# EDGAR Filing Document

**Accession Number:** 0000711080
**File Stem:** 0001193125-26-076391
**Filing Date:** 2026-2
**Character Count:** 250425
**Document Hash:** 028125745fba892eab7e0654ca0cbb31
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-076391.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001193125-26-076391

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TOUCHSTONE STRATEGIC TRUST
- **CENTRAL INDEX KEY:** 0000711080

**ORGANIZATION NAME:**
- **EIN:** 311276717
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03651
- **FILM NUMBER:** 26687287

**BUSINESS ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202-4203
- **BUSINESS PHONE:** 5133628000

**MAIL ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202-4203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COUNTRYWIDE STRATEGIC TRUST
- **DATE OF NAME CHANGE:** 19970303

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MIDWEST STRATEGIC TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FINANCIAL INDEPENDENCE TRUST
- **DATE OF NAME CHANGE:** 19900604

## Series and Classes Contracts Data

### Touchstone Balanced Fund (Series ID: S000059009)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000193583 | Class A      | SEBLX           |
| C000193584 | Class C      | SBACX           |
| C000193585 | Class Y      | SIBLX           |
| C000231974 | Class R6     | TBARX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Touchstone Strategic Trust

- **b. Investment Company Act file number:** 811-03651

- **c. CIK number of Registrant:** 0000711080

- **d. LEI of Registrant:** 5493006Z577I3GNQF624

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

  - **Street Address 1:** 303 Broadway

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45202

  - **Telephone number:** 8006388194

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

- **a. Name of Series:** Touchstone Strategic Trust-Touchstone Balanced Fund

- **b. EDGAR series identifier (if any):** S000059009

- **c. LEI of Series:** 549300KT2SFR9V4KST18

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

- **a. Date of fiscal year-end:** 2026-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1013634330.74

**Total Liabilities:** $9794926.49

**Net Assets:** $1003839404.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 4402.479960417299 | **1-Year:** 7182.490696333717 | **5-Year:** 35737.513571849041 | **10-Year:** 57371.456749315390 | **30-Year:** 25904.572704795079

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

- **3-Month:** 157.205303696353 | **1-Year:** 1112.164714022435 | **5-Year:** 2308.154186600812 | **10-Year:** 224.862827521666 | **30-Year:** 11.763255847194

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000193583 | 1.10%                | 0.23%                | 0.66%                |
| Class ID C000193584 | 1.07%                | 0.16%                | 0.60%                |
| Class ID C000193585 | 1.15%                | 0.23%                | 0.69%                |
| Class ID C000231974 | 1.15%                | 0.23%                | 0.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $12549503.09             | $-2369772.12                               |
| Month 2  | $-22086.95               | $829256.36                                 |
| Month 3  | $507906.55               | $4739475.79                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Short-Term Invts T                                                                                     | Short-Term Invts T INVSCO GOVT INST                                   | CUSIP: 825252885<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |   7548136 | NS      | $7548136.50   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Mars Inc.                                                                                              | MARS 3.6 04/01/34 144A                                                | CUSIP: 571676AC9<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    697000 | PA      | $643985.92    | 0.06%             | 2034-04-01      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Mars Inc.                                                                                              | MARS 5.2 03/01/35 144A                                                | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    878000 | PA      | $904278.36    | 0.09%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                                                                                | MOH 4.375 06/15/28 144A                                               | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21635.80     | 0.00%             | 2028-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                                                                                | MOH 3.875 05/15/32 144A                                               | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     31000 | PA      | $28161.61     | 0.00%             | 2032-05-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| National Mentor Holdings Inc                                                                           | MENTOR 10.5 12/15/30 144A                                             | CUSIP: 63688RAF4<br>LEI: 5493004QULJVJP3CNZ62 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28148.35     | 0.00%             | 2030-12-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                                     | NRUC V5.25 04/20/46                                                   | CUSIP: 637432NK7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     39000 | PA      | $38945.85     | 0.00%             | 2046-04-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PNC Capital Trust C                                                                                    | PNC F 06/01/28                                                        | CUSIP: 69349AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1377808.57   | 0.14%             | 2028-06-01      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                       | PM 5.375 02/15/33                                                     | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1349000 | PA      | $1412983.34   | 0.14%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                                     | POST 4.625 04/15/30 144A                                              | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     32000 | PA      | $31163.31     | 0.00%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                                     | POST 6.25 10/15/34 144A                                               | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     58000 | PA      | $58321.94     | 0.01%             | 2034-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                                     | POST 6.5 03/15/36 144A                                                | CUSIP: 737446AY0<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26038.00     | 0.00%             | 2036-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Oncor Electric Delivery Company LLC                                                                    | ONCRTX 5.8 04/01/55 144A                                              | CUSIP: 68233JDA9<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   1266000 | PA      | $1278251.45   | 0.13%             | 2055-04-01      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| PRA Group Inc.                                                                                         | PRAA 8.375 02/01/28 144A                                              | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13291.90     | 0.00%             | 2028-02-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| PRA Group Inc.                                                                                         | PRAA 8.875 01/31/30 144A                                              | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67244.62     | 0.01%             | 2030-01-31      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Precision Drilling Corporation                                                                         | PDCN 6.875 01/15/29 144A                                              | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $35392.70     | 0.00%             | 2029-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| RTX Corp.                                                                                              | RTX 6.4 03/15/54                                                      | CUSIP: 75513ECX7<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    864000 | PA      | $953539.97    | 0.09%             | 2054-03-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| SBL Holdings Inc.                                                                                      | SECBEN V9.508 PERP 144A                                               | CUSIP: 78397DAA6<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |    104000 | PA      | $106079.90    | 0.01%             | N/A             | Floating      | 9.51%                 | Yes           |                  2 | On Loan: No      |
| S&S Holdings LLC                                                                                       | SSACTI 8.375 10/01/31 144A                                            | CUSIP: 78525CAA3<br>LEI: 25490047QJT06H3Z7U34 | Long             | DBT              | CORP              | US        |     29000 | PA      | $27789.67     | 0.00%             | 2031-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TR                                                                    | SDART 2025-4 D                                                        | CUSIP: 802923AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2008421.20   | 0.20%             | 2032-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Science Applications International Corp.                                                               | SAIC 5.875 11/01/33 144A                                              | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |     54000 | PA      | $54741.95     | 0.01%             | 2033-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Sempra                                                                                                 | SRE V4.125 04/01/52                                                   | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |     91000 | PA      | $89134.39     | 0.01%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Sempra Infrastructure Partners LP                                                                      | SMPINF 3.25 01/15/32 144A                                             | CUSIP: 81685VAA1<br>LEI: 549300L0B3MD11PUAA07 | Long             | DBT              | CORP              | US        |   1418000 | PA      | $1256686.35   | 0.13%             | 2032-01-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                                                           | Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     48376 | NS      | $14700982.64  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| VT Topco Inc.                                                                                          | VERCOR 8.5 08/15/30 144A                                              | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41772.96     | 0.00%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Westrock MWV LLC                                                                                       | SW 8.2 01/15/30                                                       | CUSIP: 961548AV6<br>LEI: 4DL8C98Z5G5IXZLH3578 | Long             | DBT              | CORP              | US        |    256000 | PA      | $291543.30    | 0.03%             | 2030-01-15      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)                    | AER 3 10/29/28                                                        | CUSIP: 00774MAW5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    924000 | PA      | $896121.97    | 0.09%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Air Canada Pass Through Trust Series 2015-1                                                            | ACACN 3.6 03/15/27 144A                                               | CUSIP: 009090AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |     63120 | PA      | $62407.83     | 0.01%             | 2028-09-15      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Altagas Ltd                                                                                            | ALACN V7.2 10/15/54 144A                                              | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |     54000 | PA      | $55978.83     | 0.01%             | 2054-10-15      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| Canadian Pacific Railway Company                                                                       | CP 3 12/02/41                                                         | CUSIP: 13645RBG8<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   1286000 | PA      | $963975.76    | 0.10%             | 2041-12-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP / Emerald Co-Issuer Inc.                                                             | EMECLI 6.75 07/15/31 144A                                             | CUSIP: 26873CAB8<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11592.99     | 0.00%             | 2031-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: —       |
| Edison International                                                                                   | EIX 4.125 03/15/28                                                    | CUSIP: 281020AM9<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    719000 | PA      | $710772.55    | 0.07%             | 2028-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                                   | EIX V7.875 06/15/54                                                   | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    112000 | PA      | $116863.60    | 0.01%             | 2054-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                                                                                   | ELV 4.75 02/15/33                                                     | CUSIP: 28622HAB7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    942000 | PA      | $946226.69    | 0.09%             | 2033-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP / Emerald Co-Issuer Inc.                                                             | EMECLI 6.625 12/15/30 144A                                            | CUSIP: 29103CAA6<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |     33000 | PA      | $34396.69     | 0.00%             | 2030-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AH8925                                                             | CUSIP: 3138AA4K4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    193287 | PA      | $194654.40    | 0.02%             | 2041-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                             | Boeing Co. COM USD5.00                                                | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     57581 | NS      | $12501986.72  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AR9195                                                             | CUSIP: 3138W7GD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    217516 | PA      | $201538.13    | 0.02%             | 2043-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Company                                                                           | Bristol-Myers Squibb Company COM USD0.10                              | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    140997 | NS      | $7605378.18   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN 725423                                                             | CUSIP: 31402C4G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    165111 | PA      | $169813.97    | 0.02%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                                    | Comcast Corporation COM USD0.01 CL A                                  | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    185727 | NS      | $5551380.03   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN 725610                                                             | CUSIP: 31402DDP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    146734 | PA      | $150540.84    | 0.01%             | 2034-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Deere & Company                                                                                        | Deere & Company COM USD1                                              | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     14129 | NS      | $6578038.53   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN 748895                                                             | CUSIP: 31403G7G1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15513 | PA      | $15507.62     | 0.00%             | 2033-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                                                                              | WBD 4.279 03/15/32 *                                                  | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     28000 | PA      | $24578.96     | 0.00%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: —       |
| Fnma Pass-Thru I                                                                                       | FN BC1809                                                             | CUSIP: 3140EWAK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    333417 | PA      | $315906.53    | 0.03%             | 2046-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                                                                              | WBD 5.05 03/15/42 *                                                   | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     62000 | PA      | $43772.00     | 0.00%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                       | FN BT7156                                                             | CUSIP: 3140LV5S4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1461286 | PA      | $1198267.23   | 0.12%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc.                                                                                 | Texas Instruments Inc. COM USD1.00                                    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     53200 | NS      | $9229668.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN CB1336                                                             | CUSIP: 3140QLPW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1522227 | PA      | $1331783.71   | 0.13%             | 2041-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities 2021-2 Trust                                                    | WFMBS 2021-2 A3                                                       | CUSIP: 949798AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    991957 | PA      | $891903.49    | 0.09%             | 2051-06-25      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN CB2643                                                             | CUSIP: 3140QM5D2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2065921 | PA      | $1761537.40   | 0.18%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2018-Aus                                                         | WFCM 2018-AUS B                                                       | CUSIP: 94990EAE4<br>LEI: 54930012YCNUERXJ1I74 | Long             | ABS-O            | CORP              | US        |    770000 | PA      | $753123.22    | 0.08%             | 2036-08-15      | Variable      | 4.06%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN CB3606                                                             | CUSIP: 3140QPAG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1707374 | PA      | $1585336.93   | 0.16%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                                               | WCC 6.375 03/15/29 144A                                               | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21686.04     | 0.00%             | 2029-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN CB5633                                                             | CUSIP: 3140QRHK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1491485 | PA      | $1464530.58   | 0.15%             | 2053-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                                               | WCC 6.625 03/15/32 144A                                               | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21928.39     | 0.00%             | 2032-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Gildan Activewear Inc.                                                                                 | GILCN 4.7 10/07/30 144A                                               | CUSIP: 375916AF0<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |    856000 | PA      | $852560.34    | 0.08%             | 2030-10-07      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                       | FN FA2759                                                             | CUSIP: 3140W3B57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1578987 | PA      | $1602381.70   | 0.16%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                                               | WCC 6.375 03/15/33 144A                                               | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12529.01     | 0.00%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Gildan Activewear Inc.                                                                                 | GILCN 5.4 10/07/35 144A                                               | CUSIP: 375916AG8<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |    720000 | PA      | $719375.25    | 0.07%             | 2035-10-07      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FM5682                                                             | CUSIP: 3140X9J48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    456460 | PA      | $393184.40    | 0.04%             | 2051-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                         | WES 5.25 02/01/50                                                     | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    977000 | PA      | $838522.36    | 0.08%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pediatrix Medical Group Inc                                                                            | MD 5.375 02/15/30 144A                                                | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     78000 | PA      | $77785.61     | 0.01%             | 2030-02-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FM7913                                                             | CUSIP: 3140XBYK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1030325 | PA      | $958186.41    | 0.10%             | 2036-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-3                                                           | WLAKE 2025-3A C                                                       | CUSIP: 96043QAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    825000 | PA      | $827337.56    | 0.08%             | 2031-07-15      | Fixed         | 4.68%                 | Yes           |                  2 | On Loan: No      |
| PacifiCorp.                                                                                            | BRKHEC 5.75 04/01/37                                                  | CUSIP: 695114CD8<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    887000 | PA      | $900627.00    | 0.09%             | 2037-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FM8360                                                             | CUSIP: 3140XCJE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1454458 | PA      | $1254295.50   | 0.12%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                                            | BRKHEC V7.375 09/15/55                                                | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     56000 | PA      | $57074.70     | 0.01%             | 2055-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FM8361                                                             | CUSIP: 3140XCJF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1367503 | PA      | $1168274.57   | 0.12%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                                                                                | SSNC 5.5 09/30/27 144A                                                | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27023.60     | 0.00%             | 2027-09-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FM9448                                                             | CUSIP: 3140XDQA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1157924 | PA      | $939859.28    | 0.09%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Sonic Automotive, Inc.                                                                                 | SAH 4.625 11/15/29 144A                                               | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50063.66     | 0.00%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FS0816                                                             | CUSIP: 3140XF4A6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    873836 | PA      | $828174.93    | 0.08%             | 2037-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STORE Capital Corp.                                                                                    | STOR 4.625 03/15/29                                                   | CUSIP: 862121AB6<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | DBT              | CORP              | US        |    623000 | PA      | $620956.35    | 0.06%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FS6157                                                             | CUSIP: 3140XMZX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1803152 | PA      | $1601946.48   | 0.16%             | 2052-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STORE Capital Corp.                                                                                    | STOR 2.7 12/01/31                                                     | CUSIP: 862121AD2<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | DBT              | CORP              | US        |    776000 | PA      | $686150.18    | 0.07%             | 2031-12-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FS6793                                                             | CUSIP: 3140XNRP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1957988 | PA      | $1867997.29   | 0.19%             | 2053-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FS6899                                                             | CUSIP: 3140XNUZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2025532 | PA      | $1797333.68   | 0.18%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FN MA4166                                                             | CUSIP: 31418DTY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    463471 | PA      | $432765.10    | 0.04%             | 2040-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FN MA4783                                                             | CUSIP: 31418EJ50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1711414 | PA      | $1632974.19   | 0.16%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN AD9193                                                             | CUSIP: 31418XGB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     73330 | PA      | $75491.92     | 0.01%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                                                                        | Microsoft Corp. COM USD0.00000625                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    125789 | NS      | $60834076.18  | 6.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargill Inc.                                                                                           | CARGIL 4.76 11/23/45 144A                                             | CUSIP: 141781BF0<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   1074000 | PA      | $972902.00    | 0.10%             | 2045-11-23      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                                   | CCL 6.125 02/15/33 144A                                               | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     14000 | PA      | $14456.26     | 0.00%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                                   | CCL 5.875 06/15/31 144A                                               | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     95000 | PA      | $98125.79     | 0.01%             | 2031-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                                   | CCL 5.75 08/01/32 144A                                                | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    105000 | PA      | $107782.61    | 0.01%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Carriage Services, Inc.                                                                                | CSV 4.25 05/15/29 144A                                                | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     33000 | PA      | $31754.86     | 0.00%             | 2029-05-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                                      | CCI 4.8 09/01/28                                                      | CUSIP: 22822VBB6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    992000 | PA      | $1006748.46   | 0.10%             | 2028-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FNR 2018-19 EZ                                                        | CUSIP: 3136B1PV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1907811 | PA      | $1726972.81   | 0.17%             | 2048-04-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FNR 2019-35 KB                                                        | CUSIP: 3136B5GY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1500000 | PA      | $1252948.65   | 0.12%             | 2049-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FNR 2022-16 KB                                                        | CUSIP: 3136BMNW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2150000 | PA      | $1682727.82   | 0.17%             | 2049-11-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ferguson Enterprises Inc                                                                               | FERG 4.35 03/15/31                                                    | CUSIP: 31488VAB3<br>LEI: 2138003JYQMRP3SLX189 | Long             | DBT              | CORP              | US        |   1322000 | PA      | $1318607.67   | 0.13%             | 2031-03-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SM Energy Co.                                                                                          | SM 7 08/01/32 144A                                                    | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34407.40     | 0.00%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Truist Financial Corp.                                                                                 | TFC F 05/15/27 A                                                      | CUSIP: 86787XAA3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1844000 | PA      | $1832634.67   | 0.18%             | 2027-05-15      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| The Timken Company                                                                                     | TKR 4.5 12/15/28                                                      | CUSIP: 887389AK0<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | DBT              | CORP              | US        |   1358000 | PA      | $1368875.39   | 0.14%             | 2028-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2015-6                                                                       | TPMT 2015-6 B1                                                        | CUSIP: 89172RAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1368788.68   | 0.14%             | 2055-04-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                                              | TPMT 2019-4 M1B                                                       | CUSIP: 89178BAS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1140000 | PA      | $971711.49    | 0.10%             | 2059-10-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                        | TDG 6.375 03/01/29 144A                                               | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36094.41     | 0.00%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                        | TDG 6.625 03/01/32 144A                                               | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     53000 | PA      | $55145.28     | 0.01%             | 2032-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| TK Elevator Us Newco Inc.                                                                              | THYELE 5.25 07/15/27 144A                                             | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200047.60    | 0.02%             | 2027-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Turning Point Brands Inc                                                                               | TPB 7.625 03/15/32 144A                                               | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |    130000 | PA      | $138360.56    | 0.01%             | 2032-03-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Apple Inc.                                                                                             | Apple Inc. COM USD0.00001                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    187186 | NS      | $50888385.96  | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                                                                                 | Applied Materials Inc. COM USD0.01                                    | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     37678 | NS      | $9682869.22   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Suisse Commercial Mortgage Trust                                                                | CSMC 2013-IVR3 B2                                                     | CUSIP: 12646XAX0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     64793 | PA      | $64030.01     | 0.01%             | 2043-05-25      | Variable      | 3.39%                 | Yes           |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                                     | META 4.875 11/15/35                                                   | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1335454.73   | 0.13%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Chile (Republic Of)                                                                                    | CHILE 3.1 01/22/61                                                    | CUSIP: 168863DQ8<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    834000 | PA      | $516162.60    | 0.05%             | 2061-01-22      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                                                                             | CSMC 2015-1 B3                                                        | CUSIP: 12649NAU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    206234 | PA      | $200505.51    | 0.02%             | 2045-01-25      | Variable      | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LLP / Medline Co-Issuer Inc.                                                          | MEDIND 6.25 04/01/29 144A                                             | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19641.46     | 0.00%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                                    | NEE V0 10/01/66                                                       | CUSIP: 302570AW6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     49000 | PA      | $42868.05     | 0.00%             | 2066-10-01      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| Cascades Inc.                                                                                          | CASCN 5.375 01/15/28 144A                                             | CUSIP: 14739LAB8<br>LEI: FPD41G4F3GH7OJ38TS94 | Long             | DBT              | CORP              | CA        |     27000 | PA      | $26931.64     | 0.00%             | 2028-01-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media Inc.                                                                                     | NXST 4.75 11/01/28 144A                                               | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59571.02     | 0.01%             | 2028-11-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: —       |
| GS MTG-BACKED SECS TR 2021-PJ8                                                                         | GSMBS 2021-PJ8 A8                                                     | CUSIP: 36262WAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950641 | PA      | $856472.87    | 0.09%             | 2052-01-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Corporation of Michigan                                                              | CACC 9.25 12/15/28                                                    | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52257.94     | 0.01%             | 2028-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| BWX Technologies Inc.                                                                                  | BWXT 4.125 06/30/28 144A                                              | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |     62000 | PA      | $61064.54     | 0.01%             | 2028-06-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media Inc.                                                                                     | NXST 5.625 07/15/27 144A                                              | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55148.01     | 0.01%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| NGPL Pipe Co LLC                                                                                       | NGPLCO 7.768 12/15/37 144A                                            | CUSIP: 62912XAC8<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |   1244000 | PA      | $1447167.78   | 0.14%             | 2037-12-15      | Fixed         | 7.77%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Corporation of Michigan                                                              | CACC 6.625 03/15/30                                                   | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35042.08     | 0.00%             | 2030-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Bx Commercial Mortgage Trust 2018-Bioa                                                                 | BX 2020-VIV3 B                                                        | CUSIP: 05608EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1422658.80   | 0.14%             | 2044-03-11      | Variable      | 3.66%                 | Yes           |                  2 | On Loan: No      |
| Norfolk Southern Corporation                                                                           | NSC 4.837 10/01/41                                                    | CUSIP: 655844BH0<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    808000 | PA      | $763682.56    | 0.08%             | 2041-10-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Co Ltd.                                                                                   | NSANY 4.81 09/17/30 144A                                              | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $188567.53    | 0.02%             | 2030-09-17      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FNR 2016-44 ZD                                                        | CUSIP: 3136AS3P9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1993934 | PA      | $1683550.25   | 0.17%             | 2046-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bristow Group Inc                                                                                      | VTOL 6.875 03/01/28 144A                                              | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |     52000 | PA      | $52062.66     | 0.01%             | 2028-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Northwestern Mutual Life Insurance Co.                                                                 | NWMLIC 3.85 09/30/47 144A                                             | CUSIP: 668138AA8<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |   1220708 | PA      | $951437.20    | 0.09%             | 2047-09-30      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| State Street Corp.                                                                                     | STT F 06/15/47                                                        | CUSIP: 857477AY9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1766000 | PA      | $1577853.70   | 0.16%             | 2047-06-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FNR 2017-72 DZ                                                        | CUSIP: 3136AXV77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2285552 | PA      | $1778873.06   | 0.18%             | 2047-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                          | CHTR 4.5 05/01/32                                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $15258.13     | 0.00%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NOVA Chemicals Corp.                                                                                   | NCX 8.5 11/15/28 144A                                                 | CUSIP: 66977WAT6<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     41000 | PA      | $42866.36     | 0.00%             | 2028-11-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Station Casinos LLC                                                                                    | RRR 4.625 12/01/31 144A                                               | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |     39000 | PA      | $36972.11     | 0.00%             | 2031-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: —       |
| FLAGSTAR MTG TR 2021-6INV                                                                              | FSMT 2021-6INV A4                                                     | CUSIP: 33851GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1544815 | PA      | $1294023.40   | 0.13%             | 2051-08-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                          | CHTR 6.375 09/01/29 144A                                              | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     29000 | PA      | $29398.63     | 0.00%             | 2029-09-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Poland (Republic of)                                                                                   | POLAND 5.5 03/18/54 30Y                                               | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    870000 | PA      | $833169.42    | 0.08%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Stonepeak Nile Parent LLC                                                                              | ATSG 7.25 03/15/32 144A                                               | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |     37000 | PA      | $39156.06     | 0.00%             | 2032-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                               | G2 MA8945                                                             | CUSIP: 36179X5E2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1860003 | PA      | $1772614.21   | 0.18%             | 2053-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                                     | Meta Platforms Inc COM USD0.000006 CL 'A'                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     65421 | NS      | $43183747.89  | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                          | CHTR 7.375 03/01/31 144A                                              | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $61229.25     | 0.01%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Walt Disney Company                                                                                    | Walt Disney Company COM DISNEY USD0.01                                | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     50137 | NS      | $5704086.49   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto Finance (USA) plc                                                                            | RIOLN 5.25 03/14/35                                                   | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    626000 | PA      | $646224.04    | 0.06%             | 2035-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                               | G2 5175                                                               | CUSIP: 36202FXC5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    324456 | PA      | $327079.79    | 0.03%             | 2041-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hubbell Incorporated                                                                                   | Hubbell Incorporated COM USD0.001                                     | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     14559 | NS      | $6465797.49   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                                                                       | Amazon.com, Inc. COM USD0.01                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    158995 | NS      | $36699225.90  | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                                                                                  | Monster Beverage Corp COM USD0.005                                    | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |    115420 | NS      | $8849251.40   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CLI Funding Llc                                                                                        | CLIF 2020-3A A                                                        | CUSIP: 12563LAS6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    734767 | PA      | $694755.98    | 0.07%             | 2045-10-18      | Fixed         | 2.07%                 | Yes           |                  2 | On Loan: No      |
| International Flavors & Fragrances Inc.                                                                | International Flavors & Fragrances Inc. COM USD0.125                  | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |     61501 | NS      | $4144552.39   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                                               | G2 786741                                                             | CUSIP: 3622ACLW8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1397299 | PA      | $1278092.36   | 0.13%             | 2052-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LPL Financial Holdings Inc.                                                                            | LPL Financial Holdings Inc. COM USD0.001                              | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     19521 | NS      | $6972315.57   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Suisse Mortgage Capital LLC                                                                     | CSMC 2015-WIN1 B3                                                     | CUSIP: 12649KAW7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    208396 | PA      | $202591.15    | 0.02%             | 2044-12-25      | Variable      | 3.77%                 | Yes           |                  2 | On Loan: No      |
| Netflix, Inc.                                                                                          | Netflix, Inc. COM USD0.001                                            | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     49740 | NS      | $4663622.40   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                                                                                 | CMS V4.75 06/01/50                                                    | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1863000 | PA      | $1832677.94   | 0.18%             | 2050-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Markel Group Inc                                                                                       | Markel Group Inc COM NPV                                              | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      6155 | NS      | $13231095.75  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                                                                                    | GPN 5.2 11/15/32                                                      | CUSIP: 37940XAX0<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   1206000 | PA      | $1207836.70   | 0.12%             | 2032-11-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                                                                        | Salesforce Inc. COM USD0.001                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     47914 | NS      | $12692897.74  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Capital Inc.                                                                                   | AHTLN 4 05/01/28 144A                                                 | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    995000 | PA      | $984424.23    | 0.10%             | 2028-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST                                                                           | CSMC 2018-RPL9 TRUST                                                  | CUSIP: 12654PAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1900000 | PA      | $1804991.26   | 0.18%             | 2057-09-25      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| Clearwater Paper Corporation                                                                           | CLW 4.75 08/15/28 144A                                                | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |     59000 | PA      | $55165.00     | 0.01%             | 2028-08-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Avantor Funding Inc                                                                                    | AVTR 3.875 11/01/29 144A                                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     39000 | PA      | $37299.88     | 0.00%             | 2029-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Global Medical Response Incorporated                                                                   | AIMEGR 7.375 10/01/32 144A                                            | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |     72000 | PA      | $74834.92     | 0.01%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 20.                                                                    | BRAVO 2024-NQM8 A1A                                                   | CUSIP: 10571DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    778220 | PA      | $769849.56    | 0.08%             | 2053-08-25      | Variable      | 4.30%                 | Yes           |                  2 | On Loan: No      |
| GoEasy Limited                                                                                         | GSYCN 9.25 12/01/28 144A                                              | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     76000 | PA      | $78142.06     | 0.01%             | 2028-12-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                                              | TIBX 8.25 06/30/32 144A                                               | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     46000 | PA      | $48071.85     | 0.00%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: —       |
| Broadcom Inc                                                                                           | AVGO 3.419 04/15/33                                                   | CUSIP: 11135FCU3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1481000 | PA      | $1374416.61   | 0.14%             | 2033-04-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Howard Hughes Holdings Inc.                                                                            | HHH 4.125 02/01/29 144A                                               | CUSIP: 44267DAE7<br>LEI: 254900TY494BHXIU6M60 | Long             | DBT              | CORP              | US        |     36000 | PA      | $34982.22     | 0.00%             | 2029-02-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Buckeye Partners LP                                                                                    | BPL 6.875 07/01/29 144A                                               | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     84000 | PA      | $87366.38     | 0.01%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| GoEasy Limited                                                                                         | GSYCN 7.625 07/01/29 144A                                             | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     17000 | PA      | $16816.48     | 0.00%             | 2029-07-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital America                                                                                | HYNMTR 5.35 03/19/29 144A                                             | CUSIP: 44891ACY1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    999000 | PA      | $1028315.87   | 0.10%             | 2029-03-19      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                                                                   | NOVHOL 6.75 04/15/32 144A                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13367.57     | 0.00%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                                       | BNSF 5.75 05/01/40                                                    | CUSIP: 12189LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    983000 | PA      | $1041473.45   | 0.10%             | 2040-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ingram Micro Inc.                                                                                      | IM 4.75 05/15/29 144A                                                 | CUSIP: 45258LAA5<br>LEI: 549300KJMEWPKRQZHX63 | Long             | DBT              | CORP              | US        |     82000 | PA      | $80935.62     | 0.01%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                          | CHTR 4.75 03/01/30 144A                                               | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    151000 | PA      | $144221.53    | 0.01%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GoEasy Limited                                                                                         | GSYCN 6.875 05/15/30 144a                                             | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     26000 | PA      | $24816.78     | 0.00%             | 2030-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Ingles Markets, Incorporated                                                                           | IMKTA 4 06/15/31 144A                                                 | CUSIP: 457030AK0<br>LEI: 549300XH5RYBMYP8TF26 | Long             | DBT              | CORP              | US        |     47000 | PA      | $44413.98     | 0.00%             | 2031-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                                                                     | KO 2.5 03/15/51                                                       | CUSIP: 191216DC1<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   1876000 | PA      | $1130154.95   | 0.11%             | 2051-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                          | CHTR 4.25 02/01/31 144A                                               | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    118000 | PA      | $108454.44    | 0.01%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership Lp                                                              | INVH 4.15 04/15/32                                                    | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   1206000 | PA      | $1174341.19   | 0.12%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FR SB0855                                                             | CUSIP: 3132CW5Q3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1163184 | PA      | $1124325.68   | 0.11%             | 2037-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Upbound Group Inc                                                                                      | UPBD 6.375 02/15/29 144A                                              | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49371.31     | 0.00%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| JB Poindexter & Co Inc                                                                                 | JBPOIN 8.75 12/15/31 144A                                             | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57611.19     | 0.01%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Comcast Corporation                                                                                    | CMCSA 4 03/01/48                                                      | CUSIP: 20030NCK5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    796000 | PA      | $600685.98    | 0.06%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FR SD8148                                                             | CUSIP: 3132DWBR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1138877 | PA      | $1015279.32   | 0.10%             | 2051-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Jack in the Box Inc.                                                                                   | JACK 2019-1A A2II                                                     | CUSIP: 466365AB9<br>LEI: 5493002OJW26P0SUUP68 | Long             | ABS-O            | CORP              | US        |    990600 | PA      | $982939.59    | 0.10%             | 2049-08-25      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FR SD4499                                                             | CUSIP: 3132E07L0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1966154 | PA      | $1826290.24   | 0.18%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                          | USB V4.967 07/22/33 MTN                                               | CUSIP: 91159HJG6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    807000 | PA      | $814198.24    | 0.08%             | 2033-07-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Jack in the Box Inc.                                                                                   | JACK 2022-1A A2I                                                      | CUSIP: 466365AD5<br>LEI: 5493002OJW26P0SUUP68 | Long             | ABS-O            | CORP              | US        |    925000 | PA      | $895423.13    | 0.09%             | 2052-02-25      | Fixed         | 3.44%                 | Yes           |                  2 | On Loan: No      |
| Tibco Software Inc                                                                                     | TIBX 6.5 03/31/29 144A                                                | CUSIP: 88632QAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     76000 | PA      | $76994.68     | 0.01%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FR RA7784                                                             | CUSIP: 3133KPUH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1765592 | PA      | $1736056.49   | 0.17%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2018-MINN                                         | JPMCC 2018-MINN A                                                     | CUSIP: 46650GAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $481376.15    | 0.05%             | 2035-11-15      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                                                          | FREMOR 9.25 02/01/29 144A                                             | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     62000 | PA      | $64794.98     | 0.01%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                                                        | WYNMAC 5.125 12/15/29 144A                                            | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $197987.70    | 0.02%             | 2029-12-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN MRT TR 2021-INV5                                                                             | JPMMT 2021-INV5 A3                                                    | CUSIP: 46653XAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1439724 | PA      | $1331806.84   | 0.13%             | 2051-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                                                          | FREMOR 6.875 05/01/31 144A                                            | CUSIP: 35641AAE8<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14012.16     | 0.00%             | 2031-05-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                               | JANEST 6.125 11/01/32 144A                                            | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |     57000 | PA      | $58005.82     | 0.01%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: —       |
| Brundage-Bone Concrete Pumping Holdings Inc.                                                           | BBCP 7.5 02/01/32 144A                                                | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     59000 | PA      | $60227.02     | 0.01%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Xhr LP                                                                                                 | XHR 4.875 06/01/29 144A                                               | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11830.61     | 0.00%             | 2029-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Magnera Corp.                                                                                          | MAGN 7.25 11/15/31 144A                                               | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53991.30     | 0.01%             | 2031-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| OBX TRUST 2021-J3                                                                                      | OBX 2021-J3 A4                                                        | CUSIP: 67448XAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1362579 | PA      | $1227830.82   | 0.12%             | 2051-10-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST 2025-ARIA                                                                                     | BX 2025-ARIA C                                                        | CUSIP: 05619TAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    925000 | PA      | $932163.66    | 0.09%             | 2042-12-15      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Xhr LP                                                                                                 | XHR 6.625 05/15/30 144A                                               | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27908.36     | 0.00%             | 2030-05-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                             | OXY 7.95 06/15/39                                                     | CUSIP: 674599DH5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1046000 | PA      | $1230094.95   | 0.12%             | 2039-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                                  | Bank of America Corp. COM USD0.01                                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    223067 | NS      | $12268685.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ohio Power Company                                                                                     | AEP 2.9 10/01/51 R                                                    | CUSIP: 677415CU3<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $701880.31    | 0.07%             | 2051-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Biomarin Pharmaceutical Inc.                                                                           | Biomarin Pharmaceutical Inc. COM USD0.001                             | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     58478 | NS      | $3475347.54   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                                                                                | XPO 7.125 02/01/32                                                    | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |     73000 | PA      | $76758.41     | 0.01%             | 2032-02-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                          | OMF 4 09/15/30                                                        | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     18000 | PA      | $16872.98     | 0.00%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Calpine Corporation                                                                                    | CPN 5 02/01/31 144A                                                   | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    634000 | PA      | $643941.75    | 0.06%             | 2031-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                          | OMF 3.875 09/15/28                                                    | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24362.61     | 0.00%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HCA Healthcare Inc                                                                                     | HCA Healthcare Inc COM USD0.01                                        | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     15621 | NS      | $7292820.06   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corporation                                                                         | ZBRA 6.5 06/01/32 144A                                                | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |     11000 | PA      | $11373.58     | 0.00%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                          | OMF 6.625 05/15/29                                                    | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20712.08     | 0.00%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| VEGAS TR 2024-TI                                                                                       | VEGAS 2024-TI A                                                       | CUSIP: 92254AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1368438.03   | 0.14%             | 2039-11-14      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                          | OMF 7.125 03/15/26                                                    | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15113.63     | 0.00%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                                | VENLNG 8.125 06/01/28 144A                                            | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    111000 | PA      | $112432.30    | 0.01%             | 2028-06-01      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                                | VENLNG 7 01/15/30 144A                                                | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33685.03     | 0.00%             | 2030-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                                | VENLNG V9 PERP 144a                                                   | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     58000 | PA      | $45804.38     | 0.00%             | N/A             | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                            | VZ 2.987 10/30/56                                                     | CUSIP: 92343VFW9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1103000 | PA      | $659345.94    | 0.07%             | 2056-10-30      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Vermilion Energy Inc.                                                                                  | VETCN 6.875 05/01/30 144A                                             | CUSIP: 923725AD7<br>LEI: WT03B8BB1IX8WI9ZGV02 | Long             | DBT              | RF                | CA        |     40000 | PA      | $39554.81     | 0.00%             | 2030-05-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Versant Media Group Inc.                                                                               | VSNT 7.25 01/30/31 144A                                               | CUSIP: 925283AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51584.47     | 0.01%             | 2031-01-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Videotron LTD/ Videotron LTEE                                                                          | QBRCN 3.625 06/15/29 144A                                             | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |   1634000 | PA      | $1590126.92   | 0.16%             | 2029-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| AMC Networks Inc                                                                                       | AMCX 10.25 01/15/29 144A                                              | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |     31000 | PA      | $32510.48     | 0.00%             | 2029-01-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| AB BSL CLO 2 LTD                                                                                       | ABBSL 2021-2A B1                                                      | CUSIP: 00037LAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001041.00   | 0.10%             | 2034-04-17      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| ACCO Brands Corporation                                                                                | ACCO 4.25 03/15/29 144A                                               | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |     44000 | PA      | $40794.42     | 0.00%             | 2029-03-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| AAR Corp.                                                                                              | AIR 6.75 03/15/29 144A                                                | CUSIP: 00253PAA6<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | DBT              | CORP              | US        |     32000 | PA      | $33112.19     | 0.00%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Acadia Healthcare Company, Inc.                                                                        | ACHC 5.5 07/01/28 144A                                                | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     28000 | PA      | $27828.81     | 0.00%             | 2028-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Acadia Healthcare Company, Inc.                                                                        | ACHC 5 04/15/29 144A                                                  | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21189.28     | 0.00%             | 2029-04-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Acadia Healthcare Company, Inc.                                                                        | ACHC 7.375 03/15/33 144A                                              | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35349.79     | 0.00%             | 2033-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Adapthealth Llc                                                                                        | ADAHEA 4.625 08/01/29 144A                                            | CUSIP: 00653VAC5<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |     28000 | PA      | $27144.46     | 0.00%             | 2029-08-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Adapthealth Llc                                                                                        | ADAHEA 5.125 03/01/30 144A                                            | CUSIP: 00653VAE1<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |     26000 | PA      | $25360.76     | 0.00%             | 2030-03-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                                                                      | Exxon Mobil Corp. COM NPV                                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    104592 | NS      | $12586601.28  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                                                                      | Johnson & Johnson COM USD1.00                                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     73072 | NS      | $15122250.40  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated                                                                        | Jones Lang LaSalle Incorporated COM USD0.01                           | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     30037 | NS      | $10106549.39  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.                                                                        | SS&C Technologies Holdings Inc. COM USD0.01                           | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     99553 | NS      | $8702923.26   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation                                                                         | The Charles Schwab Corporation COM USD0.01                            | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    134356 | NS      | $13423507.96  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| 7-Eleven Inc.                                                                                          | SVELEV 1.8 02/10/31 144A                                              | CUSIP: 817826AE0<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1573338.95   | 0.16%             | 2031-02-10      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| Workday Inc                                                                                            | Workday Inc COM USD0.001 CL A                                         | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     33552 | NS      | $7206298.56   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| John Deere Capital Corp.                                                                               | DE 5.1 04/11/34 MTN                                                   | CUSIP: 24422EXP9<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   1004000 | PA      | $1039970.10   | 0.10%             | 2034-04-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                                                                        | HD 5.95 04/01/41                                                      | CUSIP: 437076AV4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    605000 | PA      | $649290.13    | 0.06%             | 2041-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust 2014-C25                                                    | JPMBB 2014-C25 AS                                                     | CUSIP: 46643PBJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    665000 | PA      | $645096.55    | 0.06%             | 2047-11-18      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                                               | JPMMT 2017-1 B2                                                       | CUSIP: 46648CAX2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    542035 | PA      | $496530.09    | 0.05%             | 2047-01-25      | Variable      | 3.55%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                                               | JPMMT 2018-8 B3                                                       | CUSIP: 46650MBH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1177282 | PA      | $1091514.55   | 0.11%             | 2049-01-25      | Variable      | 4.04%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2024-3                                                                      | JPMMT 2024-3 A6                                                       | CUSIP: 46657QAP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1126722 | PA      | $1060135.02   | 0.11%             | 2054-05-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Ziff Davis Inc                                                                                         | ZD 4.625 10/15/30 144A                                                | CUSIP: 48123VAF9<br>LEI: 5493008OJYGLHD7MXA18 | Long             | DBT              | CORP              | US        |     57000 | PA      | $54136.34     | 0.01%             | 2030-10-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| RLJ Lodging Trust LP                                                                                   | RLJ 3.75 07/01/26 144A                                                | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64646.73     | 0.01%             | 2026-07-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Rocket Companies Inc                                                                                   | RKT 6.5 08/01/29 144A                                                 | CUSIP: 77311WAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $21659.14     | 0.00%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Rocket Companies Inc                                                                                   | RKT 7.125 02/01/32 144A                                               | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $57859.93     | 0.01%             | 2032-02-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                                             | RCICN 5.3 02/15/34                                                    | CUSIP: 775109DF5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1357000 | PA      | $1369941.46   | 0.14%             | 2034-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Roller Bearing Company of America Inc.                                                                 | RBC 4.375 10/15/29 144A                                               | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |     59000 | PA      | $58063.47     | 0.01%             | 2029-10-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                                   | RY V4.969 08/02/30 GMTN                                               | CUSIP: 78016HZZ6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1105000 | PA      | $1132585.92   | 0.11%             | 2030-08-02      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                                         | .SEMT2 2018-CH3 B1B                                                   | CUSIP: 81746WCE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    767812 | PA      | $749285.57    | 0.07%             | 2048-08-25      | Variable      | 4.71%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                                         | SEMT 2018-CH3 B2B                                                     | CUSIP: 81746WCG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    696630 | PA      | $679820.54    | 0.07%             | 2048-08-25      | Variable      | 4.71%                 | Yes           |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2025-S1                                                                         | SEMT 2025-S1 A4                                                       | CUSIP: 81749TAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1352197 | PA      | $1205391.69   | 0.12%             | 2054-10-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                                | UNH 3.5 08/15/39                                                      | CUSIP: 91324PDT6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1062000 | PA      | $886773.76    | 0.09%             | 2039-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Airbnb Inc                                                                                             | Airbnb Inc COM CL A                                                   | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     76270 | NS      | $10351364.40  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd.                                                                                           | VAL 8.375 04/30/30 144A                                               | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     77000 | PA      | $80108.72     | 0.01%             | 2030-04-30      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Becton, Dickinson and Company                                                                          | Becton, Dickinson and Company COM USD1.00                             | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     54072 | NS      | $10493753.04  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Zegona Finance PLC                                                                                     | ZEGLN 8.625 07/15/29 144A                                             | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $212136.40    | 0.02%             | 2029-07-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| CTR Partnership LP/ Caretrust Cap Corp                                                                 | CTREV 3.875 06/30/28 144A                                             | CUSIP: 126458AE8<br>LEI: 254900L7G64R08G6RJ22 | Long             | DBT              | CORP              | US        |     34000 | PA      | $33473.45     | 0.00%             | 2028-06-30      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources Inc                                                                                  | CIVI 8.375 07/01/28 144A                                              | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     47000 | PA      | $48426.12     | 0.00%             | 2028-07-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Diageo PLC                                                                                             | Diageo PLC ADR REPR 4 ORD GBX28.935185                                | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     29897 | NS      | $2579214.19   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                                                                      | MCAIRH 6.4 03/26/29 144A                                              | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   1211000 | PA      | $1269882.16   | 0.13%             | 2029-03-26      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                                            | UPS 5.95 05/14/55                                                     | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   1104000 | PA      | $1144580.85   | 0.11%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                                            | ABBV 4.45 05/14/46                                                    | CUSIP: 00287YAW9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    832000 | PA      | $725042.45    | 0.07%             | 2046-05-14      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| United Rentals (North America), Inc.                                                                   | URI 5.375 11/15/33 144A                                               | CUSIP: 911365BS2<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13989.38     | 0.00%             | 2033-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Berkshire Hathaway Inc.                                                                                | Berkshire Hathaway Inc. COM USD0.0033 CLASS'B'                        | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     20496 | NS      | $10302314.40  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                                                                          | Alphabet Inc. CAP USD0.001 CL C                                       | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    185118 | NS      | $58090028.40  | 5.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                                                                          | Medtronic PLC USD0.0001                                               | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    133703 | NS      | $12843510.18  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Goat Holdco LLC                                                                                        | B 6.75 02/01/32 144A                                                  | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     41000 | PA      | $42024.21     | 0.00%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Stanley Black & Decker, Inc.                                                                           | Stanley Black & Decker, Inc. COM USD2.50                              | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     56962 | NS      | $4231137.36   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                              | GS V3.691 06/05/28                                                    | CUSIP: 38141GWL4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    674000 | PA      | $670472.45    | 0.07%             | 2028-06-05      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                                                                        | Starbucks Corp. COM USD0.001                                          | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     44414 | NS      | $3740102.94   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                                                               | T 4.5 05/15/35                                                        | CUSIP: 00206RCP5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    535000 | PA      | $514864.02    | 0.05%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                              | GS V2.615 04/22/32                                                    | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1213000 | PA      | $1107054.40   | 0.11%             | 2032-04-22      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| GCAT 2022-INV2 TRUST                                                                                   | GCAT 2022-INV2 A9                                                     | CUSIP: 36168FAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1291929 | PA      | $1220454.30   | 0.12%             | 2052-04-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| AT&T Inc                                                                                               | T 3.8 12/01/57                                                        | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1327000 | PA      | $916341.99    | 0.09%             | 2057-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. The                                                                         | GT 5.625 04/30/33                                                     | CUSIP: 382550BK6<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28415.94     | 0.00%             | 2033-04-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GCAT 2022-NQM2 TRUST                                                                                   | GCAT 2022-NQM2 A1                                                     | CUSIP: 36169KAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1203505 | PA      | $1199571.18   | 0.12%             | 2067-02-25      | Variable      | 4.20%                 | Yes           |                  2 | On Loan: No      |
| Asurion LLC / Asurion Co-Issuer Inc.                                                                   | ASUCOR 8 12/31/32 144A                                                | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |     52000 | PA      | $53949.81     | 0.01%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                                   | JPM V3.509 01/23/29                                                   | CUSIP: 46647PAM8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990724.91    | 0.10%             | 2029-01-23      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corporation                                                                       | GWCN 6.5 01/15/31 144A                                                | CUSIP: 36485MAQ2<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |      6000 | PA      | $6139.72      | 0.00%             | 2031-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC/Avis Budget Finance Inc.                                                    | CAR 8 02/15/31 144A                                                   | CUSIP: 053773BH9<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27748.24     | 0.00%             | 2031-02-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                                   | JPM V2.956 05/13/31                                                   | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1276000 | PA      | $1204728.46   | 0.12%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                                   | GM 3.1 01/12/32                                                       | CUSIP: 37045XDS2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2018000 | PA      | $1841898.60   | 0.18%             | 2032-01-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC/Avis Budget Finance Inc.                                                    | CAR 8.25 01/15/30 144A                                                | CUSIP: 053773BJ5<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20697.90     | 0.00%             | 2030-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                                   | JPM V4.946 10/22/35                                                   | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    816000 | PA      | $825839.78    | 0.08%             | 2035-10-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Genesis Energy LP & Genesis Energy Finance Corp.                                                       | GEL 8.875 04/15/30                                                    | CUSIP: 37185LAN2<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |     41000 | PA      | $43092.48     | 0.00%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BMW US Capital, LLC                                                                                    | BMW 4.5 08/11/30 144A                                                 | CUSIP: 05565EDC6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1176754.18   | 0.12%             | 2030-08-11      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Kinetik Holdings LP                                                                                    | KNTK 5.875 06/15/30 144A                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51450.43     | 0.01%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Genesis Energy LP & Genesis Energy Finance Corp.                                                       | GEL 8.25 01/15/29                                                     | CUSIP: 37185LAP7<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26098.53     | 0.00%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BNSF Funding Trust I                                                                                   | BNSF V6.613 12/15/55                                                  | CUSIP: 05567SAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     58000 | PA      | $58027.90     | 0.01%             | 2055-12-15      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| The Kroger Co.                                                                                         | KR 5 04/15/42                                                         | CUSIP: 501044CR0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    635000 | PA      | $593455.79    | 0.06%             | 2042-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Genesis Energy LP & Genesis Energy Finance Corp.                                                       | GEL 7.875 05/15/32                                                    | CUSIP: 37185LAQ5<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |     26000 | PA      | $27100.03     | 0.00%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BMO 2025-5C10 MORTGAGE TRUST                                                                           | BMO 2025-5C10 B                                                       | CUSIP: 05615BAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    780000 | PA      | $813880.86    | 0.08%             | 2058-05-17      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| LGI Homes Inc                                                                                          | LGIH 7 11/15/32 144A                                                  | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38234.88     | 0.00%             | 2032-11-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Genmab AS And Genmab Finance LLC                                                                       | GMABDC 7.25 12/15/33 144A                                             | CUSIP: 37230JAB8<br>LEI: 529900MTJPDPE4MHJ122 | Long             | DBT              | CORP              | DK        |     85000 | PA      | $89563.65     | 0.01%             | 2033-12-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BANK 2022-BNK39                                                                                        | BANK 2022-BNK39 A4                                                    | CUSIP: 06539VAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $1049516.68   | 0.10%             | 2055-02-18      | Variable      | 2.93%                 | No            |                  2 | On Loan: No      |
| Light & Wonder International Inc.                                                                      | LNW 6.25 10/01/33 144A                                                | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     76000 | PA      | $76918.08     | 0.01%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Georgia Power Company                                                                                  | SO 5.95 02/01/39                                                      | CUSIP: 373334JN2<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    700000 | PA      | $744278.66    | 0.07%             | 2039-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Bank 2019-Bnk21                                                                                        | BANK 2019-BN21 XA                                                     | CUSIP: 06540BBE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  28899417 | PA      | $711148.18    | 0.07%             | 2052-10-18      | Variable      | 0.83%                 | No            |                  2 | On Loan: No      |
| Lithia Motors Incorporated                                                                             | LAD 5.5 10/01/30 144A                                                 | CUSIP: 536797AJ2<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51202.53     | 0.01%             | 2030-10-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| HCA Inc.                                                                                               | HCA 5.5 03/01/32                                                      | CUSIP: 404119DA4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1234000 | PA      | $1287815.60   | 0.13%             | 2032-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BlueLinx Holdings Inc.                                                                                 | BXC 6 11/15/29 144A                                                   | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58789.82     | 0.01%             | 2029-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Velocity Vehicle Group LLC                                                                             | VLCYVG 8 06/01/29 144A                                                | CUSIP: 92262TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     48000 | PA      | $45602.17     | 0.00%             | 2029-06-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                                               | JPMMT 2020-5 B1                                                       | CUSIP: 46653JBU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1019417 | PA      | $905992.86    | 0.09%             | 2050-12-25      | Variable      | 3.57%                 | Yes           |                  2 | On Loan: No      |
| CQP Holdco LP & Bip-V Chinook Holdco LLC                                                               | BLKCQP 5.5 06/15/31                                                   | CUSIP: 12657NAA8<br>LEI: 549300LPL012JY5D4B69 | Long             | DBT              | CORP              | US        |    251000 | PA      | $248318.97    | 0.02%             | 2031-06-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                            | VZ 5.875 11/30/55                                                     | CUSIP: 92343VHJ6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    650000 | PA      | $644064.06    | 0.06%             | 2055-11-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                                | LVLT 7 03/31/34 144A                                                  | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     49000 | PA      | $50498.03     | 0.01%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Deutsche Bank Securities Inc.                                                                          | COMM 2018-HOME A                                                      | CUSIP: 20048JAA8<br>LEI: 9J6MBOOO7BECTDTUZW19 | Long             | ABS-O            | CORP              | US        |   1220000 | PA      | $1201611.67   | 0.12%             | 2033-04-12      | Variable      | 3.94%                 | Yes           |                  2 | On Loan: No      |
| Gen Digital Inc                                                                                        | GEN 6.75 09/30/27 144A                                                | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     47000 | PA      | $47698.66     | 0.00%             | 2027-09-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CommonSpirit Health                                                                                    | CATMED 4.187 10/01/49                                                 | CUSIP: 20268JAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    857000 | PA      | $674696.97    | 0.07%             | 2049-10-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| Open Text Corp                                                                                         | OTEXCN 3.875 02/15/28 144A                                            | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |     38000 | PA      | $37289.57     | 0.00%             | 2028-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Consensus Cloud Solutions Inc                                                                          | CCSI 6.5 10/15/28 144A                                                | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $105409.19    | 0.01%             | 2028-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Open Text Corp                                                                                         | OTEXCN 3.875 12/01/29 144A                                            | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |     37000 | PA      | $35112.93     | 0.00%             | 2029-12-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST                                                                           | DRIVE 2025-2 D                                                        | CUSIP: 262103AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $850295.38    | 0.08%             | 2032-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                           | ORCL 5.95 09/26/55                                                    | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    778000 | PA      | $692234.70    | 0.07%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                                               | DUK 4.15 12/01/44                                                     | CUSIP: 26442RAD3<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1286000 | PA      | $1074435.11   | 0.11%             | 2044-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Option Care Health Inc                                                                                 | OPCH 4.375 10/31/29 144A                                              | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29310.91     | 0.00%             | 2029-10-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Electricite de France SA                                                                               | EDF 4.875 09/21/38 144A                                               | CUSIP: 268317AV6<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    514000 | PA      | $480639.27    | 0.05%             | 2038-09-21      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Owens Brockway Glass Container Inc.                                                                    | OI 7.25 05/15/31 144A                                                 | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51039.55     | 0.01%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ELARA HGV TIMESHARE ISSUER LLC                                                                         | EHGVT 2019-A B                                                        | CUSIP: 28416TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99381 | PA      | $98824.08     | 0.01%             | 2034-01-25      | Fixed         | 2.91%                 | Yes           |                  2 | On Loan: No      |
| Owens Brockway Glass Container Inc.                                                                    | OI 7.375 06/01/32 144A                                                | CUSIP: 69073TAV5<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25372.00     | 0.00%             | 2032-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: —       |
| Element Fleet Management Corp                                                                          | EFNCN 5.037 03/25/30 144A                                             | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   1254000 | PA      | $1282845.45   | 0.13%             | 2030-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer Inc                   | PK 4.875 05/15/29 144A                                                | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |     41000 | PA      | $40036.11     | 0.00%             | 2029-05-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer Inc                   | PK 7 02/01/30 144A                                                    | CUSIP: 70052LAD5<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21556.02     | 0.00%             | 2030-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                        | PFSI 4.25 02/15/29 144A                                               | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     31000 | PA      | $30319.02     | 0.00%             | 2029-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                        | PFSI 5.75 09/15/31 144A                                               | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17070.35     | 0.00%             | 2031-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                        | PFSI 7.875 12/15/29 144A                                              | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21280.95     | 0.00%             | 2029-12-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                        | PFSI 7.125 11/15/30 144A                                              | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     21000 | PA      | $22075.35     | 0.00%             | 2030-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                                                         | PENSKE 5.35 01/12/27 144A                                             | CUSIP: 709599BY9<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |    685000 | PA      | $692861.74    | 0.07%             | 2027-01-12      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                                                                          | SMYREA 8.875 11/15/31 144A                                            | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |     35000 | PA      | $37437.15     | 0.00%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| South Jersey Industries Inc                                                                            | SJI 5.02 04/15/31                                                     | CUSIP: 838518AA6<br>LEI: 549300DJYWYT5VXLFA46 | Long             | DBT              | CORP              | US        |    104000 | PA      | $90183.05     | 0.01%             | 2031-04-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: —       |
| B.A.T. Capital Corporation                                                                             | BATSLN 2.259 03/25/28                                                 | CUSIP: 05526DBR5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1101000 | PA      | $1059726.04   | 0.11%             | 2028-03-25      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                                  | BAC V3.705 04/24/28                                                   | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    815000 | PA      | $811387.11    | 0.08%             | 2028-04-24      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                                  | BAC V2.687 04/22/32                                                   | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    802000 | PA      | $736699.75    | 0.07%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp                                                                                   | Las Vegas Sands Corp COM USD0.001                                     | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     81521 | NS      | $5306201.89   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Mc Brazil Downstream Trading Sarl                                                                      | MCBRAC 7.25 06/30/31 144A                                             | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    562731 | PA      | $493492.99    | 0.05%             | 2031-06-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Magic MergeCo Inc                                                                                      | MIK 5.25 05/01/28 144A                                                | CUSIP: 55916AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $211498.70    | 0.02%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Match Group Holdings II LLC                                                                            | MTCHII 4.625 06/01/28 144A                                            | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20814.11     | 0.00%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Mattel, Inc.                                                                                           | MAT 5.45 11/01/41                                                     | CUSIP: 577081AW2<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    975000 | PA      | $919127.35    | 0.09%             | 2041-11-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                                                 | BWY 7.875 04/15/30 144A                                               | CUSIP: 57763RAE7<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |     57000 | PA      | $56829.57     | 0.01%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance 2018-Mtg1                                                            | MELLO 2021-MTG3 A9                                                    | CUSIP: 58549RAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1143550 | PA      | $1040118.42   | 0.10%             | 2051-07-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Meritage Homes Corp                                                                                    | MTH 3.875 04/15/29 144A                                               | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   1456000 | PA      | $1430979.21   | 0.14%             | 2029-04-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Microsoft Corp.                                                                                        | MSFT 2.525 06/01/50                                                   | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   1742000 | PA      | $1069149.68   | 0.11%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                                                                 | MU 2.703 04/15/32                                                     | CUSIP: 595112BS1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    671000 | PA      | $602686.24    | 0.06%             | 2032-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Midas Opco Holdings LLC                                                                                | STGW 5.625 08/15/29 144A                                              | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     52000 | PA      | $50714.44     | 0.01%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Midwest Connector Capital Company LLC                                                                  | MWXCAP 4.625 04/01/29 144A                                            | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1161000 | PA      | $1163199.31   | 0.12%             | 2029-04-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| NCR Voyix Corporation                                                                                  | VYX 5.125 04/15/29 144A                                               | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5959.47      | 0.00%             | 2029-04-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                                                                   | NCLH 6.75 02/01/32 144A                                               | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     29000 | PA      | $29693.75     | 0.00%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Navient Corporation                                                                                    | NAVI 5 03/15/27                                                       | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     34000 | PA      | $34064.29     | 0.00%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Navient Corporation                                                                                    | NAVI 4.875 03/15/28                                                   | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13843.29     | 0.00%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| NEIGHBORLY ISSUER LLC                                                                                  | NBLY 2021-1A A2                                                       | CUSIP: 64016NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    811750 | PA      | $779189.90    | 0.08%             | 2051-04-30      | Fixed         | 3.58%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Trust 2016-1                                                                  | NRZT 2016-1A A1                                                       | CUSIP: 64829FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1550590 | PA      | $1500609.72   | 0.15%             | 2056-03-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| New York Life Global Funding                                                                           | NYLIFE 4.55 01/28/33 144A                                             | CUSIP: 64952WEZ2<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    948000 | PA      | $946699.90    | 0.09%             | 2033-01-28      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                                     | NWL 6.375 09/15/27                                                    | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37145.52     | 0.00%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                                     | NWL 6.625 05/15/32                                                    | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20373.39     | 0.00%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Noble Finance II LLC.                                                                                  | NEFINA 8 04/15/30 144A                                                | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7000 | PA      | $7272.59      | 0.00%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                                  | QUIKHO 6.375 03/01/32 144A                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41635.96     | 0.00%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| Rockies Express Pipeline LLC                                                                           | ROCKIE 7.5 07/15/38 144A                                              | CUSIP: 77340RAD9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     21000 | PA      | $22849.47     | 0.00%             | 2038-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                                           | ROCKIE 4.8 05/15/30 144A                                              | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6884.10      | 0.00%             | 2030-05-15      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                                              | SGCMS 2019-787E A                                                     | CUSIP: 78426RAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    825000 | PA      | $802787.95    | 0.08%             | 2041-02-15      | Fixed         | 4.16%                 | Yes           |                  2 | On Loan: No      |
| The Sherwin-Williams Company                                                                           | SHW 4.5 06/01/47                                                      | CUSIP: 824348AX4<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    846000 | PA      | $723896.36    | 0.07%             | 2047-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments Llc / Shift4 Payments Finance Subordinated Incorporated                                | FOUR 6.75 08/15/32 144A                                               | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27875.83     | 0.00%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Simmons Foods Inc / Simmons Prepared Foods Inc / Simmons Pet Food Inc / Simmons Feed (Ingredients Inc) | SIMFOO 4.625 03/01/29 144A                                            | CUSIP: 82873MAA1<br>LEI: 5493002Z1TVWRIL6NM97 | Long             | DBT              | CORP              | US        |     84000 | PA      | $80951.28     | 0.01%             | 2029-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                                                                        | SBGI 8.125 02/15/33 144A                                              | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12533.16     | 0.00%             | 2033-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Sirius Xm Radio Inc                                                                                    | SIRI 4 07/15/28 144A                                                  | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     88000 | PA      | $86033.24     | 0.01%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Speedway Motorsports LLC / Speedway Funding II Inc                                                     | TRK 4.875 11/01/27 144A                                               | CUSIP: 84779MAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    106000 | PA      | $105517.03    | 0.01%             | 2027-11-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Standard Building Solutions Inc.                                                                       | BMCAUS 6.5 08/15/32 144A                                              | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10294.68     | 0.00%             | 2032-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Standard Building Solutions Inc.                                                                       | BMCAUS 3.375 01/15/31 144A                                            | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     28000 | PA      | $25671.83     | 0.00%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: —       |
| Stanley Black & Decker, Inc.                                                                           | SWK V6.707 03/15/60                                                   | CUSIP: 854502AM3<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |     84000 | PA      | $84133.98     | 0.01%             | 2060-03-15      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                                                                        | SBUX 3.35 03/12/50                                                    | CUSIP: 855244AX7<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    650000 | PA      | $445157.81    | 0.04%             | 2050-03-12      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                                                                  | Uber Technologies Inc COM USD0.00001                                  | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     61564 | NS      | $5030394.44   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Mexico (United Mexican States)                                                                         | MEX 3.771 05/24/61                                                    | CUSIP: 91087BAN0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1034000 | PA      | $636427.00    | 0.06%             | 2061-05-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                                | UnitedHealth Group Inc. COM USD0.01                                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     24467 | NS      | $8076801.37   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                                                               | Visa Inc COM STK USD0.0001                                            | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     50702 | NS      | $17781698.42  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT Security Corp.                                                                                     | ADT 5.875 10/15/33 144A                                               | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101239.35    | 0.01%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Agate Bay Mortgage Trust 2013-1                                                                        | ABMT 2013-1 B3                                                        | CUSIP: 008414AF1<br>LEI: 549300FEDPP088KAOR45 | Long             | ABS-O            | CORP              | US        |     36883 | PA      | $36090.74     | 0.00%             | 2043-07-25      | Variable      | 3.56%                 | Yes           |                  2 | On Loan: No      |
| Agate Bay Mortgage Trust 2015-7                                                                        | ABMT 2015-4 B2                                                        | CUSIP: 00842ACC1<br>LEI: 549300LK2ZDVY7I44B84 | Long             | ABS-O            | CORP              | US        |    106276 | PA      | $104411.00    | 0.01%             | 2045-06-25      | Variable      | 3.47%                 | Yes           |                  2 | On Loan: No      |
| Agate Bay Mortgage Trust 2015-7                                                                        | ABMT 2015-7 B1                                                        | CUSIP: 00842CAS4<br>LEI: 549300LK2ZDVY7I44B84 | Long             | ABS-O            | CORP              | US        |    294077 | PA      | $283037.85    | 0.03%             | 2045-10-25      | Variable      | 3.63%                 | Yes           |                  2 | On Loan: No      |
| Aircastle Ltd. / Aircastle Ireland DAC                                                                 | AYR 5 09/15/30 144A                                                   | CUSIP: 00929JAC0<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    764000 | PA      | $771720.99    | 0.08%             | 2030-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Aker BP ASA                                                                                            | AKERBP 5.125 10/01/34 144A                                            | CUSIP: 00973RAN3<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |   1236000 | PA      | $1211365.49   | 0.12%             | 2034-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Alcon Finance Corp                                                                                     | ALCSW 3.8 09/23/49 144A                                               | CUSIP: 01400EAC7<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    917000 | PA      | $702049.84    | 0.07%             | 2049-09-23      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corporation                                                                | AQNCN V4.75 01/18/82                                                  | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |     91000 | PA      | $89741.26     | 0.01%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc                                       | ALIANT 7 01/15/31 144A                                                | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     43000 | PA      | $44611.44     | 0.00%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / Allied Universal Finance Corporation                                     | UNSEAM 7.875 02/15/31 144A                                            | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |     42000 | PA      | $44262.91     | 0.00%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| The Allstate Corporation                                                                               | ALL V0 08/15/53 B                                                     | CUSIP: 020002BB6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135028.08    | 0.01%             | 2053-08-15      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| First Maryland Capital I                                                                               | MTB F 01/15/27                                                        | CUSIP: 320808AD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    812000 | PA      | $804093.78    | 0.08%             | 2027-01-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Firstcash Inc                                                                                          | FCFS 4.625 09/01/28 144A                                              | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |     26000 | PA      | $25834.12     | 0.00%             | 2028-09-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| NVIDIA Corp.                                                                                           | NVIDIA Corp. COM USD0.001                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    208841 | NS      | $38948846.50  | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                                                           | Oracle Corp. COM USD0.01                                              | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     83434 | NS      | $16262120.94  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                                                                       | Philip Morris International Inc. COM NPV                              | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    101858 | NS      | $16338023.20  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| TAL ADVANTAGE VII LLC                                                                                  | TAL 2020-1A A                                                         | CUSIP: 87407RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    217644 | PA      | $208398.31    | 0.02%             | 2045-09-20      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                                                        | TMHC 5.125 08/01/30 144A                                              | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35214.76     | 0.00%             | 2030-08-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                                                        | TMHC 5.75 11/15/32 144A                                               | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10288.82     | 0.00%             | 2032-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Teachers Insurance and Annuity Association of America                                                  | TIAAGL 3.3 05/15/50 144A                                              | CUSIP: 878091BG1<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |   1986000 | PA      | $1366770.44   | 0.14%             | 2050-05-15      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| Tegna Inc                                                                                              | TGNA 4.625 03/15/28                                                   | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |     27000 | PA      | $26725.14     | 0.00%             | 2028-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                           | THC 6.125 10/01/28                                                    | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115519.92    | 0.01%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                           | THC 6 11/15/33 144A                                                   | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     36000 | PA      | $37065.46     | 0.00%             | 2033-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Texas Instruments Inc.                                                                                 | TXN 5.1 05/23/35                                                      | CUSIP: 882508CM4<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    864000 | PA      | $890559.38    | 0.09%             | 2035-05-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Ltd                                                                        | TMCL 2021-3A A                                                        | CUSIP: 88315LAS7<br>LEI: 549300Q7RHLEMSLA9Y26 | Long             | ABS-O            | CORP              | BM        |    990000 | PA      | $888056.63    | 0.09%             | 2046-08-20      | Fixed         | 1.94%                 | Yes           |                  2 | On Loan: No      |
| Textron Financial Corporation                                                                          | TXT V0 02/15/42 144A                                                  | CUSIP: 883199AR2<br>LEI: 4E8B2CNXPE5P5AY03O18 | Long             | DBT              | CORP              | US        |   2228000 | PA      | $2007795.75   | 0.20%             | 2042-02-15      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Ubs Commercial Mortgage Trust 2017 C1                                                                  | UBSCM 2017-C1 AS                                                      | CUSIP: 90276EAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    435000 | PA      | $426822.83    | 0.04%             | 2050-06-17      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Amentum Escrow Corp.                                                                                   | AMNTEC 7.25 08/01/32 144A                                             | CUSIP: 02352BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12000 | PA      | $12648.35     | 0.00%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                                                 | UAL 4.625 04/15/29 144A                                               | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   1347000 | PA      | $1341034.95   | 0.13%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Amcor Flexibles North America Inc                                                                      | AMCR 2.63 06/19/30                                                    | CUSIP: 081437AT2<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   1251000 | PA      | $1161111.98   | 0.12%             | 2030-06-19      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | TII 2.375 02/15/55                                                    | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13801261 | PA      | $13122351.95  | 1.31%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp                                                                            | GSMS 2017-FARM B                                                      | CUSIP: 36254XAE4<br>LEI: CU46ESEFJB81SUVBJO28 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $623602.07    | 0.06%             | 2043-01-12      | Variable      | 3.66%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2020-Pj2                                                           | GSMBS 2018-RPL1 A1B                                                   | CUSIP: 36256BAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1646000 | PA      | $1571937.08   | 0.16%             | 2057-10-25      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Magnera Corp.                                                                                          | MAGN 4.75 11/15/29 144A                                               | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |     23000 | PA      | $21257.63     | 0.00%             | 2029-11-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: —       |
| HONO MORTGAGE TRUST 2021-LULU                                                                          | HONO 2021-LULU B                                                      | CUSIP: 40390MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $985099.30    | 0.10%             | 2036-12-15      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain Inc.                                                                                     | IRM 4.5 02/15/31 144A                                                 | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     53000 | PA      | $50535.30     | 0.01%             | 2031-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                                  | LOW 4.5 04/15/30                                                      | CUSIP: 548661DU8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $1023564.73   | 0.10%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XLIX Ltd.                                                                         | MDPK 2021-49A B1R                                                     | CUSIP: 55820VAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1176000 | PA      | $1171100.78   | 0.12%             | 2034-10-19      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp                                     | MGY 6.875 12/01/32 144A                                               | CUSIP: 559665AB0<br>LEI: 984500CG376B0B99F016 | Long             | DBT              | CORP              | US        |     57000 | PA      | $58601.70     | 0.01%             | 2032-12-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| The Manitowoc Company, Inc.                                                                            | MTW 9.25 10/01/31 144A                                                | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |     40000 | PA      | $43064.06     | 0.00%             | 2031-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                                       | MMC 5.35 11/15/44                                                     | CUSIP: 571748CE0<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    878000 | PA      | $862001.26    | 0.09%             | 2044-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                                                                 | MRVL 2.95 04/15/31                                                    | CUSIP: 573874AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1289000 | PA      | $1195156.58   | 0.12%             | 2031-04-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                                                                                | MA 2 11/18/31                                                         | CUSIP: 57636QAU8<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1114922.39   | 0.11%             | 2031-11-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Loan Trust 2018-2                                                                   | MCMLT 2018-3 M3                                                       | CUSIP: 59980XAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    573777 | PA      | $520972.51    | 0.05%             | 2058-08-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Mill City Mortgage Loan Trust 2018-2                                                                   | MCMLT 2019-1 M1                                                       | CUSIP: 59981AAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1397426 | PA      | $1336843.63   | 0.13%             | 2069-10-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                                                                                | MOH 6.25 01/15/33 144A                                                | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14272.51     | 0.00%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                                                                                | MOH 6.5 02/15/31 144A                                                 | CUSIP: 60855RAN0<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18486.54     | 0.00%             | 2031-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| Moog Inc.                                                                                              | MOGA 4.25 12/15/27 144A                                               | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |     57000 | PA      | $56454.13     | 0.01%             | 2027-12-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                                         | MS V2.484 09/16/36                                                    | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    978000 | PA      | $861034.55    | 0.09%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                         | MS 3.95 04/23/27                                                      | CUSIP: 61761JZN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1086000 | PA      | $1085342.79   | 0.11%             | 2027-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Terex Corporation                                                                                      | TEX 5 05/15/29 144A                                                   | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13952.39     | 0.00%             | 2029-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Terex Corporation                                                                                      | TEX 6.25 10/15/32 144A                                                | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |     54000 | PA      | $55401.19     | 0.01%             | 2032-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                                                                           | TMO 5.404 08/10/43                                                    | CUSIP: 883556CY6<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    832000 | PA      | $839553.64    | 0.08%             | 2043-08-10      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                                           | BACR V2.894 11/24/32                                                  | CUSIP: 06738EBV6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1225000 | PA      | $1114551.81   | 0.11%             | 2032-11-24      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| Cimpress PLC                                                                                           | CMPR 7.375 09/15/32 144A                                              | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |    151000 | PA      | $154020.58    | 0.02%             | 2032-09-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                                                                    | CSCO 4.85 02/26/29                                                    | CUSIP: 17275RBR2<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    508000 | PA      | $521758.02    | 0.05%             | 2029-02-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DH Europe Finance II SARL                                                                              | DHR 3.25 11/15/39                                                     | CUSIP: 23291KAJ4<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |   1036000 | PA      | $850999.29    | 0.08%             | 2039-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DCP Midstream Operating LP                                                                             | DCP 6.75 09/15/37                                                     | CUSIP: 23311RAA4<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |   1063000 | PA      | $1158166.96   | 0.12%             | 2037-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Davita Inc                                                                                             | DVA 6.875 09/01/32 144A                                               | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     28000 | PA      | $29144.47     | 0.00%             | 2032-09-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| DEEPHAVEN RESIDENTIAL MTG TR 2022-2                                                                    | DRMT 2022-2 A1                                                        | CUSIP: 24380XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700665 | PA      | $686193.94    | 0.07%             | 2067-03-25      | Variable      | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Diamond Foreign Asset Co. / Diamond Finance LLC                                                        | DO 8.5 10/01/30 144A                                                  | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     11000 | PA      | $11657.62     | 0.00%             | 2030-10-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Directv Financing LLC/Directv Financing Co-Obligor Inc.                                                | DTV 8.875 02/01/30 144A                                               | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     38000 | PA      | $38510.75     | 0.00%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Dreyfus Government Cash Management Funds                                                               | Dreyfus Government Cash Management Funds SH BEN INT                   | CUSIP: 262006208<br>LEI: 549300F7IDB6WRO7VJ11 | Long             | STIV             | RF                | US        |  13288149 | NS      | $13288148.63  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ERAC USA Finance LLC                                                                                   | ENTERP 4.2 11/01/46 144A                                              | CUSIP: 26884TAS1<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |   1091000 | PA      | $907914.87    | 0.09%             | 2046-11-01      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Inc.                                                                                          | ENBCN V8.25 01/15/84 NC5                                              | CUSIP: 29250NBS3<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    103000 | PA      | $110213.19    | 0.01%             | 2084-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                     | ET V7.125 PERP G                                                      | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14339.15     | 0.00%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                     | ET V8 05/15/54                                                        | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     39000 | PA      | $41630.36     | 0.00%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Skymiles IP Ltd. & Delta Air Lines Inc.                                                                | DAL 4.75 10/20/28 144A                                                | CUSIP: 830867AB3<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | KY        |   1178000 | PA      | $1185274.39   | 0.12%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-5C27                                                                         | BBCMS 2024-5C27 AS                                                    | CUSIP: 05555FAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    670000 | PA      | $705301.76    | 0.07%             | 2057-07-17      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Beazer Homes USA Inc.                                                                                  | BZH 7.5 03/15/31 144A                                                 | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21296.04     | 0.00%             | 2031-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Becton, Dickinson and Company                                                                          | BDX 4.685 12/15/44                                                    | CUSIP: 075887BG3<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    700000 | PA      | $621733.71    | 0.06%             | 2044-12-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO XXV LTD                                                                    | BSP 2021-25A BR                                                       | CUSIP: 08186YAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1050000 | PA      | $1050834.75   | 0.10%             | 2035-01-16      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Berkshire Hathaway Finance Corporation                                                                 | BRK 4.25 01/15/49                                                     | CUSIP: 084664CR0<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |    690000 | PA      | $581185.52    | 0.06%             | 2049-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Cim Trust                                                                                              | CIM 2020-J2 A19                                                       | CUSIP: 12568PAU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    601760 | PA      | $501864.49    | 0.05%             | 2051-01-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2016 P6                                                            | CGCMT 2017-P8 AS                                                      | CUSIP: 17326DAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    390000 | PA      | $367717.00    | 0.04%             | 2050-09-16      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                         | C V6.174 05/25/34                                                     | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    645000 | PA      | $686020.36    | 0.07%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                         | C V4.542 09/19/30                                                     | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1765199.54   | 0.18%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                              | Goldman Sachs Group, Inc. COM USD0.01                                 | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     15437 | NS      | $13569123.00  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Inc                                                                             | PFGC 6.125 09/15/32 144A                                              | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |     36000 | PA      | $37113.34     | 0.00%             | 2032-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Pernod Ricard International Finance Llc                                                                | RIFP 1.625 04/01/31 144A                                              | CUSIP: 71427QAB4<br>LEI: 5493009254WI1A8WXT48 | Long             | DBT              | CORP              | US        |   1572000 | PA      | $1367876.24   | 0.14%             | 2031-04-01      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| Polaris Inc.                                                                                           | PII 5.6 03/01/31                                                      | CUSIP: 731068AB8<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |   1006000 | PA      | $1017251.92   | 0.10%             | 2031-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Prairie Acquiror LP                                                                                    | TGE 9 08/01/29 144A                                                   | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |     39000 | PA      | $40534.03     | 0.00%             | 2029-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                                         | SEMT 2015-2 A19                                                       | CUSIP: 81733YBN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    116110 | PA      | $107229.37    | 0.01%             | 2045-05-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                                                              | SUN 4.5 10/01/29 144A                                                 | CUSIP: 86765KAJ8<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     47000 | PA      | $45795.99     | 0.00%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                                     | TMUS 3.875 04/15/30                                                   | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1178000 | PA      | $1159652.81   | 0.12%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                                     | TMUS 5.75 01/15/54                                                    | CUSIP: 87264ADB8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    566000 | PA      | $557458.58    | 0.06%             | 2054-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMN Healthcare Inc.                                                                                    | AMN 6.5 01/15/31 144A                                                 | CUSIP: 00175PAD5<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |     76000 | PA      | $76020.29     | 0.01%             | 2031-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| American Express Company                                                                               | AXP V5.282 07/27/29                                                   | CUSIP: 025816DH9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1339328.68   | 0.13%             | 2029-07-27      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                                                             | AMT 5.9 11/15/33                                                      | CUSIP: 03027XCF5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1219000 | PA      | $1304201.80   | 0.13%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Amkor Technology, Inc.                                                                                 | AMKR 5.875 10/01/33 144A                                              | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |     49000 | PA      | $50010.79     | 0.00%             | 2033-10-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Amsted Industries Incorporated                                                                         | AMSIND 4.625 05/15/30 144A                                            | CUSIP: 032177AJ6<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |     46000 | PA      | $45154.88     | 0.00%             | 2030-05-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Amsted Industries Incorporated                                                                         | AMSIND 6.375 03/15/33 144A                                            | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28839.69     | 0.00%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2024-1                                                                        | AOMT 2024-1 A1                                                        | CUSIP: 03465XAA7<br>LEI: 2549003MM0537Y3QHI22 | Long             | ABS-O            | CORP              | US        |   1101541 | PA      | $1103206.53   | 0.11%             | 2068-08-25      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2024-6                                                                        | AOMT 2024-6 A1                                                        | CUSIP: 034944AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    703469 | PA      | $701400.41    | 0.07%             | 2067-11-25      | Variable      | 4.65%                 | Yes           |                  2 | On Loan: No      |
| Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc                                      | ABIBB 4.9 02/01/46 *                                                  | CUSIP: 03522AAJ9<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | US        |    672000 | PA      | $624383.54    | 0.06%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                                             | AAPL 4.65 02/23/46                                                    | CUSIP: 037833BX7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1424000 | PA      | $1311680.25   | 0.13%             | 2046-02-23      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                                  | BAC V5.511 01/24/36                                                   | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1087335.64   | 0.11%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                                       | BMO V3.803 12/15/32                                                   | CUSIP: 06368BGS1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    932000 | PA      | $921076.45    | 0.09%             | 2032-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                                      | BK V5.834 10/25/33 MTN                                                | CUSIP: 06406RBM8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1101270.50   | 0.11%             | 2033-10-25      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                                                | SORT 2020-1 A1                                                        | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    333315 | PA      | $280446.18    | 0.03%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                                                        | CVS 5.125 07/20/45                                                    | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    782000 | PA      | $708103.04    | 0.07%             | 2045-07-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| Celanese US Holdings Llc                                                                               | CE 6.879 07/15/32                                                     | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     34000 | PA      | $35452.86     | 0.00%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                                               | CE 7.2 11/15/33                                                       | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     52000 | PA      | $54986.62     | 0.01%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Cerdia Finanz Gmbh                                                                                     | PLATIN 9.375 10/03/31 144A                                            | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $206750.00    | 0.02%             | 2031-10-03      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Champ Acquisition Corp                                                                                 | VISANT 8.375 12/01/31 144A                                            | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     57000 | PA      | $61574.99     | 0.01%             | 2031-12-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.                   | CHTR 6.484 10/23/45                                                   | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    711000 | PA      | $669780.96    | 0.07%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                                            | CQP 4 03/01/31                                                        | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    355000 | PA      | $346050.19    | 0.03%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                                            | CQP 3.25 01/31/32                                                     | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   1126000 | PA      | $1038736.26   | 0.10%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                                     | DELL 4.85 02/01/35                                                    | CUSIP: 24703DBQ3<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    762000 | PA      | $753558.68    | 0.08%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC/Directv Financing Co-Obligor Inc.                                                | DTV 10 02/15/31 144A                                                  | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     47000 | PA      | $48036.43     | 0.00%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FHR 4616 Z                                                            | CUSIP: 3137BS4M2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2072476 | PA      | $1807365.86   | 0.18%             | 2046-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FHR 4991 HB                                                           | CUSIP: 3137FUUM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    515000 | PA      | $379437.32    | 0.04%             | 2050-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                                | FHR 5178 CV                                                           | CUSIP: 3137H53J4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   1650000 | PA      | $1245716.84   | 0.12%             | 2040-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FHR 5223 NB                                                           | CUSIP: 3137H7J38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2350000 | PA      | $2041163.94   | 0.20%             | 2042-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                       | FN FA3851                                                             | CUSIP: 3140W4H59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1525000 | PA      | $1530048.21   | 0.15%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FM5279                                                             | CUSIP: 3140X82M8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    391713 | PA      | $366403.82    | 0.04%             | 2050-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FM5085                                                             | CUSIP: 3140X8UK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1470602 | PA      | $1209108.39   | 0.12%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FM5166                                                             | CUSIP: 3140X8W45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    462255 | PA      | $411205.33    | 0.04%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                  | FN FM5468                                                             | CUSIP: 3140X9CE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    258975 | PA      | $246683.34    | 0.02%             | 2036-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fortress Transportation & Infrastructure Investors LLC                                                 | FTAI 5.5 05/01/28 144A                                                | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14016.13     | 0.00%             | 2028-05-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Fortress Transportation & Infrastructure Investors LLC                                                 | FTAI 7.875 12/01/30 144A                                              | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7445.05      | 0.00%             | 2030-12-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Fortress Transportation & Infrastructure Investors LLC                                                 | FTAI 7 06/15/32 144A                                                  | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      8000 | PA      | $8410.50      | 0.00%             | 2032-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Gci Llc                                                                                                | GCILLC 4.75 10/15/28 144A                                             | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |     73000 | PA      | $71177.49     | 0.01%             | 2028-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2020-Pj2                                                           | GSMBS 2022-PJ1 A8                                                     | CUSIP: 36263NAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1101370 | PA      | $985014.94    | 0.10%             | 2052-05-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Guardian Life Global Funding                                                                           | GUARDN 4.327 10/06/30 144A                                            | CUSIP: 40139LBN2<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |    692000 | PA      | $693885.53    | 0.07%             | 2030-10-06      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| HF Sinclair Corp.                                                                                      | DINO 5 02/01/28                                                       | CUSIP: 403949AQ3<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |   1174000 | PA      | $1174226.90   | 0.12%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                      | HRI 6.625 06/15/29 144A                                               | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21809.44     | 0.00%             | 2029-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                      | HRI 5.75 03/15/31 144A                                                | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16245.09     | 0.00%             | 2031-03-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                      | HRI 6 03/15/34 144A                                                   | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16207.35     | 0.00%             | 2034-03-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I L.P/Hilcorp Finance Co                                                                | HILCRP 5.75 02/01/29 144A                                             | CUSIP: 431318AU8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     32000 | PA      | $31644.85     | 0.00%             | 2029-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I L.P/Hilcorp Finance Co                                                                | HILCRP 6 04/15/30 144A                                                | CUSIP: 431318AY0<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17490.04     | 0.00%             | 2030-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I L.P/Hilcorp Finance Co                                                                | HILCRP 6.875 05/15/34 144A                                            | CUSIP: 431318BE3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     26000 | PA      | $24358.24     | 0.00%             | 2034-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                                                                          | SM 6.75 08/01/29 144A                                                 | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21154.19     | 0.00%             | 2029-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Tyson Foods, Inc.                                                                                      | TSN 5.4 03/15/29                                                      | CUSIP: 902494BL6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    815000 | PA      | $842258.72    | 0.08%             | 2029-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.5 11/15/54                                                        | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2499000 | PA      | $2367412.03   | 0.24%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.75 02/15/45                                                       | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6840000 | PA      | $6830114.08   | 0.68%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.75 08/15/55                                                       | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2045000 | PA      | $2019437.50   | 0.20%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.625 11/15/45                                                      | CUSIP: 912810UQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7160000 | PA      | $7022393.75   | 0.70%             | 2045-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                           | T 3.5 09/30/29                                                        | CUSIP: 91282CLN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33990000 | PA      | $33851915.63  | 3.37%             | 2029-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                           | T 3.75 04/15/28                                                       | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2480000 | PA      | $2493368.74   | 0.25%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                           | T 4 05/31/30                                                          | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12275000 | PA      | $12441383.82  | 1.24%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                           | T 4.25 08/15/35                                                       | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12795000 | PA      | $12914953.13  | 1.29%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                           | T 4 11/15/35                                                          | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1651000 | PA      | $1630878.44   | 0.16%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                                                                          | UVN 8.5 07/31/31 144A                                                 | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     61000 | PA      | $63710.47     | 0.01%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FG G08062                                                             | CUSIP: 3128MJB82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       805 | PA      | $827.51       | 0.00%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FG G08637                                                             | CUSIP: 3128MJV72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     89308 | PA      | $86712.33     | 0.01%             | 2045-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FG Q02664                                                             | CUSIP: 3132GF5Z6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    560876 | PA      | $565562.23    | 0.06%             | 2041-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FG Q29260                                                             | CUSIP: 3132M95V2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    469460 | PA      | $456782.43    | 0.05%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                       | FG Q29056                                                             | CUSIP: 3132M9WR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1065567 | PA      | $1034700.58   | 0.10%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                               | GNR 2010-169 AW                                                       | CUSIP: 38377RL60<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     88018 | PA      | $88688.62     | 0.01%             | 2040-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                               | GNR 2012-147 IO                                                       | CUSIP: 38378B3G2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2460267 | PA      | $19848.70     | 0.00%             | 2054-04-16      | Variable      | 0.51%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                               | GNR 2014-44 LZ                                                        | CUSIP: 38379AVY3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    935265 | PA      | $892057.75    | 0.09%             | 2044-03-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Graham Holdings Co                                                                                     | GHC 5.625 12/01/33 144A                                               | CUSIP: 384637AC8<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |     46000 | PA      | $46439.90     | 0.00%             | 2033-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                                                                               | GPI 4 08/15/28 144A                                                   | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     64000 | PA      | $62743.67     | 0.01%             | 2028-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                                                                               | GPI 6.375 01/15/30 144A                                               | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14409.54     | 0.00%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Voyager Parent LLC                                                                                     | EVRI 9.25 07/01/32 144A                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    149000 | PA      | $158094.66    | 0.02%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Walmart Inc                                                                                            | WMT 4.5 09/09/52                                                      | CUSIP: 931142EZ2<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    808000 | PA      | $714393.69    | 0.07%             | 2052-09-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** Touchstone Strategic Trust

**Signature:** Terri Lucas

**Name of Signer:** Terri Lucas

**Title:** Controller & Treasurer