# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-26-025031
**Filing Date:** 2026-6
**Character Count:** 168911
**Document Hash:** 21ac452e5f40c5f3ab364d010ece92ee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025031.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0000940400-26-025031

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260622

**DATE AS OF CHANGE**: 20260622

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 261107535

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Core Bond Fund (Series ID: S000011761)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000032186 | Payden Core Bond Fund (Investor Class) | PYCBX           |
| C000080936 | Payden Core Bond Fund (Adviser Class)  | PYCWX           |
| C000198612 | Payden Core Bond Fund (SI Class)       | PYCSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Core Bond Fund

- **b. EDGAR series identifier (if any):** S000011761

- **c. LEI of Series:** PYZEQAJEH14U0OYKN091

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1069805483.19

**Total Liabilities:** $34266101.38

**Net Assets:** $1035539381.81

**Delayed Delivery Securities:** $5000000.00

**Stand-by Commitments:** $14634064.59

**Cash Not Reported:** $4929000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 7350.00000000 | **1-Year:** 315.00000000 | **5-Year:** 43712.00000000 | **10-Year:** 82295.00000000 | **30-Year:** 211438.00000000

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

- **3-Month:** 1191.00000000 | **1-Year:** 2638.00000000 | **5-Year:** 9894.00000000 | **10-Year:** -14481.00000000 | **30-Year:** 46774.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032186 | 1.58%                | -2.22%               | 0.42%                |
| Class ID C000080936 | 1.56%                | -2.24%               | 0.40%                |
| Class ID C000198612 | 1.59%                | -2.21%               | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-352367.90              | $8127968.57                                |
| Month 2  | $-421967.80              | $-18370715.42                              |
| Month 3  | $343191.90               | $1527063.90                                |

**Designated Index Information**

- **Index Name:** BBG U.S. Aggregate Index

- **Index Identifier:** LEH_AGG

### Schedule of Portfolio Investments

| Name                                                                    | Title                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO BOARD OF TRADE                                                  | 5-Year T-Note Futures, Jun-2026,ETH                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       539 | NC      | $-787345.09   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                  | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       628 | NC      | $-468876.94   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 MA3802                                                | CUSIP: 36179SGK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2930239 | PA      | $2630925.42   | 0.25%             | 2046-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR SD8245                                                | CUSIP: 3132DWES8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    657725 | PA      | $635750.05    | 0.06%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                                             | MET V5.85 03/15/56 .                                     | CUSIP: 59156RCR7<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3158063.04   | 0.30%             | 2056-03-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CEMEX-CEMENTOS MEXICANOS SAB DE CV                                      | CEMEX V7.2 PERP 144A                                     | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   1300000 | PA      | $1347788.00   | 0.13%             | N/A             | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| OBSIDIAN ENERGY LTD                                                     | OBECN 8.125 12/03/30 144A                                | CUSIP: 674482AE4<br>LEI: 549300DITPHH8W8CK636 | Long             | DBT              | CORP              | CA        |   1850000 | PA      | $1390887.84   | 0.13%             | 2030-12-03      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                    | BAC V5.045 02/06/37                                      | CUSIP: 060505GR9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3644221.54   | 0.35%             | 2037-02-06      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| FIDEICOMISO IRREVOCABLE 1721 BANCO ACTINVER SA                          | FIBRAP 5.625 01/14/38 144A                               | CUSIP: 31575KAB1<br>LEI: 549300JMTSVQ6LKX5222 | Long             | DBT              | CORP              | MX        |   2000000 | PA      | $1975000.00   | 0.19%             | 2038-01-14      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN BM2007                                                | CUSIP: 3140J6GR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2724262 | PA      | $2595124.26   | 0.25%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                       | Venture Global Calcasieu Pass Term Loan B 325 2033-03-28 | CUSIP: 12867PAB7<br>LEI: 549300GKHS6RS20NLH85 | Long             | LON              | CORP              | US        |   1445000 | PA      | $1451321.88   | 0.14%             | 2033-04-11      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| ASB BANK LTD                                                            | ASBBNK V5.284 06/17/32 144A                              | CUSIP: 04342JAA5<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |   1800000 | PA      | $1808853.37   | 0.17%             | 2032-06-17      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                               | IRS USD                                                  | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $1181447.03   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES7                                           | RCKT 2025-CES7 A1A                                       | CUSIP: 74943AAA0<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-O            | CORP              | US        |   1920343 | PA      | $1926593.30   | 0.19%             | 2055-07-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM14 TRUST                                                    | OBX 2024-NQM14 A1                                        | CUSIP: 67119XAC8<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-O            | CORP              | US        |   1182974 | PA      | $1183067.35   | 0.11%             | 2064-09-25      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                                     | SUMIBK V5.334 03/03/41                                   | CUSIP: 86562MEK2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   3200000 | PA      | $3122206.11   | 0.30%             | 2041-03-03      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| MARCOBRE SAC                                                            | MARSAC 5.75 01/22/36 144A                                | CUSIP: 56625AAA2<br>LEI: 254900BORIUZFCM1XB72 | Long             | DBT              | CORP              | PE        |   1350000 | PA      | $1332112.50   | 0.13%             | 2036-01-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                           | SOAF 6.125 12/11/37 144A                                 | CUSIP: 836205BH6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1500000 | PA      | $1431076.50   | 0.14%             | 2037-12-11      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FM4994                                                | CUSIP: 3140X8RQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2943525 | PA      | $2404639.75   | 0.23%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                                   | Payden Emerging Markets Corporate Bond Fund              | CUSIP: 704329176<br>LEI: 549300QJNYRKYZS3P282 | Long             | EC               | RF                | US        |   1532310 | NS      | $13469002.68  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2014/1                     | ACAR 2024-1 E                                            | CUSIP: 02531AAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1645347.52   | 0.16%             | 2031-11-12      | Fixed         | 7.98%                 | No            |                  2 | On Loan: No      |
| AREIT 2025-CRE11 LTD                                                    | AREIT 2025-CRE11 A                                       | CUSIP: 04002DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4011018.80   | 0.39%             | 2043-07-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA4761                                                | CUSIP: 31418EJF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3360157 | PA      | $3333710.67   | 0.32%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                               | IRS USD                                                  | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-251499.17   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES6                                           | RCKT 2025-CES6 A1A                                       | CUSIP: 748949AA2<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-O            | CORP              | US        |    922048 | PA      | $926612.20    | 0.09%             | 2055-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust 2026-ESH2                                   | ESA 2026-ESH2 A                                          | CUSIP: 30227WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3196950 | PA      | $3203949.96   | 0.31%             | 2043-02-18      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FS4931                                                | CUSIP: 3140XLPR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2211499 | PA      | $2274755.86   | 0.22%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENERGUATE TRUST 2.0                                                     | EGUATE 6.35 09/15/35 144A                                | CUSIP: 29277RAB1<br>LEI: 2549000ZL9MU01FZK194 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $1003649.57   | 0.10%             | 2035-09-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Emg Utica Midstream Holdings LLC                                        | EMG Utica Midstream Term Loan B 400 2030-04-01           | CUSIP: 26869HAB3<br>LEI: 254900H5HLPM7ZD1LU54 | Long             | LON              | CORP              | US        |   2474918 | PA      | $2499667.04   | 0.24%             | 2030-04-01      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR RA8415                                                | CUSIP: 3133KQK47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2847165 | PA      | $2878008.26   | 0.28%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| C&W SENIOR FINANCE LTD                                                  | CWCFIN 9 01/15/33 144A                                   | CUSIP: 12665MAA0<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $3077057.01   | 0.30%             | 2033-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-1                                       | VERUS 2025-1 A1                                          | CUSIP: 92540TAA8<br>LEI: 213800JOKZMXZECMAB50 | Long             | ABS-O            | CORP              | US        |   3373363 | PA      | $3397745.80   | 0.33%             | 2070-01-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                 | HYNMTR 4.55 01/08/31 144A                                | CUSIP: 44891AEE3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3352679.24   | 0.32%             | 2031-01-08      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                                    | FLTR 5.875 06/04/31 144A                                 | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |   1600000 | PA      | $1595264.00   | 0.15%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                               | IRS USD                                                  | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $719486.80    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| FLOWERS FOODS INC                                                       | FLO 5.75 03/15/35                                        | CUSIP: 343498AD3<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2699754.09   | 0.26%             | 2035-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| SUNOCO LP                                                               | SUN 6.25 07/01/33 144A                                   | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1595198.28   | 0.15%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA (CA), STATE OF                                               | CA CAS 7.5 04/01/2034                                    | CUSIP: 13063A5E0<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5736763.38   | 0.55%             | 2034-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM3                               | BRAVO 2026-NQM1 A1                                       | CUSIP: 10570CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1817672 | PA      | $1809791.10   | 0.17%             | 2065-12-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| BXMT 2026-FL6 LTD                                                       | BXMT 2026-FL6 A                                          | CUSIP: 05620AAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1600993.28   | 0.15%             | 2043-08-19      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| TACO BELL FUNDING LLC                                                   | BELL 2025-1A A2I                                         | CUSIP: 87342RAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2972472.90   | 0.29%             | 2055-08-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| COMPANIA DE MINAS BUENAVENTURA SA                                       | BUENAV 6.8 02/04/32 144A                                 | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |   1400000 | PA      | $1438752.00   | 0.14%             | 2032-02-04      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                                   | Payden Emerging Markets Local Bond Fund                  | CUSIP: 70432T867<br>LEI: 549300QJNYRKYZS3P282 | Long             | EC               | RF                | US        |    890041 | NS      | $8580000.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| MACQUARIE GROUP LTD                                                     | MQGAU V3.763 11/28/28 144A                               | CUSIP: 55608JAK4<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |   2750000 | PA      | $2715821.13   | 0.26%             | 2028-11-28      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC                                         | PFSI 6.875 05/15/32 144A                                 | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1187753.40   | 0.11%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                               | IRS USD                                                  | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-833004.71   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                       | LYB 5.875 01/15/36                                       | CUSIP: 50249AAR4<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   3350000 | PA      | $3385731.30   | 0.33%             | 2036-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| Hut 8 DC LLC                                                            | HUTRBA 6.192 11/15/42 144A                               | CUSIP: 44813DAA4<br>LEI: 2549001DBTVKADI7M690 | Long             | DBT              | CORP              | CA        |   2900000 | PA      | $2925834.94   | 0.28%             | 2042-11-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CA6416                                                | CUSIP: 3140QEDW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1941516 | PA      | $1733589.67   | 0.17%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                                                      | SAAVIE 8.875 02/10/35 144A                               | CUSIP: 78518PAA3<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | LU        |   2000000 | PA      | $2227100.00   | 0.22%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUISITION CORP                                     | RISBAK 8.625 11/01/31 144A                               | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |    545000 | PA      | $557816.16    | 0.05%             | 2031-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                              | COF V5.399 01/30/37                                      | CUSIP: 14040HDQ5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4421916.32   | 0.43%             | 2037-01-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB4211                                                | CUSIP: 3140QPVD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1199683 | PA      | $1160789.08   | 0.11%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-R1                                      | VERUS 2024-R1 A1                                         | CUSIP: 924926AA6<br>LEI: 213800A8V9BALJ9WKP38 | Long             | ABS-O            | CORP              | US        |    967214 | PA      | $968595.12    | 0.09%             | 2069-09-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FM1717                                                | CUSIP: 3140X44B9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1349486 | PA      | $1269519.23   | 0.12%             | 2045-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EQUINIX EUROPE 2 FINANCING CORP LLC                                     | EQIX 4.6 11/15/30                                        | CUSIP: 29390XAG9<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3277934.65   | 0.32%             | 2030-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                               | IRS USD                                                  | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-515138.81   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA4918                                                | CUSIP: 31418EPC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2535278 | PA      | $2511497.45   | 0.24%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                             | ORCL 6.25 11/09/32                                       | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2258957.56   | 0.22%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LTD                                             | AVOL 4.7 01/30/31 144A                                   | CUSIP: 05401ABD2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $2947519.35   | 0.28%             | 2031-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                                                       | CPPIBC 1.95 09/30/29 144A                                | CUSIP: 12593CAJ0<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | CORP              | CA        |   5270000 | PA      | $3722501.27   | 0.36%             | 2029-09-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| PARAGUAY, REPUBLIC OF - MINISTRY OF FINANCE                             | PARGUY 6.65 03/04/55 144A                                | CUSIP: 699149BY5<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    800000 | PA      | $846200.00    | 0.08%             | 2055-03-04      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| OHI GROUP SA                                                            | OHIFLY 13 07/22/29 144A                                  | CUSIP: 67712MAB5<br>LEI: 529900GW2J8DSYJHEH26 | Long             | DBT              | CORP              | LU        |   2517500 | PA      | $2566049.33   | 0.25%             | 2029-07-22      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| COLOGIX CANADIAN ISSUER LP                                              | CLGIX 2022-1CAN A2                                       | CUSIP: 19521DAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3225000 | PA      | $2361145.88   | 0.23%             | 2052-01-25      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                      | BX 2024-CNYN D                                           | CUSIP: 05612HAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1782404 | PA      | $1787562.86   | 0.17%             | 2041-04-15      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                                      | RRX 6.4 04/15/33                                         | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2501151.81   | 0.24%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | T 4.75 02/15/56                                          | CUSIP: 912810UR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15750000 | PA      | $15165527.27  | 1.46%             | 2056-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                               | IRS AUD                                                  | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-804801.72   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| NUVEEN LLC                                                              | TIAAGL 5.85 04/15/34 144A                                | CUSIP: 67080LAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $930047.46    | 0.09%             | 2034-04-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                          | CVI 7.875 02/15/34 144A                                  | CUSIP: 12662PAJ7<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2609531.60   | 0.25%             | 2034-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB8021                                                | CUSIP: 3140QT4F3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4190280 | PA      | $4411101.61   | 0.43%             | 2054-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SA                                                            | SNFF 5.626 03/31/31 144A                                 | CUSIP: 784944AA8<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |   2650000 | PA      | $2687189.23   | 0.26%             | 2031-03-31      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FNMA-30YR                                                | CUSIP: 01F052656<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4700000 | PA      | $4724113.82   | 0.46%             | 2056-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM16 TRUST                                                    | OBX 2024-NQM16 A1                                        | CUSIP: 67120GAA6<br>LEI: 254900AIRPH5Q5COT575 | Long             | ABS-O            | CORP              | US        |   1137568 | PA      | $1146005.40   | 0.11%             | 2064-10-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                          | MS V4.654 10/18/30                                       | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2646002.48   | 0.26%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR SD8106                                                | CUSIP: 3132DWAF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4345361 | PA      | $3518393.94   | 0.34%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BKV UPSTREAM MIDSTREAM LLC                                              | BKVCOR 7.5 10/15/30 144A                                 | CUSIP: 05619CAA3<br>LEI: 254900LG75NBYHBBAU18 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1798137.25   | 0.17%             | 2030-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA4842                                                | CUSIP: 31418ELY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3673668 | PA      | $3714226.48   | 0.36%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                               | IRS USD                                                  | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-813015.08   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | TII 1.625 04/15/30                                       | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18991360 | PA      | $19295372.93  | 1.86%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| FLATIRON CLO 23 LLC                                                     | FLAT 2023-1A AR                                          | CUSIP: 33883DAQ7<br>LEI: 254900WPX2H2R5L2RO76 | Long             | ABS-CBDO         | CORP              | US        |   2350000 | PA      | $2351395.90   | 0.23%             | 2036-04-17      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                               | OKE 4.75 10/15/31                                        | CUSIP: 682680CD3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3578772.28   | 0.35%             | 2031-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAPITAL MARKETS US LLC                                       | REPSEP 5.204 09/16/30 144A                               | CUSIP: 76026AAB3<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2785202.26   | 0.27%             | 2030-09-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS PRIVATE CREDIT CORP                                       | GSCRED 5.375 01/31/29 144A                               | CUSIP: 38152BAE1<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1580379.25   | 0.15%             | 2029-01-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN BM2003                                                | CUSIP: 3140J6GM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    709606 | PA      | $676415.98    | 0.07%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                                      | HPE 4.85 10/15/31                                        | CUSIP: 42824CBU2<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1939360.57   | 0.19%             | 2031-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA5073                                                | CUSIP: 31418ET75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2555524 | PA      | $2620460.80   | 0.25%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR RA6823                                                | CUSIP: 3133KNSL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3171188 | PA      | $2579476.15   | 0.25%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR SD0729                                                | CUSIP: 3132DMY25<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2581021 | PA      | $2096790.74   | 0.20%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                               | IRS USD                                                  | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $1408576.45   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Fr Br Holdings, L.L.C.                                                  | FR BR Holdings (Blue Racer) Term Loan B 425 2030-09-23   | CUSIP: 30260XAD1<br>LEI: 549300FJFG2CK1VX3Y85 | Long             | LON              | CORP              | US        |   1641536 | PA      | $1647691.95   | 0.16%             | 2030-10-09      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                           | GS V5.218 04/23/31                                       | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8639890.28   | 0.83%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| PHILLIPS EDISON GROCERY CENTER OPERATING PARTNERSHIP I LP               | PECO 4.75 03/15/33                                       | CUSIP: 71845JAE8<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3237314.98   | 0.31%             | 2033-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP                                            | AM 5.75 10/15/33 144A                                    | CUSIP: 03690AAM8<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1697615.92   | 0.16%             | 2033-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA (CA), STATE OF                                               | CA CAS 7.55 04/01/2039                                   | CUSIP: 13063A5G5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1772825.09   | 0.17%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| TENNESSEE VALLEY AUTHORITY (TN)                                         | TVA 5.25 09/15/39                                        | CUSIP: 880591EH1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   4280000 | PA      | $4452447.71   | 0.43%             | 2039-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BSPRT 2025-FL12 ISSUER LLC                                              | BSPRT 2025-FL12 AS                                       | CUSIP: 05619BAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1565000 | PA      | $1567987.43   | 0.15%             | 2043-01-17      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB9929                                                | CUSIP: 3140QWA77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2556427 | PA      | $2619879.36   | 0.25%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                      | ALLY V7.1 PERP D                                         | CUSIP: 02005NCB4<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2498957.00   | 0.24%             | N/A             | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB2542                                                | CUSIP: 3140QMZG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2108595 | PA      | $1804730.66   | 0.17%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                               | IRS USD                                                  | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $596041.02    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN AZ7336                                                | CUSIP: 3140E0EJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1246161 | PA      | $1158754.00   | 0.11%             | 2045-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BOEING COMPANY (THE)                                                    | BA 5.04 05/01/27                                         | CUSIP: 097023CU7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75429.21     | 0.01%             | 2027-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FS2462                                                | CUSIP: 3140XHWY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1532140 | PA      | $1358882.97   | 0.13%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BBVA MEXICO SA TEXAS BRANCH                                             | BBVASM 5.25 09/10/29 144A                                | CUSIP: 07336UAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1528875.00   | 0.15%             | 2029-09-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ABU DHABI NATIONAL ENERGY COMPANY PJSC (TAQA)                           | TAQAUH 4.375 10/09/31 144A                               | CUSIP: 00388WAQ4<br>LEI: 213800UNJSVQFNUYYW03 | Long             | DBT              | CORP              | AE        |   3450000 | PA      | $3369772.77   | 0.33%             | 2031-10-09      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | T 3.625 05/15/53                                         | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11890000 | PA      | $9413071.51   | 0.91%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AGL CLO 22 LTD                                                          | AGL 2022-22A A1R                                         | CUSIP: 00118XAS5<br>LEI: 54930001FXLJVDHJU506 | Long             | ABS-CBDO         | CORP              | JE        |   4000000 | PA      | $3996416.00   | 0.39%             | 2037-01-21      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                              | COF V7.624 10/30/31 .                                    | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1518321.37   | 0.15%             | 2031-10-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL         | BRAZIL 4.875 04/23/33                                    | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1580000 | PA      | $1838141.29   | 0.18%             | 2033-04-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GALAXY XXII CLO LTD                                                     | GALXY 2016-22A AR4                                       | CUSIP: 36320TBM4<br>LEI: 54930022KENWLYJ8SJ86 | Long             | ABS-CBDO         | CORP              | KY        |   4700000 | PA      | $4693208.50   | 0.45%             | 2034-04-17      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                       | SWOP IRS USD                                             | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |  96020000 | NC      | $1332101.27   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                                      | ATH V6.625 10/15/54                                      | CUSIP: 04686JAJ0<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2380696.36   | 0.23%             | 2054-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA5040                                                | CUSIP: 31418ES68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3548172 | PA      | $3643949.36   | 0.35%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                                        | DB V2.311 11/16/27                                       | CUSIP: 251526CP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2223475.56   | 0.21%             | 2027-11-16      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 785219                                                | CUSIP: 3622AAVL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3048663 | PA      | $2486469.68   | 0.24%             | 2050-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB2759                                                | CUSIP: 3140QNB50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5842925 | PA      | $5132812.37   | 0.50%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING LP                                          | WES 6.35 01/15/29                                        | CUSIP: 958667AF4<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    350000 | PA      | $364407.77    | 0.04%             | 2029-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                 | HYNMTR 1.8 01/10/28 144A                                 | CUSIP: 44891ABT3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2579742.00   | 0.25%             | 2028-01-10      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec                                          | American Credit Acceptance Receivables Trust 2026-2      | CUSIP: 02528FAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2697767.10   | 0.26%             | 2032-05-10      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN BC8998                                                | CUSIP: 3140F47L4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4250062 | PA      | $3824399.37   | 0.37%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 MA5265                                                | CUSIP: 36179TZ65<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2924333 | PA      | $2875272.80   | 0.28%             | 2048-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                            | UBS V9.25 PERP 144a                                      | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2800000 | PA      | $3031728.00   | 0.29%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FS0349                                                | CUSIP: 3140XFL74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5715144 | PA      | $4658039.93   | 0.45%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                    | BAC V4.623 05/09/29                                      | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2757163.78   | 0.27%             | 2029-05-09      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                      | BX 2026-CSMO B                                           | CUSIP: 12433LAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2509031.50   | 0.24%             | 2031-02-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2026-1                                       | VERUS 2026-1 A1                                          | CUSIP: 92541JAF8<br>LEI: 2138009KJR7Q44BI8668 | Long             | ABS-O            | CORP              | US        |   1119999 | PA      | $1116594.36   | 0.11%             | 2071-01-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| BERMUDA, GOVERNMENT OF                                                  | BERMUD 3.375 08/20/50 144A                               | CUSIP: 085209AH7<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    900000 | PA      | $637470.00    | 0.06%             | 2050-08-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO                | PERU 5.375 02/08/35                                      | CUSIP: 715638EB4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   1500000 | PA      | $1515750.00   | 0.15%             | 2035-02-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM12 TRUST                                                    | OBX 2024-NQM12 A1                                        | CUSIP: 67448PAA1<br>LEI: 254900MY906NOBBPOA44 | Long             | ABS-O            | CORP              | US        |   1219283 | PA      | $1224986.38   | 0.12%             | 2064-07-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                           | VST 4.6 10/15/30 144A                                    | CUSIP: 92840VAV4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2504369.79   | 0.24%             | 2030-10-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                                   | OBDC 5.95 03/15/29                                       | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1988733.00   | 0.19%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 MA8044                                                | CUSIP: 36179W5D6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2248455 | PA      | $2051661.49   | 0.20%             | 2052-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-8                                       | VERUS 2024-8 A1                                          | CUSIP: 92540PAA6<br>LEI: 213800RZ8QGNZ38DSP77 | Long             | ABS-O            | CORP              | US        |   1157349 | PA      | $1161690.94   | 0.11%             | 2069-10-25      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                      | EXE 5.7 01/15/35                                         | CUSIP: 165167DH7<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   3875000 | PA      | $3954140.37   | 0.38%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR RA8647                                                | CUSIP: 3133KQTC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1405992 | PA      | $1358644.79   | 0.13%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| IDAHO HSG & FIN ASSN                                                    | ID IDSSFH 6 01/01/2065                                   | CUSIP: 45129Y7Z3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1945000 | PA      | $2028409.65   | 0.20%             | 2065-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES INC                              | FIS 4.8 03/10/31                                         | CUSIP: 31620MCE4<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2487172.48   | 0.24%             | 2031-03-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                      | ET 5.75 02/15/33                                         | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2175000 | PA      | $2265573.16   | 0.22%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                         | SYNH 9 10/01/30 144A                                     | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    750000 | PA      | $786603.00    | 0.08%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB1301                                                | CUSIP: 3140QLNT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3825850 | PA      | $3274203.54   | 0.32%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | TII 1.375 07/15/33                                       | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14902323 | PA      | $14692783.67  | 1.42%             | 2033-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CROSS 2024-H7 MORTGAGED TRUST                                           | CROSS 2024-H7 A1                                         | CUSIP: 22757CAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    949623 | PA      | $954872.61    | 0.09%             | 2069-11-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL LTD                                            | PHOAVI 9.25 07/15/30 144A                                | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    550000 | PA      | $561768.90    | 0.05%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB4127                                                | CUSIP: 3140QPSR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4107689 | PA      | $3970636.40   | 0.38%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                                                      | RPRX 4.45 03/25/31                                       | CUSIP: 78081BAT0<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   3650000 | PA      | $3608925.20   | 0.35%             | 2031-03-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST 2023-D                                     | DC 2023-DC A                                             | CUSIP: 24023AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2050000 | PA      | $2095079.71   | 0.20%             | 2040-09-12      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| JAB HOLDINGS BV                                                         | JABHOL 2.2 11/23/30 144A                                 | CUSIP: 46653KAA6<br>LEI: 529900RRNKUM3INJGF98 | Long             | DBT              | CORP              | NL        |   1337000 | PA      | $1198890.47   | 0.12%             | 2030-11-23      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FS8791                                                | CUSIP: 3140XQXV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3016076 | PA      | $3084534.59   | 0.30%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                   | FABSJV 5.9 01/25/30                                      | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2594946.70   | 0.25%             | 2030-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC                                      | MNET 2026-1A A2                                          | CUSIP: 59170JBK3<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |   4250000 | PA      | $4267896.75   | 0.41%             | 2056-04-20      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING LP                                          | WES 6.15 04/01/33                                        | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1416620.73   | 0.14%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                      | SANTAN V1.722 09/14/27                                   | CUSIP: 05964HAN5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2200000 | PA      | $2176838.64   | 0.21%             | 2027-09-14      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                                                    | VRSK 5.125 03/15/36                                      | CUSIP: 92345YAQ9<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2298074.99   | 0.22%             | 2036-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                                                 | CACLN 2021-1 R                                           | CUSIP: 46591HBW9<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | ABS-O            | CORP              | US        |    191473 | PA      | $194691.18    | 0.02%             | 2028-09-25      | Fixed         | 28.35%                | No            |                  2 | On Loan: No      |
| BSPRT 2025-FL12 ISSUER LLC                                              | BSPRT 2025-FL12 A                                        | CUSIP: 05619BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2003736.00   | 0.19%             | 2043-01-17      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FS3838                                                | CUSIP: 3140XKHQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2846152 | PA      | $2729430.78   | 0.26%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ESENTIA GAS ENTERPRISES SRL DE CV                                       | FERMCA 6.375 03/30/38 144A                               | CUSIP: 31503AAA2<br>LEI: 549300HYMZDEHWD3X752 | Long             | DBT              | CORP              | MX        |    174452 | PA      | $178545.99    | 0.02%             | 2038-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC (THE)                                            | WMB 5.3 08/15/28                                         | CUSIP: 969457CK4<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3209030.28   | 0.31%             | 2028-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB2839                                                | CUSIP: 3140QNEM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3838941 | PA      | $3133197.51   | 0.30%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FM9750                                                | CUSIP: 3140XDZQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1251207 | PA      | $1140664.44   | 0.11%             | 2048-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES11                                          | RCKT 2025-CES11 A1A                                      | CUSIP: 749423AA7<br>LEI: 254900BTBXWWIQBK4D47 | Long             | ABS-O            | CORP              | US        |   2859908 | PA      | $2848827.09   | 0.28%             | 2055-11-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| ACORE 2026-FL1 ISSUER LLC                                               | ACORE 2026-FL1 A                                         | CUSIP: 00485EAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1600000 | PA      | $1601477.76   | 0.15%             | 2043-08-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                                                      | VLO 5.15 03/10/36                                        | CUSIP: 91913YBG4<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3792200.53   | 0.37%             | 2036-03-10      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL & GAS OPERATING LLC                                        | MGY 6.875 12/01/32 144A                                  | CUSIP: 559665AB0<br>LEI: 984500CG376B0B99F016 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2536323.30   | 0.24%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                                               | BNS V8 01/27/84                                          | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2050000 | PA      | $2175168.90   | 0.21%             | 2084-01-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2025-NQM9                               | BRAVO 2025-NQM9 A1                                       | CUSIP: 10569WAC5<br>LEI: 254900XY2WSFF1Q6S467 | Long             | ABS-O            | CORP              | US        |   2494124 | PA      | $2491435.86   | 0.24%             | 2065-09-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO LP                                              | PENSKE 5.25 07/01/29 144A                                | CUSIP: 709599CA0<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3553285.72   | 0.34%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2025-NQM10                              | BRAVO 2025-NQM10 A1                                      | CUSIP: 10570BAC8<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-O            | CORP              | US        |   3563504 | PA      | $3553401.93   | 0.34%             | 2065-09-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                                      | HPE 4.4 10/15/30                                         | CUSIP: 42824CCA5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3933745.12   | 0.38%             | 2030-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                           | C V4.952 05/07/31                                        | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5300000 | PA      | $5337860.97   | 0.52%             | 2031-05-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES5                                           | RCKT 2025-CES5 A1A                                       | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-O            | CORP              | US        |   1483554 | PA      | $1495361.07   | 0.14%             | 2055-05-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CA6739                                                | CUSIP: 3140QEPZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3045573 | PA      | $2674426.05   | 0.26%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES INC                                               | HBAN V6.141 11/18/39                                     | CUSIP: 446150BF0<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3058278.27   | 0.30%             | 2039-11-18      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Nationstar Mortgage Loan Trust                                          | NSMLT 2013-A A                                           | CUSIP: 63861HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    108754 | PA      | $104506.38    | 0.01%             | 2052-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FS3111                                                | CUSIP: 3140XJN58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2180460 | PA      | $2167413.50   | 0.21%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-C                        | SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-C         | CUSIP: 80281HAD6<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       150 | NS      | $1591679.34   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                           | SOAF 5.875 06/22/30 12Y                                  | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1350000 | PA      | $1377553.78   | 0.13%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB3258                                                | CUSIP: 3140QNTQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4403725 | PA      | $4030529.07   | 0.39%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB5113                                                | CUSIP: 3140QQVF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4342138 | PA      | $4390738.62   | 0.42%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN AS8305                                                | CUSIP: 3138WJGP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1769979 | PA      | $1592248.91   | 0.15%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA INC                                              | SANUSA V5.353 09/06/30                                   | CUSIP: 80282KBM7<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3234444.61   | 0.31%             | 2030-09-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LENDING FUND                                         | BXSL 2.75 09/16/26                                       | CUSIP: 09261XAB8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2307567.11   | 0.22%             | 2026-09-16      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA4785                                                | CUSIP: 31418EJ76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2906530 | PA      | $2880987.69   | 0.28%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILLIPS EDISON GROCERY CENTER OPERATING PARTNERSHIP I LP               | PECO 2.625 11/15/31                                      | CUSIP: 71845JAA6<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2205190.77   | 0.21%             | 2031-11-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL COMPANY                                               | ARAMCO 5.875 07/17/64 144A                               | CUSIP: 80414L2Q7<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |   2950000 | PA      | $2783997.78   | 0.27%             | 2064-07-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                      | ALLY V4.7 PERP B                                         | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2445125.97   | 0.24%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                      | BX 2024-XL5 D                                            | CUSIP: 05612GAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1330000 | PA      | $1333791.70   | 0.13%             | 2041-03-15      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HOLDINGS INC                                       | MSSCRK 8.25 09/01/31 144A                                | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |   3590000 | PA      | $3636407.93   | 0.35%             | 2031-09-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NXPT COMMERCIAL MORTGAGE TRUST 2024-STOR                                | NXPT 2024-STOR A                                         | CUSIP: 67119YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3600000 | PA      | $3546280.44   | 0.34%             | 2041-11-07      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                        | VBTEL 2024-1A F                                          | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1538015.70   | 0.15%             | 2054-05-15      | Fixed         | 8.87%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                                          | SNX 4.3 01/17/29                                         | CUSIP: 87162WAM2<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1088300.20   | 0.11%             | 2029-01-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR ZT1159                                                | CUSIP: 3132ADJC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2154254 | PA      | $2019980.78   | 0.20%             | 2044-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                   | AAL 3.15 02/15/32 AA                                     | CUSIP: 02377LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2272809 | PA      | $2132527.26   | 0.21%             | 2032-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                          | VARNO 7.5 01/15/28 144A                                  | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1450000 | PA      | $1512443.26   | 0.15%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EARTHQUAKE AUTHORITY (CA)                                    | CA CASGEN 5.6 07/01/2027                                 | CUSIP: 13017HAP1<br>LEI: 254900P2MGLOUH3QS859 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1698582.51   | 0.16%             | 2027-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | F 5.918 03/20/28                                         | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2636202.14   | 0.25%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| SV RNO PROPERTY OWNER 1 LLC                                             | TRACTC 5.875 03/01/31 144A                               | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1669057.77   | 0.16%             | 2031-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | T 3.75 02/28/33                                          | CUSIP: 91282CQC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7060000 | PA      | $6874675.00   | 0.66%             | 2033-02-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR ZT0534                                                | CUSIP: 3132ACSX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2661433 | PA      | $2480738.36   | 0.24%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB6689                                                | CUSIP: 3140QSNF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4152024 | PA      | $4195820.81   | 0.41%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELECTRICIDAD                                        | CFELEC 6.045 01/28/34 144A                               | CUSIP: 200447AQ3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |   2000000 | PA      | $1977260.00   | 0.19%             | 2034-01-28      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR ZS4682                                                | CUSIP: 3132A5FX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    623825 | PA      | $561019.98    | 0.05%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DUQUESNE LIGHT HOLDINGS INC                                             | DQE 2.775 01/07/32 144A                                  | CUSIP: 266233AJ4<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |   2325000 | PA      | $2056562.29   | 0.20%             | 2032-01-07      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST 2025-S1                                    | DRIVE 2025-S1 R1                                         | CUSIP: 26210HAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1040658 | PA      | $1048289.48   | 0.10%             | 2029-06-16      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| CROSS 2024-H8 MORTGAGED TRUST                                           | CROSS 2024-H8 A1                                         | CUSIP: 22757GAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1155199 | PA      | $1162136.13   | 0.11%             | 2069-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2016-FL1 LTD                  | ARCREN 2026-FL1 A                                        | CUSIP: 03881XAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3550000 | PA      | $3557806.10   | 0.34%             | 2043-09-22      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                             | STWD 5.25 10/15/28 144A                                  | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2837999.79   | 0.27%             | 2028-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES UTICA HOLDINGS LLC/ARU FINANCE CORP                    | ASCRES 6.625 07/15/33 144A                               | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1696071.30   | 0.16%             | 2033-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                                    | SHEARE 9.625 09/15/32 144A                               | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $544252.28    | 0.05%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                                  | BPLN V6.45 PERP                                          | CUSIP: 05565QDW5<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   1750000 | PA      | $1833420.75   | 0.18%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | F 5.42 04/09/31                                          | CUSIP: 345397J61<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2379686.40   | 0.23%             | 2031-04-09      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                                                      | CVECN 4.65 03/20/31                                      | CUSIP: 15135UBA6<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |   3650000 | PA      | $3632713.82   | 0.35%             | 2031-03-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 MA6930                                                | CUSIP: 36179VVX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1454995 | PA      | $1200728.02   | 0.12%             | 2050-10-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GROUP INC                                      | MUFG V5.159 04/24/31                                     | CUSIP: 606822DK7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   3100000 | PA      | $3144546.91   | 0.30%             | 2031-04-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| BASSWOOD PARK CLO LTD                                                   | BARK 2021-1A AR                                          | CUSIP: 070252AJ0<br>LEI: 5493005HSAGIQZIVAS94 | Long             | ABS-CBDO         | CORP              | KY        |   3700000 | PA      | $3701731.60   | 0.36%             | 2034-04-20      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| WINDFALL MINING GROUP INC                                               | GFISJ 5.854 05/13/32 144A                                | CUSIP: 973244AA4<br>LEI: 984500E4L49391BFF948 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $829627.66    | 0.08%             | 2032-05-13      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | T 3.875 12/31/32                                         | CUSIP: 91282CPQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     10000 | PA      | $9819.14      | 0.00%             | 2032-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 MA3663                                                | CUSIP: 36179SB89<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1977877 | PA      | $1826263.13   | 0.18%             | 2046-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURANCE COMPANY                                     | NATMUT 9.375 08/15/39 144A                               | CUSIP: 638671AK3<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1681247.67   | 0.16%             | 2039-08-15      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM1 TRUST                                                     | OBX 2025-NQM1 A1                                         | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-O            | CORP              | US        |   2206513 | PA      | $2219915.79   | 0.21%             | 2064-12-25      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANKS                                                 | FHLB 1.8 02/04/36                                        | CUSIP: 3130AKXF8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   6000000 | PA      | $4633359.66   | 0.45%             | 2036-02-04      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC                                             | EUR/USD FORWARD                                          | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-60301.51    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FM3162                                                | CUSIP: 3140X6QQ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1756089 | PA      | $1604388.97   | 0.15%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FS0287                                                | CUSIP: 3140XFJ93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2783189 | PA      | $2267228.45   | 0.22%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GRUPO NUTRESA SA                                                        | NUTRES V7.875 PERP 144A                                  | CUSIP: 40052JAA9<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |   2200000 | PA      | $2200000.00   | 0.21%             | N/A             | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | T 3 02/15/49                                             | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8130000 | PA      | $5871066.82   | 0.57%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | B 0 07/02/26                                             | CUSIP: 912797TF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14640000 | PA      | $14549105.95  | 1.40%             | 2026-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                        | LPLA 5.75 06/15/35                                       | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2516996.88   | 0.24%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JUNIPER VALLEY PARK CLO LTD                                             | JNPPK 2023-1A CRR                                        | CUSIP: 48206KBC9<br>LEI: 213800ACSV8GAJ4CCO70 | Long             | ABS-CBDO         | CORP              | JE        |   2150000 | PA      | $2145766.65   | 0.21%             | 2036-07-21      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| CF INDUSTRIES INC                                                       | CF 5.3 11/26/35                                          | CUSIP: 12527GAL7<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    770000 | PA      | $771735.57    | 0.07%             | 2035-11-26      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FNMA-30YR                                                | CUSIP: 01F050650<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10000000 | PA      | $9853246.20   | 0.95%             | 2056-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM13 TRUST                                                    | OBX 2024-NQM13 A1                                        | CUSIP: 67119PAP6<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-O            | CORP              | US        |    982640 | PA      | $984394.97    | 0.10%             | 2064-06-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2024-NQM7                               | BRAVO 2024-NQM7 A1                                       | CUSIP: 105698AC8<br>LEI: 254900T3YTF92WA96N66 | Long             | ABS-O            | CORP              | US        |   1391240 | PA      | $1398452.79   | 0.14%             | 2064-10-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2026-CES1                                           | RCKT 2026-CES1 A1A                                       | CUSIP: 74939BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2247584 | PA      | $2230613.39   | 0.22%             | 2056-01-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRUCTURED AGENCY CREDIT RISK TRUST 2018-HRP2               | STACR 2018-HRP2 B2                                       | CUSIP: 35564ACC3<br>LEI: 549300YG8OJES76WL398 | Long             | ABS-O            | USGSE             | US        |   1300000 | PA      | $1562168.92   | 0.15%             | 2047-02-25      | Floating      | 14.26%                | No            |                  2 | On Loan: No      |
| SM ENERGY COMPANY                                                       | SM 6.625 04/15/34 144A                                   | CUSIP: 78454LAZ3<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1419957.00   | 0.14%             | 2034-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SWORD PURCHASER LLC                                                     | SEE 8.25 04/15/33 144A                                   | CUSIP: 87110CAB3<br>LEI: 254900S0VY2QTAITBR94 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2283527.07   | 0.22%             | 2033-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR SD8114                                                | CUSIP: 3132DWAP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1210226 | PA      | $1024829.02   | 0.10%             | 2050-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICES INC                                           | PRIHEA 9.375 09/01/29 144A                               | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    875000 | PA      | $907969.27    | 0.09%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| COTE D'IVOIRE, REPUBLIC OF                                              | IVYCST 7.625 01/30/33 144A                               | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   1700000 | PA      | $1786571.84   | 0.17%             | 2033-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM18 TRUST                                                    | OBX 2024-NQM18 A1                                        | CUSIP: 673913AA7<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-O            | CORP              | US        |    921103 | PA      | $925226.92    | 0.09%             | 2064-10-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                      | BX 2025-VOLT C                                           | CUSIP: 05619PAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3150000 | PA      | $3146704.79   | 0.30%             | 2044-12-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | CAS 2024-R03 2M1                                         | CUSIP: 207941AA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    652782 | PA      | $652893.57    | 0.06%             | 2044-03-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2014-3                              | NRZT 2014-3A AFX3                                        | CUSIP: 64829DAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210669 | PA      | $202917.99    | 0.02%             | 2054-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| TIERRA MOJADA LUXEMBOURG II SARL                                        | TIEMOD 5.75 12/01/40 144A                                | CUSIP: 30260LAA3<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |   1922152 | PA      | $1906678.46   | 0.18%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MAPLE PARENT HOLDINGS CORP                                              | KDP 5.7 03/26/36 144A                                    | CUSIP: 56530KAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3155116.95   | 0.30%             | 2036-03-26      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 MA7472                                                | CUSIP: 36179WJR0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2536266 | PA      | $2175135.65   | 0.21%             | 2051-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | T 4.75 05/15/55                                          | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16740000 | PA      | $16097537.05  | 1.55%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FM7418                                                | CUSIP: 3140XBG46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4486402 | PA      | $3841660.33   | 0.37%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KEHE DISTRIBUTORS LLC                                                   | KEHEFO 9 02/15/29 144A                                   | CUSIP: 487526AC9<br>LEI: 549300WQCH7SRQ8JKE47 | Long             | DBT              | CORP              | US        |    875000 | PA      | $915743.50    | 0.09%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN BV7937                                                | CUSIP: 3140MMZB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1519603 | PA      | $1433849.60   | 0.14%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLT 2025-10 MORTGAGE LOAN TRUST                                        | COLT 2025-10 A1                                          | CUSIP: 12675XAA4<br>LEI: 213800STFGFKQEQSRE63 | Long             | ABS-O            | CORP              | US        |   1295134 | PA      | $1295414.10   | 0.13%             | 2070-10-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR RA4531                                                | CUSIP: 3133KLA80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3897518 | PA      | $3324349.04   | 0.32%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COMPTON (CA), CITY OF                                                   | CA COMHGR 3.46 08/01/2038                                | CUSIP: 204709JH3<br>LEI: 5493008IGOHB0IDNPZ86 | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2245109.83   | 0.22%             | 2038-08-01      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| ASURION LLC / ASURION CO-ISSUER INC                                     | ASUCOR 8 12/31/32 144A                                   | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1045199.00   | 0.10%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR SD5641                                                | CUSIP: 3132DTHS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3810273 | PA      | $3870612.75   | 0.37%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                 | HCA 4.7 05/15/31                                         | CUSIP: 404119DJ5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   4550000 | PA      | $4529663.64   | 0.44%             | 2031-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM16 TRUST                                                    | OBX 2025-NQM16 A2                                        | CUSIP: 67122DAF0<br>LEI: 254900WI6P4MRT24JH23 | Long             | ABS-O            | CORP              | US        |   1274739 | PA      | $1267465.60   | 0.12%             | 2065-08-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| COLT 2025-1 MORTGAGE LOAN TRUST                                         | COLT 2025-1 A1                                           | CUSIP: 196920AC6<br>LEI: 21380069FFOP8RZNF423 | Long             | ABS-O            | CORP              | US        |   2989546 | PA      | $3011977.29   | 0.29%             | 2070-01-27      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FR RA7778                                                | CUSIP: 3133KPUB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5120078 | PA      | $4949245.69   | 0.48%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS SA DE CV                                            | PEMEX 6.7 02/16/32                                       | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2600000 | PA      | $2610101.00   | 0.25%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING LII LTD                                            | MDPK 2021-52A AR                                         | CUSIP: 55822BAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3550000 | PA      | $3547614.40   | 0.34%             | 2035-01-22      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | B 0 09/17/26                                             | CUSIP: 912797UG0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33420000 | PA      | $32956913.76  | 3.18%             | 2026-09-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                 | KGS 5.875 04/01/31 144A                                  | CUSIP: 50012LAF1<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2292519.55   | 0.22%             | 2031-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                          | MS V5.073 01/30/37                                       | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4306876.11   | 0.42%             | 2037-01-30      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2018-H3                                  | MSC 2018-H3 XA                                           | CUSIP: 61767YBA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10412854 | PA      | $143576.59    | 0.01%             | 2051-07-17      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                | CRBG 3.9 04/05/32                                        | CUSIP: 21871XAH2<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4513835.23   | 0.44%             | 2032-04-05      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WESTERN-SOUTHERN GLOBAL FUNDING                                         | WSFIN 4.7 12/10/32 144A                                  | CUSIP: 95954A2C6<br>LEI: 635400PFYEGVSGK4VB37 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3324777.96   | 0.32%             | 2032-12-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                              | ROMANI 5.75 07/04/36 144A                                | CUSIP: 775921AA7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1400000 | PA      | $1320627.34   | 0.13%             | 2036-07-04      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TRTX 2025-FL7 ISSUER LTD                                                | TRTX 2025-FL7 A                                          | CUSIP: 87277LAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3200000 | PA      | $3204720.00   | 0.31%             | 2043-06-18      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 MA7473                                                | CUSIP: 36179WJS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1401023 | PA      | $1250446.40   | 0.12%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARCHROCK SERVICES LP / ARCHROCK PARTNERS FINANCE CORP                   | AROC 6 02/01/34 144A                                     | CUSIP: 03958CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2416706.14   | 0.23%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 MA8200                                                | CUSIP: 36179XDD5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3249846 | PA      | $3060993.75   | 0.30%             | 2052-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                   | WFC V2.393 06/02/28 MTN                                  | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1859591.90   | 0.18%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                           | CRWV 9 02/01/31 144A                                     | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   2620000 | PA      | $2606663.05   | 0.25%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                    | BAC V2.884 10/22/30 MTN                                  | CUSIP: 06051GHX0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3215984.38   | 0.31%             | 2030-10-22      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| RR 16 LTD                                                               | RRAM 2021-16A A1R                                        | CUSIP: 74971CAJ2<br>LEI: 549300FLUOZC8QYYKL96 | Long             | ABS-CBDO         | CORP              | KY        |   4700000 | PA      | $4698303.30   | 0.45%             | 2036-07-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| BDS 2026-FL17 LLC                                                       | BDS 2026-FL17 A                                          | CUSIP: 05494WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5012500.00   | 0.48%             | 2043-05-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CREDIT FUND                                          | BCRED 5.95 05/15/31                                      | CUSIP: 09261HCC9<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3049682.82   | 0.29%             | 2031-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| GENERAL MOTORS FINANCIAL COMPANY INC                                    | GM 4.6 01/08/31                                          | CUSIP: 37045XFM3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2867591.66   | 0.28%             | 2031-01-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FR RA5276                                                | CUSIP: 3133KL2H9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4937945 | PA      | $4198122.23   | 0.41%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PANAMA, REPUBLIC OF - MINISTRY OF PLANNING AND ECONOMIC POLICY          | PANAMA 5.227 02/23/34                                    | CUSIP: 698299CB8<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    500000 | PA      | $497725.00    | 0.05%             | 2034-02-23      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                           | C V6.625 PERP                                            | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3190467.58   | 0.31%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES8                                           | RCKT 2025-CES8 A1A                                       | CUSIP: 74939WAA8<br>LEI: 254900FCN7EI8DTYGA19 | Long             | ABS-O            | CORP              | US        |   2471612 | PA      | $2472851.11   | 0.24%             | 2055-08-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                                   | Payden Cash Reserves Money Market Fund                   | CUSIP: 704329598<br>LEI: 549300QJNYRKYZS3P282 | Long             | STIV             | RF                | US        |  17895932 | NS      | $17895931.87  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FS0439                                                | CUSIP: 3140XFPZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4511704 | PA      | $3860905.04   | 0.37%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                                | DTRGR 5.4 09/20/28 144A                                  | CUSIP: 233853AT7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2040973.00   | 0.20%             | 2028-09-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN BP6626                                                | CUSIP: 3140KELG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3405588 | PA      | $2755844.37   | 0.27%             | 2050-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA4548                                                | CUSIP: 31418EBS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2469072 | PA      | $2081887.71   | 0.20%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PARAGUAY, REPUBLIC OF - MINISTRY OF FINANCE                             | PARGUY 5.85 08/21/33 144A                                | CUSIP: 699149AM2<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   2000000 | PA      | $2080500.00   | 0.20%             | 2033-08-21      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                      | ALLY V5.737 05/15/29                                     | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1776886.25   | 0.17%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR ZT0529                                                | CUSIP: 3132ACSS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1106960 | PA      | $999528.65    | 0.10%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR SD2184                                                | CUSIP: 3132DPM96<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2743585 | PA      | $2818749.37   | 0.27%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR SD4053                                                | CUSIP: 3132E0QE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2530939 | PA      | $2601670.31   | 0.25%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION CORP (CA)                           | CA GLDGEN 2.75 06/01/2034                                | CUSIP: 38122NB50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2140000 | PA      | $1892562.66   | 0.18%             | 2034-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC                                    | GM 4.2 10/27/28                                          | CUSIP: 37045XFL5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3124830.27   | 0.30%             | 2028-10-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                            | BACR V5.829 05/09/27                                     | CUSIP: 06738ECF0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2100000 | PA      | $2100509.52   | 0.20%             | 2027-05-09      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB5106                                                | CUSIP: 3140QQU86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3895492 | PA      | $3877869.23   | 0.37%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING LP                                          | WES 4.8 03/01/31                                         | CUSIP: 958667AH0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3527255.65   | 0.34%             | 2031-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FM9195                                                | CUSIP: 3140XDGD2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6203595 | PA      | $5308127.57   | 0.51%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                                     | AHTLN 5.55 05/30/33 144A                                 | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2258318.22   | 0.22%             | 2033-05-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA3238                                                | CUSIP: 31418CS47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5993591 | PA      | $5537947.37   | 0.53%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FUND                                              | HLEND 4.9 09/11/28                                       | CUSIP: 40440VBB0<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2937214.08   | 0.28%             | 2028-09-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY (CA)                   | CA CASPOL 7.5 12/01/2039                                 | CUSIP: 130536RK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1127512 | PA      | $180.40       | 0.00%             | 2039-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA)              | PA PASDEV 6.53 06/15/2039                                | CUSIP: 70869PFT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2481283.28   | 0.24%             | 2039-06-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 4853                                                  | CUSIP: 36202FMA1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1563668 | PA      | $1515266.61   | 0.15%             | 2040-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Verde Purchaser, LLC                                                    | Veritiv Corp Term Loan B 400 2030-11-01                  | CUSIP: 92338TAB2<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | LON              | CORP              | US        |   2758000 | PA      | $2676542.47   | 0.26%             | 2030-11-29      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                         | DANBNK V5.705 03/01/30 144A                              | CUSIP: 23636ABH3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1550000 | PA      | $1593316.83   | 0.15%             | 2030-03-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| EMPIRE COMMUNITIES CORP                                                 | EMPRCC 9.75 05/01/29 144A                                | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $612297.00    | 0.06%             | 2029-05-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                                                 | EA 7.25 07/01/33 144A                                    | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1494763.01   | 0.14%             | 2033-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FS1538                                                | CUSIP: 3140XGV89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    958519 | PA      | $852109.57    | 0.08%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO 2018-2 LTD                                           | ROCKT 2018-2A A                                          | CUSIP: 77342KAA8<br>LEI: 5493001SZ764RMCNU069 | Long             | ABS-CBDO         | CORP              | KY        |    380250 | PA      | $380313.88    | 0.04%             | 2031-10-20      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | CAS 2016-C04 1B                                          | CUSIP: 30711XDB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1717105 | PA      | $1750976.13   | 0.17%             | 2029-01-25      | Floating      | 10.74%                | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN AT2016                                                | CUSIP: 3138WPG24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    696958 | PA      | $636888.92    | 0.06%             | 2043-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LLC                                               | VNOM 4.9 08/01/30                                        | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    700000 | PA      | $699949.31    | 0.07%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                   | WFC V5.15 04/23/31                                       | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   6400000 | PA      | $6511606.66   | 0.63%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GUATEMALA, REPUBLIC OF - MINISTRY OF PUBLIC FINANCE                     | GUATEM 6.55 02/06/37 144A                                | CUSIP: 401494AZ2<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   1675000 | PA      | $1793925.00   | 0.17%             | 2037-02-06      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                 | MPLX 5.3 04/01/36                                        | CUSIP: 55336VCE8<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2653372.03   | 0.26%             | 2036-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM18 TRUST                                                    | OBX 2025-NQM18 A1                                        | CUSIP: 673918AC2<br>LEI: 254900JLM1WC0WGYCA96 | Long             | ABS-O            | CORP              | US        |   1142427 | PA      | $1141710.44   | 0.11%             | 2065-09-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-HI                           | WFCM 2025-HI C                                           | CUSIP: 949933AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2825000 | PA      | $2837357.68   | 0.27%             | 2042-10-15      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FUND                                              | HLEND 5.3 06/05/27                                       | CUSIP: 40440VAX3<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996295.47    | 0.10%             | 2027-06-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                            | EUR/USD FORWARD                                          | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-131.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | T 2.5 02/15/46                                           | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    439000 | PA      | $299943.32    | 0.03%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                             | ORCL 5.7 02/04/36                                        | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4035580.12   | 0.39%             | 2036-02-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR RA7790                                                | CUSIP: 3133KPUP1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4101484 | PA      | $4075553.34   | 0.39%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-9                                       | VERUS 2024-9 A1                                          | CUSIP: 92540RAC8<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-O            | CORP              | US        |   1519432 | PA      | $1526793.78   | 0.15%             | 2069-11-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM17 TRUST                                                    | OBX 2024-NQM17 A1                                        | CUSIP: 673911AC7<br>LEI: 254900HMH8TR6ZSMCB34 | Long             | ABS-O            | CORP              | US        |    973095 | PA      | $981551.85    | 0.09%             | 2064-11-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA2806                                                | CUSIP: 31418CDL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4033670 | PA      | $3627587.72   | 0.35%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | T 3.875 04/15/29                                         | CUSIP: 91282CQJ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19980468.80  | 1.93%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DOMINICAN, REPUBLIC OF - MINISTERIO DE HACIENDA                         | DOMREP 7.05 02/03/31 144A                                | CUSIP: 25714PET1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1850000 | PA      | $1949622.50   | 0.19%             | 2031-02-03      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| COTE D'IVOIRE, REPUBLIC OF                                              | IVYCST 6.75 02/25/41 144A                                | CUSIP: 221625AX4<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   1150000 | PA      | $1061603.09   | 0.10%             | 2041-02-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP (THE)                                               | SCHW V6.1 PERP L                                         | CUSIP: 808513CM5<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3502671.94   | 0.34%             | N/A             | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                  | 10-Year T-Note Futures, Jun-2026,ETH                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       145 | NC      | $-141449.42   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA4413                                                | CUSIP: 31418D3X8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4087028 | PA      | $3295172.49   | 0.32%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FM9218                                                | CUSIP: 3140XDG42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2018262 | PA      | $1625579.71   | 0.16%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SLG OFFICE TRUST COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES 2021-OVA | SLG 2026-OMA A                                           | CUSIP: 78451FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5023205.00   | 0.49%             | 2041-04-17      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB4794                                                | CUSIP: 3140QQKG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1864704 | PA      | $1801359.22   | 0.17%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INFINITY NATURAL RESOURCES LLC                                          | INFNAR 7.625 04/01/31 144A                               | CUSIP: 45690BAA3<br>LEI: 54930021094IFVB5ND43 | Long             | DBT              | CORP              | US        |   1685000 | PA      | $1714388.09   | 0.17%             | 2031-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE CLO 2018-2 LTD                                            | PLMRS 2018-2A A1R                                        | CUSIP: 69688MAN5<br>LEI: 549300EYS8N79JYSXL17 | Long             | ABS-CBDO         | CORP              | KY        |   3725000 | PA      | $3728266.83   | 0.36%             | 2037-04-16      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                                 | VW 4.85 09/11/30 144A                                    | CUSIP: 928668CX8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3728185.20   | 0.36%             | 2030-09-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | T 4.5 11/15/54                                           | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1850000 | PA      | $1706986.32   | 0.16%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DHAFRAH PV2 ENERGY COMPANY LLC                                          | DHAENE 5.794 06/30/53 144A                               | CUSIP: 25241MAA5<br>LEI: 529900AHXZA1YRZN9C67 | Long             | DBT              | CORP              | AE        |   1850000 | PA      | $1829921.64   | 0.18%             | 2053-06-30      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                                                 | STGW 5.625 08/15/29 144A                                 | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $809106.13    | 0.08%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                            | CAD/USD FORWARD                                          | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-13167.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PERUSAHAAN PENERBIT SURAT BERHARGA SYARIAH NEGARA INDONESIA III         | INDOIS 5.2 07/02/34 144A                                 | CUSIP: 71567TAB8<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |   3600000 | PA      | $3598651.37   | 0.35%             | 2034-07-02      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| STORE MASTER FUNDING I LLC                                              | STR 2024-1A A2                                           | CUSIP: 86212XAM2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2673000 | PA      | $2711657.46   | 0.26%             | 2054-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MF1 2024-FL16 LLC                                                       | MF1 2024-FL16 A                                          | CUSIP: 55287EAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4250000 | PA      | $4261689.20   | 0.41%             | 2039-11-18      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY (CA)                   | CA CASMED 2.86 06/01/2031                                | CUSIP: 13032UVJ4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3621838.17   | 0.35%             | 2031-06-01      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM15 TRUST                                                    | OBX 2024-NQM15 A1                                        | CUSIP: 67449DAA7<br>LEI: 254900YXEB756F6RCA13 | Long             | ABS-O            | CORP              | US        |   1086888 | PA      | $1090001.24   | 0.11%             | 2064-10-25      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC                                    | GM 2.35 01/08/31                                         | CUSIP: 37045XDE3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2463827.44   | 0.24%             | 2031-01-08      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC                                                | OBX 2026-NQM1 A1                                         | CUSIP: 67123HAA1<br>LEI: 549300JK5TDDSAIKZ665 | Long             | ABS-O            | CORP              | US        |   1541257 | PA      | $1533864.32   | 0.15%             | 2065-11-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FUND                                              | ARESSI 5.45 09/09/28 144A                                | CUSIP: 04020EAL1<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2086172.03   | 0.20%             | 2028-09-09      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA3210                                                | CUSIP: 31418CR89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4922637 | PA      | $4538447.13   | 0.44%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 MA2522                                                | CUSIP: 36179QYT2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    374665 | PA      | $361209.46    | 0.03%             | 2045-01-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                  | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       523 | NC      | $-2817024.44  | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR SD8244                                                | CUSIP: 3132DWER0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2322989 | PA      | $2186630.27   | 0.21%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHILE, REPUBLIC OF - MINISTRY OF FINANCE                                | CHILE 3.875 04/14/36                                     | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   1850000 | PA      | $2129209.30   | 0.21%             | 2036-04-14      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 MA8948                                                | CUSIP: 36179X5H5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    815253 | PA      | $827747.64    | 0.08%             | 2053-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-HQA3                                 | STACR 2021-HQA3 B2                                       | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-O            | USGSE             | US        |   2600000 | PA      | $2646470.58   | 0.26%             | 2041-09-25      | Floating      | 9.90%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2019-HRP1                           | CAS 2019-HRP1 B1                                         | CUSIP: 20754PAD2<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-O            | USGSE             | US        |   3670414 | PA      | $3819393.19   | 0.37%             | 2039-11-25      | Floating      | 13.01%                | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR ZA4718                                                | CUSIP: 31329NG36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1108334 | PA      | $997729.11    | 0.10%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                               | JPM V4.898 01/22/37                                      | CUSIP: 46647PFJ0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3461920.52   | 0.33%             | 2037-01-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANKS                                                 | FR SD7537                                                | CUSIP: 3132DVLS2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |   5139293 | PA      | $4180628.98   | 0.40%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                           | F 5.8 03/05/27                                           | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2870654.06   | 0.28%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA4579                                                | CUSIP: 31418ECR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    943318 | PA      | $828412.96    | 0.08%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                       | SWOP IRS USD                                             | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |  96020000 | NC      | $3310283.59   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                         | BMCAUS 5.875 03/15/34 144A                               | CUSIP: 853192AA0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2195881.20   | 0.21%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                                      | MQGAU V3.052 03/03/36 144A                               | CUSIP: 556079AD3<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   2450000 | PA      | $2212969.14   | 0.21%             | 2036-03-03      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES9                                           | RCKT 2025-CES9 A1A                                       | CUSIP: 74942JAA2<br>LEI: 254900C7HSSCU34P7S40 | Long             | ABS-O            | CORP              | US        |   3681208 | PA      | $3659373.19   | 0.35%             | 2055-09-25      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| FS RIALTO 2026-FL11 ISSUER LLC                                          | FSRIA 2026-FL11 A                                        | CUSIP: 30343TAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2800000 | PA      | $2805337.92   | 0.27%             | 2044-01-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 MA4510                                                | CUSIP: 36179TAK1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    969394 | PA      | $898347.22    | 0.09%             | 2047-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OAK STREET INVESTMENT GRADE NET LEASE FUND SERIES 2020-1 LLC            | OAKIG 2020-1A B1                                         | CUSIP: 67181DAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $172500.39    | 0.02%             | 2050-11-20      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                                          | CRM 5.55 03/15/36                                        | CUSIP: 79466LAU8<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   5400000 | PA      | $5387108.74   | 0.52%             | 2036-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                      | ALLY V6.848 01/03/30                                     | CUSIP: 02005NBU3<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2349778.95   | 0.23%             | 2030-01-03      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 MA8648                                                | CUSIP: 36179XTD8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3922608 | PA      | $3976020.82   | 0.38%             | 2053-02-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AIRBNB INC                                                              | ABNB 5.25 03/16/36                                       | CUSIP: 009066AE1<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3092821.83   | 0.30%             | 2036-03-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                  | 2-Year T-Note Futures, Jun-2026,ETH                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       752 | NC      | $-537556.59   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA4437                                                | CUSIP: 31418D4X7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3004001 | PA      | $2420185.34   | 0.23%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR RA3728                                                | CUSIP: 3133KKD97<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    742224 | PA      | $606344.49    | 0.06%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA INC                                               | ESA 2025-ESH C                                           | CUSIP: 30227TAE0<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |   1107603 | PA      | $1112298.90   | 0.11%             | 2042-10-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB3622                                                | CUSIP: 3140QPAY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3243687 | PA      | $3058318.14   | 0.30%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                           | SOAF 4.85 09/30/29 10Y                                   | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   1100000 | PA      | $1094628.04   | 0.11%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL FINANCE AUTHORITY OF BRITISH COLUMBIA                         | BCMFA 2.55 10/09/29                                      | CUSIP: 62620DAH4<br>LEI: 549300XJ89QPG8565B79 | Long             | DBT              | MUN               | CA        |   3200000 | PA      | $2299990.43   | 0.22%             | 2029-10-09      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                    | T 4.625 02/15/55                                         | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1780000 | PA      | $1676850.39   | 0.16%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DRIVEN BRANDS FUNDING LLC                                               | HONK 2025-1A A2                                          | CUSIP: 26209XAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3084500 | PA      | $2791927.46   | 0.27%             | 2055-10-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                           | VST 5.55 04/30/36 144A                                   | CUSIP: 92840VBC5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   5200000 | PA      | $5151921.37   | 0.50%             | 2036-04-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                                | HBAN V4.871 04/12/28                                     | CUSIP: 44644MAK7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003637.14   | 0.10%             | 2028-04-12      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-22

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer