# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-26-009662
**Filing Date:** 2026-6
**Character Count:** 70147
**Document Hash:** 97aa6e655632e2567795b6c7404e7546
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-009662.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0000910472-26-009662

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20261031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22680
- **FILM NUMBER:** 261118696

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

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

## Series and Classes Contracts Data

### Westwood Income Opportunity Fund (Series ID: S000072841)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000229472 | Westwood Income Opportunity Fund C Class Shares       | WWICX           |
| C000229473 | Westwood Income Opportunity Fund Institutional Shares | WHGIX           |
| C000229474 | Westwood Income Opportunity Fund A Class Shares       | WWIAX           |
| C000240107 | Westwood Income Opportunity Fund Ultra Shares         | WHGOX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

- **a. Name of Series:** WESTWOOD INCOME OPPORTUNITY FUND

- **b. EDGAR series identifier (if any):** S000072841

- **c. LEI of Series:** 549300SJOJ6MJI123D95

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $610297700.78

**Total Liabilities:** $11281263.59

**Net Assets:** $599016437.19

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 538.49594788 | **1-Year:** 7784.55787693 | **5-Year:** 27094.30612370 | **10-Year:** 30008.54240511 | **30-Year:** 24545.58418921

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

- **3-Month:** 0.00000000 | **1-Year:** 2396.91235086 | **5-Year:** 6784.01212587 | **10-Year:** 296.93484223 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229472 | 0.86%                | -3.46%               | 3.38%                |
| Class ID C000229473 | 0.93%                | -3.36%               | 3.53%                |
| Class ID C000229474 | 0.91%                | -3.45%               | 3.51%                |
| Class ID C000240107 | 0.93%                | -3.35%               | 3.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9643019.32              | $-7413788.52                               |
| Month 2  | $3209460.06              | $-23397033.27                              |
| Month 3  | $1871478.52              | $17695245.74                               |

**Designated Index Information**

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

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

### Schedule of Portfolio Investments

| Name                                                             | Title                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GENERAL DYNAMICS CORP                                            | General Dynamics Corporation                                           | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     17598 | NS      | $6058991.40   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                  | Philip Morris International, Inc.                                      | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     21993 | NS      | $3630384.51   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                   | Morgan Stanley 5.942%, Due 02/07/39                                    | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1830000 | PA      | $1884713.65   | 0.31%             | 2039-02-07      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                                | Kinder Morgan, Inc.                                                    | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    139640 | NS      | $4589966.80   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                             | Charter Communications Operating, LLC 6.384%, Due 10/23/35             | CUSIP: 161175AZ7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   2430000 | PA      | $2455791.46   | 0.41%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ULTIMUS MANAGERS TRUST                                           | Westwood Enhanced Income Opportunity ETF USD Class                     | CUSIP: 90386K530<br>LEI: 549300FU214TAR7BFY91 | Long             | EC               | RF                | US        |    429307 | NS      | $10854426.47  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SA                                                   | BNP Paribas SA 7.45% Due 12/27/2035                                    | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2750000 | PA      | $2848323.50   | 0.48%             | 2049-12-27      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | U.S. Treasury Bill 0.000%, Due 5/14/2026                               | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2460000 | PA      | $2456816.81   | 0.41%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 COMPANY                                              | Phillips 66 Co 6.2%, Due 03/15/2056                                    | CUSIP: 718547BA9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1786174.82   | 0.30%             | 2056-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                        | Apple, Inc.                                                            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     18056 | NS      | $4899495.60   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                                             | SOUTHSTATE BANK CORP                                                   | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59840 | NS      | $5844572.80   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | Federal Home Loan Mortgage Corporation 4.000%, Due 10/01/2052          | CUSIP: 3140XJXY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2503191 | PA      | $2360075.51   | 0.39%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                     | Enbridge Inc 7.2% Due 06/27/2054                                       | CUSIP: 29250NCF0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2515000 | PA      | $2688849.38   | 0.45%             | 2054-06-27      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORP                             | International Business Machines Corporation                            | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     28283 | NS      | $6532807.34   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE CORNERS FUNDING TRUST IV                                    | Five Corners Funding Trust IV 5.997%, Due 02/15/53                     | CUSIP: 33835PAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1912000.11   | 0.32%             | 2053-02-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ISHARES INC                                                      | iShares MSCI Emerging Markets ETF                                      | CUSIP: 464287234<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     73440 | NS      | $4699425.60   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL INC                                             | Blue Owl Capital, Inc.                                                 | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    308170 | NS      | $3004657.50   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION                                 | Kratos Defense & Security Solutions, Inc. 08/21/2026 90 Call           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |      -900 | NS      | $-315000.00   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                    | Goldman Sachs Group, Inc. (The)                                        | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      4932 | NS      | $4556033.64   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | Federal Home Loan Mortgage Corporation 6.500%, Due 11/1/2053           | CUSIP: 31418EXW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1708406 | PA      | $1772255.06   | 0.30%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                                                         | Flex Ltd 6.000%, Due 01/15/28                                          | CUSIP: 33938XAE5<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | US        |   2735000 | PA      | $2795127.36   | 0.47%             | 2028-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | Citigroup, Inc. Floating rate, Due 12/31/2049                          | CUSIP: 172967PJ4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3330000 | PA      | $3396586.95   | 0.57%             | 2049-12-31      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| BOEING COMPANY (THE)                                             | Boeing Company (The)                                                   | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |     71350 | NS      | $5151470.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                  | Federal Home Loan Mortgage Corporation 5.500%, Due 04/01/2053          | CUSIP: 3132DP3N6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2193953 | PA      | $2218134.61   | 0.37%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SABRE FINANCIAL BORROWER LLC                                     | Sabre Financial Borrower LLC 11.125%, Due 6/15/2029                    | CUSIP: 78573XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2425000 | PA      | $2489987.58   | 0.42%             | 2029-06-15      | Fixed         | 11.12%                | Yes           |                  2 | On Loan: No      |
| CENTURY COMMUNITIES INC                                          | Century Communities Inc 6.625%, Due 09/15/2033                         | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   1289000 | PA      | $1282492.61   | 0.21%             | 2033-09-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| SAN DIEGO GAS & ELECTRIC COMPANY                                 | San Diego Gas & Electric Co 5.4%, Due 04/15/2035                       | CUSIP: 797440CG7<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |   2030000 | PA      | $2064584.81   | 0.34%             | 2035-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                                      | NVIDIA Corporation                                                     | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     59954 | NS      | $11965019.78  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                               | Hewlett Packard Enterprise Company                                     | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |     75800 | NS      | $5807796.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN EXCHANGE-TRADED FUND TRUST                           | JPMorgan Nasdaq Equity Premium Income ETF                              | CUSIP: 46654Q203<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |    125047 | NS      | $7411535.69   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS LTD                                       | RenaissanceRe Holdings Ltd 5.75%, Due 06/05/2033                       | CUSIP: 75968NAE1<br>LEI: EK6GB9U3U58PDI411C94 | Long             | DBT              | CORP              | US        |   2440000 | PA      | $2514179.56   | 0.42%             | 2033-06-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corporation                                                     | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     29902 | NS      | $4825883.78   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | United States Treasury Note/Bond 3.75%, Due 1/31/2031                  | CUSIP: 91282CPW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6250000 | PA      | $6178710.94   | 1.03%             | 2031-01-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | UNITED STATES TREAS BDS 4.25% 02/15/54                                 | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4713476.55   | 0.79%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARES INC                                    | First Citizens BancShares Inc/NC 7%, Due 12/15/2030                    | CUSIP: 31959XAG8<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |   2880000 | PA      | $2894152.32   | 0.48%             | 2049-12-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                | Cisco Systems, Inc.                                                    | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     66988 | NS      | $6129402.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                                                | State Street Corporation Floating rate, Due 12/31/2049                 | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4121724.00   | 0.69%             | 2049-12-31      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | Energy Transfer, L.P.                                                  | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    326859 | NS      | $6599283.21   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | United States Treasury Note/Bond 4.125%, Due 02/15/2036                | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3855000 | PA      | $3774285.94   | 0.63%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MARA HOLDINGS INC                                                | MARA Holdings Inc 0.0%, Due 08/01/2032                                 | CUSIP: 565788AJ5<br>LEI: 549300M8ISKPTX2W7F94 | Long             | DBT              | CORP              | US        |   1915000 | PA      | $1746671.50   | 0.29%             | 2032-08-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT ENERGY CORP                                              | Alliant Energy Corporation                                             | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     45786 | NS      | $3362065.98   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD NATIONAL BANCORP                                             | Old National Bancorp/IN 5.768%, Due 2/15/2036                          | CUSIP: 68003DAA3<br>LEI: 549300MMK90CL5KMVX16 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2995684.41   | 0.50%             | 2036-02-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | Wells Fargo & Company 5.198%, Due 1/23/2030                            | CUSIP: 95000U3J0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3595000 | PA      | $3655843.22   | 0.61%             | 2030-01-23      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                             | Pilgrim's Pride Corp 6.250%, Due 07/01/33                              | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3145290.00   | 0.53%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN EXCHANGE-TRADED FUND TRUST                           | JPMorgan Equity Premium Income ETF                                     | CUSIP: 46641Q332<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |     92836 | NS      | $5346425.24   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                                                      | Walmart, Inc.                                                          | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     39507 | NS      | $5212158.51   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC                                      | Honeywell International, Inc.                                          | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     24533 | NS      | $5258157.89   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERCORE INC                                                     | Evercore, Inc. Class A                                                 | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     16987 | NS      | $5457753.23   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | United States Treasury Note/Bond 4.750%, Due 11/15/53                  | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5030000 | PA      | $4834891.03   | 0.81%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                           | Northern Oil & Gas Inc 7.875%, Due 10/15/2033                          | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   3667000 | PA      | $3799029.42   | 0.63%             | 2033-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | UNITED STATES TREAS NTS 4.25%, Due 8/15/2035                           | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5500000 | PA      | $5452734.38   | 0.91%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp 5.518% Due 10/25/2035                             | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3140000 | PA      | $3164091.96   | 0.53%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| BARRICK MINING CORP                                              | Barrick Mining Corporation                                             | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    192831 | NS      | $7585971.54   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCON AG                                                         | Alcon A.G. 0                                                           | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     62219 | NS      | $4658336.53   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| INTESA SANPAOLO SPA                                              | Intesa Sanpaolo S.p.A. 7.778%, Due 06/20/54                            | CUSIP: 46115HCB1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2498017.86   | 0.42%             | 2054-06-20      | Fixed         | 7.78%                 | Yes           |                  2 | On Loan: No      |
| MEDTRONIC PLC                                                    | Medtronic plc                                                          | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     42552 | NS      | $3445435.44   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                                                         | EQT Corporation                                                        | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     81427 | NS      | $4892134.16   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SIXTH STREET LENDING PARTNERS                                    | Sixth Street Lending Partners 5.75%, Due 01/15/2030                    | CUSIP: 829932AD4<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |   2085000 | PA      | $2073127.91   | 0.35%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | Morgan Stanley 6.296%, Due 10/18/2028                                  | CUSIP: 61747YEV3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2385000 | PA      | $2445652.22   | 0.41%             | 2028-10-18      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | Citigroup, Inc. 6.174%, Due 05/25/34                                   | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2065000 | PA      | $2151457.56   | 0.36%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                  | BAE Systems plc ADR                                                    | CUSIP: 05523R107<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     22827 | NS      | $2548862.82   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SINCLAIR TELEVISION GROUP INC                                    | Sinclair Television Group Inc 8.125% Due 2/15/2033                     | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   2566000 | PA      | $2660351.82   | 0.44%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | United States Treasury Note/Bond 3.875%, Due 07/31/2030                | CUSIP: 91282CNN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1935000 | PA      | $1926232.03   | 0.32%             | 2030-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                              | NextEra Energy Capital Holdings Inc 3.0% Due 3/1/2027                  | CUSIP: 65339KCY4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2920000 | PA      | $4244220.00   | 0.71%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                           | Northern Oil and Gas Inc 3.625%, Due 04/15/29                          | CUSIP: 665531AJ8<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2067000.00   | 0.35%             | 2029-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PROLOGIS INC                                                     | Prologis, Inc. REIT                                                    | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     30766 | NS      | $4369387.32   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB LTD                                                          | SLB Ltd.                                                               | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     89649 | NS      | $5099235.12   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| FLORIDA GAS TRANSMISSION COMPANY LLC                             | Florida Gas Transmission Co LLC 5.75% Due 07/15/2035                   | CUSIP: 340711BC3<br>LEI: 549300Q0UQF87NXNOC32 | Long             | DBT              | CORP              | US        |   2880000 | PA      | $2969818.59   | 0.50%             | 2035-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SAN DIEGO GAS & ELECTRIC COMPANY                                 | San Diego Gas & Electric Co 5.95%, Due 9/15/2055                       | CUSIP: 797440CJ1<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    210000 | PA      | $209167.94    | 0.03%             | 2056-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FACTSET RESEARCH SYSTEMS INC                                     | FactSet Research Systems, Inc.                                         | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |     20906 | NS      | $4757787.48   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES CAPITAL CORP                                                | Ares Capital Corporation 7.000%, Due  01/15/27                         | CUSIP: 04010LBE2<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3038825.28   | 0.51%             | 2027-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| X-ENERGY INC                                                     | X-Energy, Inc.                                                         | CUSIP: 98386P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    189981 | NS      | $6028097.13   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORP                                                       | FedEx Corporation                                                      | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     11653 | NS      | $4699771.43   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | U.S. Treasury Notes 4.625%, Due 02/15/2035                             | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6065000 | PA      | $6193407.45   | 1.03%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CORPORATE DEFENSE PROPERTIES LP                                  | Corporate Office Properties LP 5.250%, Due 09/15/28                    | CUSIP: 22003BAQ9<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |   2045000 | PA      | $2390160.15   | 0.40%             | 2028-09-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | U.S. Treasury Notes 4.0%, Due 11/15/2035                               | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5500000 | PA      | $5338437.50   | 0.89%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | United States Treasury Notes 4.375%, Due 05/15/2034                    | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6315000 | PA      | $6354962.08   | 1.06%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | CBOT 5 Year US Treasury Note 2026-06-30                                | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |       342 | NS      | $-583480.04   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY INC                                           | CenterPoint Energy Inc 4.25% Due 8/15/2026                             | CUSIP: 15189TBD8<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   3615000 | PA      | $4319925.00   | 0.72%             | 2026-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | Ultra U.S. Treasury Bond Futures 2026-06-18                            | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |        80 | NS      | $-414623.20   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                               | Energy Transfer Operating LP 7.125%, Perpetual                         | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2567905.00   | 0.43%             | 2165-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                                     | Chevron Corporation                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15183 | NS      | $2935025.73   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                                                     | QUALCOMM, Inc.                                                         | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     30261 | NS      | $5434270.38   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| GEORGIA POWER COMPANY                                            | Georgia Power Co 5.25%, Due 03/15/2034                                 | CUSIP: 373334KW0<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   2785000 | PA      | $2838598.16   | 0.47%             | 2034-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                              | Columbia Pipelines Operating Co LLC 6.544%, Due 11/15/53               | CUSIP: 19828TAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3705000 | PA      | $3896691.88   | 0.65%             | 2053-11-15      | Fixed         | 6.54%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | United States Treasury Note/Bond 4.75% Due 05/15/2055                  | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5650000 | PA      | $5436359.38   | 0.91%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                              | Kimco Realty OP LLC 4.85%, Due 3/1/2025                                | CUSIP: 49447BAB9<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |   2545000 | PA      | $2501205.82   | 0.42%             | 2035-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL LLC / EMC CORP                                | Dell International, LLC / EMC Corporation 8.350%, Due 07/15/2046       | CUSIP: 24703TAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1314000 | PA      | $1631392.23   | 0.27%             | 2046-07-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                     | MPT Operating Partnership LP / MPT Finance Corp 8.5% Due 2/15/2032     | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3116595.00   | 0.52%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| GAP INC (THE)                                                    | Gap, Inc. (The)                                                        | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |    152865 | NS      | $3758950.35   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-HQA1                          | Freddie Mac STACR REMIC Trust 2021-HQA1 9.34839%, Due 08/25/2033       | CUSIP: 35564KCP2<br>LEI: 5493000ISMYB8CLVZD05 | Long             | ABS-O            | USGSE             | US        |   2145000 | PA      | $2512026.45   | 0.42%             | 2033-08-25      | Floating      | 8.65%                 | Yes           |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                             | WEC Energy Group, Inc.                                                 | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     56205 | NS      | $6628817.70   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                                        | The Bank of Nova Scotia 8.625%, Due 10/27/2082                         | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | US        |   3270000 | PA      | $3431963.10   | 0.57%             | 2082-10-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO LP                                       | Penske Truck Leasing Co./ PTL Finance Corporation 6.200%, Due 06/15/30 | CUSIP: 709599BV5<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   2815000 | PA      | $2955714.42   | 0.49%             | 2030-06-15      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | Wells Fargo & Company                                                  | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     96053 | NS      | $7898438.19   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                      | CME Euro Foreign Exchange Currency Future 2026-06-15                   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DFE              | CORP              | US        |        75 | NS      | $124397.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                        | JPMorgan Chase & Company                                               | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     22704 | NS      | $7111573.92   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                                       | US Bancorp Floating Rate, Due 12/31/2049                               | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   4025000 | PA      | $3961275.80   | 0.66%             | 2049-12-31      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                                            | Lincoln National Corporation Floating rate, Due 12/31/2049             | CUSIP: 534187BR9<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |   2065000 | PA      | $2184710.12   | 0.36%             | 2049-12-31      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | MORGAN STANLEY POSITIVE VAR MARGIN                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    163268 | PA      | $163268.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                                                   | Amazon.com, Inc.                                                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     17314 | NS      | $4589248.84   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                           | Ultra 10-Year US Treasury Note Futures 2026-06-18                      | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |        60 | NS      | $-167057.70   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                                   | Public Storage REIT                                                    | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     10093 | NS      | $3052627.85   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO | Mexico Government International Bond 7.375%, Due 05/13/2055            | CUSIP: 91087BBD1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   3980000 | PA      | $4232730.00   | 0.71%             | 2055-05-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                     | Barclays, PLC Floating rate, Due 12/31/2049                            | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3306073.05   | 0.55%             | 2049-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DELL TECHNOLOGIES INC                                            | Dell Technologies, Inc. Class C                                        | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     24176 | NS      | $5051575.20   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| MERITAGE HOMES CORP                                              | Meritage Homes Corp 1.25% Due 05/15/2028                               | CUSIP: 59001ABF8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2627740.00   | 0.44%             | 2028-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ESSEX PROPERTY TRUST INC                                         | Essex Property Trust, Inc. REIT                                        | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     12567 | NS      | $3307760.07   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                                              | Gilead Sciences, Inc.                                                  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     79859 | NS      | $10448751.56  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp 6.25%, Due 3/15/2030                              | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3055000 | PA      | $3087016.40   | 0.52%             | 2035-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | Sunoco LP 7.875%, Due 03/18/2045                                       | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1460000 | PA      | $1511867.96   | 0.25%             | 2045-03-18      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| SEMPRA                                                           | Sempra Energy 6.400%, Due 10/01/2054                                   | CUSIP: 816851BT5<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3024192.00   | 0.50%             | 2054-10-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                     | Barclays PLC 7.385%, Due 11/02/28                                      | CUSIP: 06738ECD5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | US        |   2845000 | PA      | $2957661.20   | 0.49%             | 2028-11-02      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                  | Federal Home Loan Mortgage Corporation 4.500%, Due 12/01/2052          | CUSIP: 3132DWFQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2336774 | PA      | $2257496.81   | 0.38%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                       | Capital One Financial Corporation                                      | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     23338 | NS      | $4464559.40   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORP                                                       | Intel Corporation                                                      | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     23000 | NS      | $2173040.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COPPER CORP                                             | Southern Copper Corporation                                            | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     23113 | NS      | $3968270.97   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMUNITY HEALTH SYSTEMS INC                                     | CHS / Community Health Systems, Inc. 10.875%, Due 01/15/2032           | CUSIP: 12543DBN9<br>LEI: 549300BQWM4WENQ3YW73 | Long             | DBT              | CORP              | US        |   2141000 | PA      | $2297776.87   | 0.38%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| GOLUB CAPITAL PRIVATE CREDIT FUND                                | Golub Capital Private Credit Fund 5.6%, Due 4/15/2031                  | CUSIP: 38179RAG0<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3673500.17   | 0.61%             | 2031-04-15      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                             | Charter Communications 6.484%, Due 10/23/2045                          | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3456180.64   | 0.58%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                     | Alphabet, Inc. Class A                                                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     38919 | NS      | $14976031.20  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                  | Federal Home Loan Mortgage Corporation 5.000%, Due 01/01/2053          | CUSIP: 3132DWF57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2264461 | PA      | $2244351.26   | 0.37%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                       | Capital One Financial Corporation 7.624%, Due 10/30/2031               | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   2560000 | PA      | $2825340.83   | 0.47%             | 2031-10-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                               | Ally Financial, Inc. 6.992%, Due 06/13/29                              | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3301970.03   | 0.55%             | 2029-06-13      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | United States Treasury Note/Bond 4.375%, Due 08/15/2043                | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5250000 | PA      | $4915722.63   | 0.82%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GDS HOLDINGS LTD                                                 | GDS Holdings Ltd 2.25%, Due 06/01/2032                                 | CUSIP: 36165LAC2<br>LEI: 391200MGV8DDCHTN2R77 | Long             | DBT              | CORP              | KY        |   1310000 | PA      | $1955175.00   | 0.33%             | 2032-06-01      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| HP INC                                                           | HP Inc 6.1% Due 04/25/2035                                             | CUSIP: 40434LAS4<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   1435000 | PA      | $1509755.12   | 0.25%             | 2035-04-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                | LYB International Finance III LLC 5.125%, Due 1/15/2031                | CUSIP: 50249AAQ6<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181129.54    | 0.03%             | 2031-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corp 4.8%, Due 09/26/2032                                       | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1056212.01   | 0.18%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                             | Boston Properties LP 2.0%, Due 10/01/2030                              | CUSIP: 10112RBM5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3506250.00   | 0.59%             | 2030-10-01      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| B.A.T CAPITAL CORP                                               | BAT Capital Corp 7.75%, Due 10/19/2032                                 | CUSIP: 05526DBX2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   3576000 | PA      | $4105082.22   | 0.69%             | 2032-10-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | United States Treasury Note/Bond 4.75%, Due 8/15/2055                  | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2406640.63   | 0.40%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | MORGAN STANLEY & COMPANY MARGIN DEPOSIT ACCOUNT                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1333000 | PA      | $1333000.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                                | Johnson & Johnson                                                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     32252 | NS      | $7413122.20   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC Holdings PLC Floating rate, Due 12/31/2049                        | CUSIP: 404280DT3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | US        |   3455000 | PA      | $3602497.41   | 0.60%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                                                 | SBL Holdings Inc 7.2%, Due 10/30/2034                                  | CUSIP: 78397DAD0<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3328693.34   | 0.56%             | 2034-10-30      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| ALPHABET INC                                                     | Alphabet Inc 5.30% Due 05/15/2065                                      | CUSIP: 02079KAN7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2027889.65   | 0.34%             | 2065-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | United States Treasury Note/Bond 4.5%, Due 11/15/2054                  | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5430000 | PA      | $5014053.53   | 0.84%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORP                             | International Business Machines Corp 5.7%, Due 2/10/2055               | CUSIP: 459200LK5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1569583.54   | 0.26%             | 2055-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS LP                                  | Enterprise Products Partners, L.P.                                     | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    122856 | NS      | $4754527.20   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS INC                                                       | Ventas, Inc. REIT                                                      | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     69355 | NS      | $6093530.30   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | U.S. Treasury Notes 4.125, Due 11/15/2032                              | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1310000 | PA      | $1306008.59   | 0.22%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK LTD                                      | National Australia Bank Ltd 6.429%, Due 01/12/33                       | CUSIP: 632525BC4<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | US        |   2870000 | PA      | $3061915.87   | 0.51%             | 2033-01-12      | Fixed         | 6.43%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | CBOT 2 Year US Treasury Note Future 2026-06-30                         | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |       115 | NS      | $-208784.80   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| BWX TECHNOLOGIES INC                                             | BWX Technologies Inc 0.0%, Due 11/01/2030                              | CUSIP: 05605HAD2<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |   3960000 | PA      | $4284720.00   | 0.72%             | 2030-11-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| PEPSICO INC                                                      | PepsiCo, Inc.                                                          | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     17832 | NS      | $2826193.68   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| KRATOS DEFENSE & SECURITY SOLUTIONS INC                          | Kratos Defense & Security Solutions, Inc.                              | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     90600 | NS      | $5712330.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | United States Treasury Note/Bond 4.625%, Due 11/15/2055                | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4718750.00   | 0.79%             | 2055-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | UNITED STATES TREAS NTS 4.00% Due 02/28/2030                           | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3250000 | PA      | $3253554.69   | 0.54%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FARMERS EXCHANGE CAPITAL                                         | Farmers Exchange Capital 7.050%, Due 07/15/2028                        | CUSIP: 309588AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3670000 | PA      | $3799464.53   | 0.63%             | 2028-07-15      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | Celanese US Holdings LLC 6.350%, due 11/15/28                          | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1543000 | PA      | $1613843.76   | 0.27%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                                   | Microsoft Corporation                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     21700 | NS      | $8848826.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSCANADA TRUST                                                | Transcanada Trust 5.600%, Due 03/07/2082                               | CUSIP: 89356BAG3<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | US        |   2918000 | PA      | $2881793.16   | 0.48%             | 2082-03-07      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corporation 6.900%, Due 11/09/52                                | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $1963396.08   | 0.33%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| MYLAN INC                                                        | Mylan, Inc. 5.200%, Due 04/15/2048                                     | CUSIP: 628530BJ5<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2116372.84   | 0.35%             | 2048-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                             | Lockheed Martin Corporation                                            | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     10988 | NS      | $5691454.36   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| SITIOS LATINOAMERICA SAB DE CV                                   | America Movil SAB de CV 5.375%, Due 04/04/2032                         | CUSIP: 03217KAB4<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $3034410.23   | 0.51%             | 2032-04-04      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | United States Treasury Note/Bond 3.875%, Due 04/30/2031                | CUSIP: 91282CQK0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6660000 | PA      | $6615773.47   | 1.10%             | 2031-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Westwood Income Opportunity Fund

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer