# EDGAR Filing Document

**Accession Number:** 0001959372
**File Stem:** 0001145549-25-055633
**Filing Date:** 2025-8
**Character Count:** 255379
**Document Hash:** 19107e3f30b48fe84e235020b1f91344
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-055633.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001145549-25-055633

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aristotle Funds Series Trust
- **CENTRAL INDEX KEY:** 0001959372

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23850
- **FILM NUMBER:** 251270025

**BUSINESS ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD.
- **STREET 2:** SUITE 1700
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** (949) 219-3391

**MAIL ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD.
- **STREET 2:** SUITE 1700
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025

## Series and Classes Contracts Data

### Aristotle Core Income Fund (Series ID: S000080072)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000241710 | Class A      | PLIAX           |
| C000241711 | Class C      | PLNCX           |
| C000241712 | Class I      | PLIIX           |
| C000241713 | Class I-2    | PLIDX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Aristotle Core Income Fund** | **Aristotle Core Income Fund** | **Aristotle Core Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 41.4%** | **Par** | **Value** |
| **Communications - 0.9%** | **Communications - 0.9%** | **Communications - 0.9%** |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| &nbsp;&nbsp; 3.50%, 09/15/2053 | 2965000 | $2008452 |
| &nbsp;&nbsp; 3.85%, 06/01/2060 | 4550000 | 3184191 |
| Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital |
| &nbsp;&nbsp; 3.50%, 06/01/2041 | 4500000 | 3266739 |
| &nbsp;&nbsp; 3.85%, 04/01/2061 | 2000000 | 1282454 |
|  Comcast Corp., 6.05%, 05/15/2055 | 5950000 | 6079757 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| &nbsp;&nbsp; 5.20%, 01/15/2033 | 3000000 | 3057220 |
| &nbsp;&nbsp; 5.05%, 07/15/2033 | 7200000 | 7251802 |
|  Verizon Communications, Inc., 3.40%, 03/22/2041 | 4000000 | 3087097 |
|  |  | 29217712 |
| **Consumer Discretionary - 3.0%** | **Consumer Discretionary - 3.0%** | **Consumer Discretionary - 3.0%** |
|  1011778 BC ULC / New Red Finance, Inc., 3.88%, 01/15/2028 <sup>(a)</sup> | 12000000 | 11699803 |
| American Airlines Group, Inc. | American Airlines Group, Inc. | American Airlines Group, Inc. |
| &nbsp;&nbsp; 3.60%, 09/22/2027 | 4359471 | 4243346 |
| &nbsp;&nbsp; 3.20%, 06/15/2028 | 4759487 | 4564362 |
| &nbsp;&nbsp; Series A, 2.88%, 07/11/2034 | 4167779 | 3695104 |
| &nbsp;&nbsp; Series AA, 3.15%, 02/15/2032 | 1655632 | 1527321 |
| &nbsp;&nbsp; Series B, 3.95%, 07/11/2030 | 1007500 | 950130 |
|  AutoNation, Inc., 5.89%, 03/15/2035 | 4800000 | 4871671 |
|  British Airways 2019-1 Class A Pass Through Trust, Series PTT, 3.35%, 06/15/2029 <sup>(a)</sup> | 8952443 | 8570797 |
| British Airways PLC | British Airways PLC | British Airways PLC |
| &nbsp;&nbsp; Series 2019-1, 3.30%, 12/15/2032 <sup>(a)</sup> | 4755241 | 4418344 |
| &nbsp;&nbsp; Series A, 4.25%, 11/15/2032 <sup>(a)</sup> | 1809181 | 1741157 |
|  Delta Air Lines, Inc. / SkyMiles IP Ltd., 4.50%, 10/20/2025 <sup>(a)</sup> | 666726 | 665203 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| &nbsp;&nbsp; 4.54%, 08/01/2026 | 1725000 | 1713607 |
| &nbsp;&nbsp; 2.70%, 08/10/2026 | 2225000 | 2166871 |
|  Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc., 5.00%, 06/01/2029 <sup>(a)</sup> | 2000000 | 1924944 |
|  Hyatt Hotels Corp., 5.38%, 12/15/2031 | 3650000 | 3702888 |
|  Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/2027 <sup>(a)</sup> | 1800000 | 1803487 |
|  Paychex, Inc., 5.60%, 04/15/2035 | 4400000 | 4550207 |
|  QXO Building Products, Inc., 6.75%, 04/30/2032 <sup>(a)</sup> | 3175000 | 3278829 |
|  Royal Caribbean Cruises Ltd., 5.63%, 09/30/2031 <sup>(a)</sup> | 4000000 | 4026936 |
|  United Airlines 2019-2 Class A Pass Through Trust, Series A, 2.90%, 05/01/2028 | 1051237 | 976410 |
| United Airlines, Inc. | United Airlines, Inc. | United Airlines, Inc. |
| &nbsp;&nbsp; 5.80%, 01/15/2036 | 7670216 | 7796617 |
| &nbsp;&nbsp; 5.45%, 02/15/2037 | 2279984 | 2290918 |
| &nbsp;&nbsp; Series 2019-1, 4.15%, 08/25/2031 | 821980 | 780346 |
| &nbsp;&nbsp; Series AA, 3.50%, 03/01/2030 | 9490039 | 8925134 |
|  |  | 90884432 |
| **Consumer Staples - 1.8%** | **Consumer Staples - 1.8%** | **Consumer Staples - 1.8%** |
|  Anheuser-Busch InBev Worldwide, Inc., 5.45%, 01/23/2039 | 5000000 | 5088720 |
|  Diageo Investment Corp., 5.63%, 04/15/2035 | 1800000 | 1883057 |
|  J M Smucker Co., 6.20%, 11/15/2033 | 5600000 | 6013390 |
| JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl | JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl | JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl |
| &nbsp;&nbsp; 5.75%, 04/01/2033 | 727000 | 747752 |
| &nbsp;&nbsp; 6.75%, 03/15/2034 | 7660000 | 8366941 |
|  JBS USA LUX Sarl / JBS USA Food Co. / JBS USA Foods Group, 5.95%, 04/20/2035 <sup>(a)</sup> | 7600000 | 7881048 |
|  Keurig Dr Pepper, Inc., 5.15%, 05/15/2035 | 12820000 | 12798148 |
| Mars, Inc. | Mars, Inc. | Mars, Inc. |
| &nbsp;&nbsp; 5.20%, 03/01/2035 <sup>(a)</sup> | 7100000 | 7188611 |
| &nbsp;&nbsp; 5.70%, 05/01/2055 <sup>(a)</sup> | 4200000 | 4192735 |
|  |  | 54160402 |
| **Energy - 2.6%** | **Energy - 2.6%** | **Energy - 2.6%** |
|  Eastern Energy Gas Holdings LLC, 5.65%, 10/15/2054 | 6100000 | 5838079 |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| &nbsp;&nbsp; 6.50% to 11/15/2026 then 5 yr. CMT Rate + 5.69%, Perpetual | 1650000 | 1661497 |
| &nbsp;&nbsp; 7.38%, 02/01/2031 <sup>(a)</sup> | 4800000 | 5030326 |
| &nbsp;&nbsp; 5.75%, 02/15/2033 | 4800000 | 4984638 |
| &nbsp;&nbsp; 5.55%, 05/15/2034 | 2250000 | 2279044 |
| &nbsp;&nbsp; 5.60%, 09/01/2034 | 6500000 | 6604758 |
| &nbsp;&nbsp; 5.70%, 04/01/2035 | 4350000 | 4432805 |
| &nbsp;&nbsp; 5.00%, 05/15/2044 <sup>(b)</sup> | 4000000 | 3464331 |
| MPLX LP | MPLX LP | MPLX LP |
| &nbsp;&nbsp; 5.50%, 06/01/2034 | 12000000 | 12054579 |
| &nbsp;&nbsp; 4.95%, 03/14/2052 | 1750000 | 1450417 |
| &nbsp;&nbsp; 5.65%, 03/01/2053 | 4850000 | 4458076 |
| Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
| &nbsp;&nbsp; 6.88%, 08/04/2026 | 7750000 | 7756603 |
| &nbsp;&nbsp; 6.50%, 03/13/2027 | 3625000 | 3602081 |
|  Targa Resources Corp., 6.50%, 03/30/2034 | 6850000 | 7364555 |
|  Venture Global LNG, Inc., 9.00% to 09/30/2029 then 5 yr. CMT Rate + 5.44%, Perpetual <sup>(a)</sup> | 5000000 | 4865744 |
|  Williams Cos., Inc., 5.30%, 09/30/2035 | 3300000 | 3305160 |
|  |  | 79152693 |
| **Financials - 21.1%** | **Financials - 21.1%** | **Financials - 21.1%** |
|  AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 6.50% to 01/31/2031 then 5 yr. CMT Rate + 2.44%, 01/31/2056 | 8100000 | 8133151 |
|  Agree LP, 5.60%, 06/15/2035 | 4300000 | 4378652 |
|  American International Group, Inc., 5.45%, 05/07/2035 | 9920000 | 10177807 |
|  Arthur J Gallagher & Co., 5.15%, 02/15/2035 | 4200000 | 4204413 |
|  Athene Holding Ltd., 6.63%, 05/19/2055 | 6850000 | 7064602 |
|  Atlas Warehouse Lending Co. LP, 6.25%, 01/15/2030 <sup>(a)</sup> | 10750000 | 10868545 |
|  Aviation Capital Group LLC, 5.13%, 04/10/2030 <sup>(a)</sup> | 3500000 | 3534866 |
|  Avolon Holdings Funding Ltd., 5.38%, 05/30/2030 <sup>(a)</sup> | 1850000 | 1885323 |
| Banco Mercantil del Norte SA/Grand Cayman | Banco Mercantil del Norte SA/Grand Cayman | Banco Mercantil del Norte SA/Grand Cayman |
| &nbsp;&nbsp; 7.63% to 01/10/2028 then 10 yr. CMT Rate + 5.35%, Perpetual <sup>(a)</sup> | 1324000 | 1320289 |
| &nbsp;&nbsp; 8.38% to 10/14/2030 then 10 yr. CMT Rate + 7.76%, Perpetual <sup>(a)</sup> | 2001000 | 2076626 |
| &nbsp;&nbsp; 8.38% to 05/20/2031 then 5 yr. CMT Rate + 4.07%, Perpetual <sup>(a)</sup> | 9700000 | 9837061 |
|  Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand, 5.62%, 12/10/2029 <sup>(a)</sup> | 6400000 | 6534400 |
|  Banco Santander SA, 6.03%, 01/17/2035 | 8050000 | 8484768 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 5.52% to 10/25/2034 then SOFR + 1.74%, 10/25/2035 | 15000000 | 15006952 |
| &nbsp;&nbsp; 5.74% to 02/12/2035 then SOFR + 1.70%, 02/12/2036 | 7500000 | 7624728 |
| &nbsp;&nbsp; 2.48% to 09/21/2031 then 5 yr. CMT Rate + 1.20%, 09/21/2036 | 10350000 | 8772973 |
| &nbsp;&nbsp; 3.85% to 03/08/2032 then 5 yr. CMT Rate + 2.00%, 03/08/2037 | 9000000 | 8238482 |
|  Bank of Nova Scotia, 7.35% to 04/27/2030 then 5 yr. CMT Rate + 2.90%, 04/27/2085 | 11500000 | 11613700 |
|  Barclays PLC, 5.79% to 02/25/2035 then SOFR + 1.59%, 02/25/2036 | 4600000 | 4703939 |
| BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico | BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico | BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico |
| &nbsp;&nbsp; 7.63% to 02/11/2030 then 5 yr. CMT Rate + 3.38%, 02/11/2035 <sup>(a)</sup> | 1150000 | 1183695 |
| &nbsp;&nbsp; 8.13% to 01/08/2034 then 5 yr. CMT Rate + 4.21%, 01/08/2039 <sup>(a)</sup> | 7000000 | 7240233 |
| Block, Inc. | Block, Inc. | Block, Inc. |
| &nbsp;&nbsp; 2.75%, 06/01/2026 | 4000000 | 3918832 |
| &nbsp;&nbsp; 3.50%, 06/01/2031 | 5000000 | 4590216 |
| BNP Paribas SA | BNP Paribas SA | BNP Paribas SA |
| &nbsp;&nbsp; 5.79% to 01/13/2032 then SOFR + 1.62%, 01/13/2033 <sup>(a)</sup> | 12000000 | 12490922 |
| &nbsp;&nbsp; 7.45% to 06/27/2035 then 5 yr. CMT Rate + 3.13%, Perpetual <sup>(a)</sup> | 5600000 | 5647600 |
| BPCE SA | BPCE SA | BPCE SA |
| &nbsp;&nbsp; 6.29% to 01/14/2035 then SOFR + 2.04%, 01/14/2036 <sup>(a)</sup> | 6500000 | 6829343 |
| &nbsp;&nbsp; 6.03% to 05/28/2035 then SOFR + 1.96%, 05/28/2036 <sup>(a)</sup> | 6500000 | 6698529 |
|  Brixmor Operating Partnership LP, 5.75%, 02/15/2035 | 7500000 | 7711090 |
|  Brown & Brown, Inc., 5.55%, 06/23/2035 | 6050000 | 6171714 |
|  Capital One Financial Corp., 6.18% to 01/30/2035 then SOFR + 2.04%, 01/30/2036 | 10600000 | 10796105 |
|  CBRE Services, Inc., 4.80%, 06/15/2030 | 8350000 | 8379667 |
|  Citibank NA, 5.57%, 04/30/2034 | 5250000 | 5470823 |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| &nbsp;&nbsp; 4.95% to 05/07/2030 then SOFR + 1.46%, 05/07/2031 | 4850000 | 4906605 |
| &nbsp;&nbsp; 6.17% to 05/25/2033 then SOFR + 2.66%, 05/25/2034 | 2225000 | 2330088 |
| &nbsp;&nbsp; 5.83% to 02/13/2034 then SOFR + 2.06%, 02/13/2035 | 3000000 | 3062320 |
| &nbsp;&nbsp; 6.02% to 01/24/2035 then SOFR + 1.83%, 01/24/2036 | 3400000 | 3493314 |
| &nbsp;&nbsp; 5.41% to 09/19/2034 then 5 yr. CMT Rate + 1.73%, 09/19/2039 | 3000000 | 2914972 |
|  Commonwealth Bank of Australia, 5.93% to 03/14/2045 then 1 yr. CMT Rate + 1.32%, 03/14/2046 <sup>(a)</sup> | 4000000 | 3931743 |
| Credit Agricole SA | Credit Agricole SA | Credit Agricole SA |
| &nbsp;&nbsp; 6.70% to 09/23/2034 then USISSO05 + 3.60%, Perpetual <sup>(a)</sup> | 6050000 | 5934579 |
| &nbsp;&nbsp; 5.86% to 01/09/2035 then SOFR + 1.74%, 01/09/2036 <sup>(a)</sup> | 4000000 | 4148459 |
|  Extra Space Storage LP, 5.40%, 02/01/2034 | 5800000 | 5893985 |
|  Fairfax Financial Holdings Ltd., 6.50%, 05/20/2055 <sup>(a)</sup> | 15200000 | 15564888 |
| Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. |
| &nbsp;&nbsp; 5.60%, 03/02/2033 | 4925000 | 5108921 |
| &nbsp;&nbsp; 5.15%, 08/12/2034 | 11600000 | 11648399 |
| GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. |
| &nbsp;&nbsp; 3.25%, 01/15/2032 | 8700000 | 7663782 |
| &nbsp;&nbsp; 5.63%, 09/15/2034 | 10650000 | 10618549 |
| &nbsp;&nbsp; 6.25%, 09/15/2054 | 3850000 | 3761377 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp; 5.22% to 04/23/2030 then SOFR + 1.58%, 04/23/2031 | 4900000 | 5024615 |
| &nbsp;&nbsp; 2.62% to 04/22/2031 then SOFR + 1.28%, 04/22/2032 | 7950000 | 7068523 |
| &nbsp;&nbsp; 2.38% to 07/21/2031 then SOFR + 1.25%, 07/21/2032 | 4075000 | 3560002 |
| &nbsp;&nbsp; 5.85% to 04/25/2034 then SOFR + 1.55%, 04/25/2035 | 8150000 | 8550614 |
| &nbsp;&nbsp; 5.02% to 10/23/2034 then SOFR + 1.42%, 10/23/2035 | 6350000 | 6275889 |
| &nbsp;&nbsp; 5.54% to 01/28/2035 then SOFR + 1.38%, 01/28/2036 | 6050000 | 6206570 |
|  High Street Funding Trust III, 5.81%, 02/15/2055 <sup>(a)</sup> | 4800000 | 4662150 |
| Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP |
| &nbsp;&nbsp; 2.90%, 12/15/2031 | 5400000 | 4734975 |
| &nbsp;&nbsp; 5.70%, 07/01/2034 | 6000000 | 6041686 |
| HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC |
| &nbsp;&nbsp; 6.95% to 02/27/2032 then 5 yr. CMT Rate + 2.64%, Perpetual | 4800000 | 4830149 |
| &nbsp;&nbsp; 5.45% to 03/03/2035 then SOFR + 1.56%, 03/03/2036 | 3500000 | 3520604 |
| &nbsp;&nbsp; 5.79% to 05/13/2035 then SOFR + 1.88%, 05/13/2036 | 5000000 | 5144597 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| &nbsp;&nbsp; 6.50% to 04/01/2030 then 5 yr. CMT Rate + 2.15%, Perpetual | 5750000 | 5952825 |
| &nbsp;&nbsp; 6.25% to 10/23/2033 then SOFR + 1.81%, 10/23/2034 | 4000000 | 4348966 |
| &nbsp;&nbsp; 5.77% to 04/22/2034 then SOFR + 1.49%, 04/22/2035 | 16500000 | 17341542 |
| &nbsp;&nbsp; 5.29% to 07/22/2034 then SOFR + 1.46%, 07/22/2035 | 12750000 | 12979926 |
| &nbsp;&nbsp; 4.95% to 10/22/2034 then SOFR + 1.34%, 10/22/2035 | 12000000 | 11878898 |
| &nbsp;&nbsp; 5.57% to 04/22/2035 then SOFR + 1.68%, 04/22/2036 | 4500000 | 4665304 |
| Kite Realty Group LP | Kite Realty Group LP | Kite Realty Group LP |
| &nbsp;&nbsp; 4.95%, 12/15/2031 | 10000000 | 10041524 |
| &nbsp;&nbsp; 5.20%, 08/15/2032 | 1700000 | 1715700 |
|  Liberty Mutual Group, Inc., 4.30%, 02/01/2061 <sup>(a)</sup> | 3650000 | 2211852 |
| Lloyds Banking Group PLC | Lloyds Banking Group PLC | Lloyds Banking Group PLC |
| &nbsp;&nbsp; 6.75% to 09/27/2031 then 5 yr. CMT Rate + 3.15%, Perpetual | 5900000 | 5787783 |
| &nbsp;&nbsp; 6.07% to 06/13/2035 then 1 yr. CMT Rate + 1.60%, 06/13/2036 | 500000 | 514266 |
| LPL Holdings, Inc. | LPL Holdings, Inc. | LPL Holdings, Inc. |
| &nbsp;&nbsp; 5.15%, 06/15/2030 | 3300000 | 3342222 |
| &nbsp;&nbsp; 5.75%, 06/15/2035 | 1850000 | 1872424 |
|  Massachusetts Mutual Life Insurance Co., 5.67%, 12/01/2052 <sup>(a)</sup> | 4700000 | 4572073 |
|  MetLife, Inc., 6.35% to 03/15/2035 then 5 yr. CMT Rate + 2.08%, 03/15/2055 | 2950000 | 3034597 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley |
| &nbsp;&nbsp; 5.83% to 04/19/2034 then SOFR + 1.58%, 04/19/2035 | 10000000 | 10480701 |
| &nbsp;&nbsp; 5.59% to 01/18/2035 then SOFR + 1.42%, 01/18/2036 | 4800000 | 4929178 |
| &nbsp;&nbsp; 5.66% to 04/17/2035 then SOFR + 1.76%, 04/17/2036 | 3900000 | 4042882 |
| &nbsp;&nbsp; 2.48% to 09/16/2031 then SOFR + 1.36%, 09/16/2036 | 14150000 | 12027623 |
|  Nippon Life Insurance Co., 6.50% to 04/30/2035 then 5 yr. CMT Rate + 3.19%, 04/30/2055 <sup>(a)</sup> | 4600000 | 4765306 |
| Northwestern Mutual Life Insurance Co. | Northwestern Mutual Life Insurance Co. | Northwestern Mutual Life Insurance Co. |
| &nbsp;&nbsp; 3.85%, 09/30/2047 <sup>(a)</sup> | 4600000 | 3522881 |
| &nbsp;&nbsp; 6.17%, 05/29/2055 <sup>(a)</sup> | 8300000 | 8674354 |
|  Peachtree Corners Funding Trust II, 6.01%, 05/15/2035 <sup>(a)</sup> | 4300000 | 4409155 |
|  Phillips Edison Grocery Center Operating Partnership I LP, 4.95%, 01/15/2035 | 9000000 | 8720798 |
|  PNC Financial Services Group, Inc., 6.88% to 10/20/2033 then SOFR + 2.28%, 10/20/2034 | 6500000 | 7268904 |
|  Rocket Cos., Inc., 6.13%, 08/01/2030 <sup>(a)</sup> | 3325000 | 3390353 |
|  Royal Bank of Canada, 6.35% to 11/24/2034 then 5 yr. CMT Rate + 2.26%, 11/24/2084 | 13200000 | 12440882 |
|  State Street Corp., 6.45% to 09/15/2030 then 5 yr. CMT Rate + 2.14%, Perpetual | 2000000 | 2039808 |
|  Sumitomo Mitsui Financial Group, Inc., 5.25% to 07/08/2035 then SOFR + 1.50%, 07/08/2036 | 7300000 | 7300000 |
| UBS Group AG | UBS Group AG | UBS Group AG |
| &nbsp;&nbsp; 6.85% to 03/10/2030 then USISSO05 + 3.63%, Perpetual <sup>(a)</sup> | 3500000 | 3524111 |
| &nbsp;&nbsp; 7.75% to 04/12/2031 then USISSO05 + 4.16%, Perpetual <sup>(a)</sup> | 9450000 | 9972235 |
| &nbsp;&nbsp; 5.58% to 05/09/2035 then SOFR + 1.76%, 05/09/2036 <sup>(a)</sup> | 4250000 | 4347759 |
|  Ventas Realty LP, 5.00%, 01/15/2035 | 6400000 | 6294380 |
| VICI Properties LP | VICI Properties LP | VICI Properties LP |
| &nbsp;&nbsp; 5.13%, 11/15/2031 | 7000000 | 7013591 |
| &nbsp;&nbsp; 5.13%, 05/15/2032 | 2400000 | 2392659 |
|  VICI Properties LP / VICI Note Co., Inc., 4.63%, 12/01/2029 <sup>(a)</sup> | 8081000 | 7942461 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| &nbsp;&nbsp; 5.39% to 04/24/2033 then SOFR + 2.02%, 04/24/2034 | 4450000 | 4555096 |
| &nbsp;&nbsp; 5.56% to 07/25/2033 then SOFR + 1.99%, 07/25/2034 | 5500000 | 5678228 |
| &nbsp;&nbsp; 5.50% to 01/23/2034 then SOFR + 1.78%, 01/23/2035 | 13825000 | 14183323 |
| &nbsp;&nbsp; 5.21% to 12/03/2034 then SOFR + 1.38%, 12/03/2035 | 850000 | 853607 |
| &nbsp;&nbsp; 5.61% to 04/23/2035 then SOFR + 1.74%, 04/23/2036 | 6100000 | 6298908 |
|  Welltower OP LLC, 5.13%, 07/01/2035 | 1650000 | 1657074 |
|  Westpac Banking Corp., 5.62% to 11/20/2034 then 1 yr. CMT Rate + 1.20%, 11/20/2035 | 9700000 | 9769002 |
|  |  | 646947562 |
| **Government - 0.0%<sup>(c)</sup>** | **Government - 0.0%<sup>(c)</sup>** | **Government - 0.0%<sup>(c)</sup>** |
|  Corp. Andina de Fomento, 6.75% to 12/17/2030 then USISSO05 + 3.12%, Perpetual <sup>(a)</sup> | 500000 | 509587 |
| **Health Care - 1.1%** | **Health Care - 1.1%** | **Health Care - 1.1%** |
|  Elevance Health, Inc., 5.65%, 06/15/2054 | 5830000 | 5608427 |
|  Laboratory Corp. of America Holdings, 4.80%, 10/01/2034 | 9550000 | 9340475 |
|  UnitedHealth Group, Inc., 5.75%, 07/15/2064 | 5350000 | 5208159 |
| Universal Health Services, Inc. | Universal Health Services, Inc. | Universal Health Services, Inc. |
| &nbsp;&nbsp; 4.63%, 10/15/2029 | 7200000 | 7121117 |
| &nbsp;&nbsp; 2.65%, 10/15/2030 | 3000000 | 2675773 |
| &nbsp;&nbsp; 2.65%, 01/15/2032 | 3325000 | 2823933 |
|  |  | 32777884 |
| **Industrials - 2.1%** | **Industrials - 2.1%** | **Industrials - 2.1%** |
|  BAE Systems PLC, 5.30%, 03/26/2034 <sup>(a)</sup> | 7550000 | 7722194 |
| Boeing Co. | Boeing Co. | Boeing Co. |
| &nbsp;&nbsp; 6.53%, 05/01/2034 | 5250000 | 5707712 |
| &nbsp;&nbsp; 6.86%, 05/01/2054 | 700000 | 766983 |
|  HEICO Corp., 5.35%, 08/01/2033 | 8400000 | 8602131 |
| nVent Finance Sarl | nVent Finance Sarl | nVent Finance Sarl |
| &nbsp;&nbsp; 2.75%, 11/15/2031 | 4300000 | 3742717 |
| &nbsp;&nbsp; 5.65%, 05/15/2033 | 4350000 | 4433430 |
|  Quanta Services, Inc., 5.25%, 08/09/2034 | 5200000 | 5266987 |
|  Regal Rexnord Corp., 6.40%, 04/15/2033 | 5000000 | 5281895 |
|  Weir Group, Inc., 5.35%, 05/06/2030 <sup>(a)</sup> | 7925000 | 8038630 |
|  Westinghouse Air Brake Technologies Corp., 5.50%, 05/29/2035 | 10350000 | 10504702 |
|  Wrangler Holdco Corp., 6.63%, 04/01/2032 <sup>(a)</sup> | 4200000 | 4375774 |
|  |  | 64443155 |
| **Materials - 0.7%** | **Materials - 0.7%** | **Materials - 0.7%** |
|  Amcor Flexibles North America, Inc., 5.50%, 03/17/2035 <sup>(a)</sup> | 6250000 | 6343959 |
|  Rio Tinto Finance USA PLC, 5.25%, 03/14/2035 | 3400000 | 3461307 |
|  Sonoco Products Co., 5.00%, 09/01/2034 | 9100000 | 8857199 |
|  Vale Overseas Ltd., 6.40%, 06/28/2054 | 3000000 | 2951307 |
|  |  | 21613772 |
| **Technology - 1.9%** | **Technology - 1.9%** | **Technology - 1.9%** |
|  Booz Allen Hamilton, Inc., 3.88%, 09/01/2028 <sup>(a)</sup> | 5000000 | 4851703 |
|  Fair Isaac Corp., 6.00%, 05/15/2033 <sup>(a)</sup> | 8080000 | 8174260 |
|  Hewlett Packard Enterprise Co., 5.00%, 10/15/2034 | 10300000 | 9995831 |
| Intel Corp. | Intel Corp. | Intel Corp. |
| &nbsp;&nbsp; 4.75%, 03/25/2050 | 4900000 | 4001236 |
| &nbsp;&nbsp; 5.70%, 02/10/2053 | 5000000 | 4656638 |
|  Kyndryl Holdings, Inc., 3.15%, 10/15/2031 | 6500000 | 5873200 |
|  Oracle Corp., 5.50%, 09/27/2064 | 12750000 | 11622002 |
|  Roper Technologies, Inc., 4.90%, 10/15/2034 | 10500000 | 10359712 |
|  |  | 59534582 |
| **Utilities - 6.2%** | **Utilities - 6.2%** | **Utilities - 6.2%** |
|  AEP Transmission Co. LLC, 5.38%, 06/15/2035 | 1150000 | 1175550 |
|  AES Corp., 5.80%, 03/15/2032 | 11900000 | 12088354 |
|  American Electric Power Co., Inc., 5.63%, 03/01/2033 | 4700000 | 4888342 |
|  CenterPoint Energy, Inc., 6.70% to 05/15/2030 then 5 yr. CMT Rate + 2.59%, 05/15/2055 | 11000000 | 11128687 |
|  Consumers Energy Co., 5.05%, 05/15/2035 | 4600000 | 4634443 |
|  DTE Electric Co., 5.25%, 05/15/2035 | 4250000 | 4329525 |
|  DTE Energy Co., 5.85%, 06/01/2034 | 6700000 | 7012390 |
|  Duke Energy Ohio, Inc., 5.65%, 04/01/2053 | 3000000 | 2959160 |
|  Duke Energy Progress NC Storm Funding LLC, 2.39%, 07/01/2037 | 5350000 | 4455145 |
| Edison International | Edison International | Edison International |
| &nbsp;&nbsp; 5.00% to 03/15/2027 then 5 yr. CMT Rate + 3.90%, Perpetual | 8939000 | 7749593 |
| &nbsp;&nbsp; 8.13% to 06/15/2028 then 5 yr. CMT Rate + 3.86%, 06/15/2053 | 7750000 | 7505058 |
|  Exelon Corp., 5.45%, 03/15/2034 | 7850000 | 8059565 |
|  Georgia Power Co., 5.25%, 03/15/2034 | 4000000 | 4081599 |
|  KeySpan Gas East Corp., 3.59%, 01/18/2052 <sup>(a)</sup> | 2850000 | 1888626 |
|  National Grid PLC, 5.81%, 06/12/2033 | 3950000 | 4153664 |
|  Nevada Power Co., 5.90%, 05/01/2053 | 2950000 | 2938069 |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| &nbsp;&nbsp; 5.35%, 04/01/2034 | 5000000 | 5086469 |
| &nbsp;&nbsp; 6.95% to 11/30/2029 then 5 yr. CMT Rate + 2.45%, 11/30/2054 | 4850000 | 5060820 |
|  Oncor Electric Delivery Co. LLC, 5.55%, 06/15/2054 | 7500000 | 7268352 |
| PacifiCorp | PacifiCorp | PacifiCorp |
| &nbsp;&nbsp; 5.30%, 02/15/2031 | 7000000 | 7213591 |
| &nbsp;&nbsp; 5.50%, 05/15/2054 | 2000000 | 1841676 |
| &nbsp;&nbsp; 7.38% to 09/15/2030 then 5 yr. CMT Rate + 3.32%, 09/15/2055 | 5850000 | 6096053 |
|  PG&E Energy Recovery Funding LLC, 2.28%, 01/15/2036 | 2400000 | 1940261 |
|  PG&E Recovery Funding LLC, 5.53%, 06/01/2049 | 12000000 | 11836953 |
|  Piedmont Natural Gas Co., Inc., 5.05%, 05/15/2052 | 1750000 | 1550761 |
| Sempra | Sempra | Sempra |
| &nbsp;&nbsp; 3.80%, 02/01/2038 | 6000000 | 4969990 |
| &nbsp;&nbsp; 4.13% to 04/01/2027 then 5 yr. CMT Rate + 2.87%, 04/01/2052 | 5000000 | 4820245 |
| &nbsp;&nbsp; 6.40% to 10/01/2034 then 5 yr. CMT Rate + 2.63%, 10/01/2054 | 7100000 | 6757970 |
| &nbsp;&nbsp; 6.88% to 10/01/2029 then 5 yr. CMT Rate + 2.79%, 10/01/2054 | 1900000 | 1920785 |
|  Southwestern Electric Power Co., 5.30%, 04/01/2033 | 5000000 | 5049475 |
|  Texas Electric Market Stabilization Funding N LLC, 4.27%, 08/01/2034 <sup>(a)</sup> | 1624055 | 1609601 |
|  Virginia Electric and Power Co., 5.55%, 08/15/2054 | 7550000 | 7318752 |
| Vistra Operations Co. LLC | Vistra Operations Co. LLC | Vistra Operations Co. LLC |
| &nbsp;&nbsp; 6.95%, 10/15/2033 <sup>(a)</sup> | 7000000 | 7692825 |
| &nbsp;&nbsp; 5.70%, 12/30/2034 <sup>(a)</sup> | 5600000 | 5707010 |
|  XPLR Infrastructure Operating Partners LP, 7.25%, 01/15/2029 <sup>(a)</sup> | 7000000 | 7180545 |
|  |  | 189969904 |
| **TOTAL CORPORATE BONDS** (Cost $1,265,994,485) | **TOTAL CORPORATE BONDS** (Cost $1,265,994,485) | 1269211685 |
| **U.S. TREASURY SECURITIES - 23.7%** | **Par** | **Value** |
| United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond |
| &nbsp;&nbsp; 4.00%, 03/31/2030 | 3800000 | 3836219 |
| &nbsp;&nbsp; 0.63%, 05/15/2030 | 9000000 | 7745273 |
| &nbsp;&nbsp; 1.13%, 02/15/2031 | 14000000 | 12116562 |
| &nbsp;&nbsp; 4.25%, 06/30/2031 | 4000000 | 4074844 |
| &nbsp;&nbsp; 3.63%, 09/30/2031 | 9000000 | 8851641 |
| &nbsp;&nbsp; 4.13%, 02/29/2032 | 20000000 | 20187500 |
| &nbsp;&nbsp; 2.88%, 05/15/2032 | 20000000 | 18664844 |
| &nbsp;&nbsp; 4.13%, 05/31/2032 | 12000000 | 12104063 |
| &nbsp;&nbsp; 2.75%, 08/15/2032 | 27000000 | 24912773 |
| &nbsp;&nbsp; 3.50%, 02/15/2033 | 20000000 | 19285938 |
| &nbsp;&nbsp; 3.38%, 05/15/2033 | 19000000 | 18117539 |
| &nbsp;&nbsp; 3.88%, 08/15/2033 | 34000000 | 33492656 |
| &nbsp;&nbsp; 4.50%, 11/15/2033 | 36000000 | 36990000 |
| &nbsp;&nbsp; 4.00%, 02/15/2034 | 30000000 | 29696484 |
| &nbsp;&nbsp; 4.38%, 05/15/2034 | 23000000 | 23365664 |
| &nbsp;&nbsp; 3.88%, 08/15/2034 | 40000000 | 39067188 |
| &nbsp;&nbsp; 4.25%, 11/15/2034 | 48500000 | 48674297 |
| &nbsp;&nbsp; 4.63%, 02/15/2035 | 72300000 | 74615859 |
| &nbsp;&nbsp; 4.25%, 05/15/2035 | 10000000 | 10016406 |
| &nbsp;&nbsp; 1.13%, 05/15/2040 | 14500000 | 9019453 |
| &nbsp;&nbsp; 1.75%, 08/15/2041 | 22000000 | 14612813 |
| &nbsp;&nbsp; 4.00%, 11/15/2042 | 11500000 | 10495098 |
| &nbsp;&nbsp; 4.75%, 11/15/2043 | 5000000 | 4996289 |
| &nbsp;&nbsp; 4.50%, 02/15/2044 | 19500000 | 18847969 |
| &nbsp;&nbsp; 4.63%, 05/15/2044 | 5000000 | 4904883 |
| &nbsp;&nbsp; 4.13%, 08/15/2044 | 12000000 | 10997344 |
| &nbsp;&nbsp; 3.00%, 11/15/2044 | 13000000 | 10014570 |
| &nbsp;&nbsp; 4.63%, 11/15/2044 | 27000000 | 26438906 |
| &nbsp;&nbsp; 2.50%, 02/15/2046 | 3500000 | 2426484 |
| &nbsp;&nbsp; 2.50%, 05/15/2046 | 3000000 | 2073047 |
| &nbsp;&nbsp; 2.25%, 08/15/2046 | 7550000 | 4948494 |
| &nbsp;&nbsp; 2.75%, 11/15/2047 | 2000000 | 1422813 |
| &nbsp;&nbsp; 1.25%, 05/15/2050 | 9000000 | 4327031 |
| &nbsp;&nbsp; 1.38%, 08/15/2050 | 6500000 | 3206836 |
| &nbsp;&nbsp; 2.00%, 08/15/2051 | 30000000 | 17305078 |
| &nbsp;&nbsp; 1.88%, 11/15/2051 | 10500000 | 5845547 |
| &nbsp;&nbsp; 2.25%, 02/15/2052 | 16500000 | 10083691 |
| &nbsp;&nbsp; 2.88%, 05/15/2052 | 9500000 | 6688594 |
| &nbsp;&nbsp; 3.00%, 08/15/2052 | 14000000 | 10110078 |
| &nbsp;&nbsp; 3.63%, 02/15/2053 | 6000000 | 4899844 |
| &nbsp;&nbsp; 3.63%, 05/15/2053 | 16000000 | 13055000 |
| &nbsp;&nbsp; 4.13%, 08/15/2053 | 34000000 | 30380859 |
| &nbsp;&nbsp; 4.75%, 11/15/2053 | 26900000 | 26664625 |
| &nbsp;&nbsp; 4.25%, 02/15/2054 | 29000000 | 26462500 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $762,967,469) | **TOTAL U.S. TREASURY SECURITIES** (Cost $762,967,469) | 726043596 |
| **MORTGAGE-BACKED SECURITIES - 9.7%** | **Par** | **Value** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Pool SD8225, 3.00%, 07/01/2052 | 15459336 | 13408228 |
| &nbsp;&nbsp; Pool SD8288, 5.00%, 01/01/2053 | 3147999 | 3101741 |
| &nbsp;&nbsp; Pool SD8324, 5.50%, 05/01/2053 | 4942709 | 4953341 |
| &nbsp;&nbsp; Pool SD8331, 5.50%, 06/01/2053 | 3316492 | 3323199 |
| &nbsp;&nbsp; Pool SD8344, 6.50%, 07/01/2053 | 2640056 | 2737431 |
| &nbsp;&nbsp; Pool SD8367, 5.50%, 10/01/2053 | 12902885 | 12923995 |
| &nbsp;&nbsp; Pool SD8440, 6.50%, 06/01/2054 | 3723729 | 3848676 |
| &nbsp;&nbsp; Pool SD8503, 4.00%, 02/01/2055 | 9544264 | 8881068 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; Pool CB9327, 5.50%, 10/01/2054 | 9048462 | 9220193 |
| &nbsp;&nbsp; Pool CB9471, 5.00%, 11/01/2054 | 10391857 | 10364449 |
| &nbsp;&nbsp; Pool FS0902, 3.50%, 07/01/2043 | 5420521 | 5089730 |
| &nbsp;&nbsp; Pool FS3150, 5.00%, 11/01/2052 | 6288846 | 6239327 |
| &nbsp;&nbsp; Pool FS3825, 4.50%, 04/01/2050 | 4661704 | 4534883 |
| &nbsp;&nbsp; Pool FS5365, 3.00%, 02/01/2050 | 5084048 | 4519263 |
| &nbsp;&nbsp; Pool FS5749, 6.50%, 09/01/2053 | 17150129 | 17736058 |
| &nbsp;&nbsp; Pool FS7526, 3.00%, 10/01/2053 | 5653725 | 4898394 |
| &nbsp;&nbsp; Pool MA5073, 6.00%, 07/01/2053 | 19943039 | 20312424 |
| &nbsp;&nbsp; Pool MA5107, 5.50%, 08/01/2053 | 5027438 | 5036841 |
| &nbsp;&nbsp; Pool MA5108, 6.00%, 08/01/2053 | 19111985 | 19465978 |
| &nbsp;&nbsp; Pool MA5139, 6.00%, 09/01/2053 | 10087954 | 10272481 |
| &nbsp;&nbsp; Pool MA5140, 6.50%, 09/01/2053 | 3558833 | 3690139 |
| &nbsp;&nbsp; Pool MA5166, 6.00%, 10/01/2053 | 3092885 | 3149460 |
| &nbsp;&nbsp; Pool MA5341, 4.00%, 04/01/2054 | 3685004 | 3429833 |
| &nbsp;&nbsp; Pool MA5389, 6.00%, 06/01/2054 | 5019201 | 5106068 |
| &nbsp;&nbsp; Pool MA5390, 6.50%, 06/01/2054 | 4487236 | 4646538 |
| &nbsp;&nbsp; Pool MA5480, 5.50%, 09/01/2044 | 25082684 | 25539849 |
| &nbsp;&nbsp; Pool MA5503, 5.50%, 10/01/2044 | 20688179 | 21054617 |
| &nbsp;&nbsp; Pool MA5540, 5.50%, 11/01/2044 | 5363244 | 5458263 |
| &nbsp;&nbsp; Pool MA5586, 5.50%, 01/01/2055 | 13152877 | 13159459 |
| Ginnie Mae II Pool | Ginnie Mae II Pool | Ginnie Mae II Pool |
| &nbsp;&nbsp; Pool MA8148, 3.00%, 07/20/2052 | 14578129 | 12911131 |
| &nbsp;&nbsp; Pool MA8492, 6.00%, 12/20/2052 | 4211164 | 4306804 |
| &nbsp;&nbsp; Pool MA8949, 6.00%, 06/20/2053 | 3319793 | 3390620 |
| &nbsp;&nbsp; Pool MA9242, 6.00%, 10/20/2053 | 6932090 | 7075199 |
| &nbsp;&nbsp; Pool MB0090, 4.50%, 12/20/2054 | 16079135 | 15402734 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $296,565,865) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $296,565,865) | 299188414 |
| **BANK LOANS - 8.8%** | **Par** | **Value** |
| **Consumer Discretionary - 3.1%** | **Consumer Discretionary - 3.1%** | **Consumer Discretionary - 3.1%** |
|  1011778 BC ULC, Senior Secured First Lien, 6.08% (1 mo. SOFR US + 1.75%), 09/23/2030 | 7925000 | 7901067 |
|  Allied Universal Holdco LLC, Senior Secured First Lien, 8.28% (1 mo. SOFR US + 3.75%), 05/15/2028 | 4224935 | 4249841 |
|  Belron Finance 2019 LLC, Senior Secured First Lien, 7.05% (3 mo. SOFR US + 2.75%), 10/16/2031 | 4942550 | 4971093 |
|  Caesars Entertainment, Inc., Senior Secured First Lien, 6.58% (1 mo. SOFR US + 2.25%), 02/06/2031 | 8002557 | 8007598 |
|  Carnival Corp., Senior Secured First Lien, 6.31% (1 mo. SOFR US + 2.00%), 10/18/2028 | 513000 | 514041 |
|  Chariot Buyer LLC, Senior Secured First Lien, 7.78% (1 mo. SOFR US + 3.25%), 11/03/2028 | 11785847 | 11819319 |
|  ClubCorp Holdings, Inc., Senior Secured First Lien, 9.82% (3 mo. SOFR US + 5.00%), 09/18/2026 | 2054632 | 2059769 |
|  Flutter Financing BV, Senior Secured First Lien, 6.05% (3 mo. SOFR US + 1.75%), 11/29/2030 | 5406250 | 5399492 |
|  Grant Thornton Advisors LLC, Senior Secured First Lien, 7.08% (1 mo. SOFR US + 2.75%), 05/30/2031 | 7603444 | 7606295 |
|  Hilton Grand Vacations Borrower LLC, Senior Secured First Lien, 6.33% (1 mo. SOFR US + 2.00%), 08/02/2028 | 2484439 | 2486576 |
|  Marriott Ownership Resorts, Inc., Senior Secured First Lien, 6.58% (1 mo. SOFR US + 2.25%), 04/01/2031 | 4186278 | 4196744 |
|  SeaWorld Parks & Entertainment, Inc., Senior Secured First Lien, 6.33% (1 mo. SOFR US + 2.00%), 12/04/2031 | 4985665 | 4988781 |
|  Six Flags Entertainment Corp., Senior Secured First Lien, 6.33% (1 mo. SOFR US + 2.00%), 05/01/2031 | 5398807 | 5410279 |
|  Wand NewCo 3, Inc., Senior Secured First Lien, 6.83% (1 mo. SOFR US + 2.50%), 01/30/2031 | 11327286 | 11289793 |
|  Whatabrands LLC, Senior Secured First Lien, 6.83% (1 mo. SOFR US + 2.50%), 08/03/2028 | 14887594 | 14910819 |
|  |  | 95811507 |
| **Financials - 2.2%** | **Financials - 2.2%** | **Financials - 2.2%** |
|  AssuredPartners, Inc., Senior Secured First Lien, 7.83% (1 mo. SOFR US + 3.50%), 02/14/2031 | 16062252 | 16120638 |
|  Avolon TLB Borrower 1 US LLC, Senior Secured First Lien, 6.07% (1 mo. SOFR US + 1.75%), 06/24/2030 | 5053629 | 5062978 |
| BroadStreet Partners, Inc., Senior Secured First Lien | BroadStreet Partners, Inc., Senior Secured First Lien | BroadStreet Partners, Inc., Senior Secured First Lien |
| &nbsp;&nbsp; 7.33% (1 mo. SOFR US + 3.00%), 06/16/2031 | 4520679 | 4531190 |
| &nbsp;&nbsp; 7.33% (1 mo. SOFR US + 3.00%), 06/16/2031 | 441821 | 442848 |
|  Colossus Acquireco LLC, 6.06% (1 mo. Term SOFR + 1.75%), 06/14/2032 | 16000000 | 15914000 |
|  CoreLogic, Inc., Senior Secured First Lien, 8.06% (1 mo. SOFR US + 3.50%), 06/02/2028 | 8848027 | 8769235 |
|  Deerfield Dakota Holding LLC, Senior Secured First Lien, 8.05% (3 mo. SOFR US + 3.75%), 04/09/2027 | 8419311 | 8200661 |
|  HUB International Ltd., Senior Secured First Lien, 6.77% (3 mo. SOFR US + 2.50%), 06/20/2030 | 8530492 | 8565638 |
|  |  | 67607188 |
| **Health Care - 0.2%** | **Health Care - 0.2%** | **Health Care - 0.2%** |
|  Medline Borrower LP, Senior Secured First Lien, 6.58% (1 mo. SOFR US + 2.25%), 10/23/2028 | 4436684 | 4446777 |
| **Industrials - 1.7%** | **Industrials - 1.7%** | **Industrials - 1.7%** |
|  BCPE Empire Holdings, Inc., Senior Secured First Lien, 7.58% (1 mo. SOFR US + 3.25%), 12/26/2030 | 2930175 | 2916989 |
| Dynasty Acquisition Co., Inc., Senior Secured First Lien | Dynasty Acquisition Co., Inc., Senior Secured First Lien | Dynasty Acquisition Co., Inc., Senior Secured First Lien |
| &nbsp;&nbsp; 6.33% (1 mo. SOFR US + 2.00%), 10/31/2031 | 2669544 | 2673775 |
| &nbsp;&nbsp; 6.33% (1 mo. SOFR US + 2.00%), 10/31/2031 | 1015409 | 1017019 |
| Husky Injection Molding Systems Ltd., Senior Secured First Lien | Husky Injection Molding Systems Ltd., Senior Secured First Lien | Husky Injection Molding Systems Ltd., Senior Secured First Lien |
| &nbsp;&nbsp; 8.67% (1 mo. SOFR US + 4.50%), 02/15/2029 | 5536439 | 5558170 |
| &nbsp;&nbsp; 8.80% (3 mo. SOFR US + 4.50%), 02/15/2029 | 5536439 | 5558170 |
|  Indicor LLC, Senior Secured First Lien, 7.05% (3 mo. SOFR US + 2.75%), 11/23/2029 | 7693519 | 7687749 |
| Kaman Corp., Senior Secured First Lien | Kaman Corp., Senior Secured First Lien | Kaman Corp., Senior Secured First Lien |
| &nbsp;&nbsp; 7.03% (6 mo. SOFR US + 2.75%), 02/26/2032 | 797103 | 797167 |
| &nbsp;&nbsp; 7.03% (6 mo. SOFR US + 2.75%), 02/26/2032 | 1095448 | 1095536 |
| &nbsp;&nbsp; 7.03% (6 mo. SOFR US + 2.75%), 02/26/2032 | 799034 | 799098 |
| &nbsp;&nbsp; 7.03% (6 mo. SOFR US + 2.75%), 02/26/2032 | 963586 | 963663 |
| &nbsp;&nbsp; 7.08% (3 mo. SOFR US + 2.75%), 02/26/2032 | 1095448 | 1095536 |
| &nbsp;&nbsp; 7.08% (3 mo. SOFR US + 2.75%), 02/26/2032 | 799034 | 799099 |
| &nbsp;&nbsp; 7.08% (3 mo. SOFR US + 2.75%), 02/26/2032 | 797103 | 797167 |
| &nbsp;&nbsp; 7.08% (3 mo. SOFR US + 2.75%), 02/26/2032 | 963586 | 963663 |
| &nbsp;&nbsp; 7.30% (3 mo. Term SOFR + 2.75%), 02/26/2032 <sup>(d)</sup> | 689655 | 689710 |
| TK Elevator US Newco, Inc., Senior Secured First Lien | TK Elevator US Newco, Inc., Senior Secured First Lien | TK Elevator US Newco, Inc., Senior Secured First Lien |
| &nbsp;&nbsp; 7.24% (1 mo. SOFR US + 3.00%), 04/30/2030 | 2359688 | 2368537 |
| &nbsp;&nbsp; 7.33% (1 mo. SOFR US + 3.00%), 04/30/2030 | 2541183 | 2550712 |
|  TransDigm, Inc., Senior Secured First Lien, 6.80% (3 mo. SOFR US + 2.50%), 02/28/2031 | 14678457 | 14721098 |
|  |  | 53052858 |
| **Materials - 0.2%** | **Materials - 0.2%** | **Materials - 0.2%** |
| Proampac PG Borrower LLC, Senior Secured First Lien | Proampac PG Borrower LLC, Senior Secured First Lien | Proampac PG Borrower LLC, Senior Secured First Lien |
| &nbsp;&nbsp; 8.26% (3 mo. SOFR US + 4.00%), 09/15/2028 | 4484835 | 4507820 |
| &nbsp;&nbsp; 8.32% (3 mo. SOFR US + 4.00%), 09/15/2028 | 2888779 | 2903584 |
|  |  | 7411404 |
| **Technology - 1.4%** | **Technology - 1.4%** | **Technology - 1.4%** |
|  Central Parent LLC, Senior Secured First Lien, 7.55% (3 mo. SOFR US + 3.25%), 07/06/2029 | 8957375 | 7502249 |
|  Dun & Bradstreet Corp., Senior Secured First Lien, 6.57% (1 mo. SOFR US + 2.25%), 01/18/2029 | 11078805 | 11082959 |
|  Epicor Software Corp., Senior Secured First Lien, 7.08% (1 mo. Term SOFR + 2.75%), 05/30/2031 | 8757990 | 8790132 |
|  Polaris Newco LLC, Senior Secured First Lien, 8.41% (3 mo. SOFR US + 3.75%), 06/05/2028 | 3918782 | 3824339 |
|  UKG, Inc., Senior Secured First Lien, 7.31% (1 mo. SOFR US + 3.00%), 02/10/2031 | 11896763 | 11955117 |
|  |  | 43154796 |
| **TOTAL BANK LOANS** (Cost $272,117,091) | **TOTAL BANK LOANS** (Cost $272,117,091) | 271484530 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 6.3%** | **Par** | **Value** |
| Angel Oak Mortgage Trust LLC | Angel Oak Mortgage Trust LLC | Angel Oak Mortgage Trust LLC |
| &nbsp;&nbsp; Series 2025-1, Class A1, 5.69%, 01/25/2070 <sup>(a)(b)</sup> | 10397683 | 10443338 |
| &nbsp;&nbsp; Series 2025-2, Class A1, 5.64%, 02/25/2070 <sup>(a)(b)</sup> | 10317891 | 10354439 |
| &nbsp;&nbsp; Series 2025-3, Class A1, 5.42%, 03/25/2070 <sup>(a)(b)</sup> | 8293156 | 8296624 |
| &nbsp;&nbsp; Series 2025-4, Class A1, 5.86%, 04/25/2070 <sup>(a)(b)</sup> | 9058311 | 9134604 |
| &nbsp;&nbsp; Series 2025-7, Class A1, 5.51%, 06/25/2070 <sup>(a)(e)</sup> | 7786000 | 7823806 |
| BRAVO Residential Funding Trust | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust |
| &nbsp;&nbsp; Series 2024-NQM5, Class A1, 5.80%, 06/25/2064 <sup>(a)(b)</sup> | 923201 | 927746 |
| &nbsp;&nbsp; Series 2025-NQM1, Class A1, 5.60%, 12/25/2064 <sup>(a)(b)</sup> | 14796495 | 14891728 |
| &nbsp;&nbsp; Series 2025-NQM3, Class A1, 5.57%, 03/25/2065 <sup>(a)(b)</sup> | 7046441 | 7095486 |
| &nbsp;&nbsp; Series 2025-NQM4, Class A1, 5.61%, 02/25/2065 <sup>(a)(b)</sup> | 7157334 | 7212106 |
|  CHI Commercial Mortgage Trust, Series 2025-SFT, Class A, 5.66%, 04/15/2042 <sup>(a)(e)</sup> | 8725000 | 8899140 |
|  COLT 2023-2 Mortgage Loan Trust, Series 2024-1, Class A1, 5.84%, 02/25/2069 <sup>(a)(b)</sup> | 4630736 | 4652434 |
|  Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2025-1, Class MTU, 3.25%, 11/25/2064 | 26769461 | 23239565 |
|  GS Mortgage-Backed Securities Trust, Series 2025-NQM2, Class A1, 5.65%, 06/25/2065 <sup>(a)(e)</sup> | 3600000 | 3616334 |
| JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp; Series 2024-NQM1, Class A1, 5.59%, 02/25/2064 <sup>(a)(b)</sup> | 3869613 | 3893307 |
| &nbsp;&nbsp; Series 2025-NQM1, Class A1, 5.59%, 06/25/2065 <sup>(a)(b)</sup> | 4686046 | 4706569 |
|  LHOME Mortgage Trust, Series 2025-RTL1, Class A1, 5.65%, 01/25/2040 <sup>(a)(b)</sup> | 3500000 | 3513280 |
|  Morgan Stanley Residential Mortgage Loan Trust, Series 2024-NQM5, Class A1, 5.65%, 10/25/2069 <sup>(a)(e)</sup> | 8259599 | 8299460 |
| Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2025-NQM1, Class A1, 5.55%, 12/25/2064 <sup>(a)(e)</sup> | 4640790 | 4660602 |
| &nbsp;&nbsp; Series 2025-NQM10, Class A1, 5.45%, 05/25/2065 <sup>(a)(b)</sup> | 4970849 | 4996531 |
| &nbsp;&nbsp; Series 2025-NQM2, Class A1, 5.60%, 11/25/2064 <sup>(a)(b)</sup> | 12371954 | 12425449 |
| &nbsp;&nbsp; Series 2025-NQM3, Class A1, 5.65%, 12/01/2064 <sup>(a)(b)</sup> | 9248465 | 9305344 |
| &nbsp;&nbsp; Series 2025-NQM4, Class A1, 5.40%, 02/25/2055 <sup>(a)(b)</sup> | 13654164 | 13669509 |
|  PRKCM Trust, Series 2025-HOME1, Class A1A, 5.55%, 02/25/2060 <sup>(a)(b)</sup> | 9182584 | 9227101 |
|  Velocity Commercial Capital Loan Trust 2024-1, Series 2025-1, Class A, 6.03%, 02/25/2055 <sup>(a)(e)</sup> | 2600218 | 2628707 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $192,659,676) | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $192,659,676) | 193913209 |
| **ASSET-BACKED SECURITIES - 5.1%** | **Par** | **Value** |
|  AmeriCredit Automobile Receivables Trust, Series 2021-3, Class C, 1.41%, 08/18/2027 | 3500000 | 3432790 |
|  Crockett Partners Equipment Co. II LLC, Series 2024-2M, Class A, 5.70%, 12/20/2032 <sup>(a)</sup> | 2455743 | 2466278 |
|  Ford Credit Auto Owner Trust, Series 2024-1, Class A, 4.87%, 08/15/2036 <sup>(a)(b)</sup> | 9975000 | 10160350 |
| GM Financial Revolving Receivables Trust | GM Financial Revolving Receivables Trust | GM Financial Revolving Receivables Trust |
| &nbsp;&nbsp; Series 2023-2, Class A, 5.77%, 08/11/2036 <sup>(a)</sup> | 3650000 | 3818598 |
| &nbsp;&nbsp; Series 2024-1, Class A, 4.98%, 12/11/2036 <sup>(a)</sup> | 2000000 | 2041906 |
|  GreenSky LLC, Series 2025-1A, Class A4, 5.22%, 03/25/2060 <sup>(a)</sup> | 1597044 | 1605297 |
| Hilton Grand Vacations, Inc. | Hilton Grand Vacations, Inc. | Hilton Grand Vacations, Inc. |
| &nbsp;&nbsp; Series 2024-2A, Class A, 5.50%, 03/25/2038 <sup>(a)</sup> | 2107209 | 2151363 |
| &nbsp;&nbsp; Series 2024-3A, Class A, 4.98%, 08/27/2040 <sup>(a)</sup> | 1014647 | 1024829 |
| Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. |
| &nbsp;&nbsp; Series 2020-1A, Class A, 1.74%, 10/20/2037 <sup>(a)</sup> | 124678 | 119108 |
| &nbsp;&nbsp; Series 2023-1A, Class A, 4.93%, 10/20/2040 <sup>(a)</sup> | 908518 | 915352 |
|  Mosaic Solar Loans LLC, Series 2025-1A, Class A, 6.12%, 08/22/2050 <sup>(a)</sup> | 2997669 | 2980861 |
|  MVW Owner Trust, Series 2024-2A, Class A, 4.43%, 03/20/2042 <sup>(a)</sup> | 1692834 | 1691655 |
| Navient Student Loan Trust | Navient Student Loan Trust | Navient Student Loan Trust |
| &nbsp;&nbsp; Series 2019-EA, Class A2A, 2.64%, 05/15/2068 <sup>(a)</sup> | 351123 | 343725 |
| &nbsp;&nbsp; Series 2020-2A, Class A1A, 1.32%, 08/26/2069 <sup>(a)</sup> | 1902009 | 1668809 |
| &nbsp;&nbsp; Series 2020-A, Class A2A, 2.46%, 11/15/2068 <sup>(a)</sup> | 385179 | 369964 |
| &nbsp;&nbsp; Series 2020-BA, Class A2, 2.12%, 01/15/2069 <sup>(a)</sup> | 2370537 | 2252919 |
| &nbsp;&nbsp; Series 2020-CA, Class A2A, 2.15%, 11/15/2068 <sup>(a)</sup> | 349979 | 333995 |
| &nbsp;&nbsp; Series 2020-EA, Class A, 1.69%, 05/15/2069 <sup>(a)</sup> | 8267366 | 7719417 |
| &nbsp;&nbsp; Series 2020-FA, Class A, 1.22%, 07/15/2069 <sup>(a)</sup> | 387034 | 360349 |
| &nbsp;&nbsp; Series 2020-GA, Class A, 1.17%, 09/16/2069 <sup>(a)</sup> | 304529 | 283540 |
| &nbsp;&nbsp; Series 2020-HA, Class A, 1.31%, 01/15/2069 <sup>(a)</sup> | 530754 | 496938 |
| &nbsp;&nbsp; Series 2021-1A, Class A1A, 1.31%, 12/26/2069 <sup>(a)</sup> | 1047065 | 871792 |
| &nbsp;&nbsp; Series 2021-A, Class A, 0.84%, 05/15/2069 <sup>(a)</sup> | 392950 | 358020 |
| &nbsp;&nbsp; Series 2021-BA, Class A, 0.94%, 07/15/2069 <sup>(a)</sup> | 1383038 | 1255309 |
| &nbsp;&nbsp; Series 2022-A, Class A, 2.23%, 07/15/2070 <sup>(a)</sup> | 7850325 | 7173027 |
| &nbsp;&nbsp; Series 2022-BA, Class A, 4.16%, 10/15/2070 <sup>(a)</sup> | 11684394 | 11345284 |
| &nbsp;&nbsp; Series 2023-A, Class A, 5.51%, 10/15/2071 <sup>(a)</sup> | 6425626 | 6556112 |
| &nbsp;&nbsp; Series 2024-A, Class A, 5.66%, 10/15/2072 <sup>(a)</sup> | 10721482 | 10882944 |
| &nbsp;&nbsp; Series 2025-A, Class A, 5.02%, 07/15/2055 <sup>(a)</sup> | 1415000 | 1426345 |
|  OneMain Financial Issuance Trust, Series 2022-S1, Class A, 4.13%, 05/14/2035 <sup>(a)</sup> | 2320060 | 2311913 |
|  OWN Tactical Equipment I LLC, Series 2025-1M, Class A, 5.48%, 09/26/2033 <sup>(a)</sup> | 1200000 | 1203700 |
|  Pagaya AI Debt Selection Trust, Series 2025-1, Class B, 5.63%, 07/15/2032 <sup>(a)</sup> | 899923 | 903317 |
|  Pretium Mortgage Credit Partners LLC, Series 2025-RPL1, Class A1, 4.00%, 07/25/2069 <sup>(a)(b)</sup> | 5152955 | 4960317 |
| Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. |
| &nbsp;&nbsp; Series 2022-2, Class B, 3.44%, 09/15/2027 | 151530 | 151422 |
| &nbsp;&nbsp; Series 2022-4, Class B, 4.42%, 11/15/2027 | 827839 | 827092 |
|  SLM Student Loan Trust, Series 2004-3A, Class A6B, 5.17% (90 day avg SOFR US + 0.81%), 10/25/2064 <sup>(a)</sup> | 894893 | 869883 |
| SMB Private Education Loan Trust | SMB Private Education Loan Trust | SMB Private Education Loan Trust |
| &nbsp;&nbsp; Series 2017-A, Class A2A, 2.88%, 09/15/2034 <sup>(a)</sup> | 174151 | 173468 |
| &nbsp;&nbsp; Series 2017-B, Class A2A, 2.82%, 10/15/2035 <sup>(a)</sup> | 361706 | 356533 |
| &nbsp;&nbsp; Series 2018-A, Class A2A, 3.50%, 02/15/2036 <sup>(a)</sup> | 784568 | 772974 |
| &nbsp;&nbsp; Series 2018-B, Class A2A, 3.60%, 01/15/2037 <sup>(a)</sup> | 231512 | 228566 |
| &nbsp;&nbsp; Series 2018-C, Class A2A, 3.63%, 11/15/2035 <sup>(a)</sup> | 333370 | 327663 |
| &nbsp;&nbsp; Series 2019-A, Class A2A, 3.44%, 07/15/2036 <sup>(a)</sup> | 513668 | 505643 |
| &nbsp;&nbsp; Series 2020-A, Class A2A, 2.23%, 09/15/2037 <sup>(a)</sup> | 2178655 | 2092661 |
| &nbsp;&nbsp; Series 2020-B, Class A1A, 1.29%, 07/15/2053 <sup>(a)</sup> | 1006348 | 944745 |
| &nbsp;&nbsp; Series 2021-A, Class A2A2, 5.16% (1 mo. Term SOFR + 0.84%), 01/15/2053 <sup>(a)</sup> | 459232 | 452967 |
| &nbsp;&nbsp; Series 2021-A, Class APT2, 1.07%, 01/15/2053 <sup>(a)</sup> | 2139714 | 1929726 |
| &nbsp;&nbsp; Series 2021-E, Class A1A, 1.68%, 02/15/2051 <sup>(a)</sup> | 1408621 | 1317606 |
| &nbsp;&nbsp; Series 2022-B, Class A1A, 3.94%, 02/16/2055 <sup>(a)</sup> | 7193237 | 7001872 |
| &nbsp;&nbsp; Series 2022-C, Class A1A, 4.48%, 05/16/2050 <sup>(a)</sup> | 1790890 | 1779400 |
| &nbsp;&nbsp; Series 2023-C, Class A1A, 5.67%, 11/15/2052 <sup>(a)</sup> | 2002188 | 2057103 |
| &nbsp;&nbsp; Series 2024-A, Class A1A, 5.24%, 03/15/2056 <sup>(a)</sup> | 6315284 | 6420969 |
| &nbsp;&nbsp; Series 2024-C, Class A1A, 5.50%, 06/17/2052 <sup>(a)</sup> | 6680959 | 6838598 |
| &nbsp;&nbsp; Series 2024-F, Class A1A, 5.06%, 03/16/2054 <sup>(a)</sup> | 9582552 | 9676373 |
| SoFi Professional Loan Program LLC | SoFi Professional Loan Program LLC | SoFi Professional Loan Program LLC |
| &nbsp;&nbsp; Series 2019-C, Class A2FX, 2.37%, 11/16/2048 <sup>(a)</sup> | 488358 | 468098 |
| &nbsp;&nbsp; Series 2020-A, Class A2FX, 2.54%, 05/15/2046 <sup>(a)</sup> | 721085 | 686061 |
| Toyota Auto Loan Extended Note Trust | Toyota Auto Loan Extended Note Trust | Toyota Auto Loan Extended Note Trust |
| &nbsp;&nbsp; Series 2023-1A, Class A, 4.93%, 06/25/2036 <sup>(a)</sup> | 5646000 | 5748496 |
| &nbsp;&nbsp; Series 2025-1A, Class A, 4.65%, 05/25/2038 <sup>(a)</sup> | 3550000 | 3579464 |
|  Verizon Master Trust, Series 2024-7, Class A, 4.35%, 08/20/2032 <sup>(a)</sup> | 6000000 | 5994767 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $156,148,663) | **TOTAL ASSET-BACKED SECURITIES** (Cost $156,148,663) | 156688273 |
| **COLLATERALIZED LOAN OBLIGATIONS - 2.8%** | **Par** | **Value** |
|  Aimco CDO, Series 2019-10A, Class ARR, 5.68% (3 mo. Term SOFR + 1.41%), 07/22/2037 <sup>(a)</sup> | 5000000 | 5017505 |
|  AIMCO CLO Series 2018-B, Series 2018-BA, Class ARR, 5.76% (3 mo. Term SOFR + 1.50%), 04/16/2037 <sup>(a)</sup> | 7000000 | 7026832 |
|  Benefit Street Partners CLO Ltd., Series 2021-25A, Class A1R, 5.26% (3 mo. Term SOFR + 1.00%), 01/15/2035 <sup>(a)</sup> | 1000000 | 1000715 |
|  Carlyle Group, Inc., Series 2014-3RA, Class A2, 6.09% (3 mo. Term SOFR + 1.81%), 07/27/2031 <sup>(a)</sup> | 2000000 | 2006961 |
|  CarVal CLO, Series 2022-1A, Class A1, 5.78% (3 mo. Term SOFR + 1.51%), 04/21/2034 <sup>(a)</sup> | 4000000 | 4009100 |
| Dryden Senior Loan Fund | Dryden Senior Loan Fund | Dryden Senior Loan Fund |
| &nbsp;&nbsp; Series 2017-53A, Class B, 5.92% (3 mo. Term SOFR + 1.66%), 01/15/2031 <sup>(a)</sup> | 1500000 | 1500473 |
| &nbsp;&nbsp; Series 2018-55A, Class C, 6.42% (3 mo. Term SOFR + 2.16%), 04/15/2031 <sup>(a)</sup> | 1000000 | 1002707 |
| &nbsp;&nbsp; Series 2018-64A, Class B, 5.93% (3 mo. Term SOFR + 1.66%), 04/18/2031 <sup>(a)</sup> | 1600000 | 1600886 |
|  Elmwood CLO Ltd., Series 2021-3A, Class BR, 6.02% (3 mo. Term SOFR + 1.75%), 04/20/2034 <sup>(a)</sup> | 5000000 | 5007710 |
|  Magnetite CLO Ltd., Series 2020-27A, Class BR, 6.08% (3 mo. Term SOFR + 1.81%), 10/20/2034 <sup>(a)</sup> | 2300000 | 2305730 |
| Neuberger Berman CLO Ltd. | Neuberger Berman CLO Ltd. | Neuberger Berman CLO Ltd. |
| &nbsp;&nbsp; Series 2013-15A, Class A1R2, 5.44% (3 mo. Term SOFR + 1.18%), 10/15/2029 <sup>(a)</sup> | 1366304 | 1367567 |
| &nbsp;&nbsp; Series 2019-31A, Class AR2, 5.50% (3 mo. Term SOFR + 1.23%), 01/20/2039 <sup>(a)</sup> | 550000 | 550687 |
| &nbsp;&nbsp; Series 2021-43A, Class BR, 5.73% (3 mo. Term SOFR + 1.45%), 07/17/2036 <sup>(a)</sup> | 10000000 | 9946050 |
| &nbsp;&nbsp; Series 2022-49A, Class BR, 5.83% (3 mo. Term SOFR + 1.55%), 07/25/2035 <sup>(a)</sup> | 3000000 | 3005371 |
|  OCP CLO Ltd., Series 2023-29A, Class BR, 5.82% (3 mo. Term SOFR + 1.55%), 01/20/2036 <sup>(a)</sup> | 2750000 | 2751333 |
| Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. |
| &nbsp;&nbsp; Series 2021-4A, Class A2, 5.92% (3 mo. Term SOFR + 1.66%), 10/15/2029 <sup>(a)</sup> | 9700000 | 9735318 |
| &nbsp;&nbsp; Series 2022-4A, Class A2R, 5.58% (3 mo. Term SOFR + 1.30%), 07/24/2031 <sup>(a)</sup> | 6000000 | 6001168 |
| &nbsp;&nbsp; Series 2024-1A, Class A2, 5.71% (3 mo. Term SOFR + 1.45%), 10/15/2032 <sup>(a)</sup> | 5950000 | 5955376 |
| &nbsp;&nbsp; Series 2024-2A, Class A2, 5.71% (3 mo. Term SOFR + 1.45%), 01/15/2033 <sup>(a)</sup> | 12700000 | 12710739 |
|  TIAA CLO Ltd., Series 2018-1A, Class A2R, 6.02% (3 mo. Term SOFR + 1.75%), 01/20/2032 <sup>(a)</sup> | 2000000 | 2004997 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $84,393,069) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $84,393,069) | 84507225 |
| **U.S. GOVERNMENT AGENCY ISSUES - 0.3%** | **Par** | **Value** |
|  SBA Office of Investments and Innovation, Series 2024-10A, Class 1, 5.04%, 03/10/2034 | 9114458 | 9313996 |
| **TOTAL U.S. GOVERNMENT AGENCY ISSUES** (Cost $9,114,458) | **TOTAL U.S. GOVERNMENT AGENCY ISSUES** (Cost $9,114,458) | 9313996 |
| **TOTAL INVESTMENTS - 98.1% (**Cost $3,039,960,776**)** | **TOTAL INVESTMENTS - 98.1% (**Cost $3,039,960,776**)** | 3010350928 |
| Money Market Deposit Account - 1.5% <sup>(f)</sup> | Money Market Deposit Account - 1.5% <sup>(f)</sup> | 47124473 |
| Other Assets in Excess of Liabilities - 0.4% | Other Assets in Excess of Liabilities - 0.4% | 11409827 |
| **TOTAL NET ASSETS - 100.0%** |  | $3068885228 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate |
| USISSO05- 5 Year US Dollar SOFR Swap Rate |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of June 30, 2025, the value of these securities total $706,562,307 or 23.0% of the Fund's net assets.

(b) Step coupon bond. The rate disclosed is as of June 30, 2025.

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

(d) Non-income producing security.

(e) As of June 30, 2025, the Fund had entered into the following commitments to fund various revolving and delayed draw senior
 secured and subordinated loans. Such commitments are subject to the satisfaction of certain conditions set forth in the documents governing these loans and there can be no assurance that such conditions will be satisfied.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Company** | **Investment Type** | **Total revolving and delayed draw loan<br> commitments** | &nbsp;&nbsp;&nbsp; **Less: funded**<br> **commitments** | **Total unfunded**<br> **commitments** |
| Kaman Corp. | First Lien | $689655 | $0 | $689655 |
|  |  | $689655 | $0 | $689655 |

---

(f) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of June 30, 2025.

(g) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on
 market conditions and is subject to change daily. The rate as of June 30, 2025 was 4.20%.

## Nport-Ex

#### Aristotle Funds Series Trust

#### NOTES TO SCHEDULE OF INVESTMENTS

#### As of June 30, 2025 (Unaudited)

Fair Value Measurements and Disclosure

The Trust characterizes its investments as Level 1, Level 2, or Level 3 based upon the various inputs or methodologies used to value the investments. Utilizing the valuation procedures, the Valuation Oversight Committee ("VOC") determines the level in which each investment is characterized. The VOC includes finance, operations, legal, risk and compliance members of the Trust's Adviser, and the Trust's Chief Legal Officer and Chief Compliance Officer. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that a Fund has the ability to access.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing a Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The VOC reviews the valuation procedure periodically (at least annually) to determine the appropriateness of the pricing methodologies used to value each Fund's investments. The VOC also periodically evaluates how the Trust's investments are characterized within the three-tier hierarchy and the appropriateness of third-party pricing sources. The VOC also periodically (at least annually) conducts back-testing of the value of various Level 2 and Level 3 investments to evaluate the effectiveness of the pricing methodologies including the unobservable inputs used to value those investments. Such back-testing includes comparing Level 2 and Level 3 investment values to subsequently available exchange traded prices, transaction prices, and/or observable vendor prices.

The inputs or methodologies used for characterizing each Fund's investments within the three-tier hierarchy are not necessarily an indication of the relative risks associated with investing in those investments. Foreign equity investments that are modified to reflect the estimates of a change in value from the time of the closing valuation in the foreign market until the time of the NYSE close, in accordance with information provided by a foreign fair value service are reflected as Level 2. Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy.

The following is a summary of the inputs used, as of June 30, 2025, in valuing the Funds' assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Aristotle Core Bond Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $53714102 | $– | $53714102 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 39935202 | – | 39935202 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 20917999 | – | 20917999 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 13998490 | – | 13998490 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 8342024 | – | 8342024 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 2633794 | – | 2633794 |
| Total Investments | $– | $139541611 | $– | $139541611 |
| **Aristotle Core Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 544829714 | $– | $– | $544829714 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 5551737 | – | – | 5551737 |
| Total Investments | 550381451 | $– | $– | $550381451 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Aristotle Core Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $1269211685 | $– | $1269211685 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 726043596 | – | 726043596 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 299188414 | – | 299188414 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 271484530 | – | 271484530 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 193913209 | – | 193913209 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 156688273 | – | 156688273 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 84507225 | – | 84507225 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agency Issues | – | 9313996 | – | 9313996 |
| Total Investments | $– | $3010350928 | $– | $3010350928 |
| **Aristotle Floating Rate Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | $– | $3497852471 | $– | $3497852471 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 167425415 | – | – | 167425415 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 165384876 | – | 165384876 |
| Total Investments | $167425415 | $3663237347 | $– | $3830662762 |
| **Aristotle Growth Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $212142753 | – | – | $212142753 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 1265276 | – | – | 1265276 |
| Total Investments | $213408029 | – | – | $213408029 |
| **Aristotle High Yield Bond Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $80394839 | $– | $80394839 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 7045686 | – | 7045686 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 4040159 | – | 4040159 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 178316 | – | – | 178316 |
| Total Investments | $178316 | $91480684 | $– | $91659000 |
| **Aristotle International Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $561708646 | $– | $– | $561708646 |
| Total Investments | $561708646 | $– | $– | $561708646 |
| **Aristotle Pacific EXclusive Fund Series H** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | $– | $2774216 | $– | $2774216 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 457854 | – | 457854 |
| Total Investments | $– | $3232070 | $– | $3232070 |
| **Aristotle Pacific EXclusive Fund Series I** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | $– | $824373 | $– | $824373 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 737766 | – | 737766 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 500375 | – | 500375 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 414611 | – | 414611 |
| Total Investments | $– | $2477125 | $– | $2477125 |
| **Aristotle Portfolio Optimization Aggressive Growth Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $145615629 | $– | $– | 145615629 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 127904625 | – | – | 127904625 |
| Total Investments | $273520254 | $– | $– | 273520254 |
| **Aristotle Portfolio Optimization Conservative Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $99178843 | $– | $– | $99178843 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 25818383 | – | – | 25818383 |
| Total Investments | $124997226 | $– | $– | $124997226 |
| **Aristotle Portfolio Optimization Growth Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $364060973 | $– | $– | $364060973 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 271237893 | – | – | 271237893 |
| Total Investments | $635298866 | $– | $– | $635298866 |
| **Aristotle Portfolio Optimization Moderate Conservative Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $147202226 | $– | $– | $147202226 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 43898018 | – | – | 43898018 |
| Total Investments | $191100244 | $– | $– | $191100244 |
| **Aristotle Portfolio Optimization Moderate Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $480698395 | $– | $– | $480698395 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 198224935 | – | – | 198224935 |
| Total Investments | $678923330 | $– | $– | $678923330 |
| **Aristotle Short Duration Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $529441375 | $– | $529441375 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 143994219 | – | 143994219 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 125347165 | – | 125347165 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 94915269 | – | 94915269 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 69184419 | – | 69184419 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 18507992 | – | 18507992 |
| Total Investments | $– | $981390439 | $– | $981390439 |
| **Aristotle Small Cap Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $129382988 | $– | $– | $129382988 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 8259445 | – | – | 8259445 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 1423768 | – | – | 1423768 |
| Total Investments | $139066201 | $– | $– | $139066201 |
| **Aristotle Small/Mid Cap Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $27574369 | $– | $– | $27574369 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 1497941 | – | – | 1497941 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Closed-End Funds | 261500 | – | – | 261500 |
| Total Investments | $29333810 | $– | $– | $29333810 |
| **Aristotle Strategic Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $2760621789 | $– | $2760621789 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 632347698 | – | 632347698 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 170596162 | – | 170596162 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 151360994 | – | 151360994 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 61980236 | – | 61980236 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 19625241 | – | 19625241 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 1352386 | – | 1352386 |
| Total Investments | $– | $3797884506 | $– | $3797884506 |
| **Aristotle Ultra Short Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $17744980 | $– | $17744980 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 4499989 | – | 4499989 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 4258410 | – | 4258410 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 757060 | – | 757060 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 1499651 | – | 1499651 |
| Total Investments | $– | $28760090 | $– | $28760090 |
| **Aristotle Value Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $539792391 | – | – | $539792391 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 7751919 | – | – | 7751919 |
| Total Investments | $547544310 | – | – | $547544310 |
| **Aristotle/Saul Global Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $29720192 | $– | $– | $29720192 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 572169 | – | – | 572169 |
| Total Investments | $30292361 | $– | $– | $30292361 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Aristotle Fund Series Trust

- **b. Investment Company Act file number:** 811-23850

- **c. CIK number of Registrant:** 0001959372

- **d. LEI of Registrant:** 549300FDPZVU0VTJQB52

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

  - **Street Address 1:** 11000 Santa Monica Blvd

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90025

  - **Telephone number:** 3104784005

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

- **a. Name of Series:** Aristotle Core Income Fund

- **b. EDGAR series identifier (if any):** S000080072

- **c. LEI of Series:** 549300GIGDIUWY2UKS16

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

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

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3087743992.76

**Total Liabilities:** $34900656.75

**Net Assets:** $3052843336.01

**Cash Not Reported:** $1696132.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 22769.534996000000 | **1-Year:** 56869.901600000000 | **5-Year:** 332378.853795000000 | **10-Year:** 802812.224752000000 | **30-Year:** 593906.731253000000

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

- **3-Month:** 112129.978794000000 | **1-Year:** 9925.911170000000 | **5-Year:** 14301.108386000000 | **10-Year:** 4195.822924000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241710 | 0.05%                | -0.14%               | 1.63%                |
| Class ID C000241711 | 0.00%                | -0.31%               | 1.57%                |
| Class ID C000241712 | 0.09%                | -0.11%               | 1.67%                |
| Class ID C000241713 | 0.08%                | -0.11%               | 1.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1326285.60             | $-9397635.76                               |
| Month 2  | $-5503976.85             | $-10762212.66                              |
| Month 3  | $-211514.07              | $37666895.02                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HOST HOTELS & RESORTS LP       | Host Hotels & Resorts LP                                                         | CUSIP: 44107TBA3<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |   5400000 | PA      | $4734975.10   | 0.16%             | 2031-12-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING         | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7180544.49   | 0.24%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust           | Verizon Master Trust                                                             | CUSIP: 92348KDJ9<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $5994767.40   | 0.20%             | 2032-08-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC               | Wand NewCo 3 Inc                                                                 | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |  11327286 | PA      | $11289792.95  | 0.37%             | 2031-01-30      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | Carlyle Global Market Strategies CLO 2014-3-R Ltd                                | CUSIP: 14315LAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2006960.60   | 0.07%             | 2031-07-27      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2024-1 Mortgage Loan Trust                                                  | CUSIP: 19688TAA3<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-MBS          | CORP              | US        |   4630736 | PA      | $4652434.63   | 0.15%             | 2069-02-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA             | Credit Agricole SA                                                               | CUSIP: 22535WAN7<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   4000000 | PA      | $4148458.64   | 0.14%             | 2036-01-09      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| DIAGEO INVESTMENT CORP         | Diageo Investment Corp                                                           | CUSIP: 25245BAE7<br>LEI: S4G8DPIPDVCF6CB81Z61 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1883057.20   | 0.06%             | 2035-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                    | PRKCM 2025-HOME1                                                                 | CUSIP: 69382FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9182584 | PA      | $9227101.20   | 0.30%             | 2060-02-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC            | Quanta Services Inc                                                              | CUSIP: 74762EAL6<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   5200000 | PA      | $5266986.87   | 0.17%             | 2034-08-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                                 | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   7200000 | PA      | $7251802.06   | 0.24%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                     | CUSIP: 902613BQ0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4250000 | PA      | $4347758.76   | 0.14%             | 2036-05-09      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO LLC              | Polaris Newco LLC                                                                | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   3918782 | PA      | $3824339.12   | 0.13%             | 2028-06-05      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO       | Virginia Electric and Power Co                                                   | CUSIP: 927804GS7<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |   7550000 | PA      | $7318751.96   | 0.24%             | 2054-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                 | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5678227.61   | 0.19%             | 2034-07-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                 | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    850000 | PA      | $853606.62    | 0.03%             | 2035-12-03      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP           | Westpac Banking Corp                                                             | CUSIP: 961214FW8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   9700000 | PA      | $9769001.92   | 0.32%             | 2035-11-20      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| HIGH STREET FD TRUST III       | High Street Funding Trust III                                                    | CUSIP: 42981FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4662149.76   | 0.15%             | 2055-02-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                              | CUSIP: 46647PDY9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4348965.76   | 0.14%             | 2034-10-23      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust           | LHOME Mortgage Trust 2025-RTL1                                                   | CUSIP: 50205UAA9<br>LEI: 5299002NGIWITLMXOH85 | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3513280.40   | 0.12%             | 2040-01-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                                 | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1872424.26   | 0.06%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                     | Kaman Corp                                                                       | CUSIP: N/A<br>LEI: 5493003YK076OLTEQF95       | Long             | LON              | CORP              | US        |   1095448 | PA      | $1095535.91   | 0.04%             | 2032-02-26      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                     | Kaman Corp                                                                       | CUSIP: N/A<br>LEI: 5493003YK076OLTEQF95       | Long             | LON              | CORP              | US        |    797103 | PA      | $797167.22    | 0.03%             | 2032-02-26      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| PEACHTREE FUND TRUST II        | Peachtree Corners Funding Trust II                                               | CUSIP: 70470BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4409155.11   | 0.14%             | 2035-05-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| PG&E ENERGY RECOVERY FND       | PG&E Energy Recovery Funding LLC                                                 | CUSIP: 71710TAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2400000 | PA      | $1940261.21   | 0.06%             | 2036-01-15      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| PG&E RECOVERY FND LLC          | PG&E Recovery Funding LLC                                                        | CUSIP: 71710TAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12000000 | PA      | $11836953.36  | 0.39%             | 2049-06-01      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS          | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3278828.85   | 0.11%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                 | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3325000 | PA      | $3390352.88   | 0.11%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29000000 | PA      | $26462500.00  | 0.87%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19500000 | PA      | $18847968.75  | 0.62%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27000000 | PA      | $26438906.25  | 0.87%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912828ZQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9000000 | PA      | $7745273.46   | 0.25%             | 2030-05-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36000000 | PA      | $36990000.00  | 1.21%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-G                                 | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    304529 | PA      | $283539.82    | 0.01%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2025-4                                                  | CUSIP: 034935AA4<br>LEI: 254900VBIBOATGC48K85 | Long             | ABS-MBS          | CORP              | US        |   9058311 | PA      | $9134603.67   | 0.30%             | 2070-04-25      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers Clo 43 Ltd                                        | CUSIP: 64134AAL6<br>LEI: 549300N83MM16HCONB28 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9946050.00   | 0.33%             | 2036-07-17      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 49 Ltd                                        | CUSIP: 64135JAN2<br>LEI: 549300IN02DS1MN5HW62 | Long             | ABS-CBDO         | CORP              | JE        |   3000000 | PA      | $3005371.20   | 0.10%             | 2035-07-25      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| NVENT FINANCE SARL             | nVent Finance Sarl                                                               | CUSIP: 67078AAE3<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | CORP              | LU        |   4300000 | PA      | $3742717.46   | 0.12%             | 2031-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM4 Trust                                                              | CUSIP: 67120QAA4<br>LEI: 254900IAVXYLOCPK6W54 | Long             | ABS-MBS          | CORP              | US        |  13654164 | PA      | $13669508.78  | 0.45%             | 2055-02-25      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM3 Trust                                                              | CUSIP: 67448YAC8<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-MBS          | CORP              | US        |   9248465 | PA      | $9305344.14   | 0.30%             | 2064-12-01      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                     | PacifiCorp                                                                       | CUSIP: 695114DC9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7213590.58   | 0.24%             | 2031-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2021-4 Ltd                                            | CUSIP: 69702HAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9700000 | PA      | $9735317.70   | 0.32%             | 2029-10-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2024-2 Ltd                                            | CUSIP: 69703RAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  12700000 | PA      | $12710739.12  | 0.42%             | 2033-01-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2021-A                                          | CUSIP: 78448YAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    459232 | PA      | $452967.26    | 0.01%             | 2053-01-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2019-A                                          | CUSIP: 78449TAB7<br>LEI: 549300WEYOS38NWU8D22 | Long             | ABS-O            | CORP              | US        |    513668 | PA      | $505642.67    | 0.02%             | 2036-07-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                               | CUSIP: 3618N5C49<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  16079135 | PA      | $15402733.55  | 0.50%             | 2054-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   6350000 | PA      | $6275889.34   | 0.21%             | 2035-10-23      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2020-A                                          | CUSIP: 78449UAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2178655 | PA      | $2092661.51   | 0.07%             | 2037-09-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2021-E                                          | CUSIP: 78450MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1408621 | PA      | $1317605.94   | 0.04%             | 2051-02-15      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4900000 | PA      | $5024614.55   | 0.16%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $3560001.99   | 0.12%             | 2032-07-21      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| SEMPRA                         | Sempra                                                                           | CUSIP: 816851BH1<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $4969990.38   | 0.16%             | 2038-02-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Small Business Administration  | SBA Small Business Investment Cos                                                | CUSIP: 831641FX8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   9114458 | PA      | $9313996.17   | 0.31%             | 2034-03-10      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6500000 | PA      | $3206835.97   | 0.11%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4904882.80   | 0.16%             | 2044-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2017-B                                          | CUSIP: 83189DAB6<br>LEI: 549300NWENTZ8X7JUC78 | Long             | ABS-O            | CORP              | US        |    361706 | PA      | $356532.89    | 0.01%             | 2035-10-15      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2024-A                                          | CUSIP: 831943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6315284 | PA      | $6420968.53   | 0.21%             | 2056-03-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27000000 | PA      | $24912773.37  | 0.82%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2022-B                                          | CUSIP: 83206NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7193237 | PA      | $7001871.97   | 0.23%             | 2055-02-16      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr | SoFi Professional Loan Program 2020-ATrust                                       | CUSIP: 83406TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    721085 | PA      | $686061.26    | 0.02%             | 2046-05-15      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO             | Sonoco Products Co                                                               | CUSIP: 835495AS1<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |   9100000 | PA      | $8857198.99   | 0.29%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ELEC POWER        | Southwestern Electric Power Co                                                   | CUSIP: 845437BU5<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5049475.20   | 0.17%             | 2033-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP              | State Street Corp                                                                | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |   2000000 | PA      | $2039808.00   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| TIAA CLO Ltd                   | TIAA CLO IV Ltd                                                                  | CUSIP: 88631YAQ0<br>LEI: 5493000Q4E256SBMCY29 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2004996.80   | 0.07%             | 2032-01-20      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                     | CUSIP: 902613BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   9450000 | PA      | $9972235.35   | 0.33%             | 2031-04-12      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14000000 | PA      | $10110078.16  | 0.33%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34000000 | PA      | $30380859.46  | 1.00%             | 2053-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40000000 | PA      | $39067187.60  | 1.28%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP             | VICI Properties LP                                                               | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2392658.90   | 0.08%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP             | VICI Properties LP                                                               | CUSIP: 925650AH6<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7013591.20   | 0.23%             | 2031-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                 | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $6298908.07   | 0.21%             | 2036-04-23      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE         | Westinghouse Air Brake Technologies Corp                                         | CUSIP: 960386AT7<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |  10350000 | PA      | $10504701.86  | 0.34%             | 2035-05-29      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDICOR LLC                    | Indicor LLC                                                                      | CUSIP: 77669LAK9<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |   7695524 | PA      | $7689752.48   | 0.25%             | 2029-11-23      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC       | TK Elevator US Newco Inc                                                         | CUSIP: N/A<br>LEI: 549300C2AFWPAYWS5574       | Long             | LON              | CORP              | US        |   2365602 | PA      | $2374472.93   | 0.08%             | 2030-04-30      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman CLO XV                                                          | CUSIP: 64129KBE6<br>LEI: 549300UTI4Y2IA4RUP16 | Long             | ABS-CBDO         | CORP              | KY        |   1366304 | PA      | $1367567.08   | 0.04%             | 2029-10-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| OCP Aegis CLO Ltd              | OCP Aegis CLO 2023-29 Ltd                                                        | CUSIP: 67118BAQ6<br>LEI: 2138009EGVOGD3J5GI42 | Long             | ABS-CBDO         | CORP              | JE        |   2750000 | PA      | $2751332.65   | 0.09%             | 2036-01-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM1 Trust                                                              | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-MBS          | CORP              | US        |   4640790 | PA      | $4660601.77   | 0.15%             | 2064-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   8100000 | PA      | $8133150.95   | 0.27%             | 2056-01-31      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Aimco                          | AIMCO CLO Series 2018-B                                                          | CUSIP: 00900PAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7026831.70   | 0.23%             | 2037-04-16      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER MEXICO         | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | CUSIP: 05969BAF0<br>LEI: SCRYQ25DTVRHYYMM6P89 | Long             | DBT              | CORP              | MX        |   6400000 | PA      | $6534400.00   | 0.21%             | 2029-12-10      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                  | Boeing Co/The                                                                    | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    700000 | PA      | $766982.94    | 0.03%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC        | Booz Allen Hamilton Inc                                                          | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4851703.50   | 0.16%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MPLX LP                        | MPLX LP                                                                          | CUSIP: 55336VBT6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1450416.66   | 0.05%             | 2052-03-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC              | National Grid PLC                                                                | CUSIP: 636274AE2<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | DBT              | CORP              | GB        |   3950000 | PA      | $4153664.25   | 0.14%             | 2033-06-12      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust         | SLM Student Loan Trust 2004-3                                                    | CUSIP: 78442GLL8<br>LEI: 549300YK6GOQU7FJ5N55 | Long             | ABS-MBS          | CORP              | US        |    894893 | PA      | $869883.21    | 0.03%             | 2064-10-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2017-A                                          | CUSIP: 78448WAB1<br>LEI: 5493000RGRVHYZAIY180 | Long             | ABS-O            | CORP              | US        |    174151 | PA      | $173468.40    | 0.01%             | 2034-09-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SEMPRA                         | Sempra                                                                           | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1920784.61   | 0.06%             | 2054-10-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| SEMPRA                         | Sempra                                                                           | CUSIP: 816851BT5<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   7100000 | PA      | $6757969.57   | 0.22%             | 2054-10-01      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2024-F                                          | CUSIP: 83207VAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9582552 | PA      | $9676373.02   | 0.32%             | 2054-03-16      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                    | CUSIP: 17327CAU7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2914972.05   | 0.10%             | 2039-09-19      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                               | CUSIP: 36179XBR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  14578129 | PA      | $12911130.74  | 0.42%             | 2052-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP       | Host Hotels & Resorts LP                                                         | CUSIP: 44107TBB1<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6041686.50   | 0.20%             | 2034-07-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                     | Intel Corp                                                                       | CUSIP: 458140BM1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   4900000 | PA      | $4001236.02   | 0.13%             | 2050-03-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO       | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                       | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   7660000 | PA      | $8366941.40   | 0.27%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                                             | CUSIP: 49271VBB5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |  12820000 | PA      | $12798147.54  | 0.42%             | 2035-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                      | CUSIP: 68389XCV5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  12750000 | PA      | $11622002.40  | 0.38%             | 2064-09-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2025-RPL1 Trust                                                             | CUSIP: 69392FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5152955 | PA      | $4960317.10   | 0.16%             | 2069-07-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2022-4 Ltd                                            | CUSIP: 69702YAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $6001168.20   | 0.20%             | 2031-07-24      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                    | Paychex Inc                                                                      | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4550206.98   | 0.15%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS            | Petroleos Mexicanos                                                              | CUSIP: 71654QCB6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   7750000 | PA      | $7756603.00   | 0.25%             | 2026-08-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS            | Petroleos Mexicanos                                                              | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3625000 | PA      | $3602081.30   | 0.12%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2022-4                                    | CUSIP: 80286FAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    827839 | PA      | $827091.57    | 0.03%             | 2027-11-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10500000 | PA      | $5845546.88   | 0.19%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC BORROWER      | Hilton Grand Vacations Borrower LLC                                              | CUSIP: 43283LAH4<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |   2484439 | PA      | $2486575.68   | 0.08%             | 2028-08-02      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| PROAMPAC PG BORROWER LLC       | Proampac PG Borrower LLC                                                         | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   2888779 | PA      | $2903584.29   | 0.10%             | 2028-09-15      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| GRANT THORNTON ADVISORS        | Grant Thornton Advisors LLC                                                      | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |   7603444 | PA      | $7606295.04   | 0.25%             | 2031-05-30      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD          | HUB International Ltd                                                            | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   8530492 | PA      | $8565637.56   | 0.28%             | 2030-06-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                     | Kaman Corp                                                                       | CUSIP: N/A<br>LEI: 5493003YK076OLTEQF95       | Long             | LON              | CORP              | US        |    799034 | PA      | $799098.40    | 0.03%             | 2032-02-26      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                     | Kaman Corp                                                                       | CUSIP: N/A<br>LEI: 5493003YK076OLTEQF95       | Long             | LON              | CORP              | US        |    689655 | PA      | $689710.34    | 0.02%             | 2032-02-26      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                                | CUSIP: 404280EV7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4800000 | PA      | $4830148.80   | 0.16%             | 2031-08-27      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                     | PacifiCorp                                                                       | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   5850000 | PA      | $6096053.16   | 0.20%             | 2055-09-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                                | CUSIP: 404280EX3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $5144596.85   | 0.17%             | 2036-05-13      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                     | Intel Corp                                                                       | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4656637.95   | 0.15%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2025-NQM1                                        | CUSIP: 46593QAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4686046 | PA      | $4706569.24   | 0.15%             | 2065-06-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                              | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  12750000 | PA      | $12979925.72  | 0.43%             | 2035-07-22      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| JBS USA SARL/FOOD/GRP          | JBS USA LUX Sarl / JBS USA Food Co / JBS USA Foods Group                         | CUSIP: 472140AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7600000 | PA      | $7881048.00   | 0.26%             | 2035-04-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9500000 | PA      | $6688593.75   | 0.22%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $29696484.30  | 0.97%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  48500000 | PA      | $48674296.88  | 1.59%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP               | Ventas Realty LP                                                                 | CUSIP: 92277GBA4<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   6400000 | PA      | $6294380.42   | 0.21%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC          | Rio Tinto Finance USA PLC                                                        | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   3400000 | PA      | $3461306.79   | 0.11%             | 2035-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   4000000 | PA      | $4026936.36   | 0.13%             | 2031-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2018-A                                          | CUSIP: 78449PAB5<br>LEI: 549300QHI21JZK7YIR34 | Long             | ABS-O            | CORP              | US        |    784568 | PA      | $772974.27    | 0.03%             | 2036-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2022-2                                    | CUSIP: 80286MAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    151530 | PA      | $151422.31    | 0.00%             | 2027-09-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2025-3                                                  | CUSIP: 03466RAA9<br>LEI: 254900U85BAJNPG0MG65 | Long             | ABS-MBS          | CORP              | US        |   8293156 | PA      | $8296624.15   | 0.27%             | 2070-03-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2025-1                                                  | CUSIP: 034934AA7<br>LEI: 254900HC0S1X9R2JZB30 | Long             | ABS-MBS          | CORP              | US        |  10397683 | PA      | $10443337.83  | 0.34%             | 2070-01-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS         | BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico        | CUSIP: 072912AA6<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |   1150000 | PA      | $1183695.00   | 0.04%             | 2035-02-11      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2024-NQM5                                        | CUSIP: 105925AA9<br>LEI: 254900RBHU9OC1RNXD92 | Long             | ABS-MBS          | CORP              | US        |    923201 | PA      | $927746.25    | 0.03%             | 2064-06-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | Capital One Financial Corp                                                       | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  10600000 | PA      | $10796104.56  | 0.35%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                 | CarVal CLO VI-C Ltd                                                              | CUSIP: 14686FAA6<br>LEI: 254900QBAWTE1ZDDLS52 | Long             | ABS-CBDO         | CORP              | JE        |   4000000 | PA      | $4009100.00   | 0.13%             | 2034-04-21      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP       | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3266739.54   | 0.11%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust                                                 | CUSIP: 78449XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1006348 | PA      | $944744.56    | 0.03%             | 2053-07-15      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                                 | CUSIP: 87264ACV5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3057219.90   | 0.10%             | 2033-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note | Toyota Auto Loan Extended Note Trust 2025-1                                      | CUSIP: 891950AA5<br>LEI: 254900QVX5SBHB37FT67 | Long             | ABS-O            | CORP              | US        |   3550000 | PA      | $3579463.58   | 0.12%             | 2038-05-25      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                     | CUSIP: 902613BN7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3500000 | PA      | $3524111.50   | 0.12%             | 2029-09-10      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2023-1 A PTT        | United Airlines 2023-1 Class A Pass Through Trust                                | CUSIP: 90932LAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7670216 | PA      | $7796616.68   | 0.26%             | 2036-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2024-1 AA PTT       | United Airlines 2024-1 Class AA Pass Through Trust                               | CUSIP: 90932WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2279984 | PA      | $2290918.30   | 0.08%             | 2037-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22000000 | PA      | $14612812.50  | 0.48%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC          | Caesars Entertainment Inc                                                        | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   8002557 | PA      | $8007598.29   | 0.26%             | 2031-02-06      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP         | Aviation Capital Group LLC                                                       | CUSIP: 05369AAS0<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3534866.13   | 0.12%             | 2030-04-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP LP           | Kite Realty Group LP                                                             | CUSIP: 49803XAG8<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1715699.79   | 0.06%             | 2032-08-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                         | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4192734.59   | 0.14%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                   | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  14150000 | PA      | $12027622.68  | 0.39%             | 2036-09-16      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE       | Northwestern Mutual Life Insurance Co/The                                        | CUSIP: 668138AF7<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |   8300000 | PA      | $8674354.15   | 0.28%             | 2055-05-29      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| NVENT FINANCE SARL             | nVent Finance Sarl                                                               | CUSIP: 67078AAF0<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | CORP              | LU        |   4350000 | PA      | $4433430.17   | 0.15%             | 2033-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM2 Trust                                                              | CUSIP: 67120VAA3<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-MBS          | CORP              | US        |  12371954 | PA      | $12425448.66  | 0.41%             | 2064-11-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESORTS     | Marriott Ownership Resorts Inc                                                   | CUSIP: 57163KAJ7<br>LEI: BW4532OH033VURR0IT68 | Long             | LON              | CORP              | US        |   4186278 | PA      | $4196743.90   | 0.14%             | 2031-04-01      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME          | Six Flags Entertainment Corp                                                     | CUSIP: 15018LAN1<br>LEI: 529900AS2CYWYFHRS781 | Long             | LON              | CORP              | US        |   5398807 | PA      | $5410278.99   | 0.18%             | 2031-05-01      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE       | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05962GAJ8<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   1324000 | PA      | $1320288.83   | 0.04%             | 2028-01-10      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE       | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAD0<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   9700000 | PA      | $9837061.00   | 0.32%             | 2031-05-20      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                             | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15006952.50  | 0.49%             | 2035-10-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS         | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 07336UAB9<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |   7000000 | PA      | $7240233.00   | 0.24%             | 2039-01-08      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CBL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14000000 | PA      | $12116562.50  | 0.40%             | 2031-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23000000 | PA      | $23365664.12  | 0.77%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CKW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $4074843.76   | 0.13%             | 2031-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3800000 | PA      | $3836218.75   | 0.13%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                               | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   1650000 | PA      | $1661497.08   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                               | CUSIP: 29273VBA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6604758.42   | 0.22%             | 2034-09-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                               | CUSIP: 29273VBE9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4350000 | PA      | $4432804.60   | 0.15%             | 2035-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP         | Extra Space Storage LP                                                           | CUSIP: 30225VAS6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   5800000 | PA      | $5893985.40   | 0.19%             | 2034-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 3140XGAC3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5420521 | PA      | $5089730.14   | 0.17%             | 2043-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2022-B                                 | CUSIP: 63942PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11684394 | PA      | $11345284.39  | 0.37%             | 2070-10-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                   | NiSource Inc                                                                     | CUSIP: 65473PAQ8<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5086469.25   | 0.17%             | 2034-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru | OneMain Financial Issuance Trust 2022-S1                                         | CUSIP: 68267HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2320060 | PA      | $2311913.19   | 0.08%             | 2035-05-14      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC         | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |   5000000 | PA      | $4865744.00   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-1                                              | CUSIP: 69544NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    899923 | PA      | $903316.68    | 0.03%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PROAMPAC PG BORROWER LLC       | Proampac PG Borrower LLC                                                         | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   4484835 | PA      | $4507819.60   | 0.15%             | 2028-09-15      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust   | Navient Education Loan Trust 2025-A                                              | CUSIP: 63943EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1415000 | PA      | $1426344.69   | 0.05%             | 2055-07-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                 | CUSIP: 3132DWD67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15459336 | PA      | $13408227.79  | 0.44%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418EV98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10087954 | PA      | $10272481.48  | 0.34%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                         | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1713606.94   | 0.06%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                  | J M Smucker Co/The                                                               | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |   5600000 | PA      | $6013390.54   | 0.20%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP           | Targa Resources Corp                                                             | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   6850000 | PA      | $7364555.35   | 0.24%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TEXAS ELECTRIC MKT STABL       | Texas Electric Market Stabilization Funding N LLC                                | CUSIP: 88240TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1624055 | PA      | $1609601.27   | 0.05%             | 2034-08-01      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-1 AA PTT       | United Airlines 2019-1 Class AA Pass Through Trust                               | CUSIP: 90931CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    821980 | PA      | $780345.90    | 0.03%             | 2031-08-25      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16500000 | PA      | $10083691.37  | 0.33%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS          | Universal Health Services Inc                                                    | CUSIP: 913903BB5<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   7200000 | PA      | $7121117.02   | 0.23%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED          | Vale Overseas Ltd                                                                | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $2951306.70   | 0.10%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                 | CUSIP: 95000U3K7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  13825000 | PA      | $14183322.71  | 0.46%             | 2035-01-23      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC               | Welltower OP LLC                                                                 | CUSIP: 95041AAG3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1657073.55   | 0.05%             | 2035-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE       | Northwestern Mutual Life Insurance Co/The                                        | CUSIP: 668138AA8<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $3522881.39   | 0.12%             | 2047-09-30      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                     | PacifiCorp                                                                       | CUSIP: 695114DA3<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1841675.48   | 0.06%             | 2054-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2018-1 AA PTT       | United Airlines 2018-1 Class AA Pass Through Trust                               | CUSIP: 909318AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9490039 | PA      | $8925133.97   | 0.29%             | 2030-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810RZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1422812.50   | 0.05%             | 2047-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $10997343.72  | 0.36%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10016406.20  | 0.33%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS          | Universal Health Services Inc                                                    | CUSIP: 913903BA7<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   3325000 | PA      | $2823932.71   | 0.09%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8081000 | PA      | $7942461.52   | 0.26%             | 2029-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7692825.00   | 0.25%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER        | American Electric Power Co Inc                                                   | CUSIP: 025537AX9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4888341.60   | 0.16%             | 2033-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL         | American International Group Inc                                                 | CUSIP: 026874DX2<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   9920000 | PA      | $10177806.91  | 0.33%             | 2035-05-07      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                               | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4984637.86   | 0.16%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                 | CUSIP: 3132DWG98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4942708 | PA      | $4953341.11   | 0.16%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                 | CUSIP: 3132DWHV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2640056 | PA      | $2737430.75   | 0.09%             | 2053-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 3140XJQC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6288846 | PA      | $6239327.06   | 0.20%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418EVA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  19111985 | PA      | $19465977.94  | 0.64%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418EWA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3558833 | PA      | $3690139.16   | 0.12%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F | Ford Credit Auto Owner Trust 2024-REV1                                           | CUSIP: 34533BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9975000 | PA      | $10160350.46  | 0.33%             | 2036-08-15      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO I       | Dynasty Acquisition Co Inc                                                       | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |   1015409 | PA      | $1017018.74   | 0.03%             | 2031-10-31      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS NC        | Duke Energy Progress NC Storm Funding LLC                                        | CUSIP: 26444BAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5350000 | PA      | $4455145.41   | 0.15%             | 2037-07-01      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL           | Edison International                                                             | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   7750000 | PA      | $7505058.15   | 0.25%             | 2053-06-15      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                    | Exelon Corp                                                                      | CUSIP: 30161NBN0<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   7850000 | PA      | $8059565.17   | 0.26%             | 2034-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16000000 | PA      | $13055000.00  | 0.43%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $18664843.80  | 0.61%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  72300000 | PA      | $74615859.38  | 2.44%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc                                                       | CUSIP: 92343VGK4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3087097.00   | 0.10%             | 2041-03-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC         | Williams Cos Inc/The                                                             | CUSIP: 969457CS7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3305160.01   | 0.11%             | 2035-09-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2024-NQM1                                        | CUSIP: 465983AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3869613 | PA      | $3893307.09   | 0.13%             | 2064-02-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                              | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $11878898.28  | 0.39%             | 2035-10-22      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                              | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   5750000 | PA      | $5952825.50   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                                         | CUSIP: 53944YBB8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   5900000 | PA      | $5787782.59   | 0.19%             | 2031-09-27      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                         | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   7100000 | PA      | $7188610.91   | 0.24%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                    | MetLife Inc                                                                      | CUSIP: 59156RCQ9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $3034597.15   | 0.10%             | 2055-03-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                     | Kaman Corp                                                                       | CUSIP: N/A<br>LEI: 5493003YK076OLTEQF95       | Long             | LON              | CORP              | US        |    797103 | PA      | $797167.22    | 0.03%             | 2032-02-26      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                             | CUSIP: 06051GKL2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8238482.28   | 0.27%             | 2037-03-08      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN       | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  12000000 | PA      | $11699803.20  | 0.38%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC                 | 1011778 BC ULC                                                                   | CUSIP: C6901LAM9<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |   7925000 | PA      | $7901066.50   | 0.26%             | 2030-09-23      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 21-1B PTT         | American Airlines 2021-1 Class B Pass Through Trust                              | CUSIP: 02376LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1007500 | PA      | $950130.43    | 0.03%             | 2030-07-11      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-2 AA PTT         | American Airlines 2015-2 Class AA Pass Through Trust                             | CUSIP: 02377BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4359471 | PA      | $4243345.78   | 0.14%             | 2027-09-22      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva | AmeriCredit Automobile Receivables Trust 2021-3                                  | CUSIP: 03066JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3432790.20   | 0.11%             | 2027-08-18      | Fixed         | 1.41%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC            | Elevance Health Inc                                                              | CUSIP: 036752BA0<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   5830000 | PA      | $5608427.18   | 0.18%             | 2054-06-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST         | Commonwealth Bank of Australia                                                   | CUSIP: 202712BX2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   4000000 | PA      | $3931742.96   | 0.13%             | 2046-03-14      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 53 CLO Ltd                                                                | CUSIP: 26243EAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500472.80   | 0.05%             | 2031-01-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                 | CUSIP: 3132DWF57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3147999 | PA      | $3101740.87   | 0.10%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                 | CUSIP: 3132DWHG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3316492 | PA      | $3323199.19   | 0.11%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418EW48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3092885 | PA      | $3149459.59   | 0.10%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP           | Wrangler Holdco Corp                                                             | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4375774.28   | 0.14%             | 2032-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   7950000 | PA      | $7068523.24   | 0.23%             | 2032-04-22      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                                     | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   4600000 | PA      | $4703938.98   | 0.15%             | 2036-02-25      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt | Benefit Street Partners CLO XXV Ltd                                              | CUSIP: 08186YAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000715.30   | 0.03%             | 2035-01-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 20-1 A PTT         | British Airways 2020-1 Class A Pass Through Trust                                | CUSIP: 11044MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1809181 | PA      | $1741157.02   | 0.06%             | 2032-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC              | CBRE Services Inc                                                                | CUSIP: 12505BAJ9<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |   8350000 | PA      | $8379666.55   | 0.27%             | 2030-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CHI Commercial Mortgage Trust  | CHI Commercial Mortgage Trust 2025-SFT                                           | CUSIP: 16706GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8725000 | PA      | $8899139.66   | 0.29%             | 2042-04-15      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE          | Nippon Life Insurance Co                                                         | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |   4600000 | PA      | $4765305.60   | 0.16%             | 2055-04-30      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                      | Block Inc                                                                        | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4590216.45   | 0.15%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                                    | CUSIP: P2121YAY4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | LON              | CORP              | PA        |    513000 | PA      | $514041.39    | 0.02%             | 2028-10-18      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                               | CUSIP: 36179YHT4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6932090 | PA      | $7075199.50   | 0.23%             | 2053-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GA95<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   8150000 | PA      | $8550614.39   | 0.28%             | 2035-04-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2024-2                                              | CUSIP: 43283JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2107209 | PA      | $2151362.59   | 0.07%             | 2038-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP             | Regal Rexnord Corp                                                               | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5281894.80   | 0.17%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC         | Roper Technologies Inc                                                           | CUSIP: 776696AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |  10500000 | PA      | $10359711.60  | 0.34%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2018-B                                          | CUSIP: 78449LAB4<br>LEI: 549300INMCHM7L5O6M41 | Long             | ABS-O            | CORP              | US        |    231512 | PA      | $228565.90    | 0.01%             | 2037-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION MOLDING        | Husky Injection Molding Systems Ltd                                              | CUSIP: C8856UAE8<br>LEI: 5493003ZDHRVP2N4C109 | Long             | LON              | CORP              | CA        |   5536439 | PA      | $5558169.62   | 0.18%             | 2029-02-15      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA       | SeaWorld Parks & Entertainment Inc                                               | CUSIP: 78488CAL4<br>LEI: 549300UZV72O3371JJ53 | Long             | LON              | CORP              | US        |   4998224 | PA      | $5001347.47   | 0.16%             | 2031-12-04      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| WHATABRANDS LLC                | Whatabrands LLC                                                                  | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |  14925000 | PA      | $14948282.99  | 0.49%             | 2028-08-03      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 3140XKHB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4661704 | PA      | $4534882.79   | 0.15%             | 2050-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418ET75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  19943039 | PA      | $20312423.81  | 0.67%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418FDH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  20688179 | PA      | $21054617.51  | 0.69%             | 2044-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FISERV INC                     | Fiserv Inc                                                                       | CUSIP: 337738BN7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |  11600000 | PA      | $11648399.26  | 0.38%             | 2034-08-12      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO       | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                       | CUSIP: 46590XAY2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    727000 | PA      | $747752.22    | 0.02%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC           | Kyndryl Holdings Inc                                                             | CUSIP: 50155QAL4<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $5873199.61   | 0.19%             | 2031-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER        | Laboratory Corp of America Holdings                                              | CUSIP: 50540RBB7<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |   9550000 | PA      | $9340475.01   | 0.31%             | 2034-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                                         | CUSIP: 539439BE8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $514265.65    | 0.02%             | 2036-06-13      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXVII Ltd                                                              | CUSIP: 55955EAN8<br>LEI: 5493003N6WY184N72D84 | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2305729.99   | 0.08%             | 2034-10-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                   | NiSource Inc                                                                     | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   4850000 | PA      | $5060819.75   | 0.17%             | 2054-11-30      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| PIEDMONT NATURAL GAS CO        | Piedmont Natural Gas Co Inc                                                      | CUSIP: 720186AP0<br>LEI: VXB4M3BDPKF3I2AZ3G89 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1550761.40   | 0.05%             | 2052-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| US BANK MMDA - USBGFS 9        | US BANK MMDA - USBGFS 9                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  44647047 | NS      | $44647046.74  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11500000 | PA      | $10495097.69  | 0.34%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26900000 | PA      | $26664625.00  | 0.87%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4996289.05   | 0.16%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34000000 | PA      | $33492656.08  | 1.10%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                  | CoreLogic Inc                                                                    | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |   8848027 | PA      | $8769234.88   | 0.29%             | 2028-06-02      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP            | Medline Borrower LP                                                              | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   4447859 | PA      | $4457978.23   | 0.15%             | 2028-10-23      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| FLUTTER FINANCING BV           | Flutter Financing BV                                                             | CUSIP: N3313EAG5<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   5406250 | PA      | $5399492.19   | 0.18%             | 2030-11-29      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                     | Kaman Corp                                                                       | CUSIP: N/A<br>LEI: 5493003YK076OLTEQF95       | Long             | LON              | CORP              | US        |   1095448 | PA      | $1095535.91   | 0.04%             | 2032-02-26      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 3140XML79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  17150129 | PA      | $17736058.47  | 0.58%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MPLX LP                        | MPLX LP                                                                          | CUSIP: 55336VBW9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   4850000 | PA      | $4458076.45   | 0.15%             | 2053-03-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2019-E                                 | CUSIP: 63941MAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    351123 | PA      | $343724.71    | 0.01%             | 2068-05-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2024-A                                 | CUSIP: 63943CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10721482 | PA      | $10882944.14  | 0.36%             | 2072-10-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| ATLAS WAREHOUSE LEND           | Atlas Warehouse Lending Co LP                                                    | CUSIP: 049463AE2<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |  10750000 | PA      | $10868545.20  | 0.36%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                | BAE Systems PLC                                                                  | CUSIP: 05523RAL1<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   7550000 | PA      | $7722193.83   | 0.25%             | 2034-03-26      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART         | Brixmor Operating Partnership LP                                                 | CUSIP: 11120BAA5<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7711089.83   | 0.25%             | 2035-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC              | Brown & Brown Inc                                                                | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   6050000 | PA      | $6171714.32   | 0.20%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co                                                    | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |  10300000 | PA      | $9995831.32   | 0.33%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP              | Hyatt Hotels Corp                                                                | CUSIP: 448579AT9<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3702888.28   | 0.12%             | 2031-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| KEYSPAN GAS EAST CORP          | KeySpan Gas East Corp                                                            | CUSIP: 49338CAC7<br>LEI: K8TS3HOE1568DUBUJL44 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $1888626.29   | 0.06%             | 2052-01-18      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC       | Liberty Mutual Group Inc                                                         | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $2211852.00   | 0.07%             | 2061-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC       | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd        | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1803486.60   | 0.06%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                   | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $4042881.65   | 0.13%             | 2036-04-17      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-H                                 | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    530754 | PA      | $496938.12    | 0.02%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION MOLDING        | Husky Injection Molding Systems Ltd                                              | CUSIP: C8856UAE8<br>LEI: 5493003ZDHRVP2N4C109 | Long             | LON              | CORP              | CA        |   5536439 | PA      | $5558169.62   | 0.18%             | 2029-02-15      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC       | BroadStreet Partners Inc                                                         | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |    441821 | PA      | $442848.16    | 0.01%             | 2031-06-16      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| COLOSSUS ACQUIRECO LLC         | Colossus Acquireco LLC                                                           | CUSIP: N/A<br>LEI: 2549009FT92RXWA46910       | Long             | LON              | CORP              | US        |  16000000 | PA      | $15914000.00  | 0.52%             | 2032-06-14      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                                          | CUSIP: 05571ABA2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   6500000 | PA      | $6829342.85   | 0.22%             | 2036-01-14      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| SEMPRA                         | Sempra                                                                           | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4820244.45   | 0.16%             | 2052-04-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 55 CLO Ltd                                                                | CUSIP: 26245MAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002707.00   | 0.03%             | 2031-04-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| EASTERN ENERGY GAS             | Eastern Energy Gas Holdings LLC                                                  | CUSIP: 27636AAA0<br>LEI: 549300BFOD6TDMVV4O24 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $5838079.24   | 0.19%             | 2054-10-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC        | AEP Transmission Co LLC                                                          | CUSIP: 00115AAS8<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1175550.11   | 0.04%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AGREE LP                       | Agree LP                                                                         | CUSIP: 008513AF0<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4378652.20   | 0.14%             | 2035-06-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 19-1AA PTT        | American Airlines 2019-1 Class AA Pass Through Trust                             | CUSIP: 02377LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1655632 | PA      | $1527320.47   | 0.05%             | 2032-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 21-1A EETC        | American Airlines 2021-1 Class A Pass Through Trust                              | CUSIP: 02379KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4167779 | PA      | $3695104.08   | 0.12%             | 2034-07-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                             | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7624727.70   | 0.25%             | 2036-02-12      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO        | Allied Universal Holdco LLC                                                      | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   4224935 | PA      | $4249840.59   | 0.14%             | 2028-05-15      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| BELRON FINANCE 2019 LLC        | Belron Finance 2019 LLC                                                          | CUSIP: 08078UAM5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4955000 | PA      | $4983615.13   | 0.16%             | 2031-10-16      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL           | Edison International                                                             | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | EP               | CORP              | US        |   8939000 | PA      | $7749592.93   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| FISERV INC                     | Fiserv Inc                                                                       | CUSIP: 337738BE7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   4925000 | PA      | $5108920.68   | 0.17%             | 2033-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                  | Boeing Co/The                                                                    | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5707712.01   | 0.19%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 19-1 AA PTT        | British Airways 2019-1 Class AA Pass Through Trust                               | CUSIP: 11043XAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4755241 | PA      | $4418344.30   | 0.14%             | 2032-12-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CORP ANDINA DE FOMENTO         | Corp Andina de Fomento                                                           | CUSIP: 219868CM6<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | CORP              | VE        |    500000 | PA      | $509587.20    | 0.02%             | 2030-06-17      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 64 CLO Ltd                                                                | CUSIP: 26251LAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1600886.24   | 0.05%             | 2031-04-18      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                               | CUSIP: 292480AJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3464330.76   | 0.11%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                               | CUSIP: 29273VAY6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2279043.86   | 0.07%             | 2034-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 3140XL6B9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5084048 | PA      | $4519262.86   | 0.15%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2021-A                                          | CUSIP: 78448YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2139714 | PA      | $1929725.75   | 0.06%             | 2053-01-15      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2018-C                                          | CUSIP: 78449QAB3<br>LEI: 549300V1P5RKG8RJI005 | Long             | ABS-O            | CORP              | US        |    333370 | PA      | $327663.01    | 0.01%             | 2035-11-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2023-C                                          | CUSIP: 83207DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2002188 | PA      | $2057103.23   | 0.07%             | 2052-11-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr | Sofi Professional Loan Program 2019-C LLC                                        | CUSIP: 83401CAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    488358 | PA      | $468097.80    | 0.02%             | 2048-11-16      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-2 A PTT        | United Airlines 2019-2 Class A Pass Through Trust                                | CUSIP: 90932MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1051237 | PA      | $976409.94    | 0.03%             | 2028-05-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $10014570.28  | 0.33%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CHC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19000000 | PA      | $18117539.11  | 0.59%             | 2033-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust 2025-1                                    | CUSIP: 922955AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2600218 | PA      | $2628707.42   | 0.09%             | 2055-02-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| DEERFIELD DAKOTA HOLDING       | Deerfield Dakota Holding LLC                                                     | CUSIP: 24440EAB3<br>LEI: 549300FDREJLOIGXY104 | Long             | LON              | CORP              | US        |   8441467 | PA      | $8222242.09   | 0.27%             | 2027-04-09      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| ClubCorp Holdings, Inc.        | ClubCorp Holdings, Inc., Senior Secured First Lien Term Loan                     | CUSIP: 18948TAF0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2054632 | PA      | $2059768.95   | 0.07%             | 2026-09-18      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                             | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  10350000 | PA      | $8772972.57   | 0.29%             | 2036-09-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA            | Bank of Nova Scotia/The                                                          | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  11500000 | PA      | $11613700.50  | 0.38%             | 2085-04-27      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                               | CUSIP: 36179X5J1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3319793 | PA      | $3390620.18   | 0.11%             | 2053-06-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                               | CUSIP: 36179XNH5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4211164 | PA      | $4306804.17   | 0.14%             | 2052-12-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC       | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1924943.60   | 0.06%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                              | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  16500000 | PA      | $17341542.24  | 0.57%             | 2035-04-22      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                   | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5600000 | PA      | $5647600.00   | 0.18%             | 2035-06-27      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                                          | CUSIP: 056121AB2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   6500000 | PA      | $6698528.53   | 0.22%             | 2036-05-28      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | Bravo Residential Funding Trust 2025-Nqm3                                        | CUSIP: 105927AC1<br>LEI: 254900KREJHICFBDC014 | Long             | ABS-MBS          | CORP              | US        |   7046441 | PA      | $7095485.92   | 0.23%             | 2065-03-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 19-1 A PTT         | British Airways 2019-1 Class A Pass Through Trust                                | CUSIP: 11043XAB9<br>LEI: 635400GSHSFIWYIDXC76 | Long             | DBT              | CORP              | US        |   8952443 | PA      | $8570797.35   | 0.28%             | 2029-06-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                   | CUSIP: 09659W3A0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  12000000 | PA      | $12490922.28  | 0.41%             | 2033-01-13      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2025-NQM4                                        | CUSIP: 10570QAE1<br>LEI: 25490082TY9NA9XBGW19 | Long             | ABS-MBS          | CORP              | US        |   7157334 | PA      | $7212105.76   | 0.24%             | 2065-02-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP       | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1282454.28   | 0.04%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                 | CUSIP: 3132DWNU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9544264 | PA      | $8881067.73   | 0.29%             | 2055-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418E7C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4487236 | PA      | $4646537.58   | 0.15%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418FCS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  25082684 | PA      | $25539849.38  | 0.84%             | 2044-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II        | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8700000 | PA      | $7663782.15   | 0.25%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO               | Georgia Power Co                                                                 | CUSIP: 373334KW0<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4081598.44   | 0.13%             | 2034-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CLM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9000000 | PA      | $8851640.58   | 0.29%             | 2031-09-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CMR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $20187500.00  | 0.66%             | 2032-02-29      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CNF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $12104062.56  | 0.40%             | 2032-05-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP LP           | Kite Realty Group LP                                                             | CUSIP: 49803XAF0<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10041523.90  | 0.33%             | 2031-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MPLX LP                        | MPLX LP                                                                          | CUSIP: 55336VBX7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12054578.88  | 0.39%             | 2034-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                    | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3062319.54   | 0.10%             | 2035-02-13      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                    | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3493314.05   | 0.11%             | 2036-01-24      | Variable      | 6.02%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                    | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2330088.53   | 0.08%             | 2034-05-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                   | Comcast Corp                                                                     | CUSIP: 20030NEQ0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   5950000 | PA      | $6079756.95   | 0.20%             | 2055-05-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810RS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2073046.86   | 0.07%             | 2046-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7550000 | PA      | $4948494.16   | 0.16%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810SR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14500000 | PA      | $9019453.13   | 0.30%             | 2040-05-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $17305078.20  | 0.57%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $4899843.72   | 0.16%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CHARIOT BUYER LLC              | Chariot Buyer LLC                                                                | CUSIP: 15963CAC0<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |  11785847 | PA      | $11819318.75  | 0.39%             | 2028-11-03      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                  | TransDigm Inc                                                                    | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |  14678457 | PA      | $14721097.54  | 0.48%             | 2031-02-28      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| UKG INC                        | UKG Inc                                                                          | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |  11896763 | PA      | $11955117.06  | 0.39%             | 2031-02-10      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT LLC             | Central Parent LLC                                                               | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8979937 | PA      | $7521146.53   | 0.25%             | 2029-07-06      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC       | BroadStreet Partners Inc                                                         | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |   4520679 | PA      | $4531189.65   | 0.15%             | 2031-06-16      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| BCPE EMPIRE HOLDINGS INC       | BCPE Empire Holdings Inc                                                         | CUSIP: 05550HAQ8<br>LEI: 549300O2G0VI2955B626 | Long             | LON              | CORP              | US        |   2947588 | PA      | $2934323.36   | 0.10%             | 2030-12-26      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2024-2 LLC                                                                   | CUSIP: 55389QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1692834 | PA      | $1691655.49   | 0.06%             | 2042-03-20      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC         | Mosaic Solar Loan Trust 2025-1                                                   | CUSIP: 61945HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2997669 | PA      | $2980860.89   | 0.10%             | 2050-08-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2023-A                                 | CUSIP: 638961AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6425626 | PA      | $6556112.38   | 0.21%             | 2071-10-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| DUN & BRADSTREET CORP          | Dun & Bradstreet Corp/The                                                        | CUSIP: 26483NAW0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |  11078805 | PA      | $11082959.07  | 0.36%             | 2029-01-18      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                   | AES Corp/The                                                                     | CUSIP: 00130HCM5<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |  11900000 | PA      | $12088354.39  | 0.40%             | 2032-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                         | CUSIP: 00206RKB7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   4550000 | PA      | $3184190.60   | 0.10%             | 2060-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                         | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2965000 | PA      | $2008451.62   | 0.07%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Aimco                          | AIMCO CLO 10 Ltd                                                                 | CUSIP: 00901AAS6<br>LEI: 5493004I93856WYBB035 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5017505.00   | 0.16%             | 2037-07-22      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM       | Amcor Flexibles North America Inc                                                | CUSIP: 02344AAE8<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   6250000 | PA      | $6343959.25   | 0.21%             | 2035-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2025-2                                                  | CUSIP: 03466QAA1<br>LEI: 254900DKH168ZWJSMI96 | Long             | ABS-MBS          | CORP              | US        |  10317891 | PA      | $10354439.50  | 0.34%             | 2070-02-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2025-7                                                  | CUSIP: 03466TAA5<br>LEI: 254900QTRHHMG5RQ9X60 | Long             | ABS-MBS          | CORP              | US        |   7786000 | PA      | $7823805.70   | 0.26%             | 2070-06-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAZ4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1850000 | PA      | $1885322.98   | 0.06%             | 2030-05-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA             | Banco Santander SA                                                               | CUSIP: 05964HBK0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   8050000 | PA      | $8484767.94   | 0.28%             | 2035-01-17      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE       | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAC2<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   2001000 | PA      | $2076625.79   | 0.07%             | 2030-10-14      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | Bravo Residential Funding Trust Series 2025-NQM1                                 | CUSIP: 10569MAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14796495 | PA      | $14891728.24  | 0.49%             | 2064-12-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC         | CenterPoint Energy Inc                                                           | CUSIP: 15189TBP1<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11128686.80  | 0.36%             | 2055-05-15      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                    | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4850000 | PA      | $4906605.27   | 0.16%             | 2031-05-07      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                    | Citibank NA                                                                      | CUSIP: 17325FBG2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5470823.19   | 0.18%             | 2034-04-30      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                | DTE Electric Co                                                                  | CUSIP: 23338VAY2<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4329525.41   | 0.14%             | 2035-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY OHIO INC           | Duke Energy Ohio Inc                                                             | CUSIP: 26442EAK6<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2959159.71   | 0.10%             | 2053-04-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO X Ltd              | Elmwood CLO X Ltd                                                                | CUSIP: 29002VAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5007710.00   | 0.16%             | 2034-04-20      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                | Fair Isaac Corp                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   8080000 | PA      | $8174259.58   | 0.27%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                 | CUSIP: 3132DWJL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12902885 | PA      | $12923995.45  | 0.42%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                 | CUSIP: 3132DWLV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3723729 | PA      | $3848675.68   | 0.13%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 3140QVQZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10391857 | PA      | $10364449.12  | 0.34%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 3140XPLG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5653725 | PA      | $4898393.63   | 0.16%             | 2053-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418E5B2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3685004 | PA      | $3429833.08   | 0.11%             | 2054-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418FF44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13152877 | PA      | $13159459.43  | 0.43%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT             | Seasoned Credit Risk Transfer Trust Series 2025-1                                | CUSIP: 35563PYZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  26769461 | PA      | $23239564.63  | 0.76%             | 2064-11-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II        | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AT6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10650000 | PA      | $10618549.49  | 0.35%             | 2034-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receiva | GM Financial Revolving Receivables Trust 2024-1                                  | CUSIP: 36269KAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2041905.80   | 0.07%             | 2036-12-11      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                                | CUSIP: 404280ES4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3500000 | PA      | $3520603.80   | 0.12%             | 2036-03-03      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| HEICO CORP                     | HEICO Corp                                                                       | CUSIP: 422806AB5<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |   8400000 | PA      | $8602130.80   | 0.28%             | 2033-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                              | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4665303.68   | 0.15%             | 2036-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                 | MVW 2020-1 LLC                                                                   | CUSIP: 55400EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124678 | PA      | $119107.75    | 0.00%             | 2037-10-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM5                         | CUSIP: 61777QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8259599 | PA      | $8299459.78   | 0.27%             | 2069-10-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-F                                 | CUSIP: 63941XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    387034 | PA      | $360349.28    | 0.01%             | 2069-07-15      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                 | OWN Equipment Fund II LLC                                                        | CUSIP: 690912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1203699.84   | 0.04%             | 2033-09-26      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                 | OWN Equipment Fund I LLC                                                         | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2455743 | PA      | $2466277.86   | 0.08%             | 2032-12-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES       | Delta Air Lines Inc / SkyMiles IP Ltd                                            | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    666726 | PA      | $665202.63    | 0.02%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                      | Block Inc                                                                        | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3918832.00   | 0.13%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AVOLON TLB BORROWER 1 US       | Avolon TLB Borrower 1 US LLC                                                     | CUSIP: 05400KAJ9<br>LEI: 635400O84AGITYFZQB55 | Long             | LON              | CORP              | US        |   5055634 | PA      | $5064986.93   | 0.17%             | 2030-06-24      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| EPICOR SOFTWARE CORP           | Epicor Software Corp                                                             | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   8757990 | PA      | $8790131.77   | 0.29%             | 2031-05-30      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO I       | Dynasty Acquisition Co Inc                                                       | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |   2669544 | PA      | $2673775.11   | 0.09%             | 2031-10-31      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                     | Kaman Corp                                                                       | CUSIP: N/A<br>LEI: 5493003YK076OLTEQF95       | Long             | LON              | CORP              | US        |    799034 | PA      | $799098.40    | 0.03%             | 2032-02-26      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                     | Kaman Corp                                                                       | CUSIP: N/A<br>LEI: 5493003YK076OLTEQF95       | Long             | LON              | CORP              | US        |    963586 | PA      | $963663.30    | 0.03%             | 2032-02-26      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                     | Kaman Corp                                                                       | CUSIP: N/A<br>LEI: 5493003YK076OLTEQF95       | Long             | LON              | CORP              | US        |    963586 | PA      | $963663.30    | 0.03%             | 2032-02-26      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II        | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AU3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3761376.85   | 0.12%             | 2054-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2025-NQM2                                    | CUSIP: 36272EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3600000 | PA      | $3616333.92   | 0.12%             | 2065-06-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   6050000 | PA      | $6206569.58   | 0.20%             | 2036-01-28      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2024-3                                              | CUSIP: 43283NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1014647 | PA      | $1024828.70   | 0.03%             | 2040-08-27      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM10 Trust                                                             | CUSIP: 67121LAA4<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-MBS          | CORP              | US        |   4970849 | PA      | $4996530.84   | 0.16%             | 2065-05-25      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES         | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $7268903.66   | 0.24%             | 2034-10-20      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2024-1 Ltd                                            | CUSIP: 69703NAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5950000 | PA      | $5955376.42   | 0.20%             | 2032-10-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                                             | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  13200000 | PA      | $12440882.52  | 0.41%             | 2084-11-24      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2022-C                                          | CUSIP: 78449CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1790890 | PA      | $1779399.97   | 0.06%             | 2050-05-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9000000 | PA      | $4327031.25   | 0.14%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CGM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19285937.60  | 0.63%             | 2033-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-2 AA PTT       | American Airlines 2016-2 Class AA Pass Through Trust                             | CUSIP: 023765AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4759487 | PA      | $4564362.31   | 0.15%             | 2028-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                               | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $5030325.60   | 0.16%             | 2031-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                 | AutoNation Inc                                                                   | CUSIP: 05329WAT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4871670.53   | 0.16%             | 2035-03-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO            | Consumers Energy Co                                                              | CUSIP: 210518DZ6<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4634443.28   | 0.15%             | 2035-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                  | DTE Energy Co                                                                    | CUSIP: 233331BL0<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   6700000 | PA      | $7012389.98   | 0.23%             | 2034-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD         | Fairfax Financial Holdings Ltd                                                   | CUSIP: 303901BW1<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |  15200000 | PA      | $15564888.31  | 0.51%             | 2055-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 3140QVLH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9048462 | PA      | $9220192.53   | 0.30%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-A                                 | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    392950 | PA      | $358019.79    | 0.01%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2020-2                                                | CUSIP: 63942HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1902009 | PA      | $1668808.80   | 0.05%             | 2069-08-26      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| NEVADA POWER CO                | Nevada Power Co                                                                  | CUSIP: 641423CF3<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2938068.78   | 0.10%             | 2053-05-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA             | Credit Agricole SA                                                               | CUSIP: 225313AR6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   6050000 | PA      | $5934579.31   | 0.19%             | 2034-09-23      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418E7B0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5019201 | PA      | $5106068.04   | 0.17%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY        | Oncor Electric Delivery Co LLC                                                   | CUSIP: 68233JCU6<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7268352.30   | 0.24%             | 2054-06-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2024-C                                          | CUSIP: 83206EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6680959 | PA      | $6838597.78   | 0.22%             | 2052-06-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418EU99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5027438 | PA      | $5036840.74   | 0.16%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                  | CUSIP: 31418FEN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5363244 | PA      | $5458263.44   | 0.18%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note | Toyota Auto Loan Extended Note Trust 2023-1                                      | CUSIP: 89231WAA1<br>LEI: 5493000KI9FC40RVHF71 | Long             | ABS-O            | CORP              | US        |   5646000 | PA      | $5748495.79   | 0.19%             | 2036-06-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3500000 | PA      | $2426484.38   | 0.08%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                         | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2166870.99   | 0.07%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receiva | GM Financial Revolving Receivables Trust 2023-2                                  | CUSIP: 36268DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3650000 | PA      | $3818597.88   | 0.13%             | 2036-08-11      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu | GreenSky Home Improvement Issuer Trust 2025-1                                    | CUSIP: 39571NAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1597044 | PA      | $1605297.47   | 0.05%             | 2060-03-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                                 | CUSIP: 50212YAP9<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3342221.72   | 0.11%             | 2030-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC         | UnitedHealth Group Inc                                                           | CUSIP: 91324PFM9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   5350000 | PA      | $5208158.93   | 0.17%             | 2064-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS          | Universal Health Services Inc                                                    | CUSIP: 913903AW0<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2675772.66   | 0.09%             | 2030-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| MASS MUTUAL LIFE INS CO        | Massachusetts Mutual Life Insurance Co                                           | CUSIP: 575767AT5<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4572072.82   | 0.15%             | 2052-12-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                   | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10480701.20  | 0.34%             | 2035-04-19      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   5600000 | PA      | $5707009.78   | 0.19%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP INC                 | Weir Group Inc                                                                   | CUSIP: 94877DAA2<br>LEI: 2138009WEPEV2V98AV65 | Long             | DBT              | CORP              | US        |   7925000 | PA      | $8038630.39   | 0.26%             | 2030-05-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Loan Trust 2020-A                                      | CUSIP: 63941FAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385179 | PA      | $369964.20    | 0.01%             | 2068-11-15      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-B                                 | CUSIP: 63941GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2370537 | PA      | $2252918.72   | 0.07%             | 2069-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                 | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4450000 | PA      | $4555095.61   | 0.15%             | 2034-04-24      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC       | TK Elevator US Newco Inc                                                         | CUSIP: N/A<br>LEI: 549300C2AFWPAYWS5574       | Long             | LON              | CORP              | US        |   2547552 | PA      | $2557104.91   | 0.08%             | 2030-04-30      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-E                                 | CUSIP: 63941TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8267366 | PA      | $7719417.39   | 0.25%             | 2069-05-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| PHILLIPS EDISON GROCERY        | Phillips Edison Grocery Center Operating Partnership I LP                        | CUSIP: 71845JAC2<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8720798.04   | 0.29%             | 2035-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC            | AssuredPartners Inc                                                              | CUSIP: 04621HAW3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |  16062252 | PA      | $16120638.08  | 0.53%             | 2031-02-14      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR       | Anheuser-Busch InBev Worldwide Inc                                               | CUSIP: 03523TBU1<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5088719.75   | 0.17%             | 2039-01-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO        | Arthur J Gallagher & Co                                                          | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4204413.49   | 0.14%             | 2035-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD             | Athene Holding Ltd                                                               | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   6850000 | PA      | $7064602.01   | 0.23%             | 2055-05-19      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                   | CUSIP: 61748UAF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4929177.74   | 0.16%             | 2036-01-18      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2023-1 LLC                                                                   | CUSIP: 62848PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    908518 | PA      | $915352.18    | 0.03%             | 2040-10-20      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-C                                 | CUSIP: 63941KAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    349979 | PA      | $333994.91    | 0.01%             | 2068-11-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-B                                 | CUSIP: 63942LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1383038 | PA      | $1255308.90   | 0.04%             | 2069-07-15      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2022-A                                 | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7850325 | PA      | $7173026.90   | 0.23%             | 2070-07-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2021-1                                                | CUSIP: 63942NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1047065 | PA      | $871792.25    | 0.03%             | 2069-12-26      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 31 Ltd                                        | CUSIP: 64132JAW5<br>LEI: 5493007OZE2103TZO049 | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $550687.50    | 0.02%             | 2039-01-20      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Aristotle Fund Series Trust

**Signature:** /s/ Josh Schwab

**Name of Signer:** Aristotle Fund Series Trust

**Title:** Treasurer