# EDGAR Filing Document

**Accession Number:** 0000932381
**File Stem:** 0000932381-25-000094
**Filing Date:** 2025-11
**Character Count:** 90106
**Document Hash:** 6402b0bb5ba871c0eb128014d374a665
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000932381-25-000094.hdr.sgml**: 20251119

**ACCESSION NUMBER**: 0000932381-25-000094

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251119

**DATE AS OF CHANGE**: 20251119

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tributary Funds, Inc.
- **CENTRAL INDEX KEY:** 0000932381

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08846
- **FILM NUMBER:** 251497473

**BUSINESS ADDRESS:**
- **STREET 1:** 1620 DODGE STREET
- **STREET 2:** STOP 1075
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68197
- **BUSINESS PHONE:** 1-800-662-4203

**MAIL ADDRESS:**
- **STREET 1:** 1620 DODGE STREET
- **STREET 2:** STOP 1075
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68197

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST FOCUS FUNDS INC
- **DATE OF NAME CHANGE:** 20010731

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST OMAHA FUNDS INC
- **DATE OF NAME CHANGE:** 19941103

## Series and Classes Contracts Data

### Short-Intermediate Bond Fund (Series ID: S000022134)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000063508 | Institutional      | FOSIX           |
| C000091254 | Institutional Plus | FOSPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TRIBUTARY CAPITAL MANAGEMENT, LLC

- **b. Investment Company Act file number:** 811-08846

- **c. CIK number of Registrant:** 0000932381

- **d. LEI of Registrant:** 2549000T9YMVQWFGOI81

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

  - **Street Address 1:** 1620 DODGE STREET

  - **City:** OMAHA

  - **State:** NE

  - **Foreign country:** US

  - **Zip / Postal Code:** 68197

  - **Telephone number:** 800-662-4203

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

- **a. Name of Series:** TRIBUTARY SHORT-INTERMEDIATE BOND FUND

- **b. EDGAR series identifier (if any):** S000022134

- **c. LEI of Series:** 254900MTH2CGXD4X4905

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $230451039.94

**Total Liabilities:** $1781559.24

**Net Assets:** $228669480.70

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 25.92790000 | **1-Year:** 1920.19980000 | **5-Year:** 25986.16480000 | **10-Year:** 5905.51070000 | **30-Year:** 501.47500000

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

- **3-Month:** 0.00000000 | **1-Year:** 72.60470000 | **5-Year:** 1334.29810000 | **10-Year:** 534.22080000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063508 | -0.02%               | 0.98%                | 0.31%                |
| Class ID C000091254 | -0.00%               | 0.99%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $45173.81                | $-599444.04                                |
| Month 2  | $49176.96                | $1067115.49                                |
| Month 3  | $89503.96                | $-76289.24                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AFG ABS LLC                    | AFG ABS I, LLC                                                   | CUSIP: 00111LAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    106773 | PA      | $106907.83    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AFG ABS LLC                    | AFG ABS I, LLC                                                   | CUSIP: 00111LAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1331987 | PA      | $1403373.82   | 0.61%             | 2030-09-16      | Fixed         | 9.40%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC                       | AT&T, Inc.                                                       | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    950000 | PA      | $954218.94    | 0.42%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC       | Agilent Technologies, Inc.                                       | CUSIP: 00846UAL5<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    350000 | PA      | $331064.76    | 0.14%             | 2029-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ALBEMARLE CORP                 | Albemarle Corp.                                                  | CUSIP: 012653AD3<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |   1990000 | PA      | $1992045.70   | 0.87%             | 2027-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE         | American Honda Finance Corp.                                     | CUSIP: 02665WGK1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2205563.76   | 0.96%             | 2028-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| American Heritage Auto Receiva | American Heritage Auto Receivables Trust                         | CUSIP: 026944AD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    670000 | PA      | $681072.29    | 0.30%             | 2030-06-17      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva | AXIS Equipment Finance Receivables XI, LLC                       | CUSIP: 03236XAB3<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-MBS          | CORP              | US        |    392448 | PA      | $393405.87    | 0.17%             | 2028-06-21      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust                                         | CUSIP: 03464PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    610667 | PA      | $579159.83    | 0.25%             | 2067-01-25      | Variable      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Auxilior Term Funding LLC      | Auxilior Term Funding, LLC                                       | CUSIP: 05335FAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    232468 | PA      | $233516.64    | 0.10%             | 2027-03-15      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| Auxilior Term Funding LLC      | Auxilior Term Funding, LLC                                       | CUSIP: 05335JAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500896 | PA      | $504550.02    | 0.22%             | 2028-12-15      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| Avant Loans Funding Trust      | Avant Loans Funding Trust                                        | CUSIP: 05352BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1206183.24   | 0.53%             | 2034-05-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | Barclays Commercial Mortgage Trust                               | CUSIP: 05492JAT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    423010 | PA      | $414089.08    | 0.18%             | 2052-11-15      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| BSTN Commercial Mortgage Trust | BSTN Commercial Mortgage Trust                                   | CUSIP: 05594GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    875000 | PA      | $875000.00    | 0.38%             | 2041-04-13      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                       | BX Trust                                                         | CUSIP: 05608VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     54591 | PA      | $54573.74     | 0.02%             | 2034-01-15      | Floating      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| BXHPP Trust                    | BXHPP Trust                                                      | CUSIP: 05609JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1100000 | PA      | $1067000.00   | 0.47%             | 2036-08-15      | Floating      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                       | BX Trust                                                         | CUSIP: 05609QAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    670939 | PA      | $670519.23    | 0.29%             | 2038-11-15      | Floating      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                       | BX Trust                                                         | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    910698 | PA      | $907852.51    | 0.40%             | 2036-09-15      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| BXMT Ltd                       | BXMT, Ltd.                                                       | CUSIP: 05613YAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1505525.40   | 0.66%             | 2042-10-18      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp.                                            | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2285164.43   | 1.00%             | 2028-04-24      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2019-BNK16                                                  | CUSIP: 065405AB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    655043 | PA      | $649701.79    | 0.28%             | 2052-02-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Secur | Bankers Healthcare Group Securitization Trust 2023-B             | CUSIP: 08862GAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1675135 | PA      | $1754131.67   | 0.77%             | 2036-12-17      | Fixed         | 6.92%                 | Yes           |                  2 | On Loan: No      |
| Bankers Healthcare Group Secur | Bankers Healthcare Group Securitization Trust 2024-1CON          | CUSIP: 08862HAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    327469 | PA      | $336159.05    | 0.15%             | 2035-04-17      | Fixed         | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Bankers Healthcare Group Secur | Bankers Healthcare Group Securitization Trust 2024-1CON          | CUSIP: 08862HAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84077 | PA      | $86386.28     | 0.04%             | 2035-04-17      | Fixed         | 6.49%                 | Yes           |                  2 | On Loan: No      |
| N/A                            | BlackRock Liquidity Funds T-Fund Portfolio, Institutional Shares | CUSIP: 09248U718<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1880515 | NS      | $1880515.29   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BLAIR NE WTR SYS REVENUE       | City of Blair NE Water System Revenue                            | CUSIP: 093030GM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $325178.56    | 0.14%             | 2027-05-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                  | The Boeing Co.                                                   | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    775000 | PA      | $822466.42    | 0.36%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BofA Auto Trust                | BofA Auto Trust                                                  | CUSIP: 09709AAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1585000 | PA      | $1618700.27   | 0.71%             | 2030-06-17      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust                                  | CUSIP: 10568YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    131886 | PA      | $129678.72    | 0.06%             | 2059-05-26      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Brean Asset Backed Securities  | Brean Asset Backed Securities Trust                              | CUSIP: 10638CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    338338 | PA      | $318684.67    | 0.14%             | 2063-10-25      | Variable      | 1.40%                 | Yes           |                  2 | On Loan: No      |
| Credit-Based Asset Servicing a | Credit-Based Asset Servicing & Securitization, LLC REMIC         | CUSIP: 12489WFD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     56754 | PA      | $63580.56     | 0.03%             | 2033-02-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC              | CBRE Services, Inc.                                              | CUSIP: 12505BAH3<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |   1345000 | PA      | $1395838.46   | 0.61%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC              | CBRE Services, Inc.                                              | CUSIP: 12505BAJ9<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    225000 | PA      | $228573.27    | 0.10%             | 2030-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust          | CCG Receivables Trust                                            | CUSIP: 12515PAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    504409 | PA      | $508992.24    | 0.22%             | 2032-03-15      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| Cantor Commercial Real Estate  | Cantor Commercial Real Estate Lending                            | CUSIP: 12529MAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    753608 | PA      | $734930.79    | 0.32%             | 2052-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC        | CF Hippolyta Issuer, LLC                                         | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2054694 | PA      | $1764865.21   | 0.77%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus | CFCRE Commercial Mortgage Trust                                  | CUSIP: 12532CAY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    291984 | PA      | $290286.71    | 0.13%             | 2050-06-15      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| COOPR Residential Mortgage Tru | COOPR Residential Mortgage Trust                                 | CUSIP: 12596SAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1231449 | PA      | $1245871.95   | 0.54%             | 2060-05-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | Credit Suisse Mortgage Trust                                     | CUSIP: 12647MAM7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     92533 | PA      | $89662.10     | 0.04%             | 2028-07-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| CSMLT TRUST                    | CSMLT Trust                                                      | CUSIP: 12650UAU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     89982 | PA      | $86670.06     | 0.04%             | 2030-10-25      | Variable      | 2.96%                 | Yes           |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY          | The Campbell's Co.                                               | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   1433000 | PA      | $1455135.57   | 0.64%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receiva | Capital One Prime Auto Receivables Trust                         | CUSIP: 14043NAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $253596.18    | 0.11%             | 2030-01-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Capteris Equipment Finance     | Capteris Equipment Finance, LLC                                  | CUSIP: 14077AAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1218086 | PA      | $1237953.28   | 0.54%             | 2032-07-20      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp.                                                   | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    500000 | PA      | $492852.80    | 0.22%             | 2028-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust                                   | CUSIP: 14687RAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $515596.35    | 0.23%             | 2029-11-13      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust                                   | CUSIP: 14687WAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $520985.76    | 0.23%             | 2030-12-10      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| Cherry Securitization Trust    | Cherry Securitization Trust                                      | CUSIP: 164737AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $302854.44    | 0.13%             | 2032-04-15      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup, Inc.                                                  | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2245000 | PA      | $2302955.55   | 1.01%             | 2030-02-13      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust  | Citigroup Mortgage Loan Trust REMIC                              | CUSIP: 17322GAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     28511 | PA      | $27860.79     | 0.01%             | 2035-01-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust  | Citigroup Mortgage Loan Trust                                    | CUSIP: 17323TAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    280740 | PA      | $274445.55    | 0.12%             | 2053-01-25      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust  | Citigroup Mortgage Loan Trust                                    | CUSIP: 17327RAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    277794 | PA      | $272787.15    | 0.12%             | 2066-01-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| CLEAN HARBORS INC              | Clean Harbors, Inc.                                              | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1124056.35   | 0.49%             | 2027-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST  | Commonbond Student Loan Trust                                    | CUSIP: 20267VAA5<br>LEI: 549300LRCNJYVPZRKK63 | Long             | ABS-CBDO         | CORP              | US        |    220937 | PA      | $211616.69    | 0.09%             | 2041-05-25      | Fixed         | 2.55%                 | Yes           |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST  | Commonbond Student Loan Trust                                    | CUSIP: 20267XAA1<br>LEI: 549300O1CSZVJJTIR319 | Long             | ABS-CBDO         | CORP              | US        |    204224 | PA      | $198405.14    | 0.09%             | 2046-02-25      | Fixed         | 3.87%                 | Yes           |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY         | ConocoPhillips Co.                                               | CUSIP: 20826FBJ4<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    450000 | PA      | $458743.43    | 0.20%             | 2030-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd  | CoreVest American Finance, Ltd.                                  | CUSIP: 21873AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     62167 | PA      | $61912.62     | 0.03%             | 2052-12-15      | Fixed         | 1.17%                 | Yes           |                  2 | On Loan: No      |
| CPF IV, LLC, CP EF ASSET SECUR | CP EF Asset Securitization II, LLC                               | CUSIP: 224092AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     70735 | PA      | $71376.06     | 0.03%             | 2032-03-15      | Fixed         | 7.48%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse First Boston Mor | Credit Suisse First Boston Mortgage Securities Corp. REMIC       | CUSIP: 225458G28<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      1145 | PA      | $1088.45      | 0.00%             | 2026-01-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                               | CUSIP: 226373AQ1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    700000 | PA      | $700311.31    | 0.31%             | 2027-05-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Crossroads Asset Trust         | Crossroads Asset Trust                                           | CUSIP: 22767VAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1006239.70   | 0.44%             | 2032-02-20      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| DLLAD LLC                      | DLLAD, LLC                                                       | CUSIP: 233258AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1708578 | PA      | $1716724.91   | 0.75%             | 2028-01-20      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: No      |
| DLLAD LLC                      | DLLAD, LLC                                                       | CUSIP: 23346MAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1335000 | PA      | $1363234.98   | 0.60%             | 2029-07-20      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International, LLC/EMC Corp.                                | CUSIP: 24703TAL0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1369794.05   | 0.60%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Dext ABS                       | Dext ABS, LLC                                                    | CUSIP: 252154AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1290000 | PA      | $1302723.27   | 0.57%             | 2035-08-15      | Fixed         | 4.77%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CORP               | Duke Energy Corp.                                                | CUSIP: 26441CAX3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1303958.96   | 0.57%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP               | Duke Energy Corp.                                                | CUSIP: 26441CCB9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    661000 | PA      | $667418.61    | 0.29%             | 2027-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust                               | CUSIP: 26846VAA2<br>LEI: 254900CMJGXNT3R7H775 | Long             | ABS-MBS          | CORP              | US        |    808491 | PA      | $818218.10    | 0.36%             | 2060-01-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| ELFI Graduate Loan Program LLC | ELFI Graduate Loan Program, LLC                                  | CUSIP: 26857LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    479006 | PA      | $439117.71    | 0.19%             | 2045-08-25      | Fixed         | 1.73%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                               | CUSIP: 292480AL4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2155000 | PA      | $2190563.04   | 0.96%             | 2028-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ENACT HOLDINGS INC             | Enact Holdings, Inc.                                             | CUSIP: 29249EAA7<br>LEI: 9845003CA5664B741N19 | Long             | DBT              | CORP              | US        |    550000 | PA      | $575098.22    | 0.25%             | 2029-05-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                    | Exelon Corp.                                                     | CUSIP: 30161NBR1<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2299219.67   | 1.01%             | 2031-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC       | First Help Financial LLC                                         | CUSIP: 30339EAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    505675 | PA      | $504971.64    | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Federal National Mortgage Association Interest Only              | CUSIP: 3136ARP44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    133144 | PA      | $4940.41      | 0.00%             | 2039-01-25      | Variable      | 2.71%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp. REMIC                           | CUSIP: 3137BDX76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21913 | PA      | $21861.35     | 0.01%             | 2050-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp. Interest Only REMIC             | CUSIP: 3137BQLW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    236878 | PA      | $38344.55     | 0.02%             | 2045-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3137BWNS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    150282 | PA      | $148789.52    | 0.07%             | 2054-12-15      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp. Interest Only REMIC             | CUSIP: 3137BXNL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |     34025 | PA      | $1255.81      | 0.00%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp. Interest Only REMIC             | CUSIP: 3137BXNM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |     58843 | PA      | $5905.93      | 0.00%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Whole Loan Securit | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3137G1BD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    206510 | PA      | $182794.56    | 0.08%             | 2046-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3138AVRH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15836 | PA      | $15710.98     | 0.01%             | 2026-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC       | First Help Financial, LLC                                        | CUSIP: 31568AAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    732811 | PA      | $739132.36    | 0.32%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Firstkey Homes Trust           | FirstKey Homes Trust                                             | CUSIP: 33768EAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1947534 | PA      | $1941199.28   | 0.85%             | 2038-07-17      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Firstkey Homes Trust           | FirstKey Homes Trust                                             | CUSIP: 33768EAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $997150.30    | 0.44%             | 2038-07-17      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FIRSTENERGY CORP               | FirstEnergy Corp.                                                | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    650000 | PA      | $646013.67    | 0.28%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO       | Florida Power & Light Co.                                        | CUSIP: 341081GN1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1264088.39   | 0.55%             | 2028-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co., LLC                                       | CUSIP: 345397E58<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    900000 | PA      | $913312.60    | 0.40%             | 2029-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co., LLC                                       | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999145.43    | 0.44%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust       | Foundation Finance Trust                                         | CUSIP: 35040VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    858757 | PA      | $860204.01    | 0.38%             | 2050-03-15      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - SCRT             | Federal Home Loan Mortgage Corp.                                 | CUSIP: 35563PFB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    542552 | PA      | $514632.02    | 0.23%             | 2057-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | Goldman Sachs Mortgage Securities Trust Interest Only REMIC      | CUSIP: 36191YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    239531 | PA      | $175.65       | 0.00%             | 2044-08-10      | Variable      | 0.11%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                         | CUSIP: 36202UVP5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     84078 | PA      | $83919.53     | 0.04%             | 2034-08-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                         | CUSIP: 36211EV88<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |   1145513 | PA      | $1144015.51   | 0.50%             | 2040-12-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                         | CUSIP: 36213NG59<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    117654 | PA      | $117592.91    | 0.05%             | 2033-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | Goldman Sachs Mortgage Securities Corp. Trust                    | CUSIP: 36262MAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1800000 | PA      | $1792125.00   | 0.78%             | 2036-10-15      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | The Goldman Sachs Group, Inc.                                    | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1393582.00   | 0.61%             | 2031-01-28      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group, Inc.                                        | CUSIP: 38141GZR8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    980000 | PA      | $972650.13    | 0.43%             | 2028-03-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association REMIC                   | CUSIP: 38377V3U8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | USGSE             | US        |    266248 | PA      | $268528.53    | 0.12%             | 2034-07-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN       | Graphic Packaging International, LLC                             | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289400.07    | 0.13%             | 2028-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVAB | GreatAmerica Leasing Receivables Funding, LLC                    | CUSIP: 39154TCJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1420000 | PA      | $1435301.78   | 0.63%             | 2028-01-18      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| Greensky Home Improvement Issu | GreenSky Home Improvement Trust                                  | CUSIP: 39571MAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    435000 | PA      | $446039.39    | 0.20%             | 2059-06-25      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Greensky Home Improvement Issu | GreenSky Home Improvement Trust                                  | CUSIP: 39571MAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    507315 | PA      | $518746.40    | 0.23%             | 2059-06-25      | Fixed         | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Greensky Home Improvement Issu | GreenSky Home Improvement Issuer Trust                           | CUSIP: 39571VAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1520389.50   | 0.66%             | 2060-06-25      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| GreenState Auto Receivables Tr | GreenState Auto Receivables Trust                                | CUSIP: 39573AAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1240000 | PA      | $1250990.24   | 0.55%             | 2029-01-16      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| HPEFS Equipment Trust          | HPEFS Equipment Trust                                            | CUSIP: 40444MAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1011932.20   | 0.44%             | 2031-10-20      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co.                                   | CUSIP: 42824CBS7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1740000 | PA      | $1747735.73   | 0.76%             | 2027-09-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Huntington Auto Trust          | Huntington Auto Trust                                            | CUSIP: 446144AE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1011058.90   | 0.44%             | 2029-01-16      | Fixed         | 5.23%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS       | Huntington Ingalls Industries, Inc.                              | CUSIP: 446413BA3<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    725000 | PA      | $747142.54    | 0.33%             | 2030-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank   | Huntington Bank Auto Credit-Linked Notes                         | CUSIP: 446438SX2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    961937 | PA      | $967759.01    | 0.42%             | 2033-03-21      | Fixed         | 4.96%                 | Yes           |                  2 | On Loan: No      |
| The Huntington National Bank   | Huntington Bank Auto Credit-Linked Notes                         | CUSIP: 44644NAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    688015 | PA      | $694695.71    | 0.30%             | 2032-10-20      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| IP 2025-IP Mortgage Trust      | IP 2025-IP Mortgage Trust                                        | CUSIP: 449843AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1120000 | PA      | $1139844.27   | 0.50%             | 2042-06-10      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Residential Asset Securitizati | Residential Asset Securitization Trust REMIC                     | CUSIP: 45660NRL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      5085 | PA      | $5387.91      | 0.00%             | 2026-01-07      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| IOWA Student Loan Liquidity Co | Iowa Student Loan Liquidity Corp.                                | CUSIP: 462590MV9<br>LEI: 549300FO1LWVSZKGJK70 | Long             | ABS-MBS          | CORP              | US        |    898146 | PA      | $891934.21    | 0.39%             | 2070-08-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JPMorgan Mortgage Trust                                          | CUSIP: 46641YAA1<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-CBDO         | CORP              | US        |    337335 | PA      | $332482.09    | 0.15%             | 2029-06-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust                       | CUSIP: 46645LAZ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     13446 | PA      | $13420.29     | 0.01%             | 2049-03-17      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co.                                             | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2297826.12   | 1.00%             | 2031-01-24      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| KNDR 2021-KIND A               | KNDR 2021-KIND A                                                 | CUSIP: 482606AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1770220 | PA      | $1763701.89   | 0.77%             | 2038-08-15      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| KEYCORP                        | KeyCorp                                                          | CUSIP: 49326EEK5<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1709824.71   | 0.75%             | 2027-04-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust     | LAD Auto Receivables Trust                                       | CUSIP: 50168BAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    143784 | PA      | $143935.61    | 0.06%             | 2027-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| LAND O LAKES CAP TRST I        | Land O'Lakes Capital Trust I                                     | CUSIP: 514665AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    440000 | PA      | $453823.92    | 0.20%             | 2028-03-15      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| LEVI STRAUSS & CO              | Levi Strauss & Co.                                               | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |   1211000 | PA      | $1124335.15   | 0.49%             | 2031-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| MFRA Trust                     | MFRA Trust                                                       | CUSIP: 552747AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    112017 | PA      | $108864.43    | 0.05%             | 2056-01-25      | Variable      | 0.85%                 | Yes           |                  2 | On Loan: No      |
| MFRA Trust                     | MFRA Trust                                                       | CUSIP: 552754AB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    136061 | PA      | $131454.96    | 0.06%             | 2049-08-25      | Variable      | 2.79%                 | Yes           |                  2 | On Loan: No      |
| MFRA Trust                     | MFRA Trust                                                       | CUSIP: 55284TAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    346824 | PA      | $344674.83    | 0.15%             | 2066-04-25      | Variable      | 3.91%                 | Yes           |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust  | MHC Commercial Mortgage Trust                                    | CUSIP: 55316VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    123393 | PA      | $123393.03    | 0.05%             | 2038-04-15      | Floating      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC     | MMAF Equipment Finance, LLC                                      | CUSIP: 55318CAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    670000 | PA      | $680577.09    | 0.30%             | 2031-07-14      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| M&T Equipment Notes            | M&T Equipment Notes                                              | CUSIP: 55340QAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1273811.88   | 0.56%             | 2032-03-16      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| M&T Equipment Notes            | M&T Equipment Notes                                              | CUSIP: 55376YAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1220000 | PA      | $1243065.93   | 0.54%             | 2031-08-18      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC       | Warnermedia Holdings, Inc.                                       | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    435000 | PA      | $419775.00    | 0.18%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars, Inc.                                                       | CUSIP: 571676AJ4<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9755.24      | 0.00%             | 2026-07-16      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                       | Mars, Inc.                                                       | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2312624.31   | 1.01%             | 2030-03-01      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH         | Molex Electronic Technologies, LLC                               | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1060285.11   | 0.46%             | 2028-04-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                   | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2205000 | PA      | $2278447.76   | 1.00%             | 2029-07-20      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                      | The Mosaic Co.                                                   | CUSIP: 61945CAH6<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |   1885000 | PA      | $1942735.61   | 0.85%             | 2028-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC               | NMEF Funding, LLC                                                | CUSIP: 62890MAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     91537 | PA      | $91656.47     | 0.04%             | 2029-06-15      | Fixed         | 6.07%                 | Yes           |                  2 | On Loan: No      |
| NMEF Funding LLC               | NMEF Funding, LLC                                                | CUSIP: 62890QAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    328597 | PA      | $330799.16    | 0.14%             | 2030-06-17      | Fixed         | 6.57%                 | Yes           |                  2 | On Loan: No      |
| NMEF Funding LLC               | NMEF Funding, LLC                                                | CUSIP: 62919UAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    566908 | PA      | $571280.48    | 0.25%             | 2031-12-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| NNN REIT INC                   | NNN REIT, Inc.                                                   | CUSIP: 637417AJ5<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |   1047000 | PA      | $1040393.60   | 0.45%             | 2026-12-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                   | NNN REIT, Inc.                                                   | CUSIP: 637417AU0<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |    690000 | PA      | $692574.82    | 0.30%             | 2031-02-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                 | NCR Atleos Corp.                                                 | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    200000 | PA      | $216504.40    | 0.09%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust                                       | CUSIP: 63942EAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    755149 | PA      | $680665.00    | 0.30%             | 2069-12-16      | Fixed         | 0.97%                 | Yes           |                  2 | On Loan: No      |
| NE COOPERATIVE REPUBLICAN PLAT | Nebraska Cooperative Republican Platte Enhancement Project       | CUSIP: 639662DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1385827.61   | 0.61%             | 2026-12-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| NE COOPERATIVE REPUBLICAN PLAT | Nebraska Cooperative Republican Platte Enhancement Project       | CUSIP: 639662DE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $223933.78    | 0.10%             | 2027-12-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust REMIC                        | CUSIP: 64829CAA6<br>LEI: 549300RCJSGOC0A85G53 | Long             | ABS-CBDO         | CORP              | US        |     30359 | PA      | $29309.52     | 0.01%             | 2052-05-28      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust REMIC                        | CUSIP: 64829DAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     18546 | PA      | $17904.56     | 0.01%             | 2054-11-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust REMIC                        | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     49111 | PA      | $47793.73     | 0.02%             | 2055-08-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust                              | CUSIP: 64830KAA5<br>LEI: 549300U48YU2VDL8N523 | Long             | ABS-CBDO         | CORP              | US        |    201723 | PA      | $197320.49    | 0.09%             | 2058-05-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC              | Newell Brands, Inc.                                              | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297238.38    | 0.13%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NORTH TEXAS HIGHER EDUCATION A | North Texas Higher Education Authority, Inc.                     | CUSIP: 66286VAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    686480 | PA      | $683268.65    | 0.30%             | 2061-09-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne | Oak Street Investment Grade Net Lease Fund                       | CUSIP: 67190AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1065950 | PA      | $1032848.37   | 0.45%             | 2051-01-20      | Fixed         | 1.48%                 | Yes           |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | Occidental Petroleum Corp.                                       | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2167458.15   | 0.95%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OCCU Auto Receivables Trust    | OCCU Auto Receivables Trust                                      | CUSIP: 674921AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1601852 | PA      | $1613800.31   | 0.71%             | 2028-06-15      | Fixed         | 6.23%                 | Yes           |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Receivables Trust                                         | CUSIP: 67578YAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    480778 | PA      | $485101.79    | 0.21%             | 2032-07-20      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Bayview Opportunity Master Fun | Oceanview Mortgage Loan Trust                                    | CUSIP: 676477AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    246344 | PA      | $233626.92    | 0.10%             | 2050-05-28      | Variable      | 1.73%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp.                                                     | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1099460.30   | 0.48%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC             | PBF Holding Co., LLC/PBF Finance Corp.                           | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $314418.60    | 0.14%             | 2030-03-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC | PEAC Solutions Receivables, LLC                                  | CUSIP: 69392BAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1006136.40   | 0.44%             | 2031-10-20      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC | PEAC Solutions Receivables, LLC                                  | CUSIP: 69392HAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1070000 | PA      | $1089215.38   | 0.48%             | 2032-07-20      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| PAYCHEX INC                    | Paychex, Inc.                                                    | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1306872.44   | 0.57%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Post Road Equipment Finance    | Post Road Equipment Finance, LLC                                 | CUSIP: 73747LAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1135000 | PA      | $1143886.82   | 0.50%             | 2031-05-15      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru | Provident Funding Mortgage Trust                                 | CUSIP: 74388PAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1380485 | PA      | $1397878.21   | 0.61%             | 2055-08-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Purchasing Power Funding       | Purchasing Power Funding, LLC                                    | CUSIP: 745935AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1506943.95   | 0.66%             | 2028-08-15      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| Woodward Capital Management    | Woodward Capital Management                                      | CUSIP: 74938PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1168364 | PA      | $1182430.93   | 0.52%             | 2044-04-25      | Variable      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| RCKT Trust                     | RCKT Trust                                                       | CUSIP: 74939RAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2008585.60   | 0.88%             | 2034-07-25      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| Woodward Capital Management    | Woodward Capital Management                                      | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1138022 | PA      | $1151320.81   | 0.50%             | 2045-01-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| RTX CORP                       | RTX Corp.                                                        | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1403592.04   | 0.61%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP         | Regions Financial Corp.                                          | CUSIP: 7591EPAU4<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1980232.84   | 0.87%             | 2030-06-06      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In | Residential Accredit Loans, Inc. Trust REMIC                     | CUSIP: 76110G6V8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     11499 | PA      | $7305.51      | 0.00%             | 2026-01-07      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust         | SLM Student Loan Trust                                           | CUSIP: 78444GAC8<br>LEI: 549300OORAXMFXOHG132 | Long             | ABS-MBS          | CORP              | US        |    382918 | PA      | $380958.86    | 0.17%             | 2025-10-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust         | SLM Student Loan Trust                                           | CUSIP: 78444YAD7<br>LEI: 549300SRMXHPGI3BJ386 | Long             | ABS-MBS          | CORP              | US        |    165587 | PA      | $166260.70    | 0.07%             | 2028-07-25      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust         | SLM Student Loan Trust                                           | CUSIP: 78445AAD8<br>LEI: 549300EQOYJZL2D96G46 | Long             | ABS-MBS          | CORP              | US        |    328810 | PA      | $329555.76    | 0.14%             | 2029-04-15      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr | Sofi Professional Loan Program Trust                             | CUSIP: 78490DAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    133918 | PA      | $132981.72    | 0.06%             | 2048-01-25      | Fixed         | 3.59%                 | Yes           |                  2 | On Loan: No      |
| Space Coast Credit Union       | Space Coast Credit Union                                         | CUSIP: 80620BAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1158249.76   | 0.51%             | 2031-12-15      | Fixed         | 4.78%                 | Yes           |                  2 | On Loan: No      |
| SCOTTS BLUFF CNTY NE SCH DIST  | Scotts Bluff County School District No. 32                       | CUSIP: 810181FQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $164753.14    | 0.07%             | 2026-12-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRU | SoFi Consumer Loan Program Trust                                 | CUSIP: 83390JAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1385000 | PA      | $1389762.05   | 0.61%             | 2034-08-15      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| Social Professional Loan Progr | Sofi Professional Loan Program, LLC                              | CUSIP: 83404WAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    205432 | PA      | $201808.46    | 0.09%             | 2048-08-17      | Fixed         | 3.09%                 | Yes           |                  2 | On Loan: No      |
| Social Professional Loan Progr | SoFi Professional Loan Program Trust                             | CUSIP: 83405NAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    540819 | PA      | $474431.44    | 0.21%             | 2047-02-15      | Fixed         | 1.14%                 | Yes           |                  2 | On Loan: No      |
| Social Professional Loan Progr | Sofi Professional Loan Program Trust                             | CUSIP: 83405YAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400838 | PA      | $354084.08    | 0.15%             | 2043-08-17      | Fixed         | 1.03%                 | Yes           |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRU | SoFi Consumer Loan Program Trust                                 | CUSIP: 83406YAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1320000 | PA      | $1334939.76   | 0.58%             | 2034-02-27      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| STELLANTIS FINANCIAL SER       | Stellantis Financial Services US Corp.                           | CUSIP: 85855FAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $549854.94    | 0.24%             | 2028-09-15      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Sutherland Commercial Mortgage | Sutherland Commercial Mortgage Trust                             | CUSIP: 86935CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    478632 | PA      | $457818.09    | 0.20%             | 2041-04-25      | Variable      | 2.86%                 | Yes           |                  2 | On Loan: No      |
| Sutherland Commercial Mortgage | Sutherland Commercial Mortgage Trust                             | CUSIP: 86935JAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    276257 | PA      | $259300.26    | 0.11%             | 2041-12-25      | Variable      | 1.55%                 | Yes           |                  2 | On Loan: No      |
| TPG Real Estate Finance        | TRTX Issuer, Ltd.                                                | CUSIP: 87277JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   1050935 | PA      | $1050881.84   | 0.46%             | 2039-02-15      | Floating      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| TAPESTRY INC                   | Tapestry, Inc.                                                   | CUSIP: 876030AK3<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    800000 | PA      | $818197.26    | 0.36%             | 2030-03-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust                                        | CUSIP: 89173FAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $640516.57    | 0.28%             | 2056-10-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust                                        | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    406765 | PA      | $398460.11    | 0.17%             | 2057-06-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust                                        | CUSIP: 89176VAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     72601 | PA      | $71858.58     | 0.03%             | 2058-07-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust                                        | CUSIP: 89178YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    257049 | PA      | $251970.37    | 0.11%             | 2060-02-25      | Variable      | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust                                        | CUSIP: 89179YAR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    635833 | PA      | $599272.14    | 0.26%             | 2061-11-25      | Variable      | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Tricon American Homes          | Tricon American Homes Trust                                      | CUSIP: 89612LAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    221021 | PA      | $219255.20    | 0.10%             | 2038-03-17      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Tricon Residential             | Tricon Residential Trust                                         | CUSIP: 89616QAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    921924 | PA      | $914851.34    | 0.40%             | 2039-04-17      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| TRONOX INC                     | Tronox, Inc.                                                     | CUSIP: 897051AD0<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    400000 | PA      | $391889.32    | 0.17%             | 2030-09-30      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP          | Truist Financial Corp.                                           | CUSIP: 89788MAL6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2240000 | PA      | $2273700.80   | 0.99%             | 2029-01-26      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| Truist Bank Auto Credit-Linked | Truist Bank Auto Credit-Linked Notes                             | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1701255.11   | 0.74%             | 2033-09-26      | Fixed         | 4.73%                 | Yes           |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC       | Turning Point Brands, Inc.                                       | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |    200000 | PA      | $211640.00    | 0.09%             | 2032-03-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| US BANCORP                     | U.S. Bancorp                                                     | CUSIP: 902973866<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |       300 | NS      | $246750.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS NORTH AM        | United Rentals North America, Inc.                               | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    680000 | PA      | $677924.22    | 0.30%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US BANCORP                     | U.S. Bancorp                                                     | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2305207.20   | 1.01%             | 2029-06-12      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Note/Bond                                          | CUSIP: 9128283W8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16800000 | PA      | $16467281.21  | 7.20%             | 2028-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Note                                               | CUSIP: 912828V98<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12290000 | PA      | $12055241.83  | 5.27%             | 2027-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Note                                               | CUSIP: 91282CHQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19425000 | PA      | $19682988.28  | 8.61%             | 2028-07-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Note/Bond                                          | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $6114140.64   | 2.67%             | 2029-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Note/Bond                                          | CUSIP: 91282CMA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1150000 | PA      | $1168507.81   | 0.51%             | 2029-11-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UPX HIL 2025-1 Issuer Trust    | UPX HIL 2025-1 Issuer Trust                                      | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    961646 | PA      | $965743.78    | 0.42%             | 2047-01-25      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Vantage Data Centers LLC       | Vantage Data Centers, LLC                                        | CUSIP: 92212KAH9<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-CBDO         | CORP              | US        |    830000 | PA      | $834203.70    | 0.36%             | 2055-08-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| VASA Trust                     | VASA Trust                                                       | CUSIP: 92230AAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1450000 | PA      | $1417484.77   | 0.62%             | 2039-07-15      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust                           | CUSIP: 92259PAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    596758 | PA      | $608681.37    | 0.27%             | 2054-04-25      | Variable      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust                           | CUSIP: 92259TAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    718177 | PA      | $622206.75    | 0.27%             | 2051-05-25      | Variable      | 1.40%                 | Yes           |                  2 | On Loan: No      |
| Verdant Receivables LLC        | Verdant Receivables, LLC                                         | CUSIP: 92339MAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    832447 | PA      | $848156.58    | 0.37%             | 2031-12-12      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Verdant Receivables LLC        | Verdant Receivables, LLC                                         | CUSIP: 92340GAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1728888.27   | 0.76%             | 2033-05-12      | Fixed         | 4.96%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications, Inc.                                     | CUSIP: 92343VFX7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    738000 | PA      | $648940.94    | 0.28%             | 2030-10-30      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL       | Viper Energy Partners, LLC                                       | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    350000 | PA      | $352609.81    | 0.15%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WSTN Trust                     | WSTN Trust                                                       | CUSIP: 92943AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2145000 | PA      | $2186985.16   | 0.96%             | 2037-07-05      | Variable      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| WALKER & DUNLOP INC            | Walker & Dunlop, Inc.                                            | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $127830.83    | 0.06%             | 2033-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co.                                                | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2245000 | PA      | $2271498.52   | 0.99%             | 2028-07-25      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust                            | CUSIP: 95003PAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1445000 | PA      | $1458230.42   | 0.64%             | 2035-07-15      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust                            | CUSIP: 95004JAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1073000 | PA      | $1138157.39   | 0.50%             | 2058-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                 | Whirlpool Corp.                                                  | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    275000 | PA      | $277153.87    | 0.12%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LL | Wingspire Equipment Finance, LLC                                 | CUSIP: 97415AAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    712367 | PA      | $716474.42    | 0.31%             | 2032-09-20      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| Wingspire Equipment Finance LL | Wingspire Equipment Finance, LLC                                 | CUSIP: 97415CAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1375000 | PA      | $1373315.35   | 0.60%             | 2033-09-20      | Fixed         | 4.57%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-18

**Name of Applicant:** Tributary Funds, Inc.

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer