# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-26-009661
**Filing Date:** 2026-6
**Character Count:** 70353
**Document Hash:** c775727444f87f1e397f3aff98b8b585
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-009661.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0000910472-26-009661

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ultimus Managers Trust
- **CENTRAL INDEX KEY:** 0001545440

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22680
- **FILM NUMBER:** 261118695

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Westwood Multi-Asset Income Fund (Series ID: S000072840)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000229469 | Westwood Multi-Asset Income Fund Institutional Shares | WHGHX           |
| C000229470 | Westwood Multi-Asset Income Fund A Class Shares       | WSDAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Ultimus Managers Trust

- **b. Investment Company Act file number:** 811-22680

- **c. CIK number of Registrant:** 0001545440

- **d. LEI of Registrant:** 549300FU214TAR7BFY91

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** WESTWOOD MULTI-ASSET INCOME FUND

- **b. EDGAR series identifier (if any):** S000072840

- **c. LEI of Series:** 54930028Q7KDCMZHDO55

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

- **a. Date of fiscal year-end:** 2026-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $110065348.98

**Total Liabilities:** $336557.62

**Net Assets:** $109728791.36

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 20.18313946 | **1-Year:** 856.54363607 | **5-Year:** 4643.84049250 | **10-Year:** 4219.84534707 | **30-Year:** 4246.69356810

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

- **3-Month:** 93.13281876 | **1-Year:** 3946.61677038 | **5-Year:** 7954.21749395 | **10-Year:** 477.47514888 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229469 | 0.70%                | -2.39%               | 2.93%                |
| Class ID C000229470 | 0.68%                | -2.40%               | 3.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-427926.75              | $224455.53                                 |
| Month 2  | $26766.20                | $-2650496.28                               |
| Month 3  | $445656.78               | $2377837.91                                |

**Designated Index Information**

- **Index Name:** 40 Russ 1000 Val 60 BB Agg

- **Index Identifier:** 40 Russ 1000 Val 60 BB Agg

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                 | Federal Home Loan Mortgage Corporation 4.000%, Due 10/01/2052            | CUSIP: 3140XJXY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    467809 | PA      | $441063.29    | 0.40%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                    | VICI Properties LP 5.125%, Due 05/15/32                                  | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991322.53    | 0.90%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ARKO CORP                                                             | Arko Corp 5.125%, Due 11/15/2029                                         | CUSIP: 041242AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $901407.00    | 0.82%             | 2029-11-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| DOTDASH MEREDITH INC                                                  | Dotdash Meredith Inc 7.625% Due 06/015/2032                              | CUSIP: 25849JAA8<br>LEI: 549300R2AA7U9CJUQO13 | Long             | DBT              | CORP              | US        |    750000 | PA      | $700696.43    | 0.64%             | 2032-06-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                                  | Lockheed Martin Corporation                                              | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1088 | NS      | $563551.36    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-HQA1                               | Freddie Mac STACR REMIC Trust 2021-HQA1 9.34839%, Due 08/25/2033         | CUSIP: 35564KCP2<br>LEI: 5493000ISMYB8CLVZD05 | Long             | ABS-O            | USGSE             | US        |    460000 | PA      | $538709.63    | 0.49%             | 2033-08-25      | Floating      | 8.65%                 | Yes           |                  2 | On Loan: No      |
| GEO GROUP INC (THE)                                                   | GEO Group Inc/The 8.625% Due 04/15/2029                                  | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1040246.00   | 0.95%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                                     | Kinder Morgan, Inc.                                                      | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     11940 | NS      | $392467.80    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MUVICO LLC                                                            | Muvico LLC 15.0%, Due 02/19/2029                                         | CUSIP: 62844JAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1023500 | PA      | $1067448.41   | 0.97%             | 2029-02-19      | Fixed         | 15.00%                | Yes           |                  2 | On Loan: No      |
| SEMPRA                                                                | Sempra Energy 6.400%, Due 10/01/2054                                     | CUSIP: 816851BT5<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    450000 | PA      | $453628.80    | 0.41%             | 2054-10-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| MOHEGAN ESCROW ISSUER LLC                                             | Mohegan Tribal Gaming Authority / MS Digital 8.25%, Due 04/15/2030       | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1038000.55   | 0.95%             | 2030-04-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                          | Six Flags Entertainment Corp 6.625%, Due 05/1/2032                       | CUSIP: 83002YAA7<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017783.14   | 0.93%             | 2032-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                                                 | General Dynamics Corporation                                             | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      2439 | NS      | $839747.70    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                                             | Amgen, Inc.                                                              | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1088 | NS      | $376720.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC                                           | Bausch Health Cos Inc 14%, Due 10/15/2030                                | CUSIP: 071734AR8<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $481250.00    | 0.44%             | 2030-10-15      | Fixed         | 14.00%                | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                                | Ultra 10-Year US Treasury Note Futures 2026-06-18                        | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |        37 | NS      | $-103018.91   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                                  | Bank of America Corp 6.25%, Due 3/15/2030                                | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    650000 | PA      | $656812.00    | 0.60%             | 2035-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GOLAR LNG LTD                                                         | Golar LNG Ltd 7.25%, Due 09/19/2029                                      | CUSIP: G4023LAC5<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1015902.66   | 0.93%             | 2029-09-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY OPERATING LLC                                              | NGL Energy Operating LLC / NGL Energy Finance Corp 8.125%, Due 2/15/2029 | CUSIP: 62922LAC2<br>LEI: 5493008CQD36WWZJ3O79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1037491.00   | 0.95%             | 2029-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                     | HSBC Holdings PLC Floating rate, Due 12/31/2049                          | CUSIP: 404280DT3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | US        |    615000 | PA      | $641254.97    | 0.58%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                     | Ares Capital Corporation 7.000%, Due  01/15/27                           | CUSIP: 04010LBE2<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    735000 | PA      | $744512.19    | 0.68%             | 2027-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                           | CME Euro Foreign Exchange Currency Future 2026-06-15                     | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DFE              | CORP              | US        |        15 | NS      | $24879.45     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CORECIVIC INC                                                         | CoreCivic Inc 8.25%, Due 4/15/2029                                       | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |    500000 | PA      | $520816.00    | 0.47%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ESSEX PROPERTY TRUST INC                                              | Essex Property Trust, Inc. REIT                                          | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      1309 | NS      | $344541.89    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                     | LYB International Finance III LLC 5.125%, Due 1/15/2031                  | CUSIP: 50249AAQ6<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35219.63     | 0.03%             | 2031-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                  | Charter Communications Operating, LLC 6.384%, Due 10/23/35               | CUSIP: 161175AZ7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1010613.77   | 0.92%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORP                                  | International Business Machines Corporation                              | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      3060 | NS      | $706798.80    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| STAPLES INC                                                           | Staples, Inc. 10.750%, Due 09/01/29                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $955009.60    | 0.87%             | 2029-09-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                                    | Hewlett Packard Enterprise Company                                       | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |     11850 | NS      | $907947.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SITIOS LATINOAMERICA SAB DE CV                                        | America Movil SAB de CV 5.375%, Due 04/04/2032                           | CUSIP: 03217KAB4<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | US        |    360000 | PA      | $358159.90    | 0.33%             | 2032-04-04      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| REDWOOD TRUST INC                                                     | Redwood Trust Inc 7.75% Due 06/15/2027                                   | CUSIP: 758075AF2<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1010000.00   | 0.92%             | 2027-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO      | Mexico Government International Bond 7.375%, Due 05/13/2055              | CUSIP: 91087BBD1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    750000 | PA      | $797625.00    | 0.73%             | 2055-05-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL PRIVATE CREDIT FUND                                     | Golub Capital Private Credit Fund 5.6%, Due 4/15/2031                    | CUSIP: 38179RAG0<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |    920000 | PA      | $889373.72    | 0.81%             | 2031-04-15      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| 1261229 B.C. LTD                                                      | 1261229 BC Ltd 10.00% Due 04/15/2032                                     | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1033002.56   | 0.94%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES LP                                          | Hudson Pacific Properties, L.P. 3.25%, due 01/15/2030                    | CUSIP: 44409MAC0<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $852416.30    | 0.78%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                              | iHeartCommunications Inc 7.75%, Due 08/15/2030                           | CUSIP: 45174HBM8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481250.00    | 0.44%             | 2030-08-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                       | Federal Home Loan Mortgage Corporation 5.000%, Due 01/01/2053            | CUSIP: 3132DWF57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    422648 | PA      | $418894.33    | 0.38%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                                    | Rithm Capital Corporation 8.000%, Due 04/01/29                           | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004630.00   | 0.92%             | 2029-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NVIDIA CORP                                                           | NVIDIA Corporation                                                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      6819 | NS      | $1360867.83   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN OIL & GAS INC                                                | Northern Oil & Gas Inc 7.875%, Due 10/15/2033                            | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   1333000 | PA      | $1380994.33   | 1.26%             | 2033-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                      | CSC Holdings, LLC 11.250%, Due 05/15/28                                  | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    500000 | PA      | $406432.05    | 0.37%             | 2028-05-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                  | U.S. Treasury Bill 0.000%, Due 5/21/2026                                 | CUSIP: 912797SV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1996022.22   | 1.82%             | 2026-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                          | MPT Operating Partnership LP / MPT Finance Corp 8.5% Due 2/15/2032       | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1038865.00   | 0.95%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ULTIMUS MANAGERS TRUST                                                | Westwood Salient Enhanced Energy Income ETF                              | CUSIP: 90386K571<br>LEI: 549300FU214TAR7BFY91 | Long             | EC               | RF                | US        |     16752 | NS      | $406236.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC (THE)                                                  | Home Depot, Inc. (The)                                                   | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      1277 | NS      | $419877.60    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MICHAELS COMPANIES INC (THE)                                          | Michaels Cos Inc/The 8.5%, Due 03/15/2033                                | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988210.90    | 0.90%             | 2033-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                                | Ultra U.S. Treasury Bond Futures 2026-06-18                              | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |        63 | NS      | $-326515.77   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                       | Philip Morris International, Inc.                                        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      2736 | NS      | $451631.52    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC (THE)                                               | TJX Companies, Inc. (The)                                                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      5734 | NS      | $898804.50    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL INC                                                  | Blue Owl Capital, Inc.                                                   | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39220 | NS      | $382395.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SBL HOLDINGS INC                                                      | SBL Holdings Inc 7.2%, Due 10/30/2034                                    | CUSIP: 78397DAD0<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |    725000 | PA      | $670361.85    | 0.61%             | 2034-10-30      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| ALPHABET INC                                                          | Alphabet, Inc. Class A                                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      4533 | NS      | $1744298.40   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MARTIN MIDSTREAM PARTNERS LP                                          | Martin Midstream Partners LP 11.500%, Due 02/15/28                       | CUSIP: 573334AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1028334.00   | 0.94%             | 2028-02-15      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME CORP                                           | Blue Owl Credit Income Corp 5.8% Due 03/15/2030                          | CUSIP: 09581CAD3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486433.70    | 0.44%             | 2030-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                                                  | Southern Copper Corporation                                              | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      2811 | NS      | $482620.59    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC (REIT)                                              | Iron Mountain, Inc. 7.000%, Due 02/15/29                                 | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021940.96   | 0.93%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS LP                                       | Enterprise Products Partners, L.P.                                       | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     15152 | NS      | $586382.40    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BARRICK MINING CORP                                                   | Barrick Mining Corporation                                               | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     18621 | NS      | $732550.14    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AVATION GROUP(S)PTE LTD                                               | Avation Group S Pte Ltd 8.5%, Due 05/15/2031                             | CUSIP: 05390AAA2<br>LEI: 2138006F359FM7HRYK39 | Long             | DBT              | CORP              | SG        |   1000000 | PA      | $934034.73    | 0.85%             | 2031-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                  | United States Treasury Note/Bond 4.0% Due 03/31/2030                     | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1035000 | PA      | $1035970.31   | 0.94%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION                                      | Kratos Defense & Security Solutions, Inc. 08/21/2026 90 Call             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |       -90 | NS      | $-31500.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| BWX TECHNOLOGIES INC                                                  | BWX Technologies Inc 0.0%, Due 11/01/2030                                | CUSIP: 05605HAD2<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |    500000 | PA      | $541000.00    | 0.49%             | 2030-11-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| COMMUNITY HEALTH SYSTEMS INC                                          | CHS / Community Health Systems, Inc. 10.875%, Due 01/15/2032             | CUSIP: 12543DBN9<br>LEI: 549300BQWM4WENQ3YW73 | Long             | DBT              | CORP              | US        |    805000 | PA      | $863946.93    | 0.79%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                   | Gilead Sciences, Inc.                                                    | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      6948 | NS      | $909076.32    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CONDUENT BUSINESS SERVICES LLC / CONDUENT STATE & LOCAL SOLUTIONS INC | Conduent Business Servs/ State&Local Solutions Inc 6%, Due 11/01/2029    | CUSIP: 20679LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $715292.40    | 0.65%             | 2029-11-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                    | Energy Transfer, L.P.                                                    | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |     38174 | NS      | $770733.06    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                       | Federal Home Loan Mortgage Corporation 5.500%, Due 04/01/2053            | CUSIP: 3132DP3N6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    411366 | PA      | $415900.23    | 0.38%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTHSTATE BANK CORP                                                  | SouthState Corp 7.00% Due 06/13/2035                                     | CUSIP: 840441AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    535000 | PA      | $555165.01    | 0.51%             | 2035-06-13      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES INC                                               | Century Communities Inc 6.625%, Due 09/15/2033                           | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    691000 | PA      | $687511.56    | 0.63%             | 2033-09-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| ULTIMUS MANAGERS TRUST                                                | Westwood Enhanced Income Opportunity ETF USD Class                       | CUSIP: 90386K530<br>LEI: 549300FU214TAR7BFY91 | Long             | EC               | RF                | US        |     77982 | NS      | $1971665.70   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORP                                                     | Devon Energy Corporation                                                 | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      5780 | NS      | $296918.60    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MATIV HOLDINGS INC                                                    | Mativ Holdings Inc 8.0%, Due 10/01/2029                                  | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $967796.90    | 0.88%             | 2029-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                    | Clear Channel Outdoor Holdings Inc 7.875%, Due 04/01/2030                | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1041145.47   | 0.95%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| W & T OFFSHORE INC                                                    | W&T Offshore Inc 10.75%, Due 02/01/2029                                  | CUSIP: 92922PAN6<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $518750.00    | 0.47%             | 2029-02-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                        | Public Storage REIT                                                      | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      1468 | NS      | $443996.60    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD NATIONAL BANCORP                                                  | Old National Bancorp/IN 5.768%, Due 2/15/2036                            | CUSIP: 68003DAA3<br>LEI: 549300MMK90CL5KMVX16 | Long             | DBT              | CORP              | US        |    540000 | PA      | $539223.19    | 0.49%             | 2036-02-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                  | U.S. Treasury Notes 4.625%, Due 02/15/2035                               | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1035000 | PA      | $1056912.90   | 0.96%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                    | Ally Financial, Inc. 6.992%, Due 06/13/29                                | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    590000 | PA      | $613594.43    | 0.56%             | 2029-06-13      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                                   | Sumitomo Mitsui Financial Group, Inc. ADR                                | CUSIP: 86562M209<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |     32755 | NS      | $695388.65    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTRIA GROUP INC                                                      | Altria Group, Inc.                                                       | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      9100 | NS      | $661115.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| INTESA SANPAOLO SPA                                                   | Intesa Sanpaolo S.p.A. 7.778%, Due 06/20/54                              | CUSIP: 46115HCB1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | US        |    360000 | PA      | $418272.76    | 0.38%             | 2054-06-20      | Fixed         | 7.78%                 | Yes           |                  2 | On Loan: No      |
| E.W. SCRIPPS COMPANY (THE)                                            | EW Scripps Co/The 9.875%, Due 08/15/2030                                 | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999448.10    | 0.91%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                | Diamondback Energy, Inc. 5.900%, Due 04/18/2064                          | CUSIP: 25278XBB4<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    460000 | PA      | $443956.19    | 0.40%             | 2064-04-18      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 COMPANY                                                   | Phillips 66 Co 6.2%, Due 03/15/2056                                      | CUSIP: 718547BA9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    385000 | PA      | $386335.57    | 0.35%             | 2056-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                   | MORGAN STANLEY POSITIVE VAR MARGIN                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |     45238 | PA      | $45237.86     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN EXCHANGE-TRADED FUND TRUST                                | JPMorgan Nasdaq Equity Premium Income ETF                                | CUSIP: 46654Q203<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |     16648 | NS      | $986726.96    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                                               | Nexstar Media Inc 6.5%, Due 9/15/2033                                    | CUSIP: 65346UAB5<br>LEI: 52990083ZRR5UT591988 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007666.63   | 0.92%             | 2033-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                 | Wells Fargo & Company                                                    | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      6771 | NS      | $556779.33    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                  | United States Treasury Note/Bond 3.875%, Due 07/31/2030                  | CUSIP: 91282CNN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $995468.75    | 0.91%             | 2030-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORP                                  | International Business Machines Corp 5.7%, Due 2/10/2055                 | CUSIP: 459200LK5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    300000 | PA      | $281119.44    | 0.26%             | 2055-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CO                                                         | Ford Motor Credit Company, LLC 7.45%, Due 07/16/31                       | CUSIP: 345370CA6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1087531.41   | 0.99%             | 2031-07-16      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| R.R. DONNELLEY & SONS COMPANY                                         | RR Donnelley & Sons Co 9.5% Due 08/01/2029                               | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    750000 | PA      | $773887.50    | 0.71%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| FACTSET RESEARCH SYSTEMS INC                                          | FactSet Research Systems, Inc.                                           | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      2541 | NS      | $578280.78    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| XEROX CORP                                                            | Xerox Corp 10.25%, Due 10/15/2030                                        | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $830000.00    | 0.76%             | 2030-10-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| FEDEX CORP                                                            | FedEx Corporation                                                        | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      1553 | NS      | $626340.43    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP                 | Icahn Enterprises 10.0%, Due 11/15/2029                                  | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1258593.75   | 1.15%             | 2029-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPELINE LP                                       | Plains All American Pipeline LP / PAA Finance Corp 5.6%, Due 10/15/2035  | CUSIP: 72650RBS0<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40086.19     | 0.04%             | 2036-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                   | Audacy 2nd Lien Warrants subject to black scholes protection             | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               |  | US        |      5433 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARDAGH GROUP SA                                                       | Ardagh Group SA 12%, Due 12/01/2030                                      | CUSIP: 03969UAA4<br>LEI: 6354006L1NWUUOPYX274 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $897400.00    | 0.82%             | 2030-12-01      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| APTIV PLC/APTIV GLOBAL FINANCING DAC                                  | Aptiv PLC / Aptiv Global Financing DAC 6.875%, Due 12/15/2054            | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1024898.00   | 0.93%             | 2054-12-15      | Fixed         | 6.87%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET LENDING PARTNERS                                         | Sixth Street Lending Partners 5.75%, Due 01/15/2030                      | CUSIP: 829932AD4<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497152.98    | 0.45%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP INC                                         | Sinclair Television Group Inc 8.125% Due 2/15/2033                       | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    919000 | PA      | $952791.63    | 0.87%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                   | Audacy 2nd Lien Warrants NOT subject to black scholes protection         | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               |  | US        |       906 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MICROSOFT CORP                                                        | Microsoft Corporation                                                    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1634 | NS      | $666312.52    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                         | Republic of South Africa Government  International Bond                  | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | US        |    695000 | PA      | $705812.32    | 0.64%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SABRE FINANCIAL BORROWER LLC                                          | Sabre Financial Borrower LLC 11.125%, Due 6/15/2029                      | CUSIP: 78573XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1026799.00   | 0.94%             | 2029-06-15      | Fixed         | 11.12%                | Yes           |                  2 | On Loan: No      |
| URBAN EDGE PROPERTIES                                                 | Urban Edge Properties REIT                                               | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23164 | NS      | $507754.88    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                       | Federal Home Loan Mortgage Corporation 4.500%, Due 12/01/2052            | CUSIP: 3132DWFQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    435936 | PA      | $421146.46    | 0.38%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                                                              | Flex Ltd 6.000%, Due 01/15/28                                            | CUSIP: 33938XAE5<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | US        |    745000 | PA      | $761378.39    | 0.69%             | 2028-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL LLC / EMC CORP                                     | Dell International, LLC / EMC Corporation 8.350%, Due 07/15/2046         | CUSIP: 24703TAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    342000 | PA      | $424608.94    | 0.39%             | 2046-07-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                  | Boston Properties LP 2.0%, Due 10/01/2030                                | CUSIP: 10112RBM5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    815000 | PA      | $762025.00    | 0.69%             | 2030-10-01      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARES INC                                         | First Citizens BancShares Inc/NC 7%, Due 12/15/2030                      | CUSIP: 31959XAG8<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |    525000 | PA      | $527579.85    | 0.48%             | 2049-12-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                          | Alphabet Inc 5.30% Due 05/15/2065                                        | CUSIP: 02079KAN7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    460000 | PA      | $419249.10    | 0.38%             | 2065-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                   | Vinebrook Homes Trust, Inc. 9.5% Preferred                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     20000 | NS      | $500000.00    | 0.46%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SUNOCO LP                                                             | Sunoco LP 7.875%, Due 03/18/2045                                         | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    315000 | PA      | $326190.69    | 0.30%             | 2045-03-18      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| GETTY IMAGES INC                                                      | Getty Images Incorporated 11.25%, Due 02/21/2030                         | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $892330.00    | 0.81%             | 2030-02-21      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| FIRST AMERICAN FUNDS INC                                              | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND - CLASS U                     | CUSIP: 31846V211<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1198599 | PA      | $1198599.26   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                                           | Oracle Corp 5.35%, Due 05/04/2033                                        | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $972331.49    | 0.89%             | 2033-05-04      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                     | Johnson & Johnson                                                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      3253 | NS      | $747702.05    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF HOLDING COMPANY LLC / PBF FINANCE CORP                            | PBF Holding Co LLC / PBF Finance Corp 9.875%, Due 3/15/2030              | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1074552.00   | 0.98%             | 2030-03-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)                                | PNC Financial Services Group, Inc. (The)                                 | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      2443 | NS      | $544789.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE MORTGAGE TRUST INC                                         | Blackstone Mortgage Trust Inc 5.5%, Due 03/15/2027                       | CUSIP: 09257WAE0<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995000.00    | 0.91%             | 2027-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALTA EQUIPMENT GROUP INC                                              | Alta Equipment Group Inc 9%, Due 6/1/2029                                | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $949429.00    | 0.87%             | 2029-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| TRANSCANADA TRUST                                                     | Transcanada Trust 5.600%, Due 03/07/2082                                 | CUSIP: 89356BAG3<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | US        |    478000 | PA      | $472068.93    | 0.43%             | 2082-03-07      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                   | Audacy Special Warrants                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               |  | US        |      4483 | NS      | $17932.00     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GEO GROUP INC (THE)                                                   | GEO Group Inc/The 10.25% Due 11/01/2031                                  | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    667000 | PA      | $716287.64    | 0.65%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                           | Oracle Corporation 6.900%, Due 11/09/52                                  | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    320000 | PA      | $302788.79    | 0.28%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                          | Enbridge Inc 7.2% Due 06/27/2054                                         | CUSIP: 29250NCF0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    525000 | PA      | $561290.63    | 0.51%             | 2054-06-27      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                              | American Homes 4 Rent LP 4.300%, Due 04/15/52                            | CUSIP: 02666TAF4<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $768573.14    | 0.70%             | 2052-04-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| XPO INC                                                               | XPO, Inc. 6.250%, Due 06/01/28                                           | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012565.00   | 0.92%             | 2028-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SHUTTERFLY FINANCE LLC                                                | Shutterfly Finance LLC 8.5% Due 10/01/2027                               | CUSIP: 82568NAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1021250 | PA      | $1000825.00   | 0.91%             | 2027-10-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| VENTAS INC                                                            | Ventas, Inc. REIT                                                        | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      7019 | NS      | $616689.34    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO INC                                                               | Queen MergerCo Inc 6.75% Due 04/30/2032                                  | CUSIP: 74825NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1018139.00   | 0.93%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CVR ENERGY INC                                                        | CVR Energy Inc 7.5%, Due 02/15/2031                                      | CUSIP: 12662PAH1<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012720.77   | 0.92%             | 2031-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| INTEL CORP                                                            | Intel Corporation                                                        | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |      4000 | NS      | $377920.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                                                  | SOUTHSTATE BANK CORP                                                     | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3280 | NS      | $320357.60    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                                    | Energy Transfer Operating LP 7.125%, Perpetual                           | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    525000 | PA      | $539260.05    | 0.49%             | 2165-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                     | State Street Corporation Floating rate, Due 12/31/2049                   | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    475000 | PA      | $489454.73    | 0.45%             | 2049-12-31      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                   | MORGAN STANLEY & COMPANY MARGIN DEPOSIT ACCOUNT                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    459300 | PA      | $459300.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                                  | Bank of America Corp 5.518% Due 10/25/2035                               | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    635000 | PA      | $639872.10    | 0.58%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                                  | WEC Energy Group, Inc.                                                   | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      4217 | NS      | $497352.98    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORP                                                   | Alliant Energy Corporation                                               | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |      6822 | NS      | $500939.46    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| B.A.T CAPITAL CORP                                                    | BAT Capital Corp 7.75%, Due 10/19/2032                                   | CUSIP: 05526DBX2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    552000 | PA      | $633670.41    | 0.58%             | 2032-10-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HP INC                                                                | HP Inc 6.1% Due 04/25/2035                                               | CUSIP: 40434LAS4<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    295000 | PA      | $310367.78    | 0.28%             | 2035-04-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY (THE)                                             | Walt Disney Company (The)                                                | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      4272 | NS      | $443220.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| KRATOS DEFENSE & SECURITY SOLUTIONS INC                               | Kratos Defense & Security Solutions, Inc.                                | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      9000 | NS      | $567450.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN EXCHANGE-TRADED FUND TRUST                                | JPMorgan Equity Premium Income ETF                                       | CUSIP: 46641Q332<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |      9048 | NS      | $521074.32    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BALDWIN INSURANCE GROUP HOLDINGS LLC (THE)                            | Baldwin Insurance Group Holdings LLC 7.125%, Due 05/15/2031              | CUSIP: 05825XAA7<br>LEI: 5493004GCDREAQPPYG20 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506224.23    | 0.46%             | 2031-05-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                        | Gray Media Inc 7.25%, Due 08/15/2033                                     | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1018047.00   | 0.93%             | 2033-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CINEMARK USA INC                                                      | Cinemark USA Inc 7%, Due 08/01/2032                                      | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1033407.00   | 0.94%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS PLC                                                          | Barclays PLC 7.385%, Due 11/02/28                                        | CUSIP: 06738ECD5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | US        |    515000 | PA      | $535393.86    | 0.49%             | 2028-11-02      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| PROLOGIS INC                                                          | Prologis, Inc. REIT                                                      | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      4127 | NS      | $586116.54    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SCORPIO TANKERS INC                                                   | Scorpio Tankers Inc 7.5%, Due 01/30/2030                                 | CUSIP: Y754QCAA8<br>LEI: 549300NVJUH16NXG8K87 | Long             | DBT              | CORP              | MH        |    625000 | PA      | $644307.62    | 0.59%             | 2030-01-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                     | Cisco Systems, Inc.                                                      | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     10435 | NS      | $954802.50    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                        | Morgan Stanley 5.942%, Due 02/07/39                                      | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    450000 | PA      | $463454.18    | 0.42%             | 2039-02-07      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| BOEING COMPANY (THE)                                                  | Boeing Company (The)                                                     | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |     13350 | NS      | $963870.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Westwood Multi-Asset Income Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** Treasurer