# EDGAR Filing Document

**Accession Number:** 0000875186
**File Stem:** 0001003715-26-001535
**Filing Date:** 2026-4
**Character Count:** 163623
**Document Hash:** d028c9801d2550d10c99ef7e5f0b50ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001003715-26-001535.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001003715-26-001535

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY PATHWAY FUNDS
- **CENTRAL INDEX KEY:** 0000875186

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06318
- **FILM NUMBER:** 26897372

**BUSINESS ADDRESS:**
- **STREET 1:** 2000 WESTCHESTER AVENUE
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
- **BUSINESS PHONE:** 8883749999

**MAIL ADDRESS:**
- **STREET 1:** 2000 WESTCHESTER AVENUE
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CONSULTING GROUP CAPITAL MARKETS FUNDS
- **DATE OF NAME CHANGE:** 19950125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRUST FOR TRAK INVESTMENTS
- **DATE OF NAME CHANGE:** 19920929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INSTITUTIONAL ADVISORS PORTFOLIOS
- **DATE OF NAME CHANGE:** 19600201

## Series and Classes Contracts Data

### Ultra-Short Term Fixed Income Fund (Series ID: S000052237)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000164313 | Ultra-Short Term Fixed Income Fund | TSDUX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MORGAN STANLEY PATHWAY FUNDS

- **b. Investment Company Act file number:** 811-06318

- **c. CIK number of Registrant:** 0000875186

- **d. LEI of Registrant:** 549300P3RUTI9W6SLI87

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

  - **Street Address 1:** 2000 Westchester Avenue

  - **City:** Purchase

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10577

  - **Telephone number:** 888-454-3965

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

- **a. Name of Series:** Ultra-Short Term Fixed Income Fund

- **b. EDGAR series identifier (if any):** S000052237

- **c. LEI of Series:** 549300WRUOSKJP4FVL84

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $410282878.99

**Total Liabilities:** $110015569.18

**Net Assets:** $300267309.81

**Cash Not Reported:** $7475608.42

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2627.60234983 | **1-Year:** -19669.51204262 | **5-Year:** -12875.21239911 | **10-Year:** -8431.60838458 | **30-Year:** -2219.88817818

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

- **3-Month:** -34.44229602 | **1-Year:** -50.57912662 | **5-Year:** -94.69458466 | **10-Year:** -23.22592951 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000164313 | 0.41%                | 0.45%                | 0.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $50777.89                | $37653.29                                  |
| Month 2  | $-4480.08                | $270885.28                                 |
| Month 3  | $77447.39                | $88214.14                                  |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** SEC_PORT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABN AMRO BANK NV V/R 09/18/27   | ABN AMRO BANK NV REGD V/R 144A P/P 5.47065100                                                  | CUSIP: 00084DBB5<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $806222.92    | 0.27%             | 2027-09-18      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| ABN AMRO BANK NV V/R 09/18/27   | ABN AMRO BANK NV REGD V/R 5.47065100                                                           | CUSIP: 00084EAF5<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $705445.06    | 0.23%             | 2027-09-18      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB F V/R 01/07/28  | COREBRIDGE GLOB FUNDING REGD V/R 144A P/P 4.42857700                                           | CUSIP: 00138CBE7<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001158.94   | 0.33%             | 2028-01-07      | Variable      | 4.43%                 | Yes           |                  2 | On Loan: No      |
| COREBRIDGE GLOB F V/R 12/15/28  | COREBRIDGE GLOB FUNDING REGD V/R 144A P/P 4.55116100                                           | CUSIP: 00138CBL1<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199979.90    | 0.07%             | 2028-12-15      | Variable      | 4.55%                 | Yes           |                  2 | On Loan: No      |
| AERCAP IRELAND  2.45% 10/29/26  | AERCAP IRELAND CAP/GLOBA REGD 2.45000000                                                       | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   2800000 | PA      | $2773499.18   | 0.92%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP 1.875% 08/15/26  | AIR LEASE CORP REGD 1.87500000                                                                 | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   2039000 | PA      | $2018551.30   | 0.67%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP 5.3% 06/25/26    | AIR LEASE CORP REGD MTN 5.30000000                                                             | CUSIP: 00914AAW2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1104071.25   | 0.37%             | 2026-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD 4.25% 06/15/26    | AIRCASTLE LTD REGD 4.25000000                                                                  | CUSIP: 00928QAS0<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2899753.27   | 0.97%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR &  S/UP 06/15/26  | ALGONQUIN PWR & UTILITY REGD S/UP 5.36500000                                                   | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   1336000 | PA      | $1340626.96   | 0.45%             | 2026-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| FNMA 30YR TBA 5.5% APR 26       | FNMA 30YR TBA 5.5% APR 26 TO BE ANNOUNCED 5.50000000                                           | CUSIP: 01F052649<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   7200000 | PA      | $7309521.65   | 2.43%             | 2056-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 14-1  3.7% 10/01/26  | AMER AIRLN 14-1 A PTT REGD SER A 3.70000000                                                    | CUSIP: 02377AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    307392 | PA      | $306464.18    | 0.10%             | 2026-10-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS  V/R 07/28/27  | AMERICAN EXPRESS CO REGD V/R 4.65374900                                                        | CUSIP: 025816DJ5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2080000 | PA      | $2085483.23   | 0.69%             | 2027-07-28      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS  V/R 07/26/28  | AMERICAN EXPRESS CO REGD V/R 4.61338600                                                        | CUSIP: 025816DX4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    511000 | PA      | $513425.33    | 0.17%             | 2028-07-26      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| AHART 2025-1A  4.48% 08/15/28   | AMERICAN HERITAGE AUTO RECEIVABLES ISSUER TR SER 2025-1A CL A2 REGD 144A P/P 4.48000000        | CUSIP: 02650VAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    953603 | PA      | $955872.55    | 0.32%             | 2028-08-15      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN HONDA FI V/R 08/13/27  | AMERICAN HONDA FINANCE REGD V/R MTN SER GMTN 4.41610600                                        | CUSIP: 02665WGH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2913378.66   | 0.97%             | 2027-08-13      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| ANCHF 2025-19 5.036% 10/25/40   | ANCHORAGE CREDIT FUNDING 19 LTD SER 2025-19A CL A REGD 144A P/P 5.03600000                     | CUSIP: 03331VAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2005441.80   | 0.67%             | 2040-10-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| ARIFL 2024-B A 5.54% 02/15/27   | ARI FLEET LEASE TRUST 2024-B SER 2024-B CL A2 REGD 144A P/P 5.54000000                         | CUSIP: 04033HAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    821684 | PA      | $827112.98    | 0.28%             | 2033-04-15      | Fixed         | 5.54%                 | Yes           |                  2 | On Loan: No      |
| ATHENE GLOBAL FUN V/R 03/25/27  | ATHENE GLOBAL FUNDING REGD V/R 144A P/P 4.90054000                                             | CUSIP: 04685A3U3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1205709.23   | 0.40%             | 2027-03-25      | Variable      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| ATHENE GLOBAL F 4.95% 01/07/27  | ATHENE GLOBAL FUNDING REGD 144A P/P 4.95000000                                                 | CUSIP: 04685A4E8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302259.44    | 0.10%             | 2027-01-07      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| ATHENE GLOBAL FUN V/R 01/07/27  | ATHENE GLOBAL FUNDING REGD V/R 144A P/P 4.50857600                                             | CUSIP: 04685A4F5<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2003026.96   | 0.67%             | 2027-01-07      | Variable      | 4.51%                 | Yes           |                  2 | On Loan: No      |
| ATCLO 2021-16A A V/R 01/20/34   | ATLAS SENIOR LOAN FUND XVI LTD SER 2021-16A CL AR V/R REGD 144A P/P 4.76763000                 | CUSIP: 04940AAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1600489.60   | 0.53%             | 2034-01-20      | Variable      | 4.77%                 | Yes           |                  2 | On Loan: No      |
| ATCLO 2021-18A A V/R 01/18/35   | ATLAS SENIOR LOAN FUND XVIII LTD SER 2021-18A CL A1R V/R REGD 144A P/P 4.77763000              | CUSIP: 04943EAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001368.00   | 0.33%             | 2035-01-18      | Variable      | 4.78%                 | Yes           |                  2 | On Loan: No      |
| AVIATION CAPITA 1.95% 09/20/26  | AVIATION CAPITAL GROUP REGD 144A P/P 1.95000000                                                | CUSIP: 05369AAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2391177.00   | 0.80%             | 2026-09-20      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDING 4.375% 05/01/26  | AVOLON HOLDINGS FNDG LTD REGD 144A P/P 4.37500000                                              | CUSIP: 05401AAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    200000 | PA      | $200027.00    | 0.07%             | 2026-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDING 6.375% 05/04/28  | AVOLON HOLDINGS FNDG LTD REGD 144A P/P 6.37500000                                              | CUSIP: 05401AAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    600000 | PA      | $625586.87    | 0.21%             | 2028-05-04      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| BAT INTL FINAN 1.668% 03/25/26  | BAT INTL FINANCE PLC REGD 1.66800000                                                           | CUSIP: 05530QAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   1600000 | PA      | $1597565.28   | 0.53%             | 2026-03-25      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LL V/R 03/19/27  | BMW US CAPITAL LLC REGD V/R 144A P/P 4.47042600                                                | CUSIP: 05565ECV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $854220.88    | 0.28%             | 2027-03-19      | Variable      | 4.47%                 | Yes           |                  2 | On Loan: No      |
| BMW US CAPITAL LL V/R 03/21/28  | BMW US CAPITAL LLC REGD V/R 144A P/P 4.61035200                                                | CUSIP: 05565ECX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2217267.51   | 0.74%             | 2028-03-21      | Variable      | 4.61%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA V/R 10/19/27            | BPCE SA REGD V/R 144A P/P 2.04500000                                                           | CUSIP: 05583JAK8<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |   1400000 | PA      | $1383214.52   | 0.46%             | 2027-10-19      | Variable      | 2.04%                 | Yes           |                  2 | On Loan: No      |
| BCC 2022-2A A1R V/R 04/22/35    | BAIN CAPITAL CREDIT CLO 2022-2 LTD SER 2022-2A CL A1R V/R REGD 144A P/P 4.81920000             | CUSIP: 05682GAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2500000 | PA      | $2504502.50   | 0.83%             | 2035-04-22      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| BANCO SANTANDE 1.849% 03/25/26  | BANCO SANTANDER SA REGD 1.84900000                                                             | CUSIP: 05964HAL9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $798910.98    | 0.27%             | 2026-03-25      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL V/R 06/04/27   | BANK OF MONTREAL REGD V/R MTN 4.47856900                                                       | CUSIP: 06368L3M6<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    319000 | PA      | $320619.21    | 0.11%             | 2027-06-04      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL V/R 09/10/27   | BANK OF MONTREAL REGD V/R MTN 4.58000800                                                       | CUSIP: 06368L8M1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $501417.24    | 0.17%             | 2027-09-10      | Variable      | 4.58%                 | No            |                  2 | On Loan: No      |
| BAAT 2023-1A A 5.53% 02/15/28   | BANK OF AMERICA AUTO TRUST 2023-1 SER 2023-1A CL A3 REGD 144A P/P 5.53000000                   | CUSIP: 06428AAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    750846 | PA      | $756622.51    | 0.25%             | 2028-02-15      | Fixed         | 5.53%                 | Yes           |                  2 | On Loan: No      |
| BANQUE FED CRED M V/R 01/23/27  | BANQUE FED CRED MUTUEL REGD V/R 144A P/P 4.81271100                                            | CUSIP: 06675DCH3<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    680000 | PA      | $684423.72    | 0.23%             | 2027-01-23      | Variable      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS PLC V/R 11/24/27       | BARCLAYS PLC REGD V/R 2.27900000                                                               | CUSIP: 06738EBU8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1300000 | PA      | $1282717.27   | 0.43%             | 2027-11-24      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC V/R 05/09/27       | BARCLAYS PLC REGD V/R 5.82900000                                                               | CUSIP: 06738ECF0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $702275.85    | 0.23%             | 2027-05-09      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC V/R 09/13/27       | BARCLAYS PLC REGD V/R 5.57143500                                                               | CUSIP: 06738ECM5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    940000 | PA      | $946984.59    | 0.32%             | 2027-09-13      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| BARC 2024-NQM1 A V/R 01/25/28   | BARCLAYS MORTGAGE LOAN TRUST 2024-NQM1 SER 2024-NQM1 CL A1 V/R REGD 144A P/P 5.90300000        | CUSIP: 06745AAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    428474 | PA      | $431560.92    | 0.14%             | 2064-01-25      | Variable      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| BAYER US FINAN 6.125% 11/21/26  | BAYER US FINANCE LLC REGD 144A P/P 6.12500000                                                  | CUSIP: 07274EAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $709182.08    | 0.24%             | 2026-11-21      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| BSABS 2005-CL1 A V/R 09/25/34   | BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-CL1 SER 2005-CL1 CL A2 V/R REGD 4.28821000   | CUSIP: 073879V21<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     91423 | PA      | $92809.50     | 0.03%             | 2034-09-25      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| BLUEM 2018-3A A1 V/R 10/25/30   | BLUEMOUNTAIN CLO 2018-3 LTD SER 2018-3A CL A1R V/R REGD 144A P/P 4.85802000                    | CUSIP: 09630AAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    131073 | PA      | $131392.43    | 0.04%             | 2030-10-25      | Variable      | 4.86%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS V/R 06/30/27        | BNP PARIBAS REGD V/R 144A P/P 1.67500000                                                       | CUSIP: 09659W2Q6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1400000 | PA      | $1389364.45   | 0.46%             | 2027-06-30      | Variable      | 1.68%                 | Yes           |                  2 | On Loan: No      |
| BRIGHTHSE FIN G 5.55% 04/09/27  | BRIGHTHSE FIN GLBL FUND REGD 144A P/P MTN 5.55000000                                           | CUSIP: 10921U2J6<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011349.45   | 0.34%             | 2027-04-09      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| BWAY 2021-1450 A V/R 09/15/23   | BWAY 2021-1450 MORTGAGE TRUST SER 2021-1450 CL A V/R REGD 144A P/P 5.02413000                  | CUSIP: 12430YAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1600000 | PA      | $1571166.56   | 0.52%             | 2036-09-15      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| CDW LLC/CDW FIN 2.67% 12/01/26  | CDW LLC/CDW FINANCE REGD 2.67000000                                                            | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $395924.11    | 0.13%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| CCG 2025-1 A2 4.48% 10/14/32    | CCG RECEIVABLES TRUST 2025-1 SER 2025-1 CL A2 REGD 144A P/P 4.48000000                         | CUSIP: 12515XAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    337161 | PA      | $339009.86    | 0.11%             | 2032-10-14      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| CSMC 2021-INV1 A V/R 07/25/56   | CSMC 2021-INV1TRUST SER 2021-INV1 CL A11 V/R REGD 144A P/P 4.46721000                          | CUSIP: 12661XBC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    199268 | PA      | $187224.17    | 0.06%             | 2056-07-25      | Variable      | 4.47%                 | Yes           |                  2 | On Loan: No      |
| CSMC 2021-RPL4 A V/R 12/27/60   | CSMC 2021-RPL4 TRUST SER 2021-RPL4 CL A1 V/R REGD 144A P/P 4.15344000                          | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    557501 | PA      | $556155.52    | 0.19%             | 2060-12-27      | Variable      | 4.15%                 | Yes           |                  2 | On Loan: No      |
| CSMC 2022-RPL4 A V/R 03/01/62   | CSMC 2022-RPL4 TRUST SER 2022-RPL4 CL A1 V/R REGD 144A P/P 3.90435000                          | CUSIP: 12663TAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    139664 | PA      | $136780.68    | 0.05%             | 2062-04-25      | Variable      | 3.90%                 | Yes           |                  2 | On Loan: No      |
| CAMPBELLS COMPAN 5.3% 03/20/26  | CAMPBELLS COMPANY/THE REGD 5.30000000                                                          | CUSIP: 134429BL2<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2001052.20   | 0.67%             | 2026-03-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL V/R 06/28/27  | CANADIAN IMPERIAL BANK REGD V/R 4.63094100                                                     | CUSIP: 13607L8D8<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1300000 | PA      | $1309575.42   | 0.44%             | 2027-06-28      | Variable      | 4.63%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL V/R 09/08/28  | CANADIAN IMPERIAL BANK REGD V/R 4.51153300                                                     | CUSIP: 13607QFC1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1200000 | PA      | $1203236.35   | 0.40%             | 2028-09-08      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| CARMX 2024-3 A2B V/R 05/15/26   | CARMAX AUTO OWNER TRUST 2024-3 SER 2024-3 CL A2B V/R REGD 4.12819000                           | CUSIP: 14319GAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    211645 | PA      | $211682.16    | 0.07%             | 2027-09-15      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| CRVNA 2023-P2  5.42% 07/10/26   | CARVANA AUTO RECEIVABLES TRUST 2023-P2 SER 2023-P2 CL A3 REGD 144A P/P 5.42000000              | CUSIP: 14686TAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    577255 | PA      | $578680.40    | 0.19%             | 2028-04-10      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| CRVNA 2023-P4  6.16% 10/10/28   | CARVANA AUTO RECEIVABLES TRUST 2023-P4 SER 2023-P4 CL A3 REGD 144A P/P 6.16000000              | CUSIP: 14687NAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    873451 | PA      | $881075.64    | 0.29%             | 2028-10-10      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| CRVNA 2023-P1  5.94% 07/12/27   | CARVANA AUTO RECEIVABLES TRUST 2023-P1 SER 2023-P1 CL A4 REGD 144A P/P 5.94000000              | CUSIP: 14688EAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2769000 | PA      | $2806650.65   | 0.93%             | 2029-01-10      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| CRVNA 2024-P1  5.05% 04/10/29   | CARVANA AUTO RECEIVABLES TRUST 2024-P1 SER 2024-P1 CL A3 REGD 144A P/P 5.05000000              | CUSIP: 14688NAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1441633 | PA      | $1450309.31   | 0.48%             | 2029-04-10      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| CENTERPOINT ENE 1.45% 06/01/26  | CENTERPOINT ENERGY INC REGD 1.45000000                                                         | CUSIP: 15189TBA4<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1987219.24   | 0.66%             | 2026-06-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| CHAOT 2024-3A  5.22% 01/25/28   | CHASE AUTO OWNER TRUST 2024-3 SER 2024-3A CL A3 REGD 144A P/P 5.22000000                       | CUSIP: 16144LAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1827562 | PA      | $1847535.87   | 0.62%             | 2029-07-25      | Fixed         | 5.22%                 | Yes           |                  2 | On Loan: No      |
| CHASE 2024-9 A11 V/R 04/25/47   | CHASE HOME LENDING MORTGAGE TRUST 2024-9 SER 2024-9 CL A11 V/R REGD 144A P/P 4.91721000        | CUSIP: 16160QAX2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    343345 | PA      | $344958.20    | 0.11%             | 2055-09-25      | Variable      | 4.92%                 | Yes           |                  2 | On Loan: No      |
| CFII 2024-1A A 5.52% 09/15/27   | CHESAPEAKE FUNDING II LLC SER 2024-1A CL A1 REGD 144A P/P 5.52000000                           | CUSIP: 165183DE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    281525 | PA      | $285160.33    | 0.09%             | 2036-05-15      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF CHI 2.75% 01/31/27  | REPUBLIC OF CHILE REGD 2.75000000                                                              | CUSIP: 168863DX3<br>LEI: N/A                  | Long             | DBT              | USGA              | CL        |    800000 | PA      | $790840.00    | 0.26%             | 2027-01-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC V/R 06/09/27      | CITIGROUP INC REGD V/R 4.47880000                                                              | CUSIP: 172967MZ1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1065000 | PA      | $1066009.26   | 0.36%             | 2027-06-09      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| CMLTI 2021-INV3  V/R 05/25/51   | CITIGROUP MORTGAGE LOAN TRUST 2021-INV3 SER 2021-INV3 CL A11 V/R REGD 144A P/P 4.51721000      | CUSIP: 17329VDF3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1304534 | PA      | $1223191.63   | 0.41%             | 2051-05-25      | Variable      | 4.52%                 | Yes           |                  2 | On Loan: No      |
| CONAGRA BRANDS 7.125% 10/01/26  | CONAGRA BRANDS INC REGD 7.12500000                                                             | CUSIP: 205887AF9<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016364.93   | 0.34%             | 2026-10-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATI 3.35% 09/15/26  | COX COMMUNICATIONS INC REGD 144A P/P 3.35000000                                                | CUSIP: 224044CG0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $218950.28    | 0.07%             | 2026-09-15      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| CREDIT AGRICOLE S V/R 07/05/26  | CREDIT AGRICOLE SA REGD V/R 144A P/P 4.97666700                                                | CUSIP: 22534PAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    625000 | PA      | $627546.89    | 0.21%             | 2026-07-05      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| CREDIT AGRICOLE S V/R 07/05/26  | CREDIT AGRICOLE SA REGD V/R REG S 4.97666700                                                   | CUSIP: 22535EAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    600000 | PA      | $602445.01    | 0.20%             | 2026-07-05      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| DLLAA 2025-1A A 4.7% 10/20/27   | DLLAA 2025-1 LLC SER 2025-1A CL A2 REGD 144A P/P 4.70000000                                    | CUSIP: 233249AB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    661954 | PA      | $664348.22    | 0.22%             | 2027-10-20      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| DNB BANK ASA V/R 05/25/27       | DNB BANK ASA REGD V/R 144A P/P 1.53500000                                                      | CUSIP: 23329PAG5<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |    600000 | PA      | $596547.67    | 0.20%             | 2027-05-25      | Variable      | 1.53%                 | Yes           |                  2 | On Loan: No      |
| DLLAD 2024-1A A 5.5% 06/20/26   | DLLAD 2024-1 LLC SER 2024-1A CL A2 REGD 144A P/P 5.50000000                                    | CUSIP: 23346MAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    269869 | PA      | $270870.94    | 0.09%             | 2027-08-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| DELL INT LLC / E 4.9% 10/01/26  | DELL INT LLC / EMC CORP REGD 4.90000000                                                        | CUSIP: 24703TAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1592000 | PA      | $1597822.98   | 0.53%             | 2026-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| DEFT 2024-2 A2 4.69% 08/22/30   | DELL EQUIPMENT FINANCE TRUST 2024-2 SER 2024-2 CL A2 REGD 144A P/P 4.69000000                  | CUSIP: 24704EAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    695052 | PA      | $696168.42    | 0.23%             | 2030-08-22      | Fixed         | 4.69%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK NY V/R 11/16/27   | DEUTSCHE BANK NY REGD V/R 4.90571300                                                           | CUSIP: 251526CN7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    935000 | PA      | $938135.17    | 0.31%             | 2027-11-16      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY V/R 01/07/28   | DEUTSCHE BANK NY REGD V/R 144A 2.55200000                                                      | CUSIP: 25160PAH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $296300.53    | 0.10%             | 2028-01-07      | Variable      | 2.55%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK NY V/R 07/13/27   | DEUTSCHE BANK NY REGD V/R 7.14600000                                                           | CUSIP: 25160PAN7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2022773.02   | 0.67%             | 2027-07-13      | Variable      | 7.15%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENE 3.25% 12/01/26  | DIAMONDBACK ENERGY INC REGD 3.25000000                                                         | CUSIP: 25278XAM1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1095429.65   | 0.36%             | 2026-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPE 2.55% 09/15/26  | KEURIG DR PEPPER INC REGD 2.55000000                                                           | CUSIP: 26138EAU3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198482.24    | 0.07%             | 2026-09-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| DRSLF 2017-54A A V/R 10/19/29   | DRYDEN 54 SENIOR LOAN FUND SER 2017-54A CL AR V/R REGD 144A P/P 4.81763000                     | CUSIP: 26244RAF8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      8957 | PA      | $8961.37      | 0.00%             | 2029-10-19      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| DRSLF 2021-95A A V/R 08/20/34   | DRYDEN 95 CLO LTD SER 2021-95A CL AR V/R REGD 144A P/P 4.69557000                              | CUSIP: 262487AJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400147.60    | 0.13%             | 2034-08-20      | Variable      | 4.70%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY COR 2.65% 09/01/26  | DUKE ENERGY CORP REGD 2.65000000                                                               | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    304000 | PA      | $302066.32    | 0.10%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY COR 4.85% 01/05/27  | DUKE ENERGY CORP REGD 4.85000000                                                               | CUSIP: 26441CCB9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403299.60    | 0.13%             | 2027-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ECMC 2018-1A A V/R 02/25/30     | ECMC GROUP STUDENT LOAN TRUST 2018-1 SER 2018-1A CL A V/R 144A P/P 4.53169000                  | CUSIP: 26828HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    287383 | PA      | $286471.47    | 0.10%             | 2068-02-27      | Variable      | 4.53%                 | Yes           |                  2 | On Loan: No      |
| ECMC 2017-2A A V/R 05/25/67     | ECMC GROUP STUDENT LOAN TRUST 2017-2 SER 2017-2A CL A V/R 144A P/P 4.83169000                  | CUSIP: 26828VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400752 | PA      | $403946.27    | 0.13%             | 2067-05-25      | Variable      | 4.83%                 | Yes           |                  2 | On Loan: No      |
| ECMC 2019-1A A1B V/R 04/25/30   | ECMC GROUP STUDENT LOAN TRUST 2019-1 SER 2019-1A CL A1B V/R 144A P/P 4.78169000                | CUSIP: 26829XAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    431222 | PA      | $432795.92    | 0.14%             | 2069-07-25      | Variable      | 4.78%                 | Yes           |                  2 | On Loan: No      |
| ELFI 2021-A A 1.53% 12/26/46    | ELFI GRADUATE LOAN PROGRAM 2021-A LLC SER 2021-A CL A REGD 144A P/P 1.53000000                 | CUSIP: 28628BAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1182090 | PA      | $1071862.73   | 0.36%             | 2046-12-26      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| ENEL FINANCE I 3.625% 05/25/27  | ENEL FINANCE INTL NV REGD P/P 3.62500000                                                       | CUSIP: 29278GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    600000 | PA      | $598648.67    | 0.20%             | 2027-05-25      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER  5.5% 06/01/27  | ENERGY TRANSFER LP REGD SER * 5.50000000                                                       | CUSIP: 29278NAN3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203145.42    | 0.07%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA V/R 09/15/27  | EQUITABLE AMERICA GLOBAL REGD V/R 144A P/P 4.40157100                                          | CUSIP: 29446Q2D4<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1300811.92   | 0.43%             | 2027-09-15      | Variable      | 4.40%                 | Yes           |                  2 | On Loan: No      |
| EVERSOURCE ENERG 1.4% 08/15/26  | EVERSOURCE ENERGY REGD SER U 1.40000000                                                        | CUSIP: 30040WAN8<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1481980.26   | 0.49%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| EXELON CORP 3.4% 04/15/26       | EXELON CORP REGD 3.40000000                                                                    | CUSIP: 30161NAU5<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    816000 | PA      | $815369.90    | 0.27%             | 2026-04-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUND 1.75% 06/30/26  | F&G GLOBAL FUNDING REGD 144A P/P 1.75000000                                                    | CUSIP: 30321L2A9<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2974978.29   | 0.99%             | 2026-06-30      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD0251 4% 06/01/49       | FREDDIE MAC POOL UMBS P#SD0251 4.00000000                                                      | CUSIP: 3132DMH40<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     46389 | PA      | $45751.84     | 0.02%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD8006 4% 08/01/49       | FREDDIE MAC POOL UMBS P#SD8006 4.00000000                                                      | CUSIP: 3132DV3P8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    323001 | PA      | $317493.40    | 0.11%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD8012 4% 09/01/49       | FREDDIE MAC POOL UMBS P#SD8012 4.00000000                                                      | CUSIP: 3132DV3V5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    273078 | PA      | $269174.94    | 0.09%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNR 2017-108 AF V/R 01/25/48    | FANNIE MAE REMICS SER 2017-108 CL AF V/R 4.08169000                                            | CUSIP: 3136B0SA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    619040 | PA      | $612717.36    | 0.20%             | 2048-01-25      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| FNR 2019-9 FA V/R 03/25/49      | FANNIE MAE REMICS SER 2019-9 CL FA V/R 4.31478000                                              | CUSIP: 3136B33L2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    190946 | PA      | $189750.28    | 0.06%             | 2049-03-25      | Variable      | 4.31%                 | No            |                  2 | On Loan: No      |
| FNR 2024-90 FB V/R 11/25/53     | FANNIE MAE REMICS SER 2024-90 CL FB V/R 4.91721000                                             | CUSIP: 3136BTXD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    674623 | PA      | $682991.27    | 0.23%             | 2053-11-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| FNR 2025-16 FA V/R 03/25/55     | FANNIE MAE REMICS SER 2025-16 CL FA V/R 4.81721000                                             | CUSIP: 3136BU5D8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    371593 | PA      | $374373.33    | 0.12%             | 2055-03-25      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| FNR 2024-101 FB V/R 01/25/55    | FANNIE MAE REMICS SER 2024-101 CL FB V/R 4.76721000                                            | CUSIP: 3136BUFJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    842733 | PA      | $848612.81    | 0.28%             | 2055-01-25      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| FNR 2024-103 FJ V/R 01/25/55    | FANNIE MAE REMICS SER 2024-103 CL FJ V/R 4.86721000                                            | CUSIP: 3136BUPN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    547040 | PA      | $552654.58    | 0.18%             | 2055-01-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| FNR 2024-103 FC V/R 01/25/55    | FANNIE MAE REMICS SER 2024-103 CL FC V/R 4.81721000                                            | CUSIP: 3136BUQH6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    383744 | PA      | $387246.84    | 0.13%             | 2055-01-25      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| FNR 2025-6 FA V/R 02/25/55      | FANNIE MAE REMICS SER 2025-6 CL FA V/R 4.91721000                                              | CUSIP: 3136BUTN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    198027 | PA      | $200229.13    | 0.07%             | 2055-02-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| FNR 2025-4 FB V/R 12/25/53      | FANNIE MAE REMICS SER 2025-4 CL FB V/R 4.86721000                                              | CUSIP: 3136BUU65<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    243801 | PA      | $246233.93    | 0.08%             | 2053-12-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| FNR 2025-19 FC V/R 03/25/55     | FANNIE MAE REMICS SER 2025-19 CL FC V/R 4.82721000                                             | CUSIP: 3136BVBY3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    413441 | PA      | $417064.23    | 0.14%             | 2055-03-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| FNR 2025-40 FP V/R 10/25/54     | FANNIE MAE REMICS SER 2025-40 CL FP V/R 4.66721000                                             | CUSIP: 3136BWGV2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1119666 | PA      | $1128681.70   | 0.38%             | 2054-10-25      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| FNR 2025-95 F V/R 12/25/53      | FANNIE MAE REMICS SER 2025-95 CL F V/R 4.56721000                                              | CUSIP: 3136BXN67<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2422731 | PA      | $2433905.91   | 0.81%             | 2053-12-25      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| FNR 2025-99 KF V/R 11/25/55     | FANNIE MAE REMICS SER 2025-99 CL KF V/R 4.66721000                                             | CUSIP: 3136BXY40<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1186552 | PA      | $1193740.98   | 0.40%             | 2055-11-25      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| FNR 2025-88 FM V/R 08/25/55     | FANNIE MAE REMICS SER 2025-88 CL FM V/R 4.56721000                                             | CUSIP: 3136BXZK3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    684972 | PA      | $689210.35    | 0.23%             | 2055-08-25      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| FNR 2025-88 KF V/R 09/25/55     | FANNIE MAE REMICS SER 2025-88 CL KF V/R 4.71721000                                             | CUSIP: 3136BXZS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7487409 | PA      | $7542784.12   | 2.51%             | 2055-09-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| FHR 4344 FA V/R 12/15/37        | FREDDIE MAC REMICS SER 4344 CL FA V/R 4.36478000                                               | CUSIP: 3137BAJK9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    306866 | PA      | $300735.29    | 0.10%             | 2037-12-15      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| FHR 4351 FA V/R 05/15/38        | FREDDIE MAC REMICS SER 4351 CL FA V/R 4.36478000                                               | CUSIP: 3137BBQ37<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    358707 | PA      | $352506.62    | 0.12%             | 2038-05-15      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| FHR 4906 WF V/R 12/15/38        | FREDDIE MAC REMICS SER 4906 CL WF V/R 4.31478000                                               | CUSIP: 3137FNWL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    775537 | PA      | $766375.26    | 0.26%             | 2038-12-15      | Variable      | 4.31%                 | No            |                  2 | On Loan: No      |
| FHR 5484 FA V/R 12/25/54        | FREDDIE MAC REMICS SER 5484 CL FA V/R 4.86721000                                               | CUSIP: 3137HHKS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     62906 | PA      | $63531.93     | 0.02%             | 2054-12-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| FHR 5481 FJ V/R 12/25/54        | FREDDIE MAC REMICS SER 5481 CL FJ V/R 4.81721000                                               | CUSIP: 3137HHQ95<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    668208 | PA      | $674328.69    | 0.22%             | 2054-12-25      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| FHR 5496 AF V/R 01/25/55        | FREDDIE MAC REMICS SER 5496 CL AF V/R 4.76721000                                               | CUSIP: 3137HHZL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    859407 | PA      | $865206.95    | 0.29%             | 2055-01-25      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| FHR 5495 AF V/R 01/25/55        | FREDDIE MAC REMICS SER 5495 CL AF V/R 4.81721000                                               | CUSIP: 3137HJ2H9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    774474 | PA      | $781543.52    | 0.26%             | 2055-01-25      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| FHR 5491 FL V/R 01/25/55        | FREDDIE MAC REMICS SER 5491 CL FL V/R 4.86721000                                               | CUSIP: 3137HJ5P8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    230428 | PA      | $232798.75    | 0.08%             | 2055-01-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| FHR 5500 GF V/R 10/25/54        | FREDDIE MAC REMICS SER 5500 CL GF V/R 4.61721000                                               | CUSIP: 3137HJB30<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    222638 | PA      | $224085.10    | 0.07%             | 2054-10-25      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| FHR 5508 QF V/R 02/25/55        | FREDDIE MAC REMICS SER 5508 CL QF V/R 4.61721000                                               | CUSIP: 3137HJVX2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    823007 | PA      | $828833.97    | 0.28%             | 2055-02-25      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| FHR 5513 MF V/R 11/25/54        | FREDDIE MAC REMICS SER 5513 CL MF V/R 4.60721000                                               | CUSIP: 3137HKEX8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2874091 | PA      | $2892669.91   | 0.96%             | 2054-11-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| FHR 5511 FG V/R 03/25/55        | FREDDIE MAC REMICS SER 5511 CL FG V/R 4.81721000                                               | CUSIP: 3137HKKP8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    249070 | PA      | $251279.84    | 0.08%             | 2055-03-25      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| FHR 5532 FA V/R 04/25/55        | FREDDIE MAC REMICS SER 5532 CL FA V/R 4.61721000                                               | CUSIP: 3137HKPJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1897660 | PA      | $1910142.29   | 0.64%             | 2055-04-25      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| FHR 5548 AF V/R 06/25/55        | FREDDIE MAC REMICS SER 5548 CL AF V/R 4.66721000                                               | CUSIP: 3137HLJG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1487193 | PA      | $1495199.64   | 0.50%             | 2055-06-25      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| FHR 5567 FB V/R 08/25/55        | FREDDIE MAC REMICS SER 5567 CL FB V/R 4.66721000                                               | CUSIP: 3137HMEX4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    758500 | PA      | $764799.24    | 0.25%             | 2055-08-25      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| FHR 5565 FB V/R 08/25/55        | FREDDIE MAC REMICS SER 5565 CL FB V/R 4.61721000                                               | CUSIP: 3137HMGK0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    977697 | PA      | $983212.75    | 0.33%             | 2055-08-25      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| FHR 5584 DF V/R 10/25/55        | FREDDIE MAC REMICS SER 5584 CL DF V/R 4.56721000                                               | CUSIP: 3137HNCM8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1942469 | PA      | $1954423.65   | 0.65%             | 2055-10-25      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| FHR 5593 FB V/R 11/25/55        | FREDDIE MAC REMICS SER 5593 CL FB V/R 4.56721000                                               | CUSIP: 3137HNV47<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    383670 | PA      | $386064.21    | 0.13%             | 2055-11-25      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| FHR 5607 FA V/R 12/25/55        | FREDDIE MAC REMICS SER 5607 CL FA V/R 4.56721000                                               | CUSIP: 3137HNZB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    449864 | PA      | $451914.15    | 0.15%             | 2055-12-25      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| FINA 2004-2 M1 V/R 08/25/34     | FINANCE AMERICA MORTGAGE LOAN TRUST 2004-2 SER 2004-2 CL M1 V/R REGD 4.61321000                | CUSIP: 317350BD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    115971 | PA      | $113537.52    | 0.04%             | 2034-08-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| FISERV INC 5.15% 03/15/27       | FISERV INC REGD 5.15000000                                                                     | CUSIP: 337738BJ6<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302974.43    | 0.10%             | 2027-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP 4.15% 07/15/27 | FIRSTENERGY CORP REGD SER B 3.90000000                                                         | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502582.88    | 0.17%             | 2027-07-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| F/C 3 MONTH SOFR FUT  DEC27     | FUTURE CONTRACT ON           3 MONTH SOFR FUT  DEC27 0.00000000                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |        19 | NC      | $4609400.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CRE 4.271% 01/09/27  | FORD MOTOR CREDIT CO LLC REGD 4.27100000                                                       | CUSIP: 345397A45<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000230.54   | 0.67%             | 2027-01-09      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CRED 4.95% 05/28/27  | FORD MOTOR CREDIT CO LLC REGD 4.95000000                                                       | CUSIP: 345397C27<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $201467.82    | 0.07%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CRE 5.125% 11/05/26  | FORD MOTOR CREDIT CO LLC REGD 5.12500000                                                       | CUSIP: 345397F81<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $804791.38    | 0.27%             | 2026-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CRE 4.542% 08/01/26  | FORD MOTOR CREDIT CO LLC REGD 4.54200000                                                       | CUSIP: 345397ZW6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $400034.92    | 0.13%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| FORTIS INC 3.055% 10/04/26      | FORTIS INC REGD SER WI 3.05500000                                                              | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $596382.47    | 0.20%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| FHLT 2005-A M3 V/R 01/25/35     | FREMONT HOME LOAN TRUST 2005-A SER 2005-A CL M3 V/R REGD 4.52321000                            | CUSIP: 35729PHN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     13467 | PA      | $13430.89     | 0.00%             | 2035-01-25      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| FRESENIUS MED  1.875% 12/01/26  | FRESENIUS MED CARE III REGD 144A P/P 1.87500000                                                | CUSIP: 35805BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $393743.57    | 0.13%             | 2026-12-01      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| F/C US 2YR NOTE (CBT) JUN26     | FUTURE CONTRACT ON           US 2YR NOTE (CBT) JUN26 0.00000000                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |      -396 | NC      | $-82872281.45 | -27.60%           |  |  |  | No            |                  1 | On Loan: No      |
| F/C US 5YR NOTE (CBT) JUN26     | FUTURE CONTRACT ON           US 5YR NOTE (CBT) JUN26 0.00000000                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       325 | NC      | $35795703.13  | 11.92%            |  |  |  | No            |                  1 | On Loan: No      |
| F/C US 10YR NOTE (CBT)JUN26     | FUTURE CONTRACT ON           US 10YR NOTE (CBT)JUN26 0.00000000                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       -56 | NC      | $-6373500.00  | -2.12%            |  |  |  | No            |                  1 | On Loan: No      |
| F/C US ULTRA BOND CBT JUN26     | FUTURE CONTRACT ON           US ULTRA BOND CBT JUN26 0.00000000                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       -41 | NC      | $-4985343.75  | -1.66%            |  |  |  | No            |                  1 | On Loan: No      |
| F/C US 10YR ULTRA FUT JUN26     | FUTURE CONTRACT ON           US 10YR ULTRA FUT JUN26 0.00000000                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       -73 | NC      | $-8521609.38  | -2.84%            |  |  |  | No            |                  1 | On Loan: No      |
| RC R/P CITIGR  3.860% 03/02/26  | RC R/P CITIGR  3.860% 03/02/26 3.86000000                                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |  -3718406 | PA      | $-3718405.53  | -1.24%            |  |  |  | No            |                  2 | On Loan: No      |
| RC R/P BARCLA  3.780% 03/09/26  | RC R/P BARCLA  3.780% 03/09/26 3.78000000                                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |   -135750 | PA      | $-135750.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| RC R/P BOFA S  3.800% 03/04/26  | RC R/P BOFA S  3.800% 03/04/26 3.80000000                                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |   -950250 | PA      | $-950250.00   | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| RC R/P BOFA S  3.780% 03/05/26  | RC R/P BOFA S  3.780% 03/05/26 3.78000000                                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |  -9251250 | PA      | $-9251250.00  | -3.08%            |  |  |  | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDI 2.25% 01/06/27  | GA GLOBAL FUNDING TRUST REGD 144A P/P 2.25000000                                               | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295578.99    | 0.10%             | 2027-01-06      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| GA GLOBAL FUNDIN 4.4% 09/23/27  | GA GLOBAL FUNDING TRUST REGD 144A P/P 4.40000000                                               | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1304993.35   | 0.43%             | 2027-09-23      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| GATX CORP 5.4% 03/15/27         | GATX CORP REGD 5.40000000                                                                      | CUSIP: 361448BP7<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304302.61    | 0.10%             | 2027-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM3 A V/R 05/25/66   | GCAT 2021-NQM3 TRUST SER 2021-NQM3 CL A1 V/R REGD 144A P/P 1.09100000                          | CUSIP: 36167HAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    524534 | PA      | $470203.16    | 0.16%             | 2066-05-25      | Variable      | 1.09%                 | Yes           |                  2 | On Loan: No      |
| GCAT 2022-HX1 A1 V/R 12/27/66   | GCAT 2022-CM1 TRUST SER 2022-HX1 CL A1 V/R REGD 144A P/P 2.88500000                            | CUSIP: 36168XAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    629296 | PA      | $592921.39    | 0.20%             | 2066-12-27      | Variable      | 2.88%                 | Yes           |                  2 | On Loan: No      |
| GSMBS 2021-RPL1  V/R 12/25/60   | GS MORTGAGE-BACKED SECURITIES CORP TRUST 2021 SER 2021-RPL1 CL A1 V/R REGD 144A P/P 1.75000000 | CUSIP: 36261WAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    856103 | PA      | $812747.60    | 0.27%             | 2060-12-25      | Variable      | 1.75%                 | Yes           |                  2 | On Loan: No      |
| GSMBS 2021-GR2 A V/R 02/25/52   | GS MORTGAGE-BACKED SECURITIES TRUST 2021-GR2 SER 2021-GR2 CL A9 V/R REGD 144A P/P 4.54728000   | CUSIP: 36262JAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    634663 | PA      | $595167.89    | 0.20%             | 2052-02-25      | Variable      | 4.55%                 | Yes           |                  2 | On Loan: No      |
| GSMBS 2021-INV1  V/R 12/25/43   | GS MORTGAGE-BACKED SECURITIES TRUST 2021-INV1 SER 2021-INV1 CL A9 V/R REGD 144A P/P 4.54728000 | CUSIP: 36263KAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    217098 | PA      | $203595.85    | 0.07%             | 2051-12-25      | Variable      | 4.55%                 | Yes           |                  2 | On Loan: No      |
| GSMBS 2024-PJ7 A V/R 07/25/44   | GS MORTGAGE-BACKED SECURITIES TRUST 2024-PJ7 SER 2024-PJ7 CL A25 V/R REGD 144A P/P 5.01755000  | CUSIP: 362949BR9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    386046 | PA      | $387870.27    | 0.13%             | 2054-11-25      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| GALL 2017-1A A1R V/R 07/15/31   | GALLATIN CLO VIII 2017-1 LTD SER 2017-1A CL A1R V/R REGD 144A P/P 5.02380000                   | CUSIP: 36361UAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    278701 | PA      | $279063.05    | 0.09%             | 2031-07-15      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FI V/R 05/08/27  | GENERAL MOTORS FINL CO REGD V/R 5.03439500                                                     | CUSIP: 37045XES1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1309320.03   | 0.44%             | 2027-05-08      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDI 5.338% 04/04/27  | GLENCORE FUNDING LLC REGD 144A P/P 5.33800000                                                  | CUSIP: 378272BR8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1522134.26   | 0.51%             | 2027-04-04      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PAYMENTS 2.15% 01/15/27  | GLOBAL PAYMENTS INC REGD 2.15000000                                                            | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    600000 | PA      | $590589.58    | 0.20%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| GCCT 2022-1A A 1.97% 01/15/27   | GOLDEN CREDIT CARD TRUST SER 2022-1A CL A REGD 144A P/P 1.97000000                             | CUSIP: 380881FE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | CA        |   1100000 | PA      | $1081600.30   | 0.36%             | 2029-01-15      | Fixed         | 1.97%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GRO V/R 01/21/29  | GOLDMAN SACHS GROUP INC REGD V/R 4.39171100                                                    | CUSIP: 38141GD76<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1901120.54   | 0.63%             | 2029-01-21      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GRO V/R 03/09/27  | GOLDMAN SACHS GROUP INC REGD V/R 1.43100000                                                    | CUSIP: 38141GYA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499693.99    | 0.17%             | 2027-03-09      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GRO V/R 10/21/27  | GOLDMAN SACHS GROUP INC REGD V/R 1.94800000                                                    | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986691.72    | 0.33%             | 2027-10-21      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GCBSL 2020-50A A V/R 04/20/35   | GOLUB CAPITAL PARTNERS CLO 50B-R LTD SER 2020-50A CL A1R2 V/R REGD 144A P/P 4.77763000         | CUSIP: 38178DAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1300000 | PA      | $1302987.40   | 0.43%             | 2035-04-20      | Variable      | 4.78%                 | Yes           |                  2 | On Loan: No      |
| GNR 2017-H15 FE V/R 07/20/67    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2017-H15 CL FE V/R 5.58070000                     | CUSIP: 38376R6F8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    465855 | PA      | $473448.12    | 0.16%             | 2067-07-20      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| GNR 2016-H06 FD V/R 07/20/65    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2016-H06 CL FD V/R 4.71691000                     | CUSIP: 38376RSG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    269650 | PA      | $271304.69    | 0.09%             | 2065-07-20      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| GNR 2025-135 FE V/R 08/20/55    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2025-135 CL FE V/R 4.81154000                     | CUSIP: 38381QDY4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7744947 | PA      | $7826625.76   | 2.61%             | 2055-08-20      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| GNR 2020-17 EU 2.5% 10/20/49    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2020-17 CL EU 2.50000000                          | CUSIP: 38382CP47<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     60361 | PA      | $54972.27     | 0.02%             | 2049-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNR 2020-21 AC 2.5% 01/20/49    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2020-21 CL AC 2.50000000                          | CUSIP: 38382DMC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     41986 | PA      | $38352.39     | 0.01%             | 2049-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNR 2021-122 FA V/R 07/20/51    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-122 CL FA V/R 3.00000000                     | CUSIP: 38382WCY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2665185 | PA      | $2368773.88   | 0.79%             | 2051-07-20      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| GNR 2023-H11 FC V/R 05/20/73    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2023-H11 CL FC V/R 4.76154000                     | CUSIP: 38382Y5C3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    188391 | PA      | $192955.93    | 0.06%             | 2073-05-20      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| GNR 2023-H24 FA V/R 10/20/73    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2023-H24 CL FA V/R 4.61154000                     | CUSIP: 38383KGP1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    356522 | PA      | $362812.14    | 0.12%             | 2073-10-20      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| GNR 2023-H27 FD V/R 11/20/73    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2023-H27 CL FD V/R 4.76154000                     | CUSIP: 38383KHV7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    171424 | PA      | $175838.88    | 0.06%             | 2073-11-20      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| GNR 2024-H01 FB V/R 01/20/74    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2024-H01 CL FB V/R 4.56154000                     | CUSIP: 38383KNN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    745214 | PA      | $756739.31    | 0.25%             | 2074-01-20      | Variable      | 4.56%                 | No            |                  2 | On Loan: No      |
| GNR 2025-H22 F V/R 10/20/75     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2025-H22 CL F V/R 4.44154000                      | CUSIP: 38384LA58<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    348211 | PA      | $351496.61    | 0.12%             | 2075-10-20      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| GNR 2025-H20 FA V/R 09/20/75    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2025-H20 CL FA V/R 4.43154000                     | CUSIP: 38384LB73<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    349495 | PA      | $352891.84    | 0.12%             | 2075-09-20      | Variable      | 4.43%                 | No            |                  2 | On Loan: No      |
| GWOLF 2020-3RA A V/R 04/22/33   | GREYWOLF CLO III LTD SER 2020-3RA CL A1R2 V/R REGD 144A P/P 4.89920000                         | CUSIP: 39809CAY0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    852347 | PA      | $853487.12    | 0.28%             | 2033-04-22      | Variable      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| HCA INC 4.5% 02/15/27           | HCA INC REGD 4.50000000                                                                        | CUSIP: 404119BU2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1678092.30   | 0.56%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HCA INC        DISC 03/20/26    | HCA INC        DISC 03/20/26 0.00000000                                                        | CUSIP: 40412DCL1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1100000 | PA      | $1097613.92   | 0.37%             | 2026-03-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC V/R 03/04/27       | HSBC USA INC REGD V/R 4.67856800                                                               | CUSIP: 40428HA51<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006164.77   | 0.34%             | 2027-03-04      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC V/R 06/03/28       | HSBC USA INC REGD V/R 4.69408200                                                               | CUSIP: 40428HS29<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $130914.58    | 0.04%             | 2028-06-03      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY P 5.5% 10/15/26  | HARBOUR ENERGY PLC REGD 144A P/P 5.50000000                                                    | CUSIP: 411618AB7<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $298419.00    | 0.10%             | 2026-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: —       |
| HERTZ 2023-1A  5.49% 06/25/26   | HERTZ VEHICLE FINANCING III LLC SER 2023-1A CL A REGD 144A P/P 5.49000000                      | CUSIP: 42806MBS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    666667 | PA      | $667398.27    | 0.22%             | 2027-06-25      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| HYATT HOTELS CO 5.75% 01/30/27  | HYATT HOTELS CORP REGD 5.75000000                                                              | CUSIP: 448579AQ5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202773.02    | 0.07%             | 2027-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL A V/R 03/25/27  | HYUNDAI CAPITAL AMERICA REGD V/R 144A P/P 4.68053800                                           | CUSIP: 44891ADS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $502228.42    | 0.17%             | 2027-03-25      | Variable      | 4.68%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL A V/R 06/24/27  | HYUNDAI CAPITAL AMERICA REGD V/R REG S 4.73037500                                              | CUSIP: 44891CDE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1508569.73   | 0.50%             | 2027-06-24      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL A V/R 01/07/28  | HYUNDAI CAPITAL AMERICA REGD V/R REG S 4.59857700                                              | CUSIP: 44891CDN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1104449.69   | 0.37%             | 2028-01-07      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC 4.65% 09/09/26     | ILLUMINA INC REGD 4.65000000                                                                   | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301073.13    | 0.10%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS  3.5% 07/26/26  | IMPERIAL BRANDS FIN PLC REGD 144A P/P 3.50000000                                               | CUSIP: 45262BAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    300000 | PA      | $299080.37    | 0.10%             | 2026-07-26      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| ING GROEP NV V/R 04/01/27       | ING GROEP NV REGD V/R 4.70079000                                                               | CUSIP: 456837AX1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   2700000 | PA      | $2701261.28   | 0.90%             | 2027-04-01      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV V/R 09/11/27       | ING GROEP NV REGD V/R 5.25693000                                                               | CUSIP: 456837BJ1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    629000 | PA      | $632912.10    | 0.21%             | 2027-09-11      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| JPMMT 2019-INV3  V/R 06/01/42   | JP MORGAN MORTGAGE TRUST 2019-INV3 SER 2019-INV3 CL A3 V/R REGD 144A P/P 3.50000000            | CUSIP: 46591LAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    131147 | PA      | $121800.23    | 0.04%             | 2050-05-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JPMMT 2021-12 A1 V/R 02/25/52   | JP MORGAN MORTGAGE TRUST 2021-12 SER 2021-12 CL A11 V/R REGD 144A P/P 4.54728000               | CUSIP: 46592WBE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    272520 | PA      | $255477.43    | 0.09%             | 2052-02-25      | Variable      | 4.55%                 | Yes           |                  2 | On Loan: No      |
| JPMMT 2025-NQM1  V/R 03/25/29   | JP MORGAN MORTGAGE TRUST SERIES 2025 SER 2025-NQM1 CL A1 V/R REGD 144A P/P 5.59100000          | CUSIP: 46593QAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    154861 | PA      | $156552.08    | 0.05%             | 2065-06-25      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 02/24/28  | JPMORGAN CHASE & CO REGD V/R SER . 4.86608700                                                  | CUSIP: 46647PCY0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    339000 | PA      | $341317.21    | 0.11%             | 2028-02-24      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 04/22/28  | JPMORGAN CHASE & CO REGD V/R SER . 4.60237500                                                  | CUSIP: 46647PEF9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005464.85   | 0.33%             | 2028-04-22      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 10/22/28  | JPMORGAN CHASE & CO REGD V/R 4.54237500                                                        | CUSIP: 46647PEN2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    800000 | PA      | $803494.79    | 0.27%             | 2028-10-22      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| JPMCC 2019-FL12  V/R 04/15/21   | JP MORGAN CHASE COMMERCIAL MORTGAGE SE SER 2019-FL12 CL A V/R REGD 144A P/P 5.15701000         | CUSIP: 46651QAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    137825 | PA      | $137606.38    | 0.05%             | 2031-12-15      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| JACKSON NATL LIFE V/R 01/14/28  | JACKSON NATL LIFE GLOBAL REGD V/R 144A P/P 4.64995200                                          | CUSIP: 46849CJN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $300836.70    | 0.10%             | 2028-01-14      | Variable      | 4.65%                 | Yes           |                  2 | On Loan: No      |
| JACKSON NATL LIFE V/R 06/09/27  | JACKSON NATL LIFE GLOBAL REGD V/R 144A P/P 4.59881300                                          | CUSIP: 46849CJR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $200455.23    | 0.07%             | 2027-06-09      | Variable      | 4.60%                 | Yes           |                  2 | On Loan: No      |
| JACKSON NATL LIFE V/R 09/12/28  | JACKSON NATL LIFE GLOBAL REGD V/R 144A P/P 4.64401400                                          | CUSIP: 46849CJS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2006490.62   | 0.67%             | 2028-09-12      | Variable      | 4.64%                 | Yes           |                  2 | On Loan: No      |
| JDE PEET'S NV 1.375% 01/15/27   | JDE PEET'S NV REGD 144A P/P 1.37500000                                                         | CUSIP: 47216QAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    200000 | PA      | $195427.69    | 0.07%             | 2027-01-15      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| KKR 11 AR V/R 01/15/31          | KKR CLO 11 LTD SER 11 CL AR V/R REGD 144A P/P 5.11380000                                       | CUSIP: 48250MAK3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     43155 | PA      | $43176.35     | 0.01%             | 2031-01-15      | Variable      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| KKR 16 A1R3 V/R 10/20/34        | KKR CLO 16 LTD SER 16 CL A1R3 V/R REGD 144A P/P 4.80763000                                     | CUSIP: 48251BBE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400475.20    | 0.13%             | 2034-10-20      | Variable      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| KKR 36A AR V/R 10/15/34         | KKR CLO 36 LTD SER 36A CL AR V/R REGD 144A P/P 4.82219000                                      | CUSIP: 48255AAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002650.00   | 0.67%             | 2034-10-15      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| KEURIG DR PEPPER  V/R 03/15/27  | KEURIG DR PEPPER INC REGD V/R 4.57157400                                                       | CUSIP: 49271VAS9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   1296000 | PA      | $1298130.40   | 0.43%             | 2027-03-15      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER  V/R 11/15/26  | KEURIG DR PEPPER INC REGD V/R 4.26652300                                                       | CUSIP: 49271VAY6<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200249.89    | 0.07%             | 2026-11-15      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDING 2.05% 10/15/26  | KYNDRYL HOLDINGS INC REGD SER WI 2.05000000                                                    | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1575688.14   | 0.52%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| LCM 31A AR V/R 07/20/34         | LCM 31 LTD SER 31A CL AR V/R REGD 144A P/P 4.94763000                                          | CUSIP: 50201QAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000862.00   | 0.33%             | 2034-07-20      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A  4.52% 08/15/27   | LAD AUTO RECEIVABLES TRUST 2024-3 SER 2024-3A CL A3 REGD 144A P/P 4.52000000                   | CUSIP: 505709AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1975000 | PA      | $1982955.30   | 0.66%             | 2029-03-15      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| LAS VEGAS SANDS  3.5% 08/18/26  | LAS VEGAS SANDS CORP REGD 3.50000000                                                           | CUSIP: 517834AE7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    600000 | PA      | $597920.64    | 0.20%             | 2026-08-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LMAT 2021-GS5 A1 V/R 07/25/67   | LEGACY MORTGAGE ASSET TRUST 2021-GS5 SER 2021-GS5 CL A1 V/R REGD 144A P/P 6.25000000           | CUSIP: 52475XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    223351 | PA      | $223753.69    | 0.07%             | 2067-07-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| LLOYDS BANKING GR V/R 11/26/28  | LLOYDS BANKING GROUP PLC REGD V/R 4.74569500                                                   | CUSIP: 539439BB4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1200000 | PA      | $1208692.97   | 0.40%             | 2028-11-26      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING  4.65% 03/24/26  | LLOYDS BANKING GROUP PLC REGD 4.65000000                                                       | CUSIP: 53944YAB9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $200075.07    | 0.07%             | 2026-03-24      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GR V/R 08/07/27  | LLOYDS BANKING GROUP PLC REGD V/R 5.24399300                                                   | CUSIP: 53944YAW3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $301613.92    | 0.10%             | 2027-08-07      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GR V/R 01/05/28  | LLOYDS BANKING GROUP PLC REGD V/R 5.27144000                                                   | CUSIP: 53944YAY9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1275000 | PA      | $1286641.73   | 0.43%             | 2028-01-05      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| MFRA 2020-NQM2 A V/R 04/25/65   | MFA 2020-NQM2 TRUST SER 2020-NQM2 CL A1 V/R REGD 144A P/P 1.38100000                           | CUSIP: 552751AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     67428 | PA      | $66334.45     | 0.02%             | 2065-04-25      | Variable      | 1.38%                 | Yes           |                  2 | On Loan: No      |
| MFRA 2020-NQM1 A V/R 03/25/65   | MFA 2020-NQM1 TRUST SER 2020-NQM1 CL A1 V/R REGD 144A P/P 2.47900000                           | CUSIP: 552754AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     75210 | PA      | $73616.88     | 0.02%             | 2065-03-25      | Variable      | 2.48%                 | Yes           |                  2 | On Loan: No      |
| MMAF 2024-A A2 5.2% 09/13/27    | MMAF EQUIPMENT FINANCE LLC 2024-A SER 2024-A CL A2 REGD 144A P/P 5.20000000                    | CUSIP: 55318CAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    209534 | PA      | $210020.92    | 0.07%             | 2027-09-13      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP 1.75% 03/01/26          | MPLX LP REGD 1.75000000                                                                        | CUSIP: 55336VBR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3400000.00   | 1.13%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MTLRF 2025-1A A 4.7% 08/16/27   | M&T EQUIPMENT 2025-LEAF1 NOTES SER 2025-1A CL A2 REGD 144A P/P 4.70000000                      | CUSIP: 55340QAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1925564 | PA      | $1935192.24   | 0.64%             | 2027-12-16      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| MP24 2022-1A A1R V/R 04/20/35   | MARBLE POINT CLO XXIV LTD SER 2022-1A CL A1R V/R REGD 144A P/P 4.75312400                      | CUSIP: 56607WAU2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1200692.40   | 0.40%             | 2035-04-20      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MABS 2004-OPT2 A V/R 09/25/34   | MASTR ASSET BACKED SECURITIES TRUST 2004-OPT2 SER 2004-OPT2 CL A1 V/R REGD 4.48821000          | CUSIP: 57643LFG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    120444 | PA      | $111061.03    | 0.04%             | 2034-09-25      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| MCMLT 2019-GS2 A V/R 08/25/59   | MILL CITY MORTGAGE LOAN TRUST 2019-GS2 SER 2019-GS2 CL A1 V/R REGD 144A P/P 2.75000000         | CUSIP: 59981TAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    267050 | PA      | $261698.63    | 0.09%             | 2059-08-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| MCMLT 2021-NMR1  V/R 11/25/60   | MILL CITY MORTGAGE LOAN TRUST 2021-NMR1 SER 2021-NMR1 CL A1 V/R REGD 144A P/P 1.12500000       | CUSIP: 59982HAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    189332 | PA      | $183306.66    | 0.06%             | 2060-11-25      | Variable      | 1.12%                 | Yes           |                  2 | On Loan: No      |
| MIZUHO FINANCIAL  V/R 05/13/31  | MIZUHO FINANCIAL GROUP REGD V/R 4.76440600                                                     | CUSIP: 60687YDK2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   2700000 | PA      | $2720330.35   | 0.91%             | 2031-05-13      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVER 3% 07/15/26  | MOLSON COORS BEVERAGE REGD 3.00000000                                                          | CUSIP: 60871RAG5<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2490551.18   | 0.83%             | 2026-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MSAC 2004-HE4 M1 V/R 05/25/34   | MORGAN STANLEY ABS CAPITAL I INC TRUST 2004-HE4 SER 2004-HE4 CL M1 V/R REGD 4.68821000         | CUSIP: 61746RGK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    313860 | PA      | $341317.57    | 0.11%             | 2034-05-25      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| NYO 2021-1290 A V/R 11/15/28    | NYO COMMERCIAL MORTGAGE TRUST 2021-1290 SER 2021-1290 CL A V/R REGD 144A P/P 4.86948000        | CUSIP: 62955HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1800000 | PA      | $1797841.98   | 0.60%             | 2038-11-15      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL BANK OF  V/R 03/25/27  | NATIONAL BANK OF CANADA REGD V/R MTN SER GMTN 4.59053900                                       | CUSIP: 63307A2Y0<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1100360.99   | 0.37%             | 2027-03-25      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF  V/R 07/02/27  | NATIONAL BANK OF CANADA REGD V/R 4.71691900                                                    | CUSIP: 63307A2Z7<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   2400000 | PA      | $2405294.98   | 0.80%             | 2027-07-02      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GA 5.5% 10/01/26  | NATIONAL FUEL GAS CO REGD 5.50000000                                                           | CUSIP: 636180BS9<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    600000 | PA      | $604857.57    | 0.20%             | 2026-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG S V/R 02/16/28  | NATIONWIDE BLDG SOCIETY REGD V/R 144A P/P MTN 4.97671300                                       | CUSIP: 63861VAG2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201414.54    | 0.07%             | 2028-02-16      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| NATIONWIDE BLDG S V/R 02/16/28  | NATIONWIDE BLDG SOCIETY REGD V/R EMTN 4.97671300                                               | CUSIP: 63861WAG0<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201414.54    | 0.07%             | 2028-02-16      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| NCMS 2021-APPL A V/R 08/15/23   | NATIXIS COMMERCIAL MORTGAGE SECURITIES  SER 2021-APPL CL A V/R REGD 144A P/P 4.87448000        | CUSIP: 63874AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1485076 | PA      | $1453575.38   | 0.48%             | 2038-08-15      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| NAVRL 2025-C A 4.8% 10/15/55    | NAVIENT REFINANCE LOAN TRUST 2025-C SER 2025-C CL A REGD 144A P/P 4.80000000                   | CUSIP: 638973AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    821943 | PA      | $833857.17    | 0.28%             | 2055-10-15      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| NATWEST GROUP PLC V/R 03/01/28  | NATWEST GROUP PLC REGD V/R 5.01102700                                                          | CUSIP: 639057AM0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1510000 | PA      | $1519620.77   | 0.51%             | 2028-03-01      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS P V/R 09/29/26  | NATWEST MARKETS PLC REGD V/R 144A P/P 4.45094100                                               | CUSIP: 63906YAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    300000 | PA      | $300855.03    | 0.10%             | 2026-09-29      | Variable      | 4.45%                 | Yes           |                  2 | On Loan: No      |
| NATWEST MARKETS P V/R 05/17/27  | NATWEST MARKETS PLC REGD V/R 144A P/P 4.58671300                                               | CUSIP: 63906YAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    750000 | PA      | $753614.14    | 0.25%             | 2027-05-17      | Variable      | 4.59%                 | Yes           |                  2 | On Loan: No      |
| NAVSL 2015-BA A3 V/R 05/15/27   | NAVIENT PRIVATE EDUCATION LOAN TRUST 2015-B SER 2015-BA CL A3 V/R REGD 144A P/P 5.22413000     | CUSIP: 63939KAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    232159 | PA      | $232548.55    | 0.08%             | 2040-07-16      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| NAVSL 2020-A A2B V/R 07/15/28   | NAVIENT PRIVATE EDUCATION LOAN TRUST 2020-A SER 2020-A CL A2B V/R REGD 144A P/P 4.67413000     | CUSIP: 63941FAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    152661 | PA      | $152396.32    | 0.05%             | 2068-11-15      | Variable      | 4.67%                 | Yes           |                  2 | On Loan: No      |
| NAVSL 2020-GA  1.17% 02/15/28   | NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-G SER 2020-GA CL A REGD 144A P/P 1.17000000     | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     96427 | PA      | $91384.78     | 0.03%             | 2069-09-16      | Fixed         | 1.17%                 | Yes           |                  2 | On Loan: No      |
| NAVSL 2020-IA  1.33% 12/15/29   | NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-H SER 2020-IA CL A1A REGD 144A P/P 1.33000000   | CUSIP: 63942AAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    147600 | PA      | $138401.27    | 0.05%             | 2069-04-15      | Fixed         | 1.33%                 | Yes           |                  2 | On Loan: No      |
| NSLT 2025-DA A 4.65% 08/20/54   | NELNET STUDENT LOAN TRUST 2025-D SER 2025-DA CL A1A REGD 144A P/P 4.65000000                   | CUSIP: 639931AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    669626 | PA      | $673896.96    | 0.22%             | 2054-08-20      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| NSLT 2019-3A A V/R 09/25/28     | NELNET STUDENT LOAN TRUST 2019-3 SER 2019-3A CL A V/R 144A P/P 4.58821000                      | CUSIP: 64031DAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    326498 | PA      | $326901.74    | 0.11%             | 2067-08-25      | Variable      | 4.59%                 | Yes           |                  2 | On Loan: No      |
| NSLT 2017-3A A V/R 06/25/37     | NELNET STUDENT LOAN TRUST 2017-3 SER 2017-3A CL A V/R 144A P/P 4.63169000                      | CUSIP: 64032KAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    421824 | PA      | $422484.12    | 0.14%             | 2066-02-25      | Variable      | 4.63%                 | Yes           |                  2 | On Loan: No      |
| NSLT 2026-A A1 4.61% 02/21/61   | NELNET STUDENT LOAN TRUST 2026-A SER 2026-A CL A1A REGD 144A P/P 4.61000000                    | CUSIP: 64032UAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    600000 | PA      | $602374.83    | 0.20%             | 2061-02-21      | Fixed         | 4.61%                 | Yes           |                  2 | On Loan: No      |
| NSLT 2026-A A1B V/R 02/21/61    | NELNET STUDENT LOAN TRUST 2026-A SER 2026-A CL A1B V/R REGD 144A P/P 0.00000000                | CUSIP: 64032UAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $200455.90    | 0.07%             | 2061-02-21      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| NSLT 2019-2A A V/R 09/25/32     | NELNET STUDENT LOAN TRUST 2019-2 SER 2019-2A CL A V/R 144A P/P 4.68169000                      | CUSIP: 64034NAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    412573 | PA      | $413323.37    | 0.14%             | 2067-06-27      | Variable      | 4.68%                 | Yes           |                  2 | On Loan: No      |
| NSLT 2021-DA AFL V/R 03/20/29   | NELNET STUDENT LOAN TRUST 2021-D SER 2021-DA CL AFL V/R REGD 144A P/P 4.47172000               | CUSIP: 64034YAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    219214 | PA      | $218439.28    | 0.07%             | 2062-04-20      | Variable      | 4.47%                 | Yes           |                  2 | On Loan: No      |
| NEUB 2021-43A AR V/R 07/17/36   | NEUBERGER BERMAN LOAN ADVISERS CLO 4 SER 2021-43A CL AR V/R REGD 144A P/P 4.71763000           | CUSIP: 64134AAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400456.40    | 0.13%             | 2036-07-17      | Variable      | 4.72%                 | Yes           |                  2 | On Loan: No      |
| NEUB 2021-45A AR V/R 10/14/36   | NEUBERGER BERMAN LOAN ADVISERS CLO 4 SER 2021-45A CL AR V/R REGD 144A P/P 4.72693000           | CUSIP: 64134MAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400472.80    | 0.13%             | 2036-10-14      | Variable      | 4.73%                 | Yes           |                  2 | On Loan: No      |
| NRZT 2018-RPL1 A V/R 12/25/57   | NEW RESIDENTIAL MORTGAGE LOAN TRUST 2018-RPL1 SER 2018-RPL1 CL A1 V/R REGD 144A P/P 3.50000000 | CUSIP: 64829VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     34936 | PA      | $34300.89     | 0.01%             | 2057-12-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| NRZT 2018-3A A1 V/R 05/25/58    | NEW RESIDENTIAL MORTGAGE LOAN TRUST 2018-3 SER 2018-3A CL A1 V/R REGD 144A P/P 4.50000000      | CUSIP: 64830KAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    118111 | PA      | $117357.92    | 0.04%             | 2058-05-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEP 2% 03/09/26  | NISSAN MOTOR ACCEPTANCE REGD 144A P/P 2.00000000                                               | CUSIP: 654740BS7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $399484.60    | 0.13%             | 2026-03-09      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR AC 1.85% 09/16/26  | NISSAN MOTOR ACCEPTANCE REGD 144A P/P MTN 1.85000000                                           | CUSIP: 65480CAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $295230.75    | 0.10%             | 2026-09-16      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| NOMURA HOLDINGS I V/R 07/02/27  | NOMURA HOLDINGS INC REGD V/R 4.94094100                                                        | CUSIP: 65535HBQ1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $302475.21    | 0.10%             | 2027-07-02      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM6 A1 V/R 02/25/64   | OBX 2024-NQM6 TRUST SER 2024-NQM6 CL A1 V/R REGD 144A P/P 6.44700000                           | CUSIP: 67118XAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    389117 | PA      | $394923.82    | 0.13%             | 2064-02-25      | Variable      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM5 A1 V/R 03/25/28   | OBX 2024-NQM5 TRUST SER 2024-NQM5 CL A1 V/R REGD 144A P/P 5.98800000                           | CUSIP: 67448NAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    208349 | PA      | $210455.20    | 0.07%             | 2064-01-25      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| BVINV 2025-3 AF1 V/R 11/25/27   | OCEANVIEW MORTGAGE TRUST 2025-INV3 SER 2025-3 CL AF1 V/R REGD 144A P/P 4.61755000              | CUSIP: 67648CAU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    377044 | PA      | $378043.77    | 0.13%             | 2055-05-25      | Variable      | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP 2.65% 07/15/26      | ORACLE CORP REGD 2.65000000                                                                    | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298312.46    | 0.10%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP 1.65% 03/25/26      | ORACLE CORP REGD 1.65000000                                                                    | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    785000 | PA      | $783643.35    | 0.26%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| OSCAR 2023-1A  5.81% 11/10/26   | OSCAR US FUNDING XV LLC SER 2023-1A CL A3 REGD 144A P/P 5.81000000                             | CUSIP: 68785CAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JP        |     97346 | PA      | $97911.30     | 0.03%             | 2027-12-10      | Fixed         | 5.81%                 | Yes           |                  2 | On Loan: No      |
| PNC BANK NA V/R 07/21/28        | PNC BANK NA REGD V/R 4.41171100                                                                | CUSIP: 69353RGA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $500981.25    | 0.17%             | 2028-07-21      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| PPMC 2021-5A AR V/R 10/18/34    | PPM CLO 5 LTD SER 2021-5A CL AR V/R REGD 144A P/P 4.84763000                                   | CUSIP: 69356TAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1602424.00   | 0.53%             | 2034-10-18      | Variable      | 4.85%                 | Yes           |                  2 | On Loan: No      |
| PRPM 2024-NQM4 A V/R 12/26/69   | PRPM 2024-NQM4 TRUST SER 2024-NQM4 CL A1 V/R REGD 144A P/P 5.67400000                          | CUSIP: 69381UAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150435 | PA      | $151890.54    | 0.05%             | 2069-12-26      | Variable      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| PRPM 2025-RCF6 A V/R 12/25/29   | PRPM 2025-RCF6 LLC SER 2025-RCF6 CL A1 V/R REGD 144A P/P 4.94200000                            | CUSIP: 69393BAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    189025 | PA      | $190570.62    | 0.06%             | 2055-12-25      | Variable      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS & E 2.95% 03/01/26  | PACIFIC GAS & ELECTRIC REGD 2.95000000                                                         | CUSIP: 694308HP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1200000.00   | 0.40%             | 2026-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELEC 5% 06/04/28  | PACIFIC GAS & ELECTRIC REGD 5.00000000                                                         | CUSIP: 694308KW6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $305742.67    | 0.10%             | 2028-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PAID 2025-6 A 4.497% 09/15/28   | PAGAYA AI DEBT GRANTOR TRUST 2025-6 SER 2025-6 CL A2 REGD 144A P/P 4.49700000                  | CUSIP: 69549BAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    399963 | PA      | $400710.75    | 0.13%             | 2033-04-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF PA 8.875% 09/30/27  | REPUBLIC OF PANAMA REGD 8.87500000                                                             | CUSIP: 698299AD6<br>LEI: N/A                  | Long             | DBT              | USGA              | PA        |    300000 | PA      | $322725.00    | 0.11%             | 2027-09-30      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PA 3.875% 03/17/28  | REPUBLIC OF PANAMA REGD 3.87500000                                                             | CUSIP: 698299BF0<br>LEI: N/A                  | Long             | DBT              | USGA              | PA        |    200000 | PA      | $198280.00    | 0.07%             | 2028-03-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PNFED 2025-A A 4.03% 01/15/29   | PENFED AUTO RECEIVABLES OWNER TRUST 2025-A SER 2025-A CL A3 REGD 144A P/P 4.03000000           | CUSIP: 706916AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $201265.86    | 0.07%             | 2030-07-15      | Fixed         | 4.03%                 | Yes           |                  2 | On Loan: No      |
| PLAINS ALL AMER  4.5% 12/15/26  | PLAINS ALL AMER PIPELINE REGD 4.50000000                                                       | CUSIP: 72650RBL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003344.90   | 0.33%             | 2026-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABO V/R 12/15/27  | COOPERATIEVE RABOBANK UA REGD V/R 144A P/P 1.98000000                                          | CUSIP: 74977RDL5<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $492505.35    | 0.16%             | 2027-12-15      | Variable      | 1.98%                 | Yes           |                  2 | On Loan: No      |
| RELIANCE STAND  2.75% 01/21/27  | RELIANCE STAND LIFE II REGD 144A P/P 2.75000000                                                | CUSIP: 75951AAN8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $197407.09    | 0.07%             | 2027-01-21      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| ROCKT 2021-2A A1 V/R 07/20/34   | ROCKFORD TOWER CLO 2021-2 LTD SER 2021-2A CL A1R V/R REGD 144A P/P 4.79763000                  | CUSIP: 77341LAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002836.00   | 0.67%             | 2034-07-20      | Variable      | 4.80%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN  7.5% 10/15/27  | ROYAL CARIBBEAN CRUISES REGD 7.50000000                                                        | CUSIP: 780153AG7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    200000 | PA      | $210744.52    | 0.07%             | 2027-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN  5.5% 04/01/28  | ROYAL CARIBBEAN CRUISES REGD 144A P/P 5.50000000                                               | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    600000 | PA      | $613407.71    | 0.20%             | 2028-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN 4.25% 07/01/26  | ROYAL CARIBBEAN CRUISES REGD 144A P/P 4.25000000                                               | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999791.44    | 0.33%             | 2026-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEA 5.375% 07/15/27  | ROYAL CARIBBEAN CRUISES REGD 144A P/P 5.37500000                                               | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1410964.14   | 0.47%             | 2027-07-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ROYAL BANK OF CAN V/R 03/27/28  | ROYAL BANK OF CANADA REGD V/R MTN SER GMTN 4.51079500                                          | CUSIP: 78017DAG3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2565000 | PA      | $2573731.36   | 0.86%             | 2028-03-27      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CAN V/R 10/18/28  | ROYAL BANK OF CANADA REGD V/R MTN SER GMTN 4.54160200                                          | CUSIP: 78017FZU0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1700000 | PA      | $1706096.29   | 0.57%             | 2028-10-18      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC 5.5% 01/16/27      | SK HYNIX INC REGD 144A P/P 5.50000000                                                          | CUSIP: 78392BAG2<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    300000 | PA      | $304447.50    | 0.10%             | 2027-01-16      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SALTT 2021-1A 2.301% 12/15/27   | STONEPEAK 2021-1 ABS SER 2021-1A CL AA REGD 144A P/P 2.30100000                                | CUSIP: 78433XAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     82752 | PA      | $80947.06     | 0.03%             | 2033-02-28      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| SBALT 2024-B A 5.56% 09/21/26   | SBNA AUTO LEASE TRUST 2024-B SER 2024-B CL A3 REGD 144A P/P 5.56000000                         | CUSIP: 78437VAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    876959 | PA      | $880886.30    | 0.29%             | 2027-11-22      | Fixed         | 5.56%                 | Yes           |                  2 | On Loan: No      |
| SMB 2023-B A1B V/R 10/16/56     | SMB PRIVATE EDUCATION LOAN TRUST 2023-B SER 2023-B CL A1B V/R REGD 144A P/P 5.45819000         | CUSIP: 78449HAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    123947 | PA      | $126577.86    | 0.04%             | 2056-10-16      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| SMB 2021-D A1A 1.34% 08/15/30   | SMB PRIVATE EDUCATION LOAN TRUST 2021-D SER 2021-D CL A1A REGD 144A P/P 1.34000000             | CUSIP: 78449MAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    112957 | PA      | $107705.84    | 0.04%             | 2053-03-17      | Fixed         | 1.34%                 | Yes           |                  2 | On Loan: No      |
| SMB 2020-PTA A2 1.6% 09/15/54   | SMB PRIVATE EDUCATION LOAN TRUST 2020-PT-A SER 2020-PTA CL A2A REGD 144A P/P 1.60000000        | CUSIP: 78449VAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    139215 | PA      | $132593.43    | 0.04%             | 2054-09-15      | Fixed         | 1.60%                 | Yes           |                  2 | On Loan: No      |
| SAMMONS FINANCIAL V/R 09/02/27  | SAMMONS FINANCIAL GLOBAL REGD V/R 144A P/P 4.58874900                                          | CUSIP: 79587J2D4<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |    900000 | PA      | $905392.04    | 0.30%             | 2027-09-02      | Variable      | 4.59%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER UK GROU V/R 06/14/27  | SANTANDER UK GROUP HLDGS REGD V/R 1.67300000                                                   | CUSIP: 80281LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2400000 | PA      | $2383518.67   | 0.79%             | 2027-06-14      | Variable      | 1.67%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLD 3.244% 10/05/26  | SANTANDER HOLDINGS USA REGD SER WI 3.24400000                                                  | CUSIP: 80282KAZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $298523.69    | 0.10%             | 2026-10-05      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| SCCU 2023-1A A3 5.7% 01/15/27   | SCCU AUTO RECEIVABLES TRUST 2023-1 SER 2023-1A CL A3 REGD 144A P/P 5.70000000                  | CUSIP: 805922AE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    324613 | PA      | $326713.30    | 0.11%             | 2028-10-16      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| SEMT 2024-HYB1 A V/R 09/25/38   | SEQUOIA MORTGAGE TRUST 2024-HYB1 SER 2024-HYB1 CL A1A V/R REGD 144A P/P 4.43273600             | CUSIP: 81749EAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    502916 | PA      | $507693.93    | 0.17%             | 2063-11-25      | Variable      | 4.43%                 | Yes           |                  2 | On Loan: No      |
| SFAST 2026-1A  3.91% 01/20/28   | SFS AUTO RECEIVABLES SECURITIZATION TRUST 2 SER 2026-1A CL A2A REGD 144A P/P 3.91000000        | CUSIP: 81885FAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $200178.47    | 0.07%             | 2029-08-20      | Fixed         | 3.91%                 | Yes           |                  2 | On Loan: No      |
| SHIRE ACQ INV IR 3.2% 09/23/26  | SHIRE ACQ INV IRELAND DA REGD 3.20000000                                                       | CUSIP: 82481LAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    641000 | PA      | $638666.80    | 0.21%             | 2026-09-23      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| SKYWORKS SOLUTIO 1.8% 06/01/26  | SKYWORKS SOLUTIONS INC REGD 1.80000000                                                         | CUSIP: 83088MAK8<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198810.80    | 0.07%             | 2026-06-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| SMB 2024-A A1A 5.24% 03/15/56   | SMB PRIVATE EDUCATION LOAN TRUST 2024-A SER 2024-A CL A1A REGD 144A P/P 5.24000000             | CUSIP: 831943AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    302073 | PA      | $313002.01    | 0.10%             | 2056-03-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| SMB 2024-A A1B V/R 03/15/56     | SMB PRIVATE EDUCATION LOAN TRUST 2024-A SER 2024-A CL A1B V/R REGD 144A P/P 5.10819000         | CUSIP: 831943AB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    151036 | PA      | $153320.80    | 0.05%             | 2056-03-15      | Variable      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| SMB 2022-B A1B V/R 02/16/55     | SMB PRIVATE EDUCATION LOAN TRUST 2022-B SER 2022-B CL A1B V/R REGD 144A P/P 5.10819000         | CUSIP: 83206NAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    932662 | PA      | $942049.45    | 0.31%             | 2055-02-16      | Variable      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| SMB 2023-C A1B V/R 10/15/33     | SMB PRIVATE EDUCATION LOAN TRUST 2023-C SER 2023-C CL A1B V/R REGD 144A P/P 5.20819000         | CUSIP: 83207DAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    342976 | PA      | $346758.56    | 0.12%             | 2052-11-15      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| SOCIETE GENERALE V/R 06/09/27   | SOCIETE GENERALE REGD V/R 144A P/P MTN 1.79200000                                              | CUSIP: 83368RBC5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $198778.38    | 0.07%             | 2027-06-09      | Variable      | 1.79%                 | Yes           |                  2 | On Loan: No      |
| SNDPT 2020-3A A1 V/R 01/25/32   | SOUND POINT CLO XXVIII LTD SER 2020-3A CL A1R V/R REGD 144A P/P 4.94802000                     | CUSIP: 83615CAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    358387 | PA      | $358994.83    | 0.12%             | 2032-01-25      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CAL EDI 5.3% 03/01/28  | SOUTHERN CAL EDISON REGD 5.30000000                                                            | CUSIP: 842400HU0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $614325.52    | 0.20%             | 2028-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDI 4.4% 09/06/26  | SOUTHERN CAL EDISON REGD 4.40000000                                                            | CUSIP: 842400JF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $801415.81    | 0.27%             | 2026-09-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF E DISC 03/03/26  | SOUTHERN CALIF E DISC 03/03/26 0.00000000                                                      | CUSIP: 8424C1C30<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1300000 | PA      | $1299696.67   | 0.43%             | 2026-03-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN EL 2.75% 10/01/26  | SOUTHWESTERN ELEC POWER REGD SER K 2.75000000                                                  | CUSIP: 845437BP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $297684.33    | 0.10%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SPECTRA ENERGY 3.375% 10/15/26  | SPECTRA ENERGY PARTNERS REGD 3.37500000                                                        | CUSIP: 84756NAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $797134.10    | 0.27%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTE 4.6% 06/15/28  | SPIRIT AEROSYSTEMS INC REGD 4.60000000                                                         | CUSIP: 85205TAK6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $302713.50    | 0.10%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERE V/R 02/08/28  | STANDARD CHARTERED PLC REGD V/R 144A P/P 5.71439000                                            | CUSIP: 853254CY4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $202617.47    | 0.07%             | 2028-02-08      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| STANDARD CHARTERE V/R 05/14/28  | STANDARD CHARTERED PLC REGD V/R 144A P/P 4.85633000                                            | CUSIP: 853254DD9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $302417.39    | 0.10%             | 2028-05-14      | Variable      | 4.86%                 | Yes           |                  2 | On Loan: No      |
| STARBUCKS CORP 2% 03/12/27      | STARBUCKS CORP REGD 2.00000000                                                                 | CUSIP: 855244AV1<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2259508.04   | 0.75%             | 2027-03-12      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN 1.711% 01/29/27  | STELLANTIS FIN US INC REGD 144A P/P 1.71100000                                                 | CUSIP: 85855CAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $684124.36    | 0.23%             | 2027-01-29      | Fixed         | 1.71%                 | Yes           |                  2 | On Loan: No      |
| STELLANTIS FIN 5.625% 01/12/28  | STELLANTIS FIN US INC REGD 144A P/P 5.62500000                                                 | CUSIP: 85855CAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $203980.34    | 0.07%             | 2028-01-12      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| STELLANTIS FIN  5.35% 03/17/28  | STELLANTIS FIN US INC REGD 144A P/P 5.35000000                                                 | CUSIP: 85855CAM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $203700.38    | 0.07%             | 2028-03-17      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| SUMITOMO MITSUI F V/R 04/15/30  | SUMITOMO MITSUI FINL GRP REGD V/R 4.72911100                                                   | CUSIP: 86562MDR8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    181000 | PA      | $182236.26    | 0.06%             | 2030-04-15      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER  3.9% 07/15/26  | ENERGY TRANSFER LP REGD 3.90000000                                                             | CUSIP: 86765BAT6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199778.19    | 0.07%             | 2026-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SYMP 2020-24A A1 V/R 10/23/35   | SYMPHONY CLO XXIV LTD SER 2020-24A CL A1R V/R REGD 144A P/P 4.80102000                         | CUSIP: 87167QAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001546.00   | 0.67%             | 2035-10-23      | Variable      | 4.80%                 | Yes           |                  2 | On Loan: No      |
| SYMP 2021-25A AR V/R 04/19/34   | SYMPHONY CLO XXV LTD SER 2021-25A CL AR V/R REGD 144A P/P 4.71763000                           | CUSIP: 87167WDC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1603713.60   | 0.53%             | 2034-04-19      | Variable      | 4.72%                 | Yes           |                  2 | On Loan: No      |
| SYMP 2021-29A AR V/R 10/15/35   | SYMPHONY CLO XXIX LTD SER 2021-29A CL AR V/R REGD 144A P/P 4.82219000                          | CUSIP: 87168GAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $800868.80    | 0.27%             | 2035-10-15      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| SYMP 2022-32A AR V/R 10/23/35   | SYMPHONY CLO XXXII LTD SER 2022-32A CL AR V/R REGD 144A P/P 4.82102000                         | CUSIP: 87168NAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    900000 | PA      | $901003.50    | 0.30%             | 2035-10-23      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2018-3 A1 V/R 05/25/58     | TOWD POINT MORTGAGE TRUST 2018-3 SER 2018-3 CL A1 V/R REGD 144A P/P 3.75000000                 | CUSIP: 89175MAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    186668 | PA      | $184700.43    | 0.06%             | 2058-05-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2019-HY2 A1 V/R 05/25/58   | TOWD POINT MORTGAGE TRUST 2019-HY2 SER 2019-HY2 CL A1 V/R REGD 144A P/P 4.78821000             | CUSIP: 89177HAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     90750 | PA      | $92750.30     | 0.03%             | 2058-05-25      | Variable      | 4.79%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2019-HY3 A1 V/R 07/25/27   | TOWD POINT MORTGAGE TRUST 2019-HY3 SER 2019-HY3 CL A1A V/R REGD 144A P/P 4.78821000            | CUSIP: 89177XAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     98321 | PA      | $98547.38     | 0.03%             | 2059-10-25      | Variable      | 4.79%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2020-1 A1 V/R 01/25/60     | TOWD POINT MORTGAGE TRUST 2020-1 SER 2020-1 CL A1 V/R REGD 144A P/P 2.71000000                 | CUSIP: 89178WAU2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    327588 | PA      | $318791.91    | 0.11%             | 2060-01-25      | Variable      | 2.71%                 | Yes           |                  2 | On Loan: No      |
| TPAT 2021-SL1 A2 V/R 11/20/26   | TOWD POINT ASSET TRUST 2021-SL1 SER 2021-SL1 CL A2 V/R REGD 144A P/P 4.48172000                | CUSIP: 89179XAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    168451 | PA      | $168171.35    | 0.06%             | 2061-11-20      | Variable      | 4.48%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2021-SJ2 A1 V/R 12/25/61   | TOWD POINT MORTGAGE TRUST 2021-SJ2 SER 2021-SJ2 CL A1A V/R REGD 144A P/P 2.25000000            | CUSIP: 89180LAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    445607 | PA      | $436852.96    | 0.15%             | 2061-12-25      | Variable      | 2.25%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2024-CES1 A V/R 09/25/31   | TOWD POINT MORTGAGE TRUST 2024-CES1 SER 2024-CES1 CL A1A V/R REGD 144A P/P 5.84800000          | CUSIP: 89183CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    160167 | PA      | $161198.10    | 0.05%             | 2064-01-25      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2025-CES2 A V/R 07/25/65   | TOWD POINT MORTGAGE TRUST 2025-CES2 SER 2025-CES2 CL A1 V/R REGD 144A P/P 5.34800000           | CUSIP: 89183KAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    169607 | PA      | $171276.11    | 0.06%             | 2065-07-25      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2025-CES3 A V/R 08/25/65   | TOWD POINT MORTGAGE TRUST 2025-CES3 SER 2025-CES3 CL A1A V/R REGD 144A P/P 5.27800000          | CUSIP: 891949BU2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    893409 | PA      | $902625.85    | 0.30%             | 2065-08-25      | Variable      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| TAOT 2022-C A3 3.76% 12/15/25   | TOYOTA AUTO RECEIVABLES 2022-C OWNER TRUST SER 2022-C CL A3 REGD 3.76000000                    | CUSIP: 89231CAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    109779 | PA      | $109771.36    | 0.04%             | 2027-04-15      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| TAOT 2025-B A2 4.46% 03/15/28   | TOYOTA AUTO RECEIVABLES 2025-B OWNER TRUST SER 2025-B CL A2A REGD 4.46000000                   | CUSIP: 89231HAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1286630 | PA      | $1289903.48   | 0.43%             | 2028-03-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CRED V/R 01/12/28  | TOYOTA MOTOR CREDIT CORP REGD V/R MTN SER B 4.12938200                                         | CUSIP: 89236TPG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $200526.44    | 0.07%             | 2028-01-12      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| TRAL 2018-5A A1R V/R 10/20/34   | TRALEE CLO V LTD SER 2018-5A CL A1RR V/R REGD 144A P/P 4.74763000                              | CUSIP: 89300JBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000372.00   | 0.33%             | 2034-10-20      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TCCT 2025-1A A V/R 09/26/27     | TRILLIUM CREDIT CARD TRUST II SER 2025-1A CL A V/R REGD 144A P/P 4.26000000                    | CUSIP: 89621ACC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1800000 | PA      | $1808445.60   | 0.60%             | 2030-09-26      | Variable      | 4.26%                 | Yes           |                  2 | On Loan: No      |
| UBER TECHNOLOGIE 4.5% 08/15/29  | UBER TECHNOLOGIES INC REGD 144A P/P 4.50000000                                                 | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2303751.30   | 0.77%             | 2029-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| US T BILL ZCP 04/09/26          | UNITED STATES TREASURY BILL ZCP 0.00000000                                                     | CUSIP: 912797SL2<br>LEI: N/A                  | Long             | STIV             | UST               | US        |   2700000 | PA      | $2689380.79   | 0.90%             | 2026-04-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TIPS 0.125% 07/15/26         | UNITED STATES TREASURY INFLATION INDEXED BONDS 0.12500000                                      | CUSIP: 912828S50<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   4596494 | PA      | $4621247.96   | 1.54%             | 2026-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| US TIPS 0.375% 01/15/27         | UNITED STATES TREASURY INFLATION INDEXED BONDS 0.37500000                                      | CUSIP: 912828V49<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   4963587 | PA      | $4950897.59   | 1.65%             | 2027-01-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| US TIPS 0.125% 10/15/26         | UNITED STATES TREASURY INFLATION INDEXED BONDS 0.12500000                                      | CUSIP: 91282CDC2<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   6166628 | PA      | $6179208.54   | 2.06%             | 2026-10-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| US TIPS 2.125% 04/15/29         | UNITED STATES TREASURY INFLATION INDEXED BONDS 2.12500000                                      | CUSIP: 91282CKL4<br>LEI: N/A                  | Long             | DBT              | UST               | US        |    953380 | PA      | $986063.36    | 0.33%             | 2029-04-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALT 1.65% 09/01/26  | UNIVERSAL HEALTH SVCS REGD SER WI 1.65000000                                                   | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    600000 | PA      | $592205.59    | 0.20%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| UPXHI 2025-1 A 5.16% 06/25/32   | UPX HIL 2025-1 ISSUER TRUST SER 2025-1 CL A REGD 144A P/P 5.16000000                           | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    241700 | PA      | $243896.20    | 0.08%             | 2047-01-25      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| VAR ENERGI ASA 5% 05/18/27      | VAR ENERGI ASA REGD 144A P/P 5.00000000                                                        | CUSIP: 92212WAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | NO        |    400000 | PA      | $403913.10    | 0.13%             | 2027-05-18      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VENTR 2019-36A A V/R 04/20/32   | VENTURE 36 CLO LTD SER 2019-36A CL A1AR V/R REGD 144A P/P 5.05924000                           | CUSIP: 92332LAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    335351 | PA      | $335660.28    | 0.11%             | 2032-04-20      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| BVSTAT 2024-1A A V/R 07/20/32   | VERDELITE STATIC CLO 2024-1 LTD SER 2024-1A CL A V/R REGD 144A P/P 4.79763000                  | CUSIP: 92338VAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    721530 | PA      | $721865.28    | 0.24%             | 2032-07-20      | Variable      | 4.80%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2023-5 A1 V/R 06/25/68    | VERUS SECURITIZATION TRUST 2023-5 SER 2023-5 CL A1 V/R REGD 144A P/P 6.47600000                | CUSIP: 924934AA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    124668 | PA      | $125003.74    | 0.04%             | 2068-06-25      | Variable      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| EXPAND ENERGY C 6.75% 04/15/29  | EXPAND ENERGY CORP REGD 144A P/P 6.75000000                                                    | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200585.83    | 0.07%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIO 5.05% 12/30/26  | VISTRA OPERATIONS CO LLC REGD 144A P/P 5.05000000                                              | CUSIP: 92840VAT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $606794.84    | 0.20%             | 2026-12-30      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP 5.7% 09/12/26  | VOLKSWAGEN GROUP AMERICA REGD 144A P/P 5.70000000                                              | CUSIP: 928668BV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2522035.68   | 0.84%             | 2026-09-12      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| VONTIER CORP 1.8% 04/01/26      | VONTIER CORP REGD SER WI 1.80000000                                                            | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    600000 | PA      | $598655.89    | 0.20%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| WAMU 2005-AR13 A V/R 10/25/45   | WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2005- SER 2005-AR13 CL A1A1 V/R REGD 4.36821000 | CUSIP: 92922F4M7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    212650 | PA      | $208239.58    | 0.07%             | 2045-10-25      | Variable      | 4.37%                 | No            |                  2 | On Loan: No      |
| WELF 2021-1A A1R V/R 04/20/34   | WELLFLEET CLO 2021-1 LTD SER 2021-1A CL A1R V/R REGD 144A P/P 4.84763000                       | CUSIP: 94950CAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000664.00   | 0.67%             | 2034-04-20      | Variable      | 4.85%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 04/22/28  | WELLS FARGO & COMPANY REGD V/R MTN 4.75237500                                                  | CUSIP: 95000U3M3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1509523.70   | 0.50%             | 2028-04-22      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 01/24/28  | WELLS FARGO & COMPANY REGD V/R 4.46316000                                                      | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1504266.03   | 0.50%             | 2028-01-24      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AI 3.45% 11/15/26  | WESTINGHOUSE AIR BRAKE REGD 3.45000000                                                         | CUSIP: 960386AL4<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498386.52    | 0.17%             | 2026-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE 3.7% 09/15/26  | WOODSIDE FINANCE LTD REGD 144A P/P 3.70000000                                                  | CUSIP: 980236AN3<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $1994916.98   | 0.66%             | 2026-09-15      | Fixed         | 3.70%                 | Yes           |                  2 | On Loan: No      |
| ISRAEL ELECTRIC 4.25% 08/14/28  | ISRAEL ELECTRIC CORP LTD REGD MTN SER GMTN 4.25000000                                          | CUSIP: 465077AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | IL        |    600000 | PA      | $597315.20    | 0.20%             | 2028-08-14      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| BANK LEUMI LE- 5.125% 07/27/27  | BANK LEUMI LE-ISRAEL REGD P/P 5.12500000                                                       | CUSIP: M1R786AY4<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |    300000 | PA      | $302022.15    | 0.10%             | 2027-07-27      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| FRESENIUS MED  1.875% 12/01/26  | FRESENIUS MED CARE III REGD REG S 1.87500000                                                   | CUSIP: U3149FAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $541397.41    | 0.18%             | 2026-12-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS P V/R 09/29/26  | NATWEST MARKETS PLC REGD V/R REG S 4.45094100                                                  | CUSIP: G6382GWU2<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    200000 | PA      | $200570.02    | 0.07%             | 2026-09-29      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB 5.337% 09/20/27     | SWEDBANK AB REGD REG S 5.33700000                                                              | CUSIP: W94239AE5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   1000000 | PA      | $1022380.73   | 0.34%             | 2027-09-20      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LL V/R 08/13/27  | BMW US CAPITAL LLC REGD V/R REG S 4.60610800                                                   | CUSIP: U09513KF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     92000 | PA      | $92621.39     | 0.03%             | 2027-08-13      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| SGSP AUSTRALIA A 3.5% 07/07/27  | SGSP AUSTRALIA ASSETS REGD REG S EMTN 3.50000000                                               | CUSIP: Q8463MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    200000 | PA      | $198871.62    | 0.07%             | 2027-07-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CASH COLLATERAL CME WFS         | CASH COLLATERAL CME WFS        /CCWFSXUS7 3.54000000                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |    925000 | PA      | $925000.00    | 0.31%             | 2049-12-31      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS  3.5% 07/26/26  | IMPERIAL BRANDS FIN PLC REGD REG S 3.50000000                                                  | CUSIP: G471ABNV8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    361000 | PA      | $359893.38    | 0.12%             | 2026-07-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERE V/R 07/06/27  | STANDARD CHARTERED PLC REGD V/R REG S 5.61204000                                               | CUSIP: G84228FT0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1005004.71   | 0.33%             | 2027-07-06      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERE V/R 05/14/28  | STANDARD CHARTERED PLC REGD V/R REG S 5.68800000                                               | CUSIP: G84228GG7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $203904.56    | 0.07%             | 2028-05-14      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Invesco                         | Invesco Government & Agency Portfolio                                                          | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    306062 | OU      | $306062.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO MITSUI T V/R 09/14/26  | SUMITOMO MITSUI TR BK LT REGD V/R REG S 4.85011100                                             | CUSIP: J7771YSN8<br>LEI: N/A                  | Long             | DBT              | CORP              | JP        |    350000 | PA      | $351834.62    | 0.12%             | 2026-09-14      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNAT 5.125% 01/13/28  | SAUDI INTERNATIONAL BOND REGD REG S 5.12500000                                                 | CUSIP: M6320RAA4<br>LEI: N/A                  | Long             | DBT              | USGA              | SA        |   2700000 | PA      | $2758909.90   | 0.92%             | 2028-01-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN 1.711% 01/29/27  | STELLANTIS FIN US INC REGD REG S 1.71100000                                                    | CUSIP: U85861AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $390928.21    | 0.13%             | 2027-01-29      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| HANWHA SOLUTIONS  V/R 10/13/28  | HANWHA SOLUTIONS CORP REGD V/R REG S EMTN 4.77855100                                           | CUSIP: Y374G2BM1<br>LEI: 549300M2V0ZS71BRNR68 | Long             | DBT              | CORP              | KR        |   1000000 | PA      | $1010500.00   | 0.34%             | 2028-10-13      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** Morgan Stanley Pathway Funds

**Signature:** James F. Kirchner

**Name of Signer:** James F. Kirchner

**Title:** Chief Financial Officer