# EDGAR Filing Document

**Accession Number:** 0000701039
**File Stem:** 0001410368-26-020590
**Filing Date:** 2026-2
**Character Count:** 159718
**Document Hash:** 2e54e51837bf4ac4f88e37ed6a8fc0ee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-020590.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001410368-26-020590

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Calvert Fund
- **CENTRAL INDEX KEY:** 0000701039

**ORGANIZATION NAME:**
- **EIN:** 526228948
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03416
- **FILM NUMBER:** 26696864

**BUSINESS ADDRESS:**
- **STREET 1:** 2050 M STREET NW
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036
- **BUSINESS PHONE:** 8002256265

**MAIL ADDRESS:**
- **STREET 1:** 2050 M STREET NW
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALVERT FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Calvert Ultra-Short Duration Income Fund (Series ID: S000013508)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000036621 | Class A                                          | CULAX           |
| C000139784 | Calvert Ultra-Short Duration Income Fund Class I | CULIX           |
| C000195935 | Class R6                                         | CULRX           |

## Nport-Ex

Calvert

Ultra-Short Duration Income Fund

December 31, 2025

Schedule of Investments (Unaudited)

------

Asset-Backed Securities — 16.3%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | **Value** |
| Ally Bank Auto Credit-Linked Notes: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-A, Class A2, 5.681%, 5/17/32<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1186 | $1207249 |
| &nbsp;&nbsp;&nbsp;Series 2024-A, Class B, 5.827%, 5/17/32<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2016 | &nbsp;&nbsp; 2050957 |
| &nbsp;&nbsp;&nbsp;Series 2024-A, Class C, 6.022%, 5/17/32<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1046 | &nbsp;&nbsp; 1064495 |
| &nbsp;&nbsp;&nbsp;Series 2025-B, Class A2, 4.305%, 9/15/33<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1544 | &nbsp;&nbsp; 1548251 |
| &nbsp;&nbsp;&nbsp;Series 2025-B, Class B, 4.501%, 9/15/33<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1902 | &nbsp;&nbsp; 1909876 |
| Amur Equipment Finance Receivables XII LLC, Series 2023-1A, Class A2, 6.09%, 12/20/29<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1942 | &nbsp;&nbsp; 1958539 |
| Auxilior Term Funding LLC: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2023-1A, Class A2, 6.18%, 12/15/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp; 40538 |
| &nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2, 5.84%, 3/15/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336736 |
| BHG Securitization Trust, Series 2022-C, Class B, 5.93%, 10/17/35<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;826496 |
| Blue Owl Asset Leasing Trust LLC, Series 2024-1A, Class A2, 5.05%, 3/15/29<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676057 |
| Chase Auto Credit Linked Notes, Series 2025-1, Class B, 4.753%, 2/25/33<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2747 | &nbsp;&nbsp;&nbsp;&nbsp;2769230 |
| Chesapeake Funding II LLC: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2023-2A, Class A1, 6.16%, 10/15/35<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328433 |
| &nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2, 4.754%, (30-day SOFR Average + 0.77%), 5/15/36<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1605 | &nbsp;&nbsp;&nbsp;&nbsp;1606779 |
| Clarus Capital Funding LLC, Series 2024-1A, Class A2, 4.71%, 8/20/32<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1219 | &nbsp;&nbsp;&nbsp;&nbsp;1223292 |
| Coinstar Funding LLC, Series 2017-1A, Class A2, 5.216%, 4/25/47<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1984 | &nbsp;&nbsp;&nbsp;&nbsp;2269376 |
| Cologix Data Centers U.S. Issuer LLC, Series 2021-1A, Class A2, 3.30%, 12/26/51<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2065 | &nbsp;&nbsp;&nbsp;&nbsp;2030324 |
| Crossroads Asset Trust, Series 2025-A, Class A2, 4.91%, 2/20/32<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2256 | &nbsp;&nbsp;&nbsp;&nbsp;2274137 |
| DB Master Finance LLC, Series 2021-1A, Class A2I, 2.045%, 11/20/51<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4118 | &nbsp;&nbsp;&nbsp;&nbsp;4041553 |
| DLLMT LLC, Series 2024-1A, Class A2, 5.08%, 2/22/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729138 |
| Driven Brands Funding LLC, Series 2020-2A, Class A2, 3.237%, 1/20/51<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2890 | &nbsp;&nbsp;&nbsp;&nbsp;2803608 |
| Enterprise Fleet Financing LLC, Series 2024-2, Class A2, 5.74%, 12/20/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;951008 |
| FHF Issuer Trust, Series 2023-2A, Class A2, 6.79%, 10/15/29<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1335 | &nbsp;&nbsp;&nbsp;&nbsp;1345179 |
| FIGRE Trust, Series 2025-FL1, Class A1, 5.265% to 7/25/28, 7/25/55<sup>(1)(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1287 | &nbsp;&nbsp;&nbsp;&nbsp;1297721 |
| GLS Auto Select Receivables Trust: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2023-2A, Class A2, 6.37%, 6/15/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311348 |
| &nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2, 5.24%, 3/15/30<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1113 | &nbsp;&nbsp;&nbsp;&nbsp;1120208 |
| GS Mortgage-Backed Securities Trust, Series 2025-HE1, Class A1, 5.424%, (30-day SOFR Average + 1.55%), 10/25/55<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1504 | &nbsp;&nbsp;&nbsp;&nbsp;1509012 |
| Hilton Grand Vacations Trust, Series 2020-AA, Class A, 2.74%, 2/25/39<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261254 |
| Jersey Mike's Funding, Series 2021-1A, Class A2I, 2.891%, 2/15/52<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1724 | &nbsp;&nbsp;&nbsp;&nbsp;1699914 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | **Value** |
| JP Morgan Mortgage Trust, Series 2025-HE3, Class A1, 5.268%, (30-day SOFR Average + 1.35%), 3/20/56<sup>(1)(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1196 | $1200914 |
| Lendbuzz Securitization Trust: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2023-2A, Class A2, 7.09%, 10/16/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp; 243524 |
| &nbsp;&nbsp;&nbsp;Series 2023-3A, Class A2, 7.50%, 12/15/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2595 | &nbsp;&nbsp; 2642339 |
| &nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2, 6.19%, 8/15/29<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1475 | &nbsp;&nbsp; 1483218 |
| &nbsp;&nbsp;&nbsp;Series 2024-3A, Class A2, 4.97%, 10/15/29<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2101 | &nbsp;&nbsp; 2102087 |
| Marlette Funding Trust, Series 2024-1A, Class C, 6.34%, 7/17/34<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1840 | &nbsp;&nbsp; 1864346 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class A, 6.56%, 7/20/29<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2701 | &nbsp;&nbsp; 2716306 |
| MMP Capital LLC, Series 2025-A, Class A, 5.36%, 12/15/31<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868 | &nbsp;&nbsp; 875809 |
| MVW LLC, Series 2020-1A, Class A, 1.74%, 10/20/37<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56872 |
| Navistar Financial Dealer Note Master Owner Trust II, Series 2025-1, Class A, 4.18%, 9/25/30<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675195 |
| Newtek Small Business Loan Trust, Series 2023-1, Class A, 6.25%, (U.S. (Fed) Prime Rate - 0.50%), 7/25/50<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1963 | &nbsp;&nbsp;&nbsp;&nbsp;1983150 |
| OBX Trust, Series 2025-HE1, Class A1, 5.474%, (30-day SOFR Average + 1.60%), 2/25/55<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2864 | &nbsp;&nbsp;&nbsp;&nbsp;2884771 |
| Octane Receivables Trust: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2023-1A, Class A, 5.87%, 5/21/29<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0<sup>(4)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445 |
| &nbsp;&nbsp;&nbsp;Series 2024-2A, Class A2, 5.80%, 7/20/32<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1764 | &nbsp;&nbsp;&nbsp;&nbsp;1778975 |
| &nbsp;&nbsp;&nbsp;Series 2024-3A, Class A2, 4.94%, 5/20/30<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404470 |
| OneMain Financial Issuance Trust: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-1A, Class B, 1.95%, 6/16/36<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1115 | &nbsp;&nbsp;&nbsp;&nbsp;1056871 |
| &nbsp;&nbsp;&nbsp;Series 2022-2A, Class B, 5.24%, 10/14/34<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3450 | &nbsp;&nbsp;&nbsp;&nbsp;3461983 |
| Oportun Funding Trust, Series 2024-3, Class A, 5.26%, 8/15/29<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825214 |
| Oportun Issuance Trust, Series 2021-B, Class B, 1.96%, 5/8/31<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97676 |
| Oscar U.S. Funding XVII LLC, Series 2024-2A, Class A2, 4.63%, 12/10/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1988 | &nbsp;&nbsp;&nbsp;&nbsp;1988566 |
| Pagaya AI Debt Grantor Trust, Series 2024-9, Class A, 5.065%, 3/15/32<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1175 | &nbsp;&nbsp;&nbsp;&nbsp;1178075 |
| PEAC Solutions Receivables LLC: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2, 5.79%, 6/21/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866196 |
| &nbsp;&nbsp;&nbsp;Series 2024-2A, Class A2, 4.74%, 4/20/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;977028 |
| Prodigy Finance CM DAC, Series 2021-1A, Class A, 5.092%, (1 mo. SOFR + 1.364%), 7/25/51<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3137 | &nbsp;&nbsp;&nbsp;&nbsp;3131766 |
| RCKT Trust, Series 2025-2A, Class A, 4.48%, 11/27/34<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2562 | &nbsp;&nbsp;&nbsp;&nbsp;2564728 |
| Reach ABS Trust: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-2A, Class A, 5.88%, 7/15/31<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391030 |
| &nbsp;&nbsp;&nbsp;Series 2025-1A, Class A, 4.96%, 8/16/32<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275608 |
| Saluda Grade Alternative Mortgage Trust, Series 2025-LOC5, Class A1A, 5.554%, (1 mo. SOFR + 1.60%), 10/25/55<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1976 | &nbsp;&nbsp;&nbsp;&nbsp;1980887 |
| Santander Bank Auto Credit-Linked Notes: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2023-A, Class F, 13.752%, 6/15/33<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1350 | &nbsp;&nbsp;&nbsp;&nbsp;1407868 |
| &nbsp;&nbsp;&nbsp;Series 2025-A, Class B, 4.484%, 1/16/34<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;991426 |
| Servpro Master Issuer LLC, Series 2021-1A, Class A2, 2.394%, 4/25/51<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1418 | &nbsp;&nbsp;&nbsp;&nbsp;1342681 |

---

------

Calvert

Ultra-Short Duration Income Fund

December 31, 2025

Schedule of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | **Value** |
| SoFi Consumer Loan Program Trust: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2025-1, Class A, 4.80%, 2/27/34<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1953 | $1960707 |
| &nbsp;&nbsp;&nbsp;Series 2025-2, Class A, 4.82%, 6/25/34<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762 | &nbsp;&nbsp; 766337 |
| SpringCastle America Funding LLC, Series 2020-AA, Class A, 1.97%, 9/25/37<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925 | &nbsp;&nbsp; 874431 |
| Stack Infrastructure Issuer LLC, Series 2021-1A, Class A2, 1.877%, 3/26/46<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4719 | &nbsp;&nbsp; 4684701 |
| Taco Bell Funding LLC, Series 2021-1A, Class A2I, 1.946%, 8/25/51<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538 | &nbsp;&nbsp; 524828 |
| Tesla Lease Electric Vehicle Securitization LLC, Series 2025-A, Class A2, 4.14%, 6/20/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3355 | &nbsp;&nbsp; 3362672 |
| Theorem Funding Trust, Series 2022-3A, Class B, 8.95%, 4/15/29<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3459 | &nbsp;&nbsp; 3481083 |
| Towd Point Mortgage Trust, Series 2025-HE2, Class A1A, 5.224%, (30-day SOFR Average + 1.35%), 9/25/65<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2187 | &nbsp;&nbsp; 2192105 |
| Tricolor Auto Securitization Trust: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-2A, Class A, 6.36%, 12/15/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381239 |
| &nbsp;&nbsp;&nbsp;Series 2024-3A, Class A, 5.22%, 6/15/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1310 | &nbsp;&nbsp;&nbsp;&nbsp;1201639 |
| Truist Bank Auto Credit-Linked Notes, Series 2025-1, Class B, 4.728%, 9/26/33<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;2404782 |
| Verdant Receivables LLC, Series 2025-1A, Class A2, 4.85%, 3/13/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3835 | &nbsp;&nbsp;&nbsp;&nbsp;3853841 |
| Westlake Automobile Receivables Trust, Series 2024-1A, Class A3, 5.44%, 5/17/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488726 |
| Wingspire Equipment Finance LLC: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2, 4.99%, 9/20/32<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1011 | &nbsp;&nbsp;&nbsp;&nbsp;1016840 |
| &nbsp;&nbsp;&nbsp;Series 2025-1A, Class A2, 4.33%, 9/20/33<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1130 | &nbsp;&nbsp;&nbsp;&nbsp;1132576 |
| Total Asset-Backed Securities<br> (identified cost $111,312,892) |  | **$111967239** |

---

Collateralized Mortgage Obligations — 11.8%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | **Value** |
| Federal Home Loan Mortgage Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;Series 406, Class F12, 5.174%, (30-day SOFR Average + 1.30%), 10/25/53<sup>(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1019 | $1027435 |
| &nbsp;&nbsp;&nbsp;Series 5370, Class FB, 5.274%, (30-day SOFR Average + 1.40%), 1/25/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1992 | &nbsp;&nbsp; 2010649 |
| &nbsp;&nbsp;&nbsp;Series 5397, Class FE, 5.134%, (30-day SOFR Average + 1.26%), 4/25/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1850 | &nbsp;&nbsp; 1865632 |
| &nbsp;&nbsp;&nbsp;Series 5410, Class FD, 5.124%, (30-day SOFR Average + 1.25%), 5/25/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3047 | &nbsp;&nbsp; 3070072 |
| &nbsp;&nbsp;&nbsp;Series 5410, Class FE, 4.974%, (30-day SOFR Average + 1.10%), 5/25/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2065 | &nbsp;&nbsp; 2078931 |
| &nbsp;&nbsp;&nbsp;Series 5460, Class FA, 4.924%, (30-day SOFR Average + 1.05%), 10/25/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1743 | &nbsp;&nbsp; 1749113 |
| &nbsp;&nbsp;&nbsp;Series 5461, Class FA, 4.824%, (30-day SOFR Average + 0.95%), 10/25/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2339 | &nbsp;&nbsp; 2344544 |
| &nbsp;&nbsp;&nbsp;Series 5483, Class FB, 5.304%, (30-day SOFR Average + 1.43%), 12/25/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3867 | &nbsp;&nbsp; 3892319 |
| &nbsp;&nbsp;&nbsp;Series 5499, Class FQ, 5.024%, (30-day SOFR Average + 1.15%), 2/25/55<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3180 | &nbsp;&nbsp;&nbsp;&nbsp;3196639 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | **Value** |
| Federal Home Loan Mortgage Corp.: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;Series 5513, Class FA, 4.874%, (30-day SOFR Average + 1.00%), 3/25/55<sup>(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;1936 | $1941989 |
| &nbsp;&nbsp;&nbsp;Series 5529, Class AF, 4.874%, (30-day SOFR Average + 1.00%), 3/25/55<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2573 | &nbsp;&nbsp; 2581447 |
| &nbsp;&nbsp;&nbsp;Series 5556, Class FA, 5.024%, (30-day SOFR Average + 1.15%), 7/25/55<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2353 | &nbsp;&nbsp; 2360161 |
| Federal Home Loan Mortgage Corp. STACR REMICS Trust: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2022-DNA2, Class M1A, 5.174%, (30-day SOFR Average + 1.30%), 2/25/42<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp; 903961 |
| &nbsp;&nbsp;&nbsp;Series 2022-HQA1, Class M1A, 5.974%, (30-day SOFR Average + 2.10%), 3/25/42<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp; 276711 |
| &nbsp;&nbsp;&nbsp;Series 2024-DNA1, Class M1, 5.224%, (30-day SOFR Average + 1.35%), 2/25/44<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1603 | &nbsp;&nbsp; 1610413 |
| &nbsp;&nbsp;&nbsp;Series 2024-HQA1, Class A1, 5.124%, (30-day SOFR Average + 1.25%), 3/25/44<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;5062 | &nbsp;&nbsp; 5090942 |
| Federal National Mortgage Association: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2006-46, Class FG, 4.239%, (30-day SOFR Average + 0.364%), 6/25/36<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536127 |
| &nbsp;&nbsp;&nbsp;Series 2024-33, Class KF, 4.824%, (30-day SOFR Average + 0.95%), 1/25/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1239 | &nbsp;&nbsp;&nbsp;&nbsp;1244893 |
| &nbsp;&nbsp;&nbsp;Series 2024-36, Class FB, 5.024%, (30-day SOFR Average + 1.15%), 6/25/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1481 | &nbsp;&nbsp;&nbsp;&nbsp;1490717 |
| &nbsp;&nbsp;&nbsp;Series 2024-84, Class JF, 5.344%, (30-day SOFR Average + 1.47%), 11/25/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2275 | &nbsp;&nbsp;&nbsp;&nbsp;2292527 |
| &nbsp;&nbsp;&nbsp;Series 2025-31, Class FB, 5.024%, (30-day SOFR Average + 1.15%), 6/25/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;779618 |
| &nbsp;&nbsp;&nbsp;Series 2025-63, Class FA, 5.024%, (30-day SOFR Average + 1.15%), 8/25/55<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;3111647 |
| &nbsp;&nbsp;&nbsp;Series 2025-75, Class FA, 4.924%, (30-day SOFR Average + 1.05%), 9/25/55<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2798 | &nbsp;&nbsp;&nbsp;&nbsp;2804336 |
| &nbsp;&nbsp;&nbsp;Series 2025-109, Class FC, 5.072%, (30-day SOFR Average + 1.00%), 11/25/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1954 | &nbsp;&nbsp;&nbsp;&nbsp;1954978 |
| Federal National Mortgage Association Connecticut Avenue Securities: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2019-R06, Class 2B1, 7.739%, (30-day SOFR Average + 3.864%), 9/25/39<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1212 | &nbsp;&nbsp;&nbsp;&nbsp;1235040 |
| &nbsp;&nbsp;&nbsp;Series 2022-R01, Class 1M1, 4.874%, (30-day SOFR Average + 1.00%), 12/25/41<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274003 |
| &nbsp;&nbsp;&nbsp;Series 2025-R05, Class 2A1, 4.874%, (30-day SOFR Average + 1.00%), 7/25/45<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1867 | &nbsp;&nbsp;&nbsp;&nbsp;1872558 |
| Government National Mortgage Association: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2011-44, Class KF, 4.248%, (1 mo. SOFR + 0.514%), 3/20/41<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;886253 |
| &nbsp;&nbsp;&nbsp;Series 2023-101, Class FM, 4.818%, (30-day SOFR Average + 0.90%), 7/20/53<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2981 | &nbsp;&nbsp;&nbsp;&nbsp;2986759 |
| &nbsp;&nbsp;&nbsp;Series 2023-116, Class DF, 5.018%, (30-day SOFR Average + 1.10%), 8/20/53<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1452 | &nbsp;&nbsp;&nbsp;&nbsp;1459229 |
| &nbsp;&nbsp;&nbsp;Series 2023-149, Class NF, 4.968%, (30-day SOFR Average + 1.05%), 10/20/53<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998278 |
| &nbsp;&nbsp;&nbsp;Series 2024-30, Class LF, 4.918%, (30-day SOFR Average + 1.00%), 2/20/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;945260 |
| &nbsp;&nbsp;&nbsp;Series 2024-43, Class FB, 4.868%, (30-day SOFR Average + 0.95%), 3/20/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1213 | &nbsp;&nbsp;&nbsp;&nbsp;1215377 |
| &nbsp;&nbsp;&nbsp;Series 2024-146, Class FE, 4.918%, (30-day SOFR Average + 1.00%), 9/20/64<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2239 | &nbsp;&nbsp;&nbsp;&nbsp;2247693 |
| &nbsp;&nbsp;&nbsp;Series 2024-177, Class FB, 4.968%, (30-day SOFR Average + 1.05%), 10/20/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;685300 |

---

------

Calvert

Ultra-Short Duration Income Fund

December 31, 2025

Schedule of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | **Value** |
| Government National Mortgage Association: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;Series 2024-197, Class GF, 4.918%, (30-day SOFR Average + 1.00%), 12/20/54<sup>(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;1134 | $1137388 |
| &nbsp;&nbsp;&nbsp;Series 2025-2, Class FB, 4.968%, (30-day SOFR Average + 1.05%), 12/20/54<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2483 | &nbsp;&nbsp; 2495393 |
| &nbsp;&nbsp;&nbsp;Series 2025-134, Class FL, 4.918%, (30-day SOFR Average + 1.00%), 6/20/55<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609 | &nbsp;&nbsp; 610123 |
| &nbsp;&nbsp;&nbsp;Series 2025-139, Class FE, 5.018%, (30-day SOFR Average + 1.10%), 8/20/65<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1679 | &nbsp;&nbsp; 1684978 |
| JPMorgan Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;Series 2023-HE2, Class A1, 5.618%, (30-day SOFR Average + 1.70%), 3/20/54<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1577 | &nbsp;&nbsp; 1583848 |
| &nbsp;&nbsp;&nbsp;Series 2023-HE3, Class A1, 5.518%, (30-day SOFR Average + 1.60%), 5/20/54<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1566 | &nbsp;&nbsp; 1571809 |
| &nbsp;&nbsp;&nbsp;Series 2024-HE2, Class A1, 5.118%, (30-day SOFR Average + 1.20%), 10/20/54<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;847 | &nbsp;&nbsp; 847936 |
| Oceanview Mortgage Trust, Series 2025-3, Class AF1, 4.815%, (30-day SOFR Average + 0.95%), 5/25/55<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4541 | &nbsp;&nbsp;&nbsp;&nbsp;4553447 |
| PRMI Securitization Trust, Series 2025-CMG1, Class A1, 5.428%, (30-day SOFR Average + 1.50%), 12/25/55<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1020 | &nbsp;&nbsp;&nbsp;&nbsp;1018651 |
| Radnor Re Ltd., Series 2023-1, Class M1A, 6.565%, (30-day SOFR Average + 2.70%), 7/25/33<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;603269 |
| Total Collateralized Mortgage Obligations<br> (identified cost $80,852,350) |  | **$81128393** |

---

Commercial Mortgage-Backed Securities — 2.4%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | **Value** |
| BPR Trust, Series 2022-SSP, Class A, 6.75%, (1 mo. SOFR + 3.00%), 5/15/39<sup>(1)(2)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | $3006598 |
| Extended Stay America Trust, Series 2025-ESH, Class A, 5.05%, (1 mo. SOFR + 1.30%), 10/15/42<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1920 | &nbsp;&nbsp; 1925596 |
| HLTN Commercial Mortgage Trust, Series 2024-DPLO, Class A, 5.392%, (1 mo. SOFR + 1.642%), 6/15/41<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2625 | &nbsp;&nbsp; 2633155 |
| INTOWN Mortgage Trust, Series 2025-STAY, Class B, 5.50%, (1 mo. SOFR + 1.75%), 3/15/42<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2415 | &nbsp;&nbsp; 2420405 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2021-MHC, Class B, 5.166%, (1 mo. SOFR + 1.414%), 4/15/38<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp; 900120 |
| NRTH Commercial Mortgage Trust, Series 2025-PARK, Class A, 5.143%, (1 mo. SOFR + 1.393%), 10/15/40<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440 | &nbsp;&nbsp; 441049 |
| ORL Trust, Series 2024-GLKS, Class A, 5.243%, (1 mo. SOFR + 1.493%), 12/15/39<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2452 | &nbsp;&nbsp; 2458954 |
| TX Trust, Series 2024-HOU, Class A, 5.342%, (1 mo. SOFR + 1.591%), 6/15/39<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2625 | &nbsp;&nbsp; 2629898 |
| Total Commercial Mortgage-Backed Securities<br> (identified cost $16,347,264) |  | **$16415775** |

---

Corporate Bonds — 48.2%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount\*<br> (000's omitted)** | **Value** |
| Basic Materials — 0.1% | Basic Materials — 0.1% |  |
| Celanese U.S. Holdings LLC, 1.40%, 8/5/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600 | $590880 |
|  |  | **$590880** |
| Communications — 0.4% | Communications — 0.4% |  |
| CCO Holdings LLC/CCO Holdings Capital Corp., 5.125%, 5/1/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3010 | $3007608 |
|  |  | **$3007608** |
| Consumer, Cyclical — 5.4% | Consumer, Cyclical — 5.4% |  |
| Air Canada, 3.875%, 8/15/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3350 | $3335943 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1604 | &nbsp;&nbsp; 1607281 |
| Delta Air Lines, Inc./SkyMiles IP Ltd., 4.75%, 10/20/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;3320591 |
| Ford Motor Credit Co. LLC: |  |  |
| &nbsp;&nbsp;&nbsp;4.389%, 1/8/26 | &nbsp;&nbsp;&nbsp;&nbsp;2750 | &nbsp;&nbsp;&nbsp;&nbsp;2750190 |
| &nbsp;&nbsp;&nbsp;5.125%, 11/5/26 | &nbsp;&nbsp;&nbsp;&nbsp;3225 | &nbsp;&nbsp;&nbsp;&nbsp;3243460 |
| &nbsp;&nbsp;&nbsp;6.95%, 3/6/26 | &nbsp;&nbsp;&nbsp;&nbsp;4005 | &nbsp;&nbsp;&nbsp;&nbsp;4014216 |
| General Motors Financial Co., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;2.35%, 2/26/27 | &nbsp;&nbsp;&nbsp;&nbsp;3694 | &nbsp;&nbsp;&nbsp;&nbsp;3621476 |
| &nbsp;&nbsp;&nbsp;2.40%, 4/10/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;949084 |
| Hyundai Capital America, 4.875%, 6/23/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;6510 | &nbsp;&nbsp;&nbsp;&nbsp;6583687 |
| Stellantis Finance U.S., Inc., 1.711%, 1/29/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2240 | &nbsp;&nbsp;&nbsp;&nbsp;2177959 |
| Volkswagen Group of America Finance LLC, 4.90%, 8/14/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;5630 | &nbsp;&nbsp;&nbsp;&nbsp;5654062 |
|  |  | **$37257949** |
| Consumer, Non-cyclical — 2.4% | Consumer, Non-cyclical — 2.4% |  |
| Ashtead Capital, Inc., 1.50%, 8/12/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3440 | &nbsp;&nbsp;&nbsp;$3382082 |
| Centene Corp., 4.25%, 12/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;5150 | &nbsp;&nbsp;&nbsp;&nbsp;5122872 |
| HCA, Inc., 4.50%, 2/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;3350 | &nbsp;&nbsp;&nbsp;&nbsp;3357781 |
| Smithfield Foods, Inc., 4.25%, 2/1/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4593 | &nbsp;&nbsp;&nbsp;&nbsp;4578804 |
|  |  | **$16441539** |
| Financial — 32.8% | Financial — 32.8% |  |
| Air Lease Corp., 5.30%, 6/25/26 | &nbsp;&nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;$2312042 |
| American National Group, Inc., 5.00%, 6/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;4940 | &nbsp;&nbsp;&nbsp;&nbsp;4979505 |
| Apollo Management Holdings LP, 4.40%, 5/27/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3325 | &nbsp;&nbsp;&nbsp;&nbsp;3325529 |
| Athene Global Funding: |  |  |
| &nbsp;&nbsp;&nbsp;4.86%, 8/27/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3247 | &nbsp;&nbsp;&nbsp;&nbsp;3259939 |
| &nbsp;&nbsp;&nbsp;4.95%, 1/7/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;5037401 |
| Australia & New Zealand Banking Group Ltd., 4.336%, (SOFR + 0.56%), 3/18/26<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;7690 | &nbsp;&nbsp;&nbsp;&nbsp;7697454 |
| Banco Santander SA, 4.175% to 3/24/27, 3/24/28<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;6600 | &nbsp;&nbsp;&nbsp;&nbsp;6603689 |
| Bank of America Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;1.734% to 7/22/26, 7/22/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;13485 | &nbsp;&nbsp;&nbsp;&nbsp;13314800 |
| &nbsp;&nbsp;&nbsp;1.978% to 9/15/26, 9/15/27<sup>(5)</sup> CAD | &nbsp;&nbsp;&nbsp;&nbsp;4700 | &nbsp;&nbsp;&nbsp;&nbsp;3404970 |
| Bank of Ireland Group PLC, 2.029% to 9/30/26, 9/30/27<sup>(1)(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;6804 | &nbsp;&nbsp;&nbsp;&nbsp;6697864 |
| Bank of Montreal, 4.309%, 6/1/27 CAD | &nbsp;&nbsp;&nbsp;&nbsp;4650 | &nbsp;&nbsp;&nbsp;&nbsp;3448768 |

---

------

Calvert

Ultra-Short Duration Income Fund

December 31, 2025

Schedule of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount\*<br> (000's omitted)** | **Value** |
| Financial (continued) | Financial (continued) |  |
| Bank of New York Mellon, 4.587% to 4/20/26, 4/20/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3610 | $3616622 |
| Barclays PLC, 5.20%, 5/12/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3400 | &nbsp;&nbsp; 3415010 |
| BPCE SA, 5.975% to 1/18/26, 1/18/27<sup>(1)(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp; 4502787 |
| CaixaBank SA, 6.684% to 9/13/26, 9/13/27<sup>(1)(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6525 | &nbsp;&nbsp; 6639905 |
| Capital One Financial Corp., 1.878% to 11/2/26, 11/2/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3450 | &nbsp;&nbsp; 3385849 |
| Citadel LP, 4.875%, 1/15/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2869 | &nbsp;&nbsp; 2875380 |
| Citigroup, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;1.122% to 1/28/26, 1/28/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3400 | &nbsp;&nbsp; 3392344 |
| &nbsp;&nbsp;&nbsp;1.462% to 6/9/26, 6/9/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;6800 | &nbsp;&nbsp;&nbsp;&nbsp;6722789 |
| COPT Defense Properties LP, 2.25%, 3/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;3640 | &nbsp;&nbsp;&nbsp;&nbsp;3624256 |
| EPR Properties, 4.75%, 12/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;5086 | &nbsp;&nbsp;&nbsp;&nbsp;5101914 |
| Fortitude Global Funding, 4.625%, 10/6/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2355 | &nbsp;&nbsp;&nbsp;&nbsp;2358380 |
| GA Global Funding Trust, 2.25%, 1/6/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1467 | &nbsp;&nbsp;&nbsp;&nbsp;1440796 |
| Goldman Sachs Bank USA, 5.414% to 5/21/26, 5/21/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;13159 | &nbsp;&nbsp;&nbsp;13229435 |
| HAT Holdings I LLC/HAT Holdings II LLC: |  |  |
| &nbsp;&nbsp;&nbsp;3.375%, 6/15/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4775 | &nbsp;&nbsp;&nbsp;&nbsp;4745558 |
| &nbsp;&nbsp;&nbsp;3.75%, 9/15/30<sup>(1)(6)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631327 |
| HSBC Holdings PLC, 4.375%, 11/23/26 | &nbsp;&nbsp;&nbsp;&nbsp;3465 | &nbsp;&nbsp;&nbsp;&nbsp;3474113 |
| ING Groep NV, 6.083% to 9/11/26, 9/11/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;6350 | &nbsp;&nbsp;&nbsp;&nbsp;6435812 |
| Intesa Sanpaolo SpA, 5.71%, 1/15/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;6425 | &nbsp;&nbsp;&nbsp;&nbsp;6428207 |
| Jefferies Financial Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 9/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;3715 | &nbsp;&nbsp;&nbsp;&nbsp;3715355 |
| &nbsp;&nbsp;&nbsp;4.75%, 8/11/26 | &nbsp;&nbsp;&nbsp;&nbsp;3345 | &nbsp;&nbsp;&nbsp;&nbsp;3348064 |
| JPMorgan Chase & Co.: |  |  |
| &nbsp;&nbsp;&nbsp;1.04% to 2/4/26, 2/4/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;7125 | &nbsp;&nbsp;&nbsp;&nbsp;7105476 |
| &nbsp;&nbsp;&nbsp;6.07% to 10/22/26, 10/22/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3030 | &nbsp;&nbsp;&nbsp;&nbsp;3078460 |
| Liberty Mutual Insurance Co., 7.875%, 10/15/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2780 | &nbsp;&nbsp;&nbsp;&nbsp;2850201 |
| Marex Group PLC, 5.829%, 5/8/28 | &nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;2542780 |
| National Bank of Canada, 4.702% to 3/5/26, 3/5/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;5150 | &nbsp;&nbsp;&nbsp;&nbsp;5154942 |
| NatWest Markets PLC, 4.174%, 11/6/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3460 | &nbsp;&nbsp;&nbsp;&nbsp;3470978 |
| PNC Bank NA, 4.543% to 5/13/26, 5/13/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;6800 | &nbsp;&nbsp;&nbsp;&nbsp;6810941 |
| Protective Life Global Funding, 4.675%, (SOFR + 0.70%), 4/10/26<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4050 | &nbsp;&nbsp;&nbsp;&nbsp;4054310 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.875%, 10/15/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2485 | &nbsp;&nbsp;&nbsp;&nbsp;2450442 |
| Royal Bank of Canada, 5.069% to 7/23/26, 7/23/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;6575 | &nbsp;&nbsp;&nbsp;&nbsp;6612469 |
| Societe Generale SA: |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 2/19/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2050 | &nbsp;&nbsp;&nbsp;&nbsp;2073970 |
| &nbsp;&nbsp;&nbsp;5.519% to 1/19/27, 1/19/28<sup>(1)(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2075 | &nbsp;&nbsp;&nbsp;&nbsp;2102386 |
| Stellantis Financial Services U.S. Corp., 4.95%, 9/15/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1490 | &nbsp;&nbsp;&nbsp;&nbsp;1510820 |
| Toronto-Dominion Bank, 4.109%, 10/13/28 | &nbsp;&nbsp;&nbsp;&nbsp;3465 | &nbsp;&nbsp;&nbsp;&nbsp;3474123 |
| Truist Bank, 4.42% to 7/24/27, 7/24/28<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4537 | &nbsp;&nbsp;&nbsp;&nbsp;4565969 |
| U.S. Bank NA, 4.73% to 5/14/27, 5/15/28<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2270 | &nbsp;&nbsp;&nbsp;&nbsp;2293125 |
| UBS Group AG: |  |  |
| &nbsp;&nbsp;&nbsp;1.305% to 2/2/26, 2/2/27<sup>(1)(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2550 | &nbsp;&nbsp;&nbsp;&nbsp;2542895 |
| &nbsp;&nbsp;&nbsp;1.494% to 8/10/26, 8/10/27<sup>(1)(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4273 | &nbsp;&nbsp;&nbsp;&nbsp;4205627 |
| &nbsp;&nbsp;&nbsp;4.703% to 8/5/26, 8/5/27<sup>(1)(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698541 |
| &nbsp;&nbsp;&nbsp;5.711% to 1/12/26, 1/12/27<sup>(1)(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680266 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount\*<br> (000's omitted)** | **Value** |
| Financial (continued) | Financial (continued) |  |
| Wells Fargo & Co., 3.196% to 6/17/26, 6/17/27<sup>(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8075 | $8043593 |
|  |  | **$225488178** |
| Industrial — 2.9% | Industrial — 2.9% |  |
| Berry Global, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;1.57%, 1/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3738 | $3734310 |
| &nbsp;&nbsp;&nbsp;4.875%, 7/15/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3400 | &nbsp;&nbsp; 3400735 |
| Hexcel Corp., 4.20%, 2/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2250 | &nbsp;&nbsp; 2246358 |
| Sealed Air Corp., 1.573%, 10/15/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp; 954665 |
| Silgan Holdings, Inc., 1.40%, 4/1/26<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339135 |
| Sonoco Products Co., 4.45%, 9/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854903 |
| TD SYNNEX Corp., 4.30%, 1/17/29 | &nbsp;&nbsp;&nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;&nbsp;1597434 |
| Vontier Corp., 1.80%, 4/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;6636 | &nbsp;&nbsp;&nbsp;&nbsp;6594394 |
|  |  | **$19721934** |
| Technology — 2.4% | Technology — 2.4% |  |
| Concentrix Corp., 6.65%, 8/2/26 | &nbsp;&nbsp;&nbsp;&nbsp;4175 | &nbsp;&nbsp;&nbsp;$4216511 |
| Dell International LLC/EMC Corp., 4.90%, 10/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355695 |
| Intel Corp., 4.875%, 2/10/26 | &nbsp;&nbsp;&nbsp;&nbsp;3433 | &nbsp;&nbsp;&nbsp;&nbsp;3435296 |
| Kyndryl Holdings, Inc., 2.05%, 10/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;3253 | &nbsp;&nbsp;&nbsp;&nbsp;3200630 |
| Oracle Corp., 2.65%, 7/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;5038 | &nbsp;&nbsp;&nbsp;&nbsp;4997630 |
|  |  | **$16205762** |
| Utilities — 1.8% | Utilities — 1.8% |  |
| AES Corp., 1.375%, 1/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;2830 | &nbsp;&nbsp;&nbsp;$2826772 |
| Algonquin Power & Utilities Corp., 5.365%, 6/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;3745 | &nbsp;&nbsp;&nbsp;&nbsp;3763467 |
| NextEra Energy Capital Holdings, Inc., 4.685%, 9/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;5176 | &nbsp;&nbsp;&nbsp;&nbsp;5240293 |
| NRG Energy, Inc., 2.45%, 12/2/27<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;507806 |
|  |  | **$12338338** |
| Total Corporate Bonds<br> (identified cost $329,710,232) |  | **$331052188** |

---

High Social Impact Investments — 0.1%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | **Value** |
| Calvert Impact Capital, Inc., Community Investment Notes, 5.00%, 12/15/28<sup>(7)(8)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $1013860 |
| Total High Social Impact Investments<br> (identified cost $1,000,000) |  | **$1013860** |

---

------

Calvert

Ultra-Short Duration Income Fund

December 31, 2025

Schedule of Investments (Unaudited) — continued

------

Senior Floating-Rate Loans — 0.9%<sup>(9)</sup>

---

| | | |
|:---|:---|:---|
| **Borrower/Description** | **Principal<br> Amount<br> (000's omitted)** | **Value** |
| Commercial Services & Supplies — 0.2% | Commercial Services & Supplies — 0.2% |  |
| Aramark Services, Inc., Term Loan, 5.471%, (1 mo. USD Term SOFR + 1.75%), 6/22/30 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1662 | $1669625 |
|  |  | **$1669625** |
| Life Sciences Tools & Services — 0.1% | Life Sciences Tools & Services — 0.1% |  |
| ICON Luxembourg SARL, Term Loan, 5.672%, (3 mo. USD Term SOFR + 2.00%), 7/3/28 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432 | $436840 |
| PRA Health Sciences, Inc., Term Loan, 5.672%, (3 mo. USD Term SOFR + 2.00%), 7/3/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108 | &nbsp;&nbsp; 108839 |
|  |  | **$545679** |
| Professional Services — 0.2% | Professional Services — 0.2% |  |
| Trans Union LLC, Term Loan, 5.466%, (1 mo. USD Term SOFR + 1.75%), 6/24/31 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1724 | $1729052 |
|  |  | &nbsp;&nbsp;&nbsp;**$1729052** |
| Software — 0.1% | Software — 0.1% |  |
| Open Text Corp., Term Loan, 5.466%, (1 mo. USD Term SOFR + 1.75%), 1/31/30 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659 | &nbsp;&nbsp;&nbsp;&nbsp;$660083 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$660083** |
| Trading Companies & Distributors — 0.3% | Trading Companies & Distributors — 0.3% |  |
| Avolon TLB Borrower 1 (U.S.) LLC, Term Loan, 5.484%, (1 mo. USD Term SOFR + 1.75%), 6/24/30 | $&nbsp;&nbsp;&nbsp;&nbsp;1724 | &nbsp;&nbsp;&nbsp;$1736003 |
|  |  | &nbsp;&nbsp;&nbsp;**$1736003** |
| Total Senior Floating-Rate Loans<br> (identified cost $6,325,926) |  | &nbsp;&nbsp;&nbsp;**$6340442** |

---

U.S. Treasury Obligations — 15.6%

---

| | | |
|:---|:---|:---|
| **Security** | **Principal<br> Amount<br> (000's omitted)** | **Value** |
| U.S. Treasury Notes: |  |  |
| &nbsp;&nbsp;&nbsp;1.875%, 6/30/26 | $&nbsp;&nbsp;&nbsp;&nbsp;33930 | $33663680 |
| &nbsp;&nbsp;&nbsp;2.75%, 4/30/27 | &nbsp;&nbsp;&nbsp;&nbsp;16900 | &nbsp;&nbsp; 16738592 |
| &nbsp;&nbsp;&nbsp;4.125%, 10/31/26 | &nbsp;&nbsp;&nbsp;&nbsp;56587 | &nbsp;&nbsp; 56833323 |
| Total U.S. Treasury Obligations<br> (identified cost $107,014,931) |  | **$107235595** |

---

---

| | | |
|:---|:---|:---|
| Short-Term Investments — 3.9% |  |  |
| Affiliated Fund — 0.8% | Affiliated Fund — 0.8% | Affiliated Fund — 0.8% |
| **Security** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 3.69%<sup>(10)</sup> | 5477977 | $5477977 |
| Total Affiliated Fund<br> (identified cost $5,477,977) |  | **$5477977** |
| Commercial Paper — 2.1% | Commercial Paper — 2.1% | Commercial Paper — 2.1% |
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| Brunswick Corp., 4.24%, 1/6/26<sup>(11)(12)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3425 | $3422550 |
| HA Sustainable Infrastructure Capital, Inc., 4.634%, 1/21/26<sup>(11)(12)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4615 | &nbsp;&nbsp; 4603309 |
| HCA, Inc., 4.314%, 1/13/26<sup>(11)(12)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3380 | &nbsp;&nbsp; 3375120 |
| Jabil, Inc., 4.129%, 1/5/26<sup>(11)(12)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3380 | &nbsp;&nbsp; 3377945 |
| Total Commercial Paper<br> (identified cost $14,779,813) |  | **$14778924** |
| Sovereign Government Securities — 1.0% |  |  |
| **Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| Japan Treasury Discount Bills: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 1/19/26 | &nbsp;&nbsp;525000 | &nbsp;&nbsp;&nbsp;$3350620 |
| &nbsp;&nbsp;&nbsp;0.00%, 3/16/26 | &nbsp;&nbsp;535000 | &nbsp;&nbsp;&nbsp;&nbsp;3411041 |
| Total Sovereign Government Securities<br> (identified cost $6,828,732) |  | &nbsp;&nbsp;&nbsp;**$6761661** |
| Total Short-Term Investments<br> (identified cost $27,086,522) |  | **$27018562** |
| Total Investments — 99.2%<br> (identified cost $679,650,117) |  | **$682172054** |
| Other Assets, Less Liabilities — 0.8% |  | **$5214138** |
| Net Assets — 100.0% |  | **$687386192** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category in the Schedule of Investments is based on net assets. | The percentage shown for each investment category in the Schedule of Investments is based on net assets. |
| \* | In U.S. dollars unless otherwise indicated. |
| <sup>(1)</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At December 31, 2025, the aggregate value of these securities is $270,956,923 or 39.4% of the Fund's net assets. |
| <sup>(2)</sup> | Variable rate security. The stated interest rate represents the rate in effect at December 31, 2025. |

---

------

Calvert

Ultra-Short Duration Income Fund

December 31, 2025

Schedule of Investments (Unaudited) — continued

------

<sup>(3)</sup> Step coupon security. Interest rate represents the rate in effect at December 31, 2025.

<sup>(4)</sup> Principal amount is less than $500.

<sup>(5)</sup> Security converts to variable rate after the indicated fixed-rate coupon period.

<sup>(6)</sup> All or a portion of this security was on loan at December 31, 2025. The aggregate market value of securities on loan at December 31, 2025 was $168,725 and the total market value of the collateral received by the Fund was $174,489, comprised of U.S. government and/or agencies securities.

<sup>(7)</sup> May be deemed to be an affiliated company.

<sup>(8)</sup> Restricted security. Total market value of restricted securities amounts to $1,013,860, which represents 0.1% of the net assets of the Fund as of December 31, 2025.

<sup>(9)</sup> Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. These base lending rates are primarily the Secured Overnight Financing Rate ("SOFR") and secondarily, the prime rate offered by one or more major United States banks (the "Prime Rate"). Base lending rates may be subject to a floor, or minimum rate. Rates for SOFR are generally 1 or 3-month tenors and may also be subject to a credit spread adjustment. Senior Loans are generally subject to contractual restrictions that must be satisfied before they can be bought or sold.

<sup>(10)</sup> May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of December 31, 2025.

<sup>(11)</sup> Security exempt from registration under Section 4(2) of the Securities Act of 1933, as amended. Such securities may be sold in transactions exempt from registration only to dealers in that program or other "accredited investors". At December 31, 2025, the aggregate value of these securities is $14,778,924 representing 2.1% of the Fund's net assets.

<sup>(12)</sup> Rate shown is the discount rate at date of purchase.

#### Forward Foreign Currency Exchange Contracts (OTC)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | &nbsp;&nbsp;&nbsp;&nbsp;**Currency Sold** | &nbsp;&nbsp;&nbsp;&nbsp;**Currency Sold** | &nbsp;&nbsp;&nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp;**Settlement<br> Date** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> (Depreciation)** |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1763 | &nbsp;&nbsp;&nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271950 | &nbsp;&nbsp;&nbsp;&nbsp;Credit Agricole CIB | &nbsp;&nbsp;&nbsp;&nbsp;1/20/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;3401412 | &nbsp;&nbsp;&nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;&nbsp;524728050 | &nbsp;&nbsp;&nbsp;&nbsp;UBS AG | &nbsp;&nbsp;&nbsp;&nbsp;1/20/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;3473870 | &nbsp;&nbsp;&nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;&nbsp;534105480 | &nbsp;&nbsp;&nbsp;&nbsp;Credit Agricole CIB | &nbsp;&nbsp;&nbsp;&nbsp;3/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5818 | &nbsp;&nbsp;&nbsp;&nbsp;JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894520 | &nbsp;&nbsp;&nbsp;&nbsp;UBS AG | &nbsp;&nbsp;&nbsp;&nbsp;3/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;6843758 | &nbsp;&nbsp;&nbsp;&nbsp;CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9438975 | &nbsp;&nbsp;&nbsp;&nbsp;Citibank, N.A. | &nbsp;&nbsp;&nbsp;&nbsp;3/18/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(55601) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$90887** | &nbsp;&nbsp;&nbsp;&nbsp;**$(55601)** |

---

#### Futures Contracts

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | &nbsp;&nbsp;&nbsp;&nbsp;**Number of<br> Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Position** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Value/<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Interest Rate Futures** |  |  |  |  |  |
| U.S. 2-Year Treasury Note | &nbsp;&nbsp;&nbsp;&nbsp;(41) | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;&nbsp;3/31/26 | &nbsp;&nbsp;&nbsp;&nbsp;$(8560352) | &nbsp;&nbsp;&nbsp;&nbsp;$4736 |
| U.S. 5-Year Treasury Note | &nbsp;&nbsp;&nbsp;&nbsp;(20) | &nbsp;&nbsp;&nbsp;&nbsp;Short | &nbsp;&nbsp;&nbsp;&nbsp;3/31/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2186094) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7935 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$12671** |

---

------

Calvert

Ultra-Short Duration Income Fund

December 31, 2025

Schedule of Investments (Unaudited) — continued

------

#### Restricted Securities

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;&nbsp;&nbsp;**Acquisition Date** | &nbsp;&nbsp;&nbsp;&nbsp;**Cost** |
| Calvert Impact Capital, Inc., Community Investment Notes, 5.00%, 12/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;12/15/23 | &nbsp;&nbsp;&nbsp;&nbsp;$1000000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$1000000** |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| OTC | – Over-the-counter |
| SOFR | – Secured Overnight Financing Rate |
| STACR | – Structured Agency Credit Risk |

---

---

| | |
|:---|:---|
| **Currency Abbreviations:** | **Currency Abbreviations:** |
| CAD | – Canadian Dollar |
| JPY | – Japanese Yen |
| USD | – United States Dollar |

---

At December 31, 2025, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.

In the normal course of pursuing its investment objective, the Fund is subject to the following risks:

Foreign Exchange Risk: During the fiscal year to date ended December 31, 2025, the Fund entered into forward foreign currency exchange contracts to seek to hedge against fluctuations in currency exchange rates.

Interest Rate Risk: During the fiscal year to date ended December 31, 2025, the Fund used futures contracts to hedge interest rate risk and to manage duration.

Affiliated Investments

At December 31, 2025, the value of the Fund's investment in Calvert Impact Capital, Inc. and in funds that may be deemed to be affiliated was $6,491,837, which represents 0.9% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended December 31, 2025 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Value,<br> beginning<br> of period** | **Purchases** | **Sales<br> proceeds** | **Net<br> realized<br> gain<br> (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Value,<br> end of<br> period** | **Interest/<br> Dividend<br> income** | **Principal amount ($)/<br> Shares,<br> end of period** |
| **High Social Impact Investments** |  |  |  |  |  |  |  |  |
| Calvert Impact Capital, Inc., Community Investment Notes, 5.00%, 12/15/28<sup>(1)</sup> | $1012260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $— | $1600 | $1013860 | $12500 | $1000000 |
| **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** |  |  |  |  |  |  |
| Liquidity Fund, Institutional Class<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;17436791 | &nbsp;&nbsp;&nbsp;132360362 | &nbsp;&nbsp;&nbsp;(144319176) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;5477977 | &nbsp;&nbsp;&nbsp;315110 | &nbsp;&nbsp;&nbsp;5477977 |
| **Total** |  |  |  | **$—** | **$1600** | **$6491837** | **$327610** |  |

---

<sup>(1)</sup> Restricted security. <br> <sup>(2)</sup> Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.

Fair Value Measurements

U.S. generally accepted accounting principles (U.S. GAAP) establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

Level 1 - quoted prices in active markets for identical securities

Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

------

Calvert

Ultra-Short Duration Income Fund

December 31, 2025

Schedule of Investments (Unaudited) — continued

------

The following table summarizes the market value of the Fund's holdings as of December 31, 2025, based on the inputs used to value them:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$111967239 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$111967239 |
| Collateralized Mortgage Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81128393 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81128393 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16415775 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16415775 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;331052188 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;331052188 |
| High Social Impact Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1013860 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1013860 |
| Senior Floating-Rate Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6340442 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6340442 |
| U.S. Treasury Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;107235595 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;107235595 |
| Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Affiliated Fund | &nbsp;&nbsp;&nbsp;&nbsp;5477977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5477977 |
| &nbsp;&nbsp;&nbsp;Commercial Paper | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14778924 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14778924 |
| &nbsp;&nbsp;&nbsp;Sovereign Government Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6761661 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6761661 |
| **Total Investments** | &nbsp;&nbsp;**$5477977** | &nbsp;&nbsp;**$676694077** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$682172054** |
| Forward Foreign Currency Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$90887 | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$90887 |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12671 |
| **Total** | &nbsp;&nbsp;**$5490648** | &nbsp;&nbsp;**$676784964** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$682275612** |
| **Liability Description** |  |  |  |  |
| Forward Foreign Currency Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(55601) | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(55601) |
| **Total** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(55601)** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(55601)** |

---

**Investment Valuation - Derivatives. Forward foreign currency exchange contracts are generally valued at the mean of the average bid and average ask prices that are reported by currency dealers to a third party pricing service at the valuation time. Such third party pricing service valuations are supplied for specific settlement periods and the Fund's forward foreign currency exchange contracts are valued at an interpolated rate between the closest preceding and subsequent settlement period reported by the third party pricing service and are categorized as Level 2 in the hierarchy.**

**Forward Foreign Currency Exchange Contracts. The Fund may enter into forward foreign currency exchange contracts for the purchase or sale of a specific foreign currency at a fixed price on a future date. The forward foreign currency exchange contracts are adjusted by the daily exchange rate of the underlying currency and any gains or losses are recorded as unrealized until such time as the contracts have been closed. Risks may arise upon entering these contracts from the potential inability of counterparties to meet the terms of their contracts and from movements in the value of a foreign currency relative to the U.S. dollar.**

For additional information on the Fund's policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Calvert Fund

- **b. Investment Company Act file number:** 811-03416

- **c. CIK number of Registrant:** 0000701039

- **d. LEI of Registrant:** 549300SAFDT1VZ80RP53

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

  - **Street Address 1:** 2050 M Street NW

  - **City:** Washington

  - **State:** DC

  - **Foreign country:** US

  - **Zip / Postal Code:** 20036

  - **Telephone number:** 202-238-2200

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

- **a. Name of Series:** Calvert Ultra-Short Duration Income Fund

- **b. EDGAR series identifier (if any):** S000013508

- **c. LEI of Series:** 549300IXKXR5NQT6M528

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

- **a. Date of fiscal year-end:** 2026-09-30

- **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:** $688402690.70

**Total Liabilities:** $3661447.81

**Net Assets:** $684741242.89

**Cash Not Reported:** $133494.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -6766.65000000 | **1-Year:** -20500.58000000 | **5-Year:** -6456.56000000 | **10-Year:** -800.70000000 | **30-Year:** -380.46000000

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

- **3-Month:** -436.87000000 | **1-Year:** -2061.41000000 | **5-Year:** -774.15000000 | **10-Year:** -776.13000000 | **30-Year:** -110.88000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000036621 | 0.23%                | 0.43%                | 0.42%                |
| Class ID C000139784 | 0.36%                | 0.35%                | 0.44%                |
| Class ID C000195935 | 0.36%                | 0.45%                | 0.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6738.87                | $-234655.49                                |
| Month 2  | $38824.03                | $240428.74                                 |
| Month 3  | $112473.83               | $731908.22                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AES CORP/THE                                    | AES Corp/The                                                        | CUSIP: 00130HCE3<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2826772.10   | 0.41%             | 2026-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                        | American Airlines Inc/AAdvantage Loyalty IP Ltd                     | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1604167 | PA      | $1607281.05   | 0.23%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                      | Air Canada                                                          | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |   3350000 | PA      | $3335943.40   | 0.49%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                  | Air Lease Corp                                                      | CUSIP: 00914AAW2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2312041.81   | 0.34%             | 2026-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                         | Algonquin Power & Utilities Corp                                    | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   3745000 | PA      | $3763467.42   | 0.55%             | 2026-06-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes              | Ally Bank Auto Credit-Linked Notes Series 2025-B                    | CUSIP: 02007G6N8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1543643 | PA      | $1548250.87   | 0.23%             | 2033-09-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes              | Ally Bank Auto Credit-Linked Notes Series 2025-B                    | CUSIP: 02007G6P3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1901656 | PA      | $1909876.05   | 0.28%             | 2033-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes              | Ally Bank Auto Credit-Linked Notes Series 2024-A                    | CUSIP: 02007GZ48<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1185950 | PA      | $1207248.66   | 0.18%             | 2032-05-17      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes              | Ally Bank Auto Credit-Linked Notes Series 2024-A                    | CUSIP: 02007GZ55<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2016115 | PA      | $2050956.61   | 0.30%             | 2032-05-17      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes              | Ally Bank Auto Credit-Linked Notes Series 2024-A                    | CUSIP: 02007GZ63<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1046008 | PA      | $1064495.21   | 0.16%             | 2032-05-17      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                         | American National Group Inc                                         | CUSIP: 025676AM9<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   4940000 | PA      | $4979504.64   | 0.73%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receivables LLC          | Amur Equipment Finance Receivables XII LLC                          | CUSIP: 03236YAB1<br>LEI: 5493000K1GV1VHEHGY40 | Long             | ABS-O            | CORP              | US        |   1942028 | PA      | $1958539.46   | 0.29%             | 2029-12-20      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| APOLLO MANAGEMENT HOLDIN                        | Apollo Management Holdings LP                                       | CUSIP: 03765HAB7<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |   3325000 | PA      | $3325528.84   | 0.49%             | 2026-05-27      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                            | ARAMARK SERVICES INC 2025 TERM LOAN                                 | CUSIP: 03852JBC4<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |   1661839 | PA      | $1669624.50   | 0.24%             | 2030-06-22      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                             | Ashtead Capital Inc                                                 | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   3440000 | PA      | $3382082.20   | 0.49%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                           | Athene Global Funding                                               | CUSIP: 04685A4A6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   3247000 | PA      | $3259939.55   | 0.48%             | 2026-08-27      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                           | Athene Global Funding                                               | CUSIP: 04685A4E8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5037401.20   | 0.74%             | 2027-01-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                         | Australia & New Zealand Banking Group Ltd                           | CUSIP: 05252ADK4<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   7690000 | PA      | $7697454.61   | 1.12%             | 2026-03-18      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| Auxilior Term Funding LLC                       | Auxilior Term Funding 2024-1 LLC                                    | CUSIP: 05335FAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    336057 | PA      | $336736.23    | 0.05%             | 2027-03-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Auxilior Term Funding LLC                       | Auxilior Term Funding 2023-1 LLC                                    | CUSIP: 05335JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40332 | PA      | $40537.67     | 0.01%             | 2028-12-15      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| Avolon TLB Borrower 1 (US) LLC                  | Avolon TLB Borrower 1 (US) LLC 2023 Term Loan B6                    | CUSIP: 05400KAJ9<br>LEI: 635400O84AGITYFZQB55 | Long             | LON              | CORP              | US        |   1728169 | PA      | $1740387.01   | 0.25%             | 2030-06-24      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                         | BPCE SA                                                             | CUSIP: 05583JAN2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   4500000 | PA      | $4502786.72   | 0.66%             | 2027-01-18      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                       | BPR Trust 2022-SSP                                                  | CUSIP: 05602HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3006597.90   | 0.44%             | 2039-05-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                              | Banco Santander SA                                                  | CUSIP: 05964HAQ8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   6600000 | PA      | $6603688.81   | 0.96%             | 2028-03-24      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                | CUSIP: 060505FZ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $3404970.31   | 0.50%             | 2027-09-15      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  13485000 | PA      | $13314800.02  | 1.94%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                           | Bank of Ireland Group PLC                                           | CUSIP: 06279JAB5<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |   6804000 | PA      | $6697863.72   | 0.98%             | 2027-09-30      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                | Bank of Montreal                                                    | CUSIP: 06368D3U6<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   4650000 | PA      | $3448768.35   | 0.50%             | 2027-06-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON                         | Bank of New York Mellon/The                                         | CUSIP: 06405LAF8<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   3610000 | PA      | $3616621.64   | 0.53%             | 2027-04-20      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                    | Barclays PLC                                                        | CUSIP: 06738EAP0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3400000 | PA      | $3415009.88   | 0.50%             | 2026-05-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                | Berry Global Inc                                                    | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   3738000 | PA      | $3734310.00   | 0.55%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                | Berry Global Inc                                                    | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3400734.98   | 0.50%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust   | BHG Securitization Trust 2022-C                                     | CUSIP: 08860DAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    824248 | PA      | $826495.71    | 0.12%             | 2035-10-17      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Blue Owl Asset Leasing Trust                    | Blue Owl Asset Leasing Trust 2024-1 LLC                             | CUSIP: 095921AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    673323 | PA      | $676056.67    | 0.10%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BRUNSWICK CORP                                  | Brunswick Corp/DE                                                   | CUSIP: 11704NA62<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | STIV             | CORP              | US        |   3425000 | PA      | $3422549.41   | 0.50%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                          | CCO Holdings LLC / CCO Holdings Capital Corp                        | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3010000 | PA      | $3007608.19   | 0.44%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                    | CaixaBank SA                                                        | CUSIP: 12803RAB0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   6525000 | PA      | $6639905.12   | 0.97%             | 2027-09-13      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                        | Capital One Financial Corp                                          | CUSIP: 14040HCH6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3450000 | PA      | $3385849.46   | 0.49%             | 2027-11-02      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                        | Celanese US Holdings LLC                                            | CUSIP: 15089QAK0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    600000 | PA      | $590880.00    | 0.09%             | 2026-08-05      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                    | Centene Corp                                                        | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   5150000 | PA      | $5122871.71   | 0.75%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                       | Chesapeake Funding II LLC                                           | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    324918 | PA      | $328432.87    | 0.05%             | 2035-10-15      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                       | Chesapeake Funding II LLC                                           | CUSIP: 165183DJ0<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1605214 | PA      | $1606779.37   | 0.23%             | 2036-05-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                      | Citadel LP                                                          | CUSIP: 17288XAB0<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |   2869000 | PA      | $2875380.17   | 0.42%             | 2027-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                   | Citigroup Inc                                                       | CUSIP: 172967NA5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6800000 | PA      | $6722788.86   | 0.98%             | 2027-06-09      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                   | Citigroup Inc                                                       | CUSIP: 17327CAM5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3392344.29   | 0.50%             | 2027-01-28      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Clarus Capital Funding LLC                      | Clarus Capital Funding 2024-1 LLC                                   | CUSIP: 18271JAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1218503 | PA      | $1223292.43   | 0.18%             | 2032-08-20      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Coinstar Funding, LLC                           | Coinstar Funding LLC Series 2017-1                                  | CUSIP: 19260MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1983720 | PA      | $2269375.68   | 0.33%             | 2047-04-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Cologix Data Centers Issuer LLC                 | Cologix Data Centers US Issuer LLC                                  | CUSIP: 19521UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2065000 | PA      | $2030323.69   | 0.30%             | 2051-12-26      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                                 | Concentrix Corp                                                     | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   4175000 | PA      | $4216510.56   | 0.62%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                | Fannie Mae Connecticut Avenue Securities                            | CUSIP: 20753CAA8<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   1866890 | PA      | $1872558.05   | 0.27%             | 2045-07-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                | Fannie Mae Connecticut Avenue Securities                            | CUSIP: 20754JAC8<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   1212348 | PA      | $1235040.48   | 0.18%             | 2039-09-25      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                | Fannie Mae Connecticut Avenue Securities                            | CUSIP: 20754LAA7<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    273190 | PA      | $274003.14    | 0.04%             | 2041-12-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                            | COPT Defense Properties LP                                          | CUSIP: 22003BAL0<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |   3640000 | PA      | $3624256.02   | 0.53%             | 2026-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                    | UBS Group AG                                                        | CUSIP: 225401AT5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2550000 | PA      | $2542894.68   | 0.37%             | 2027-02-02      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Crossroads Asset Trust                          | Crossroads Asset Trust 2025-A                                       | CUSIP: 22767VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2256409 | PA      | $2274136.55   | 0.33%             | 2032-02-20      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                           | DB Master Finance LLC                                               | CUSIP: 233046AN1<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   4118400 | PA      | $4041552.72   | 0.59%             | 2051-11-20      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| DLLMT LLC                                       | DLLMT 2024-1 LLC                                                    | CUSIP: 23347AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    727523 | PA      | $729138.44    | 0.11%             | 2027-02-22      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                         | Dell International LLC / EMC Corp                                   | CUSIP: 24703TAE6<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    354000 | PA      | $355694.77    | 0.05%             | 2026-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                     | PURCHASED USD / SOLD CAD                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-55601.43    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole CIB                             | PURCHASED USD / SOLD JPY                                            | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | N/A              | DFE              |  | US        |         1 | NC      | $43516.65     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole CIB                             | PURCHASED USD / SOLD JPY                                            | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | N/A              | DFE              |  | US        |         1 | NC      | $24.33        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                          | PURCHASED USD / SOLD JPY                                            | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $47273.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                          | PURCHASED USD / SOLD JPY                                            | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $72.77        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Driven Brands Funding, LLC                      | Driven Brands Funding LLC                                           | CUSIP: 26209XAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2890038 | PA      | $2803607.71   | 0.41%             | 2051-01-20      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                                  | EPR Properties                                                      | CUSIP: 26884UAC3<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              |  | US        |   5086000 | PA      | $5101913.84   | 0.75%             | 2026-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                  | Enterprise Fleet Financing 2024-2 LLC                               | CUSIP: 29375RAB2<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    947541 | PA      | $951008.23    | 0.14%             | 2026-12-20      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                     | Extended Stay America Trust 2025-ESH                                | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1920000 | PA      | $1925595.65   | 0.28%             | 2042-10-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                        | FHF Issuer Trust 2023-2                                             | CUSIP: 30333LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1335102 | PA      | $1345178.63   | 0.20%             | 2029-10-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                | Freddie Mac Strips                                                  | CUSIP: 3133Q3GP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1018642 | PA      | $1027435.03   | 0.15%             | 2053-10-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                   | CUSIP: 3136BR3E5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1481169 | PA      | $1490717.24   | 0.22%             | 2054-06-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                   | CUSIP: 3136BSFC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1239356 | PA      | $1244892.72   | 0.18%             | 2054-01-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                   | CUSIP: 3136BTUE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2274909 | PA      | $2292527.09   | 0.33%             | 2054-11-25      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                   | CUSIP: 3136BVYK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    776962 | PA      | $779618.31    | 0.11%             | 2054-06-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                   | CUSIP: 3136BWXU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3099999 | PA      | $3111647.38   | 0.45%             | 2055-08-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                   | CUSIP: 3136BXHG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2798383 | PA      | $2804336.41   | 0.41%             | 2055-09-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                   | CUSIP: 3136BYEL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1954000 | PA      | $1954977.49   | 0.29%             | 2054-11-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                  | CUSIP: 3137HBFP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1992182 | PA      | $2010649.08   | 0.29%             | 2054-01-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                  | CUSIP: 3137HCFS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1849608 | PA      | $1865631.81   | 0.27%             | 2054-04-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                  | CUSIP: 3137HCUE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3046514 | PA      | $3070072.28   | 0.45%             | 2054-05-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                  | CUSIP: 3137HCV82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2064882 | PA      | $2078931.06   | 0.30%             | 2054-05-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                  | CUSIP: 3137HFS63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1742711 | PA      | $1749113.19   | 0.26%             | 2054-10-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                  | CUSIP: 3137HFW84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2339479 | PA      | $2344544.18   | 0.34%             | 2054-10-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                  | CUSIP: 3137HHNE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3867301 | PA      | $3892319.09   | 0.57%             | 2054-12-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                  | CUSIP: 3137HJX44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3180281 | PA      | $3196639.00   | 0.47%             | 2055-02-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                  | CUSIP: 3137HKE42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1936036 | PA      | $1941988.98   | 0.28%             | 2055-03-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                  | CUSIP: 3137HKU51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2573255 | PA      | $2581446.86   | 0.38%             | 2055-03-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                  | CUSIP: 3137HMBS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2352985 | PA      | $2360160.89   | 0.34%             | 2055-07-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                   | CUSIP: 31395D6P9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    539137 | PA      | $536126.54    | 0.08%             | 2036-06-25      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                     | FIGRE Trust 2025-FL1                                                | CUSIP: 31684QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1287609 | PA      | $1297720.75   | 0.19%             | 2055-07-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                        | Ford Motor Credit Co LLC                                            | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4005000 | PA      | $4014215.79   | 0.59%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                        | Ford Motor Credit Co LLC                                            | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3225000 | PA      | $3243459.55   | 0.47%             | 2026-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                        | Ford Motor Credit Co LLC                                            | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2750190.52   | 0.40%             | 2026-01-08      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GLOBAL FUNDING                        | Fortitude Global Funding                                            | CUSIP: 34967GAA2<br>LEI: 635400TKBOGEHNO5RT68 | Long             | DBT              | CORP              | US        |   2355000 | PA      | $2358379.73   | 0.34%             | 2028-10-06      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2022-DNA2                             | CUSIP: 35564KRE1<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | USGSE             | US        |    899657 | PA      | $903961.00    | 0.13%             | 2042-02-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2022-HQA1                             | CUSIP: 35564KTA7<br>LEI: 5493000IRODEKU3J3Q16 | Long             | ABS-MBS          | USGSE             | US        |    275119 | PA      | $276710.73    | 0.04%             | 2042-03-25      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2024-DNA1                             | CUSIP: 35564NAX1<br>LEI: 529900N6M839KA246662 | Long             | ABS-MBS          | USGSE             | US        |   1603383 | PA      | $1610412.76   | 0.24%             | 2044-02-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2024-HQA1                             | CUSIP: 35564NBW2<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | USGSE             | US        |   5062465 | PA      | $5090942.48   | 0.74%             | 2044-03-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                         | GA Global Funding Trust                                             | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   1467000 | PA      | $1440796.17   | 0.21%             | 2027-01-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust               | GLS Auto Select Receivables Trust 2023-2                            | CUSIP: 36269EAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    309911 | PA      | $311348.50    | 0.05%             | 2028-06-15      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust             | GS Mortgage-Backed Securities Trust 2025-HE1                        | CUSIP: 36272NAA2<br>LEI: 254900RIVK2GCJ08H839 | Long             | ABS-O            | CORP              | US        |   1504322 | PA      | $1509011.99   | 0.22%             | 2055-10-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                          | General Motors Financial Co Inc                                     | CUSIP: 37045XDH6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    985000 | PA      | $949083.53    | 0.14%             | 2028-04-10      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                          | General Motors Financial Co Inc                                     | CUSIP: 37045XDR4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   3694000 | PA      | $3621476.51   | 0.53%             | 2027-02-26      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust               | GLS Auto Select Receivables Trust 2024-1                            | CUSIP: 37988XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1112564 | PA      | $1120208.15   | 0.16%             | 2030-03-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                          | Goldman Sachs Bank USA/New York NY                                  | CUSIP: 38151LAG5<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |  13159000 | PA      | $13229435.52  | 1.93%             | 2027-05-21      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association        | Government National Mortgage Association                            | CUSIP: 38377QWR4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    891431 | PA      | $886253.30    | 0.13%             | 2041-03-20      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association        | Government National Mortgage Association                            | CUSIP: 38381QF71<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1678789 | PA      | $1684977.49   | 0.25%             | 2065-08-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association        | Government National Mortgage Association                            | CUSIP: 38381UEK4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    608793 | PA      | $610122.99    | 0.09%             | 2055-06-20      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association        | Government National Mortgage Association                            | CUSIP: 38384CBT5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2980851 | PA      | $2986759.43   | 0.44%             | 2053-07-20      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association        | Government National Mortgage Association                            | CUSIP: 38384DGY7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    993495 | PA      | $998277.81    | 0.15%             | 2053-10-20      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association        | Government National Mortgage Association                            | CUSIP: 38384EDX0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1452430 | PA      | $1459228.89   | 0.21%             | 2053-08-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association        | Government National Mortgage Association                            | CUSIP: 38384JNF7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    942944 | PA      | $945260.35    | 0.14%             | 2054-02-20      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association        | Government National Mortgage Association                            | CUSIP: 38384KNV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1212961 | PA      | $1215376.86   | 0.18%             | 2054-03-20      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association        | Government National Mortgage Association                            | CUSIP: 38384VPZ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    683661 | PA      | $685299.98    | 0.10%             | 2054-10-20      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association        | Government National Mortgage Association                            | CUSIP: 38384W3E3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2238774 | PA      | $2247692.57   | 0.33%             | 2064-09-20      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association        | Government National Mortgage Association                            | CUSIP: 38385BAP5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1133495 | PA      | $1137387.89   | 0.17%             | 2054-12-20      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association        | Government National Mortgage Association                            | CUSIP: 38385BP53<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2482536 | PA      | $2495393.20   | 0.36%             | 2054-12-20      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| HCA INC                                         | HCA Inc                                                             | CUSIP: 404119BU2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3350000 | PA      | $3357781.48   | 0.49%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                         | HCA Inc                                                             | CUSIP: 40412DAD1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | STIV             | CORP              | US        |   3380000 | PA      | $3375119.96   | 0.49%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HLTN Commercial Mortgage Trust 2024-DPLO        | HLTN Commercial Mortgage Trust 2024-DPLO                            | CUSIP: 40424UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2625000 | PA      | $2633154.83   | 0.38%             | 2041-06-15      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                               | HSBC Holdings PLC                                                   | CUSIP: 404280BH1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3465000 | PA      | $3474113.02   | 0.51%             | 2026-11-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                          | HA Sustainable Infrastructure Capital Inc                           | CUSIP: 40460KAM6<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | STIV             | CORP              | US        |   4615000 | PA      | $4603309.28   | 0.67%             | 2026-01-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                          | HAT Holdings I LLC / HAT Holdings II LLC                            | CUSIP: 418751AD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    681000 | PA      | $631326.70    | 0.09%             | 2030-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| HAT HOLDINGS I LLC/HAT                          | HAT Holdings I LLC / HAT Holdings II LLC                            | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4775000 | PA      | $4745558.02   | 0.69%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HEXCEL CORP                                     | Hexcel Corp                                                         | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2246358.33   | 0.33%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                    | Hilton Grand Vacations Trust 2020-A                                 | CUSIP: 43285HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    264537 | PA      | $261253.84    | 0.04%             | 2039-02-25      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                         | Hyundai Capital America                                             | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   6510000 | PA      | $6583686.82   | 0.96%             | 2027-06-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                    | ING Groep NV                                                        | CUSIP: 456837BF9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   6350000 | PA      | $6435811.87   | 0.94%             | 2027-09-11      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                      | Intel Corp                                                          | CUSIP: 458140CD0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   3433000 | PA      | $3435295.82   | 0.50%             | 2026-02-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                             | Intesa Sanpaolo SpA                                                 | CUSIP: 46115HAW7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   6425000 | PA      | $6428206.97   | 0.94%             | 2026-01-15      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| INTOWN Mortgage Trust                           | INTOWN 2025-STAY Mortgage Trust                                     | CUSIP: 46117WAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2415000 | PA      | $2420405.25   | 0.35%             | 2042-03-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes                  | Chase Auto Credit Linked Notes Series 2025-1                        | CUSIP: 46591HCS7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2746917 | PA      | $2769229.56   | 0.40%             | 2033-02-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust 2024-HE2                                   | CUSIP: 46593HAA6<br>LEI: 529900ELA1S09AZO9Q54 | Long             | ABS-O            | CORP              | US        |    846830 | PA      | $847935.53    | 0.12%             | 2054-10-20      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust 2023-HE3                                   | CUSIP: 465985AA7<br>LEI: 5299007DSRZLE19EYU93 | Long             | ABS-O            | CORP              | US        |   1565553 | PA      | $1571808.60   | 0.23%             | 2054-05-20      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust   | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC       | CUSIP: 466330AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $900120.60    | 0.13%             | 2038-04-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                 | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   7125000 | PA      | $7105475.65   | 1.04%             | 2027-02-04      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                 | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3030000 | PA      | $3078459.85   | 0.45%             | 2027-10-22      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                       | Jabil Inc                                                           | CUSIP: 46652MA54<br>LEI: 5493000CGCQY2OQU7669 | Long             | STIV             | CORP              | US        |   3380000 | PA      | $3377945.30   | 0.49%             | 2026-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust 2023-HE2                                   | CUSIP: 46657FAA3<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-O            | CORP              | US        |   1576681 | PA      | $1583848.42   | 0.23%             | 2054-03-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust 2025-HE3                                   | CUSIP: 46660CAA5<br>LEI: 529900FDW9QWEZPAFE21 | Long             | ABS-O            | CORP              | US        |   1195696 | PA      | $1200914.44   | 0.18%             | 2056-03-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                         | Jefferies Financial Group Inc                                       | CUSIP: 47233WKM0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   3345000 | PA      | $3348063.72   | 0.49%             | 2026-08-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                         | Jefferies Financial Group Inc                                       | CUSIP: 47233WKS7<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   3715000 | PA      | $3715354.86   | 0.54%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Jersey Mike's Funding, LLC                      | Jersey Mike's Funding                                               | CUSIP: 476681AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1723750 | PA      | $1699914.33   | 0.25%             | 2052-02-15      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                            | Kyndryl Holdings Inc                                                | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   3253000 | PA      | $3200630.54   | 0.47%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                   | Lendbuzz Securitization Trust 2023-3                                | CUSIP: 525931AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2595031 | PA      | $2642338.66   | 0.39%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                   | Lendbuzz Securitization Trust 2024-1                                | CUSIP: 525935AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1474765 | PA      | $1483217.66   | 0.22%             | 2029-08-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                   | Lendbuzz Securitization Trust 2023-2                                | CUSIP: 52608MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240325 | PA      | $243524.40    | 0.04%             | 2028-10-16      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                   | Lendbuzz Securitization Trust 2024-3                                | CUSIP: 52609YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2101195 | PA      | $2102086.87   | 0.31%             | 2029-10-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL INSURANCE                        | Liberty Mutual Insurance Co                                         | CUSIP: 53079QAC1<br>LEI: CNC20I6IOMGF7KY49D67 | Long             | DBT              | CORP              | US        |   2780000 | PA      | $2850201.31   | 0.42%             | 2026-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MMP Capital                                     | MMP Capital 2025-A LLC                                              | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    867645 | PA      | $875809.05    | 0.13%             | 2031-12-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                                  | MVW 2020-1 LLC                                                      | CUSIP: 55400EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57714 | PA      | $56871.87     | 0.01%             | 2037-10-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                        | Morgan Stanley Institutional Liquidity Funds - Government Portfolio | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   5477977 | NS      | $5477976.73   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MAREX GROUP PLC                                 | Marex Group PLC                                                     | CUSIP: 566539AB8<br>LEI: 549300DWX0SVICJAL507 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2542780.50   | 0.37%             | 2028-05-08      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                          | Marlette Funding Trust 2024-1                                       | CUSIP: 57108VAC6<br>LEI: 549300JRCMNFIBT50883 | Long             | ABS-O            | CORP              | US        |   1840000 | PA      | $1864345.59   | 0.27%             | 2034-07-17      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Mercury Financial Credit Card Master Trust      | Mercury Financial Credit Card Master Trust                          | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2701000 | PA      | $2716305.76   | 0.40%             | 2029-07-20      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                  | NRG Energy Inc                                                      | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    525000 | PA      | $507805.84    | 0.07%             | 2027-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                         | National Bank of Canada                                             | CUSIP: 63307A3G8<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   5150000 | PA      | $5154941.89   | 0.75%             | 2027-03-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                             | NatWest Markets PLC                                                 | CUSIP: 63906YAT5<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   3460000 | PA      | $3470977.72   | 0.51%             | 2028-11-06      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Navistar Financial Dealer Note Master Trust     | Navistar Financial Dealer Note Master Owner Trust II 2025-1         | CUSIP: 63938PBZ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    672000 | PA      | $675194.69    | 0.10%             | 2030-09-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Newtek Small Business Loan Trust                | Newtek Small Business Loan Trust 2023-1                             | CUSIP: 65254RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1963522 | PA      | $1983150.08   | 0.29%             | 2050-07-25      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                          | NextEra Energy Capital Holdings Inc                                 | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   5176000 | PA      | $5240293.17   | 0.77%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust                        | NRTH Commercial Mortgage Trust 2025-PARK                            | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    440000 | PA      | $441048.87    | 0.06%             | 2040-10-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| ORL TRUST                                       | ORL Trust 2024-GLKS                                                 | CUSIP: 67120DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2452000 | PA      | $2458953.87   | 0.36%             | 2039-12-15      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                        | OBX 2025-HE1 Trust                                                  | CUSIP: 67121CAA4<br>LEI: 2549002GJHC7CO92J583 | Long             | ABS-O            | CORP              | US        |   2863930 | PA      | $2884771.05   | 0.42%             | 2055-02-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                        | Octane Receivables Trust 2023-1                                     | CUSIP: 67571BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       445 | PA      | $445.27       | 0.00%             | 2029-05-21      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                        | Octane Receivables Trust 2024-3                                     | CUSIP: 67571GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    402140 | PA      | $404470.06    | 0.06%             | 2030-05-20      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                        | Octane Receivables Trust 2024-2                                     | CUSIP: 67578YAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1763819 | PA      | $1778974.60   | 0.26%             | 2032-07-20      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Trust                        | Oceanview Mortgage Trust 2025-INV3                                  | CUSIP: 67648CAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4541323 | PA      | $4553447.16   | 0.66%             | 2055-05-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                | OneMain Financial Issuance Trust 2022-2                             | CUSIP: 68268VAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3450000 | PA      | $3461983.23   | 0.51%             | 2034-10-14      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                | OneMain Financial Issuance Trust 2021-1                             | CUSIP: 68269MAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1115000 | PA      | $1056870.92   | 0.15%             | 2036-06-16      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Open Text Corporation                           | Open Text Corporation 2023 Term Loan B                              | CUSIP: 68371YAP8<br>LEI: 549300HP7ONDQODZJV16 | Long             | LON              | CORP              | CA        |    658762 | PA      | $660082.67    | 0.10%             | 2030-01-31      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                             | Oportun Issuance Trust 2021-B                                       | CUSIP: 68377GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99338 | PA      | $97675.50     | 0.01%             | 2031-05-08      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                             | Oportun Funding Trust 2024-3                                        | CUSIP: 68377NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    824871 | PA      | $825214.17    | 0.12%             | 2029-08-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                     | Oracle Corp                                                         | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   5038000 | PA      | $4997629.85   | 0.73%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| OSCAR US Funding Trust                          | Oscar US Funding XVII LLC                                           | CUSIP: 68784BAB0<br>LEI: 353800UI8625NXT7ND41 | Long             | ABS-O            | CORP              | US        |   1987755 | PA      | $1988565.98   | 0.29%             | 2027-12-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                     | PNC Bank NA                                                         | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   6800000 | PA      | $6810940.72   | 0.99%             | 2027-05-13      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                  | PEAC Solutions Receivables 2024-2 LLC                               | CUSIP: 69392BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    974675 | PA      | $977028.46    | 0.14%             | 2027-04-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                  | PEAC Solutions Receivables 2024-1 LLC                               | CUSIP: 69433BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    859283 | PA      | $866196.15    | 0.13%             | 2027-06-21      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya Ai Debt Grantor Trust 2024-9                                 | CUSIP: 69546QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1174739 | PA      | $1178074.56   | 0.17%             | 2032-03-15      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Prodigy Finance Designated Activity Co          | Prodigy Finance CM2021-1 DAC                                        | CUSIP: 742855AA7<br>LEI: 635400HTAZNW3LYYMQ40 | Long             | ABS-O            | CORP              | IE        |   3136664 | PA      | $3131766.34   | 0.46%             | 2051-07-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| PRMI Securitization Trust                       | PRMI Securitization Trust 2025-CMG1                                 | CUSIP: 74291CAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1020000 | PA      | $1018650.85   | 0.15%             | 2055-12-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                          | Protective Life Global Funding                                      | CUSIP: 743672AE7<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   4050000 | PA      | $4054310.58   | 0.59%             | 2026-04-10      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| RCKT Trust                                      | RCKTL 2025-2                                                        | CUSIP: 74939HAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2561692 | PA      | $2564728.13   | 0.37%             | 2034-11-27      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                                   | Radnor RE 2023-1 Ltd                                                | CUSIP: 75050KAA4<br>LEI: 254900P3K895250PCC81 | Long             | ABS-MBS          | CORP              | BM        |    600251 | PA      | $603268.54    | 0.09%             | 2033-07-25      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                             | Reach ABS Trust 2024-2                                              | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    389399 | PA      | $391029.95    | 0.06%             | 2031-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                             | Reach ABS Trust 2025-1                                              | CUSIP: 75525PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    274739 | PA      | $275608.07    | 0.04%             | 2032-08-16      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                        | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                 | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2450442.35   | 0.36%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                            | Royal Bank of Canada                                                | CUSIP: 78016HZX1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   6575000 | PA      | $6612469.02   | 0.97%             | 2027-07-23      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust         | Saluda Grade Alternative Mortgage Trust 2025-LOC5                   | CUSIP: 79581XAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1975955 | PA      | $1980886.58   | 0.29%             | 2055-10-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes         | Santander Bank Auto Credit-Linked Notes Series 2023-A               | CUSIP: 80290CBY9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1407868.16   | 0.21%             | 2033-06-15      | Fixed         | 13.75%                | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes         | Santander Bank Auto Credit-Linked Notes Series 2025-A               | CUSIP: 80290CCR3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    988490 | PA      | $991425.82    | 0.14%             | 2034-01-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                 | Sealed Air Corp                                                     | CUSIP: 81211KAZ3<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    975000 | PA      | $954664.83    | 0.14%             | 2026-10-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Servpro Master Issuer, LLC                      | SERVPRO Master Issuer LLC                                           | CUSIP: 817743AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1418175 | PA      | $1342681.29   | 0.20%             | 2051-04-25      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                             | Silgan Holdings Inc                                                 | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |    342000 | PA      | $339134.44    | 0.05%             | 2026-04-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                        | Delta Air Lines Inc / SkyMiles IP Ltd                               | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   3300000 | PA      | $3320591.11   | 0.48%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                            | Smithfield Foods Inc                                                | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |   4593000 | PA      | $4578803.54   | 0.67%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                | Societe Generale SA                                                 | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2075000 | PA      | $2102385.91   | 0.31%             | 2028-01-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                | Societe Generale SA                                                 | CUSIP: 83368RBZ4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2050000 | PA      | $2073969.73   | 0.30%             | 2027-02-19      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                | SoFi Consumer Loan Program 2025-1 Trust                             | CUSIP: 83406YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1953086 | PA      | $1960706.74   | 0.29%             | 2034-02-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                | SoFi Consumer Loan Program 2025-2 Trust                             | CUSIP: 83407HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    761743 | PA      | $766337.32    | 0.11%             | 2034-06-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO                              | Sonoco Products Co                                                  | CUSIP: 835495AQ5<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    853000 | PA      | $854903.07    | 0.12%             | 2026-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Springcastle SPV                                | SpringCastle America Funding LLC                                    | CUSIP: 85022WAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    924630 | PA      | $874431.24    | 0.13%             | 2037-09-25      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LLC                 | Stack Infrastructure Issuer LLC                                     | CUSIP: 85236KAE2<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |   4719000 | PA      | $4684701.36   | 0.68%             | 2046-03-26      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                           | Stellantis Finance US Inc                                           | CUSIP: 85855CAA8<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |   2240000 | PA      | $2177958.79   | 0.32%             | 2027-01-29      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FINANCIAL SER                        | Stellantis Financial Services US Corp                               | CUSIP: 85855FAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1510819.70   | 0.22%             | 2028-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                  | TD SYNNEX Corp                                                      | CUSIP: 87162WAM2<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1597433.94   | 0.23%             | 2029-01-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                          | Taco Bell Funding LLC                                               | CUSIP: 87342RAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    538410 | PA      | $524827.75    | 0.08%             | 2051-08-25      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Tesla Lease Electric Vehicle Securitization LLC | Tesla Lease Electric Vehicle Securitization 2025-A LLC              | CUSIP: 88162VAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3355000 | PA      | $3362671.88   | 0.49%             | 2028-06-20      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust                           | Theorem Funding Trust 2022-3                                        | CUSIP: 882925AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3459620 | PA      | $3481083.05   | 0.51%             | 2029-04-15      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                           | Toronto-Dominion Bank/The                                           | CUSIP: 89115KAE0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   3465000 | PA      | $3474123.21   | 0.51%             | 2028-10-13      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                       | Towd Point Mortgage Trust 2025-HE2                                  | CUSIP: 89183PAA4<br>LEI: 254900HCCXAYNB40M417 | Long             | ABS-O            | CORP              | US        |   2186647 | PA      | $2192105.51   | 0.32%             | 2065-09-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Trans Union LLC                                 | Trans Union LLC 2024 Term Loan B9                                   | CUSIP: 89334GBG8<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |   1728191 | PA      | $1733418.40   | 0.25%             | 2031-06-24      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust              | Tricolor Auto Securitization Trust 2024-2                           | CUSIP: 89616PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    395658 | PA      | $381239.35    | 0.06%             | 2027-12-15      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust              | Tricolor Auto Securitization Trust 2024-3                           | CUSIP: 89617AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1309835 | PA      | $1201638.95   | 0.18%             | 2028-06-15      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                     | Truist Bank                                                         | CUSIP: 89788JAF6<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   4537000 | PA      | $4565968.97   | 0.67%             | 2028-07-24      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| Truist Bank Auto Credit-Linked Notes            | Truist Bank Auto Credit-Linked Notes Series 2025-1                  | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2399665 | PA      | $2404782.32   | 0.35%             | 2033-09-26      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| TX Trust 24-HOU                                 | TX Trust 2024-HOU                                                   | CUSIP: 90216DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2625000 | PA      | $2629898.25   | 0.38%             | 2039-06-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                    | UBS Group AG                                                        | CUSIP: 902613AH1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4273000 | PA      | $4205627.44   | 0.61%             | 2027-08-10      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                    | UBS Group AG                                                        | CUSIP: 902613AS7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    696000 | PA      | $698540.62    | 0.10%             | 2027-08-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                    | UBS Group AG                                                        | CUSIP: 902613AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    680000 | PA      | $680266.07    | 0.10%             | 2027-01-12      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| US BANK NA CINCINNATI                           | US Bank NA/Cincinnati OH                                            | CUSIP: 90331HPS6<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2293124.83   | 0.33%             | 2028-05-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Notes                                                 | CUSIP: 9128287B0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33930000 | PA      | $33663680.04  | 4.92%             | 2026-06-30      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Notes                                                 | CUSIP: 91282CEN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16900000 | PA      | $16738591.82  | 2.44%             | 2027-04-30      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                          | U.S. Treasury Notes                                                 | CUSIP: 91282CLS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  56587000 | PA      | $56833322.65  | 8.30%             | 2026-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Verdant Receivables LLC                         | Verdant Receivables 2025-1 LLC                                      | CUSIP: 92340GAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3834658 | PA      | $3853841.39   | 0.56%             | 2028-03-13      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                        | Volkswagen Group of America Finance LLC                             | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   5630000 | PA      | $5654061.83   | 0.83%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                                    | Vontier Corp                                                        | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |   6636000 | PA      | $6594394.20   | 0.96%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| CALVERT IMPACT CAPITAL NOTE                     | CALVERT IMPACT CAPITAL NOTE                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013860.00   | 0.15%             | 2028-12-15      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                           | Wells Fargo & Co                                                    | CUSIP: 95000U2F9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   8075000 | PA      | $8043593.18   | 1.17%             | 2027-06-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust           | Westlake Automobile Receivables Trust 2024-1                        | CUSIP: 96043RAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    488441 | PA      | $488726.49    | 0.07%             | 2027-05-17      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                 | Wingspire Equipment Finance 2024-1 LLC                              | CUSIP: 97415AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1010639 | PA      | $1016839.79   | 0.15%             | 2032-09-20      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC                 | Wingspire Equipment Finance 2025-1 LLC                              | CUSIP: 97415CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1130000 | PA      | $1132576.29   | 0.17%             | 2033-09-20      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| JAPAN TREASURY DISC BILL                        | Japan Treasury Discount Bill                                        | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | STIV             | NUSS              | JP        | 525000000 | PA      | $3350620.12   | 0.49%             | 2026-01-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JAPAN TREASURY DISC BILL                        | Japan Treasury Discount Bill                                        | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | STIV             | NUSS              | JP        | 535000000 | PA      | $3411040.66   | 0.50%             | 2026-03-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                          | US 5YR NOTE (CBT) MAR26                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -20 | NC      | $7934.34      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | US 2YR NOTE (CBT) MAR26                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -41 | NC      | $4736.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON Luxembourg SARL                            | ICON Luxembourg SARL 2024 LUX Term Loan B                           | CUSIP: 000000000<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | LU        |    432582 | PA      | $436840.38    | 0.06%             | 2028-07-03      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| PRA Health Sciences Inc                         | PRA Health Sciences Inc 2024 US Term Loan B                         | CUSIP: 000000000<br>LEI: 549300R1HR1VWWHIAK47 | Long             | LON              | CORP              | US        |    107778 | PA      | $108839.03    | 0.02%             | 2028-07-03      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

**Name of Applicant:** Calvert Fund

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer