# EDGAR Filing Document

**Accession Number:** 0000773757
**File Stem:** 0001145549-25-047823
**Filing Date:** 2025-7
**Character Count:** 1039074
**Document Hash:** c318f722a95d063f060950bc56a8711a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-047823.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001145549-25-047823

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLUMBIA FUNDS SERIES TRUST I
- **CENTRAL INDEX KEY:** 0000773757

**ORGANIZATION NAME:**
- **EIN:** 363376651
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04367
- **FILM NUMBER:** 251148823

**BUSINESS ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 800-345-6611

**MAIL ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COLUMBIA FUNDS TRUST IX
- **DATE OF NAME CHANGE:** 20031107

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIBERTY STEIN ROE FUNDS MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19991025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STEINROE MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Multi-Manager Alternative Strategies Fund (Series ID: S000036207)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000179757 | Multi-Manager Alternative Strategies Fund Institutional Class | CZAMX           |

## Nport-Ex

![](img6d1a9f6c1.jpg)

Multi-Manager Alternative Strategies Fund

**Third Quarter Report**

May 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Not FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

Consolidated Portfolio of Investments

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency 4.9%** | **Asset-Backed Securities - Non-Agency 4.9%** | **Asset-Backed Securities - Non-Agency 4.9%** | **Asset-Backed Securities - Non-Agency 4.9%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| AIMCO CLO<sup>(a),(b)</sup>  | AIMCO CLO<sup>(a),(b)</sup>  | AIMCO CLO<sup>(a),(b)</sup>  | AIMCO CLO<sup>(a),(b)</sup>  |
| Series 2015-ARRR Class BR3 | Series 2015-ARRR Class BR3 | Series 2015-ARRR Class BR3 | Series 2015-ARRR Class BR3 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>10/17/2034<br>| &nbsp;&nbsp; 5.980% | 525000 | &nbsp;&nbsp; 525291 |
| AIMCO CLO<sup>(a),(c)</sup>  | AIMCO CLO<sup>(a),(c)</sup>  | AIMCO CLO<sup>(a),(c)</sup>  | AIMCO CLO<sup>(a),(c)</sup>  |
| Subordinated Series 2017-AA Class SUB | Subordinated Series 2017-AA Class SUB | Subordinated Series 2017-AA Class SUB | Subordinated Series 2017-AA Class SUB |
| 04/20/2034 | &nbsp;&nbsp; 0.000% | 900000 | &nbsp;&nbsp; 538549 |
| AIMCO CLO Ltd.<sup>(a),(b)</sup>  | AIMCO CLO Ltd.<sup>(a),(b)</sup>  | AIMCO CLO Ltd.<sup>(a),(b)</sup>  | AIMCO CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2024-10A Class BRR | Series 2024-10A Class BRR | Series 2024-10A Class BRR | Series 2024-10A Class BRR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.750% <br>Floor 1.750% <br>07/22/2037<br>| &nbsp;&nbsp; 6.022% | 450000 | &nbsp;&nbsp; 451107 |
| Aligned Data Centers Issuer LLC<sup>(a)</sup>  | Aligned Data Centers Issuer LLC<sup>(a)</sup>  | Aligned Data Centers Issuer LLC<sup>(a)</sup>  | Aligned Data Centers Issuer LLC<sup>(a)</sup>  |
| Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 |
| 08/15/2046 | &nbsp;&nbsp; 1.937% | 388000 | &nbsp;&nbsp; 372862 |
| Allegro CLO Ltd.<sup>(a),(b)</sup>  | Allegro CLO Ltd.<sup>(a),(b)</sup>  | Allegro CLO Ltd.<sup>(a),(b)</sup>  | Allegro CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2016 Class C | Series 2016 Class C | Series 2016 Class C | Series 2016 Class C |
| &nbsp;&nbsp; 3-month Term SOFR + 2.700% <br>Floor 2.700% <br>04/25/2037<br>| &nbsp;&nbsp; 6.982% | 550000 | &nbsp;&nbsp; 554175 |
| Series 2024-2A Class B1 | Series 2024-2A Class B1 | Series 2024-2A Class B1 | Series 2024-2A Class B1 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.900% <br>Floor 1.900% <br>07/24/2037<br>| &nbsp;&nbsp; 6.175% | 500000 | &nbsp;&nbsp; 501266 |
| ALLO Issuer LLC<sup>(a)</sup>  | ALLO Issuer LLC<sup>(a)</sup>  | ALLO Issuer LLC<sup>(a)</sup>  | ALLO Issuer LLC<sup>(a)</sup>  |
| Series 2023-1A Class C | Series 2023-1A Class C | Series 2023-1A Class C | Series 2023-1A Class C |
| 06/20/2053 | &nbsp;&nbsp; 12.180% | 163000 | &nbsp;&nbsp; 175205 |
| Series 2024-1A Class C | Series 2024-1A Class C | Series 2024-1A Class C | Series 2024-1A Class C |
| 07/20/2054 | &nbsp;&nbsp; 11.190% | 342200 | &nbsp;&nbsp; 370236 |
| Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C |
| 04/20/2055 | &nbsp;&nbsp; 8.100% | 425000 | &nbsp;&nbsp; 427820 |
| AMMC CLO Ltd.<sup>(a),(b)</sup>  | AMMC CLO Ltd.<sup>(a),(b)</sup>  | AMMC CLO Ltd.<sup>(a),(b)</sup>  | AMMC CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2016-18A Class BR | Series 2016-18A Class BR | Series 2016-18A Class BR | Series 2016-18A Class BR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.862% <br>05/26/2031<br>| &nbsp;&nbsp; 6.191% | 600000 | &nbsp;&nbsp; 601675 |
| AutoNation Finance Trust<sup>(a)</sup>  | AutoNation Finance Trust<sup>(a)</sup>  | AutoNation Finance Trust<sup>(a)</sup>  | AutoNation Finance Trust<sup>(a)</sup>  |
| Series 202 Class C | Series 202 Class C | Series 202 Class C | Series 202 Class C |
| 12/10/2030 | &nbsp;&nbsp; 5.190% | 105000 | &nbsp;&nbsp; 105372 |
| Series 2025-1A Class D | Series 2025-1A Class D | Series 2025-1A Class D | Series 2025-1A Class D |
| 09/10/2032 | &nbsp;&nbsp; 5.630% | 65000 | &nbsp;&nbsp; 65228 |
| Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  |
| Series 2024-2A Class D | Series 2024-2A Class D | Series 2024-2A Class D | Series 2024-2A Class D |
| 10/20/2028 | &nbsp;&nbsp; 7.430% | 365000 | &nbsp;&nbsp; 365435 |
| Bayview Opportunity Master Fund VII<sup>(a),(b)</sup>  | Bayview Opportunity Master Fund VII<sup>(a),(b)</sup>  | Bayview Opportunity Master Fund VII<sup>(a),(b)</sup>  | Bayview Opportunity Master Fund VII<sup>(a),(b)</sup>  |
| Series 2024-EDU1 Class E | Series 2024-EDU1 Class E | Series 2024-EDU1 Class E | Series 2024-EDU1 Class E |
| &nbsp;&nbsp; 30-day Average SOFR + 3.500% <br>06/25/2047<br>| &nbsp;&nbsp; 7.822% | 451378 | &nbsp;&nbsp; 458374 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Bear Mountain Park CLO Ltd.<sup>(a),(b)</sup>  | Bear Mountain Park CLO Ltd.<sup>(a),(b)</sup>  | Bear Mountain Park CLO Ltd.<sup>(a),(b)</sup>  | Bear Mountain Park CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2022-1A Class BR | Series 2022-1A Class BR | Series 2022-1A Class BR | Series 2022-1A Class BR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.750% <br>Floor 1.750% <br>07/15/2037<br>| &nbsp;&nbsp; 6.006% | 500000 | &nbsp;&nbsp; 502000 |
| BlueMountain CLO Ltd.<sup>(a),(b)</sup>  | BlueMountain CLO Ltd.<sup>(a),(b)</sup>  | BlueMountain CLO Ltd.<sup>(a),(b)</sup>  | BlueMountain CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2016-3A Class BR | Series 2016-3A Class BR | Series 2016-3A Class BR | Series 2016-3A Class BR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.962% <br>Floor 1.700% <br>11/15/2030<br>| &nbsp;&nbsp; 6.288% | 525000 | &nbsp;&nbsp; 525793 |
| BlueMountain Fuji US CLO II Ltd.<sup>(a),(b)</sup>  | BlueMountain Fuji US CLO II Ltd.<sup>(a),(b)</sup>  | BlueMountain Fuji US CLO II Ltd.<sup>(a),(b)</sup>  | BlueMountain Fuji US CLO II Ltd.<sup>(a),(b)</sup>  |
| Series 2017-2A Class A2 | Series 2017-2A Class A2 | Series 2017-2A Class A2 | Series 2017-2A Class A2 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.862% <br>Floor 1.600% <br>10/20/2030<br>| &nbsp;&nbsp; 6.131% | 500000 | &nbsp;&nbsp; 500750 |
| Carvana Auto Receivables Trust<sup>(a),(d)</sup>  | Carvana Auto Receivables Trust<sup>(a),(d)</sup>  | Carvana Auto Receivables Trust<sup>(a),(d)</sup>  | Carvana Auto Receivables Trust<sup>(a),(d)</sup>  |
| Series 2023-N3 Class R | Series 2023-N3 Class R | Series 2023-N3 Class R | Series 2023-N3 Class R |
| 09/10/2030 | &nbsp;&nbsp; 0.000% | 2000 | &nbsp;&nbsp; 395146 |
| CIFC Funding Ltd.<sup>(a),(b)</sup>  | CIFC Funding Ltd.<sup>(a),(b)</sup>  | CIFC Funding Ltd.<sup>(a),(b)</sup>  | CIFC Funding Ltd.<sup>(a),(b)</sup>  |
| Series 2023-2A Class B | Series 2023-2A Class B | Series 2023-2A Class B | Series 2023-2A Class B |
| &nbsp;&nbsp; 3-month Term SOFR + 2.600% <br>Floor 2.600% <br>01/21/2037<br>| &nbsp;&nbsp; 6.870% | 450000 | &nbsp;&nbsp; 452489 |
| Cloud Capital Holdco LP<sup>(a)</sup>  | Cloud Capital Holdco LP<sup>(a)</sup>  | Cloud Capital Holdco LP<sup>(a)</sup>  | Cloud Capital Holdco LP<sup>(a)</sup>  |
| Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 |
| 11/22/2049 | &nbsp;&nbsp; 5.781% | 270000 | &nbsp;&nbsp; 270818 |
| Conseco Finance Securitizations Corp.<sup>(b)</sup>  | Conseco Finance Securitizations Corp.<sup>(b)</sup>  | Conseco Finance Securitizations Corp.<sup>(b)</sup>  | Conseco Finance Securitizations Corp.<sup>(b)</sup>  |
| Series 2001-4 Class M1 | Series 2001-4 Class M1 | Series 2001-4 Class M1 | Series 2001-4 Class M1 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.864% <br>Floor 1.750%, Cap 15.000% <br>09/01/2033<br>| &nbsp;&nbsp; 6.189% | 173673 | &nbsp;&nbsp; 173570 |
| Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(a)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(a)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(a)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(a)</sup>  |
| Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C |
| 05/20/2055 | &nbsp;&nbsp; 9.408% | 420000 | &nbsp;&nbsp; 434224 |
| DataBank Issuer LLC<sup>(a)</sup>  | DataBank Issuer LLC<sup>(a)</sup>  | DataBank Issuer LLC<sup>(a)</sup>  | DataBank Issuer LLC<sup>(a)</sup>  |
| Series 2023-1 Class A2 | Series 2023-1 Class A2 | Series 2023-1 Class A2 | Series 2023-1 Class A2 |
| 02/25/2053 | &nbsp;&nbsp; 5.116% | 230000 | &nbsp;&nbsp; 227151 |
| DB Master Finance LLC<sup>(a)</sup>  | DB Master Finance LLC<sup>(a)</sup>  | DB Master Finance LLC<sup>(a)</sup>  | DB Master Finance LLC<sup>(a)</sup>  |
| Series 2019-1A Class A2II | Series 2019-1A Class A2II | Series 2019-1A Class A2II | Series 2019-1A Class A2II |
| 05/20/2049 | &nbsp;&nbsp; 4.021% | 179075 | &nbsp;&nbsp; 177656 |
| Elmwood CLO Ltd.<sup>(a),(b)</sup>  | Elmwood CLO Ltd.<sup>(a),(b)</sup>  | Elmwood CLO Ltd.<sup>(a),(b)</sup>  | Elmwood CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2024-6A Class B | Series 2024-6A Class B | Series 2024-6A Class B | Series 2024-6A Class B |
| &nbsp;&nbsp; 3-month Term SOFR + 1.750% <br>Floor 1.750% <br>07/17/2037<br>| &nbsp;&nbsp; 6.030% | 500000 | &nbsp;&nbsp; 500981 |
| Flexential Issuer<sup>(a)</sup>  | Flexential Issuer<sup>(a)</sup>  | Flexential Issuer<sup>(a)</sup>  | Flexential Issuer<sup>(a)</sup>  |
| Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 |
| 11/27/2051 | &nbsp;&nbsp; 3.250% | 430000 | &nbsp;&nbsp; 412942 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Hertz Vehicle Financing III LLC<sup>(a)</sup>  | Hertz Vehicle Financing III LLC<sup>(a)</sup>  | Hertz Vehicle Financing III LLC<sup>(a)</sup>  | Hertz Vehicle Financing III LLC<sup>(a)</sup>  |
| Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C |
| 06/25/2027 | &nbsp;&nbsp; 6.910% | 650000 | &nbsp;&nbsp; 653813 |
| Hotwire Funding LLC<sup>(a)</sup>  | Hotwire Funding LLC<sup>(a)</sup>  | Hotwire Funding LLC<sup>(a)</sup>  | Hotwire Funding LLC<sup>(a)</sup>  |
| Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 |
| 06/20/2054 | &nbsp;&nbsp; 5.893% | 235000 | &nbsp;&nbsp; 237841 |
| Huntington Bank Auto Credit-Linked Notes<sup>(a),(b)</sup>  | Huntington Bank Auto Credit-Linked Notes<sup>(a),(b)</sup>  | Huntington Bank Auto Credit-Linked Notes<sup>(a),(b)</sup>  | Huntington Bank Auto Credit-Linked Notes<sup>(a),(b)</sup>  |
| Subordinated Series 2024-2 Class C | Subordinated Series 2024-2 Class C | Subordinated Series 2024-2 Class C | Subordinated Series 2024-2 Class C |
| &nbsp;&nbsp; 30-day Average SOFR + 2.600% <br>10/20/2032<br>| &nbsp;&nbsp; 6.944% | 369696 | &nbsp;&nbsp; 370868 |
| Invesco US CLO Ltd.<sup>(a),(c)</sup>  | Invesco US CLO Ltd.<sup>(a),(c)</sup>  | Invesco US CLO Ltd.<sup>(a),(c)</sup>  | Invesco US CLO Ltd.<sup>(a),(c)</sup>  |
| Series 2024-4 Class Y | Series 2024-4 Class Y | Series 2024-4 Class Y | Series 2024-4 Class Y |
| 01/15/2038 | &nbsp;&nbsp; 3.000% | 600000 | &nbsp;&nbsp; 15043 |
| Subordinated Series 2024-4 | Subordinated Series 2024-4 | Subordinated Series 2024-4 | Subordinated Series 2024-4 |
| 01/15/2038 | &nbsp;&nbsp; 3.000% | 600000 | &nbsp;&nbsp; 469268 |
| J.G. Wentworth XXXVII LLC<sup>(a)</sup>  | J.G. Wentworth XXXVII LLC<sup>(a)</sup>  | J.G. Wentworth XXXVII LLC<sup>(a)</sup>  | J.G. Wentworth XXXVII LLC<sup>(a)</sup>  |
| Subordinated Series 2016-1A Class B | Subordinated Series 2016-1A Class B | Subordinated Series 2016-1A Class B | Subordinated Series 2016-1A Class B |
| 06/17/2069 | &nbsp;&nbsp; 5.190% | 551324 | &nbsp;&nbsp; 504986 |
| Jersey Mike's Funding LLC<sup>(a)</sup>  | Jersey Mike's Funding LLC<sup>(a)</sup>  | Jersey Mike's Funding LLC<sup>(a)</sup>  | Jersey Mike's Funding LLC<sup>(a)</sup>  |
| Series 2024-1 Class A2 | Series 2024-1 Class A2 | Series 2024-1 Class A2 | Series 2024-1 Class A2 |
| 02/15/2055 | &nbsp;&nbsp; 5.636% | 354113 | &nbsp;&nbsp; 350500 |
| JG Wentworth XXII LLC<sup>(a)</sup>  | JG Wentworth XXII LLC<sup>(a)</sup>  | JG Wentworth XXII LLC<sup>(a)</sup>  | JG Wentworth XXII LLC<sup>(a)</sup>  |
| Series 2010-3A Class A | Series 2010-3A Class A | Series 2010-3A Class A | Series 2010-3A Class A |
| 12/15/2048 | &nbsp;&nbsp; 3.820% | 105491 | &nbsp;&nbsp; 104151 |
| LAD Auto Receivables Trust<sup>(a)</sup>  | LAD Auto Receivables Trust<sup>(a)</sup>  | LAD Auto Receivables Trust<sup>(a)</sup>  | LAD Auto Receivables Trust<sup>(a)</sup>  |
| Subordinated Series 2023-2A Class D | Subordinated Series 2023-2A Class D | Subordinated Series 2023-2A Class D | Subordinated Series 2023-2A Class D |
| 02/15/2031 | &nbsp;&nbsp; 6.300% | 550000 | &nbsp;&nbsp; 562359 |
| LCM Ltd.<sup>(a),(b)</sup>  | LCM Ltd.<sup>(a),(b)</sup>  | LCM Ltd.<sup>(a),(b)</sup>  | LCM Ltd.<sup>(a),(b)</sup>  |
| Series 37A Class CR | Series 37A Class CR | Series 37A Class CR | Series 37A Class CR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.900% <br>Floor 1.900% <br>04/15/2034<br>| &nbsp;&nbsp; 6.156% | 525000 | &nbsp;&nbsp; 522798 |
| Magnetite Xlii Ltd.<sup>(a),(c)</sup>  | Magnetite Xlii Ltd.<sup>(a),(c)</sup>  | Magnetite Xlii Ltd.<sup>(a),(c)</sup>  | Magnetite Xlii Ltd.<sup>(a),(c)</sup>  |
| Series 2024-42A Class | Series 2024-42A Class | Series 2024-42A Class | Series 2024-42A Class |
| 01/25/2038 | &nbsp;&nbsp; 3.000% | 450000 | &nbsp;&nbsp; 431138 |
| MetroNet Infrastructure Issuer LLC<sup>(a)</sup>  | MetroNet Infrastructure Issuer LLC<sup>(a)</sup>  | MetroNet Infrastructure Issuer LLC<sup>(a)</sup>  | MetroNet Infrastructure Issuer LLC<sup>(a)</sup>  |
| Series 2024-1A Class B | Series 2024-1A Class B | Series 2024-1A Class B | Series 2024-1A Class B |
| 04/20/2054 | &nbsp;&nbsp; 7.590% | 475000 | &nbsp;&nbsp; 489769 |
| OCCU Auto Receivables Trust<sup>(a)</sup>  | OCCU Auto Receivables Trust<sup>(a)</sup>  | OCCU Auto Receivables Trust<sup>(a)</sup>  | OCCU Auto Receivables Trust<sup>(a)</sup>  |
| Series 2022-1 Class A3 | Series 2022-1 Class A3 | Series 2022-1 Class A3 | Series 2022-1 Class A3 |
| 10/15/2027 | &nbsp;&nbsp; 5.500% | 142493 | &nbsp;&nbsp; 142733 |
| OHA Credit Funding Ltd.<sup>(a),(b)</sup>  | OHA Credit Funding Ltd.<sup>(a),(b)</sup>  | OHA Credit Funding Ltd.<sup>(a),(b)</sup>  | OHA Credit Funding Ltd.<sup>(a),(b)</sup>  |
| Series 2020-7A Class AR | Series 2020-7A Class AR | Series 2020-7A Class AR | Series 2020-7A Class AR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.300% <br>Floor 1.300% <br>02/24/2037<br>| &nbsp;&nbsp; 5.570% | 475000 | &nbsp;&nbsp; 475199 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Palmer Square CLO Ltd.<sup>(a),(b)</sup>  | Palmer Square CLO Ltd.<sup>(a),(b)</sup>  | Palmer Square CLO Ltd.<sup>(a),(b)</sup>  | Palmer Square CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2015-1A Class BR5 | Series 2015-1A Class BR5 | Series 2015-1A Class BR5 | Series 2015-1A Class BR5 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.900% <br>Floor 1.900% <br>05/21/2034<br>| &nbsp;&nbsp; 6.226% | 510000 | &nbsp;&nbsp; 510478 |
| Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 |
| &nbsp;&nbsp; 3-month Term SOFR + 2.012% <br>Floor 1.750% <br>01/20/2034<br>| &nbsp;&nbsp; 6.281% | 250000 | &nbsp;&nbsp; 250172 |
| Rad CLO Ltd.<sup>(a),(b)</sup>  | Rad CLO Ltd.<sup>(a),(b)</sup>  | Rad CLO Ltd.<sup>(a),(b)</sup>  | Rad CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2023-22A Class D | Series 2023-22A Class D | Series 2023-22A Class D | Series 2023-22A Class D |
| &nbsp;&nbsp; 3-month Term SOFR + 5.000% <br>Floor 5.000% <br>01/20/2037<br>| &nbsp;&nbsp; 9.270% | 250000 | &nbsp;&nbsp; 252755 |
| Series 2024-7A Class B1R | Series 2024-7A Class B1R | Series 2024-7A Class B1R | Series 2024-7A Class B1R |
| &nbsp;&nbsp; 3-month Term SOFR + 1.900% <br>Floor 1.900% <br>04/17/2036<br>| &nbsp;&nbsp; 6.180% | 500000 | &nbsp;&nbsp; 500763 |
| Rockford Tower CLO Ltd.<sup>(a),(b)</sup>  | Rockford Tower CLO Ltd.<sup>(a),(b)</sup>  | Rockford Tower CLO Ltd.<sup>(a),(b)</sup>  | Rockford Tower CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2017-3A Class B | Series 2017-3A Class B | Series 2017-3A Class B | Series 2017-3A Class B |
| &nbsp;&nbsp; 3-month Term SOFR + 1.732% <br>Floor 1.470% <br>10/20/2030<br>| &nbsp;&nbsp; 6.001% | 450000 | &nbsp;&nbsp; 450471 |
| Series 2021-1A Class B | Series 2021-1A Class B | Series 2021-1A Class B | Series 2021-1A Class B |
| &nbsp;&nbsp; 3-month Term SOFR + 1.912% <br>Floor 1.650% <br>07/20/2034<br>| &nbsp;&nbsp; 6.181% | 448279 | &nbsp;&nbsp; 448606 |
| SLM Student Loan Trust<sup>(b)</sup>  | SLM Student Loan Trust<sup>(b)</sup>  | SLM Student Loan Trust<sup>(b)</sup>  | SLM Student Loan Trust<sup>(b)</sup>  |
| Series 2008-2 Class B | Series 2008-2 Class B | Series 2008-2 Class B | Series 2008-2 Class B |
| &nbsp;&nbsp; 90-day Average SOFR + 1.462% <br>Floor 1.200% <br>01/25/2083<br>| &nbsp;&nbsp; 5.825% | 740000 | &nbsp;&nbsp; 755468 |
| Series 2008-4 Class A4 | Series 2008-4 Class A4 | Series 2008-4 Class A4 | Series 2008-4 Class A4 |
| &nbsp;&nbsp; 90-day Average SOFR + 1.912% <br>Floor 1.650% <br>07/25/2026<br>| &nbsp;&nbsp; 6.275% | 117000 | &nbsp;&nbsp; 117271 |
| Series 2008-7 Class B | Series 2008-7 Class B | Series 2008-7 Class B | Series 2008-7 Class B |
| &nbsp;&nbsp; 90-day Average SOFR + 2.112% <br>Floor 1.850% <br>07/26/2083<br>| &nbsp;&nbsp; 6.475% | 500000 | &nbsp;&nbsp; 504479 |
| Series 2012-1 Class A3 | Series 2012-1 Class A3 | Series 2012-1 Class A3 | Series 2012-1 Class A3 |
| &nbsp;&nbsp; 30-day Average SOFR + 1.064% <br>Floor 0.950% <br>09/25/2028<br>| &nbsp;&nbsp; 5.387% | 227520 | &nbsp;&nbsp; 223505 |
| Subordinated Series 2004-10 Class B | Subordinated Series 2004-10 Class B | Subordinated Series 2004-10 Class B | Subordinated Series 2004-10 Class B |
| &nbsp;&nbsp; 90-day Average SOFR + 0.632% <br>Floor 0.370% <br>01/25/2040<br>| &nbsp;&nbsp; 4.995% | 212145 | &nbsp;&nbsp; 200519 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated Series 2012-7 Class B | Subordinated Series 2012-7 Class B | Subordinated Series 2012-7 Class B | Subordinated Series 2012-7 Class B |
| &nbsp;&nbsp; 30-day Average SOFR + 1.914% <br>Floor 1.800% <br>09/25/2043<br>| &nbsp;&nbsp; 6.237% | 550000 | &nbsp;&nbsp; 539274 |
| Switch ABS Issuer LLC<sup>(a)</sup>  | Switch ABS Issuer LLC<sup>(a)</sup>  | Switch ABS Issuer LLC<sup>(a)</sup>  | Switch ABS Issuer LLC<sup>(a)</sup>  |
| Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 |
| 06/25/2054 | &nbsp;&nbsp; 5.436% | 500000 | &nbsp;&nbsp; 499028 |
| Taco Bell Funding LLC<sup>(a)</sup>  | Taco Bell Funding LLC<sup>(a)</sup>  | Taco Bell Funding LLC<sup>(a)</sup>  | Taco Bell Funding LLC<sup>(a)</sup>  |
| Series 2016-1A Class A23 | Series 2016-1A Class A23 | Series 2016-1A Class A23 | Series 2016-1A Class A23 |
| 05/25/2046 | &nbsp;&nbsp; 4.970% | 553125 | &nbsp;&nbsp; 551968 |
| TAL Advantage VII LLC<sup>(a)</sup>  | TAL Advantage VII LLC<sup>(a)</sup>  | TAL Advantage VII LLC<sup>(a)</sup>  | TAL Advantage VII LLC<sup>(a)</sup>  |
| Series 2020-1A Class A | Series 2020-1A Class A | Series 2020-1A Class A | Series 2020-1A Class A |
| 09/20/2045 | &nbsp;&nbsp; 2.050% | 234600 | &nbsp;&nbsp; 219782 |
| Textainer Marine Containers VII Ltd.<sup>(a)</sup>  | Textainer Marine Containers VII Ltd.<sup>(a)</sup>  | Textainer Marine Containers VII Ltd.<sup>(a)</sup>  | Textainer Marine Containers VII Ltd.<sup>(a)</sup>  |
| Series 2021-2A Class A | Series 2021-2A Class A | Series 2021-2A Class A | Series 2021-2A Class A |
| 04/20/2046 | &nbsp;&nbsp; 2.230% | 521833 | &nbsp;&nbsp; 481626 |
| Textainer Marine Containers VIII Ltd.<sup>(a)</sup>  | Textainer Marine Containers VIII Ltd.<sup>(a)</sup>  | Textainer Marine Containers VIII Ltd.<sup>(a)</sup>  | Textainer Marine Containers VIII Ltd.<sup>(a)</sup>  |
| Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A |
| 09/20/2045 | &nbsp;&nbsp; 2.100% | 170108 | &nbsp;&nbsp; 157855 |
| Series 2020-3A Class A | Series 2020-3A Class A | Series 2020-3A Class A | Series 2020-3A Class A |
| 09/20/2045 | &nbsp;&nbsp; 2.110% | 207120 | &nbsp;&nbsp; 192755 |
| Tif Funding II LLC<sup>(a)</sup>  | Tif Funding II LLC<sup>(a)</sup>  | Tif Funding II LLC<sup>(a)</sup>  | Tif Funding II LLC<sup>(a)</sup>  |
| Series 2020-1A Class A | Series 2020-1A Class A | Series 2020-1A Class A | Series 2020-1A Class A |
| 08/20/2045 | &nbsp;&nbsp; 2.090% | 137500 | &nbsp;&nbsp; 128428 |
| T-Mobile US Trust<sup>(a)</sup>  | T-Mobile US Trust<sup>(a)</sup>  | T-Mobile US Trust<sup>(a)</sup>  | T-Mobile US Trust<sup>(a)</sup>  |
| Series 2022-1A Class A | Series 2022-1A Class A | Series 2022-1A Class A | Series 2022-1A Class A |
| 05/22/2028 | &nbsp;&nbsp; 4.910% | 158622 | &nbsp;&nbsp; 158696 |
| Vantage Data Centers LLC<sup>(a)</sup>  | Vantage Data Centers LLC<sup>(a)</sup>  | Vantage Data Centers LLC<sup>(a)</sup>  | Vantage Data Centers LLC<sup>(a)</sup>  |
| Series 2020-1A Class A2 | Series 2020-1A Class A2 | Series 2020-1A Class A2 | Series 2020-1A Class A2 |
| 09/15/2045 | &nbsp;&nbsp; 1.645% | 395000 | &nbsp;&nbsp; 390979 |
| Zayo Issuer LLC<sup>(a)</sup>  | Zayo Issuer LLC<sup>(a)</sup>  | Zayo Issuer LLC<sup>(a)</sup>  | Zayo Issuer LLC<sup>(a)</sup>  |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 03/20/2055 | &nbsp;&nbsp; 5.648% | 270000 | &nbsp;&nbsp; 270855 |
| Ziply Fiber Issuer LLC<sup>(a)</sup>  | Ziply Fiber Issuer LLC<sup>(a)</sup>  | Ziply Fiber Issuer LLC<sup>(a)</sup>  | Ziply Fiber Issuer LLC<sup>(a)</sup>  |
| Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B |
| 04/20/2054 | &nbsp;&nbsp; 7.810% | 400000 | &nbsp;&nbsp; 414473 |
| &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $23,361,055) | &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $23,361,055) | &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $23,361,055) | &nbsp;&nbsp; **23636787** |
| **Commercial Mortgage-Backed Securities - Agency 0.2%** | **Commercial Mortgage-Backed Securities - Agency 0.2%** | **Commercial Mortgage-Backed Securities - Agency 0.2%** | **Commercial Mortgage-Backed Securities - Agency 0.2%** |
| Federal Home Loan Mortgage Corp. Multifamily Pass-Through REMIC Trust<sup>(c),(e)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Pass-Through REMIC Trust<sup>(c),(e)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Pass-Through REMIC Trust<sup>(c),(e)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Pass-Through REMIC Trust<sup>(c),(e)</sup>  |
| Series 2019-P002 Class X | Series 2019-P002 Class X | Series 2019-P002 Class X | Series 2019-P002 Class X |
| 07/25/2033 | &nbsp;&nbsp; 1.014% | 705000 | &nbsp;&nbsp; 38577 |
| &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(c),(e)</sup>  | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(c),(e)</sup>  | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(c),(e)</sup>  | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(c),(e)</sup>  |
| CMO Series K057 Class X1 | CMO Series K057 Class X1 | CMO Series K057 Class X1 | CMO Series K057 Class X1 |
| 07/25/2026 | &nbsp;&nbsp; 1.146% | 4905074 | &nbsp;&nbsp; 44512 |
| Series 2018-K732 Class X3 | Series 2018-K732 Class X3 | Series 2018-K732 Class X3 | Series 2018-K732 Class X3 |
| 05/25/2046 | &nbsp;&nbsp; 2.200% | 1214737 | &nbsp;&nbsp; 7572 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series K051 Class X3 | Series K051 Class X3 | Series K051 Class X3 | Series K051 Class X3 |
| 10/25/2043 | &nbsp;&nbsp; 1.619% | 2099984 | &nbsp;&nbsp; 11383 |
| Series K060 Class X3 | Series K060 Class X3 | Series K060 Class X3 | Series K060 Class X3 |
| 12/25/2044 | &nbsp;&nbsp; 1.897% | 1349985 | &nbsp;&nbsp; 33327 |
| Series KC07 Class X1 | Series KC07 Class X1 | Series KC07 Class X1 | Series KC07 Class X1 |
| 09/25/2026 | &nbsp;&nbsp; 0.728% | 3307475 | &nbsp;&nbsp; 20901 |
| Series KL05 Class X1HG | Series KL05 Class X1HG | Series KL05 Class X1HG | Series KL05 Class X1HG |
| 12/25/2027 | &nbsp;&nbsp; 1.223% | 2400000 | &nbsp;&nbsp; 66016 |
| Series KLU3 Class X1 | Series KLU3 Class X1 | Series KLU3 Class X1 | Series KLU3 Class X1 |
| 01/25/2031 | &nbsp;&nbsp; 1.930% | 1560161 | &nbsp;&nbsp; 119092 |
| Series KS06 Class X | Series KS06 Class X | Series KS06 Class X | Series KS06 Class X |
| 08/25/2026 | &nbsp;&nbsp; 0.942% | 2097950 | &nbsp;&nbsp; 10821 |
| Series Q004 Class XFL | Series Q004 Class XFL | Series Q004 Class XFL | Series Q004 Class XFL |
| 05/25/2044 | &nbsp;&nbsp; 1.173% | 1071296 | &nbsp;&nbsp; 40945 |
| Federal National Mortgage Association<sup>(c),(e)</sup>  | Federal National Mortgage Association<sup>(c),(e)</sup>  | Federal National Mortgage Association<sup>(c),(e)</sup>  | Federal National Mortgage Association<sup>(c),(e)</sup>  |
| Series 2016-M11B Class X2 | Series 2016-M11B Class X2 | Series 2016-M11B Class X2 | Series 2016-M11B Class X2 |
| 07/25/2039 | &nbsp;&nbsp; 3.055% | 388329 | &nbsp;&nbsp; 5434 |
| Series 2016-M4 Class X2 | Series 2016-M4 Class X2 | Series 2016-M4 Class X2 | Series 2016-M4 Class X2 |
| 01/25/2039 | &nbsp;&nbsp; 2.700% | 262778 | &nbsp;&nbsp; 9783 |
| Series 2019-M29 Class X4 | Series 2019-M29 Class X4 | Series 2019-M29 Class X4 | Series 2019-M29 Class X4 |
| 03/25/2029 | &nbsp;&nbsp; 0.700% | 4300000 | &nbsp;&nbsp; 93500 |
| Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(c),(e)</sup>  | Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(c),(e)</sup>  | Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(c),(e)</sup>  | Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(c),(e)</sup>  |
| Series K096 Class X3 (FHLMC) | Series K096 Class X3 (FHLMC) | Series K096 Class X3 (FHLMC) | Series K096 Class X3 (FHLMC) |
| 07/25/2029 | &nbsp;&nbsp; 2.042% | 3390000 | &nbsp;&nbsp; 237325 |
| FREMF Mortgage Trust<sup>(a),(b)</sup>  | FREMF Mortgage Trust<sup>(a),(b)</sup>  | FREMF Mortgage Trust<sup>(a),(b)</sup>  | FREMF Mortgage Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2019-KF71 Class B | Subordinated Series 2019-KF71 Class B | Subordinated Series 2019-KF71 Class B | Subordinated Series 2019-KF71 Class B |
| &nbsp;&nbsp; 30-day Average SOFR + 2.414% <br>Floor 2.300% <br>10/25/2029<br>| &nbsp;&nbsp; 6.765% | 281769 | &nbsp;&nbsp; 262231 |
| Government National Mortgage Association<sup>(c),(e)</sup>  | Government National Mortgage Association<sup>(c),(e)</sup>  | Government National Mortgage Association<sup>(c),(e)</sup>  | Government National Mortgage Association<sup>(c),(e)</sup>  |
| CMO Series 2014-103 Class IO | CMO Series 2014-103 Class IO | CMO Series 2014-103 Class IO | CMO Series 2014-103 Class IO |
| 05/16/2055 | &nbsp;&nbsp; 0.187% | 1006104 | &nbsp;&nbsp; 4975 |
| Series 2012-4 Class IO | Series 2012-4 Class IO | Series 2012-4 Class IO | Series 2012-4 Class IO |
| 05/16/2052 | &nbsp;&nbsp; 0.000% | 1329108 | &nbsp;&nbsp; 13 |
| &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Agency <br>(Cost $1,395,465) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Agency <br>(Cost $1,395,465) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Agency <br>(Cost $1,395,465) | &nbsp;&nbsp; **1006407** |
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **7.4%** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **7.4%** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **7.4%** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **7.4%** |
| 1211 Avenue of the Americas Trust<sup>(a),(c)</sup>  | 1211 Avenue of the Americas Trust<sup>(a),(c)</sup>  | 1211 Avenue of the Americas Trust<sup>(a),(c)</sup>  | 1211 Avenue of the Americas Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2015-1211 Class B | Subordinated Series 2015-1211 Class B | Subordinated Series 2015-1211 Class B | Subordinated Series 2015-1211 Class B |
| 08/10/2035 | &nbsp;&nbsp; 4.092% | 380000 | &nbsp;&nbsp; 359456 |
| 225 Liberty Street Trust<sup>(a),(c),(e)</sup>  | 225 Liberty Street Trust<sup>(a),(c),(e)</sup>  | 225 Liberty Street Trust<sup>(a),(c),(e)</sup>  | 225 Liberty Street Trust<sup>(a),(c),(e)</sup>  |
| Series 2016-225L Class X | Series 2016-225L Class X | Series 2016-225L Class X | Series 2016-225L Class X |
| 02/10/2036 | &nbsp;&nbsp; 0.875% | 5000000 | &nbsp;&nbsp; 12261 |
| 245 Park Avenue Trust<sup>(a)</sup>  | 245 Park Avenue Trust<sup>(a)</sup>  | 245 Park Avenue Trust<sup>(a)</sup>  | 245 Park Avenue Trust<sup>(a)</sup>  |
| Series 2017-245P Class A | Series 2017-245P Class A | Series 2017-245P Class A | Series 2017-245P Class A |
| 06/05/2037 | &nbsp;&nbsp; 3.508% | 288000 | &nbsp;&nbsp; 278387 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 245 Park Avenue Trust<sup>(a),(c)</sup>  | 245 Park Avenue Trust<sup>(a),(c)</sup>  | 245 Park Avenue Trust<sup>(a),(c)</sup>  | 245 Park Avenue Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2017-245P Class E | Subordinated Series 2017-245P Class E | Subordinated Series 2017-245P Class E | Subordinated Series 2017-245P Class E |
| 06/05/2037 | &nbsp;&nbsp; 3.657% | 550000 | &nbsp;&nbsp; 511127 |
| AMSR Trust<sup>(a)</sup>  | AMSR Trust<sup>(a)</sup>  | AMSR Trust<sup>(a)</sup>  | AMSR Trust<sup>(a)</sup>  |
| Subordinated Series 2020-SFR3 Class H | Subordinated Series 2020-SFR3 Class H | Subordinated Series 2020-SFR3 Class H | Subordinated Series 2020-SFR3 Class H |
| 09/17/2037 | &nbsp;&nbsp; 6.500% | 800000 | &nbsp;&nbsp; 798021 |
| BAMLL Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | BAMLL Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | BAMLL Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | BAMLL Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  |
| Series 2018-PARK Class A | Series 2018-PARK Class A | Series 2018-PARK Class A | Series 2018-PARK Class A |
| 08/10/2038 | &nbsp;&nbsp; 4.091% | 95000 | &nbsp;&nbsp; 91762 |
| BBCMS Trust<sup>(a),(c)</sup>  | BBCMS Trust<sup>(a),(c)</sup>  | BBCMS Trust<sup>(a),(c)</sup>  | BBCMS Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2015-SRCH Class D | Subordinated Series 2015-SRCH Class D | Subordinated Series 2015-SRCH Class D | Subordinated Series 2015-SRCH Class D |
| 08/10/2035 | &nbsp;&nbsp; 4.957% | 450000 | &nbsp;&nbsp; 418263 |
| BFLD Trust<sup>(a),(b)</sup>  | BFLD Trust<sup>(a),(b)</sup>  | BFLD Trust<sup>(a),(b)</sup>  | BFLD Trust<sup>(a),(b)</sup>  |
| Series 2021-FPM Class A | Series 2021-FPM Class A | Series 2021-FPM Class A | Series 2021-FPM Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.714% <br>Floor 1.600% <br>06/15/2038<br>| &nbsp;&nbsp; 6.044% | 288000 | &nbsp;&nbsp; 288000 |
| BGME Trust<sup>(a),(c)</sup>  | BGME Trust<sup>(a),(c)</sup>  | BGME Trust<sup>(a),(c)</sup>  | BGME Trust<sup>(a),(c)</sup>  |
| Series 2021-VR Class C | Series 2021-VR Class C | Series 2021-VR Class C | Series 2021-VR Class C |
| 01/10/2043 | &nbsp;&nbsp; 2.995% | 425000 | &nbsp;&nbsp; 317241 |
| BOCA Commercial Mortgage Trust<sup>(a),(b)</sup>  | BOCA Commercial Mortgage Trust<sup>(a),(b)</sup>  | BOCA Commercial Mortgage Trust<sup>(a),(b)</sup>  | BOCA Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-BOCA Class A | Series 2024-BOCA Class A | Series 2024-BOCA Class A | Series 2024-BOCA Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.921% <br>Floor 1.921% <br>08/15/2041<br>| &nbsp;&nbsp; 6.249% | 195000 | &nbsp;&nbsp; 195305 |
| BX Commercial Mortgage Trust<sup>(a),(b)</sup>  | BX Commercial Mortgage Trust<sup>(a),(b)</sup>  | BX Commercial Mortgage Trust<sup>(a),(b)</sup>  | BX Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2021-CIP Class A | Series 2021-CIP Class A | Series 2021-CIP Class A | Series 2021-CIP Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.035% <br>Floor 0.921% <br>12/15/2038<br>| &nbsp;&nbsp; 5.364% | 373849 | &nbsp;&nbsp; 373148 |
| Series 2021-VOLT Class A | Series 2021-VOLT Class A | Series 2021-VOLT Class A | Series 2021-VOLT Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 0.814% <br>Floor 0.700% <br>09/15/2036<br>| &nbsp;&nbsp; 5.143% | 385000 | &nbsp;&nbsp; 383075 |
| Series 2024-AIRC Class C | Series 2024-AIRC Class C | Series 2024-AIRC Class C | Series 2024-AIRC Class C |
| &nbsp;&nbsp; 1-month Term SOFR + 2.590% <br>Floor 2.590% <br>08/15/2039<br>| &nbsp;&nbsp; 6.919% | 436824 | &nbsp;&nbsp; 438325 |
| Series 2024-XL5 Class A | Series 2024-XL5 Class A | Series 2024-XL5 Class A | Series 2024-XL5 Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.392% <br>Floor 1.392% <br>03/15/2041<br>| &nbsp;&nbsp; 5.720% | 255657 | &nbsp;&nbsp; 255816 |
| Subordinated CMO Series 2021-VOLT Class F | Subordinated CMO Series 2021-VOLT Class F | Subordinated CMO Series 2021-VOLT Class F | Subordinated CMO Series 2021-VOLT Class F |
| &nbsp;&nbsp; 1-month Term SOFR + 2.514% <br>Floor 2.400% <br>09/15/2036<br>| &nbsp;&nbsp; 6.843% | 245000 | &nbsp;&nbsp; 243009 |
| Subordinated Series 2021-SOAR Class E | Subordinated Series 2021-SOAR Class E | Subordinated Series 2021-SOAR Class E | Subordinated Series 2021-SOAR Class E |
| &nbsp;&nbsp; 1-month Term SOFR + 1.914% <br>Floor 1.800% <br>06/15/2038<br>| &nbsp;&nbsp; 6.243% | 350695 | &nbsp;&nbsp; 350257 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated Series 2021-VOLT Class E | Subordinated Series 2021-VOLT Class E | Subordinated Series 2021-VOLT Class E | Subordinated Series 2021-VOLT Class E |
| &nbsp;&nbsp; 1-month Term SOFR + 2.114% <br>Floor 2.000% <br>09/15/2036<br>| &nbsp;&nbsp; 6.443% | 500000 | &nbsp;&nbsp; 496250 |
| Subordinated Series 2022-LP2 Class C | Subordinated Series 2022-LP2 Class C | Subordinated Series 2022-LP2 Class C | Subordinated Series 2022-LP2 Class C |
| &nbsp;&nbsp; 1-month Term SOFR + 1.560% <br>Floor 1.562% <br>02/15/2039<br>| &nbsp;&nbsp; 5.890% | 318500 | &nbsp;&nbsp; 317107 |
| Subordinated Series 2025-SPOT Class E | Subordinated Series 2025-SPOT Class E | Subordinated Series 2025-SPOT Class E | Subordinated Series 2025-SPOT Class E |
| &nbsp;&nbsp; 1-month Term SOFR + 3.690% <br>Floor 3.690% <br>04/15/2040<br>| &nbsp;&nbsp; 8.012% | 475000 | &nbsp;&nbsp; 472002 |
| BX Trust<sup>(a),(b)</sup>  | BX Trust<sup>(a),(b)</sup>  | BX Trust<sup>(a),(b)</sup>  | BX Trust<sup>(a),(b)</sup>  |
| &nbsp;&nbsp; 1-month Term SOFR + 2.090% <br>Floor 2.090% <br>03/15/2041<br>| &nbsp;&nbsp; 6.419% | 356000 | &nbsp;&nbsp; 356000 |
| Series 2025-VLT6 Class E | Series 2025-VLT6 Class E | Series 2025-VLT6 Class E | Series 2025-VLT6 Class E |
| &nbsp;&nbsp; 1-month Term SOFR + 3.191% <br>Floor 3.191% <br>03/15/2042<br>| &nbsp;&nbsp; 7.519% | 406000 | &nbsp;&nbsp; 402952 |
| Subordinated Series 2021-LBA Class DJV | Subordinated Series 2021-LBA Class DJV | Subordinated Series 2021-LBA Class DJV | Subordinated Series 2021-LBA Class DJV |
| &nbsp;&nbsp; 1-month Term SOFR + 1.714% <br>Floor 1.600% <br>02/15/2036<br>| &nbsp;&nbsp; 6.043% | 550000 | &nbsp;&nbsp; 544156 |
| Subordinated Series 2021-LBA Class EJV | Subordinated Series 2021-LBA Class EJV | Subordinated Series 2021-LBA Class EJV | Subordinated Series 2021-LBA Class EJV |
| &nbsp;&nbsp; 1-month Term SOFR + 2.114% <br>Floor 2.000% <br>02/15/2036<br>| &nbsp;&nbsp; 6.443% | 240000 | &nbsp;&nbsp; 237750 |
| Subordinated Series 2022-PSB Class C | Subordinated Series 2022-PSB Class C | Subordinated Series 2022-PSB Class C | Subordinated Series 2022-PSB Class C |
| &nbsp;&nbsp; 1-month Term SOFR + 3.697% <br>Floor 3.697% <br>08/15/2039<br>| &nbsp;&nbsp; 8.026% | 294000 | &nbsp;&nbsp; 293816 |
| Subordinated Series 2024-BIO Class D | Subordinated Series 2024-BIO Class D | Subordinated Series 2024-BIO Class D | Subordinated Series 2024-BIO Class D |
| &nbsp;&nbsp; 1-month Term SOFR + 3.639% <br>02/15/2041<br>| &nbsp;&nbsp; 7.968% | 463000 | &nbsp;&nbsp; 456000 |
| BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  |
| Series 2019-OC11 Class A | Series 2019-OC11 Class A | Series 2019-OC11 Class A | Series 2019-OC11 Class A |
| 12/09/2041 | &nbsp;&nbsp; 3.202% | 225000 | &nbsp;&nbsp; 207929 |
| Series 2022-CLS Class A | Series 2022-CLS Class A | Series 2022-CLS Class A | Series 2022-CLS Class A |
| 10/13/2027 | &nbsp;&nbsp; 5.760% | 150000 | &nbsp;&nbsp; 151132 |
| BX Trust<sup>(a),(b),(g)</sup>  | BX Trust<sup>(a),(b),(g)</sup>  | BX Trust<sup>(a),(b),(g)</sup>  | BX Trust<sup>(a),(b),(g)</sup>  |
| Subordinated Series 2025-TAIL Class D | Subordinated Series 2025-TAIL Class D | Subordinated Series 2025-TAIL Class D | Subordinated Series 2025-TAIL Class D |
| &nbsp;&nbsp; 1-month Term SOFR + 2.450% <br>Floor 2.450% <br>06/15/2035<br>| &nbsp;&nbsp; 6.750% | 315000 | &nbsp;&nbsp; 315000 |
| BXHPP Trust<sup>(a),(b)</sup>  | BXHPP Trust<sup>(a),(b)</sup>  | BXHPP Trust<sup>(a),(b)</sup>  | BXHPP Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2021-FILM Class C | Subordinated Series 2021-FILM Class C | Subordinated Series 2021-FILM Class C | Subordinated Series 2021-FILM Class C |
| &nbsp;&nbsp; 1-month Term SOFR + 1.214% <br>Floor 1.100% <br>08/15/2036<br>| &nbsp;&nbsp; 5.543% | 600000 | &nbsp;&nbsp; 546323 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| BXP Trust<sup>(a),(c)</sup>  | BXP Trust<sup>(a),(c)</sup>  | BXP Trust<sup>(a),(c)</sup>  | BXP Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2017-GM Class D | Subordinated Series 2017-GM Class D | Subordinated Series 2017-GM Class D | Subordinated Series 2017-GM Class D |
| 06/13/2039 | &nbsp;&nbsp; 3.425% | 630000 | &nbsp;&nbsp; 594737 |
| CAMB Commercial Mortgage Trust<sup>(a),(b)</sup>  | CAMB Commercial Mortgage Trust<sup>(a),(b)</sup>  | CAMB Commercial Mortgage Trust<sup>(a),(b)</sup>  | CAMB Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2019-LIFE Class A | Series 2019-LIFE Class A | Series 2019-LIFE Class A | Series 2019-LIFE Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.184% <br>Floor 1.320% <br>12/15/2037<br>| &nbsp;&nbsp; 5.696% | 330000 | &nbsp;&nbsp; 329797 |
| CENT Trust<sup>(a),(b)</sup>  | CENT Trust<sup>(a),(b)</sup>  | CENT Trust<sup>(a),(b)</sup>  | CENT Trust<sup>(a),(b)</sup>  |
| Series 2023-CITY Class B | Series 2023-CITY Class B | Series 2023-CITY Class B | Series 2023-CITY Class B |
| &nbsp;&nbsp; 1-month Term SOFR + 3.150% <br>Floor 3.150% <br>09/15/2038<br>| &nbsp;&nbsp; 7.479% | 520000 | &nbsp;&nbsp; 520000 |
| CHI Commercial Mortgage Trust<sup>(a),(c)</sup>  | CHI Commercial Mortgage Trust<sup>(a),(c)</sup>  | CHI Commercial Mortgage Trust<sup>(a),(c)</sup>  | CHI Commercial Mortgage Trust<sup>(a),(c)</sup>  |
| Series 2025-SFT Class D | Series 2025-SFT Class D | Series 2025-SFT Class D | Series 2025-SFT Class D |
| 04/15/2042 | &nbsp;&nbsp; 7.569% | 560000 | &nbsp;&nbsp; 565992 |
| Citigroup Commercial Mortgage Trust<sup>(c),(e)</sup>  | Citigroup Commercial Mortgage Trust<sup>(c),(e)</sup>  | Citigroup Commercial Mortgage Trust<sup>(c),(e)</sup>  | Citigroup Commercial Mortgage Trust<sup>(c),(e)</sup>  |
| Series 2016-P3 Class XA | Series 2016-P3 Class XA | Series 2016-P3 Class XA | Series 2016-P3 Class XA |
| 04/15/2049 | &nbsp;&nbsp; 1.644% | 7814559 | &nbsp;&nbsp; 64996 |
| Citigroup Commercial Mortgage Trust<sup>(a),(c)</sup>  | Citigroup Commercial Mortgage Trust<sup>(a),(c)</sup>  | Citigroup Commercial Mortgage Trust<sup>(a),(c)</sup>  | Citigroup Commercial Mortgage Trust<sup>(a),(c)</sup>  |
| Series 2023-SMRT Class A | Series 2023-SMRT Class A | Series 2023-SMRT Class A | Series 2023-SMRT Class A |
| 06/10/2028 | &nbsp;&nbsp; 6.015% | 135000 | &nbsp;&nbsp; 138434 |
| COMM Mortgage Trust<sup>(a),(c),(e)</sup>  | COMM Mortgage Trust<sup>(a),(c),(e)</sup>  | COMM Mortgage Trust<sup>(a),(c),(e)</sup>  | COMM Mortgage Trust<sup>(a),(c),(e)</sup>  |
| Series 2020-SBX Class X | Series 2020-SBX Class X | Series 2020-SBX Class X | Series 2020-SBX Class X |
| 01/10/2038 | &nbsp;&nbsp; 0.585% | 11501000 | &nbsp;&nbsp; 18257 |
| Commercial Mortgage Trust<sup>(c),(e)</sup>  | Commercial Mortgage Trust<sup>(c),(e)</sup>  | Commercial Mortgage Trust<sup>(c),(e)</sup>  | Commercial Mortgage Trust<sup>(c),(e)</sup>  |
| Series 2012-CR4 Class XA | Series 2012-CR4 Class XA | Series 2012-CR4 Class XA | Series 2012-CR4 Class XA |
| 10/15/2045 | &nbsp;&nbsp; 1.144% | 672393 | &nbsp;&nbsp; 10885 |
| Commercial Mortgage Trust<sup>(a)</sup>  | Commercial Mortgage Trust<sup>(a)</sup>  | Commercial Mortgage Trust<sup>(a)</sup>  | Commercial Mortgage Trust<sup>(a)</sup>  |
| Series 2016-787S Class A | Series 2016-787S Class A | Series 2016-787S Class A | Series 2016-787S Class A |
| 02/10/2036 | &nbsp;&nbsp; 3.545% | 500000 | &nbsp;&nbsp; 492326 |
| CoreVest American Finance Trust<sup>(a),(c),(e)</sup>  | CoreVest American Finance Trust<sup>(a),(c),(e)</sup>  | CoreVest American Finance Trust<sup>(a),(c),(e)</sup>  | CoreVest American Finance Trust<sup>(a),(c),(e)</sup>  |
| Series 2019-3 Class XA | Series 2019-3 Class XA | Series 2019-3 Class XA | Series 2019-3 Class XA |
| 10/15/2052 | &nbsp;&nbsp; 2.004% | 32166 | &nbsp;&nbsp; 268 |
| Series 2020-1 Class XA | Series 2020-1 Class XA | Series 2020-1 Class XA | Series 2020-1 Class XA |
| 03/15/2050 | &nbsp;&nbsp; 2.296% | 168287 | &nbsp;&nbsp; 5759 |
| CoreVest American Finance Trust<sup>(a)</sup>  | CoreVest American Finance Trust<sup>(a)</sup>  | CoreVest American Finance Trust<sup>(a)</sup>  | CoreVest American Finance Trust<sup>(a)</sup>  |
| Series 2020-1 Class A2 | Series 2020-1 Class A2 | Series 2020-1 Class A2 | Series 2020-1 Class A2 |
| 03/15/2050 | &nbsp;&nbsp; 2.296% | 141576 | &nbsp;&nbsp; 131506 |
| CRSNT Trust<sup>(a),(b)</sup>  | CRSNT Trust<sup>(a),(b)</sup>  | CRSNT Trust<sup>(a),(b)</sup>  | CRSNT Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2021-MOON Class C | Subordinated Series 2021-MOON Class C | Subordinated Series 2021-MOON Class C | Subordinated Series 2021-MOON Class C |
| &nbsp;&nbsp; 1-month Term SOFR + 1.664% <br>Floor 1.550% <br>04/15/2036<br>| &nbsp;&nbsp; 5.993% | 492000 | &nbsp;&nbsp; 482775 |
| CSAIL Commercial Mortgage Trust<sup>(c),(e)</sup>  | CSAIL Commercial Mortgage Trust<sup>(c),(e)</sup>  | CSAIL Commercial Mortgage Trust<sup>(c),(e)</sup>  | CSAIL Commercial Mortgage Trust<sup>(c),(e)</sup>  |
| Series 2015-C3 Class XA | Series 2015-C3 Class XA | Series 2015-C3 Class XA | Series 2015-C3 Class XA |
| 08/15/2048 | &nbsp;&nbsp; 0.522% | 4249112 | &nbsp;&nbsp; 70 |
| CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2021-B33 Class B | Subordinated Series 2021-B33 Class B | Subordinated Series 2021-B33 Class B | Subordinated Series 2021-B33 Class B |
| 10/10/2043 | &nbsp;&nbsp; 3.645% | 423000 | &nbsp;&nbsp; 368714 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| DBGS Mortgage Trust<sup>(a),(b)</sup>  | DBGS Mortgage Trust<sup>(a),(b)</sup>  | DBGS Mortgage Trust<sup>(a),(b)</sup>  | DBGS Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2021-W52 Class C | Series 2021-W52 Class C | Series 2021-W52 Class C | Series 2021-W52 Class C |
| &nbsp;&nbsp; 1-month Term SOFR + 1.650% <br>Floor 2.300% <br>10/15/2036<br>| &nbsp;&nbsp; 6.737% | 520000 | &nbsp;&nbsp; 501670 |
| DBGS Mortgage Trust<sup>(c)</sup>  | DBGS Mortgage Trust<sup>(c)</sup>  | DBGS Mortgage Trust<sup>(c)</sup>  | DBGS Mortgage Trust<sup>(c)</sup>  |
| Subordinated Series 2018-C1 Class AM | Subordinated Series 2018-C1 Class AM | Subordinated Series 2018-C1 Class AM | Subordinated Series 2018-C1 Class AM |
| 10/15/2051 | &nbsp;&nbsp; 4.616% | 542000 | &nbsp;&nbsp; 524665 |
| Del Amo Fashion Center Trust<sup>(a),(c)</sup>  | Del Amo Fashion Center Trust<sup>(a),(c)</sup>  | Del Amo Fashion Center Trust<sup>(a),(c)</sup>  | Del Amo Fashion Center Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2017-AMO Class C | Subordinated Series 2017-AMO Class C | Subordinated Series 2017-AMO Class C | Subordinated Series 2017-AMO Class C |
| 06/05/2035 | &nbsp;&nbsp; 3.636% | 420000 | &nbsp;&nbsp; 391849 |
| DOLP Trust<sup>(a),(c)</sup>  | DOLP Trust<sup>(a),(c)</sup>  | DOLP Trust<sup>(a),(c)</sup>  | DOLP Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2021-NYC Class D | Subordinated Series 2021-NYC Class D | Subordinated Series 2021-NYC Class D | Subordinated Series 2021-NYC Class D |
| 05/10/2041 | &nbsp;&nbsp; 3.704% | 500000 | &nbsp;&nbsp; 424908 |
| DROP Mortgage Trust<sup>(a),(b)</sup>  | DROP Mortgage Trust<sup>(a),(b)</sup>  | DROP Mortgage Trust<sup>(a),(b)</sup>  | DROP Mortgage Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2021-FILE Class B | Subordinated Series 2021-FILE Class B | Subordinated Series 2021-FILE Class B | Subordinated Series 2021-FILE Class B |
| &nbsp;&nbsp; 1-month Term SOFR + 1.814% <br>Floor 1.700% <br>10/15/2043<br>| &nbsp;&nbsp; 6.143% | 311000 | &nbsp;&nbsp; 291616 |
| ELP Commercial Mortgage Trust<sup>(a),(b)</sup>  | ELP Commercial Mortgage Trust<sup>(a),(b)</sup>  | ELP Commercial Mortgage Trust<sup>(a),(b)</sup>  | ELP Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2021-ELP Class C | Subordinated Series 2021-ELP Class C | Subordinated Series 2021-ELP Class C | Subordinated Series 2021-ELP Class C |
| &nbsp;&nbsp; 1-month Term SOFR + 1.434% <br>Floor 1.320% <br>11/15/2038<br>| &nbsp;&nbsp; 5.763% | 349593 | &nbsp;&nbsp; 348391 |
| Extended Stay America Trust<sup>(a),(b)</sup>  | Extended Stay America Trust<sup>(a),(b)</sup>  | Extended Stay America Trust<sup>(a),(b)</sup>  | Extended Stay America Trust<sup>(a),(b)</sup>  |
| Series 2021-ESH Class F | Series 2021-ESH Class F | Series 2021-ESH Class F | Series 2021-ESH Class F |
| &nbsp;&nbsp; 1-month Term SOFR + 3.814% <br>Floor 3.700% <br>07/15/2038<br>| &nbsp;&nbsp; 8.143% | 428864 | &nbsp;&nbsp; 428059 |
| FirstKey Homes Trust<sup>(a)</sup>  | FirstKey Homes Trust<sup>(a)</sup>  | FirstKey Homes Trust<sup>(a)</sup>  | FirstKey Homes Trust<sup>(a)</sup>  |
| Series 2020-SFR2 Class A | Series 2020-SFR2 Class A | Series 2020-SFR2 Class A | Series 2020-SFR2 Class A |
| 10/19/2037 | &nbsp;&nbsp; 1.266% | 194691 | &nbsp;&nbsp; 191554 |
| Series 2021-SFR2 Class F2 | Series 2021-SFR2 Class F2 | Series 2021-SFR2 Class F2 | Series 2021-SFR2 Class F2 |
| 09/17/2038 | &nbsp;&nbsp; 3.157% | 850000 | &nbsp;&nbsp; 809194 |
| Series 2021-SFR3 Class F2 | Series 2021-SFR3 Class F2 | Series 2021-SFR3 Class F2 | Series 2021-SFR3 Class F2 |
| 12/17/2038 | &nbsp;&nbsp; 3.832% | 820000 | &nbsp;&nbsp; 783101 |
| Grace Trust<sup>(a)</sup>  | Grace Trust<sup>(a)</sup>  | Grace Trust<sup>(a)</sup>  | Grace Trust<sup>(a)</sup>  |
| Subordinated Series 2020-GRCE Class B | Subordinated Series 2020-GRCE Class B | Subordinated Series 2020-GRCE Class B | Subordinated Series 2020-GRCE Class B |
| 12/10/2040 | &nbsp;&nbsp; 2.600% | 500000 | &nbsp;&nbsp; 432879 |
| Great Wolf Trust<sup>(a),(b)</sup>  | Great Wolf Trust<sup>(a),(b)</sup>  | Great Wolf Trust<sup>(a),(b)</sup>  | Great Wolf Trust<sup>(a),(b)</sup>  |
| Series 2024-WOLF Class B | Series 2024-WOLF Class B | Series 2024-WOLF Class B | Series 2024-WOLF Class B |
| &nbsp;&nbsp; 1-month Term SOFR + 2.091% <br>Floor 2.091% <br>03/15/2039<br>| &nbsp;&nbsp; 6.420% | 540000 | &nbsp;&nbsp; 539325 |
| Series 2024-WOLF Class C | Series 2024-WOLF Class C | Series 2024-WOLF Class C | Series 2024-WOLF Class C |
| &nbsp;&nbsp; 1-month Term SOFR + 2.391% <br>Floor 2.391% <br>03/15/2039<br>| &nbsp;&nbsp; 6.720% | 360000 | &nbsp;&nbsp; 359325 |
| GS Mortgage Securities Corp II<sup>(a),(c)</sup>  | GS Mortgage Securities Corp II<sup>(a),(c)</sup>  | GS Mortgage Securities Corp II<sup>(a),(c)</sup>  | GS Mortgage Securities Corp II<sup>(a),(c)</sup>  |
| Series 2017-375H Class A | Series 2017-375H Class A | Series 2017-375H Class A | Series 2017-375H Class A |
| 09/10/2037 | &nbsp;&nbsp; 3.475% | 460000 | &nbsp;&nbsp; 440658 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust |
| Series 2015-GS1 Class AS | Series 2015-GS1 Class AS | Series 2015-GS1 Class AS | Series 2015-GS1 Class AS |
| 11/10/2048 | &nbsp;&nbsp; 4.037% | 475000 | &nbsp;&nbsp; 459596 |
| Hilton USA Trust<sup>(a),(c)</sup>  | Hilton USA Trust<sup>(a),(c)</sup>  | Hilton USA Trust<sup>(a),(c)</sup>  | Hilton USA Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2016-HHV Class F | Subordinated Series 2016-HHV Class F | Subordinated Series 2016-HHV Class F | Subordinated Series 2016-HHV Class F |
| 11/05/2038 | &nbsp;&nbsp; 4.194% | 450000 | &nbsp;&nbsp; 431179 |
| Home Partners of America Trust<sup>(a)</sup>  | Home Partners of America Trust<sup>(a)</sup>  | Home Partners of America Trust<sup>(a)</sup>  | Home Partners of America Trust<sup>(a)</sup>  |
| Series 2019-1 Class B | Series 2019-1 Class B | Series 2019-1 Class B | Series 2019-1 Class B |
| 09/17/2039 | &nbsp;&nbsp; 3.157% | 76218 | &nbsp;&nbsp; 72732 |
| Hudson Yards Mortgage Trust<sup>(a),(c)</sup>  | Hudson Yards Mortgage Trust<sup>(a),(c)</sup>  | Hudson Yards Mortgage Trust<sup>(a),(c)</sup>  | Hudson Yards Mortgage Trust<sup>(a),(c)</sup>  |
| Series 2019-55HY Class F | Series 2019-55HY Class F | Series 2019-55HY Class F | Series 2019-55HY Class F |
| 12/10/2041 | &nbsp;&nbsp; 2.943% | 85000 | &nbsp;&nbsp; 71556 |
| INTOWN Mortgage Trust<sup>(a),(b)</sup>  | INTOWN Mortgage Trust<sup>(a),(b)</sup>  | INTOWN Mortgage Trust<sup>(a),(b)</sup>  | INTOWN Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-STAY Class B | Series 2025-STAY Class B | Series 2025-STAY Class B | Series 2025-STAY Class B |
| &nbsp;&nbsp; 1-month Term SOFR + 1.750% <br>Floor 1.750% <br>03/15/2042<br>| &nbsp;&nbsp; 6.079% | 245000 | &nbsp;&nbsp; 243468 |
| Series 2025-STAY Class C | Series 2025-STAY Class C | Series 2025-STAY Class C | Series 2025-STAY Class C |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>Floor 2.250% <br>03/15/2042<br>| &nbsp;&nbsp; 6.579% | 105000 | &nbsp;&nbsp; 104540 |
| JPMBB Commercial Mortgage Securities Trust<sup>(c),(e)</sup>  | JPMBB Commercial Mortgage Securities Trust<sup>(c),(e)</sup>  | JPMBB Commercial Mortgage Securities Trust<sup>(c),(e)</sup>  | JPMBB Commercial Mortgage Securities Trust<sup>(c),(e)</sup>  |
| Series 2014-C23 Class XA | Series 2014-C23 Class XA | Series 2014-C23 Class XA | Series 2014-C23 Class XA |
| 09/15/2047 | &nbsp;&nbsp; 0.356% | 386441 | &nbsp;&nbsp; 5 |
| Series 2014-C26 Class XA | Series 2014-C26 Class XA | Series 2014-C26 Class XA | Series 2014-C26 Class XA |
| 01/15/2048 | &nbsp;&nbsp; 0.371% | 42081 | &nbsp;&nbsp; 1 |
| JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a)</sup>  |
| Series 2019-OSB Class A | Series 2019-OSB Class A | Series 2019-OSB Class A | Series 2019-OSB Class A |
| 06/05/2039 | &nbsp;&nbsp; 3.397% | 375000 | &nbsp;&nbsp; 348162 |
| JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a),(b)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a),(b)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a),(b)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2022-NLP Class H | Subordinated Series 2022-NLP Class H | Subordinated Series 2022-NLP Class H | Subordinated Series 2022-NLP Class H |
| &nbsp;&nbsp; 1-month Term SOFR + 5.010% <br>Floor 5.010% <br>04/15/2037<br>| &nbsp;&nbsp; 9.339% | 224544 | &nbsp;&nbsp; 175636 |
| Life Mortgage Trust<sup>(a),(b)</sup>  | Life Mortgage Trust<sup>(a),(b)</sup>  | Life Mortgage Trust<sup>(a),(b)</sup>  | Life Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2022-BMR2 Class A1 | Series 2022-BMR2 Class A1 | Series 2022-BMR2 Class A1 | Series 2022-BMR2 Class A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.295% <br>Floor 1.295% <br>05/15/2039<br>| &nbsp;&nbsp; 5.624% | 530000 | &nbsp;&nbsp; 514095 |
| Series 2022-BMR2 Class B | Series 2022-BMR2 Class B | Series 2022-BMR2 Class B | Series 2022-BMR2 Class B |
| &nbsp;&nbsp; 1-month Term SOFR + 1.794% <br>Floor 1.794% <br>05/15/2039<br>| &nbsp;&nbsp; 6.123% | 605000 | &nbsp;&nbsp; 550536 |
| MHC Commercial Mortgage Trust<sup>(a),(b)</sup>  | MHC Commercial Mortgage Trust<sup>(a),(b)</sup>  | MHC Commercial Mortgage Trust<sup>(a),(b)</sup>  | MHC Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2021-MHC Class B | Subordinated Series 2021-MHC Class B | Subordinated Series 2021-MHC Class B | Subordinated Series 2021-MHC Class B |
| &nbsp;&nbsp; 1-month Term SOFR + 1.215% <br>Floor 1.101% <br>04/15/2038<br>| &nbsp;&nbsp; 5.544% | 432000 | &nbsp;&nbsp; 431730 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| MHC Trust<sup>(a),(b)</sup>  | MHC Trust<sup>(a),(b)</sup>  | MHC Trust<sup>(a),(b)</sup>  | MHC Trust<sup>(a),(b)</sup>  |
| Series 2021-MHC2 Class E | Series 2021-MHC2 Class E | Series 2021-MHC2 Class E | Series 2021-MHC2 Class E |
| &nbsp;&nbsp; 1-month Term SOFR + 2.064% <br>05/15/2038<br>| &nbsp;&nbsp; 6.393% | 600000 | &nbsp;&nbsp; 598500 |
| Morgan Stanley Bank of America Merrill Lynch Trust<sup>(c),(e)</sup>  | Morgan Stanley Bank of America Merrill Lynch Trust<sup>(c),(e)</sup>  | Morgan Stanley Bank of America Merrill Lynch Trust<sup>(c),(e)</sup>  | Morgan Stanley Bank of America Merrill Lynch Trust<sup>(c),(e)</sup>  |
| Series 2015-C26 Class XA | Series 2015-C26 Class XA | Series 2015-C26 Class XA | Series 2015-C26 Class XA |
| 10/15/2048 | &nbsp;&nbsp; 0.861% | 5236004 | &nbsp;&nbsp; 134 |
| Series 2016-C31 Class XA | Series 2016-C31 Class XA | Series 2016-C31 Class XA | Series 2016-C31 Class XA |
| 11/15/2049 | &nbsp;&nbsp; 1.256% | 1953844 | &nbsp;&nbsp; 21773 |
| Morgan Stanley Capital I Trust<sup>(a),(c)</sup>  | Morgan Stanley Capital I Trust<sup>(a),(c)</sup>  | Morgan Stanley Capital I Trust<sup>(a),(c)</sup>  | Morgan Stanley Capital I Trust<sup>(a),(c)</sup>  |
| Series 2018-MP Class A | Series 2018-MP Class A | Series 2018-MP Class A | Series 2018-MP Class A |
| 07/11/2040 | &nbsp;&nbsp; 4.419% | 212000 | &nbsp;&nbsp; 198719 |
| Natixis Commercial Mortgage Securities Trust<sup>(a),(c),(e)</sup>  | Natixis Commercial Mortgage Securities Trust<sup>(a),(c),(e)</sup>  | Natixis Commercial Mortgage Securities Trust<sup>(a),(c),(e)</sup>  | Natixis Commercial Mortgage Securities Trust<sup>(a),(c),(e)</sup>  |
| Series 2020-2PAC Class XA | Series 2020-2PAC Class XA | Series 2020-2PAC Class XA | Series 2020-2PAC Class XA |
| 12/15/2038 | &nbsp;&nbsp; 1.395% | 788334 | &nbsp;&nbsp; 17201 |
| Series 2020-2PAC Class XB | Series 2020-2PAC Class XB | Series 2020-2PAC Class XB | Series 2020-2PAC Class XB |
| 12/15/2038 | &nbsp;&nbsp; 0.957% | 2665000 | &nbsp;&nbsp; 40742 |
| Natixis Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | Natixis Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | Natixis Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | Natixis Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2018-ALXA Class E | Subordinated Series 2018-ALXA Class E | Subordinated Series 2018-ALXA Class E | Subordinated Series 2018-ALXA Class E |
| 01/15/2043 | &nbsp;&nbsp; 4.316% | 60000 | &nbsp;&nbsp; 49591 |
| NRTH Mortgage Trust<sup>(a),(b)</sup>  | NRTH Mortgage Trust<sup>(a),(b)</sup>  | NRTH Mortgage Trust<sup>(a),(b)</sup>  | NRTH Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-PARK Class A | Series 2024-PARK Class A | Series 2024-PARK Class A | Series 2024-PARK Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.641% <br>03/15/2041<br>| &nbsp;&nbsp; 5.963% | 362000 | &nbsp;&nbsp; 362701 |
| NYC Commercial Mortgage Trust<sup>(a),(b)</sup>  | NYC Commercial Mortgage Trust<sup>(a),(b)</sup>  | NYC Commercial Mortgage Trust<sup>(a),(b)</sup>  | NYC Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-3BP Class A | Series 2025-3BP Class A | Series 2025-3BP Class A | Series 2025-3BP Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.213% <br>02/15/2042<br>| &nbsp;&nbsp; 5.523% | 270000 | &nbsp;&nbsp; 269206 |
| Series 2025-3BP Class D | Series 2025-3BP Class D | Series 2025-3BP Class D | Series 2025-3BP Class D |
| &nbsp;&nbsp; 1-month Term SOFR + 2.441% <br>02/15/2042<br>| &nbsp;&nbsp; 6.751% | 425000 | &nbsp;&nbsp; 412355 |
| One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2020-1NYP Class AJ | Subordinated Series 2020-1NYP Class AJ | Subordinated Series 2020-1NYP Class AJ | Subordinated Series 2020-1NYP Class AJ |
| &nbsp;&nbsp; 1-month Term SOFR + 1.364% <br>Floor 1.250% <br>01/15/2036<br>| &nbsp;&nbsp; 5.693% | 372000 | &nbsp;&nbsp; 358107 |
| PGA Trust<sup>(a),(b)</sup>  | PGA Trust<sup>(a),(b)</sup>  | PGA Trust<sup>(a),(b)</sup>  | PGA Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2024-RSR2 Class B | Subordinated Series 2024-RSR2 Class B | Subordinated Series 2024-RSR2 Class B | Subordinated Series 2024-RSR2 Class B |
| &nbsp;&nbsp; 1-month Term SOFR + 2.390% <br>Floor 2.390% <br>06/15/2039<br>| &nbsp;&nbsp; 6.779% | 670000 | &nbsp;&nbsp; 669582 |
| Progress Residential Trust<sup>(a),(c)</sup>  | Progress Residential Trust<sup>(a),(c)</sup>  | Progress Residential Trust<sup>(a),(c)</sup>  | Progress Residential Trust<sup>(a),(c)</sup>  |
| Series 2024-SFR5 Class E2 | Series 2024-SFR5 Class E2 | Series 2024-SFR5 Class E2 | Series 2024-SFR5 Class E2 |
| 08/09/2029 | &nbsp;&nbsp; 3.625% | 740000 | &nbsp;&nbsp; 664858 |
| Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  |
| Subordinated Series 2021-SFR7 Class E2 | Subordinated Series 2021-SFR7 Class E2 | Subordinated Series 2021-SFR7 Class E2 | Subordinated Series 2021-SFR7 Class E2 |
| 08/17/2040 | &nbsp;&nbsp; 2.640% | 788000 | &nbsp;&nbsp; 736871 |
| Subordinated Series 2021-SFR9 Class E1 | Subordinated Series 2021-SFR9 Class E1 | Subordinated Series 2021-SFR9 Class E1 | Subordinated Series 2021-SFR9 Class E1 |
| 11/17/2040 | &nbsp;&nbsp; 2.811% | 910000 | &nbsp;&nbsp; 845149 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated Series 2024-SFR3 Class D | Subordinated Series 2024-SFR3 Class D | Subordinated Series 2024-SFR3 Class D | Subordinated Series 2024-SFR3 Class D | Subordinated Series 2024-SFR3 Class D |
| 06/17/2041 | &nbsp;&nbsp; 3.500% |  | 450000 | &nbsp;&nbsp; 413221 |
| RIDE<sup>(a),(c)</sup>  | RIDE<sup>(a),(c)</sup>  | RIDE<sup>(a),(c)</sup>  | RIDE<sup>(a),(c)</sup>  | RIDE<sup>(a),(c)</sup>  |
| Series 2025-SHRE Class D | Series 2025-SHRE Class D | Series 2025-SHRE Class D | Series 2025-SHRE Class D | Series 2025-SHRE Class D |
| 02/14/2035 | &nbsp;&nbsp; 6.297% |  | 400000 | &nbsp;&nbsp; 402458 |
| ROCK Trust<sup>(a)</sup>  | ROCK Trust<sup>(a)</sup>  | ROCK Trust<sup>(a)</sup>  | ROCK Trust<sup>(a)</sup>  | ROCK Trust<sup>(a)</sup>  |
| Series 2024-CNTR Class E | Series 2024-CNTR Class E | Series 2024-CNTR Class E | Series 2024-CNTR Class E | Series 2024-CNTR Class E |
| 11/13/2041 | &nbsp;&nbsp; 8.819% |  | 570000 | &nbsp;&nbsp; 595401 |
| SCOTT Trust<sup>(a)</sup>  | SCOTT Trust<sup>(a)</sup>  | SCOTT Trust<sup>(a)</sup>  | SCOTT Trust<sup>(a)</sup>  | SCOTT Trust<sup>(a)</sup>  |
| Subordinated Series 2023-SFS Class AS | Subordinated Series 2023-SFS Class AS | Subordinated Series 2023-SFS Class AS | Subordinated Series 2023-SFS Class AS | Subordinated Series 2023-SFS Class AS |
| 03/15/2040 | &nbsp;&nbsp; 6.204% |  | 100000 | &nbsp;&nbsp; 100873 |
| SFAVE Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | SFAVE Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | SFAVE Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | SFAVE Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | SFAVE Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  |
| Series 2015-5AVE Class A2A | Series 2015-5AVE Class A2A | Series 2015-5AVE Class A2A | Series 2015-5AVE Class A2A | Series 2015-5AVE Class A2A |
| 01/05/2043 | &nbsp;&nbsp; 3.659% |  | 425000 | &nbsp;&nbsp; 357982 |
| Series 2015-5AVE Class A2B | Series 2015-5AVE Class A2B | Series 2015-5AVE Class A2B | Series 2015-5AVE Class A2B | Series 2015-5AVE Class A2B |
| 01/05/2043 | &nbsp;&nbsp; 4.144% |  | 35000 | &nbsp;&nbsp; 29544 |
| Subordinated Series 2015-5AVE Class C | Subordinated Series 2015-5AVE Class C | Subordinated Series 2015-5AVE Class C | Subordinated Series 2015-5AVE Class C | Subordinated Series 2015-5AVE Class C |
| 01/05/2043 | &nbsp;&nbsp; 4.388% |  | 345000 | &nbsp;&nbsp; 277419 |
| SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  | SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  | SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  | SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  | SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2022-MINI Class B | Subordinated Series 2022-MINI Class B | Subordinated Series 2022-MINI Class B | Subordinated Series 2022-MINI Class B | Subordinated Series 2022-MINI Class B |
| &nbsp;&nbsp; 1-month Term SOFR + 1.350% <br>Floor 1.350% <br>01/15/2039<br>| &nbsp;&nbsp; 5.679% |  | 350000 | &nbsp;&nbsp; 346504 |
| Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D |
| &nbsp;&nbsp; 1-month Term SOFR + 1.950% <br>Floor 1.950% <br>01/15/2039<br>| &nbsp;&nbsp; 6.279% |  | 430000 | &nbsp;&nbsp; 422475 |
| Subordinated Series 2022-MINI Class E | Subordinated Series 2022-MINI Class E | Subordinated Series 2022-MINI Class E | Subordinated Series 2022-MINI Class E | Subordinated Series 2022-MINI Class E |
| &nbsp;&nbsp; 1-month Term SOFR + 2.700% <br>Floor 2.700% <br>01/15/2039<br>| &nbsp;&nbsp; 7.029% |  | 350000 | &nbsp;&nbsp; 340386 |
| SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  | SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  | SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  | SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  | SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-DATA Class E | Series 2025-DATA Class E | Series 2025-DATA Class E | Series 2025-DATA Class E | Series 2025-DATA Class E |
| &nbsp;&nbsp; 1-month Term SOFR + 3.340% <br>Floor 3.290% <br>03/15/2042<br>| &nbsp;&nbsp; 7.648% |  | 625000 | &nbsp;&nbsp; 617751 |
| TTAN<sup>(a),(b)</sup>  | TTAN<sup>(a),(b)</sup>  | TTAN<sup>(a),(b)</sup>  | TTAN<sup>(a),(b)</sup>  | TTAN<sup>(a),(b)</sup>  |
| Subordinated Series 2021-MHC Class E | Subordinated Series 2021-MHC Class E | Subordinated Series 2021-MHC Class E | Subordinated Series 2021-MHC Class E | Subordinated Series 2021-MHC Class E |
| &nbsp;&nbsp; 1-month Term SOFR + 2.514% <br>Floor 2.400% <br>03/15/2038<br>| &nbsp;&nbsp; 6.843% |  | 538331 | &nbsp;&nbsp; 537826 |
| UK Logistics DAC<sup>(a),(b)</sup>  | UK Logistics DAC<sup>(a),(b)</sup>  | UK Logistics DAC<sup>(a),(b)</sup>  | UK Logistics DAC<sup>(a),(b)</sup>  | UK Logistics DAC<sup>(a),(b)</sup>  |
| Series 2025-1A Class E | Series 2025-1A Class E | Series 2025-1A Class E | Series 2025-1A Class E | Series 2025-1A Class E |
| &nbsp;&nbsp; SONIA + 5.500% <br>05/17/2035<br>| &nbsp;&nbsp; 9.710% | GBP | 250000 | &nbsp;&nbsp; 329245 |
| VMC Finance LLC<sup>(a),(b)</sup>  | VMC Finance LLC<sup>(a),(b)</sup>  | VMC Finance LLC<sup>(a),(b)</sup>  | VMC Finance LLC<sup>(a),(b)</sup>  | VMC Finance LLC<sup>(a),(b)</sup>  |
| Series 2021-FL4 Class B | Series 2021-FL4 Class B | Series 2021-FL4 Class B | Series 2021-FL4 Class B | Series 2021-FL4 Class B |
| &nbsp;&nbsp; 1-month Term SOFR + 1.914% <br>Floor 1.800% <br>06/18/2036<br>| &nbsp;&nbsp; 6.243% |  | 299000 | &nbsp;&nbsp; 295780 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Wells Fargo Commercial Mortgage Trust<sup>(a),(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(c)</sup>  |
| Series 2024-SVEN Class D | Series 2024-SVEN Class D | Series 2024-SVEN Class D | Series 2024-SVEN Class D |
| 06/10/2037 | &nbsp;&nbsp; 6.323% | 667000 | &nbsp;&nbsp; 649268 |
| Subordinated Series 2019-JDWR Class D | Subordinated Series 2019-JDWR Class D | Subordinated Series 2019-JDWR Class D | Subordinated Series 2019-JDWR Class D |
| 09/15/2031 | &nbsp;&nbsp; 3.437% | 425000 | &nbsp;&nbsp; 417148 |
| Wells Fargo Commercial Mortgage Trust<sup>(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(c)</sup>  |
| Subordinated Series 2018-C47 Class AS | Subordinated Series 2018-C47 Class AS | Subordinated Series 2018-C47 Class AS | Subordinated Series 2018-C47 Class AS |
| 09/15/2061 | &nbsp;&nbsp; 4.673% | 560000 | &nbsp;&nbsp; 549338 |
| &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $35,614,060) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $35,614,060) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $35,614,060) | &nbsp;&nbsp; **35632924** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Common Stocks 0.1%** | **Common Stocks 0.1%** | **Common Stocks 0.1%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 0.1%** | **Communication Services 0.1%** | **Communication Services 0.1%** |
| **Media 0.1%** | **Media 0.1%** | **Media 0.1%** |
| Intelsat Luxembourg SA<sup>(h)</sup> <br>| &nbsp;&nbsp; 7905 | &nbsp;&nbsp; 73615 |
| Intelsat Luxembourg SA<sup>(h),(i)</sup> <br>| &nbsp;&nbsp; 7905 | &nbsp;&nbsp; 237150 |
| Total |  | &nbsp;&nbsp; 310765 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **310765** |
| **Real Estate 0.0%** | **Real Estate 0.0%** | **Real Estate 0.0%** |
| **Real Estate Management & Development 0.0%** | **Real Estate Management & Development 0.0%** | **Real Estate Management & Development 0.0%** |
| China Aoyuan Group Ltd.<sup>(h)</sup> <br>| &nbsp;&nbsp; 30741 | &nbsp;&nbsp; 432 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **432** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $260,681) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $260,681) | &nbsp;&nbsp; **311197** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Convertible Bonds**<sup>(f)</sup> **1.2%** | **Convertible Bonds**<sup>(f)</sup> **1.2%** | **Convertible Bonds**<sup>(f)</sup> **1.2%** | **Convertible Bonds**<sup>(f)</sup> **1.2%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Banking 0.6%** | **Banking 0.6%** | **Banking 0.6%** | **Banking 0.6%** |
| Barclays PLC<sup>(j),(k)</sup>  | Barclays PLC<sup>(j),(k)</sup>  | Barclays PLC<sup>(j),(k)</sup>  | Barclays PLC<sup>(j),(k)</sup>  |
|  | &nbsp;&nbsp; 7.625% | 408000 | &nbsp;&nbsp; 402964 |
| BNP Paribas SA<sup>(a),(j),(k)</sup>  | BNP Paribas SA<sup>(a),(j),(k)</sup>  | BNP Paribas SA<sup>(a),(j),(k)</sup>  | BNP Paribas SA<sup>(a),(j),(k)</sup>  |
|  | &nbsp;&nbsp; 7.375% | 500000 | &nbsp;&nbsp; 502883 |
| HSBC Holdings PLC<sup>(j),(k)</sup>  | HSBC Holdings PLC<sup>(j),(k)</sup>  | HSBC Holdings PLC<sup>(j),(k)</sup>  | HSBC Holdings PLC<sup>(j),(k)</sup>  |
|  | &nbsp;&nbsp; 6.950% | 555000 | &nbsp;&nbsp; 552281 |
| Societe Generale SA<sup>(a),(j),(k)</sup>  | Societe Generale SA<sup>(a),(j),(k)</sup>  | Societe Generale SA<sup>(a),(j),(k)</sup>  | Societe Generale SA<sup>(a),(j),(k)</sup>  |
|  | &nbsp;&nbsp; 8.125% | 700000 | &nbsp;&nbsp; 701801 |
| UBS Group AG<sup>(a),(j),(k)</sup>  | UBS Group AG<sup>(a),(j),(k)</sup>  | UBS Group AG<sup>(a),(j),(k)</sup>  | UBS Group AG<sup>(a),(j),(k)</sup>  |
|  | &nbsp;&nbsp; 7.000% | 290000 | &nbsp;&nbsp; 286996 |
|  | &nbsp;&nbsp; 7.125% | 370000 | &nbsp;&nbsp; 362647 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2809572** |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Convertible Bonds**<sup>(f)</sup> **(continued)** | **Convertible Bonds**<sup>(f)</sup> **(continued)** | **Convertible Bonds**<sup>(f)</sup> **(continued)** | **Convertible Bonds**<sup>(f)</sup> **(continued)** | **Convertible Bonds**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Electric 0.3%** | **Electric 0.3%** | **Electric 0.3%** | **Electric 0.3%** | **Electric 0.3%** |
| CenterPoint Energy, Inc. | CenterPoint Energy, Inc. | CenterPoint Energy, Inc. | CenterPoint Energy, Inc. | CenterPoint Energy, Inc. |
| 08/15/2026 | &nbsp;&nbsp; 4.250% |  | 430000 | &nbsp;&nbsp; 472355 |
| PNM Resources, Inc.<sup>(a)</sup>  | PNM Resources, Inc.<sup>(a)</sup>  | PNM Resources, Inc.<sup>(a)</sup>  | PNM Resources, Inc.<sup>(a)</sup>  | PNM Resources, Inc.<sup>(a)</sup>  |
| 06/01/2054 | &nbsp;&nbsp; 5.750% |  | 265000 | &nbsp;&nbsp; 342513 |
| Southern Co. (The) | Southern Co. (The) | Southern Co. (The) | Southern Co. (The) | Southern Co. (The) |
| 06/15/2027 | &nbsp;&nbsp; 4.500% |  | 375000 | &nbsp;&nbsp; 408694 |
| Southern Co. (The)<sup>(a)</sup>  | Southern Co. (The)<sup>(a)</sup>  | Southern Co. (The)<sup>(a)</sup>  | Southern Co. (The)<sup>(a)</sup>  | Southern Co. (The)<sup>(a)</sup>  |
| 06/15/2028 | &nbsp;&nbsp; 3.250% |  | 245000 | &nbsp;&nbsp; 244265 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1467827** |
| **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** |
| Davide Campari-Milano NV<sup>(a)</sup>  | Davide Campari-Milano NV<sup>(a)</sup>  | Davide Campari-Milano NV<sup>(a)</sup>  | Davide Campari-Milano NV<sup>(a)</sup>  | Davide Campari-Milano NV<sup>(a)</sup>  |
| 01/17/2029 | &nbsp;&nbsp; 2.375% | EUR | 100000 | &nbsp;&nbsp; 108751 |
| **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** |
| Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. |
| 12/15/2027 | &nbsp;&nbsp; 3.250% |  | 335000 | &nbsp;&nbsp; 311215 |
| **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** |
| American Water Capital Corp. | American Water Capital Corp. | American Water Capital Corp. | American Water Capital Corp. | American Water Capital Corp. |
| 06/15/2026 | &nbsp;&nbsp; 3.625% |  | 365000 | &nbsp;&nbsp; 369380 |
| **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** |
| Burlington Stores, Inc. | Burlington Stores, Inc. | Burlington Stores, Inc. | Burlington Stores, Inc. | Burlington Stores, Inc. |
| 12/15/2027 | &nbsp;&nbsp; 1.250% |  | 235000 | &nbsp;&nbsp; 299273 |
| **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** |
| Worldline SA<sup>(a),(d)</sup>  | Worldline SA<sup>(a),(d)</sup>  | Worldline SA<sup>(a),(d)</sup>  | Worldline SA<sup>(a),(d)</sup>  | Worldline SA<sup>(a),(d)</sup>  |
| 07/30/2026 | &nbsp;&nbsp; 0.000% | EUR | 196216 | &nbsp;&nbsp; 216306 |
| &nbsp;&nbsp; Total Convertible Bonds <br>(Cost $5,314,438) | &nbsp;&nbsp; Total Convertible Bonds <br>(Cost $5,314,438) | &nbsp;&nbsp; Total Convertible Bonds <br>(Cost $5,314,438) | &nbsp;&nbsp; Total Convertible Bonds <br>(Cost $5,314,438) | &nbsp;&nbsp; **5582324** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Convertible Preferred Stocks 0.4%** | **Convertible Preferred Stocks 0.4%** | **Convertible Preferred Stocks 0.4%** | **Convertible Preferred Stocks 0.4%** |
| **Issuer** |  | **Shares** | **Value ($)** |
| **Industrials 0.2%** | **Industrials 0.2%** | **Industrials 0.2%** | **Industrials 0.2%** |
| **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** |
| Boeing Co. (The) | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 4300 | &nbsp;&nbsp; 291583 |
| **Trading Companies & Distributors 0.1%** | **Trading Companies & Distributors 0.1%** | **Trading Companies & Distributors 0.1%** | **Trading Companies & Distributors 0.1%** |
| QXO, Inc. | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 13350 | &nbsp;&nbsp; 687658 |
| **Total Industrials** | **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **979241** |
| **Information Technology 0.0%** | **Information Technology 0.0%** | **Information Technology 0.0%** | **Information Technology 0.0%** |
| **Technology Hardware, Storage & Peripherals 0.0%** | **Technology Hardware, Storage & Peripherals 0.0%** | **Technology Hardware, Storage & Peripherals 0.0%** | **Technology Hardware, Storage & Peripherals 0.0%** |
| Hewlett Packard Enterprise Co. | &nbsp;&nbsp; 7.625% | &nbsp;&nbsp; 5750 | &nbsp;&nbsp; 294317 |
| **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **294317** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Convertible Preferred Stocks (continued)** | **Convertible Preferred Stocks (continued)** | **Convertible Preferred Stocks (continued)** | **Convertible Preferred Stocks (continued)** |
| **Issuer** |  | **Shares** | **Value ($)** |
| **Utilities 0.2%** | **Utilities 0.2%** | **Utilities 0.2%** | **Utilities 0.2%** |
| **Electric Utilities 0.2%** | **Electric Utilities 0.2%** | **Electric Utilities 0.2%** | **Electric Utilities 0.2%** |
| Nextera Energy, Inc. | &nbsp;&nbsp; 7.234% | &nbsp;&nbsp; 20400 | &nbsp;&nbsp; 906168 |
| **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **906168** |
| &nbsp;&nbsp; Total Convertible Preferred Stocks <br>(Cost $2,106,266) | &nbsp;&nbsp; Total Convertible Preferred Stocks <br>(Cost $2,106,266) | &nbsp;&nbsp; Total Convertible Preferred Stocks <br>(Cost $2,106,266) | &nbsp;&nbsp; **2179726** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **23.1%** | **Corporate Bonds & Notes**<sup>(f)</sup> **23.1%** | **Corporate Bonds & Notes**<sup>(f)</sup> **23.1%** | **Corporate Bonds & Notes**<sup>(f)</sup> **23.1%** | **Corporate Bonds & Notes**<sup>(f)</sup> **23.1%** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **ABS Other 0.1%** | **ABS Other 0.1%** | **ABS Other 0.1%** | **ABS Other 0.1%** | **ABS Other 0.1%** |
| American Tower Trust #1<sup>(a)</sup>  | American Tower Trust #1<sup>(a)</sup>  | American Tower Trust #1<sup>(a)</sup>  | American Tower Trust #1<sup>(a)</sup>  | American Tower Trust #1<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 5.490% |  | 410000 | &nbsp;&nbsp; 413207 |
| SBA Tower Trust<sup>(a)</sup>  | SBA Tower Trust<sup>(a)</sup>  | SBA Tower Trust<sup>(a)</sup>  | SBA Tower Trust<sup>(a)</sup>  | SBA Tower Trust<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 6.599% |  | 240000 | &nbsp;&nbsp; 244751 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **657958** |
| **Aerospace & Defense 0.5%** | **Aerospace & Defense 0.5%** | **Aerospace & Defense 0.5%** | **Aerospace & Defense 0.5%** | **Aerospace & Defense 0.5%** |
| Airbus SE<sup>(a)</sup>  | Airbus SE<sup>(a)</sup>  | Airbus SE<sup>(a)</sup>  | Airbus SE<sup>(a)</sup>  | Airbus SE<sup>(a)</sup>  |
| 06/09/2030 | &nbsp;&nbsp; 1.625% | EUR | 100000 | &nbsp;&nbsp; 108139 |
| Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
| 05/01/2030 | &nbsp;&nbsp; 5.150% |  | 825000 | &nbsp;&nbsp; 832470 |
| 05/01/2034 | &nbsp;&nbsp; 6.528% |  | 45000 | &nbsp;&nbsp; 48061 |
| 05/01/2050 | &nbsp;&nbsp; 5.805% |  | 290000 | &nbsp;&nbsp; 271626 |
| TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 6.750% |  | 260000 | &nbsp;&nbsp; 264293 |
| 12/01/2031 | &nbsp;&nbsp; 7.125% |  | 730000 | &nbsp;&nbsp; 755768 |
| 01/15/2033 | &nbsp;&nbsp; 6.000% |  | 260000 | &nbsp;&nbsp; 257569 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2537926** |
| **Airlines 0.3%** | **Airlines 0.3%** | **Airlines 0.3%** | **Airlines 0.3%** | **Airlines 0.3%** |
| American Airlines Pass-Through Trust | American Airlines Pass-Through Trust | American Airlines Pass-Through Trust | American Airlines Pass-Through Trust | American Airlines Pass-Through Trust |
| Series 2016-2 Class AA | Series 2016-2 Class AA | Series 2016-2 Class AA | Series 2016-2 Class AA | Series 2016-2 Class AA |
| 06/15/2028 | &nbsp;&nbsp; 3.200% |  | 157375 | &nbsp;&nbsp; 148585 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  |
| 04/20/2029 | &nbsp;&nbsp; 5.750% |  | 650000 | &nbsp;&nbsp; 638730 |
| Delta Air Lines Pass-Through Trust | Delta Air Lines Pass-Through Trust | Delta Air Lines Pass-Through Trust | Delta Air Lines Pass-Through Trust | Delta Air Lines Pass-Through Trust |
| 06/10/2028 | &nbsp;&nbsp; 2.500% |  | 71206 | &nbsp;&nbsp; 66952 |
| JetBlue Airways Corp./Loyalty LP<sup>(a)</sup>  | JetBlue Airways Corp./Loyalty LP<sup>(a)</sup>  | JetBlue Airways Corp./Loyalty LP<sup>(a)</sup>  | JetBlue Airways Corp./Loyalty LP<sup>(a)</sup>  | JetBlue Airways Corp./Loyalty LP<sup>(a)</sup>  |
| 09/20/2031 | &nbsp;&nbsp; 9.875% |  | 345000 | &nbsp;&nbsp; 341422 |
| JetBlue Pass-Through Trust | JetBlue Pass-Through Trust | JetBlue Pass-Through Trust | JetBlue Pass-Through Trust | JetBlue Pass-Through Trust |
| Series 2020-1 Class A | Series 2020-1 Class A | Series 2020-1 Class A | Series 2020-1 Class A | Series 2020-1 Class A |
| 11/15/2032 | &nbsp;&nbsp; 4.000% |  | 282214 | &nbsp;&nbsp; 258864 |
| United Airlines, Inc.<sup>(a)</sup>  | United Airlines, Inc.<sup>(a)</sup>  | United Airlines, Inc.<sup>(a)</sup>  | United Airlines, Inc.<sup>(a)</sup>  | United Airlines, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 4.625% |  | 190000 | &nbsp;&nbsp; 180427 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1634980** |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Apartment REIT 0.1%** | **Apartment REIT 0.1%** | **Apartment REIT 0.1%** | **Apartment REIT 0.1%** | **Apartment REIT 0.1%** |
| American Homes 4 Rent LP | American Homes 4 Rent LP | American Homes 4 Rent LP | American Homes 4 Rent LP | American Homes 4 Rent LP |
| 04/15/2052 | &nbsp;&nbsp; 4.300% |  | 210000 | &nbsp;&nbsp; 158807 |
| Invitation Homes Operating Partnership LP | Invitation Homes Operating Partnership LP | Invitation Homes Operating Partnership LP | Invitation Homes Operating Partnership LP | Invitation Homes Operating Partnership LP |
| 08/15/2033 | &nbsp;&nbsp; 5.500% |  | 60000 | &nbsp;&nbsp; 59827 |
| 01/15/2034 | &nbsp;&nbsp; 2.700% |  | 35000 | &nbsp;&nbsp; 28374 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **247008** |
| **Automotive 0.6%** | **Automotive 0.6%** | **Automotive 0.6%** | **Automotive 0.6%** | **Automotive 0.6%** |
| Allison Transmission. Inc.<sup>(a)</sup>  | Allison Transmission. Inc.<sup>(a)</sup>  | Allison Transmission. Inc.<sup>(a)</sup>  | Allison Transmission. Inc.<sup>(a)</sup>  | Allison Transmission. Inc.<sup>(a)</sup>  |
| 01/30/2031 | &nbsp;&nbsp; 3.750% |  | 100000 | &nbsp;&nbsp; 90787 |
| Ford Motor Co. | Ford Motor Co. | Ford Motor Co. | Ford Motor Co. | Ford Motor Co. |
| 02/12/2032 | &nbsp;&nbsp; 3.250% |  | 1740000 | &nbsp;&nbsp; 1436103 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| 02/16/2028 | &nbsp;&nbsp; 2.900% |  | 200000 | &nbsp;&nbsp; 185146 |
| 10/09/2028 | &nbsp;&nbsp; 5.625% | GBP | 215000 | &nbsp;&nbsp; 286462 |
| General Motors Financial Co., Inc.<sup>(j),(k)</sup>  | General Motors Financial Co., Inc.<sup>(j),(k)</sup>  | General Motors Financial Co., Inc.<sup>(j),(k)</sup>  | General Motors Financial Co., Inc.<sup>(j),(k)</sup>  | General Motors Financial Co., Inc.<sup>(j),(k)</sup>  |
|  | &nbsp;&nbsp; 6.500% |  | 200000 | &nbsp;&nbsp; 195188 |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
|  | &nbsp;&nbsp; 5.700% |  | 110000 | &nbsp;&nbsp; 105653 |
| Volkswagen Financial Services AG<sup>(a)</sup>  | Volkswagen Financial Services AG<sup>(a)</sup>  | Volkswagen Financial Services AG<sup>(a)</sup>  | Volkswagen Financial Services AG<sup>(a)</sup>  | Volkswagen Financial Services AG<sup>(a)</sup>  |
| 11/19/2031 | &nbsp;&nbsp; 3.875% | EUR | 200000 | &nbsp;&nbsp; 229449 |
| Volkswagen Group of America Finance LLC<sup>(a)</sup>  | Volkswagen Group of America Finance LLC<sup>(a)</sup>  | Volkswagen Group of America Finance LLC<sup>(a)</sup>  | Volkswagen Group of America Finance LLC<sup>(a)</sup>  | Volkswagen Group of America Finance LLC<sup>(a)</sup>  |
| 03/25/2032 | &nbsp;&nbsp; 5.650% |  | 60000 | &nbsp;&nbsp; 60095 |
| 03/27/2035 | &nbsp;&nbsp; 5.800% |  | 60000 | &nbsp;&nbsp; 59248 |
| Volkswagen International Finance NV<sup>(a),(j),(k)</sup>  | Volkswagen International Finance NV<sup>(a),(j),(k)</sup>  | Volkswagen International Finance NV<sup>(a),(j),(k)</sup>  | Volkswagen International Finance NV<sup>(a),(j),(k)</sup>  | Volkswagen International Finance NV<sup>(a),(j),(k)</sup>  |
|  | &nbsp;&nbsp; 7.875% | EUR | 200000 | &nbsp;&nbsp; 255548 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2903679** |
| **Banking 3.3%** | **Banking 3.3%** | **Banking 3.3%** | **Banking 3.3%** | **Banking 3.3%** |
| American Express Co.<sup>(j),(k)</sup>  | American Express Co.<sup>(j),(k)</sup>  | American Express Co.<sup>(j),(k)</sup>  | American Express Co.<sup>(j),(k)</sup>  | American Express Co.<sup>(j),(k)</sup>  |
|  | &nbsp;&nbsp; 3.550% |  | 85000 | &nbsp;&nbsp; 82316 |
| Bank of America Corp.<sup>(j),(k)</sup>  | Bank of America Corp.<sup>(j),(k)</sup>  | Bank of America Corp.<sup>(j),(k)</sup>  | Bank of America Corp.<sup>(j),(k)</sup>  | Bank of America Corp.<sup>(j),(k)</sup>  |
|  | &nbsp;&nbsp; 4.375% |  | 80000 | &nbsp;&nbsp; 77562 |
| Bank of America Corp.<sup>(k)</sup>  | Bank of America Corp.<sup>(k)</sup>  | Bank of America Corp.<sup>(k)</sup>  | Bank of America Corp.<sup>(k)</sup>  | Bank of America Corp.<sup>(k)</sup>  |
| 02/04/2028 | &nbsp;&nbsp; 2.551% |  | 110000 | &nbsp;&nbsp; 106304 |
| 06/14/2029 | &nbsp;&nbsp; 2.087% |  | 50000 | &nbsp;&nbsp; 46418 |
| 10/24/2031 | &nbsp;&nbsp; 1.922% |  | 765000 | &nbsp;&nbsp; 658694 |
| 03/11/2032 | &nbsp;&nbsp; 2.651% |  | 135000 | &nbsp;&nbsp; 119474 |
| 04/22/2032 | &nbsp;&nbsp; 2.687% |  | 490000 | &nbsp;&nbsp; 432851 |
| Bank of Montreal<sup>(k)</sup>  | Bank of Montreal<sup>(k)</sup>  | Bank of Montreal<sup>(k)</sup>  | Bank of Montreal<sup>(k)</sup>  | Bank of Montreal<sup>(k)</sup>  |
| 11/26/2082 | &nbsp;&nbsp; 7.325% | CAD | 580000 | &nbsp;&nbsp; 441651 |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
| 11/26/2084 | &nbsp;&nbsp; 7.300% |  | 785000 | &nbsp;&nbsp; 784057 |
| Bank of Nova Scotia (The)<sup>(k)</sup>  | Bank of Nova Scotia (The)<sup>(k)</sup>  | Bank of Nova Scotia (The)<sup>(k)</sup>  | Bank of Nova Scotia (The)<sup>(k)</sup>  | Bank of Nova Scotia (The)<sup>(k)</sup>  |
| 10/27/2082 | &nbsp;&nbsp; 8.625% |  | 415000 | &nbsp;&nbsp; 437589 |
| Citibank NA | Citibank NA | Citibank NA | Citibank NA | Citibank NA |
| 05/29/2030 | &nbsp;&nbsp; 4.914% |  | 330000 | &nbsp;&nbsp; 332933 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Citigroup, Inc.<sup>(k)</sup>  | Citigroup, Inc.<sup>(k)</sup>  | Citigroup, Inc.<sup>(k)</sup>  | Citigroup, Inc.<sup>(k)</sup>  |
| 06/11/2035 | &nbsp;&nbsp; 5.449% | 315000 | &nbsp;&nbsp; 315494 |
| ConnectOne Bancorp, Inc.<sup>(k)</sup>  | ConnectOne Bancorp, Inc.<sup>(k)</sup>  | ConnectOne Bancorp, Inc.<sup>(k)</sup>  | ConnectOne Bancorp, Inc.<sup>(k)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 06/01/2035 | &nbsp;&nbsp; 8.125% | 270000 | &nbsp;&nbsp; 271375 |
| First Citizens BancShares, Inc.<sup>(k)</sup>  | First Citizens BancShares, Inc.<sup>(k)</sup>  | First Citizens BancShares, Inc.<sup>(k)</sup>  | First Citizens BancShares, Inc.<sup>(k)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 03/12/2040 | &nbsp;&nbsp; 6.254% | 395000 | &nbsp;&nbsp; 382375 |
| First Horizon Corp.<sup>(k)</sup>  | First Horizon Corp.<sup>(k)</sup>  | First Horizon Corp.<sup>(k)</sup>  | First Horizon Corp.<sup>(k)</sup>  |
| 03/07/2031 | &nbsp;&nbsp; 5.514% | 455000 | &nbsp;&nbsp; 457676 |
| Five Star Bancorp<sup>(a),(k)</sup>  | Five Star Bancorp<sup>(a),(k)</sup>  | Five Star Bancorp<sup>(a),(k)</sup>  | Five Star Bancorp<sup>(a),(k)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/01/2032 | &nbsp;&nbsp; 6.000% | 95000 | &nbsp;&nbsp; 89847 |
| Goldman Sachs Group, Inc. (The)<sup>(k)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(k)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(k)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(k)</sup>  |
| 01/27/2032 | &nbsp;&nbsp; 1.992% | 200000 | &nbsp;&nbsp; 170145 |
| 10/21/2032 | &nbsp;&nbsp; 2.650% | 130000 | &nbsp;&nbsp; 112927 |
| 10/23/2035 | &nbsp;&nbsp; 5.016% | 210000 | &nbsp;&nbsp; 203098 |
| 01/28/2036 | &nbsp;&nbsp; 5.536% | 45000 | &nbsp;&nbsp; 45322 |
| HSBC Holdings PLC<sup>(k)</sup>  | HSBC Holdings PLC<sup>(k)</sup>  | HSBC Holdings PLC<sup>(k)</sup>  | HSBC Holdings PLC<sup>(k)</sup>  |
| 06/04/2026 | &nbsp;&nbsp; 2.099% | 570000 | &nbsp;&nbsp; 570000 |
| HSBC Holdings PLC<sup>(b)</sup>  | HSBC Holdings PLC<sup>(b)</sup>  | HSBC Holdings PLC<sup>(b)</sup>  | HSBC Holdings PLC<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 1.570% <br>05/13/2031<br>| &nbsp;&nbsp; 5.900% | 580000 | &nbsp;&nbsp; 582387 |
| Independent Bank Group, Inc.<sup>(k)</sup>  | Independent Bank Group, Inc.<sup>(k)</sup>  | Independent Bank Group, Inc.<sup>(k)</sup>  | Independent Bank Group, Inc.<sup>(k)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 08/15/2034 | &nbsp;&nbsp; 8.375% | 140000 | &nbsp;&nbsp; 141511 |
| JPMorgan Chase & Co.<sup>(j),(k)</sup>  | JPMorgan Chase & Co.<sup>(j),(k)</sup>  | JPMorgan Chase & Co.<sup>(j),(k)</sup>  | JPMorgan Chase & Co.<sup>(j),(k)</sup>  |
|  | &nbsp;&nbsp; 3.650% | 85000 | &nbsp;&nbsp; 82983 |
| JPMorgan Chase & Co.<sup>(k)</sup>  | JPMorgan Chase & Co.<sup>(k)</sup>  | JPMorgan Chase & Co.<sup>(k)</sup>  | JPMorgan Chase & Co.<sup>(k)</sup>  |
| 04/22/2027 | &nbsp;&nbsp; 1.578% | 285000 | &nbsp;&nbsp; 277506 |
| 04/26/2028 | &nbsp;&nbsp; 4.323% | 90000 | &nbsp;&nbsp; 89579 |
| 06/01/2029 | &nbsp;&nbsp; 2.069% | 615000 | &nbsp;&nbsp; 571900 |
| 11/08/2032 | &nbsp;&nbsp; 2.545% | 105000 | &nbsp;&nbsp; 90959 |
| 04/22/2035 | &nbsp;&nbsp; 5.766% | 195000 | &nbsp;&nbsp; 201676 |
| 10/22/2035 | &nbsp;&nbsp; 4.946% | 120000 | &nbsp;&nbsp; 116544 |
| Morgan Stanley<sup>(k)</sup>  | Morgan Stanley<sup>(k)</sup>  | Morgan Stanley<sup>(k)</sup>  | Morgan Stanley<sup>(k)</sup>  |
| 01/24/2029 | &nbsp;&nbsp; 3.772% | 510000 | &nbsp;&nbsp; 499088 |
| 07/20/2029 | &nbsp;&nbsp; 5.449% | 250000 | &nbsp;&nbsp; 255782 |
| 02/13/2032 | &nbsp;&nbsp; 1.794% | 45000 | &nbsp;&nbsp; 37878 |
| 10/20/2032 | &nbsp;&nbsp; 2.511% | 55000 | &nbsp;&nbsp; 47344 |
| 01/21/2033 | &nbsp;&nbsp; 2.943% | 35000 | &nbsp;&nbsp; 30769 |
| 01/18/2036 | &nbsp;&nbsp; 5.587% | 250000 | &nbsp;&nbsp; 252498 |
| PNC Financial Services Group, Inc. (The)<sup>(k)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(k)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(k)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(k)</sup>  |
| 10/20/2034 | &nbsp;&nbsp; 6.875% | 70000 | &nbsp;&nbsp; 76861 |
| 01/22/2035 | &nbsp;&nbsp; 5.676% | 50000 | &nbsp;&nbsp; 51018 |
| Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. |
| 03/13/2028 | &nbsp;&nbsp; 7.250% | 215000 | &nbsp;&nbsp; 225690 |
| Provident Financial Services, Inc.<sup>(k)</sup>  | Provident Financial Services, Inc.<sup>(k)</sup>  | Provident Financial Services, Inc.<sup>(k)</sup>  | Provident Financial Services, Inc.<sup>(k)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 05/15/2034 | &nbsp;&nbsp; 9.000% | 210000 | &nbsp;&nbsp; 214798 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Royal Bank of Canada<sup>(j),(k)</sup>  | Royal Bank of Canada<sup>(j),(k)</sup>  | Royal Bank of Canada<sup>(j),(k)</sup>  | Royal Bank of Canada<sup>(j),(k)</sup>  | Royal Bank of Canada<sup>(j),(k)</sup>  |
|  | &nbsp;&nbsp; 4.200% | CAD | 800000 | &nbsp;&nbsp; 518425 |
| Royal Bank of Canada<sup>(k)</sup>  | Royal Bank of Canada<sup>(k)</sup>  | Royal Bank of Canada<sup>(k)</sup>  | Royal Bank of Canada<sup>(k)</sup>  | Royal Bank of Canada<sup>(k)</sup>  |
| 05/02/2084 | &nbsp;&nbsp; 7.500% |  | 610000 | &nbsp;&nbsp; 633881 |
| 11/24/2084 | &nbsp;&nbsp; 6.350% |  | 515000 | &nbsp;&nbsp; 482528 |
| Santander UK Group Holdings PLC<sup>(k)</sup>  | Santander UK Group Holdings PLC<sup>(k)</sup>  | Santander UK Group Holdings PLC<sup>(k)</sup>  | Santander UK Group Holdings PLC<sup>(k)</sup>  | Santander UK Group Holdings PLC<sup>(k)</sup>  |
| 06/14/2027 | &nbsp;&nbsp; 1.673% |  | 110000 | &nbsp;&nbsp; 106290 |
| Toronto-Dominion Bank (The) | Toronto-Dominion Bank (The) | Toronto-Dominion Bank (The) | Toronto-Dominion Bank (The) | Toronto-Dominion Bank (The) |
| 09/09/2025 | &nbsp;&nbsp; 2.667% | CAD | 601000 | &nbsp;&nbsp; 437729 |
| Toronto-Dominion Bank (The)<sup>(k)</sup>  | Toronto-Dominion Bank (The)<sup>(k)</sup>  | Toronto-Dominion Bank (The)<sup>(k)</sup>  | Toronto-Dominion Bank (The)<sup>(k)</sup>  | Toronto-Dominion Bank (The)<sup>(k)</sup>  |
| 10/31/2082 | &nbsp;&nbsp; 8.125% |  | 630000 | &nbsp;&nbsp; 660929 |
| US Bancorp<sup>(j),(k)</sup>  | US Bancorp<sup>(j),(k)</sup>  | US Bancorp<sup>(j),(k)</sup>  | US Bancorp<sup>(j),(k)</sup>  | US Bancorp<sup>(j),(k)</sup>  |
|  | &nbsp;&nbsp; 3.700% |  | 345000 | &nbsp;&nbsp; 330057 |
| Webster Financial Corp.<sup>(k)</sup>  | Webster Financial Corp.<sup>(k)</sup>  | Webster Financial Corp.<sup>(k)</sup>  | Webster Financial Corp.<sup>(k)</sup>  | Webster Financial Corp.<sup>(k)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 11/01/2030 | &nbsp;&nbsp; 3.875% |  | 255000 | &nbsp;&nbsp; 248714 |
| Wells Fargo & Co.<sup>(k)</sup>  | Wells Fargo & Co.<sup>(k)</sup>  | Wells Fargo & Co.<sup>(k)</sup>  | Wells Fargo & Co.<sup>(k)</sup>  | Wells Fargo & Co.<sup>(k)</sup>  |
| 06/02/2028 | &nbsp;&nbsp; 2.393% |  | 140000 | &nbsp;&nbsp; 133986 |
| 07/25/2029 | &nbsp;&nbsp; 5.574% |  | 1180000 | &nbsp;&nbsp; 1210488 |
| 02/11/2031 | &nbsp;&nbsp; 2.572% |  | 280000 | &nbsp;&nbsp; 253041 |
| 01/23/2035 | &nbsp;&nbsp; 5.499% |  | 50000 | &nbsp;&nbsp; 50286 |
| 12/03/2035 | &nbsp;&nbsp; 5.211% |  | 30000 | &nbsp;&nbsp; 29434 |
| Wells Fargo & Co.<sup>(a),(k)</sup>  | Wells Fargo & Co.<sup>(a),(k)</sup>  | Wells Fargo & Co.<sup>(a),(k)</sup>  | Wells Fargo & Co.<sup>(a),(k)</sup>  | Wells Fargo & Co.<sup>(a),(k)</sup>  |
| 07/22/2032 | &nbsp;&nbsp; 3.900% | EUR | 205000 | &nbsp;&nbsp; 239304 |
| Western Alliance Ban corp.<sup>(k)</sup>  | Western Alliance Ban corp.<sup>(k)</sup>  | Western Alliance Ban corp.<sup>(k)</sup>  | Western Alliance Ban corp.<sup>(k)</sup>  | Western Alliance Ban corp.<sup>(k)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 06/15/2031 | &nbsp;&nbsp; 3.000% |  | 490000 | &nbsp;&nbsp; 453545 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **15773516** |
| **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** |
| Jane Street Group/Finance, Inc.<sup>(a)</sup>  | Jane Street Group/Finance, Inc.<sup>(a)</sup>  | Jane Street Group/Finance, Inc.<sup>(a)</sup>  | Jane Street Group/Finance, Inc.<sup>(a)</sup>  | Jane Street Group/Finance, Inc.<sup>(a)</sup>  |
| 11/01/2032 | &nbsp;&nbsp; 6.125% |  | 30000 | &nbsp;&nbsp; 30043 |
| Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 4.500% |  | 95000 | &nbsp;&nbsp; 91541 |
| 04/30/2031 | &nbsp;&nbsp; 7.125% |  | 80000 | &nbsp;&nbsp; 83552 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **205136** |
| **Building Materials 0.3%** | **Building Materials 0.3%** | **Building Materials 0.3%** | **Building Materials 0.3%** | **Building Materials 0.3%** |
| Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 6.375% |  | 150000 | &nbsp;&nbsp; 152382 |
| 03/01/2033 | &nbsp;&nbsp; 6.750% |  | 189000 | &nbsp;&nbsp; 191732 |
| Stanley Black & Decker, Inc.<sup>(k)</sup>  | Stanley Black & Decker, Inc.<sup>(k)</sup>  | Stanley Black & Decker, Inc.<sup>(k)</sup>  | Stanley Black & Decker, Inc.<sup>(k)</sup>  | Stanley Black & Decker, Inc.<sup>(k)</sup>  |
| 03/15/2060 | &nbsp;&nbsp; 6.677% |  | 870000 | &nbsp;&nbsp; 843962 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1188076** |
| **Cable and Satellite 0.9%** | **Cable and Satellite 0.9%** | **Cable and Satellite 0.9%** | **Cable and Satellite 0.9%** | **Cable and Satellite 0.9%** |
| Cable One, Inc.<sup>(a)</sup>  | Cable One, Inc.<sup>(a)</sup>  | Cable One, Inc.<sup>(a)</sup>  | Cable One, Inc.<sup>(a)</sup>  | Cable One, Inc.<sup>(a)</sup>  |
| 11/15/2030 | &nbsp;&nbsp; 4.000% |  | 75000 | &nbsp;&nbsp; 58146 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 4.750% | 15000 | &nbsp;&nbsp; 14321 |
| 02/01/2031 | &nbsp;&nbsp; 4.250% | 110000 | &nbsp;&nbsp; 100700 |
| Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital |
| 04/01/2031 | &nbsp;&nbsp; 2.800% | 50000 | &nbsp;&nbsp; 43842 |
| 02/01/2032 | &nbsp;&nbsp; 2.300% | 20000 | &nbsp;&nbsp; 16467 |
| 02/01/2034 | &nbsp;&nbsp; 6.650% | 40000 | &nbsp;&nbsp; 41998 |
| 04/01/2048 | &nbsp;&nbsp; 5.750% | 490000 | &nbsp;&nbsp; 429365 |
| 07/01/2049 | &nbsp;&nbsp; 5.125% | 690000 | &nbsp;&nbsp; 554929 |
| 04/01/2051 | &nbsp;&nbsp; 3.700% | 290000 | &nbsp;&nbsp; 185830 |
| CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  |
| 01/31/2029 | &nbsp;&nbsp; 11.750% | 307000 | &nbsp;&nbsp; 287988 |
| 02/01/2029 | &nbsp;&nbsp; 6.500% | 136000 | &nbsp;&nbsp; 108569 |
| 01/15/2030 | &nbsp;&nbsp; 5.750% | 36000 | &nbsp;&nbsp; 18383 |
| 12/01/2030 | &nbsp;&nbsp; 4.625% | 55000 | &nbsp;&nbsp; 25414 |
| EchoStar Corp. | EchoStar Corp. | EchoStar Corp. | EchoStar Corp. |
| 11/30/2029 | &nbsp;&nbsp; 10.750% | 195000 | &nbsp;&nbsp; 196103 |
| Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  |
| 08/01/2027 | &nbsp;&nbsp; 5.000% | 330000 | &nbsp;&nbsp; 326708 |
| 07/01/2030 | &nbsp;&nbsp; 4.125% | 635000 | &nbsp;&nbsp; 577405 |
| Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC |
| 09/01/2041 | &nbsp;&nbsp; 5.500% | 360000 | &nbsp;&nbsp; 315890 |
| Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 5.500% | 510000 | &nbsp;&nbsp; 496684 |
| 08/15/2030 | &nbsp;&nbsp; 4.500% | 200000 | &nbsp;&nbsp; 184421 |
| VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 5.000% | 340000 | &nbsp;&nbsp; 293934 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4277097** |
| **Chemicals 0.2%** | **Chemicals 0.2%** | **Chemicals 0.2%** | **Chemicals 0.2%** |
| Braskem Netherlands Finance BV<sup>(a)</sup>  | Braskem Netherlands Finance BV<sup>(a)</sup>  | Braskem Netherlands Finance BV<sup>(a)</sup>  | Braskem Netherlands Finance BV<sup>(a)</sup>  |
| 01/31/2030 | &nbsp;&nbsp; 4.500% | 200000 | &nbsp;&nbsp; 164921 |
| EverArc Escrow Sarl<sup>(a)</sup>  | EverArc Escrow Sarl<sup>(a)</sup>  | EverArc Escrow Sarl<sup>(a)</sup>  | EverArc Escrow Sarl<sup>(a)</sup>  |
| 10/30/2029 | &nbsp;&nbsp; 5.000% | 212000 | &nbsp;&nbsp; 201626 |
| International Flavors & Fragrances, Inc.<sup>(a)</sup>  | International Flavors & Fragrances, Inc.<sup>(a)</sup>  | International Flavors & Fragrances, Inc.<sup>(a)</sup>  | International Flavors & Fragrances, Inc.<sup>(a)</sup>  |
| 11/01/2030 | &nbsp;&nbsp; 2.300% | 455000 | &nbsp;&nbsp; 395199 |
| 11/15/2040 | &nbsp;&nbsp; 3.268% | 5000 | &nbsp;&nbsp; 3559 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **765305** |
| **Construction Machinery 0.2%** | **Construction Machinery 0.2%** | **Construction Machinery 0.2%** | **Construction Machinery 0.2%** |
| United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. |
| 07/15/2030 | &nbsp;&nbsp; 4.000% | 285000 | &nbsp;&nbsp; 267717 |
| 02/15/2031 | &nbsp;&nbsp; 3.875% | 590000 | &nbsp;&nbsp; 544814 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **812531** |
| **Consumer Cyclical Services 0.3%** | **Consumer Cyclical Services 0.3%** | **Consumer Cyclical Services 0.3%** | **Consumer Cyclical Services 0.3%** |
| Allied Universal Holdco LLC/Finance Corp.<sup>(a)</sup>  | Allied Universal Holdco LLC/Finance Corp.<sup>(a)</sup>  | Allied Universal Holdco LLC/Finance Corp.<sup>(a)</sup>  | Allied Universal Holdco LLC/Finance Corp.<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 9.750% | 20000 | &nbsp;&nbsp; 20161 |
| Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 4.125% | 150000 | &nbsp;&nbsp; 138631 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| OT Midco, Inc.<sup>(a)</sup>  | OT Midco, Inc.<sup>(a)</sup>  | OT Midco, Inc.<sup>(a)</sup>  | OT Midco, Inc.<sup>(a)</sup>  | OT Midco, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 10.000% |  | 125000 | &nbsp;&nbsp; 104093 |
| Raven Acquisition Holdings LLC<sup>(a)</sup>  | Raven Acquisition Holdings LLC<sup>(a)</sup>  | Raven Acquisition Holdings LLC<sup>(a)</sup>  | Raven Acquisition Holdings LLC<sup>(a)</sup>  | Raven Acquisition Holdings LLC<sup>(a)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 6.875% |  | 100000 | &nbsp;&nbsp; 99732 |
| Rollins, Inc.<sup>(a)</sup>  | Rollins, Inc.<sup>(a)</sup>  | Rollins, Inc.<sup>(a)</sup>  | Rollins, Inc.<sup>(a)</sup>  | Rollins, Inc.<sup>(a)</sup>  |
| 02/24/2035 | &nbsp;&nbsp; 5.250% |  | 315000 | &nbsp;&nbsp; 312395 |
| Staples, Inc.<sup>(a)</sup>  | Staples, Inc.<sup>(a)</sup>  | Staples, Inc.<sup>(a)</sup>  | Staples, Inc.<sup>(a)</sup>  | Staples, Inc.<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 10.750% |  | 45000 | &nbsp;&nbsp; 41061 |
| Uber Technologies, Inc. | Uber Technologies, Inc. | Uber Technologies, Inc. | Uber Technologies, Inc. | Uber Technologies, Inc. |
| 01/15/2030 | &nbsp;&nbsp; 4.300% |  | 398000 | &nbsp;&nbsp; 392640 |
| 09/15/2034 | &nbsp;&nbsp; 4.800% |  | 210000 | &nbsp;&nbsp; 202802 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1311515** |
| **Consumer Products 0.2%** | **Consumer Products 0.2%** | **Consumer Products 0.2%** | **Consumer Products 0.2%** | **Consumer Products 0.2%** |
| Edgewell Personal Care Co.<sup>(a)</sup>  | Edgewell Personal Care Co.<sup>(a)</sup>  | Edgewell Personal Care Co.<sup>(a)</sup>  | Edgewell Personal Care Co.<sup>(a)</sup>  | Edgewell Personal Care Co.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 5.500% |  | 94000 | &nbsp;&nbsp; 92420 |
| 04/01/2029 | &nbsp;&nbsp; 4.125% |  | 10000 | &nbsp;&nbsp; 9361 |
| Energizer Holdings, Inc.<sup>(a)</sup>  | Energizer Holdings, Inc.<sup>(a)</sup>  | Energizer Holdings, Inc.<sup>(a)</sup>  | Energizer Holdings, Inc.<sup>(a)</sup>  | Energizer Holdings, Inc.<sup>(a)</sup>  |
| 12/31/2027 | &nbsp;&nbsp; 6.500% |  | 150000 | &nbsp;&nbsp; 150628 |
| 03/31/2029 | &nbsp;&nbsp; 4.375% |  | 40000 | &nbsp;&nbsp; 37562 |
| Galderma Finance Europe BV<sup>(a)</sup>  | Galderma Finance Europe BV<sup>(a)</sup>  | Galderma Finance Europe BV<sup>(a)</sup>  | Galderma Finance Europe BV<sup>(a)</sup>  | Galderma Finance Europe BV<sup>(a)</sup>  |
| 03/20/2030 | &nbsp;&nbsp; 3.500% | EUR | 100000 | &nbsp;&nbsp; 114759 |
| MajorDrive Holdings IV LLC<sup>(a)</sup>  | MajorDrive Holdings IV LLC<sup>(a)</sup>  | MajorDrive Holdings IV LLC<sup>(a)</sup>  | MajorDrive Holdings IV LLC<sup>(a)</sup>  | MajorDrive Holdings IV LLC<sup>(a)</sup>  |
| 06/01/2029 | &nbsp;&nbsp; 6.375% |  | 85000 | &nbsp;&nbsp; 64160 |
| Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  |
| 03/31/2032 | &nbsp;&nbsp; 6.500% |  | 105000 | &nbsp;&nbsp; 104925 |
| Prestige Brands, Inc.<sup>(a)</sup>  | Prestige Brands, Inc.<sup>(a)</sup>  | Prestige Brands, Inc.<sup>(a)</sup>  | Prestige Brands, Inc.<sup>(a)</sup>  | Prestige Brands, Inc.<sup>(a)</sup>  |
| 04/01/2031 | &nbsp;&nbsp; 3.750% |  | 207000 | &nbsp;&nbsp; 188072 |
| Spectrum Brands, Inc.<sup>(a)</sup>  | Spectrum Brands, Inc.<sup>(a)</sup>  | Spectrum Brands, Inc.<sup>(a)</sup>  | Spectrum Brands, Inc.<sup>(a)</sup>  | Spectrum Brands, Inc.<sup>(a)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 3.875% |  | 272000 | &nbsp;&nbsp; 217668 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **979555** |
| **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** |
| Johnson Controls International PLC/Tyco Fire & Security Finance SCA | Johnson Controls International PLC/Tyco Fire & Security Finance SCA | Johnson Controls International PLC/Tyco Fire & Security Finance SCA | Johnson Controls International PLC/Tyco Fire & Security Finance SCA | Johnson Controls International PLC/Tyco Fire & Security Finance SCA |
| 09/15/2027 | &nbsp;&nbsp; 0.375% | EUR | 100000 | &nbsp;&nbsp; 108498 |
| Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 5.250% |  | 100000 | &nbsp;&nbsp; 99079 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **207577** |
| **Electric 1.9%** | **Electric 1.9%** | **Electric 1.9%** | **Electric 1.9%** | **Electric 1.9%** |
| AES Corp. (The)<sup>(k)</sup>  | AES Corp. (The)<sup>(k)</sup>  | AES Corp. (The)<sup>(k)</sup>  | AES Corp. (The)<sup>(k)</sup>  | AES Corp. (The)<sup>(k)</sup>  |
| 01/15/2055 | &nbsp;&nbsp; 7.600% |  | 1350000 | &nbsp;&nbsp; 1364925 |
| Alliant Energy Finance LLC<sup>(a)</sup>  | Alliant Energy Finance LLC<sup>(a)</sup>  | Alliant Energy Finance LLC<sup>(a)</sup>  | Alliant Energy Finance LLC<sup>(a)</sup>  | Alliant Energy Finance LLC<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 3.600% |  | 405000 | &nbsp;&nbsp; 362956 |
| Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.750% |  | 205000 | &nbsp;&nbsp; 209057 |
| American Electric Power Co., Inc.<sup>(k)</sup>  | American Electric Power Co., Inc.<sup>(k)</sup>  | American Electric Power Co., Inc.<sup>(k)</sup>  | American Electric Power Co., Inc.<sup>(k)</sup>  | American Electric Power Co., Inc.<sup>(k)</sup>  |
| 12/15/2054 | &nbsp;&nbsp; 6.950% |  | 670000 | &nbsp;&nbsp; 685628 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. |
| 08/15/2034 | &nbsp;&nbsp; 5.700% |  | 545000 | &nbsp;&nbsp; 552699 |
| Black Hills Corp. | Black Hills Corp. | Black Hills Corp. | Black Hills Corp. | Black Hills Corp. |
| 05/15/2034 | &nbsp;&nbsp; 6.150% |  | 360000 | &nbsp;&nbsp; 370514 |
| CMS Energy Corp.<sup>(k)</sup>  | CMS Energy Corp.<sup>(k)</sup>  | CMS Energy Corp.<sup>(k)</sup>  | CMS Energy Corp.<sup>(k)</sup>  | CMS Energy Corp.<sup>(k)</sup>  |
| 06/01/2055 | &nbsp;&nbsp; 6.500% |  | 140000 | &nbsp;&nbsp; 138184 |
| Dominion Energy, Inc.<sup>(k)</sup>  | Dominion Energy, Inc.<sup>(k)</sup>  | Dominion Energy, Inc.<sup>(k)</sup>  | Dominion Energy, Inc.<sup>(k)</sup>  | Dominion Energy, Inc.<sup>(k)</sup>  |
| 06/01/2054 | &nbsp;&nbsp; 7.000% |  | 435000 | &nbsp;&nbsp; 458751 |
| 02/01/2055 | &nbsp;&nbsp; 6.875% |  | 335000 | &nbsp;&nbsp; 346630 |
| 05/15/2055 | &nbsp;&nbsp; 6.625% |  | 355000 | &nbsp;&nbsp; 355266 |
| Duke Energy Corp.<sup>(k)</sup>  | Duke Energy Corp.<sup>(k)</sup>  | Duke Energy Corp.<sup>(k)</sup>  | Duke Energy Corp.<sup>(k)</sup>  | Duke Energy Corp.<sup>(k)</sup>  |
| 09/01/2054 | &nbsp;&nbsp; 6.450% |  | 90000 | &nbsp;&nbsp; 91148 |
| Duke Energy Progress LLC | Duke Energy Progress LLC | Duke Energy Progress LLC | Duke Energy Progress LLC | Duke Energy Progress LLC |
| 12/01/2044 | &nbsp;&nbsp; 4.150% |  | 225000 | &nbsp;&nbsp; 178762 |
| E.ON SE<sup>(a)</sup>  | E.ON SE<sup>(a)</sup>  | E.ON SE<sup>(a)</sup>  | E.ON SE<sup>(a)</sup>  | E.ON SE<sup>(a)</sup>  |
| 11/07/2031 | &nbsp;&nbsp; 0.625% | EUR | 170000 | &nbsp;&nbsp; 167033 |
| 04/16/2033 | &nbsp;&nbsp; 3.500% | EUR | 100000 | &nbsp;&nbsp; 114561 |
| Emera, Inc.<sup>(k)</sup>  | Emera, Inc.<sup>(k)</sup>  | Emera, Inc.<sup>(k)</sup>  | Emera, Inc.<sup>(k)</sup>  | Emera, Inc.<sup>(k)</sup>  |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
| 06/15/2076 | &nbsp;&nbsp; 6.750% |  | 700000 | &nbsp;&nbsp; 704905 |
| Eurogrid GmbH<sup>(a)</sup>  | Eurogrid GmbH<sup>(a)</sup>  | Eurogrid GmbH<sup>(a)</sup>  | Eurogrid GmbH<sup>(a)</sup>  | Eurogrid GmbH<sup>(a)</sup>  |
| 05/15/2032 | &nbsp;&nbsp; 1.113% | EUR | 100000 | &nbsp;&nbsp; 98264 |
| 04/21/2033 | &nbsp;&nbsp; 0.741% | EUR | 100000 | &nbsp;&nbsp; 92518 |
| Evergy Missouri West, Inc.<sup>(a)</sup>  | Evergy Missouri West, Inc.<sup>(a)</sup>  | Evergy Missouri West, Inc.<sup>(a)</sup>  | Evergy Missouri West, Inc.<sup>(a)</sup>  | Evergy Missouri West, Inc.<sup>(a)</sup>  |
| 06/01/2034 | &nbsp;&nbsp; 5.650% |  | 480000 | &nbsp;&nbsp; 483303 |
| Exelon Corp.<sup>(k)</sup>  | Exelon Corp.<sup>(k)</sup>  | Exelon Corp.<sup>(k)</sup>  | Exelon Corp.<sup>(k)</sup>  | Exelon Corp.<sup>(k)</sup>  |
| 03/15/2055 | &nbsp;&nbsp; 6.500% |  | 525000 | &nbsp;&nbsp; 523060 |
| FirstEnergy Transmission LLC<sup>(a)</sup>  | FirstEnergy Transmission LLC<sup>(a)</sup>  | FirstEnergy Transmission LLC<sup>(a)</sup>  | FirstEnergy Transmission LLC<sup>(a)</sup>  | FirstEnergy Transmission LLC<sup>(a)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 2.866% |  | 229000 | &nbsp;&nbsp; 216619 |
| Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.750% |  | 170000 | &nbsp;&nbsp; 171369 |
| NextEra Energy Capital Holdings, Inc.<sup>(k)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(k)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(k)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(k)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(k)</sup>  |
| 08/15/2055 | &nbsp;&nbsp; 6.500% |  | 190000 | &nbsp;&nbsp; 191670 |
| NSTAR Electric Co. | NSTAR Electric Co. | NSTAR Electric Co. | NSTAR Electric Co. | NSTAR Electric Co. |
| 05/15/2027 | &nbsp;&nbsp; 3.200% |  | 520000 | &nbsp;&nbsp; 509230 |
| Southern Co. (The) | Southern Co. (The) | Southern Co. (The) | Southern Co. (The) | Southern Co. (The) |
| 07/01/2026 | &nbsp;&nbsp; 3.250% |  | 184000 | &nbsp;&nbsp; 181751 |
| Southern Co. (The)<sup>(k)</sup>  | Southern Co. (The)<sup>(k)</sup>  | Southern Co. (The)<sup>(k)</sup>  | Southern Co. (The)<sup>(k)</sup>  | Southern Co. (The)<sup>(k)</sup>  |
| 03/15/2055 | &nbsp;&nbsp; 6.750% |  | 340000 | &nbsp;&nbsp; 346036 |
| Southwestern Electric Power Co. | Southwestern Electric Power Co. | Southwestern Electric Power Co. | Southwestern Electric Power Co. | Southwestern Electric Power Co. |
| 11/01/2051 | &nbsp;&nbsp; 3.250% |  | 85000 | &nbsp;&nbsp; 52653 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **8967492** |
| **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** |
| Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 7.000% |  | 175000 | &nbsp;&nbsp; 179840 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Finance Companies 0.4%** | **Finance Companies 0.4%** | **Finance Companies 0.4%** | **Finance Companies 0.4%** | **Finance Companies 0.4%** |
| AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust |
| 10/29/2028 | &nbsp;&nbsp; 3.000% |  | 250000 | &nbsp;&nbsp; 236002 |
| AerCap Ireland Capital DAC/Global Aviation Trust<sup>(k)</sup>  | AerCap Ireland Capital DAC/Global Aviation Trust<sup>(k)</sup>  | AerCap Ireland Capital DAC/Global Aviation Trust<sup>(k)</sup>  | AerCap Ireland Capital DAC/Global Aviation Trust<sup>(k)</sup>  | AerCap Ireland Capital DAC/Global Aviation Trust<sup>(k)</sup>  |
| 03/10/2055 | &nbsp;&nbsp; 6.950% |  | 330000 | &nbsp;&nbsp; 338608 |
| 01/31/2056 | &nbsp;&nbsp; 6.500% |  | 320000 | &nbsp;&nbsp; 316372 |
| Air Lease Corp.<sup>(j),(k)</sup>  | Air Lease Corp.<sup>(j),(k)</sup>  | Air Lease Corp.<sup>(j),(k)</sup>  | Air Lease Corp.<sup>(j),(k)</sup>  | Air Lease Corp.<sup>(j),(k)</sup>  |
|  | &nbsp;&nbsp; 4.125% |  | 255000 | &nbsp;&nbsp; 245830 |
| Avolon Holdings Funding Ltd.<sup>(a)</sup>  | Avolon Holdings Funding Ltd.<sup>(a)</sup>  | Avolon Holdings Funding Ltd.<sup>(a)</sup>  | Avolon Holdings Funding Ltd.<sup>(a)</sup>  | Avolon Holdings Funding Ltd.<sup>(a)</sup>  |
| 11/18/2027 | &nbsp;&nbsp; 2.528% |  | 399000 | &nbsp;&nbsp; 375751 |
| FirstCash, Inc.<sup>(a)</sup>  | FirstCash, Inc.<sup>(a)</sup>  | FirstCash, Inc.<sup>(a)</sup>  | FirstCash, Inc.<sup>(a)</sup>  | FirstCash, Inc.<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 6.875% |  | 100000 | &nbsp;&nbsp; 102522 |
| GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  |
| 02/15/2027 | &nbsp;&nbsp; 8.000% |  | 260000 | &nbsp;&nbsp; 267437 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1882522** |
| **Food and Beverage 1.2%** | **Food and Beverage 1.2%** | **Food and Beverage 1.2%** | **Food and Beverage 1.2%** | **Food and Beverage 1.2%** |
| Becle SAB de CV<sup>(a)</sup>  | Becle SAB de CV<sup>(a)</sup>  | Becle SAB de CV<sup>(a)</sup>  | Becle SAB de CV<sup>(a)</sup>  | Becle SAB de CV<sup>(a)</sup>  |
| 10/14/2031 | &nbsp;&nbsp; 2.500% |  | 540000 | &nbsp;&nbsp; 441958 |
| Bimbo Bakeries USA, Inc.<sup>(a)</sup>  | Bimbo Bakeries USA, Inc.<sup>(a)</sup>  | Bimbo Bakeries USA, Inc.<sup>(a)</sup>  | Bimbo Bakeries USA, Inc.<sup>(a)</sup>  | Bimbo Bakeries USA, Inc.<sup>(a)</sup>  |
| 01/09/2036 | &nbsp;&nbsp; 5.375% |  | 440000 | &nbsp;&nbsp; 426192 |
| Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 6.000% |  | 630000 | &nbsp;&nbsp; 631113 |
| JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. |
| 04/01/2033 | &nbsp;&nbsp; 5.750% |  | 124000 | &nbsp;&nbsp; 125774 |
| JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl |
| 03/15/2034 | &nbsp;&nbsp; 6.750% |  | 82000 | &nbsp;&nbsp; 88093 |
| JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. |
| 12/01/2031 | &nbsp;&nbsp; 3.750% |  | 390000 | &nbsp;&nbsp; 357885 |
| 01/15/2032 | &nbsp;&nbsp; 3.625% |  | 320000 | &nbsp;&nbsp; 287914 |
| Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. |
| 01/26/2039 | &nbsp;&nbsp; 6.875% |  | 200000 | &nbsp;&nbsp; 215931 |
| 06/01/2046 | &nbsp;&nbsp; 4.375% |  | 620000 | &nbsp;&nbsp; 489697 |
| Kraft Heinz Foods Co.<sup>(a)</sup>  | Kraft Heinz Foods Co.<sup>(a)</sup>  | Kraft Heinz Foods Co.<sup>(a)</sup>  | Kraft Heinz Foods Co.<sup>(a)</sup>  | Kraft Heinz Foods Co.<sup>(a)</sup>  |
| 08/01/2039 | &nbsp;&nbsp; 7.125% |  | 240000 | &nbsp;&nbsp; 264203 |
| MARB BondCo PLC<sup>(a)</sup>  | MARB BondCo PLC<sup>(a)</sup>  | MARB BondCo PLC<sup>(a)</sup>  | MARB BondCo PLC<sup>(a)</sup>  | MARB BondCo PLC<sup>(a)</sup>  |
| 01/29/2031 | &nbsp;&nbsp; 3.950% |  | 400000 | &nbsp;&nbsp; 351094 |
| Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  |
| 03/01/2035 | &nbsp;&nbsp; 5.200% |  | 415000 | &nbsp;&nbsp; 413782 |
| Mondelez International Holdings Netherlands BV<sup>(a)</sup>  | Mondelez International Holdings Netherlands BV<sup>(a)</sup>  | Mondelez International Holdings Netherlands BV<sup>(a)</sup>  | Mondelez International Holdings Netherlands BV<sup>(a)</sup>  | Mondelez International Holdings Netherlands BV<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 0.875% | EUR | 100000 | &nbsp;&nbsp; 98746 |
| Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 4.250% |  | 220000 | &nbsp;&nbsp; 209566 |
| Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. |
| 07/01/2033 | &nbsp;&nbsp; 6.250% |  | 275000 | &nbsp;&nbsp; 285639 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  |
| 12/15/2029 | &nbsp;&nbsp; 5.500% |  | 225000 | &nbsp;&nbsp; 222162 |
| 09/15/2031 | &nbsp;&nbsp; 4.500% |  | 65000 | &nbsp;&nbsp; 59270 |
| 03/01/2033 | &nbsp;&nbsp; 6.375% |  | 575000 | &nbsp;&nbsp; 571512 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5540531** |
| **Gaming 0.6%** | **Gaming 0.6%** | **Gaming 0.6%** | **Gaming 0.6%** | **Gaming 0.6%** |
| Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 6.500% |  | 30000 | &nbsp;&nbsp; 30249 |
| FDJ United<sup>(a)</sup>  | FDJ United<sup>(a)</sup>  | FDJ United<sup>(a)</sup>  | FDJ United<sup>(a)</sup>  | FDJ United<sup>(a)</sup>  |
| 11/21/2033 | &nbsp;&nbsp; 3.375% | EUR | 100000 | &nbsp;&nbsp; 111716 |
| GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. |
| 04/15/2026 | &nbsp;&nbsp; 5.375% |  | 90000 | &nbsp;&nbsp; 89826 |
| 06/01/2028 | &nbsp;&nbsp; 5.750% |  | 80000 | &nbsp;&nbsp; 81469 |
| 01/15/2029 | &nbsp;&nbsp; 5.300% |  | 20000 | &nbsp;&nbsp; 20046 |
| 01/15/2031 | &nbsp;&nbsp; 4.000% |  | 105000 | &nbsp;&nbsp; 97603 |
| Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 8.750% |  | 80000 | &nbsp;&nbsp; 77690 |
| Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. |
| 06/15/2028 | &nbsp;&nbsp; 5.625% |  | 405000 | &nbsp;&nbsp; 405968 |
| MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International |
| 10/15/2028 | &nbsp;&nbsp; 4.750% |  | 20000 | &nbsp;&nbsp; 19562 |
| 04/15/2032 | &nbsp;&nbsp; 6.500% |  | 65000 | &nbsp;&nbsp; 64863 |
| Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.125% |  | 185000 | &nbsp;&nbsp; 165774 |
| VICI Properties LP | VICI Properties LP | VICI Properties LP | VICI Properties LP | VICI Properties LP |
| 05/15/2032 | &nbsp;&nbsp; 5.125% |  | 395000 | &nbsp;&nbsp; 387283 |
| 04/01/2035 | &nbsp;&nbsp; 5.625% |  | 360000 | &nbsp;&nbsp; 356605 |
| VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 4.500% |  | 29000 | &nbsp;&nbsp; 28641 |
| 12/01/2029 | &nbsp;&nbsp; 4.625% |  | 185000 | &nbsp;&nbsp; 179521 |
| 08/15/2030 | &nbsp;&nbsp; 4.125% |  | 450000 | &nbsp;&nbsp; 424357 |
| Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  |
| 07/01/2032 | &nbsp;&nbsp; 9.250% |  | 163000 | &nbsp;&nbsp; 168289 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2709462** |
| **Health Care 1.2%** | **Health Care 1.2%** | **Health Care 1.2%** | **Health Care 1.2%** | **Health Care 1.2%** |
| 180 Medical, Inc.<sup>(a)</sup>  | 180 Medical, Inc.<sup>(a)</sup>  | 180 Medical, Inc.<sup>(a)</sup>  | 180 Medical, Inc.<sup>(a)</sup>  | 180 Medical, Inc.<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 3.875% |  | 311000 | &nbsp;&nbsp; 295335 |
| American Medical Systems Europe BV | American Medical Systems Europe BV | American Medical Systems Europe BV | American Medical Systems Europe BV | American Medical Systems Europe BV |
| 03/08/2031 | &nbsp;&nbsp; 3.000% | EUR | 220000 | &nbsp;&nbsp; 249555 |
| Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 8.375% |  | 60000 | &nbsp;&nbsp; 62287 |
| Baylor Scott & White Holdings | Baylor Scott & White Holdings | Baylor Scott & White Holdings | Baylor Scott & White Holdings | Baylor Scott & White Holdings |
| 11/15/2026 | &nbsp;&nbsp; 2.650% |  | 500000 | &nbsp;&nbsp; 489102 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 03/25/2038 | &nbsp;&nbsp; 4.780% |  | 35000 | &nbsp;&nbsp; 31110 |
| 03/25/2048 | &nbsp;&nbsp; 5.050% |  | 185000 | &nbsp;&nbsp; 154238 |
| 06/01/2053 | &nbsp;&nbsp; 5.875% |  | 109000 | &nbsp;&nbsp; 100317 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CVS Health Corp.<sup>(k)</sup>  | CVS Health Corp.<sup>(k)</sup>  | CVS Health Corp.<sup>(k)</sup>  | CVS Health Corp.<sup>(k)</sup>  | CVS Health Corp.<sup>(k)</sup>  |
| 03/10/2055 | &nbsp;&nbsp; 7.000% |  | 305000 | &nbsp;&nbsp; 307123 |
| Fortrea Holdings, Inc.<sup>(a)</sup>  | Fortrea Holdings, Inc.<sup>(a)</sup>  | Fortrea Holdings, Inc.<sup>(a)</sup>  | Fortrea Holdings, Inc.<sup>(a)</sup>  | Fortrea Holdings, Inc.<sup>(a)</sup>  |
| 07/01/2030 | &nbsp;&nbsp; 7.500% |  | 235000 | &nbsp;&nbsp; 195756 |
| Hackensack Meridian Health, Inc. | Hackensack Meridian Health, Inc. | Hackensack Meridian Health, Inc. | Hackensack Meridian Health, Inc. | Hackensack Meridian Health, Inc. |
| 07/01/2057 | &nbsp;&nbsp; 4.500% |  | 300000 | &nbsp;&nbsp; 238232 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 09/15/2025 | &nbsp;&nbsp; 7.580% |  | 125000 | &nbsp;&nbsp; 125786 |
| 12/01/2027 | &nbsp;&nbsp; 7.050% |  | 115000 | &nbsp;&nbsp; 120636 |
| 09/01/2028 | &nbsp;&nbsp; 5.625% |  | 100000 | &nbsp;&nbsp; 102241 |
| 09/01/2030 | &nbsp;&nbsp; 3.500% |  | 739000 | &nbsp;&nbsp; 688774 |
| 04/01/2034 | &nbsp;&nbsp; 5.600% |  | 680000 | &nbsp;&nbsp; 683236 |
| Lonza Finance International NV<sup>(a)</sup>  | Lonza Finance International NV<sup>(a)</sup>  | Lonza Finance International NV<sup>(a)</sup>  | Lonza Finance International NV<sup>(a)</sup>  | Lonza Finance International NV<sup>(a)</sup>  |
| 09/04/2034 | &nbsp;&nbsp; 3.500% | EUR | 105000 | &nbsp;&nbsp; 118585 |
| ModivCare, Inc.<sup>(a),(l)</sup>  | ModivCare, Inc.<sup>(a),(l)</sup>  | ModivCare, Inc.<sup>(a),(l)</sup>  | ModivCare, Inc.<sup>(a),(l)</sup>  | ModivCare, Inc.<sup>(a),(l)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 5.000% |  | 390600 | &nbsp;&nbsp; 105462 |
| Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 5.250% |  | 25000 | &nbsp;&nbsp; 24428 |
| New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) |
| 08/01/2036 | &nbsp;&nbsp; 3.563% |  | 390000 | &nbsp;&nbsp; 331916 |
| Option Care Health, Inc.<sup>(a)</sup>  | Option Care Health, Inc.<sup>(a)</sup>  | Option Care Health, Inc.<sup>(a)</sup>  | Option Care Health, Inc.<sup>(a)</sup>  | Option Care Health, Inc.<sup>(a)</sup>  |
| 10/31/2029 | &nbsp;&nbsp; 4.375% |  | 160000 | &nbsp;&nbsp; 152554 |
| Rede D'or Finance SARL<sup>(a)</sup>  | Rede D'or Finance SARL<sup>(a)</sup>  | Rede D'or Finance SARL<sup>(a)</sup>  | Rede D'or Finance SARL<sup>(a)</sup>  | Rede D'or Finance SARL<sup>(a)</sup>  |
| 01/22/2030 | &nbsp;&nbsp; 4.500% |  | 200000 | &nbsp;&nbsp; 187882 |
| Sartorius Finance BV<sup>(a)</sup>  | Sartorius Finance BV<sup>(a)</sup>  | Sartorius Finance BV<sup>(a)</sup>  | Sartorius Finance BV<sup>(a)</sup>  | Sartorius Finance BV<sup>(a)</sup>  |
| 09/14/2035 | &nbsp;&nbsp; 4.875% | EUR | 100000 | &nbsp;&nbsp; 121105 |
| Sotera Health Holdings LLC<sup>(a)</sup>  | Sotera Health Holdings LLC<sup>(a)</sup>  | Sotera Health Holdings LLC<sup>(a)</sup>  | Sotera Health Holdings LLC<sup>(a)</sup>  | Sotera Health Holdings LLC<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 7.375% |  | 95000 | &nbsp;&nbsp; 98768 |
| Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 9.000% |  | 215000 | &nbsp;&nbsp; 222212 |
| Stryker Corp. | Stryker Corp. | Stryker Corp. | Stryker Corp. | Stryker Corp. |
| 02/10/2028 | &nbsp;&nbsp; 4.700% |  | 510000 | &nbsp;&nbsp; 514605 |
| Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. |
| 10/01/2049 | &nbsp;&nbsp; 1.875% | EUR | 120000 | &nbsp;&nbsp; 89633 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5810878** |
| **Healthcare Insurance 0.4%** | **Healthcare Insurance 0.4%** | **Healthcare Insurance 0.4%** | **Healthcare Insurance 0.4%** | **Healthcare Insurance 0.4%** |
| Centene Corp. | Centene Corp. | Centene Corp. | Centene Corp. | Centene Corp. |
| 12/15/2029 | &nbsp;&nbsp; 4.625% |  | 135000 | &nbsp;&nbsp; 130006 |
| 02/15/2030 | &nbsp;&nbsp; 3.375% |  | 470000 | &nbsp;&nbsp; 428216 |
| 10/15/2030 | &nbsp;&nbsp; 3.000% |  | 585000 | &nbsp;&nbsp; 514645 |
| 03/01/2031 | &nbsp;&nbsp; 2.500% |  | 445000 | &nbsp;&nbsp; 377942 |
| Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. |
| 02/15/2035 | &nbsp;&nbsp; 5.200% |  | 90000 | &nbsp;&nbsp; 89478 |
| Humana, Inc. | Humana, Inc. | Humana, Inc. | Humana, Inc. | Humana, Inc. |
| 05/01/2035 | &nbsp;&nbsp; 5.550% |  | 170000 | &nbsp;&nbsp; 166929 |
| Molina Healthcare, Inc.<sup>(a)</sup>  | Molina Healthcare, Inc.<sup>(a)</sup>  | Molina Healthcare, Inc.<sup>(a)</sup>  | Molina Healthcare, Inc.<sup>(a)</sup>  | Molina Healthcare, Inc.<sup>(a)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 6.250% |  | 205000 | &nbsp;&nbsp; 205058 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 07/15/2034 | &nbsp;&nbsp; 5.150% |  | 200000 | &nbsp;&nbsp; 197464 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2109738** |
| **Healthcare REIT 0.0%** | **Healthcare REIT 0.0%** | **Healthcare REIT 0.0%** | **Healthcare REIT 0.0%** | **Healthcare REIT 0.0%** |
| Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP |
| 01/15/2028 | &nbsp;&nbsp; 3.625% |  | 63000 | &nbsp;&nbsp; 61106 |
| 03/15/2031 | &nbsp;&nbsp; 2.050% |  | 16000 | &nbsp;&nbsp; 13150 |
| Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP |
| 02/15/2030 | &nbsp;&nbsp; 3.100% |  | 10000 | &nbsp;&nbsp; 9166 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **83422** |
| **Independent Energy 1.2%** | **Independent Energy 1.2%** | **Independent Energy 1.2%** | **Independent Energy 1.2%** | **Independent Energy 1.2%** |
| Aker BP ASA<sup>(a)</sup>  | Aker BP ASA<sup>(a)</sup>  | Aker BP ASA<sup>(a)</sup>  | Aker BP ASA<sup>(a)</sup>  | Aker BP ASA<sup>(a)</sup>  |
| 10/01/2034 | &nbsp;&nbsp; 5.125% |  | 310000 | &nbsp;&nbsp; 290646 |
| Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  |
| 07/01/2031 | &nbsp;&nbsp; 8.750% |  | 470000 | &nbsp;&nbsp; 460349 |
| Continental Resources, Inc.<sup>(a)</sup>  | Continental Resources, Inc.<sup>(a)</sup>  | Continental Resources, Inc.<sup>(a)</sup>  | Continental Resources, Inc.<sup>(a)</sup>  | Continental Resources, Inc.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 5.750% |  | 476000 | &nbsp;&nbsp; 474121 |
| 04/01/2032 | &nbsp;&nbsp; 2.875% |  | 888000 | &nbsp;&nbsp; 726546 |
| Encana Corp. | Encana Corp. | Encana Corp. | Encana Corp. | Encana Corp. |
| 08/15/2034 | &nbsp;&nbsp; 6.500% |  | 495000 | &nbsp;&nbsp; 496749 |
| 02/01/2038 | &nbsp;&nbsp; 6.500% |  | 340000 | &nbsp;&nbsp; 329949 |
| EQT Corp.<sup>(a)</sup>  | EQT Corp.<sup>(a)</sup>  | EQT Corp.<sup>(a)</sup>  | EQT Corp.<sup>(a)</sup>  | EQT Corp.<sup>(a)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 3.625% |  | 870000 | &nbsp;&nbsp; 791332 |
| EQT Corp. | EQT Corp. | EQT Corp. | EQT Corp. | EQT Corp. |
| 02/01/2034 | &nbsp;&nbsp; 5.750% |  | 175000 | &nbsp;&nbsp; 176240 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| 09/01/2030 | &nbsp;&nbsp; 6.625% |  | 550000 | &nbsp;&nbsp; 572553 |
| 01/01/2031 | &nbsp;&nbsp; 6.125% |  | 285000 | &nbsp;&nbsp; 290182 |
| 05/01/2031 | &nbsp;&nbsp; 7.500% |  | 195000 | &nbsp;&nbsp; 209991 |
| 09/15/2036 | &nbsp;&nbsp; 6.450% |  | 90000 | &nbsp;&nbsp; 88310 |
| Petrorio Luxembourg Sarl<sup>(a)</sup>  | Petrorio Luxembourg Sarl<sup>(a)</sup>  | Petrorio Luxembourg Sarl<sup>(a)</sup>  | Petrorio Luxembourg Sarl<sup>(a)</sup>  | Petrorio Luxembourg Sarl<sup>(a)</sup>  |
| 06/09/2026 | &nbsp;&nbsp; 6.125% |  | 200000 | &nbsp;&nbsp; 201556 |
| Var Energi ASA<sup>(a)</sup>  | Var Energi ASA<sup>(a)</sup>  | Var Energi ASA<sup>(a)</sup>  | Var Energi ASA<sup>(a)</sup>  | Var Energi ASA<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 7.500% |  | 200000 | &nbsp;&nbsp; 210321 |
| 05/22/2035 | &nbsp;&nbsp; 6.500% |  | 340000 | &nbsp;&nbsp; 343561 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5662406** |
| **Integrated Energy 0.3%** | **Integrated Energy 0.3%** | **Integrated Energy 0.3%** | **Integrated Energy 0.3%** | **Integrated Energy 0.3%** |
| Cenovus Energy, Inc. | Cenovus Energy, Inc. | Cenovus Energy, Inc. | Cenovus Energy, Inc. | Cenovus Energy, Inc. |
| 02/07/2028 | &nbsp;&nbsp; 3.500% | CAD | 215000 | &nbsp;&nbsp; 156336 |
| 11/15/2039 | &nbsp;&nbsp; 6.750% |  | 983000 | &nbsp;&nbsp; 1033124 |
| 06/15/2047 | &nbsp;&nbsp; 5.400% |  | 310000 | &nbsp;&nbsp; 266820 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1456280** |
| **Leisure 0.3%** | **Leisure 0.3%** | **Leisure 0.3%** | **Leisure 0.3%** | **Leisure 0.3%** |
| Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 5.750% | EUR | 160000 | &nbsp;&nbsp; 195070 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  |
| 10/15/2027 | &nbsp;&nbsp; 4.750% | 89000 | &nbsp;&nbsp; 87540 |
| NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  |
| 02/01/2032 | &nbsp;&nbsp; 6.750% | 380000 | &nbsp;&nbsp; 380146 |
| Royal Caribbean Cruises Ltd.<sup>(a)</sup>  | Royal Caribbean Cruises Ltd.<sup>(a)</sup>  | Royal Caribbean Cruises Ltd.<sup>(a)</sup>  | Royal Caribbean Cruises Ltd.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 6.000% | 575000 | &nbsp;&nbsp; 577235 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1239991** |
| **Life Insurance 0.0%** | **Life Insurance 0.0%** | **Life Insurance 0.0%** | **Life Insurance 0.0%** |
| Athene Global Funding<sup>(a)</sup>  | Athene Global Funding<sup>(a)</sup>  | Athene Global Funding<sup>(a)</sup>  | Athene Global Funding<sup>(a)</sup>  |
| 03/08/2027 | &nbsp;&nbsp; 3.205% | 95000 | &nbsp;&nbsp; 91739 |
| 08/19/2028 | &nbsp;&nbsp; 1.985% | 10000 | &nbsp;&nbsp; 9146 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **100885** |
| **Lodging 0.2%** | **Lodging 0.2%** | **Lodging 0.2%** | **Lodging 0.2%** |
| Hilton Domestic Operating Co., Inc. | Hilton Domestic Operating Co., Inc. | Hilton Domestic Operating Co., Inc. | Hilton Domestic Operating Co., Inc. |
| 01/15/2030 | &nbsp;&nbsp; 4.875% | 351000 | &nbsp;&nbsp; 343878 |
| Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 3.625% | 383000 | &nbsp;&nbsp; 340762 |
| Travel + Leisure Co.<sup>(a)</sup>  | Travel + Leisure Co.<sup>(a)</sup>  | Travel + Leisure Co.<sup>(a)</sup>  | Travel + Leisure Co.<sup>(a)</sup>  |
| 12/01/2029 | &nbsp;&nbsp; 4.500% | 380000 | &nbsp;&nbsp; 361423 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1046063** |
| **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** |
| AMC Networks, Inc.<sup>(a)</sup>  | AMC Networks, Inc.<sup>(a)</sup>  | AMC Networks, Inc.<sup>(a)</sup>  | AMC Networks, Inc.<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 10.250% | 100000 | &nbsp;&nbsp; 106215 |
| News Corp.<sup>(a)</sup>  | News Corp.<sup>(a)</sup>  | News Corp.<sup>(a)</sup>  | News Corp.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 3.875% | 745000 | &nbsp;&nbsp; 706758 |
| Sinclair Television Group, Inc.<sup>(a)</sup>  | Sinclair Television Group, Inc.<sup>(a)</sup>  | Sinclair Television Group, Inc.<sup>(a)</sup>  | Sinclair Television Group, Inc.<sup>(a)</sup>  |
| 02/15/2033 | &nbsp;&nbsp; 8.125% | 65000 | &nbsp;&nbsp; 65065 |
| Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  |
| 03/01/2033 | &nbsp;&nbsp; 6.875% | 170000 | &nbsp;&nbsp; 172182 |
| Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. |
| 03/15/2032 | &nbsp;&nbsp; 4.279% | 220000 | &nbsp;&nbsp; 186922 |
| 03/15/2042 | &nbsp;&nbsp; 5.050% | 185000 | &nbsp;&nbsp; 133196 |
| 03/15/2052 | &nbsp;&nbsp; 5.141% | 733000 | &nbsp;&nbsp; 474960 |
| WMG Acquisition Corp<sup>(a)</sup>  | WMG Acquisition Corp<sup>(a)</sup>  | WMG Acquisition Corp<sup>(a)</sup>  | WMG Acquisition Corp<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 3.000% | 655000 | &nbsp;&nbsp; 587388 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2432686** |
| **Metals and Mining 0.6%** | **Metals and Mining 0.6%** | **Metals and Mining 0.6%** | **Metals and Mining 0.6%** |
| ATI, Inc. | ATI, Inc. | ATI, Inc. | ATI, Inc. |
| 08/15/2030 | &nbsp;&nbsp; 7.250% | 92000 | &nbsp;&nbsp; 96392 |
| Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 6.750% | 1045000 | &nbsp;&nbsp; 937736 |
| 05/01/2033 | &nbsp;&nbsp; 7.375% | 385000 | &nbsp;&nbsp; 330539 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. |
| 08/01/2030 | &nbsp;&nbsp; 4.625% | 265000 | &nbsp;&nbsp; 260714 |
| 11/14/2034 | &nbsp;&nbsp; 5.400% | 280000 | &nbsp;&nbsp; 279373 |
| 03/15/2043 | &nbsp;&nbsp; 5.450% | 895000 | &nbsp;&nbsp; 827892 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2732646** |
| **Midstream 1.4%** | **Midstream 1.4%** | **Midstream 1.4%** | **Midstream 1.4%** |
| AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 9.375% | 238000 | &nbsp;&nbsp; 240325 |
| 06/01/2030 | &nbsp;&nbsp; 9.500% | 81000 | &nbsp;&nbsp; 81816 |
| Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP |
| 03/01/2031 | &nbsp;&nbsp; 4.000% | 735000 | &nbsp;&nbsp; 687842 |
| Columbia Pipelines Operating Co. LLC<sup>(a)</sup>  | Columbia Pipelines Operating Co. LLC<sup>(a)</sup>  | Columbia Pipelines Operating Co. LLC<sup>(a)</sup>  | Columbia Pipelines Operating Co. LLC<sup>(a)</sup>  |
| 11/15/2033 | &nbsp;&nbsp; 6.036% | 275000 | &nbsp;&nbsp; 283407 |
| Enbridge, Inc.<sup>(k)</sup>  | Enbridge, Inc.<sup>(k)</sup>  | Enbridge, Inc.<sup>(k)</sup>  | Enbridge, Inc.<sup>(k)</sup>  |
| 06/27/2054 | &nbsp;&nbsp; 7.200% | 360000 | &nbsp;&nbsp; 363015 |
| 01/15/2084 | &nbsp;&nbsp; 8.500% | 465000 | &nbsp;&nbsp; 505818 |
| Energy Transfer LP<sup>(j),(k)</sup>  | Energy Transfer LP<sup>(j),(k)</sup>  | Energy Transfer LP<sup>(j),(k)</sup>  | Energy Transfer LP<sup>(j),(k)</sup>  |
|  | &nbsp;&nbsp; 6.625% | 336000 | &nbsp;&nbsp; 330484 |
|  | &nbsp;&nbsp; 7.125% | 420000 | &nbsp;&nbsp; 422495 |
| Energy Transfer LP<sup>(k)</sup>  | Energy Transfer LP<sup>(k)</sup>  | Energy Transfer LP<sup>(k)</sup>  | Energy Transfer LP<sup>(k)</sup>  |
| 05/15/2054 | &nbsp;&nbsp; 8.000% | 485000 | &nbsp;&nbsp; 507831 |
| Ferrellgas LP/Finance Corp.<sup>(a)</sup>  | Ferrellgas LP/Finance Corp.<sup>(a)</sup>  | Ferrellgas LP/Finance Corp.<sup>(a)</sup>  | Ferrellgas LP/Finance Corp.<sup>(a)</sup>  |
| 04/01/2026 | &nbsp;&nbsp; 5.375% | 200000 | &nbsp;&nbsp; 197054 |
| 04/01/2029 | &nbsp;&nbsp; 5.875% | 219000 | &nbsp;&nbsp; 198391 |
| Global Partners LP/Finance Corp. | Global Partners LP/Finance Corp. | Global Partners LP/Finance Corp. | Global Partners LP/Finance Corp. |
| 01/15/2029 | &nbsp;&nbsp; 6.875% | 150000 | &nbsp;&nbsp; 150797 |
| NGL Energy Operating LLC/Finance Corp.<sup>(a)</sup>  | NGL Energy Operating LLC/Finance Corp.<sup>(a)</sup>  | NGL Energy Operating LLC/Finance Corp.<sup>(a)</sup>  | NGL Energy Operating LLC/Finance Corp.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.375% | 70000 | &nbsp;&nbsp; 66106 |
| South Bow Canadian Infrastructure Holdings Ltd.<sup>(a),(k)</sup>  | South Bow Canadian Infrastructure Holdings Ltd.<sup>(a),(k)</sup>  | South Bow Canadian Infrastructure Holdings Ltd.<sup>(a),(k)</sup>  | South Bow Canadian Infrastructure Holdings Ltd.<sup>(a),(k)</sup>  |
| 03/01/2055 | &nbsp;&nbsp; 7.500% | 265000 | &nbsp;&nbsp; 263890 |
| TMS Issuer Sarl<sup>(a)</sup>  | TMS Issuer Sarl<sup>(a)</sup>  | TMS Issuer Sarl<sup>(a)</sup>  | TMS Issuer Sarl<sup>(a)</sup>  |
| 08/23/2032 | &nbsp;&nbsp; 5.780% | 300000 | &nbsp;&nbsp; 308035 |
| TransCanada PipeLines Ltd. | TransCanada PipeLines Ltd. | TransCanada PipeLines Ltd. | TransCanada PipeLines Ltd. |
| 03/01/2034 | &nbsp;&nbsp; 4.625% | 5000 | &nbsp;&nbsp; 4709 |
| TransCanada PipeLines Ltd.<sup>(k)</sup>  | TransCanada PipeLines Ltd.<sup>(k)</sup>  | TransCanada PipeLines Ltd.<sup>(k)</sup>  | TransCanada PipeLines Ltd.<sup>(k)</sup>  |
| 06/01/2065 | &nbsp;&nbsp; 7.000% | 250000 | &nbsp;&nbsp; 248201 |
| Transcanada Trust<sup>(k)</sup>  | Transcanada Trust<sup>(k)</sup>  | Transcanada Trust<sup>(k)</sup>  | Transcanada Trust<sup>(k)</sup>  |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
| 03/07/2082 | &nbsp;&nbsp; 5.600% | 455000 | &nbsp;&nbsp; 426799 |
| TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 8.500% | 100000 | &nbsp;&nbsp; 102456 |
| Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 3.875% | 196000 | &nbsp;&nbsp; 182500 |
| Venture Global LNG, Inc.<sup>(a),(j),(k)</sup>  | Venture Global LNG, Inc.<sup>(a),(j),(k)</sup>  | Venture Global LNG, Inc.<sup>(a),(j),(k)</sup>  | Venture Global LNG, Inc.<sup>(a),(j),(k)</sup>  |
|  | &nbsp;&nbsp; 9.000% | 689000 | &nbsp;&nbsp; 652222 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 7.000% |  | 78000 | &nbsp;&nbsp; 77741 |
| 02/01/2032 | &nbsp;&nbsp; 9.875% |  | 177000 | &nbsp;&nbsp; 188555 |
| Western Midstream Operating LP<sup>(k)</sup>  | Western Midstream Operating LP<sup>(k)</sup>  | Western Midstream Operating LP<sup>(k)</sup>  | Western Midstream Operating LP<sup>(k)</sup>  | Western Midstream Operating LP<sup>(k)</sup>  |
| 02/01/2030 | &nbsp;&nbsp; 4.050% |  | 285000 | &nbsp;&nbsp; 270941 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **6761430** |
| **Natural Gas 0.3%** | **Natural Gas 0.3%** | **Natural Gas 0.3%** | **Natural Gas 0.3%** | **Natural Gas 0.3%** |
| KeySpan Gas East Corp.<sup>(a)</sup>  | KeySpan Gas East Corp.<sup>(a)</sup>  | KeySpan Gas East Corp.<sup>(a)</sup>  | KeySpan Gas East Corp.<sup>(a)</sup>  | KeySpan Gas East Corp.<sup>(a)</sup>  |
| 03/06/2033 | &nbsp;&nbsp; 5.994% |  | 225000 | &nbsp;&nbsp; 229774 |
| National Gas Transmission PLC<sup>(a)</sup>  | National Gas Transmission PLC<sup>(a)</sup>  | National Gas Transmission PLC<sup>(a)</sup>  | National Gas Transmission PLC<sup>(a)</sup>  | National Gas Transmission PLC<sup>(a)</sup>  |
| 04/05/2030 | &nbsp;&nbsp; 4.250% | EUR | 200000 | &nbsp;&nbsp; 237673 |
| Northwest Natural Holding Co.<sup>(k)</sup>  | Northwest Natural Holding Co.<sup>(k)</sup>  | Northwest Natural Holding Co.<sup>(k)</sup>  | Northwest Natural Holding Co.<sup>(k)</sup>  | Northwest Natural Holding Co.<sup>(k)</sup>  |
| 09/15/2055 | &nbsp;&nbsp; 7.000% |  | 415000 | &nbsp;&nbsp; 414684 |
| Sempra<sup>(k)</sup>  | Sempra<sup>(k)</sup>  | Sempra<sup>(k)</sup>  | Sempra<sup>(k)</sup>  | Sempra<sup>(k)</sup>  |
| 04/01/2055 | &nbsp;&nbsp; 6.550% |  | 310000 | &nbsp;&nbsp; 290237 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1172368** |
| **Office REIT 0.1%** | **Office REIT 0.1%** | **Office REIT 0.1%** | **Office REIT 0.1%** | **Office REIT 0.1%** |
| Hudson Pacific Properties LP | Hudson Pacific Properties LP | Hudson Pacific Properties LP | Hudson Pacific Properties LP | Hudson Pacific Properties LP |
| 11/01/2027 | &nbsp;&nbsp; 3.950% |  | 117000 | &nbsp;&nbsp; 102440 |
| 02/15/2028 | &nbsp;&nbsp; 5.950% |  | 5000 | &nbsp;&nbsp; 4299 |
| 04/01/2029 | &nbsp;&nbsp; 4.650% |  | 155000 | &nbsp;&nbsp; 112329 |
| 01/15/2030 | &nbsp;&nbsp; 3.250% |  | 65000 | &nbsp;&nbsp; 44032 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **263100** |
| **Oil Field Services 0.1%** | **Oil Field Services 0.1%** | **Oil Field Services 0.1%** | **Oil Field Services 0.1%** | **Oil Field Services 0.1%** |
| Aris Water Holdings LLC<sup>(a)</sup>  | Aris Water Holdings LLC<sup>(a)</sup>  | Aris Water Holdings LLC<sup>(a)</sup>  | Aris Water Holdings LLC<sup>(a)</sup>  | Aris Water Holdings LLC<sup>(a)</sup>  |
| 04/01/2030 | &nbsp;&nbsp; 7.250% |  | 105000 | &nbsp;&nbsp; 105725 |
| Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  |
| 02/01/2028 | &nbsp;&nbsp; 8.375% |  | 86857 | &nbsp;&nbsp; 88174 |
| Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 8.750% |  | 68000 | &nbsp;&nbsp; 68934 |
| USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 7.125% |  | 180000 | &nbsp;&nbsp; 182957 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **445790** |
| **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** |
| Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. |
| 01/15/2029 | &nbsp;&nbsp; 9.750% |  | 85000 | &nbsp;&nbsp; 82247 |
| 06/15/2030 | &nbsp;&nbsp; 9.000% |  | 250000 | &nbsp;&nbsp; 226532 |
| Icahn Enterprises LP/Finance Corp.<sup>(a)</sup>  | Icahn Enterprises LP/Finance Corp.<sup>(a)</sup>  | Icahn Enterprises LP/Finance Corp.<sup>(a)</sup>  | Icahn Enterprises LP/Finance Corp.<sup>(a)</sup>  | Icahn Enterprises LP/Finance Corp.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 10.000% |  | 16000 | &nbsp;&nbsp; 15601 |
| Vonovia SE<sup>(a)</sup>  | Vonovia SE<sup>(a)</sup>  | Vonovia SE<sup>(a)</sup>  | Vonovia SE<sup>(a)</sup>  | Vonovia SE<sup>(a)</sup>  |
| 09/01/2032 | &nbsp;&nbsp; 0.750% | EUR | 200000 | &nbsp;&nbsp; 186167 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **510547** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Other Industry 0.1%** | **Other Industry 0.1%** | **Other Industry 0.1%** | **Other Industry 0.1%** | **Other Industry 0.1%** |
| Adtalem Global Education, Inc.<sup>(a)</sup>  | Adtalem Global Education, Inc.<sup>(a)</sup>  | Adtalem Global Education, Inc.<sup>(a)</sup>  | Adtalem Global Education, Inc.<sup>(a)</sup>  | Adtalem Global Education, Inc.<sup>(a)</sup>  |
| 03/01/2028 | &nbsp;&nbsp; 5.500% |  | 103000 | &nbsp;&nbsp; 102292 |
| Albion Financing 1 SARL/Aggreko Holdings, Inc.<sup>(a)</sup>  | Albion Financing 1 SARL/Aggreko Holdings, Inc.<sup>(a)</sup>  | Albion Financing 1 SARL/Aggreko Holdings, Inc.<sup>(a)</sup>  | Albion Financing 1 SARL/Aggreko Holdings, Inc.<sup>(a)</sup>  | Albion Financing 1 SARL/Aggreko Holdings, Inc.<sup>(a)</sup>  |
| 05/21/2030 | &nbsp;&nbsp; 7.000% |  | 73000 | &nbsp;&nbsp; 74200 |
| Artera Services LLC<sup>(a)</sup>  | Artera Services LLC<sup>(a)</sup>  | Artera Services LLC<sup>(a)</sup>  | Artera Services LLC<sup>(a)</sup>  | Artera Services LLC<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 8.500% |  | 120000 | &nbsp;&nbsp; 102554 |
| Grand Canyon University | Grand Canyon University | Grand Canyon University | Grand Canyon University | Grand Canyon University |
| 10/01/2028 | &nbsp;&nbsp; 5.125% |  | 110000 | &nbsp;&nbsp; 104488 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **383534** |
| **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** |
| American Assets Trust LP | American Assets Trust LP | American Assets Trust LP | American Assets Trust LP | American Assets Trust LP |
| 02/01/2031 | &nbsp;&nbsp; 3.375% |  | 155000 | &nbsp;&nbsp; 135704 |
| BW Real Estate, Inc.<sup>(a),(k)</sup>  | BW Real Estate, Inc.<sup>(a),(k)</sup>  | BW Real Estate, Inc.<sup>(a),(k)</sup>  | BW Real Estate, Inc.<sup>(a),(k)</sup>  | BW Real Estate, Inc.<sup>(a),(k)</sup>  |
| 12/31/2079 | &nbsp;&nbsp; 9.500% |  | 120000 | &nbsp;&nbsp; 119736 |
| Digital Dutch Finco BV<sup>(a)</sup>  | Digital Dutch Finco BV<sup>(a)</sup>  | Digital Dutch Finco BV<sup>(a)</sup>  | Digital Dutch Finco BV<sup>(a)</sup>  | Digital Dutch Finco BV<sup>(a)</sup>  |
| 03/15/2035 | &nbsp;&nbsp; 3.875% | EUR | 220000 | &nbsp;&nbsp; 245456 |
| Extra Space Storage LP | Extra Space Storage LP | Extra Space Storage LP | Extra Space Storage LP | Extra Space Storage LP |
| 10/15/2031 | &nbsp;&nbsp; 2.400% |  | 30000 | &nbsp;&nbsp; 25530 |
| Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP |
| 12/15/2029 | &nbsp;&nbsp; 3.375% |  | 155000 | &nbsp;&nbsp; 143490 |
| 09/15/2030 | &nbsp;&nbsp; 3.500% |  | 115000 | &nbsp;&nbsp; 104839 |
| 06/15/2032 | &nbsp;&nbsp; 5.700% |  | 305000 | &nbsp;&nbsp; 303429 |
| Lexington Realty Trust | Lexington Realty Trust | Lexington Realty Trust | Lexington Realty Trust | Lexington Realty Trust |
| 09/15/2030 | &nbsp;&nbsp; 2.700% |  | 135000 | &nbsp;&nbsp; 118795 |
| Prologis Euro Finance LLC | Prologis Euro Finance LLC | Prologis Euro Finance LLC | Prologis Euro Finance LLC | Prologis Euro Finance LLC |
| 05/05/2034 | &nbsp;&nbsp; 4.000% | EUR | 125000 | &nbsp;&nbsp; 145361 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1342340** |
| **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** |
| Severn Trent Utilities Finance PLC<sup>(a)</sup>  | Severn Trent Utilities Finance PLC<sup>(a)</sup>  | Severn Trent Utilities Finance PLC<sup>(a)</sup>  | Severn Trent Utilities Finance PLC<sup>(a)</sup>  | Severn Trent Utilities Finance PLC<sup>(a)</sup>  |
| 08/04/2035 | &nbsp;&nbsp; 3.875% | EUR | 125000 | &nbsp;&nbsp; 142382 |
| Suez SACA<sup>(a)</sup>  | Suez SACA<sup>(a)</sup>  | Suez SACA<sup>(a)</sup>  | Suez SACA<sup>(a)</sup>  | Suez SACA<sup>(a)</sup>  |
| 05/24/2034 | &nbsp;&nbsp; 2.875% | EUR | 100000 | &nbsp;&nbsp; 106102 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **248484** |
| **Packaging 0.6%** | **Packaging 0.6%** | **Packaging 0.6%** | **Packaging 0.6%** | **Packaging 0.6%** |
| Amcor Flexibles North America, Inc.<sup>(a)</sup>  | Amcor Flexibles North America, Inc.<sup>(a)</sup>  | Amcor Flexibles North America, Inc.<sup>(a)</sup>  | Amcor Flexibles North America, Inc.<sup>(a)</sup>  | Amcor Flexibles North America, Inc.<sup>(a)</sup>  |
| 03/17/2028 | &nbsp;&nbsp; 4.800% |  | 315000 | &nbsp;&nbsp; 315840 |
| Amcor Group Finance PLC | Amcor Group Finance PLC | Amcor Group Finance PLC | Amcor Group Finance PLC | Amcor Group Finance PLC |
| 05/23/2029 | &nbsp;&nbsp; 5.450% |  | 190000 | &nbsp;&nbsp; 193524 |
| Ardagh Packaging Finance PLC/Holdings USA, Inc.<sup>(a)</sup>  | Ardagh Packaging Finance PLC/Holdings USA, Inc.<sup>(a)</sup>  | Ardagh Packaging Finance PLC/Holdings USA, Inc.<sup>(a)</sup>  | Ardagh Packaging Finance PLC/Holdings USA, Inc.<sup>(a)</sup>  | Ardagh Packaging Finance PLC/Holdings USA, Inc.<sup>(a)</sup>  |
| 08/15/2026 | &nbsp;&nbsp; 4.125% |  | 60000 | &nbsp;&nbsp; 54545 |
| 08/15/2027 | &nbsp;&nbsp; 5.250% |  | 206000 | &nbsp;&nbsp; 93833 |
| 08/15/2027 | &nbsp;&nbsp; 5.250% |  | 20000 | &nbsp;&nbsp; 9084 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Ball Corp. | Ball Corp. | Ball Corp. | Ball Corp. | Ball Corp. |
| 03/15/2026 | &nbsp;&nbsp; 4.875% |  | 86000 | &nbsp;&nbsp; 85955 |
| 03/15/2028 | &nbsp;&nbsp; 6.875% |  | 390000 | &nbsp;&nbsp; 398652 |
| 08/15/2030 | &nbsp;&nbsp; 2.875% |  | 775000 | &nbsp;&nbsp; 686856 |
| Berry Global Escrow Corp.<sup>(a)</sup>  | Berry Global Escrow Corp.<sup>(a)</sup>  | Berry Global Escrow Corp.<sup>(a)</sup>  | Berry Global Escrow Corp.<sup>(a)</sup>  | Berry Global Escrow Corp.<sup>(a)</sup>  |
| 07/15/2026 | &nbsp;&nbsp; 4.875% |  | 24000 | &nbsp;&nbsp; 23939 |
| Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. |
| 04/15/2028 | &nbsp;&nbsp; 5.500% |  | 360000 | &nbsp;&nbsp; 366461 |
| 01/15/2034 | &nbsp;&nbsp; 5.650% |  | 120000 | &nbsp;&nbsp; 120839 |
| Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.625% |  | 20000 | &nbsp;&nbsp; 20198 |
| Sealed Air Corp.<sup>(a)</sup>  | Sealed Air Corp.<sup>(a)</sup>  | Sealed Air Corp.<sup>(a)</sup>  | Sealed Air Corp.<sup>(a)</sup>  | Sealed Air Corp.<sup>(a)</sup>  |
| 09/15/2025 | &nbsp;&nbsp; 5.500% |  | 357000 | &nbsp;&nbsp; 356969 |
| 04/15/2029 | &nbsp;&nbsp; 5.000% |  | 175000 | &nbsp;&nbsp; 172129 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2898824** |
| **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** |
| Clearwater Paper Corp.<sup>(a)</sup>  | Clearwater Paper Corp.<sup>(a)</sup>  | Clearwater Paper Corp.<sup>(a)</sup>  | Clearwater Paper Corp.<sup>(a)</sup>  | Clearwater Paper Corp.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 4.750% |  | 100000 | &nbsp;&nbsp; 95681 |
| Graphic Packaging International LLC<sup>(a)</sup>  | Graphic Packaging International LLC<sup>(a)</sup>  | Graphic Packaging International LLC<sup>(a)</sup>  | Graphic Packaging International LLC<sup>(a)</sup>  | Graphic Packaging International LLC<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 4.750% |  | 93000 | &nbsp;&nbsp; 91642 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **187323** |
| **Pharmaceuticals 0.4%** | **Pharmaceuticals 0.4%** | **Pharmaceuticals 0.4%** | **Pharmaceuticals 0.4%** | **Pharmaceuticals 0.4%** |
| 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 10.000% |  | 200000 | &nbsp;&nbsp; 198007 |
| Allergan Funding SCS | Allergan Funding SCS | Allergan Funding SCS | Allergan Funding SCS | Allergan Funding SCS |
| 11/15/2028 | &nbsp;&nbsp; 2.625% | EUR | 100000 | &nbsp;&nbsp; 110225 |
| Bayer US Finance II LLC<sup>(a)</sup>  | Bayer US Finance II LLC<sup>(a)</sup>  | Bayer US Finance II LLC<sup>(a)</sup>  | Bayer US Finance II LLC<sup>(a)</sup>  | Bayer US Finance II LLC<sup>(a)</sup>  |
| 12/15/2025 | &nbsp;&nbsp; 4.250% |  | 100000 | &nbsp;&nbsp; 99551 |
| 12/15/2028 | &nbsp;&nbsp; 4.375% |  | 174000 | &nbsp;&nbsp; 170297 |
| 06/25/2038 | &nbsp;&nbsp; 4.625% |  | 520000 | &nbsp;&nbsp; 445758 |
| 07/15/2044 | &nbsp;&nbsp; 4.400% |  | 86000 | &nbsp;&nbsp; 64416 |
| Bayer US Finance LLC<sup>(a)</sup>  | Bayer US Finance LLC<sup>(a)</sup>  | Bayer US Finance LLC<sup>(a)</sup>  | Bayer US Finance LLC<sup>(a)</sup>  | Bayer US Finance LLC<sup>(a)</sup>  |
| 11/21/2053 | &nbsp;&nbsp; 6.875% |  | 120000 | &nbsp;&nbsp; 121565 |
| Grifols SA<sup>(a)</sup>  | Grifols SA<sup>(a)</sup>  | Grifols SA<sup>(a)</sup>  | Grifols SA<sup>(a)</sup>  | Grifols SA<sup>(a)</sup>  |
| 05/01/2030 | &nbsp;&nbsp; 7.500% | EUR | 296000 | &nbsp;&nbsp; 352940 |
| Kevlar SpA<sup>(a)</sup>  | Kevlar SpA<sup>(a)</sup>  | Kevlar SpA<sup>(a)</sup>  | Kevlar SpA<sup>(a)</sup>  | Kevlar SpA<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 6.500% |  | 161000 | &nbsp;&nbsp; 154587 |
| Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV |
| 12/01/2032 | &nbsp;&nbsp; 6.000% |  | 172000 | &nbsp;&nbsp; 173227 |
| Teva Pharmaceutical Finance Netherlands IV BV | Teva Pharmaceutical Finance Netherlands IV BV | Teva Pharmaceutical Finance Netherlands IV BV | Teva Pharmaceutical Finance Netherlands IV BV | Teva Pharmaceutical Finance Netherlands IV BV |
| 12/01/2030 | &nbsp;&nbsp; 5.750% |  | 39000 | &nbsp;&nbsp; 39333 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1929906** |
| **Property & Casualty 0.2%** | **Property & Casualty 0.2%** | **Property & Casualty 0.2%** | **Property & Casualty 0.2%** | **Property & Casualty 0.2%** |
| Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  |
| 04/15/2028 | &nbsp;&nbsp; 6.750% |  | 185000 | &nbsp;&nbsp; 187496 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Aon Corp. | Aon Corp. | Aon Corp. | Aon Corp. | Aon Corp. |
| 05/15/2030 | &nbsp;&nbsp; 2.800% |  | 230000 | &nbsp;&nbsp; 210747 |
| Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. |
| 06/19/2039 | &nbsp;&nbsp; 2.375% | GBP | 250000 | &nbsp;&nbsp; 229023 |
| Farmers Exchange Capital III<sup>(a),(k)</sup>  | Farmers Exchange Capital III<sup>(a),(k)</sup>  | Farmers Exchange Capital III<sup>(a),(k)</sup>  | Farmers Exchange Capital III<sup>(a),(k)</sup>  | Farmers Exchange Capital III<sup>(a),(k)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 10/15/2054 | &nbsp;&nbsp; 5.454% |  | 300000 | &nbsp;&nbsp; 267987 |
| Farmers Insurance Exchange<sup>(a),(k)</sup>  | Farmers Insurance Exchange<sup>(a),(k)</sup>  | Farmers Insurance Exchange<sup>(a),(k)</sup>  | Farmers Insurance Exchange<sup>(a),(k)</sup>  | Farmers Insurance Exchange<sup>(a),(k)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 11/01/2057 | &nbsp;&nbsp; 4.747% |  | 100000 | &nbsp;&nbsp; 80216 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **975469** |
| **Refining 0.0%** | **Refining 0.0%** | **Refining 0.0%** | **Refining 0.0%** | **Refining 0.0%** |
| MC Brazil Downstream Trading SARL<sup>(a)</sup>  | MC Brazil Downstream Trading SARL<sup>(a)</sup>  | MC Brazil Downstream Trading SARL<sup>(a)</sup>  | MC Brazil Downstream Trading SARL<sup>(a)</sup>  | MC Brazil Downstream Trading SARL<sup>(a)</sup>  |
| 06/30/2031 | &nbsp;&nbsp; 7.250% |  | 202542 | &nbsp;&nbsp; 159060 |
| **Restaurants 0.6%** | **Restaurants 0.6%** | **Restaurants 0.6%** | **Restaurants 0.6%** | **Restaurants 0.6%** |
| 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 3.875% |  | 430000 | &nbsp;&nbsp; 416249 |
| 02/15/2029 | &nbsp;&nbsp; 3.500% |  | 525000 | &nbsp;&nbsp; 493173 |
| McDonald's Corp.<sup>(a)</sup>  | McDonald's Corp.<sup>(a)</sup>  | McDonald's Corp.<sup>(a)</sup>  | McDonald's Corp.<sup>(a)</sup>  | McDonald's Corp.<sup>(a)</sup>  |
| 03/07/2035 | &nbsp;&nbsp; 4.250% | EUR | 100000 | &nbsp;&nbsp; 119246 |
| Papa John's International, Inc.<sup>(a)</sup>  | Papa John's International, Inc.<sup>(a)</sup>  | Papa John's International, Inc.<sup>(a)</sup>  | Papa John's International, Inc.<sup>(a)</sup>  | Papa John's International, Inc.<sup>(a)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 3.875% |  | 110000 | &nbsp;&nbsp; 103176 |
| Yum! Brands, Inc.<sup>(a)</sup>  | Yum! Brands, Inc.<sup>(a)</sup>  | Yum! Brands, Inc.<sup>(a)</sup>  | Yum! Brands, Inc.<sup>(a)</sup>  | Yum! Brands, Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 4.750% |  | 725000 | &nbsp;&nbsp; 709257 |
| Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. |
| 03/15/2031 | &nbsp;&nbsp; 3.625% |  | 760000 | &nbsp;&nbsp; 692104 |
| 01/31/2032 | &nbsp;&nbsp; 4.625% |  | 300000 | &nbsp;&nbsp; 284436 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2817641** |
| **Retail REIT 0.0%** | **Retail REIT 0.0%** | **Retail REIT 0.0%** | **Retail REIT 0.0%** | **Retail REIT 0.0%** |
| Realty Income Corp. | Realty Income Corp. | Realty Income Corp. | Realty Income Corp. | Realty Income Corp. |
| 07/06/2034 | &nbsp;&nbsp; 5.125% | EUR | 155000 | &nbsp;&nbsp; 192102 |
| **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** |
| Crocs, Inc.<sup>(a)</sup>  | Crocs, Inc.<sup>(a)</sup>  | Crocs, Inc.<sup>(a)</sup>  | Crocs, Inc.<sup>(a)</sup>  | Crocs, Inc.<sup>(a)</sup>  |
| 08/15/2031 | &nbsp;&nbsp; 4.125% |  | 110000 | &nbsp;&nbsp; 98103 |
| EZCORP, Inc.<sup>(a)</sup>  | EZCORP, Inc.<sup>(a)</sup>  | EZCORP, Inc.<sup>(a)</sup>  | EZCORP, Inc.<sup>(a)</sup>  | EZCORP, Inc.<sup>(a)</sup>  |
| 04/01/2032 | &nbsp;&nbsp; 7.375% |  | 175000 | &nbsp;&nbsp; 181944 |
| Magic MergeCo, Inc.<sup>(a)</sup>  | Magic MergeCo, Inc.<sup>(a)</sup>  | Magic MergeCo, Inc.<sup>(a)</sup>  | Magic MergeCo, Inc.<sup>(a)</sup>  | Magic MergeCo, Inc.<sup>(a)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 5.250% |  | 235000 | &nbsp;&nbsp; 162727 |
| 05/01/2029 | &nbsp;&nbsp; 7.875% |  | 51000 | &nbsp;&nbsp; 24895 |
| Rent-A-Center, Inc.<sup>(a)</sup>  | Rent-A-Center, Inc.<sup>(a)</sup>  | Rent-A-Center, Inc.<sup>(a)</sup>  | Rent-A-Center, Inc.<sup>(a)</sup>  | Rent-A-Center, Inc.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 6.375% |  | 225000 | &nbsp;&nbsp; 215333 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **683002** |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** |
| ELO SACA<sup>(a)</sup>  | ELO SACA<sup>(a)</sup>  | ELO SACA<sup>(a)</sup>  | ELO SACA<sup>(a)</sup>  | ELO SACA<sup>(a)</sup>  |
| 12/08/2028 | &nbsp;&nbsp; 4.875% | EUR | 100000 | &nbsp;&nbsp; 105698 |
| **Supranational 0.4%** | **Supranational 0.4%** | **Supranational 0.4%** | **Supranational 0.4%** | **Supranational 0.4%** |
| Asian Development Bank | Asian Development Bank | Asian Development Bank | Asian Development Bank | Asian Development Bank |
| 01/22/2029 | &nbsp;&nbsp; 3.625% | NOK | 3000000 | &nbsp;&nbsp; 288982 |
| Asian Infrastructure Investment Bank (The)<sup>(a)</sup>  | Asian Infrastructure Investment Bank (The)<sup>(a)</sup>  | Asian Infrastructure Investment Bank (The)<sup>(a)</sup>  | Asian Infrastructure Investment Bank (The)<sup>(a)</sup>  | Asian Infrastructure Investment Bank (The)<sup>(a)</sup>  |
| 12/15/2025 | &nbsp;&nbsp; 0.200% | GBP | 245000 | &nbsp;&nbsp; 322952 |
| Inter-American Development Bank<sup>(a)</sup>  | Inter-American Development Bank<sup>(a)</sup>  | Inter-American Development Bank<sup>(a)</sup>  | Inter-American Development Bank<sup>(a)</sup>  | Inter-American Development Bank<sup>(a)</sup>  |
| 10/30/2025 | &nbsp;&nbsp; 2.750% | AUD | 330000 | &nbsp;&nbsp; 211770 |
| Inter-American Development Bank | Inter-American Development Bank | Inter-American Development Bank | Inter-American Development Bank | Inter-American Development Bank |
| 01/29/2026 | &nbsp;&nbsp; 2.700% | AUD | 138000 | &nbsp;&nbsp; 88345 |
| International Bank for Reconstruction & Development | International Bank for Reconstruction & Development | International Bank for Reconstruction & Development | International Bank for Reconstruction & Development | International Bank for Reconstruction & Development |
| 03/16/2026 | &nbsp;&nbsp; 1.250% | NOK | 1410000 | &nbsp;&nbsp; 134726 |
| 08/08/2034 | &nbsp;&nbsp; 1.200% | EUR | 675000 | &nbsp;&nbsp; 662159 |
| International Development Association<sup>(a)</sup>  | International Development Association<sup>(a)</sup>  | International Development Association<sup>(a)</sup>  | International Development Association<sup>(a)</sup>  | International Development Association<sup>(a)</sup>  |
| 02/17/2027 | &nbsp;&nbsp; 1.750% | NOK | 900000 | &nbsp;&nbsp; 84643 |
| International Finance Corp. | International Finance Corp. | International Finance Corp. | International Finance Corp. | International Finance Corp. |
| 09/10/2025 | &nbsp;&nbsp; 0.375% | NZD | 367000 | &nbsp;&nbsp; 217506 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2011083** |
| **Technology 1.3%** | **Technology 1.3%** | **Technology 1.3%** | **Technology 1.3%** | **Technology 1.3%** |
| Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. |
| 05/06/2033 | &nbsp;&nbsp; 3.000% | EUR | 244000 | &nbsp;&nbsp; 276334 |
| Block, Inc. | Block, Inc. | Block, Inc. | Block, Inc. | Block, Inc. |
| 05/15/2032 | &nbsp;&nbsp; 6.500% |  | 85000 | &nbsp;&nbsp; 86918 |
| CACI International, Inc.<sup>(a),(g)</sup>  | CACI International, Inc.<sup>(a),(g)</sup>  | CACI International, Inc.<sup>(a),(g)</sup>  | CACI International, Inc.<sup>(a),(g)</sup>  | CACI International, Inc.<sup>(a),(g)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 6.375% |  | 215000 | &nbsp;&nbsp; 219146 |
| CDW LLC/Finance Corp. | CDW LLC/Finance Corp. | CDW LLC/Finance Corp. | CDW LLC/Finance Corp. | CDW LLC/Finance Corp. |
| 12/01/2031 | &nbsp;&nbsp; 3.569% |  | 120000 | &nbsp;&nbsp; 108894 |
| Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  |
| 06/30/2032 | &nbsp;&nbsp; 8.250% |  | 200000 | &nbsp;&nbsp; 210343 |
| Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.375% |  | 85000 | &nbsp;&nbsp; 78616 |
| CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.250% |  | 640000 | &nbsp;&nbsp; 639223 |
| Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. |
| 04/01/2028 | &nbsp;&nbsp; 4.750% |  | 315000 | &nbsp;&nbsp; 316341 |
| 04/01/2030 | &nbsp;&nbsp; 5.000% |  | 205000 | &nbsp;&nbsp; 206079 |
| 07/15/2046 | &nbsp;&nbsp; 8.350% |  | 275000 | &nbsp;&nbsp; 339089 |
| Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC |
| 11/22/2034 | &nbsp;&nbsp; 3.625% | EUR | 130000 | &nbsp;&nbsp; 144712 |
| Everi Holdings, Inc.<sup>(a)</sup>  | Everi Holdings, Inc.<sup>(a)</sup>  | Everi Holdings, Inc.<sup>(a)</sup>  | Everi Holdings, Inc.<sup>(a)</sup>  | Everi Holdings, Inc.<sup>(a)</sup>  |
| 07/15/2029 | &nbsp;&nbsp; 5.000% |  | 195000 | &nbsp;&nbsp; 196510 |
| Fiserv Funding ULC | Fiserv Funding ULC | Fiserv Funding ULC | Fiserv Funding ULC | Fiserv Funding ULC |
| 06/15/2036 | &nbsp;&nbsp; 4.000% | EUR | 205000 | &nbsp;&nbsp; 232132 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  |
| 01/25/2031 | &nbsp;&nbsp; 5.500% |  | 60000 | &nbsp;&nbsp; 60781 |
| Gartner, Inc.<sup>(a)</sup>  | Gartner, Inc.<sup>(a)</sup>  | Gartner, Inc.<sup>(a)</sup>  | Gartner, Inc.<sup>(a)</sup>  | Gartner, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 3.750% |  | 300000 | &nbsp;&nbsp; 280327 |
| Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 8.750% |  | 100000 | &nbsp;&nbsp; 101976 |
| Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. |
| 08/12/2031 | &nbsp;&nbsp; 2.000% |  | 50000 | &nbsp;&nbsp; 42144 |
| 02/10/2053 | &nbsp;&nbsp; 5.700% |  | 45000 | &nbsp;&nbsp; 40398 |
| MSCI, Inc.<sup>(a)</sup>  | MSCI, Inc.<sup>(a)</sup>  | MSCI, Inc.<sup>(a)</sup>  | MSCI, Inc.<sup>(a)</sup>  | MSCI, Inc.<sup>(a)</sup>  |
| 09/01/2030 | &nbsp;&nbsp; 3.625% |  | 635000 | &nbsp;&nbsp; 587019 |
| 02/15/2031 | &nbsp;&nbsp; 3.875% |  | 275000 | &nbsp;&nbsp; 255981 |
| 11/01/2031 | &nbsp;&nbsp; 3.625% |  | 345000 | &nbsp;&nbsp; 313187 |
| 08/15/2033 | &nbsp;&nbsp; 3.250% |  | 90000 | &nbsp;&nbsp; 77267 |
| NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 5.125% |  | 110000 | &nbsp;&nbsp; 107294 |
| Open Text Corp.<sup>(a)</sup>  | Open Text Corp.<sup>(a)</sup>  | Open Text Corp.<sup>(a)</sup>  | Open Text Corp.<sup>(a)</sup>  | Open Text Corp.<sup>(a)</sup>  |
| 12/01/2027 | &nbsp;&nbsp; 6.900% |  | 70000 | &nbsp;&nbsp; 72136 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| 04/01/2027 | &nbsp;&nbsp; 2.800% |  | 100000 | &nbsp;&nbsp; 97144 |
| 08/03/2028 | &nbsp;&nbsp; 4.800% |  | 215000 | &nbsp;&nbsp; 217221 |
| 11/15/2047 | &nbsp;&nbsp; 4.000% |  | 255000 | &nbsp;&nbsp; 189597 |
| Paychex, Inc. | Paychex, Inc. | Paychex, Inc. | Paychex, Inc. | Paychex, Inc. |
| 04/15/2032 | &nbsp;&nbsp; 5.350% |  | 415000 | &nbsp;&nbsp; 421160 |
| Sabre GLBL, Inc.<sup>(a)</sup>  | Sabre GLBL, Inc.<sup>(a)</sup>  | Sabre GLBL, Inc.<sup>(a)</sup>  | Sabre GLBL, Inc.<sup>(a)</sup>  | Sabre GLBL, Inc.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 10.750% |  | 40000 | &nbsp;&nbsp; 40804 |
| Visa, Inc. | Visa, Inc. | Visa, Inc. | Visa, Inc. | Visa, Inc. |
| 05/15/2033 | &nbsp;&nbsp; 3.125% | EUR | 145000 | &nbsp;&nbsp; 165073 |
| Xerox Corp.<sup>(a)</sup>  | Xerox Corp.<sup>(a)</sup>  | Xerox Corp.<sup>(a)</sup>  | Xerox Corp.<sup>(a)</sup>  | Xerox Corp.<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 10.250% |  | 215000 | &nbsp;&nbsp; 220923 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **6344769** |
| **Tobacco 0.0%** | **Tobacco 0.0%** | **Tobacco 0.0%** | **Tobacco 0.0%** | **Tobacco 0.0%** |
| Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. |
| 02/04/2028 | &nbsp;&nbsp; 4.875% |  | 165000 | &nbsp;&nbsp; 166503 |
| **Transportation Services 0.0%** | **Transportation Services 0.0%** | **Transportation Services 0.0%** | **Transportation Services 0.0%** | **Transportation Services 0.0%** |
| Heathrow Funding Ltd.<sup>(a)</sup>  | Heathrow Funding Ltd.<sup>(a)</sup>  | Heathrow Funding Ltd.<sup>(a)</sup>  | Heathrow Funding Ltd.<sup>(a)</sup>  | Heathrow Funding Ltd.<sup>(a)</sup>  |
| 10/08/2030 | &nbsp;&nbsp; 1.125% | EUR | 110000 | &nbsp;&nbsp; 111999 |
| **Whole Business 0.0%** | **Whole Business 0.0%** | **Whole Business 0.0%** | **Whole Business 0.0%** | **Whole Business 0.0%** |
| AA Bond Co., Ltd.<sup>(a)</sup>  | AA Bond Co., Ltd.<sup>(a)</sup>  | AA Bond Co., Ltd.<sup>(a)</sup>  | AA Bond Co., Ltd.<sup>(a)</sup>  | AA Bond Co., Ltd.<sup>(a)</sup>  |
| 01/31/2028 | &nbsp;&nbsp; 8.450% | GBP | 100000 | &nbsp;&nbsp; 142507 |
| **Wireless 1.0%** | **Wireless 1.0%** | **Wireless 1.0%** | **Wireless 1.0%** | **Wireless 1.0%** |
| American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. |
| 03/15/2030 | &nbsp;&nbsp; 4.900% |  | 195000 | &nbsp;&nbsp; 196079 |
| 06/15/2030 | &nbsp;&nbsp; 2.100% |  | 175000 | &nbsp;&nbsp; 153772 |
| 04/15/2031 | &nbsp;&nbsp; 2.700% |  | 75000 | &nbsp;&nbsp; 66384 |
| 05/16/2031 | &nbsp;&nbsp; 4.625% | EUR | 185000 | &nbsp;&nbsp; 224942 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Cellnex Finance Co. SA<sup>(a)</sup>  | Cellnex Finance Co. SA<sup>(a)</sup>  | Cellnex Finance Co. SA<sup>(a)</sup>  | Cellnex Finance Co. SA<sup>(a)</sup>  | Cellnex Finance Co. SA<sup>(a)</sup>  |
| 09/15/2032 | &nbsp;&nbsp; 2.000% | EUR | 300000 | &nbsp;&nbsp; 307469 |
| Global Switch Finance BV<sup>(a)</sup>  | Global Switch Finance BV<sup>(a)</sup>  | Global Switch Finance BV<sup>(a)</sup>  | Global Switch Finance BV<sup>(a)</sup>  | Global Switch Finance BV<sup>(a)</sup>  |
| 10/07/2030 | &nbsp;&nbsp; 1.375% | EUR | 150000 | &nbsp;&nbsp; 160427 |
| SBA Communications Corp. | SBA Communications Corp. | SBA Communications Corp. | SBA Communications Corp. | SBA Communications Corp. |
| 02/15/2027 | &nbsp;&nbsp; 3.875% |  | 570000 | &nbsp;&nbsp; 558843 |
| 02/01/2029 | &nbsp;&nbsp; 3.125% |  | 475000 | &nbsp;&nbsp; 441529 |
| Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  |
| 03/20/2028 | &nbsp;&nbsp; 5.152% |  | 753000 | &nbsp;&nbsp; 755725 |
| T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. |
| 04/15/2026 | &nbsp;&nbsp; 2.625% |  | 69000 | &nbsp;&nbsp; 67878 |
| 04/15/2027 | &nbsp;&nbsp; 3.750% |  | 20000 | &nbsp;&nbsp; 19743 |
| 02/01/2028 | &nbsp;&nbsp; 4.750% |  | 118000 | &nbsp;&nbsp; 118034 |
| 02/15/2031 | &nbsp;&nbsp; 2.875% |  | 125000 | &nbsp;&nbsp; 112565 |
| 04/15/2031 | &nbsp;&nbsp; 3.500% |  | 265000 | &nbsp;&nbsp; 246273 |
| 03/15/2032 | &nbsp;&nbsp; 2.700% |  | 220000 | &nbsp;&nbsp; 191167 |
| Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  |
| 01/31/2031 | &nbsp;&nbsp; 4.250% |  | 630000 | &nbsp;&nbsp; 570010 |
| 07/15/2031 | &nbsp;&nbsp; 4.500% | GBP | 185000 | &nbsp;&nbsp; 221239 |
| 07/15/2031 | &nbsp;&nbsp; 4.750% |  | 98000 | &nbsp;&nbsp; 90021 |
| 04/15/2032 | &nbsp;&nbsp; 5.625% | EUR | 205000 | &nbsp;&nbsp; 239542 |
| 04/15/2032 | &nbsp;&nbsp; 7.750% |  | 120000 | &nbsp;&nbsp; 123639 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **4865281** |
| **Wirelines 0.2%** | **Wirelines 0.2%** | **Wirelines 0.2%** | **Wirelines 0.2%** | **Wirelines 0.2%** |
| Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 5.750% |  | 75000 | &nbsp;&nbsp; 57195 |
| Cogent Communications Group, Inc.<sup>(a)</sup>  | Cogent Communications Group, Inc.<sup>(a)</sup>  | Cogent Communications Group, Inc.<sup>(a)</sup>  | Cogent Communications Group, Inc.<sup>(a)</sup>  | Cogent Communications Group, Inc.<sup>(a)</sup>  |
| 06/15/2027 | &nbsp;&nbsp; 7.000% |  | 90000 | &nbsp;&nbsp; 90496 |
| Consolidated Communications, Inc.<sup>(a)</sup>  | Consolidated Communications, Inc.<sup>(a)</sup>  | Consolidated Communications, Inc.<sup>(a)</sup>  | Consolidated Communications, Inc.<sup>(a)</sup>  | Consolidated Communications, Inc.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 5.000% |  | 20000 | &nbsp;&nbsp; 20183 |
| 10/01/2028 | &nbsp;&nbsp; 6.500% |  | 110000 | &nbsp;&nbsp; 112309 |
| Front Range BidCo, Inc.<sup>(a)</sup>  | Front Range BidCo, Inc.<sup>(a)</sup>  | Front Range BidCo, Inc.<sup>(a)</sup>  | Front Range BidCo, Inc.<sup>(a)</sup>  | Front Range BidCo, Inc.<sup>(a)</sup>  |
| 03/01/2027 | &nbsp;&nbsp; 4.000% |  | 235000 | &nbsp;&nbsp; 221420 |
| Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 8.625% |  | 391000 | &nbsp;&nbsp; 416557 |
| Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 8.250% |  | 145000 | &nbsp;&nbsp; 150958 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1069118** |
| &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $112,230,985) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $112,230,985) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $112,230,985) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $112,230,985) | &nbsp;&nbsp; **111244579** |
| **Foreign Government Obligations**<sup>(f),(m)</sup> **7.8%** | **Foreign Government Obligations**<sup>(f),(m)</sup> **7.8%** | **Foreign Government Obligations**<sup>(f),(m)</sup> **7.8%** | **Foreign Government Obligations**<sup>(f),(m)</sup> **7.8%** | **Foreign Government Obligations**<sup>(f),(m)</sup> **7.8%** |
| **Australia 1.0%** | **Australia 1.0%** | **Australia 1.0%** | **Australia 1.0%** | **Australia 1.0%** |
| Airservices Australia | Airservices Australia | Airservices Australia | Airservices Australia | Airservices Australia |
| 11/15/2028 | &nbsp;&nbsp; 5.400% | AUD | 480000 | &nbsp;&nbsp; 322497 |
| 05/15/2030 | &nbsp;&nbsp; 2.200% | AUD | 450000 | &nbsp;&nbsp; 262412 |
| NBN Co., Ltd.<sup>(a)</sup>  | NBN Co., Ltd.<sup>(a)</sup>  | NBN Co., Ltd.<sup>(a)</sup>  | NBN Co., Ltd.<sup>(a)</sup>  | NBN Co., Ltd.<sup>(a)</sup>  |
| 03/06/2035 | &nbsp;&nbsp; 5.350% | AUD | 570000 | &nbsp;&nbsp; 372517 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| New South Wales Treasury Corp.<sup>(a)</sup>  | New South Wales Treasury Corp.<sup>(a)</sup>  | New South Wales Treasury Corp.<sup>(a)</sup>  | New South Wales Treasury Corp.<sup>(a)</sup>  | New South Wales Treasury Corp.<sup>(a)</sup>  |
| 09/20/2035 | &nbsp;&nbsp; 4.750% | AUD | 635000 | &nbsp;&nbsp; 404893 |
| New South Wales Treasury Corp. | New South Wales Treasury Corp. | New South Wales Treasury Corp. | New South Wales Treasury Corp. | New South Wales Treasury Corp. |
| 05/07/2041 | &nbsp;&nbsp; 2.250% | AUD | 415000 | &nbsp;&nbsp; 176565 |
| Queensland Treasury Corp.<sup>(a)</sup>  | Queensland Treasury Corp.<sup>(a)</sup>  | Queensland Treasury Corp.<sup>(a)</sup>  | Queensland Treasury Corp.<sup>(a)</sup>  | Queensland Treasury Corp.<sup>(a)</sup>  |
| 05/21/2035 | &nbsp;&nbsp; 3.250% | EUR | 200000 | &nbsp;&nbsp; 228993 |
| 08/22/2035 | &nbsp;&nbsp; 4.500% | AUD | 845000 | &nbsp;&nbsp; 523476 |
| 07/21/2036 | &nbsp;&nbsp; 5.250% | AUD | 955000 | &nbsp;&nbsp; 623397 |
| 11/20/2041 | &nbsp;&nbsp; 2.250% | AUD | 405000 | &nbsp;&nbsp; 167147 |
| South Australian Government Financing Authority<sup>(a)</sup>  | South Australian Government Financing Authority<sup>(a)</sup>  | South Australian Government Financing Authority<sup>(a)</sup>  | South Australian Government Financing Authority<sup>(a)</sup>  | South Australian Government Financing Authority<sup>(a)</sup>  |
| 05/24/2034 | &nbsp;&nbsp; 1.750% | AUD | 555000 | &nbsp;&nbsp; 277986 |
| Treasury Corp. of Victoria | Treasury Corp. of Victoria | Treasury Corp. of Victoria | Treasury Corp. of Victoria | Treasury Corp. of Victoria |
| 12/20/2032 | &nbsp;&nbsp; 4.250% | AUD | 510000 | &nbsp;&nbsp; 322682 |
| 11/20/2034 | &nbsp;&nbsp; 2.250% | AUD | 215000 | &nbsp;&nbsp; 110374 |
| 09/15/2036 | &nbsp;&nbsp; 4.750% | AUD | 980000 | &nbsp;&nbsp; 611038 |
| 11/20/2040 | &nbsp;&nbsp; 5.000% | AUD | 430000 | &nbsp;&nbsp; 261806 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **4665783** |
| **Austria 0.0%** | **Austria 0.0%** | **Austria 0.0%** | **Austria 0.0%** | **Austria 0.0%** |
| Republic of Austria Government Bond<sup>(a)</sup>  | Republic of Austria Government Bond<sup>(a)</sup>  | Republic of Austria Government Bond<sup>(a)</sup>  | Republic of Austria Government Bond<sup>(a)</sup>  | Republic of Austria Government Bond<sup>(a)</sup>  |
| 02/20/2033 | &nbsp;&nbsp; 2.900% | EUR | 175000 | &nbsp;&nbsp; 201849 |
| **Brazil 0.6%** | **Brazil 0.6%** | **Brazil 0.6%** | **Brazil 0.6%** | **Brazil 0.6%** |
| Brazil Notas do Tesouro Nacional Series F | Brazil Notas do Tesouro Nacional Series F | Brazil Notas do Tesouro Nacional Series F | Brazil Notas do Tesouro Nacional Series F | Brazil Notas do Tesouro Nacional Series F |
| 01/01/2027 | &nbsp;&nbsp; 10.000% | BRL | 14540000 | &nbsp;&nbsp; 2508546 |
| Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond |
| 03/15/2034 | &nbsp;&nbsp; 6.125% |  | 200000 | &nbsp;&nbsp; 195580 |
| 03/15/2035 | &nbsp;&nbsp; 6.625% |  | 200000 | &nbsp;&nbsp; 199513 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2903639** |
| **Canada 0.8%** | **Canada 0.8%** | **Canada 0.8%** | **Canada 0.8%** | **Canada 0.8%** |
| Canadian Government Bond | Canadian Government Bond | Canadian Government Bond | Canadian Government Bond | Canadian Government Bond |
| 02/01/2026 | &nbsp;&nbsp; 4.500% | CAD | 95000 | &nbsp;&nbsp; 70093 |
| 09/01/2029 | &nbsp;&nbsp; 3.500% | CAD | 465000 | &nbsp;&nbsp; 348739 |
| 12/01/2030 | &nbsp;&nbsp; 0.500% | CAD | 100000 | &nbsp;&nbsp; 64101 |
| CPPIB Capital, Inc.<sup>(a)</sup>  | CPPIB Capital, Inc.<sup>(a)</sup>  | CPPIB Capital, Inc.<sup>(a)</sup>  | CPPIB Capital, Inc.<sup>(a)</sup>  | CPPIB Capital, Inc.<sup>(a)</sup>  |
| 12/01/2031 | &nbsp;&nbsp; 2.250% | CAD | 155000 | &nbsp;&nbsp; 105907 |
| OMERS Finance Trust<sup>(a)</sup>  | OMERS Finance Trust<sup>(a)</sup>  | OMERS Finance Trust<sup>(a)</sup>  | OMERS Finance Trust<sup>(a)</sup>  | OMERS Finance Trust<sup>(a)</sup>  |
| 03/26/2031 | &nbsp;&nbsp; 4.750% |  | 250000 | &nbsp;&nbsp; 254737 |
| 01/28/2035 | &nbsp;&nbsp; 3.250% | EUR | 260000 | &nbsp;&nbsp; 296148 |
| Ontario Teachers' Finance Trust<sup>(a)</sup>  | Ontario Teachers' Finance Trust<sup>(a)</sup>  | Ontario Teachers' Finance Trust<sup>(a)</sup>  | Ontario Teachers' Finance Trust<sup>(a)</sup>  | Ontario Teachers' Finance Trust<sup>(a)</sup>  |
| 04/16/2031 | &nbsp;&nbsp; 2.000% |  | 465000 | &nbsp;&nbsp; 408599 |
| Province of British Columbia | Province of British Columbia | Province of British Columbia | Province of British Columbia | Province of British Columbia |
| 07/06/2033 | &nbsp;&nbsp; 4.200% |  | 350000 | &nbsp;&nbsp; 338615 |
| Province of Ontario | Province of Ontario | Province of Ontario | Province of Ontario | Province of Ontario |
| 12/02/2030 | &nbsp;&nbsp; 1.350% | CAD | 1109000 | &nbsp;&nbsp; 735425 |
| 06/02/2045 | &nbsp;&nbsp; 3.450% | CAD | 500000 | &nbsp;&nbsp; 320458 |
| Province of Ontario<sup>(a)</sup>  | Province of Ontario<sup>(a)</sup>  | Province of Ontario<sup>(a)</sup>  | Province of Ontario<sup>(a)</sup>  | Province of Ontario<sup>(a)</sup>  |
| 01/31/2034 | &nbsp;&nbsp; 3.100% | EUR | 185000 | &nbsp;&nbsp; 210912 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Province of Quebec | Province of Quebec | Province of Quebec | Province of Quebec | Province of Quebec |
| 09/08/2033 | &nbsp;&nbsp; 4.500% |  | 436000 | &nbsp;&nbsp; 430502 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **3584236** |
| **Chile 0.2%** | **Chile 0.2%** | **Chile 0.2%** | **Chile 0.2%** | **Chile 0.2%** |
| Corporación Nacional del Cobre de Chile<sup>(a)</sup>  | Corporación Nacional del Cobre de Chile<sup>(a)</sup>  | Corporación Nacional del Cobre de Chile<sup>(a)</sup>  | Corporación Nacional del Cobre de Chile<sup>(a)</sup>  | Corporación Nacional del Cobre de Chile<sup>(a)</sup>  |
| 02/02/2033 | &nbsp;&nbsp; 5.125% |  | 200000 | &nbsp;&nbsp; 190949 |
| 01/26/2036 | &nbsp;&nbsp; 6.440% |  | 204000 | &nbsp;&nbsp; 208523 |
| 11/04/2044 | &nbsp;&nbsp; 4.875% |  | 490000 | &nbsp;&nbsp; 397321 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **796793** |
| **Colombia 0.1%** | **Colombia 0.1%** | **Colombia 0.1%** | **Colombia 0.1%** | **Colombia 0.1%** |
| Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond |
| 04/15/2031 | &nbsp;&nbsp; 3.125% |  | 580000 | &nbsp;&nbsp; 474898 |
| **Costa Rica 0.0%** | **Costa Rica 0.0%** | **Costa Rica 0.0%** | **Costa Rica 0.0%** | **Costa Rica 0.0%** |
| Costa Rica Government International Bond<sup>(a)</sup>  | Costa Rica Government International Bond<sup>(a)</sup>  | Costa Rica Government International Bond<sup>(a)</sup>  | Costa Rica Government International Bond<sup>(a)</sup>  | Costa Rica Government International Bond<sup>(a)</sup>  |
| 04/03/2034 | &nbsp;&nbsp; 6.550% |  | 200000 | &nbsp;&nbsp; 205297 |
| **Finland 0.1%** | **Finland 0.1%** | **Finland 0.1%** | **Finland 0.1%** | **Finland 0.1%** |
| Finland Government Bond<sup>(a)</sup>  | Finland Government Bond<sup>(a)</sup>  | Finland Government Bond<sup>(a)</sup>  | Finland Government Bond<sup>(a)</sup>  | Finland Government Bond<sup>(a)</sup>  |
| 09/15/2033 | &nbsp;&nbsp; 3.000% | EUR | 445000 | &nbsp;&nbsp; 514699 |
| **Germany 0.2%** | **Germany 0.2%** | **Germany 0.2%** | **Germany 0.2%** | **Germany 0.2%** |
| Bundesrepublik Deutschland Bundesanleihe<sup>(a),(d)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a),(d)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a),(d)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a),(d)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a),(d)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 0.000% | EUR | 260000 | &nbsp;&nbsp; 262030 |
| 05/15/2035 | &nbsp;&nbsp; 0.000% | EUR | 175000 | &nbsp;&nbsp; 154788 |
| Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  |
| 02/15/2034 | &nbsp;&nbsp; 2.200% | EUR | 330000 | &nbsp;&nbsp; 368235 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **785053** |
| **Guatemala 0.0%** | **Guatemala 0.0%** | **Guatemala 0.0%** | **Guatemala 0.0%** | **Guatemala 0.0%** |
| Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  |
| 08/10/2029 | &nbsp;&nbsp; 5.250% |  | 200000 | &nbsp;&nbsp; 197729 |
| **Hungary 0.0%** | **Hungary 0.0%** | **Hungary 0.0%** | **Hungary 0.0%** | **Hungary 0.0%** |
| Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  |
| 09/22/2031 | &nbsp;&nbsp; 2.125% |  | 200000 | &nbsp;&nbsp; 164270 |
| **India 0.4%** | **India 0.4%** | **India 0.4%** | **India 0.4%** | **India 0.4%** |
| Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  |
| 02/01/2028 | &nbsp;&nbsp; 3.875% |  | 200000 | &nbsp;&nbsp; 195287 |
| India Government Bond | India Government Bond | India Government Bond | India Government Bond | India Government Bond |
| 06/15/2025 | &nbsp;&nbsp; 5.220% | INR | 30950000 | &nbsp;&nbsp; 361519 |
| 06/20/2027 | &nbsp;&nbsp; 7.380% | INR | 18420000 | &nbsp;&nbsp; 222133 |
| 04/18/2029 | &nbsp;&nbsp; 7.100% | INR | 77000000 | &nbsp;&nbsp; 939081 |
| 10/07/2029 | &nbsp;&nbsp; 6.450% | INR | 11000000 | &nbsp;&nbsp; 131416 |
| 07/12/2031 | &nbsp;&nbsp; 6.100% | INR | 7990000 | &nbsp;&nbsp; 93841 |
| Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  |
| 02/13/2030 | &nbsp;&nbsp; 3.249% |  | 200000 | &nbsp;&nbsp; 185730 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2129007** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Indonesia 1.0%** | **Indonesia 1.0%** | **Indonesia 1.0%** | **Indonesia 1.0%** | **Indonesia 1.0%** |
| Indonesia Government International Bond | Indonesia Government International Bond | Indonesia Government International Bond | Indonesia Government International Bond | Indonesia Government International Bond |
| 03/12/2033 | &nbsp;&nbsp; 1.100% | EUR | 100000 | &nbsp;&nbsp; 92823 |
| 03/12/2051 | &nbsp;&nbsp; 3.050% |  | 400000 | &nbsp;&nbsp; 257075 |
| Indonesia Treasury Bond | Indonesia Treasury Bond | Indonesia Treasury Bond | Indonesia Treasury Bond | Indonesia Treasury Bond |
| 06/15/2025 | &nbsp;&nbsp; 6.500% | IDR | 585000000 | &nbsp;&nbsp; 35909 |
| 09/15/2026 | &nbsp;&nbsp; 8.375% | IDR | 4278000000 | &nbsp;&nbsp; 269837 |
| 04/15/2027 | &nbsp;&nbsp; 5.125% | IDR | 1504000000 | &nbsp;&nbsp; 90634 |
| 05/15/2028 | &nbsp;&nbsp; 6.125% | IDR | 773000000 | &nbsp;&nbsp; 47256 |
| 08/15/2028 | &nbsp;&nbsp; 6.375% | IDR | 11991000000 | &nbsp;&nbsp; 738287 |
| 03/15/2029 | &nbsp;&nbsp; 9.000% | IDR | 2298000000 | &nbsp;&nbsp; 153183 |
| 07/15/2030 | &nbsp;&nbsp; 6.500% | IDR | 6212000000 | &nbsp;&nbsp; 382292 |
| 02/15/2031 | &nbsp;&nbsp; 6.500% | IDR | 11637000000 | &nbsp;&nbsp; 713110 |
| 05/15/2031 | &nbsp;&nbsp; 8.750% | IDR | 4550000000 | &nbsp;&nbsp; 307871 |
| 04/15/2032 | &nbsp;&nbsp; 6.375% | IDR | 12795000000 | &nbsp;&nbsp; 773873 |
| 05/15/2033 | &nbsp;&nbsp; 6.625% | IDR | 2025000000 | &nbsp;&nbsp; 123325 |
| 02/15/2034 | &nbsp;&nbsp; 6.625% | IDR | 5976000000 | &nbsp;&nbsp; 364285 |
| 06/15/2035 | &nbsp;&nbsp; 7.500% | IDR | 3470000000 | &nbsp;&nbsp; 222741 |
| PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  |
| 08/25/2030 | &nbsp;&nbsp; 3.100% |  | 200000 | &nbsp;&nbsp; 182913 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **4755414** |
| **Israel 0.0%** | **Israel 0.0%** | **Israel 0.0%** | **Israel 0.0%** | **Israel 0.0%** |
| Israel Government International Bond | Israel Government International Bond | Israel Government International Bond | Israel Government International Bond | Israel Government International Bond |
| 02/19/2030 | &nbsp;&nbsp; 5.375% |  | 200000 | &nbsp;&nbsp; 201567 |
| **Japan 0.3%** | **Japan 0.3%** | **Japan 0.3%** | **Japan 0.3%** | **Japan 0.3%** |
| Japan Government Twenty-Year Bond | Japan Government Twenty-Year Bond | Japan Government Twenty-Year Bond | Japan Government Twenty-Year Bond | Japan Government Twenty-Year Bond |
| 12/20/2025 | &nbsp;&nbsp; 2.100% | JPY | 207400000 | &nbsp;&nbsp; 1453941 |
| **Kazakhstan 0.1%** | **Kazakhstan 0.1%** | **Kazakhstan 0.1%** | **Kazakhstan 0.1%** | **Kazakhstan 0.1%** |
| KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  |
| 04/24/2030 | &nbsp;&nbsp; 5.375% |  | 215000 | &nbsp;&nbsp; 212640 |
| **Mexico 0.2%** | **Mexico 0.2%** | **Mexico 0.2%** | **Mexico 0.2%** | **Mexico 0.2%** |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| 05/24/2031 | &nbsp;&nbsp; 2.659% |  | 248000 | &nbsp;&nbsp; 211380 |
| 05/19/2033 | &nbsp;&nbsp; 4.875% |  | 227000 | &nbsp;&nbsp; 209920 |
| 02/12/2034 | &nbsp;&nbsp; 3.500% |  | 200000 | &nbsp;&nbsp; 164892 |
| 02/09/2035 | &nbsp;&nbsp; 6.350% |  | 200000 | &nbsp;&nbsp; 199618 |
| Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
| 02/12/2048 | &nbsp;&nbsp; 6.350% |  | 19000 | &nbsp;&nbsp; 12352 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **798162** |
| **Netherlands 0.1%** | **Netherlands 0.1%** | **Netherlands 0.1%** | **Netherlands 0.1%** | **Netherlands 0.1%** |
| BNG Bank NV<sup>(a)</sup>  | BNG Bank NV<sup>(a)</sup>  | BNG Bank NV<sup>(a)</sup>  | BNG Bank NV<sup>(a)</sup>  | BNG Bank NV<sup>(a)</sup>  |
| 07/17/2028 | &nbsp;&nbsp; 3.300% | AUD | 630000 | &nbsp;&nbsp; 400688 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **New Zealand 0.8%** | **New Zealand 0.8%** | **New Zealand 0.8%** | **New Zealand 0.8%** | **New Zealand 0.8%** |
| New Zealand Government Bond | New Zealand Government Bond | New Zealand Government Bond | New Zealand Government Bond | New Zealand Government Bond |
| 05/15/2032 | &nbsp;&nbsp; 2.000% | NZD | 585000 | &nbsp;&nbsp; 301727 |
| 05/15/2034 | &nbsp;&nbsp; 4.250% | NZD | 1565000 | &nbsp;&nbsp; 919096 |
| 05/15/2035 | &nbsp;&nbsp; 4.500% | NZD | 951000 | &nbsp;&nbsp; 565137 |
| 05/15/2036 | &nbsp;&nbsp; 4.250% | NZD | 248000 | &nbsp;&nbsp; 142964 |
| 05/15/2041 | &nbsp;&nbsp; 1.750% | NZD | 1020000 | &nbsp;&nbsp; 391669 |
| New Zealand Government Bond<sup>(a)</sup>  | New Zealand Government Bond<sup>(a)</sup>  | New Zealand Government Bond<sup>(a)</sup>  | New Zealand Government Bond<sup>(a)</sup>  | New Zealand Government Bond<sup>(a)</sup>  |
| 04/14/2033 | &nbsp;&nbsp; 3.500% | NZD | 1350000 | &nbsp;&nbsp; 758866 |
| New Zealand Local Government Funding Agency Bond | New Zealand Local Government Funding Agency Bond | New Zealand Local Government Funding Agency Bond | New Zealand Local Government Funding Agency Bond | New Zealand Local Government Funding Agency Bond |
| 08/01/2028 | &nbsp;&nbsp; 4.700% | AUD | 295000 | &nbsp;&nbsp; 194836 |
| 04/14/2033 | &nbsp;&nbsp; 3.500% | NZD | 352000 | &nbsp;&nbsp; 192472 |
| New Zealand Local Government Funding Agency Bond<sup>(a)</sup>  | New Zealand Local Government Funding Agency Bond<sup>(a)</sup>  | New Zealand Local Government Funding Agency Bond<sup>(a)</sup>  | New Zealand Local Government Funding Agency Bond<sup>(a)</sup>  | New Zealand Local Government Funding Agency Bond<sup>(a)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 2.250% | NZD | 670000 | &nbsp;&nbsp; 354207 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **3820974** |
| **Norway 0.4%** | **Norway 0.4%** | **Norway 0.4%** | **Norway 0.4%** | **Norway 0.4%** |
| City of Oslo, Norway | City of Oslo, Norway | City of Oslo, Norway | City of Oslo, Norway | City of Oslo, Norway |
| 06/11/2029 | &nbsp;&nbsp; 3.990% | NOK | 4000000 | &nbsp;&nbsp; 386698 |
| Kommunalbanken AS | Kommunalbanken AS | Kommunalbanken AS | Kommunalbanken AS | Kommunalbanken AS |
| 07/16/2025 | &nbsp;&nbsp; 4.250% | AUD | 152000 | &nbsp;&nbsp; 97983 |
| Norway Government Bond<sup>(a)</sup>  | Norway Government Bond<sup>(a)</sup>  | Norway Government Bond<sup>(a)</sup>  | Norway Government Bond<sup>(a)</sup>  | Norway Government Bond<sup>(a)</sup>  |
| 05/18/2032 | &nbsp;&nbsp; 2.125% | NOK | 11195000 | &nbsp;&nbsp; 979665 |
| 08/15/2033 | &nbsp;&nbsp; 3.000% | NOK | 970000 | &nbsp;&nbsp; 88842 |
| 06/12/2035 | &nbsp;&nbsp; 3.750% | NOK | 2395000 | &nbsp;&nbsp; 229941 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1783129** |
| **Panama 0.0%** | **Panama 0.0%** | **Panama 0.0%** | **Panama 0.0%** | **Panama 0.0%** |
| Panama Government International Bond | Panama Government International Bond | Panama Government International Bond | Panama Government International Bond | Panama Government International Bond |
| 02/14/2035 | &nbsp;&nbsp; 6.400% |  | 200000 | &nbsp;&nbsp; 188915 |
| **Paraguay 0.0%** | **Paraguay 0.0%** | **Paraguay 0.0%** | **Paraguay 0.0%** | **Paraguay 0.0%** |
| Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  |
| 04/28/2031 | &nbsp;&nbsp; 4.950% |  | 200000 | &nbsp;&nbsp; 196129 |
| **Philippines 0.8%** | **Philippines 0.8%** | **Philippines 0.8%** | **Philippines 0.8%** | **Philippines 0.8%** |
| Philippine Government Bond | Philippine Government Bond | Philippine Government Bond | Philippine Government Bond | Philippine Government Bond |
| 08/22/2028 | &nbsp;&nbsp; 6.125% | PHP | 21225000 | &nbsp;&nbsp; 384420 |
| 02/28/2029 | &nbsp;&nbsp; 6.250% | PHP | 18900000 | &nbsp;&nbsp; 344162 |
| 05/19/2029 | &nbsp;&nbsp; 6.500% | PHP | 16650000 | &nbsp;&nbsp; 305448 |
| 07/27/2030 | &nbsp;&nbsp; 6.375% | PHP | 47150000 | &nbsp;&nbsp; 863791 |
| 09/15/2032 | &nbsp;&nbsp; 6.750% | PHP | 20280000 | &nbsp;&nbsp; 377744 |
| 04/28/2035 | &nbsp;&nbsp; 6.375% | PHP | 7240000 | &nbsp;&nbsp; 130748 |
| 09/30/2035 | &nbsp;&nbsp; 8.000% | PHP | 9720000 | &nbsp;&nbsp; 196568 |
| Philippine Government International Bond | Philippine Government International Bond | Philippine Government International Bond | Philippine Government International Bond | Philippine Government International Bond |
| 05/17/2027 | &nbsp;&nbsp; 0.875% | EUR | 535000 | &nbsp;&nbsp; 586204 |
| 05/05/2030 | &nbsp;&nbsp; 2.457% |  | 300000 | &nbsp;&nbsp; 272030 |
| 01/14/2036 | &nbsp;&nbsp; 6.250% | PHP | 10000000 | &nbsp;&nbsp; 174235 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **3635350** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(f),(m)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Qatar 0.1%** | **Qatar 0.1%** | **Qatar 0.1%** | **Qatar 0.1%** | **Qatar 0.1%** |
| Qatar Government International Bond<sup>(a)</sup>  | Qatar Government International Bond<sup>(a)</sup>  | Qatar Government International Bond<sup>(a)</sup>  | Qatar Government International Bond<sup>(a)</sup>  | Qatar Government International Bond<sup>(a)</sup>  |
| 03/14/2049 | &nbsp;&nbsp; 4.817% |  | 280000 | &nbsp;&nbsp; 249131 |
| Qatar Petroleum<sup>(a)</sup>  | Qatar Petroleum<sup>(a)</sup>  | Qatar Petroleum<sup>(a)</sup>  | Qatar Petroleum<sup>(a)</sup>  | Qatar Petroleum<sup>(a)</sup>  |
| 07/12/2031 | &nbsp;&nbsp; 2.250% |  | 465000 | &nbsp;&nbsp; 405113 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **654244** |
| **Romania 0.0%** | **Romania 0.0%** | **Romania 0.0%** | **Romania 0.0%** | **Romania 0.0%** |
| Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  |
| 03/27/2032 | &nbsp;&nbsp; 3.625% |  | 200000 | &nbsp;&nbsp; 167531 |
| **Singapore 0.1%** | **Singapore 0.1%** | **Singapore 0.1%** | **Singapore 0.1%** | **Singapore 0.1%** |
| Singapore Government Bond | Singapore Government Bond | Singapore Government Bond | Singapore Government Bond | Singapore Government Bond |
| 09/01/2033 | &nbsp;&nbsp; 3.375% | SGD | 495000 | &nbsp;&nbsp; 411408 |
| **South Africa 0.1%** | **South Africa 0.1%** | **South Africa 0.1%** | **South Africa 0.1%** | **South Africa 0.1%** |
| Republic of South Africa Government International Bond | Republic of South Africa Government International Bond | Republic of South Africa Government International Bond | Republic of South Africa Government International Bond | Republic of South Africa Government International Bond |
| 06/22/2030 | &nbsp;&nbsp; 5.875% |  | 200000 | &nbsp;&nbsp; 196305 |
| 04/20/2032 | &nbsp;&nbsp; 5.875% |  | 250000 | &nbsp;&nbsp; 239772 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **436077** |
| **United Arab Emirates 0.1%** | **United Arab Emirates 0.1%** | **United Arab Emirates 0.1%** | **United Arab Emirates 0.1%** | **United Arab Emirates 0.1%** |
| Abu Dhabi Government International Bond<sup>(a)</sup>  | Abu Dhabi Government International Bond<sup>(a)</sup>  | Abu Dhabi Government International Bond<sup>(a)</sup>  | Abu Dhabi Government International Bond<sup>(a)</sup>  | Abu Dhabi Government International Bond<sup>(a)</sup>  |
| 04/16/2050 | &nbsp;&nbsp; 3.875% |  | 200000 | &nbsp;&nbsp; 151212 |
| Finance Department Government of Sharjah<sup>(a)</sup>  | Finance Department Government of Sharjah<sup>(a)</sup>  | Finance Department Government of Sharjah<sup>(a)</sup>  | Finance Department Government of Sharjah<sup>(a)</sup>  | Finance Department Government of Sharjah<sup>(a)</sup>  |
| 11/23/2032 | &nbsp;&nbsp; 6.500% |  | 200000 | &nbsp;&nbsp; 206455 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **357667** |
| **United Kingdom 0.3%** | **United Kingdom 0.3%** | **United Kingdom 0.3%** | **United Kingdom 0.3%** | **United Kingdom 0.3%** |
| United Kingdom Gilt<sup>(a)</sup>  | United Kingdom Gilt<sup>(a)</sup>  | United Kingdom Gilt<sup>(a)</sup>  | United Kingdom Gilt<sup>(a)</sup>  | United Kingdom Gilt<sup>(a)</sup>  |
| 07/22/2029 | &nbsp;&nbsp; 4.125% | GBP | 317000 | &nbsp;&nbsp; 427853 |
| 10/22/2031 | &nbsp;&nbsp; 4.000% | GBP | 80000 | &nbsp;&nbsp; 106100 |
| 01/31/2033 | &nbsp;&nbsp; 3.250% | GBP | 300000 | &nbsp;&nbsp; 373792 |
| 07/31/2054 | &nbsp;&nbsp; 4.375% | GBP | 345000 | &nbsp;&nbsp; 396961 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1304706** |
| **Uruguay 0.0%** | **Uruguay 0.0%** | **Uruguay 0.0%** | **Uruguay 0.0%** | **Uruguay 0.0%** |
| Uruguay Government International Bond | Uruguay Government International Bond | Uruguay Government International Bond | Uruguay Government International Bond | Uruguay Government International Bond |
| 02/14/2037 | &nbsp;&nbsp; 5.442% |  | 100000 | &nbsp;&nbsp; 100671 |
| &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $37,870,821) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $37,870,821) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $37,870,821) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $37,870,821) | &nbsp;&nbsp; **37502466** |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Bonds 0.0%** | **Municipal Bonds 0.0%** | **Municipal Bonds 0.0%** | **Municipal Bonds 0.0%** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Airport 0.0%** | **Airport 0.0%** | **Airport 0.0%** | **Airport 0.0%** |
| County of Miami-Dade Aviation | County of Miami-Dade Aviation | County of Miami-Dade Aviation | County of Miami-Dade Aviation |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Taxable | Taxable | Taxable | Taxable |
| Series 2020B | Series 2020B | Series 2020B | Series 2020B |
| 10/01/2035 | &nbsp;&nbsp; 2.857% | 85000 | &nbsp;&nbsp; 69234 |
| &nbsp;&nbsp; Total Municipal Bonds <br>(Cost $86,116) | &nbsp;&nbsp; Total Municipal Bonds <br>(Cost $86,116) | &nbsp;&nbsp; Total Municipal Bonds <br>(Cost $86,116) | &nbsp;&nbsp; **69234** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Preferred Stocks 0.3%** | **Preferred Stocks 0.3%** | **Preferred Stocks 0.3%** | **Preferred Stocks 0.3%** |
| **Issuer** |  | **Shares** | **Value ($)** |
| **Financials 0.3%** | **Financials 0.3%** | **Financials 0.3%** | **Financials 0.3%** |
| **Banks 0.3%** | **Banks 0.3%** | **Banks 0.3%** | **Banks 0.3%** |
| Bank of Hawaii Corp. | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 11850 | &nbsp;&nbsp; 301345 |
| First Busey Corp. | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 12125 | &nbsp;&nbsp; 302216 |
| Huntington Bancshares, Inc. | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 427 |
| UMB Financial Corp.<sup>(g),(k)</sup> <br>| &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 18525 | &nbsp;&nbsp; 468590 |
| Wintrust Financial Corp.<sup>(k)</sup> <br>| &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 10275 | &nbsp;&nbsp; 262526 |
| Total |  |  | &nbsp;&nbsp; 1335104 |
| **Total Financials** | **Total Financials** | **Total Financials** | &nbsp;&nbsp; **1335104** |
| &nbsp;&nbsp; Total Preferred Stocks <br>(Cost $1,319,818) | &nbsp;&nbsp; Total Preferred Stocks <br>(Cost $1,319,818) | &nbsp;&nbsp; Total Preferred Stocks <br>(Cost $1,319,818) | &nbsp;&nbsp; **1335104** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency 10.9%** | **Residential Mortgage-Backed Securities - Agency 10.9%** | **Residential Mortgage-Backed Securities - Agency 10.9%** | **Residential Mortgage-Backed Securities - Agency 10.9%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Fannie Mae REMICS<sup>(b),(e)</sup>  | Fannie Mae REMICS<sup>(b),(e)</sup>  | Fannie Mae REMICS<sup>(b),(e)</sup>  | Fannie Mae REMICS<sup>(b),(e)</sup>  |
| CMO Series 2024-98 Class SC | CMO Series 2024-98 Class SC | CMO Series 2024-98 Class SC | CMO Series 2024-98 Class SC |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.950% <br>Cap 5.950% <br>12/25/2054<br>| &nbsp;&nbsp; 1.628% | 887441 | &nbsp;&nbsp; 77699 |
| CMO Series 2024-98 Class SE | CMO Series 2024-98 Class SE | CMO Series 2024-98 Class SE | CMO Series 2024-98 Class SE |
| &nbsp;&nbsp; 30-day Average SOFR + 5.980% <br>Cap 5.980% <br>12/25/2054<br>| &nbsp;&nbsp; 1.658% | 586549 | &nbsp;&nbsp; 58861 |
| CMO Series 2024-98 Class SG | CMO Series 2024-98 Class SG | CMO Series 2024-98 Class SG | CMO Series 2024-98 Class SG |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>11/25/2054<br>| &nbsp;&nbsp; 1.678% | 684216 | &nbsp;&nbsp; 69545 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency 10.9%** | **Residential Mortgage-Backed Securities - Agency 10.9%** | **Residential Mortgage-Backed Securities - Agency 10.9%** | **Residential Mortgage-Backed Securities - Agency 10.9%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| 03/01/2052 | &nbsp;&nbsp; 2.000% | 790135 | &nbsp;&nbsp; 615700 |
| 05/01/2052 | &nbsp;&nbsp; 2.500% | 1270353 | &nbsp;&nbsp; 1036351 |
| &nbsp;&nbsp; 05/01/2052- <br>10/01/2052<br>| &nbsp;&nbsp; 3.000% | 2449014 | &nbsp;&nbsp; 2085383 |
| &nbsp;&nbsp; 08/01/2052- <br>10/01/2052<br>| &nbsp;&nbsp; 4.000% | 1813900 | &nbsp;&nbsp; 1665529 |
| 10/01/2052 | &nbsp;&nbsp; 4.500% | 2024995 | &nbsp;&nbsp; 1913926 |
| &nbsp;&nbsp; 06/01/2053- <br>08/01/2053<br>| &nbsp;&nbsp; 5.000% | 1875733 | &nbsp;&nbsp; 1820097 |
| &nbsp;&nbsp; 10/01/2054- <br>02/01/2055<br>| &nbsp;&nbsp; 6.000% | 2042630 | &nbsp;&nbsp; 2073357 |
| 02/01/2055 | &nbsp;&nbsp; 5.500% | 401826 | &nbsp;&nbsp; 401133 |
| Federal Home Loan Mortgage Corp.<sup>(e)</sup>  | Federal Home Loan Mortgage Corp.<sup>(e)</sup>  | Federal Home Loan Mortgage Corp.<sup>(e)</sup>  | Federal Home Loan Mortgage Corp.<sup>(e)</sup>  |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 03/15/2052 | &nbsp;&nbsp; 2.000% | 2738679 | &nbsp;&nbsp; 368481 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; 09/01/2051- <br>05/01/2053<br>| &nbsp;&nbsp; 2.500% | 2017140 | &nbsp;&nbsp; 1645363 |
| &nbsp;&nbsp; 12/01/2051- <br>02/01/2052<br>| &nbsp;&nbsp; 2.000% | 2436919 | &nbsp;&nbsp; 1897009 |
| &nbsp;&nbsp; 08/01/2052- <br>02/01/2053<br>| &nbsp;&nbsp; 4.000% | 1251671 | &nbsp;&nbsp; 1149328 |
| &nbsp;&nbsp; 06/01/2053- <br>08/01/2053<br>| &nbsp;&nbsp; 4.500% | 3146447 | &nbsp;&nbsp; 2972982 |
| &nbsp;&nbsp; 02/01/2054- <br>01/01/2055<br>| &nbsp;&nbsp; 5.500% | 5808355 | &nbsp;&nbsp; 5788274 |
| 01/01/2055 | &nbsp;&nbsp; 6.000% | 544064 | &nbsp;&nbsp; 554724 |
| Federal National Mortgage Association<sup>(b)</sup>  | Federal National Mortgage Association<sup>(b)</sup>  | Federal National Mortgage Association<sup>(b)</sup>  | Federal National Mortgage Association<sup>(b)</sup>  |
| CMO Series 2013-5 Class GF | CMO Series 2013-5 Class GF | CMO Series 2013-5 Class GF | CMO Series 2013-5 Class GF |
| &nbsp;&nbsp; 30-day Average SOFR + 1.214% <br>Floor 1.100%, Cap 5.000% <br>10/25/2042<br>| &nbsp;&nbsp; 5.000% | 207548 | &nbsp;&nbsp; 201522 |
| Federal National Mortgage Association<sup>(e)</sup>  | Federal National Mortgage Association<sup>(e)</sup>  | Federal National Mortgage Association<sup>(e)</sup>  | Federal National Mortgage Association<sup>(e)</sup>  |
| CMO Series 436 Class C32 | CMO Series 436 Class C32 | CMO Series 436 Class C32 | CMO Series 436 Class C32 |
| 10/25/2052 | &nbsp;&nbsp; 2.000% | 1099962 | &nbsp;&nbsp; 142619 |
| STRIPS | STRIPS | STRIPS | STRIPS |
| &nbsp;&nbsp; 11/25/2050- <br>10/25/2052<br>| &nbsp;&nbsp; 2.000% | 5317043 | &nbsp;&nbsp; 695472 |
| Freddie Mac REMICS<sup>(b),(e)</sup>  | Freddie Mac REMICS<sup>(b),(e)</sup>  | Freddie Mac REMICS<sup>(b),(e)</sup>  | Freddie Mac REMICS<sup>(b),(e)</sup>  |
| CMO Series 5468 Class SE | CMO Series 5468 Class SE | CMO Series 5468 Class SE | CMO Series 5468 Class SE |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.350% <br>Cap 5.350% <br>10/25/2054<br>| &nbsp;&nbsp; 1.028% | 1931186 | &nbsp;&nbsp; 140577 |
| CMO Series 5496 Class S | CMO Series 5496 Class S | CMO Series 5496 Class S | CMO Series 5496 Class S |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.900% <br>Cap 5.900% <br>01/25/2055<br>| &nbsp;&nbsp; 1.578% | 2212535 | &nbsp;&nbsp; 172386 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency 10.9%** | **Residential Mortgage-Backed Securities - Agency 10.9%** | **Residential Mortgage-Backed Securities - Agency 10.9%** | **Residential Mortgage-Backed Securities - Agency 10.9%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CMO Series 5512 Class LS | CMO Series 5512 Class LS | CMO Series 5512 Class LS | CMO Series 5512 Class LS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.896% <br>Cap 5.896% <br>03/25/2055<br>| &nbsp;&nbsp; 1.574% | 2706664 | &nbsp;&nbsp; 200014 |
| Freddie Mac REMICS<sup>(b),(i)</sup>  | Freddie Mac REMICS<sup>(b),(i)</sup>  | Freddie Mac REMICS<sup>(b),(i)</sup>  | Freddie Mac REMICS<sup>(b),(i)</sup>  |
| CMO Series 5546B Class AS | CMO Series 5546B Class AS | CMO Series 5546B Class AS | CMO Series 5546B Class AS |
| &nbsp;&nbsp; -1.5 x 30-day Average SOFR + <br> 10.500% <br>Cap 10.500% <br>06/25/2055<br>| &nbsp;&nbsp; 3.978% | 325000 | &nbsp;&nbsp; 303063 |
| Freddie Mac REMICS<sup>(b),(n)</sup>  | Freddie Mac REMICS<sup>(b),(n)</sup>  | Freddie Mac REMICS<sup>(b),(n)</sup>  | Freddie Mac REMICS<sup>(b),(n)</sup>  |
| CMO Series 5547 Class S | CMO Series 5547 Class S | CMO Series 5547 Class S | CMO Series 5547 Class S |
| &nbsp;&nbsp; -1.5 x 30-day Average SOFR + <br> 10.575% <br>Cap 10.575% <br>06/25/2055<br>| &nbsp;&nbsp; 4.050% | 325000 | &nbsp;&nbsp; 290057 |
| CMO Series 5549 Class JS | CMO Series 5549 Class JS | CMO Series 5549 Class JS | CMO Series 5549 Class JS |
| &nbsp;&nbsp; -1.5 x 30-day Average SOFR + <br> 10.500% <br>Cap 10.500% <br>06/25/2055<br>| &nbsp;&nbsp; 4.002% | 100000 | &nbsp;&nbsp; 89630 |
| Freddie Mac REMICS<sup>(b),(i),(n)</sup>  | Freddie Mac REMICS<sup>(b),(i),(n)</sup>  | Freddie Mac REMICS<sup>(b),(i),(n)</sup>  | Freddie Mac REMICS<sup>(b),(i),(n)</sup>  |
| CMO Series 5548B Class S | CMO Series 5548B Class S | CMO Series 5548B Class S | CMO Series 5548B Class S |
| &nbsp;&nbsp; 30-day Average SOFR + 11.667% <br>Cap 11.667% <br>06/25/2055<br>| &nbsp;&nbsp; 4.422% | 325000 | &nbsp;&nbsp; 306313 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| &nbsp;&nbsp; 08/20/2052- <br>11/20/2052<br>| &nbsp;&nbsp; 4.000% | 551320 | &nbsp;&nbsp; 506969 |
| &nbsp;&nbsp; 09/20/2052- <br>10/20/2054<br>| &nbsp;&nbsp; 4.500% | 2313610 | &nbsp;&nbsp; 2191178 |
| Government National Mortgage Association<sup>(e)</sup>  | Government National Mortgage Association<sup>(e)</sup>  | Government National Mortgage Association<sup>(e)</sup>  | Government National Mortgage Association<sup>(e)</sup>  |
| CMO Series 2017-136 Class IO | CMO Series 2017-136 Class IO | CMO Series 2017-136 Class IO | CMO Series 2017-136 Class IO |
| 09/20/2047 | &nbsp;&nbsp; 5.000% | 462282 | &nbsp;&nbsp; 100561 |
| CMO Series 2018-63 Class IO | CMO Series 2018-63 Class IO | CMO Series 2018-63 Class IO | CMO Series 2018-63 Class IO |
| 09/20/2047 | &nbsp;&nbsp; 4.000% | 629310 | &nbsp;&nbsp; 93871 |
| Government National Mortgage Association<sup>(b),(e)</sup>  | Government National Mortgage Association<sup>(b),(e)</sup>  | Government National Mortgage Association<sup>(b),(e)</sup>  | Government National Mortgage Association<sup>(b),(e)</sup>  |
| CMO Series 2024-151 Class ES | CMO Series 2024-151 Class ES | CMO Series 2024-151 Class ES | CMO Series 2024-151 Class ES |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.400% <br>Cap 5.400% <br>09/20/2054<br>| &nbsp;&nbsp; 1.072% | 1341385 | &nbsp;&nbsp; 80086 |
| CMO Series 2024-154 Class SB | CMO Series 2024-154 Class SB | CMO Series 2024-154 Class SB | CMO Series 2024-154 Class SB |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.400% <br>Cap 5.400% <br>09/20/2054<br>| &nbsp;&nbsp; 1.072% | 1440355 | &nbsp;&nbsp; 83625 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency 10.9%** | **Residential Mortgage-Backed Securities - Agency 10.9%** | **Residential Mortgage-Backed Securities - Agency 10.9%** | **Residential Mortgage-Backed Securities - Agency 10.9%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CMO Series 2024-160 Class KS | CMO Series 2024-160 Class KS | CMO Series 2024-160 Class KS | CMO Series 2024-160 Class KS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.480% <br>Cap 5.480% <br>10/20/2054<br>| &nbsp;&nbsp; 1.152% | 2921954 | &nbsp;&nbsp; 170430 |
| Government National Mortgage Association TBA<sup>(g)</sup>  | Government National Mortgage Association TBA<sup>(g)</sup>  | Government National Mortgage Association TBA<sup>(g)</sup>  | Government National Mortgage Association TBA<sup>(g)</sup>  |
| 06/20/2054 | &nbsp;&nbsp; 4.500% | 1200000 | &nbsp;&nbsp; 1131959 |
| 06/20/2054 | &nbsp;&nbsp; 5.000% | 2525000 | &nbsp;&nbsp; 2449238 |
| 06/20/2054 | &nbsp;&nbsp; 5.500% | 3225000 | &nbsp;&nbsp; 3201694 |
| 06/23/2055 | &nbsp;&nbsp; 4.000% | 1750000 | &nbsp;&nbsp; 1602284 |
| Uniform Mortgage-Backed Security TBA<sup>(g)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(g)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(g)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(g)</sup>  |
| 06/13/2054 | &nbsp;&nbsp; 2.000% | 2825000 | &nbsp;&nbsp; 2194521 |
| 06/13/2054 | &nbsp;&nbsp; 2.500% | 2650000 | &nbsp;&nbsp; 2157957 |
| 06/13/2054 | &nbsp;&nbsp; 3.000% | 2700000 | &nbsp;&nbsp; 2297001 |
| 06/13/2054 | &nbsp;&nbsp; 4.000% | 1425000 | &nbsp;&nbsp; 1305398 |
| 06/13/2054 | &nbsp;&nbsp; 4.500% | 1625000 | &nbsp;&nbsp; 1532460 |
| 06/12/2055 | &nbsp;&nbsp; 3.500% | 2225000 | &nbsp;&nbsp; 1971956 |
| 06/12/2055 | &nbsp;&nbsp; 5.000% | 750000 | &nbsp;&nbsp; 725892 |
| &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $52,673,773) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $52,673,773) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $52,673,773) | &nbsp;&nbsp; **52532475** |
| **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** |
| ABFC Trust<sup>(b)</sup>  | ABFC Trust<sup>(b)</sup>  | ABFC Trust<sup>(b)</sup>  | ABFC Trust<sup>(b)</sup>  |
| CMO Series 2007-WMC1 Class A1A | CMO Series 2007-WMC1 Class A1A | CMO Series 2007-WMC1 Class A1A | CMO Series 2007-WMC1 Class A1A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.364% <br>Floor 1.250% <br>06/25/2037<br>| &nbsp;&nbsp; 5.689% | 566470 | &nbsp;&nbsp; 400542 |
| ACRA Trust<sup>(a),(c)</sup>  | ACRA Trust<sup>(a),(c)</sup>  | ACRA Trust<sup>(a),(c)</sup>  | ACRA Trust<sup>(a),(c)</sup>  |
| CMO Series 2024-NQM1 Class M1A | CMO Series 2024-NQM1 Class M1A | CMO Series 2024-NQM1 Class M1A | CMO Series 2024-NQM1 Class M1A |
| 10/25/2064 | &nbsp;&nbsp; 6.191% | 640000 | &nbsp;&nbsp; 635445 |
| Alternative Loan Trust<sup>(c)</sup>  | Alternative Loan Trust<sup>(c)</sup>  | Alternative Loan Trust<sup>(c)</sup>  | Alternative Loan Trust<sup>(c)</sup>  |
| CMO Series 2005-43 Class 1A | CMO Series 2005-43 Class 1A | CMO Series 2005-43 Class 1A | CMO Series 2005-43 Class 1A |
| 10/25/2035 | &nbsp;&nbsp; 4.242% | 154350 | &nbsp;&nbsp; 131707 |
| Alternative Loan Trust<sup>(b)</sup>  | Alternative Loan Trust<sup>(b)</sup>  | Alternative Loan Trust<sup>(b)</sup>  | Alternative Loan Trust<sup>(b)</sup>  |
| CMO Series 2005-59 Class 1A1 | CMO Series 2005-59 Class 1A1 | CMO Series 2005-59 Class 1A1 | CMO Series 2005-59 Class 1A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.774% <br>Floor 0.660%, Cap 11.000% <br>11/20/2035<br>| &nbsp;&nbsp; 5.099% | 607838 | &nbsp;&nbsp; 594035 |
| CMO Series 2007-OH3 Class A1B | CMO Series 2007-OH3 Class A1B | CMO Series 2007-OH3 Class A1B | CMO Series 2007-OH3 Class A1B |
| &nbsp;&nbsp; 1-month Term SOFR + 0.554% <br>Floor 0.440%, Cap 10.000% <br>09/25/2047<br>| &nbsp;&nbsp; 4.879% | 382829 | &nbsp;&nbsp; 365274 |
| American Home Mortgage Investment Trust<sup>(b)</sup>  | American Home Mortgage Investment Trust<sup>(b)</sup>  | American Home Mortgage Investment Trust<sup>(b)</sup>  | American Home Mortgage Investment Trust<sup>(b)</sup>  |
| CMO Series 2005-1 Class 6A | CMO Series 2005-1 Class 6A | CMO Series 2005-1 Class 6A | CMO Series 2005-1 Class 6A |
| &nbsp;&nbsp; 6-month Term SOFR + 2.428% <br>Floor 2.000%, Cap 11.000% <br>06/25/2045<br>| &nbsp;&nbsp; 6.710% | 23847 | &nbsp;&nbsp; 23738 |
| Arroyo Mortgage Trust<sup>(a),(c)</sup>  | Arroyo Mortgage Trust<sup>(a),(c)</sup>  | Arroyo Mortgage Trust<sup>(a),(c)</sup>  | Arroyo Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2019-1 Class A1 | CMO Series 2019-1 Class A1 | CMO Series 2019-1 Class A1 | CMO Series 2019-1 Class A1 |
| 01/25/2049 | &nbsp;&nbsp; 3.805% | 36954 | &nbsp;&nbsp; 35728 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Banc of America Funding Trust<sup>(a),(c)</sup>  | Banc of America Funding Trust<sup>(a),(c)</sup>  | Banc of America Funding Trust<sup>(a),(c)</sup>  | Banc of America Funding Trust<sup>(a),(c)</sup>  |
| Subordinated CMO Series 2014-R6 Class 2A13 | Subordinated CMO Series 2014-R6 Class 2A13 | Subordinated CMO Series 2014-R6 Class 2A13 | Subordinated CMO Series 2014-R6 Class 2A13 |
| 07/26/2036 | &nbsp;&nbsp; 4.701% | 325504 | &nbsp;&nbsp; 325169 |
| Bear Stearns Mortgage Funding Trust<sup>(b)</sup>  | Bear Stearns Mortgage Funding Trust<sup>(b)</sup>  | Bear Stearns Mortgage Funding Trust<sup>(b)</sup>  | Bear Stearns Mortgage Funding Trust<sup>(b)</sup>  |
| CMO Series 2006-AR3 Class 1A1 | CMO Series 2006-AR3 Class 1A1 | CMO Series 2006-AR3 Class 1A1 | CMO Series 2006-AR3 Class 1A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.294% <br>Floor 0.180%, Cap 10.500% <br>10/25/2036<br>| &nbsp;&nbsp; 4.799% | 237103 | &nbsp;&nbsp; 209520 |
| CMO Series 2006-AR4 Class A1 | CMO Series 2006-AR4 Class A1 | CMO Series 2006-AR4 Class A1 | CMO Series 2006-AR4 Class A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.534% <br>Floor 0.420%, Cap 10.500% <br>12/25/2036<br>| &nbsp;&nbsp; 4.859% | 290566 | &nbsp;&nbsp; 282977 |
| CMO Series 2007-AR3 Class 21A1 | CMO Series 2007-AR3 Class 21A1 | CMO Series 2007-AR3 Class 21A1 | CMO Series 2007-AR3 Class 21A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.414% <br>Floor 0.300%, Cap 10.500% <br>04/25/2037<br>| &nbsp;&nbsp; 4.739% | 254668 | &nbsp;&nbsp; 230333 |
| CMO Series 2007-AR5 Class 2A2 | CMO Series 2007-AR5 Class 2A2 | CMO Series 2007-AR5 Class 2A2 | CMO Series 2007-AR5 Class 2A2 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.344% <br>Floor 0.230%, Cap 10.500% <br>06/25/2037<br>| &nbsp;&nbsp; 4.899% | 723846 | &nbsp;&nbsp; 640656 |
| Carrington Mortgage Loan Trust<sup>(b)</sup>  | Carrington Mortgage Loan Trust<sup>(b)</sup>  | Carrington Mortgage Loan Trust<sup>(b)</sup>  | Carrington Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2007-FRE1 Class A3 | CMO Series 2007-FRE1 Class A3 | CMO Series 2007-FRE1 Class A3 | CMO Series 2007-FRE1 Class A3 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.374% <br>Floor 0.260%, Cap 14.500% <br>02/25/2037<br>| &nbsp;&nbsp; 4.699% | 535895 | &nbsp;&nbsp; 517621 |
| Centex Home Equity Loan Trust<sup>(b)</sup>  | Centex Home Equity Loan Trust<sup>(b)</sup>  | Centex Home Equity Loan Trust<sup>(b)</sup>  | Centex Home Equity Loan Trust<sup>(b)</sup>  |
| CMO Series 2005-A Class M1 | CMO Series 2005-A Class M1 | CMO Series 2005-A Class M1 | CMO Series 2005-A Class M1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.834% <br>Floor 0.720% <br>01/25/2035<br>| &nbsp;&nbsp; 5.159% | 25316 | &nbsp;&nbsp; 25311 |
| CIM Trust<sup>(a),(c)</sup>  | CIM Trust<sup>(a),(c)</sup>  | CIM Trust<sup>(a),(c)</sup>  | CIM Trust<sup>(a),(c)</sup>  |
| CMO Series 2020-R6 Class A1 | CMO Series 2020-R6 Class A1 | CMO Series 2020-R6 Class A1 | CMO Series 2020-R6 Class A1 |
| 12/25/2060 | &nbsp;&nbsp; 2.250% | 639049 | &nbsp;&nbsp; 553860 |
| CMO Series 2021-R3 Class A1A | CMO Series 2021-R3 Class A1A | CMO Series 2021-R3 Class A1A | CMO Series 2021-R3 Class A1A |
| 06/25/2057 | &nbsp;&nbsp; 1.951% | 858041 | &nbsp;&nbsp; 778908 |
| CMO Series 2023-R3 Class A1A | CMO Series 2023-R3 Class A1A | CMO Series 2023-R3 Class A1A | CMO Series 2023-R3 Class A1A |
| 01/25/2063 | &nbsp;&nbsp; 4.500% | 504008 | &nbsp;&nbsp; 470739 |
| CIM Trust<sup>(a),(k)</sup>  | CIM Trust<sup>(a),(k)</sup>  | CIM Trust<sup>(a),(k)</sup>  | CIM Trust<sup>(a),(k)</sup>  |
| CMO Series 2025-R1 Class A1 | CMO Series 2025-R1 Class A1 | CMO Series 2025-R1 Class A1 | CMO Series 2025-R1 Class A1 |
| 02/25/2099 | &nbsp;&nbsp; 5.000% | 620562 | &nbsp;&nbsp; 609233 |
| Citigroup Mortgage Loan Trust, Inc.<sup>(c)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(c)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(c)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(c)</sup>  |
| CMO Series 2006-AR2 Class 1A1 | CMO Series 2006-AR2 Class 1A1 | CMO Series 2006-AR2 Class 1A1 | CMO Series 2006-AR2 Class 1A1 |
| 03/25/2036 | &nbsp;&nbsp; 5.805% | 196245 | &nbsp;&nbsp; 147922 |
| Citigroup Mortgage Loan Trust, Inc.<sup>(b)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(b)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(b)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(b)</sup>  |
| CMO Series 2006-WFH3 Class M2 | CMO Series 2006-WFH3 Class M2 | CMO Series 2006-WFH3 Class M2 | CMO Series 2006-WFH3 Class M2 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.564% <br>Floor 0.450% <br>10/25/2036<br>| &nbsp;&nbsp; 4.889% | 69641 | &nbsp;&nbsp; 69578 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| COLT Mortgage Loan Trust<sup>(a),(c)</sup>  | COLT Mortgage Loan Trust<sup>(a),(c)</sup>  | COLT Mortgage Loan Trust<sup>(a),(c)</sup>  | COLT Mortgage Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2022-5 Class A1 | CMO Series 2022-5 Class A1 | CMO Series 2022-5 Class A1 | CMO Series 2022-5 Class A1 |
| 04/25/2067 | &nbsp;&nbsp; 4.550% | 144970 | &nbsp;&nbsp; 144173 |
| CMO Series 2024-7 Class B1 | CMO Series 2024-7 Class B1 | CMO Series 2024-7 Class B1 | CMO Series 2024-7 Class B1 |
| 12/26/2069 | &nbsp;&nbsp; 7.162% | 360000 | &nbsp;&nbsp; 355053 |
| COLT Mortgage Loan Trust<sup>(a),(k)</sup>  | COLT Mortgage Loan Trust<sup>(a),(k)</sup>  | COLT Mortgage Loan Trust<sup>(a),(k)</sup>  | COLT Mortgage Loan Trust<sup>(a),(k)</sup>  |
| CMO Series 2023-1 Class A1 | CMO Series 2023-1 Class A1 | CMO Series 2023-1 Class A1 | CMO Series 2023-1 Class A1 |
| 04/25/2068 | &nbsp;&nbsp; 6.048% | 300124 | &nbsp;&nbsp; 300116 |
| Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  |
| CMO Series 2022-R01 Class 1M1 | CMO Series 2022-R01 Class 1M1 | CMO Series 2022-R01 Class 1M1 | CMO Series 2022-R01 Class 1M1 |
| &nbsp;&nbsp; 30-day Average SOFR + 1.000% <br>12/25/2041<br>| &nbsp;&nbsp; 5.322% | 16276 | &nbsp;&nbsp; 16245 |
| CMO Series 2022-R03 Class 1M1 | CMO Series 2022-R03 Class 1M1 | CMO Series 2022-R03 Class 1M1 | CMO Series 2022-R03 Class 1M1 |
| &nbsp;&nbsp; 30-day Average SOFR + 2.100% <br>03/25/2042<br>| &nbsp;&nbsp; 6.422% | 13108 | &nbsp;&nbsp; 13322 |
| CMO Series 2022-R04 Class 1M1 | CMO Series 2022-R04 Class 1M1 | CMO Series 2022-R04 Class 1M1 | CMO Series 2022-R04 Class 1M1 |
| &nbsp;&nbsp; 30-day Average SOFR + 2.000% <br>03/25/2042<br>| &nbsp;&nbsp; 6.322% | 23271 | &nbsp;&nbsp; 23613 |
| CMO Series 2022-R05 Class 2M2 | CMO Series 2022-R05 Class 2M2 | CMO Series 2022-R05 Class 2M2 | CMO Series 2022-R05 Class 2M2 |
| &nbsp;&nbsp; 30-day Average SOFR + 3.000% <br>04/25/2042<br>| &nbsp;&nbsp; 7.322% | 645000 | &nbsp;&nbsp; 662041 |
| CMO Series 2022-R06 Class 1M1 | CMO Series 2022-R06 Class 1M1 | CMO Series 2022-R06 Class 1M1 | CMO Series 2022-R06 Class 1M1 |
| &nbsp;&nbsp; 30-day Average SOFR + 2.750% <br>05/25/2042<br>| &nbsp;&nbsp; 7.072% | 49077 | &nbsp;&nbsp; 50244 |
| CMO Series 2022-R09 Class 2M1 | CMO Series 2022-R09 Class 2M1 | CMO Series 2022-R09 Class 2M1 | CMO Series 2022-R09 Class 2M1 |
| &nbsp;&nbsp; 30-day Average SOFR + 2.500% <br>09/25/2042<br>| &nbsp;&nbsp; 6.822% | 90624 | &nbsp;&nbsp; 92230 |
| CMO Series 2023-R01 Class 1M1 | CMO Series 2023-R01 Class 1M1 | CMO Series 2023-R01 Class 1M1 | CMO Series 2023-R01 Class 1M1 |
| &nbsp;&nbsp; 30-day Average SOFR + 2.400% <br>12/25/2042<br>| &nbsp;&nbsp; 6.722% | 86891 | &nbsp;&nbsp; 88882 |
| CMO Series 2023-R03 Class 2M2 | CMO Series 2023-R03 Class 2M2 | CMO Series 2023-R03 Class 2M2 | CMO Series 2023-R03 Class 2M2 |
| &nbsp;&nbsp; 30-day Average SOFR + 3.900% <br>04/25/2043<br>| &nbsp;&nbsp; 8.222% | 285000 | &nbsp;&nbsp; 302626 |
| CMO Series 2023-R06 Class 1M2 | CMO Series 2023-R06 Class 1M2 | CMO Series 2023-R06 Class 1M2 | CMO Series 2023-R06 Class 1M2 |
| &nbsp;&nbsp; 30-day Average SOFR + 2.700% <br>07/25/2043<br>| &nbsp;&nbsp; 7.022% | 120000 | &nbsp;&nbsp; 124113 |
| CMO Series 2024-R02 Class 1M1 | CMO Series 2024-R02 Class 1M1 | CMO Series 2024-R02 Class 1M1 | CMO Series 2024-R02 Class 1M1 |
| &nbsp;&nbsp; 30-day Average SOFR + 1.100% <br>Floor 1.100% <br>02/25/2044<br>| &nbsp;&nbsp; 5.422% | 282902 | &nbsp;&nbsp; 282618 |
| CMO Series 2025-R02 Class 1M2 | CMO Series 2025-R02 Class 1M2 | CMO Series 2025-R02 Class 1M2 | CMO Series 2025-R02 Class 1M2 |
| &nbsp;&nbsp; 30-day Average SOFR + 1.600% <br>Floor 1.600% <br>02/25/2045<br>| &nbsp;&nbsp; 5.922% | 355000 | &nbsp;&nbsp; 355275 |
| Countrywide Asset-Backed Certificates<sup>(b)</sup>  | Countrywide Asset-Backed Certificates<sup>(b)</sup>  | Countrywide Asset-Backed Certificates<sup>(b)</sup>  | Countrywide Asset-Backed Certificates<sup>(b)</sup>  |
| CMO Series 2007-13 Class 2A1 | CMO Series 2007-13 Class 2A1 | CMO Series 2007-13 Class 2A1 | CMO Series 2007-13 Class 2A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.014% <br>Floor 0.900% <br>10/25/2047<br>| &nbsp;&nbsp; 5.339% | 115688 | &nbsp;&nbsp; 106839 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CMO Series 2007-13 Class 2A2 | CMO Series 2007-13 Class 2A2 | CMO Series 2007-13 Class 2A2 | CMO Series 2007-13 Class 2A2 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.914% <br>Floor 0.800% <br>10/25/2047<br>| &nbsp;&nbsp; 5.239% | 304295 | &nbsp;&nbsp; 282427 |
| Credit Suisse Mortgage Trust<sup>(a),(k)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(k)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(k)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(k)</sup>  |
| CMO Series 2019-NQM1 Class A1 | CMO Series 2019-NQM1 Class A1 | CMO Series 2019-NQM1 Class A1 | CMO Series 2019-NQM1 Class A1 |
| 10/25/2059 | &nbsp;&nbsp; 2.656% | 6895 | &nbsp;&nbsp; 6778 |
| CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-RPL4 Class A1 | CMO Series 2021-RPL4 Class A1 | CMO Series 2021-RPL4 Class A1 | CMO Series 2021-RPL4 Class A1 |
| 12/27/2060 | &nbsp;&nbsp; 4.796% | 1062070 | &nbsp;&nbsp; 1064746 |
| CWABS Asset-Backed Certificates Trust<sup>(b)</sup>  | CWABS Asset-Backed Certificates Trust<sup>(b)</sup>  | CWABS Asset-Backed Certificates Trust<sup>(b)</sup>  | CWABS Asset-Backed Certificates Trust<sup>(b)</sup>  |
| CMO Series 2004-10 Class MV4 | CMO Series 2004-10 Class MV4 | CMO Series 2004-10 Class MV4 | CMO Series 2004-10 Class MV4 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.689% <br>Floor 1.575% <br>12/25/2034<br>| &nbsp;&nbsp; 6.014% | 712973 | &nbsp;&nbsp; 648593 |
| Domino's Pizza Master Issuer LLC<sup>(a)</sup>  | Domino's Pizza Master Issuer LLC<sup>(a)</sup>  | Domino's Pizza Master Issuer LLC<sup>(a)</sup>  | Domino's Pizza Master Issuer LLC<sup>(a)</sup>  |
| CMO Series 2015-1A Class A2II | CMO Series 2015-1A Class A2II | CMO Series 2015-1A Class A2II | CMO Series 2015-1A Class A2II |
| 10/25/2045 | &nbsp;&nbsp; 4.474% | 231875 | &nbsp;&nbsp; 231138 |
| Fannie Mae Connecticut Avenue Securities<sup>(a),(b)</sup>  | Fannie Mae Connecticut Avenue Securities<sup>(a),(b)</sup>  | Fannie Mae Connecticut Avenue Securities<sup>(a),(b)</sup>  | Fannie Mae Connecticut Avenue Securities<sup>(a),(b)</sup>  |
| Subordinated CMO Series 2021-R02 Class 2B2 | Subordinated CMO Series 2021-R02 Class 2B2 | Subordinated CMO Series 2021-R02 Class 2B2 | Subordinated CMO Series 2021-R02 Class 2B2 |
| &nbsp;&nbsp; 30-day Average SOFR + 6.200% <br>11/25/2041<br>| &nbsp;&nbsp; 10.522% | 80000 | &nbsp;&nbsp; 84099 |
| First Franklin Mortgage Loan Trust<sup>(b)</sup>  | First Franklin Mortgage Loan Trust<sup>(b)</sup>  | First Franklin Mortgage Loan Trust<sup>(b)</sup>  | First Franklin Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-FF9 Class 2A4 | CMO Series 2006-FF9 Class 2A4 | CMO Series 2006-FF9 Class 2A4 | CMO Series 2006-FF9 Class 2A4 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.614% <br>Floor 0.500% <br>06/25/2036<br>| &nbsp;&nbsp; 4.939% | 1200000 | &nbsp;&nbsp; 1095848 |
| First NLC Trust<sup>(b)</sup>  | First NLC Trust<sup>(b)</sup>  | First NLC Trust<sup>(b)</sup>  | First NLC Trust<sup>(b)</sup>  |
| CMO Series 2005-4 Class A4 | CMO Series 2005-4 Class A4 | CMO Series 2005-4 Class A4 | CMO Series 2005-4 Class A4 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.894% <br>Floor 0.780%, Cap 14.000% <br>02/25/2036<br>| &nbsp;&nbsp; 5.219% | 155873 | &nbsp;&nbsp; 153221 |
| Flagstar Mortgage Trust<sup>(a),(c)</sup>  | Flagstar Mortgage Trust<sup>(a),(c)</sup>  | Flagstar Mortgage Trust<sup>(a),(c)</sup>  | Flagstar Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-5INV Class A5 | CMO Series 2021-5INV Class A5 | CMO Series 2021-5INV Class A5 | CMO Series 2021-5INV Class A5 |
| 07/25/2051 | &nbsp;&nbsp; 2.500% | 966991 | &nbsp;&nbsp; 856860 |
| Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  | Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  | Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  | Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  |
| CMO Series 2025-HQA1 Class M1 | CMO Series 2025-HQA1 Class M1 | CMO Series 2025-HQA1 Class M1 | CMO Series 2025-HQA1 Class M1 |
| &nbsp;&nbsp; 30-day Average SOFR + 1.150% <br>02/25/2045<br>| &nbsp;&nbsp; 5.472% | 306800 | &nbsp;&nbsp; 307018 |
| CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 |
| &nbsp;&nbsp; 30-day Average SOFR + 1.650% <br>02/25/2045<br>| &nbsp;&nbsp; 5.972% | 260000 | &nbsp;&nbsp; 260191 |
| Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  |
| CMO Series 2022-DNA3 Class M1A | CMO Series 2022-DNA3 Class M1A | CMO Series 2022-DNA3 Class M1A | CMO Series 2022-DNA3 Class M1A |
| &nbsp;&nbsp; 30-day Average SOFR + 2.000% <br>04/25/2042<br>| &nbsp;&nbsp; 6.322% | 77350 | &nbsp;&nbsp; 78342 |
| CMO Series 2022-DNA4 Class M1A | CMO Series 2022-DNA4 Class M1A | CMO Series 2022-DNA4 Class M1A | CMO Series 2022-DNA4 Class M1A |
| &nbsp;&nbsp; 30-day Average SOFR + 2.200% <br>05/25/2042<br>| &nbsp;&nbsp; 6.522% | 236879 | &nbsp;&nbsp; 240701 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CMO Series 2022-DNA4 Class M1B | CMO Series 2022-DNA4 Class M1B | CMO Series 2022-DNA4 Class M1B | CMO Series 2022-DNA4 Class M1B |
| &nbsp;&nbsp; 30-day Average SOFR + 3.350% <br>05/25/2042<br>| &nbsp;&nbsp; 7.672% | 285000 | &nbsp;&nbsp; 296154 |
| CMO Series 2022-DNA7 Class M1A | CMO Series 2022-DNA7 Class M1A | CMO Series 2022-DNA7 Class M1A | CMO Series 2022-DNA7 Class M1A |
| &nbsp;&nbsp; 30-day Average SOFR + 2.500% <br>03/25/2052<br>| &nbsp;&nbsp; 6.822% | 62407 | &nbsp;&nbsp; 63213 |
| CMO Series 2022-HQA1 Class M1B | CMO Series 2022-HQA1 Class M1B | CMO Series 2022-HQA1 Class M1B | CMO Series 2022-HQA1 Class M1B |
| &nbsp;&nbsp; 30-day Average SOFR + 3.500% <br>03/25/2042<br>| &nbsp;&nbsp; 7.822% | 280000 | &nbsp;&nbsp; 290918 |
| CMO Series 2022-HQA3 Class M1B | CMO Series 2022-HQA3 Class M1B | CMO Series 2022-HQA3 Class M1B | CMO Series 2022-HQA3 Class M1B |
| &nbsp;&nbsp; 30-day Average SOFR + 3.550% <br>08/25/2042<br>| &nbsp;&nbsp; 7.872% | 130000 | &nbsp;&nbsp; 136197 |
| CMO Series 2024-HQA1 Class M2 | CMO Series 2024-HQA1 Class M2 | CMO Series 2024-HQA1 Class M2 | CMO Series 2024-HQA1 Class M2 |
| &nbsp;&nbsp; 30-day Average SOFR + 2.000% <br>03/25/2044<br>| &nbsp;&nbsp; 6.322% | 670000 | &nbsp;&nbsp; 675288 |
| Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A |
| &nbsp;&nbsp; 30-day Average SOFR + 2.150% <br>09/25/2042<br>| &nbsp;&nbsp; 6.472% | 182944 | &nbsp;&nbsp; 184585 |
| Fremont Home Loan Trust<sup>(b)</sup>  | Fremont Home Loan Trust<sup>(b)</sup>  | Fremont Home Loan Trust<sup>(b)</sup>  | Fremont Home Loan Trust<sup>(b)</sup>  |
| CMO Series 2005-D Class M1 | CMO Series 2005-D Class M1 | CMO Series 2005-D Class M1 | CMO Series 2005-D Class M1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.729% <br>Floor 0.615% <br>11/25/2035<br>| &nbsp;&nbsp; 5.054% | 644690 | &nbsp;&nbsp; 589692 |
| GCAT Trust<sup>(a),(c)</sup>  | GCAT Trust<sup>(a),(c)</sup>  | GCAT Trust<sup>(a),(c)</sup>  | GCAT Trust<sup>(a),(c)</sup>  |
| CMO Series 2019-RPL1 Class B2 | CMO Series 2019-RPL1 Class B2 | CMO Series 2019-RPL1 Class B2 | CMO Series 2019-RPL1 Class B2 |
| 10/25/2068 | &nbsp;&nbsp; 3.750% | 700000 | &nbsp;&nbsp; 590209 |
| GCAT Trust<sup>(a),(k)</sup>  | GCAT Trust<sup>(a),(k)</sup>  | GCAT Trust<sup>(a),(k)</sup>  | GCAT Trust<sup>(a),(k)</sup>  |
| CMO Series 2022-NQM4 Class A1 | CMO Series 2022-NQM4 Class A1 | CMO Series 2022-NQM4 Class A1 | CMO Series 2022-NQM4 Class A1 |
| 08/25/2067 | &nbsp;&nbsp; 5.269% | 153184 | &nbsp;&nbsp; 152172 |
| GE-WMC Asset-Backed Pass-Through Certificates<sup>(b)</sup>  | GE-WMC Asset-Backed Pass-Through Certificates<sup>(b)</sup>  | GE-WMC Asset-Backed Pass-Through Certificates<sup>(b)</sup>  | GE-WMC Asset-Backed Pass-Through Certificates<sup>(b)</sup>  |
| CMO Series 2005-1 Class M1 | CMO Series 2005-1 Class M1 | CMO Series 2005-1 Class M1 | CMO Series 2005-1 Class M1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.774% <br>Floor 0.660% <br>10/25/2035<br>| &nbsp;&nbsp; 5.099% | 139098 | &nbsp;&nbsp; 136791 |
| GMACM Mortgage Loan Trust<sup>(c)</sup>  | GMACM Mortgage Loan Trust<sup>(c)</sup>  | GMACM Mortgage Loan Trust<sup>(c)</sup>  | GMACM Mortgage Loan Trust<sup>(c)</sup>  |
| CMO Series 2006-AR1 Class 1A1 | CMO Series 2006-AR1 Class 1A1 | CMO Series 2006-AR1 Class 1A1 | CMO Series 2006-AR1 Class 1A1 |
| 04/19/2036 | &nbsp;&nbsp; 3.939% | 370194 | &nbsp;&nbsp; 306776 |
| GS Mortgage-Backed Securities Corp. Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Corp. Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Corp. Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Corp. Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-PJ4 Class A4 | CMO Series 2021-PJ4 Class A4 | CMO Series 2021-PJ4 Class A4 | CMO Series 2021-PJ4 Class A4 |
| 09/25/2051 | &nbsp;&nbsp; 2.500% | 585525 | &nbsp;&nbsp; 463754 |
| GS Mortgage-Backed Securities Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(c)</sup>  |
| CMO Series 2020-RPL1 Class M2 | CMO Series 2020-RPL1 Class M2 | CMO Series 2020-RPL1 Class M2 | CMO Series 2020-RPL1 Class M2 |
| 07/25/2059 | &nbsp;&nbsp; 3.784% | 800000 | &nbsp;&nbsp; 685717 |
| GSAMP Trust<sup>(b)</sup>  | GSAMP Trust<sup>(b)</sup>  | GSAMP Trust<sup>(b)</sup>  | GSAMP Trust<sup>(b)</sup>  |
| CMO Series 2005-WMC3 Class A2C | CMO Series 2005-WMC3 Class A2C | CMO Series 2005-WMC3 Class A2C | CMO Series 2005-WMC3 Class A2C |
| &nbsp;&nbsp; 1-month Term SOFR + 0.774% <br>Floor 0.660% <br>12/25/2035<br>| &nbsp;&nbsp; 5.099% | 463530 | &nbsp;&nbsp; 455671 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CMO Series 2007-FM2 Class A1 | CMO Series 2007-FM2 Class A1 | CMO Series 2007-FM2 Class A1 | CMO Series 2007-FM2 Class A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.254% <br>Floor 0.140% <br>01/25/2037<br>| &nbsp;&nbsp; 4.579% | 699827 | &nbsp;&nbsp; 422961 |
| HarborView Mortgage Loan Trust<sup>(b)</sup>  | HarborView Mortgage Loan Trust<sup>(b)</sup>  | HarborView Mortgage Loan Trust<sup>(b)</sup>  | HarborView Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2007-6 Class 1A1A | CMO Series 2007-6 Class 1A1A | CMO Series 2007-6 Class 1A1A | CMO Series 2007-6 Class 1A1A |
| &nbsp;&nbsp; 1-month Term SOFR + 0.314% <br>Floor 0.200%, Cap 10.500% <br>08/19/2037<br>| &nbsp;&nbsp; 4.641% | 414519 | &nbsp;&nbsp; 348425 |
| Home Equity Asset Trust<sup>(b)</sup>  | Home Equity Asset Trust<sup>(b)</sup>  | Home Equity Asset Trust<sup>(b)</sup>  | Home Equity Asset Trust<sup>(b)</sup>  |
| Series 2005-2 Class M6 | Series 2005-2 Class M6 | Series 2005-2 Class M6 | Series 2005-2 Class M6 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.314% <br>Floor 1.200% <br>07/25/2035<br>| &nbsp;&nbsp; 5.639% | 531233 | &nbsp;&nbsp; 525827 |
| HomeBanc Mortgage Trust<sup>(b)</sup>  | HomeBanc Mortgage Trust<sup>(b)</sup>  | HomeBanc Mortgage Trust<sup>(b)</sup>  | HomeBanc Mortgage Trust<sup>(b)</sup>  |
| CMO Series 2005-3 Class M4 | CMO Series 2005-3 Class M4 | CMO Series 2005-3 Class M4 | CMO Series 2005-3 Class M4 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.119% <br>Floor 1.005%, Cap 11.500% <br>07/25/2035<br>| &nbsp;&nbsp; 5.109% | 620000 | &nbsp;&nbsp; 622046 |
| HSI Asset Securitization Corp. Trust<sup>(b)</sup>  | HSI Asset Securitization Corp. Trust<sup>(b)</sup>  | HSI Asset Securitization Corp. Trust<sup>(b)</sup>  | HSI Asset Securitization Corp. Trust<sup>(b)</sup>  |
| CMO Series 2005-I1 Class 2A4 | CMO Series 2005-I1 Class 2A4 | CMO Series 2005-I1 Class 2A4 | CMO Series 2005-I1 Class 2A4 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.894% <br>Floor 0.780% <br>11/25/2035<br>| &nbsp;&nbsp; 5.219% | 381247 | &nbsp;&nbsp; 352571 |
| CMO Series 2006-HE2 Class 1A | CMO Series 2006-HE2 Class 1A | CMO Series 2006-HE2 Class 1A | CMO Series 2006-HE2 Class 1A |
| &nbsp;&nbsp; 1-month Term SOFR + 0.374% <br>Floor 0.260% <br>12/25/2036<br>| &nbsp;&nbsp; 4.699% | 1106348 | &nbsp;&nbsp; 411475 |
| Impac CMB Trust<sup>(b)</sup>  | Impac CMB Trust<sup>(b)</sup>  | Impac CMB Trust<sup>(b)</sup>  | Impac CMB Trust<sup>(b)</sup>  |
| CMO Series 2004-8 Class 2A1 (FGIC) | CMO Series 2004-8 Class 2A1 (FGIC) | CMO Series 2004-8 Class 2A1 (FGIC) | CMO Series 2004-8 Class 2A1 (FGIC) |
| &nbsp;&nbsp; 1-month Term SOFR + 0.814% <br>Floor 0.700%, Cap 11.000% <br>10/25/2034<br>| &nbsp;&nbsp; 5.139% | 21971 | &nbsp;&nbsp; 21920 |
| Impac Secured Assets Trust<sup>(b)</sup>  | Impac Secured Assets Trust<sup>(b)</sup>  | Impac Secured Assets Trust<sup>(b)</sup>  | Impac Secured Assets Trust<sup>(b)</sup>  |
| CMO Series 2006-5 Class 1A1C | CMO Series 2006-5 Class 1A1C | CMO Series 2006-5 Class 1A1C | CMO Series 2006-5 Class 1A1C |
| &nbsp;&nbsp; 1-month Term SOFR + 0.654% <br>Floor 0.540%, Cap 11.500% <br>02/25/2037<br>| &nbsp;&nbsp; 4.979% | 445933 | &nbsp;&nbsp; 407219 |
| IndyMac INDX Mortgage Loan Trust<sup>(b)</sup>  | IndyMac INDX Mortgage Loan Trust<sup>(b)</sup>  | IndyMac INDX Mortgage Loan Trust<sup>(b)</sup>  | IndyMac INDX Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-AR2 Class 1A1A | CMO Series 2006-AR2 Class 1A1A | CMO Series 2006-AR2 Class 1A1A | CMO Series 2006-AR2 Class 1A1A |
| &nbsp;&nbsp; 1-month Term SOFR + 0.554% <br>Floor 0.440% <br>04/25/2046<br>| &nbsp;&nbsp; 4.879% | 610559 | &nbsp;&nbsp; 549328 |
| CMO Series 2006-AR2 Class 1A1B | CMO Series 2006-AR2 Class 1A1B | CMO Series 2006-AR2 Class 1A1B | CMO Series 2006-AR2 Class 1A1B |
| &nbsp;&nbsp; 1-month Term SOFR + 0.534% <br>Floor 0.420% <br>04/25/2046<br>| &nbsp;&nbsp; 4.859% | 562840 | &nbsp;&nbsp; 506244 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| JPMorgan Alternative Loan Trust<sup>(b)</sup>  | JPMorgan Alternative Loan Trust<sup>(b)</sup>  | JPMorgan Alternative Loan Trust<sup>(b)</sup>  | JPMorgan Alternative Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-A1 Class 1A1 | CMO Series 2006-A1 Class 1A1 | CMO Series 2006-A1 Class 1A1 | CMO Series 2006-A1 Class 1A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.574% <br>Floor 0.460%, Cap 11.500% <br>03/25/2036<br>| &nbsp;&nbsp; 4.899% | 200755 | &nbsp;&nbsp; 187137 |
| CMO Series 2007-S1 Class A2 | CMO Series 2007-S1 Class A2 | CMO Series 2007-S1 Class A2 | CMO Series 2007-S1 Class A2 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.794% <br>Floor 0.680%, Cap 11.500% <br>04/25/2047<br>| &nbsp;&nbsp; 5.119% | 119596 | &nbsp;&nbsp; 115066 |
| JPMorgan Mortgage Acquisition Corp.<sup>(b)</sup>  | JPMorgan Mortgage Acquisition Corp.<sup>(b)</sup>  | JPMorgan Mortgage Acquisition Corp.<sup>(b)</sup>  | JPMorgan Mortgage Acquisition Corp.<sup>(b)</sup>  |
| CMO Series 2005-OPT2 Class M5 | CMO Series 2005-OPT2 Class M5 | CMO Series 2005-OPT2 Class M5 | CMO Series 2005-OPT2 Class M5 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.089% <br>Floor 0.975% <br>12/25/2035<br>| &nbsp;&nbsp; 5.414% | 900000 | &nbsp;&nbsp; 843909 |
| JPMorgan Mortgage Acquisition Trust<sup>(b)</sup>  | JPMorgan Mortgage Acquisition Trust<sup>(b)</sup>  | JPMorgan Mortgage Acquisition Trust<sup>(b)</sup>  | JPMorgan Mortgage Acquisition Trust<sup>(b)</sup>  |
| CMO Series 2006-FRE1 Class M1 | CMO Series 2006-FRE1 Class M1 | CMO Series 2006-FRE1 Class M1 | CMO Series 2006-FRE1 Class M1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.699% <br>Floor 0.585% <br>05/25/2035<br>| &nbsp;&nbsp; 5.024% | 90534 | &nbsp;&nbsp; 89715 |
| CMO Series 2007-HE1 Class AV4 | CMO Series 2007-HE1 Class AV4 | CMO Series 2007-HE1 Class AV4 | CMO Series 2007-HE1 Class AV4 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.394% <br>Floor 0.280% <br>03/25/2047<br>| &nbsp;&nbsp; 4.719% | 1055392 | &nbsp;&nbsp; 1004421 |
| Series 2007-CH5 Class M1 | Series 2007-CH5 Class M1 | Series 2007-CH5 Class M1 | Series 2007-CH5 Class M1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.384% <br>Floor 0.270% <br>06/25/2037<br>| &nbsp;&nbsp; 4.709% | 321544 | &nbsp;&nbsp; 311619 |
| JPMorgan Mortgage Trust Series<sup>(a),(c)</sup>  | JPMorgan Mortgage Trust Series<sup>(a),(c)</sup>  | JPMorgan Mortgage Trust Series<sup>(a),(c)</sup>  | JPMorgan Mortgage Trust Series<sup>(a),(c)</sup>  |
| CMO Series 2025-CES1 Class A3 | CMO Series 2025-CES1 Class A3 | CMO Series 2025-CES1 Class A3 | CMO Series 2025-CES1 Class A3 |
| 05/25/2055 | &nbsp;&nbsp; 6.067% | 530000 | &nbsp;&nbsp; 533852 |
| Legacy Mortgage Asset Trust<sup>(a),(k)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(k)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(k)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(k)</sup>  |
| CMO Series 2021-GS5 Class A1 | CMO Series 2021-GS5 Class A1 | CMO Series 2021-GS5 Class A1 | CMO Series 2021-GS5 Class A1 |
| 07/25/2067 | &nbsp;&nbsp; 2.250% | 792948 | &nbsp;&nbsp; 790834 |
| Lehman Mortgage Trust | Lehman Mortgage Trust | Lehman Mortgage Trust | Lehman Mortgage Trust |
| CMO Series 2006-1 Class 1A5 | CMO Series 2006-1 Class 1A5 | CMO Series 2006-1 Class 1A5 | CMO Series 2006-1 Class 1A5 |
| 02/25/2036 | &nbsp;&nbsp; 5.500% | 499495 | &nbsp;&nbsp; 229897 |
| Lehman XS Trust<sup>(b)</sup>  | Lehman XS Trust<sup>(b)</sup>  | Lehman XS Trust<sup>(b)</sup>  | Lehman XS Trust<sup>(b)</sup>  |
| CMO Series 2006-15 Class A4 | CMO Series 2006-15 Class A4 | CMO Series 2006-15 Class A4 | CMO Series 2006-15 Class A4 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.454% <br>Floor 0.340% <br>10/25/2036<br>| &nbsp;&nbsp; 4.779% | 601888 | &nbsp;&nbsp; 538985 |
| CMO Series 2006-2N Class 2A1 | CMO Series 2006-2N Class 2A1 | CMO Series 2006-2N Class 2A1 | CMO Series 2006-2N Class 2A1 |
| &nbsp;&nbsp; 1-year MTA + 1.010% <br>Floor 1.010% <br>02/25/2036<br>| &nbsp;&nbsp; 6.418% | 398462 | &nbsp;&nbsp; 353654 |
| CMO Series 2007-16N Class 2A2 | CMO Series 2007-16N Class 2A2 | CMO Series 2007-16N Class 2A2 | CMO Series 2007-16N Class 2A2 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.814% <br>Floor 1.700% <br>09/25/2047<br>| &nbsp;&nbsp; 6.139% | 435433 | &nbsp;&nbsp; 390647 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Series 2006-19 Class A3 | Series 2006-19 Class A3 | Series 2006-19 Class A3 | Series 2006-19 Class A3 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.614% <br>Floor 0.500% <br>12/25/2036<br>| &nbsp;&nbsp; 4.939% | 553206 | &nbsp;&nbsp; 512002 |
| Long Beach Mortgage Loan Trust<sup>(b)</sup>  | Long Beach Mortgage Loan Trust<sup>(b)</sup>  | Long Beach Mortgage Loan Trust<sup>(b)</sup>  | Long Beach Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-10 Class 2A3 | CMO Series 2006-10 Class 2A3 | CMO Series 2006-10 Class 2A3 | CMO Series 2006-10 Class 2A3 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.434% <br>Floor 0.320% <br>11/25/2036<br>| &nbsp;&nbsp; 4.759% | 1737017 | &nbsp;&nbsp; 515193 |
| CMO Series 2006-4 Class 1A | CMO Series 2006-4 Class 1A | CMO Series 2006-4 Class 1A | CMO Series 2006-4 Class 1A |
| &nbsp;&nbsp; 1-month Term SOFR + 0.414% <br>Floor 0.300% <br>05/25/2036<br>| &nbsp;&nbsp; 4.739% | 916266 | &nbsp;&nbsp; 478928 |
| Mastr Asset Backed Securities Trust<sup>(b)</sup>  | Mastr Asset Backed Securities Trust<sup>(b)</sup>  | Mastr Asset Backed Securities Trust<sup>(b)</sup>  | Mastr Asset Backed Securities Trust<sup>(b)</sup>  |
| CMO Series 2005-WF1 Class M6 | CMO Series 2005-WF1 Class M6 | CMO Series 2005-WF1 Class M6 | CMO Series 2005-WF1 Class M6 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.104% <br>Floor 0.990% <br>06/25/2035<br>| &nbsp;&nbsp; 5.429% | 672400 | &nbsp;&nbsp; 668789 |
| MFA Trust<sup>(a),(c)</sup>  | MFA Trust<sup>(a),(c)</sup>  | MFA Trust<sup>(a),(c)</sup>  | MFA Trust<sup>(a),(c)</sup>  |
| Subordinated CMO Series 2023-INV2 Class B1 | Subordinated CMO Series 2023-INV2 Class B1 | Subordinated CMO Series 2023-INV2 Class B1 | Subordinated CMO Series 2023-INV2 Class B1 |
| 10/25/2058 | &nbsp;&nbsp; 7.965% | 650000 | &nbsp;&nbsp; 648973 |
| Mill City Mortgage Loan Trust<sup>(a),(c)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(c)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(c)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2019-GS1 Class B2 | CMO Series 2019-GS1 Class B2 | CMO Series 2019-GS1 Class B2 | CMO Series 2019-GS1 Class B2 |
| 07/25/2059 | &nbsp;&nbsp; 0.000% | 800000 | &nbsp;&nbsp; 637421 |
| Morgan Stanley ABS Capital I, Inc. Trust<sup>(b)</sup>  | Morgan Stanley ABS Capital I, Inc. Trust<sup>(b)</sup>  | Morgan Stanley ABS Capital I, Inc. Trust<sup>(b)</sup>  | Morgan Stanley ABS Capital I, Inc. Trust<sup>(b)</sup>  |
| CMO Series 2005-WMC1 Class M3 | CMO Series 2005-WMC1 Class M3 | CMO Series 2005-WMC1 Class M3 | CMO Series 2005-WMC1 Class M3 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.894% <br>Floor 0.780% <br>01/25/2035<br>| &nbsp;&nbsp; 5.219% | 163128 | &nbsp;&nbsp; 163683 |
| CMO Series 2007-HE2 Class A2B | CMO Series 2007-HE2 Class A2B | CMO Series 2007-HE2 Class A2B | CMO Series 2007-HE2 Class A2B |
| &nbsp;&nbsp; 1-month Term SOFR + 0.204% <br>Floor 0.090% <br>01/25/2037<br>| &nbsp;&nbsp; 4.619% | 1112587 | &nbsp;&nbsp; 506422 |
| CMO Series 2007-NC3 Class A2D | CMO Series 2007-NC3 Class A2D | CMO Series 2007-NC3 Class A2D | CMO Series 2007-NC3 Class A2D |
| &nbsp;&nbsp; 1-month Term SOFR + 0.374% <br>Floor 0.260% <br>05/25/2037<br>| &nbsp;&nbsp; 4.699% | 584378 | &nbsp;&nbsp; 446906 |
| Morgan Stanley Mortgage Loan Trust<sup>(b)</sup>  | Morgan Stanley Mortgage Loan Trust<sup>(b)</sup>  | Morgan Stanley Mortgage Loan Trust<sup>(b)</sup>  | Morgan Stanley Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2005-5AR Class 1M6 | CMO Series 2005-5AR Class 1M6 | CMO Series 2005-5AR Class 1M6 | CMO Series 2005-5AR Class 1M6 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.239% <br>Floor 1.125% <br>09/25/2035<br>| &nbsp;&nbsp; 5.564% | 500000 | &nbsp;&nbsp; 503567 |
| NMLT Trust<sup>(a),(c)</sup>  | NMLT Trust<sup>(a),(c)</sup>  | NMLT Trust<sup>(a),(c)</sup>  | NMLT Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 |
| 05/25/2056 | &nbsp;&nbsp; 1.185% | 810059 | &nbsp;&nbsp; 700025 |
| OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-NQM2 Class A1 | CMO Series 2021-NQM2 Class A1 | CMO Series 2021-NQM2 Class A1 | CMO Series 2021-NQM2 Class A1 |
| 05/25/2061 | &nbsp;&nbsp; 1.101% | 992122 | &nbsp;&nbsp; 804170 |
| CMO Series 2021-NQM3 Class A1 | CMO Series 2021-NQM3 Class A1 | CMO Series 2021-NQM3 Class A1 | CMO Series 2021-NQM3 Class A1 |
| 07/25/2061 | &nbsp;&nbsp; 1.054% | 1076364 | &nbsp;&nbsp; 870401 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Option One Mortgage Loan Trust<sup>(b)</sup>  | Option One Mortgage Loan Trust<sup>(b)</sup>  | Option One Mortgage Loan Trust<sup>(b)</sup>  | Option One Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2007-5 Class 2A2 | CMO Series 2007-5 Class 2A2 | CMO Series 2007-5 Class 2A2 | CMO Series 2007-5 Class 2A2 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.284% <br>Floor 0.170% <br>05/25/2037<br>| &nbsp;&nbsp; 4.609% | 780171 | &nbsp;&nbsp; 414600 |
| CMO Series 2007-5 Class 2A3 | CMO Series 2007-5 Class 2A3 | CMO Series 2007-5 Class 2A3 | CMO Series 2007-5 Class 2A3 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.344% <br>Floor 0.230% <br>05/25/2037<br>| &nbsp;&nbsp; 4.669% | 1420374 | &nbsp;&nbsp; 715322 |
| Series 2006-3 Class 1A1 | Series 2006-3 Class 1A1 | Series 2006-3 Class 1A1 | Series 2006-3 Class 1A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.254% <br>Floor 0.140% <br>02/25/2037<br>| &nbsp;&nbsp; 4.719% | 834692 | &nbsp;&nbsp; 523555 |
| Pretium Mortgage Credit Partners LLC<sup>(a),(k)</sup>  | Pretium Mortgage Credit Partners LLC<sup>(a),(k)</sup>  | Pretium Mortgage Credit Partners LLC<sup>(a),(k)</sup>  | Pretium Mortgage Credit Partners LLC<sup>(a),(k)</sup>  |
| CMO Series 2022-RN2 Class A2 | CMO Series 2022-RN2 Class A2 | CMO Series 2022-RN2 Class A2 | CMO Series 2022-RN2 Class A2 |
| 06/25/2052 | &nbsp;&nbsp; 6.500% | 720000 | &nbsp;&nbsp; 717224 |
| PRKCM Trust<sup>(a),(c)</sup>  | PRKCM Trust<sup>(a),(c)</sup>  | PRKCM Trust<sup>(a),(c)</sup>  | PRKCM Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-AFC2 Class A1 | CMO Series 2021-AFC2 Class A1 | CMO Series 2021-AFC2 Class A1 | CMO Series 2021-AFC2 Class A1 |
| 11/25/2056 | &nbsp;&nbsp; 2.071% | 935231 | &nbsp;&nbsp; 813368 |
| PRPM LLC<sup>(a),(c)</sup>  | PRPM LLC<sup>(a),(c)</sup>  | PRPM LLC<sup>(a),(c)</sup>  | PRPM LLC<sup>(a),(c)</sup>  |
| CMO Series 2024-RPL1 Class A3 | CMO Series 2024-RPL1 Class A3 | CMO Series 2024-RPL1 Class A3 | CMO Series 2024-RPL1 Class A3 |
| 12/25/2064 | &nbsp;&nbsp; 4.002% | 700000 | &nbsp;&nbsp; 665402 |
| RALI Series Trust<sup>(b)</sup>  | RALI Series Trust<sup>(b)</sup>  | RALI Series Trust<sup>(b)</sup>  | RALI Series Trust<sup>(b)</sup>  |
| CMO Series 2006-QA6 Class A3 | CMO Series 2006-QA6 Class A3 | CMO Series 2006-QA6 Class A3 | CMO Series 2006-QA6 Class A3 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.494% <br>Floor 0.380% <br>07/25/2036<br>| &nbsp;&nbsp; 4.819% | 248413 | &nbsp;&nbsp; 226245 |
| CMO Series 2007-QH6 Class A1 | CMO Series 2007-QH6 Class A1 | CMO Series 2007-QH6 Class A1 | CMO Series 2007-QH6 Class A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.494% <br>Floor 0.380% <br>07/25/2037<br>| &nbsp;&nbsp; 4.819% | 240867 | &nbsp;&nbsp; 223173 |
| RALI Trust<sup>(b)</sup>  | RALI Trust<sup>(b)</sup>  | RALI Trust<sup>(b)</sup>  | RALI Trust<sup>(b)</sup>  |
| CMO Series 2006-QO10 Class A1 | CMO Series 2006-QO10 Class A1 | CMO Series 2006-QO10 Class A1 | CMO Series 2006-QO10 Class A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.434% <br>Floor 0.320% <br>01/25/2037<br>| &nbsp;&nbsp; 4.759% | 505225 | &nbsp;&nbsp; 450010 |
| Series 2007-QO1 Class A1 | Series 2007-QO1 Class A1 | Series 2007-QO1 Class A1 | Series 2007-QO1 Class A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.414% <br>Floor 0.300% <br>02/25/2047<br>| &nbsp;&nbsp; 4.739% | 758199 | &nbsp;&nbsp; 678055 |
| RAMP Trust<sup>(b)</sup>  | RAMP Trust<sup>(b)</sup>  | RAMP Trust<sup>(b)</sup>  | RAMP Trust<sup>(b)</sup>  |
| CMO Series 2006-RZ2 Class M1 | CMO Series 2006-RZ2 Class M1 | CMO Series 2006-RZ2 Class M1 | CMO Series 2006-RZ2 Class M1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.609% <br>Floor 0.495%, Cap 14.000% <br>05/25/2036<br>| &nbsp;&nbsp; 4.934% | 335943 | &nbsp;&nbsp; 332699 |
| RASC Trust<sup>(b)</sup>  | RASC Trust<sup>(b)</sup>  | RASC Trust<sup>(b)</sup>  | RASC Trust<sup>(b)</sup>  |
| Series 2007-KS1 Class A4 | Series 2007-KS1 Class A4 | Series 2007-KS1 Class A4 | Series 2007-KS1 Class A4 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.554% <br>Floor 0.440%, Cap 14.000% <br>01/25/2037<br>| &nbsp;&nbsp; 4.879% | 967907 | &nbsp;&nbsp; 938515 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| RCKT Mortgage Trust<sup>(a)</sup>  | RCKT Mortgage Trust<sup>(a)</sup>  | RCKT Mortgage Trust<sup>(a)</sup>  | RCKT Mortgage Trust<sup>(a)</sup>  |
| CMO Series 2024-CES3 Class A2 | CMO Series 2024-CES3 Class A2 | CMO Series 2024-CES3 Class A2 | CMO Series 2024-CES3 Class A2 |
| 05/25/2044 | &nbsp;&nbsp; 6.682% | 570000 | &nbsp;&nbsp; 574983 |
| RCKT Mortgage Trust<sup>(a),(k)</sup>  | RCKT Mortgage Trust<sup>(a),(k)</sup>  | RCKT Mortgage Trust<sup>(a),(k)</sup>  | RCKT Mortgage Trust<sup>(a),(k)</sup>  |
| CMO Series 2024-CES8 Class A2 | CMO Series 2024-CES8 Class A2 | CMO Series 2024-CES8 Class A2 | CMO Series 2024-CES8 Class A2 |
| 11/25/2044 | &nbsp;&nbsp; 5.659% | 670000 | &nbsp;&nbsp; 666930 |
| RFMSI Trust | RFMSI Trust | RFMSI Trust | RFMSI Trust |
| CMO Series 2006-S10 Class 1A1 | CMO Series 2006-S10 Class 1A1 | CMO Series 2006-S10 Class 1A1 | CMO Series 2006-S10 Class 1A1 |
| 10/25/2036 | &nbsp;&nbsp; 6.000% | 457882 | &nbsp;&nbsp; 368258 |
| Saxon Asset Securities Trust<sup>(b)</sup>  | Saxon Asset Securities Trust<sup>(b)</sup>  | Saxon Asset Securities Trust<sup>(b)</sup>  | Saxon Asset Securities Trust<sup>(b)</sup>  |
| Series 2007-2 Class A2D | Series 2007-2 Class A2D | Series 2007-2 Class A2D | Series 2007-2 Class A2D |
| &nbsp;&nbsp; 1-month Term SOFR + 0.414% <br>Floor 0.300% <br>05/25/2047<br>| &nbsp;&nbsp; 4.739% | 517706 | &nbsp;&nbsp; 373631 |
| SG Residential Mortgage Trust<sup>(a),(c)</sup>  | SG Residential Mortgage Trust<sup>(a),(c)</sup>  | SG Residential Mortgage Trust<sup>(a),(c)</sup>  | SG Residential Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-2 Class A1 | CMO Series 2021-2 Class A1 | CMO Series 2021-2 Class A1 | CMO Series 2021-2 Class A1 |
| 12/25/2061 | &nbsp;&nbsp; 1.737% | 768291 | &nbsp;&nbsp; 655053 |
| Soundview Home Loan Trust<sup>(b)</sup>  | Soundview Home Loan Trust<sup>(b)</sup>  | Soundview Home Loan Trust<sup>(b)</sup>  | Soundview Home Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-OPT5 Class 1A1 | CMO Series 2006-OPT5 Class 1A1 | CMO Series 2006-OPT5 Class 1A1 | CMO Series 2006-OPT5 Class 1A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.394% <br>Floor 0.280% <br>07/25/2036<br>| &nbsp;&nbsp; 4.719% | 169368 | &nbsp;&nbsp; 164328 |
| Structured Adjustable Rate Mortgage Loan Trust<sup>(b)</sup>  | Structured Adjustable Rate Mortgage Loan Trust<sup>(b)</sup>  | Structured Adjustable Rate Mortgage Loan Trust<sup>(b)</sup>  | Structured Adjustable Rate Mortgage Loan Trust<sup>(b)</sup>  |
| Series 2007-4 Class 1A2 | Series 2007-4 Class 1A2 | Series 2007-4 Class 1A2 | Series 2007-4 Class 1A2 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.554% <br>Floor 0.440% <br>05/25/2037<br>| &nbsp;&nbsp; 4.879% | 673653 | &nbsp;&nbsp; 610774 |
| Structured Asset Investment Loan Trust<sup>(b)</sup>  | Structured Asset Investment Loan Trust<sup>(b)</sup>  | Structured Asset Investment Loan Trust<sup>(b)</sup>  | Structured Asset Investment Loan Trust<sup>(b)</sup>  |
| CMO Series 2004-6 Class A3 | CMO Series 2004-6 Class A3 | CMO Series 2004-6 Class A3 | CMO Series 2004-6 Class A3 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.914% <br>Floor 0.800% <br>07/25/2034<br>| &nbsp;&nbsp; 5.239% | 241908 | &nbsp;&nbsp; 249496 |
| Structured Asset Mortgage Investments II Trust<sup>(b)</sup>  | Structured Asset Mortgage Investments II Trust<sup>(b)</sup>  | Structured Asset Mortgage Investments II Trust<sup>(b)</sup>  | Structured Asset Mortgage Investments II Trust<sup>(b)</sup>  |
| CMO Series 2006-AR7 Class A1A | CMO Series 2006-AR7 Class A1A | CMO Series 2006-AR7 Class A1A | CMO Series 2006-AR7 Class A1A |
| &nbsp;&nbsp; 1-month Term SOFR + 0.534% <br>Floor 0.420%, Cap 10.500% <br>08/25/2036<br>| &nbsp;&nbsp; 4.859% | 606206 | &nbsp;&nbsp; 491994 |
| CMO Series 2006-AR8 Class A1A | CMO Series 2006-AR8 Class A1A | CMO Series 2006-AR8 Class A1A | CMO Series 2006-AR8 Class A1A |
| &nbsp;&nbsp; 1-month Term SOFR + 0.514% <br>Floor 0.400%, Cap 10.500% <br>10/25/2036<br>| &nbsp;&nbsp; 4.839% | 248836 | &nbsp;&nbsp; 221230 |
| Structured Asset Securities Corp Mortgage Loan Trust<sup>(b)</sup>  | Structured Asset Securities Corp Mortgage Loan Trust<sup>(b)</sup>  | Structured Asset Securities Corp Mortgage Loan Trust<sup>(b)</sup>  | Structured Asset Securities Corp Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2005-2XS Class M1 | CMO Series 2005-2XS Class M1 | CMO Series 2005-2XS Class M1 | CMO Series 2005-2XS Class M1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.819% <br>Floor 0.705%, Cap 11.000% <br>02/25/2035<br>| &nbsp;&nbsp; 5.144% | 756186 | &nbsp;&nbsp; 722476 |
| Thornburg Mortgage Securities Trust<sup>(b)</sup>  | Thornburg Mortgage Securities Trust<sup>(b)</sup>  | Thornburg Mortgage Securities Trust<sup>(b)</sup>  | Thornburg Mortgage Securities Trust<sup>(b)</sup>  |
| CMO Series 2004-3 Class A | CMO Series 2004-3 Class A | CMO Series 2004-3 Class A | CMO Series 2004-3 Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 0.854% <br>Floor 0.740%, Cap 11.000% <br>09/25/2034<br>| &nbsp;&nbsp; 5.179% | 254968 | &nbsp;&nbsp; 238194 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Towd Point Mortgage Trust<sup>(a),(c)</sup>  | Towd Point Mortgage Trust<sup>(a),(c)</sup>  | Towd Point Mortgage Trust<sup>(a),(c)</sup>  | Towd Point Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2017-4 Class A2 | CMO Series 2017-4 Class A2 | CMO Series 2017-4 Class A2 | CMO Series 2017-4 Class A2 |
| 06/25/2057 | &nbsp;&nbsp; 3.000% | 900000 | &nbsp;&nbsp; 842594 |
| CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 |
| 12/25/2058 | &nbsp;&nbsp; 3.750% | 275000 | &nbsp;&nbsp; 233911 |
| CMO Series 2024-CES6 Class M1 | CMO Series 2024-CES6 Class M1 | CMO Series 2024-CES6 Class M1 | CMO Series 2024-CES6 Class M1 |
| 11/25/2064 | &nbsp;&nbsp; 6.102% | 620000 | &nbsp;&nbsp; 628916 |
| Series 2018-2 Class M1 | Series 2018-2 Class M1 | Series 2018-2 Class M1 | Series 2018-2 Class M1 |
| 03/25/2058 | &nbsp;&nbsp; 3.500% | 900000 | &nbsp;&nbsp; 845603 |
| Subordinated CMO Series 2017-2 Class B1 | Subordinated CMO Series 2017-2 Class B1 | Subordinated CMO Series 2017-2 Class B1 | Subordinated CMO Series 2017-2 Class B1 |
| 04/25/2057 | &nbsp;&nbsp; 4.180% | 760000 | &nbsp;&nbsp; 719825 |
| Towd Point Mortgage Trust<sup>(a),(b)</sup>  | Towd Point Mortgage Trust<sup>(a),(b)</sup>  | Towd Point Mortgage Trust<sup>(a),(b)</sup>  | Towd Point Mortgage Trust<sup>(a),(b)</sup>  |
| CMO Series 2019-HY3 Class M1 | CMO Series 2019-HY3 Class M1 | CMO Series 2019-HY3 Class M1 | CMO Series 2019-HY3 Class M1 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.614% <br>Floor 1.500% <br>10/25/2059<br>| &nbsp;&nbsp; 5.939% | 650000 | &nbsp;&nbsp; 663186 |
| Verus Securitization Trust<sup>(a),(k)</sup>  | Verus Securitization Trust<sup>(a),(k)</sup>  | Verus Securitization Trust<sup>(a),(k)</sup>  | Verus Securitization Trust<sup>(a),(k)</sup>  |
| CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 |
| 01/25/2067 | &nbsp;&nbsp; 2.724% | 131612 | &nbsp;&nbsp; 121570 |
| CMO Series 2022-8 Class A3 | CMO Series 2022-8 Class A3 | CMO Series 2022-8 Class A3 | CMO Series 2022-8 Class A3 |
| 09/25/2067 | &nbsp;&nbsp; 6.127% | 77488 | &nbsp;&nbsp; 77409 |
| CMO Series 2022-INV1 Class A1 | CMO Series 2022-INV1 Class A1 | CMO Series 2022-INV1 Class A1 | CMO Series 2022-INV1 Class A1 |
| 08/25/2067 | &nbsp;&nbsp; 5.041% | 307908 | &nbsp;&nbsp; 305160 |
| CMO Series 2023-4 Class A1 | CMO Series 2023-4 Class A1 | CMO Series 2023-4 Class A1 | CMO Series 2023-4 Class A1 |
| 05/25/2068 | &nbsp;&nbsp; 5.811% | 592821 | &nbsp;&nbsp; 591962 |
| CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 |
| 01/25/2069 | &nbsp;&nbsp; 5.712% | 66761 | &nbsp;&nbsp; 66757 |
| Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  |
| Subordinated CMO Series 2023-2 Class B1 | Subordinated CMO Series 2023-2 Class B1 | Subordinated CMO Series 2023-2 Class B1 | Subordinated CMO Series 2023-2 Class B1 |
| 03/25/2068 | &nbsp;&nbsp; 7.488% | 550000 | &nbsp;&nbsp; 547731 |
| Subordinated CMO Series 2024-2 Class B1 | Subordinated CMO Series 2024-2 Class B1 | Subordinated CMO Series 2024-2 Class B1 | Subordinated CMO Series 2024-2 Class B1 |
| 02/25/2069 | &nbsp;&nbsp; 7.864% | 472000 | &nbsp;&nbsp; 472068 |
| WaMu Asset-Backed Certificates Trust<sup>(b)</sup>  | WaMu Asset-Backed Certificates Trust<sup>(b)</sup>  | WaMu Asset-Backed Certificates Trust<sup>(b)</sup>  | WaMu Asset-Backed Certificates Trust<sup>(b)</sup>  |
| CMO Series 2007-HE1 Class 2A4 | CMO Series 2007-HE1 Class 2A4 | CMO Series 2007-HE1 Class 2A4 | CMO Series 2007-HE1 Class 2A4 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.574% <br>Floor 0.460% <br>01/25/2037<br>| &nbsp;&nbsp; 4.899% | 1022868 | &nbsp;&nbsp; 460069 |
| WaMu Mortgage Pass-Through Certificates<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates<sup>(b)</sup>  |
| CMO Series 2005-AR8 Class 2AC2 | CMO Series 2005-AR8 Class 2AC2 | CMO Series 2005-AR8 Class 2AC2 | CMO Series 2005-AR8 Class 2AC2 |
| &nbsp;&nbsp; 1-month Term SOFR + 1.034% <br>Floor 0.920%, Cap 10.500% <br>07/25/2045<br>| &nbsp;&nbsp; 5.359% | 283593 | &nbsp;&nbsp; 271880 |
| WaMu Mortgage Pass-Through Certificates Trust<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(b)</sup>  |
| CMO Series 2005-AR15 Class A1A1 | CMO Series 2005-AR15 Class A1A1 | CMO Series 2005-AR15 Class A1A1 | CMO Series 2005-AR15 Class A1A1 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.634% <br>Floor 0.520%, Cap 10.500% <br>11/25/2045<br>| &nbsp;&nbsp; 4.959% | 869484 | &nbsp;&nbsp; 830850 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** | **Residential Mortgage-Backed Securities - Non-Agency 12.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CMO Series 2007-OA4 Class 1A | CMO Series 2007-OA4 Class 1A | CMO Series 2007-OA4 Class 1A | CMO Series 2007-OA4 Class 1A |
| &nbsp;&nbsp; 1-year MTA + 0.770% <br>Floor 0.770% <br>05/25/2047<br>| &nbsp;&nbsp; 5.168% | 490036 | &nbsp;&nbsp; 424856 |
| Washington Mutual Mortgage Pass-Through Certificates WMALT Trust<sup>(b)</sup>  | Washington Mutual Mortgage Pass-Through Certificates WMALT Trust<sup>(b)</sup>  | Washington Mutual Mortgage Pass-Through Certificates WMALT Trust<sup>(b)</sup>  | Washington Mutual Mortgage Pass-Through Certificates WMALT Trust<sup>(b)</sup>  |
| CMO Series 2006-AR2 Class A1A | CMO Series 2006-AR2 Class A1A | CMO Series 2006-AR2 Class A1A | CMO Series 2006-AR2 Class A1A |
| &nbsp;&nbsp; 1-year MTA + 0.940% <br>Floor 0.940% <br>04/25/2046<br>| &nbsp;&nbsp; 5.338% | 191024 | &nbsp;&nbsp; 169166 |
| Wells Fargo Home Equity Asset-Backed Securities Trust<sup>(b)</sup>  | Wells Fargo Home Equity Asset-Backed Securities Trust<sup>(b)</sup>  | Wells Fargo Home Equity Asset-Backed Securities Trust<sup>(b)</sup>  | Wells Fargo Home Equity Asset-Backed Securities Trust<sup>(b)</sup>  |
| CMO Series 2007-1 Class A3 | CMO Series 2007-1 Class A3 | CMO Series 2007-1 Class A3 | CMO Series 2007-1 Class A3 |
| &nbsp;&nbsp; 1-month Term SOFR + 0.754% <br>Floor 0.640% <br>03/25/2037<br>| &nbsp;&nbsp; 5.079% | 900000 | &nbsp;&nbsp; 838391 |
| Wells Fargo Mortgage Backed Securities Trust | Wells Fargo Mortgage Backed Securities Trust | Wells Fargo Mortgage Backed Securities Trust | Wells Fargo Mortgage Backed Securities Trust |
| CMO Series 2007-7 Class A39 | CMO Series 2007-7 Class A39 | CMO Series 2007-7 Class A39 | CMO Series 2007-7 Class A39 |
| 06/25/2037 | &nbsp;&nbsp; 6.000% | 655669 | &nbsp;&nbsp; 604844 |
| &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $60,077,994) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $60,077,994) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $60,077,994) | &nbsp;&nbsp; **59069280** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Rights 0.1%** | **Rights 0.1%** | **Rights 0.1%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Health Care 0.1%** | **Health Care 0.1%** | **Health Care 0.1%** |
| **Biotechnology 0.1%** | **Biotechnology 0.1%** | **Biotechnology 0.1%** |
| Albireo Pharma, Inc., CVR<sup>(h),(i),(o),(p)</sup> <br>| &nbsp;&nbsp; 37853 | &nbsp;&nbsp; 100799 |
| Concert Pharmaceuticals, Inc., CVR<sup>(h),(i),(o),(p)</sup> <br>| &nbsp;&nbsp; 173147 | &nbsp;&nbsp; 79284 |
| Total |  | &nbsp;&nbsp; 180083 |
| **Health Care Equipment & Supplies 0.0%** | **Health Care Equipment & Supplies 0.0%** | **Health Care Equipment & Supplies 0.0%** |
| Abiomed, Inc., CVR<sup>(h),(i),(o),(p)</sup> <br>| &nbsp;&nbsp; 15541 | &nbsp;&nbsp; 24866 |
| **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** |
| Cincor Pharma, Inc.<sup>(h),(i),(o),(p)</sup> <br>| &nbsp;&nbsp; 44405 | &nbsp;&nbsp; 168690 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **373639** |
| **Materials 0.0%** | **Materials 0.0%** | **Materials 0.0%** |
| **Paper & Forest Products 0.0%** | **Paper & Forest Products 0.0%** | **Paper & Forest Products 0.0%** |
| Resolute Forest Products, Inc.<sup>(h),(i),(o),(p)</sup> <br>| &nbsp;&nbsp; 76222 | &nbsp;&nbsp; 114333 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **114333** |
| &nbsp;&nbsp; Total Rights <br>(Cost $381,037) | &nbsp;&nbsp; Total Rights <br>(Cost $381,037) | &nbsp;&nbsp; **487972** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans 3.1%** | **Senior Loans 3.1%** | **Senior Loans 3.1%** | **Senior Loans 3.1%** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** |
| Dynasty Acquisition Co., Inc.<sup>(b),(q)</sup>  | Dynasty Acquisition Co., Inc.<sup>(b),(q)</sup>  | Dynasty Acquisition Co., Inc.<sup>(b),(q)</sup>  | Dynasty Acquisition Co., Inc.<sup>(b),(q)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>10/31/2031<br>| &nbsp;&nbsp; 6.327% | 147417 | &nbsp;&nbsp; 147304 |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>10/31/2031<br>| &nbsp;&nbsp; 6.327% | 56073 | &nbsp;&nbsp; 56029 |
| TransDigm, Inc.<sup>(b),(q)</sup>  | TransDigm, Inc.<sup>(b),(q)</sup>  | TransDigm, Inc.<sup>(b),(q)</sup>  | TransDigm, Inc.<sup>(b),(q)</sup>  |
| Tranche J Term Loan | Tranche J Term Loan | Tranche J Term Loan | Tranche J Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>02/28/2031<br>| &nbsp;&nbsp; 6.799% | 148875 | &nbsp;&nbsp; 148826 |
| Tranche K Term Loan | Tranche K Term Loan | Tranche K Term Loan | Tranche K Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>03/22/2030<br>| &nbsp;&nbsp; 7.049% | 54450 | &nbsp;&nbsp; 54575 |
| Tranche L Term Loan | Tranche L Term Loan | Tranche L Term Loan | Tranche L Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>01/19/2032<br>| &nbsp;&nbsp; 6.799% | 149250 | &nbsp;&nbsp; 149150 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **555884** |
| **Airlines 0.3%** | **Airlines 0.3%** | **Airlines 0.3%** | **Airlines 0.3%** |
| AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(q)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(q)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(q)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>04/20/2028<br>| &nbsp;&nbsp; 6.522% | 133250 | &nbsp;&nbsp; 131718 |
| American Airlines, Inc.<sup>(b),(n),(q)</sup>  | American Airlines, Inc.<sup>(b),(n),(q)</sup>  | American Airlines, Inc.<sup>(b),(n),(q)</sup>  | American Airlines, Inc.<sup>(b),(n),(q)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>05/28/2032<br>| &nbsp;&nbsp; 7.580% | 355000 | &nbsp;&nbsp; 356257 |
| AS Mileage Plan IP Ltd.<sup>(b),(q)</sup>  | AS Mileage Plan IP Ltd.<sup>(b),(q)</sup>  | AS Mileage Plan IP Ltd.<sup>(b),(q)</sup>  | AS Mileage Plan IP Ltd.<sup>(b),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>10/15/2031<br>| &nbsp;&nbsp; 6.269% | 248750 | &nbsp;&nbsp; 249061 |
| JetBlue Airways Corp.<sup>(b),(q)</sup>  | JetBlue Airways Corp.<sup>(b),(q)</sup>  | JetBlue Airways Corp.<sup>(b),(q)</sup>  | JetBlue Airways Corp.<sup>(b),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.750% <br>Floor 0.500% <br>08/27/2029<br>| &nbsp;&nbsp; 9.055% | 432825 | &nbsp;&nbsp; 420381 |
| United AirLines, Inc.<sup>(b),(q)</sup>  | United AirLines, Inc.<sup>(b),(q)</sup>  | United AirLines, Inc.<sup>(b),(q)</sup>  | United AirLines, Inc.<sup>(b),(q)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>02/22/2031<br>| &nbsp;&nbsp; 6.275% | 402592 | &nbsp;&nbsp; 403296 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1560713** |
| **Automotive 0.1%** | **Automotive 0.1%** | **Automotive 0.1%** | **Automotive 0.1%** |
| Clarios Global LP<sup>(b),(n),(q)</sup>  | Clarios Global LP<sup>(b),(n),(q)</sup>  | Clarios Global LP<sup>(b),(n),(q)</sup>  | Clarios Global LP<sup>(b),(n),(q)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>01/28/2032<br>| &nbsp;&nbsp; 7.077% | 640000 | &nbsp;&nbsp; 637798 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Building Materials 0.2%** | **Building Materials 0.2%** | **Building Materials 0.2%** | **Building Materials 0.2%** |
| Quikrete Holdings, Inc.<sup>(b),(n),(q)</sup>  | Quikrete Holdings, Inc.<sup>(b),(n),(q)</sup>  | Quikrete Holdings, Inc.<sup>(b),(n),(q)</sup>  | Quikrete Holdings, Inc.<sup>(b),(n),(q)</sup>  |
| Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>02/10/2032<br>| &nbsp;&nbsp; 6.577% | 895000 | &nbsp;&nbsp; 890525 |
| **Construction Machinery 0.0%** | **Construction Machinery 0.0%** | **Construction Machinery 0.0%** | **Construction Machinery 0.0%** |
| United Rentals (North America), Inc.<sup>(b),(q)</sup>  | United Rentals (North America), Inc.<sup>(b),(q)</sup>  | United Rentals (North America), Inc.<sup>(b),(q)</sup>  | United Rentals (North America), Inc.<sup>(b),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 1.750% <br>02/14/2031<br>| &nbsp;&nbsp; 6.077% | 198000 | &nbsp;&nbsp; 199610 |
| **Electric 0.2%** | **Electric 0.2%** | **Electric 0.2%** | **Electric 0.2%** |
| Long Ridge Energy LLC<sup>(b),(q)</sup>  | Long Ridge Energy LLC<sup>(b),(q)</sup>  | Long Ridge Energy LLC<sup>(b),(q)</sup>  | Long Ridge Energy LLC<sup>(b),(q)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.500% <br>02/19/2032<br>| &nbsp;&nbsp; 8.827% | 410000 | &nbsp;&nbsp; 397188 |
| NRG Energy, Inc.<sup>(b),(q)</sup>  | NRG Energy, Inc.<sup>(b),(q)</sup>  | NRG Energy, Inc.<sup>(b),(q)</sup>  | NRG Energy, Inc.<sup>(b),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 1.750% <br>04/16/2031<br>| &nbsp;&nbsp; 6.030% | 492513 | &nbsp;&nbsp; 492463 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **889651** |
| **Environmental 0.1%** | **Environmental 0.1%** | **Environmental 0.1%** | **Environmental 0.1%** |
| Clean Harbors, Inc.<sup>(b),(n),(q)</sup>  | Clean Harbors, Inc.<sup>(b),(n),(q)</sup>  | Clean Harbors, Inc.<sup>(b),(n),(q)</sup>  | Clean Harbors, Inc.<sup>(b),(n),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 1.750% <br>10/08/2028<br>| &nbsp;&nbsp; 6.077% | 313149 | &nbsp;&nbsp; 315576 |
| **Food and Beverage 0.1%** | **Food and Beverage 0.1%** | **Food and Beverage 0.1%** | **Food and Beverage 0.1%** |
| Aramark Intermediate HoldCo Corp.<sup>(b),(q)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(q)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(q)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(q)</sup>  |
| Tranche B7 Term Loan | Tranche B7 Term Loan | Tranche B7 Term Loan | Tranche B7 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>04/06/2028<br>| &nbsp;&nbsp; 6.327% | 64000 | &nbsp;&nbsp; 64080 |
| Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>06/22/2030<br>| &nbsp;&nbsp; 6.327% | 274666 | &nbsp;&nbsp; 274724 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **338804** |
| **Health Care 0.2%** | **Health Care 0.2%** | **Health Care 0.2%** | **Health Care 0.2%** |
| Medline Borrower LP<sup>(b),(q)</sup>  | Medline Borrower LP<sup>(b),(q)</sup>  | Medline Borrower LP<sup>(b),(q)</sup>  | Medline Borrower LP<sup>(b),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>Floor 0.500% <br>10/23/2028<br>| &nbsp;&nbsp; 6.577% | 761623 | &nbsp;&nbsp; 760740 |
| **Independent Energy 0.1%** | **Independent Energy 0.1%** | **Independent Energy 0.1%** | **Independent Energy 0.1%** |
| Hilcorp Energy I LP<sup>(b),(n),(q)</sup>  | Hilcorp Energy I LP<sup>(b),(n),(q)</sup>  | Hilcorp Energy I LP<sup>(b),(n),(q)</sup>  | Hilcorp Energy I LP<sup>(b),(n),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>02/11/2030<br>| &nbsp;&nbsp; 6.333% | 445000 | &nbsp;&nbsp; 443701 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Leisure 0.2%** | **Leisure 0.2%** | **Leisure 0.2%** | **Leisure 0.2%** |
| Carnival Corp.<sup>(b),(q)</sup>  | Carnival Corp.<sup>(b),(q)</sup>  | Carnival Corp.<sup>(b),(q)</sup>  | Carnival Corp.<sup>(b),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>08/08/2027<br>| &nbsp;&nbsp; 6.325% | 113445 | &nbsp;&nbsp; 113338 |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>10/18/2028<br>| &nbsp;&nbsp; 6.325% | 226000 | &nbsp;&nbsp; 225661 |
| Formula 1 DELTA 2 SARL<sup>(b),(n),(q)</sup>  | Formula 1 DELTA 2 SARL<sup>(b),(n),(q)</sup>  | Formula 1 DELTA 2 SARL<sup>(b),(n),(q)</sup>  | Formula 1 DELTA 2 SARL<sup>(b),(n),(q)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>Floor 0.500% <br>09/30/2031<br>| &nbsp;&nbsp; 7.201% | 89000 | &nbsp;&nbsp; 88956 |
| Formula One Management Ltd.<sup>(b),(q)</sup>  | Formula One Management Ltd.<sup>(b),(q)</sup>  | Formula One Management Ltd.<sup>(b),(q)</sup>  | Formula One Management Ltd.<sup>(b),(q)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>Floor 0.500% <br>09/30/2031<br>| &nbsp;&nbsp; 6.299% | 179000 | &nbsp;&nbsp; 178910 |
| UFC Holdings LLC<sup>(b),(q)</sup>  | UFC Holdings LLC<sup>(b),(q)</sup>  | UFC Holdings LLC<sup>(b),(q)</sup>  | UFC Holdings LLC<sup>(b),(q)</sup>  |
| Tranche B4 1st Lien Term Loan | Tranche B4 1st Lien Term Loan | Tranche B4 1st Lien Term Loan | Tranche B4 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>11/21/2031<br>| &nbsp;&nbsp; 6.571% | 416955 | &nbsp;&nbsp; 417839 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1024704** |
| **Lodging 0.2%** | **Lodging 0.2%** | **Lodging 0.2%** | **Lodging 0.2%** |
| Hilton Domestic Operating Co., Inc.<sup>(b),(q)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b),(q)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b),(q)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b),(q)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 1.750% <br>11/08/2030<br>| &nbsp;&nbsp; 6.075% | 360000 | &nbsp;&nbsp; 361073 |
| Travel + Leisure Co.<sup>(b),(q)</sup>  | Travel + Leisure Co.<sup>(b),(q)</sup>  | Travel + Leisure Co.<sup>(b),(q)</sup>  | Travel + Leisure Co.<sup>(b),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>Floor 0.500% <br>12/14/2029<br>| &nbsp;&nbsp; 6.827% | 592762 | &nbsp;&nbsp; 590172 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **951245** |
| **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** |
| Opal Bidco SAS<sup>(b),(n),(q)</sup>  | Opal Bidco SAS<sup>(b),(n),(q)</sup>  | Opal Bidco SAS<sup>(b),(n),(q)</sup>  | Opal Bidco SAS<sup>(b),(n),(q)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>04/28/2032<br>| &nbsp;&nbsp; 7.435% | 760000 | &nbsp;&nbsp; 760380 |
| **Other Industry 0.2%** | **Other Industry 0.2%** | **Other Industry 0.2%** | **Other Industry 0.2%** |
| AECOM<sup>(b),(q)</sup>  | AECOM<sup>(b),(q)</sup>  | AECOM<sup>(b),(q)</sup>  | AECOM<sup>(b),(q)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 1.750% <br>04/18/2031<br>| &nbsp;&nbsp; 6.077% | 441648 | &nbsp;&nbsp; 444271 |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Gloves Buyer, Inc.<sup>(b),(n),(q)</sup>  | Gloves Buyer, Inc.<sup>(b),(n),(q)</sup>  | Gloves Buyer, Inc.<sup>(b),(n),(q)</sup>  | Gloves Buyer, Inc.<sup>(b),(n),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.000% <br>Floor 0.750% <br>05/21/2032<br>| &nbsp;&nbsp; 8.326% | 485000 | &nbsp;&nbsp; 468995 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **913266** |
| **Packaging 0.1%** | **Packaging 0.1%** | **Packaging 0.1%** | **Packaging 0.1%** |
| Clydesdale Acquisition Holdings, Inc.<sup>(b),(n),(q),(r)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(n),(q),(r)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(n),(q),(r)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(n),(q),(r)</sup>  |
| Delayed Draw Tranche B 1st Lien Term Loan | Delayed Draw Tranche B 1st Lien Term Loan | Delayed Draw Tranche B 1st Lien Term Loan | Delayed Draw Tranche B 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>04/01/2032<br>| &nbsp;&nbsp; 0.224% | 7360 | &nbsp;&nbsp; 7299 |
| Clydesdale Acquisition Holdings, Inc.<sup>(b),(q)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(q)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(q)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(q)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>04/01/2032<br>| &nbsp;&nbsp; 7.548% | 420995 | &nbsp;&nbsp; 417509 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **424808** |
| **Pharmaceuticals 0.1%** | **Pharmaceuticals 0.1%** | **Pharmaceuticals 0.1%** | **Pharmaceuticals 0.1%** |
| 1261229 BC Ltd.<sup>(b),(q)</sup>  | 1261229 BC Ltd.<sup>(b),(q)</sup>  | 1261229 BC Ltd.<sup>(b),(q)</sup>  | 1261229 BC Ltd.<sup>(b),(q)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 6.250% <br>10/08/2030<br>| &nbsp;&nbsp; 10.587% | 390000 | &nbsp;&nbsp; 369580 |
| Organon & Co.<sup>(b),(q)</sup>  | Organon & Co.<sup>(b),(q)</sup>  | Organon & Co.<sup>(b),(q)</sup>  | Organon & Co.<sup>(b),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>05/19/2031<br>| &nbsp;&nbsp; 6.573% | 145000 | &nbsp;&nbsp; 141012 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **510592** |
| **Restaurants 0.2%** | **Restaurants 0.2%** | **Restaurants 0.2%** | **Restaurants 0.2%** |
| 1011778 BC ULC<sup>(b),(q)</sup>  | 1011778 BC ULC<sup>(b),(q)</sup>  | 1011778 BC ULC<sup>(b),(q)</sup>  | 1011778 BC ULC<sup>(b),(q)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 1.750% <br>09/20/2030<br>| &nbsp;&nbsp; 6.077% | 789037 | &nbsp;&nbsp; 785487 |
| KFC Holding Co./Yum! Brands<sup>(b),(q)</sup>  | KFC Holding Co./Yum! Brands<sup>(b),(q)</sup>  | KFC Holding Co./Yum! Brands<sup>(b),(q)</sup>  | KFC Holding Co./Yum! Brands<sup>(b),(q)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 1.750% <br>03/15/2028<br>| &nbsp;&nbsp; 6.191% | 328364 | &nbsp;&nbsp; 330416 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1115903** |
| **Retailers 0.2%** | **Retailers 0.2%** | **Retailers 0.2%** | **Retailers 0.2%** |
| Great Outdoors Group LLC<sup>(b),(q)</sup>  | Great Outdoors Group LLC<sup>(b),(q)</sup>  | Great Outdoors Group LLC<sup>(b),(q)</sup>  | Great Outdoors Group LLC<sup>(b),(q)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>Floor 0.750% <br>01/23/2032<br>| &nbsp;&nbsp; 7.577% | 942638 | &nbsp;&nbsp; 933682 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Technology 0.4%** | **Technology 0.4%** | **Technology 0.4%** | **Technology 0.4%** |
| CACI International, Inc.<sup>(b),(n),(q)</sup>  | CACI International, Inc.<sup>(b),(n),(q)</sup>  | CACI International, Inc.<sup>(b),(n),(q)</sup>  | CACI International, Inc.<sup>(b),(n),(q)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 1.750% <br>10/30/2031<br>| &nbsp;&nbsp; 6.074% | 613650 | &nbsp;&nbsp; 614036 |
| Clearwater Analytics LLC<sup>(b),(q)</sup>  | Clearwater Analytics LLC<sup>(b),(q)</sup>  | Clearwater Analytics LLC<sup>(b),(q)</sup>  | Clearwater Analytics LLC<sup>(b),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>04/21/2032<br>| &nbsp;&nbsp; 6.519% | 430000 | &nbsp;&nbsp; 430000 |
| Cloud Software Group, Inc.<sup>(b),(q)</sup>  | Cloud Software Group, Inc.<sup>(b),(q)</sup>  | Cloud Software Group, Inc.<sup>(b),(q)</sup>  | Cloud Software Group, Inc.<sup>(b),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.750% <br>03/21/2031<br>| &nbsp;&nbsp; 8.049% | 512425 | &nbsp;&nbsp; 510903 |
| Kaseya, Inc.<sup>(b),(q)</sup>  | Kaseya, Inc.<sup>(b),(q)</sup>  | Kaseya, Inc.<sup>(b),(q)</sup>  | Kaseya, Inc.<sup>(b),(q)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>03/20/2032<br>| &nbsp;&nbsp; 7.577% | 385000 | &nbsp;&nbsp; 384727 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1939666** |
| &nbsp;&nbsp; Total Senior Loans <br>(Cost $15,263,890) | &nbsp;&nbsp; Total Senior Loans <br>(Cost $15,263,890) | &nbsp;&nbsp; Total Senior Loans <br>(Cost $15,263,890) | &nbsp;&nbsp; **15167248** |
| **U.S. Treasury Obligations 1.6%** | **U.S. Treasury Obligations 1.6%** | **U.S. Treasury Obligations 1.6%** | **U.S. Treasury Obligations 1.6%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| U.S. Treasury | U.S. Treasury | U.S. Treasury | U.S. Treasury |
| 01/31/2027 | &nbsp;&nbsp; 1.500% | 222000 | &nbsp;&nbsp; 213233 |
| 05/31/2027 | &nbsp;&nbsp; 2.625% | 125000 | &nbsp;&nbsp; 121929 |
| 05/15/2032 | &nbsp;&nbsp; 2.875% | 385000 | &nbsp;&nbsp; 355102 |
| 08/15/2032 | &nbsp;&nbsp; 2.750% | 1335000 | &nbsp;&nbsp; 1216310 |
| 02/15/2033 | &nbsp;&nbsp; 3.500% | 1320000 | &nbsp;&nbsp; 1257300 |
| 02/15/2042 | &nbsp;&nbsp; 2.375% | 175000 | &nbsp;&nbsp; 124633 |
| 11/15/2042 | &nbsp;&nbsp; 2.750% | 590000 | &nbsp;&nbsp; 439826 |
| 02/15/2049 | &nbsp;&nbsp; 3.000% | 2760000 | &nbsp;&nbsp; 1987200 |
| 02/15/2050 | &nbsp;&nbsp; 2.000% | 620000 | &nbsp;&nbsp; 354950 |
| 08/15/2052 | &nbsp;&nbsp; 3.000% | 95000 | &nbsp;&nbsp; 66990 |
| 02/15/2053 | &nbsp;&nbsp; 3.625% | 500000 | &nbsp;&nbsp; 399219 |
| 05/15/2055 | &nbsp;&nbsp; 4.750% | 59000 | &nbsp;&nbsp; 57497 |
| U.S. Treasury<sup>(g)</sup>  | U.S. Treasury<sup>(g)</sup>  | U.S. Treasury<sup>(g)</sup>  | U.S. Treasury<sup>(g)</sup>  |
| 05/31/2030 | &nbsp;&nbsp; 4.000% | 1050000 | &nbsp;&nbsp; 1052215 |
| &nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $8,238,194) | &nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $8,238,194) | &nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $8,238,194) | &nbsp;&nbsp; **7646404** |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Money Market Funds 28.3%** | **Money Market Funds 28.3%** | **Money Market Funds 28.3%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.495%<sup>(s),(t)</sup> <br>| &nbsp;&nbsp; 136140694 | &nbsp;&nbsp; 136099851 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $136,108,698) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $136,108,698) | &nbsp;&nbsp; **136099851** |
| **Total Investments in Securities** <br>**(Cost: $492,303,291)** | **Total Investments in Securities** <br>**(Cost: $492,303,291)** | &nbsp;&nbsp; **489503978** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(8311222)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **481192756** |

---

At May 31, 2025, securities and/or cash totaling $13,090,923 were pledged as collateral.

**Investments in derivatives** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** |
| **Currency to** <br>**be sold**<br>| &nbsp;&nbsp;&nbsp; **Currency to** <br>**be purchased**<br>| **Counterparty** | **Settlement** <br>**date**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**depreciation ($)**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 486,452 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302,792 USD | ANZ Securities | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10844)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 731,275 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 819,774 USD | ANZ Securities | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11353)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147,000 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86,410 USD | ANZ Securities | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1478)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673,125 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,075,615 NOK | Barclays | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 26104 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,770,896 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,473,071 USD | Barclays | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (222357)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 51,919,148 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356,480 USD | Barclays | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4946)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 10,571,475 MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 512,080 USD | Barclays | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (31916)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 818,412 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 718,307 EUR | Barclays | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2025)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,055,534 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 810,465 GBP | Barclays | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 36523 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501,969 USD | &nbsp;&nbsp;&nbsp;&nbsp; 10,571,475 MXN | Barclays | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 42026 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729,584 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,593,141 NOK | Barclays | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 14290 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 846,099 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,096,797 SGD | Barclays | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5099 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 676,875 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,858,145 NOK | Barclays | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 286 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 676,875 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,852,086 NOK | Barclays | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (308)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,365,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,550,221 USD | Barclays | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1661)<br>|
| &nbsp;&nbsp; 198,689,331 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,373,056 USD | Barclays | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10869)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,526,329 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,365,000 EUR | Barclays | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 25553 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,425,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 493,531,754 JPY | Barclays | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 12581 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,390,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 199,040,126 JPY | Barclays | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3632)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695,625 USD | &nbsp;&nbsp;&nbsp;&nbsp; 99,784,345 JPY | BNY Capital Markets | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (600)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 877,530 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 984,201 USD | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13152)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 64,394,708 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 453,420 USD | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5147 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 42,368,895 MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,057,391 USD | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (122860)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,487,088 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470,119 EUR | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3240)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,093,702 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 639,936 USD | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13966)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 12,044,065 SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,095,764 USD | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (251344)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 863,986 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,336,924 AUD | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2017)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,885,300 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,683,902 EUR | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 28531 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820,035 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 718,307 EUR | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3648)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 767,451 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570,382 GBP | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1108 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257,843 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,030,000 MXN | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 995 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437,751 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,542,576 NOK | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 7270 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,723,463 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,270,414 SGD | Citi | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 38550 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,618,750 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 36,540,492 MXN | Citi | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (31003)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,548,152 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,365,000 EUR | Citi | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3731 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,060,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 297,770,477 JPY | Citi | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 14051 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,085,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 297,235,098 JPY | Citi | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (14678)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321,688 USD | Citi | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (15208)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 10,571,475 MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537,155 USD | Goldman Sachs | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6840)<br>|

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** |
| **Currency to**<br> **be sold**<br>| &nbsp;&nbsp;&nbsp; **Currency to**<br> **be purchased**<br>| **Counterparty** | **Settlement**<br> **date**<br>| &nbsp;&nbsp;&nbsp; **Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized**<br> **depreciation ($)**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,466,829 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 438,767 USD | Goldman Sachs | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1167 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,599,564 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,226,383 EUR | Goldman Sachs | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 67366 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513,403 USD | &nbsp;&nbsp;&nbsp;&nbsp; 10,571,475 MXN | Goldman Sachs | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 30593 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729,584 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,573,713 NOK | Goldman Sachs | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 12387 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,109,322 MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 654,688 CAD | Goldman Sachs | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 9078 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 100,662,549 JPY | Goldman Sachs | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6142 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255,124 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290,833 USD | Goldman Sachs | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 428 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,689,572 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,222,254 USD | Goldman Sachs | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (254117)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139,950 USD | Goldman Sachs | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5590)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435,597 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389,176 EUR | Goldman Sachs | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 7397 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,461,485 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,282,930 EUR | Goldman Sachs | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1141)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365,576 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226,974 USD | HSBC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8728)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 748,276 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,829,060 NOK | HSBC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 14503 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 29,353,799 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206,755 USD | HSBC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2414 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,661,724 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,521,860 USD | HSBC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (69531)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,165,346 SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 880,737 USD | HSBC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (23661)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,243,280 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,964,729 EUR | HSBC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10277)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273,115 USD | &nbsp;&nbsp;&nbsp;&nbsp; 39,113,690 JPY | HSBC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (832)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 511,329 USD | &nbsp;&nbsp;&nbsp;&nbsp; 10,571,475 MXN | HSBC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 32666 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,154,794 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,802,070 SGD | HSBC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 19825 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,692,198 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,179,229 SGD | HSBC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (951)<br>|
| &nbsp;&nbsp; 198,345,381 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,373,056 USD | HSBC | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8473)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 15,655,678 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,353,750 EUR | HSBC | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5366 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695,625 USD | &nbsp;&nbsp;&nbsp;&nbsp; 99,471,147 JPY | HSBC | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2782)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 17,111,860 INR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | JPMorgan | 06/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 17,093,845 INR | JPMorgan | 06/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (247)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 568,775 BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | JPMorgan | 06/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 555 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 563,011 BRL | JPMorgan | 06/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1563)<br>|
| &nbsp;&nbsp; 191,994,000 CLP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | JPMorgan | 06/05/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2919)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 33,672,000 INR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400,000 USD | JPMorgan | 06/05/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6557 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 188,833,208 CLP | JPMorgan | 06/05/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (421)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399,999 USD | &nbsp;&nbsp;&nbsp;&nbsp; 33,942,992 INR | JPMorgan | 06/05/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3390)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 93,924,000 CLP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | JPMorgan | 06/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 731 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 424,513,000 COP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | JPMorgan | 06/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2134)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,516,160 INR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | JPMorgan | 06/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 497 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 24,059,920 TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800,000 USD | JPMorgan | 06/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3643)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 93,901,261 CLP | JPMorgan | 06/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (755)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 416,289,235 COP | JPMorgan | 06/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 156 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,424,748 INR | JPMorgan | 06/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1565)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 799,998 USD | &nbsp;&nbsp;&nbsp;&nbsp; 24,810,516 TWD | JPMorgan | 06/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 28716 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 51,091,800 INR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600,000 USD | JPMorgan | 06/09/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3126 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 836,340,669 KRW | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600,001 USD | JPMorgan | 06/09/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6271)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 599,999 USD | &nbsp;&nbsp;&nbsp;&nbsp; 50,699,475 INR | JPMorgan | 06/09/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7708)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 599,999 USD | &nbsp;&nbsp;&nbsp;&nbsp; 835,232,819 KRW | JPMorgan | 06/09/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5471 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 416,663,000 COP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | JPMorgan | 06/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (164)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 17,045,080 INR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | JPMorgan | 06/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 910 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 426,430,084 COP | JPMorgan | 06/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2512 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 17,040,825 INR | JPMorgan | 06/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (959)<br>|
| &nbsp;&nbsp; 426,388,000 INR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,000,000 USD | JPMorgan | 06/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 20400 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,122,848,550 KRW | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800,002 USD | JPMorgan | 06/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (14115)<br>|
| 2,659,846,328 KRW | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,900,000 USD | JPMorgan | 06/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (28511)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 17,084,437 INR | JPMorgan | 06/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (478)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,699,995 USD | &nbsp;&nbsp;&nbsp;&nbsp; 3,736,501,922 KRW | JPMorgan | 06/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 9140 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,377,536 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,037,788 USD | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (210568)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,424,794 GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,844,067 USD | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (75764)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 55,158,306 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379,531 USD | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4444)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,642,607 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 642,217 EUR | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (18812)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108,088 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170,000 AUD | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1517 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** |
| **Currency to**<br> **be sold**<br>| &nbsp;&nbsp;&nbsp; **Currency to**<br> **be purchased**<br>| **Counterparty** | **Settlement**<br> **date**<br>| &nbsp;&nbsp;&nbsp; **Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized**<br> **depreciation ($)**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,243 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,190 EUR | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45,506 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40,000 EUR | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (44)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86,936 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65,288 GBP | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1036 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478,279 USD | &nbsp;&nbsp;&nbsp;&nbsp; 70,171,966 JPY | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 10211 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,292,649 USD | &nbsp;&nbsp;&nbsp;&nbsp; 184,868,700 JPY | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5718)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354,604 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,706,000 NOK | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 8460 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71,003 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120,000 NZD | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 742 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 828,299 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,084,296 SGD | JPMorgan | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 13197 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 17,114,620 INR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | JPMorgan | 06/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 163 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299,999 USD | &nbsp;&nbsp;&nbsp;&nbsp; 25,733,103 INR | JPMorgan | 06/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 470 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 278,578,753 KRW | JPMorgan | 06/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2004 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 282,739,520 CLP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300,000 USD | JPMorgan | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1169 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,960,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,442,252 USD | JPMorgan | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (59912)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 15,612,038 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,353,750 EUR | JPMorgan | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 9642 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299,999 USD | &nbsp;&nbsp;&nbsp;&nbsp; 281,123,203 CLP | JPMorgan | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2877)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399,999 USD | &nbsp;&nbsp;&nbsp;&nbsp; 34,306,306 INR | JPMorgan | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 518 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 99,917,141 JPY | JPMorgan | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 950 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 2,898,459,779 KRW | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,100,005 USD | JPMorgan | 06/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2126)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299,999 USD | &nbsp;&nbsp;&nbsp;&nbsp; 25,795,716 INR | JPMorgan | 06/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1103 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 17,111,696 INR | JPMorgan | 06/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (290)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 94,022,094 CLP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | JPMorgan | 07/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 627 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 412,894,017 COP | JPMorgan | 07/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1016)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,400,000 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,798,910 CAD | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 20854 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,947,202 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,250,000 EUR | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 15308 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,657,922 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,750,000 GBP | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (988)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,000,000 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 372,620,400 JPY | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 20945 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 11,000,000 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 11,871,354 NZD | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 8660 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,700,000 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,739,219 USD | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2209)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,067,331 CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,250,000 EUR | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (250)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,200,000 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 125,773,284 JPY | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1754 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,600,000 CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,611,001 USD | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (17379)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,250,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,039,985 CHF | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 12075 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,200,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,686,117 GBP | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (22750)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,125,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 13,010,858 NOK | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5980)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850,182 PLN | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (723)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,875,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 31,328,898 SEK | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2982 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 875,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 972,822 CHF | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 8579 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 243,654,110 HUF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600,000 EUR | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (626)<br>|
| &nbsp;&nbsp; 348,839,400 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,000,000 CHF | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6945 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 147,121,794 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900,000 EUR | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2430)<br>|
| &nbsp;&nbsp; 243,336,125 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,250,000 GBP | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13971)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 17,103,400 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200,000 NZD | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 293 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 31,000,000 MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,593,864 USD | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3253 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 14,417,419 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,250,000 EUR | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 10474 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 36,500,000 NOK | &nbsp;&nbsp;&nbsp;&nbsp; 34,484,397 SEK | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 29800 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,600,000 NZD | &nbsp;&nbsp;&nbsp;&nbsp; 310,817,700 JPY | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 15361 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,100,000 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,850,371 USD | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4551)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 89,834,048 TRY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,200,000 USD | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1421 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,671,034 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,375,000 CHF | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 7700 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300,000 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,150,691 CNH | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (605)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,211,642 CZK | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 882 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,400,312 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,125,000 EUR | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 18550 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,376,445 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,250,000 GBP | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3208 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252,769 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187,500 GBP | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (97)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,900,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 683,120,680 HUF | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 16572 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,400,000 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,920,390 ILS | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1053 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,468,747 USD | &nbsp;&nbsp;&nbsp;&nbsp; 212,500,000 JPY | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 14473 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51,587 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,000,000 MXN | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (277)<br>|

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** |
| **Currency to**<br> **be sold**<br>| &nbsp;&nbsp;&nbsp; **Currency to**<br> **be purchased**<br>| **Counterparty** | **Settlement**<br> **date**<br>| &nbsp;&nbsp;&nbsp; **Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized**<br> **depreciation ($)**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,700,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 27,396,784 NOK | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (16106)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,300,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 12,422,391 PLN | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 15842 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,900,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 18,209,324 SEK | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3857 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,500,000 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,518,643 SGD | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 11996 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,000,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 36,009,404 ZAR | JPMorgan | 07/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3198)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,271,149 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,688,799 USD | Morgan Stanley | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (64982)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,464,483 CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,098,452 USD | Morgan Stanley | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (157160)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 748,276 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,778,807 NOK | Morgan Stanley | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 9580 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,264,153 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,569,306 USD | Morgan Stanley | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4005)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294,864 GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380,905 USD | Morgan Stanley | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (16407)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300,715 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29,565 USD | Morgan Stanley | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 105 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,010,703 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,678,721 EUR | Morgan Stanley | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 33783 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 896,763 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 787,295 EUR | Morgan Stanley | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1966)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532,926 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399,787 GBP | Morgan Stanley | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5765 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86,098 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145,000 NZD | Morgan Stanley | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 595 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 848,201 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,415,498 NZD | Morgan Stanley | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1902)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 291,402 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383,000 SGD | Morgan Stanley | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5835 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 545,597,441 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,837,350 USD | Morgan Stanley | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 37118 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 99,445,573 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 682,500 USD | Morgan Stanley | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10165)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,375,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 200,668,063 JPY | Morgan Stanley | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 22707 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 208,387,925 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,427,667 USD | Royal Bank of Canada | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (22990)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 18,176,552 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,703,860 USD | Royal Bank of Canada | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (76835)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 730,835 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,136,127 AUD | Royal Bank of Canada | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1671 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,781,084 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,450,038 CAD | Royal Bank of Canada | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5545 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 819,177 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 718,307 EUR | Royal Bank of Canada | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2789)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 463,116 USD | &nbsp;&nbsp;&nbsp;&nbsp; 66,883,855 JPY | Royal Bank of Canada | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2485 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 99,556,909 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 682,500 USD | Royal Bank of Canada | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10941)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,391,250 USD | &nbsp;&nbsp;&nbsp;&nbsp; 199,961,927 JPY | Royal Bank of Canada | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1538 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 10,571,475 MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 526,809 USD | Standard Chartered | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (17186)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,093,114 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510,854 EUR | Standard Chartered | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (16313)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 10,560,854 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,023,790 USD | Standard Chartered | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10821)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,134,955 SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 879,537 USD | Standard Chartered | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1274)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,188,000 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,638,608 CAD | Standard Chartered | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6914 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,310,721 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,918,354 EUR | Standard Chartered | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6120 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,140,703 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 856,686 GBP | Standard Chartered | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 13634 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,012,825 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,316,233 SGD | Standard Chartered | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 8671 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356,783 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468,000 SGD | Standard Chartered | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6421 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 198,696,377 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,391,250 USD | Standard Chartered | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 7276 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,104,084 MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 654,688 CAD | Standard Chartered | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 9347 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 15,630,533 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,353,750 EUR | Standard Chartered | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 7830 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,546,706 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,365,000 EUR | Standard Chartered | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5176 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 86,569,464 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594,134 USD | State Street | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8505)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,821,000 MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144,227 USD | State Street | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (939)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366,817 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207,967 USD | State Street | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11346)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,130,324 SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 879,537 USD | State Street | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2320 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,165,109 SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 880,736 USD | State Street | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (23477)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 688,202 USD | &nbsp;&nbsp;&nbsp;&nbsp; 13,459,079 MXN | State Street | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 4386 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417,437 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700,539 NZD | State Street | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1401 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,320,000 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 18,560,606 MXN | State Street | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8319)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 98,933,477 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695,625 USD | State Street | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6527 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 298,781,441 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,071,667 USD | State Street | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (9426)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 361,725 USD | &nbsp;&nbsp;&nbsp;&nbsp; 51,852,121 JPY | State Street | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (561)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174,000 CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121,155 USD | TD Securities (USA) LLC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5730)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335,383 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 463,739 CAD | TD Securities (USA) LLC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2787 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43,586 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38,500 EUR | TD Securities (USA) LLC | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 171 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,047,438 NOK | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 7368 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,372,494 GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,822,919 USD | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (26442)<br>|
| &nbsp;&nbsp; 129,674,946 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 920,580 USD | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 17870 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** |
| **Currency to**<br> **be sold**<br>| &nbsp;&nbsp;&nbsp; **Currency to**<br> **be purchased**<br>| **Counterparty** | **Settlement**<br> **date**<br>| &nbsp;&nbsp;&nbsp; **Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized**<br> **depreciation ($)**<br>|
| &nbsp;&nbsp; 110,108,463 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 757,792 USD | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8709)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 14,128,330 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,183,979 EUR | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (38459)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,193,328 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 511,895 USD | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3122 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,134,427 SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 879,537 USD | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (864)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468,571 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 775,582 AUD | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 31478 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 898,535 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 787,295 EUR | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3739)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 503,225 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389,543 GBP | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 21664 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,665,790 USD | &nbsp;&nbsp;&nbsp;&nbsp; 244,525,750 JPY | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 36435 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 790,566 USD | &nbsp;&nbsp;&nbsp;&nbsp; 112,496,039 JPY | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7444)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 311,626 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 556,540 NZD | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 21118 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,732,637 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,174,187 SGD | UBS | 06/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 59000 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,548,497 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,365,000 EUR | UBS | 06/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3385 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1271844 | &nbsp;&nbsp;&nbsp;&nbsp; (2284278)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| 3-Month Aluminum | 1 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 61001 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (790)<br>|
| 3-Month Aluminum | 1 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 61008 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2246)<br>|
| 3-Month Aluminum | 3 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 183042 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2744)<br>|
| 3-Month Aluminum | 1 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 61100 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (829)<br>|
| 3-Month Aluminum | 1 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 61100 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (666)<br>|
| 3-Month Copper | 1 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 238006 | &nbsp;&nbsp;&nbsp;&nbsp; 1877 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Copper | 2 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 475828 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (417)<br>|
| 3-Month Copper | 1 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 237853 | &nbsp;&nbsp;&nbsp;&nbsp; 575 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Copper | 2 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5531)<br>|
| 3-Month CORRA | 46 | 12/2025 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 11219975 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5238)<br>|
| 3-Month Euro Euribor | 17 | 09/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 4172013 | &nbsp;&nbsp;&nbsp;&nbsp; 5512 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Euro Euribor | 18 | 09/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 4417425 | &nbsp;&nbsp;&nbsp;&nbsp; 3376 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Euro Euribor | 116 | 09/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 28467850 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (19893)<br>|
| 3-Month Euro Euribor | 56 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 13759900 | &nbsp;&nbsp;&nbsp;&nbsp; 49250 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Euro Euribor | 130 | 06/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 31937750 | &nbsp;&nbsp;&nbsp;&nbsp; 25150 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Euro Euribor | 68 | 06/2027 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 16659150 | &nbsp;&nbsp;&nbsp;&nbsp; 31005 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Euro Euribor | 23 | 06/2028 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 5619763 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>|
| 3-Month Lead | 2 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 97768 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (964)<br>|
| 3-Month Lead | 3 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 146820 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1354)<br>|
| 3-Month Lead | 1 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 48950 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (366)<br>|
| 3-Month Nickel | 1 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 91232 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2642)<br>|
| 3-Month SONIA | 33 | 12/2025 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 7918763 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (37898)<br>|
| 3-Month Zinc | 1 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 65484 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2245)<br>|
| 90-Day AUD Bank Bill | 56 | 09/2025 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 55538498 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (18094)<br>|
| 90-Day AUD Bank Bill | 20 | 06/2026 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 19849254 | &nbsp;&nbsp;&nbsp;&nbsp; 6683 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Australian 10-Year Bond | 2 | 06/2025 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 228273 | &nbsp;&nbsp;&nbsp;&nbsp; 335 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Australian 3-Year Bond | 182 | 06/2025 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 19571113 | &nbsp;&nbsp;&nbsp;&nbsp; 45079 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Australian 3-Year Bond | 58 | 06/2025 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 6236948 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4387)<br>|
| Brazilian Real | 19 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 330505 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (443)<br>|
| British Pound | 94 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 7913625 | &nbsp;&nbsp;&nbsp;&nbsp; 184113 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| CAC40 Index | 3 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 232380 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2681)<br>|
| CAC40 Index | 2 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 154920 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3017)<br>|
| Canadian Dollar | 2 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 145910 | &nbsp;&nbsp;&nbsp;&nbsp; 1417 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Canadian Dollar | 5 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 364775 | &nbsp;&nbsp;&nbsp;&nbsp; 1211 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Canadian Government 10-Year Bond | 40 | 09/2025 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 4892400 | &nbsp;&nbsp;&nbsp;&nbsp; 36520 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Canadian Government 10-Year Bond | 6 | 09/2025 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 733860 | &nbsp;&nbsp;&nbsp;&nbsp; 6492 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Canadian Government 5-Year Bond | 1 | 09/2025 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 114190 | &nbsp;&nbsp;&nbsp;&nbsp; 433 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Canola | 33 | 07/2025 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 469326 | &nbsp;&nbsp;&nbsp;&nbsp; 10240 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Canola | 11 | 11/2025 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 151492 | &nbsp;&nbsp;&nbsp;&nbsp; 4743 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Class III Milk | 5 | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 195400 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1351)<br>|

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** |
| **Description** | **Number of**<br> **contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br> **date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading**<br> **currency**<br>| &nbsp;&nbsp;&nbsp; **Notional**<br> **amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **depreciation ($)**<br>|
| Cocoa | 1 | 07/2025 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 65410 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12365)<br>|
| Cocoa | 2 | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 184400 | &nbsp;&nbsp;&nbsp;&nbsp; 7073 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cocoa | 3 | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 276600 | &nbsp;&nbsp;&nbsp;&nbsp; 1903 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cocoa | 1 | 09/2025 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 64530 | &nbsp;&nbsp;&nbsp;&nbsp; 1741 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cocoa | 2 | 12/2025 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 120500 | &nbsp;&nbsp;&nbsp;&nbsp; 9118 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Coffee | 2 | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 254850 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (9464)<br>|
| Copper | 1 | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 116938 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6222)<br>|
| Copper | 1 | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 118238 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4614)<br>|
| DAX Index | 1 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 601125 | &nbsp;&nbsp;&nbsp;&nbsp; 13617 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| DAX Index | 2 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1202250 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3352)<br>|
| DAX Index Mini | 2 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 240450 | &nbsp;&nbsp;&nbsp;&nbsp; 7976 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro FX | 20 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2842500 | &nbsp;&nbsp;&nbsp;&nbsp; 10077 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro FX | 33 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 4690125 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6383)<br>|
| Euro FX Micro E-mini | 3 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 42638 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (15)<br>|
| Euro STOXX 50 Index | 1 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 45370 | &nbsp;&nbsp;&nbsp;&nbsp; 866 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro STOXX 50 Index | 3 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 161040 | &nbsp;&nbsp;&nbsp;&nbsp; 273 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro STOXX 50 Index | 11 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 590480 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2542)<br>|
| Euro STOXX 50 Index | 16 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 858880 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5406)<br>|
| Euro STOXX Banks Index | 53 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 534240 | &nbsp;&nbsp;&nbsp;&nbsp; 355 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro/Japanese Yen | 1 | 06/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 20416250 | &nbsp;&nbsp;&nbsp;&nbsp; 943 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-Bobl | 22 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2621080 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7841)<br>|
| Euro-Bobl | 2 | 09/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 236260 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| Euro-BTP | 69 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 8359350 | &nbsp;&nbsp;&nbsp;&nbsp; 79344 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-BTP | 22 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2665300 | &nbsp;&nbsp;&nbsp;&nbsp; 19602 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-Bund | 13 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1705730 | &nbsp;&nbsp;&nbsp;&nbsp; 6551 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-Bund | 1 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 131210 | &nbsp;&nbsp;&nbsp;&nbsp; 1413 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-OAT | 3 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 377250 | &nbsp;&nbsp;&nbsp;&nbsp; 1395 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-OAT | 4 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 503000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (144)<br>|
| Euro-Schatz | 174 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 18678030 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2123)<br>|
| Euro-Schatz | 126 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 13525470 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (16332)<br>|
| Feeder Cattle | 18 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2689425 | &nbsp;&nbsp;&nbsp;&nbsp; 59309 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Financial Select Sector Index E-mini | 1 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 156900 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (139)<br>|
| FTSE 100 Index | 11 | 06/2025 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 965965 | &nbsp;&nbsp;&nbsp;&nbsp; 24777 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE 100 Index | 11 | 06/2025 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 965965 | &nbsp;&nbsp;&nbsp;&nbsp; 8699 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE China A50 Index | 37 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 493062 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1104)<br>|
| FTSE China A50 Index | 24 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 319824 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7280)<br>|
| FTSE/JSE Top 40 Index | 27 | 06/2025 | ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 23427900 | &nbsp;&nbsp;&nbsp;&nbsp; 34024 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE/JSE Top 40 Index | 7 | 06/2025 | ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 6073900 | &nbsp;&nbsp;&nbsp;&nbsp; 9101 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE/JSE Top 40 Index | 1 | 06/2025 | ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 867700 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (144)<br>|
| FTSE/MIB Index | 5 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1003400 | &nbsp;&nbsp;&nbsp;&nbsp; 43055 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE/MIB Index | 1 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 200680 | &nbsp;&nbsp;&nbsp;&nbsp; 19864 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE/MIB Index Mini | 12 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 481632 | &nbsp;&nbsp;&nbsp;&nbsp; 6966 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gold | 4 | 02/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 61248000 | &nbsp;&nbsp;&nbsp;&nbsp; 3109 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gold | 9 | 04/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 138150000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7815)<br>|
| Gold 100 oz. | 7 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2320780 | &nbsp;&nbsp;&nbsp;&nbsp; 28096 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gold 100 oz. | 2 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 663080 | &nbsp;&nbsp;&nbsp;&nbsp; 157 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gold 100 oz. | 1 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 331540 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (733)<br>|
| Gold 100 oz. | 5 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1684800 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (25519)<br>|
| Gold E-micro | 3 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 99462 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2122)<br>|
| IBEX 35 Index | 9 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1273662 | &nbsp;&nbsp;&nbsp;&nbsp; 35423 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| IBEX 35 Index | 3 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 424554 | &nbsp;&nbsp;&nbsp;&nbsp; 10183 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| IBEX 35 Index Mini | 3 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 42455 | &nbsp;&nbsp;&nbsp;&nbsp; 659 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| IFSC Nifty 50 Index | 9 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 447066 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1514)<br>|
| IFSC Nifty 50 Index | 31 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1539894 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6447)<br>|
| Indian Rupee | 64 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1493376 | &nbsp;&nbsp;&nbsp;&nbsp; 1894 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Indian Rupee Standard | 1 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 58340 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (81)<br>|
| Japanese Yen | 4 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 348075 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (145)<br>|
| Japanese Yen | 21 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1827394 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (23723)<br>|

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** |
| **Description** | **Number of**<br> **contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br> **date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading**<br> **currency**<br>| &nbsp;&nbsp;&nbsp; **Notional**<br> **amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **depreciation ($)**<br>|
| JPX-Nikkei Index 400 | 2 | 06/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 5068000 | &nbsp;&nbsp;&nbsp;&nbsp; 454 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Korea 3-Year Bond | 506 | 06/2025 | KRW | &nbsp;&nbsp;&nbsp;&nbsp; 54400060000 | &nbsp;&nbsp;&nbsp;&nbsp; 87062 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| KOSPI 200 Index Mini | 2 | 06/2025 | KRW | &nbsp;&nbsp;&nbsp;&nbsp; 36010000 | &nbsp;&nbsp;&nbsp;&nbsp; 961 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Lean Hogs | 10 | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 419700 | &nbsp;&nbsp;&nbsp;&nbsp; 14188 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Lean Hogs | 9 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 378090 | &nbsp;&nbsp;&nbsp;&nbsp; 23630 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Lean Hogs | 2 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 84020 | &nbsp;&nbsp;&nbsp;&nbsp; 2699 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Lean Hogs | 8 | 10/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 284560 | &nbsp;&nbsp;&nbsp;&nbsp; 6322 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Live Cattle | 19 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1591060 | &nbsp;&nbsp;&nbsp;&nbsp; 81338 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Live Cattle | 20 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1674800 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13616)<br>|
| Live Cattle | 16 | 10/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1327360 | &nbsp;&nbsp;&nbsp;&nbsp; 62795 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Live Cattle | 11 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 915970 | &nbsp;&nbsp;&nbsp;&nbsp; 24046 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Live Cattle | 11 | 02/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 915530 | &nbsp;&nbsp;&nbsp;&nbsp; 7896 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Mexican Peso | 83 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2137250 | &nbsp;&nbsp;&nbsp;&nbsp; 14126 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| MSCI EAFE Index | 18 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2344050 | &nbsp;&nbsp;&nbsp;&nbsp; 67444 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| MSCI EAFE Index | 22 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2864950 | &nbsp;&nbsp;&nbsp;&nbsp; 41681 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| MSCI Emerging Markets Index | 13 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 747045 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (14120)<br>|
| MSCI Emerging Markets Index | 33 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1896345 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (33673)<br>|
| MSCI Singapore Index | 33 | 06/2025 | SGD | &nbsp;&nbsp;&nbsp;&nbsp; 1355145 | &nbsp;&nbsp;&nbsp;&nbsp; 4750 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| MSCI Singapore Index | 30 | 06/2025 | SGD | &nbsp;&nbsp;&nbsp;&nbsp; 1231950 | &nbsp;&nbsp;&nbsp;&nbsp; 3775 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NASDAQ 100 Index E-mini | 1 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 427535 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (941)<br>|
| NASDAQ 100 Index E-mini | 2 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 855070 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2163)<br>|
| Natural Gas | 1 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 34470 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5812)<br>|
| Natural Gas | 2 | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 70160 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2303)<br>|
| New Zealand Dollar | 7 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 418390 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1056)<br>|
| Nikkei 225 Index | 3 | 06/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 113880000 | &nbsp;&nbsp;&nbsp;&nbsp; 1621 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Nikkei 225 Index | 1 | 06/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 18977500 | &nbsp;&nbsp;&nbsp;&nbsp; 1043 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Nikkei 225 Index | 1 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 188625 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3727)<br>|
| Nikkei 225 Index Mini | 13 | 06/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 49348000 | &nbsp;&nbsp;&nbsp;&nbsp; 1367 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Norwegian Krone | 23 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 4509150 | &nbsp;&nbsp;&nbsp;&nbsp; 37040 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | 2 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 168454 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6396)<br>|
| Oat | 1 | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 18938 | &nbsp;&nbsp;&nbsp;&nbsp; 973 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Palladium | 1 | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 96860 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3892)<br>|
| Palladium | 1 | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 96860 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4157)<br>|
| Platinum | 9 | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 474705 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3766)<br>|
| Platinum | 4 | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 210980 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5473)<br>|
| Platinum | 1 | 02/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 2383500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| Platinum | 7 | 04/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 16607500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (125)<br>|
| Rapeseed | 13 | 07/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 308425 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7302)<br>|
| Rapeseed | 5 | 10/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 119938 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3409)<br>|
| RBOB Gasoline | 1 | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 83488 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2833)<br>|
| Rubber | 2 | 10/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 2964000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1499)<br>|
| S&P 500 Index E-mini | 2 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 591600 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (240)<br>|
| S&P 500 Index E-mini | 2 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 591600 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2038)<br>|
| S&P/TSX 60 Index | 9 | 06/2025 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 2822400 | &nbsp;&nbsp;&nbsp;&nbsp; 86588 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| S&P/TSX 60 Index | 10 | 06/2025 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 3136000 | &nbsp;&nbsp;&nbsp;&nbsp; 27935 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| SGX TSI Iron Ore China 62% | 6 | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 57384 | &nbsp;&nbsp;&nbsp;&nbsp; 151 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Short Term Euro-BTP | 293 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 31687950 | &nbsp;&nbsp;&nbsp;&nbsp; 98851 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Short Term Euro-BTP | 131 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 14167650 | &nbsp;&nbsp;&nbsp;&nbsp; 44200 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Silver | 2 | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 330290 | &nbsp;&nbsp;&nbsp;&nbsp; 1002 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Silver | 1 | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 166670 | &nbsp;&nbsp;&nbsp;&nbsp; 668 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| South African Rand | 66 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1835625 | &nbsp;&nbsp;&nbsp;&nbsp; 8219 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Meal | 4 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 123480 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (159)<br>|
| Soybean Oil | 18 | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 506412 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (24448)<br>|
| Soybean Oil | 14 | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 393876 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (28873)<br>|
| Soybean Oil | 35 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1000650 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (9756)<br>|
| Soybean Oil | 6 | 01/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 171900 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5839)<br>|
| SPI 200 Index | 9 | 06/2025 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 1902825 | &nbsp;&nbsp;&nbsp;&nbsp; 29746 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| SPI 200 Index | 8 | 06/2025 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 1691400 | &nbsp;&nbsp;&nbsp;&nbsp; 16124 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** |
| **Description** | **Number of**<br> **contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br> **date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading**<br> **currency**<br>| &nbsp;&nbsp;&nbsp; **Notional**<br> **amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **depreciation ($)**<br>|
| SPI 200 Index | 4 | 06/2025 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 845700 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (346)<br>|
| STOXX 600 Insurance Index | 3 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 72270 | &nbsp;&nbsp;&nbsp;&nbsp; 4945 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| STOXX 600 Utilities Index | 9 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 199755 | &nbsp;&nbsp;&nbsp;&nbsp; 12715 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| STOXX Europe 600 Bank Index | 9 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 124200 | &nbsp;&nbsp;&nbsp;&nbsp; 1278 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| STOXX Europe 600 Index | 35 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 960925 | &nbsp;&nbsp;&nbsp;&nbsp; 12255 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| STOXX Europe 600 Index | 5 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 137275 | &nbsp;&nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| STOXX Europe 600 Index | 4 | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 109820 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (378)<br>|
| Swedish Krona | 17 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 3551300 | &nbsp;&nbsp;&nbsp;&nbsp; 77310 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Swiss Franc | 14 | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2132025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (27794)<br>|
| Thai SET50 Index | 9 | 06/2025 | THB | &nbsp;&nbsp;&nbsp;&nbsp; 1330380 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1722)<br>|
| TOPIX Index | 2 | 06/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 55950000 | &nbsp;&nbsp;&nbsp;&nbsp; 4978 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| TOPIX Index Mini | 20 | 06/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 55950000 | &nbsp;&nbsp;&nbsp;&nbsp; 7688 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 2-Year Note | 95 | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 19706563 | &nbsp;&nbsp;&nbsp;&nbsp; 23126 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 5-Year Note | 117 | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 12657938 | &nbsp;&nbsp;&nbsp;&nbsp; 76844 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WIG 20 Index | 29 | 06/2025 | PLN | &nbsp;&nbsp;&nbsp;&nbsp; 1615300 | &nbsp;&nbsp;&nbsp;&nbsp; 2282 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Yen Denominated Nikkei 225 Index | 1 | 06/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 18852500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1835)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1883764 | &nbsp;&nbsp;&nbsp;&nbsp; (487086)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| 10-Year Mini Japanese Government Bond | (3) | 06/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; (41763000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2949 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1-Month SOFR | (14) | 10/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (5592864)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 563 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1-Month SOFR | (1) | 10/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (399490)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| 3-Month Aluminum | (7) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (427616)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3169 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Lead | (7) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (342515)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5559 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Nickel | (1) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (91040)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 156 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Nickel | (1) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (91202)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2694 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Nickel | (4) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (365573)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8773 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month SOFR | (65) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (15631688)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4170)<br>|
| 3-Month SOFR | (84) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (20249250)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7741)<br>|
| 3-Month Zinc | (1) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (65344)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (498)<br>|
| 3-Month Zinc | (1) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (65458)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1701 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Zinc | (1) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (65478)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2094 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Zinc | (6) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (393075)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11719 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Australian 10-Year Bond | (46) | 06/2025 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; (5250274)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (52016)<br>|
| Australian Dollar | (2) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (128870)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (63)<br>|
| Australian Dollar | (9) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (579915)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13140)<br>|
| Brazilian Real | (2) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (34790)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 318 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | (9) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (565020)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5291 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | (8) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (502240)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4922 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | (1) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (62780)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 498 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | (20) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1255600)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (20495)<br>|
| Brent Crude | (3) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (186150)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2687 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | (7) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (430990)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7773 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | (10) | 10/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (614100)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 49590 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Canadian Government 10-Year Bond | (10) | 09/2025 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; (1223100)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10936)<br>|
| Coffee | (1) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (128419)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 654 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Coffee C | (1) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (127425)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4854 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Copper | (3) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (350813)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5243)<br>|
| Corn | (18) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (399600)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (253)<br>|
| Corn | (1) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (21163)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 148 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Corn | (58) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1271650)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 34871 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Corn | (32) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (701600)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3839 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cotton | (17) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (553010)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15920 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cotton | (11) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (357830)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6911 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cotton | (7) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (237125)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4128 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** |
| **Description** | **Number of**<br> **contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration**<br> **date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading**<br> **currency**<br>| &nbsp;&nbsp;&nbsp; **Notional**<br> **amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **depreciation ($)**<br>|
| Crude Oil E-mini | (6) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (182370)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6459 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Crude Palm Oil | (7) | 07/2025 | MYR | &nbsp;&nbsp;&nbsp;&nbsp; (680925)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1907)<br>|
| Crude Palm Oil | (21) | 08/2025 | MYR | &nbsp;&nbsp;&nbsp;&nbsp; (2035950)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1711)<br>|
| Crude Palm Oil | (8) | 09/2025 | MYR | &nbsp;&nbsp;&nbsp;&nbsp; (774000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1272)<br>|
| Crude Palm Oil | (2) | 10/2025 | MYR | &nbsp;&nbsp;&nbsp;&nbsp; (193500)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (264)<br>|
| Energy Select Sector Index E-mini | (1) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (85400)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3371)<br>|
| Euro-Bobl | (8) | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (953120)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13711)<br>|
| Euro-Bobl | (32) | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (3812480)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (15728)<br>|
| Euro-BTP | (2) | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (242300)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3597)<br>|
| Euro-BTP | (16) | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (1938400)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (31427)<br>|
| Euro-Bund | (2) | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (262420)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 246 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-Bund | (6) | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (787260)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8657)<br>|
| Euro-Bund | (21) | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (2755410)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (33585)<br>|
| Euro-Buxl 30-Year | (5) | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (607900)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8706)<br>|
| Euro-Buxl 30-Year | (9) | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (1094220)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (33663)<br>|
| Euro-OAT | (35) | 06/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (4401250)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (79829)<br>|
| FCOJ-A | (3) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (128273)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 788 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE Taiwan Index | (2) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (140160)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2097 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE Taiwan Index | (1) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (70080)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1408 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | (14) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (827050)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 36096 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | (5) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (295375)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8920 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | (8) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (470600)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14542 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | (5) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (294500)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9070 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | (5) | 10/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (295375)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8795 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Hard Red Winter Wheat | (23) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (613238)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21459 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Hard Red Winter Wheat | (13) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (346613)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18327 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Hard Red Winter Wheat | (8) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (218800)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12994 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Health Care Select Sector Index E-mini | (1) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (133900)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2619 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Japanese 10-Year Government Bond | (7) | 06/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; (973630000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 84819 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| KLCI Index | (1) | 06/2025 | MYR | &nbsp;&nbsp;&nbsp;&nbsp; (74800)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 234 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Long Gilt | (21) | 09/2025 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; (1921080)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (22769)<br>|
| Long Gilt | (31) | 09/2025 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; (2835880)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (28310)<br>|
| Lumber | (1) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (16280)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Maize | (4) | 08/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (38750)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 577 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Materials Select Sector Index E-mini | (1) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (91560)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8821)<br>|
| Mexican Peso | (2) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (51500)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (608)<br>|
| Milling Wheat | (56) | 09/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (562100)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 32511 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Milling Wheat | (31) | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (328988)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15844 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Milling Wheat | (16) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (176000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4931 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Natural Gas | (4) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (137880)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4340 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Natural Gas | (1) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (35230)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Natural Gas | (5) | 07/2025 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; (125612)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12485 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Natural Gas | (2) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (72160)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4517 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Natural Gas E-mini | (2) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (17235)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 414 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| New Zealand Dollar | (1) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (59770)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1127)<br>|
| Nickel | (4) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (366638)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18452 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | (5) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (421134)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2994)<br>|
| NY Harbor ULSD Heat Oil | (4) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (336874)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12648 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | (5) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (422730)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14927 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | (6) | 11/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (507730)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17630 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| OMXS30 Index | (5) | 06/2025 | SEK | &nbsp;&nbsp;&nbsp;&nbsp; (1247000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1498 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Primary Aluminum | (12) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (734031)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 28752 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | (3) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (253903)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8118 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | (5) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (423171)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1662 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | (2) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (163825)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3067 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | (2) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (151141)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4961 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Robusta Coffee | (5) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (225500)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2754 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Robusta Coffee | (4) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (178520)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8105 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** |
| **Description** | **Number of**<br> **contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration**<br> **date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading**<br> **currency**<br>| &nbsp;&nbsp;&nbsp; **Notional**<br> **amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **depreciation ($)**<br>|
| Rough Rice | (2) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (53980)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2215)<br>|
| Russell 2000 Index E-mini | (2) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (206830)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1553)<br>|
| Russell 2000 Index E-mini | (3) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (310245)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (39561)<br>|
| Russell 2000 Index Micro E-Mini | (1) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (10342)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (967)<br>|
| SGX TSI Iron Ore China 62% | (16) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (153024)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4906 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean | (38) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1979325)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 22903 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean | (24) | 11/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1232100)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16646 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean | (8) | 11/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (410700)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1823 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean | (13) | 01/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (676488)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 821 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Meal | (9) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (266670)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4849 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Meal | (14) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (414820)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3753 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Meal | (17) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (503710)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (264)<br>|
| Soybean Meal | (23) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (681490)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3321)<br>|
| Sugar #11 | (23) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (439208)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13233 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Sugar #11 | (16) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (308762)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9037 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Sugar #11 | (34) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (656118)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4902)<br>|
| Sugar #11 | (9) | 02/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (178315)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4124 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Sugar #11 | (4) | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (77056)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 686 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Dollar Index | (30) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (2977770)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (179)<br>|
| U.S. Long Bond | (1) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (112781)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1931)<br>|
| U.S. Long Bond | (24) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (2706750)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (17328)<br>|
| U.S. Long Bond | (17) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1917281)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (29256)<br>|
| U.S. Treasury 10-Year Note | (4) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (443000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1228)<br>|
| U.S. Treasury 10-Year Note | (52) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (5759000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (34835)<br>|
| U.S. Treasury 2-Year Note | (94) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (19499125)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (17735)<br>|
| U.S. Treasury 5-Year Note | (53) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (5733938)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (14616)<br>|
| U.S. Treasury Ultra 10-Year Note | (25) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (2813672)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7900)<br>|
| U.S. Treasury Ultra 10-Year Note | (202) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (22734469)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (302581)<br>|
| U.S. Treasury Ultra Bond | (19) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (2205188)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (15545)<br>|
| U.S. Treasury Ultra Bond | (68) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (7892250)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (66856)<br>|
| Volatility Index | (2) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (40044)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (497)<br>|
| Wheat | (21) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (560700)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12278 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wheat | (4) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (106800)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2215 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wheat | (2) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (53400)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (330)<br>|
| Wheat | (25) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (667500)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10746)<br>|
| Wheat | (15) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (411188)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12517 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wheat | (8) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (228400)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7807 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| White Sugar #5 | (10) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (238050)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9049 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| White Sugar #5 | (3) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (70950)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3657 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wti Crude | (6) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (364740)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6774 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wti Crude | (19) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1155010)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (38318)<br>|
| Wti Crude | (3) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (179370)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6307 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wti Crude | (4) | 07/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (239160)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8713 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wti Crude | (1) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (59000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 649 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wti Crude | (5) | 08/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (295000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6651 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wti Crude | (3) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (175380)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7337 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wti Crude | (2) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (116920)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6077 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | (10) | 06/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (607900)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13663 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | (7) | 11/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (406840)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14638 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Zinc | (5) | 09/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (328055)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18490 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 828535 | &nbsp;&nbsp;&nbsp;&nbsp; (1029277)<br>|

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

**Notes to Consolidated Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents privately placed and other securities and instruments exempt from Securities
 and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only
 to qualified institutional buyers. At May 31, 2025, the total value of these securities amounted to $145,917,806, which represents 30.32% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable rate security. The interest rate shown was the current rate as of May 31,
 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Variable or floating rate security, the interest rate of which adjusts periodically
 based on changes in current interest rates and prepayments on the underlying pool
 of assets. The interest rate shown was the current rate as of May 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Zero coupon bond.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Represents interest only securities which have the right to receive the monthly interest
 payments on an underlying pool of mortgage loans.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Principal amounts are denominated in United States Dollars unless otherwise noted.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Represents a security purchased on a when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Non-income producing investment.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Valuation based on significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Perpetual security with no specified maturity date.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Represents a variable rate security with a step coupon where the rate adjusts according
 to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the
 current rate as of May 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(l) Payment-in-kind security. Interest can be paid by issuing additional par of the security
 or in cash.

&nbsp;&nbsp;&nbsp;&nbsp;(m) Principal and interest may not be guaranteed by a governmental entity.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Represents a security purchased on a forward commitment basis.

&nbsp;&nbsp;&nbsp;&nbsp;(o) Represents fair value as determined in good faith under procedures approved by the
 Board of Trustees. At May 31, 2025, the total value of these securities amounted to $487,972, which represents 0.10% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(p) Denotes a restricted security, which is subject to legal or contractual restrictions
 on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable
 price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between
 qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These
 securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund's Board of Trustees. At May 31, 2025, the total market value of these securities amounted to $487,972, which represents 0.10% of total net assets. Additional information on these securities is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Dates**<br>| **Shares** | **Cost ($)** | **Value ($)** |
| Abiomed, Inc., CVR | 12/21/2022 | &nbsp;&nbsp; 15541 | &nbsp;&nbsp; — | &nbsp;&nbsp; 24866 |
| Albireo Pharma, Inc., CVR | 01/09/2023-01/23/2023 | &nbsp;&nbsp; 37853 | &nbsp;&nbsp; 80907 | &nbsp;&nbsp; 100799 |
| Cincor Pharma, Inc. | 01/09/2023-02/23/2023 | &nbsp;&nbsp; 44405 | &nbsp;&nbsp; 135473 | &nbsp;&nbsp; 168690 |
| Concert Pharmaceuticals, Inc., CVR | 01/19/2023-03/02/2023 | &nbsp;&nbsp; 173147 | &nbsp;&nbsp; 63478 | &nbsp;&nbsp; 79284 |
| Resolute Forest Products, Inc. | 07/06/2022-12/29/2022 | &nbsp;&nbsp; 76222 | &nbsp;&nbsp; 101179 | &nbsp;&nbsp; 114333 |
|  |  |  | &nbsp;&nbsp; 381037 | &nbsp;&nbsp; 487972 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(q) The stated interest rate represents the weighted average interest rate at May 31,
 2025 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated
 base lending rate and spread and the reset period. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on
 a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from
 excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities
 of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower
 prior to the disposition of a senior loan.

&nbsp;&nbsp;&nbsp;&nbsp;(r) At May 31, 2025, the Fund had unfunded senior loan commitments pursuant to the terms
 of the loan agreement. The Fund receives a stated coupon rate until the borrower draws on the loan commitment, at which time the rate will become the stated
 rate in the loan agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Borrower** | **Unfunded Commitment ($)** |
| &nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc. <br>Delayed Draw Tranche B 1st Lien Term Loan <br>04/01/2032 0.224%<br>| 7139 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

**Notes to Consolidated Portfolio of Investments (continued)**

&nbsp;&nbsp;&nbsp;&nbsp;(s) The rate shown is the seven-day current annualized yield at May 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(t) Under Section 2(a)(3) of the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company's outstanding voting securities, or a company which is under common ownership or control with the Fund.
 The value of the holdings and transactions in these affiliated companies during the period ended May 31, 2025 are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 4.495% | Columbia Short-Term Cash Fund, 4.495% | Columbia Short-Term Cash Fund, 4.495% | Columbia Short-Term Cash Fund, 4.495% | Columbia Short-Term Cash Fund, 4.495% | Columbia Short-Term Cash Fund, 4.495% | Columbia Short-Term Cash Fund, 4.495% | Columbia Short-Term Cash Fund, 4.495% | Columbia Short-Term Cash Fund, 4.495% |
|  | 151518200 | &nbsp;&nbsp; 185036556 | &nbsp;&nbsp; (200441498)<br>| &nbsp;&nbsp; (13407)<br>| &nbsp;&nbsp; 136099851 | &nbsp;&nbsp; (2657)<br>| &nbsp;&nbsp; 4830418 | &nbsp;&nbsp; 136140694 |

---

**Abbreviation Legend** 

---

| | |
|:---|:---|
| BNY | Bank of New York |
| CMO | Collateralized Mortgage Obligation |
| CVR | Contingent Value Rights |
| FGIC | Financial Guaranty Insurance Corporation |
| FHLMC | Federal Home Loan Mortgage Corporation |
| MTA | Monthly Treasury Average |
| SOFR | Secured Overnight Financing Rate |
| STRIPS | Separate Trading of Registered Interest and Principal Securities |
| TBA | To Be Announced |

---

**Currency Legend** 

---

| | |
|:---|:---|
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| CAD | Canada Dollar |
| CHF | Swiss Franc |
| CLP | Chilean Peso |
| CNH | Yuan Offshore Renminbi |
| COP | Colombian Peso |
| CZK | Czech Koruna |
| EUR | Euro |
| GBP | British Pound |
| HUF | Hungarian Forint |
| IDR | Indonesian Rupiah |
| ILS | Israeli Shekel |
| INR | Indian Rupee |
| JPY | Japanese Yen |
| KRW | South Korean Won |
| MXN | Mexican Peso |
| MYR | Malaysian Ringgit |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| PHP | Philippine Peso |
| PLN | Polish Zloty |
| SEK | Swedish Krona |
| SGD | Singapore Dollar |
| THB | Thai Baht |
| TRY | Turkish Lira |

---

Multi-Manager Alternative Strategies Fund \| 2025

------

Consolidated Portfolio of Investments (continued)

Multi-Manager Alternative Strategies Fund, May 31, 2025 (Unaudited)

**Currency Legend (continued)**

TWD New Taiwan Dollar <br> USD US Dollar <br> ZAR South African Rand

Investments are valued using policies described in the Notes to Consolidated Financial Statements in the most recent shareholder report.

Multi-Manager Alternative Strategies Fund \| 2025

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.

3QT100_08_R01_(07/25)

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Columbia Funds Series Trust I

- **b. Investment Company Act file number:** 811-04367

- **c. CIK number of Registrant:** 0000773757

- **d. LEI of Registrant:** 549300W5GIE6ZOZOTD82

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

  - **Street Address 1:** 290 Congress Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 800-345-6611

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

- **a. Name of Series:** Multi-Manager Alternative Strategies Fund

- **b. EDGAR series identifier (if any):** S000036207

- **c. LEI of Series:** 8Z4K1FUQRPCJYKZNOK04

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $510454019.87

**Total Liabilities:** $29282286.38

**Net Assets:** $481171733.49

**Amount of Assets Invested in Other Investment Companies:** $13306576.80

**Delayed Delivery Securities:** $22028301.88

**Stand-by Commitments:** $1814826.52

**Cash Not Reported:** $479690.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2712.286300000000 | **1-Year:** 1797.231500000000 | **5-Year:** 17672.157100000000 | **10-Year:** 21573.340600000000 | **30-Year:** 36770.730000000000

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

- **3-Month:** 23359.699300000000 | **1-Year:** -635.062300000000 | **5-Year:** 14579.701900000000 | **10-Year:** 30323.651400000000 | **30-Year:** 24761.190200000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000179757 | -0.77%               | -1.55%               | 0.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-266448.31              | $-647151.34                                |
| Month 2  | $-288912.89              | $809148.00                                 |
| Month 3  | $54668.03                | $496052.33                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  2298000000 | PA      | $153183.15    | 0.03%             | 2029-03-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND LOCAL GOVERNMENT FUNDING AGENCY LTD                  | NEW ZEALAND LOCAL GOVERNMENT FUNDI       | CUSIP: 000000000<br>LEI: 254900ZJG39H1CAH6K02 | Long             | DBT              | NUSS              | NZ        |      352000 | PA      | $192472.27    | 0.04%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BNG BANK NV                                                      | BANK NEDERLANDSE GEMEENTEN NV            | CUSIP: 000000000<br>LEI: 529900GGYMNGRQTDOO93 | Long             | DBT              | NUSS              | NL        |      630000 | PA      | $400688.16    | 0.08%             | 2028-07-17      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ALLERGAN FUNDING SCS                                             | ALLERGAN FUNDING SCS                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      100000 | PA      | $110225.00    | 0.02%             | 2028-11-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| INTL BANK FOR RECONSTRUCT                                        | INTERNATIONAL BANK FOR RECONSTRUCT       | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |      675000 | PA      | $662158.82    | 0.14%             | 2034-08-08      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   585000000 | PA      | $35909.58     | 0.01%             | 2025-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TREASURY CORPORATION OF VICTORIA                                 | TREASURY CORPORATION OF VICTORIA         | CUSIP: 000000000<br>LEI: 549300ZJM7BQW1P9UV75 | Long             | DBT              | NUSS              | AU        |      215000 | PA      | $110373.90    | 0.02%             | 2034-11-20      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| INDIA (REPUBLIC OF)                                              | INDIA (REPUBLIC OF)                      | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    11000000 | PA      | $131415.38    | 0.03%             | 2029-10-07      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | 10YR MINI JGB JUN 25                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | SG        |          -3 | NC      | $2949.37      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | STOXX 600 BANK JUN 25                    | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | DE        |           8 | NC      | $1315.67      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW SOUTH WALES TREASURY CORPORATION                             | NEW SOUTH WALES TREASURY CORPORATI       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AU        |      415000 | PA      | $176564.97    | 0.04%             | 2041-05-07      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL HOLDINGS                                  | MONDELEZ INTERNATIONAL HOLDINGS NE       | CUSIP: 000000000<br>LEI: 549300CW356R8I7N8D33 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $98746.00     | 0.02%             | 2031-10-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| E.ON SE                                                          | E.ON SE                                  | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | DBT              | CORP              | DE        |      170000 | PA      | $167033.30    | 0.03%             | 2031-11-07      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                        | PHILIPPINES (REPUBLIC OF THE)            | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |      535000 | PA      | $586204.45    | 0.12%             | 2027-05-17      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| BNY Capital Markets                                              | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: VJW2DOOHGDT6PR0ZRO63 | N/A              | DFE              | CORP              | JP        |    99784345 | OU      | $-600.29      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  3470000000 | PA      | $222740.62    | 0.05%             | 2035-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WORLDLINE SA                                                     | WORLDLINE SA                             | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |      196216 | PA      | $216305.53    | 0.04%             | 2026-07-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 11637000000 | PA      | $713110.10    | 0.15%             | 2031-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STH AUSTRALIAN GOVT FIN AUTH                                     | SOUTH AUSTRALIAN GOVERNMENT FINANC       | CUSIP: 000000000<br>LEI: 254900TDPILDN6AUAD69 | Long             | DBT              | NUSS              | AU        |      555000 | PA      | $277986.12    | 0.06%             | 2034-05-24      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| TREASURY CORPORATION OF VICTORIA                                 | TREASURY CORPORATION OF VICTORIA         | CUSIP: 000000000<br>LEI: 549300ZJM7BQW1P9UV75 | Long             | DBT              | NUSS              | AU        |      430000 | PA      | $261805.93    | 0.05%             | 2040-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND (GOVERNMENT OF)                                      | NEW ZEALAND (GOVT OF)                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | NZ        |     1020000 | PA      | $391669.04    | 0.08%             | 2041-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PARAGUAY REPUBLIC OF (GOVERNMENT)                                | PARAGUAY (REPUBLIC OF)                   | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |      200000 | PA      | $196128.70    | 0.04%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                              | AMERICAN TOWER CORPORATION               | CUSIP: 000000000<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |      185000 | PA      | $224941.57    | 0.05%             | 2031-05-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JOHNSON CONTROLS INTERNATIONAL PLC                               | JOHNSON CONTROLS INTERNATIONAL PLC       | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | DBT              | CORP              | IE        |      100000 | PA      | $108497.73    | 0.02%             | 2027-09-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| INDIA (REPUBLIC OF)                                              | INDIA (REPUBLIC OF)                      | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    30950000 | PA      | $361519.29    | 0.08%             | 2025-06-15      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                        | PHILIPPINES (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    16650000 | PA      | $305448.03    | 0.06%             | 2029-05-19      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AIRBUS SE                                                        | AIRBUS SE                                | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $108138.74    | 0.02%             | 2030-06-09      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND LOCAL GOVERNMENT FUNDING AGENCY LTD                  | NZ LOCAL GOVERNMENT FUNDING AGY          | CUSIP: 000000000<br>LEI: 254900ZJG39H1CAH6K02 | Long             | DBT              | NUSS              | NZ        |      670000 | PA      | $354207.21    | 0.07%             | 2031-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CELLNEX FINANCE COMPANY SA                                       | CELLNEX FINANCE COMPANY SA               | CUSIP: 000000000<br>LEI: 549300OUROMFTRFA7T23 | Long             | DBT              | CORP              | ES        |      300000 | PA      | $307468.87    | 0.06%             | 2032-09-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND (GOVERNMENT OF)                                      | NEW ZEALAND (GOVERNMENT OF)              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | NZ        |      585000 | PA      | $301726.94    | 0.06%             | 2032-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AIRSERVICES AUSTRALIA                                            | AIRSERVICES AUSTRALIA                    | CUSIP: 000000000<br>LEI: 984500E3D9SF5M749X15 | Long             | DBT              | NUSS              | AU        |      450000 | PA      | $262412.21    | 0.05%             | 2030-05-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                                   | UK CONV GILT                             | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |      300000 | PA      | $373791.96    | 0.08%             | 2033-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| QUEENSLAND TREASURY CORPORATION                                  | QUEENSLAND TREASURY CORPORATION          | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |      405000 | PA      | $167147.22    | 0.03%             | 2041-11-20      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL SWITCH FINANCE BV                                         | GLOBAL SWITCH FINANCE BV                 | CUSIP: 000000000<br>LEI: 635400GVJAKOJNEUMF33 | Long             | DBT              | CORP              | NL        |      150000 | PA      | $160426.56    | 0.03%             | 2030-10-07      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| VONOVIA SE                                                       | VONOVIA SE                               | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | DBT              | CORP              | DE        |      200000 | PA      | $186167.28    | 0.04%             | 2032-09-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC               | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      205000 | PA      | $239541.59    | 0.05%             | 2032-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                        | PHILIPPINES (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    21225000 | PA      | $384419.76    | 0.08%             | 2028-08-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| E.ON SE                                                          | E.ON SE                                  | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $114561.35    | 0.02%             | 2033-04-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TREASURY CORPORATION OF VICTORIA                                 | TREASURY CORPORATION OF VICTORIA         | CUSIP: 000000000<br>LEI: 549300ZJM7BQW1P9UV75 | Long             | DBT              | NUSS              | AU        |      980000 | PA      | $611037.69    | 0.13%             | 2036-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                            | ONTARIO (PROVINCE OF)                    | CUSIP: 000000000<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |      185000 | PA      | $210912.07    | 0.04%             | 2034-01-31      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| INTL BANK FOR RECONSTRUCT                                        | INTL BANK RECON & DEVELOPMENT            | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |     1410000 | PA      | $134726.10    | 0.03%             | 2026-03-16      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL DEVELOPMENT ASSOCIATION                            | INTL DEVELOPMENT ASSOCIATION             | CUSIP: 000000000<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | CORP              | US        |      900000 | PA      | $84642.51     | 0.02%             | 2027-02-17      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |      100000 | PA      | $92823.04     | 0.02%             | 2033-03-12      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| GERMANY (FEDERAL REPUBLIC OF)                                    | GERMANY (FEDERAL REPUBLIC OF)            | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |      260000 | PA      | $262029.93    | 0.05%             | 2031-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NORWAY (KINGDOM OF)                                              | NORWAY KINGDOM OF (GOVERNMENT)           | CUSIP: 000000000<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |      970000 | PA      | $88841.84     | 0.02%             | 2033-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INDIA (REPUBLIC OF)                                              | INDIA (REPUBLIC OF)                      | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |     7990000 | PA      | $93841.08     | 0.02%             | 2031-07-12      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| HUNGARY (GOVERNMENT)                                             | HUNGARY (REPUBLIC OF)                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      200000 | PA      | $164270.03    | 0.03%             | 2031-09-22      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | SOYBEAN OIL JAN 26                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |           6 | NC      | $-5839.38     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | SOYBEAN OIL JUL 25                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          18 | NC      | $-24448.14    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | SOYBEAN OIL JUL 25                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |          16 | NC      | $-32251.46    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | SOYBEAN OIL DEC 25                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          35 | NC      | $-9756.05     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW ZEALAND (GOVERNMENT OF)                                      | NEW ZEALAND (GOVERNMENT OF)              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | NZ        |     1565000 | PA      | $919095.52    | 0.19%             | 2034-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  1504000000 | PA      | $90634.02     | 0.02%             | 2027-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC               | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      185000 | PA      | $221239.10    | 0.05%             | 2031-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KOMMUNALBANKEN AS                                                | KOMMUNALBANKEN AS                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | NO        |      152000 | PA      | $97982.90     | 0.02%             | 2025-07-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUEZ SA (FR)                                                     | SUEZ SA (FR)                             | CUSIP: 000000000<br>LEI: 5493007LKZ37MXEN5D79 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $106102.14    | 0.02%             | 2034-05-24      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GALDERMA FINANCE EUROPE BV                                       | GALDERMA FINANCE EUROPE BV               | CUSIP: 000000000<br>LEI: 7245004RN4I1ORSTHY93 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $114758.98    | 0.02%             | 2030-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 11991000000 | PA      | $738287.10    | 0.15%             | 2028-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | GBP/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         100 | NC      | $203630.61    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                                   | UNITED KINGDOM OF GREAT BRITAIN AN       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |      345000 | PA      | $396961.43    | 0.08%             | 2054-07-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                                   | UNITED KINGDOM OF GREAT BRITAIN AN       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |       80000 | PA      | $106100.11    | 0.02%             | 2031-10-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND (GOVERNMENT OF)                                      | NEW ZEALAND (GOVT OF)                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | NZ        |      951000 | PA      | $565137.09    | 0.12%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AIRSERVICES AUSTRALIA                                            | AIRSERVICES AUSTRALIA                    | CUSIP: 000000000<br>LEI: 984500E3D9SF5M749X15 | Long             | DBT              | NUSS              | AU        |      480000 | PA      | $322497.20    | 0.07%             | 2028-11-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND (GOVERNMENT OF)                                      | NEW ZEALAND (GOVERNMENT OF)              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | NZ        |      248000 | PA      | $142963.77    | 0.03%             | 2036-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                                   | UNITED KINGDOM OF GREAT BRITAIN AN       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |      317000 | PA      | $427852.47    | 0.09%             | 2029-07-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT COMPANY LLC            | CUSIP: 000000000<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      215000 | PA      | $286461.62    | 0.06%             | 2028-10-09      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                        | PHILIPPINES (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    20280000 | PA      | $377744.27    | 0.08%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| QUEENSLAND TREASURY CORPORATION                                  | QUEENSLAND TREASURY CORPORATION          | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |      845000 | PA      | $523476.11    | 0.11%             | 2035-08-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW SOUTH WALES TREASURY CORPORATION                             | NEW SOUTH WALES TREASURY CORPORATI       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AU        |      635000 | PA      | $404893.40    | 0.08%             | 2035-09-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MCDONALDS CORP                                                   | MCDONALDS CORPORATION                    | CUSIP: 000000000<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |      100000 | PA      | $119246.11    | 0.02%             | 2035-03-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN INTERNATIONAL FIN NV                                  | VOLKSWAGEN INTERNATIONAL FIN PNC9        | CUSIP: 000000000<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $255548.25    | 0.05%             | N/A             | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| FDJ UNITED                                                       | LA FRANCAISE DES JEUX SA                 | CUSIP: 000000000<br>LEI: 969500R4CLSQFTYYI535 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $111715.54    | 0.02%             | 2033-11-21      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GERMANY (FEDERAL REPUBLIC OF)                                    | GERMANY (FEDERAL REPUBLIC OF)            | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |      330000 | PA      | $368234.67    | 0.08%             | 2034-02-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | BRL/USD FUTURE (CME) JUL 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          19 | NC      | $-443.48      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | BRL/USD FUTURE (CME) JUL 25              | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          -2 | NC      | $317.64       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW ZEALAND LOCAL GOVERNMENT FUNDING AGENCY LTD                  | NEW ZEALAND LOCAL GOVT FUNDING           | CUSIP: 000000000<br>LEI: 254900ZJG39H1CAH6K02 | Long             | DBT              | NUSS              | NZ        |      295000 | PA      | $194836.38    | 0.04%             | 2028-08-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                        | PHILIPPINES (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    47150000 | PA      | $863790.53    | 0.18%             | 2030-07-27      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  5976000000 | PA      | $364285.04    | 0.08%             | 2034-02-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WAMU_07-OA4                                                      | WAMU_07-OA4                              | CUSIP: 93364CAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      490036 | PA      | $424855.93    | 0.09%             | 2047-05-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL MORTGAGE PASS-                                 | WMALT_06-AR2                             | CUSIP: 93934FMN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      191024 | PA      | $169165.62    | 0.04%             | 2046-04-25      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                | WASTE PRO USA INC                        | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |      175000 | PA      | $179840.12    | 0.04%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WFHET_07-1                                                       | WFHET_07-1                               | CUSIP: 9497EVAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      900000 | PA      | $838391.40    | 0.17%             | 2037-03-25      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| WFMBS_07-7                                                       | WFMBS_07-7                               | CUSIP: 94985JBQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      655669 | PA      | $604844.15    | 0.13%             | 2037-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_24-SVEN               | WFCM_24-SVEN                             | CUSIP: 949937AE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      667000 | PA      | $649268.19    | 0.13%             | 2037-06-10      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WELLS FARGO & COMPANY                    | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      280000 | PA      | $253040.72    | 0.05%             | 2031-02-11      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WELLS FARGO & COMPANY                    | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      140000 | PA      | $133985.94    | 0.03%             | 2028-06-02      | Variable      | 2.39%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WELLS FARGO & COMPANY                    | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     1180000 | PA      | $1210487.82   | 0.25%             | 2029-07-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WELLS FARGO & COMPANY                    | CUSIP: 95000U3K7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |       50000 | PA      | $50285.83     | 0.01%             | 2035-01-23      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WELLS FARGO & COMPANY                    | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |       30000 | PA      | $29434.21     | 0.01%             | 2035-12-03      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_18-C47                | WFCM_18-C47                              | CUSIP: 95002DBR9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      560000 | PA      | $549337.71    | 0.11%             | 2061-09-15      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_19-JWDR               | WFCM_19-JDWR                             | CUSIP: 95002NAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      425000 | PA      | $417147.57    | 0.09%             | 2031-09-15      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| WESTERN ALLIANCE                                                 | WESTERN ALLIANCE BANCORP                 | CUSIP: 957638AD1<br>LEI: 5493003VJXZ5JXT9S762 | Long             | DBT              | CORP              | US        |      490000 | PA      | $453544.90    | 0.09%             | 2031-06-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING LP                                   | WESTERN MIDSTREAM OPERATING LP           | CUSIP: 958667AC1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |      285000 | PA      | $270941.25    | 0.06%             | 2030-02-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                          | WINDSTREAM ESCROW LLC                    | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |      145000 | PA      | $150957.84    | 0.03%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WINTRUST FINANCIAL CORPORATION                                   | Wintrust Financial Corp                  | CUSIP: 97650W702<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |       10275 | NS      | $262526.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| XEROX CORPORATION                                                | XEROX CORPORATION                        | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |      215000 | PA      | $220922.82    | 0.05%             | 2030-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC.                                                 | YUM! BRANDS INC                          | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |      725000 | PA      | $709257.00    | 0.15%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC.                                                 | YUM! BRANDS INC                          | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |      760000 | PA      | $692103.67    | 0.14%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC.                                                 | YUM! BRANDS INC                          | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |      300000 | PA      | $284435.56    | 0.06%             | 2032-01-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                          | FRONT RANGE BIDCO INC                    | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |      235000 | PA      | $221419.74    | 0.05%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ZAYO ISSUER LLC ZAYO_25-1                                        | ZAYO_25-1A                               | CUSIP: 98919WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      270000 | PA      | $270854.62    | 0.06%             | 2055-03-20      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ZIPLY FIBER ISSUER LLC ZIPLY_24-1A                               | ZIPLY_24-1A                              | CUSIP: 98979QAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      400000 | PA      | $414473.28    | 0.09%             | 2054-04-20      | Fixed         | 7.81%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | AUD/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          -1 | NC      | $8.30         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | AUD/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          -9 | NC      | $-13140.38    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | FTSE/JSE TOP 40 JUN 25                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | ZA        |          27 | NC      | $34023.69     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | FTSE/JSE TOP 40 JUN 25                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | ZA        |           7 | NC      | $9101.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | FTSE/JSE TOP 40 JUN 25                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | ZA        |           1 | NC      | $-143.75      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ANZ Securities                                                   | US DOLLARS                               | CUSIP: 000000000<br>LEI: 54930002PP1OBF1UXP39 | N/A              | DFE              | CORP              | US        |      302792 | OU      | $-10843.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ANZ Securities                                                   | US DOLLARS                               | CUSIP: 000000000<br>LEI: 54930002PP1OBF1UXP39 | N/A              | DFE              | CORP              | US        |      819774 | OU      | $-11353.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ANZ Securities                                                   | US DOLLARS                               | CUSIP: 000000000<br>LEI: 54930002PP1OBF1UXP39 | N/A              | DFE              | CORP              | US        |       86410 | OU      | $-1478.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                                            | JAPAN (GOVERNMENT OF) 20YR #83           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   207400000 | PA      | $1453941.00   | 0.30%             | 2025-12-20      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  4278000000 | PA      | $269837.02    | 0.06%             | 2026-09-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   773000000 | PA      | $47256.38     | 0.01%             | 2028-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                        | PHILIPPINES (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     9720000 | PA      | $196568.35    | 0.04%             | 2035-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  2025000000 | PA      | $123324.86    | 0.03%             | 2033-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                            | ONTARIO (PROVINCE OF)                    | CUSIP: 000000000<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |      500000 | PA      | $320458.30    | 0.07%             | 2045-06-02      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| SINGAPORE (REPUBLIC OF)                                          | SINGAPORE (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |      495000 | PA      | $411407.69    | 0.09%             | 2033-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |      321688 | OU      | $-15208.10    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |      453420 | OU      | $5147.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |     2057391 | OU      | $-122860.33   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN ALTERNATIVE LOAN TRUST JPALT_06-A1                     | JPALT_06-A1                              | CUSIP: 46627MCS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      200755 | PA      | $187137.01    | 0.04%             | 2036-03-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE ACQUISITION CORP JPMAC_07-HE1                 | JPMAC_07-HE1                             | CUSIP: 46630KAU0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1055392 | PA      | $1004421.16   | 0.21%             | 2047-03-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP JPMCC_22-NLP | JPMCC_22-NLP                             | CUSIP: 466317AU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      224544 | PA      | $175636.40    | 0.04%             | 2037-04-15      | Variable      | 9.34%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE ACQUISITION C                                 | JPMAC_07-CH5                             | CUSIP: 46631KAF2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      321544 | PA      | $311619.31    | 0.06%             | 2037-06-25      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| JPMBB_14-C23                                                     | JPMBB_14-C23                             | CUSIP: 46643ABG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      386440 | PA      | $5.06         | 0.00%             | 2047-09-15      | Variable      | 0.36%                 | No            |                  2 | On Loan: No      |
| JPMBB_14-C26                                                     | JPMBB_14-C26                             | CUSIP: 46643TBC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       42081 | PA      | $0.55         | 0.00%             | 2048-01-15      | Variable      | 0.37%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                      | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      285000 | PA      | $277506.34    | 0.06%             | 2027-04-22      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                      | CUSIP: 46647PCJ3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      615000 | PA      | $571900.11    | 0.12%             | 2029-06-01      | Variable      | 2.07%                 | No            |                  2 | On Loan: No      |
| ACRA TRUST ACRA_24-NQM1                                          | ACRA_24-NQM1                             | CUSIP: 00112EAD6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      640000 | PA      | $635444.99    | 0.13%             | 2064-10-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| AES CORP                                                         | AES CORPORATION (THE)                    | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |     1350000 | PA      | $1364924.59   | 0.28%             | 2055-01-15      | Variable      | 7.60%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_17-375H                        | GSMS_17-375H                             | CUSIP: 36254JAA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      460000 | PA      | $440657.83    | 0.09%             | 2037-09-10      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE_BACKED SECURITIES GSMBS_20-RPL1                      | GSMBS_20-RPL1                            | CUSIP: 36260AAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      800000 | PA      | $685717.36    | 0.14%             | 2059-07-25      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGEBACKED SECURITIES TRUST GSMBS_21-PJ4                  | GSMBS_21-PJ4                             | CUSIP: 36264PAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      585524 | PA      | $463753.71    | 0.10%             | 2051-09-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                                                      | GARTNER INC                              | CUSIP: 366651AE7<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |      300000 | PA      | $280327.24    | 0.06%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HCA-THE HEALTHCARE CO                                            | HCA INC                                  | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      680000 | PA      | $683235.80    | 0.14%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HCA-THE HEALTHCARE CO                                            | HCA INC                                  | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      100000 | PA      | $102240.81    | 0.02%             | 2028-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC HOLDINGS PLC                        | CUSIP: 404280CG2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      570000 | PA      | $570000.00    | 0.12%             | 2026-06-04      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC HOLDINGS PLC                        | CUSIP: 404280EV7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      555000 | PA      | $552281.60    | 0.11%             | N/A             | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC HOLDINGS PLC                        | CUSIP: 404280EZ8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      580000 | PA      | $582387.00    | 0.12%             | 2031-05-13      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| HASC_05-I1                                                       | HASC_05-I1                               | CUSIP: 40430HCN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      381247 | PA      | $352570.60    | 0.07%             | 2035-11-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| HACKENSACK MERIDIAN HEALTH                                       | HACKENSACK MERIDIAN HEALTH               | CUSIP: 404530AA5<br>LEI: 5493001CB3OCWTEJY668 | Long             | DBT              | CORP              | US        |      300000 | PA      | $238231.62    | 0.05%             | 2057-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HARBORVIEW MORTGAGE LOAN TRUST HVMLT_07-6                        | HVMLT_07-6                               | CUSIP: 41165BAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      414519 | PA      | $348424.70    | 0.07%             | 2037-08-19      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| MAGNETITE CLO LTD MAGNE_24-42                                    | MAGNE_24-42A                             | CUSIP: 55955YAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      450000 | PA      | $431138.25    | 0.09%             | 2038-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV LLC                                       | MAJORDRIVE HOLDINGS IV LLC               | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |       85000 | PA      | $64160.17     | 0.01%             | 2029-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MARB BONDCO PLC                                                  | MARB BONDCO PLC                          | CUSIP: 566007AC4<br>LEI: 254900PVA1EU6QM1JN57 | Long             | DBT              | CORP              | GB        |      400000 | PA      | $351094.45    | 0.07%             | 2031-01-29      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MARRIOTT VACATIONS WORLDWIDE CORP                                | MARRIOTT VACATIONS WORLDWIDE CORP        | CUSIP: 57164YAF4<br>LEI: 549300WA6BT5H4F7IO94 | Long             | DBT              | CORP              | US        |      335000 | PA      | $311215.00    | 0.06%             | 2027-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                         | MARS INC                                 | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |      415000 | PA      | $413782.22    | 0.09%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MABS_05-WF1                                                      | MABS_05-WF1                              | CUSIP: 57643LKB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      672400 | PA      | $668789.33    | 0.14%             | 2035-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                      | MATCH GROUP INC                          | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |      150000 | PA      | $138630.53    | 0.03%             | 2030-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                      | CONDOR MERGER SUB INC                    | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |       85000 | PA      | $78615.75     | 0.02%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC MNET_24-1                     | MNET_24-1A                               | CUSIP: 59170JAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      475000 | PA      | $489769.41    | 0.10%             | 2054-04-20      | Fixed         | 7.59%                 | No            |                  2 | On Loan: No      |
| MFA TRUST MFRA_23-INV2                                           | MFRA_23-INV2                             | CUSIP: 59319BAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      650000 | PA      | $648973.33    | 0.13%             | 2058-10-25      | Variable      | 7.96%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL AVIATION REVENUE                              | County of Miami-Dade FL Aviation Revenue | CUSIP: 59333P6L7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       85000 | PA      | $69234.40     | 0.01%             | 2035-10-01      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST MSC_18-MP                         | MSC_18-MP                                | CUSIP: 61691DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      212000 | PA      | $198719.09    | 0.04%             | 2040-07-11      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | MORGAN STANLEY                           | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |       45000 | PA      | $37878.15     | 0.01%             | 2032-02-13      | Variable      | 1.79%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I MSAC_05-WMC1                        | MSAC_05-WMC1                             | CUSIP: 61744CLW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      163128 | PA      | $163683.40    | 0.03%             | 2035-01-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | MORGAN STANLEY                           | CUSIP: 61744YAP3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      510000 | PA      | $499088.47    | 0.10%             | 2029-01-24      | Variable      | 3.77%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | MORGAN STANLEY                           | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |       55000 | PA      | $47343.75     | 0.01%             | 2032-10-20      | Variable      | 2.51%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | MORGAN STANLEY                           | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |       35000 | PA      | $30769.31     | 0.01%             | 2033-01-21      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | MORGAN STANLEY                           | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      250000 | PA      | $255782.12    | 0.05%             | 2029-07-20      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| MSM_05-5AR                                                       | MSM_05-5AR                               | CUSIP: 61748HLN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      500000 | PA      | $503567.40    | 0.10%             | 2035-09-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | MORGAN STANLEY                           | CUSIP: 61748UAF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      250000 | PA      | $252498.49    | 0.05%             | 2036-01-18      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL INC MSAC_07-HE2                           | MSAC_07-HE2                              | CUSIP: 61753EAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1112586 | PA      | $506422.22    | 0.11%             | 2037-01-25      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL INC MSAC_07-NC3                           | MSAC_07-NC3                              | CUSIP: 61755AAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      584378 | PA      | $446905.50    | 0.09%             | 2037-05-25      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BAML TRUST MSBAM_                                 | MSBAM_16-C31                             | CUSIP: 61766RBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1953844 | PA      | $21773.24     | 0.00%             | 2049-11-15      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                              | MOZART DEBT MERGER SUB INC               | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |       25000 | PA      | $24428.08     | 0.01%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                                   | NCR CORPORATION                          | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |      110000 | PA      | $107294.29    | 0.02%             | 2029-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                              | NCL CORPORATION LTD                      | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |      380000 | PA      | $380145.71    | 0.08%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY OPERATING LLC                                         | NGL ENERGY OP/NGL ENERGY FIN             | CUSIP: 62922LAD0<br>LEI: 5493008CQD36WWZJ3O79 | Long             | DBT              | CORP              | US        |       70000 | PA      | $66106.11     | 0.01%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NOMURA NLT_21-INV1                                               | NLT_21-INV1                              | CUSIP: 62923JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      810059 | PA      | $700025.16    | 0.15%             | 2056-05-25      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST NCMS_18-ALXA        | NCMS_18-ALXA                             | CUSIP: 63874GAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       60000 | PA      | $49590.61     | 0.01%             | 2043-01-15      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST NCMS_20-2PAC        | NCMS_20-2PAC                             | CUSIP: 63875DAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      788334 | PA      | $17201.36     | 0.00%             | 2038-12-15      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      400000 | OU      | $6557.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      100000 | OU      | $497.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      600000 | OU      | $3126.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      200000 | OU      | $910.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     5000000 | OU      | $20400.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      200000 | OU      | $163.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SWISS FRANC                              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | CH        |     2000000 | OU      | $6945.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |      900000 | OU      | $-2430.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | BRITISH POUND                            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | GB        |     1250000 | OU      | $-13970.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      379531 | OU      | $-4444.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      600001 | OU      | $-6271.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     1900000 | OU      | $-28510.94    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     2100005 | OU      | $-2126.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     1593864 | OU      | $3253.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |      642217 | OU      | $-18811.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |     1250000 | OU      | $10474.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SWEDISH KRONA                            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | NO        |   -36500000 | OU      | $29799.51     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | NZ        |    -3600000 | OU      | $15361.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | NZ        |    -3100000 | OU      | $-4551.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     2200000 | OU      | $1420.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ELO SA                                                           | ELO SACA                                 | CUSIP: 000000000<br>LEI: 969500ASEC557H5A4F22 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $105697.60    | 0.02%             | 2028-12-08      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AUSTRIA (REPUBLIC OF)                                            | AUSTRIA (REPUBLIC OF)                    | CUSIP: 000000000<br>LEI: 529900QWWUI4XRVR7I03 | Long             | DBT              | NUSS              | AT        |      175000 | PA      | $201848.52    | 0.04%             | 2033-02-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| AA BOND CO LTD                                                   | AA BOND CO LTD                           | CUSIP: 000000000<br>LEI: 2138002EPF6QVRZBMC58 | Long             | DBT              | CORP              | JE        |      100000 | PA      | $142506.97    | 0.03%             | 2028-01-31      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| COSTA RICA (REPUBLIC OF)                                         | COSTA RICA (REPUBLIC OF)                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | CR        |      200000 | PA      | $205297.22    | 0.04%             | 2034-04-03      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| NATIONAL GAS TRANSMISSION PLC                                    | NATIONAL GAS TRANSMISSION PLC            | CUSIP: 000000000<br>LEI: FPCHGTHKVH9ZWXS7S453 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $237672.95    | 0.05%             | 2030-04-05      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FINLAND (REPUBLIC OF)                                            | FINLAND (REPUBLIC OF)                    | CUSIP: 000000000<br>LEI: 743700M6Y2OQRVSBRD14 | Long             | DBT              | NUSS              | FI        |      445000 | PA      | $514698.89    | 0.11%             | 2033-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                               | REALTY INCOME CORPORATION                | CUSIP: 000000000<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |      155000 | PA      | $192102.40    | 0.04%             | 2034-07-06      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DAVIDE CAMPARI MILANO NV                                         | DAVIDE CAMPARI MILANO NV                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |      100000 | PA      | $108751.45    | 0.02%             | 2029-01-17      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA) INC                               | UNITED RENTALS NA TLB 1.75               | CUSIP: 000000000<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | LON              | CORP              | US        |      198000 | PA      | $199609.74    | 0.04%             | 2031-02-14      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC TLK 2.75                   | CUSIP: 000000000<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |       54450 | PA      | $54574.69     | 0.01%             | 2030-03-22      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC TLB 2.0                   | CUSIP: 000000000<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | LON              | CORP              | US        |      492513 | PA      | $492463.31    | 0.10%             | 2031-04-16      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| CHINA AOYUAN GROUP LTD                                           | CHINA AOYUAN GROUP LTD - SCRIP SHR       | CUSIP: 000000000<br>LEI: 549300YSOKQO5QD6MP25 | Long             | EC               | CORP              | KY        |       30741 | NS      | $431.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                    | CARNIVAL CORP                            | CUSIP: 000000000<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |      160000 | PA      | $195070.31    | 0.04%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM TLJ 2.50                       | CUSIP: 000000000<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |      148875 | PA      | $148825.87    | 0.03%             | 2031-02-28      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                              | MEDLINE BORROWER LP TLB 2.25             | CUSIP: 000000000<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |      761623 | PA      | $760739.64    | 0.16%             | 2028-10-23      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| 1011778 BC UNLIMITED LIABILITY CO (PRE-MERGER)                   | 1011778 BC UNLIMITED L CO TLB 1.75       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |      789038 | PA      | $785486.83    | 0.16%             | 2030-09-20      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP                                             | JETBLUE AIRWAYS TLB 5.5                  | CUSIP: 000000000<br>LEI: 54930070J9H97ZO93T57 | Long             | LON              | CORP              | US        |      432825 | PA      | $420381.28    | 0.09%             | 2029-08-27      | Variable      | 9.05%                 | No            |                  2 | On Loan: No      |
| DELTA 2 (LUX) SARL                                               | FORMULA 1 (DELTA 2 SARL) TLB2 2.0        | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |       89000 | PA      | $88955.50     | 0.02%             | 2031-09-30      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| DELTA 2 (LUX) SARL                                               | FORMULA 1 (DELTA 2 SARL) TLB1 2.0        | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |      179000 | PA      | $178910.50    | 0.04%             | 2031-09-30      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                                           | ALASKA AIR MILEAGE TLB 2.0               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |      248750 | PA      | $249060.94    | 0.05%             | 2031-10-15      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | US DOLLARS                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |      682500 | OU      | $-10165.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | US DOLLARS                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |       29565 | OU      | $104.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | XX        |     2678721 | OU      | $33783.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | XX        |      787295 | OU      | $-1966.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | BRITISH POUND                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | GB        |      399787 | OU      | $5764.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | JP        |   200668063 | OU      | $22706.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | NEW ZEALAND DOLLAR                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | NZ        |      145000 | OU      | $594.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | NEW ZEALAND DOLLAR                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | NZ        |     1415498 | OU      | $-1902.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | SINGAPORE DOLLAR                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | SG        |      383000 | OU      | $5835.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | NATURAL GAS JUL 25                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |           1 | NC      | $-5811.58     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | NATURAL GAS JUL 25                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          -2 | NC      | $3213.36      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | NATURAL GAS SEP 25                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |           2 | NC      | $-2303.40     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | NATURAL GAS OCT 25                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          -2 | NC      | $4516.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | YEN DENOM NIKKEI 225 (CME) JUN 25        | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |           1 | NC      | $-1835.49     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | NIKKEI 225 (SGX) JUN 25                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | SG        |           1 | NC      | $1043.16      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | NIKKEI 225 (OSE) JUN 25                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | JP        |           3 | NC      | $1620.93      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | NIKKEI 225 MINI JUN 25                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | JP        |           6 | NC      | $796.31       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | NOK/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          22 | NC      | $37542.01     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | NASDAQ 100 E-MINI JUN 25                 | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |           3 | NC      | $-3314.44     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | NASDAQ 100 E-MINI JUN 25                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |           1 | NC      | $-940.88      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | NZD/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |           7 | NC      | $-1055.74     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | NZD/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          -2 | NC      | $-2303.40     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | NIKKEI 225 (CME) JUN 25                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |           1 | NC      | $-3727.25     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | OAT FUTURE JUL 25                        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |           1 | NC      | $972.77       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | EURO-OAT JUN 25                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | DE        |           3 | NC      | $1394.68      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | EURO-OAT JUN 25                          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | DE        |         -32 | NC      | $-80395.84    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | ONE-MONTH SOFR FUTURE OCT 25             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |          -1 | NC      | $-1.46        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | THREE MONTH SONIA (ICE) SEP 25           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | GB        |          41 | NC      | $-46168.43    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | CHF/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          14 | NC      | $-27794.31    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | THREE-MONTH SOFR FUTURE MAR 26           | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |         -84 | NC      | $-7740.94     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | THREE-MONTH SOFR FUTURE SEP 25           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |          -5 | NC      | $204.09       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | THREE-MONTH SOFR FUTURE SEP 25           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         -56 | NC      | $-2986.45     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | SILVER JUL 25                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |           2 | NC      | $1002.05      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | INR/USD STANDARD (CME) JUN 25            | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-81.18       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | SILVER SEP 25                            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |           1 | NC      | $668.30       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | SOYBEAN MEAL (CBT) JUL 25                | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -9 | NC      | $4849.12      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | SOYBEAN MEAL (CBT) JUL 25                | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |         -25 | NC      | $-3485.75     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | SOYBEAN MEAL (CBT) JUL 25                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |         -14 | NC      | $3753.16      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | SOYBEAN MEAL (CBT) JUL 25                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |         -17 | NC      | $-264.04      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | SOYBEAN MEAL (CBT) DEC 25                | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |           4 | NC      | $-158.92      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street                                                     | MEXICAN PESO                             | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              | CORP              | MX        |    18560606 | OU      | $-8319.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street                                                     | US DOLLARS                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              | CORP              | US        |      594134 | OU      | $-8504.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street                                                     | US DOLLARS                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              | CORP              | US        |      695625 | OU      | $6526.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street                                                     | US DOLLARS                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              | CORP              | US        |     2071667 | OU      | $-9426.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street                                                     | US DOLLARS                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              | CORP              | US        |      144227 | OU      | $-938.56      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street                                                     | US DOLLARS                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              | CORP              | US        |      207967 | OU      | $-11345.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street                                                     | US DOLLARS                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              | CORP              | US        |      879537 | OU      | $2320.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street                                                     | US DOLLARS                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              | CORP              | US        |      880736 | OU      | $-23476.83    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street                                                     | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              | CORP              | JP        |    51852121 | OU      | $-561.08      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | MINI TPX IDX JUN 25                      | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | JP        |          20 | NC      | $7688.14      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | TOPIX INDEX JUN 25                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | JP        |           1 | NC      | $3383.48      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US 2YR NOTE SEP 25                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |          95 | NC      | $23126.13     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                                              | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | JP        |   112496039 | OU      | $-7444.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | NEW ZEALAND DOLLAR                       | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | NZ        |      556540 | OU      | $21117.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | SINGAPORE DOLLAR                         | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | SG        |     6174188 | OU      | $59000.44     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | GASOLINE RBOB AUG 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |           1 | NC      | $-2832.51     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | GASOLINE RBOB SEP 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -2 | NC      | $3066.78      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | GASOLINE RBOB OCT 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -2 | NC      | $4961.01      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY BOND                            | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      500000 | PA      | $399218.75    | 0.08%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY BOND                            | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       59000 | PA      | $57497.34     | 0.01%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY NOTE                            | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      222000 | PA      | $213232.73    | 0.04%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY NOTE                            | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      385000 | PA      | $355102.34    | 0.07%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY NOTE                            | CUSIP: 91282CET4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      125000 | PA      | $121928.71    | 0.03%             | 2027-05-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY NOTE                            | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1335000 | PA      | $1216310.16   | 0.25%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY NOTE                            | CUSIP: 91282CGM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1320000 | PA      | $1257300.00   | 0.26%             | 2033-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY NOTE                            | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      216000 | PA      | $215190.00    | 0.04%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY NOTE                            | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      835000 | PA      | $836761.33    | 0.17%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                           | UNITEDHEALTH GROUP INC                   | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |      200000 | PA      | $197464.33    | 0.04%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP                                      | USA COM PARTNERS LP / USA COM FIN        | CUSIP: 91740PAG3<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |      180000 | PA      | $182957.37    | 0.04%             | 2029-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VMC FINANCE LLC VMC_21-FL4                                       | VMC_21-FL4                               | CUSIP: 91835RAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      299000 | PA      | $295780.16    | 0.06%             | 2036-06-18      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                          | VZ SECURED FINANCING BV                  | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |      340000 | PA      | $293933.77    | 0.06%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VANTAGE DATA CENTERS ISSUER LLC VDC_20-1                         | VDC_20-1A                                | CUSIP: 92212KAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      395000 | PA      | $390979.30    | 0.08%             | 2045-09-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                   | VAR ENERGI ASA                           | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |      200000 | PA      | $210321.47    | 0.04%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                   | VAR ENERGI ASA                           | CUSIP: 92212WAG5<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |      340000 | PA      | $343560.88    | 0.07%             | 2035-05-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                | VENTURE GLOBAL CALCASIEU PASS LLC        | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |      196000 | PA      | $182499.76    | 0.04%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC                   | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      177000 | PA      | $188554.72    | 0.04%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC                   | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |       78000 | PA      | $77740.66     | 0.02%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC                   | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      689000 | PA      | $652222.02    | 0.14%             | N/A             | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_22-8                            | VERUS_22-8                               | CUSIP: 924922AC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       77488 | PA      | $77409.08     | 0.02%             | 2067-09-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                         | VERTICAL US NEWCO INC                    | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |      100000 | PA      | $99079.72     | 0.02%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_22-1                            | VERUS_22-1                               | CUSIP: 92538WAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      131612 | PA      | $121570.44    | 0.03%             | 2067-01-25      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 12795000000 | PA      | $773872.71    | 0.16%             | 2032-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEV BANK                                          | INTER-AMERICAN DEVELOPMENT BANK          | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | CORP              | US        |      138000 | PA      | $88344.80     | 0.02%             | 2026-01-29      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GUATEMALA REPUBLIC OF (GOVERNMENT)                               | GUATEMALA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GT        |      200000 | PA      | $197728.84    | 0.04%             | 2029-08-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | XX        |      470119 | OU      | $-3239.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |      639936 | OU      | $-13966.14    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ELMWOOD CLO 30 LTD ELM30_24-6A                                   | ELM30_24-6A                              | CUSIP: 29001JAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      500000 | PA      | $500981.00    | 0.10%             | 2037-07-17      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| EMERA INCORPORATED                                               | EMERA INC                                | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |      700000 | PA      | $704904.69    | 0.15%             | 2076-06-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| ABU DHABI (EMIRATE OF)                                           | ABU DHABI (EMIRATE OF)                   | CUSIP: 29135LAJ9<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |      200000 | PA      | $151211.74    | 0.03%             | 2050-04-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                                      | ENCANA CORPORATION                       | CUSIP: 292505AD6<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |      495000 | PA      | $496748.48    | 0.10%             | 2034-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                                      | ENCANA CORPORATION                       | CUSIP: 292505AG9<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |      340000 | PA      | $329949.30    | 0.07%             | 2038-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                     | ENBRIDGE INC                             | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |      465000 | PA      | $505818.03    | 0.11%             | 2084-01-15      | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                     | ENBRIDGE INC                             | CUSIP: 29250NCF0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |      360000 | PA      | $363014.50    | 0.08%             | 2054-06-27      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                           | ENERGIZER HOLDINGS INC                   | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |       40000 | PA      | $37562.35     | 0.01%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                           | ENERGIZER HOLDINGS INC                   | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |      150000 | PA      | $150627.42    | 0.03%             | 2027-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | ENERGY TRANSFER LP                       | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      336000 | PA      | $330484.28    | 0.07%             | N/A             | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | ENERGY TRANSFER LP                       | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      420000 | PA      | $422495.05    | 0.09%             | 2079-12-31      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | ENERGY TRANSFER LP                       | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      485000 | PA      | $507830.97    | 0.11%             | 2054-05-15      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TR                                 | CGCMT_16-P3                              | CUSIP: 29429CAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     7814559 | PA      | $64996.03     | 0.01%             | 2049-04-15      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| PERIMETER HOLDINGS LLC                                           | EVERARC ESCROW SARL                      | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      212000 | PA      | $201626.07    | 0.04%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EVERI HOLDINGS INC                                               | EVERI HOLDINGS INC                       | CUSIP: 30034TAA1<br>LEI: 5299006DK5S7BG10K532 | Long             | DBT              | CORP              | US        |      195000 | PA      | $196509.64    | 0.04%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EVERGY MISSOURI WEST INC                                         | EVERGY MISSOURI WEST INC                 | CUSIP: 30037EAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      480000 | PA      | $483303.26    | 0.10%             | 2034-06-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| EXELON CORPORATION                                               | EXELON CORPORATION                       | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |      525000 | PA      | $523060.32    | 0.11%             | 2055-03-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK OF INDIA                                      | EXPORT-IMPORT BANK OF INDIA              | CUSIP: 30216JAC9<br>LEI: N/A                  | Long             | DBT              | NUSS              | IN        |      200000 | PA      | $195286.83    | 0.04%             | 2028-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                           | EXTRA SPACE STORAGE LP                   | CUSIP: 30225VAQ0<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |       30000 | PA      | $25530.30     | 0.01%             | 2031-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST ESA_21-ESH                           | ESA_21-ESH                               | CUSIP: 30227FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      428864 | PA      | $428059.43    | 0.09%             | 2038-07-15      | Variable      | 8.14%                 | No            |                  2 | On Loan: No      |
| EZCORP INC.                                                      | EZCORP INC.                              | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |      175000 | PA      | $181944.14    | 0.04%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTS FHLMC_19-KF71    | FHLMC_19-KF71                            | CUSIP: 30314GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      281769 | PA      | $262231.31    | 0.05%             | 2029-10-25      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| FARMERS EXCHANGE CAPITAL III                                     | FARMERS EXCHANGE CAPITAL III             | CUSIP: 30958QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      300000 | PA      | $267986.56    | 0.06%             | 2054-10-15      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| SARTORIUS FINANCE BV                                             | SARTORIUS FINANCE BV                     | CUSIP: 000000000<br>LEI: 529900JCAKTMRXK9EA58 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $121104.94    | 0.03%             | 2035-09-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FARMERS INS EXCHANGE                                             | FARMERS INSURANCE EXCHANGE               | CUSIP: 309601AE2<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |      100000 | PA      | $80216.28     | 0.02%             | 2057-11-01      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| FREDDIEMAC STRIP FHSTR_386                                       | FHLMC_386                                | CUSIP: 31325YBW7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     2738679 | PA      | $368481.32    | 0.08%             | 2052-03-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| QUEENSLAND TREASURY CORPORATION                                  | QUEENSLAND TREASURY CORPORATION          | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |      955000 | PA      | $623396.63    | 0.13%             | 2036-07-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                        | PHILIPPINES (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |     7240000 | PA      | $130747.71    | 0.03%             | 2035-04-28      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                    | CUSIP: 3132DULA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      316344 | PA      | $322348.29    | 0.07%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                    | CUSIP: 3132DWDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      790135 | PA      | $615700.30    | 0.13%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                        | PHILIPPINES (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    18900000 | PA      | $344162.41    | 0.07%             | 2029-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                                       | NBN CO LTD                               | CUSIP: 000000000<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | NUSS              | AU        |      570000 | PA      | $372516.71    | 0.08%             | 2035-03-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                    | CUSIP: 3132DWDR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1270353 | PA      | $1036350.91   | 0.22%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                    | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      690307 | PA      | $588280.79    | 0.12%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                    | CUSIP: 3132DWE33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1147815 | PA      | $977129.13    | 0.20%             | 2052-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                    | CUSIP: 3132DWE58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      427691 | PA      | $392672.72    | 0.08%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                    | CUSIP: 3132DWE66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2024995 | PA      | $1913926.43   | 0.40%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                    | CUSIP: 3132DWEJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      553460 | PA      | $508203.02    | 0.11%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                    | CUSIP: 3132DWER0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      832749 | PA      | $764653.00    | 0.16%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                    | CUSIP: 3132DWHZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1448514 | PA      | $1405380.36   | 0.29%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS                          | CUSIP: 3133BDPX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      610892 | PA      | $519972.88    | 0.11%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS                          | CUSIP: 3133C6EW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      427219 | PA      | $414717.10    | 0.09%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_13-5                                             | FNMA_13-5                                | CUSIP: 3136ABG64<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |      207548 | PA      | $201521.50    | 0.04%             | 2042-10-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE ACES FNMA_16-M4                                       | FNMA_16-M4                               | CUSIP: 3136ARP44<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      262778 | PA      | $9782.68      | 0.00%             | 2039-01-25      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| FANNIEMAE-ACES FNMA_16-M11                                       | FNMA_16-M11B                             | CUSIP: 3136AT5H3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      388329 | PA      | $5434.24      | 0.00%             | 2039-07-25      | Variable      | 3.06%                 | No            |                  2 | On Loan: No      |
| FANNIEMAE-ACES FNMA_19-M29                                       | FNMA_19-M29                              | CUSIP: 3136B7HP9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     4300000 | PA      | $93500.49     | 0.02%             | 2029-03-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_24-98                 | FNMA_24-98                               | CUSIP: 3136BUDG2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |      887441 | PA      | $77699.17     | 0.02%             | 2054-12-25      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_24-98                 | FNMA_24-98                               | CUSIP: 3136BUDM9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |      586549 | PA      | $58861.35     | 0.01%             | 2054-12-25      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_24-98                 | FNMA_24-98                               | CUSIP: 3136BUDT4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |      684216 | PA      | $69544.50     | 0.01%             | 2054-11-25      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_K051                                           | FHLMC_K051                               | CUSIP: 3137BM7E0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     2099984 | PA      | $11382.96     | 0.00%             | 2043-10-25      | Variable      | 1.62%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PAS                                 | FHLMC_K057                               | CUSIP: 3137BRQL2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     4905074 | PA      | $44512.07     | 0.01%             | 2026-07-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_KS06                                           | FHLMC_KS06                               | CUSIP: 3137BS5P4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     2097950 | PA      | $10820.81     | 0.00%             | 2026-08-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PA                                  | FHLMC_K060                               | CUSIP: 3137BTAF8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     1349985 | PA      | $33326.68     | 0.01%             | 2044-12-25      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHMS_Q004              | FHLMC_Q004                               | CUSIP: 3137FARN0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     1071296 | PA      | $40945.15     | 0.01%             | 2044-05-25      | Variable      | 1.17%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_K732                                           | FHLMC_K732                               | CUSIP: 3137FG7J8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     1214737 | PA      | $7572.43      | 0.00%             | 2046-05-25      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHMS_KL05              | FHLMC_KL05                               | CUSIP: 3137FNAP5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     2400000 | PA      | $66015.60     | 0.01%             | 2027-12-25      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTS FHMS_K096        | FHLMC_K096                               | CUSIP: 3137FNBB5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     3390000 | PA      | $237325.09    | 0.05%             | 2029-07-25      | Variable      | 2.04%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES FHMS_KC07 | FHLMC_KC07                               | CUSIP: 3137FQK93<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     3307475 | PA      | $20900.60     | 0.00%             | 2026-09-25      | Variable      | 0.73%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_19-P002             | FHLMC_19-P002                            | CUSIP: 3137FQKX0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      705000 | PA      | $38577.11     | 0.01%             | 2033-07-25      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHLMC_KLU3             | FHLMC_KLU3                               | CUSIP: 3137H0H76<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     1560161 | PA      | $119092.06    | 0.02%             | 2031-01-25      | Variable      | 1.93%                 | No            |                  2 | On Loan: No      |
| FHLMC_5468                                                       | FHLMC_5468                               | CUSIP: 3137HHBV2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     1931187 | PA      | $140576.67    | 0.03%             | 2054-10-25      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC_5496                               | CUSIP: 3137HHZY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGA              | US        |     2212536 | PA      | $172385.95    | 0.04%             | 2055-01-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS FHR_5512                                      | FHLMC_5512                               | CUSIP: 3137HK5N0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     2706664 | PA      | $200013.78    | 0.04%             | 2055-03-25      | Variable      | 1.57%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC_5548B                              | CUSIP: 3137HLK35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGA              | US        |      325000 | PA      | $306312.50    | 0.06%             | 2055-06-25      | Variable      | 4.42%                 | No            |                  3 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC_5546B                              | CUSIP: 3137HLMB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGA              | US        |      325000 | PA      | $300625.00    | 0.06%             | 2055-06-25      | Variable      | 3.98%                 | No            |                  3 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 3140MGLD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1514605 | PA      | $1178250.86   | 0.24%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 3140QMTW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      922314 | PA      | $718758.27    | 0.15%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 3140QT2S7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      334761 | PA      | $332127.73    | 0.07%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 3140QUBJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      903065 | PA      | $900988.77    | 0.19%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 3140QUHH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1121152 | PA      | $1112330.97   | 0.23%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 3140QV3B8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      520372 | PA      | $520601.76    | 0.11%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 3140QV3C6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      449046 | PA      | $448547.68    | 0.09%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WELLS FARGO & COMPANY                    | CUSIP: 000000000<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      205000 | PA      | $239304.29    | 0.05%             | 2032-07-22      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| LONZA FINANCE INTERNATIONAL NV/SA                                | LONZA FINANCE INTERNATIONAL NV/SA        | CUSIP: 000000000<br>LEI: 549300AS6XQBD4ETT379 | Long             | DBT              | CORP              | BE        |      105000 | PA      | $118584.62    | 0.02%             | 2034-09-04      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OMERS FINANCE TRUST                                              | OMERS FINANCE TRUST                      | CUSIP: 000000000<br>LEI: 529900M039WCPES03P17 | Long             | DBT              | NUSS              | CA        |      260000 | PA      | $296147.58    | 0.06%             | 2035-01-28      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN FINANCIAL SERVICES AG                                 | VOLKSWAGEN FINANCIAL SERVICES AG         | CUSIP: 000000000<br>LEI: 529900SSGT49ZZSWYE62 | Long             | DBT              | CORP              | DE        |      200000 | PA      | $229448.90    | 0.05%             | 2031-11-19      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NORWAY (KINGDOM OF)                                              | NORWAY KINGDOM OF (GOVERNMENT)           | CUSIP: 000000000<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |     2395000 | PA      | $229941.21    | 0.05%             | 2035-06-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SHORT EURO-BTP (ITALY GOVT) JUN 25       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | DE        |         293 | NC      | $98852.72     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | SHORT EURO-BTP (ITALY GOVT) JUN 25       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | DE        |         131 | NC      | $44205.46     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INTER-AMERICAN DEV BANK                                          | INTER-AMERICAN DEVELOPMENT BANK          | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | CORP              | US        |      330000 | PA      | $211770.12    | 0.04%             | 2025-10-30      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  4550000000 | PA      | $307871.48    | 0.06%             | 2031-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                       | BRAZIL (FEDERATIVE REPUBLIC OF)          | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     1454000 | PA      | $2508545.91   | 0.52%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| NEW ZEALAND (GOVERNMENT OF)                                      | NEW ZEALAND (GOVT OF)                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | NZ        |     1350000 | PA      | $758866.19    | 0.16%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | BRENT CRUDE OIL LAST DAY AUG 25          | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -7 | NC      | $4673.35      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | CORN JUL 25                              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |         -14 | NC      | $-606.22      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | CORN DEC 25                              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |         -59 | NC      | $36431.86     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street                                                     | MEXICAN PESO                             | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              | CORP              | MX        |    13459079 | OU      | $4385.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street                                                     | NEW ZEALAND DOLLAR                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              | CORP              | NZ        |      700539 | OU      | $1400.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered                                               | US DOLLARS                               | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | US        |     1391250 | OU      | $7276.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered                                               | CANADIAN DOLLAR                          | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | CA        |      654688 | OU      | $9346.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered                                               | US DOLLARS                               | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | US        |      526809 | OU      | $-17186.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered                                               | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | XX        |      510854 | OU      | $-16312.65    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered                                               | US DOLLARS                               | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | US        |     1023790 | OU      | $-10821.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered                                               | US DOLLARS                               | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | US        |      879537 | OU      | $-1273.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered                                               | CANADIAN DOLLAR                          | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | CA        |     1638608 | OU      | $6913.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered                                               | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | XX        |     2918354 | OU      | $6119.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered                                               | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | XX        |     1365000 | OU      | $5176.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered                                               | BRITISH POUND                            | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | GB        |      856686 | OU      | $13634.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered                                               | SINGAPORE DOLLAR                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | SG        |     1316233 | OU      | $8671.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered                                               | SINGAPORE DOLLAR                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | US        |     -356783 | OU      | $6420.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | FTSE/MIB INDEX JUN 25                    | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | IT        |           1 | NC      | $19864.37     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | FTSE/MIB INDEX JUN 25                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | IT        |           5 | NC      | $43055.28     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | FTSE/MIB MINI INDEX JUN 25               | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | IT        |          12 | NC      | $6965.88      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | STOXX EUROPE 600 JUN 25                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | DE        |          35 | NC      | $12254.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | STOXX EUROPE 600 JUN 25                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | DE        |           5 | NC      | $74.33        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | STOXX EUROPE 600 JUN 25                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | DE        |           4 | NC      | $-378.14      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| TD Securities (USA) LLC                                          | US DOLLARS                               | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | N/A              | DFE              | CORP              | US        |      121155 | OU      | $-5730.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TD Securities (USA) LLC                                          | CANADIAN DOLLAR                          | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | N/A              | DFE              | CORP              | CA        |      463739 | OU      | $2787.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TD Securities (USA) LLC                                          | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | N/A              | DFE              | CORP              | XX        |       38500 | OU      | $171.18       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | US 2YR NOTE SEP 25                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |         -89 | NC      | $-17457.53    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | FTSE TAIWAN JUN 25                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | SG        |          -2 | NC      | $2096.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | FTSE TAIWAN JUN 25                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | SG        |          -1 | NC      | $1407.97      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | US 10YR NOTE SEP 25                      | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |         -52 | NC      | $-34834.86    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US 10YR NOTE SEP 25                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |          -4 | NC      | $-1227.61     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                                         | VISA INC                                 | CUSIP: U9224PAF9<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |      145000 | PA      | $165072.88    | 0.03%             | 2033-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | EURO BUXL 30YR BOND JUN 25               | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | DE        |          -6 | NC      | $-9140.01     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | EURO BUXL 30YR BOND JUN 25               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | DE        |         -10 | NC      | $-37618.67    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                                              | NORWAY KRONA                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | NO        |     2047438 | OU      | $7367.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | US DOLLARS                               | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |     1822919 | OU      | $-26441.76    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | US DOLLARS                               | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |      920580 | OU      | $17870.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | US DOLLARS                               | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |      757792 | OU      | $-8708.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | XX        |     1183979 | OU      | $-38458.70    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | US DOLLARS                               | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |      511895 | OU      | $3122.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | US DOLLARS                               | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |      879537 | OU      | $-864.26      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | AUSTRALIA DOLLAR                         | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | AU        |      775582 | OU      | $31477.77     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | XX        |      787295 | OU      | $-3738.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | XX        |     1365000 | OU      | $3385.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | BRITISH POUND                            | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | GB        |      389543 | OU      | $21663.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                                              | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | JP        |   244525750 | OU      | $36434.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | US LONG BOND SEP 25                      | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |          -1 | NC      | $-1931.08     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | US LONG BOND SEP 25                      | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |         -24 | NC      | $-17327.96    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US LONG BOND SEP 25                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         -19 | NC      | $-30678.74    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | CBOE VIX JUN 25                          | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |          -2 | NC      | $-497.14      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | US ULTRA 10YR NOTE SEP 25                | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |         -25 | NC      | $-7899.75     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US ULTRA 10YR NOTE SEP 25                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |        -202 | NC      | $-302580.52   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | EURO STOXX 50 JUN 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | DE        |          16 | NC      | $-5406.19     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | EURO STOXX 50 JUN 25                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | DE        |           3 | NC      | $273.49       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | EURO STOXX 50 JUN 25                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | DE        |          11 | NC      | $-2542.03     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | CORN DEC 25                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |         -32 | NC      | $3839.14      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Citi                                                             | MEXICAN PESO                             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | MX        |    36540492 | OU      | $-31002.94    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | STOXX 50 JUN 25                          | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | DE        |           1 | NC      | $865.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | WHEAT JUL 25                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |         -21 | NC      | $12278.17     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | WHEAT JUL 25                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          -2 | NC      | $-329.62      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | WHEAT JUL 25                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |          -4 | NC      | $2214.63      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | WHEAT JUL 25                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |         -25 | NC      | $-10746.28    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | WHEAT SEP 25                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |         -15 | NC      | $12516.55     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | WHEAT DEC 25                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          -8 | NC      | $7807.16      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | US ULTRA T-BOND SEP 25                   | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |         -19 | NC      | $-15545.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citi                                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |      984201 | OU      | $-13151.55    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | MILLING WHEAT MAR 26                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | FR        |         -16 | NC      | $4931.41      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | EURO STOXX BANK JUN 25                   | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | DE        |          49 | NC      | $331.45       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | MILLING WHEAT SEP 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | FR        |         -50 | NC      | $32079.88     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | MILLING WHEAT DEC 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | FR        |         -31 | NC      | $15843.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | COCOA SEP 25                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |           3 | NC      | $1903.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US ULTRA T-BOND SEP 25                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         -68 | NC      | $-66856.46    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | GASOLINE RBOB JUL 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -3 | NC      | $8117.67      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | COCOA SEP 25                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |           2 | NC      | $7073.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | CAD/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |           2 | NC      | $1416.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | GASOLINE RBOB JUL 25                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |          -5 | NC      | $1661.77      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | CAD/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |           7 | NC      | $1695.26      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | CAC40 10 EURO JUN 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | FR        |           3 | NC      | $-2680.72     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | CAC40 10 EURO JUN 25                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | FR        |           2 | NC      | $-3016.81     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | WTI CRUDE JUL 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -8 | NC      | $13506.47     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | WTI CRUDE JUL 25                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |         -19 | NC      | $-38317.81    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | WTI CRUDE AUG 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -4 | NC      | $8713.19      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | WTI CRUDE SEP 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -5 | NC      | $6651.48      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | CAN 10YR BOND SEP 25                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | CA        |           6 | NC      | $6491.87      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | CAN 10YR BOND SEP 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | CA        |         -10 | NC      | $-10935.83    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | BRENT CRUDE (ICE) AUG 25                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -8 | NC      | $4832.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | BRENT CRUDE (ICE) AUG 25                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | GB        |          -1 | NC      | $498.26       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | BRENT CRUDE (ICE) AUG 25                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | GB        |         -20 | NC      | $-20494.84    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | 3M CORRA SEP 25                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | CA        |          46 | NC      | $-5238.47     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | BRENT CRUDE (ICE) SEP 25                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -3 | NC      | $2687.12      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | BRENT CRUDE (ICE) OCT 25                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -7 | NC      | $7773.28      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | BRENT CRUDE (ICE) DEC 25                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |         -10 | NC      | $49590.37     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | E-MICRO EUR/USD JUN 25                   | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |           3 | NC      | $-15.10       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | COTTON NO.2 JUL 25                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |         -17 | NC      | $15919.97     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | COTTON NO.2 JUL 25                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |         -11 | NC      | $6910.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | COTTON NO.2 DEC 25                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -7 | NC      | $4128.48      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | XX        |     1282930 | OU      | $-1141.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | JP        |   100662549 | OU      | $6141.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | MEXICAN PESO                             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | MX        |    10571475 | OU      | $30592.52     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | NORWAY KRONA                             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | NO        |     7573714 | OU      | $12386.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GE-WMC MORTGAGE SECURITIES LLC GEWMC_05-1                        | GEWMC_05-1                               | CUSIP: 367910AE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      139098 | PA      | $136790.99    | 0.03%             | 2035-10-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC                             | GENERAL MOTORS FINANCIAL CO INC          | CUSIP: 37045XCM6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |      200000 | PA      | $195188.34    | 0.04%             | N/A             | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC                             | GENERAL MOTORS FINANCIAL CO INC          | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |      110000 | PA      | $105653.15    | 0.02%             | N/A             | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP                                               | GLOBAL PARTNERS LP/GLP FIN               | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      150000 | PA      | $150796.90    | 0.03%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC/THE                                      | GOLDMAN SACHS GROUP INC                  | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      210000 | PA      | $203097.55    | 0.04%             | 2035-10-23      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC/THE                                      | GOLDMAN SACHS GROUP INC/THE              | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |       45000 | PA      | $45322.09     | 0.01%             | 2036-01-28      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC/THE                                      | GOLDMAN SACHS GROUP INC                  | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      200000 | PA      | $170145.43    | 0.04%             | 2032-01-27      | Variable      | 1.99%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC/THE                                      | GOLDMAN SACHS GROUP INC                  | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      130000 | PA      | $112927.50    | 0.02%             | 2032-10-21      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_12-4               | GNMA_12-4                                | CUSIP: 38378BBQ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     1329108 | PA      | $13.29        | 0.00%             | 2052-05-16      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASS                                 | GNMA_14-103                              | CUSIP: 38378XDR9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     1006104 | PA      | $4974.68      | 0.00%             | 2055-05-16      | Variable      | 0.19%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_17-136             | GNMA_17-136                              | CUSIP: 38380HJF0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |      462282 | PA      | $100560.61    | 0.02%             | 2047-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-63              | GNMA_18-63                               | CUSIP: 38380WUG2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |      629310 | PA      | $93871.01     | 0.02%             | 2047-09-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHARJAH EMIRATE OF                                               | SHARJAH (EMIRATE OF)                     | CUSIP: 38381CAE2<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |      200000 | PA      | $206454.86    | 0.04%             | 2032-11-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-154             | GNMA_24-154                              | CUSIP: 38384WAV7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     1440355 | PA      | $83624.72     | 0.02%             | 2054-09-20      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-151             | GNMA_24-151                              | CUSIP: 38384WFA8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     1341385 | PA      | $80086.32     | 0.02%             | 2054-09-20      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-160             | GNMA_24-160                              | CUSIP: 38384YMZ1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     2921954 | PA      | $170430.27    | 0.04%             | 2054-10-20      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| GRACECHURCH MORTGAGE FINANCE PLC GRACE_20-GRCE                   | GRACE_20-GRCE                            | CUSIP: 38406JAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $432879.30    | 0.09%             | 2040-12-10      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                                          | GC EDUCATION INC                         | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      110000 | PA      | $104487.61    | 0.02%             | 2028-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERNATIONAL LLC                              | GRAPHIC PACKAGING INTERNATIONAL          | CUSIP: 38869AAA5<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |       93000 | PA      | $91641.93     | 0.02%             | 2027-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GREAT CANADIAN GAMING CORP                                       | GREAT CANADIAN GAMING CORP               | CUSIP: 389925AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |       80000 | PA      | $77689.87     | 0.02%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GREAT WOLF TRUST GWT_24-WOLF                                     | GWT_24-WOLF                              | CUSIP: 39152MAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      540000 | PA      | $539325.00    | 0.11%             | 2039-03-15      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| GREAT WOLF TRUST GWT_24-WOLF                                     | GWT_24-WOLF                              | CUSIP: 39152MAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      360000 | PA      | $359325.00    | 0.07%             | 2039-03-15      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| HCA-THE HEALTHCARE CO                                            | HCA INC                                  | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      739000 | PA      | $688773.65    | 0.14%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE TRUST MCMLT_19-GS1                            | MCMLT_19-GS1                             | CUSIP: 59981BAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      800000 | PA      | $637420.96    | 0.13%             | 2059-07-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                    | MODIVCARE INC                            | CUSIP: 60783XAC8<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | DBT              | CORP              | US        |      390600 | PA      | $105462.00    | 0.02%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                            | MOLINA HEALTHCARE INC                    | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |      205000 | PA      | $205057.67    | 0.04%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BAML TRUST MSBAM_15-C26                           | MSBAM_15-C26                             | CUSIP: 61690VBA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5236004 | PA      | $133.52       | 0.00%             | 2048-10-15      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST NCMS_20-2PAC        | NCMS_20-2PAC                             | CUSIP: 63875DAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2665000 | PA      | $40742.52     | 0.01%             | 2038-12-15      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| NEW YORK AND PRESBYTERIAN HOSPITAL                               | NEW YORK AND PRESBYTERIAN HOSPITAL       | CUSIP: 649322AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      390000 | PA      | $331916.59    | 0.07%             | 2036-08-01      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                                        | NEWS CORP                                | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |      745000 | PA      | $706757.74    | 0.15%             | 2029-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY INC                                               | NextEra Energy Inc                       | CUSIP: 65339F119<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |       20400 | NS      | $906168.00    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                              | NEXTERA ENERGY CAPITAL HOLDINGS IN       | CUSIP: 65339KDF4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |      190000 | PA      | $191670.16    | 0.04%             | 2055-08-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| NORTHWEST NATURAL HOLDING CO                                     | NORTHWEST NATURAL HOLDING CO             | CUSIP: 66765NAA3<br>LEI: 254900PSJL6ZEC8FR782 | Long             | DBT              | CORP              | US        |      415000 | PA      | $414683.82    | 0.09%             | 2055-09-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC CO                                                | NSTAR ELECTRIC CO                        | CUSIP: 67021CAM9<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |      520000 | PA      | $509229.45    | 0.11%             | 2027-05-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NRTH PARK MORTGAGE TRUST NRTH_24-PARK                            | NRTH_24-PARK                             | CUSIP: 67021HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      362000 | PA      | $362701.01    | 0.08%             | 2041-03-15      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC TRUST OBX_21-NQM2                       | OBX_21-NQM2                              | CUSIP: 670857AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      992122 | PA      | $804170.23    | 0.17%             | 2061-05-25      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| OAK HILL CREDIT PARTNERS OAKC_20-7A                              | OAKC_20-7A                               | CUSIP: 67098WAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      475000 | PA      | $475199.03    | 0.10%             | 2037-02-24      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX_21-NQM3                             | OBX_21-NQM3                              | CUSIP: 67114JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1076364 | PA      | $870400.85    | 0.18%             | 2061-07-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| OCCU AUTO RECEIVABLES TRUST OCCU_22-1                            | OCCU_22-1                                | CUSIP: 67115YAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      142493 | PA      | $142732.76    | 0.03%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST NYC_25-3BP                         | NYC_25-3BP                               | CUSIP: 67120UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      270000 | PA      | $269205.98    | 0.06%             | 2042-02-15      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST NYC_25-3BP                         | NYC_25-3BP                               | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      425000 | PA      | $412354.55    | 0.09%             | 2042-02-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                                 | OCCIDENTAL PETROLEUM CORPORATION         | CUSIP: 674599DD4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |      195000 | PA      | $209990.55    | 0.04%             | 2031-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                                 | OCCIDENTAL PETROLEUM CORPORATION         | CUSIP: 674599DF9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |       90000 | PA      | $88309.61     | 0.02%             | 2036-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                                 | OCCIDENTAL PETROLEUM CORPORATION         | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |      550000 | PA      | $572553.26    | 0.12%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                                 | OCCIDENTAL PETROLEUM CORPORATION         | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |      285000 | PA      | $290182.15    | 0.06%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| OMERS FINANCE TRUST                                              | OMERS FINANCE TRUST                      | CUSIP: 682142AL8<br>LEI: 529900M039WCPES03P17 | Long             | DBT              | NUSS              | CA        |      250000 | PA      | $254736.57    | 0.05%             | 2031-03-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| 180 MEDICAL INC                                                  | 180 MEDICAL INC                          | CUSIP: 682357AA6<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |      311000 | PA      | $295334.63    | 0.06%             | 2029-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| 1011778 BC UNLIMITED LIABILITY CO                                | RESTAURANT BRANDS                        | CUSIP: 68245XAH2<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |      430000 | PA      | $416249.52    | 0.09%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| 1011778 BC UNLIMITED LIABILITY CO                                | 1011778 BC ULC/NEW RED FINANCE INC       | CUSIP: 68245XAP4<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |      525000 | PA      | $493172.61    | 0.10%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ONE NEW YORK PLAZA TRUST ONYP_20-1NYP                            | ONYP_20-1NYP                             | CUSIP: 68249DAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      372000 | PA      | $358106.62    | 0.07%             | 2036-01-15      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                                   | 1261229 B.C. LTD.                        | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      200000 | PA      | $198007.43    | 0.04%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ONTARIO TEACHERS FINANCE TRUST                                   | ONTARIO TEACHERS FINANCE TRUST           | CUSIP: 68329AAJ7<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | NUSS              | CA        |      465000 | PA      | $408599.42    | 0.08%             | 2031-04-16      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                            | ONTARIO (PROVINCE OF)                    | CUSIP: 68333ZAN7<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |     1109000 | PA      | $735425.16    | 0.15%             | 2030-12-02      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                   | OPAL BIDCO SAS                           | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |      105000 | PA      | $104924.81    | 0.02%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                                   | OPEN TEXT CORP                           | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |       70000 | PA      | $72135.83     | 0.01%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| OPTION ONE MORTGAGE LOAN TRUST OOMLT_06-3                        | OOMLT_06-3                               | CUSIP: 68389BAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      834692 | PA      | $523554.76    | 0.11%             | 2037-02-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                               | ORACLE CORPORATION                       | CUSIP: 68389XBQ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      255000 | PA      | $189596.56    | 0.04%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                               | ORACLE CORPORATION                       | CUSIP: 68389XBU8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      100000 | PA      | $97144.52     | 0.02%             | 2027-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                               | ORACLE CORPORATION                       | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      215000 | PA      | $217221.12    | 0.05%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| OOMLT_07-5                                                       | OOMLT_07-5                               | CUSIP: 68403HAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      780171 | PA      | $414600.11    | 0.09%             | 2037-05-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| OOMLT_07-5                                                       | OOMLT_07-5                               | CUSIP: 68403HAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1420374 | PA      | $715322.34    | 0.15%             | 2037-05-25      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                                           | OPTION CARE HEALTH INC                   | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |      160000 | PA      | $152553.83    | 0.03%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO                                                     | ORGANON & CO TLB 2.25                    | CUSIP: 68621XAG8<br>LEI: 549300AMCKY57OK2CO56 | Long             | LON              | CORP              | US        |      145000 | PA      | $141012.50    | 0.03%             | 2031-05-19      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| OT MIDCO INC                                                     | OT MIDCO INC                             | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      125000 | PA      | $104092.72    | 0.02%             | 2030-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)                           | PNC FINANCIAL SERVICES GROUP INC         | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |       70000 | PA      | $76861.50     | 0.02%             | 2034-10-20      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)                           | PNC FINANCIAL SERVICES GROUP INC         | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |       50000 | PA      | $51018.01     | 0.01%             | 2035-01-22      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| TXNM ENERGY INC                                                  | PNM RESOURCES INC                        | CUSIP: 69349HAE7<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | DBT              | CORP              | US        |      265000 | PA      | $342512.50    | 0.07%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PRKCM_21-AFC2 TRUST                                              | PRKCM_21-AFC2                            | CUSIP: 69361JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      935230 | PA      | $813367.71    | 0.17%             | 2056-11-25      | Variable      | 2.07%                 | No            |                  2 | On Loan: No      |
| PERTAMINA PERSERO PT                                             | PT PERTAMINA (PERSERO)                   | CUSIP: 69370PAH4<br>LEI: N/A                  | Long             | DBT              | NUSS              | ID        |      200000 | PA      | $182912.84    | 0.04%             | 2030-08-25      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| PRETIUM MORTGAGE CREDIT PARTNERS LLC PRET_22-RN2                 | PRET_22-RN2                              | CUSIP: 69377NAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      720000 | PA      | $717223.61    | 0.15%             | 2052-06-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| PRPM LLC PRPM_24-RPL1                                            | PRPM_24-RPL1                             | CUSIP: 69380XAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      700000 | PA      | $665401.80    | 0.14%             | 2064-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PGA NATIONAL RESORT COMMERCIAL MORTGAGE TRUST PGA_24-RSR2        | PGA_24-RSR2                              | CUSIP: 69381CAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      670000 | PA      | $669582.05    | 0.14%             | 2039-06-15      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE CLO LTD PLMRS_15-1                                 | PLMRS_15-1A                              | CUSIP: 69689ACA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      510000 | PA      | $510477.87    | 0.11%             | 2034-05-21      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                  | PANAMA (REPUBLIC OF)                     | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      200000 | PA      | $188915.39    | 0.04%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| PAPA JOHNS INTL INC                                              | PAPA JOHNS INTERNATIONAL INC             | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |      110000 | PA      | $103176.28    | 0.02%             | 2029-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PARK AVENUE INSTITUTIONAL ADVISERS CLO PAIA_21-1A                | PAIA_21-1A                               | CUSIP: 70015QAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      250000 | PA      | $250172.00    | 0.05%             | 2034-01-20      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                                      | PAYCHEX INC                              | CUSIP: 704326AB3<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |      415000 | PA      | $421160.14    | 0.09%             | 2032-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                                 | AMC NETWORKS INC                         | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      100000 | PA      | $106215.03    | 0.02%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| AMERICAN MONEY MANAGEMENT CORPOR                                 | AMMC_16-18A                              | CUSIP: 001746AQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      600000 | PA      | $601675.20    | 0.13%             | 2031-05-26      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| AMSR TRUST AMSR_20-SFR3                                          | AMSR_20-SFR3                             | CUSIP: 001807AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      800000 | PA      | $798020.64    | 0.17%             | 2037-09-17      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP LTD                                        | AMERICAN AIRLINES/AADVANTAGE             | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      650000 | PA      | $638729.78    | 0.13%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ABIOMED INC                                                      | ABIOMED Inc                              | CUSIP: 003CVR016<br>LEI: 5493001EZN4ZTB4Z5887 | Long             | EC               | CORP              | US        |       15541 | NS      | $24865.60     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION INC                                     | ADTALEM GLOBAL EDUCATION INC             | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |      103000 | PA      | $102292.19    | 0.02%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                        | BALL CORPORATION                         | CUSIP: 058498AV8<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |       86000 | PA      | $85955.13     | 0.02%             | 2026-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC                                       | AERCAP IRELAND CAP/AERCAP GLOBAL         | CUSIP: 00774MAW5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |      250000 | PA      | $236001.54    | 0.05%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC                                       | AERCAP IRELAND CAPITAL DAC               | CUSIP: 00774MBK0<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |      330000 | PA      | $338607.51    | 0.07%             | 2055-03-10      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                        | BALL CORPORATION                         | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |      775000 | PA      | $686855.59    | 0.14%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                        | BALL CORPORATION                         | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |      390000 | PA      | $398651.92    | 0.08%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BAFC_14-R6                                                       | BAFC_14-R6                               | CUSIP: 05969KBB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      325504 | PA      | $325169.19    | 0.07%             | 2036-07-26      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP                     | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |       80000 | PA      | $77562.29     | 0.02%             | N/A             | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC                                       | AERCAP IRELAND CAPITAL DAC / AERCA       | CUSIP: 00774MBQ7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |      320000 | PA      | $316372.09    | 0.07%             | 2056-01-31      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| AIMCO AIMCO_17-AA                                                | AIMCO_17-AA                              | CUSIP: 00900DAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      900000 | PA      | $538549.20    | 0.11%             | 2034-04-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP                     | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      765000 | PA      | $658693.72    | 0.14%             | 2031-10-24      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP                     | CUSIP: 06051GJP5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      135000 | PA      | $119473.92    | 0.02%             | 2032-03-11      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| AIMCO AIMCO_15-AA                                                | AIMCO_15-AA                              | CUSIP: 00900LBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      525000 | PA      | $525291.38    | 0.11%             | 2034-10-17      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| AIMCO CLO LTD AIMCO_19-10                                        | AIMCO_19-10A                             | CUSIP: 00901AAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      450000 | PA      | $451106.55    | 0.09%             | 2037-07-22      | Variable      | 6.02%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                            | AIR LEASE CORPORATION                    | CUSIP: 00912XBK9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |      255000 | PA      | $245830.44    | 0.05%             | N/A             | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                                      | AKER BP ASA                              | CUSIP: 00973RAN3<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |      310000 | PA      | $290645.73    | 0.06%             | 2034-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1 SARL                                          | AGGREKO HOLDINGS INC                     | CUSIP: 01330AAA4<br>LEI: 259400W9CABUZBRDLP97 | Long             | DBT              | CORP              | LU        |       73000 | PA      | $74200.39     | 0.02%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALBIREO PHARMA INC                                               | ALBIREO PHARMA INC CVR                   | CUSIP: 013CVR022<br>LEI: 549300835H8LC7O8VC29 | Long             | EC               | CORP              | US        |       37853 | NS      | $100798.75    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ALIGNED DATA CENTERS ISSUER LLC ADC_21-1A                        | ADC_21-1A                                | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      388000 | PA      | $372861.48    | 0.08%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                          | ATI INC                                  | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |       92000 | PA      | $96392.21     | 0.02%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP                     | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      490000 | PA      | $432850.59    | 0.09%             | 2032-04-22      | Variable      | 2.69%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP                     | CUSIP: 06051GJZ3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |       50000 | PA      | $46417.73     | 0.01%             | 2029-06-14      | Variable      | 2.09%                 | No            |                  2 | On Loan: No      |
| ALLEGRO CLO LTD ALLEG_24-1A                                      | ALLEG_24-1A                              | CUSIP: 01749FAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      550000 | PA      | $554175.05    | 0.12%             | 2037-04-25      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| ALLEGRO CLO LTD ALLEG_24-2A                                      | ALLEG_24-2A                              | CUSIP: 01750RAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | JE        |      500000 | PA      | $501266.00    | 0.10%             | 2037-07-24      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP                     | CUSIP: 06051GKJ7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      110000 | PA      | $106304.15    | 0.02%             | 2028-02-04      | Variable      | 2.55%                 | No            |                  2 | On Loan: No      |
| BANK OF HAWAII CORP                                              | Bank of Hawaii Corp                      | CUSIP: 062540307<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EP               | CORP              | US        |       11850 | NS      | $301345.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY FINANCE LLC                                       | ALLIANT ENERGY FINANCE LLC               | CUSIP: 01882YAD8<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |      405000 | PA      | $362955.67    | 0.08%             | 2032-03-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HLDS INTERMED/ALLIANT HLDS       | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |      185000 | PA      | $187495.97    | 0.04%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                 | BANK OF MONTREAL                         | CUSIP: 06368D8W7<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |      580000 | PA      | $441651.18    | 0.09%             | 2082-11-26      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                 | BANK OF MONTREAL                         | CUSIP: 06368L5Q5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |      785000 | PA      | $784057.41    | 0.16%             | 2084-11-26      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                              | BANK OF NOVA SCOTIA                      | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |      415000 | PA      | $437588.80    | 0.09%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                     | BARCLAYS PLC                             | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |      408000 | PA      | $402964.04    | 0.08%             | N/A             | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                                      | ALLIED UNIVERSAL HOLDCO/ALLIED FIN       | CUSIP: 019576AB3<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |       20000 | PA      | $20160.80     | 0.00%             | 2027-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                         | ALLISON TRANSMISSION INC                 | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |      100000 | PA      | $90787.17     | 0.02%             | 2031-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                               | BAUSCH & LOMB ESCROW CORP                | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |       60000 | PA      | $62286.76     | 0.01%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                             | BAYER US FINANCE LLC                     | CUSIP: 07274EAM5<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |      120000 | PA      | $121565.26    | 0.03%             | 2053-11-21      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                          | BAYER US FINANCE II LLC                  | CUSIP: 07274NAJ2<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |      100000 | PA      | $99551.30     | 0.02%             | 2025-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                          | BAYER US FINANCE II LLC                  | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |      174000 | PA      | $170296.60    | 0.04%             | 2028-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALLO ISSUER LLC ALLO_23-1                                        | ALLO_23-1A                               | CUSIP: 01983KAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      163000 | PA      | $175204.93    | 0.04%             | 2053-06-20      | Fixed         | 12.18%                | No            |                  2 | On Loan: No      |
| ALLO ISSUER LLC ALLO_24-1A                                       | ALLO_24-1A                               | CUSIP: 01983KAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      342200 | PA      | $370235.49    | 0.08%             | 2054-07-20      | Fixed         | 11.19%                | No            |                  2 | On Loan: No      |
| DBGS MORTGAGE TRUST DBGS_18-C1                                   | DBGS_18-C1                               | CUSIP: 23307DBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      542000 | PA      | $524665.21    | 0.11%             | 2051-10-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| DBGS_21-W52                                                      | DBGS_21-W52                              | CUSIP: 23308LAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      520000 | PA      | $501670.05    | 0.10%             | 2036-10-15      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| ALLO ISSUER LLC ALLO_25-1                                        | ALLO_25-1A                               | CUSIP: 01983KAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      425000 | PA      | $427819.88    | 0.09%             | 2055-04-20      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                    | CUSIP: 01F020661<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     2825000 | PA      | $2194520.82   | 0.46%             | 2054-06-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DOLP TRUST DOLP_21-NYC                                           | DOLP_21-NYC                              | CUSIP: 23345LAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $424908.25    | 0.09%             | 2041-05-10      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                                          | DARLING INGREDIENTS INC                  | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |      630000 | PA      | $631112.67    | 0.13%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                    | CUSIP: 01F022667<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     2650000 | PA      | $2157956.67   | 0.45%             | 2054-06-13      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                    | CUSIP: 01F030660<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     2700000 | PA      | $2297001.02   | 0.48%             | 2054-06-13      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                    | CUSIP: 01F032666<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     2225000 | PA      | $1971955.73   | 0.41%             | 2055-06-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                    | CUSIP: 01F040669<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     1425000 | PA      | $1305398.25   | 0.27%             | 2054-06-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE US TRUST TMUST_22-1                                     | TMUST_22-1A                              | CUSIP: 87267WAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      158622 | PA      | $158696.09    | 0.03%             | 2028-05-22      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| TTAN TTN_21-MHC                                                  | TTN_21-MHC                               | CUSIP: 87303TAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      538331 | PA      | $537826.46    | 0.11%             | 2038-03-15      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                    | CUSIP: 01F042665<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     1625000 | PA      | $1532460.07   | 0.32%             | 2054-06-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                    | CUSIP: 01F050668<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      750000 | PA      | $725892.13    | 0.15%             | 2055-06-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TACO BELL FUNDING BELL_16-1A                                     | BELL_16-1A                               | CUSIP: 87342RAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      553125 | PA      | $551968.47    | 0.11%             | 2046-05-25      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| TAL ADVANTAGE LLC TAL_20-1A                                      | TAL_20-1A                                | CUSIP: 87407RAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      234600 | PA      | $219782.19    | 0.05%             | 2045-09-20      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                             | ALPHA GENERATION LLC                     | CUSIP: 02073LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      205000 | PA      | $209056.79    | 0.04%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TRUST CWALT_07-OH3                  | CWALT_07-OH3                             | CUSIP: 02151DAD6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      382829 | PA      | $365273.81    | 0.08%             | 2047-09-25      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                                   | TRANSOCEAN INC                           | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |       68000 | PA      | $68933.79     | 0.01%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FINANCING LTD                                   | TRANSOCEAN TITAN FIN LTD                 | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |       86857 | PA      | $88173.54     | 0.02%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                              | ALTICE FINANCING SA                      | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |       75000 | PA      | $57195.46     | 0.01%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                 | ALTRIA GROUP INC                         | CUSIP: 02209SBS1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |      165000 | PA      | $166503.14    | 0.03%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                              | TRAVEL + LEISURE CO                      | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |      380000 | PA      | $361423.33    | 0.08%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| 1211 AVENUE OF THE AMERICAS TRUS                                 | AOTA_15-1211                             | CUSIP: 90117PAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      380000 | PA      | $359456.25    | 0.07%             | 2035-08-10      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AMERICA INC                                | AMCOR FLEXIBLES NORTH AMERICA INC        | CUSIP: 02344AAC2<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |      315000 | PA      | $315839.69    | 0.07%             | 2028-03-17      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMCOR GROUP FINANCE PLC                                          | AMCOR GROUP FINANCE PLC                  | CUSIP: 02344BAA4<br>LEI: 2549008XHB8M1L64J275 | Long             | DBT              | CORP              | GB        |      190000 | PA      | $193524.23    | 0.04%             | 2029-05-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PARK AVENUE TRUST PRKAV_17-245P                                  | PRKAV_17-245P                            | CUSIP: 90187LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      288000 | PA      | $278387.37    | 0.06%             | 2037-06-05      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| PARK AVENUE TRUST PRKAV_17-245P                                  | PRKAV_17-245P                            | CUSIP: 90187LAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      550000 | PA      | $511127.32    | 0.11%             | 2037-06-05      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| LIBERTY STREET TRUST LBTY_16-225                                 | LBTY_16-225L                             | CUSIP: 902055AN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5000000 | PA      | $12261.00     | 0.00%             | 2036-02-10      | Variable      | 0.87%                 | No            |                  2 | On Loan: No      |
| UFC HOLDINGS LLC                                                 | UFC HOLDINGS LLC TLB4 2.25               | CUSIP: 90266UAK9<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |      416955 | PA      | $417838.94    | 0.09%             | 2031-11-21      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                       | US BANCORP                               | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |      345000 | PA      | $330057.46    | 0.07%             | N/A             | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                            | UBER TECHNOLOGIES INC                    | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |      398000 | PA      | $392640.18    | 0.08%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                            | UBER TECHNOLOGIES INC                    | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |      210000 | PA      | $202802.18    | 0.04%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                              | UNITED AIRLINES INC                      | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |      190000 | PA      | $180427.32    | 0.04%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES 2016-2 PASS THROUGH TRUSTS                     | AMERICAN AIRLINES 16-2 AA PTT            | CUSIP: 023765AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      157375 | PA      | $148584.88    | 0.03%             | 2028-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES                                                | AMERICAN AIRLINES INC TLB 3.25           | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      355000 | PA      | $356256.70    | 0.07%             | 2032-05-28      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                      | MEXICO (UNITED MEXICAN STATES)           | CUSIP: 91087BAM2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      248000 | PA      | $211379.97    | 0.04%             | 2031-05-24      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                      | UNITED MEXICAN STATES                    | CUSIP: 91087BAR1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      200000 | PA      | $164891.69    | 0.03%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                         | AMERICAN HOMES 4 RENT                    | CUSIP: 02666TAF4<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |      210000 | PA      | $158807.05    | 0.03%             | 2052-04-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER TRUST 1                                           | AMERICAN TOWER TRUST I                   | CUSIP: 03027WAM4<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              | CORP              | US        |      410000 | PA      | $413207.23    | 0.09%             | 2028-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                      | MEXICO (UNITED MEXICAN STATES)           | CUSIP: 91087BAT7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      227000 | PA      | $209920.40    | 0.04%             | 2033-05-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                      | MEXICO (UNITED MEXICAN STATES)           | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      200000 | PA      | $199617.55    | 0.04%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                              | AMERICAN TOWER CORPORATION               | CUSIP: 03027XBC3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |      175000 | PA      | $153772.44    | 0.03%             | 2030-06-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                              | AMERICAN TOWER CORPORATION               | CUSIP: 03027XBM1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |       75000 | PA      | $66384.23     | 0.01%             | 2031-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA) INC                               | UNITED RENTALS NA INC                    | CUSIP: 911363AM1<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |      590000 | PA      | $544814.47    | 0.11%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA) INC                               | UNITED RENTALS NA INC                    | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |      285000 | PA      | $267717.02    | 0.06%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                              | AMERICAN TOWER CORPORATION               | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |      195000 | PA      | $196078.62    | 0.04%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL CORP                                      | AMERICAN WATER CAPITAL CORP              | CUSIP: 03040WBE4<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |      365000 | PA      | $369380.00    | 0.08%             | 2026-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY BOND                            | CUSIP: 912810QY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      590000 | PA      | $439826.56    | 0.09%             | 2042-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PARTNERS LP                                             | AMERIGAS PARTNERS LP                     | CUSIP: 030981AM6<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |      238000 | PA      | $240325.36    | 0.05%             | 2028-06-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PARTNERS LP                                             | AMERIGAS PARTNERS LP/AMERIGAS FINA       | CUSIP: 030981AP9<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |       81000 | PA      | $81816.11     | 0.02%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                              | ELEVANCE HEALTH INC                      | CUSIP: 036752BD4<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |       90000 | PA      | $89477.52     | 0.02%             | 2035-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AON CORP                                                         | AON CORP                                 | CUSIP: 037389BE2<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |      230000 | PA      | $210746.96    | 0.04%             | 2030-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                             | ARAMARK SERVICES INC TLB7 2.0            | CUSIP: 03852JAU5<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |       64000 | PA      | $64080.00     | 0.01%             | 2028-04-06      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                             | ARAMARK SERVICES INC TLB8 2.0            | CUSIP: 03852JAV3<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |      274666 | PA      | $274723.82    | 0.06%             | 2030-06-22      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| ARDAGH PACKAGING FINANCE PLC                                     | ARDAGH PACKAGING FIN PLC/HLDGS USA       | CUSIP: 03969AAN0<br>LEI: 6354001JXMLKNZDZR978 | Long             | DBT              | CORP              | IE        |       60000 | PA      | $54545.17     | 0.01%             | 2026-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ARDAGH PACKAGING FINANCE PLC                                     | ARDAGH PACKAGING FIN PLC/HLDGS USA       | CUSIP: 03969AAP5<br>LEI: 6354001JXMLKNZDZR978 | Long             | DBT              | CORP              | IE        |       20000 | PA      | $9084.40      | 0.00%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARDAGH PACKAGING FINANCE PLC                                     | ARDAGH PACKAGING FIN PLC/HLDGS USA       | CUSIP: 03969AAR1<br>LEI: 6354001JXMLKNZDZR978 | Long             | DBT              | CORP              | IE        |      206000 | PA      | $93832.82     | 0.02%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIS WATER HOLDINGS LLC                                          | ARIS WATER HOLDINGS LLC                  | CUSIP: 04041NAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |      105000 | PA      | $105724.96    | 0.02%             | 2030-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE COMPANY                                   | ARIZONA PUBLIC SERVICE COMPANY           | CUSIP: 040555DH4<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |      545000 | PA      | $552698.87    | 0.11%             | 2034-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_19-1                                  | ARRW_19-1                                | CUSIP: 042859AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       36954 | PA      | $35727.82     | 0.01%             | 2049-01-25      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                                              | ARTERA SERVICES LLC                      | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |      120000 | PA      | $102553.91    | 0.02%             | 2031-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AUTONATION FINANCE TRUST DRVPNK _25-1                            | AUTONATION FINANCE TRUST DRVPNK _2       | CUSIP: 05330QAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      105000 | PA      | $105372.40    | 0.02%             | 2030-12-10      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| AUTONATION FINANCE TRUST DRVPNK_25-1                             | DRVPNK_ 25-1A                            | CUSIP: 05330QAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       65000 | PA      | $65228.30     | 0.01%             | 2032-09-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_24-2A                       | AESOP_24-2A                              | CUSIP: 05377RKK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      365000 | PA      | $365435.23    | 0.08%             | 2028-10-20      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LTD                                      | AVOLON HOLDINGS FUNDING LTD              | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |      399000 | PA      | $375750.79    | 0.08%             | 2027-11-18      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| BANC OF AMERICA MERRILL LYNCH LARGE LOAN INC BAMLL_18-PARK       | BAMLL_18-PARK                            | CUSIP: 05491YAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       95000 | PA      | $91761.56     | 0.02%             | 2038-08-10      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| BGME TRUST BGME_21-VR                                            | BGME_21-VR                               | CUSIP: 05551XAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      425000 | PA      | $317240.83    | 0.07%             | 2043-01-10      | Variable      | 2.99%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST BFLD_21-FPM                                           | BFLD_21-FPM                              | CUSIP: 05554BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      288000 | PA      | $288000.00    | 0.06%             | 2038-06-15      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                   | BNP PARIBAS SA                           | CUSIP: 05602XJC3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |      500000 | PA      | $502882.85    | 0.10%             | N/A             | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_22-PSB                           | BX_22-PSB                                | CUSIP: 05606DAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      294000 | PA      | $293816.26    | 0.06%             | 2039-08-15      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| BX TRUST BX_19-OC11                                              | BX_19-OC11                               | CUSIP: 05606FAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      225000 | PA      | $207929.16    | 0.04%             | 2041-12-09      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BXP TRUST BXP_17-GM                                              | BXP_17-GM                                | CUSIP: 056083AL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      630000 | PA      | $594736.70    | 0.12%             | 2039-06-13      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| BX TRUST BX_25-TAIL                                              | BX_25-TAIL                               | CUSIP: 123912AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      315000 | PA      | $315000.00    | 0.07%             | 2035-06-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_24-AIRC                          | BX_24-AIRC                               | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      436824 | PA      | $438325.37    | 0.09%             | 2039-08-15      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| BX TRUST BX_25-SPOT                                              | BX_25-SPOT                               | CUSIP: 12433FAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      475000 | PA      | $472001.55    | 0.10%             | 2040-04-15      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| BX TRUST BX_25-VLT6                                              | BX_25-VLT6                               | CUSIP: 12433KAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      406000 | PA      | $402952.16    | 0.08%             | 2042-03-15      | Variable      | 7.52%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-CIP                           | BX_21-CIP                                | CUSIP: 12434FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      373849 | PA      | $373148.21    | 0.08%             | 2038-12-15      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| CAMB COMMERCIAL MORTGAGE TRUST CAMB_19-LIFE                      | CAMB_19-LIFE                             | CUSIP: 12482HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      330000 | PA      | $329796.82    | 0.07%             | 2037-12-15      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP                | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       15000 | PA      | $14321.27     | 0.00%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP                | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      110000 | PA      | $100699.48    | 0.02%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CDW LLC                                                          | CDW LLC/CDW FINANCE CORP                 | CUSIP: 12513GBJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      120000 | PA      | $108894.09    | 0.02%             | 2031-12-01      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| CENTURITY 2023 CITY TRUST CENT_23-CITY                           | CENT_23-CITY                             | CUSIP: 12516WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      520000 | PA      | $519999.69    | 0.11%             | 2038-09-15      | Variable      | 7.48%                 | No            |                  2 | On Loan: No      |
| CIFC FUNDING LTD CIFC_23-2                                       | CIFC_23-2A                               | CUSIP: 125488AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      450000 | PA      | $452488.95    | 0.09%             | 2037-01-21      | Variable      | 6.87%                 | No            |                  2 | On Loan: No      |
| CIM TRUST CIM_20-R6                                              | CIM_20-R6                                | CUSIP: 12560YAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      639049 | PA      | $553859.64    | 0.12%             | 2060-12-25      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| CIM TRUST CIM_21-R3                                              | CIM_21-R3                                | CUSIP: 12566LAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      858041 | PA      | $778908.01    | 0.16%             | 2057-06-25      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| CIM TRUST CIM_23-R3                                              | CIM_23-R3                                | CUSIP: 12570GAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      504008 | PA      | $470738.73    | 0.10%             | 2063-01-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| CIM TRUST CIM_25-R1                                              | CIM_25-R1                                | CUSIP: 12575LAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      620562 | PA      | $609232.58    | 0.13%             | 2099-02-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                                                  | CMS ENERGY CORPORATION                   | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |      140000 | PA      | $138184.04    | 0.03%             | 2055-06-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                                                | CPPIB CAPITAL INC                        | CUSIP: 12593CAR2<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | NUSS              | CA        |      155000 | PA      | $105906.78    | 0.02%             | 2031-12-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_20-SBX                                  | COMM_20-SBX                              | CUSIP: 12598EAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    11501000 | PA      | $18256.69     | 0.00%             | 2038-01-10      | Variable      | 0.58%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_12-CR4                                  | COMM_12-CR4                              | CUSIP: 12624QAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      672393 | PA      | $10884.71     | 0.00%             | 2045-10-15      | Variable      | 1.14%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                         | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      136000 | PA      | $108568.48    | 0.02%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                         | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |       36000 | PA      | $18382.47     | 0.00%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                         | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |       55000 | PA      | $25413.74     | 0.01%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                         | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      307000 | PA      | $287988.46    | 0.06%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| CSAIL_15-C3                                                      | CSAIL_15-C3                              | CUSIP: 12635FAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4249112 | PA      | $69.69        | 0.00%             | 2048-08-15      | Variable      | 0.52%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_16-787S                                 | COMM_16-787S                             | CUSIP: 12635WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $492325.75    | 0.10%             | 2036-02-10      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_19-NQM1                        | CSMC_19-NQM1                             | CUSIP: 12655VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |        6895 | PA      | $6778.39      | 0.00%             | 2059-10-25      | Variable      | 2.66%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_21-B33                         | CSMC_21-B33                              | CUSIP: 12658WAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      423000 | PA      | $368714.13    | 0.08%             | 2043-10-10      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_21-RPL4                        | CSMC_21-RPL4                             | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1062070 | PA      | $1064746.48   | 0.22%             | 2060-12-27      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS HEALTH CORP                          | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |       35000 | PA      | $31109.74     | 0.01%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS HEALTH CORP                          | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      185000 | PA      | $154238.45    | 0.03%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS HEALTH CORP                          | CUSIP: 126650DZ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      109000 | PA      | $100317.60    | 0.02%             | 2053-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS HEALTH CORP                          | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      305000 | PA      | $307123.09    | 0.06%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| CWL_04-10                                                        | CWL_04-10                                | CUSIP: 126673JW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      712973 | PA      | $648592.85    | 0.13%             | 2034-12-25      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| CWALT_05-43                                                      | CWALT_05-43                              | CUSIP: 12667G5U3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      154350 | PA      | $131707.07    | 0.03%             | 2035-10-25      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TRUST CWALT_05-59                   | CWALT_05-59                              | CUSIP: 12668AEV3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      607838 | PA      | $594035.41    | 0.12%             | 2035-11-20      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERTIFICATES CWL_07-13                  | CWL_07-13                                | CUSIP: 126698AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      115688 | PA      | $106838.65    | 0.02%             | 2047-10-25      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERTIFICATES CWL_07-13                  | CWL_07-13                                | CUSIP: 126698AD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      304295 | PA      | $282427.30    | 0.06%             | 2047-10-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                                    | CABLE ONE INC                            | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |       75000 | PA      | $58146.43     | 0.01%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CACI INTL INC                                                    | CACI INTERNATIONAL INC                   | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |      215000 | PA      | $219146.23    | 0.05%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                        | CAESARS ENTERTAINMENT INC                | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |       30000 | PA      | $30249.19     | 0.01%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CANADA (GOVERNMENT OF)                                           | CANADA (GOVERNMENT OF)                   | CUSIP: 135087L44<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |      100000 | PA      | $64101.48     | 0.01%             | 2030-12-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE REALTY HOLDINGS LP                                    | HEALTHCARE TRUST OF AMERICA HLDGS        | CUSIP: 42225UAG9<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |       10000 | PA      | $9165.47      | 0.00%             | 2030-02-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE REALTY HOLDINGS LP                                    | HEALTHCARE REALTY HOLDINGS LP            | CUSIP: 42225UAK0<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |       63000 | PA      | $61105.73     | 0.01%             | 2028-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE REALTY HOLDINGS LP                                    | HEALTHCARE TRUST OF AMERICA HLDGS        | CUSIP: 42225UAM6<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |       16000 | PA      | $13150.34     | 0.00%             | 2031-03-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                             | H.J. HEINZ FINANCE COMPANY               | CUSIP: 42307TAH1<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |      240000 | PA      | $264202.58    | 0.05%             | 2039-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFTWARE HOLDINGS INC                                     | HELIOS SOFTWARE HOLDINGS/ION CORP        | CUSIP: 42329HAB4<br>LEI: 2138002XO5EAYFHPPT53 | Long             | DBT              | CORP              | US        |      100000 | PA      | $101975.83    | 0.02%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                                  | HERTZ_23-1A                              | CUSIP: 42806MBU2<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-MBS          | CORP              | US        |      650000 | PA      | $653812.97    | 0.14%             | 2027-06-25      | Fixed         | 6.91%                 | No            |                  2 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE CO                                    | Hewlett Packard Enterprise Co            | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |        5750 | NS      | $294316.77    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                            | HILTON DOMESTIC OPERATING COMPANY        | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      351000 | PA      | $343878.30    | 0.07%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                            | HILTON DOMESTIC OPERATING CO             | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      383000 | PA      | $340761.85    | 0.07%             | 2032-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                            | HILTON WORLDWIDE FIN TLB4 2.0            | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |      360000 | PA      | $361072.80    | 0.08%             | 2030-11-08      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| HILTON USA TRUST HILT_16-HHV                                     | HILT_16-HHV                              | CUSIP: 43300LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      450000 | PA      | $431178.89    | 0.09%             | 2038-11-05      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| HEAT_05-2                                                        | HEAT_05-2                                | CUSIP: 437084JV9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      531233 | PA      | $525827.44    | 0.11%             | 2035-07-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST HPA_19-1                          | HPA_19-1                                 | CUSIP: 43731QAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       76218 | PA      | $72731.80     | 0.02%             | 2039-09-17      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| HOMEBANC MORTGAGE TRUST HMBT_05-3                                | HMBT_05-3                                | CUSIP: 43739EBP1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      620000 | PA      | $622045.50    | 0.13%             | 2035-07-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                         | HOST HOTELS & RESORTS LP                 | CUSIP: 44107TAY2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      155000 | PA      | $143490.17    | 0.03%             | 2029-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                         | HOST HOTELS & RESORTS LP                 | CUSIP: 44107TAZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      115000 | PA      | $104839.24    | 0.02%             | 2030-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                         | HOST HOTELS & RESORTS LP                 | CUSIP: 44107TBD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      305000 | PA      | $303428.69    | 0.06%             | 2032-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES LP                                     | HUDSON PACIFIC PROPERTIES LP             | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |      155000 | PA      | $112328.93    | 0.02%             | 2029-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES LP                                     | HUDSON PACIFIC PROPERTIES LP             | CUSIP: 44409MAC0<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |       65000 | PA      | $44031.63     | 0.01%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES LP                                     | HUDSON PACIFIC PROPERTIES LP             | CUSIP: 44409MAD8<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |        5000 | PA      | $4299.35      | 0.00%             | 2028-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HUDSON YARDS HY_19-55HY                                          | HY_19-55HY                               | CUSIP: 44421MAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       85000 | PA      | $71556.01     | 0.01%             | 2041-12-10      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                       | HUMANA INC                               | CUSIP: 444859CD2<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |      170000 | PA      | $166928.56    | 0.03%             | 2035-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES INC                                        | Huntington Bancshares Inc/OH             | CUSIP: 446150823<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |          25 | NS      | $427.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON AUTO TRUST HACLN_24-2                                 | HACLN_24-2                               | CUSIP: 44644NAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      369696 | PA      | $370868.06    | 0.08%             | 2032-10-20      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP                                             | ICAHN ENTERPRISES LP                     | CUSIP: 451102CF2<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |       85000 | PA      | $82247.29     | 0.02%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP                                             | ICAHN ENTERPRISES LP / ICAHN ENTER       | CUSIP: 451102CJ4<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |      250000 | PA      | $226532.00    | 0.05%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP                                             | ICAHN ENTERPRISES LP                     | CUSIP: 451102CK1<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |       16000 | PA      | $15600.84     | 0.00%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| IMM_04-8                                                         | IMM_04-8                                 | CUSIP: 45254NKR7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       21971 | PA      | $21919.69     | 0.00%             | 2034-10-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| IMPAC SECURED ASSETS CORP IMSA_06-5                              | IMSA_06-5                                | CUSIP: 45257EAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      445933 | PA      | $407219.17    | 0.08%             | 2037-02-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| SOUTH STATE CORP                                                 | SOUTH STATE CORP                         | CUSIP: 45384BAD8<br>LEI: 549300JZUANXM0YQ4W53 | Long             | DBT              | CORP              | US        |      140000 | PA      | $141510.92    | 0.03%             | 2034-08-15      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE CORP LTD                                  | INDIAN RAILWAY FINANCE CORP LTD          | CUSIP: 45434L2A1<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | NUSS              | IN        |      200000 | PA      | $185730.10    | 0.04%             | 2030-02-13      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: 455780CW4<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |      400000 | PA      | $257074.72    | 0.05%             | 2051-03-12      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| INDYMAC INDX MORTGAGE LOAN TRUST INDX_06-AR2                     | INDX_06-AR2                              | CUSIP: 45661EAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      610559 | PA      | $549327.57    | 0.11%             | 2046-04-25      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| INDYMAC INDX MORTGAGE LOAN TRUST INDX_06-AR2                     | INDX_06-AR2                              | CUSIP: 45661EAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      562840 | PA      | $506244.37    | 0.11%             | 2046-04-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                       | INTEL CORPORATION                        | CUSIP: 458140BU3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |       50000 | PA      | $42143.62     | 0.01%             | 2031-08-12      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                       | INTEL CORPORATION                        | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |       45000 | PA      | $40397.74     | 0.01%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL FLAVORS & FRAGRANCES INC                           | INTERNATIONAL FLAVORS & FRAGRANCES       | CUSIP: 459506AQ4<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |      455000 | PA      | $395199.12    | 0.08%             | 2030-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL FLAVORS & FRAGRANCES INC                           | INTERNATIONAL FLAVORS & FRAGRANCES       | CUSIP: 459506AR2<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |        5000 | PA      | $3559.04      | 0.00%             | 2040-11-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| INTOWN MORTGAGE TRUST TOWN_25-STAY                               | TOWN_25-STAY                             | CUSIP: 46117WAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      245000 | PA      | $243467.77    | 0.05%             | 2042-03-15      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| INTOWN MORTGAGE TRUST TOWN_25-STAY                               | TOWN_25-STAY                             | CUSIP: 46117WAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      105000 | PA      | $104540.17    | 0.02%             | 2042-03-15      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| INVESCO US CLO LTD INVCO_24-4                                    | INVCO_24-4                               | CUSIP: 46151DAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      600000 | PA      | $15043.20     | 0.00%             | 2038-01-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| WAMU_05-AR15                                                     | WAMU_05-AR15                             | CUSIP: 92922F5T1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      869484 | PA      | $830849.93    | 0.17%             | 2045-11-25      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| WAMU_05-AR8                                                      | WAMU_05-AR8                              | CUSIP: 92922FS41<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      283593 | PA      | $271880.17    | 0.06%             | 2045-07-25      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| WMG Acquisition                                                  | WMG ACQUISITION CORP                     | CUSIP: 92933BAR5<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |      655000 | PA      | $587387.76    | 0.12%             | 2031-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WMHE_07-HE1                                                      | WMHE_07-HE1                              | CUSIP: 933631AE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1022868 | PA      | $460068.53    | 0.10%             | 2037-01-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 3140QV3W2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      544064 | PA      | $554723.80    | 0.12%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 3140QVLG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      683565 | PA      | $681441.53    | 0.14%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 3140QVRE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      531479 | PA      | $529954.78    | 0.11%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 3140QVXA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      879507 | PA      | $879903.80    | 0.18%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 3140QVY81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      385408 | PA      | $382375.38    | 0.08%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER                     | CUSIP: 3140XCTQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      545071 | PA      | $443987.48    | 0.09%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                            | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      730000 | PA      | $755767.87    | 0.16%             | 2031-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                            | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      260000 | PA      | $257569.03    | 0.05%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC TL 2.5                     | CUSIP: 89364MCD4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |      149250 | PA      | $149150.00    | 0.03%             | 2032-01-19      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS LLC                                      | TRANSMONTAIGNE PARTNERS LLC              | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      100000 | PA      | $102455.62    | 0.02%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER                     | CUSIP: 3140XLPD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1472069 | PA      | $1201376.47   | 0.25%             | 2053-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER                     | CUSIP: 3140XNWP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      964118 | PA      | $885288.29    | 0.18%             | 2053-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 31418EGJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      287553 | PA      | $264039.81    | 0.05%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 31418ES35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1760282 | PA      | $1663559.28   | 0.35%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY BOND                            | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2760000 | PA      | $1987200.00   | 0.41%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY BOND                            | CUSIP: 912810SL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      620000 | PA      | $354950.00    | 0.07%             | 2050-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                           | CUSIP: 31418EU73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1386165 | PA      | $1309422.52   | 0.27%             | 2053-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FANNIEMAE STRIP FNMA_426                                         | FNMA_426                                 | CUSIP: 31422M2C9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |      575698 | PA      | $76430.07     | 0.02%             | 2051-06-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY BOND                            | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      175000 | PA      | $124632.81    | 0.03%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY BOND                            | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       95000 | PA      | $66989.84     | 0.01%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FANNIEMAE STRIP FNMA_426                                         | FNMA_24-426                              | CUSIP: 31422M2E5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     1408206 | PA      | $180861.10    | 0.04%             | 2050-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FANNIEMAE STRIP FNMA_434                                         | FNMA_434                                 | CUSIP: 31423XZ61<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     3333139 | PA      | $438181.29    | 0.09%             | 2052-10-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FANNIEMAE STRIP FNSTR_436                                        | FNSTR_436                                | CUSIP: 31424UGV2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     1099962 | PA      | $142619.12    | 0.03%             | 2052-10-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS                          | CUSIP: 31425XAK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      790929 | PA      | $799312.49    | 0.17%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS                          | CUSIP: 3142GT3M6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      540179 | PA      | $550770.03    | 0.11%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS                          | CUSIP: 3142GTBV7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      395178 | PA      | $400926.65    | 0.08%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS                          | CUSIP: 3142GTT97<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      401826 | PA      | $401133.23    | 0.08%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP                                                    | FERRELLGAS ESCROW LLC                    | CUSIP: 315289AA6<br>LEI: 549300EW667UKOZLEW85 | Long             | DBT              | CORP              | US        |      200000 | PA      | $197054.43    | 0.04%             | 2026-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP                                                    | FERRELLGAS LP/FERRELLGAS FIN             | CUSIP: 315289AC2<br>LEI: 549300EW667UKOZLEW85 | Long             | DBT              | CORP              | US        |      219000 | PA      | $198391.20    | 0.04%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FIRST BUSEY CORPORATION                                          | First Busey Corp                         | CUSIP: 319383600<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EP               | CORP              | US        |       12125 | NS      | $302215.63    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARES INC                                    | FIRST CITIZENS BANCSHARES INC            | CUSIP: 31959XAF0<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |      395000 | PA      | $382374.62    | 0.08%             | 2040-03-12      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| FFML_06-FF9                                                      | FFML_06-FF9                              | CUSIP: 320276AF5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1200000 | PA      | $1095848.16   | 0.23%             | 2036-06-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON CORP                                               | FIRST HORIZON CORP                       | CUSIP: 320517AE5<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | DBT              | CORP              | US        |      455000 | PA      | $457676.22    | 0.10%             | 2031-03-07      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES TRUST FKH_21-SFR2                                 | FKH_21-SFR2                              | CUSIP: 33767TAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      850000 | PA      | $809193.88    | 0.17%             | 2038-09-17      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES TRUST FKH_21-SFR3                                 | FKH_21-SFR3                              | CUSIP: 33768JAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      820000 | PA      | $783100.57    | 0.16%             | 2038-12-17      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| FIVE STAR BANCORP                                                | FIVE STAR BANCORP                        | CUSIP: 33830TAC7<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | DBT              | CORP              | US        |       95000 | PA      | $89847.06     | 0.02%             | 2032-09-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| FLAGSTAR MORTGAGE TRUST FSMT_21-5INV                             | FSMT_21-5INV                             | CUSIP: 33851PAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      966991 | PA      | $856859.86    | 0.18%             | 2051-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| FLEXENTIAL ISSUER LLC FLX_21-1                                   | FLX_21-1A                                | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      430000 | PA      | $412941.69    | 0.09%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                               | FORD MOTOR COMPANY                       | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     1740000 | PA      | $1436103.03   | 0.30%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT COMPANY LLC            | CUSIP: 345397B51<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      200000 | PA      | $185145.73    | 0.04%             | 2028-02-16      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                             | FORTREA HOLDINGS INC                     | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |      235000 | PA      | $195756.28    | 0.04%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                            | FOUNDRY JV HOLDCO LLC                    | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |       60000 | PA      | $60781.14     | 0.01%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-HQA3                      | STACR_22-HQA3                            | CUSIP: 35564KE47<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      130000 | PA      | $136196.84    | 0.03%             | 2042-08-25      | Variable      | 7.87%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-DNA6                      | STACR_22-DNA6                            | CUSIP: 35564KH36<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      182944 | PA      | $184584.51    | 0.04%             | 2042-09-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-DNA7                      | STACR_22-DNA7                            | CUSIP: 35564KL31<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       62407 | PA      | $63212.86     | 0.01%             | 2052-03-25      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-HQA1                      | STACR_22-HQA1                            | CUSIP: 35564KTB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      280000 | PA      | $290917.73    | 0.06%             | 2042-03-25      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_22-DNA3                      | STACR_22-DNA3                            | CUSIP: 35564KUW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       77350 | PA      | $78341.62     | 0.02%             | 2042-04-25      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_22-DNA4                      | STACR_22-DNA4                            | CUSIP: 35564KWS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      236879 | PA      | $240701.30    | 0.05%             | 2042-05-25      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_22-DNA4                      | STACR_22-DNA4                            | CUSIP: 35564KWT2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      285000 | PA      | $296154.22    | 0.06%             | 2042-05-25      | Variable      | 7.67%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_24-HQA1                      | STACR_24-HQA1                            | CUSIP: 35564NCA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      670000 | PA      | $675288.24    | 0.14%             | 2044-03-25      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_25-HQA1                      | STACR_25-HQA1                            | CUSIP: 35564NGZ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      306800 | PA      | $307017.64    | 0.06%             | 2045-02-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_25-HQA1                      | STACR_25-HQA1                            | CUSIP: 35564NHA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      260000 | PA      | $260190.53    | 0.05%             | 2045-02-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                             | FRONTIER COMMUNICATIONS HOLDINGS         | CUSIP: 35908MAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      391000 | PA      | $416557.08    | 0.09%             | 2031-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ANGELO GORDON MORTGAGE TRUST GCAT_19-RPL1                        | GCAT_19-RPL1                             | CUSIP: 36167CAF3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      700000 | PA      | $590209.34    | 0.12%             | 2068-10-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| GCAT TRUST GCAT_22-NQM4                                          | GCAT_22-NQM4                             | CUSIP: 36170HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      153184 | PA      | $152172.29    | 0.03%             | 2067-08-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LIMITED                                             | GGAM FINANCE LTD                         | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |      260000 | PA      | $267436.76    | 0.06%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR                               | CUSIP: 36179XDD5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      164724 | PA      | $151535.46    | 0.03%             | 2052-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR                               | CUSIP: 36179XFH4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      134596 | PA      | $127799.54    | 0.03%             | 2052-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR                               | CUSIP: 36179XHX7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      192577 | PA      | $177158.33    | 0.04%             | 2052-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR                               | CUSIP: 36179XLF1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      194019 | PA      | $178276.14    | 0.04%             | 2052-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR                               | CUSIP: 36179XLG9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      957608 | PA      | $908667.48    | 0.19%             | 2052-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR                               | CUSIP: 36179XNE2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      385135 | PA      | $365333.08    | 0.08%             | 2052-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR                               | CUSIP: 36180AB85<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      836271 | PA      | $789377.88    | 0.16%             | 2054-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP                                                   | GLP CAPITAL LP / GLP FIN II INC          | CUSIP: 361841AH2<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |       90000 | PA      | $89826.52     | 0.02%             | 2026-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP                                                   | GLP CAPITAL LP / GLP FIN II INC          | CUSIP: 361841AK5<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |       80000 | PA      | $81469.42     | 0.02%             | 2028-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP                                                   | GLP CAPITAL LP / GLP FINANCING II        | CUSIP: 361841AL3<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |       20000 | PA      | $20045.67     | 0.00%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP                                                   | GLP CAPITAL LP / GLP FINANCING II        | CUSIP: 361841AQ2<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |      105000 | PA      | $97602.66     | 0.02%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GMACM_06-AR1                                                     | GMACM_06-AR1                             | CUSIP: 36185MDN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      370194 | PA      | $306775.69    | 0.06%             | 2036-04-19      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST GSAMP_07-FM2                                         | GSAMP_07-FM2                             | CUSIP: 3622MHAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      699827 | PA      | $422961.04    | 0.09%             | 2037-01-25      | Variable      | 4.58%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST GSAMP_05-WMC3                                        | GSAMP_05-WMC3                            | CUSIP: 362341L56<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      463530 | PA      | $455671.15    | 0.09%             | 2035-12-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSM                                 | GSMS_15-GS1                              | CUSIP: 36252AAG1<br>LEI: 549300WZ62L3Y22NOZ64 | Long             | ABS-MBS          | CORP              | US        |      475000 | PA      | $459595.85    | 0.10%             | 2048-11-10      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | DAX INDEX JUN 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | DE        |           2 | NC      | $-3352.23     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | COPPER SEP 25                            | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |           1 | NC      | $-4614.20     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| QATARENERGY                                                      | QATAR PETROLEUM                          | CUSIP: 74730DAC7<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | NUSS              | QA        |      465000 | PA      | $405113.65    | 0.08%             | 2031-07-12      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| QUEBEC (PROVINCE OF)                                             | PROVINCE OF QUEBEC                       | CUSIP: 748148SE4<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |      436000 | PA      | $430501.94    | 0.09%             | 2033-09-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                            | QUIKRETE HOLDINGS INC                    | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |      150000 | PA      | $152381.70    | 0.03%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                            | QUIKRETE HOLDINGS INC                    | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |      189000 | PA      | $191732.44    | 0.04%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS INC RALI_07-QH6                       | RALI_07-QH6                              | CUSIP: 74922AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      240867 | PA      | $223173.00    | 0.05%             | 2037-07-25      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS RALI_06-QA6                           | RALI_06-QA6                              | CUSIP: 74922MAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      248413 | PA      | $226244.99    | 0.05%             | 2036-07-25      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| RAD CLO LTD RAD_23-22                                            | RAD_23-22A                               | CUSIP: 74923VAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      250000 | PA      | $252754.75    | 0.05%             | 2037-01-20      | Variable      | 9.27%                 | No            |                  2 | On Loan: No      |
| RASC_07-KS1                                                      | RASC_07-KS1                              | CUSIP: 74924SAD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      967907 | PA      | $938515.07    | 0.20%             | 2037-01-25      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| RAD CLO LTD RAD_20-7A                                            | RAD_20-7A                                | CUSIP: 74936GAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      500000 | PA      | $500762.50    | 0.10%             | 2036-04-17      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST RCKT_24-CES8                                 | RCKT_24-CES8                             | CUSIP: 749421AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      670000 | PA      | $666929.86    | 0.14%             | 2044-11-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST RCKT_24-CES3                                 | RCKT_24-CES3                             | CUSIP: 74942AAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      570000 | PA      | $574982.71    | 0.12%             | 2044-05-25      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL FUNDING MORTGAGE SEC I RFMSI_06-S10                  | RFMSI_06-S10                             | CUSIP: 74958DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      457882 | PA      | $368257.53    | 0.08%             | 2036-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROCC TRUST ROCC_24-CNTR                                          | ROCC_24-CNTR                             | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      570000 | PA      | $595401.37    | 0.12%             | 2041-11-13      | Fixed         | 8.82%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS INC R                                 | RALI_06-QO10                             | CUSIP: 751153AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      505225 | PA      | $450010.28    | 0.09%             | 2037-01-25      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS INC RALI_07-QO1                       | RALI_07-QO1                              | CUSIP: 75115YAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      758199 | PA      | $678054.63    | 0.14%             | 2047-02-25      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET MORTGAGE PRODU                                 | RAMP_06-RZ2                              | CUSIP: 75156UAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      335943 | PA      | $332699.45    | 0.07%             | 2036-05-25      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDINGS LLC                                   | RAVEN ACQUISITION HOLDINGS LLC           | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      100000 | PA      | $99731.65     | 0.02%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REDE DOR FINANCE SARL                                            | REDE DOR FINANCE SARL                    | CUSIP: 75735GAA6<br>LEI: 549300FDE772OLJUCP79 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $187882.22    | 0.04%             | 2030-01-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                                                | RENT-A-CENTER INC/TX                     | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |      225000 | PA      | $215332.85    | 0.04%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| URUGUAY (ORIENTAL REPUBLIC OF)                                   | URUGUAY (ORIENTAL REPUBLIC OF)           | CUSIP: 760942BH4<br>LEI: N/A                  | Long             | DBT              | NUSS              | UY        |      100000 | PA      | $100671.19    | 0.02%             | 2037-02-14      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| RESOLUTE FOREST PRODUCTS                                         | RESOLUTE FOREST PRODUCTS INC - RTS       | CUSIP: 761CVR042<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       76222 | NS      | $114333.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RIDE_25-SHRE                                                     | RIDE_25-SHRE                             | CUSIP: 765692AG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      400000 | PA      | $402457.60    | 0.08%             | 2035-02-14      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| ROCKT_17-3C                                                      | ROCKT_17-3A                              | CUSIP: 77341DAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      450000 | PA      | $450470.70    | 0.09%             | 2030-10-20      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | NY HARBOR ULSD (HEAT OIL) JUL 25         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |           2 | NC      | $-6395.82     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | NY HARBOR ULSD (HEAT OIL) JUL 25         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |          -5 | NC      | $-2993.88     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                      | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      105000 | PA      | $90958.94     | 0.02%             | 2032-11-08      | Variable      | 2.54%                 | No            |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO LTD ROCKT_21-1A                               | ROCKT_21-1A                              | CUSIP: 77341KAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      448279 | PA      | $448605.80    | 0.09%             | 2034-07-20      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| ROLLINS INC                                                      | ROLLINS INC.                             | CUSIP: 775711AA2<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |      315000 | PA      | $312395.05    | 0.06%             | 2035-02-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                      | CUSIP: 46647PDA1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |       90000 | PA      | $89578.59     | 0.02%             | 2028-04-26      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                      | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      195000 | PA      | $201675.60    | 0.04%             | 2035-04-22      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                      | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      120000 | PA      | $116543.99    | 0.02%             | 2035-10-22      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST JPMCC_19-OSB | JPMCC_19-OSB                             | CUSIP: 46651EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      375000 | PA      | $348162.34    | 0.07%             | 2039-06-05      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA                     | CUSIP: 780082AR4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |      610000 | PA      | $633880.93    | 0.13%             | 2084-05-02      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA                     | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |      515000 | PA      | $482527.56    | 0.10%             | 2084-11-24      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST JPMMT_25-CES1                           | JPMMT_25-CES1                            | CUSIP: 46658XAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      530000 | PA      | $533852.04    | 0.11%             | 2055-05-25      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                            | JANE STREET GROUP/JSG FINANCE INC        | CUSIP: 47077WAA6<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |       95000 | PA      | $91540.83     | 0.02%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA                     | CUSIP: 780086UF9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |      800000 | PA      | $518424.85    | 0.11%             | N/A             | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                      | ROYAL CARIBBEAN CRUISES LTD              | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |      575000 | PA      | $577235.01    | 0.12%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                            | JANE STREET GROUP LLC                    | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |       80000 | PA      | $83551.77     | 0.02%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                            | JANE STREET GROUP LLC                    | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |       30000 | PA      | $30043.43     | 0.01%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                         | JBS USA HOLDING LUX SARL                 | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |       82000 | PA      | $88093.30     | 0.02%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JERSEY MIKES FUNDING LLC JMIKE_24-1                              | JMIKE_24-1                               | CUSIP: 476681AD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      354112 | PA      | $350500.38    | 0.07%             | 2055-02-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                  | SBA TOWER TRUST                          | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      240000 | PA      | $244751.18    | 0.05%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                          | SBA COMMUNICATIONS CORP                  | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |      570000 | PA      | $558843.40    | 0.12%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP                                             | JETBLUE AIRWAYS CORPORATION              | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |      345000 | PA      | $341421.92    | 0.07%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORPORATION 2020-1 PASS THROUGH TRUST JBLU_20-1  | JETBLUE 2020-1 CLASS A PT                | CUSIP: 477164AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      282213 | PA      | $258863.86    | 0.05%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                          | SBA COMMUNICATIONS CORP                  | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |      475000 | PA      | $441529.38    | 0.09%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SFAVE COMMERCIAL MORTGAGE SECURITIES SFAVE_15-5AVE               | SFAVE_15-5AVE                            | CUSIP: 78413MAC2<br>LEI: 549300FIGODFFTOAAU64 | Long             | ABS-MBS          | CORP              | US        |      425000 | PA      | $357981.67    | 0.07%             | 2043-01-05      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                      | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |       85000 | PA      | $82982.87     | 0.02%             | N/A             | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Kedrion                                                          | KEVLAR SPA                               | CUSIP: 49272YAB9<br>LEI: 81560047FA58E1BEDF67 | Long             | DBT              | CORP              | IT        |      161000 | PA      | $154586.81    | 0.03%             | 2029-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | RAPESEED AUG 25                          | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | FR        |          13 | NC      | $-7536.34     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | RAPESEED NOV 25                          | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | FR        |           5 | NC      | $-3408.52     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SFAVE COMMERCIAL MORTGAGE SECURITIES SFAVE_15-5AVE               | SFAVE_15-5AVE                            | CUSIP: 78413MAE8<br>LEI: 549300FIGODFFTOAAU64 | Long             | ABS-MBS          | CORP              | US        |       35000 | PA      | $29543.72     | 0.01%             | 2043-01-05      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| SFAVE COMMERCIAL MORTGAGE SECURITIES SFAVE_15-5AVE               | SFAVE_15-5AVE                            | CUSIP: 78413MAN8<br>LEI: 549300FIGODFFTOAAU64 | Long             | ABS-MBS          | CORP              | US        |      345000 | PA      | $277418.67    | 0.06%             | 2043-01-05      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | EURO-BTP (ITALY GOVT) JUN 25             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | DE        |          73 | NC      | $95625.57     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | EURO-BTP (ITALY GOVT) JUN 25             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | DE        |          18 | NC      | $20016.54     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | EURO-BTP (ITALY GOVT) JUN 25             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | DE        |         -16 | NC      | $-31427.32    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                                              | EURO-BTP (ITALY GOVT) JUN 25             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | DE        |          -2 | NC      | $-3596.95     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SG CAPITAL PARTNERS SGR_21-2                                     | SGR_21-2                                 | CUSIP: 78432YAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      768291 | PA      | $655053.46    | 0.14%             | 2061-12-25      | Variable      | 1.74%                 | No            |                  2 | On Loan: No      |
| SLM STUDENT LOAN TRUST 2004-10                                   | SLMA_04-10                               | CUSIP: 78442GND4<br>LEI: 54930060UIG70QCSNY68 | Long             | ABS-MBS          | CORP              | US        |      212145 | PA      | $200519.24    | 0.04%             | 2040-01-25      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | KL COMPOSITE INDX JUN 25                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | MY        |          -1 | NC      | $233.58       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | 90 D AUD BANK BILL RATE JUN 26           | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | AU        |          20 | NC      | $6682.68      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | NY HARBOR ULSD (HEAT OIL) AUG 25         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |           1 | NC      | $-3143.31     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | NY HARBOR ULSD (HEAT OIL) SEP 25         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -4 | NC      | $12647.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | 90 D AUD BANK BILL RATE SEP 25           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | AU        |          56 | NC      | $-18093.46    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | EMINI FINANCIAL SELECT SECTOR JUN        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |           1 | NC      | $-138.98      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | E-MINI HEALTH CARE SECTOR JUN 25         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |          -1 | NC      | $2618.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | E-MINI MATERIALS SELECT SECTOR JUN       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |          -1 | NC      | $-8821.48     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | NY HARBOR ULSD (HEAT OIL) OCT 25         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -5 | NC      | $14926.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | NY HARBOR ULSD (HEAT OIL) DEC 25         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -6 | NC      | $17629.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | EMINI ENERGY SELECT SECTOR JUN 25        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |          -1 | NC      | $-3371.48     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | PLATINUM TCOM FEB 26                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | JP        |           1 | NC      | $-5.37        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC                                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |      226974 | OU      | $-8727.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC                                                             | NORWAY KRONA                             | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | NO        |     8829060 | OU      | $14503.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | PLATINUM TCOM APR 26                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | JP        |           6 | NC      | $-51.36       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | JPN 10YR BOND (OSE) JUN 25               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | JP        |          -7 | NC      | $84819.42     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC                                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |      206755 | OU      | $2413.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC                                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |     1373056 | OU      | $-8473.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | GOLD TCOM FUTURE FEB 26                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | JP        |           4 | NC      | $3110.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | GOLD TCOM FUTURE APR 26                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | JP        |           9 | NC      | $-7814.53     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | IFSC NIFTY 50 JUN 25                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | IN        |          29 | NC      | $-6301.91     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | IFSC NIFTY 50 JUN 25                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | IN        |           9 | NC      | $-1514.35     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC                                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |     1521860 | OU      | $-69531.42    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SLMA_08-2                                                        | SLMA_08-2                                | CUSIP: 784442AD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      740000 | PA      | $755467.63    | 0.16%             | 2083-01-25      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| SLMA_08-4                                                        | SLMA_08-4                                | CUSIP: 78445AAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      117000 | PA      | $117270.95    | 0.02%             | 2026-07-25      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| SLM STUDENT LOAN TRUST SLMA_08-7                                 | SLMA_08-7                                | CUSIP: 78445FAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $504479.00    | 0.10%             | 2083-07-26      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| SLMA_12-1                                                        | SLMA_12-1                                | CUSIP: 78446WAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      227520 | PA      | $223505.19    | 0.05%             | 2028-09-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| SLM STUDENT LOAN TRUST SLMA_12-7                                 | SLMA_12-7                                | CUSIP: 78447KAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      550000 | PA      | $539273.74    | 0.11%             | 2043-09-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| STORAGEMART COMMERCIAL MORTGAGE TRUST SMRT_22-MINI               | SMRT_22-MINI                             | CUSIP: 78457JAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      350000 | PA      | $346504.10    | 0.07%             | 2039-01-15      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| STORAGEMART COMMERCIAL MORTGAGE TRUST SMRT_22-MINI               | SMRT_22-MINI                             | CUSIP: 78457JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      430000 | PA      | $422475.00    | 0.09%             | 2039-01-15      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| STORAGEMART COMMERCIAL MORTGAGE TRUST SMRT_22-MINI               | SMRT_22-MINI                             | CUSIP: 78457JAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      350000 | PA      | $340386.03    | 0.07%             | 2039-01-15      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| SWCH COMMERCIAL MORTGAGE TRUST SWCH_25-DATA                      | SWCH_25-DATA                             | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      625000 | PA      | $617751.33    | 0.13%             | 2042-03-15      | Variable      | 7.65%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                   | SABRE GLBL INC                           | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |       40000 | PA      | $40804.46     | 0.01%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HOLDINGS PLC                                  | SANTANDER UK GROUP HOLDINGS PLC          | CUSIP: 80281LAQ8<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |      110000 | PA      | $106290.17    | 0.02%             | 2027-06-14      | Variable      | 1.67%                 | No            |                  2 | On Loan: No      |
| SAXON ASSET SECURITIES TRUST 2007 SAST_07-2                      | SAST_07-2                                | CUSIP: 80556YAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      517706 | PA      | $373630.61    | 0.08%             | 2047-05-25      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| SCOTT 2023-SFS SCOTT_23-SFS                                      | SCOTT_23-SFS                             | CUSIP: 810064AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      100000 | PA      | $100873.28    | 0.02%             | 2040-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORPORATION                                           | SEALED AIR CORPORATION                   | CUSIP: 81211KAX8<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |      357000 | PA      | $356968.70    | 0.07%             | 2025-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORPORATION                                           | SEALED AIR CORPORATION                   | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |      175000 | PA      | $172129.33    | 0.04%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                           | SEMPRA                                   | CUSIP: 816851BV0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |      310000 | PA      | $290236.98    | 0.06%             | 2055-04-01      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| QXO INC                                                          | QXO Inc                                  | CUSIP: 82846H504<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       13350 | NS      | $687658.50    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP INC                                    | SINCLAIR TELEVISION GROUP INC            | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |       65000 | PA      | $65064.81     | 0.01%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                       | GRIFOLS SA                               | CUSIP: E5706XAS7<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |      296000 | PA      | $352939.58    | 0.07%             | 2030-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | EUR/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          20 | NC      | $10077.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | EUR/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          33 | NC      | $-6382.67     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | CRUDE OIL EMINI JUL 25                   | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -6 | NC      | $6459.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | SIRIUS XM RADIO INC                      | CUSIP: 82967NBA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      330000 | PA      | $326707.72    | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | SIRIUS XM RADIO INC                      | CUSIP: 82967NBG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      635000 | PA      | $577405.37    | 0.12%             | 2030-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | WTI CRUDE JUL 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | GB        |          -5 | NC      | $6674.99      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | WTI CRUDE AUG 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | GB        |          -3 | NC      | $6307.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | WTI CRUDE SEP 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | GB        |          -1 | NC      | $648.98       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | WTI CRUDE OCT 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | GB        |          -3 | NC      | $7336.97      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | E-MINI NATURAL GAS JUL 25                | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          -1 | NC      | $394.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | MAIZE FUTURE AUG 25                      | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | FR        |          -4 | NC      | $576.66       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | 3MO EURO EURIBOR MAR 26                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | GB        |          56 | NC      | $49250.38     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | 3MO EURO EURIBOR JUN 26                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | GB        |         130 | NC      | $25150.43     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | 3MO EURO EURIBOR JUN 27                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | GB        |          68 | NC      | $31004.65     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | 3MO EURO EURIBOR JUN 28                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | GB        |          23 | NC      | $-23.67       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | 3MO EURO EURIBOR SEP 25                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | GB        |          17 | NC      | $5511.88      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | 3MO EURO EURIBOR SEP 25                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | GB        |          18 | NC      | $3375.59      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | 3MO EURO EURIBOR SEP 25                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | GB        |         116 | NC      | $-19894.80    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | S&P500 EMINI JUN 25                      | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |           2 | NC      | $-240.46      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | S&P500 EMINI JUN 25                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |           2 | NC      | $-2037.83     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | CATTLE FEEDER AUG 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          18 | NC      | $59308.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | ICE NAT GAS AUG 25                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -5 | NC      | $12485.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US 5YR NOTE SEP 25                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         109 | NC      | $76920.23     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | US 5YR NOTE SEP 25                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |         -64 | NC      | $-17749.90    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | LONG GILT SEP 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | GB        |         -32 | NC      | $-29283.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | LONG GILT SEP 25                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | GB        |         -22 | NC      | $-23882.48    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | GOLD 100 OZ AUG 25                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |           2 | NC      | $156.60       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | GOLD 100 OZ AUG 25                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |           7 | NC      | $28096.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | GOLD 100 OZ AUG 25                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |           1 | NC      | $-732.82      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | GOLD 100 OZ DEC 25                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |           4 | NC      | $-27566.96    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | STOXX 600 UTIL JUN 25                    | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | DE        |           9 | NC      | $12715.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | US DOLLARS                               | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |      290833 | OU      | $428.49       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | US DOLLARS                               | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |     6222254 | OU      | $-254117.25   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | US DOLLARS                               | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |      139950 | OU      | $-5589.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | CANADIAN DOLLAR                          | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | CA        |      654688 | OU      | $9077.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | US DOLLARS                               | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |      537155 | OU      | $-6840.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | US DOLLARS                               | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |      438767 | OU      | $1167.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | XX        |     3226383 | OU      | $67365.91     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | XX        |      389176 | OU      | $7397.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-SOAR                          | BX_21-SOAR                               | CUSIP: 05608WAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      350695 | PA      | $350256.76    | 0.07%             | 2038-06-15      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-LBA                           | BX_21-LBA                                | CUSIP: 05609BAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      550000 | PA      | $544156.25    | 0.11%             | 2036-02-15      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-LBA                           | BX_21-LBA                                | CUSIP: 05609BAM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      240000 | PA      | $237750.00    | 0.05%             | 2036-02-15      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES BXHPP_21-FILM      | BXHPP_21-FILM                            | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      600000 | PA      | $546323.52    | 0.11%             | 2036-08-15      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-VOLT                          | BX_21-VOLT                               | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      385000 | PA      | $383075.00    | 0.08%             | 2036-09-15      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-VOLT                          | BX_21-VOLT                               | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $496250.00    | 0.10%             | 2036-09-15      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-VOLT                          | BX_21-VOLT                               | CUSIP: 05609VAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      245000 | PA      | $243009.38    | 0.05%             | 2036-09-15      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| BX TRUST BX_22-CLS                                               | BX_22-CLS                                | CUSIP: 05609XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      150000 | PA      | $151132.21    | 0.03%             | 2027-10-13      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_22-LP2                           | BX_22-LP2                                | CUSIP: 05610HAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      318500 | PA      | $317106.57    | 0.07%             | 2039-02-15      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      800000 | OU      | $-3642.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | AUSTRALIA DOLLAR                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | AU        |      170000 | OU      | $1517.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SWISS FRANC                              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |    -1671034 | OU      | $7700.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CHILEAN PESO                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -200000 | OU      | $-420.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | SIRIUS XM RADIO INC                      | CUSIP: 82967NBM9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      120000 | PA      | $104951.36    | 0.02%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                         | SNAP INC                                 | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |      170000 | PA      | $172181.76    | 0.04%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                                              | SOCIETE GENERALE SA                      | CUSIP: 83370RAE8<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |      700000 | PA      | $701800.82    | 0.15%             | N/A             | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HOLDINGS LLC                                       | SOTERA HEALTH HOLDINGS LLC               | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |       95000 | PA      | $98768.25     | 0.02%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LOAN TRUST                                 | SVHE_06-OPT5                             | CUSIP: 83612CAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      169368 | PA      | $164328.23    | 0.03%             | 2036-07-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA (REPUBLIC OF)                                       | SOUTH AFRICA (REPUBLIC OF)               | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      200000 | PA      | $196305.19    | 0.04%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA (REPUBLIC OF)                                       | SOUTH AFRICA (REPUBLIC OF)               | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      250000 | PA      | $239771.52    | 0.05%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CANADIAN INFRASTRUCTURE HOLDINGS LTD                   | SOUTH BOW CANADIAN INFRASTRUCTURE        | CUSIP: 836720AH5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      265000 | PA      | $263890.02    | 0.05%             | 2055-03-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY (THE)                                           | SOUTHERN CO                              | CUSIP: 842587CV7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |      184000 | PA      | $181750.91    | 0.04%             | 2026-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY (THE)                                           | SOUTHERN COMPANY (THE)                   | CUSIP: 842587DZ7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |      375000 | PA      | $408694.14    | 0.08%             | 2027-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY (THE)                                           | SOUTHERN COMPANY (THE)                   | CUSIP: 842587EB9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |      340000 | PA      | $346036.41    | 0.07%             | 2055-03-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY (THE)                                           | SOUTHERN COMPANY (THE)                   | CUSIP: 842587EC7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |      245000 | PA      | $244265.00    | 0.05%             | 2028-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ELECTRIC POWER COMPANY                              | SOUTHWESTERN ELECTRIC POWER CO           | CUSIP: 845437BT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       85000 | PA      | $52653.23     | 0.01%             | 2051-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SPECTRUM BRANDS INC                                              | SPECTRUM BRANDS INC                      | CUSIP: 84762LAX3<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |      272000 | PA      | $217668.08    | 0.05%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM CO LLC                                           | SPRINT SPECTRUM CO I/ II /III/ LLC       | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      753000 | PA      | $755725.42    | 0.16%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                        | BLOCK INC                                | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |       85000 | PA      | $86917.63     | 0.02%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STANLEY BLACK & DECKER INC                                       | STANLEY BLACK & DECKER INC               | CUSIP: 854502AM3<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |      870000 | PA      | $843961.83    | 0.18%             | 2060-03-15      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                      | STAPLES INC                              | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |       45000 | PA      | $41061.40     | 0.01%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                  | SYNEOS HEALTH INC                        | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |      215000 | PA      | $222211.64    | 0.05%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| WEBSTER FINL CORP                                                | WEBSTER FINANCIAL CORPORATION            | CUSIP: 85917AAC4<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | DBT              | CORP              | US        |      255000 | PA      | $248714.03    | 0.05%             | 2030-11-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET INVESTMENT LOAN TRUST SAIL_04-6                 | SAIL_04-6                                | CUSIP: 86358EJS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      241908 | PA      | $249496.34    | 0.05%             | 2034-07-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SECURITIES CORPORATION SASC_05-2XS              | SASC_05-2XS                              | CUSIP: 86359B2K6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      756186 | PA      | $722476.02    | 0.15%             | 2035-02-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| SAMI_06-AR7                                                      | SAMI_06-AR7                              | CUSIP: 86361HAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      606206 | PA      | $491993.55    | 0.10%             | 2036-08-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| SAMI_06-AR8                                                      | SAMI_06-AR8                              | CUSIP: 86361WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      248836 | PA      | $221230.16    | 0.05%             | 2036-10-25      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST SARM_07-4         | SARM_07-4                                | CUSIP: 86363LAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      673653 | PA      | $610774.43    | 0.13%             | 2037-05-25      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                                     | STRYKER CORPORATION                      | CUSIP: 863667BK6<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |      510000 | PA      | $514604.87    | 0.11%             | 2028-02-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC SWTCH_24-2A                                | SWTCH_24-2A                              | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $499028.20    | 0.10%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| TRITON INTERNAL FINANCE TIF_20-1                                 | TIF_20-1A                                | CUSIP: 872480AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      137500 | PA      | $128428.29    | 0.03%             | 2045-08-20      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CHILEAN PESO                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -100000 | OU      | $-755.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CHINESE OFFSHORE YUAN (HONG KONG)        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -100000 | OU      | $-90.15       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                 | T-MOBILE USA INC                         | CUSIP: 87264AAV7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      118000 | PA      | $118033.55    | 0.02%             | 2028-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                 | T-MOBILE USA INC                         | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |       20000 | PA      | $19743.24     | 0.00%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                 | T-MOBILE USA INC                         | CUSIP: 87264ABT1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      125000 | PA      | $112564.60    | 0.02%             | 2031-02-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                 | T-MOBILE USA INC                         | CUSIP: 87264ABU8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |       69000 | PA      | $67878.52     | 0.01%             | 2026-04-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                 | T-MOBILE USA INC                         | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      265000 | PA      | $246272.65    | 0.05%             | 2031-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                 | T-MOBILE USA INC                         | CUSIP: 87264ACQ6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      220000 | PA      | $191166.72    | 0.04%             | 2032-03-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| HOTWIRE FUNDING LLC HWIRE_24-1                                   | HWIRE_24-1A                              | CUSIP: 44148JAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      235000 | PA      | $237840.89    | 0.05%             | 2054-06-20      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| HSI ASSET SECURITIZATION HASC_06                                 | HASC_06-HE2                              | CUSIP: 44328BAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1106348 | PA      | $411475.37    | 0.09%             | 2036-12-25      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES LP                                     | HUDSON PACIFIC PROPERTIES LP             | CUSIP: 44409MAA4<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |      117000 | PA      | $102440.40    | 0.02%             | 2027-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | COLOMBIAN PESO                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -100000 | OU      | $155.65       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CZECH KORUNA                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -100000 | OU      | $881.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INVESCO US CLO LTD INVCO_24-4                                    | INVCO_24-4                               | CUSIP: 46151DAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      600000 | PA      | $469268.40    | 0.10%             | 2038-01-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                        | INVITATION HOMES OP PARTNER LP           | CUSIP: 46188BAC6<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |       35000 | PA      | $28373.60     | 0.01%             | 2034-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |        8190 | OU      | $65.43        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |       40000 | OU      | $-44.15       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                        | INVITATION HOMES OP PARTNER LP           | CUSIP: 46188BAF9<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |       60000 | PA      | $59827.05     | 0.01%             | 2033-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ISRAEL (STATE OF)                                                | ISRAEL (STATE OF)                        | CUSIP: 46514Y8A8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |      200000 | PA      | $201567.10    | 0.04%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |     2125000 | OU      | $18549.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | BRITISH POUND                            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | GB        |       65288 | OU      | $1036.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                         | JBS USA LUX SA/JBS FOOD CO/JBS USA       | CUSIP: 46590XAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      390000 | PA      | $357884.47    | 0.07%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                         | JBS USA LUX SA/JBS FOOD CO/JBS USA       | CUSIP: 46590XAU0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      320000 | PA      | $287914.22    | 0.06%             | 2032-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | BRITISH POUND                            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | GB        |     3250000 | OU      | $3207.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | HUNGARIAN FURINT                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |    -1900000 | OU      | $16571.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                         | JBS USA LUX SA/JBS FOOD CO/JBS USA       | CUSIP: 46590XAY2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      124000 | PA      | $125774.17    | 0.03%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| 321 HENDERSON RECEIVABLES LLC HENDR_10-3A                        | HENDR_10-3A                              | CUSIP: 46616MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      105491 | PA      | $104151.39    | 0.02%             | 2048-12-15      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | ISRAELI SHEKEL                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |    -1400000 | OU      | $1052.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | INDIAN RUPEE                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -200000 | OU      | $-246.77      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | JP        |    70171966 | OU      | $10211.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | JP        |   184868700 | OU      | $-5717.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| 321 HENDERSON RECEIVABLES LLC HE                                 | HENDR_16-1A                              | CUSIP: 46620DAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      551324 | PA      | $504986.04    | 0.10%             | 2069-06-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE ACQUISITION CORP JPMAC_05-OPT2                | JPMAC_05-OPT2                            | CUSIP: 46626LEQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      900000 | PA      | $843909.48    | 0.18%             | 2035-12-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | JP        |    99917141 | OU      | $949.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |    -1468747 | OU      | $14473.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE ACQUISITION CORP JPMAC_06-FRE1                | JPMAC_06-FRE1                            | CUSIP: 46626LFN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       90534 | PA      | $89715.13     | 0.02%             | 2035-05-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| JPALT_07-S1                                                      | JPALT_07-S1                              | CUSIP: 466275AB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      119596 | PA      | $115066.36    | 0.02%             | 2047-04-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | KOREAN WON                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |    -2699995 | OU      | $9140.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | NORWAY KRONA                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | NO        |     3706000 | OU      | $8460.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FINANCE PLC                                 | VIRGIN MEDIA SECURED FINANCE PLC         | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $184421.01    | 0.04%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC               | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      630000 | PA      | $570009.56    | 0.12%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | NORWAY KRONA                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |    -2700000 | OU      | $-16105.82    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | NEW ZEALAND DOLLAR                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | NZ        |      120000 | OU      | $742.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC               | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |       98000 | PA      | $90021.33     | 0.02%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC               | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      120000 | PA      | $123639.40    | 0.03%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | POLISH ZLOTY                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |    -3300000 | OU      | $15841.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SWEDISH KRONA                            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |    -1900000 | OU      | $3856.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                          | VOLKSWAGEN GROUP OF AMERICA FINANC       | CUSIP: 928668CR1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |       60000 | PA      | $60095.30     | 0.01%             | 2032-03-25      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                          | VOLKSWAGEN GROUP OF AMERICA FINANC       | CUSIP: 928668CS9<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |       60000 | PA      | $59247.52     | 0.01%             | 2035-03-27      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SINGAPORE DOLLAR                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | SG        |     1084296 | OU      | $13196.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SINGAPORE DOLLAR                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |    -3500000 | OU      | $11996.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SOUTH AFRICA COMM. RD                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |    -2000000 | OU      | $-3197.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | JPX-NIKKEI INDEX 400 JUN 25              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | JP        |           2 | NC      | $454.31       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYAGER PARENT LLC                                               | VOYAGER PARENT LLC                       | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |      163000 | PA      | $168288.88    | 0.03%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | STOXX 600 INSURANCE JUN 25               | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | DE        |           3 | NC      | $4945.01      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | JPY/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |           4 | NC      | $-144.62      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | JPY/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          21 | NC      | $-23722.85    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | COFFEE SEP 25                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |           2 | NC      | $-9464.43     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | COFFEE SEP 25                            | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -1 | NC      | $4853.89      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | KOREA 3YR BOND JUN 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | KR        |         506 | NC      | $87061.83     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ASSETS TRUST LP                                         | AMERICAN ASSETS TRUST LP                 | CUSIP: 02401LAA2<br>LEI: 549300V1TI0SMG9Z6U69 | Long             | DBT              | CORP              | US        |      155000 | PA      | $135704.28    | 0.03%             | 2031-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY INC.                             | AMERICAN ELECTRIC POWER COMPANY          | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |      670000 | PA      | $685627.95    | 0.14%             | 2054-12-15      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | KOSPI200 MINI JUN 25                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | KR        |           2 | NC      | $961.02       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | CRUDE PALM OIL JUL 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | MY        |          -7 | NC      | $-1907.48     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | CRUDE PALM OIL AUG 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | MY        |         -21 | NC      | $-1711.46     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | CRUDE PALM OIL SEP 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | MY        |          -7 | NC      | $-1153.51     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                         | AMERICAN EXPRESS COMPANY                 | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |       85000 | PA      | $82315.59     | 0.02%             | N/A             | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| AHM_05-1                                                         | AHM_05-1                                 | CUSIP: 02660TDH3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       23847 | PA      | $23738.11     | 0.00%             | 2045-06-25      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CRUDE PALM OIL OCT 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | MY        |          -1 | NC      | $-98.18       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | WIG20(PLN20) INDEX JUN 25                | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | PL        |          29 | NC      | $2282.07      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSET BACKED FUNDING CERTIFICATES ABFC_07-WMC1                   | ABFC_07-WMC1                             | CUSIP: 04545EAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      566470 | PA      | $400541.70    | 0.08%             | 2037-06-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                            | ATHENE GLOBAL FUNDING                    | CUSIP: 04685A3C3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |       10000 | PA      | $9145.96      | 0.00%             | 2028-08-19      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | WHEAT KCBT FUTURE JUL 25                 | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |         -23 | NC      | $21458.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | WHEAT KCBT FUTURE JUL 25                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |         -13 | NC      | $18327.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                            | ATHENE GLOBAL FUNDING                    | CUSIP: 04685A3L3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |       95000 | PA      | $91739.32     | 0.02%             | 2027-03-08      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_24-BIO                           | BX_24-BIO                                | CUSIP: 05612AAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      463000 | PA      | $455999.95    | 0.09%             | 2041-02-15      | Variable      | 7.97%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | WHEAT KCBT FUTURE SEP 25                 | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -8 | NC      | $12993.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | LME PRI ALUM SEP 25                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | GB        |         -12 | NC      | $28752.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_24-PAT                           | BX_24-PAT                                | CUSIP: 05612FAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      356000 | PA      | $355999.82    | 0.07%             | 2041-03-15      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_24-XL5                           | BX_24-XL5                                | CUSIP: 05612GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      255657 | PA      | $255816.50    | 0.05%             | 2041-03-15      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | LUMBER FUT JUL 25                        | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -1 | NC      | $67.04        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LIVE CATTLE FEB 26                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          11 | NC      | $7895.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LIVE CATTLE AUG 25                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          19 | NC      | $81338.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | LIVE CATTLE AUG 25                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |          20 | NC      | $-13615.98    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BW REAL ESTATE INC                                               | BW REAL ESTATE INC.                      | CUSIP: 05614HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      120000 | PA      | $119735.43    | 0.02%             | 2079-12-31      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| BAYVIEW OPPORTUNITY MASTER FUND VII BVCLN_24-EDU1                | BVCLN_24-EDU1                            | CUSIP: 07336PAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      451378 | PA      | $458374.26    | 0.10%             | 2047-06-25      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | LIVE CATTLE OCT 25                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          16 | NC      | $62794.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LIVE CATTLE DEC 25                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          11 | NC      | $24045.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BEAR STEARNS MORTGAGE FUNDING TR                                 | BSMF_06-AR3                              | CUSIP: 07400HAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      237103 | PA      | $209519.52    | 0.04%             | 2036-10-25      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS MORTGAGE FUNDING BSMF_07-AR5                        | BSMF_07-AR5                              | CUSIP: 07400NAT7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      723846 | PA      | $640655.87    | 0.13%             | 2037-06-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | LEAN HOGS JUL 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          10 | NC      | $14187.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | LEAN HOGS AUG 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |           9 | NC      | $23630.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BEAR STEARNS MORTGAGE FUNDING TR                                 | BSMF_06-AR4                              | CUSIP: 07401JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      290566 | PA      | $282977.07    | 0.06%             | 2036-12-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| BSMF_07-AR3                                                      | BSMF_07-AR3                              | CUSIP: 07401VAP6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      254668 | PA      | $230333.33    | 0.05%             | 2037-04-25      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| BEAR MOUNTAIN PARK CLO LTD BRMTN_22-1A                           | BRMTN_22-1A                              | CUSIP: 07403CAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | JE        |      500000 | PA      | $502000.00    | 0.10%             | 2037-07-15      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| BECLE SAB DE CV                                                  | BECLE SAB DE CV                          | CUSIP: 07586PAA9<br>LEI: 529900JY55CZKMJLCE09 | Long             | DBT              | CORP              | MX        |      540000 | PA      | $441958.27    | 0.09%             | 2031-10-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | LEAN HOGS AUG 25                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |           2 | NC      | $2698.93      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | LEAN HOGS OCT 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |           8 | NC      | $6322.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | LME NICKEL SEP 25                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | GB        |          -4 | NC      | $18452.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | LME ZINC SEP 25                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | GB        |          -5 | NC      | $18490.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BERRY GLOBAL INC                                                 | BERRY GLOBAL INC                         | CUSIP: 08576PAL5<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |      360000 | PA      | $366460.58    | 0.08%             | 2028-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                 | BERRY GLOBAL INC                         | CUSIP: 08576PAQ4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |      120000 | PA      | $120839.16    | 0.03%             | 2034-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | MSCI EMER MKT INDEX (ICE) JUN 25         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |          34 | NC      | $-34774.20    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | MSCI EMER MKT INDEX (ICE) JUN 25         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |          13 | NC      | $-14119.70    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | MSCI EAFE INDEX JUN 25                   | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |          18 | NC      | $67443.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | MSCI EAFE INDEX JUN 25                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |          22 | NC      | $41680.89     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BERRY GLOBAL INC                                                 | BERRY GLOBAL ESCROW CORP                 | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |       24000 | PA      | $23939.26     | 0.00%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BIMBO BAKERIES USA INC                                           | BIMBO BAKERIES USA INC                   | CUSIP: 09031WAE3<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | CORP              | US        |      440000 | PA      | $426192.31    | 0.09%             | 2036-01-09      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | E-MICRO GOLD FUTURES AUG 25              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |           3 | NC      | $-2122.10     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US DOLLARS                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |     2688799 | OU      | $-64981.69    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CANADA (GOVERNMENT OF)                                           | CANADA (GOVERNMENT OF)                   | CUSIP: 135087R22<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |       95000 | PA      | $70092.51     | 0.01%             | 2026-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CANADA (GOVERNMENT OF)                                           | CANADA (GOVERNMENT OF)                   | CUSIP: 135087R89<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |      465000 | PA      | $348738.92    | 0.07%             | 2029-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | US DOLLARS                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |     3098452 | OU      | $-157159.95   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | NORWAY KRONA                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | NO        |     8778807 | OU      | $9579.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CARRINGTON MORTGAGE LOAN TRUST CARR_07-FRE1                      | CARR_07-FRE1                             | CUSIP: 144527AC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      535895 | PA      | $517620.71    | 0.11%             | 2037-02-25      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_23-N3                       | CRVNA_23-N3                              | CUSIP: 14686RAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        2000 | PA      | $395145.57    | 0.08%             | 2030-09-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | US DOLLARS                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |     2569306 | OU      | $-4005.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | US DOLLARS                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |      380905 | OU      | $-16407.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                     | CENTENE CORPORATION                      | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |      135000 | PA      | $130006.45    | 0.03%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                     | CENTENE CORPORATION                      | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |      470000 | PA      | $428216.18    | 0.09%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                     | CENTENE CORPORATION                      | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |      585000 | PA      | $514645.05    | 0.11%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                     | CENTENE CORPORATION                      | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |      445000 | PA      | $377942.08    | 0.08%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | US DOLLARS                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |     3837350 | OU      | $37117.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                                               | CENOVUS ENERGY INC                       | CUSIP: 15135UAF6<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |      983000 | PA      | $1033124.08   | 0.21%             | 2039-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TMS ISSUER SARL                                                  | TMS ISSUER SARL                          | CUSIP: 87266GAA8<br>LEI: 21380092DY1X4BHPMA32 | Long             | DBT              | CORP              | LU        |      300000 | PA      | $308034.94    | 0.06%             | 2032-08-23      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| FIRST NLC TRUST FNLC_05-4                                        | FNLC_05-4                                | CUSIP: 32113JCG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      155873 | PA      | $153220.96    | 0.03%             | 2036-02-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION LLC                                     | FIRSTENERGY TRANSMISSION LLC             | CUSIP: 33767BAD1<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |      229000 | PA      | $216618.48    | 0.05%             | 2028-09-15      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                    | FIRSTCASH INC                            | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |      100000 | PA      | $102522.36    | 0.02%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES FKH_20-SFR2                                       | FKH_20-SFR2                              | CUSIP: 33767JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      194691 | PA      | $191553.79    | 0.04%             | 2037-10-19      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                           | PENN NATIONAL GAMING INC                 | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      185000 | PA      | $165773.64    | 0.03%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                       | PERFORMANCE FOOD GROUP INC               | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |      220000 | PA      | $209565.84    | 0.04%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                              | PETROLEOS MEXICANOS                      | CUSIP: 71654QCL4<br>LEI: N/A                  | Long             | DBT              | NUSS              | MX        |       19000 | PA      | $12352.54     | 0.00%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| PRIO LUXEMBOURG HOLDING SARL                                     | PETRORIO LUXEMBOURG SARL                 | CUSIP: 71677WAA0<br>LEI: 2221003VQP4JY7T31H94 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $201555.82    | 0.04%             | 2026-06-09      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                        | PHILIPPINES (REPUBLIC OF)                | CUSIP: 718286BM8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    10000000 | PA      | $174234.86    | 0.04%             | 2036-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PHILIPPINES (REPUBLIC OF)                                        | PHILIPPINES (REPUBLIC OF)                | CUSIP: 718286CJ4<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |      300000 | PA      | $272029.76    | 0.06%             | 2030-05-05      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| PILGRIMS PRIDE CORP                                              | PILGRIMS PRIDE CORP                      | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |      275000 | PA      | $285638.75    | 0.06%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KFC HOLDING CO                                                   | YUM! BRANDS INC TLB 1.75                 | CUSIP: 72584DAF1<br>LEI: 549300G2LG4YUB3MM115 | Long             | LON              | CORP              | US        |      328364 | PA      | $330415.90    | 0.07%             | 2028-03-15      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| POPULAR INC                                                      | POPULAR INC                              | CUSIP: 733174AL0<br>LEI: 5493008CARDZMVQ3LO89 | Long             | DBT              | CORP              | PR        |      215000 | PA      | $225689.58    | 0.05%             | 2028-03-13      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | POST HOLDINGS INC                        | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      225000 | PA      | $222161.64    | 0.05%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | POST HOLDINGS INC                        | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |       65000 | PA      | $59270.14     | 0.01%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | POST HOLDINGS INC                        | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      575000 | PA      | $571512.44    | 0.12%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                                              | PRESTIGE BRANDS INC                      | CUSIP: 74112BAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      207000 | PA      | $188072.09    | 0.04%             | 2031-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_24-SFR3                          | PROG_24-SFR3                             | CUSIP: 74331VAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      450000 | PA      | $413220.65    | 0.09%             | 2041-06-17      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_24-SFR5                          | PROG_24-SFR5                             | CUSIP: 74332HAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      740000 | PA      | $664858.03    | 0.14%             | 2029-08-09      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_21-SFR7                          | PROG_21-SFR7                             | CUSIP: 74333PAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      788000 | PA      | $736871.01    | 0.15%             | 2040-08-17      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_21-SFR9                          | PROG_21-SFR9                             | CUSIP: 74333QAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      910000 | PA      | $845148.85    | 0.18%             | 2040-11-17      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FINL SERV INC.                                         | PROVIDENT FINANCIAL SERVICES INC.        | CUSIP: 74386TAA3<br>LEI: 529900JOSO3SXEDVE477 | Long             | DBT              | CORP              | US        |      210000 | PA      | $214798.17    | 0.04%             | 2034-05-15      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| QATAR (STATE OF)                                                 | QATAR (STATE OF)                         | CUSIP: 74727PBB6<br>LEI: N/A                  | Long             | DBT              | NUSS              | QA        |      280000 | PA      | $249130.68    | 0.05%             | 2049-03-14      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                   | TEVA PHARMACEUTICAL FINANCE NETHER       | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |      172000 | PA      | $173226.58    | 0.04%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS IV BV                    | TEVA PHARMACEUTICAL FINANCE NETHER       | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |       39000 | PA      | $39333.52     | 0.01%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS LIMITED TMCL_20-2                    | TMCL_20-2A                               | CUSIP: 88315LAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |      170108 | PA      | $157855.27    | 0.03%             | 2045-09-20      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS IV LTD TMCL_20-3A                    | TMCL_20-3A                               | CUSIP: 88315LAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      207120 | PA      | $192754.67    | 0.04%             | 2045-09-20      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS VII LTD TMCL_21-2A                   | TMCL_21-2A                               | CUSIP: 88315LAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      521833 | PA      | $481625.91    | 0.10%             | 2046-04-20      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| THORNBURG MORTGAGE SECURITIES TRUST TMST_04-3                    | TMST_04-3                                | CUSIP: 885220FS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      254968 | PA      | $238194.11    | 0.05%             | 2034-09-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | CLOUD SOFTWARE GROUP INC TLB 3.75        | CUSIP: 88632NBE9<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |      512425 | PA      | $510903.10    | 0.11%             | 2031-03-21      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                                            | TIME WARNER CABLE LLC                    | CUSIP: 88732JBB3<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |      360000 | PA      | $315890.03    | 0.07%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                                        | TORONTO-DOMINION BANK/THE                | CUSIP: 89117F3M9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |      601000 | PA      | $437728.95    | 0.09%             | 2025-09-09      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                                        | TORONTO-DOMINION BANK/THE                | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |      630000 | PA      | $660929.44    | 0.14%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_1                                 | TPMT_17-2                                | CUSIP: 89173HAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      760000 | PA      | $719825.49    | 0.15%             | 2057-04-25      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_18-2                              | TPMT_18-2                                | CUSIP: 89175VAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      900000 | PA      | $845603.28    | 0.18%             | 2058-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-2                              | TPMT_19-2                                | CUSIP: 89177JAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      275000 | PA      | $233911.29    | 0.05%             | 2058-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-HY3                            | TPMT_19-HY3                              | CUSIP: 89177XAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      650000 | PA      | $663186.36    | 0.14%             | 2059-10-25      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_24-CES6                           | TPMT_24-CES6                             | CUSIP: 891947AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      620000 | PA      | $628916.22    | 0.13%             | 2064-11-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES LTD                                        | TRANSCANADA PIPELINES LIMITED            | CUSIP: 89352HAM1<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |        5000 | PA      | $4709.29      | 0.00%             | 2034-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES LTD                                        | TRANSCANADA PIPELINES LTD                | CUSIP: 89352HBG3<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |      250000 | PA      | $248200.74    | 0.05%             | 2065-06-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA TRUST                                                | TRANSCANADA TRUST                        | CUSIP: 89356BAG3<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |      455000 | PA      | $426798.71    | 0.09%             | 2082-03-07      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                            | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      260000 | PA      | $264293.53    | 0.05%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                                | CLEAN HARBORS INC TLB 1.75               | CUSIP: 000000000<br>LEI: 5493000SJVZVZJKHJF48 | Long             | LON              | CORP              | US        |      313149 | PA      | $315576.01    | 0.07%             | 2028-10-08      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| CACI INTL INC                                                    | CACI INTERNATIONAL INC TLB 1.75          | CUSIP: 000000000<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | LON              | CORP              | US        |      613650 | PA      | $614036.60    | 0.13%             | 2031-10-30      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| UNITED AIR LINES INC (OLD)                                       | UNITED AIRLINES INC TLB 2.00             | CUSIP: 000000000<br>LEI: MNUK2DGUCJQSQDF96X28 | Long             | LON              | CORP              | US        |      402592 | PA      | $403296.24    | 0.08%             | 2031-02-22      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO INC                                       | DYNASTY ACQUISITION CO TLB2 2.25         | CUSIP: 000000000<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |       56073 | PA      | $56029.63     | 0.01%             | 2031-10-31      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| PROLOGIS EURO FINANCE LLC                                        | PROLOGIS EURO FINANCE LLC                | CUSIP: 000000000<br>LEI: 549300MI5D1784PRQH06 | Long             | DBT              | CORP              | US        |      125000 | PA      | $145360.66    | 0.03%             | 2034-05-05      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA (REPUBLIC OF)                                            | ROMANIA (REPUBLIC OF)                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      200000 | PA      | $167530.98    | 0.03%             | 2032-03-27      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NORWAY (KINGDOM OF)                                              | NORWAY KINGDOM OF (GOVERNMENT)           | CUSIP: 000000000<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |    11195000 | PA      | $979665.12    | 0.20%             | 2032-05-18      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| BOCA COMMERCIAL MORTGAGE TRUST BOCA_24-BOCA                      | BOCA_24-BOCA                             | CUSIP: 096817AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      195000 | PA      | $195304.84    | 0.04%             | 2041-08-15      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                        | Boeing Co/The                            | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |        4300 | NS      | $291583.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BOEING CO                                                        | BOEING CO                                | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      290000 | PA      | $271625.88    | 0.06%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                        | BOEING CO                                | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      825000 | PA      | $832469.71    | 0.17%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                        | BOEING CO/THE                            | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      145000 | PA      | $154864.87    | 0.03%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| CLOUD CAPITAL CLDCD_24-1                                         | CLDCD_24-1A                              | CUSIP: 102104AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      270000 | PA      | $270817.97    | 0.06%             | 2049-11-22      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                   | BRASKEM NETHERLANDS FINANCE BV           | CUSIP: 10554TAD7<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $164920.60    | 0.03%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                       | BRAZIL (FEDERATIVE REPUBLIC OF)          | CUSIP: 105756CH1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |      200000 | PA      | $195580.36    | 0.04%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                       | BRAZIL FEDERATIVE REPUBLIC OF (GOV       | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |      200000 | PA      | $199512.82    | 0.04%             | 2035-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BRITISH COLUMBIA PROVINCE OF                                     | BRITISH COLUMBIA (PROVINCE OF)           | CUSIP: 11070TAM0<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |      350000 | PA      | $338615.29    | 0.07%             | 2033-07-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BURLINGTON STORES INC                                            | BURLINGTON STORES INC                    | CUSIP: 122017AD8<br>LEI: 5299003Z37DVGKKC1W09 | Long             | DBT              | CORP              | US        |      235000 | PA      | $299272.50    | 0.06%             | 2027-12-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-2                            | VERUS_23-2                               | CUSIP: 92539DAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      550000 | PA      | $547730.59    | 0.11%             | 2068-03-25      | Variable      | 7.49%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_22-INV1                         | VERUS_22-INV1                            | CUSIP: 92539JAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      307908 | PA      | $305160.12    | 0.06%             | 2067-08-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-4                            | VERUS_23-4                               | CUSIP: 92539TAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      592821 | PA      | $591961.91    | 0.12%             | 2068-05-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_24-2                            | VERUS_24-2                               | CUSIP: 92539UAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      472000 | PA      | $472067.54    | 0.10%             | 2069-02-25      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_24-1                            | VERUS_24-1                               | CUSIP: 92540EAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       66761 | PA      | $66756.50     | 0.01%             | 2069-01-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                               | VICI PROPERTIES LP / VICI NOTE CO        | CUSIP: 92564RAB1<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |      185000 | PA      | $179520.72    | 0.04%             | 2029-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                               | VICI PROPERTIES LP / VICI NOTE CO        | CUSIP: 92564RAE5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |      450000 | PA      | $424356.69    | 0.09%             | 2030-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                               | VICI PROPERTIES LP/VICI NOTE CO          | CUSIP: 92564RAK1<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |       29000 | PA      | $28640.83     | 0.01%             | 2028-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                               | VICI PROPERTIES LP                       | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |      395000 | PA      | $387283.18    | 0.08%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                               | VICI PROPERTIES LP                       | CUSIP: 925650AK9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |      360000 | PA      | $356605.21    | 0.07%             | 2035-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FINANCE PLC                                 | VIRGIN MEDIA SECURED FINANCE PLC         | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |      510000 | PA      | $496683.57    | 0.10%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NK KAZMUNAYGAZ AO                                                | KAZMUNAYGAS NATIONAL CO                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | KZ        |      215000 | PA      | $212639.93    | 0.04%             | 2030-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY FINANCE CORP                                  | BERKSHIRE HATHAWAY FINANCE CORP          | CUSIP: 000000000<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |      250000 | PA      | $229023.37    | 0.05%             | 2039-06-19      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER                                                    | THERMO FISHER SCIENTIFIC INC             | CUSIP: 000000000<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |      120000 | PA      | $89632.98     | 0.02%             | 2049-10-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| EUROGRID GMBH                                                    | EUROGRID GMBH                            | CUSIP: 000000000<br>LEI: 967600Q53854Z2NBCC81 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $98264.11     | 0.02%             | 2032-05-15      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL FINANCE CORP                                       | INTERNATIONAL FINANCE CORPORATION        | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | CORP              | US        |      367000 | PA      | $217505.95    | 0.05%             | 2025-09-10      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INVESTMENT BANK                             | ASIAN INFRASTRUCTURE INV BANK            | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | CORP              | CN        |      245000 | PA      | $322952.49    | 0.07%             | 2025-12-15      | Fixed         | 0.20%                 | No            |                  2 | On Loan: No      |
| HEATHROW FUNDING LTD                                             | HEATHROW FUNDING LTD                     | CUSIP: 000000000<br>LEI: 7TI96JO3DYEIQWZ7Z726 | Long             | DBT              | CORP              | JE        |      110000 | PA      | $111998.96    | 0.02%             | 2030-10-08      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| EUROGRID GMBH                                                    | EUROGRID GMBH                            | CUSIP: 000000000<br>LEI: 967600Q53854Z2NBCC81 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $92517.56     | 0.02%             | 2033-04-21      | Fixed         | 0.74%                 | No            |                  2 | On Loan: No      |
| HSBC                                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |      880736 | OU      | $-23660.77    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SOYBEAN JAN 26                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |         -13 | NC      | $821.01       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC                                                             | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | XX        |     1964729 | OU      | $-10277.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC                                                             | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | JP        |    39113690 | OU      | $-832.24      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC                                                             | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | JP        |    99471147 | OU      | $-2781.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC                                                             | MEXICAN PESO                             | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | MX        |    10571475 | OU      | $32666.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC                                                             | SINGAPORE DOLLAR                         | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | SG        |     2802070 | OU      | $19824.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC                                                             | SINGAPORE DOLLAR                         | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | SG        |     2179229 | OU      | $-950.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | MICRO E-MINI RUSSELL 2000 JUN 25         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |          -1 | NC      | $-966.95      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | IBEX 35 INDEX JUN 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | ES        |           3 | NC      | $10182.97     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC                                             | FREEPORT-MCMORAN INC                     | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |      895000 | PA      | $827891.74    | 0.17%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                                             | FREEPORT-MCMORAN INC                     | CUSIP: 35671DBJ3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |      280000 | PA      | $279373.14    | 0.06%             | 2034-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | IBEX 35 INDEX JUN 25                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | ES        |           9 | NC      | $35423.19     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | IBEX MINI IDX JUN 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | ES        |           2 | NC      | $657.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | RUBBER (TCOM) OCT 25                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | JP        |           2 | NC      | $-1499.34     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | FCOJ-A FUTURE JUL 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -2 | NC      | $993.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC                                             | FREEPORT-MCMORAN INC                     | CUSIP: 35671DCH6<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |      265000 | PA      | $260713.94    | 0.05%             | 2030-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FHLT_05-D                                                        | FHLT_05-D                                | CUSIP: 35729PMF4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      644690 | PA      | $589691.73    | 0.12%             | 2035-11-25      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CANADIAN DOLLAR                          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | AU        |    -5400000 | OU      | $20854.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     1844067 | OU      | $-75764.11    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| KEYSPAN GAS EAST CORP                                            | KEYSPAN GAS EAST CORPORATION             | CUSIP: 49338CAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      225000 | PA      | $229773.76    | 0.05%             | 2033-03-06      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                             | KRAFT FOODS GROUP INC                    | CUSIP: 50076QAR7<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |      200000 | PA      | $215931.38    | 0.04%             | 2039-01-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |      500000 | OU      | $-624.45      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      200000 | OU      | $36.69        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                             | KRAFT HEINZ FOODS CO                     | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |      620000 | PA      | $489696.58    | 0.10%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LCM 37 LTD LCM_37A-AR                                            | LCM_37A                                  | CUSIP: 50204JAS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      525000 | PA      | $522797.63    | 0.11%             | 2034-04-15      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                | LADAR_23-2A                              | CUSIP: 505713AF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      550000 | PA      | $562358.72    | 0.12%             | 2031-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS                                                  | LAS VEGAS SANDS CORP                     | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |      405000 | PA      | $405968.51    | 0.08%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST LMAT_21-GS5                          | LMAT_21-GS5                              | CUSIP: 52475XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      792948 | PA      | $790833.68    | 0.16%             | 2067-07-25      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| LMT_06-1                                                         | LMT_06-1                                 | CUSIP: 52520MFB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      499455 | PA      | $229878.46    | 0.05%             | 2036-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LXS_06-2N                                                        | LXS_06-2N                                | CUSIP: 525221HD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      398462 | PA      | $353653.91    | 0.07%             | 2036-02-25      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| LEHMAN XS TRUST LXS_06-15                                        | LXS_06-15                                | CUSIP: 52523MAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      601888 | PA      | $538985.41    | 0.11%             | 2036-10-25      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |
| LEHMAN XS TRUST LXS_06-19                                        | LXS_06-19                                | CUSIP: 52523YAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      553206 | PA      | $512002.41    | 0.11%             | 2036-12-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| LEHMAN XS TRUST LXS_07-16N                                       | LXS_07-16N                               | CUSIP: 52525BAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      435433 | PA      | $390646.62    | 0.08%             | 2047-09-25      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                             | LEXINGTON REALTY TRUST                   | CUSIP: 529043AE1<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |      135000 | PA      | $118795.43    | 0.02%             | 2030-09-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST LIFE_22-BMR2                       | LIFE_22-BMR2                             | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      530000 | PA      | $514095.39    | 0.11%             | 2039-05-15      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST LIFE_22-BMR2                       | LIFE_22-BMR2                             | CUSIP: 53218DAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      605000 | PA      | $550535.78    | 0.11%             | 2039-05-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMENT INC                                    | LIVE NATION ENTERTAINMENT INC            | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |       89000 | PA      | $87540.16     | 0.02%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LBMLT_06-4                                                       | LBMLT_06-4                               | CUSIP: 54251MAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      916266 | PA      | $478927.70    | 0.10%             | 2036-05-25      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| LBMLT_06-10                                                      | LBMLT_06-10                              | CUSIP: 54251YAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1737017 | PA      | $515193.42    | 0.11%             | 2036-11-25      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                                            | LONG RIDGE ENERGY LLC                    | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |      170000 | PA      | $171369.45    | 0.04%             | 2032-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DOWNSTREAM TRADING SARL                                | MC BRAZIL DOWNSTREAM TRADING SARL        | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |      202542 | PA      | $159059.94    | 0.03%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MHC COMMERCIAL MORTGAGE TRUST MHC_21-MHC2                        | MHC_21-MHC2                              | CUSIP: 55293AAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      600000 | PA      | $598500.00    | 0.12%             | 2038-05-15      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTERNATIONAL                                        | MGM RESORTS INTERNATIONAL                | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |       20000 | PA      | $19562.32     | 0.00%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTERNATIONAL                                        | MGM RESORTS INTERNATIONAL                | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |       65000 | PA      | $64863.06     | 0.01%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MHC COMMERCIAL MORTGAGE TRUST MHC_21-MHC                         | MHC_21-MHC                               | CUSIP: 55316VAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      432000 | PA      | $431730.00    | 0.09%             | 2038-04-15      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                                         | MSCI INC                                 | CUSIP: 55354GAK6<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |      635000 | PA      | $587018.91    | 0.12%             | 2030-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                                         | MSCI INC                                 | CUSIP: 55354GAL4<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |      275000 | PA      | $255981.32    | 0.05%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                                         | MSCI INC                                 | CUSIP: 55354GAM2<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |      345000 | PA      | $313186.70    | 0.07%             | 2031-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                                         | MSCI INC                                 | CUSIP: 55354GAQ3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |       90000 | PA      | $77267.04     | 0.02%             | 2033-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | WARNERMEDIA HOLDINGS INC                 | CUSIP: 55903VBC6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      220000 | PA      | $186922.09    | 0.04%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | WARNERMEDIA HOLDINGS INC                 | CUSIP: 55903VBD4<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      185000 | PA      | $133196.62    | 0.03%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | WARNERMEDIA HOLDINGS INC                 | CUSIP: 55903VBE2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      733000 | PA      | $474960.37    | 0.10%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| MICHAELS COMPANIES INC                                           | MAGIC MERGERCO INC                       | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |      235000 | PA      | $162726.30    | 0.03%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MICHAELS COMPANIES INC                                           | MAGIC MERGERCO INC                       | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |       51000 | PA      | $24895.26     | 0.01%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |     2250000 | OU      | $15307.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | BRITISH POUND                            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | GB        |     1750000 | OU      | $-987.65      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | AU        |    -4000000 | OU      | $20945.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | NEW ZEALAND DOLLAR                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | AU        |   -11000000 | OU      | $8660.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | AU        |    -2700000 | OU      | $-2209.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      100000 | OU      | $555.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |     3250000 | OU      | $-249.91      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | CA        |    -1200000 | OU      | $1753.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      200000 | OU      | $-2919.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      100000 | OU      | $731.25       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      300000 | OU      | $1169.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      100000 | OU      | $-2134.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      100000 | OU      | $-164.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SWISS FRANC                              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |    -3250000 | OU      | $12075.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | BRITISH POUND                            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |    -3200000 | OU      | $-22749.57    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | POLISH ZLOTY                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |     -200000 | OU      | $-723.10      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SWEDISH KRONA                            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | XX        |    -2875000 | OU      | $2981.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     7037788 | OU      | $-210568.47   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     4442252 | OU      | $-59911.63    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SWISS FRANC                              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | GB        |     -875000 | OU      | $8578.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO INC                                       | DYNASTY ACQUISITION CO TLB1 2.25         | CUSIP: 000000000<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |      147417 | PA      | $147303.68    | 0.03%             | 2031-10-31      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| AECOM                                                            | AECOM TLB 1.75                           | CUSIP: 000000000<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | LON              | CORP              | US        |      441648 | PA      | $444271.57    | 0.09%             | 2031-04-18      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| EQUINIX EUROPE 2 FINANCING CORPORATION LLC                       | EQUINIX EUROPE 2 FINANCING CORPORA       | CUSIP: 000000000<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |      130000 | PA      | $144712.43    | 0.03%             | 2034-11-22      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                              | TRAVEL + LEISURE CO TLB 2.5              | CUSIP: 000000000<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | LON              | CORP              | US        |      592762 | PA      | $590172.13    | 0.12%             | 2029-12-14      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                                                 | BLACK HILLS CORPORATION                  | CUSIP: 092113AW9<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |      360000 | PA      | $370514.00    | 0.08%             | 2034-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| BLUEMOUNTAIN CLO LTD BLUEM_16-3A                                 | BLUEM_16-3A                              | CUSIP: 09628VAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      525000 | PA      | $525792.75    | 0.11%             | 2030-11-15      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| BLUEMOUNTAIN CLO LTD BLUEM_17-2A                                 | BLUEM_17-2A                              | CUSIP: 09629EAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      500000 | PA      | $500750.00    | 0.10%             | 2030-10-20      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | MINI-DAX FUTURE JUN 25                   | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | DE        |           2 | NC      | $7975.95      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | EURO-SCHATZ JUN 25                       | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | DE        |         172 | NC      | $-2156.13     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | EURO-SCHATZ JUN 25                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | DE        |         126 | NC      | $-16334.04    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | DOLLAR INDEX JUN 25                      | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |         -30 | NC      | $-178.50      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | MXN/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          -3 | NC      | $-920.10      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | PLATINUM JUL 25                          | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |           8 | NC      | $-3369.48     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | PLATINUM JUL 25                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |           3 | NC      | $-4771.97     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | S&P/TSE 60 INDEX JUN 25                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | CA        |           9 | NC      | $86588.51     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | S&P/TSE 60 INDEX JUN 25                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | CA        |          10 | NC      | $27934.75     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | OMXS30 INDEX JUN 25                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | SE        |          -8 | NC      | $2397.07      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | COCOA FUTURE (LIFFE) JUL 25              | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | GB        |           1 | NC      | $-12364.64    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | COCOA FUTURE (LIFFE) SEP 25              | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | GB        |           1 | NC      | $1741.28      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | COCOA FUTURE (LIFFE) DEC 25              | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | GB        |           2 | NC      | $9117.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | GAS OIL JUL 25                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -5 | NC      | $8920.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | GAS OIL JUL 25                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | GB        |         -14 | NC      | $36095.82     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | GAS OIL AUG 25                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -8 | NC      | $14542.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | GAS OIL SEP 25                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -5 | NC      | $9070.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | GAS OIL OCT 25                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -5 | NC      | $8795.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | WHITE SUGAR (LIFFE) AUG 25               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |         -10 | NC      | $9048.86      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | WHITE SUGAR (LIFFE) OCT 25               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -3 | NC      | $3656.64      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | MSCI SING IX ETS JUN 25                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | SG        |          33 | NC      | $4750.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | MSCI SING IX ETS JUN 25                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | SG        |          30 | NC      | $3775.03      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OSLO MUNICIPLALITY OF                                            | OSLO MUNICIPLALITY OF                    | CUSIP: R6933ZBR2<br>LEI: 5967007LIEEXZXGVU850 | Long             | DBT              | NUSS              | NO        |     4000000 | PA      | $386698.02    | 0.08%             | 2029-06-11      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | ZAR/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          62 | NC      | $8767.51      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              | CORP              | US        |     1427667 | OU      | $-22990.13    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              | CORP              | US        |      682500 | OU      | $-10940.55    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              | CORP              | US        |     1703860 | OU      | $-76834.92    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                             | AUSTRALIA DOLLAR                         | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              | CORP              | AU        |     1136127 | OU      | $1671.24      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                             | CANADIAN DOLLAR                          | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              | CORP              | CA        |     2450038 | OU      | $5544.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                             | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              | CORP              | XX        |      718307 | OU      | $-2789.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                             | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              | CORP              | JP        |    66883855 | OU      | $2484.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                             | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              | CORP              | JP        |   199961927 | OU      | $1538.41      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | ROUGH RICE JUL 25                        | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -2 | NC      | $-2214.68     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | CANOLA (IFUS) FUTURE JUL 25              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          29 | NC      | $10264.39     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | CANOLA (IFUS) FUTURE NOV 25              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          11 | NC      | $4742.58      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | RUSSELL 2000 EMINI CME JUN 25            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |          -2 | NC      | $-1552.96     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | RUSSELL 2000 EMINI CME JUN 25            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |          -3 | NC      | $-39560.78    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | EURO-BUND JUN 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | DE        |          13 | NC      | $6551.39      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                                              | EURO-BUND JUN 25                         | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | DE        |           1 | NC      | $1412.85      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | EURO-BUND JUN 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | DE        |          -8 | NC      | $-10435.41    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | EURO-BUND JUN 25                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | DE        |          -2 | NC      | $246.42       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | EURO-BUND JUN 25                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | DE        |         -22 | NC      | $-35801.27    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | EUR/JPY FUTURE JUN 25                    | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |           1 | NC      | $942.72       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL DUTCH FINCO BV                                           | DIGITAL DUTCH FINCO BV                   | CUSIP: 000000000<br>LEI: 549300ONZ5IS6B6IMJ70 | Long             | DBT              | CORP              | NL        |      220000 | PA      | $245455.59    | 0.05%             | 2035-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                    | CARNIVAL CORP TLB 2.25                   | CUSIP: 000000000<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | LON              | CORP              | PA        |      113445 | PA      | $113338.18    | 0.02%             | 2027-08-08      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                    | CARNIVAL CORP TLB 2.0                    | CUSIP: 000000000<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | LON              | CORP              | PA        |      226000 | PA      | $225661.00    | 0.05%             | 2028-10-18      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                | CLARIOS GLOBAL LP TLB 2.75               | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | CA        |      640000 | PA      | $637798.40    | 0.13%             | 2032-01-28      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| GREAT OUTDOORS GROUP LLC                                         | GREAT OUTDOORS GROUP LLC TLB 3.25        | CUSIP: 000000000<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |      942638 | PA      | $933682.44    | 0.19%             | 2032-01-23      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| GLOVES BUYER INC                                                 | GLOVES BUYER INC TLB 4.0                 | CUSIP: 000000000<br>LEI: 54930015O0Y94T5H8Z18 | Long             | LON              | CORP              | US        |      485000 | PA      | $468995.00    | 0.10%             | 2032-05-21      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| SEVERN TRENT UTILITIES FINANCE PLC                               | SEVERN TRENT UTILITIES FINANCE PLC       | CUSIP: 000000000<br>LEI: 213800KY9PT6WBH33232 | Long             | DBT              | CORP              | GB        |      125000 | PA      | $142381.50    | 0.03%             | 2035-08-04      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                            | QUIKRETE HOLDINGS INC TLB 2.25           | CUSIP: 000000000<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |      895000 | PA      | $890525.00    | 0.19%             | 2032-02-10      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                              | HILCORP ENERGY I LP TLB 2.00             | CUSIP: 000000000<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |      445000 | PA      | $443700.60    | 0.09%             | 2030-02-11      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| CLEARWATER ANALYTICS LLC                                         | CLRANA  02/09/32 TLB 2.25                | CUSIP: 000000000<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |      430000 | PA      | $430000.00    | 0.09%             | 2032-04-21      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                                            | LONRID  02/19/32 TLB 4.5                 | CUSIP: 000000000<br>LEI: 984500764EC9AZ2FC764 | Long             | LON              | CORP              | US        |      410000 | PA      | $397187.50    | 0.08%             | 2032-02-19      | Variable      | 8.83%                 | No            |                  2 | On Loan: No      |
| AMERICAN MEDICAL SYSTEMS EUROPE BV                               | AMERICAN MEDICAL SYSTEMS EUROPE BV       | CUSIP: 000000000<br>LEI: 549300AA2JE6ZQ5D2493 | Long             | DBT              | CORP              | NL        |      220000 | PA      | $249554.76    | 0.05%             | 2031-03-08      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP LTD                                        | AADVANTAGE LOYALTY IP LTD TLB 2.25       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |      133250 | PA      | $131717.63    | 0.03%             | 2028-04-20      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| INTELSAT LUXEMBOURG SA                                           | INTELSAT CVR                             | CUSIP: 000000000<br>LEI: 54930027UF5LR7S2XC75 | Long             | EC               | CORP              | LU        |        7905 | NS      | $73615.31     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KASEYA INC                                                       | KASEYA INC TLB 3.25                      | CUSIP: 000000000<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |      385000 | PA      | $384726.65    | 0.08%             | 2032-03-20      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| INTELSAT LUXEMBOURG SA                                           | INTELSAT SA/LUXEMBOURG                   | CUSIP: 000000000<br>LEI: 54930027UF5LR7S2XC75 | Long             | EC               | CORP              | LU        |        7905 | NS      | $237150.00    | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| OPAL US LLC                                                      | OPAL US LLC TLB 3.5                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      760000 | PA      | $760380.00    | 0.16%             | 2032-04-28      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                                   | 1261229 BC LTD TLB 6.25                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |      390000 | PA      | $369579.60    | 0.08%             | 2030-10-08      | Variable      | 10.59%                | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                              | CLYDESDALE ACQ HOLD INC DDTL 3.25        | CUSIP: 000000000<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |        7360 | PA      | $7299.12      | 0.00%             | 2032-04-01      | Variable      | 0.22%                 | No            |                  2 | On Loan: No      |
| FISERV FUNDING UNLIMITED CO                                      | FISERV FUNDING UNLIMITED CO              | CUSIP: 000000000<br>LEI: 254900RNWK5SE9A0I712 | Long             | DBT              | CORP              | IE        |      205000 | PA      | $232131.91    | 0.05%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                     | ALPHABET INC                             | CUSIP: 000000000<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |      244000 | PA      | $276334.06    | 0.06%             | 2033-05-06      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | LMNIDP 20250801 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -1 | NC      | $156.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMZSDP 20250801 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -1 | NC      | $-497.99      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMCADP 20250808 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           1 | NC      | $1877.02      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEENSLAND TREASURY CORPORATION                                  | QUEENSLAND TREASURY CORPORATION          | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |      200000 | PA      | $228992.51    | 0.05%             | 2035-05-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | LMCADP 20250812 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           2 | NC      | $-416.98      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMNIDP 20250813 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -1 | NC      | $2693.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMAHDP 20250813 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           1 | NC      | $-790.49      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMAHDP 20250814 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           1 | NC      | $-2246.24     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMAHDP 20250815 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           3 | NC      | $-2744.22     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMNIDP 20250815 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           1 | NC      | $-2641.94     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMCADP 20250815 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           1 | NC      | $574.51       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMZSDP 20250815 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -1 | NC      | $1701.26      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMZSDP 20250821 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           1 | NC      | $-2245.24     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMPBDP 20250822 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           2 | NC      | $-964.48      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMZSDP 20250827 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -6 | NC      | $11719.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMPBDP 20250827 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -7 | NC      | $5558.71      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMCADP 20250827 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           2 | NC      | $-5531.06     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMAHDP 20250827 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -7 | NC      | $3169.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMNIDP 20250827 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -4 | NC      | $8772.84      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMZSDP 20250819 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -1 | NC      | $2094.22      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMAHDP 20250828 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           1 | NC      | $-828.74      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMPBDP 20250828 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           3 | NC      | $-1353.72     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMAHDP 20250829 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           2 | NC      | $-1582.48     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | LMPBDP 20250829 LME COMDTY FWD           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |           1 | NC      | $-366.24      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY CORPORATION OF VICTORIA                                 | TREASURY CORP OF VICTORIA                | CUSIP: 000000000<br>LEI: 549300ZJM7BQW1P9UV75 | Long             | DBT              | NUSS              | AU        |      510000 | PA      | $322682.35    | 0.07%             | 2032-12-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Barclays                                                         | NORWAY KRONA                             | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | NO        |     8075615 | OU      | $26103.76     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | US        |     7473071 | OU      | $-222356.89   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | US        |     1550221 | OU      | $-1660.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | US        |      356480 | OU      | $-4946.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | US        |     1373056 | OU      | $-10868.88    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | US        |      512080 | OU      | $-31915.56    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays                                                         | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | XX        |      718307 | OU      | $-2024.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays                                                         | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | XX        |     1365000 | OU      | $25552.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays                                                         | BRITISH POUND                            | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | GB        |      810465 | OU      | $36522.78     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays                                                         | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | JP        |   493531754 | OU      | $12580.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING                                 | CHARTER COMM OPT/OPT CAP                 | CUSIP: 161175BN3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |      490000 | PA      | $429364.72    | 0.09%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING                                 | CHARTER COMM OPT/OPT CAP                 | CUSIP: 161175BS2<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |      690000 | PA      | $554929.10    | 0.12%             | 2049-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Barclays                                                         | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | JP        |   199040126 | OU      | $-3632.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays                                                         | MEXICAN PESO                             | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | MX        |    10571475 | OU      | $42025.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING                                 | CHARTER COMM OPT/OPT CAP                 | CUSIP: 161175BU7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |       50000 | PA      | $43842.38     | 0.01%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING                                 | CHARTER COMM OPT/OPT CAP                 | CUSIP: 161175BV5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |      400000 | PA      | $256317.52    | 0.05%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Barclays                                                         | NORWAY KRONA                             | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | NO        |     7593141 | OU      | $14289.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays                                                         | SINGAPORE DOLLAR                         | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | SG        |     1096797 | OU      | $5098.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING                                 | CHARTER COMM OPT/OPT CAP                 | CUSIP: 161175BX1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |       20000 | PA      | $16467.34     | 0.00%             | 2032-02-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING                                 | CHARTER COMM OPT LLC/CAP                 | CUSIP: 161175CP7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |       40000 | PA      | $41997.69     | 0.01%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | SET50 FUTURES JUN 25                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | TH        |          10 | NC      | $-1962.39     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | WTI CRUDE OCT 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -2 | NC      | $6076.64      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY PARTNERS LP                                      | CHENIERE ENERGY PARTNERS LP              | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |      735000 | PA      | $687842.02    | 0.14%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHI COMMERCIAL MORTGAGE TRUST CHI_25-SFT                         | CHI_25-SFT                               | CUSIP: 16706GAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      560000 | PA      | $565992.50    | 0.12%             | 2042-04-15      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_23-SMRT                | CGCMT_23-SMRT                            | CUSIP: 17291NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      135000 | PA      | $138433.75    | 0.03%             | 2028-06-10      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | CITIGROUP INC                            | CUSIP: 172967PL9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      315000 | PA      | $315493.68    | 0.07%             | 2035-06-11      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| CINCOR PHARMA INC                                                | CINCOR PHARMA INC RIGHTS                 | CUSIP: 172CVR011<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       44405 | NS      | $168690.15    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST CMLTI_06-AR2                       | CMLTI_06-AR2                             | CUSIP: 17307G6K9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      196245 | PA      | $147921.99    | 0.03%             | 2036-03-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | WTI CRUDE DEC 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -7 | NC      | $14638.03     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | CAN 10YR BOND SEP 25                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | CA        |          41 | NC      | $40105.86     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | DAX INDEX JUN 25                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | DE        |           1 | NC      | $13617.29     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | COPPER JUL 25                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |           1 | NC      | $-6221.57     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_06-WFH3                  | CMLTI_06-WFH3                            | CUSIP: 17309QAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       69641 | PA      | $69578.26     | 0.01%             | 2036-10-25      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                      | CITIBANK NA                              | CUSIP: 17325FBP2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |      330000 | PA      | $332933.03    | 0.07%             | 2030-05-29      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                                    | COPPER JUL 25                            | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | US        |          -3 | NC      | $-5242.60     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CIVITAS RESOURCES INC                                            | CIVITAS RESOURCES INC                    | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |      470000 | PA      | $460349.14    | 0.10%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                                            | CLEARWATER PAPER CORP                    | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |      100000 | PA      | $95681.40     | 0.02%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                             | CLEVELAND-CLIFFS INC                     | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     1045000 | PA      | $937736.62    | 0.19%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                             | CLEVELAND-CLIFFS INC                     | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      385000 | PA      | $330538.67    | 0.07%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | CLOUD SOFTWARE GROUP INC                 | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |      200000 | PA      | $210342.91    | 0.04%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | BRITISH POUND                            | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | GB        |      570382 | OU      | $1107.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | JP        |   297770477 | OU      | $14051.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | JAPANESE YEN                             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | JP        |   297235098 | OU      | $-14677.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | US DOLLARS                               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |     9095764 | OU      | $-251343.87   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | AUSTRALIA DOLLAR                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | AU        |     1336924 | OU      | $-2017.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | XX        |     1683902 | OU      | $28530.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | XX        |      718307 | OU      | $-3647.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | EURO COUNTRIES                           | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | XX        |     1365000 | OU      | $3730.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                          | BAYER US FINANCE II LLC                  | CUSIP: 07274NAN3<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |      520000 | PA      | $445757.60    | 0.09%             | 2038-06-25      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                          | BAYER US FINANCE II LLC                  | CUSIP: 07274NBF9<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |       86000 | PA      | $64416.05     | 0.01%             | 2044-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | EURO-BOBL JUN 25                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | DE        |          22 | NC      | $-7840.61     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | EURO-BOBL JUN 25                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | DE        |         -32 | NC      | $-15728.11    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | EURO-BOBL JUN 25                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | DE        |          -8 | NC      | $-13710.54    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | EURO-BOBL SEP 25                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | DE        |           2 | NC      | $-1.03        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CORPORACION NACIONAL DEL COBRE DE CHILE                          | CORPORACION NACIONAL DEL COBRE DE        | CUSIP: P3143NBP8<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |      200000 | PA      | $190948.66    | 0.04%             | 2033-02-02      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | PALLADIUM SEP 25                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |           1 | NC      | $-3891.70     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | PALLADIUM SEP 25                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |           1 | NC      | $-4156.71     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | MXN/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          83 | NC      | $14126.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | SOYBEAN JUL 25                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |         -42 | NC      | $24268.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | SOYBEAN JUL 25                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |          -8 | NC      | $-8197.56     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | SOYBEAN NOV 25                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |         -24 | NC      | $16646.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | SUGAR #11 MAR 26                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          -9 | NC      | $4124.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | SUGAR #11 MAY 26                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |          -4 | NC      | $685.60       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | SUGAR #11 JUL 25                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |         -23 | NC      | $13232.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | SUGAR #11 OCT 25                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |         -16 | NC      | $9036.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | SUGAR #11 OCT 25                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | US        |         -34 | NC      | $-4901.93     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | SGX TSI IRON ORE CHINA 62% FUT JUL       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              | CORP              | SG        |          22 | NC      | $552.35       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | SGX TSI IRON ORE CHINA 62% FUT JUL       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              | CORP              | SG        |         -16 | NC      | $4906.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | SEK/USD FUTURE (CME) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          17 | NC      | $77309.76     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | ONE-MONTH SOFR FUTURE OCT 25             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |         -14 | NC      | $562.94       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | INR/USD FUTURE (SGX) JUN 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | SG        |          66 | NC      | $1953.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | AUST 10YR BOND JUN 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | AU        |         -46 | NC      | $-52015.71    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | SPI 200 JUN 25                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | AU        |           8 | NC      | $28973.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | SPI 200 JUN 25                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | AU        |           8 | NC      | $16123.67     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | SPI 200 JUN 25                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | AU        |           4 | NC      | $-345.78      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | CAN 5YR BOND SEP 25                      | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | CA        |           1 | NC      | $433.35       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | FTSE CHINA A50 JUN 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | SG        |          39 | NC      | $-1163.76     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | FTSE CHINA A50 JUN 25                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | SG        |          24 | NC      | $-7280.08     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                           | ASIAN DEVELOPMENT BANK                   | CUSIP: Y002MNKZ6<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | CORP              | PH        |     3000000 | PA      | $288982.04    | 0.06%             | 2029-01-22      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| INDIA (REPUBLIC OF)                                              | INDIA (REPUBLIC OF)                      | CUSIP: Y2R35K8G2<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    77000000 | PA      | $939081.35    | 0.20%             | 2029-04-18      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| INDIA (REPUBLIC OF)                                              | INDIA (REPUBLIC OF)                      | CUSIP: Y2R3MBAN5<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    18420000 | PA      | $222133.17    | 0.05%             | 2027-06-20      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                  | CUSIP: Y6S86ZH51<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  6212000000 | PA      | $382291.59    | 0.08%             | 2030-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | AUST 3YR BOND JUN 25                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | AU        |         182 | NC      | $45078.52     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | AUST 3YR BOND JUN 25                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | AU        |          58 | NC      | $-4385.74     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                                    | FTSE 100 INDEX JUN 25                    | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | GB        |          11 | NC      | $24776.55     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | FTSE 100 INDEX JUN 25                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | GB        |          11 | NC      | $8698.77      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SEC                                 | BBCMS_15-SRCH                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      450000 | PA      | $418262.67    | 0.09%             | 2035-08-10      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_1                                 | TPMT_17-4                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      900000 | PA      | $842593.59    | 0.18%             | 2057-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| UK LOGISITICS UKLOG_25-1A                                        | UKLOG_25-1A                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      250000 | PA      | $329244.86    | 0.07%             | 2035-05-17      | Variable      | 9.71%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | MEXICAN PESO                             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | MX        |     5030000 | OU      | $994.73       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | NORWAY KRONA                             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | NO        |     4542576 | OU      | $7270.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | SINGAPORE DOLLAR                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | SG        |     2270414 | OU      | $38550.13     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GERMANY (FEDERAL REPUBLIC OF)                                    | GERMANY (FEDERAL REPUBLIC OF)            | CUSIP: D2R8H4FE4<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |      175000 | PA      | $154788.22    | 0.03%             | 2035-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CLASS III MILK FUTURE JUL 25             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | US        |           5 | NC      | $-1351.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | US DOLLARS                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |      800002 | OU      | $-14115.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | BRAZIL REAL                              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -100000 | OU      | $-1562.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CHILEAN PESO                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -299999 | OU      | $-2877.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | COLOMBIAN PESO                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -100000 | OU      | $2512.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | INDIAN RUPEE                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -399999 | OU      | $-3390.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | INDIAN RUPEE                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -100000 | OU      | $-1564.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | INDIAN RUPEE                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -599999 | OU      | $-7707.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | INDIAN RUPEE                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -200000 | OU      | $-959.30      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | INDIAN RUPEE                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -200000 | OU      | $-477.86      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | INDIAN RUPEE                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -299999 | OU      | $470.22       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | INDIAN RUPEE                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -399999 | OU      | $518.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | INDIAN RUPEE                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -299999 | OU      | $1102.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | INDIAN RUPEE                             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -200000 | OU      | $-290.19      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | KOREAN WON                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -599999 | OU      | $5470.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | KOREAN WON                               | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -200000 | OU      | $2004.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | TAIWAN NEW DOLLAR                        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |     -799998 | OU      | $28715.63     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | COFFEE ROBUSTA JUL 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -3 | NC      | $3266.61      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | COFFEE ROBUSTA SEP 25                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              | CORP              | GB        |          -3 | NC      | $7736.62      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BAYLOR SCOTT & WHITE HOLDINGS                                    | BAYLOR SCOTT & WHITE HOLDINGS            | CUSIP: 072863AE3<br>LEI: 549300JQDKSBWYRGGV95 | Long             | DBT              | CORP              | US        |      500000 | PA      | $489102.01    | 0.10%             | 2026-11-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                                               | CENOVUS ENERGY INC                       | CUSIP: 15135UAR0<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |      310000 | PA      | $266820.04    | 0.06%             | 2047-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                                               | CENOVUS ENERGY INC                       | CUSIP: 15135UAT6<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |      215000 | PA      | $156335.85    | 0.03%             | 2028-02-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                                           | CENTERPOINT ENERGY INC                   | CUSIP: 15189TBD8<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |      430000 | PA      | $472355.00    | 0.10%             | 2026-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CENTEX HOME EQUITY CXHE_05-A                                     | CXHE_05-A                                | CUSIP: 152314MH0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       25316 | PA      | $25311.44     | 0.01%             | 2035-01-25      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                              | NOVOLEX                                  | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |       20000 | PA      | $20198.46     | 0.00%             | 2029-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                              | CLYDESDALE ACQ HOLD INC TLB 3.25         | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |      420995 | PA      | $417509.32    | 0.09%             | 2032-04-01      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GROUP INC                                  | COGENT COMMUNICATIONS GROUP INC          | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |       90000 | PA      | $90496.19     | 0.02%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                           | COLOMBIA (REPUBLIC OF)                   | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |      580000 | PA      | $474897.60    | 0.10%             | 2031-04-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_22-5                               | COLT_22-5                                | CUSIP: 19688LAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      144970 | PA      | $144172.98    | 0.03%             | 2067-04-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_23-1                               | COLT_23-1                                | CUSIP: 19688NAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      300124 | PA      | $300115.58    | 0.06%             | 2068-04-25      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_24-7                               | COLT_24-7                                | CUSIP: 19688YAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      360000 | PA      | $355053.35    | 0.07%             | 2069-12-26      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND                                    | COLUMBIA SHORT TERM CASH FUND            | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   136140694 | NS      | $136099851.48 | 28.29%            |  |  |  | No            |                  1 | On Loan: No      |
| HCA-THE HEALTHCARE CO                                            | HCA INC                                  | CUSIP: 197677AJ6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      115000 | PA      | $120635.88    | 0.03%             | 2027-12-01      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| HCA-THE HEALTHCARE CO                                            | HCA INC                                  | CUSIP: 19767QAQ8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      125000 | PA      | $125786.57    | 0.03%             | 2025-09-15      | Fixed         | 7.58%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING COMPANY LLC                         | COLUMBIA PIPELINES OP CO LLC             | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      275000 | PA      | $283407.18    | 0.06%             | 2033-11-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| CONCERT PHARMACEUTICALS INC                                      | CONCERT PHARMACEUTICALS INC CVR          | CUSIP: 206CVR011<br>LEI: 529900PYI5BSGQNATP82 | Long             | EC               | CORP              | US        |      173147 | NS      | $79284.01     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES CAS_23-R03              | CAS_23-R03                               | CUSIP: 20753AAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      285000 | PA      | $302625.54    | 0.06%             | 2043-04-25      | Variable      | 8.22%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE - CAS_22-R09                                          | CAS_22-R09                               | CUSIP: 20753DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       90624 | PA      | $92230.47     | 0.02%             | 2042-09-25      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST CAS_22-R03                   | CAS_22-R03                               | CUSIP: 20753XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       13108 | PA      | $13321.87     | 0.00%             | 2042-03-25      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE - CAS CAS 22-R04                                      | CAS_22-R04                               | CUSIP: 20753YCH3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       23271 | PA      | $23613.33     | 0.00%             | 2042-03-25      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES CAS_22-R05              | CAS_22-R05                               | CUSIP: 20754DAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      645000 | PA      | $662041.35    | 0.14%             | 2042-04-25      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES TRUST CAS_23-R06        | CAS_23-R06                               | CUSIP: 20754EAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      120000 | PA      | $124112.93    | 0.03%             | 2043-07-25      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES TRUST CAS_24-R02        | CAS_24-R02                               | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      282902 | PA      | $282617.55    | 0.06%             | 2044-02-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES TRUST CAS_21-R02        | CAS_21-R02                               | CUSIP: 20754KAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       80000 | PA      | $84098.83     | 0.02%             | 2041-11-25      | Variable      | 10.52%                | No            |                  2 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES TRUST CAS_22-R01        | CAS_22-R01                               | CUSIP: 20754LAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       16276 | PA      | $16245.32     | 0.00%             | 2041-12-25      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST CAS_22-R06                   | CAS_22-R06                               | CUSIP: 20754NAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       49077 | PA      | $50243.68     | 0.01%             | 2042-05-25      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST CAS_25-R02                   | CAS_25-R02                               | CUSIP: 20754TAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      355000 | PA      | $355274.73    | 0.07%             | 2045-02-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| CONNECTONE BANCORP INC                                           | CONNECTONE BANCORP INC                   | CUSIP: 20786WAF4<br>LEI: 549300E2M5ZYAZKUK134 | Long             | DBT              | CORP              | US        |      270000 | PA      | $271374.65    | 0.06%             | 2035-06-01      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES TRUST CAS_23-R01        | CAS_23-R01                               | CUSIP: 207932AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       86891 | PA      | $88881.87     | 0.02%             | 2042-12-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| CONSECO FINANCE SECURITIZATIONS CORP CNF_01-4                    | CNF_01-4                                 | CUSIP: 20846QHZ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      173673 | PA      | $173570.38    | 0.04%             | 2033-09-01      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS LLC FIDIUM FIBER FINANCE HOLDCO LLC  | CNSL_25-1A                               | CUSIP: 209031AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      420000 | PA      | $434224.22    | 0.09%             | 2055-05-20      | Fixed         | 9.41%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS INC                                  | CONSOLIDATED COMMUNICATIONS INC          | CUSIP: 20903XAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      110000 | PA      | $112309.25    | 0.02%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS INC                                  | CONSOLIDATED COMMUNICATIONS INC          | CUSIP: 20903XAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       20000 | PA      | $20182.91     | 0.00%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES INC                                        | CONTINENTAL RESOURCES INC                | CUSIP: 212015AT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      476000 | PA      | $474120.66    | 0.10%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES INC                                        | CONTINENTAL RESOURCES INC                | CUSIP: 212015AV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      888000 | PA      | $726546.24    | 0.15%             | 2032-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| COLONY AMERICAN FINANCE LTD CAFL_19-3                            | CAFL_19-3                                | CUSIP: 21872NAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       32166 | PA      | $267.86       | 0.00%             | 2052-10-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| COLONY AMERICAN FINANCE LTD CAFL_20-1                            | CAFL_20-1                                | CUSIP: 21872UAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      141576 | PA      | $131506.05    | 0.03%             | 2050-03-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| COLONY AMERICAN FINANCE LTD CAFL_20-1                            | CAFL_20-1                                | CUSIP: 21872UAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      168287 | PA      | $5758.97      | 0.00%             | 2050-03-15      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                    | COREWEAVE INC                            | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |      640000 | PA      | $639223.30    | 0.13%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CORPORACION NACIONAL DEL COBRE DE CHILE                          | CORPORACION NACIONAL DEL COBRE DE        | CUSIP: 21987BAU2<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |      490000 | PA      | $397321.40    | 0.08%             | 2044-11-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CORPORACION NACIONAL DEL COBRE DE CHILE                          | CORPORACION NACIONAL DEL COBRE DE        | CUSIP: 21987BBK3<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |      204000 | PA      | $208522.90    | 0.04%             | 2036-01-26      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR TBA(REG C)                    | CUSIP: 21H040665<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     1750000 | PA      | $1602283.52   | 0.33%             | 2055-06-23      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR TBA(REG C)                    | CUSIP: 21H042661<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     1200000 | PA      | $1131959.30   | 0.24%             | 2054-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR TBA(REG C)                    | CUSIP: 21H050664<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     2525000 | PA      | $2449237.55   | 0.51%             | 2054-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR TBA(REG C)                    | CUSIP: 21H052660<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     3225000 | PA      | $3201694.31   | 0.67%             | 2025-06-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                     | UBS GROUP AG                             | CUSIP: 225401BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      290000 | PA      | $286995.72    | 0.06%             | N/A             | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                     | UBS GROUP AG                             | CUSIP: 225401BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      370000 | PA      | $362647.34    | 0.08%             | N/A             | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                                        | CROCS INC                                | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |      110000 | PA      | $98103.18     | 0.02%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CRSNT TRUST CRSNT_21-MOON                                        | CRSNT_21-MOON                            | CUSIP: 22877LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      492000 | PA      | $482775.00    | 0.10%             | 2036-04-15      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| DB MASTER FINANCE LLC DNKN_19-1A                                 | DNKN_19-1A                               | CUSIP: 233046AK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      179075 | PA      | $177655.92    | 0.04%             | 2049-05-20      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| DATABANK ISSUER LLC COLO_23-1                                    | COLO_23-1                                | CUSIP: 23802WAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      230000 | PA      | $227150.74    | 0.05%             | 2053-02-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DAFC_17-AMO                                                      | DAFC_17-AMO                              | CUSIP: 24500EAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      420000 | PA      | $391849.37    | 0.08%             | 2035-06-05      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL LLC                                           | DELL INTL LLC / EMC CORP                 | CUSIP: 24703TAK2<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |      275000 | PA      | $339088.69    | 0.07%             | 2046-07-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL LLC                                           | DELL INTERNATIONAL LLC/EMC CORP          | CUSIP: 24703TAL0<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |      315000 | PA      | $316341.47    | 0.07%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL LLC                                           | DELL INTERNATIONAL LLC/EMC CORP          | CUSIP: 24703TAM8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |      205000 | PA      | $206079.09    | 0.04%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                              | DELTA AIR LINES 2020-A                   | CUSIP: 247361ZW1<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |       71206 | PA      | $66951.85     | 0.01%             | 2028-06-10      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                              | DOMINION ENERGY INC                      | CUSIP: 25746UDT3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |      335000 | PA      | $346630.42    | 0.07%             | 2055-02-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                              | DOMINION ENERGY INC                      | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |      435000 | PA      | $458751.02    | 0.10%             | 2054-06-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                              | DOMINION ENERGY INC                      | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |      355000 | PA      | $355266.43    | 0.07%             | 2055-05-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| DPABS_15-1A                                                      | DPABS_15-1A                              | CUSIP: 25755TAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      231875 | PA      | $231137.59    | 0.05%             | 2045-10-25      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| DROP MORTGAGE TRUST DROP_21-FILE                                 | DROP_21-FILE                             | CUSIP: 26210YAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      311000 | PA      | $291616.09    | 0.06%             | 2043-10-15      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                 | DUKE ENERGY CORP                         | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |       90000 | PA      | $91147.79     | 0.02%             | 2054-09-01      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                         | DUKE ENERGY PROGRESS LLC                 | CUSIP: 26442RAD3<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |      225000 | PA      | $178762.11    | 0.04%             | 2044-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ELP 2021-ELP                                                     | ELP_21-ELP                               | CUSIP: 26863LAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      349593 | PA      | $348391.35    | 0.07%             | 2038-11-15      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                         | EQT CORP                                 | CUSIP: 26884LAN9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      870000 | PA      | $791332.20    | 0.16%             | 2031-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                         | EQT CORP                                 | CUSIP: 26884LAR0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      175000 | PA      | $176240.44    | 0.04%             | 2034-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                    | ECHOSTAR CORP                            | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |      195000 | PA      | $196103.45    | 0.04%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE CO                                        | EDGEWELL PERSONAL CARE CO                | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |       94000 | PA      | $92420.33     | 0.02%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE CO                                        | EDGEWELL PERSONAL CARE CO                | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |       10000 | PA      | $9360.47      | 0.00%             | 2029-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-23

**Name of Applicant:** Columbia Funds Series Trust I

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer