# EDGAR Filing Document

**Accession Number:** 0001032423
**File Stem:** 0000910472-25-005458
**Filing Date:** 2025-12
**Character Count:** 797714
**Document Hash:** ac25fe2face92a652d3eee1f738f678c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005458.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000910472-25-005458

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DIAMOND HILL FUNDS
- **CENTRAL INDEX KEY:** 0001032423

**ORGANIZATION NAME:**
- **EIN:** 316547095
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08061
- **FILM NUMBER:** 251540143

**BUSINESS ADDRESS:**
- **STREET 1:** 325 JOHN H. MCCONNELL BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-255-3333

**MAIL ADDRESS:**
- **STREET 1:** 325 JOHN H. MCCONNELL BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BSG FUNDS
- **DATE OF NAME CHANGE:** 19970206

## Series and Classes Contracts Data

### Diamond Hill Core Bond Fund (Series ID: S000055044)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000173086 | Diamond Hill Core Bond Fund Investor | DHRAX           |
| C000173087 | Diamond Hill Core Bond Fund Class I  | DHRIX           |
| C000173088 | Diamond Hill Core Bond Fund Class Y  | DHRYX           |

## Nport-Ex

**Diamond Hill Small Cap Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 99.3%** | **Shares** | **Fair Value** |
| **Consumer Discretionary - 10.6%** |  |  |
| American Eagle Outfitters, Inc. <sup>(a)</sup> | 143284 | $2451589 |
| Century Communities, Inc. | 24743 | 1567964 |
| Green Brick Partners, Inc. <sup>(a)(b)</sup> | 13543 | 1000286 |
| Johnson Outdoors, Inc., Class A <sup>(a)</sup> | 42418 | 1713263 |
| Red Rock Resorts, Inc., Class A | 235295 | 14367113 |
| Rocky Brands, Inc. <sup>(a)</sup> | 71611 | 2133292 |
|  |  | 23233507 |
| **Consumer Staples - 8.0%** |  |  |
| Mama's Creations, Inc. <sup>(a)(b)</sup> | 312769 | 3287202 |
| Marzetti Co. (The) | 15493 | 2677035 |
| Oil-Dri Corp. of America <sup>(a)</sup> | 91756 | 5600786 |
| Post Holdings, Inc. <sup>(b)</sup> | 22880 | 2459142 |
| Utz Brands, Inc. | 284192 | 3452933 |
|  |  | 17477098 |
| **Energy - 4.7%** |  |  |
| Centrus Energy Corp., Class A <sup>(a)(b)</sup> | 15862 | 4918330 |
| Civitas Resources, Inc. <sup>(a)</sup> | 83571 | 2716058 |
| Magnolia Oil & Gas Corp., Class A <sup>(a)</sup> | 111570 | 2663176 |
|  |  | 10297564 |
| **Financials - 18.4%** |  |  |
| Bank OZK | 175778 | 8961162 |
| BOK Financial Corp. <sup>(a)</sup> | 29445 | 3281351 |
| First Western Financial, Inc. <sup>(a)(b)</sup> | 67661 | 1557895 |
| International General Insurance Holdings Ltd. <sup>(a)</sup> | 182454 | 4232933 |
| Live Oak Bancshares, Inc. | 199502 | 7026460 |
| Mr. Cooper Group, Inc. | 24330 | 5128521 |
| Silvercrest Asset Management Group, Inc., Class A <sup>(a)</sup> | 102997 | 1622203 |
| Triumph Financial, Inc. <sup>(b)</sup> | 169290 | 8471272 |
|  |  | 40281797 |
| **Health Care - 9.9%** |  |  |
| Astrana Health, Inc. <sup>(a)(b)</sup> | 325718 | 9234105 |
| Avanos Medical, Inc. <sup>(a)(b)</sup> | 289933 | 3351625 |
| Mesa Laboratories, Inc. <sup>(a)</sup> | 90500 | 6064405 |
| UFP Technologies, Inc. <sup>(a)(b)</sup> | 14920 | 2978032 |
|  |  | 21628167 |

---

**Diamond Hill Small Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 99.3% (Continued)** | **Shares** | **Fair Value** |
| **Industrials - 28.6%** |  |  |
| Allegiant Travel Co. <sup>(a)(b)</sup> | 96596 | $5870139 |
| Allient, Inc. | 72803 | 3257934 |
| Asure Software, Inc. <sup>(a)(b)</sup> | 151973 | 1246179 |
| AZZ, Inc. | 24891 | 2716355 |
| Cimpress plc <sup>(b)</sup> | 24704 | 1557340 |
| Concrete Pumping Holdings, Inc. <sup>(a)</sup> | 351497 | 2478054 |
| Ducommun, Inc. <sup>(b)</sup> | 107220 | 10307059 |
| Energy Recovery, Inc. <sup>(b)</sup> | 90243 | 1391547 |
| ESAB Corp. | 16486 | 1842146 |
| First Advantage Corp. <sup>(b)</sup> | 320670 | 4935111 |
| Fortune Brands Innovations, Inc. | 39853 | 2127752 |
| FTAI Infrastructure, Inc. <sup>(a)</sup> | 1103835 | 4812721 |
| Graham Corp. <sup>(a)(b)</sup> | 117925 | 6474083 |
| Helios Technologies, Inc. | 61411 | 3201355 |
| Hurco Cos., Inc. <sup>(b)</sup> | 50752 | 883085 |
| Miller Industries, Inc. | 42276 | 1708796 |
| Perma-Fix Environmental Services, Inc. <sup>(a)(b)</sup> | 186240 | 1881024 |
| Proficient Auto Logistics, Inc. <sup>(a)(b)</sup> | 535353 | 3688582 |
| Thermon Group Holdings, Inc. <sup>(a)(b)</sup> | 45645 | 1219634 |
| WESCO International, Inc. | 4874 | 1030851 |
|  |  | 62629747 |
| **Information Technology - 1.2%** |  |  |
| Progress Software Corp. <sup>(a)</sup> | 34357 | 1509303 |
| Rimini Street, Inc. <sup>(a)(b)</sup> | 262468 | 1228350 |
|  |  | 2737653 |
| **Materials - 9.5%** |  |  |
| Ashland, Inc. | 21395 | 1025034 |
| Core Molding Technologies, Inc. <sup>(a)(b)</sup> | 86209 | 1771595 |
| Orion SA | 278948 | 2114426 |
| Taseko Mines Ltd. <sup>(a)(b)</sup> | 1321877 | 5591540 |
| Titan America SA | 170909 | 2553380 |
| United States Lime & Minerals, Inc. <sup>(a)</sup> | 58494 | 7694886 |
|  |  | 20750861 |
| **Real Estate - 6.8%** |  |  |
| CubeSmart | 95804 | 3895391 |

---

**Diamond Hill Small Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 99.3% (Continued)** | **Shares** | **Fair Value** |
| **Real Estate - 6.8% (Continued)** |  |  |
| Curbline Properties Corp. <sup>(a)</sup> | 100687 | $2245320 |
| Ryman Hospitality Properties, Inc. <sup>(a)</sup> | 76221 | 6828639 |
| Strawberry Fields REIT, Inc. | 164993 | 2029414 |
|  |  | 14998764 |
| **Utilities - 1.6%** |  |  |
| UGI Corp. <sup>(a)</sup> | 102631 | 3413507 |
| **Total Common Stocks** (Cost $149,018,142) |  | $217448665 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 17.3%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> | 611357 | $611357 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(c)(d)</sup> | 37201479 | 37201479 |
| **Total Registered Investment Companies** (Cost $37,812,836) |  | $37812836 |
| **Total Investment Securities - 116.6%** (Cost $186,830,978) |  | $255261501 |
| **Liabilities in Excess of Other Assets - (16.6)%** |  | (36247729) |
| **Net Assets - 100.0%** |  | $219013772 |

---

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $55,865,804.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(d)</sup> This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $20,854,495.

plc - Public Limited Company

REIT - Real Estate Investment Trust

SA - Societe Anonyme

**Diamond Hill Small-Mid Cap Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.1%** | **Shares** | **Fair Value** |
| **Communication Services - 1.7%** |  |  |
| Liberty Media Corp. - Liberty Formula One - Series C <sup>(a)(b)</sup> | 151769 | $15852272 |
| **Consumer Discretionary - 10.2%** |  |  |
| Bath & Body Works, Inc. | 266143 | 6855844 |
| CarMax, Inc. <sup>(b)</sup> | 97699 | 4383754 |
| Century Communities, Inc. <sup>(a)</sup> | 49817 | 3156903 |
| Lear Corp. <sup>(a)</sup> | 137735 | 13857518 |
| NVR, Inc. <sup>(b)</sup> | 2245 | 18037812 |
| Red Rock Resorts, Inc., Class A | 752789 | 45965296 |
|  |  | 92257127 |
| **Consumer Staples - 5.4%** |  |  |
| Marzetti Co. (The) | 78048 | 13485914 |
| Post Holdings, Inc. <sup>(a)(b)</sup> | 332322 | 35717969 |
|  |  | 49203883 |
| **Energy - 3.7%** |  |  |
| Civitas Resources, Inc. <sup>(a)</sup> | 635371 | 20649558 |
| Coterra Energy, Inc. | 538758 | 12741627 |
|  |  | 33391185 |
| **Financials - 14.6%** |  |  |
| Brown & Brown, Inc. | 51521 | 4832155 |
| Equitable Holdings, Inc. | 169604 | 8612491 |
| First Horizon Corp. | 306764 | 6935934 |
| Loews Corp. | 82612 | 8293419 |
| Mr. Cooper Group, Inc. | 210393 | 44348740 |
| RenaissanceRe Holdings Ltd. <sup>(a)</sup> | 72421 | 18389865 |
| Stifel Financial Corp. | 74209 | 8420495 |
| Synovus Financial Corp. | 155923 | 7652701 |
| Triumph Financial, Inc. <sup>(b)</sup> | 100021 | 5005051 |
| Webster Financial Corp. | 326934 | 19432957 |
|  |  | 131923808 |
| **Health Care - 10.5%** |  |  |
| Boston Scientific Corp. <sup>(a)(b)</sup> | 61669 | 6020744 |
| Cooper Cos., Inc. (The) <sup>(b)</sup> | 93583 | 6416050 |
| ICON plc <sup>(b)</sup> | 93008 | 16276400 |
| Illumina, Inc. <sup>(a)(b)</sup> | 134737 | 12795973 |

---

**Diamond Hill Small-Mid Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.1% (Continued)** | **Shares** | **Fair Value** |
| **Health Care - 10.5% (Continued)** |  |  |
| Labcorp Holdings, Inc. | 50548 | $14510309 |
| Perrigo Co. plc <sup>(a)</sup> | 190000 | 4231300 |
| Revvity, Inc. <sup>(a)</sup> | 140558 | 12319909 |
| Solventum Corp. <sup>(b)</sup> | 179582 | 13109486 |
| Teleflex, Inc. <sup>(a)</sup> | 80000 | 9788800 |
|  |  | 95468971 |
| **Industrials - 28.8%** |  |  |
| Alaska Air Group, Inc. <sup>(a)(b)</sup> | 111110 | 5531056 |
| Builders FirstSource, Inc. <sup>(a)(b)</sup> | 48677 | 5902086 |
| Energy Recovery, Inc. <sup>(b)</sup> | 431923 | 6660253 |
| ESAB Corp. | 34448 | 3849220 |
| First Advantage Corp. <sup>(b)</sup> | 699606 | 10766936 |
| Fortune Brands Innovations, Inc. | 174117 | 9296107 |
| FTI Consulting, Inc. <sup>(b)</sup> | 42177 | 6817912 |
| Gates Industrial Corp. plc <sup>(b)</sup> | 1389260 | 34481433 |
| Generac Holdings, Inc. <sup>(b)</sup> | 36882 | 6174047 |
| Helios Technologies, Inc. <sup>(a)</sup> | 133637 | 6966497 |
| Huntington Ingalls Industries, Inc. | 117048 | 33699290 |
| Regal Rexnord Corp. | 224241 | 32165129 |
| SS&C Technologies Holdings, Inc. | 276679 | 24558028 |
| Toro Co. (The) | 58441 | 4453204 |
| TransUnion <sup>(a)</sup> | 132013 | 11060049 |
| WESCO International, Inc. | 206360 | 43645140 |
| WNS Holdings Ltd. <sup>(a)(b)</sup> | 200424 | 15286338 |
|  |  | 261312725 |
| **Information Technology - 8.2%** |  |  |
| Ciena Corp. <sup>(b)</sup> | 164546 | 23969416 |
| GoDaddy, Inc., Class A <sup>(b)</sup> | 60312 | 8252491 |
| Progress Software Corp. <sup>(a)(b)</sup> | 279769 | 12290252 |
| Teledyne Technologies, Inc. <sup>(a)(b)</sup> | 18308 | 10729220 |
| VeriSign, Inc. | 66804 | 18676394 |
|  |  | 73917773 |
| **Materials - 3.0%** |  |  |
| Ashland, Inc. | 130000 | 6228300 |
| Knife River Corp. <sup>(a)(b)</sup> | 138727 | 10663944 |

---

**Diamond Hill Small-Mid Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.1% (Continued)** | **Shares** | **Fair Value** |
| **Materials - 3.0% (Continued)** |  |  |
| Taseko Mines Ltd. <sup>(b)</sup> | 2339997 | $9898187 |
|  |  | 26790431 |
| **Real Estate - 8.6%** |  |  |
| CubeSmart | 686248 | 27902844 |
| Mid-America Apartment Communities, Inc. | 143926 | 20110780 |
| Rexford Industrial Realty, Inc. <sup>(a)</sup> | 268740 | 11047901 |
| Ryman Hospitality Properties, Inc. <sup>(a)</sup> | 141321 | 12660948 |
| UDR, Inc. <sup>(a)</sup> | 167440 | 6238814 |
|  |  | 77961287 |
| **Utilities - 1.4%** |  |  |
| UGI Corp. <sup>(a)</sup> | 376196 | 12512279 |
| **Total Common Stocks** (Cost $572,614,490) |  | $870591741 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 9.4%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> | 25442616 | $25442616 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(c)(d)</sup> | 59945372 | 59945372 |
| **Total Registered Investment Companies** (Cost $85,387,988) |  | $85387988 |
| **Total Investment Securities - 105.5%** (Cost $658,002,478) |  | $955979729 |
| **Liabilities in Excess of Other Assets - (5.5)%** |  | (49792273) |
| **Net Assets - 100.0%** |  | $906187456 |

---

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $131,502,788.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(d)</sup> This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $73,199,454.

plc - Public Limited Company

**Diamond Hill Mid Cap Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.8%** | **Shares** | **Fair Value** |
| **Communication Services - 1.8%** |  |  |
| Liberty Media Corp. - Liberty Formula One - Series C <sup>(a)</sup> | 13771 | $1438381 |
| **Consumer Discretionary - 6.3%** |  |  |
| CarMax, Inc. <sup>(a)</sup> | 8979 | 402888 |
| Lear Corp. <sup>(b)</sup> | 3000 | 301830 |
| NVR, Inc. <sup>(a)</sup> | 179 | 1438204 |
| Red Rock Resorts, Inc., Class A | 47006 | 2870186 |
|  |  | 5013108 |
| **Consumer Staples - 6.5%** |  |  |
| Marzetti Co. (The) | 4401 | 760449 |
| Post Holdings, Inc. <sup>(a)</sup> | 27741 | 2981603 |
| Sysco Corp. | 17178 | 1414437 |
|  |  | 5156489 |
| **Energy - 2.7%** |  |  |
| Civitas Resources, Inc. <sup>(b)</sup> | 19544 | 635180 |
| Coterra Energy, Inc. | 42290 | 1000158 |
| Diamondback Energy, Inc. | 3817 | 546213 |
|  |  | 2181551 |
| **Financials - 16.4%** |  |  |
| American International Group, Inc. | 46420 | 3645827 |
| Equitable Holdings, Inc. | 11134 | 565385 |
| Hartford Insurance Group, Inc. (The) | 9355 | 1247863 |
| LPL Financial Holdings, Inc. <sup>(b)</sup> | 2639 | 877969 |
| Mr. Cooper Group, Inc. | 16203 | 3415430 |
| Stifel Financial Corp. | 4223 | 479184 |
| Webster Financial Corp. | 16595 | 986407 |
| Willis Towers Watson plc <sup>(b)</sup> | 5234 | 1808085 |
|  |  | 13026150 |
| **Health Care - 12.8%** |  |  |
| Boston Scientific Corp. <sup>(a)</sup> | 16173 | 1578970 |
| Cooper Cos., Inc. (The) <sup>(a)</sup> | 8197 | 561986 |
| Humana, Inc. | 6734 | 1751985 |
| ICON plc <sup>(a)</sup> | 6842 | 1197350 |
| Illumina, Inc. <sup>(a)(b)</sup> | 11766 | 1117417 |
| Labcorp Holdings, Inc. | 4525 | 1298946 |

---

**Diamond Hill Mid Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.8% (Continued)** | **Shares** | **Fair Value** |
| **Health Care - 12.8% (Continued)** |  |  |
| Revvity, Inc. <sup>(b)</sup> | 12269 | $1075378 |
| Solventum Corp. <sup>(a)</sup> | 11435 | 834755 |
| Teleflex, Inc. | 6400 | 783104 |
|  |  | 10199891 |
| **Industrials - 27.3%** |  |  |
| Alaska Air Group, Inc. <sup>(a)(b)</sup> | 9800 | 487844 |
| Ferguson Enterprises, Inc. | 6007 | 1349052 |
| Fortune Brands Innovations, Inc. | 15579 | 831763 |
| FTI Consulting, Inc. <sup>(a)</sup> | 4888 | 790145 |
| Huntington Ingalls Industries, Inc. | 8854 | 2549155 |
| Johnson Controls International plc | 10155 | 1116542 |
| L3Harris Technologies, Inc. | 6311 | 1927443 |
| Parker-Hannifin Corp. <sup>(b)</sup> | 3650 | 2767248 |
| Regal Rexnord Corp. | 20138 | 2888595 |
| SS&C Technologies Holdings, Inc. | 24276 | 2154738 |
| Toro Co. (The) | 4064 | 309677 |
| TransUnion | 11099 | 929874 |
| WESCO International, Inc. | 16818 | 3557007 |
|  |  | 21659083 |
| **Information Technology - 7.3%** |  |  |
| Check Point Software Technologies Ltd. <sup>(a)</sup> | 1641 | 339539 |
| Ciena Corp. <sup>(a)</sup> | 14429 | 2101872 |
| GoDaddy, Inc., Class A <sup>(a)</sup> | 5199 | 711379 |
| Teledyne Technologies, Inc. <sup>(a)</sup> | 1654 | 969310 |
| VeriSign, Inc. | 5924 | 1656173 |
|  |  | 5778273 |
| **Materials - 5.1%** |  |  |
| Ashland, Inc. | 15744 | 754295 |
| Freeport-McMoRan, Inc. | 48146 | 1888286 |
| Martin Marietta Materials, Inc. | 2241 | 1412457 |
|  |  | 4055038 |
| **Real Estate - 9.2%** |  |  |
| CubeSmart | 48526 | 1973067 |
| Extra Space Storage, Inc. | 6818 | 960929 |
| Mid-America Apartment Communities, Inc. | 10818 | 1511599 |

---

**Diamond Hill Mid Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.8% (Continued)** | **Shares** | **Fair Value** |
| **Real Estate - 9.2% (Continued)** |  |  |
| Ryman Hospitality Properties, Inc. | 12226 | $1095327 |
| SBA Communications Corp., Class A | 4298 | 831018 |
| Ventas, Inc. | 12813 | 896782 |
|  |  | 7268722 |
| **Utilities - 1.4%** |  |  |
| UGI Corp. <sup>(b)</sup> | 34137 | 1135397 |
| **Total Common Stocks** (Cost $45,153,095) |  | $76912083 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 8.8%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> | 2465545 | $2465545 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(c)(d)</sup> | 4484769 | 4484769 |
| **Total Registered Investment Companies** (Cost $6,950,314) |  | $6950314 |
| **Total Investment Securities - 105.6%** (Cost $52,103,409) |  | $83862397 |
| **Liabilities in Excess of Other Assets - (5.6)%** |  | (4442628) |
| **Net Assets - 100.0%** |  | $79419769 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $6,941,260.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(d)</sup> This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $2,501,919.

plc - Public Limited Company

**Diamond Hill Large Cap Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.8%** | **Shares** | **Fair Value** |
| **Communication Services - 2.1%** |  |  |
| Walt Disney Co. (The) | 1397604 | $160025658 |
| **Consumer Discretionary - 8.1%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup> | 601236 | 132013389 |
| CarMax, Inc. <sup>(a)</sup> | 1912093 | 85795613 |
| General Motors Co. <sup>(b)</sup> | 2586771 | 157715428 |
| NVR, Inc. <sup>(a)</sup> | 16789 | 134893907 |
| Starbucks Corp. <sup>(b)</sup> | 1322644 | 111895682 |
|  |  | 622314019 |
| **Consumer Staples - 9.1%** |  |  |
| Colgate-Palmolive Co. <sup>(b)</sup> | 3705017 | 296179059 |
| General Mills, Inc. | 3779023 | 190538340 |
| Sysco Corp. | 2561524 | 210915886 |
|  |  | 697633285 |
| **Energy - 4.8%** |  |  |
| ConocoPhillips | 2419776 | 228886612 |
| Diamondback Energy, Inc. | 989426 | 141586861 |
|  |  | 370473473 |
| **Financials - 24.6%** |  |  |
| American International Group, Inc. | 4636576 | 364156679 |
| Aon plc, Class A | 705892 | 251706969 |
| Bank of America Corp. | 3460773 | 178541279 |
| Berkshire Hathaway, Inc., Class B <sup>(a)</sup> | 747550 | 375823287 |
| Capital One Financial Corp. | 1139878 | 242315265 |
| Equitable Holdings, Inc. | 728549 | 36995718 |
| Hartford Insurance Group, Inc. (The) | 343039 | 45757972 |
| KeyCorp | 5212814 | 97427494 |
| MetLife, Inc. | 1888765 | 155577573 |
| Nasdaq, Inc. | 413697 | 36591500 |
| Visa, Inc., Class A <sup>(b)</sup> | 275907 | 94189132 |
|  |  | 1879082868 |
| **Health Care - 14.4%** |  |  |
| Abbott Laboratories <sup>(b)</sup> | 2294233 | 307289568 |
| HCA Healthcare, Inc. | 274139 | 116838042 |
| Labcorp Holdings, Inc. <sup>(b)</sup> | 626808 | 179931505 |

---

**Diamond Hill Large Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Common Stocks - 96.8% (Continued)** | **Shares** | **Fair Value** |
| **Health Care - 14.4% (Continued)** |  |  |
| Medtronic plc | 1052377 | $100228385 |
| Pfizer, Inc. | 4804083 | 122408035 |
| Thermo Fisher Scientific, Inc. <sup>(b)</sup> | 238988 | 115913960 |
| Zoetis, Inc. <sup>(b)</sup> | 1083751 | 158574446 |
|  |  | 1101183941 |
| **Industrials - 15.9%** |  |  |
| Builders FirstSource, Inc. <sup>(a)(b)</sup> | 550365 | 66731756 |
| Caterpillar, Inc. | 213494 | 101868662 |
| Deere & Co. | 198065 | 90567202 |
| FedEx Corp. | 359425 | 84756009 |
| Ferguson Enterprises, Inc. <sup>(b)</sup> | 682354 | 153243061 |
| L3Harris Technologies, Inc. | 420985 | 128573029 |
| Regal Rexnord Corp. <sup>(b)</sup> | 800206 | 114781549 |
| SS&C Technologies Holdings, Inc. <sup>(b)</sup> | 1113375 | 98823165 |
| Union Pacific Corp. | 743266 | 175685784 |
| Waste Management, Inc. | 887104 | 195899176 |
|  |  | 1210929393 |
| **Information Technology - 8.8%** |  |  |
| Accenture plc, Class A | 395967 | 97645462 |
| Adobe, Inc. <sup>(a)</sup> | 428035 | 150989346 |
| Salesforce, Inc. <sup>(b)</sup> | 676578 | 160348986 |
| Texas Instruments, Inc. | 1412811 | 259575765 |
|  |  | 668559559 |
| **Materials - 5.0%** |  |  |
| International Paper Co. <sup>(b)</sup> | 2429848 | 112744947 |
| Martin Marietta Materials, Inc. <sup>(b)</sup> | 248966 | 156918291 |
| Nucor Corp. <sup>(b)</sup> | 820384 | 111104605 |
|  |  | 380767843 |
| **Real Estate - 4.0%** |  |  |
| Extra Space Storage, Inc. | 1039928 | 146567452 |
| SBA Communications Corp., Class A | 804038 | 155460747 |
|  |  | 302028199 |
| **Total Common Stocks** (Cost $5,970,600,627) |  | $7392998238 |

---

**Diamond Hill Large Cap Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 4.6%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> | 224626456 | $224626456 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(c)(d)</sup> | 128115020 | 128115020 |
| **Total Registered Investment Companies** (Cost $352,741,476) |  | $352741476 |
| **Total Investment Securities - 101.4%** (Cost $6,323,342,103) |  | $7745739714 |
| **Liabilities in Excess of Other Assets - (1.4)%** |  | (107665471) |
| **Net Assets - 100.0%** |  | $7638074243 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $201,265,405.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(d)</sup> This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $76,354,741.

plc - Public Limited Company

**Diamond Hill Select Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 98.0%** | **Shares** | **Fair Value** |
| **Consumer Discretionary - 13.9%** |  |  |
| CarMax, Inc. <sup>(a)</sup> | 394898 | $17719073 |
| General Motors Co. | 262601 | 16010783 |
| Red Rock Resorts, Inc., Class A | 508419 | 31044064 |
| Starbucks Corp. | 185601 | 15701845 |
|  |  | 80475765 |
| **Consumer Staples - 3.3%** |  |  |
| Colgate-Palmolive Co. | 241094 | 19273054 |
| **Energy - 6.3%** |  |  |
| Antero Resources Corp. <sup>(a)</sup> | 445280 | 14943597 |
| Diamondback Energy, Inc. | 151691 | 21706982 |
|  |  | 36650579 |
| **Financials - 25.1%** |  |  |
| American International Group, Inc. | 493655 | 38771664 |
| Berkshire Hathaway, Inc., Class B <sup>(a)</sup> | 62636 | 31489623 |
| Capital One Financial Corp. | 145765 | 30986724 |
| KeyCorp | 827620 | 15468218 |
| Mr. Cooper Group, Inc. | 136297 | 28730045 |
|  |  | 145446274 |
| **Health Care - 5.6%** |  |  |
| Abbott Laboratories | 153995 | 20626090 |
| Zoetis, Inc. | 79375 | 11614150 |
|  |  | 32240240 |
| **Industrials - 27.6%** |  |  |
| Builders FirstSource, Inc. <sup>(a)(b)</sup> | 67172 | 8144605 |
| Cimpress plc <sup>(a)(b)</sup> | 577846 | 36427412 |
| Huntington Ingalls Industries, Inc. <sup>(b)</sup> | 119651 | 34448719 |
| Regal Rexnord Corp. | 247945 | 35565231 |
| SS&C Technologies Holdings, Inc. | 171752 | 15244708 |
| Union Pacific Corp. | 65247 | 15422433 |
| WESCO International, Inc. <sup>(b)</sup> | 68748 | 14540202 |
|  |  | 159793310 |
| **Information Technology - 9.3%** |  |  |
| Adobe, Inc. <sup>(a)</sup> | 34795 | 12273936 |
| Coherent Corp. <sup>(a)</sup> | 122392 | 13184066 |

---

**Diamond Hill Select Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 98.0% (Continued)** | **Shares** | **Fair Value** |
| **Information Technology - 9.3% (Continued)** |  |  |
| Salesforce, Inc. | 60871 | $14426427 |
| Texas Instruments, Inc. | 77017 | 14150333 |
|  |  | 54034762 |
| **Materials - 4.9%** |  |  |
| Ashland, Inc. | 319398 | 15302358 |
| International Paper Co. <sup>(b)</sup> | 279347 | 12961701 |
|  |  | 28264059 |
| **Real Estate - 2.0%** |  |  |
| SBA Communications Corp., Class A | 58838 | 11376327 |
| **Total Common Stocks** (Cost $437,445,878) |  | $567554370 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 5.6%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> | 11611524 | $11611524 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(c)(d)</sup> | 20631586 | 20631586 |
| **Total Registered Investment Companies** (Cost $32,243,110) |  | $32243110 |
| **Total Investment Securities - 103.6%** (Cost $469,688,988) |  | $599797480 |
| **Liabilities in Excess of Other Assets - (3.6)%** |  | (20689054) |
| **Net Assets - 100.0%** |  | $579108426 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $27,757,401.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(d)</sup> This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $7,425,747.

plc - Public Limited Company

**Diamond Hill Long-Short Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 89.8%** | **Shares** | **Fair Value** |
| **Communication Services - 10.9%** |  |  |
| Alphabet, Inc., Class A | 412959 | $100390333 |
| Comcast Corp., Class A | 363204 | 11411870 |
| Meta Platforms, Inc., Class A | 116484 | 85543520 |
| Walt Disney Co. (The) | 283455 | 32455597 |
|  |  | 229801320 |
| **Consumer Discretionary - 5.9%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup> | 203497 | 44681836 |
| Lear Corp. <sup>(b)</sup> | 233252 | 23467484 |
| Lululemon Athletica, Inc. <sup>(a)(b)</sup> | 89940 | 16003024 |
| TJX Cos., Inc. (The) | 134416 | 19428489 |
| Ulta Beauty, Inc. <sup>(a)(b)</sup> | 36532 | 19973871 |
|  |  | 123554704 |
| **Consumer Staples - 3.2%** |  |  |
| Constellation Brands, Inc., Class A | 242171 | 32613169 |
| Sysco Corp. | 420660 | 34637144 |
|  |  | 67250313 |
| **Energy - 4.4%** |  |  |
| Chevron Corp. | 152644 | 23704087 |
| Coterra Energy, Inc. <sup>(b)</sup> | 1151653 | 27236593 |
| Diamondback Energy, Inc. <sup>(b)</sup> | 294638 | 42162698 |
|  |  | 93103378 |
| **Financials - 19.9%** |  |  |
| American International Group, Inc. | 1001695 | 78673125 |
| Aon plc, Class A <sup>(b)</sup> | 71134 | 25364962 |
| Bank of America Corp. | 546845 | 28211734 |
| Berkshire Hathaway, Inc., Class B <sup>(a)</sup> | 58824 | 29573178 |
| Capital One Financial Corp. | 159305 | 33865057 |
| Citigroup, Inc. | 756106 | 76744759 |
| Fidelity National Information Services, Inc. | 386095 | 25459104 |
| Hartford Insurance Group, Inc. (The) | 222349 | 29659133 |
| KKR & Co., Inc. | 67688 | 8796056 |
| Morgan Stanley | 181422 | 28838841 |
| Truist Financial Corp. | 638436 | 29189294 |
| Visa, Inc., Class A | 74077 | 25288406 |
|  |  | 419663649 |

---

**Diamond Hill Long-Short Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 89.8% (Continued)** | **Shares** | **Fair Value** |
| **Health Care - 14.0%** |  |  |
| Abbott Laboratories | 269012 | $36031467 |
| Becton, Dickinson and Co. | 155916 | 29182798 |
| Cooper Cos., Inc. (The) <sup>(a)</sup> | 313094 | 21465725 |
| HCA Healthcare, Inc. | 67411 | 28730568 |
| Labcorp Holdings, Inc. <sup>(b)</sup> | 90084 | 25859513 |
| Medtronic plc <sup>(b)</sup> | 309211 | 29449256 |
| Perrigo Co. plc <sup>(b)</sup> | 1338430 | 29806836 |
| Pfizer, Inc. | 868836 | 22137941 |
| Solventum Corp. <sup>(a)</sup> | 409333 | 29881309 |
| Teleflex, Inc. | 42370 | 5184393 |
| Zoetis, Inc. | 252930 | 37008718 |
|  |  | 294738524 |
| **Industrials - 11.1%** |  |  |
| Booz Allen Hamilton Holding Corp. <sup>(b)</sup> | 370285 | 37009986 |
| Builders FirstSource, Inc. <sup>(a)(b)(c)</sup> | 298153 | 36151051 |
| ESAB Corp. <sup>(b)(c)</sup> | 95425 | 10662789 |
| Johnson Controls International plc <sup>(c)</sup> | 126070 | 13861396 |
| L3Harris Technologies, Inc. <sup>(c)</sup> | 111010 | 33903564 |
| Parker-Hannifin Corp. <sup>(c)</sup> | 65806 | 49890819 |
| SS&C Technologies Holdings, Inc. | 376700 | 33435892 |
| WNS Holdings Ltd. <sup>(a)</sup> | 265342 | 20237634 |
|  |  | 235153131 |
| **Information Technology - 16.4%** |  |  |
| Adobe, Inc. <sup>(a)(c)</sup> | 96325 | 33978644 |
| Ciena Corp. <sup>(a)</sup> | 236468 | 34446294 |
| Microsoft Corp. <sup>(c)</sup> | 193141 | 100037381 |
| Salesforce, Inc. <sup>(c)</sup> | 188315 | 44630655 |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 299019 | 83513016 |
| Texas Instruments, Inc. | 123441 | 22679815 |
| VeriSign, Inc. <sup>(c)</sup> | 96765 | 27052591 |
|  |  | 346338396 |
| **Materials - 1.9%** |  |  |
| Ashland, Inc. <sup>(b)</sup> | 422439 | 20239052 |
| Freeport-McMoRan, Inc. | 533871 | 20938421 |
|  |  | 41177473 |

---

**Diamond Hill Long-Short Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 89.8% (Continued)** | **Shares** | **Fair Value** |
| **Real Estate - 1.1%** |  |  |
| Extra Space Storage, Inc. <sup>(b)</sup> | 163134 | $22992106 |
| **Utilities - 1.0%** |  |  |
| Dominion Energy, Inc. <sup>(b)</sup> | 349315 | 21367599 |
| **Total Common Stocks** (Cost $1,074,513,144) |  | $1895140593 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 18.3%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(d)</sup> | 202814827 | $202814827 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(d)(e)</sup> | 183175505 | 183175505 |
| **Total Registered Investment Companies** (Cost $385,990,332) |  | $385990332 |
| **Total Investment Securities - 108.1%** (Cost $1,460,503,476) |  | $2281130925 |
| **Segregated Cash With Custodian - 33.2%** |  | 700607400 |
| **Investments Sold Short - (33.0)%** (Proceeds $617,010,778) |  | (695265993) |
| **Liabilities in Excess of Other Assets - (8.3)%** |  | (175319342) |
| **Net Assets - 100.0%** |  | $2111152990 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $180,548,282.

<sup>(c)</sup> All or a portion of the shares have been pledged as collateral for open short positions.

<sup>(d)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(e)</sup> This security was purchased using cash collateral held from securities on loan.

ADR - American Depositary Receipt

plc - Public Limited Company

**Diamond Hill Long-Short Fund**

**Schedule of Investments Sold Short**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Common Stocks - 33.0%** | **Shares** | **Fair Value** |
| **Consumer Discretionary - 9.9%** |  |  |
| Acushnet Holdings Corp. | 197772 | $15523124 |
| Brinker International, Inc. | 94390 | 11957325 |
| Cheesecake Factory, Inc. (The) | 273357 | 14936227 |
| Choice Hotels International, Inc. | 95287 | 10187133 |
| eBay, Inc. | 298713 | 27167947 |
| GameStop Corp., Class A | 433798 | 11834009 |
| Garmin Ltd. | 175657 | 43250267 |
| Royal Caribbean Cruises Ltd. | 97585 | 31576554 |
| Shake Shack, Inc., Class A | 42742 | 4001079 |
| United Parks and Resorts, Inc. | 137630 | 7115471 |
| Williams-Sonoma, Inc. | 135845 | 26550905 |
| YETI Holdings, Inc. | 108060 | 3585431 |
|  |  | 207685472 |
| **Consumer Staples - 1.9%** |  |  |
| Clorox Co. (The) | 38620 | 4761846 |
| Sprouts Farmers Market, Inc. | 189091 | 20573101 |
| WD-40 Co. | 76375 | 15091700 |
|  |  | 40426647 |
| **Financials - 3.2%** |  |  |
| Affirm Holdings, Inc., Class A | 312102 | 22808414 |
| Bank of Hawaii Corp. | 372575 | 24455823 |
| Commerce Bancshares, Inc. | 141364 | 8447913 |
| First Financial Bankshares, Inc. | 149547 | 5032257 |
| Palomar Holdings, Inc. | 58936 | 6880778 |
|  |  | 67625185 |
| **Health Care - 3.9%** |  |  |
| Doximity, Inc., Class A | 318020 | 23263163 |
| Medpace Holdings, Inc. | 65450 | 33651772 |
| Penumbra, Inc. | 32445 | 8218967 |
| ResMed, Inc. | 65290 | 17871832 |
|  |  | 83005734 |
| **Industrials - 4.9%** |  |  |
| Core & Main, Inc., Class A | 494448 | 26616136 |
| Federal Signal Corp. | 215720 | 25668523 |
| Matson, Inc. | 247620 | 24412856 |

---

**Diamond Hill Long-Short Fund**

**Schedule of Investments Sold Short (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Common Stocks - 33.0% (Continued)** | **Shares** | **Fair Value** |
| **Industrials - 4.9% (Continued)** |  |  |
| Mueller Industries, Inc. | 192540 | $19467719 |
| Powell Industries, Inc. | 24500 | 7467845 |
|  |  | 103633079 |
| **Information Technology - 6.1%** |  |  |
| Alarm.com Holdings, Inc. | 483704 | 25675008 |
| Asana, Inc., Class A | 372888 | 4981784 |
| Badger Meter, Inc. | 41642 | 7436428 |
| F5, Inc. | 65087 | 21035468 |
| International Business Machines Corp. | 180030 | 50797265 |
| Samsara, Inc., Class A | 355601 | 13246137 |
| Teradata Corp. | 261355 | 5621746 |
|  |  | 128793836 |
| **Materials - 0.9%** |  |  |
| MP Materials Corp. | 284375 | 19073031 |
| **Real Estate - 1.2%** |  |  |
| eXp World Holdings, Inc. | 910906 | 9710258 |
| Vornado Realty Trust | 375030 | 15199966 |
|  |  | 24910224 |
| **Utilities - 1.0%** |  |  |
| Ormat Technologies, Inc. | 208964 | 20112785 |
| **Total Investments Sold Short - 33.0%** (Proceeds $617,010,778) |  | $695265993 |

---

Percentages disclosed are based on total net assets of the Fund at September 30, 2025.

**Diamond Hill International Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 97.0%** | **Shares** | **Fair Value** |
| **Australia - 1.3%** | **Australia - 1.3%** | **Australia - 1.3%** |
| Whitehaven Coal Ltd. <sup>(a)</sup> | 507080 | $2212994 |
| **Austria - 1.9%** | **Austria - 1.9%** | **Austria - 1.9%** |
| BAWAG Group AG | 24095 | 3176340 |
| **Brazil - 1.0%** | **Brazil - 1.0%** | **Brazil - 1.0%** |
| Itausa SA | 761140 | 1648901 |
| **Canada - 8.2%** | **Canada - 8.2%** | **Canada - 8.2%** |
| Agnico Eage Mines Ltd. | 10219 | 1721466 |
| Canadian Natural Resources Ltd. <sup>(a)</sup> | 127147 | 4066292 |
| Franco-Nevada Corp. <sup>(a)</sup> | 7968 | 1773867 |
| Imperial Oil Ltd. <sup>(a)</sup> | 44155 | 4004398 |
| North West Co., Inc. (The) <sup>(a)</sup> | 56816 | 1952597 |
|  |  | 13518620 |
| **China - 4.5%** | **China - 4.5%** | **China - 4.5%** |
| Alibaba Group Holding Ltd. | 206900 | 4627189 |
| Tencent Holdings Ltd. | 31800 | 2709697 |
|  |  | 7336886 |
| **Finland - 0.9%** | **Finland - 0.9%** | **Finland - 0.9%** |
| Konecranes OYJ | 17096 | 1415285 |
| **France - 5.0%** | **France - 5.0%** | **France - 5.0%** |
| Safran SA | 14267 | 5062634 |
| Veolia Environnement SA | 91438 | 3118045 |
|  |  | 8180679 |
| **Germany - 4.2%** | **Germany - 4.2%** | **Germany - 4.2%** |
| Evotec SE <sup>(b)</sup> | 189090 | 1384855 |
| Gerresheimer AG | 33436 | 1392807 |
| Krones AG | 28001 | 4090849 |
|  |  | 6868511 |
| **India - 4.5%** | **India - 4.5%** | **India - 4.5%** |
| Arvind Ltd. | 245938 | 840668 |
| HDFC Bank Ltd. - ADR | 158056 | 5399193 |

---

**Diamond Hill International Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Common Stocks - 97.0% (Continued)** | **Shares** | **Fair Value** |
| **India - 4.5% (Continued)** | **India - 4.5% (Continued)** | **India - 4.5% (Continued)** |
| Hindustan Aeronautics Ltd. | 21059 | $1124760 |
|  |  | 7364621 |
| **Ireland - 3.1%** | **Ireland - 3.1%** | **Ireland - 3.1%** |
| AIB Group plc | 549632 | 5010574 |
| **Japan - 8.1%** | **Japan - 8.1%** | **Japan - 8.1%** |
| Hitachi Ltd. | 118900 | 3150431 |
| Max Co. Ltd. | 111300 | 4234867 |
| Sumitomo Densetsu Co. Ltd. | 70000 | 3019564 |
| Toyo Suisan Kaisha Ltd. | 40900 | 2922257 |
|  |  | 13327119 |
| **Korea (Republic of) - 3.0%** | **Korea (Republic of) - 3.0%** | **Korea (Republic of) - 3.0%** |
| Samsung Electronics Co. Ltd. | 81020 | 4854788 |
| **Mexico - 1.5%** | **Mexico - 1.5%** | **Mexico - 1.5%** |
| Wal-Mart de Mexico SAB de CV <sup>(a)</sup> | 775992 | 2397014 |
| **Netherlands - 5.5%** | **Netherlands - 5.5%** | **Netherlands - 5.5%** |
| Allfunds Group plc | 453778 | 3386890 |
| EXOR NV | 57854 | 5662186 |
|  |  | 9049076 |
| **Singapore - 1.1%** | **Singapore - 1.1%** | **Singapore - 1.1%** |
| Singapore Exchange Ltd. | 137662 | 1767303 |
| **Sweden - 2.2%** | **Sweden - 2.2%** | **Sweden - 2.2%** |
| Epiroc AB, Class B | 65360 | 1236477 |
| Spotify Technology SA <sup>(b)</sup> | 3396 | 2370408 |
|  |  | 3606885 |
| **Switzerland - 6.2%** | **Switzerland - 6.2%** | **Switzerland - 6.2%** |
| Compagnie Financiere Richemont SA, Class A | 22763 | 4370061 |
| Novartis AG - ADR <sup>(a)</sup> | 27827 | 3568535 |
| Roche Holdings AG | 6727 | 2240149 |
|  |  | 10178745 |

---

**Diamond Hill International Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 97.0% (Continued)** | **Shares** | **Fair Value** |
| **Taiwan Province of China - 4.9%** | **Taiwan Province of China - 4.9%** | **Taiwan Province of China - 4.9%** |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR <sup>(a)</sup> | 28960 | $8088238 |
| **United Kingdom - 23.0%** | **United Kingdom - 23.0%** | **United Kingdom - 23.0%** |
| Beazley plc | 201658 | 2466271 |
| British American Tobacco plc | 84579 | 4498528 |
| Bunzl plc | 85794 | 2711708 |
| Compass Group plc | 130363 | 4443520 |
| Glencore plc | 628045 | 2892540 |
| Hikma Pharmaceuticals plc | 35130 | 806445 |
| Howden Joinery Group plc | 268706 | 3057035 |
| Imperial Brands plc | 76004 | 3228759 |
| Melrose Industries plc | 301165 | 2479453 |
| Smith & Nephew plc | 86332 | 1565833 |
| Tesco plc | 704385 | 4221864 |
| Unilever plc | 65166 | 3870412 |
| Wise plc, Class A <sup>(b)</sup> | 104083 | 1450949 |
|  |  | 37693317 |
| **United States - 6.9%** | **United States - 6.9%** | **United States - 6.9%** |
| Aurinia Pharmaceuticals, Inc. <sup>(b)</sup> | 116203 | 1284043 |
| CNH Industrial NV | 222906 | 2418530 |
| Ferguson Enterprises, Inc. | 7247 | 1627581 |
| uniQure NV <sup>(a)(b)</sup> | 33333 | 1945647 |
| Willis Towers Watson plc | 11878 | 4103255 |
|  |  | 11379056 |
| **Total Common Stocks** (Cost $125,264,883) |  | $159074952 |

---

**Diamond Hill International Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 5.4%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> | 4356068 | $4356068 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(c)(d)</sup> | 4449665 | 4449665 |
| **Total Registered Investment Companies** (Cost $8,805,733) |  | $8805733 |
| **Total Investment Securities - 102.4%** (Cost $134,070,616) |  | $167880685 |
| **Liabilities in Excess of Other Assets - (2.4)%** |  | (3916668) |
| **Net Assets - 100.0%** |  | $163964017 |

---

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $8,149,128.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(d)</sup> This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $4,065,024.

AB - Aktiebolag

ADR - American Depositary Receipt

AG - Aktiengesellschaft

NV - Naamloze Vennootschap

OYJ - Julkinen Osakeyhito

plc - Public Limited Company

SA - Societe Anonyme

SAB de CV - Societe Anonima Bursatil de Capital Variable

SE - Societe Europaea

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 1.5%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Banking - 0.6%** | **Banking - 0.6%** | **Banking - 0.6%** | | |
| American Express Co. <sup>(a)</sup> | 6.338% | 10/30/26 | $1000000 | $1001699 |
| American Express Co. <sup>(b)</sup> | 2.550% | 03/04/27 | 500000 | 490228 |
| American Express Co. | 5.043% | 07/26/28 | 500000 | 508531 |
| Citibank NA | 4.876% | 11/19/27 | 1750000 | 1763632 |
| Discover Bank | 3.450% | 07/27/26 | 801000 | 796206 |
| Fifth Third Bancorp | 1.707% | 11/01/27 | 1200000 | 1166227 |
| HSBC Holdings plc | 5.597% | 05/17/28 | 4000000 | 4084002 |
| JPMorgan Chase & Co. <sup>(a)</sup> | 1.470% | 09/22/27 | 3800000 | 3704202 |
| Key Bank NA <sup>(b)</sup> | 5.850% | 11/15/27 | 2000000 | 2063366 |
| Key Bank NA | 4.390% | 12/14/27 | 1600000 | 1608426 |
| PNC Bank NA <sup>(b)</sup> | 4.775% | 01/15/27 | 3000000 | 3003601 |
| Royal Bank of Canada <sup>(b)</sup> | 4.522% | 10/18/28 | 500000 | 504137 |
| Toronto-Dominion Bank (The) <sup>(b)</sup> | 4.861% | 01/31/28 | 2925000 | 2976122 |
| US Bancorp | 6.787% | 10/26/27 | 900000 | 924112 |
| Wells Fargo & Co., Series Q <sup>(a)</sup> | 3.196% | 06/17/27 | 1500000 | 1489413 |
|  |  |  |  | 26083904 |
| **Consumer Cyclical - 0.3%** |  |  |  |  |
| Ford Motor Credit Co., LLC | 5.850% | 05/17/27 | 5000000 | 5061812 |
| General Motors Financial Co. <sup>(b)</sup> | 1.250% | 01/08/26 | 3700000 | 3669390 |
| General Motors Financial Co. | 5.050% | 04/04/28 | 2000000 | 2032151 |
| Hyundai Capital America <sup>(c)</sup> | 6.250% | 11/03/25 | 900000 | 901306 |
| Hyundai Capital America <sup>(c)</sup> | 5.650% | 06/26/26 | 900000 | 908333 |
| Volkswagen Group America <sup>(c)</sup> | 4.900% | 08/14/26 | 800000 | 803723 |
|  |  |  |  | 13376715 |
| **Consumer Non-Cyclical - 0.0% <sup>(d)</sup>** |  |  |  |  |
| Pfizer, Inc. <sup>(b)</sup> | 4.450% | 05/19/26 | 900000 | 901762 |
| **Electric - 0.3%** |  |  |  |  |
| NYSEG Storm Funding, LLC, Series 2025-A | 4.713% | 05/01/31 | 14000000 | 14113508 |
| **Energy - 0.0% <sup>(d)</sup>** |  |  |  |  |
| Energy Transfer, LP | 6.050% | 12/01/26 | 500000 | 509318 |
| Energy Transfer, LP <sup>(b)</sup> | 5.500% | 06/01/27 | 1000000 | 1017340 |
|  |  |  |  | 1526658 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 1.5% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Insurance - 0.1%** | **Insurance - 0.1%** | **Insurance - 0.1%** | | |
| Jackson National Life Global Funding <sup>(c)</sup> | 5.550% | 07/02/27 | $3150000 | $3218371 |
| Pricoa Global Funding <sup>(c)</sup> | 4.400% | 08/27/27 | 1000000 | 1007608 |
| Principal Life Global Funding II <sup>(b)(c)</sup> | 4.600% | 08/19/27 | 500000 | 504761 |
| RGA Global Funding <sup>(c)</sup> | 2.000% | 11/30/26 | 800000 | 779998 |
|  |  |  |  | 5510738 |
| **Technology - 0.1%** |  |  |  |  |
| Broadcom, Inc. | 5.050% | 07/12/27 | 4225000 | 4297975 |
| Dell International, LLC / EMC Corp. | 4.900% | 10/01/26 | 300000 | 301669 |
|  |  |  |  | 4599644 |
| **Transportation - 0.1%** |  |  |  |  |
| Alaska Airlines Pass-Through Trust, Series 2020-1B, Class A <sup>(c)</sup> | 4.800% | 02/15/29 | 304029 | 304455 |
| American Airlines Pass-Through Trust, Series 2016-2, Class AA | 3.200% | 12/15/29 | 1214000 | 1175394 |
| United Airlines Pass-Through Trust, Series 2020-1, Class A | 5.875% | 04/15/29 | 442533 | 454872 |
|  |  |  |  | 1934721 |
| **Total Corporate Credit** (Cost $67,393,609) |  |  |  | $68047650 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 3.1%** | **ABS-Other - 3.1%** | **ABS-Other - 3.1%** | | |
| Cascade Funding Mortgage Trust, Series 2021-GRN1, Class B <sup>(c)</sup> | 1.830% | 03/20/41 | $3588000 | $3512712 |
| DailyPay Securitization Trust, Series 2025-1A, Class A <sup>(c)</sup> | 5.630% | 06/25/28 | 20000000 | 20129344 |
| FMC GMSR Issuer Trust, Series 2020-GT1, Class A <sup>(a)(c)</sup> | 4.450% | 01/25/26 | 8850000 | 8767413 |
| FMC GMSR Issuer Trust, Series 2021-GT1, Class A <sup>(a)(c)</sup> | 3.620% | 07/25/26 | 9900000 | 9504853 |
| FMC GMSR Issuer Trust, Series 2021-GT2, Class A <sup>(c)</sup> | 3.850% | 10/25/26 | 14280000 | 13745527 |
| FMC GMSR Issuer Trust, Series 2022-GT2, Class A <sup>(c)</sup> | 7.900% | 07/25/27 | 4850000 | 4868689 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 3.1% (Continued)** |  |  |  |  |
| GoodLeap Sustainable Home Improvement Loan Trust, Series 2023-1, <br> Class A <sup>(c)</sup> | 5.520% | 02/22/55 | $8134891 | $7668175 |
| Greensky Home Improvement, Series 2025-2A, Class E <sup>(c)</sup> | 7.790% | 06/25/60 | 1000000 | 1015082 |
| Helios Issuer, LLC, Series 2022-C, Class C <sup>(c)(e)</sup> | 6.000% | 11/22/49 | 4012818 | 1598383 |
| Holiday Inn Timeshare Trust, Series 2020-A, Class C <sup>(c)</sup> | 3.420% | 10/09/39 | 382444 | 374709 |
| Holiday Inn Timeshare Trust, Series 2020-A, Class D <sup>(c)</sup> | 5.500% | 10/09/39 | 177881 | 175466 |
| Holiday Inn Timeshare Trust, Series 2020-A, Class E <sup>(c)</sup> | 6.500% | 10/09/39 | 1013922 | 980974 |
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class A <sup>(c)</sup> | 2.290% | 01/20/48 | 1973186 | 1652415 |
| Loanpal Solar Loan Ltd., Series 2021-2GS, Class A <sup>(c)</sup> | 2.220% | 03/20/48 | 1538208 | 1251442 |
| Mosaic Solar Loans, LLC, Series 2017-2, Class B <sup>(c)</sup> | 4.770% | 06/22/43 | 263782 | 237627 |
| Mosaic Solar Loans, LLC, Series 2020-1A, Class B <sup>(c)</sup> | 3.100% | 04/20/46 | 800403 | 694886 |
| Mosaic Solar Loans, LLC, Series 2021-1, Class D <sup>(c)(e)</sup> | 3.710% | 12/20/46 | 391668 | 313947 |
| Mosaic Solar Loans, LLC, Series 2023-1A, Class A <sup>(c)</sup> | 5.320% | 06/20/53 | 4521807 | 4310699 |
| Mosaic Solar Loans, LLC, Series 2023-2A, Class C <sup>(c)(e)</sup> | 8.180% | 09/22/53 | 11000000 | 5572222 |
| MVW Own Trust, Series 2021-1W, Class D <sup>(c)</sup> | 3.170% | 01/22/41 | 861240 | 827939 |
| PowerPay Issuance Trust, Series 2024-1A, Class A <sup>(c)</sup> | 6.530% | 02/18/39 | 3394827 | 3503459 |
| Renew Financial, LLC, Series 2017-1, Class A <sup>(c)</sup> | 3.670% | 09/20/52 | 765692 | 715218 |
| Renew Financial, LLC, Series 2017-1, Class B <sup>(c)</sup> | 5.750% | 09/20/52 | 30743 | 30545 |
| SPS Servicer Advance Receivables Trust, Series 2020-T2, Class A <sup>(c)</sup> | 1.830% | 11/15/55 | 11300000 | 11272399 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 3.1% (Continued)** |  |  |  |  |
| SPS Servicer Advance Receivables Trust, Series 2020-T2, Class B <sup>(c)</sup> | 2.130% | 11/15/55 | $2213000 | $2207351 |
| SPS Servicer Advance Receivables Trust, Series 2020-T2, Class C <sup>(c)</sup> | 2.420% | 11/15/55 | 1000000 | 996922 |
| SPS Servicer Advance Receivables Trust, Series 2020-T2, Class D <sup>(c)</sup> | 3.160% | 11/15/55 | 4118000 | 4105928 |
| Stream Innovations Issuer Trust, Series 2024-1A, Class A <sup>(c)</sup> | 6.270% | 07/15/44 | 5678297 | 5909139 |
| US Bank NA, Series 2025-SUP2, Class B1 <sup>(c)</sup> | 4.818% | 09/25/32 | 11400000 | 11385875 |
| US Bank NA, Series 2025-SUP2, Class D (1\* SOFR30A + 220) <sup>(a)(c)</sup> | 6.586% | 09/25/32 | 4725000 | 4729769 |
| US Bank NA, Series 2025-SUP2, Class R (1\* SOFR30A + 650) <sup>(a)(c)</sup> | 10.886% | 09/25/32 | 11425000 | 11424649 |
|  |  |  |  | 143483758 |
| **Agency MBS CMO - 3.1%** |  |  |  |  |
| FHLMC, Series 2979, Class FP (1\* SOFR + 45) <sup>(a)</sup> | 4.937% | 05/15/35 | 202111 | 200366 |
| FHLMC, Series 3121, Class FM (1\* SOFR + 40) <sup>(a)</sup> | 4.887% | 03/15/36 | 147994 | 147172 |
| FHLMC, Series 4613, Class AF (1\* SOFR + 110) <sup>(a)</sup> | 5.587% | 11/15/37 | 1873331 | 1872028 |
| FHLMC, Series 3925, Class FL (1\* SOFR + 45) <sup>(a)</sup> | 4.937% | 01/15/41 | 13411 | 13399 |
| FHLMC, Series 3895, Class BF (1\* SOFR + 50) <sup>(a)</sup> | 4.987% | 07/15/41 | 126162 | 125305 |
| FHLMC, Series 4314, Class PF (1\* SOFR + 40) <sup>(a)</sup> | 4.887% | 07/15/43 | 41774 | 41638 |
| FHLMC, Series 5171, Class UK | 2.000% | 12/25/51 | 1163171 | 606971 |
| FHLMC, Pool #QH-5181 | 6.000% | 11/01/53 | 9690694 | 9952937 |
| FNMA, Series 2013-97, Class ZB | 3.500% | 09/25/33 | 9198231 | 9028124 |
| FNMA, Series 2006-56, Class DC (1\* SOFR + 65) <sup>(a)</sup> | 5.121% | 07/25/36 | 292834 | 288002 |
| FNMA, Series 2006-108, Class FD (1\* SOFR + 38) <sup>(a)</sup> | 4.851% | 11/25/36 | 133127 | 132001 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 3.1% (Continued)** |  |  |  |  |
| FNMA, Series 2010-136, Class FA (1\* SOFR + 50) <sup>(a)</sup> | 4.971% | 12/25/40 | $146637 | $145384 |
| FNMA, Series 2011-127, Class ZU | 3.500% | 12/25/41 | 3512672 | 3330492 |
| FNMA, Series 2012-33, Class F (1\* SOFR + 52) <sup>(a)</sup> | 4.991% | 04/25/42 | 74699 | 74198 |
| FNMA, Series 2013-34, Class GP | 3.000% | 05/25/42 | 1672011 | 1601488 |
| FNMA, Series 2023-14, Class G | 6.000% | 06/25/48 | 4560503 | 4645208 |
| FNMA, Series 2017-28, Class LK | 4.000% | 03/25/53 | 492080 | 490488 |
| GNMA, Series 2023-81, Class QV | 5.500% | 05/20/34 | 5775771 | 5899612 |
| GNMA, Series 2023-81, Class MV | 5.500% | 05/20/34 | 8442938 | 8572938 |
| GNMA, Series 2023-133, Class GV | 6.000% | 07/20/34 | 3438220 | 3539369 |
| GNMA, Series 2023-154, Class V | 6.500% | 07/20/34 | 10872941 | 11200915 |
| GNMA, Series 2023-154, Class VA | 6.000% | 08/20/34 | 7847811 | 8027993 |
| GNMA, Series 2023-167, Class VC | 6.500% | 08/20/34 | 7868302 | 8085470 |
| GNMA, Series 2024-20, Class KV | 6.000% | 12/20/34 | 8508439 | 8675692 |
| GNMA, Series 2024-43, Class NV | 6.000% | 01/20/35 | 15862657 | 16356452 |
| GNMA, Series 2024-42, Class DV | 6.000% | 01/20/35 | 7084818 | 7288211 |
| GNMA, Series 2023-67, Class AC | 6.000% | 05/20/53 | 4129209 | 4261011 |
| GNMA, Series 2023-151, Class BZ | 6.500% | 10/20/53 | 6281965 | 6516595 |
| GNMA, Series 2024-184, Class PA | 6.500% | 09/20/54 | 4231520 | 4375669 |
| GNMA, Series 2025-004, Class MA | 6.000% | 01/20/62 | 17793939 | 18347405 |
| GNMA, Series 2012-H29, Class SA (1\* TSFR1M + 63) <sup>(a)</sup> | 4.957% | 10/20/62 | 149490 | 149536 |
| GNMA, Series 2012-H23, Class SA (1\* TSFR1M + 64) <sup>(a)</sup> | 4.972% | 10/20/62 | 223932 | 224045 |
| GNMA, Series 2016-H11, Class FD (1\* TSFR12M + 112) <sup>(a)</sup> | 5.075% | 05/20/66 | 28195 | 28399 |
|  |  |  |  | 144244513 |
| **Agency MBS CMO Derivatives - 0.0% <sup>(d)</sup>** |  |  |  |  |
| FHLMC, Series 237, Class S14 (IO) (-1\* SOFR + 660) <sup>(a)</sup> | 2.113% | 05/15/36 | 320759 | 36180 |
| FNMA, Series 2012-148, Class IA (IO) | 4.000% | 01/25/28 | 303286 | 4612 |
| FNMA, Series 301, Class (PO) | 0.000% | 04/25/29 | 70120 | 65695 |
| FNMA, Series 2010-44, Class CS (IO) (-1\* SOFR + 655) <sup>(a)</sup> | 2.079% | 05/25/40 | 235708 | 23851 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO Derivatives - 0.0% <sup>(d)</sup> (Continued)** |  |  |  |  |
| FNMA, Series 2014-45, Class IO (IO) | 4.000% | 08/25/44 | $351047 | $60451 |
| GNMA, Series 2015-16, Class IL (IO) | 4.000% | 03/20/42 | 22009 | 61 |
|  |  |  |  | 190850 |
| **Agency MBS Passthrough - 4.8%** |  |  |  |  |
| FHLMC, Pool #QH-5484 | 1.500% | 11/01/31 | 21054803 | 19772864 |
| FHLMC, Pool #SC-0118 | 2.500% | 01/01/41 | 1801852 | 1613203 |
| FHLMC, Pool #G6-0257 | 5.500% | 06/01/41 | 274921 | 286060 |
| FHLMC, Pool #84-1354 | 3.480% | 11/01/48 | 3076008 | 3154100 |
| FHLMC, Pool #QG-9457 | 6.500% | 08/01/53 | 8761239 | 9207689 |
| FNMA, Pool #AL8682 | 2.000% | 07/01/31 | 4214932 | 4029315 |
| FNMA, Pool #CA8542 | 2.500% | 01/01/41 | 1956909 | 1762207 |
| FNMA, Pool #BP6608 | 2.205% | 08/01/50 | 1890068 | 1835992 |
| FNMA, Pool #BM7138 | 1.694% | 10/01/51 | 6438934 | 6072772 |
| GNMA, Pool #CM7497C | 5.000% | 08/20/52 | 3826435 | 3807708 |
| GNMA, Pool #MA9367 | 8.000% | 12/20/53 | 3131915 | 3276129 |
| GNMA, Pool #787960 | 7.000% | 11/20/54 | 6149067 | 6217429 |
| GNMA, Pool #787873 | 7.000% | 03/20/55 | 26248074 | 26983755 |
| GNMA, Pool #788003 | 7.000% | 06/20/55 | 17952902 | 18455780 |
| GNMA, Pool #CW0334C | 7.000% | 07/20/63 | 1489983 | 1528198 |
| GNMA, Pool #CW0526C | 7.000% | 08/20/63 | 1139042 | 1168256 |
| GNMA, Series 2023-112, Class ET | 7.000% | 08/20/63 | 12900411 | 13377753 |
| GNMA, Pool #DH9776 | 7.000% | 03/20/65 | 46956867 | 48158077 |
| GNMA, Pool #DJ1033 | 7.000% | 04/20/65 | 53728874 | 55103319 |
|  |  |  |  | 225810606 |
| **Auto Loan - 7.8%** |  |  |  |  |
| ACM Auto Trust, Series 2024-2A, Class A <sup>(c)</sup> | 6.060% | 02/20/29 | 1882502 | 1881339 |
| ACM Auto Trust, Series 2025-3A, Class A <sup>(c)</sup> | 5.010% | 01/22/30 | 17661617 | 17596160 |
| ACM Auto Trust, Series 2024-1A, Class B <sup>(c)</sup> | 11.400% | 01/21/31 | 2803897 | 2830748 |
| ACM Auto Trust, Series 2024-2A, Class B <sup>(c)</sup> | 9.210% | 08/20/31 | 2900000 | 2916899 |
| ACM Auto Trust, Series 2025-1A, Class B <sup>(c)</sup> | 7.870% | 11/20/31 | 11400000 | 11415395 |
| ACM Auto Trust, Series 2025-2A, Class B <sup>(c)</sup> | 7.250% | 02/20/32 | 2400000 | 2364395 |
| AgoraCapital Auto Securities Trust, Series 2025-1A, Class B <sup>(c)</sup> | 7.270% | 11/25/32 | 5950000 | 6002129 |
| Ally Bank Auto Credit-Linked Notes, Series 2025-A, Class G <sup>(c)</sup> | 10.219% | 06/15/33 | 5808535 | 5864010 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Auto Loan - 7.8% (Continued)** |  |  |  |  |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2024-1A, <br> Class A <sup>(c)</sup> | 6.460% | 04/17/28 | $3370024 | $3395891 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2022-2A, <br> Class C <sup>(c)</sup> | 9.840% | 03/15/29 | 5700000 | 5966786 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2024-1A, <br> Class B <sup>(c)</sup> | 6.870% | 06/17/30 | 2200000 | 2257301 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1, <br> Class C, Pool #DC9203 <sup>(c)</sup> | 5.420% | 12/15/31 | 6000000 | 6016121 |
| CPS Auto Trust, Series 2024-D, Class A <sup>(c)</sup> | 4.910% | 06/15/28 | 8256557 | 8268710 |
| FHF Trust, Series 2021-2A, Class B <sup>(c)</sup> | 1.630% | 09/15/27 | 7693635 | 7682607 |
| FinBe USA Trust, Series 2025-1A, Class A <sup>(c)</sup> | 5.700% | 12/15/28 | 12816929 | 12815781 |
| First Help Financial, LLC, Series 2023-1A, Class C <sup>(c)</sup> | 7.880% | 07/15/30 | 12907000 | 13186137 |
| First Help Financial, LLC, Series 2023-2, Class D <sup>(c)</sup> | 9.503% | 10/15/30 | 4500000 | 4773603 |
| First Help Financial, LLC, Series 2024-1A, Class C <sup>(c)</sup> | 7.420% | 05/15/31 | 2500000 | 2555335 |
| Hertz Vehicle Financing, LLC, Series 2022-5A, Class D <sup>(c)</sup> | 6.780% | 09/25/28 | 10000000 | 9977419 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class C <sup>(c)</sup> | 6.700% | 01/25/29 | 9000000 | 9233312 |
| Hertz Vehicle Financing, LLC, Series 2023-4A, Class D <sup>(c)</sup> | 9.440% | 03/25/30 | 10000000 | 10441492 |
| Hertz Vehicle Financing, LLC, Series 2024-2A, Class C <sup>(c)</sup> | 7.650% | 01/27/31 | 5400000 | 5564585 |
| Hertz Vehicle Financing, LLC, Series 2024-2A, Class D <sup>(c)</sup> | 10.300% | 01/27/31 | 5500000 | 5761079 |
| Huntington National Bank (The), Series 2025-2, Class B1 <sup>(c)</sup> | 4.835% | 09/20/33 | 31159914 | 31236140 |
| Merchants Fleet Funding, LLC, Series 2023-1A, Class D <sup>(c)</sup> | 8.200% | 05/20/36 | 5700000 | 5789242 |
| Merchants Fleet Funding, LLC, Series 2023-1A, Class E <sup>(c)</sup> | 10.800% | 05/20/36 | 9640000 | 9838068 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Auto Loan - 7.8% (Continued)** |  |  |  |  |
| Merchants Fleet Funding, LLC, Series 2024-1A, Class E <sup>(c)</sup> | 9.350% | 04/02/37 | $3000000 | $3050600 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2024-1A, <br> Class A <sup>(c)</sup> | 7.090% | 06/25/32 | 7260569 | 7324643 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2024-1A, <br> Class B <sup>(c)</sup> | 7.960% | 06/25/32 | 3889965 | 3933245 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2024-1A, <br> Class C <sup>(c)</sup> | 10.000% | 06/25/32 | 4862457 | 4869061 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2024-3A, <br> Class C <sup>(c)</sup> | 6.460% | 03/25/33 | 5750000 | 5804051 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-1A, <br> Class A <sup>(c)</sup> | 5.415% | 06/27/33 | 46396184 | 46643475 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-1A,<br> Class B <sup>(c)</sup> | 6.020% | 06/27/33 | 21000000 | 21118625 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-1A, <br> Class C <sup>(c)</sup> | 6.675% | 06/27/33 | 21975000 | 22213093 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-4A, <br> Class E <sup>(c)</sup> | 10.739% | 04/25/34 | 11250000 | 11257544 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-5A, <br> Class D <sup>(c)</sup> | 6.012% | 06/26/34 | 10000000 | 10000000 |
| Tricolor Auto Securitization Trust, Series 2024-1A, Class A <sup>(c)(e)(f)</sup> | 6.610% | 10/15/27 | 875485 | 875485 |
| Tricolor Auto Securitization Trust, Series 2024-2A, Class A <sup>(c)(e)(f)</sup> | 6.360% | 12/15/27 | 1080422 | 1080422 |
| Tricolor Auto Securitization Trust, Series 2024-2A, Class B <sup>(c)(e)(f)</sup> | 6.570% | 02/15/28 | 5750000 | 5750000 |
| Tricolor Auto Securitization Trust, Series 2024-2A, Class C <sup>(c)(e)(f)</sup> | 6.930% | 04/17/28 | 2500000 | 2477500 |
| Tricolor Auto Securitization Trust, Series 2024-2A, Class D <sup>(c)(e)(f)</sup> | 7.610% | 08/15/28 | 6000000 | 5826000 |
| Tricolor Auto Securitization Trust, Series 2024-3A, Class B <sup>(c)(e)(f)</sup> | 5.360% | 09/15/28 | 2875000 | 2817500 |
| Tricolor Auto Securitization Trust, Series 2024-3A, Class D <sup>(c)(e)(f)</sup> | 6.340% | 04/16/29 | 2930000 | 2719040 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Auto Loan - 7.8% (Continued)** |  |  |  |  |
| US Bank NA, Series 2023-1, Class B <sup>(c)</sup> | 6.789% | 08/25/32 | $701027 | $709184 |
|  |  |  |  | 364100152 |
| **CRE/CLO - 4.1%** |  |  |  |  |
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class C <sup>(c)</sup> | 6.500% | 12/18/37 | 3000000 | 2949744 |
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class D <br> (1\* TSFR1M + 271) <sup>(a)(c)</sup> | 7.350% | 12/18/37 | 6000000 | 5883732 |
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class E <br> (1\* TSFR1M + 321) <sup>(a)(c)</sup> | 7.850% | 12/18/37 | 2000000 | 1950288 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2021-FL4, <br> Class A (1\* TSFR1M + 146) <sup>(a)(c)</sup> | 5.615% | 11/15/36 | 3325485 | 3325521 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2021-FL4, <br> Class C (1\* TSFR1M + 241) <sup>(a)(c)</sup> | 6.565% | 11/15/36 | 14206000 | 14206582 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2021-FL4, <br> Class D (1\* TSFR1M + 301) <sup>(a)(c)</sup> | 7.165% | 11/15/36 | 26214900 | 26216027 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class B (1\* TSFR1M + 319) <sup>(a)(c)</sup> | 7.527% | 01/18/41 | 6500000 | 6496782 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class C (1\* TSFR1M + 369) <sup>(a)(c)</sup> | 8.027% | 01/18/41 | 9500000 | 9495278 |
| Arbor Realty Commerical Real Estate Notes, Series 2025-FL1, <br> Class C (1\* TSFR1M + 269) <sup>(a)(c)</sup> | 7.033% | 08/20/42 | 5388000 | 5384886 |
| BXMT Ltd., Series 2020-FL3, Class A (1\* TSFR1M + 151) <sup>(a)(c)</sup> | 6.378% | 11/15/37 | 5823887 | 5825529 |
| BXMT Ltd., Series 2020-FL3, Class D (1\* TSFR1M + 291) <sup>(a)(c)</sup> | 7.778% | 11/15/37 | 1250000 | 1208376 |
| BXMT Ltd., Series 2020-FL2, Class B (1\* TSFR1M + 151) <sup>(a)(c)</sup> | 6.128% | 02/15/38 | 5250000 | 5223892 |
| BXMT Ltd., Series 2020-FL2, Class D (1\* TSFR1M + 206) <sup>(a)(c)</sup> | 6.678% | 02/15/38 | 6386000 | 6247513 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **CRE/CLO - 4.1% (Continued)** |  |  |  |  |
| BXMT Ltd., Series 2021-FL4, Class D (1\* TSFR1M + 236) <sup>(a)(c)</sup> | 6.728% | 05/15/38 | $9945000 | $9537295 |
| BXMT Ltd., Series 2021-FL4, Class A (1\* TSFR1M + 116) <sup>(a)(c)</sup> | 5.528% | 05/17/38 | 26510881 | 26433336 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL5, <br> Class AS (1\* TSFR1M + 131) <sup>(a)(c)</sup> | 5.678% | 07/15/36 | 1868894 | 1868511 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL6, <br> Class AS (1\* TSFR1M + 156) <sup>(a)(c)</sup> | 5.700% | 07/16/36 | 6000000 | 5995536 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL6, <br> Class C (1\* TSFR1M + 196) <sup>(a)(c)</sup> | 6.100% | 07/16/36 | 8300000 | 8281068 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2022-FL10, <br> Class AS (1\* TSFR1M + 319) <sup>(a)(c)</sup> | 7.321% | 09/17/37 | 10000000 | 10006340 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2022-FL10, <br> Class B (1\* TSFR1M + 374) <sup>(a)(c)</sup> | 7.869% | 09/17/37 | 6000000 | 6002796 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2022-FL10, <br> Class D (1\* TSFR1M + 573) <sup>(a)(c)</sup> | 9.863% | 09/17/37 | 1250000 | 1256000 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2024-FL15, <br> Class B (1\* TSFR1M + 249) <sup>(a)(c)</sup> | 6.627% | 08/18/41 | 4500000 | 4504095 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2024-FL15, <br> Class C (1\* TSFR1M + 294) <sup>(a)(c)</sup> | 7.076% | 08/18/41 | 7500000 | 7510478 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2024-FL15, <br> Class D (1\* TSFR1M + 404) <sup>(a)(c)</sup> | 8.174% | 08/18/41 | 6500000 | 6498031 |
| PFP III, Series 2024-11, Class D (1\* TSFR1M + 409) <sup>(a)(c)</sup> | 8.305% | 09/17/39 | 6000000 | 5917260 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **CRE/CLO - 4.1% (Continued)** |  |  |  |  |
| PFP III, Series 2025-12, Class B (1\* TSFR1M + 204) <sup>(a)(c)</sup> | 6.178% | 12/18/42 | $5000000 | $4990320 |
|  |  |  |  | 193215216 |
| **Credit Cards - 3.6%** |  |  |  |  |
| Avant Credit Card Master Trust, Series 2024-1A, Class E <sup>(c)</sup> | 13.150% | 04/15/30 | 5000000 | 5201159 |
| Continental Finance Credit Card, LLC, Series 2021-A, Class D <sup>(c)</sup> | 6.010% | 12/17/29 | 10643528 | 10616237 |
| Continental Finance Credit Card, LLC, Series 24-A, Class D <sup>(c)</sup> | 9.420% | 12/15/32 | 6500000 | 6533568 |
| Continental Finance Credit Card, LLC, Series 2024-A, Class E <sup>(c)</sup> | 12.760% | 12/15/32 | 19728000 | 20201369 |
| Genesis Sales Finance Master Trust, Series 2024-B, Class C <sup>(c)</sup> | 6.610% | 12/20/32 | 23333000 | 23512193 |
| Genesis Sales Finance Master Trust, Series 2024-B, Class D <sup>(c)</sup> | 7.040% | 12/20/32 | 5500000 | 5543790 |
| Genesis Sales Finance Master Trust, Series 2024-B, Class E <sup>(c)</sup> | 9.800% | 12/20/32 | 20000000 | 20316134 |
| Genesis Sales Finance Master Trust, Series 2024-B, Class F <sup>(c)</sup> | 13.370% | 12/20/32 | 20167000 | 20479189 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class B <sup>(c)</sup> | 7.430% | 07/20/29 | 5250000 | 5310628 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class C <sup>(c)</sup> | 10.420% | 07/20/29 | 11000000 | 11160691 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class D <sup>(c)</sup> | 14.130% | 07/20/29 | 16000000 | 16320422 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class C <sup>(c)</sup> | 7.320% | 08/15/29 | 11000000 | 11095677 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class E <sup>(c)</sup> | 13.690% | 08/15/29 | 5000000 | 5075387 |
| Mission Lane Credit Card Master Trust, Series 2024-B, Class E <sup>(c)</sup> | 12.190% | 01/15/30 | 5910000 | 5955895 |
|  |  |  |  | 167322339 |
| **Equipment - 1.3%** |  |  |  |  |
| CPF IV, LLC, Series 2023-2, Class A <sup>(c)</sup> | 7.480% | 03/15/32 | 3300964 | 3330883 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Equipment - 1.3% (Continued)** |  |  |  |  |
| CPF IV, LLC, Series 2023-2, Class C <sup>(c)</sup> | 7.560% | 03/15/32 | $7000000 | $6959739 |
| Crockett Partners Equipment Co., Series 2024-2A, Class B <sup>(c)</sup> | 6.780% | 01/20/31 | 2993939 | 3057890 |
| Crockett Partners Equipment Co., Series 2024-2A, Class C <sup>(c)</sup> | 10.160% | 01/20/31 | 1733333 | 1799390 |
| Dext ABS, Series 2023-2, Class D <sup>(c)</sup> | 8.300% | 05/15/34 | 2120000 | 2257800 |
| NMEF Funding, LLC, Series 2022-B, Class C <sup>(c)</sup> | 8.540% | 06/15/29 | 9500000 | 9745272 |
| NMEF Funding, LLC, Series 2023-A, Class C <sup>(c)</sup> | 8.040% | 06/17/30 | 4500000 | 4703846 |
| NMEF Funding, LLC, Series 2025-B, Class E <sup>(c)</sup> | 7.660% | 01/18/33 | 3500000 | 3528667 |
| Stellar Jay Ireland DAC, Series 2021-1, Class A <sup>(c)</sup> | 3.967% | 10/15/41 | 6794390 | 6730515 |
| Stellar Jay Ireland DAC, Series 2021-1, Class B <sup>(c)</sup> | 5.926% | 10/15/41 | 2620119 | 2625562 |
| VFI ABS, LLC, Series 2025-1A, Class A <sup>(c)</sup> | 4.780% | 06/24/30 | 15874866 | 15940089 |
|  |  |  |  | 60679653 |
| **HECM - 5.3%** |  |  |  |  |
| Boston Lending Trust, Series 2022-1, Class M2 <sup>(c)</sup> | 2.750% | 02/25/62 | 1105286 | 1020259 |
| Brean Asset Backed Securities Trust, Series 2022-RM4, Class M1 <sup>(c)</sup> | 3.000% | 07/25/62 | 1535153 | 1322591 |
| Brean Asset Backed Securities Trust, Series 2022-RM5, Class A <sup>(c)</sup> | 4.500% | 09/25/62 | 6370711 | 6248736 |
| Brean Asset Backed Securities Trust, Series 2023-SRM1, Class M3 <sup>(c)</sup> | 4.000% | 09/25/63 | 4331132 | 3890398 |
| Brean Asset Backed Securities Trust, Series 2023-SRM1, Class M2 <sup>(c)</sup> | 4.000% | 09/25/63 | 5143220 | 4854332 |
| Brean Asset Backed Securities Trust, Series 2024-RM8, Class M2 <sup>(c)</sup> | 4.500% | 05/25/64 | 1591584 | 1424964 |
| Brean Asset Backed Securities Trust, Series 2024-RM8, Class M1 <sup>(c)</sup> | 4.500% | 05/25/64 | 1591584 | 1476148 |
| Brean Asset Backed Securities Trust, Series 2024-RM8, Class A1 <sup>(c)</sup> | 4.500% | 05/25/64 | 9799787 | 9629622 |
| Brean Asset Backed Securities Trust, Series 2024-RM9, Class A1 <sup>(c)</sup> | 5.000% | 09/25/64 | 9463616 | 9399689 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **HECM - 5.3% (Continued)** |  |  |  |  |
| Brean Asset Backed Securities Trust, Series 2025-RM10, Class A1 <sup>(c)</sup> | 5.000% | 01/25/65 | $17691395 | $17527346 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class A2 <sup>(c)</sup> | 4.500% | 03/25/78 | 2000000 | 1935654 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class M1 <sup>(c)</sup> | 4.500% | 03/25/78 | 4204698 | 3919515 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class A1 <sup>(c)</sup> | 4.500% | 03/25/78 | 6233942 | 6137845 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class M4 <sup>(c)</sup> | 3.000% | 05/25/34 | 15000000 | 14072991 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class M2 <sup>(c)</sup> | 3.000% | 05/25/34 | 2000000 | 1919219 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class M1 <sup>(c)</sup> | 3.000% | 05/25/34 | 7850000 | 7556627 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class A <sup>(c)</sup> | 3.000% | 05/25/34 | 11442510 | 11273744 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class M3 <sup>(a)(c)</sup> | 3.000% | 05/25/34 | 1500000 | 1421492 |
| Cascade Funding Mortgage Trust, Series 2024-HB14, Class A <sup>(c)</sup> | 3.000% | 06/25/34 | 18132165 | 17889666 |
| Cascade Funding Mortgage Trust, Series 2024-HB14, Class M4 <sup>(c)</sup> | 3.000% | 06/25/34 | 8500000 | 7943567 |
| Cascade Funding Mortgage Trust, Series 2024-HB14, Class M1 <sup>(c)</sup> | 3.000% | 06/25/34 | 7500000 | 7230169 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M4 <sup>(c)</sup> | 4.000% | 08/25/34 | 6000000 | 5668654 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M2 <sup>(c)</sup> | 4.000% | 08/25/34 | 3250000 | 3175734 |
| Cascade Funding Mortgage Trust, Series 2022-AB2, Class M3 <sup>(c)</sup> | 2.000% | 02/25/52 | 5104871 | 4748321 |
| Finance of America HECM Buyout, Series 2024-HB1, Class M5 <sup>(c)</sup> | 6.000% | 10/01/34 | 8000000 | 6083570 |
| Ocwen Loan Investment Trust, Series 2023-HB1, Class M3 <sup>(c)</sup> | 3.000% | 06/25/36 | 9000000 | 8803481 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **HECM - 5.3% (Continued)** |  |  |  |  |
| Ocwen Loan Investment Trust, Series 2024-HB1, Class M1 <sup>(c)</sup> | 3.000% | 02/25/37 | $2500000 | $2424923 |
| Ocwen Loan Investment Trust, Series 24-HB1, Class M4 <sup>(c)</sup> | 3.000% | 02/25/37 | 5700000 | 5219162 |
| Onity Loan Investment Trust, Series 2024-HB2, Class M4 <sup>(c)</sup> | 5.000% | 08/25/37 | 3650000 | 3456487 |
| Onity Loan Investment Trust, Series 2025-HB1, Class A <sup>(c)</sup> | 3.000% | 06/25/38 | 12679964 | 12375584 |
| Onity Loan Investment Trust, Series 2025-HB1, Class M4 <sup>(c)</sup> | 3.000% | 06/25/38 | 2500000 | 2087337 |
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M3 <sup>(c)</sup> | 3.690% | 11/25/31 | 3000000 | 2861004 |
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M4 <sup>(c)</sup> | 4.704% | 11/25/31 | 6850000 | 6508177 |
| RMF Buyout Issuance Trust, Series 2020-HB1, Class M2 <sup>(c)</sup> | 3.630% | 10/25/50 | 1000000 | 868648 |
| RMF Proprietary Issuance Trust, Series 2021-2, Class A <sup>(c)</sup> | 2.125% | 09/25/61 | 8439576 | 7851666 |
| RMF Proprietary Issuance Trust, Series 2021-2, Class M2 <sup>(c)</sup> | 2.125% | 09/25/61 | 2721107 | 2382156 |
| RMF Proprietary Issuance Trust, Series 2022-1, Class A <sup>(c)</sup> | 3.000% | 01/25/62 | 1883152 | 1795611 |
| RMF Proprietary Issuance Trust, Series 2022-2, Class A <sup>(c)</sup> | 3.750% | 06/25/62 | 7557345 | 7121274 |
| RMF Proprietary Issuance Trust, Series 2022-2, Class M1 <sup>(c)</sup> | 3.750% | 06/25/62 | 3400000 | 3139901 |
| RMF Proprietary Issuance Trust, Series 2022-2, Class M3 <sup>(c)</sup> | 3.750% | 06/25/62 | 2600000 | 2312720 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class M1 <sup>(c)</sup> | 4.000% | 08/25/62 | 5900000 | 5498691 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class A <sup>(c)</sup> | 4.000% | 08/25/62 | 4423427 | 4315584 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class M3 <sup>(c)</sup> | 4.000% | 08/25/62 | 5800000 | 5150368 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **HECM - 5.3% (Continued)** |  |  |  |  |
| RMF Proprietary Issuance Trust II, Series 2022-1, Class M1 <sup>(c)</sup> | 3.000% | 01/25/62 | $1600000 | $1483679 |
| RMF Proprietary Issuance Trust III, Series 2022-1, Class M2 <sup>(c)</sup> | 3.000% | 01/25/62 | 4000000 | 3629801 |
|  |  |  |  | 247057107 |
| **Hospitality - 2.7%** |  |  |  |  |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class B <br> (1\* TSFR1M + 255) <sup>(a)(c)</sup> | 6.700% | 08/15/42 | 7400000 | 7404625 |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class C <br> (1\* TSFR1M + 330) <sup>(a)(c)</sup> | 7.450% | 08/15/42 | 12300000 | 12307687 |
| Extended Stay America Trust, Series 2021-ESH, Class D <sup>(a)(c)</sup> | 6.514% | 07/15/38 | 17083929 | 17083929 |
| Extended Stay America Trust, Series 2021-ESH, Class E <sup>(a)(c)</sup> | 7.114% | 07/15/38 | 18408715 | 18408715 |
| Extended Stay America Trust, Series 21-MTL6, Class G <sup>(c)</sup> | 5.450% | 10/15/42 | 10000000 | 10018749 |
| Extended Stay America Trust, Series 21-MTL6, Class F <sup>(c)</sup> | 6.750% | 10/15/42 | 13000000 | 13040609 |
| Extended Stay America Trust, Series 21-MTL6, Class E <sup>(c)</sup> | 7.500% | 10/15/42 | 14000000 | 14035004 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class A <br> (1\* TSFR1M + 139) <sup>(a)(c)</sup> | 5.543% | 03/15/42 | 12667500 | 12675417 |
| INTOWN Mortgage Trust, Series 2025-STAY, Class D <br> (1\* TSFR1M + 285) <sup>(a)(c)</sup> | 7.000% | 03/15/42 | 13620000 | 13602975 |
| MCR Mortgage Trust, Series 2024-TWA, Class D <sup>(c)</sup> | 7.402% | 06/12/39 | 9000000 | 9127179 |
|  |  |  |  | 127704889 |
| **Industrial - 1.4%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2025-VLT6, Class D <br> (1\* TSFR1M + 259) <sup>(a)(c)</sup> | 6.742% | 03/15/30 | 24000000 | 23970000 |
| BX Commercial Mortgage Trust, Series 2021-VOLT, Class B <sup>(c)</sup> | 5.215% | 09/15/36 | 5394435 | 5377577 |
| BX Commercial Mortgage Trust, Series 2025-VLT6, Class B <br> (1\* TSFR1M + 189) <sup>(a)(c)</sup> | 6.043% | 03/15/42 | 3645000 | 3642722 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Industrial - 1.4% (Continued)** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2025-VLT6, Class C <br> (1\* TSFR1M + 219) <sup>(a)(c)</sup> | 6.342% | 03/15/42 | $5750000 | $5742812 |
| BX Trust, Series 2025-VLT7, Class D (1\* TSFR1M + 325) <sup>(a)(c)</sup> | 7.400% | 07/15/27 | 20000000 | 20150000 |
| BX Trust, Series 2025-BCAT, Class D (1\* TSFR1M + 265) <sup>(a)(c)</sup> | 7.000% | 08/15/42 | 5342438 | 5357279 |
|  |  |  |  | 64240390 |
| **Laboratory - 2.0%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-BIO2, Class D <sup>(c)</sup> | 7.970% | 08/13/41 | 14750000 | 14676810 |
| Commercial Mortgage Trust, Series 2020-CX, Class B <sup>(c)</sup> | 2.446% | 11/10/46 | 2950000 | 2509425 |
| Life Financial Services Trust, Series 2021-BMR, Class D <br> (1\* TSFR1M + 151) <sup>(a)(c)</sup> | 5.664% | 03/15/38 | 8705900 | 8651488 |
| Life Financial Services Trust, Series 2021-BMR, Class G <br> (1\* TSFR1M + 306) <sup>(a)(c)</sup> | 7.214% | 03/15/38 | 10990000 | 10831031 |
| Life Financial Services Trust, Series 2022-BMR2, Class A1 <br> (1\* TSFR1M + 130) <sup>(a)(c)</sup> | 5.445% | 05/15/39 | 40895000 | 39770387 |
| Life Financial Services Trust, Series 2022-BMR2, Class B <br> (1\* TSFR1M + 179) <sup>(a)(c)</sup> | 5.944% | 05/15/39 | 11000000 | 10311727 |
| Life Financial Services Trust, Series 2022-BMR2, Class C <br> (1\* TSFR1M + 209) <sup>(a)(c)</sup> | 6.243% | 05/15/39 | 9750000 | 8909062 |
|  |  |  |  | 95659930 |
| **Manufactured Housing - 0.0% <sup>(d)</sup>** |  |  |  |  |
| Cascade Manufactured Housing Asset Trust, Series 2019-MH1, <br> Class M <sup>(a)(c)</sup> | 5.985% | 11/25/44 | 1100000 | 1064684 |
| **Multifamily - 5.1%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-AIRC, Class D <br> (1\* TSFR1M + 309) <sup>(a)(c)</sup> | 7.239% | 08/15/39 | 27149661 | 27217389 |
| BX Commerical Mortgage Trust, Series 2024-AIRC, Class B <br> (1\* TSFR1M + 214) <sup>(a)(c)</sup> | 6.291% | 08/15/39 | 5991649 | 6008501 |
| FREMF Mortgage Trust, Series 2018-KF45, Class B <br> (1\* SOFR + 195) <sup>(a)(c)</sup> | 6.419% | 10/25/25 | 1125038 | 1146492 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Multifamily - 5.1% (Continued)** |  |  |  |  |
| FREMF Mortgage Trust, Series 2018-KF53, Class B (1\* SOFR + 205) <sup>(a)(c)</sup> | 6.519% | 10/25/25 | $2133604 | $2130590 |
| FREMF Mortgage Trust, Series 2019-KF62, Class B (1\* SOFR + 205) <sup>(a)(c)</sup> | 6.519% | 04/25/26 | 3245197 | 3189355 |
| FREMF Mortgage Trust, Series 2018-KF43, Class B (1\* SOFR + 215) <sup>(a)(c)</sup> | 6.619% | 01/25/28 | 2254710 | 2182063 |
| FREMF Mortgage Trust, Series 2018-KF48, Class B (1\* SOFR + 205) <sup>(a)(c)</sup> | 6.519% | 06/25/28 | 4142895 | 3935660 |
| FREMF Mortgage Trust, Series 2018-KF50, Class B (1\* SOFR + 190) <sup>(a)(c)</sup> | 6.369% | 07/25/28 | 2503081 | 2406633 |
| FREMF Mortgage Trust, Series 2019-KF57, Class B (1\* SOFR + 225) <sup>(a)(c)</sup> | 6.719% | 01/25/29 | 2955419 | 2824865 |
| FREMF Mortgage Trust, Series 2019-KF59, Class B (1\* SOFR + 235) <sup>(a)(c)</sup> | 6.819% | 02/25/29 | 2045713 | 1962192 |
| FREMF Mortgage Trust, Series 2019-KF67, Class B (1\* SOFR + 225) <sup>(a)(c)</sup> | 6.719% | 08/25/29 | 2451387 | 2328885 |
| Multifamily Connecticut Avenue, Series 2020-01, Class CE <br> (1\* SOFR + 750) <sup>(a)(c)</sup> | 11.971% | 03/25/50 | 14063000 | 14549705 |
| Multifamily Connecticut Avenue, Series 2024-01, Class M7 <br> (1\* SOFR30A + 275) <sup>(a)(c)</sup> | 7.106% | 07/25/54 | 15371894 | 15571846 |
| Multifamily Connecticut Avenue, Series 2025-01, Class M1 <br> (1\* SOFR30A + 240) <sup>(a)(c)</sup> | 6.756% | 05/25/55 | 18344774 | 18416060 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN2, Class M2 <br> (1\* SOFR30A + 335) <sup>(a)(c)</sup> | 7.706% | 07/25/41 | 41086256 | 41391198 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN2, Class B1 <br> (1\* SOFR30A + 550) <sup>(a)(c)</sup> | 9.856% | 07/25/41 | 16504000 | 16503835 |
| MultiFamily Structured Credit Risk Notes, Series 2024-MN8, Class M1 <br> (1\* SOFR30A + 285) <sup>(a)(c)</sup> | 7.206% | 05/25/44 | 6985583 | 7060456 |
| MultiFamily Structured Credit Risk Notes, Series 2024-MN9, Class M1 <br> (1\* SOFR30A + 245) <sup>(a)(c)</sup> | 6.798% | 10/25/44 | 3685987 | 3712484 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Multifamily - 5.1% (Continued)** |  |  |  |  |
| MultiFamily Structured Credit Risk Notes, Series 2024-MN9, Class B1 <br> (1\* SOFR30A + 600) <sup>(a)(c)</sup> | 10.348% | 10/25/44 | $2375000 | $2527437 |
| MultiFamily Structured Credit Risk Notes, Series 2025-MN10, Class M-1 <br> (1\* SOFR30A + 205) <sup>(a)(c)</sup> | 6.405% | 02/25/45 | 13166735 | 13058275 |
| MultiFamily Structured Credit Risk Notes, Series 2025-MN10, Class M-2 <br> (1\* SOFR30A + 285) <sup>(a)(c)</sup> | 7.205% | 02/25/45 | 7250000 | 7234506 |
| MultiFamily Structured Credit Risk Notes, Series 2025-MN10, Class B1 <br> (1\* SOFR30A + 495) <sup>(a)(c)</sup> | 9.305% | 02/25/45 | 4010000 | 4099361 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN1, Class M-1 <br> (1\* SOFR + 200) <sup>(a)(c)</sup> | 6.356% | 01/25/51 | 2921145 | 2913142 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN3, Class M-1 <br> (1\* SOFR + 230) <sup>(a)(c)</sup> | 6.656% | 11/25/51 | 13652115 | 13675680 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN3, Class B1 <br> (1\* SOFR + 685) <sup>(a)(c)</sup> | 11.206% | 11/25/51 | 13500000 | 14314478 |
| MultiFamily Structured Credit Risk Notes, Series 2022-MN4, Class M-1 <br> (1\* SOFR + 425) <sup>(a)(c)</sup> | 8.598% | 05/25/52 | 8515129 | 8732582 |
|  |  |  |  | 239093670 |
| **Non-Agency MBS 2.0 - 2.5%** |  |  |  |  |
| Chase Mortgage Finance Corp., Series 2021-CL1, Class M3 <br> (1\* SOFR + 155) <sup>(a)</sup> | 5.906% | 02/25/50 | 1855437 | 1752397 |
| GS Mortgage-Backed Securities Trust, Series 2025-DSC1, Class A1 <sup>(c)</sup> | 4.974% | 06/25/65 | 21452697 | 21409935 |
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M1<br> (1\* SOFR + 130) <sup>(a)(c)</sup> | 5.656% | 03/25/51 | 3593768 | 3586782 |
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M3 <br> (1\* SOFR + 180) <sup>(a)(c)</sup> | 6.156% | 03/25/51 | 1187052 | 1169993 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Non-Agency MBS 2.0 - 2.5% (Continued)** |  |  |  |  |
| Redwood Funding Trust, Series 2025-RR1, Class A1 <sup>(c)</sup> | 6.767% | 06/27/28 | $33132865 | $33209137 |
| Redwood Funding Trust, Series 2025-2, Class A <sup>(c)</sup> | 7.112% | 05/27/55 | 3117830 | 3132013 |
| Redwood Funding Trust, Series 2025-3, Class A <sup>(c)</sup> | 6.231% | 12/27/56 | 17708501 | 17711051 |
| Redwood Funding Trust, Series 2025-3, Class B <sup>(c)</sup> | 7.749% | 12/27/56 | 4275000 | 4272157 |
| REMIC Funding Trust, Series 2024-2, Class A1 <sup>(c)</sup> | 7.112% | 09/27/28 | 23479525 | 23462057 |
| REMIC Funding Trust, Series 2024-2, Class A2 <sup>(c)</sup> | 8.806% | 09/27/28 | 7483498 | 7478178 |
|  |  |  |  | 117183700 |
| **Non-Performing Loan - 1.3%** |  |  |  |  |
| Builders Capital Loan Acquisition Trust, Series 2024-NPL1, <br> Class A1-B <sup>(c)</sup> | 8.996% | 11/25/29 | 10000000 | 9944004 |
| Saluda Grade Alternative Mortgage Trust, Series 2025-NPL1, <br> Class A1 <sup>(c)</sup> | 7.118% | 01/25/30 | 23317680 | 23400970 |
| Saluda Grade Alternative Mortgage Trust, Series 2022-NPL1, <br> Class A2 <sup>(c)</sup> | 9.047% | 01/25/30 | 7785000 | 7828324 |
| Saluda Grade Alternative Mortgage Trust, Series 2025-NPL2, <br> Class A1 <sup>(c)</sup> | 7.774% | 05/25/30 | 18648120 | 18782648 |
|  |  |  |  | 59955946 |
| **Non-QM - 2.2%** |  |  |  |  |
| Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A3 <sup>(a)</sup> | 6.914% | 08/25/34 | 3173 | 3129 |
| COLT Funding, LLC, Series 2024-7, Class A1 <sup>(c)</sup> | 5.538% | 12/26/69 | 8529256 | 8593750 |
| COLT Funding, LLC, Series 2025-6, Class A1 <sup>(c)</sup> | 5.529% | 08/25/70 | 29400672 | 29664546 |
| GCAT, Series 2023-NQM4, Class A1 <sup>(c)</sup> | 4.250% | 05/25/67 | 14799465 | 14165515 |
| GS Mortgage-Backed Securities Trust, Series 2025-NQM4, Class A1 <sup>(c)</sup> | 5.006% | 10/25/65 | 50000000 | 49970635 |
|  |  |  |  | 102397575 |
| **Office - 2.6%** |  |  |  |  |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2020-BOC, Class A <sup>(c)</sup> | 2.627% | 01/15/32 | 6100000 | 5387926 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Office - 2.6% (Continued)** |  |  |  |  |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2016-SS1, Class A <sup>(c)</sup> | 3.665% | 12/15/35 | $10250000 | $9654202 |
| Banc of America Merrill Lynch Commerical Mortgage, Series 2020-BOC, Class D <sup>(c)(e)</sup> | 3.289% | 01/15/32 | 14650000 | 11047498 |
| Banc of America Merrill Lynch Commericial Mortgage, Series 2020-BOC, Class B <sup>(c)</sup> | 2.829% | 01/15/32 | 1632500 | 1360415 |
| COLEM Mortgage Trust, Series 2022-HLNE, Class B <sup>(c)</sup> | 2.461% | 04/12/42 | 4800000 | 4258109 |
| COLEM Mortgage Trust, Series 2022-HLNE, Class D <sup>(c)</sup> | 2.461% | 04/12/42 | 3360000 | 2746523 |
| DBGS Mortgage Trust, Series 2018-5BP, Class D <sup>(c)</sup> | 5.961% | 06/15/33 | 2000000 | 1741000 |
| Drop Mortgage Trust, Series 2021-FILE, Class A (1\* TSFR1M + 126) <sup>(a)(c)</sup> | 5.414% | 10/15/43 | 13425000 | 13043227 |
| Drop Mortgage Trust, Series 2021-FILE, Class B (1\* TSFR1M + 181) <sup>(a)(c)</sup> | 5.964% | 10/15/43 | 19400000 | 18411812 |
| JP Morgan Chase Commercial Mortgage Trust, Series 2025-BMS, <br> Class D (1\* TSFR1M + 315) <sup>(a)(c)</sup> | 7.300% | 01/15/42 | 9200000 | 9140930 |
| JP Morgan Chase Commerical Mortgage Trust, Series 2025-BMS, <br> Class A (1\* TSFR1M + 160) <sup>(a)(c)</sup> | 5.750% | 01/15/42 | 8000000 | 7985000 |
| JP Morgan Chase Commerical Mortgage Trust, Series 2025-BMS, <br> Class C (1\* TSFR1M + 240) <sup>(a)(c)</sup> | 6.550% | 01/15/42 | 4680000 | 4656600 |
| NYC Commerical Mortgage Trust, Series 2025-3BP, Class D<br> (1\* TSFR1M + 244) <sup>(a)(c)</sup> | 6.591% | 02/15/42 | 4700000 | 4677969 |
| NYT Mortgage Trust, Series 2019-NYT, Class D <br> (1\* TSFR1M + 230) <sup>(a)(c)</sup> | 6.661% | 12/15/35 | 2000000 | 1908986 |
| NYT Mortgage Trust, Series 2019-NYT, Class E <br> (1\* TSFR1M + 280) <sup>(a)(c)</sup> | 7.161% | 12/15/35 | 4000000 | 3637971 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class B <sup>(c)</sup> | 6.013% | 09/15/40 | 6500000 | 6523715 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class C <sup>(c)</sup> | 6.692% | 09/15/40 | 12500000 | 12544784 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Office - 2.6% (Continued)** |  |  |  |  |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class D <sup>(c)</sup> | 8.623% | 09/15/40 | $4285000 | $4324754 |
|  |  |  |  | 123051421 |
| **Residential Transition Loan - 7.4%** |  |  |  |  |
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A1 <sup>(c)</sup> | 3.280% | 01/25/26 | 2085327 | 1983989 |
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A2 <sup>(c)(e)</sup> | 7.610% | 01/25/26 | 1374547 | 53345 |
| Anchor Mortgage Trust, Series 2025-RTL1, Class A1 <sup>(c)</sup> | 5.718% | 05/25/40 | 9400000 | 9447099 |
| Corevest American Finance Ltd., Series 2021-RTL1, Class A2 <sup>(c)</sup> | 5.104% | 03/28/29 | 1248423 | 1248423 |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A1 <sup>(c)</sup> | 6.456% | 05/25/40 | 12968000 | 13153214 |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A2 <sup>(c)</sup> | 8.299% | 05/25/40 | 4950000 | 4998674 |
| Fidelis Mortgage Trust, Series 25-RTL1, Class A1 <sup>(c)</sup> | 5.880% | 02/27/40 | 26000000 | 26345184 |
| Fidelis Mortgage Trust, Series 2025-RTL2, Class B <sup>(c)</sup> | 8.400% | 07/25/40 | 5238000 | 5116311 |
| Homeward Opportunities Funding Trust, Series 2024-RTL1, Class A1 <sup>(c)</sup> | 7.120% | 07/25/29 | 36000000 | 36135418 |
| Homeward Opportunities Funding Trust, Series 2024-RTL1, Class A-2 <sup>(c)</sup> | 8.570% | 07/25/29 | 5000000 | 5023180 |
| Homeward Opportunities Funding Trust, Series 2024-RRTL2, <br> Class A1 <sup>(c)</sup> | 5.989% | 09/25/39 | 24000000 | 24089758 |
| Homeward Opportunities Funding Trust, Series 2024-RRTL2, <br> Class A-2 <sup>(c)</sup> | 6.369% | 09/25/39 | 7000000 | 7025777 |
| LHOME Mortgage Trust, Series 2024-RTL1, Class A1 <sup>(c)</sup> | 7.017% | 01/25/29 | 9050000 | 9149760 |
| LHOME Mortgage Trust, Series 2024-RTL1, Class A2 <sup>(c)</sup> | 9.165% | 01/25/29 | 2500000 | 2530449 |
| LHOME Mortgage Trust, Series 2024-RTL1, Class M <sup>(c)</sup> | 11.949% | 01/25/29 | 2250000 | 2286208 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Residential Transition Loan - 7.4% (Continued)** |  |  |  |  |
| LHOME Mortgage Trust, Series 2024-RTL2, Class A1 <sup>(c)</sup> | 7.390% | 03/25/29 | $26500000 | $26734483 |
| LHOME Mortgage Trust, Series 2024-RTL2, Class M <sup>(c)</sup> | 12.404% | 03/25/29 | 1800000 | 1824642 |
| LHOME Mortgage Trust, Series 2024-RTL3, Class A2 <sup>(c)</sup> | 6.894% | 05/25/29 | 30000000 | 30347718 |
| LHOME Mortgage Trust, Series 2024-RTL3, Class M <sup>(c)</sup> | 10.728% | 05/25/29 | 1750000 | 1768973 |
| LHOME Mortgage Trust, Series 2024-RTL4, Class A2 <sup>(c)</sup> | 6.092% | 07/25/39 | 9500000 | 9575509 |
| LHOME Mortgage Trust, Series 2025-RTL1, Class A1 <sup>(c)</sup> | 5.652% | 01/25/40 | 34000000 | 34238214 |
| LHOME Mortgage Trust, Series 2025-RTL1, Class M2 <sup>(c)</sup> | 8.379% | 01/25/40 | 3750000 | 3843069 |
| New York Mortgage Trust, Series 2024-BPL1, Class A2 <sup>(c)</sup> | 8.617% | 02/25/29 | 2500000 | 2514036 |
| ROC Mortgage Trust, Series 2025-RTL1, Class M2 <sup>(c)</sup> | 8.539% | 02/25/40 | 9800000 | 9738152 |
| ROC Securities Trust, Series 2021-RTL1, Class A2 <sup>(c)</sup> | 3.351% | 08/25/26 | 6781664 | 6768520 |
| ROC Securities Trust, Series 2021-RTL1, Class M <sup>(c)</sup> | 5.682% | 08/25/26 | 6745000 | 6691475 |
| ROC Securities Trust, Series 2025-RTL1, Class A1 <sup>(c)</sup> | 5.625% | 02/25/40 | 25000000 | 25098198 |
| ROC Securities Trust, Series 2025-RTL1, Class M1 <sup>(c)</sup> | 6.990% | 02/25/40 | 7700000 | 7727414 |
| TVC Mortgage Trust, Series 2024-RRTL1, Class A1 <sup>(c)</sup> | 5.545% | 07/25/39 | 16000000 | 16027658 |
| TVC Mortgage Trust, Series 2024-RRTL1, Class A2 <sup>(c)</sup> | 5.956% | 07/25/39 | 5400000 | 5425531 |
| TVC Mortgage Trust, Series 2024-RRTL1, Class M2 <sup>(c)</sup> | 9.398% | 07/25/39 | 8750000 | 8657626 |
|  |  |  |  | 345568007 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Retail - 0.4%** | **Retail - 0.4%** | **Retail - 0.4%** | | |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class A <br> (1\* SOFR + 115) <sup>(a)(c)</sup> | 5.515% | 02/15/40 | $2202248 | $2196743 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class B <br> (1\* SOFR + 145) <sup>(a)(c)</sup> | 5.815% | 02/15/40 | 4552000 | 4549527 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class C <br> (1\* SOFR + 180) <sup>(a)(c)</sup> | 6.165% | 02/15/40 | 3040000 | 3046525 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class D <br> (1\* SOFR + 250) <sup>(a)(c)</sup> | 6.865% | 02/15/40 | 2083200 | 2082066 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class E <br> (1\* SOFR + 365) <sup>(a)(c)</sup> | 8.015% | 02/15/40 | 5680000 | 5676900 |
|  |  |  |  | 17551761 |
| **Second Lien - 4.3%** |  |  |  |  |
| Achieve Mortgage, Series 2024-HE2, Class A <sup>(c)</sup> | 5.350% | 10/25/39 | 11995627 | 12021964 |
| Achieve Mortgage, Series 2025-HE1, Class A <sup>(c)</sup> | 5.920% | 03/25/55 | 12979243 | 13195198 |
| HTAP Trust, Series 2024-1, Class A <sup>(c)</sup> | 7.000% | 04/25/37 | 10321701 | 10385104 |
| HTAP Trust, Series 2024-2, Class A <sup>(c)</sup> | 6.500% | 04/25/42 | 41485410 | 41369014 |
| Point Securitization Trust, Series 2023-1, Class A1 <sup>(c)</sup> | 6.500% | 11/25/53 | 5549857 | 5554625 |
| Point Securitization Trust, Series 2024-1, Class A1 <sup>(c)</sup> | 6.500% | 06/25/54 | 6289453 | 6291122 |
| Point Securitization Trust, Series 2025-1, Class A1 <sup>(c)</sup> | 6.250% | 06/25/55 | 6135902 | 6136829 |
| Unlock HEA Trust, Series 24-1, Class A <sup>(c)</sup> | 7.000% | 04/25/39 | 10554615 | 10580564 |
| Unlock HEA Trust, Series 2024-2, Class A <sup>(c)</sup> | 6.500% | 10/25/39 | 18342920 | 18309556 |
| Unlock HEA Trust, Series 2025-1, Class A <sup>(c)</sup> | 6.750% | 07/25/41 | 18934190 | 18983858 |
| Vista Point Securitization Trust, Series 2024-CES1, Class A1 <sup>(c)</sup> | 6.676% | 05/25/54 | 4804004 | 4862572 |
| Vista Point Securitization Trust, Series 2024-CES2, Class A1 <sup>(c)</sup> | 5.252% | 10/25/54 | 15431697 | 15408703 |
| Vista Point Securitization Trust, Series 2024-CES3, Class A1 <sup>(c)</sup> | 5.679% | 01/25/55 | 10332550 | 10379492 |
| Woodward Capital Management, Series 2023-CES2, Class A1A <sup>(a)(c)</sup> | 6.808% | 09/25/43 | 10626300 | 10756916 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Second Lien - 4.3% (Continued)** |  |  |  |  |
| Woodward Capital Management, Series 24-CES3, Class A1A <sup>(a)(c)</sup> | 6.591% | 05/25/44 | $11554718 | $11742045 |
| Woodward Capital Management, Series 2024-CES5, Class A1A <sup>(c)</sup> | 5.846% | 08/25/44 | 4424497 | 4471310 |
|  |  |  |  | 200448872 |
| **Single Family Rental - 5.1%** |  |  |  |  |
| Firstkey Homes Trust, Series 2020-SFR2, Class A <sup>(c)</sup> | 1.266% | 10/19/37 | 86161485 | 85759283 |
| Firstkey Homes Trust, Series 2020-SFR2, Class B <sup>(c)</sup> | 1.567% | 10/19/37 | 24485000 | 24375611 |
| Home Partners of America Trust, Series 2019-1, Class A <sup>(c)</sup> | 2.908% | 09/17/39 | 2079388 | 2021613 |
| Home Partners of America Trust, Series 2019-1, Class B <sup>(c)</sup> | 3.157% | 09/17/39 | 2431357 | 2368270 |
| Home Partners of America Trust, Series 2019-2, Class A <sup>(c)</sup> | 2.703% | 10/19/39 | 413619 | 409098 |
| Progress Residential Trust, Series 2024-SFR4, Class E2 <sup>(c)</sup> | 3.400% | 07/09/29 | 4500000 | 4119390 |
| Progress Residential Trust, Series 2024-SFR4, Class E1 <sup>(c)</sup> | 3.400% | 07/09/29 | 12500000 | 11510598 |
| Progress Residential Trust, Series 2024-SFR4, Class D <sup>(c)</sup> | 3.400% | 07/09/29 | 15000000 | 14030277 |
| Progress Residential Trust, Series 2024-SFR5, Class E1 <sup>(c)</sup> | 3.375% | 08/09/29 | 22681000 | 20960451 |
| Progress Residential Trust, Series 2021-SFR5, Class A <sup>(c)</sup> | 1.427% | 07/17/38 | 430998 | 424076 |
| Progress Residential Trust, Series 2021-SFR5, Class E1 <sup>(c)</sup> | 2.209% | 07/17/38 | 5000000 | 4886515 |
| Progress Residential Trust, Series 2021-SFR8, Class E2 <sup>(c)</sup> | 2.532% | 10/17/38 | 11311000 | 11043852 |
| Progress Residential Trust, Series 2023-SFR2, Class E1 <sup>(c)</sup> | 4.750% | 10/17/40 | 3141000 | 3076197 |
| Progress Residential Trust, Series 2024-SFR2, Class E1 <sup>(c)</sup> | 3.400% | 04/17/41 | 2500000 | 2316958 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Single Family Rental - 5.1% (Continued)** |  |  |  |  |
| Progress Residential Trust, Series 2024-SFR2, Class E2 <sup>(c)</sup> | 3.650% | 04/17/41 | $1500000 | $1388952 |
| Progress Residential Trust, Series 2024-SFR3, Class D <sup>(c)</sup> | 3.500% | 06/17/41 | 11500000 | 10821422 |
| Progress Residential Trust, Series 2024-SFR3, Class E2 <sup>(c)</sup> | 4.000% | 06/17/41 | 2000000 | 1870716 |
| Progress Residential Trust, Series 2025-SFR1, Class D <sup>(c)</sup> | 3.650% | 02/17/42 | 6500000 | 6072955 |
| Progress Residential Trust, Series 2025-SFR1, Class E2 <sup>(c)</sup> | 3.750% | 02/17/42 | 11000000 | 10059732 |
| Tricon American Homes, Series 2019-SFR1, Class E <sup>(c)</sup> | 3.397% | 03/17/38 | 4000000 | 3961839 |
| Tricon American Homes, Series 2019-SFR1, Class A <sup>(c)</sup> | 3.745% | 03/17/38 | 1473243 | 1461473 |
| Tricon American Homes, Series 2019-SFR1, Class F <sup>(c)</sup> | 3.745% | 03/17/38 | 3000000 | 2979216 |
| Tricon American Homes Trust, Series 2020-SFR1, Class A <sup>(c)</sup> | 1.499% | 07/17/38 | 992212 | 970890 |
| Tricon Residential, Series 2025-SFR1, Class C (1\* TSFR1M + 160) <sup>(a)(c)</sup> | 5.963% | 03/17/30 | 5650000 | 5662036 |
| Tricon Residential, Series 2025-SFR1, Class D (1\* TSFR1M + 200) <sup>(a)(c)</sup> | 6.363% | 03/17/30 | 4000000 | 4014181 |
|  |  |  |  | 236565601 |
| **Small Business - 2.8%** |  |  |  |  |
| CPC Asset Securitization, LLC, Series 2025-1A, Class A <sup>(c)</sup> | 5.780% | 07/15/31 | 15000000 | 15144765 |
| Credibility Asset Securitization, Series 2024-1A, Class A <sup>(c)</sup> | 6.440% | 11/15/29 | 9000000 | 9121130 |
| Credibility Asset Securitization, Series 2024-1A, Class D <sup>(c)</sup> | 12.450% | 11/15/29 | 4000000 | 4073239 |
| FORA Financial Asset Securitization, Series 2024-1A, Class D <sup>(c)</sup> | 12.010% | 08/15/29 | 4000000 | 4036738 |
| FORA Financial Asset Securitization, Series 2024-1A, Class E <sup>(c)</sup> | 15.510% | 08/15/29 | 8947000 | 9006233 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Small Business - 2.8% (Continued)** |  |  |  |  |
| Kapitus Asset Securitization, LLC, Series 2024-1A, Class A <sup>(c)</sup> | 5.490% | 09/10/31 | $10000000 | $10045134 |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class A <sup>(c)</sup> | 5.490% | 09/10/31 | 11000000 | 11049647 |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class B <sup>(c)</sup> | 5.690% | 09/10/31 | 4800000 | 4799564 |
| Kapitus Asset Securitization, LLC, Series 2024-4, Class C <sup>(c)</sup> | 7.150% | 09/10/31 | 2000000 | 2014487 |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class D <sup>(c)</sup> | 9.900% | 09/10/31 | 6220000 | 6274358 |
| Mulligan Asset Securitization Loans, Series 2024-1, Class C NEW <sup>(c)</sup> | 12.057% | 10/15/31 | 3440000 | 3510570 |
| Newtek Alternative Loan Program, Series 2024-1, Class A <sup>(c)</sup> | 6.490% | 12/27/49 | 14483851 | 14705187 |
| Newtek Alternative Loan Program, Series 2024-1, Class B <sup>(c)</sup> | 7.710% | 12/27/49 | 4345155 | 4400692 |
| Newtek Small Business Loan Trust, Series 2022-1, Class B <br> (1\* SOFR + 375) <sup>(a)(c)</sup> | 7.500% | 10/25/49 | 1447213 | 1429742 |
| Newtek Small Business Loan Trust, Series 2023-1, Class B <br> (1\* Prime + 75) <sup>(a)(c)</sup> | 8.000% | 07/25/50 | 4032556 | 4005378 |
| OnDeck Asset Securitization Trust, Series 2024-1A, Class B <sup>(c)</sup> | 7.150% | 06/17/31 | 6350000 | 6418967 |
| OnDeck Asset Securitization Trust, Series 2024-2A, Class B <sup>(c)</sup> | 5.420% | 10/17/31 | 11500000 | 11521339 |
| OnDeck Asset Securitization Trust, Series 2024-2A, Class C <sup>(c)</sup> | 7.030% | 10/17/31 | 2350000 | 2355735 |
| RFS Asset Securitization II, LLC, Series 2024-1, Class D <sup>(c)</sup> | 12.324% | 07/15/31 | 3250000 | 3298628 |
| RFS Asset Securitization II, LLC, Series 2024-1, Class E <sup>(c)</sup> | 14.782% | 07/15/31 | 5565000 | 5616810 |
|  |  |  |  | 132828343 |
| **Student Loan - 0.3%** |  |  |  |  |
| Ascent Career Funding Trust, Series 2024-1A, Class A <sup>(c)</sup> | 6.770% | 10/25/32 | 2905734 | 2925603 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Student Loan - 0.3% (Continued)** |  |  |  |  |
| Ascent Career Funding Trust, Series 2024-1A, Class B <sup>(c)</sup> | 9.730% | 10/25/32 | $2700000 | $2778567 |
| College Ave Student Loans, Series 2018-A, Class B <sup>(c)</sup> | 4.750% | 12/26/47 | 508346 | 503317 |
| College Ave Student Loans, Series 2018-A, Class C <sup>(c)</sup> | 5.500% | 12/26/47 | 286338 | 281951 |
| College Ave Student Loans, Series 2019-A, Class C <sup>(c)</sup> | 4.460% | 12/28/48 | 1698500 | 1660185 |
| College Ave Student Loans, Series 2021-A, Class B <sup>(c)</sup> | 2.320% | 07/25/51 | 1096362 | 1019394 |
| College Ave Student Loans, Series 2021-A, Class D <sup>(c)</sup> | 4.120% | 07/25/51 | 564892 | 543149 |
| CommonBond Student Loan Trust, Series 2017-BGS, Class C <sup>(c)</sup> | 4.440% | 09/25/42 | 227751 | 194332 |
| Laurel Road Prime Student Loan, Series 2019-A, Class BFX <sup>(c)</sup> | 3.000% | 10/25/48 | 2512757 | 2474247 |
| Prodigy Finance, Series 2021-1A, Class A (1\* TSFR1M + 136) <sup>(a)(c)</sup> | 5.696% | 07/25/51 | 374187 | 373840 |
|  |  |  |  | 12754585 |
| **Unsecured Consumer - 12.0%** |  |  |  |  |
| ACHV ABS Trust, Series 2023-3PL, Class D <sup>(c)</sup> | 8.360% | 08/19/30 | 1478494 | 1498126 |
| ACHV ABS Trust, Series 2023-4CP, Class E <sup>(c)</sup> | 10.500% | 11/25/30 | 3000000 | 3054558 |
| ACHV ABS Trust, Series 2024-1PL, Class D <sup>(c)</sup> | 7.290% | 04/25/31 | 14492005 | 14766472 |
| ACHV ABS Trust, Series 2024-3AL, Class D <sup>(c)</sup> | 6.750% | 12/26/31 | 4848895 | 4919329 |
| ACHV ABS Trust, Series 2024-3AL, Class E <sup>(c)</sup> | 7.000% | 12/26/31 | 7750000 | 7723149 |
| Affirm, Inc., Series 2022-Z1, Class B <sup>(c)</sup> | 6.490% | 06/15/27 | 948621 | 951465 |
| Affirm, Inc., Series 2025-X1, Class D <sup>(c)</sup> | 6.110% | 04/15/30 | 10000000 | 10051021 |
| AMCR ABS Trust, Series 2023-1, Class B <sup>(c)</sup> | 8.700% | 01/21/31 | 7998538 | 8068613 |
| AMCR ABS Trust, Series 2024-A, Class A <sup>(c)</sup> | 6.260% | 08/18/31 | 7850899 | 7878810 |
| AMCR ABS Trust, Series 2024-A, Class B <sup>(c)</sup> | 6.970% | 08/18/31 | 5000000 | 5083084 |
| AMCR ABS Trust, Series 2024-A, Class C <sup>(c)</sup> | 11.250% | 08/18/31 | 6000000 | 6392265 |
| Bankers Healthcare Group Securitization Trust, Series 2023-B, <br> Class C <sup>(c)</sup> | 8.150% | 12/17/36 | 3500000 | 3660463 |
| Cherry Securitization Trust, Series 2024-1A, Class A <sup>(c)</sup> | 5.700% | 04/15/32 | 13350000 | 13477023 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 12.0% (Continued)** |  |  |  |  |
| Cherry Securitization Trust, Series 2024-1A, Class C <sup>(c)</sup> | 9.310% | 04/15/32 | $2750000 | $2805321 |
| Cherry Securitization Trust, Series 2024-1A, Class D <sup>(c)</sup> | 12.280% | 04/15/32 | 11390000 | 11637172 |
| Cherry Securitization Trust, Series 2025-1A, Class A <sup>(c)</sup> | 6.130% | 11/15/32 | 18200000 | 18495555 |
| Cherry Securitization Trust, Series 2025-1A, Class D <sup>(c)</sup> | 12.690% | 11/15/32 | 14000000 | 14427536 |
| Freedom Financial Trust, Series 2022-3FP, Class D <sup>(c)</sup> | 7.360% | 08/20/29 | 4741415 | 4770971 |
| Freedom Financial Trust, Series 2022-4FP, Class D <sup>(c)</sup> | 7.400% | 12/18/29 | 9250274 | 9308367 |
| LendingPoint Asset Securitization, Series 2022-C, Class C <sup>(c)</sup> | 8.680% | 02/15/30 | 3933912 | 3914693 |
| LendingPoint Asset Securitization, Series 2022-C, Class D <sup>(c)</sup> | 10.730% | 02/15/30 | 4920000 | 960886 |
| Lendmark Funding Trust, Series 2020-2, Class B <sup>(c)</sup> | 3.540% | 04/21/31 | 2000000 | 1956171 |
| Lendmark Funding Trust, Series 2020-2A, Class C <sup>(c)</sup> | 4.690% | 04/21/31 | 1000000 | 982305 |
| Lendmark Funding Trust, Series 2025-2A, Class D <sup>(c)</sup> | 5.980% | 10/20/34 | 10400000 | 10462363 |
| Mariner Finance Issuance Trust, Series 2021-AA, Class D <sup>(c)</sup> | 4.340% | 03/20/36 | 1850000 | 1786109 |
| Mariner Finance Issuance Trust, Series 2024-AA, Class B <sup>(c)</sup> | 5.680% | 09/22/36 | 4000000 | 4076592 |
| Mariner Finance Issuance Trust, Series 2024-AA, Class C <sup>(c)</sup> | 6.000% | 09/22/36 | 3000000 | 3066713 |
| Oportun Funding, LLC, Series 2024-3, Class D <sup>(c)</sup> | 9.600% | 08/15/29 | 8300000 | 8534866 |
| Oportun Funding, LLC, Series 2024-1A, Class C <sup>(c)</sup> | 7.421% | 04/08/31 | 1000000 | 1003389 |
| Oportun Funding, LLC, Series 2024-1A, Class D <sup>(c)</sup> | 12.072% | 04/08/31 | 12250000 | 12675472 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 12.0% (Continued)** |  |  |  |  |
| Oportun Funding, LLC, Series 2021-B, Class A <sup>(c)</sup> | 1.470% | 05/08/31 | $1595024 | $1562840 |
| Oportun Funding, LLC, Series 2021-B, Class D <sup>(c)</sup> | 5.410% | 05/08/31 | 3204697 | 3178568 |
| Oportun Funding, LLC, Series 2021-C, Class A <sup>(c)</sup> | 2.180% | 10/08/31 | 7828088 | 7680429 |
| Oportun Funding, LLC, Series 2021-C, Class B <sup>(c)</sup> | 2.670% | 10/08/31 | 5815151 | 5714058 |
| Oportun Funding, LLC, Series 2021-C, Class C <sup>(c)</sup> | 3.610% | 10/08/31 | 3802214 | 3752955 |
| Oportun Funding, LLC, Series 2021-C, Class D <sup>(c)</sup> | 5.570% | 10/08/31 | 2806929 | 2775552 |
| Oportun Funding, LLC, Series 2024-2, Class D <sup>(c)</sup> | 10.470% | 02/09/32 | 8000000 | 8350115 |
| Oportun Funding, LLC, Series 2025-1, Class B <sup>(c)</sup> | 5.240% | 08/16/32 | 3122000 | 3137356 |
| Oportun Funding, LLC, Series 2025-1, Class D <sup>(c)</sup> | 8.270% | 08/16/32 | 4500000 | 4552238 |
| Oportun Funding, LLC, Series 2025-A, Class D <sup>(c)</sup> | 7.250% | 02/08/33 | 6500000 | 6512868 |
| Oportun Funding, LLC, Series 2025-A, Class E <sup>(c)</sup> | 10.000% | 02/08/33 | 8500000 | 8537261 |
| Oportun Funding, LLC, Series 2025-B, Class E <sup>(c)</sup> | 9.400% | 05/09/33 | 7250000 | 7323050 |
| Oportun Funding, LLC, Series 2025-C, Class D <sup>(c)</sup> | 5.910% | 07/08/33 | 13900000 | 13957069 |
| Pagaya AI Debt Selection Trust, Series 2024-1, Class A <sup>(c)</sup> | 6.660% | 07/15/31 | 824149 | 829555 |
| Pagaya AI Debt Selection Trust, Series 2024-1, Class C <sup>(c)</sup> | 8.344% | 07/15/31 | 3716405 | 3761530 |
| Pagaya AI Debt Selection Trust, Series 2024-2, Class A <sup>(c)</sup> | 6.319% | 08/15/31 | 1697237 | 1708335 |
| Pagaya AI Debt Selection Trust, Series 2024-2, Class B <sup>(c)</sup> | 6.611% | 08/15/31 | 6034301 | 6079914 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 12.0% (Continued)** |  |  |  |  |
| Pagaya AI Debt Selection Trust, Series 2024-2, Class C <sup>(c)</sup> | 7.573% | 08/15/31 | $7721825 | $7798218 |
| Pagaya AI Debt Selection Trust, Series 2024-3, Class C <sup>(c)</sup> | 7.297% | 10/15/31 | 4375924 | 4416944 |
| Pagaya AI Debt Selection Trust, Series 2025-R1, Class E <sup>(c)</sup> | 12.105% | 06/15/32 | 3000000 | 3020887 |
| Pagaya AI Debt Selection Trust, Series 2025-1, Class D <sup>(c)</sup> | 6.282% | 07/15/32 | 11798993 | 11920155 |
| Pagaya AI Debt Selection Trust, Series 2024-11, Class D <sup>(c)</sup> | 6.307% | 07/15/32 | 15573211 | 15637873 |
| Pagaya AI Debt Selection Trust, Series 2025-1, Class E <sup>(c)</sup> | 10.079% | 07/15/32 | 6999402 | 7109068 |
| Pagaya AI Debt Selection Trust, Series 2025-3, Class E <sup>(c)</sup> | 12.626% | 12/15/32 | 7498485 | 7702289 |
| Pagaya AI Debt Selection Trust, Series 2025-4, Class C <sup>(c)</sup> | 6.146% | 01/17/33 | 13000000 | 13225870 |
| Pagaya AI Debt Selection Trust, Series 2025-4, Class D <sup>(c)</sup> | 6.572% | 01/17/33 | 6900000 | 7041078 |
| Pagaya AI Debt Selection Trust, Series 2025-5, Class B <sup>(c)</sup> | 5.440% | 03/15/33 | 24500000 | 24695424 |
| Pagaya AI Debt Selection Trust, Series 2025-6, Class B <sup>(c)</sup> | 4.883% | 04/15/33 | 16275000 | 16262773 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class A <sup>(c)</sup> | 5.715% | 01/20/34 | 14400000 | 14568614 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class E <sup>(c)</sup> | 11.276% | 01/20/34 | 2650000 | 2735943 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class F <sup>(c)</sup> | 12.000% | 01/20/34 | 2600000 | 2444312 |
| Prosper Marketplace Issuance Trust, Series 2023-1, Class D <sup>(c)</sup> | 11.240% | 07/16/29 | 1900000 | 1965249 |
| Purchasing Power Funding, Series 2024-A, Class C <sup>(c)</sup> | 6.800% | 08/15/28 | 8820000 | 8924798 |
| Purchasing Power Funding, Series 2024-A, Class E <sup>(c)</sup> | 10.180% | 08/15/28 | 2200000 | 2234225 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 12.0% (Continued)** |  |  |  |  |
| Reach Financial, LLC, Series 2024-1A, Class B <sup>(c)</sup> | 6.290% | 02/18/31 | $3500000 | $3533579 |
| Reach Financial, LLC, Series 2024-1A, Class C <sup>(c)</sup> | 6.900% | 02/18/31 | 3450000 | 3556619 |
| Reach Financial, LLC, Series 2023-1A, Class C <sup>(c)</sup> | 8.450% | 02/18/31 | 14020000 | 14289132 |
| Reach Financial, LLC, Series 2024-2A, Class C <sup>(c)</sup> | 6.130% | 07/15/31 | 3000000 | 3076200 |
| Reach Financial, LLC, Series 2025-1A, Class B <sup>(c)</sup> | 5.340% | 08/16/32 | 5700000 | 5784764 |
| Reach Financial, LLC, Series 2025-1A, Class C <sup>(c)</sup> | 5.990% | 08/16/32 | 2500000 | 2544910 |
| Regional Management Issuance Trust, Series 2021-1, Class C <sup>(c)</sup> | 3.040% | 03/17/31 | 4484968 | 4465062 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST2, Class NT <sup>(c)</sup> | 6.110% | 06/15/32 | 15635575 | 15818371 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class A <sup>(c)</sup> | 4.794% | 09/15/32 | 10457558 | 10482724 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class B <sup>(c)</sup> | 5.254% | 09/15/32 | 9250000 | 9277151 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class C <sup>(c)</sup> | 5.923% | 09/15/32 | 19300000 | 19443544 |
| Upgrade Receivables Trust, Series 2024-1A, Class C <sup>(c)</sup> | 6.470% | 01/15/31 | 8875000 | 8970562 |
| Upstart Pass-Through Trust, Series 2021-ST4, Class A <sup>(c)</sup> | 2.000% | 07/20/27 | 163427 | 163142 |
| Upstart Pass-Through Trust, Series 2022-ST3, Class A <sup>(c)</sup> | 4.300% | 05/20/30 | 3710756 | 3697572 |
| Upstart Securitization Trust, Series 2025-3, Class C <sup>(c)</sup> | 5.430% | 09/20/35 | 10300000 | 10265567 |
| Upstart Structured Pass-Through Trust, Series 2022-2A, Class A <sup>(c)</sup> | 4.250% | 06/17/30 | 695859 | 693221 |

---

**Diamond Hill Short Duration Securitized Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 85.2% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 12.0% (Continued)** |  |  |  |  |
| Upstart Structured Pass-Through Trust, Series 2022-4A, Class B <sup>(c)</sup> | 8.540% | 11/15/30 | $2538617 | $2546591 |
|  |  |  |  | 558114983 |
| **Total Securitized** (Cost $3,926,691,223) |  |  |  | $3980288551 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Treasury - 4.4%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| U.S. Treasury Notes <sup>(b)</sup> | 1.625% | 02/15/26 | $20000000 | $19828906 |
| U.S. Treasury STRIPS | 0.125% | 04/15/26 | 12317700 | 12252623 |
| U.S. Treasury Notes | 3.625% | 05/15/26 | 15000000 | 14979434 |
| U.S. Treasury Notes | 3.750% | 08/31/26 | 25000000 | 25000781 |
| U.S. Treasury Notes | 4.375% | 12/15/26 | 15000000 | 15117188 |
| U.S. Treasury Notes | 2.250% | 02/15/27 | 10000000 | 9808984 |
| U.S. Treasury Notes <sup>(b)</sup> | 4.500% | 05/15/27 | 20000000 | 20260938 |
| U.S. Treasury Notes <sup>(b)</sup> | 2.250% | 08/15/27 | 50000000 | 48759766 |
| U.S. Treasury Notes | 3.875% | 10/15/27 | 20000000 | 20098438 |
| U.S. Treasury Notes | 1.250% | 09/30/28 | 20000000 | 18654688 |
| **Total Treasury** (Cost $203,816,244) |  |  |  | $204761746 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 11.1%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(g)</sup> | 486975976 | $486975976 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(g)(h)</sup> | 30069623 | 30069623 |
| **Total Registered Investment Companies** (Cost $517,045,599) |  | $517045599 |
| **Total Investment Securities - 102.2%** (Cost $4,714,946,675) |  | $4770143546 |
| **Liabilities in Excess of Other Assets - (2.2)%** |  | (100102205) |
| **Net Assets - 100.0%** |  | $4670041341 |

---

<sup>(a)</sup> Variable rate security. The rate shown is the effective interest rate as of September 30, 2025. The benchmark on which the rate is calculated is shown parenthetically, if applicable. Certain variable rate securities are not based on a published rate and spread but are determined by the issuer or agent and may be based on index changes, prerepayment of underlying positions and/or other variables. These securities do not indicate a reference rate and spread in their description above.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $66,482,273.

<sup>(c)</sup> Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of September 30, 2025 was $3,616,715,611, representing 77.4% of net assets.

<sup>(d)</sup> Percentage rounds to less than 0.1%.

<sup>(e)</sup> Illiquid security as determined under procedures approved by the Board of Trustees. The total fair value of these securities as of September 30, 2025 was $40,131,342 representing 0.9% of net assets.

<sup>(f)</sup> Non-income producing security - security in default.

<sup>(g)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(h)</sup> This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $38,311,613.

IO - Interest Only

NA - National Association

plc - Public Limited Company

PO - Principal Only

Prime - Short-term interest rate in the banking system of the U.S.

SOFR - Secured Overnight Financing Rate

TSFR - CME Term SOFR

**Diamond Hill Securitized Total Return Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 99.5%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 1.9%** | **ABS-Other - 1.9%** | **ABS-Other - 1.9%** | | |
| Service Experts Issuer, Series 2025-1A, Class B <sup>(a)</sup> | 7.620% | 01/20/37 | $350000 | $352896 |
| US Bank NA, Series 2025-SUP2, Class E (1\* SOFR30A + 370) <sup>(a)(b)</sup> | 8.086% | 09/25/32 | 250000 | 250292 |
|  |  |  |  | 603188 |
| **Agency MBS CMO - 53.5%** |  |  |  |  |
| FHLMC, Series 4434, Class HZ | 3.000% | 06/15/37 | 616542 | 512355 |
| FHLMC, Series 4045, Class PE | 3.500% | 05/15/42 | 360000 | 326221 |
| FHLMC, Series 4158, Class CA | 1.500% | 12/15/42 | 188674 | 164108 |
| FHLMC, Series 4152, Class GW | 2.500% | 01/15/43 | 877077 | 710894 |
| FHLMC, Series 4210, Class Z | 3.000% | 05/15/43 | 153771 | 129023 |
| FHLMC, Series 4425, Class TA | 2.000% | 01/15/45 | 1402580 | 1215985 |
| FHLMC, Series 5151, Class WN | 2.000% | 10/25/50 | 222898 | 125131 |
| FHLMC, Series 5071, Class ZT | 1.500% | 02/25/51 | 1612529 | 688516 |
| FHLMC, Series 5131, Class JL | 1.000% | 08/25/51 | 616118 | 470058 |
| FNMA, Series 2020-44, Class EG | 2.000% | 09/25/42 | 1131805 | 977881 |
| FNMA, Series 2012-103, Class ZP | 3.000% | 09/25/42 | 1333143 | 1038130 |
| FNMA, Series 2012-152, Class TC | 2.500% | 01/25/43 | 222000 | 174429 |
| FNMA, Series 2017-87, Class EA | 3.000% | 04/25/44 | 1717250 | 1578490 |
| FNMA, Series 2016-61, Class ML | 3.000% | 09/25/46 | 400000 | 337111 |
| FNMA, Series 2017-48, Class LH | 2.500% | 05/25/47 | 292910 | 259373 |
| FNMA, Series 2018-28, Class CA | 3.000% | 05/25/48 | 181854 | 163072 |
| FNMA, Series 2018-95, Class B | 3.500% | 01/25/49 | 1732140 | 1583107 |
| FNMA, Series 2020-92, Class NB | 1.000% | 05/25/50 | 378367 | 288928 |
| FNMA, Series 2021-6, Class KU | 1.500% | 02/25/51 | 144361 | 82996 |
| FNMA, Series 2022-10, Class CK | 2.250% | 02/25/52 | 119120 | 71734 |
| FNMA, Series 2019-22, Class BA | 3.500% | 12/25/58 | 524107 | 496610 |
| GNMA, Series 2009-54, Class Z | 6.000% | 07/16/39 | 921052 | 966213 |
| GNMA, Series 2012-97, Class CB | 2.500% | 08/16/42 | 723383 | 605832 |
| GNMA, Series 2012-143, Class QD | 1.500% | 10/20/42 | 207711 | 183959 |
| GNMA, Series 2012-129, Class PE | 2.000% | 11/16/42 | 250000 | 200264 |
| GNMA, Series 2016-19, Class AC | 3.000% | 02/20/46 | 132000 | 110824 |
| GNMA, Series 2020-123, Class EA | 1.000% | 08/20/50 | 176981 | 98875 |
| GNMA, Series 2021-24, Class QD | 1.250% | 08/20/50 | 377833 | 297566 |
| GNMA, Series 2020-123, Class PB | 2.250% | 08/20/50 | 502692 | 415474 |

---

**Diamond Hill Securitized Total Return Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 99.5% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 53.5% (Continued)** |  |  |  |  |
| GNMA, Series 2020-134, Class XL | 1.000% | 09/20/50 | $199999 | $94246 |
| GNMA, Series 2020-138, Class NU | 1.500% | 09/20/50 | 129644 | 72337 |
| GNMA, Series 2020-183, Class AY | 2.000% | 11/20/50 | 777628 | 635169 |
| GNMA, Series 2021-8, Class DG | 1.500% | 01/20/51 | 1061997 | 830432 |
| GNMA, Series 2021-87, Class DB | 2.000% | 05/20/51 | 711393 | 617045 |
|  |  |  |  | 16522388 |
| **Agency MBS CMO Derivatives - 4.0%** |  |  |  |  |
| FHLMC, Series 5092, Class KS (IO) (-1\* SOFR30A + 330) <sup>(b)</sup> | 0.000% | 03/25/51 | 640881 | 241802 |
| FNMA, Series 2012-128, Class SH (IO) (-1\* SOFR + 400) <sup>(b)</sup> | 0.000% | 11/25/42 | 146435 | 103264 |
| FNMA, Series 2012-133, Class WS (-.83\* SOFR30A + 391) <sup>(b)</sup> | 0.075% | 12/25/42 | 134430 | 80994 |
| GNMA, Series 2011-7, Class LS (IO) | 0.970% | 12/20/40 | 943133 | 819426 |
|  |  |  |  | 1245486 |
| **Agency MBS Passthrough - 3.9%** |  |  |  |  |
| FHLMC, Pool #SD2217 | 6.000% | 01/01/53 | 401338 | 415876 |
| GNMA, Series 2020-16, Class MD | 2.750% | 02/20/50 | 683571 | 570835 |
| GNMA, Pool #MA9367 | 8.000% | 12/20/53 | 198294 | 207425 |
|  |  |  |  | 1194136 |
| **Auto Loan - 2.3%** |  |  |  |  |
| ACM Auto Trust, Series 2025-3A, Class B <sup>(a)</sup> | 6.080% | 07/20/32 | 150000 | 145919 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, <br> Class D <sup>(a)</sup> | 5.820% | 01/15/32 | 175000 | 175429 |
| Huntington National Bank (The), Series 2025-2, Class B1 <sup>(a)</sup> | 4.835% | 09/20/33 | 96920 | 97158 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-5A, <br> Class D <sup>(a)</sup> | 6.012% | 06/26/34 | 100000 | 100000 |
| Western Funding Auto Loan Trust, Series 2025-1, Class D <sup>(a)</sup> | 5.790% | 01/15/36 | 200000 | 202245 |
|  |  |  |  | 720751 |
| **CRE/CLO - 2.5%** |  |  |  |  |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2021-FL3, <br> Class C (1\* TSFR1M + 196) <sup>(a)(b)</sup> | 6.115% | 08/15/34 | 300000 | 298980 |

---

**Diamond Hill Securitized Total Return Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 99.5% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **CRE/CLO - 2.5% (Continued)** |  |  |  |  |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class C (1\* TSFR1M + 369) <sup>(a)(b)</sup> | 8.027% | 01/18/41 | $270000 | $269866 |
| Arbor Realty Commerical Real Estate Notes, Series 2025-FL1, Class C (1\* TSFR1M + 269) <sup>(a)(b)</sup> | 7.033% | 08/20/42 | 100000 | 99942 |
| BXMT Ltd., Series 2020-FL3, Class C (1\* TSFR1M + 316) <sup>(a)(b)</sup> | 7.528% | 11/15/37 | 100000 | 98054 |
|  |  |  |  | 766842 |
| **Equipment - 0.9%** |  |  |  |  |
| MMP Capital, LLC, Series 2025-A, Class A <sup>(a)</sup> | 5.360% | 12/15/31 | 114765 | 115633 |
| NMEF Funding, LLC, Series 2022-B, Class C <sup>(a)</sup> | 8.540% | 06/15/29 | 150000 | 153873 |
|  |  |  |  | 269506 |
| **HECM - 6.5%** |  |  |  |  |
| Brean Asset Backed Securities Trust, Series 2025-RM12, Class A2 <sup>(a)</sup> | 4.500% | 07/25/65 | 250000 | 235780 |
| Brean Asset Backed Securities Trust, Series 2025-RM12, Class M3 <sup>(a)</sup> | 4.500% | 07/25/65 | 125861 | 101396 |
| Onity Loan Investment Trust, Series 2025-HB1, Class A <sup>(a)</sup> | 3.000% | 06/25/38 | 196082 | 191375 |
| Onity Loan Investment Trust, Series 2025-HB1, Class M4 <sup>(a)</sup> | 3.000% | 06/25/38 | 500000 | 417467 |
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M4 <sup>(a)</sup> | 4.704% | 11/25/31 | 920000 | 874091 |
| RMF Proprietary Issuance Trust II, Series 2022-1, Class M1 <sup>(a)</sup> | 3.000% | 01/25/62 | 200000 | 185460 |
|  |  |  |  | 2005569 |
| **Hospitality - 0.7%** |  |  |  |  |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class B <br> (1\* TSFR1M + 255) <sup>(a)(b)</sup> | 6.700% | 08/15/42 | 100000 | 100063 |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class C <br> (1\* TSFR1M + 330) <sup>(a)(b)</sup> | 7.450% | 08/15/42 | 125000 | 125078 |
|  |  |  |  | 225141 |

---

**Diamond Hill Securitized Total Return Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 99.5% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Industrial - 1.6%** | **Industrial - 1.6%** | **Industrial - 1.6%** | | |
| BX Trust, Series 2025-VLT7, Class D (1\* TSFR1M + 325) <sup>(a)(b)</sup> | 7.400% | 07/15/27 | $150000 | $151125 |
| BX Trust, Series 2025-BCAT, Class D (1\* TSFR1M + 265) <sup>(a)(b)</sup> | 7.000% | 08/15/42 | 95828 | 96095 |
| DK Trust, Series 2025-LXP, Class C <sup>(a)</sup> | 6.592% | 08/15/37 | 150000 | 150141 |
| DK Trust, Series 2025-LXP, Class D <sup>(a)</sup> | 7.241% | 08/15/37 | 100000 | 100125 |
|  |  |  |  | 497486 |
| **Laboratory - 3.4%** |  |  |  |  |
| Commercial Mortgage Trust, Series 2020-CX, Class B <sup>(a)</sup> | 2.446% | 11/10/46 | 200000 | 170131 |
| Life Financial Services Trust, Series 2021-BMR, Class D <br> (1\* TSFR1M + 151) <sup>(a)(b)</sup> | 5.664% | 03/15/38 | 143500 | 142603 |
| Life Financial Services Trust, Series 2022-BMR2, Class A1<br> (1\* TSFR1M + 130) <sup>(a)(b)</sup> | 5.445% | 05/15/39 | 250000 | 243125 |
| Life Financial Services Trust, Series 2022-BMR2, Class C <br> (1\* TSFR1M + 209) <sup>(a)(b)</sup> | 6.243% | 05/15/39 | 195000 | 178181 |
| VRTX Trust, Series 2025-HQ, Class D <sup>(a)</sup> | 6.815% | 09/05/30 | 300000 | 305374 |
|  |  |  |  | 1039414 |
| **Multifamily - 3.1%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-AIRC, Class D <br> (1\* TSFR1M + 309) <sup>(a)(b)</sup> | 7.239% | 08/15/39 | 187239 | 187706 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN2, Class M2<br> (1\* SOFR30A + 335) <sup>(a)(b)</sup> | 7.706% | 07/25/41 | 263014 | 264966 |
| MultiFamily Structured Credit Risk Notes, Series 2025-MN10, Class M-1<br> (1\* SOFR30A + 205) <sup>(a)(b)</sup> | 6.405% | 02/25/45 | 222592 | 220759 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN3, Class M-1<br> (1\* SOFR + 230) <sup>(a)(b)</sup> | 6.656% | 11/25/51 | 271360 | 271828 |
|  |  |  |  | 945259 |
| **Non-Agency MBS 2.0 - 0.5%** |  |  |  |  |
| Redwood Funding Trust, Series 2025-3, Class B <sup>(a)</sup> | 7.749% | 12/27/56 | 150000 | 149900 |

---

**Diamond Hill Securitized Total Return Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 99.5% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Office - 3.7%** | **Office - 3.7%** | **Office - 3.7%** | | |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2016-SS1, Class A <sup>(a)</sup> | 3.665% | 12/15/35 | $250000 | $235468 |
| Banc of America Merrill Lynch Commerical Mortgage, Series 2020-BOC, Class D <sup>(a)</sup> | 3.289% | 01/15/32 | 250000 | 188524 |
| NYC Commercial Mortgage Trust, Series 2025-3BP, Class B <br> (1\* TSFR1M + 169) <sup>(a)(b)</sup> | 5.842% | 02/15/42 | 290000 | 289754 |
| NYT Mortgage Trust, Series 2019-NYT, Class C <br> (1\* TSFR1M + 200) <sup>(a)(b)</sup> | 6.361% | 12/15/35 | 200000 | 194262 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class D <sup>(a)</sup> | 8.623% | 09/15/40 | 250000 | 252319 |
|  |  |  |  | 1160327 |
| **Residential Transition Loan - 3.1%** |  |  |  |  |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A1 <sup>(a)</sup> | 6.456% | 05/25/40 | 250000 | 253571 |
| Fidelis Mortgage Trust, Series 2025-RTL2, Class A2 <sup>(a)</sup> | 6.060% | 07/25/40 | 350000 | 352293 |
| Fidelis Mortgage Trust, Series 2025-RTL2, Class B <sup>(a)</sup> | 8.400% | 07/25/40 | 150000 | 146515 |
| LHOME Mortgage Trust, Series 2025-RTL1, Class A2 <sup>(a)</sup> | 5.952% | 01/25/40 | 200000 | 201395 |
|  |  |  |  | 953774 |
| **Retail - 1.3%** |  |  |  |  |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class C <br> (1\* SOFR + 180) <sup>(a)(b)</sup> | 6.165% | 02/15/40 | 200000 | 200429 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class D <br> (1\* SOFR + 250) <sup>(a)(b)</sup> | 6.865% | 02/15/40 | 200000 | 199891 |
|  |  |  |  | 400320 |
| **Second Lien - 1.8%** |  |  |  |  |
| Point Securitization Trust, Series 2023-1, Class A1 <sup>(a)</sup> | 6.500% | 11/25/53 | 269280 | 269511 |
| Point Securitization Trust, Series 2024-1, Class A1 <sup>(a)</sup> | 6.500% | 06/25/54 | 290282 | 290360 |
|  |  |  |  | 559871 |

---

**Diamond Hill Securitized Total Return Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 99.5% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Small Business - 0.5%** |  |  |  |  |
| CPC Asset Securitization, LLC, Series 2025-1A, Class A <sup>(a)</sup> | 5.780% | 07/15/31 | $150000 | $151448 |
| **Unsecured Consumer - 4.3%** |  |  |  |  |
| Cherry Securitization Trust, Series 2025-1A, Class A <sup>(a)</sup> | 6.130% | 11/15/32 | 300000 | 304872 |
| Lendmark Funding Trust, Series 2025-2A, Class D <sup>(a)</sup> | 5.980% | 10/20/34 | 220000 | 221319 |
| Oportun Funding, LLC, Series 2025-C, Class D <sup>(a)</sup> | 5.910% | 07/08/33 | 100000 | 100411 |
| Pagaya AI Debt Selection Trust, Series 2025-5, Class B <sup>(a)</sup> | 5.440% | 03/15/33 | 150000 | 151196 |
| RCKT Trust, Series 2025-1A, Class D <sup>(a)</sup> | 5.420% | 07/25/34 | 150000 | 151008 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class B <sup>(a)</sup> | 5.254% | 09/15/32 | 150000 | 150440 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class C <sup>(a)</sup> | 5.923% | 09/15/32 | 250000 | 251859 |
|  |  |  |  | 1331105 |
| **Total Securitized** (Cost $30,150,879) |  |  |  | $30741911 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 0.6%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> (Cost $167,125) | 167125 | $167125 |
| **Total Investment Securities - 100.1%** (Cost $30,318,004) |  | $30909036 |
| **Liabilities in Excess of Other Assets - (0.1)%** |  | (21030) |
| **Net Assets - 100.0%** |  | $30888006 |

---

<sup>(a)</sup> Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of September 30, 2025 was $11,779,901, representing 38.1% of net assets.

<sup>(b)</sup> Variable rate security. The rate shown is the effective interest rate as of September 30, 2025. The benchmark on which the rate is calculated is shown parenthetically, if applicable. Certain variable rate securities are not based on a published rate and spread but are determined by the issuer or agent and may be based on index changes, prerepayment of underlying positions and/or other variables. These securities do not indicate a reference rate and spread in their description above.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

IO - Interest Only

NA - National Association

SOFR - Secured Overnight Financing Rate

TSFR - CME Term SOFR

**Diamond Hill Core Bond Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Banking - 5.3%** | **Banking - 5.3%** | **Banking - 5.3%** | | |
| American Express Co. | 5.282% | 07/27/29 | $400000 | $412549 |
| American Express Co. <sup>(a)</sup> | 5.532% | 04/25/30 | 325000 | 339602 |
| American Express Co. <sup>(b)</sup> | 5.085% | 01/30/31 | 925000 | 953662 |
| American Express Co. | 5.284% | 07/26/35 | 825000 | 851575 |
| Bank of America Corp. | 3.194% | 07/23/30 | 3250000 | 3130392 |
| Bank of America Corp. (1\* TSFR3M + 145) <sup>(b)</sup> | 2.884% | 10/22/30 | 2300000 | 2182989 |
| Bank of America Corp. (1\* SOFR + 215) <sup>(b)</sup> | 2.592% | 04/29/31 | 450000 | 417009 |
| Bank of America Corp., Class B (1\* SOFR + 153) <sup>(a)(b)</sup> | 1.898% | 07/23/31 | 3000000 | 2679633 |
| Bank of America Corp. <sup>(b)</sup> | 2.687% | 04/22/32 | 7125000 | 6490734 |
| Bank of America Corp. <sup>(b)</sup> | 4.571% | 04/27/33 | 1700000 | 1699649 |
| Bank of America Corp. <sup>(b)</sup> | 5.468% | 01/23/35 | 250000 | 261058 |
| Bank of Montreal France | 0.949% | 01/22/27 | 630000 | 623080 |
| Bank of New York Mellon Corp. (The), Series J | 6.317% | 10/25/29 | 2150000 | 2287968 |
| Bank of New York Mellon Corp. (The) (1\* SOFR + 207) <sup>(b)</sup> | 5.834% | 10/25/33 | 500000 | 538526 |
| Bank of New York Mellon Corp. (The), Series J | 5.316% | 06/06/36 | 1700000 | 1758953 |
| Capital One Financial Corp. | 1.878% | 11/02/27 | 1000000 | 974372 |
| Capital One Financial Corp. | 3.273% | 03/01/30 | 400000 | 385484 |
| Capital One Financial Corp. <sup>(b)</sup> | 6.377% | 06/08/34 | 500000 | 540837 |
| Capital One Financial Corp. | 5.197% | 09/11/36 | 890000 | 880211 |
| Citibank NA | 5.570% | 04/30/34 | 1750000 | 1854633 |
| Citigroup, Inc. <sup>(b)</sup> | 5.174% | 02/13/30 | 500000 | 512908 |
| Citigroup, Inc. (1\* SOFR + 142) <sup>(b)</sup> | 2.976% | 11/05/30 | 3380000 | 3199648 |
| Citigroup, Inc. <sup>(b)</sup> | 2.666% | 01/29/31 | 4537000 | 4217489 |
| Citigroup, Inc. (1\* SOFR + 211) <sup>(b)</sup> | 2.572% | 06/03/31 | 4175000 | 3841370 |
| Citigroup, Inc. <sup>(b)</sup> | 2.561% | 05/01/32 | 1550000 | 1397013 |
| Citigroup, Inc. <sup>(b)</sup> | 3.057% | 01/25/33 | 2250000 | 2048356 |
| Citizens Bank NA | 4.575% | 08/09/28 | 1350000 | 1357876 |
| Comerica, Inc. <sup>(a)(b)</sup> | 5.982% | 01/30/30 | 2850000 | 2965842 |
| Discover Bank | 3.450% | 07/27/26 | 1500000 | 1491022 |
| Discover Bank <sup>(a)</sup> | 4.650% | 09/13/28 | 1683000 | 1703197 |
| Fifth Third Bancorp | 1.707% | 11/01/27 | 450000 | 437335 |
| Fifth Third Bancorp | 6.361% | 10/27/28 | 500000 | 521369 |
| Fifth Third Bancorp (1\* SOFR + 234) <sup>(b)</sup> | 6.339% | 07/27/29 | 750000 | 790249 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Banking - 5.3% (Continued)** |  |  |  |  |
| First Horizon Bank <sup>(a)</sup> | 5.750% | 05/01/30 | $250000 | $257926 |
| Goldman Sachs Group, Inc. (The) (1\* SOFR + 79) <sup>(b)</sup> | 1.093% | 12/09/26 | 950000 | 944049 |
| Goldman Sachs Group, Inc. (The) | 1.948% | 10/21/27 | 1000000 | 976464 |
| Goldman Sachs Group, Inc. (The) | 2.600% | 02/07/30 | 500000 | 468339 |
| Goldman Sachs Group, Inc. (The) <sup>(b)</sup> | 5.207% | 01/28/31 | 1800000 | 1858109 |
| Goldman Sachs Group, Inc. (The) <sup>(b)</sup> | 1.992% | 01/27/32 | 4550000 | 4015061 |
| Goldman Sachs Group, Inc. (The) (1\* SOFR + 128) <sup>(b)</sup> | 2.615% | 04/22/32 | 9175000 | 8323736 |
| HSBC Holdings plc | 5.597% | 05/17/28 | 3100000 | 3165102 |
| HSBC Holdings plc <sup>(b)</sup> | 5.450% | 03/03/36 | 1000000 | 1031960 |
| Huntington Bancshares, Inc. <sup>(b)</sup> | 6.208% | 08/21/29 | 750000 | 789328 |
| Huntington Bancshares, Inc. <sup>(a)</sup> | 5.023% | 05/17/33 | 400000 | 402719 |
| JPMorgan Chase & Co. (1\* SOFR + 80) <sup>(b)</sup> | 1.045% | 11/19/26 | 500000 | 497760 |
| JPMorgan Chase & Co. (1\* SOFR + 89) <sup>(b)</sup> | 1.578% | 04/22/27 | 400000 | 394252 |
| JPMorgan Chase & Co. <sup>(b)</sup> | 1.470% | 09/22/27 | 1350000 | 1315967 |
| JPMorgan Chase & Co. | 5.040% | 01/23/28 | 1000000 | 1011342 |
| JPMorgan Chase & Co. (1\* TSFR3M + 121) <sup>(b)</sup> | 3.509% | 01/23/29 | 3110000 | 3069030 |
| JPMorgan Chase & Co. (1\* SOFR + 115) <sup>(b)</sup> | 2.069% | 06/01/29 | 1250000 | 1186100 |
| JPMorgan Chase & Co. <sup>(b)</sup> | 3.702% | 05/06/30 | 1500000 | 1474200 |
| JPMorgan Chase & Co. (1\* SOFR + 151) <sup>(b)</sup> | 2.739% | 10/15/30 | 1850000 | 1747140 |
| JPMorgan Chase & Co. <sup>(a)</sup> | 4.603% | 10/22/30 | 1900000 | 1922214 |
| JPMorgan Chase & Co. <sup>(b)</sup> | 2.545% | 11/08/32 | 475000 | 426037 |
| JPMorgan Chase & Co. <sup>(a)(b)</sup> | 2.963% | 01/25/33 | 8275000 | 7570333 |
| JPMorgan Chase & Co. <sup>(a)(b)</sup> | 5.294% | 07/22/35 | 950000 | 981231 |
| KeyBank NA | 4.700% | 01/26/26 | 250000 | 250151 |
| KeyBank NA | 5.000% | 01/26/33 | 5900000 | 5938014 |
| KeyCorp | 4.789% | 06/01/33 | 300000 | 298985 |
| M&T Bank Trust Co. | 5.400% | 11/21/25 | 600000 | 600359 |
| Morgan Stanley, Series I <sup>(b)</sup> | 5.230% | 01/15/31 | 875000 | 903131 |
| Morgan Stanley, Series GMTN (1\* SOFR + 114) <sup>(b)</sup> | 2.699% | 01/22/31 | 9900000 | 9250901 |
| Morgan Stanley (SOFR + 312) <sup>(a)(b)</sup> | 3.622% | 04/01/31 | 2500000 | 2425758 |
| Morgan Stanley (1\* SOFR + 103) <sup>(b)</sup> | 1.794% | 02/13/32 | 3750000 | 3270668 |
| Morgan Stanley <sup>(b)</sup> | 1.928% | 04/28/32 | 750000 | 654546 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Banking - 5.3% (Continued)** |  |  |  |  |
| Morgan Stanley <sup>(b)</sup> | 2.239% | 07/21/32 | $1000000 | $883194 |
| Morgan Stanley Private Bank | 4.466% | 07/06/28 | 2000000 | 2011215 |
| PNC Bank NA | 2.700% | 10/22/29 | 250000 | 235209 |
| PNC Financial Services Group, Inc. (The) | 2.600% | 07/23/26 | 250000 | 247190 |
| PNC Financial Services Group, Inc. (The) <sup>(a)</sup> | 5.300% | 01/21/28 | 1000000 | 1014822 |
| PNC Financial Services Group, Inc. (The) <sup>(b)</sup> | 5.582% | 06/12/29 | 500000 | 518116 |
| PNC Financial Services Group, Inc. (The) <sup>(b)</sup> | 6.037% | 10/28/33 | 850000 | 917173 |
| PNC Financial Services Group, Inc. (The) <sup>(a)</sup> | 5.939% | 08/18/34 | 1000000 | 1072642 |
| Royal Bank of Canada <sup>(a)</sup> | 4.522% | 10/18/28 | 900000 | 907446 |
| Royal Bank of Canada <sup>(b)</sup> | 4.650% | 10/18/30 | 3150000 | 3186135 |
| State Street Corp. | 5.272% | 08/03/26 | 700000 | 706632 |
| State Street Corp. | 2.623% | 02/07/33 | 258000 | 231410 |
| State Street Corp. | 4.164% | 08/04/33 | 300000 | 292771 |
| Toronto-Dominion Bank (The) | 1.200% | 06/03/26 | 1050000 | 1030574 |
| Toronto-Dominion Bank (The) | 5.156% | 01/10/28 | 500000 | 511889 |
| Toronto-Dominion Bank (The), Series C | 5.523% | 07/17/28 | 500000 | 518978 |
| Toronto-Dominion Bank (The) | 4.994% | 04/05/29 | 1000000 | 1026883 |
| Toronto-Dominion Bank (The) | 3.200% | 03/10/32 | 236000 | 219132 |
| Truist Financial Corp. | 5.900% | 10/28/26 | 250000 | 250207 |
| Truist Financial Corp. | 6.047% | 06/08/27 | 500000 | 505802 |
| Truist Financial Corp. | 4.873% | 01/26/29 | 500000 | 507523 |
| Truist Financial Corp. <sup>(b)</sup> | 1.887% | 06/07/29 | 1000000 | 942384 |
| Truist Financial Corp. <sup>(b)</sup> | 7.161% | 10/30/29 | 500000 | 541551 |
| Truist Financial Corp., Series I <sup>(a)</sup> | 5.071% | 05/20/31 | 450000 | 461382 |
| Truist Financial Corp. <sup>(a)(b)</sup> | 5.711% | 01/24/35 | 500000 | 524686 |
| US Bancorp | 2.215% | 01/27/28 | 800000 | 779382 |
| US Bancorp <sup>(a)</sup> | 4.548% | 07/22/28 | 300000 | 302272 |
| US Bancorp, Series CC <sup>(a)</sup> | 5.083% | 05/15/31 | 875000 | 899786 |
| US Bancorp <sup>(a)</sup> | 2.677% | 01/27/33 | 2750000 | 2460342 |
| US Bancorp <sup>(a)(b)</sup> | 4.839% | 02/01/34 | 1000000 | 1004379 |
| Wells Fargo & Co. (1\* SOFR + 210) <sup>(a)(b)</sup> | 2.393% | 06/02/28 | 650000 | 631868 |
| Wells Fargo & Co., Series W (1\* SOFR + 174) <sup>(a)(b)</sup> | 5.574% | 07/25/29 | 900000 | 932717 |
| Wells Fargo & Co. <sup>(a)(b)</sup> | 2.879% | 10/30/30 | 4000000 | 3787206 |
| Wells Fargo & Co., Series W (SOFR + 11100) <sup>(b)</sup> | 5.244% | 01/24/31 | 875000 | 905282 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Banking - 5.3% (Continued)** |  |  |  |  |
| Wells Fargo & Co. <sup>(b)</sup> | 2.572% | 02/11/31 | $1050000 | $975796 |
| Wells Fargo & Co. <sup>(b)</sup> | 3.350% | 03/02/33 | 2700000 | 2513362 |
| Wells Fargo & Co. <sup>(b)</sup> | 5.499% | 01/23/35 | 1000000 | 1043091 |
|  |  |  |  | 156667931 |
| **Basic Industry - 0.0% <sup>(c)</sup>** |  |  |  |  |
| Nucor Corp. <sup>(a)</sup> | 3.125% | 04/01/32 | 250000 | 230863 |
| PPG Industries, Inc. | 2.550% | 06/15/30 | 300000 | 277748 |
|  |  |  |  | 508611 |
| **Brokerage Asset Managers Exchanges - 0.1%** |  |  |  |  |
| BlackRock Funding, Inc. | 5.000% | 03/14/34 | 500000 | 515157 |
| BlackRock, Inc. <sup>(a)</sup> | 2.100% | 02/25/32 | 1625000 | 1424794 |
| Intercontinental Exchange, Inc. | 5.250% | 06/15/31 | 400000 | 419322 |
| Intercontinental Exchange, Inc. <sup>(a)</sup> | 4.950% | 06/15/52 | 875000 | 817355 |
|  |  |  |  | 3176628 |
| **Capital Goods - 0.5%** |  |  |  |  |
| Carrier Global Corp., Class B | 2.722% | 02/15/30 | 250000 | 234296 |
| Caterpillar, Inc. | 5.200% | 05/15/35 | 1650000 | 1707105 |
| Deere & Co. | 3.100% | 04/15/30 | 1725000 | 1653541 |
| John Deere Capital Corp. | 4.400% | 09/08/31 | 900000 | 906118 |
| John Deere Capital Corp. | 5.100% | 04/11/34 | 750000 | 775980 |
| Johnson Controls International plc | 5.500% | 04/19/29 | 450000 | 468493 |
| Johnson Controls International plc | 2.000% | 09/16/31 | 500000 | 435475 |
| L3Harris Technologies, Inc. <sup>(a)</sup> | 4.400% | 06/15/28 | 1710000 | 1721127 |
| Northrop Grumman Corp. | 4.900% | 06/01/34 | 900000 | 912942 |
| RTX Corp. | 6.100% | 03/15/34 | 2675000 | 2929108 |
| Waste Connections, Inc. <sup>(a)</sup> | 3.200% | 06/01/32 | 1800000 | 1666763 |
| Waste Management, Inc. | 3.875% | 01/15/29 | 1375000 | 1366334 |
|  |  |  |  | 14777282 |
| **Communications - 0.5%** |  |  |  |  |
| American Tower Corp. | 3.125% | 01/15/27 | 300000 | 295841 |
| American Tower Corp. <sup>(a)</sup> | 5.800% | 11/15/28 | 250000 | 261057 |
| American Tower Corp. | 5.200% | 02/15/29 | 500000 | 514494 |
| American Tower Corp. | 2.100% | 06/15/30 | 200000 | 180267 |
| AT&T, Inc. | 2.300% | 06/01/27 | 650000 | 630794 |
| AT&T, Inc. | 2.550% | 12/01/33 | 114000 | 97072 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Communications - 0.5% (Continued)** |  |  |  |  |
| AT&T, Inc. | 4.500% | 05/15/35 | $700000 | $676362 |
| AT&T, Inc., Class B | 3.500% | 06/01/41 | 400000 | 319751 |
| British Telecommunications plc <sup>(d)</sup> | 3.250% | 11/08/29 | 275000 | 263510 |
| Comcast Corp. | 1.950% | 01/15/31 | 1525000 | 1354557 |
| Comcast Corp. <sup>(a)</sup> | 4.950% | 05/15/32 | 425000 | 435779 |
| Comcast Corp. | 3.969% | 11/01/47 | 144000 | 112526 |
| Comcast Corp. | 5.350% | 05/15/53 | 925000 | 867367 |
| Deutsche Telekom International Finance BV <sup>(a)(d)</sup> | 4.750% | 06/21/38 | 100000 | 96424 |
| T-Mobile USA, Inc. <sup>(a)</sup> | 5.050% | 07/15/33 | 4975000 | 5081777 |
| Verizon Communications, Inc. <sup>(a)</sup> | 1.750% | 01/20/31 | 700000 | 612410 |
| Verizon Communications, Inc. | 2.550% | 03/21/31 | 1400000 | 1272894 |
| Verizon Communications, Inc. | 2.355% | 03/15/32 | 1237000 | 1084775 |
|  |  |  |  | 14157657 |
| **Consumer Cyclical - 1.4%** |  |  |  |  |
| American Honda Finance <sup>(a)</sup> | 4.250% | 09/01/28 | 1720000 | 1724350 |
| American Honda Finance <sup>(a)</sup> | 4.900% | 01/10/34 | 400000 | 402972 |
| CVS Health Corp. | 3.750% | 04/01/30 | 500000 | 484354 |
| CVS Health Corp. <sup>(a)</sup> | 5.050% | 03/25/48 | 2550000 | 2268831 |
| CVS Health Corp. <sup>(a)</sup> | 5.875% | 06/01/53 | 450000 | 442171 |
| Dollar Tree, Inc. <sup>(a)</sup> | 4.200% | 05/15/28 | 4100000 | 4089133 |
| Expedia, Inc. | 3.800% | 02/15/28 | 1250000 | 1239167 |
| Ford Motor Co., Class B | 3.250% | 02/12/32 | 1000000 | 874974 |
| Ford Motor Credit Co., LLC | 6.800% | 05/12/28 | 2000000 | 2077165 |
| General Motors Co. <sup>(a)</sup> | 5.400% | 10/15/29 | 1125000 | 1161964 |
| General Motors Financial Co., Inc., Class B | 1.500% | 06/10/26 | 700000 | 686845 |
| General Motors Financial Co., Inc. | 2.700% | 08/20/27 | 1000000 | 972034 |
| General Motors Financial Co., Inc. <sup>(a)</sup> | 5.750% | 02/08/31 | 500000 | 520922 |
| General Motors Financial Co., Inc. | 5.450% | 09/06/34 | 1700000 | 1710119 |
| Home Depot, Inc. (The) <sup>(a)</sup> | 4.950% | 06/25/34 | 750000 | 767982 |
| Home Depot, Inc. (The) | 4.200% | 04/01/43 | 1100000 | 958761 |
| Hyundai Capital America <sup>(d)</sup> | 5.250% | 01/08/27 | 400000 | 404280 |
| Hyundai Capital America <sup>(d)</sup> | 5.350% | 03/19/29 | 3110000 | 3194235 |
| Hyundai Capital America, Series A <sup>(d)</sup> | 5.300% | 01/08/30 | 875000 | 898675 |
| Hyundai Capital America <sup>(d)</sup> | 5.400% | 06/24/31 | 850000 | 875492 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Consumer Cyclical - 1.4% (Continued)** |  |  |  |  |
| Hyundai Capital America, Series A <sup>(d)</sup> | 4.750% | 09/26/31 | $400000 | $400773 |
| Lowe's Cos., Inc. | 2.625% | 04/01/31 | 950000 | 866985 |
| Lowe's Cos., Inc. | 2.800% | 09/15/41 | 3025000 | 2190322 |
| Mercedes-Benz Financing NA <sup>(d)</sup> | 4.750% | 03/31/28 | 500000 | 507097 |
| Mercedes-Benz Financing NA <sup>(a)(d)</sup> | 5.000% | 01/11/34 | 2000000 | 2023392 |
| Target Corp. | 5.000% | 04/15/35 | 3340000 | 3381592 |
| Toyota Motor Credit Corp | 4.650% | 09/03/32 | 440000 | 442997 |
| Toyota Motor Credit Corp. | 4.550% | 05/17/30 | 1450000 | 1472970 |
| Toyota Motor Credit Corp. | 5.550% | 11/20/30 | 800000 | 846894 |
| Volkswagen Group America <sup>(d)</sup> | 5.650% | 09/12/28 | 2400000 | 2473595 |
| Walmart, Inc. | 4.500% | 04/15/53 | 450000 | 403052 |
|  |  |  |  | 40764095 |
| **Consumer Non-Cyclical - 1.2%** |  |  |  |  |
| Abbott Laboratories | 4.750% | 11/30/36 | 100000 | 100916 |
| AbbVie, Inc. | 3.200% | 11/21/29 | 3900000 | 3762524 |
| AbbVie, Inc. | 4.550% | 03/15/35 | 100000 | 98440 |
| AbbVie, Inc. | 4.500% | 05/14/35 | 800000 | 785040 |
| Amgen, Inc. <sup>(a)</sup> | 4.200% | 03/01/33 | 400000 | 389004 |
| Amgen, Inc. | 5.250% | 03/02/33 | 3750000 | 3884403 |
| Amgen, Inc. | 5.600% | 03/02/43 | 425000 | 430632 |
| Anheuser-Busch InBev SA/NV | 4.700% | 02/01/36 | 2625000 | 2591669 |
| Baxter International, Inc. | 1.915% | 02/01/27 | 300000 | 290772 |
| Bristol-Myers Squibb Co. <sup>(a)</sup> | 2.950% | 03/15/32 | 300000 | 275479 |
| Bristol-Myers Squibb Co. <sup>(a)</sup> | 5.900% | 11/15/33 | 1450000 | 1576056 |
| Constellation Brands, Inc. <sup>(a)</sup> | 2.250% | 08/01/31 | 2195000 | 1934849 |
| HCA, Inc. | 3.375% | 03/15/29 | 1900000 | 1842554 |
| HCA, Inc. | 4.125% | 06/15/29 | 650000 | 644367 |
| Johnson & Johnson | 4.900% | 06/01/31 | 2175000 | 2267251 |
| Keurig Dr. Pepper, Inc. | 5.100% | 03/15/27 | 800000 | 807896 |
| Kroger Co. (The) | 3.500% | 02/01/26 | 1250000 | 1245803 |
| Kroger Co. (The) | 2.650% | 10/15/26 | 100000 | 98608 |
| Kroger Co. (The) | 1.700% | 01/15/31 | 1552000 | 1356080 |
| Laboratory Corp. of American Holdings | 1.550% | 06/01/26 | 375000 | 368708 |
| Mondelez International, Inc. <sup>(d)</sup> | 1.250% | 09/24/26 | 1600000 | 1557020 |
| Pfizer, Inc. | 7.200% | 03/15/39 | 1100000 | 1321036 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Consumer Non-Cyclical - 1.2% (Continued)** |  |  |  |  |
| Pfizer, Inc. | 5.340% | 05/19/63 | $1800000 | $1708471 |
| Phillip Morris International, Inc. | 5.500% | 09/07/30 | 1500000 | 1577172 |
| Phillip Morris International, Inc. | 5.375% | 02/15/33 | 2550000 | 2663004 |
| Roche Holdings, Inc. <sup>(a)(d)</sup> | 5.593% | 11/13/33 | 2331000 | 2502973 |
|  |  |  |  | 36080727 |
| **Electric - 1.4%** |  |  |  |  |
| American Electric Power, Inc. | 1.000% | 11/01/25 | 500000 | 498458 |
| CMS Energy Corp. | 2.950% | 02/15/27 | 100000 | 98134 |
| Commonwealth Edison Co. | 5.300% | 06/01/34 | 900000 | 939378 |
| Dominion Energy South Carolina, Inc. <sup>(a)</sup> | 6.250% | 10/15/53 | 450000 | 494760 |
| Dominion Energy, Inc. | 1.450% | 04/15/26 | 750000 | 738674 |
| DTE Electric Co. <sup>(a)</sup> | 5.200% | 04/01/33 | 450000 | 467346 |
| DTE Energy Co., Series E | 2.850% | 10/01/26 | 100000 | 98771 |
| DTE Energy Co., Series H | 2.950% | 03/01/30 | 125000 | 117516 |
| Duke Energy Corp. <sup>(a)</sup> | 4.300% | 03/15/28 | 825000 | 828836 |
| Duke Energy Corp. | 4.950% | 09/15/35 | 880000 | 874225 |
| Duke Energy Florida, LLC | 6.200% | 11/15/53 | 1000000 | 1092861 |
| Duke Energy Indiana, LLC | 2.750% | 04/01/50 | 370000 | 235018 |
| Duke Energy Ohio, Inc. | 5.250% | 04/01/33 | 250000 | 258917 |
| Duke Energy Progress, Inc. | 2.000% | 08/15/31 | 600000 | 527481 |
| Florida Power & Light Co. <sup>(a)</sup> | 5.100% | 04/01/33 | 500000 | 517337 |
| Idaho Power Co. | 5.500% | 03/15/53 | 900000 | 890977 |
| Idaho Power Co. <sup>(a)</sup> | 5.800% | 04/01/54 | 1850000 | 1898963 |
| MidAmerican Energy Co. | 3.650% | 04/15/29 | 350000 | 344897 |
| Nevada Power Co., Series 2023A | 6.000% | 03/15/54 | 450000 | 468121 |
| NextEra Energy Capital Holdings, Inc. | 4.625% | 07/15/27 | 1535000 | 1550042 |
| NextEra Energy Capital Holdings, Inc. <sup>(a)</sup> | 5.250% | 03/15/34 | 500000 | 513484 |
| Northern States Power Co. <sup>(a)</sup> | 2.250% | 04/01/31 | 500000 | 453432 |
| Northern States Power Co. <sup>(a)</sup> | 5.100% | 05/15/53 | 900000 | 855428 |
| NYSEG Storm Funding, LLC, Series 2025-A | 4.713% | 05/01/31 | 8225000 | 8291686 |
| Oncor Electric Delivery Co., LLC | 7.000% | 05/01/32 | 2750000 | 3124994 |
| Oncor Electric Delivery Co., LLC | 3.750% | 04/01/45 | 490000 | 387138 |
| Oncor Electric Delivery Co., LLC <sup>(a)</sup> | 4.950% | 09/15/52 | 500000 | 455494 |
| PacifiCorp <sup>(a)</sup> | 5.500% | 05/15/54 | 450000 | 424969 |
| PECO Energy Co. | 3.000% | 09/15/49 | 200000 | 134570 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Electric - 1.4% (Continued)** |  |  |  |  |
| PPL Electric Utilities Corp. | 5.000% | 05/15/33 | $900000 | $926226 |
| PPL Electric Utilities Corp. | 3.000% | 10/01/49 | 160000 | 107141 |
| Progress Energy, Inc. | 7.750% | 03/01/31 | 1000000 | 1152579 |
| Public Service Co. of Colorado | 4.500% | 06/01/52 | 400000 | 336684 |
| Public Service Electric & Gas Co. | 2.250% | 09/15/26 | 100000 | 98503 |
| Public Service Electric & Gas Co. | 4.900% | 08/15/35 | 2460000 | 2479087 |
| Southwestern Electric Power Co. <sup>(a)</sup> | 2.750% | 10/01/26 | 100000 | 98639 |
| Swepco Storm Recovery Funding, LLC, Series 2024-A | 4.880% | 09/01/39 | 7885071 | 7924431 |
| Wisconsin Power & Light Co. | 1.950% | 09/16/31 | 800000 | 692056 |
|  |  |  |  | 41397253 |
| **Energy - 0.7%** |  |  |  |  |
| BP Capital Markets America, Inc. | 4.812% | 02/13/33 | 800000 | 809409 |
| BP Capital Markets America, Inc. | 4.893% | 09/11/33 | 500000 | 507243 |
| BP Capital Markets America, Inc. <sup>(a)</sup> | 4.989% | 04/10/34 | 500000 | 509905 |
| ConocoPhillips Co. <sup>(a)</sup> | 5.550% | 03/15/54 | 450000 | 443272 |
| Coterra Energy, Inc. | 3.900% | 05/15/27 | 100000 | 99343 |
| Diamondback Energy, Inc. | 3.250% | 12/01/26 | 200000 | 197888 |
| Diamondback Energy, Inc. | 6.250% | 03/15/53 | 500000 | 512060 |
| Energy Transfer, LP <sup>(d)</sup> | 5.625% | 05/01/27 | 500000 | 500222 |
| Energy Transfer, LP | 5.550% | 05/15/34 | 500000 | 513000 |
| Energy Transfer, LP | 5.600% | 09/01/34 | 3000000 | 3078932 |
| Helmerich & Payne, Inc. <sup>(a)</sup> | 2.900% | 09/29/31 | 1650000 | 1457648 |
| HF Sinclair Corp. | 5.750% | 01/15/31 | 3700000 | 3829596 |
| MPLX, LP | 5.000% | 03/01/33 | 3400000 | 3400845 |
| Occidental Petroleum Corp. | 3.000% | 02/15/27 | 1475000 | 1442858 |
| Phillips 66 Co. | 3.550% | 10/01/26 | 100000 | 99385 |
| Phillips 66 Co. <sup>(a)</sup> | 5.300% | 06/30/33 | 875000 | 900096 |
| Phillips 66 Co. <sup>(a)</sup> | 4.950% | 03/15/35 | 1300000 | 1286774 |
| Shell Finance US, Inc. | 2.375% | 11/07/29 | 645000 | 605202 |
| Shell International Finance BV | 6.375% | 12/15/38 | 73000 | 82596 |
| Valero Energy Corp. | 5.150% | 02/15/30 | 400000 | 411757 |
|  |  |  |  | 20688031 |
| **Insurance - 2.1%** |  |  |  |  |
| Anthem, Inc. | 4.600% | 09/15/32 | 2565000 | 2549414 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Insurance - 2.1% (Continued)** |  |  |  |  |
| Berkshire Hathaway Financial Corp. | 3.850% | 03/15/52 | $900000 | $706037 |
| Equitable Financial Life Global Funding <sup>(d)</sup> | 1.800% | 03/08/28 | 1434000 | 1353846 |
| Equitable Financial Life Global Funding <sup>(d)</sup> | 5.000% | 03/27/30 | 825000 | 845320 |
| Jackson National Life Global Funding <sup>(d)</sup> | 5.500% | 01/09/26 | 800000 | 801917 |
| Jackson National Life Global Funding <sup>(d)</sup> | 5.550% | 07/02/27 | 2200000 | 2247751 |
| Jackson National Life Global Funding <sup>(d)</sup> | 4.550% | 09/09/30 | 860000 | 860873 |
| Lincoln Financial Global Funding <sup>(d)</sup> | 4.625% | 08/18/30 | 850000 | 855124 |
| Lincoln National Corp. <sup>(a)</sup> | 3.625% | 12/12/26 | 100000 | 99350 |
| MassMutual Global Funding <sup>(d)</sup> | 1.200% | 07/16/26 | 400000 | 391138 |
| MassMutual Global Funding <sup>(d)</sup> | 5.150% | 05/30/29 | 4350000 | 4483244 |
| MassMutual Global Funding <sup>(d)</sup> | 4.350% | 09/17/31 | 2300000 | 2286140 |
| MassMutual Global Funding <sup>(d)</sup> | 5.050% | 08/26/35 | 500000 | 505720 |
| Met Life Global Funding I <sup>(d)</sup> | 5.400% | 09/12/28 | 1850000 | 1917232 |
| Met Life Global Funding I <sup>(d)</sup> | 4.300% | 08/25/29 | 1000000 | 1003509 |
| Met Life Global Funding I <sup>(d)</sup> | 1.550% | 01/07/31 | 1950000 | 1702442 |
| Met Life Global Funding I <sup>(d)</sup> | 5.150% | 03/28/33 | 500000 | 517956 |
| Met Life Global Funding I <sup>(a)(d)</sup> | 5.050% | 01/08/34 | 850000 | 868399 |
| New York Life Global Funding <sup>(d)</sup> | 1.150% | 06/09/26 | 50000 | 49002 |
| New York Life Global Funding <sup>(d)</sup> | 4.900% | 06/13/28 | 1000000 | 1022475 |
| New York Life Global Funding <sup>(d)</sup> | 4.700% | 01/29/29 | 1000000 | 1018325 |
| New York Life Global Funding <sup>(d)</sup> | 1.200% | 08/07/30 | 2000000 | 1733148 |
| New York Life Global Funding <sup>(d)</sup> | 5.000% | 01/09/34 | 1000000 | 1023022 |
| Northwestern Mutual Global Funding <sup>(d)</sup> | 5.070% | 03/25/27 | 3000000 | 3046832 |
| Northwestern Mutual Global Funding <sup>(a)(d)</sup> | 4.350% | 09/15/27 | 400000 | 403238 |
| Northwestern Mutual Global Funding <sup>(d)</sup> | 5.160% | 05/28/31 | 3245000 | 3367554 |
| Pacific Life Global Fund II <sup>(a)(d)</sup> | 1.450% | 01/20/28 | 790000 | 744644 |
| Pacific Life Global Fund II <sup>(d)</sup> | 4.850% | 02/10/30 | 5217000 | 5319592 |
| Pricoa Global Funding I <sup>(d)</sup> | 5.550% | 08/28/26 | 700000 | 709723 |
| Pricoa Global Funding I <sup>(a)(d)</sup> | 5.100% | 05/30/28 | 500000 | 512520 |
| Pricoa Global Funding I <sup>(d)</sup> | 4.650% | 08/27/31 | 500000 | 505186 |
| Pricoa Global Funding I <sup>(d)</sup> | 4.750% | 08/26/32 | 1700000 | 1717128 |
| Pricoa Global Funding I <sup>(a)(d)</sup> | 5.350% | 05/28/35 | 1350000 | 1399504 |
| Principal Life Global Funding II <sup>(d)</sup> | 0.875% | 01/12/26 | 500000 | 494912 |
| Principal Life Global Funding II <sup>(a)(d)</sup> | 5.000% | 01/16/27 | 500000 | 505615 |
| Principal Life Global Funding II <sup>(d)</sup> | 4.600% | 08/19/27 | 300000 | 302857 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Insurance - 2.1% (Continued)** |  |  |  |  |
| Principal Life Global Funding II <sup>(d)</sup> | 4.250% | 08/18/28 | $925000 | $927115 |
| Progressive Corp. | 3.200% | 03/26/30 | 240000 | 230862 |
| Protective Life Global Funding <sup>(d)</sup> | 5.209% | 04/14/26 | 1000000 | 1005397 |
| Protective Life Global Funding <sup>(d)</sup> | 1.618% | 04/15/26 | 800000 | 789267 |
| Protective Life Global Funding <sup>(d)</sup> | 4.992% | 01/12/27 | 500000 | 504968 |
| Protective Life Global Funding <sup>(d)</sup> | 1.900% | 07/06/28 | 650000 | 611601 |
| Protective Life Global Funding <sup>(d)</sup> | 5.467% | 12/08/28 | 500000 | 518334 |
| Protective Life Global Funding <sup>(d)</sup> | 1.737% | 09/21/30 | 1500000 | 1324668 |
| Protective Life Global Funding <sup>(d)</sup> | 5.432% | 01/14/32 | 3900000 | 4058098 |
| RGA Global Funding <sup>(d)</sup> | 2.000% | 11/30/26 | 660000 | 643498 |
| UnitedHealth Group, Inc. | 4.200% | 05/15/32 | 1150000 | 1133575 |
| UnitedHealth Group, Inc. | 4.250% | 06/15/48 | 500000 | 413345 |
| UnitedHealth Group, Inc. | 5.200% | 04/15/63 | 500000 | 457817 |
|  |  |  |  | 60489234 |
| **Natural Gas - 0.1%** |  |  |  |  |
| Atmos Energy Corp. <sup>(a)</sup> | 2.625% | 09/15/29 | 310000 | 293057 |
| Atmos Energy Corp. | 5.900% | 11/15/33 | 850000 | 921742 |
| Atmos Energy Corp. | 4.125% | 03/15/49 | 885000 | 725353 |
|  |  |  |  | 1940152 |
| **Other Utility - 0.1%** |  |  |  |  |
| American Water Capital Corp. | 2.800% | 05/01/30 | 300000 | 282580 |
| American Water Capital Corp. | 2.300% | 06/01/31 | 825000 | 739982 |
| American Water Capital Corp. | 5.150% | 03/01/34 | 2000000 | 2061292 |
| American Water Capital Corp. | 5.700% | 09/01/55 | 450000 | 457046 |
|  |  |  |  | 3540900 |
| **REITS - 0.4%** |  |  |  |  |
| Alexandria Real Estate Equities, Inc. | 3.950% | 01/15/28 | 100000 | 99417 |
| American Homes 4 Rent <sup>(a)</sup> | 4.250% | 02/15/28 | 100000 | 99757 |
| Boston Properties, LP | 2.750% | 10/01/26 | 50000 | 49203 |
| CubeSmart, LP | 2.250% | 12/15/28 | 4200000 | 3955031 |
| ERP Operating, LP | 2.850% | 11/01/26 | 100000 | 98730 |
| ERP Operating, LP <sup>(a)</sup> | 2.500% | 02/15/30 | 1850000 | 1725321 |
| Extra Space Storage, LP | 5.700% | 04/01/28 | 100000 | 103281 |
| Extra Space Storage, LP | 2.200% | 10/15/30 | 1399000 | 1254241 |
| Extra Space Storage, LP | 5.350% | 01/15/35 | 400000 | 407676 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **REITS - 0.4% (Continued)** |  |  |  |  |
| Public Storage <sup>(a)</sup> | 1.850% | 05/01/28 | $800000 | $758631 |
| Realty Income Corp. | 0.750% | 03/15/26 | 1375000 | 1353293 |
| Realty Income Corp. | 4.450% | 09/15/26 | 413000 | 413861 |
| Realty Income Corp. | 3.000% | 01/15/27 | 100000 | 98591 |
| Realty Income Corp. | 2.100% | 03/15/28 | 250000 | 238516 |
| Realty Income Corp. | 2.200% | 06/15/28 | 151000 | 143914 |
| Realty Income Corp. | 4.000% | 07/15/29 | 60000 | 59621 |
| Realty Income Corp. | 3.200% | 02/15/31 | 250000 | 235667 |
| Realty Income Corp. <sup>(a)</sup> | 5.125% | 02/15/34 | 1000000 | 1025361 |
|  |  |  |  | 12120112 |
| **Technology - 0.7%** |  |  |  |  |
| Alphabet, Inc. | 5.300% | 05/15/65 | 430000 | 427864 |
| Broadcom, Inc. <sup>(d)</sup> | 4.150% | 04/15/32 | 3900000 | 3824594 |
| Broadcom, Inc. | 4.800% | 02/15/36 | 1705000 | 1699798 |
| Dell International, LLC / EMC Corp. | 4.900% | 10/01/26 | 1488000 | 1496277 |
| Dell International, LLC / EMC Corp. <sup>(a)</sup> | 5.000% | 04/01/30 | 425000 | 435328 |
| Fidelity National Information Services, Inc. <sup>(a)</sup> | 1.650% | 03/01/28 | 300000 | 282734 |
| Foundry JV Holdco, LLC <sup>(d)</sup> | 6.150% | 01/25/32 | 500000 | 534417 |
| Mastercard, Inc. <sup>(a)</sup> | 2.000% | 11/18/31 | 2300000 | 2030408 |
| Mastercard, Inc. | 4.875% | 05/09/34 | 750000 | 767751 |
| Oracle Corp. | 2.875% | 03/25/31 | 500000 | 459118 |
| Oracle Corp. | 3.600% | 04/01/40 | 7275000 | 5842852 |
| Xilinx, Inc. | 2.375% | 06/01/30 | 2125000 | 1965414 |
|  |  |  |  | 19766555 |
| **Transportation - 0.5%** |  |  |  |  |
| Alaska Airlines Pass-Through Trust, Series 2020-1B, Class A <sup>(d)</sup> | 4.800% | 02/15/29 | 91209 | 91336 |
| American Airlines Pass-Through Trust, Series 2016-2, Class AA | 3.200% | 12/15/29 | 273150 | 264464 |
| Burlington North Santa Fe, LLC | 5.050% | 03/01/41 | 500000 | 491883 |
| Burlington North Santa Fe, LLC | 2.875% | 06/15/52 | 1523000 | 975191 |
| CSX Corp. | 4.250% | 11/01/66 | 100000 | 78750 |
| Fedex Corp. | 2.400% | 05/15/31 | 500000 | 449686 |
| FedEx Corp., Series 2020-1, Class AA, CV | 1.875% | 08/20/35 | 2744458 | 2375023 |
| Kirby Corp. | 4.200% | 03/01/28 | 600000 | 598693 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 15.0% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Transportation - 0.5% (Continued)** |  |  |  |  |
| Norfolk Southern Corp. | 3.000% | 03/15/32 | $600000 | $552523 |
| Norfolk Southern Corp. | 5.950% | 03/15/64 | 500000 | 528195 |
| Penske Trust Leasing Co. / PTL Finance Corp. <sup>(d)</sup> | 5.350% | 03/30/29 | 1350000 | 1388371 |
| Ryder System, Inc. | 2.850% | 03/01/27 | 500000 | 491183 |
| Ryder System, Inc. | 5.300% | 03/15/27 | 1000000 | 1015489 |
| Ryder System, Inc. | 5.500% | 06/01/29 | 500000 | 521419 |
| Southwest Airlines Co. | 5.125% | 06/15/27 | 1000000 | 1012090 |
| Southwest Airlines Co. | 2.625% | 02/10/30 | 1300000 | 1198559 |
| United Airlines Pass-Through Trust, Series 2020-1B, Class B | 4.875% | 07/15/27 | 140375 | 140380 |
| United Airlines Pass-Through Trust, Series 2020-1, Class A | 5.875% | 04/15/29 | 110633 | 113718 |
| United Airlines Pass-Through Trust | 5.450% | 02/15/37 | 868969 | 893840 |
| United Parcel Service, Inc. <sup>(a)</sup> | 5.250% | 05/14/35 | 1300000 | 1345172 |
|  |  |  |  | 14525965 |
| **Total Corporate Credit** (Cost $433,326,573) |  |  |  | $440601133 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Government Related - 0.0% <sup>(c)</sup>** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Government Owned, No Guarantee - 0.0% <sup>(c)</sup>** |  |  |  |  |
| Tennessee Valley Authority | 4.250% | 09/15/52 | $500000 | $427094 |
| Tennessee Valley Authority | 4.625% | 09/15/60 | 525000 | 470926 |
| **Total Government Related** (Cost $1,240,506) |  |  |  | $898020 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 2.1%** | **ABS-Other - 2.1%** | **ABS-Other - 2.1%** | | |
| Cascade Funding Mortgage Trust, Series 2021-GRN1, Class B <sup>(d)</sup> | 1.830% | 03/20/41 | $1000000 | $979017 |
| FMC GMSR Issuer Trust, Series 2020-GT1, Class A <sup>(b)(d)</sup> | 4.450% | 01/25/26 | 2000000 | 1981336 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 2.1% (Continued)** |  |  |  |  |
| FMC GMSR Issuer Trust, Series 2021-GT1, Class A <sup>(b)(d)</sup> | 3.620% | 07/25/26 | $3300000 | $3168284 |
| FMC GMSR Issuer Trust, Series 2021-GT2, Class A <sup>(d)</sup> | 3.850% | 10/25/26 | 3900000 | 3754030 |
| FMC GMSR Issuer Trust, Series 2022-GT2, Class A <sup>(d)</sup> | 7.900% | 07/25/27 | 2350000 | 2359055 |
| GoodLeap Sustainable Home Improvement Loan Trust, Series 2023-1, <br> Class A <sup>(d)</sup> | 5.520% | 02/22/55 | 3660701 | 3450679 |
| GoodLeap Sustainable Home Improvement Loan Trust, Series 2024-1, <br> Class A <sup>(d)</sup> | 6.250% | 06/20/57 | 2217148 | 2154146 |
| Helios Issuer, LLC, Series 2019-AA, Class A <sup>(d)</sup> | 3.750% | 06/20/46 | 6981809 | 6479608 |
| Helios Issuer, LLC, Series 2022-C, Class C <sup>(d)(e)</sup> | 6.000% | 11/22/49 | 2586134 | 1030107 |
| Hero Funding Trust, Series 2016-2A, Class A <sup>(d)</sup> | 3.750% | 09/20/41 | 55382 | 52984 |
| Hero Funding Trust, Series 2016-3A, Class A1 <sup>(d)</sup> | 3.080% | 09/20/42 | 868507 | 808166 |
| Hero Funding Trust, Series 2016-4A, Class A1 <sup>(d)</sup> | 3.570% | 09/20/47 | 81691 | 77096 |
| Hero Funding Trust, Series 2017-3A, Class A1 <sup>(d)</sup> | 3.190% | 09/20/48 | 75560 | 69308 |
| Hero Funding Trust, Series 2017-3A, Class A2 <sup>(d)</sup> | 3.950% | 09/20/48 | 276440 | 259782 |
| Hero Funding Trust, Series 2018-1A, Class A2 <sup>(d)</sup> | 4.670% | 09/20/48 | 29342 | 28479 |
| Holiday Inn Timeshare Trust, Series 2020-A, Class C <sup>(d)</sup> | 3.420% | 10/09/39 | 128964 | 126355 |
| Loanpal Solar Loan Ltd., Series 2020-3GS, Class B <sup>(d)</sup> | 3.450% | 12/20/47 | 1816734 | 1367904 |
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class A <sup>(d)</sup> | 2.290% | 01/20/48 | 389445 | 326135 |
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class B <sup>(d)</sup> | 2.840% | 01/20/48 | 626627 | 486753 |
| Loanpal Solar Loan Ltd., Series 2021-2GS, Class A <sup>(d)</sup> | 2.220% | 03/20/48 | 2187214 | 1779454 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 2.1% (Continued)** |  |  |  |  |
| Luminace ABS-2022 Issuer, LLC, Series 2024-1, Class B <sup>(d)</sup> | 6.960% | 10/30/31 | $3981637 | $3845627 |
| Mill City Solar Loan Ltd., Series 2019-2GS, Class A <sup>(d)</sup> | 3.690% | 07/20/43 | 94244 | 84874 |
| Mosaic Solar Loans, LLC, Series 2018-1, Class A <sup>(d)</sup> | 4.010% | 06/22/43 | 46277 | 43453 |
| Mosaic Solar Loans, LLC, Series 2017-2, Class B <sup>(d)</sup> | 4.770% | 06/22/43 | 26378 | 23763 |
| Mosaic Solar Loans, LLC, Series 2025-1, Class A <sup>(d)</sup> | 6.120% | 08/22/50 | 2170388 | 2150382 |
| Mosaic Solar Loans, LLC, Series 2023-1A, Class A <sup>(d)</sup> | 5.320% | 06/20/53 | 2863811 | 2730110 |
| Mosaic Solar Loans, LLC, Series 2023-1A, Class B <sup>(d)</sup> | 6.920% | 06/20/53 | 2110177 | 1663042 |
| Mosaic Solar Loans, LLC, Series 2023-2A, Class C <sup>(d)(e)</sup> | 8.180% | 09/22/53 | 4500000 | 2279545 |
| Mosaic Solar Loans, LLC, Series 2023-3A, Class A <sup>(d)</sup> | 5.910% | 11/20/53 | 2285645 | 2267303 |
| PowerPay Issuance Trust, Series 2024-1A, Class A <sup>(d)</sup> | 6.530% | 02/18/39 | 2160345 | 2229474 |
| Renew Financial, LLC, Series 2017-1, Class A <sup>(d)</sup> | 3.670% | 09/20/52 | 215324 | 201130 |
| Renew Financial, LLC, Series 2017-1, Class B <sup>(d)</sup> | 5.750% | 09/20/52 | 2236 | 2221 |
| Renew Financial, LLC, Series 2017-2, Class A <sup>(d)</sup> | 3.220% | 09/22/53 | 23677 | 21641 |
| SPS Servicer Advance Receivables Trust, Series 2020-T2, Class B <sup>(d)</sup> | 2.130% | 11/15/55 | 1100000 | 1097192 |
| SPS Servicer Advance Receivables Trust, Series 2020-T2, Class D <sup>(d)</sup> | 3.160% | 11/15/55 | 994000 | 991086 |
| Sunnova Hestia I Issuer, LLC, Series 2023-GRIDI, Class A-1 <sup>(d)</sup> | 5.750% | 12/20/50 | 2243500 | 2263468 |
| Sunnova Solar Issuer, LLC, Series 2020-2A, Class A <sup>(d)</sup> | 2.730% | 11/01/55 | 3535722 | 2969214 |
| US Bank NA, Series 2025-SUP2, Class B1 <sup>(d)</sup> | 4.818% | 09/25/32 | 3800000 | 3795292 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 2.1% (Continued)** |  |  |  |  |
| US Bank NA, Series 2025-SUP2, Class D (1\* SOFR30A + 220) <sup>(b)(d)</sup> | 6.586% | 09/25/32 | $2700000 | $2702725 |
|  |  |  |  | 62100220 |
| **Agency CMBS - 2.7%** |  |  |  |  |
| FARM Mortgage Trust, Series 2021-1, Class A <sup>(d)</sup> | 2.180% | 01/25/51 | 21021010 | 17116105 |
| Farmer Mac Agricultural Real Estate, Series 2022-1, Class A <sup>(d)</sup> | 2.540% | 07/25/51 | 17912326 | 14637129 |
| Farmer Mac Agricultural Real Estate, Series 2023-1, Class A <sup>(d)</sup> | 2.631% | 01/25/52 | 9220752 | 7688392 |
| Farmer Mac Agricultural Real Estate, Series 2025-1, Class A <sup>(d)</sup> | 5.220% | 08/01/55 | 6325399 | 6197815 |
| FNMA, Pool #AN3598 | 2.550% | 12/01/28 | 245737 | 235523 |
| FNMA, Pool #BL4548 | 2.430% | 10/01/29 | 175056 | 164870 |
| FNMA, Pool #BL9861 | 1.640% | 12/01/30 | 2085000 | 1833718 |
| FNMA, Pool #BS0602 | 1.590% | 01/01/31 | 12186000 | 10720789 |
| FNMA, Pool #BS0038 | 1.650% | 01/01/31 | 1976565 | 1731142 |
| FNMA, Pool #BS0915 | 1.620% | 03/01/31 | 3200000 | 2768033 |
| FNMA, Pool #AN6149 | 3.140% | 07/01/32 | 750000 | 700615 |
| FNMA, Pool #AN7612 | 3.280% | 12/01/32 | 239471 | 224914 |
| FNMA, Pool #FN0035 | 3.290% | 12/01/32 | 5508621 | 5146929 |
| FNMA, Pool #BS3369 | 2.310% | 10/01/41 | 7768000 | 5494614 |
| FNMA, Pool #BS3542 | 2.415% | 10/01/41 | 2850000 | 2011011 |
| FNMA, Pool #AM5015 | 4.940% | 12/01/43 | 692417 | 700906 |
| FRESB Multifamily Mortgage Pass-Through Trust, Series 2018-SB57, <br> Class A-10F | 3.710% | 07/25/28 | 2099520 | 2067374 |
|  |  |  |  | 79439879 |
| **Agency MBS CMO - 20.6%** |  |  |  |  |
| FHLMC, Series 306, Class F3, Pool #S2-0432 (1\* SOFR + 30) <sup>(b)</sup> | 4.787% | 05/15/28 | 11957 | 11946 |
| FHLMC, Series 4847, Class CV | 3.500% | 02/15/30 | 241836 | 239497 |
| FHLMC, Series 2646, Class ZH | 5.000% | 07/15/33 | 151117 | 151460 |
| FHLMC, Series 4265, Class FD (1\* SOFR + 40) | 4.887% | 01/15/35 | 151926 | 150858 |
| FHLMC, Series 5519, Class GV | 5.750% | 12/25/35 | 12101317 | 12511622 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| FHLMC, Series 4613, Class AF (1\* SOFR + 110) <sup>(b)</sup> | 5.587% | 11/15/37 | $232153 | $231991 |
| FHLMC, Series 3605, Class PB | 4.500% | 11/15/39 | 42475 | 42637 |
| FHLMC, Series 3617, Class PC | 4.500% | 12/15/39 | 55171 | 55298 |
| FHLMC, Series 3740, Class FC (1\* SOFR + 50) <sup>(b)</sup> | 4.987% | 10/15/40 | 56663 | 56127 |
| FHLMC, Series 3759, Class ME | 4.000% | 11/15/40 | 513073 | 489948 |
| FHLMC, Series 3811, Class TA | 5.000% | 02/15/41 | 206785 | 211582 |
| FHLMC, Series 5115, Class AZ | 2.000% | 06/25/41 | 11340853 | 7784663 |
| FHLMC, Series 3895, Class BF (1\* SOFR + 50) <sup>(b)</sup> | 4.987% | 07/15/41 | 44317 | 44017 |
| FHLMC, Series 3923, Class CZ | 5.000% | 09/15/41 | 350723 | 354887 |
| FHLMC, Series 3959, Class PZ | 4.500% | 11/15/41 | 3763864 | 3736410 |
| FHLMC, Series 4136, Class LZ | 3.000% | 06/15/42 | 4091305 | 3764781 |
| FHLMC, Series 4074, Class JY | 2.500% | 07/15/42 | 699000 | 630531 |
| FHLMC, Series 4116, Class YC | 2.500% | 10/15/42 | 1412000 | 1087924 |
| FHLMC, Series 4180, Class BU | 2.500% | 10/15/42 | 2490985 | 2185935 |
| FHLMC, Series 4120, Class ZA | 3.000% | 10/15/42 | 6513602 | 6007182 |
| FHLMC, Series 5149, Class CA | 2.000% | 01/15/43 | 1049335 | 750825 |
| FHLMC, Series 4153, Class YZ | 3.000% | 01/15/43 | 4333001 | 3901652 |
| FHLMC, Series 4165, Class ZT | 3.000% | 02/15/43 | 17346795 | 14655568 |
| FHLMC, Series 4180, Class ZB | 3.000% | 03/15/43 | 182689 | 147722 |
| FHLMC, Series 4183, Class NQ | 3.000% | 03/15/43 | 2920000 | 2689614 |
| FHLMC, Series 4210, Class Z | 3.000% | 05/15/43 | 1648422 | 1383129 |
| FHLMC, Series 4204, Class QZ | 3.000% | 05/15/43 | 721596 | 535682 |
| FHLMC, Series 4312, Class ZB | 3.500% | 08/15/43 | 10102718 | 9335498 |
| FHLMC, Series 4447, Class YZ | 4.000% | 08/15/43 | 883262 | 853792 |
| FHLMC, Series 4333, Class GL | 3.500% | 04/15/44 | 250000 | 225714 |
| FHLMC, Series 4408, Class BC | 3.000% | 11/15/44 | 1020410 | 876348 |
| FHLMC, Series 4448, Class GZ | 2.500% | 03/15/45 | 2928498 | 2388036 |
| FHLMC, Series 4473, Class Z | 3.000% | 05/15/45 | 436127 | 361929 |
| FHLMC, Series 4531, Class PZ | 3.500% | 11/15/45 | 1206783 | 1124339 |
| FHLMC, Series 4623, Class BZ | 3.500% | 10/15/46 | 3286424 | 3078170 |
| FHLMC, Series 4738, Class TW | 3.000% | 11/15/46 | 1476000 | 1375121 |
| FHLMC, Series 4857, Class H | 4.000% | 11/15/46 | 8976 | 8953 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| FHLMC, Series 4710, Class GZ | 3.000% | 01/15/47 | $4713969 | $3986119 |
| FHLMC, Series 5099, Class CM | 2.000% | 07/25/47 | 3750000 | 2544099 |
| FHLMC, Series 4736, Class CL | 3.000% | 12/15/47 | 441240 | 385750 |
| FHLMC, Series 4738, Class LZ | 3.000% | 12/15/47 | 3732587 | 3250866 |
| FHLMC, Series 4753, Class EZ | 3.500% | 12/15/47 | 1625115 | 1491972 |
| FHLMC, Series 4745, Class EZ | 3.000% | 01/15/48 | 8613351 | 7540729 |
| FHLMC, Series 4745, Class CZ | 3.500% | 01/15/48 | 1311085 | 1196633 |
| FHLMC, Series 4768, Class ZH | 3.000% | 03/15/48 | 1285888 | 1136809 |
| FHLMC, Series 4776, Class CZ | 4.000% | 04/15/48 | 9141639 | 8681252 |
| FHLMC, Series 5510, Class HB | 1.500% | 07/25/48 | 6749677 | 4253917 |
| FHLMC, Series 5526, Class DB | 1.500% | 07/25/48 | 3595220 | 2252345 |
| FHLMC, Series 4941, Class NW | 2.500% | 05/25/49 | 758520 | 477877 |
| FHLMC, Series 4892, Class PZ | 3.000% | 07/15/49 | 1450729 | 962742 |
| FHLMC, Series 4908, Class AB | 3.000% | 07/25/49 | 6766850 | 6035527 |
| FHLMC, Series 366, Class 200 | 2.000% | 08/15/49 | 2502106 | 2163723 |
| FHLMC, Series 4911, Class JM | 3.500% | 09/25/49 | 1000000 | 779317 |
| FHLMC, Series 4929, Class HP | 3.000% | 11/25/49 | 6340682 | 5434715 |
| FHLMC, Series 5159, Class WZ, Pool #5159 | 2.000% | 01/25/50 | 694267 | 416595 |
| FHLMC, Series 5037, Class PA | 1.000% | 03/25/50 | 4492177 | 3472832 |
| FHLMC, Series 5103, Class LH | 1.500% | 03/25/50 | 1924391 | 1594376 |
| FHLMC, Series 5057, Class DN | 2.000% | 03/25/50 | 822314 | 669572 |
| FHLMC, Series 4968, Class NP | 6.500% | 04/25/50 | 1313065 | 1392972 |
| FHLMC, Series 5129, Class DM | 1.000% | 08/25/50 | 1210634 | 923635 |
| FHLMC, Series 5017, Class CB | 1.500% | 09/25/50 | 1084906 | 827888 |
| FHLMC, Series 5011, Class DB | 2.000% | 09/25/50 | 262000 | 143540 |
| FHLMC, Series 5038, Class QP | 0.750% | 10/25/50 | 8138392 | 5925226 |
| FHLMC, Series 5038, Class PJ | 0.750% | 10/25/50 | 5240599 | 3828043 |
| FHLMC, Series 5019, Class PL | 1.000% | 10/25/50 | 2083197 | 1601092 |
| FHLMC, Series 5028, Class PW | 1.500% | 10/25/50 | 684000 | 406670 |
| FHLMC, Series 5039, Class JL | 1.250% | 11/25/50 | 1241688 | 954219 |
| FHLMC, Series 5223, Class MZ | 4.500% | 12/25/50 | 3745921 | 3305669 |
| FHLMC, Series 5085, Class TY | 1.000% | 01/25/51 | 1263612 | 736037 |
| FHLMC, Series 5072, Class ME | 1.000% | 01/25/51 | 770835 | 598565 |
| FHLMC, Series 5072, Class DG | 1.000% | 02/25/51 | 679516 | 538296 |
| FHLMC, Series 5146, Class ZW | 2.000% | 07/25/51 | 1707822 | 849486 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| FHLMC, Series 5202, Class DZ | 3.000% | 07/25/51 | $2773821 | $1659391 |
| FHLMC, Series 5155, Class MG | 1.500% | 10/25/51 | 880517 | 740373 |
| FHLMC, Series 5159, Class PL | 1.250% | 11/25/51 | 1256071 | 1044556 |
| FHLMC, Series 5173, Class BZ | 2.500% | 12/25/51 | 1100466 | 650539 |
| FHLMC, Series 4377, Class KZ | 3.500% | 02/15/52 | 918403 | 825487 |
| FHLMC, Series 5210, Class BZ | 3.000% | 02/25/52 | 9064220 | 6242162 |
| FHLMC, Series 5189, Class ZP | 3.000% | 02/25/52 | 1069248 | 865584 |
| FHLMC, Series 5232, Class HL | 4.000% | 06/25/52 | 4120792 | 3577203 |
| FHLMC, Series 5249, Class PL | 4.000% | 08/25/52 | 2904186 | 2553752 |
| FHLMC, Series 4395, Class JZ | 3.000% | 12/15/52 | 3315922 | 2764962 |
| FHLMC, Series 5297, Class DB | 5.000% | 03/25/53 | 1239531 | 1152305 |
| FHLMC, Series 5318, Class AZ | 5.500% | 06/25/53 | 5150711 | 5063798 |
| FHLMC, Series 5332, Class CZ | 6.000% | 08/25/53 | 4493919 | 4593013 |
| FNMA, Series 2010-155, Class JH | 4.000% | 12/25/28 | 77399 | 76888 |
| FNMA, Series 2013-35, Class YT | 6.500% | 09/25/32 | 82213 | 84695 |
| FNMA, Series 2002-86, Class PG | 6.000% | 12/25/32 | 29976 | 31002 |
| FNMA, Series 2004-56, Class Z | 7.500% | 03/25/34 | 59204 | 63534 |
| FNMA, Series 2004-17, Class BA | 6.000% | 04/25/34 | 429015 | 441471 |
| FNMA, Series 2005-3, Class CG | 5.500% | 02/25/35 | 109323 | 113054 |
| FNMA, Series 2005-62, Class ZL | 5.500% | 07/25/35 | 168434 | 173709 |
| FNMA, Series 2006-56, Class DC (1\* SOFR + 65) <sup>(b)</sup> | 5.121% | 07/25/36 | 225257 | 221540 |
| FNMA, Series 2006-71, Class ZH | 6.000% | 07/25/36 | 167524 | 175668 |
| FNMA, Series 2009-19, Class TD | 5.000% | 08/25/36 | 50431 | 51201 |
| FNMA, Series 2007-95, Class A3 (1\* SOFR + 25) <sup>(b)</sup> | 5.468% | 08/27/36 | 1600000 | 1526574 |
| FNMA, Series 2006-108, Class FD (1\* SOFR + 38) <sup>(b)</sup> | 4.851% | 11/25/36 | 60957 | 60441 |
| FNMA, Series 2007-39, Class NB | 4.250% | 05/25/37 | 65654 | 64766 |
| FNMA, Series 2008-60, Class JC | 5.000% | 07/25/38 | 107231 | 109374 |
| FNMA, Series 2009-103, Class MB <sup>(b)</sup> | 6.565% | 12/25/39 | 85707 | 86206 |
| FNMA, Series 2010-118, Class DZ | 4.750% | 10/25/40 | 1528421 | 1503897 |
| FNMA, Series 2011-14, Class PB | 5.000% | 03/25/41 | 344150 | 353430 |
| FNMA, Series 2011-57, Class PD | 4.000% | 07/25/41 | 321407 | 311440 |
| FNMA, Series 2011-62, Class UA | 4.500% | 07/25/41 | 610436 | 598116 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| FNMA, Series 2012-40, Class GY | 4.000% | 04/25/42 | $767560 | $743158 |
| FNMA, Series 2013-34, Class GP | 3.000% | 05/25/42 | 228002 | 218385 |
| FNMA, Series 2012-56, Class WC | 3.500% | 05/25/42 | 1251000 | 1134425 |
| FNMA, Series 2012-52, Class PQ | 3.500% | 05/25/42 | 683221 | 612403 |
| FNMA, Series 2012-79, Class QB | 2.000% | 07/25/42 | 82665 | 75859 |
| FNMA, Series 2003-W2, Class 1-1A | 6.500% | 07/25/42 | 446783 | 466123 |
| FNMA, Series 2012-92, Class Z | 3.500% | 08/25/42 | 5067485 | 4621184 |
| FNMA, Series 2012-99, Class UY | 2.500% | 09/25/42 | 479000 | 388541 |
| FNMA, Series 2012-99, Class BY | 2.500% | 09/25/42 | 2712354 | 2326924 |
| FNMA, Series 2012-124, Class JA | 1.500% | 11/25/42 | 2522960 | 2297276 |
| FNMA, Series 2013-35, Class LP | 3.000% | 01/25/43 | 482760 | 468455 |
| FNMA, Series 2013-35, Class CV | 3.000% | 02/25/43 | 370000 | 353599 |
| FNMA, Series 2013-13, Class WH | 3.500% | 03/25/43 | 1087000 | 902698 |
| FNMA, Series 2013-31, Class NT | 3.000% | 04/25/43 | 26161 | 24928 |
| FNMA, Series 2003-W10, Class 3A-5 | 4.299% | 06/25/43 | 2261403 | 2131330 |
| FNMA, Series 2013-84, Class B | 4.000% | 08/25/43 | 1500000 | 1347928 |
| FNMA, Series 2013-104, Class CY | 5.000% | 10/25/43 | 300000 | 306802 |
| FNMA, Series 2013-115, Class PB | 4.500% | 11/25/43 | 300000 | 278862 |
| FNMA, Series 2015-11, Class MZ | 4.000% | 12/25/43 | 5475574 | 5281700 |
| FNMA, Series 2014-2, Class PB | 4.000% | 02/25/44 | 442360 | 426832 |
| FNMA, Series 2015-24, Class ZA | 3.000% | 04/25/45 | 2037863 | 1827210 |
| FNMA, Series 2017-16, Class UW | 3.000% | 07/25/45 | 2044494 | 1861060 |
| FNMA, Series 2016-68, Class AL | 3.000% | 10/25/46 | 897128 | 817834 |
| FNMA, Series 2016-80, Class CZ | 3.000% | 11/25/46 | 659660 | 440904 |
| FNMA, Series 2017-77, Class HZ | 3.500% | 10/25/47 | 3591974 | 3293116 |
| FNMA, Series 2018-08, Class DZ | 3.500% | 02/25/48 | 499349 | 457255 |
| FNMA, Series 2022-4, Class QM | 2.000% | 03/25/48 | 1602020 | 1056327 |
| FNMA, Series 2018-31, Class KB | 3.500% | 05/25/48 | 171266 | 157143 |
| FNMA, Series 2018-31, Class KQ | 3.500% | 05/25/48 | 600000 | 544338 |
| FNMA, Series 2018-37, Class CL | 4.000% | 06/25/48 | 622735 | 510461 |
| FNMA, Series 2018-69, Class PZ | 3.500% | 09/25/48 | 1605522 | 1456876 |
| FNMA, Series 2018-66, Class PZ | 4.000% | 09/25/48 | 636069 | 513275 |
| FNMA, Series 2018-71, Class PZ | 4.000% | 09/25/48 | 15590009 | 14793575 |
| FNMA, Series 2018-77, Class BY | 3.000% | 10/25/48 | 2276278 | 2037891 |
| FNMA, Series 2019-01, Class MH | 3.000% | 02/25/49 | 142809 | 129037 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| FNMA, Series 2019-8, Class ZD | 3.500% | 03/25/49 | $604750 | $553323 |
| FNMA, Series 2019-038, Class MT | 3.000% | 07/25/49 | 718276 | 647931 |
| FNMA, Series 2019-40, Class PL | 4.000% | 07/25/49 | 318000 | 253884 |
| FNMA, Series 2019-42, Class DZ | 2.750% | 08/25/49 | 1794209 | 1243922 |
| FNMA, Series 2019-60, Class DZ | 2.500% | 10/25/49 | 1723893 | 1014322 |
| FNMA, Series 2019-60, Class WZ | 2.750% | 10/25/49 | 617572 | 405904 |
| FNMA, Series 2020-22, Class CA | 3.000% | 10/25/49 | 1277572 | 1165757 |
| FNMA, Series 2019-83, Class EB | 2.000% | 01/25/50 | 171000 | 93667 |
| FNMA, Series 2020-15, Class KY | 3.000% | 03/25/50 | 2077414 | 1478873 |
| FNMA, Series 2020-22, Class AY | 2.000% | 04/25/50 | 1254000 | 739194 |
| FNMA, Series 2020-42, Class BY | 2.000% | 06/25/50 | 935000 | 579641 |
| FNMA, Series 2020-50, Class A | 2.000% | 07/25/50 | 6243613 | 5258070 |
| FNMA, Series 2020-55, Class EY | 2.000% | 08/25/50 | 2300000 | 1642783 |
| FNMA, Series 2020-81, Class MA | 1.000% | 10/25/50 | 3477367 | 2724529 |
| FNMA, Series 2020-95, Class KY | 1.500% | 01/25/51 | 2060000 | 1208593 |
| FNMA, Series 2021-34, Class KC | 1.000% | 03/25/51 | 403489 | 217858 |
| FNMA, Series 2021-15, Class HD | 1.000% | 04/25/51 | 800138 | 597217 |
| FNMA, Series 2021-25, Class JB | 1.000% | 05/25/51 | 1355832 | 1044984 |
| FNMA, Series 2021-43, Class CJ | 1.000% | 07/25/51 | 2970516 | 2218269 |
| FNMA, Series 2021-43, Class ME | 1.500% | 07/25/51 | 2328357 | 1844832 |
| FNMA, Series 2021-66, Class NP | 1.000% | 10/25/51 | 3383040 | 2517181 |
| FNMA, Series 2021-79, Class EL | 1.500% | 11/25/51 | 6428838 | 5332807 |
| FNMA, Series 2021-73, Class ZD | 2.000% | 11/25/51 | 1495379 | 697603 |
| FNMA, Series 2022-1, Class GE | 1.500% | 02/25/52 | 3312737 | 2870209 |
| FNMA, Series 2022-49, Class GZ | 4.000% | 08/25/52 | 5174664 | 4547722 |
| FNMA, Series 2023-21, Class MY | 5.000% | 04/25/53 | 2047000 | 1930206 |
| FNMA, Series 2023-67, Class LA | 6.000% | 01/25/54 | 8560967 | 8799238 |
| FNMA, Series 2020-61, Class DB | 1.250% | 09/25/60 | 4425012 | 3296928 |
| GNMA, Series 2015-161, Class AV | 3.000% | 01/20/29 | 181350 | 178106 |
| GNMA, Series 2018-091, Class VL | 3.500% | 10/20/29 | 836455 | 814257 |
| GNMA, Series 2024-127, Class VC | 5.500% | 11/20/33 | 2187479 | 2227839 |
| GNMA, Series 2023-004, Class BV | 5.500% | 12/20/33 | 1002765 | 1023783 |
| GNMA, Series 2004-49, Class MZ | 6.000% | 06/20/34 | 634637 | 637844 |
| GNMA, Series 2023-115, Class VL | 6.000% | 06/20/34 | 3159882 | 3274235 |
| GNMA, Series 2023-167, Class VC | 6.500% | 08/20/34 | 8742558 | 8983856 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| GNMA, Series 2023-167, Class CV | 6.500% | 08/20/34 | $6908573 | $7189873 |
| GNMA, Series 2024-24, Class NV | 6.000% | 12/20/34 | 2065408 | 2069407 |
| GNMA, Series 2005-13, Class BG | 5.000% | 02/20/35 | 142823 | 143833 |
| GNMA, Series 2024-127, Class VQ | 5.000% | 08/20/35 | 6012122 | 6076745 |
| GNMA, Series 2015-123, Class VB | 3.500% | 09/20/35 | 157224 | 156482 |
| GNMA, Series 2006-17, Class JN | 6.000% | 04/20/36 | 88717 | 89378 |
| GNMA, Series 2008-51, Class PH | 5.250% | 06/20/38 | 56069 | 57037 |
| GNMA, Series 2009-2, Class PA | 5.000% | 12/20/38 | 27150 | 27125 |
| GNMA, Series 2014-79, Class HU | 3.000% | 02/16/40 | 443238 | 362408 |
| GNMA, Series 2011-34, Class MB | 4.000% | 03/20/41 | 1838604 | 1768966 |
| GNMA, Series 2018-124, Class Z | 4.000% | 03/20/41 | 4076937 | 3791751 |
| GNMA, Series 2012-74, Class LY | 2.500% | 06/20/42 | 932000 | 696350 |
| GNMA, Series 2012-134, Class KM | 2.000% | 09/20/42 | 342000 | 252574 |
| GNMA, Series 2012-113, Class NZ | 4.500% | 09/20/42 | 326331 | 302796 |
| GNMA, Series 2013-186, Class PY | 2.000% | 11/20/42 | 4500000 | 3943822 |
| GNMA, Series 2012-145, Class PY | 2.000% | 12/20/42 | 1900000 | 1587316 |
| GNMA, Series 2013-6, Class PE | 2.000% | 01/20/43 | 169000 | 133978 |
| GNMA, Series 2013-5, Class GY | 3.000% | 01/20/43 | 789000 | 646167 |
| GNMA, Series 2013-149, Class LZ | 2.500% | 10/20/43 | 2983473 | 2558566 |
| GNMA, Series 2014-58, Class PE | 4.000% | 04/20/44 | 10388000 | 9970985 |
| GNMA, Series 2015-179, Class ZB | 2.500% | 02/20/45 | 62886 | 51743 |
| GNMA, Series 2015-76, Class MZ | 3.000% | 05/20/45 | 2844155 | 2554831 |
| GNMA, Series 2016-37, Class YA | 3.000% | 12/20/45 | 1052778 | 920942 |
| GNMA, Series 2016-38, Class ZP | 3.500% | 03/20/46 | 83626 | 62612 |
| GNMA, Series 2016-74, Class PL | 3.000% | 05/20/46 | 1028927 | 936030 |
| GNMA, Series 2016-77, Class GY | 3.000% | 06/20/46 | 1110000 | 1008353 |
| GNMA, Series 2016-120, Class YZ | 3.000% | 09/20/46 | 500000 | 431851 |
| GNMA, Series 2016-118, Class LB | 3.000% | 09/20/46 | 500000 | 439418 |
| GNMA, Series 2016-116, Class AB | 3.000% | 09/20/46 | 1388167 | 1190174 |
| GNMA, Series 2017-080, Class BZ | 3.500% | 05/20/47 | 468331 | 358883 |
| GNMA, Series 2017-120, Class JZ | 4.000% | 08/20/47 | 723800 | 611988 |
| GNMA, Series 2019-092, Class DB | 2.250% | 01/20/48 | 1388203 | 1218004 |
| GNMA, Series 2018-006, Class JY | 2.750% | 01/20/48 | 362000 | 318313 |
| GNMA, Series 2018-14, Class MZ | 3.000% | 01/20/48 | 434092 | 281931 |
| GNMA, Series 2018-024, Class DL | 3.500% | 02/20/48 | 1623391 | 1488797 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| GNMA, Series 2018-46, Class CZ | 3.200% | 03/20/48 | $12540729 | $11063664 |
| GNMA, Series 2018-097, Class GY | 4.000% | 07/20/48 | 1162000 | 1124796 |
| GNMA, Series 2018-105, Class ZK | 4.000% | 08/20/48 | 530769 | 469974 |
| GNMA, Series 2018-120, Class PY | 3.500% | 09/20/48 | 526033 | 473955 |
| GNMA, Series 2018-154, Class ZU | 4.000% | 11/20/48 | 566222 | 473223 |
| GNMA, Series 2018-166, Class Z | 4.000% | 12/20/48 | 541633 | 448672 |
| GNMA, Series 2019-20, Class JK | 3.500% | 02/20/49 | 120497 | 112783 |
| GNMA, Series 2019-031, Class AZ | 5.000% | 03/20/49 | 157534 | 156756 |
| GNMA, Series 2019-042, Class AB | 3.250% | 04/20/49 | 6086078 | 5469820 |
| GNMA, Series 2019-052, Class HL | 4.000% | 04/20/49 | 490565 | 435613 |
| GNMA, Series 2019-085, Class MC | 2.500% | 06/20/49 | 748550 | 671618 |
| GNMA, Series 2019-99, Class EW | 3.000% | 08/20/49 | 540446 | 427207 |
| GNMA, Series 2019-99, Class GP | 3.500% | 08/20/49 | 517000 | 402419 |
| GNMA, Series 2021-66, Class YM | 3.500% | 09/20/49 | 1578489 | 1389533 |
| GNMA, Series 2019-152, Class LC | 3.500% | 10/20/49 | 2752470 | 2561979 |
| GNMA, Series 2020-015, Class EH | 2.500% | 02/20/50 | 1526803 | 1289709 |
| GNMA, Series 2020-93, Class CP | 2.900% | 04/20/50 | 2625104 | 2255207 |
| GNMA, Series 2020-093, Class AZ | 3.000% | 04/20/50 | 909363 | 645142 |
| GNMA, Series 2020-065, Class YC | 2.000% | 05/20/50 | 1088304 | 884898 |
| GNMA, Series 2020-84, Class LB | 1.250% | 06/20/50 | 4327365 | 3413360 |
| GNMA, Series 2021-58, Class NA | 1.000% | 07/20/50 | 468360 | 363221 |
| GNMA, Series 2020-097, Class ML | 2.500% | 07/20/50 | 1975000 | 1243278 |
| GNMA, Series 2020-133, Class ZM | 1.000% | 09/20/50 | 505598 | 181881 |
| GNMA, Series 2020-160, Class QD | 1.000% | 10/20/50 | 163028 | 81054 |
| GNMA, Series 2020-165, Class BP | 1.000% | 11/20/50 | 430904 | 363861 |
| GNMA, Series 2020-183, Class AE | 1.250% | 12/20/50 | 598103 | 315623 |
| GNMA, Series 2021-089, Class JY | 1.250% | 03/20/51 | 1524647 | 887987 |
| GNMA, Series 2021-86, Class MB | 1.000% | 05/20/51 | 707571 | 548176 |
| GNMA, Series 2021-081, Class KE | 1.500% | 05/20/51 | 4136177 | 2351922 |
| GNMA, Series 2021-097, Class PA | 1.000% | 06/20/51 | 1957471 | 1517326 |
| GNMA, Series 2021-096, Class JK | 1.500% | 06/20/51 | 2529678 | 1570557 |
| GNMA, Series 2021-121, Class JW | 1.500% | 07/20/51 | 1708699 | 962942 |
| GNMA, Series 2021-149, Class ZB | 3.000% | 08/20/51 | 321653 | 189309 |
| GNMA, Series 2022-69, Class BY | 2.000% | 10/20/51 | 1000000 | 781185 |
| GNMA, Series 2022-206, Class GZ | 4.500% | 10/20/51 | 1185804 | 1053695 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| GNMA, Series 2021-196, Class YZ | 1.500% | 11/20/51 | $1139727 | $530386 |
| GNMA, Series 2021-205, Class ZL | 1.500% | 11/20/51 | 4747556 | 2167268 |
| GNMA, Series 2021-216, Class QM | 1.500% | 12/20/51 | 1172581 | 666810 |
| GNMA, Series 2021-216, Class Z | 1.500% | 12/20/51 | 5987656 | 3421411 |
| GNMA, Series 2022-160, Class GZ | 1.750% | 01/20/52 | 14917027 | 8984333 |
| GNMA, Series 2022-10, Class QJ | 1.750% | 01/20/52 | 1253095 | 739954 |
| GNMA, Series 2023-152, Class JL | 6.000% | 01/20/52 | 2362155 | 2454319 |
| GNMA, Series 2022-84, Class AL | 3.500% | 05/20/52 | 2812353 | 2448435 |
| GNMA, Series 2022-101, Class PL | 4.500% | 06/20/52 | 9199000 | 8570959 |
| GNMA, Series 2022-205, Class CH | 5.000% | 06/20/52 | 3242719 | 3217095 |
| GNMA, Series 2022-129, Class PL | 4.000% | 07/20/52 | 3595000 | 3082976 |
| GNMA, Series 2022-125, Class JW | 5.000% | 07/20/52 | 2000000 | 1883015 |
| GNMA, Series 2022-136, Class PB | 4.000% | 08/20/52 | 1585000 | 1346294 |
| GNMA, Series 2022-160, Class QL | 4.500% | 09/20/52 | 5500000 | 5196496 |
| GNMA, Series 2022-172, Class MZ | 5.500% | 10/20/52 | 2187423 | 2196173 |
| GNMA, Series 2022-190, Class DZ | 5.750% | 11/20/52 | 2300101 | 2340671 |
| GNMA, Series 2022-197, Class JB | 6.000% | 11/20/52 | 1500715 | 1543397 |
| GNMA, Series 2022-205, Class CE | 5.000% | 12/20/52 | 2180598 | 2095143 |
| GNMA, Series 2022-209, Class JW | 5.500% | 12/20/52 | 2038000 | 2075724 |
| GNMA, Series 2023-13, Class JB | 5.250% | 01/20/53 | 505050 | 453951 |
| GNMA, Series 2023-4, Class BZ | 5.500% | 01/20/53 | 1764765 | 1660035 |
| GNMA, Series 2023-058, Class PZ | 5.500% | 01/20/53 | 6542560 | 6486736 |
| GNMA, Series 2023-004, Class PB | 5.500% | 01/20/53 | 3932000 | 3845215 |
| GNMA, Series 2023-070, Class BZ | 6.000% | 01/20/53 | 5212109 | 5407337 |
| GNMA, Series 2023-35, Class DB | 4.500% | 02/20/53 | 1233954 | 1156173 |
| GNMA, Series 2023-018, Class ZA | 5.000% | 02/20/53 | 1863992 | 1731023 |
| GNMA, Series 2023-45, Class HZ | 5.000% | 03/20/53 | 3399134 | 3150077 |
| GNMA, Series 2023-45, Class EZ | 6.000% | 03/20/53 | 2109402 | 2205754 |
| GNMA, Series 2023-065, Class LZ | 5.500% | 05/20/53 | 1331500 | 1278839 |
| GNMA, Series 2023-066, Class ZE | 6.500% | 05/20/53 | 3267609 | 3466455 |
| GNMA, Series 2023-082, Class GZ | 6.000% | 06/20/53 | 2687713 | 2756672 |
| GNMA, Series 2023-081, Class KB | 6.500% | 06/20/53 | 3836791 | 4022731 |
| GNMA, Series 2023-096, Class CB | 6.500% | 07/20/53 | 1843572 | 1943495 |
| GNMA, Series 2023-128, Class LZ | 6.000% | 08/20/53 | 7179815 | 7465026 |
| GNMA, Series 2023-117, Class LZ | 6.000% | 08/20/53 | 7730208 | 8070954 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 20.6% (Continued)** |  |  |  |  |
| GNMA, Series 2023-113, Class QC | 6.000% | 08/20/53 | $6188700 | $6473071 |
| GNMA, Series 2023-152, Class MY | 6.000% | 10/20/53 | 1592333 | 1654464 |
| GNMA, Series 2023-152, Class GX | 6.000% | 10/20/53 | 6587217 | 6867743 |
| GNMA, Series 2023-148, Class CB | 6.500% | 10/20/53 | 4188291 | 4409458 |
| GNMA, Series 2023-167, Class CZ | 6.500% | 11/20/53 | 8867637 | 9540907 |
| GNMA, Series 2023-169, Class MB | 6.500% | 11/20/53 | 2150480 | 2276857 |
| GNMA, Series 2023-171, Class BZ | 6.500% | 11/20/53 | 4174795 | 4370648 |
| GNMA, Series 2023-165, Class AZ | 7.000% | 11/20/53 | 5495017 | 6081029 |
| GNMA, Series 2024-28, Class GM | 6.500% | 02/20/54 | 4864697 | 5084754 |
| GNMA, Series 2024-23, Class AZ | 6.500% | 02/20/54 | 8741732 | 9188960 |
| GNMA, Series 2017-H18, Class EB <sup>(b)</sup> | 4.811% | 06/20/63 | 40245 | 40100 |
| GNMA, Series 2023-152, Class TW | 6.500% | 10/20/63 | 10605596 | 11183731 |
| GNMA, Series 2014-H14, Class FA (1\* TSFR1M + 61) <sup>(b)</sup> | 4.942% | 07/20/64 | 97983 | 98001 |
| GNMA, Series 2016-H11, Class FD (1\* TSFR12M + 112) <sup>(b)</sup> | 5.075% | 05/20/66 | 82894 | 83494 |
| GNMA, Series 2017-H16, Class DB <sup>(b)</sup> | 4.506% | 08/20/67 | 13799 | 13651 |
|  |  |  |  | 606059679 |
| **Agency MBS CMO Derivatives - 0.5%** |  |  |  |  |
| FHLMC, Series 3919, Class QS (IO) (-1\* SOFR + 670) <sup>(b)</sup> | 2.213% | 08/15/30 | 495160 | 19428 |
| FHLMC, Series 226, Class (PO), Pool #S0-3651 | 0.000% | 02/01/34 | 67211 | 57875 |
| FHLMC, Series 3102, Class TA (IO) (-7.5\* SOFR30A + 64) <sup>(b)</sup> | 7.500% | 01/15/36 | 147733 | 147336 |
| FHLMC, Series 3607, Class AO (PO) | 0.000% | 04/15/36 | 46278 | 39915 |
| FHLMC, Series 237, Class S14 (IO) (-1\* SOFR + 660) <sup>(b)</sup> | 2.113% | 05/15/36 | 198870 | 22432 |
| FHLMC, Series 3199, Class OC (PO) | 0.000% | 08/15/36 | 62830 | 53746 |
| FHLMC, Series 3607, Class OP (PO) | 0.000% | 07/15/37 | 181392 | 155534 |
| FHLMC, Series 3852, Class NT (IO) (-1\* SOFR30A + 611) <sup>(b)</sup> | 1.513% | 05/15/41 | 1448365 | 1246819 |
| FHLMC, Series 4422, Class DO (PO) | 0.000% | 10/15/41 | 627202 | 492509 |
| FHLMC, Series 4074, Class SJ (IO) (-1\* SOFR + 662) <sup>(b)</sup> | 2.133% | 07/15/42 | 555446 | 70414 |
| FHLMC, Class (PO), Pool #S0-6050 | 0.000% | 08/15/42 | 113213 | 88175 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO Derivatives - 0.5% (Continued)** |  |  |  |  |
| FHLMC, Class (PO), Pool #S0-6829 | 0.000% | 09/15/43 | $208541 | $161787 |
| FHLMC, Series 322, Class (PO), Pool #S0-7033 <br> (-1.6\* SOFR30A + 955) <sup>(b)</sup> | 2.262% | 12/15/43 | 1074806 | 997952 |
| FNMA, Series 2012-148, Class IA (IO) | 4.000% | 01/25/28 | 27274 | 415 |
| FNMA, Series 2004-91, Class SP (IO) (-2.4\* SOFR + 1680) <sup>(b)</sup> | 6.071% | 10/25/31 | 83976 | 90121 |
| FNMA, Series 2004-61, Class GO (PO) | 0.000% | 11/25/32 | 178634 | 162541 |
| FNMA, Series 2013-89, Class DI (IO) | 4.000% | 08/25/33 | 638399 | 43716 |
| FNMA, Series 2015-82, Class AI (IO) | 3.500% | 06/25/34 | 285062 | 13110 |
| FNMA, Series 2016-28, Class DI (IO) | 3.500% | 03/25/35 | 278758 | 13499 |
| FNMA, Series 384, Class 11 (IO) | 5.000% | 03/25/35 | 302583 | 39625 |
| FNMA, Series 2005-52, Class JH (IO) (-1\* SOFR + 660) <sup>(b)</sup> | 2.137% | 05/25/35 | 152046 | 7262 |
| FNMA, Class (IO) <sup>(b)</sup> | 5.000% | 06/25/35 | 371103 | 49888 |
| FNMA, Series 2016-24, Class KI (IO) | 3.500% | 07/25/35 | 202019 | 13064 |
| FNMA, Class (IO) | 5.000% | 02/25/36 | 257398 | 31334 |
| FNMA, Series 2006-96, Class MO (PO) | 0.000% | 10/25/36 | 11150 | 10142 |
| FNMA, Series 398, Class C5 (IO) | 5.000% | 05/25/39 | 448136 | 78288 |
| FNMA, Series 2010-44, Class CS (IO) (-1\* SOFR + 655) <sup>(b)</sup> | 2.079% | 05/25/40 | 33673 | 3407 |
| FNMA, Series 409, Class C1 (IO) | 4.000% | 04/01/42 | 684474 | 123369 |
| FNMA, Series 2012-99, Class QS (IO) (-1\* SOFR + 660) <sup>(b)</sup> | 2.137% | 09/25/42 | 1302338 | 189254 |
| FNMA, Series 2012-128, Class WS (IO) (-1\* SOFR + 400) <sup>(b)</sup> | 0.000% | 11/25/42 | 1065507 | 718349 |
| FNMA, Series 2012-128, Class SH (IO) (-1\* SOFR + 400) <sup>(b)</sup> | 0.000% | 11/25/42 | 4502962 | 3175411 |
| FNMA, Series 2016-32, Class GO (PO) | 0.000% | 01/25/43 | 11453 | 4786 |
| FNMA, Series 2016-30, Class IN (IO) | 3.500% | 02/25/43 | 397272 | 10776 |
| FNMA, Series 2019-31, Class CI (IO) | 4.000% | 02/25/47 | 431546 | 21072 |
| GNMA, Series 2011-139, Class LS (IO) (-1\* TSFR1M + 511) <sup>(b)</sup> | 0.532% | 03/16/38 | 1704118 | 87431 |
| GNMA, Series 2013-147, Class SD (IO) (-1\* TSFR1M + 676) <sup>(b)</sup> | 2.195% | 12/20/39 | 987091 | 122495 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO Derivatives - 0.5% (Continued)** |  |  |  |  |
| GNMA, Series 2011-21, Class SA (IO) (-1\* TSFR1M + 611) <sup>(b)</sup> | 1.739% | 02/16/41 | $1134478 | $115383 |
| GNMA, Series 2013-113, Class QS (IO) (-1\* TSFR1M + 631) <sup>(b)</sup> | 1.745% | 02/20/42 | 176971 | 14260 |
| GNMA, Series 2013-82, Class NS (IO) (-1\* TSFR1M + 411) <sup>(b)</sup> | 0.000% | 05/20/43 | 1294967 | 706780 |
| GNMA, Series 2017-004, Class WI (IO) | 4.000% | 02/20/44 | 402734 | 18879 |
| GNMA, Series 2016-32, Class MS (IO) (-1\* TSFR1M + 616) <sup>(b)</sup> | 1.595% | 03/20/46 | 1336830 | 161137 |
| GNMA, Series 2019-098, Class BI (IO) | 3.000% | 06/20/49 | 847484 | 206015 |
| GNMA, Series 2022-200, Class SC (IO) (-3.67\* SOFR30A + 23) <sup>(b)</sup> | 6.618% | 11/20/52 | 4531369 | 5010159 |
|  |  |  |  | 14795890 |
| **Agency MBS Passthrough - 8.4%** |  |  |  |  |
| FHLMC, Pool #U5-9010 | 4.000% | 11/01/34 | 180525 | 179018 |
| FHLMC, Pool #G6-1909 | 4.500% | 12/01/37 | 212011 | 212251 |
| FHLMC, Pool #G0-6085 | 6.500% | 09/01/38 | 28311 | 29804 |
| FHLMC, Pool #RB-5090 | 2.000% | 12/01/40 | 13662911 | 11836956 |
| FHLMC, Pool #2B-7995 | 2.523% | 10/01/50 | 3503141 | 3268842 |
| FHLMC, Pool #RE-6080 | 1.500% | 11/01/50 | 4353613 | 3263460 |
| FHLMC, Pool #RE-0015 | 3.000% | 11/01/50 | 5121143 | 4588978 |
| FHLMC, Pool #RE-6085 | 1.500% | 02/01/51 | 761011 | 570449 |
| FHLMC, Pool #RE-6093 | 1.500% | 04/01/51 | 1174137 | 880130 |
| FHLMC, Series 4839, Class AL | 4.000% | 04/15/51 | 2326401 | 1998646 |
| FHLMC, Pool #8C-0205 | 1.854% | 02/01/52 | 3339016 | 3120153 |
| FHLMC, Pool #QH-7551 | 6.000% | 12/01/53 | 4829202 | 4963614 |
| FNMA, Pool #252409 | 6.500% | 03/01/29 | 21329 | 21684 |
| FNMA, Pool #AS7287 | 3.500% | 06/01/31 | 157285 | 155540 |
| FNMA, Pool #AL3200 | 3.500% | 02/01/33 | 153495 | 149219 |
| FNMA, Pool #AT7120 | 3.500% | 06/01/33 | 232558 | 227482 |
| FNMA, Pool #AL5166 | 3.000% | 11/01/33 | 1085647 | 1041180 |
| FNMA, Pool #AL6685 | 4.000% | 01/01/35 | 438196 | 432186 |
| FNMA, Pool #MA2198 | 3.500% | 03/01/35 | 172319 | 167544 |
| FNMA, Pool #MA3050 | 4.500% | 06/01/37 | 282842 | 285491 |
| FNMA, Pool #FS7218 | 1.500% | 02/01/42 | 2808368 | 2367437 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS Passthrough - 8.4% (Continued)** |  |  |  |  |
| FNMA, Pool #BM7598 | 3.000% | 02/01/43 | $5221616 | $4796396 |
| FNMA, Pool #AS4073 | 4.000% | 12/01/44 | 140616 | 135440 |
| FNMA, Pool #AS5236 | 4.000% | 05/01/45 | 878144 | 844911 |
| FNMA, Pool #MA2778 | 3.500% | 10/01/46 | 75011 | 69224 |
| FNMA, Series 2017-10, Class LZ | 3.000% | 03/25/47 | 4300143 | 3791841 |
| FNMA, Pool #BM6504 | 3.500% | 01/01/48 | 8813966 | 8188544 |
| FNMA, Pool #BM6530 | 3.000% | 10/01/48 | 264019 | 239025 |
| FNMA, Pool #BM6732 | 4.000% | 11/01/48 | 13131414 | 12781374 |
| FNMA, Pool #CA6940 | 2.247% | 09/01/50 | 2243251 | 2084775 |
| FNMA, Pool #BP7449 | 2.041% | 10/01/50 | 735658 | 710654 |
| FNMA, Pool #BM6452 | 2.114% | 10/01/50 | 2791089 | 2576950 |
| FNMA, Pool #BQ5239 | 2.222% | 10/01/50 | 1453503 | 1409176 |
| FNMA, Pool #MA4199 | 1.500% | 11/01/50 | 735630 | 551430 |
| FNMA, Pool #CA8249 | 1.500% | 12/01/50 | 7112734 | 5491113 |
| FNMA, Pool #BK8466 | 2.241% | 12/01/50 | 1016653 | 940178 |
| FNMA, Pool #CA9112 | 1.500% | 02/01/51 | 14944040 | 11202117 |
| FNMA, Pool #MA4294 | 1.500% | 03/01/51 | 2719150 | 2038292 |
| FNMA, Pool #BR9977 | 1.782% | 06/01/51 | 2315114 | 2093758 |
| FNMA, Pool #DA1521 | 6.000% | 10/01/53 | 7683195 | 7897032 |
| FNMA, Pool #FS9979 | 6.000% | 09/01/54 | 24213630 | 24933578 |
| FNMA, Pool #DC6991 | 5.000% | 12/01/54 | 30695926 | 30500880 |
| FNMA, Pool #DC6393 | 6.000% | 04/01/55 | 14493539 | 14941153 |
| GNMA, Pool #MA5738M | 4.000% | 02/20/34 | 115452 | 115477 |
| GNMA, Pool #MA7385M | 2.000% | 06/20/36 | 1274841 | 1124299 |
| GNMA, Pool #784279 | 5.500% | 11/15/38 | 200394 | 205901 |
| GNMA, Pool #711522X | 4.500% | 07/15/40 | 189567 | 191743 |
| GNMA, Pool #784991 | 3.000% | 04/20/46 | 3254850 | 2893299 |
| GNMA, Pool #78541 | 4.500% | 06/15/46 | 76338 | 76272 |
| GNMA, Pool #784792 | 4.500% | 08/20/49 | 358805 | 337936 |
| GNMA, Pool #MA7248 | 3.000% | 03/20/51 | 1003589 | 878954 |
| GNMA, Pool #CI6717 | 3.000% | 10/20/51 | 1768054 | 1579058 |
| GNMA, Pool #MA7929M | 3.500% | 03/20/52 | 6183848 | 5548949 |
| GNMA, Pool #787258 | 3.500% | 08/20/52 | 8751104 | 7873898 |
| GNMA, Pool #CM7497C | 5.000% | 08/20/52 | 4308912 | 4287823 |
| GNMA, Pool #CX4361C | 8.000% | 11/20/53 | 333884 | 350926 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS Passthrough - 8.4% (Continued)** |  |  |  |  |
| GNMA, Pool #MA9367 | 8.000% | 12/20/53 | $3846793 | $4023924 |
| GNMA, Pool #MA9428M | 8.000% | 01/20/54 | 1343648 | 1388782 |
| GNMA, Pool #CR2128 | 3.000% | 04/20/55 | 806264 | 707050 |
| GNMA, Pool #CN5057 | 4.500% | 07/20/62 | 1703459 | 1635606 |
| GNMA, Pool #CN5236C | 4.000% | 08/20/62 | 3725320 | 3455537 |
| GNMA, Pool #CN5237 | 4.500% | 08/20/62 | 1541771 | 1480354 |
| GNMA, Pool #CP5023C | 6.000% | 08/20/62 | 1769482 | 1792204 |
| GNMA, Pool #CQ3549 | 3.000% | 10/20/62 | 220234 | 193117 |
| GNMA, Pool #CS5780 | 3.000% | 02/20/63 | 324677 | 284702 |
| GNMA, Pool #DJ1126 | 7.000% | 04/20/65 | 27377852 | 28078209 |
|  |  |  |  | 246481925 |
| **ARM - 0.0% <sup>(c)</sup>** |  |  |  |  |
| Structured Asset Securities Corp., Series 2003-37A, Class 2-A <sup>(b)</sup> | 5.683% | 12/25/33 | 3705 | 3646 |
| **Auto Loan - 2.8%** |  |  |  |  |
| ACM Auto Trust, Series 2024-2A, Class A <sup>(d)</sup> | 6.060% | 02/20/29 | 316831 | 316635 |
| ACM Auto Trust, Series 2025-3A, Class A <sup>(d)</sup> | 5.010% | 01/22/30 | 4765475 | 4747813 |
| ACM Auto Trust, Series 2024-1A, Class B <sup>(d)</sup> | 11.400% | 01/21/31 | 1466881 | 1480928 |
| ACM Auto Trust, Series 2024-2A, Class B <sup>(d)</sup> | 9.210% | 08/20/31 | 600000 | 603496 |
| ACM Auto Trust, Series 2025-1A, Class B <sup>(d)</sup> | 7.870% | 11/20/31 | 3000000 | 3004051 |
| ACM Auto Trust, Series 2025-2A, Class B <sup>(d)</sup> | 7.250% | 02/20/32 | 1200000 | 1182197 |
| ACM Auto Trust, Series 2025-3A, Class B <sup>(d)</sup> | 6.080% | 07/20/32 | 2600000 | 2529259 |
| AgoraCapital Auto Securities Trust, Series 2025-1A, Class A <sup>(d)</sup> | 6.400% | 11/25/32 | 4810341 | 4823505 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2022-2A, <br> Class C <sup>(d)</sup> | 9.840% | 03/15/29 | 2700000 | 2826372 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2024-1A, <br> Class B <sup>(d)</sup> | 6.870% | 06/17/30 | 2000000 | 2052092 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, <br> Class B <sup>(d)</sup> | 5.110% | 11/15/31 | 5640000 | 5655141 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, <br> Class D <sup>(d)</sup> | 5.820% | 01/15/32 | 2975000 | 2982289 |
| Exeter Automobile Receivables Trust, Series 2021-2, Class D | 1.400% | 04/15/27 | 2835724 | 2808529 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Auto Loan - 2.8% (Continued)** |  |  |  |  |
| FHF Trust, Series 2021-2A, Class B <sup>(d)</sup> | 1.630% | 09/15/27 | $3945635 | $3939979 |
| FinBe USA Trust, Series 2025-1A, Class B <sup>(d)</sup> | 6.600% | 12/16/30 | 3400000 | 3401531 |
| First Help Financial, LLC, Series 2023-2, Class D <sup>(d)</sup> | 9.503% | 10/15/30 | 1750000 | 1856401 |
| Hertz Vehicle Financing, LLC, Series 2024-2A, Class C <sup>(d)</sup> | 7.650% | 01/27/31 | 5000000 | 5152394 |
| Huntington National Bank (The), Series 2025-2, Class B1 <sup>(d)</sup> | 4.835% | 09/20/33 | 5621384 | 5635136 |
| Merchants Fleet Funding, LLC, Series 2023-1A, Class D <sup>(d)</sup> | 8.200% | 05/20/36 | 4000000 | 4062626 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2024-1A, <br> Class B <sup>(d)</sup> | 7.960% | 06/25/32 | 5348702 | 5408211 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-1A, <br> Class C <sup>(d)</sup> | 6.675% | 06/27/33 | 9800000 | 9906180 |
| Tricolor Auto Securitization Trust, Series 2024-1A, Class B <sup>(d)(e)(f)</sup> | 6.530% | 12/15/27 | 4000000 | 4000000 |
| Tricolor Auto Securitization Trust, Series 2024-3A, Class B <sup>(d)(e)(f)</sup> | 5.360% | 09/15/28 | 1625000 | 1592500 |
| Tricolor Auto Securitization Trust, Series 2024-3A, Class C <sup>(d)(e)(f)</sup> | 5.730% | 12/15/28 | 1920000 | 1854720 |
| US Bank NA, Series 2023-1, Class B <sup>(d)</sup> | 6.789% | 08/25/32 | 336493 | 340408 |
|  |  |  |  | 82162393 |
| **CRE/CLO - 1.4%** |  |  |  |  |
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class C <sup>(d)</sup> | 6.500% | 12/18/37 | 1850000 | 1819009 |
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class D <br> (1\* TSFR1M + 271) <sup>(b)(d)</sup> | 7.350% | 12/18/37 | 1000000 | 980622 |
| Acre Commercial Mortgage Trust, Series 2021-FL4, Class E <br> (1\* TSFR1M + 321) <sup>(b)(d)</sup> | 7.850% | 12/18/37 | 675000 | 658222 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2021-FL3, <br> Class AS (1\* TSFR1M + 151) <sup>(b)(d)</sup> | 5.665% | 08/15/34 | 2557000 | 2556189 |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1,<br> Class B (1\* TSFR1M + 319) <sup>(b)(d)</sup> | 7.527% | 01/18/41 | 2500000 | 2498763 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **CRE/CLO - 1.4% (Continued)** |  |  |  |  |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1,<br> Class C (1\* TSFR1M + 369) <sup>(b)(d)</sup> | 8.027% | 01/18/41 | $4000000 | $3998012 |
| Arbor Realty Commerical Real Estate Notes, Series 2025-FL1, <br> Class C (1\* TSFR1M + 269) <sup>(b)(d)</sup> | 7.033% | 08/20/42 | 2400000 | 2398613 |
| AREIT CRE Trust, Series 2022-CRE7, Class C (1\* SOFR + 384) <sup>(b)(d)</sup> | 7.986% | 06/17/39 | 900000 | 900589 |
| BXMT Ltd., Series 2020-FL3, Class A (1\* TSFR1M + 151) <sup>(b)(d)</sup> | 6.378% | 11/15/37 | 2972213 | 2973051 |
| BXMT Ltd., Series 2020-FL3, Class D (1\* TSFR1M + 291) <sup>(b)(d)</sup> | 7.778% | 11/15/37 | 1500000 | 1450052 |
| BXMT Ltd., Series 2020-FL2, Class B (1\* TSFR1M + 151) <sup>(b)(d)</sup> | 6.128% | 02/15/38 | 2240000 | 2228860 |
| BXMT Ltd., Series 2020-FL2, Class D (1\* TSFR1M + 206) <sup>(b)(d)</sup> | 6.678% | 02/15/38 | 3134000 | 3066036 |
| BXMT Ltd., Series 2021-FL4, Class C (1\* TSFR1M + 186) <sup>(b)(d)</sup> | 6.228% | 05/15/38 | 1600000 | 1551429 |
| BXMT Ltd., Series 2021-FL4, Class D (1\* TSFR1M + 236) <sup>(b)(d)</sup> | 6.728% | 05/15/38 | 2250000 | 2157759 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL6, <br> Class AS (1\* TSFR1M + 156) <sup>(b)(d)</sup> | 5.700% | 07/16/36 | 4431000 | 4427703 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2022-FL10, <br> Class B (1\* TSFR1M + 374) <sup>(b)(d)</sup> | 7.869% | 09/17/37 | 3000000 | 3001398 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2022-FL10, <br> Class D (1\* TSFR1M + 573) <sup>(b)(d)</sup> | 9.863% | 09/17/37 | 750000 | 753600 |
| PFP III, Series 2024-11, Class D (1\* TSFR1M + 409) <sup>(b)(d)</sup> | 8.305% | 09/17/39 | 2500000 | 2465525 |
|  |  |  |  | 39885432 |
| **Credit Cards - 0.4%** |  |  |  |  |
| Genesis Sales Finance Master Trust, Series 2024-B, Class D <sup>(b)(d)</sup> | 7.040% | 12/20/32 | 5000000 | 5039809 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Credit Cards - 0.4% (Continued)** |  |  |  |  |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class B <sup>(d)</sup> | 7.430% | 07/20/29 | $5000000 | $5057741 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class C <sup>(d)</sup> | 7.320% | 08/15/29 | 3000000 | 3026094 |
|  |  |  |  | 13123644 |
| **Equipment - 0.8%** |  |  |  |  |
| Blue Bridge Funding, Inc., Series 2023-1, Class A <sup>(d)</sup> | 7.370% | 11/15/30 | 626877 | 632749 |
| CLI Funding VI, LLC, Series 2020-1, Class B <sup>(d)</sup> | 3.620% | 09/18/45 | 321524 | 305598 |
| CPF IV, LLC, Series 2023-2, Class A <sup>(d)</sup> | 7.480% | 03/15/32 | 943133 | 951681 |
| CPF IV, LLC, Series 2023-2, Class C <sup>(d)</sup> | 7.560% | 03/15/32 | 2000000 | 1988497 |
| Dext ABS, Series 2023-2, Class D <sup>(d)</sup> | 8.300% | 05/15/34 | 1500000 | 1597500 |
| MMP Capital, LLC, Series 2025-A, Class A <sup>(d)</sup> | 5.360% | 12/15/31 | 8423722 | 8487448 |
| NMEF Funding, LLC, Series 2022-B, Class C <sup>(d)</sup> | 8.540% | 06/15/29 | 4500000 | 4616181 |
| NMEF Funding, LLC, Series 2023-A, Class C <sup>(d)</sup> | 8.040% | 06/17/30 | 3500000 | 3658547 |
| Stellar Jay Ireland DAC, Series 2021-1, Class B <sup>(d)</sup> | 5.926% | 10/15/41 | 333773 | 334467 |
|  |  |  |  | 22572668 |
| **HECM - 4.0%** |  |  |  |  |
| Boston Lending Trust, Series 2022-1, Class M2 <sup>(d)</sup> | 2.750% | 02/25/62 | 552643 | 510129 |
| Brean Asset Backed Securities Trust, Series 2022-RM4, Class M1 <sup>(d)</sup> | 3.000% | 07/25/62 | 1101086 | 948626 |
| Brean Asset Backed Securities Trust, Series 2022-RM5, Class M2 <sup>(d)</sup> | 4.500% | 09/25/62 | 2970598 | 2658947 |
| Brean Asset Backed Securities Trust, Series 2022-RM5, Class M1 <sup>(d)</sup> | 4.500% | 09/25/62 | 2627837 | 2445313 |
| Brean Asset Backed Securities Trust, Series 2022-RM5, Class A <sup>(d)</sup> | 4.500% | 09/25/62 | 4393594 | 4309473 |
| Brean Asset Backed Securities Trust, Series 2023-RM6, Class M2 <sup>(d)</sup> | 5.250% | 01/25/63 | 3094873 | 2944957 |
| Brean Asset Backed Securities Trust, Series 2023-RM6, Class M1 <sup>(d)</sup> | 5.250% | 01/25/63 | 3094873 | 3011746 |
| Brean Asset Backed Securities Trust, Series 2023-SRM1, Class M3 <sup>(d)</sup> | 4.000% | 09/25/63 | 3085932 | 2771909 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **HECM - 4.0% (Continued)** |  |  |  |  |
| Brean Asset Backed Securities Trust, Series 2023-SRM1, Class M1 <sup>(d)</sup> | 4.000% | 09/25/63 | $3248349 | $3167519 |
| Brean Asset Backed Securities Trust, Series 2024-RM9, Class A1 <sup>(d)</sup> | 5.000% | 09/25/64 | 3154539 | 3133230 |
| Brean Asset Backed Securities Trust, Series 2025-RM10, Class A2 <sup>(d)</sup> | 5.000% | 01/25/65 | 6800000 | 6610188 |
| Brean Asset Backed Securities Trust, Series 2025-RM12, Class A2 <sup>(d)</sup> | 4.500% | 07/25/65 | 6675000 | 6295332 |
| Brean Asset Backed Securities Trust, Series 2025-RM12, Class M3 <sup>(d)</sup> | 4.500% | 07/25/65 | 2315839 | 1865687 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class M1 <sup>(d)</sup> | 4.500% | 03/25/78 | 3249380 | 3028991 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class A2 <sup>(d)</sup> | 4.500% | 03/25/78 | 6039000 | 5844708 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class A1 <sup>(d)</sup> | 4.500% | 03/25/78 | 7792428 | 7672306 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class M3 <sup>(b)(d)</sup> | 3.000% | 05/25/34 | 2000000 | 1895322 |
| Cascade Funding Mortgage Trust, Series 2024-2, Class M3 <sup>(b)(d)</sup> | 3.000% | 06/25/34 | 4000000 | 3804441 |
| Cascade Funding Mortgage Trust, Series 2024-2, Class M2 <sup>(d)</sup> | 3.000% | 06/25/34 | 2000000 | 1916955 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M3 <sup>(b)(d)</sup> | 4.000% | 08/25/34 | 5500000 | 5298203 |
| Ocwen Loan Investment Trust, Series 2023-HB1, Class M2 <sup>(d)</sup> | 3.000% | 06/25/36 | 3000000 | 2947452 |
| Ocwen Loan Investment Trust, Series 2023-HB1, Class M3 <sup>(d)</sup> | 3.000% | 06/25/36 | 4000000 | 3912658 |
| Ocwen Loan Investment Trust, Series 2024-HB1, Class M2 <sup>(d)</sup> | 3.000% | 02/25/37 | 1500000 | 1448155 |
| Ocwen Loan Investment Trust, Series 2024-HB1, Class M3 <sup>(d)</sup> | 3.000% | 02/25/37 | 3500000 | 3343145 |
| Onity Loan Investment Trust, Series 2024-HB2, Class M3 <sup>(d)</sup> | 5.000% | 08/25/37 | 2500000 | 2440824 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **HECM - 4.0% (Continued)** |  |  |  |  |
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M3 <sup>(d)</sup> | 3.690% | 11/25/31 | $1550000 | $1478185 |
| RMF Buyout Issuance Trust, Series 2021-HB1, Class M4 <sup>(d)</sup> | 4.704% | 11/25/31 | 5000000 | 4750495 |
| RMF Buyout Issuance Trust, Series 2020-HB1, Class AI <sup>(b)(d)</sup> | 1.719% | 10/25/50 | 1674732 | 1575378 |
| RMF Buyout Issuance Trust, Series 2020-HB1, Class AB <sup>(d)</sup> | 1.744% | 10/25/50 | 3038721 | 2840475 |
| RMF Buyout Issuance Trust, Series 2020-HB1, Class M1 <sup>(d)</sup> | 2.619% | 10/25/50 | 1500000 | 1290430 |
| RMF Proprietary Issuance Trust, Series 2021-2, Class A <sup>(d)</sup> | 2.125% | 09/25/61 | 4086881 | 3802185 |
| RMF Proprietary Issuance Trust, Series 2022-1, Class A <sup>(d)</sup> | 3.000% | 01/25/62 | 1970741 | 1879128 |
| RMF Proprietary Issuance Trust, Series 2022-2, Class M3 <sup>(d)</sup> | 3.750% | 06/25/62 | 1100000 | 978459 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class A <sup>(d)</sup> | 4.000% | 08/25/62 | 4890345 | 4771118 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class M1 <sup>(d)</sup> | 4.000% | 08/25/62 | 5000000 | 4659908 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class M3 <sup>(d)</sup> | 4.000% | 08/25/62 | 2500000 | 2219986 |
| RMF Proprietary Issuance Trust II, Series 2022-1, Class M1 <sup>(d)</sup> | 3.000% | 01/25/62 | 1400000 | 1298219 |
| RMF Proprietary Issuance Trust III, Series 2022-1, Class M2 <sup>(d)</sup> | 3.000% | 01/25/62 | 1000000 | 907450 |
|  |  |  |  | 116677632 |
| **Hospitality - 0.5%** |  |  |  |  |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class B <br> (1\* TSFR1M + 255) <sup>(b)(d)</sup> | 6.700% | 08/15/42 | 3500000 | 3502188 |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class C <br> (1\* TSFR1M + 330) <sup>(b)(d)</sup> | 7.450% | 08/15/42 | 5850000 | 5853656 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Hospitality - 0.5% (Continued)** |  |  |  |  |
| INTOWN Mortgage Trust, Series 2025-STAY, Class D <br> (1\* TSFR1M + 285) <sup>(b)(d)</sup> | 7.000% | 03/15/42 | $3150000 | $3146063 |
| MCR Mortgage Trust, Series 2024-TWA, Class D <sup>(d)</sup> | 7.402% | 06/12/39 | 3500000 | 3549459 |
|  |  |  |  | 16051366 |
| **Industrial - 0.7%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2025-VLT6, Class D <br> (1\* TSFR1M + 259) <sup>(b)(d)</sup> | 6.742% | 03/15/30 | 5750000 | 5742813 |
| BX Trust, Series 2025-VLT7, Class D (1\* TSFR1M + 325) <sup>(b)(d)</sup> | 7.400% | 07/15/27 | 7500000 | 7556250 |
| BX Trust, Series 2025-BCAT, Class D (1\* TSFR1M + 265) <sup>(b)(d)</sup> | 7.000% | 08/15/42 | 3449825 | 3459409 |
| DK Trust, Series 2025-LXP, Class C <sup>(d)</sup> | 6.592% | 08/15/37 | 3150000 | 3152953 |
| DK Trust, Series 2025-LXP, Class D <sup>(d)</sup> | 7.241% | 08/15/37 | 1650000 | 1652063 |
|  |  |  |  | 21563488 |
| **Laboratory - 1.6%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-BIO2, Class D <sup>(d)</sup> | 7.970% | 08/13/41 | 4400000 | 4378167 |
| Commercial Mortgage Trust, Series 2020-CX, Class A <sup>(d)</sup> | 2.173% | 11/10/46 | 11815000 | 10191416 |
| Commercial Mortgage Trust, Series 2020-CX, Class B <sup>(d)</sup> | 2.446% | 11/10/46 | 7260000 | 6175738 |
| Life Financial Services Trust, Series 2021-BMR, Class D <br> (1\* TSFR1M + 151) <sup>(b)(d)</sup> | 5.664% | 03/15/38 | 4550000 | 4521563 |
| Life Financial Services Trust, Series 2021-BMR, Class E <br> (1\* TSFR1M + 186) <sup>(b)(d)</sup> | 6.014% | 03/15/38 | 1064700 | 1055384 |
| Life Financial Services Trust, Series 2022-BMR2, Class A1 <br> (1\* TSFR1M + 130) <sup>(b)(d)</sup> | 5.445% | 05/15/39 | 10250000 | 9968125 |
| Life Financial Services Trust, Series 2022-BMR2, Class B <br> (1\* TSFR1M + 179) <sup>(b)(d)</sup> | 5.944% | 05/15/39 | 3000000 | 2812289 |
| VLS Commercial Mortgage Trust, Series 2020-LAB, Class A <sup>(d)</sup> | 2.130% | 10/10/42 | 9060000 | 7742920 |
|  |  |  |  | 46845602 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Manufactured Housing - 0.0% <sup>(c)</sup>** |  |  |  |  |
| Cascade Manufactured Housing Asset Trust, Series 2019-MH1, Class M <sup>(b)(d)</sup> | 5.985% | 11/25/44 | $100000 | $96789 |
| **Multifamily - 1.4%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-AIRC, Class D <br> (1\* TSFR1M + 309) <sup>(b)(d)</sup> | 7.239% | 08/15/39 | 7770420 | 7789804 |
| FREMF Mortgage Trust, Series 2018-KF53, Class B (1\* SOFR + 205) <sup>(b)(d)</sup> | 6.519% | 10/25/25 | 491756 | 491061 |
| FREMF Mortgage Trust, Series 2019-KF58, Class B (1\* SOFR30A + 226) <sup>(b)(d)</sup> | 6.619% | 01/25/26 | 1688582 | 1679298 |
| FREMF Mortgage Trust, Series 2018-KF43, Class B (1\* SOFR + 215) <sup>(b)(d)</sup> | 6.619% | 01/25/28 | 236208 | 228597 |
| FREMF Mortgage Trust, Series 2018-KF46, Class B (1\* SOFR30A + 206) <sup>(b)(d)</sup> | 6.419% | 03/25/28 | 137837 | 132955 |
| FREMF Mortgage Trust, Series 2018-KF48, Class B (1\* SOFR + 205) <sup>(b)(d)</sup> | 6.519% | 06/25/28 | 1438424 | 1366472 |
| FREMF Mortgage Trust, Series 2018-KF50, Class B (1\* SOFR + 190) <sup>(b)(d)</sup> | 6.369% | 07/25/28 | 338254 | 325221 |
| FREMF Mortgage Trust, Series 2019-KF57, Class B (1\* SOFR + 225) <sup>(b)(d)</sup> | 6.719% | 01/25/29 | 1054297 | 1007723 |
| FREMF Mortgage Trust, Series 2019-KF67, Class B (1\* SOFR + 225) <sup>(b)(d)</sup> | 6.719% | 08/25/29 | 172191 | 163587 |
| Multifamily Connecticut Avenue, Series 2024-01, Class M7 <br> (1\* SOFR30A + 275) <sup>(b)(d)</sup> | 7.106% | 07/25/54 | 5893378 | 5970037 |
| Multifamily Connecticut Avenue, Series 2025-01, Class M1 <br> (1\* SOFR30A + 240) <sup>(b)(d)</sup> | 6.756% | 05/25/55 | 4598690 | 4616560 |
| MultiFamily Structured Credit Risk Notes, Series 2024-MN9, Class M1 <br> (1\* SOFR30A + 245) <sup>(b)(d)</sup> | 6.798% | 10/25/44 | 3213796 | 3236898 |
| MultiFamily Structured Credit Risk Notes, Series 2025-MN10, Class M-1 <br> (1\* SOFR30A + 205) <sup>(b)(d)</sup> | 6.405% | 02/25/45 | 3030833 | 3005867 |
| MultiFamily Structured Credit Risk Notes, Series 2025-MN10, Class M-2 <br> (1\* SOFR30A + 285) <sup>(b)(d)</sup> | 7.205% | 02/25/45 | 1550000 | 1546688 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Multifamily - 1.4% (Continued)** |  |  |  |  |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN1, Class M-1 <br> (1\* SOFR + 200) <sup>(b)(d)</sup> | 6.356% | 01/25/51 | $684696 | $682820 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN3, Class M-1 <br> (1\* SOFR + 230) <sup>(b)(d)</sup> | 6.656% | 11/25/51 | 4830206 | 4838543 |
| MultiFamily Structured Credit Risk Notes, Series 2022-MN4, Class M-1 <br> (1\* SOFR + 425) <sup>(b)(d)</sup> | 8.598% | 05/25/52 | 2771251 | 2842021 |
|  |  |  |  | 39924152 |
| **Non-Agency MBS 2.0 - 0.6%** |  |  |  |  |
| Chase Mortgage Finance Corp., Series 2021-CL1, Class M3 <br> (1\* SOFR + 155) <sup>(b)</sup> | 5.906% | 02/25/50 | 569001 | 537402 |
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M1 <br> (1\* SOFR + 130) <sup>(b)(d)</sup> | 5.656% | 03/25/51 | 524255 | 523236 |
| J.P. Morgan Wealth Management, Series 2021-CL1, Class M3 <br> (1\* SOFR + 180) <sup>(b)(d)</sup> | 6.156% | 03/25/51 | 1450842 | 1429992 |
| Redwood Funding Trust, Series 2025-RR1, Class A1 <sup>(d)</sup> | 6.767% | 06/27/28 | 5846976 | 5860436 |
| Redwood Funding Trust, Series 2025-2, Class A <sup>(d)</sup> | 7.112% | 05/27/55 | 1717066 | 1724877 |
| REMIC Funding Trust, Series 2024-2, Class A1 <sup>(d)</sup> | 7.112% | 09/27/28 | 4949145 | 4945462 |
| REMIC Funding Trust, Series 2024-2, Class A2 <sup>(d)</sup> | 8.806% | 09/27/28 | 1960057 | 1958664 |
|  |  |  |  | 16980069 |
| **Non-Performing Loan - 0.2%** |  |  |  |  |
| Saluda Grade Alternative Mortgage Trust, Series 2025-NPL2, <br> Class A1 <sup>(d)</sup> | 7.774% | 05/25/30 | 4808372 | 4843059 |
| **Office - 1.7%** |  |  |  |  |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2020-BOC, Class A <sup>(d)</sup> | 2.627% | 01/15/32 | 2350000 | 2075676 |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2016-SS1,<br> Class A <sup>(d)</sup> | 3.665% | 12/15/35 | 5950000 | 5604147 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Office - 1.7% (Continued)** |  |  |  |  |
| Banc of America Merrill Lynch Commericial Mortgage, Series 2020-BOC, Class B <sup>(d)</sup> | 2.829% | 01/15/32 | $4500000 | $3749997 |
| COLEM Mortgage Trust, Series 2022-HLNE, Class B <sup>(d)</sup> | 2.461% | 04/12/42 | 3000000 | 2661318 |
| Drop Mortgage Trust, Series 2021-FILE, Class A (1\* TSFR1M + 126) <sup>(d)</sup> | 5.414% | 10/15/43 | 3500000 | 3400469 |
| Drop Mortgage Trust, Series 2021-FILE, Class B (1\* TSFR1M + 181) <sup>(b)(d)</sup> | 5.964% | 10/15/43 | 13300000 | 12622531 |
| NYC Commercial Mortgage Trust, Series 2025-3BP, Class B <br> (1\* TSFR1M + 169) <sup>(b)(d)</sup> | 5.842% | 02/15/42 | 3000000 | 2997456 |
| NYC Commerical Mortgage Trust, Series 2025-3BP, Class D <br> (1\* TSFR1M + 244) <sup>(b)(d)</sup> | 6.591% | 02/15/42 | 1600000 | 1592500 |
| NYT Mortgage Trust, Series 2019-NYT, Class C (1\* TSFR1M + 200) <sup>(b)(d)</sup> | 6.361% | 12/15/35 | 2700000 | 2622542 |
| NYT Mortgage Trust, Series 2019-NYT, Class D (1\* TSFR1M + 230) <sup>(b)(d)</sup> | 6.661% | 12/15/35 | 3850000 | 3674797 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class B <sup>(d)</sup> | 6.013% | 09/15/40 | 5000000 | 5018242 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class D <sup>(d)</sup> | 8.623% | 09/15/40 | 4250000 | 4289429 |
|  |  |  |  | 50309104 |
| **Residential Transition Loan - 2.2%** |  |  |  |  |
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A1 <sup>(d)</sup> | 3.280% | 01/25/26 | 357960 | 340565 |
| AlphaFlow Transitional Mortgage Co., Series 2021-WL1, Class A2 <sup>(d)(e)</sup> | 7.610% | 01/25/26 | 72345 | 2808 |
| Corevest American Finance Ltd., Series 2021-RTL1, Class A2 <sup>(d)</sup> | 5.104% | 03/28/29 | 166456 | 166456 |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A1 <sup>(d)</sup> | 6.456% | 05/25/40 | 4450000 | 4513557 |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A2 <sup>(d)</sup> | 8.299% | 05/25/40 | 3400000 | 3433433 |
| Fidelis Mortgage Trust, Series 25-RTL1, Class A-2 <sup>(d)</sup> | 6.220% | 02/27/40 | 2200000 | 2230594 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Residential Transition Loan - 2.2% (Continued)** |  |  |  |  |
| Homeward Opportunities Funding Trust, Series 2024-RTL1, Class A-2 <sup>(d)</sup> | 8.570% | 07/25/29 | $2300000 | $2310663 |
| Homeward Opportunities Funding Trust, Series 2024-RRTL2, Class A-2 <sup>(d)</sup> | 6.369% | 09/25/39 | 4000000 | 4014730 |
| LHOME Mortgage Trust, Series 2024-RTL1, Class A2 <sup>(d)</sup> | 9.165% | 01/25/29 | 2500000 | 2530450 |
| LHOME Mortgage Trust, Series 2024-RTL1, Class M <sup>(d)</sup> | 11.949% | 01/25/29 | 2000000 | 2032185 |
| LHOME Mortgage Trust, Series 2024-RTL2, Class A2 <sup>(d)</sup> | 9.537% | 03/25/29 | 1500000 | 1515534 |
| LHOME Mortgage Trust, Series 2024-RTL3, Class A2 <sup>(d)</sup> | 8.373% | 05/25/29 | 4000000 | 4045281 |
| LHOME Mortgage Trust, Series 2025-RTL1, Class A1 <sup>(d)</sup> | 5.652% | 01/25/40 | 8000000 | 8056050 |
| LHOME Mortgage Trust, Series 2025-RTL1, Class A2 <sup>(d)</sup> | 5.952% | 01/25/40 | 8950000 | 9012431 |
| New York Mortgage Trust, Series 2024-BPL1, Class A1 <sup>(d)</sup> | 7.154% | 02/25/29 | 5750000 | 5783000 |
| New York Mortgage Trust, Series 2024-BPL1, Class A2 <sup>(d)</sup> | 8.617% | 02/25/29 | 2500000 | 2514036 |
| ROC Mortgage Trust, Series 2025-RTL1, Class A2 <sup>(d)</sup> | 6.114% | 02/25/40 | 8000000 | 8071650 |
| ROC Securities Trust, Series 2021-RTL1, Class A2 <sup>(d)</sup> | 3.351% | 08/25/26 | 3004535 | 2998711 |
| TVC Mortgage Trust, Series 2024-RRTL1, Class A2 <sup>(d)</sup> | 5.956% | 07/25/39 | 2000000 | 2009456 |
|  |  |  |  | 65581590 |
| **Retail - 0.2%** |  |  |  |  |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class B <br> (1\* SOFR + 145) <sup>(b)(d)</sup> | 5.815% | 02/15/40 | 2123200 | 2122046 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class C <br> (1\* SOFR + 180) <sup>(b)(d)</sup> | 6.165% | 02/15/40 | 580000 | 581245 |
| Wells Fargo Mortgage Trust, Series 2021-SAVE, Class D <br> (1\* SOFR + 250) <sup>(b)(d)</sup> | 6.865% | 02/15/40 | 2324000 | 2322735 |
|  |  |  |  | 5026026 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Second Lien - 1.6%** |  |  |  |  |
| Achieve Mortgage, Series 2024-HE2, Class A <sup>(d)</sup> | 5.350% | 10/25/39 | $3198834 | $3205857 |
| Achieve Mortgage, Series 2025-HE1, Class A <sup>(d)</sup> | 5.920% | 03/25/55 | 4923161 | 5005075 |
| HTAP Trust, Series 2024-1, Class A <sup>(d)</sup> | 7.000% | 04/25/37 | 5958436 | 5995037 |
| HTAP Trust, Series 2024-1, Class B <sup>(d)</sup> | 7.500% | 04/25/37 | 2630000 | 2574371 |
| HTAP Trust, Series 2024-2, Class A <sup>(d)</sup> | 6.500% | 04/25/42 | 10201330 | 10172708 |
| Point Securitization Trust, Series 2024-1, Class A1 <sup>(d)</sup> | 6.500% | 06/25/54 | 4257476 | 4258606 |
| Point Securitization Trust, Series 2025-1, Class A1 <sup>(d)</sup> | 6.250% | 06/25/55 | 2824463 | 2824890 |
| Unlock HEA Trust, Series 24-1, Class A <sup>(d)</sup> | 7.000% | 04/25/39 | 8443627 | 8464386 |
| Unlock HEA Trust, Series 2024-2, Class A <sup>(d)</sup> | 6.500% | 10/25/39 | 4471634 | 4463501 |
|  |  |  |  | 46964431 |
| **Single Family Rental - 1.1%** |  |  |  |  |
| American Homes 4 Rent, Series 2015-SFR2, Class A <sup>(d)</sup> | 3.732% | 10/17/52 | 3714367 | 3707100 |
| Home Partners of America Trust, Series 2019-1, Class B <sup>(d)</sup> | 3.157% | 09/17/39 | 457309 | 445443 |
| Home Partners of America Trust, Series 2019-2, Class B <sup>(d)</sup> | 2.922% | 10/19/39 | 4121329 | 4006655 |
| Progress Residential Trust, Series 2021-SFR3, Class E2 <sup>(d)</sup> | 2.688% | 05/17/26 | 2292061 | 2270580 |
| Progress Residential Trust, Series 2024-SFR5, Class E1 <sup>(d)</sup> | 3.375% | 08/09/29 | 3000000 | 2772424 |
| Progress Residential Trust, Series 2021-SFR5, Class E1 <sup>(d)</sup> | 2.209% | 07/17/38 | 2500000 | 2443258 |
| Progress Residential Trust, Series 2021-SFR5, Class E2 <sup>(d)</sup> | 2.359% | 07/17/38 | 3600000 | 3519003 |
| Progress Residential Trust, Series 2023-SFR2, Class E1 <sup>(d)</sup> | 4.750% | 10/17/40 | 2000000 | 1958737 |
| Progress Residential Trust, Series 2024-SFR2, Class E1 <sup>(d)</sup> | 3.400% | 04/17/41 | 2000000 | 1853567 |
| Progress Residential Trust, Series 2024-SFR2, Class E2 <sup>(d)</sup> | 3.650% | 04/17/41 | 1500000 | 1388952 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Single Family Rental - 1.1% (Continued)** |  |  |  |  |
| Progress Residential Trust, Series 2025-SFR1, Class D <sup>(d)</sup> | 3.650% | 02/17/42 | $4500000 | $4204353 |
| Progress Residential Trust, Series 2025-SFR1, Class E1 <sup>(d)</sup> | 3.750% | 02/17/42 | 3600000 | 3337778 |
| Tricon American Homes Trust, Series 2020-SFR1, Class A <sup>(d)</sup> | 1.499% | 07/17/38 | 1270031 | 1242739 |
|  |  |  |  | 33150589 |
| **Small Business - 0.8%** |  |  |  |  |
| Credibility Asset Securitization, Series 2024-1A, Class A <sup>(d)</sup> | 6.440% | 11/15/29 | 4000000 | 4053836 |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class A <sup>(d)</sup> | 5.490% | 09/10/31 | 4700000 | 4721213 |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class C <sup>(d)</sup> | 7.150% | 09/10/31 | 4000000 | 4028975 |
| Kapitus Asset Securitization, LLC, Series 2024-4, Class C <sup>(d)</sup> | 7.150% | 09/10/31 | 350000 | 352535 |
| Newtek Alternative Loan Program, Series 2024-1, Class B <sup>(d)</sup> | 7.710% | 12/27/49 | 2896770 | 2933795 |
| Newtek Small Business Loan Trust, Series 2022-1, Class B <br> (1\* SOFR + 375) <sup>(b)(d)</sup> | 7.500% | 10/25/49 | 723606 | 714871 |
| Newtek Small Business Loan Trust, Series 2023-1, Class B <br> (1\* Prime + 75) <sup>(b)(d)</sup> | 8.000% | 07/25/50 | 1941601 | 1928515 |
| OnDeck Asset Securitization Trust, Series 2024-2A, Class B <sup>(d)</sup> | 5.420% | 10/17/31 | 1300000 | 1302412 |
| RFS Asset Securitization II, LLC, Series 2024-1, Class C <sup>(d)</sup> | 8.349% | 07/15/31 | 2000000 | 2044881 |
|  |  |  |  | 22081033 |
| **Student Loan - 0.4%** |  |  |  |  |
| Ascent Career Funding Trust, Series 2024-1A, Class A <sup>(d)</sup> | 6.770% | 10/25/32 | 2034014 | 2047922 |
| Ascent Career Funding Trust, Series 2024-1A, Class B <sup>(d)</sup> | 9.730% | 10/25/32 | 2000000 | 2058198 |
| Bayview Opportunity Master Fund, Series 2025-EDU1, Class D <br> (1\* SOFR30A + 225) <sup>(b)(d)</sup> | 6.583% | 07/27/48 | 4200000 | 4200000 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Student Loan - 0.4% (Continued)** |  |  |  |  |
| College Ave Student Loans, Series 2018-A, Class B <sup>(d)</sup> | 4.750% | 12/26/47 | $37457 | $37087 |
| College Ave Student Loans, Series 2018-A, Class C <sup>(d)</sup> | 5.500% | 12/26/47 | 31815 | 31328 |
| College Ave Student Loans, Series 2019-A, Class C <sup>(d)</sup> | 4.460% | 12/28/48 | 106156 | 103762 |
| College Ave Student Loans, Series 2019-A, Class A1 (1\* SOFR + 140) <sup>(b)(d)</sup> | 5.837% | 12/28/48 | 61665 | 61853 |
| College Ave Student Loans, Series 2021-A, Class B <sup>(d)</sup> | 2.320% | 07/25/51 | 296018 | 275236 |
| College Ave Student Loans, Series 2021-A, Class D <sup>(d)</sup> | 4.120% | 07/25/51 | 225957 | 217260 |
| Prodigy Finance, Series 2021-1A, Class A (1\* TSFR1M + 136) <sup>(b)(d)</sup> | 5.696% | 07/25/51 | 138449 | 138321 |
| SMB Private Education Loan Trust, Series 2018-C, Class B <sup>(d)</sup> | 4.000% | 11/17/42 | 200000 | 195678 |
| Social Professional Loan Program, Series 2020-A, Class BFX <sup>(d)</sup> | 3.120% | 05/15/46 | 425000 | 374357 |
| Social Professional Loan Program, Series 2018-D, Class BFX <sup>(d)</sup> | 4.140% | 02/25/48 | 500000 | 483312 |
| Social Professional Loan Program, Series 2019-B, Class BFX <sup>(d)</sup> | 3.730% | 08/17/48 | 750000 | 703292 |
| Social Professional Loan Program, Series 2019-C, Class BFX <sup>(d)</sup> | 3.050% | 11/16/48 | 1669000 | 1500121 |
|  |  |  |  | 12427727 |
| **Unsecured Consumer - 4.4%** |  |  |  |  |
| ACHV ABS Trust, Series 2023-3PL, Class D <sup>(d)</sup> | 8.360% | 08/19/30 | 2323348 | 2354198 |
| ACHV ABS Trust, Series 2024-3AL, Class D <sup>(d)</sup> | 6.750% | 12/26/31 | 3160441 | 3206348 |
| Affirm, Inc., Series 2022-Z1, Class B <sup>(d)</sup> | 6.490% | 06/15/27 | 569173 | 570879 |
| Affirm, Inc., Series 2025-X1, Class D <sup>(d)</sup> | 6.110% | 04/15/30 | 5750000 | 5779337 |
| AMCR ABS Trust, Series 2023-1, Class B <sup>(d)</sup> | 8.700% | 01/21/31 | 1719838 | 1734906 |
| AMCR ABS Trust, Series 2024-A, Class A <sup>(d)</sup> | 6.260% | 08/18/31 | 328490 | 329657 |
| Bankers Healthcare Group Securitization Trust, Series 2023-B, <br> Class C <sup>(d)</sup> | 8.150% | 12/17/36 | 1000000 | 1045847 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 4.4% (Continued)** |  |  |  |  |
| Cherry Securitization Trust, Series 2024-1A, Class A <sup>(d)</sup> | 5.700% | 04/15/32 | $2750000 | $2776166 |
| Cherry Securitization Trust, Series 2025-1A, Class A <sup>(d)</sup> | 6.130% | 11/15/32 | 12400000 | 12601367 |
| Freedom Financial Trust, Series 2022-3FP, Class D <sup>(d)</sup> | 7.360% | 08/20/29 | 2002133 | 2014613 |
| Lendmark Funding Trust, Series 2020-2, Class B <sup>(d)</sup> | 3.540% | 04/21/31 | 1195000 | 1168812 |
| Lendmark Funding Trust, Series 2020-2A, Class C <sup>(d)</sup> | 4.690% | 04/21/31 | 550000 | 540268 |
| Lendmark Funding Trust, Series 2021-1A, Class C <sup>(d)</sup> | 3.410% | 11/20/31 | 750000 | 714849 |
| Lendmark Funding Trust, Series 2025-2A, Class D <sup>(d)</sup> | 5.980% | 10/20/34 | 7800000 | 7846772 |
| Mariner Finance Issuance Trust, Series 2021-AA, Class D <sup>(d)</sup> | 4.340% | 03/20/36 | 1000000 | 965464 |
| Mariner Finance Issuance Trust, Series 2024-AA, Class D <sup>(d)</sup> | 6.770% | 09/22/36 | 3250000 | 3335384 |
| Oportun Funding, LLC, Series 2024-3, Class C <sup>(d)</sup> | 6.250% | 08/15/29 | 1725000 | 1736873 |
| Oportun Funding, LLC, Series 2024-1A, Class B <sup>(d)</sup> | 6.546% | 04/08/31 | 719444 | 719684 |
| Oportun Funding, LLC, Series 2024-1A, Class C <sup>(d)</sup> | 7.421% | 04/08/31 | 1000000 | 1003389 |
| Oportun Funding, LLC, Series 2021-B, Class A <sup>(d)</sup> | 1.470% | 05/08/31 | 876178 | 858499 |
| Oportun Funding, LLC, Series 2021-B, Class C <sup>(d)</sup> | 3.650% | 05/08/31 | 1995950 | 1976201 |
| Oportun Funding, LLC, Series 2021-C, Class A <sup>(d)</sup> | 2.180% | 10/08/31 | 1010942 | 991873 |
| Oportun Funding, LLC, Series 2021-C, Class B <sup>(d)</sup> | 2.670% | 10/08/31 | 1677447 | 1648286 |
| Oportun Funding, LLC, Series 2025-A, Class C <sup>(d)</sup> | 5.890% | 02/08/33 | 3840000 | 3845622 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 4.4% (Continued)** |  |  |  |  |
| Oportun Funding, LLC, Series 2025-C, Class D <sup>(d)</sup> | 5.910% | 07/08/33 | $3300000 | $3313549 |
| Pagaya AI Debt Selection Trust, Series 2024-1, Class A <sup>(d)</sup> | 6.660% | 07/15/31 | 492029 | 495257 |
| Pagaya AI Debt Selection Trust, Series 2024-2, Class C <sup>(d)</sup> | 7.573% | 08/15/31 | 2060527 | 2080912 |
| Pagaya AI Debt Selection Trust, Series 2025-1, Class D <sup>(d)</sup> | 6.282% | 07/15/32 | 4699599 | 4747858 |
| Pagaya AI Debt Selection Trust, Series 2025-5, Class B <sup>(d)</sup> | 5.440% | 03/15/33 | 7775000 | 7837017 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class A <sup>(d)</sup> | 5.715% | 01/20/34 | 5500000 | 5564401 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class D <sup>(d)</sup> | 6.739% | 01/20/34 | 2500000 | 2527533 |
| RCKT Trust, Series 2025-1A, Class C <sup>(d)</sup> | 5.160% | 07/25/34 | 4050000 | 4073817 |
| RCKT Trust, Series 2025-1A, Class D <sup>(d)</sup> | 5.420% | 07/25/34 | 1850000 | 1862432 |
| Reach Financial, LLC, Series 2024-1A, Class B <sup>(d)</sup> | 6.290% | 02/18/31 | 3000000 | 3028782 |
| Reach Financial, LLC, Series 2024-1A, Class C <sup>(d)</sup> | 6.900% | 02/18/31 | 1150000 | 1185540 |
| Reach Financial, LLC, Series 2025-1A, Class B <sup>(d)</sup> | 5.340% | 08/16/32 | 4500000 | 4566919 |
| Reach Financial, LLC, Series 2025-1A, Class C <sup>(d)</sup> | 5.990% | 08/16/32 | 1800000 | 1832335 |
| Regional Management Issuance Trust, Series 2021-1, Class C <sup>(d)</sup> | 3.040% | 03/17/31 | 1148731 | 1143632 |
| Regional Management Issuance Trust, Series 2021-2, Class C <sup>(d)</sup> | 3.230% | 08/15/33 | 650000 | 610847 |
| Republic Finance Issuance Trust, Series 2024-A, Class C <sup>(d)</sup> | 8.350% | 08/20/32 | 1750000 | 1795268 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST2, Class NT <sup>(d)</sup> | 6.110% | 06/15/32 | 7817788 | 7909185 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class B <sup>(d)</sup> | 5.254% | 09/15/32 | 5500000 | 5516144 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 61.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 4.4% (Continued)** |  |  |  |  |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class C <sup>(d)</sup> | 5.923% | 09/15/32 | $10450000 | $10527722 |
| Upstart Pass-Through Trust, Series 2021-ST4, Class A <sup>(d)</sup> | 2.000% | 07/20/27 | 70141 | 70018 |
| Upstart Structured Pass-Through Trust, Series 2022-2A, Class A <sup>(d)</sup> | 4.250% | 06/17/30 | 200060 | 199301 |
|  |  |  |  | 130653763 |
| **Total Securitized** (Cost $1,788,562,114) |  |  |  | $1795801796 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Treasury - 20.1%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| U.S. Treasury Notes <sup>(a)</sup> | 1.625% | 02/15/26 | $5000000 | $4957227 |
| U.S. Treasury STRIPS | 0.125% | 04/15/26 | 6158850 | 6126312 |
| U.S. Treasury Notes | 2.250% | 08/15/27 | 2000000 | 1950391 |
| U.S. Treasury Notes | 0.500% | 10/31/27 | 11000000 | 10318516 |
| U.S. Treasury Notes | 1.250% | 09/30/28 | 30000000 | 27982031 |
| U.S. Treasury Notes <sup>(a)</sup> | 3.875% | 11/30/29 | 17600000 | 17713437 |
| U.S. Treasury Notes | 0.625% | 08/15/30 | 71000000 | 61212539 |
| U.S. Treasury STRIPS | 0.000% | 11/15/31 | 5000000 | 3925929 |
| U.S. Treasury STRIPS | 0.000% | 02/15/33 | 2000000 | 1482268 |
| U.S. Treasury STRIPS | 0.000% | 05/15/33 | 2100000 | 1538062 |
| U.S. Treasury STRIPS | 0.000% | 08/15/33 | 7000000 | 5066356 |
| U.S. Treasury Notes <sup>(a)</sup> | 4.000% | 02/15/34 | 60000000 | 59842969 |
| U.S. Treasury STRIPS | 0.000% | 08/15/34 | 12000000 | 8257150 |
| U.S. Treasury STRIPS | 0.000% | 11/15/34 | 5000000 | 3396014 |
| U.S. Treasury STRIPS | 0.000% | 05/15/35 | 5000000 | 3308987 |
| U.S. Treasury STRIPS | 0.000% | 02/15/36 | 15000000 | 9539285 |
| U.S. Treasury STRIPS | 0.000% | 02/15/37 | 15000000 | 9061171 |
| U.S. Treasury STRIPS | 0.000% | 02/15/38 | 40000000 | 22857839 |
| U.S. Treasury STRIPS | 0.000% | 11/15/38 | 40000000 | 21931697 |
| U.S. Treasury Bonds | 1.125% | 08/15/40 | 60000000 | 37837500 |
| U.S. Treasury Bonds | 1.375% | 11/15/40 | 45000000 | 29358985 |
| U.S. Treasury STRIPS | 0.000% | 08/15/41 | 15000000 | 7023471 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Treasury - 20.1% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| U.S. Treasury STRIPS | 0.625% | 02/15/43 | $33720720 | $25592186 |
| U.S. Treasury STRIPS | 0.000% | 08/15/43 | 15000000 | 6255856 |
| U.S. Treasury Bonds | 2.250% | 08/15/46 | 60000000 | 40031250 |
| U.S. Treasury Bonds | 3.000% | 02/15/48 | 144500000 | 109120078 |
| U.S. Treasury Bonds | 1.250% | 05/15/50 | 20000000 | 9810156 |
| U.S. Treasury Bonds | 1.625% | 11/15/50 | 85000000 | 45607813 |
| **Total Treasury** (Cost $604,614,480) |  |  |  | $591105475 |

---

**Diamond Hill Core Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 5.0%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(g)</sup> | 105217291 | $105217291 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(g)(h)</sup> | 42922155 | 42922155 |
| **Total Registered Investment Companies** (Cost $148,139,446) |  | $148139446 |
| **Total Investment Securities - 101.2%** (Cost $2,975,883,119) |  | $2976545870 |
| **Liabilities in Excess of Other Assets - (1.2)%** |  | (35637115) |
| **Net Assets - 100.0%** |  | $2940908755 |

---

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $95,320,882.

<sup>(b)</sup> Variable rate security. The rate shown is the effective interest rate as of September 30, 2025. The benchmark on which the rate is calculated is shown parenthetically, if applicable. Certain variable rate securities are not based on a published rate and spread but are determined by the issuer or agent and may be based on index changes, prerepayment of underlying positions and/or other variables. These securities do not indicate a reference rate and spread in their description above.

<sup>(c)</sup> Percentage rounds to less than 0.1%.

<sup>(d)</sup> Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of September 30, 2025 was $967,749,527, representing 32.9% of net assets.

<sup>(e)</sup> Illiquid security as determined under procedures approved by the Board of Trustees. The total value of these securities as of September 30, 2025 was $10,759,680 representing 0.4% of net assets.

<sup>(f)</sup> Non-income producing security - security in default.

<sup>(g)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(h)</sup> This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $56,055,129.

BV - Besloten Vennootschap

CV - Convertible Security

IO - Interest Only

NA - National Association

NV - Naamloze Vennootschap

plc - Public Limited Company

PO - Principal Only

Prime - Short-term interest rate in the banking system of the U.S.

REIT - Real Estate Investment Trust

SA - Societe Anonyme

SOFR - Secured Overnight Financing Rate

TSFR - CME Term SOFR

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Banking - 4.0%** | **Banking - 4.0%** | **Banking - 4.0%** | | |
| American Express Co. <sup>(a)</sup> | 5.085% | 01/30/31 | $25000 | $25775 |
| Bank of America Corp. | 3.194% | 07/23/30 | 250000 | 240799 |
| Bank of America Corp. <sup>(a)</sup> | 2.687% | 04/22/32 | 150000 | 136647 |
| Bank of America Corp., Series N <sup>(a)</sup> | 2.972% | 02/04/33 | 80000 | 72851 |
| Bank of New York Mellon Corp. (The) | 5.225% | 11/20/35 | 50000 | 51648 |
| Bank of New York Mellon Corp. (The), Series J <sup>(b)</sup> | 5.316% | 06/06/36 | 75000 | 77601 |
| Bank OZK (TSFR3M + 209) <sup>(a)</sup> | 2.750% | 10/01/31 | 100000 | 92734 |
| Capital One Financial Corp. | 3.273% | 03/01/30 | 100000 | 96371 |
| Capital One Financial Corp. | 5.197% | 09/11/36 | 40000 | 39560 |
| Citigroup, Inc. | 1.462% | 06/09/27 | 100000 | 98098 |
| Citigroup, Inc. <sup>(a)</sup> | 2.666% | 01/29/31 | 250000 | 232394 |
| Citigroup, Inc. <sup>(a)</sup> | 2.561% | 05/01/32 | 50000 | 45065 |
| Citigroup, Inc. <sup>(a)(b)</sup> | 3.057% | 01/25/33 | 125000 | 113798 |
| Goldman Sachs Group, Inc. (The) | 4.692% | 10/23/30 | 200000 | 202549 |
| Goldman Sachs Group, Inc. (The) <sup>(a)</sup> | 1.992% | 01/27/32 | 40000 | 35297 |
| Huntington Bancshares <sup>(a)</sup> | 5.272% | 01/15/31 | 50000 | 51533 |
| JPMorgan Chase & Co. (1\* TSFR3M + 121) <sup>(a)</sup> | 3.509% | 01/23/29 | 80000 | 78946 |
| JPMorgan Chase & Co. <sup>(b)</sup> | 4.603% | 10/22/30 | 250000 | 252923 |
| JPMorgan Chase & Co. <sup>(a)(b)</sup> | 1.953% | 02/04/32 | 500000 | 441984 |
| KeyCorp <sup>(b)</sup> | 4.789% | 06/01/33 | 100000 | 99662 |
| Morgan Stanley <sup>(a)(b)</sup> | 4.654% | 10/18/30 | 200000 | 202186 |
| Morgan Stanley, Series GMTN (1\* SOFR + 114) <sup>(a)</sup> | 2.699% | 01/22/31 | 375000 | 350413 |
| PNC Financial Services Group, Inc. (The) <sup>(a)</sup> | 6.037% | 10/28/33 | 75000 | 80927 |
| Royal Bank of Canada <sup>(b)</sup> | 4.522% | 10/18/28 | 50000 | 50414 |
| State Street Corp. | 4.330% | 10/22/27 | 100000 | 100914 |
| Toronto-Dominion Bank (The) | 4.861% | 01/31/28 | 75000 | 76311 |
| Truist Financial Corp., Series I <sup>(b)</sup> | 5.071% | 05/20/31 | 50000 | 51265 |
| US Bancorp | 2.677% | 01/27/33 | 175000 | 156567 |
| Wells Fargo & Co. <sup>(a)(b)</sup> | 2.572% | 02/11/31 | 100000 | 92933 |
| Wells Fargo & Co. <sup>(a)(b)</sup> | 5.211% | 12/03/35 | 100000 | 102174 |
| Western Alliance Bancorp | 3.000% | 06/15/31 | 50000 | 48495 |
|  |  |  |  | 3798834 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Basic Industry - 0.4%** |  |  |  |  |
| Celanese US Holdings, LLC <sup>(b)</sup> | 6.750% | 04/15/33 | $30000 | $29873 |
| CVR Partners, LP <sup>(c)</sup> | 6.125% | 06/15/28 | 75000 | 74879 |
| FMC Corp. <sup>(a)</sup> | 8.450% | 11/01/55 | 100000 | 105538 |
| Huntsman International, LLC | 5.700% | 10/15/34 | 35000 | 31898 |
| Tronox, Inc. <sup>(b)(c)</sup> | 9.125% | 09/30/30 | 150000 | 146958 |
|  |  |  |  | 389146 |
| **Brokerage Asset Managers Exchanges - 0.3%** |  |  |  |  |
| Osaic Holdings, Inc. <sup>(c)</sup> | 6.750% | 08/01/32 | 75000 | 77463 |
| Osaic Holdings, Inc. <sup>(c)</sup> | 8.000% | 08/01/32 | 75000 | 77730 |
| StoneX Escrow Issuer, LLC <sup>(c)</sup> | 6.875% | 07/15/32 | 100000 | 102932 |
|  |  |  |  | 258125 |
| **Capital Goods - 0.9%** |  |  |  |  |
| Bluelinx Holdings, Inc. <sup>(c)</sup> | 6.000% | 11/15/29 | 50000 | 49223 |
| Caterpillar, Inc. | 5.200% | 05/15/35 | 50000 | 51730 |
| John Deere Capital Corp. | 4.400% | 09/08/31 | 100000 | 100680 |
| Johnson Controls International plc | 4.900% | 12/01/32 | 50000 | 50912 |
| L3 Harris Technologies, Inc. | 1.800% | 01/15/31 | 70000 | 61623 |
| Queen MergerCo, Inc. <sup>(c)</sup> | 6.750% | 04/30/32 | 100000 | 103540 |
| Republic Services, Inc. <sup>(b)</sup> | 2.375% | 03/15/33 | 65000 | 56692 |
| RTX Corp. | 2.375% | 03/15/32 | 100000 | 88354 |
| Standard Building Solutions, Inc. <sup>(c)</sup> | 6.250% | 08/01/33 | 100000 | 101339 |
| Textron Financial Corp. (1\* TSFR3M + 200) <sup>(a)(c)</sup> | 6.323% | 02/15/42 | 125000 | 112950 |
| Waste Management, Inc. <sup>(b)</sup> | 4.950% | 03/15/35 | 50000 | 50749 |
|  |  |  |  | 827792 |
| **Communications - 0.6%** |  |  |  |  |
| AT&T, Inc. | 2.550% | 12/01/33 | 75000 | 63863 |
| Comcast Corp. <sup>(b)</sup> | 4.950% | 05/15/32 | 25000 | 25634 |
| Deluxe Corp. <sup>(c)</sup> | 8.125% | 09/15/29 | 75000 | 78316 |
| Getty Images, Inc. <sup>(c)</sup> | 11.250% | 02/21/30 | 100000 | 95493 |
| Snap, Inc. <sup>(c)</sup> | 6.875% | 03/01/33 | 75000 | 76657 |
| Telus Corp. <sup>(a)</sup> | 7.000% | 10/15/55 | 100000 | 105442 |
| T-Mobile USA, Inc. <sup>(b)</sup> | 5.050% | 07/15/33 | 100000 | 102146 |
|  |  |  |  | 547551 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Consumer Cyclical - 2.8%** |  |  |  |  |
| Advance Auto Parts, Inc. <sup>(c)</sup> | 7.375% | 08/01/33 | $75000 | $77344 |
| American Honda Finance | 4.450% | 10/22/27 | 100000 | 100861 |
| American Honda Finance <sup>(b)</sup> | 4.250% | 09/01/28 | 20000 | 20051 |
| ANGI Group, LLC <sup>(c)</sup> | 3.875% | 08/15/28 | 75000 | 70489 |
| Aptiv plc / Aptiv Global Financing DAC <sup>(a)</sup> | 6.875% | 12/15/54 | 200000 | 204330 |
| Bath & Body Works, Inc. | 6.875% | 11/01/35 | 70000 | 72802 |
| Champions Financing, Inc. <sup>(b)(c)</sup> | 8.750% | 02/15/29 | 20000 | 19315 |
| CVS Health Corp. | 3.750% | 04/01/30 | 100000 | 96871 |
| Dollar Tree, Inc. | 4.200% | 05/15/28 | 100000 | 99735 |
| Dream Finders Home, Inc. <sup>(c)</sup> | 6.875% | 09/15/30 | 125000 | 125744 |
| EZCorp, Inc. <sup>(c)</sup> | 7.375% | 04/01/32 | 100000 | 106548 |
| Ford Motor Co., Class B | 3.250% | 02/12/32 | 85000 | 74373 |
| Garrett Motion Holdings, Inc. <sup>(c)</sup> | 7.750% | 05/31/32 | 70000 | 73430 |
| General Motors Financial Co., Inc. <sup>(b)</sup> | 5.900% | 01/07/35 | 50000 | 51587 |
| Great Canadian Gaming Co. <sup>(c)</sup> | 8.750% | 11/15/29 | 100000 | 98884 |
| Hyundai Capital America <sup>(c)</sup> | 5.400% | 06/24/31 | 100000 | 102999 |
| Hyundai Capital America, Series A <sup>(c)</sup> | 4.750% | 09/26/31 | 75000 | 75145 |
| K Hovnanian Enterprises, Inc. <sup>(c)</sup> | 8.000% | 04/01/31 | 100000 | 102543 |
| K Hovnanian Enterprises, Inc. <sup>(b)(c)</sup> | 8.375% | 10/01/33 | 100000 | 102525 |
| Lowe's Cos., Inc. | 2.800% | 09/15/41 | 125000 | 90509 |
| Millrose Properties, Inc. <sup>(c)</sup> | 6.375% | 08/01/30 | 100000 | 101699 |
| Mohegan Tribal Gaming Authority / MS Digital <sup>(c)</sup> | 8.250% | 04/15/30 | 60000 | 62342 |
| Mohegan Tribal Gaming Authority / MS Digital <sup>(c)</sup> | 11.875% | 04/15/31 | 40000 | 41928 |
| New Flyer Holdings, Inc. <sup>(c)</sup> | 9.250% | 07/01/30 | 100000 | 107037 |
| Target Corp. | 5.000% | 04/15/35 | 50000 | 50623 |
| Toyota Motor Credit Corp | 4.650% | 09/03/32 | 20000 | 20136 |
| Toyota Motor Credit Corp., Series B <sup>(b)</sup> | 5.350% | 01/09/35 | 50000 | 52287 |
| Under Armour, Inc. <sup>(c)</sup> | 7.250% | 07/15/30 | 150000 | 149815 |
| VF Corp. | 6.450% | 11/01/37 | 100000 | 93970 |
| Victoria's Secret & Co. <sup>(c)</sup> | 4.625% | 07/15/29 | 50000 | 47727 |
| Victra Holdings, LLC <sup>(b)(c)</sup> | 8.750% | 09/15/29 | 100000 | 104837 |
| Wayfair, LLC <sup>(c)</sup> | 7.250% | 10/31/29 | 70000 | 72173 |
|  |  |  |  | 2670659 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Consumer Non-Cyclical - 1.2%** |  |  |  |  |
| AbbVie, Inc. | 4.950% | 03/15/31 | $100000 | $103363 |
| AMN Healthcare, Inc. <sup>(c)</sup> | 6.500% | 01/15/31 | 100000 | 100309 |
| Champ Acquisition Corp. <sup>(c)</sup> | 8.375% | 12/01/31 | 70000 | 74419 |
| Global Medical Response, Inc. <sup>(c)</sup> | 7.375% | 10/01/32 | 100000 | 102931 |
| Kroger Co. (The) <sup>(b)</sup> | 1.700% | 01/15/31 | 50000 | 43688 |
| Land O Lakes Capital Trust I <sup>(c)</sup> | 7.450% | 03/15/28 | 50000 | 51571 |
| Pfizer, Inc. | 7.200% | 03/15/39 | 50000 | 60047 |
| Phillip Morris International, Inc. | 5.375% | 02/15/33 | 125000 | 130539 |
| Turning Point Brands, Inc. <sup>(c)</sup> | 7.625% | 03/15/32 | 100000 | 105820 |
| U.S. Acute Care Solutions, LLC <sup>(c)</sup> | 9.750% | 05/15/29 | 150000 | 153597 |
| Viking Baked Goods Acquisition Corp. <sup>(b)(c)</sup> | 8.625% | 11/01/31 | 110000 | 110024 |
| Whirlpool Corp. | 6.500% | 06/15/33 | 100000 | 99794 |
|  |  |  |  | 1136102 |
| **Electric - 0.9%** |  |  |  |  |
| Algonquin Power & Utilities Corp., Series 2022-B <sup>(a)</sup> | 4.750% | 01/18/82 | 120000 | 117090 |
| Dominion Energy South Carolina, Inc., Series A | 5.300% | 01/15/35 | 50000 | 51633 |
| Duke Energy Carolinas, LLC | 5.250% | 03/15/35 | 100000 | 103481 |
| Duke Energy Corp. <sup>(b)</sup> | 4.950% | 09/15/35 | 30000 | 29803 |
| Florida Power & Light Co. | 3.800% | 12/15/42 | 50000 | 41344 |
| NextEra Energy Operating Partners, LP <sup>(b)(c)</sup> | 7.250% | 01/15/29 | 75000 | 77004 |
| NYSEG Storm Funding, LLC, Series 2025-A | 4.713% | 05/01/31 | 150000 | 151216 |
| Public Service Electric & Gas Co. | 4.900% | 08/15/35 | 90000 | 90698 |
| Swepco Storm Recovery Funding, LLC, Series 2024-A | 4.880% | 09/01/39 | 125697 | 126324 |
| Transalta Corp. | 6.500% | 03/15/40 | 100000 | 99253 |
|  |  |  |  | 887846 |
| **Energy - 1.8%** |  |  |  |  |
| Altagas Ltd. <sup>(a)(c)</sup> | 7.200% | 10/15/54 | 100000 | 103441 |
| BP Capital Markets America, Inc. | 4.812% | 02/13/33 | 50000 | 50588 |
| CHC Group, LLC <sup>(c)</sup> | 11.750% | 09/01/30 | 125000 | 123249 |
| Civitas Resources, Inc. <sup>(c)</sup> | 9.625% | 06/15/33 | 50000 | 52810 |
| Energy Transfer, LP | 5.600% | 09/01/34 | 150000 | 153947 |
| Excelerate Energy, LP <sup>(c)</sup> | 8.000% | 05/15/30 | 150000 | 159670 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Energy - 1.8% (Continued)** |  |  |  |  |
| Global Partners, LP / GLP Finance Corp. <sup>(c)</sup> | 7.125% | 07/01/33 | $100000 | $102498 |
| Helmerich & Payne, Inc. <sup>(b)</sup> | 4.650% | 12/01/27 | 50000 | 50214 |
| HF Sinclair Corp. | 5.750% | 01/15/31 | 100000 | 103503 |
| Hilcorp Energy I, LP / Hilcorp Finance Co. <sup>(c)</sup> | 7.250% | 02/15/35 | 50000 | 48864 |
| MPLX, LP | 5.500% | 06/01/34 | 42000 | 42802 |
| Phillips 66 Co. <sup>(b)</sup> | 4.950% | 03/15/35 | 50000 | 49491 |
| SESI, LLC <sup>(c)</sup> | 7.875% | 09/30/30 | 125000 | 125000 |
| Sunoco, LP <sup>(c)</sup> | 5.875% | 03/15/34 | 150000 | 148701 |
| TransCanada Pipelines Ltd. | 7.000% | 06/01/65 | 75000 | 77067 |
| Transmontaigne Partners, LLC <sup>(c)</sup> | 8.500% | 06/15/30 | 75000 | 78152 |
| Valero Energy Corp. | 5.150% | 02/15/30 | 25000 | 25735 |
| Weatherford International Ltd. <sup>(c)</sup> | 6.750% | 10/15/33 | 200000 | 200139 |
|  |  |  |  | 1695871 |
| **Finance Companies - 0.8%** |  |  |  |  |
| Atlanticus Holdings Corp. <sup>(c)</sup> | 9.750% | 09/01/30 | 50000 | 49681 |
| Bread Financial Holdings, Inc. <sup>(c)</sup> | 8.375% | 06/15/35 | 50000 | 51342 |
| Freedom Mortgage Holdings, LLC <sup>(c)</sup> | 7.875% | 04/01/33 | 100000 | 103018 |
| LFS Topco, LLC <sup>(c)</sup> | 8.750% | 07/15/30 | 100000 | 100451 |
| Pennymac Financial Services, Inc. <sup>(c)</sup> | 6.750% | 02/15/34 | 100000 | 102009 |
| PROG Holdings, Inc. <sup>(c)</sup> | 6.000% | 11/15/29 | 100000 | 98208 |
| Prospect Capital Corp. <sup>(b)</sup> | 3.364% | 11/15/26 | 75000 | 72490 |
| Provident Funding Associates, LP / PFG Finance Corp. <sup>(c)</sup> | 9.750% | 09/15/29 | 70000 | 73964 |
| TrueNoord Capital DAC <sup>(c)</sup> | 8.750% | 03/01/30 | 75000 | 79687 |
|  |  |  |  | 730850 |
| **Financial-Other - 0.7%** |  |  |  |  |
| Burford Capital Global Finance, LLC <sup>(c)</sup> | 7.500% | 07/15/33 | 200000 | 203520 |
| Icahn Enterprises, LP <sup>(c)</sup> | 10.000% | 11/15/29 | 100000 | 100442 |
| Ion Platform Finance US, Inc. <sup>(c)</sup> | 7.875% | 09/30/32 | 200000 | 198686 |
| PPH Escrow Issuer, LLC <sup>(c)</sup> | 9.875% | 11/01/29 | 100000 | 101363 |
|  |  |  |  | 604011 |
| **Industrials-Other - 0.1%** |  |  |  |  |
| Brundage-Bone Concrete Pumping Holdings, Inc. <sup>(c)</sup> | 7.500% | 02/01/32 | 100000 | 101035 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Insurance - 2.1%** | **Insurance - 2.1%** | **Insurance - 2.1%** | | |
| Anthem, Inc. | 4.600% | 09/15/32 | $90000 | $89453 |
| APH Somerset Investment II, LLC <sup>(c)</sup> | 7.875% | 11/01/29 | 100000 | 104362 |
| Equitable Financial Life Global Funding <sup>(c)</sup> | 1.800% | 03/08/28 | 25000 | 23603 |
| Equitable Financial Life Global Funding <sup>(c)</sup> | 5.000% | 03/27/30 | 25000 | 25616 |
| Jackson National Life Global Funding <sup>(c)</sup> | 4.900% | 01/13/27 | 150000 | 151227 |
| Jackson National Life Global Funding <sup>(c)</sup> | 4.550% | 09/09/30 | 20000 | 20020 |
| Lincoln Financial Global Funding <sup>(c)</sup> | 4.625% | 08/18/30 | 40000 | 40241 |
| MassMutual Global Funding <sup>(c)</sup> | 5.150% | 05/30/29 | 200000 | 206126 |
| Met Life Global Funding I <sup>(b)(c)</sup> | 5.050% | 01/08/34 | 150000 | 153247 |
| Nassau Cos. of NY <sup>(c)</sup> | 7.875% | 07/15/30 | 125000 | 127664 |
| New York Life Global Funding <sup>(c)</sup> | 4.600% | 12/05/29 | 100000 | 101566 |
| Northwestern Mutual Global, Series 2025-1 <sup>(c)</sup> | 4.960% | 01/13/30 | 100000 | 102558 |
| Northwestern Mutual Global Funding <sup>(c)</sup> | 5.160% | 05/28/31 | 50000 | 51888 |
| Pacific Life Global Fund II <sup>(c)</sup> | 1.450% | 01/20/28 | 100000 | 94259 |
| Pricoa Global Funding I <sup>(b)(c)</sup> | 5.350% | 05/28/35 | 150000 | 155500 |
| Principal Life Global Funding II, Series 50 <sup>(c)</sup> | 4.800% | 01/09/28 | 100000 | 101295 |
| Protective Life Global Funding <sup>(c)</sup> | 4.772% | 12/09/29 | 150000 | 152717 |
| Protective Life Global Funding <sup>(c)</sup> | 5.432% | 01/14/32 | 150000 | 156081 |
| UnitedHealth Group, Inc. <sup>(b)</sup> | 5.000% | 04/15/34 | 100000 | 101567 |
|  |  |  |  | 1958990 |
| **Natural Gas - 0.2%** |  |  |  |  |
| Sempra Energy <sup>(a)</sup> | 6.400% | 10/01/54 | 100000 | 102179 |
| Venture Global Pipelines <sup>(c)</sup> | 7.500% | 05/01/33 | 50000 | 55251 |
| Venture Global Pipelines <sup>(c)</sup> | 7.750% | 05/01/35 | 50000 | 56435 |
|  |  |  |  | 213865 |
| **Other Utility - 0.1%** |  |  |  |  |
| American Water Capital Corp. | 2.800% | 05/01/30 | 100000 | 94193 |
| **REITS - 0.1%** |  |  |  |  |
| CubeSmart, LP | 2.250% | 12/15/28 | 70000 | 65917 |
| Extra Space Storage, LP | 5.700% | 04/01/28 | 50000 | 51641 |
|  |  |  |  | 117558 |
| **Technology - 0.8%** |  |  |  |  |
| Advanced Micro Devices, Inc. | 4.319% | 03/24/28 | 50000 | 50436 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Credit - 18.4% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Technology - 0.8% (Continued)** |  |  |  |  |
| Alphabet, Inc. | 5.300% | 05/15/65 | $10000 | $9950 |
| Broadcom, Inc. <sup>(c)</sup> | 4.150% | 04/15/32 | 100000 | 98067 |
| Broadcom, Inc. | 4.800% | 02/15/36 | 55000 | 54832 |
| Capstone Borrower, Inc. <sup>(c)</sup> | 8.000% | 06/15/30 | 75000 | 78434 |
| Cloud Software Group, Inc. <sup>(c)</sup> | 6.625% | 08/15/33 | 75000 | 76347 |
| Crane Co. | 4.200% | 03/15/48 | 75000 | 49481 |
| Dell International, LLC / EMC Corp. | 6.020% | 06/15/26 | 50000 | 50403 |
| Oracle Corp. | 3.600% | 04/01/40 | 260000 | 208817 |
| Shift4 Payments, LLC <sup>(c)</sup> | 6.750% | 08/15/32 | 100000 | 103389 |
|  |  |  |  | 780156 |
| **Transportation - 0.6%** |  |  |  |  |
| Beacon Mobility Finance Corp. <sup>(c)</sup> | 7.250% | 08/01/30 | 175000 | 181940 |
| Latam Airlines Group SA <sup>(c)</sup> | 7.625% | 01/07/31 | 150000 | 155315 |
| Norfolk Southern Corp. | 5.100% | 05/01/35 | 75000 | 76575 |
| Ryder System, Inc. | 4.900% | 12/01/29 | 50000 | 51111 |
| United Parcel Service, Inc. <sup>(b)</sup> | 5.250% | 05/14/35 | 25000 | 25869 |
| Vistajet Malta / VM Holdings <sup>(b)(c)</sup> | 9.500% | 06/01/28 | 70000 | 72872 |
|  |  |  |  | 563682 |
| **Total Corporate Credit** (Cost $17,011,401) |  |  |  | $17376266 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 3.5%** | **ABS-Other - 3.5%** | **ABS-Other - 3.5%** | | |
| GoodLeap Sustainable Home Improvement Loan Trust, Series 2023-1, <br> Class A <sup>(c)</sup> | 5.520% | 02/22/55 | $81349 | $76682 |
| GoodLeap Sustainable Home Improvement Loan Trust, Series 2024-1, <br> Class A <sup>(c)</sup> | 6.250% | 06/20/57 | 177372 | 172332 |
| Helios Issuer, LLC, Series 2019-AA, Class A <sup>(c)</sup> | 3.750% | 06/20/46 | 296048 | 274754 |
| Helios Issuer, LLC, Series 2020-4, Class A <sup>(c)</sup> | 2.980% | 06/20/47 | 308893 | 274430 |
| Hero Funding Trust, Series 2016-3A, Class A1 <sup>(c)</sup> | 3.080% | 09/20/42 | 141825 | 131971 |
| Hero Funding Trust, Series 2017-3A, Class A2 <sup>(c)</sup> | 3.950% | 09/20/48 | 18429 | 17319 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **ABS-Other - 3.5% (Continued)** |  |  |  |  |
| Loanpal Solar Loan Ltd., Series 2020-2GF, Class B <sup>(c)</sup> | 3.860% | 07/20/47 | $278139 | $217298 |
| Loanpal Solar Loan Ltd., Series 2020-3GS, Class B <sup>(c)</sup> | 3.450% | 12/20/47 | 279498 | 210447 |
| Luminace ABS-2022 Issuer, LLC, Series 2024-1, Class B <sup>(c)</sup> | 6.960% | 10/30/31 | 119929 | 115832 |
| Mosaic Solar Loans, LLC, Series 2017-2, Class B <sup>(c)</sup> | 4.770% | 06/22/43 | 131891 | 118813 |
| Mosaic Solar Loans, LLC, Series 2022-2A, Class A <sup>(c)</sup> | 4.380% | 01/21/53 | 347155 | 320882 |
| Mosaic Solar Loans, LLC, Series 2023-1A, Class A <sup>(c)</sup> | 5.320% | 06/20/53 | 150727 | 143690 |
| Renew Financial, LLC, Series 2017-2, Class A <sup>(c)</sup> | 3.220% | 09/22/53 | 260916 | 238485 |
| Service Experts Issuer, Series 2025-1A, Class B <sup>(c)</sup> | 7.620% | 01/20/37 | 400000 | 403309 |
| US Bank NA, Series 2025-SUP2, Class D (1\* SOFR30A + 220) <sup>(a)(c)</sup> | 6.586% | 09/25/32 | 250000 | 250252 |
| US Bank NA, Series 2025-SUP2, Class E (1\* SOFR30A + 370) <sup>(a)(c)</sup> | 8.086% | 09/25/32 | 350000 | 350408 |
|  |  |  |  | 3316904 |
| **Agency CMBS - 0.5%** |  |  |  |  |
| Farmer Mac Agricultural Real Estate, Series 2022-1, Class A <sup>(c)</sup> | 2.540% | 07/25/51 | 213242 | 174252 |
| Farmer Mac Agricultural Real Estate, Series 2025-1, Class A <sup>(c)</sup> | 5.220% | 08/01/55 | 291942 | 286053 |
|  |  |  |  | 460305 |
| **Agency MBS CMO - 26.8%** |  |  |  |  |
| FHLMC, Series 4109, Class HC | 2.500% | 09/15/32 | 205151 | 195229 |
| FHLMC, Series 4613, Class AF (1\* SOFR + 110) <sup>(a)</sup> | 5.587% | 11/15/37 | 185722 | 185593 |
| FHLMC, Series 3652, Class AP | 4.500% | 03/15/40 | 91990 | 92644 |
| FHLMC, Series 3746, Class KZ | 3.500% | 07/15/40 | 126319 | 117147 |
| FHLMC, Series 5228, Class JL | 2.500% | 10/25/41 | 500000 | 419262 |
| FHLMC, Series 4143, Class AV | 2.000% | 12/15/42 | 371445 | 299488 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 26.8% (Continued)** |  |  |  |  |
| FHLMC, Series 4141, Class PL | 2.500% | 12/15/42 | $110000 | $79119 |
| FHLMC, Series 4210, Class Z | 3.000% | 05/15/43 | 254894 | 213872 |
| FHLMC, Series 4274, Class EM | 4.000% | 11/15/43 | 400000 | 371233 |
| FHLMC, Series 4487, Class TL | 3.000% | 05/15/45 | 559000 | 510595 |
| FHLMC, Series 5202, Class NK | 2.250% | 01/25/47 | 200000 | 157303 |
| FHLMC, Series 4710, Class JE | 2.750% | 06/15/47 | 191088 | 172007 |
| FHLMC, Series 4736, Class CL | 3.000% | 12/15/47 | 322000 | 281506 |
| FHLMC, Series 5227, Class BA | 3.500% | 08/25/48 | 149992 | 143361 |
| FHLMC, Series 5147, Class PA | 1.000% | 10/25/48 | 592654 | 470633 |
| FHLMC, Series 4988, Class AK | 1.000% | 07/25/50 | 484099 | 380734 |
| FHLMC, Series 5129, Class GU | 1.000% | 08/25/50 | 608645 | 464356 |
| FHLMC, Series 5013, Class ME, Pool #5013 | 1.000% | 09/25/50 | 192697 | 149861 |
| FHLMC, Series 5013, Class MC, Pool #5013 | 1.500% | 09/25/50 | 192697 | 155443 |
| FHLMC, Series 5038, Class PJ | 0.750% | 10/25/50 | 503904 | 368081 |
| FHLMC, Series 5038, Class QP | 0.750% | 10/25/50 | 325536 | 237009 |
| FHLMC, Series 5035, Class ZA | 2.000% | 11/25/50 | 553462 | 291617 |
| FHLMC, Series 5150, Class KD | 1.000% | 10/25/51 | 624502 | 502798 |
| FHLMC, Series 5156, Class GD | 2.000% | 10/25/51 | 454048 | 290341 |
| FHLMC, Series 5201, Class PY | 2.500% | 03/25/52 | 252513 | 192835 |
| FNMA, Series 2018-16, Class HW | 3.000% | 06/25/38 | 728000 | 645421 |
| FNMA, Series 2010-126, Class JU | 2.125% | 11/25/40 | 121751 | 114623 |
| FNMA, Series 2013-56, Class GZ | 4.500% | 08/25/41 | 521526 | 487836 |
| FNMA, Series 2012-42, Class PY | 3.500% | 11/25/41 | 100000 | 86487 |
| FNMA, Series 2011-116, Class ZA | 3.500% | 11/25/41 | 348478 | 333129 |
| FNMA, Series 2012-56, Class WC | 3.500% | 05/25/42 | 92000 | 83427 |
| FNMA, Series 2012-152, Class TA | 2.500% | 09/25/42 | 315768 | 289358 |
| FNMA, Series 2012-110, Class CA | 3.000% | 10/25/42 | 344425 | 318205 |
| FNMA, Series 2013-9, Class KD | 2.500% | 12/25/42 | 305000 | 231598 |
| FNMA, Series 2013-13, Class YC | 2.500% | 01/25/43 | 130027 | 117579 |
| FNMA, Series 2013-4, Class PL | 2.000% | 02/25/43 | 367000 | 276268 |
| FNMA, Series 4292, Class PB | 3.500% | 01/15/44 | 420000 | 383221 |
| FNMA, Series 2024-20, Class ZQ | 4.000% | 10/25/45 | 423281 | 375779 |
| FNMA, Series 2016-31, Class TM | 3.000% | 12/25/45 | 330000 | 299797 |
| FNMA, Series 2021-65, Class JA | 2.000% | 01/25/46 | 366760 | 330376 |
| FNMA, Series 4767, Class VX | 4.000% | 08/14/47 | 297810 | 279812 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 26.8% (Continued)** |  |  |  |  |
| FNMA, Series 2019-37, Class CA | 3.000% | 10/25/47 | $130397 | $125298 |
| FNMA, Series 2018-55, Class GA | 3.375% | 08/25/48 | 401012 | 385775 |
| FNMA, Series 2009-50, Class HZ | 5.540% | 02/25/49 | 755426 | 768153 |
| FNMA, Series 2019-69, Class JB | 3.000% | 12/25/49 | 520330 | 397097 |
| FNMA, Series 2020-92, Class NB | 1.000% | 05/25/50 | 662143 | 505624 |
| FNMA, Series 2020-47, Class GZ | 2.000% | 07/25/50 | 666368 | 408205 |
| FNMA, Series 2021-6, Class KU | 1.500% | 02/25/51 | 209827 | 120634 |
| FNMA, Series 2021-78, Class PA | 2.500% | 11/25/51 | 278484 | 246921 |
| GNMA, Series 2016-118, Class GZ | 3.000% | 02/16/40 | 281690 | 211722 |
| GNMA, Series 2023-81, Class AL | 4.500% | 08/20/40 | 575000 | 569127 |
| GNMA, Series 2012-74, Class LY | 2.500% | 06/20/42 | 260000 | 194261 |
| GNMA, Series 2013-4, Class ML | 2.500% | 10/16/42 | 366000 | 287456 |
| GNMA, Series 2019-151, Class GC | 1.750% | 12/20/42 | 95691 | 84916 |
| GNMA, Series 2013-165, Class LB | 4.000% | 03/20/43 | 235000 | 206514 |
| GNMA, Series 2014-118, Class ZD | 2.500% | 08/16/44 | 791338 | 702341 |
| GNMA, Series 2014-140, Class BW | 3.500% | 09/20/44 | 197323 | 188187 |
| GNMA, Series 2019-136, Class P | 1.500% | 10/20/45 | 318167 | 264159 |
| GNMA, Series 2017-179, Class NZ | 2.500% | 12/20/47 | 459241 | 313440 |
| GNMA, Series 2018-27, Class KY | 3.500% | 02/20/48 | 1608166 | 1334463 |
| GNMA, Series 2018-079, Class LM | 3.250% | 06/20/48 | 335000 | 303796 |
| GNMA, Series 2018-120, Class LH | 3.500% | 09/20/48 | 593318 | 461007 |
| GNMA, Series 2019-012, Class PY | 3.500% | 02/20/49 | 592649 | 539595 |
| GNMA, Series 2022-45, Class B | 2.500% | 05/20/50 | 188677 | 167902 |
| GNMA, Series 2020-95, Class EA | 1.500% | 07/20/50 | 1110010 | 885112 |
| GNMA, Series 2020-123, Class LA | 1.000% | 08/20/50 | 294598 | 144873 |
| GNMA, Series 2022-063, Class LM | 3.500% | 10/20/50 | 900000 | 763816 |
| GNMA, Series 2021-29, Class AG | 5.000% | 02/20/51 | 705595 | 703686 |
| GNMA, Series 2021-91, Class MF | 1.000% | 05/20/51 | 213601 | 165488 |
| GNMA, Series 2021-223, Class P | 2.000% | 06/20/51 | 216835 | 189080 |
| GNMA, Series 2021-116, Class CV | 1.500% | 07/20/51 | 233382 | 131458 |
| GNMA, Series 2021-136, Class TC | 1.500% | 08/20/51 | 499448 | 320221 |
| GNMA, Series 2021-136, Class TU | 1.500% | 08/20/51 | 324994 | 164292 |
| GNMA, Series 2022-64, Class MA | 2.500% | 11/20/51 | 873002 | 812606 |
| GNMA, Series 2023-13, Class HL | 5.000% | 01/20/53 | 244634 | 235499 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Agency MBS CMO - 26.8% (Continued)** |  |  |  |  |
| GNMA, Series 2025-71, Class NL | 5.000% | 04/20/55 | $620005 | $574065 |
|  |  |  |  | 25271772 |
| **Agency MBS CMO Derivatives - 1.0%** |  |  |  |  |
| FNMA, Series 2013-105, Class KO (PO) | 0.000% | 10/25/43 | 425092 | 374912 |
| GNMA, Series 2022-31, Class MS (IO) (-2.5\* SOFR30A + 900) <sup>(a)</sup> | 0.000% | 02/20/52 | 669096 | 526085 |
|  |  |  |  | 900997 |
| **Agency MBS Passthrough - 2.3%** |  |  |  |  |
| FNMA, Pool #MA0633 | 5.000% | 01/01/41 | 238684 | 240906 |
| FNMA, Pool #BM6504 | 3.500% | 01/01/48 | 719507 | 668453 |
| GNMA, Pool #MA9367 | 8.000% | 12/20/53 | 230706 | 241329 |
| GNMA, Pool #DJ1126 | 7.000% | 04/20/65 | 944064 | 968214 |
|  |  |  |  | 2118902 |
| **Auto Loan - 1.7%** |  |  |  |  |
| ACM Auto Trust, Series 2025-1A, Class B <sup>(c)</sup> | 7.870% | 11/20/31 | 200000 | 200270 |
| ACM Auto Trust, Series 2025-2A, Class B <sup>(c)</sup> | 7.250% | 02/20/32 | 100000 | 98516 |
| ACM Auto Trust, Series 2025-3A, Class B <sup>(c)</sup> | 6.080% | 07/20/32 | 250000 | 243198 |
| AgoraCapital Auto Securities Trust, Series 2025-1A, Class B <sup>(c)</sup> | 7.270% | 11/25/32 | 150000 | 151314 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, <br> Class D <sup>(c)</sup> | 5.820% | 01/15/32 | 175000 | 175429 |
| FinBe USA Trust, Series 2025-1A, Class B <sup>(c)</sup> | 6.600% | 12/16/30 | 50000 | 50023 |
| Huntington National Bank (The), Series 2025-2, Class B1 <sup>(c)</sup> | 4.835% | 09/20/33 | 193841 | 194315 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2024-3A,<br> Class C <sup>(c)</sup> | 6.460% | 03/25/33 | 125000 | 126175 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-1A, <br> Class C <sup>(c)</sup> | 6.675% | 06/27/33 | 100000 | 101083 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-5A, <br> Class D <sup>(c)</sup> | 6.012% | 06/26/34 | 225000 | 225000 |
|  |  |  |  | 1565323 |
| **CRE/CLO - 1.6%** |  |  |  |  |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1,<br> Class B (1\* TSFR1M + 319) <sup>(a)(c)</sup> | 7.527% | 01/18/41 | 100000 | 99951 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **CRE/CLO - 1.6% (Continued)** |  |  |  |  |
| Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1,<br> Class C (1\* TSFR1M + 369) <sup>(a)(c)</sup> | 8.027% | 01/18/41 | $100000 | $99950 |
| Arbor Realty Commerical Real Estate Notes, Series 2025-FL1, Class C<br> (1\* TSFR1M + 269) <sup>(a)(c)</sup> | 7.033% | 08/20/42 | 100000 | 99942 |
| BXMT Ltd., Series 2020-FL3, Class A (1\* TSFR1M + 151) <sup>(a)(c)</sup> | 6.378% | 11/15/37 | 231172 | 231237 |
| BXMT Ltd., Series 2020-FL3, Class D (1\* TSFR1M + 291) <sup>(a)(c)</sup> | 7.778% | 11/15/37 | 100000 | 96670 |
| BXMT Ltd., Series 2020-FL2, Class AS (1\* TSFR1M + 151) <sup>(a)(c)</sup> | 5.878% | 02/15/38 | 200000 | 199261 |
| BXMT Ltd., Series 2020-FL2, Class D (1\* TSFR1M + 206) <sup>(a)(c)</sup> | 6.678% | 02/15/38 | 100000 | 97831 |
| BXMT Ltd., Series 2021-FL4, Class D (1\* TSFR1M + 236) <sup>(a)(c)</sup> | 6.728% | 05/15/38 | 100000 | 95900 |
| BXMT Ltd., Series 2021-FL4, Class A (1\* TSFR1M + 116) <sup>(a)(c)</sup> | 5.528% | 05/17/38 | 242430 | 241720 |
| MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL6, <br> Class C (1\* TSFR1M + 196) <sup>(a)(c)</sup> | 6.100% | 07/16/36 | 250000 | 249430 |
|  |  |  |  | 1511892 |
| **Credit Cards - 0.2%** |  |  |  |  |
| Genesis Sales Finance Master Trust, Series 2024-B, Class D <sup>(c)</sup> | 7.040% | 12/20/32 | 150000 | 151194 |
| **Equipment - 0.2%** |  |  |  |  |
| NMEF Funding, LLC, Series 2022-B, Class C <sup>(c)</sup> | 8.540% | 06/15/29 | 220000 | 225680 |
| **HECM - 3.6%** |  |  |  |  |
| Brean Asset Backed Securities Trust, Series 2021-RM1, Class M1 <sup>(c)</sup> | 1.600% | 10/25/63 | 214873 | 187941 |
| Brean Asset Backed Securities Trust, Series 2025-RM10, Class A2 <sup>(c)</sup> | 5.000% | 01/25/65 | 100000 | 97209 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **HECM - 3.6% (Continued)** |  |  |  |  |
| Brean Asset Backed Securities Trust, Series 2025-RM12, Class M3 <sup>(c)</sup> | 4.500% | 07/25/65 | $125861 | $101396 |
| Brean Asset Backed Securities Trust, Series 2023-RM7, Class A2 <sup>(c)</sup> | 4.500% | 03/25/78 | 180000 | 174209 |
| Cascade Funding Mortgage Trust, Series 2023-HB12, Class M1 <sup>(c)</sup> | 4.250% | 04/25/33 | 250000 | 247268 |
| Cascade Funding Mortgage Trust, Series 2022-AB2, Class M3 <sup>(c)</sup> | 2.000% | 02/25/52 | 268677 | 249912 |
| Finance of America HECM Buyout, Series 2024-HB1, Class M2 <sup>(c)</sup> | 6.000% | 10/01/34 | 250000 | 251449 |
| Ocwen Loan Investment Trust, Series 2023-HB1, Class M1 <sup>(c)</sup> | 3.000% | 06/25/36 | 250000 | 246369 |
| Ocwen Loan Investment Trust, Series 2023-HB1, Class M2 <sup>(c)</sup> | 3.000% | 06/25/36 | 300000 | 294745 |
| RMF Buyout Issuance Trust, Series 2020-HB1, Class AB <sup>(c)</sup> | 1.744% | 10/25/50 | 202581 | 189365 |
| RMF Proprietary Issuance Trust, Series 2021-2, Class A <sup>(c)</sup> | 2.125% | 09/25/61 | 398720 | 370945 |
| RMF Proprietary Issuance Trust, Series 2022-2, Class A <sup>(c)</sup> | 3.750% | 06/25/62 | 472334 | 445080 |
| RMF Proprietary Issuance Trust, Series 2022-3, Class M3 <sup>(c)</sup> | 4.000% | 08/25/62 | 150000 | 133199 |
| RMF Proprietary Issuance Trust II, Series 2022-1, Class M1 <sup>(c)</sup> | 3.000% | 01/25/62 | 400000 | 370920 |
|  |  |  |  | 3360007 |
| **Hospitality - 0.4%** |  |  |  |  |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class B <br> (1\* TSFR1M + 255) <sup>(a)(c)</sup> | 6.700% | 08/15/42 | 100000 | 100063 |
| BHMS Commerical Mortgage Trust, Series 2025-ATLS, Class C <br> (1\* TSFR1M + 330) <sup>(a)(c)</sup> | 7.450% | 08/15/42 | 150000 | 150094 |
| INTOWN Mortgage Trust, Series 2025-STAY, Class D <br> (1\* TSFR1M + 285) <sup>(a)(c)</sup> | 7.000% | 03/15/42 | 100000 | 99875 |
|  |  |  |  | 350032 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Industrial - 1.1%** | **Industrial - 1.1%** | **Industrial - 1.1%** | | |
| BX Commercial Mortgage Trust, Series 2025-VLT6, Class D<br> (1\* TSFR1M + 259) <sup>(a)(c)</sup> | 6.742% | 03/15/30 | $175000 | $174781 |
| BX Trust, Series 2025-VLT7, Class D (1\* TSFR1M + 325) <sup>(a)(c)</sup> | 7.400% | 07/15/27 | 150000 | 151125 |
| BX Trust, Series 2025-BCAT, Class D (1\* TSFR1M + 265) <sup>(a)(c)</sup> | 7.000% | 08/15/42 | 95828 | 96095 |
| DK Trust, Series 2025-LXP, Class C <sup>(c)</sup> | 6.592% | 08/15/37 | 400000 | 400375 |
| DK Trust, Series 2025-LXP, Class D <sup>(c)</sup> | 7.241% | 08/15/37 | 250000 | 250313 |
|  |  |  |  | 1072689 |
| **Laboratory - 2.5%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-BIO2, Class D <sup>(c)</sup> | 7.970% | 08/13/41 | 100000 | 99504 |
| Commercial Mortgage Trust, Series 2020-CX, Class B <sup>(c)</sup> | 2.446% | 11/10/46 | 550000 | 467859 |
| Life Financial Services Trust, Series 2021-BMR, Class D <br> (1\* TSFR1M + 151) <sup>(a)(c)</sup> | 5.664% | 03/15/38 | 175000 | 173906 |
| Life Financial Services Trust, Series 2021-BMR, Class E <br> (1\* TSFR1M + 186) <sup>(a)(c)</sup> | 6.014% | 03/15/38 | 350000 | 346938 |
| Life Financial Services Trust, Series 2022-BMR2, Class A1<br> (1\* TSFR1M + 130) <sup>(a)(c)</sup> | 5.445% | 05/15/39 | 250000 | 243125 |
| Life Financial Services Trust, Series 2022-BMR2, Class B <br> (1\* TSFR1M + 179) <sup>(a)(c)</sup> | 5.944% | 05/15/39 | 250000 | 234357 |
| Life Financial Services Trust, Series 2022-BMR2, Class C <br> (1\* TSFR1M + 209) <sup>(a)(c)</sup> | 6.243% | 05/15/39 | 250000 | 228438 |
| VLS Commercial Mortgage Trust, Series 2020-LAB, Class A <sup>(c)</sup> | 2.130% | 10/10/42 | 300000 | 256388 |
| VRTX Trust, Series 2025-HQ, Class D <sup>(c)</sup> | 6.815% | 09/05/30 | 300000 | 305374 |
|  |  |  |  | 2355889 |
| **Multifamily - 0.7%** |  |  |  |  |
| BX Commercial Mortgage Trust, Series 2024-AIRC, Class D <br> (1\* TSFR1M + 309) <sup>(a)(c)</sup> | 7.239% | 08/15/39 | 280859 | 281559 |
| Multifamily Connecticut Avenue, Series 2025-01, Class M1 <br> (1\* SOFR30A + 240) <sup>(a)(c)</sup> | 6.756% | 05/25/55 | 199943 | 200720 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Multifamily - 0.7% (Continued)** |  |  |  |  |
| MultiFamily Structured Credit Risk Notes, Series 2024-MN9, Class M1 <br> (1\* SOFR30A + 245) <sup>(a)(c)</sup> | 6.798% | 10/25/44 | $192731 | $194117 |
| MultiFamily Structured Credit Risk Notes, Series 2021-MN1, Class M-1 <br> (1\* SOFR + 200) <sup>(a)(c)</sup> | 6.356% | 01/25/51 | 12257 | 12223 |
|  |  |  |  | 688619 |
| **Non-Agency MBS 2.0 - 0.4%** |  |  |  |  |
| Redwood Funding Trust, Series 2025-2, Class A <sup>(c)</sup> | 7.112% | 05/27/55 | 90372 | 90783 |
| Redwood Funding Trust, Series 2025-3, Class B <sup>(c)</sup> | 7.749% | 12/27/56 | 275000 | 274817 |
|  |  |  |  | 365600 |
| **Non-Performing Loan - 0.1%** |  |  |  |  |
| Saluda Grade Alternative Mortgage Trust, Series 2025-NPL2, <br> Class A1 <sup>(c)</sup> | 7.774% | 05/25/30 | 125436 | 126341 |
| **Non-QM - 0.8%** |  |  |  |  |
| Angel Oak Mortgage Trust, Series 2025-5, Class A1 <sup>(c)</sup> | 5.573% | 04/25/70 | 562992 | 568027 |
| COLT Funding, LLC, Series 2024-7, Class A1 <sup>(c)</sup> | 5.538% | 12/26/69 | 218699 | 220353 |
|  |  |  |  | 788380 |
| **Office - 1.7%** |  |  |  |  |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2020-BOC, Class A <sup>(c)</sup> | 2.627% | 01/15/32 | 100000 | 88327 |
| Banc of America Merrill Lynch Commercial Mortgage, Series 2016-SS1, Class A <sup>(c)</sup> | 3.665% | 12/15/35 | 223621 | 210623 |
| Banc of America Merrill Lynch Commerical Mortgage, Series 2020-BOC, Class D <sup>(c)</sup> | 3.289% | 01/15/32 | 100000 | 75410 |
| Banc of America Merrill Lynch Commericial Mortgage, Series 2020-BOC, Class B <sup>(c)</sup> | 2.829% | 01/15/32 | 100000 | 83333 |
| COLEM Mortgage Trust, Series 2022-HLNE, Class B <sup>(c)</sup> | 2.461% | 04/12/42 | 100000 | 88711 |
| Drop Mortgage Trust, Series 2021-FILE, Class A <br> (1\* TSFR1M + 126) <sup>(a)(c)</sup> | 5.414% | 10/15/43 | 450000 | 437203 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Office - 1.7% (Continued)** |  |  |  |  |
| NYT Mortgage Trust, Series 2019-NYT, Class C <br> (1\* TSFR1M + 200) <sup>(a)(c)</sup> | 6.361% | 12/15/35 | $100000 | $97131 |
| NYT Mortgage Trust, Series 2019-NYT, Class D <br> (1\* TSFR1M + 230) <sup>(a)(c)</sup> | 6.661% | 12/15/35 | 150000 | 143174 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class B <sup>(c)</sup> | 6.013% | 09/15/40 | 200000 | 200730 |
| Wells Fargo Commerical Mortgage Trust, Series 2025-1918, Class D <sup>(c)</sup> | 8.623% | 09/15/40 | 200000 | 201855 |
|  |  |  |  | 1626497 |
| **Residential Transition Loan - 1.7%** |  |  |  |  |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A1 <sup>(c)</sup> | 6.456% | 05/25/40 | 100000 | 101428 |
| Easy STG Mortage Loan Trust, Series 2025-RTL1, Class A2 <sup>(c)</sup> | 8.299% | 05/25/40 | 125000 | 126229 |
| Fidelis Mortgage Trust, Series 25-RTL1, Class A-2 <sup>(c)</sup> | 6.220% | 02/27/40 | 100000 | 101391 |
| Fidelis Mortgage Trust, Series 2025-RTL2, Class B <sup>(c)</sup> | 8.400% | 07/25/40 | 100000 | 97677 |
| LHOME Mortgage Trust, Series 2024-RTL3, Class A2 <sup>(c)</sup> | 6.894% | 05/25/29 | 500000 | 505795 |
| LHOME Mortgage Trust, Series 2025-RTL1, Class A2 <sup>(c)</sup> | 5.952% | 01/25/40 | 100000 | 100698 |
| LHOME Mortgage Trust, Series 2025-RTL2, Class A1 <sup>(c)</sup> | 5.612% | 04/25/40 | 300000 | 302863 |
| New York Mortgage Trust, Series 2024-BPL2, Class A1 <sup>(c)</sup> | 6.509% | 05/25/39 | 200000 | 202041 |
| ROC Mortgage Trust, Series 2025-RTL1, Class A2 <sup>(c)</sup> | 6.114% | 02/25/40 | 100000 | 100896 |
|  |  |  |  | 1639018 |
| **Second Lien - 1.2%** |  |  |  |  |
| Achieve Mortgage, Series 2025-HE1, Class A <sup>(c)</sup> | 5.920% | 03/25/55 | 89512 | 91001 |
| HTAP Trust, Series 2024-1, Class A <sup>(c)</sup> | 7.000% | 04/25/37 | 187667 | 188820 |
| HTAP Trust, Series 2024-2, Class A <sup>(c)</sup> | 6.500% | 04/25/42 | 181357 | 180848 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Second Lien - 1.2% (Continued)** |  |  |  |  |
| Point Securitization Trust, Series 2025-1, Class A1 <sup>(c)</sup> | 6.250% | 06/25/55 | $97393 | $97408 |
| Unlock HEA Trust, Series 2025-1, Class A <sup>(c)</sup> | 6.750% | 07/25/41 | 99654 | 99915 |
| Vista Point Securitization Trust, Series 2024-CES3, Class A1 <sup>(c)</sup> | 5.679% | 01/25/55 | 86828 | 87223 |
| Vista Point Securitization Trust, Series 2024-CES3, Class A2 <sup>(c)</sup> | 5.995% | 01/25/55 | 400000 | 404606 |
|  |  |  |  | 1149821 |
| **Single Family Rental - 1.5%** |  |  |  |  |
| Home Partners of America Trust, Series 2021-3, Class A <sup>(c)</sup> | 2.200% | 01/17/41 | 165203 | 153434 |
| Progress Residential Trust, Series 2021-SFR3, Class E1 <sup>(c)</sup> | 2.538% | 05/17/26 | 375000 | 371389 |
| Progress Residential Trust, Series 2021-SFR3, Class E2 <sup>(c)</sup> | 2.688% | 05/17/26 | 230000 | 227844 |
| Progress Residential Trust, Series 2021-SFR5, Class E1 <sup>(c)</sup> | 2.209% | 07/17/38 | 335000 | 327397 |
| Progress Residential Trust, Series 2021-SFR5, Class E2 <sup>(c)</sup> | 2.359% | 07/17/38 | 230000 | 224825 |
| Progress Residential Trust, Series 2025-SFR1, Class E1 <sup>(c)</sup> | 3.750% | 02/17/42 | 100000 | 92716 |
|  |  |  |  | 1397605 |
| **Small Business - 0.5%** |  |  |  |  |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class A <sup>(c)</sup> | 5.490% | 09/10/31 | 150000 | 150677 |
| Kapitus Asset Securitization, LLC, Series 2024-4R, Class C <sup>(c)</sup> | 7.150% | 09/10/31 | 100000 | 100724 |
| Kapitus Asset Securitization, LLC, Series 2025-1A, Class C <sup>(c)</sup> | 7.400% | 04/10/32 | 225000 | 227012 |
|  |  |  |  | 478413 |
| **Student Loan - 0.8%** |  |  |  |  |
| Bayview Opportunity Master Fund, Series 2025-EDU1, Class D <br> (1\* SOFR30A + 225) <sup>(a)(c)</sup> | 6.583% | 07/27/48 | 250000 | 250000 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Student Loan - 0.8% (Continued)** |  |  |  |  |
| College Ave Student Loans, Series 2018-A, Class B <sup>(c)</sup> | 4.750% | 12/26/47 | $147153 | $145697 |
| Social Professional Loan Program, Series 2019-B, Class BFX <sup>(c)</sup> | 3.730% | 08/17/48 | 400000 | 375089 |
|  |  |  |  | 770786 |
| **Unsecured Consumer - 3.9%** |  |  |  |  |
| ACHV ABS Trust, Series 2024-1PL, Class D <sup>(c)</sup> | 7.290% | 04/25/31 | 92542 | 94294 |
| ACHV ABS Trust, Series 2024-3AL, Class D <sup>(c)</sup> | 6.750% | 12/26/31 | 86587 | 87845 |
| Affirm, Inc., Series 2025-X1, Class D <sup>(c)</sup> | 6.110% | 04/15/30 | 250000 | 251276 |
| AMCR ABS Trust, Series 2023-1, Class B <sup>(c)</sup> | 8.700% | 01/21/31 | 53745 | 54216 |
| AMCR ABS Trust, Series 2024-A, Class A <sup>(c)</sup> | 6.260% | 08/18/31 | 65698 | 65931 |
| Cherry Securitization Trust, Series 2025-1A, Class A <sup>(c)</sup> | 6.130% | 11/15/32 | 200000 | 203248 |
| Oportun Funding, LLC, Series 2024-3, Class C <sup>(c)</sup> | 6.250% | 08/15/29 | 125000 | 125860 |
| Oportun Funding, LLC, Series 2021-C, Class C <sup>(c)</sup> | 3.610% | 10/08/31 | 67098 | 66229 |
| Oportun Funding, LLC, Series 2025-A, Class C <sup>(c)</sup> | 5.890% | 02/08/33 | 140000 | 140205 |
| Oportun Funding, LLC, Series 2025-C, Class D <sup>(c)</sup> | 5.910% | 07/08/33 | 200000 | 200821 |
| Pagaya AI Debt Selection Trust, Series 2024-1, Class C <sup>(c)</sup> | 8.344% | 07/15/31 | 62423 | 63181 |
| Pagaya AI Debt Selection Trust, Series 2025-1, Class D <sup>(c)</sup> | 6.282% | 07/15/32 | 99991 | 101018 |
| Pagaya AI Debt Selection Trust, Series 2024-11, Class D <sup>(c)</sup> | 6.307% | 07/15/32 | 124986 | 125505 |
| Pagaya AI Debt Selection Trust, Series 2025-6, Class B <sup>(c)</sup> | 4.883% | 04/15/33 | 350000 | 349737 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class A <sup>(c)</sup> | 5.715% | 01/20/34 | 100000 | 101171 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class D <sup>(c)</sup> | 6.739% | 01/20/34 | 150000 | 151652 |
| Pagaya Point of Sale Holdings, Series 2025-1, Class E <sup>(c)</sup> | 11.276% | 01/20/34 | 100000 | 103243 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Securitized - 58.7% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| **Unsecured Consumer - 3.9% (Continued)** |  |  |  |  |
| Reach Financial, LLC, Series 2025-1A, Class B <sup>(c)</sup> | 5.340% | 08/16/32 | $200000 | $202974 |
| Reach Financial, LLC, Series 2025-1A, Class C <sup>(c)</sup> | 5.990% | 08/16/32 | 100000 | 101796 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST2, Class NT <sup>(c)</sup> | 6.110% | 06/15/32 | 173729 | 175760 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class B <sup>(c)</sup> | 5.254% | 09/15/32 | 200000 | 200587 |
| Upgrade Master Pass-Thru Trust, Series 2025-ST5, Class C <sup>(c)</sup> | 5.923% | 09/15/32 | 300000 | 302231 |
| Upgrade Receivables Trust, Series 2024-1A, Class C <sup>(c)</sup> | 6.470% | 01/15/31 | 100000 | 101077 |
| Upstart Securitization Trust, Series 2025-3, Class C <sup>(c)</sup> | 5.430% | 09/20/35 | 225000 | 224248 |
| Upstart Structured Pass-Through Trust, Series 2022-4A, Class B <sup>(c)</sup> | 8.540% | 11/15/30 | 25386 | 25466 |
|  |  |  |  | 3619571 |
| **Total Securitized** (Cost $54,030,058) |  |  |  | $55312237 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Treasury - 20.6%** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| U.S. Treasury Notes | 3.875% | 11/30/29 | $175000 | $176128 |
| U.S. Treasury Notes | 0.625% | 08/15/30 | 4850000 | 4181420 |
| U.S. Treasury STRIPS | 0.000% | 08/15/33 | 100000 | 72377 |
| U.S. Treasury Notes <sup>(b)</sup> | 4.000% | 02/15/34 | 6250000 | 6233643 |
| U.S. Treasury STRIPS | 0.000% | 08/15/34 | 150000 | 103214 |
| U.S. Treasury STRIPS | 0.000% | 02/15/36 | 250000 | 158988 |
| U.S. Treasury STRIPS | 0.000% | 02/15/37 | 250000 | 151020 |
| U.S. Treasury STRIPS | 0.000% | 02/15/38 | 1000000 | 571446 |
| U.S. Treasury STRIPS | 0.000% | 11/15/38 | 300000 | 164488 |
| U.S. Treasury Bonds | 1.125% | 08/15/40 | 1000000 | 630625 |
| U.S. Treasury Bonds | 1.375% | 11/15/40 | 850000 | 554559 |
| U.S. Treasury STRIPS | 0.000% | 08/15/41 | 200000 | 93646 |

---

**Diamond Hill Core Plus Bond Fund**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Treasury - 20.6% (Continued)** | **Coupon** | **Maturity** | **Shares / Par Value** | **Fair Value** |
| U.S. Treasury STRIPS | 0.625% | 02/15/43 | $491761 | $373219 |
| U.S. Treasury STRIPS | 0.000% | 08/15/43 | 300000 | 125117 |
| U.S. Treasury Bonds | 2.250% | 08/15/46 | 1000000 | 667188 |
| U.S. Treasury Bonds | 3.000% | 02/15/48 | 5500000 | 4153359 |
| U.S. Treasury Bonds | 1.250% | 05/15/50 | 400000 | 196203 |
| U.S. Treasury Bonds | 1.625% | 11/15/50 | 1500000 | 804844 |
| **Total Treasury** (Cost $19,334,083) |  |  |  | $19411484 |

---

---

| | | |
|:---|:---|:---|
| **Registered Investment Companies - 6.2%** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(d)</sup> | 3233818 | $3233818 |
| State Street Navigator Securities Lending Portfolio I, 3.94% <sup>(d)(e)</sup> | 2599510 | 2599510 |
| **Total Registered Investment Companies** (Cost $5,833,328) |  | $5833328 |
| **Total Investment Securities - 103.9%** (Cost $96,208,870) |  | $97933315 |
| **Liabilities in Excess of Other Assets - (3.9)%** |  | (3695969) |
| **Net Assets - 100.0%** |  | $94237346 |

---

<sup>(a)</sup> Variable rate security. The rate shown is the effective interest rate as of September 30, 2025. The benchmark on which the rate is calculated is shown parenthetically, if applicable. Certain variable rate securities are not based on a published rate and spread but are determined by the issuer or agent and may be based on index changes, prerepayment of underlying positions and/or other variables. These securities do not indicate a reference rate and spread in their description above.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2025 was $9,225,489.

<sup>(c)</sup> Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. The total fair value of these securities as of September 30, 2025 was $35,688,195, representing 37.9% of net assets.

<sup>(d)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

<sup>(e)</sup> This security was purchased using cash collateral held from securities on loan. Securities on loan are also collateralized by various U.S. Treasury and government agency securities in the amount of $6,994,725.

IO - Interest Only

NA - National Association

plc - Public Limited Company

PO - Principal Only

REIT - Real Estate Investment Trust

SA - Societe Anonyme

SOFR - Secured Overnight Financing Rate

TSFR - CME Term SOFR

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Diamond Hill Funds

- **b. Investment Company Act file number:** 811-08061

- **c. CIK number of Registrant:** 0001032423

- **d. LEI of Registrant:** 549300PZZTQU6QTHS663

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

  - **Street Address 1:** 325 John H. McConnell Blvd.

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 888-226-5595

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

- **a. Name of Series:** DIAMOND HILL CORE BOND FUND

- **b. EDGAR series identifier (if any):** S000055044

- **c. LEI of Series:** 549300WJVOWBLPHOUE51

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $2995890716.26

**Total Liabilities:** $54981960.90

**Net Assets:** $2940908755.36

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1570.73995795 | **1-Year:** 51072.71336666 | **5-Year:** 331852.95882073 | **10-Year:** 423722.00946717 | **30-Year:** 86297.73385994

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

- **3-Month:** 193.59554688 | **1-Year:** 136.67506670 | **5-Year:** 7.13049062 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000173087 | -0.15%               | 1.19%                | 0.96%                |
| Class ID C000173088 | -0.14%               | 1.08%                | 1.08%                |
| Class ID C000173086 | -0.19%               | 1.16%                | 0.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $388869.80               | $-12550501.60                              |
| Month 2  | $790428.31               | $20383626.07                               |
| Month 3  | $1086464.01              | $17119604.41                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ryder System, Inc.                                                       | Ryder Sys, Inc. 2.85%, Due 03/01/2027                                      | CUSIP: 78355HKT5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491183.44    | 0.02%             | 2027-03-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                             | United Airlines 4.875%, Due 07/15/2027                                     | CUSIP: 90932VAA3<br>LEI: 98450079DA0B78DD6764 | Long             | ABS-O            | CORP              | US        |    140375 | PA      | $140379.72    | 0.00%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                      | Fifth Third Bancorp 1.707%, Due 11/01/2027                                 | CUSIP: 316773DD9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    450000 | PA      | $437335.19    | 0.01%             | 2027-11-01      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2020-165, Class BP         | CUSIP: 38382KV67<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    430904 | PA      | $363860.49    | 0.01%             | 2050-11-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool AS5236                          | CUSIP: 3138WEZA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    878144 | PA      | $844911.00    | 0.03%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nyt Mortgage Trust                                                       | NYT Mortgage Trust Series 2019-NYT, Class C                                | CUSIP: 62954PAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2622541.86   | 0.09%             | 2035-12-15      | Floating      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                        | Bank of New York Mellon Corporation 5.834%, Due 10/25/2033                 | CUSIP: 06406RBM8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    500000 | PA      | $538526.29    | 0.02%             | 2033-10-25      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corporation                                             | Freedom Mortgage Corporation Series 22-GT2 Class A                         | CUSIP: 30259RAP0<br>LEI: 549300LYRWPSYPK6S325 | Long             | ABS-O            | CORP              | US        |   2350000 | PA      | $2359055.26   | 0.08%             | 2027-07-25      | Fixed         | 7.90%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-B                                      | BX Trust Series 2025-BCAT, Class D                                         | CUSIP: 12433HAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3449825 | PA      | $3459409.04   | 0.12%             | 2042-08-15      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CLI Funding Llc                                                          | CLI Funding VI LLC Series 2020-1 Class B                                   | CUSIP: 12563LAP2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    321524 | PA      | $305598.28    | 0.01%             | 2045-09-18      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Pricoa Global Funding I                                                  | Pricoa Global Funding 4.65%, Due 08/27/2031                                | CUSIP: 74153WCV9<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505185.52    | 0.02%             | 2031-08-27      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| CP EF ASSET SECURITIZATION II LLC                                        | CPF IV, LLC Series 2023-1A, Class A                                        | CUSIP: 224092AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    943133 | PA      | $951680.88    | 0.03%             | 2032-03-15      | Fixed         | 7.48%                 | Yes           |                  2 | On Loan: No      |
| BAYVIEW OPPORTUNITY MASTER FUND VII                                      | Bayview Opportunity Master Fund Series 2025-EDU1, Class D                  | CUSIP: 07337GAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4200000 | PA      | $4200000.00   | 0.14%             | 2048-07-27      | Variable      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-129, Class PL         | CUSIP: 38383UCZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   3595000 | PA      | $3082976.37   | 0.10%             | 2052-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hero Fdg 2016-3                                                          | Hero Funding Trust Series 2016-3A Class A1                                 | CUSIP: 42770XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    868507 | PA      | $808165.57    | 0.03%             | 2042-09-20      | Fixed         | 3.08%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                                       | Met Life Global Funding I 5.05%, Due 01/08/2034                            | CUSIP: 59217GFS3<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    850000 | PA      | $868399.35    | 0.03%             | 2034-01-08      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: —       |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2013-35 Class YT              | CUSIP: 3136ADSD2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     82213 | PA      | $84694.81     | 0.00%             | 2032-09-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2021-149, Class ZB         | CUSIP: 38382XCC7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    321653 | PA      | $189308.82    | 0.01%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-117, Class LZ         | CUSIP: 38384CGN3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   7730208 | PA      | $8070954.44   | 0.27%             | 2053-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2021-79, Class EL             | CUSIP: 3136BJB95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   6428838 | PA      | $5332806.96   | 0.18%             | 2051-11-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                      | Nextera Energy Capital Holdings Incorporated 5.25%, Due 03/15/2034         | CUSIP: 65339KCU2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513484.47    | 0.02%             | 2034-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| HSBC Holdings PLC                                                        | HSBC Holdings plc 5.45%, Due 03/03/2036                                    | CUSIP: 404280ES4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1031959.71   | 0.04%             | 2036-03-03      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2020-55, Class EY             | CUSIP: 3136BBQS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2300000 | PA      | $1642783.05   | 0.06%             | 2050-08-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| American Water Capital Corp                                              | American Water Works Company Incorporated 5.15%, Due 03/01/2034            | CUSIP: 03040WBD6<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2061292.32   | 0.07%             | 2034-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2018-77, Class BY             | CUSIP: 3136B3JW1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2276278 | PA      | $2037891.01   | 0.07%             | 2048-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RMF PRPTR ISSN TR 2022-3                                                 | RMF Proprietary Issuance Trust Series 2022-3, Class M3                     | CUSIP: 74970FAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2219986.00   | 0.08%             | 2062-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| DTE Energy Co.                                                           | DTE Energy Company 2.85%, Due 10/01/2026                                   | CUSIP: 233331AY3<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98770.60     | 0.00%             | 2026-10-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Assoication Series 2004-61, Ckass GO             | CUSIP: 31394ARR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    178634 | PA      | $162541.15    | 0.01%             | 2032-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                            | US Bancorp 4.548%, Due 07/22/2028                                          | CUSIP: 91159HJF8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302271.55    | 0.01%             | 2028-07-22      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| Farm Mortgage Trust 2024-2                                               | FARM Mortgage Trust Series 2021-1, Class A                                 | CUSIP: 30768WAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  21021010 | PA      | $17116104.89  | 0.58%             | 2051-01-25      | Variable      | 2.18%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5072, Class DG               | CUSIP: 3137F96P1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    679516 | PA      | $538295.92    | 0.02%             | 2051-02-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2017-H18 Class EB          | CUSIP: 38376R6W1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     40245 | PA      | $40100.33     | 0.00%             | 2063-06-20      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2010-118, Class DZ            | CUSIP: 31398NUV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1528421 | PA      | $1503896.87   | 0.05%             | 2040-10-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 12-134 Class KM            | CUSIP: 38378GBA5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    342000 | PA      | $252573.63    | 0.01%             | 2042-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                                | J.P. Morgan Wealth Management Series 2021-CL1, Class M1                    | CUSIP: 46591HBK5<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | ABS-O            | CORP              | US        |    524255 | PA      | $523235.97    | 0.02%             | 2051-03-25      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN AM5015                       | CUSIP: 3138L5SD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    692417 | PA      | $700905.55    | 0.02%             | 2043-12-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2005-3 Class CG               | CUSIP: 31394CBU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    109323 | PA      | $113054.46    | 0.00%             | 2035-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                   | Federal Home Loan Mortgage Corporation Series 5318, Class AZ               | CUSIP: 3137HA4Y9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   5150711 | PA      | $5063798.35   | 0.17%             | 2053-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                             | U.S. Treasury Bonds 1.125%, Due 08/15/2040                                 | CUSIP: 912810SQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60000000 | PA      | $37837500.00  | 1.29%             | 2040-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| SUNNOVA HELIOS X ISSUER LLC                                              | Helios Issuer, LLC Series 22-C Class C                                     | CUSIP: 86744WAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2586134 | PA      | $1030107.06   | 0.04%             | 2049-11-22      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                          | CVS Health Corporation 5.05%, Due 03/25/2048                               | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2268830.73   | 0.08%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| Fifth Third Bancorp                                                      | Fifth Third Bancorp 6.361%, Due 10/27/2028                                 | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    500000 | PA      | $521369.08    | 0.02%             | 2028-10-27      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                      | Brean Asset Backed Securities Series 2023-RM7, Class A1                    | CUSIP: 10638BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7792428 | PA      | $7672305.99   | 0.26%             | 2078-03-25      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Norfolk Southern Corporation                                             | Norfolk Sourthern Corporation 3.00%, Due 03/15/2032                        | CUSIP: 655844CM8<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    600000 | PA      | $552522.86    | 0.02%             | 2032-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                              | Verizon Communications, Inc. 2.355%, Due 03/15/2032                        | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1237000 | PA      | $1084775.08   | 0.04%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust 2022-1                      | Arivo Acceptance Auto Loan Series 25-1A Class D                            | CUSIP: 039962AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2975000 | PA      | $2982288.75   | 0.10%             | 2032-01-15      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| MILL CITY SOLAR LN 2019-2                                                | Mill City Solar Loan LTD Series 19-2GS Class A                             | CUSIP: 59982VAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     94244 | PA      | $84873.58     | 0.00%             | 2043-07-20      | Fixed         | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2015-11 Class MZ              | CUSIP: 3136AMXR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   5475574 | PA      | $5281699.72   | 0.18%             | 2043-12-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| College Avenue Student Loans 2019-A LLC                                  | College Avenue Student Loans Series 2019-A Class A1                        | CUSIP: 19421UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     61665 | PA      | $61853.26     | 0.00%             | 2048-12-28      | Floating      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| New York Life Global Funding                                             | New York Life Global Funding 5.0%, Due 01/09/2034                          | CUSIP: 64952WFE8<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1023021.92   | 0.03%             | 2034-01-09      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| REACH ABS TRUST 2025-1                                                   | Reach Financial LLC Series 2025-1A, Class C                                | CUSIP: 75525PAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1800000 | PA      | $1832335.20   | 0.06%             | 2032-08-16      | Fixed         | 5.99%                 | Yes           |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                        | Bank of New York Mellon Corporation 5.316%, Due 06/06/2036                 | CUSIP: 06406RCJ4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1758953.18   | 0.06%             | 2036-06-06      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Pool S0-6829                        | CUSIP: 3132HTSS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    208541 | PA      | $161786.98    | 0.01%             | 2043-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                        | PNC Financial Services 6.037%, Due 10/28/2033                              | CUSIP: 693475BJ3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    850000 | PA      | $917173.40    | 0.03%             | 2033-10-28      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corp. Series 4377 Class KZ                      | CUSIP: 3137BDBN5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    918403 | PA      | $825487.45    | 0.03%             | 2052-02-15      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN MA2198                       | CUSIP: 31418BNQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    172319 | PA      | $167543.60    | 0.01%             | 2035-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                        | U.S. Treasury STRIPS 0.000%, Due 11/15/2031                                | CUSIP: 9128337Q7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $3925928.95   | 0.13%             | 2031-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                              | Capital One Financial Company 5.197%, Due 09/11/2036                       | CUSIP: 14040HDN2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    890000 | PA      | $880211.30    | 0.03%             | 2036-09-11      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-10, Class QJ          | CUSIP: 38383GAH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1253095 | PA      | $739954.04    | 0.03%             | 2052-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                           | Pacific Life Global Fund II 1.45%, Due 01/20/2028                          | CUSIP: 6944PL2D0<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |    790000 | PA      | $744643.95    | 0.03%             | 2028-01-20      | Fixed         | 1.45%                 | Yes           |                  2 | On Loan: —       |
| The Toronto-Dominion Bank                                                | Toronto-Dominion Bank / The 5.156%, Due 01/10/2028                         | CUSIP: 89115A2M3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511888.92    | 0.02%             | 2028-01-10      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| PPG Industries, Inc.                                                     | PPG Industries, Inc. 2.550%, Due 06/15/2030                                | CUSIP: 693506BS5<br>LEI: 549300BKPEP01R3V6C59 | Long             | DBT              | CORP              | US        |    300000 | PA      | $277748.29    | 0.01%             | 2030-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Series 2016-74 Class PL            | CUSIP: 38379WXZ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1028927 | PA      | $936029.66    | 0.03%             | 2046-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                              | Abbvie, Inc. 3.20%, Due 11/21/2029                                         | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3762524.22   | 0.13%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2019-60, Class DZ             | CUSIP: 3136B6VK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1723893 | PA      | $1014321.92   | 0.03%             | 2049-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2011-57 Class PD              | CUSIP: 31397UM30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    321407 | PA      | $311440.23    | 0.01%             | 2041-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Pool QH7551                         | CUSIP: 3133CLL87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4829202 | PA      | $4963614.00   | 0.17%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4120, Class ZA               | CUSIP: 3137AVJV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   6513602 | PA      | $6007182.06   | 0.20%             | 2042-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2016-120, Class YA         | CUSIP: 38380ATH0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    500000 | PA      | $431850.80    | 0.01%             | 2046-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                                              | Merchants Fleet Funding LLC Series 2023-1A, Class D                        | CUSIP: 588926AD7<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4062626.00   | 0.14%             | 2036-05-20      | Fixed         | 8.20%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin Power and Light Company                                        | WISCONSIN PWR & LT CO SR GLBL DEB 1.95%, Due 09/16/31                      | CUSIP: 976826BP1<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |    800000 | PA      | $692055.75    | 0.02%             | 2031-09-16      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-35, Class DB          | CUSIP: 38383VM62<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1233954 | PA      | $1156172.94   | 0.04%             | 2053-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2016-116, Class ZB         | CUSIP: 38380AJZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1388167 | PA      | $1190173.91   | 0.04%             | 2046-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                      | Brean Asset Backed Securities Series 23-RM6 Class M1                       | CUSIP: 10638AAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3094873 | PA      | $3011745.57   | 0.10%             | 2063-01-25      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| American Homes 4 Rent                                                    | American Homes 4 Rent Series 2015-SFR2, Class A                            | CUSIP: 02666BAA4<br>LEI: 549300ZJUO7A58PNUW40 | Long             | ABS-O            | CORP              | US        |   3714367 | PA      | $3707100.30   | 0.13%             | 2052-10-17      | Fixed         | 3.73%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 13-31 Class NT                | CUSIP: 3136ADFZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     26161 | PA      | $24927.74     | 0.00%             | 2043-04-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Northern States Power Company                                            | Northern States Power 5.10%, Due 05/15/2053                                | CUSIP: 665772CX5<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    900000 | PA      | $855427.95    | 0.03%             | 2053-05-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: —       |
| Philip Morris International Inc.                                         | Phillip Morris International, Inc. 5.50%, Due 09/07/2030                   | CUSIP: 718172DD8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1577172.15   | 0.05%             | 2030-09-07      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                                                       | Ford Motor Company 3.250% Due 02/12/2032                                   | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $874973.65    | 0.03%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-165, Class AZ         | CUSIP: 38384D6G7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   5495017 | PA      | $6081028.84   | 0.21%             | 2053-11-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 13-5 Class GY              | CUSIP: 38378FTQ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    789000 | PA      | $646166.54    | 0.02%             | 2043-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                        | U.S. Treasury Strips 0.000%, Due 11/15/2034                                | CUSIP: 9128337W4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $3396014.00   | 0.12%             | 2034-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southwestern Electric Power Company                                      | Southwestern Electric Power 2.750%, Due 10/01/2026                         | CUSIP: 845437BP6<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98639.06     | 0.00%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4074 Class SJ                | CUSIP: 3137ASM92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    555446 | PA      | $70414.19     | 0.00%             | 2042-07-15      | Floating      | 2.13%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Assocation Series 2016-80, Class CZ              | CUSIP: 3136AUFW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    659660 | PA      | $440904.24    | 0.01%             | 2046-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Roche Holdings, Inc.                                                     | Roche Holdings Incorporated 5.593%, Due 11/13/2033                         | CUSIP: 771196CH3<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |   2331000 | PA      | $2502973.18   | 0.09%             | 2033-11-13      | Fixed         | 5.59%                 | Yes           |                  2 | On Loan: —       |
| Realty Income Corporation                                                | Realty Income Corporation 4.0%, Due 07/15/2029                             | CUSIP: 756109CB8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59620.83     | 0.00%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nucor Corporation                                                        | Nucor Corporation 3.125%, Due 04/01/2032                                   | CUSIP: 670346AV7<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    250000 | PA      | $230863.25    | 0.01%             | 2032-04-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: —       |
| Goldman Sachs Group, Inc.                                                | Goldman Sachs Group Inc 2.6%, Due 02/07/2030                               | CUSIP: 38141GXG4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $468339.26    | 0.02%             | 2030-02-07      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2019-60 ClassWZ               | CUSIP: 3136B6US0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    617572 | PA      | $405903.74    | 0.01%             | 2049-10-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corporation                                               | Carrier Global Corporation 2.722%, Due 02/15/2030                          | CUSIP: 14448CAQ7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234296.28    | 0.01%             | 2030-02-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                 | American Express Company 5.284%, Due 07/26/2035                            | CUSIP: 025816DW6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    825000 | PA      | $851575.21    | 0.03%             | 2035-07-26      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2004-49 Class MZ           | CUSIP: 38374GV41<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    634637 | PA      | $637843.98    | 0.02%             | 2034-06-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HOMEWARD OPPORTUNITIES FD TR 2024-                                       | Homeward Opportunities Fund Series 24-RRTL2 Class A2                       | CUSIP: 43789GAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4014729.60   | 0.14%             | 2039-09-25      | Variable      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                       | Energy Transfer, L.P. 5.625%, Due 05/01/2027                               | CUSIP: 226373AQ1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500222.37    | 0.02%             | 2027-05-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| New York Life Global Funding                                             | New York Life Global Funding 4.90%, Due 06/13/2028                         | CUSIP: 64952WFD0<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1022474.59   | 0.03%             | 2028-06-13      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                       | T Mobile USA Incorporated 5.05%, Due 07/15/2033                            | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   4975000 | PA      | $5081777.08   | 0.17%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 19-99, Class EW            | CUSIP: 38381XUZ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    540446 | PA      | $427207.27    | 0.01%             | 2049-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                  | UnitedHealth Group, Inc. 4.20%, Due 05/15/32                               | CUSIP: 91324PEJ7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1133575.00   | 0.04%             | 2032-05-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2014-58, Class PE          | CUSIP: 38379BRU4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  10388000 | PA      | $9970985.17   | 0.34%             | 2044-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 18-097 Class GY            | CUSIP: 38380XJ65<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1162000 | PA      | $1124796.48   | 0.04%             | 2048-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                                               | Baxter International, Inc. 1.915%, Due 02/01/2027                          | CUSIP: 071813CL1<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290772.31    | 0.01%             | 2027-02-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                        | HSBC Holdings plc 5.597%, Due 05/17/2028                                   | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3165101.80   | 0.11%             | 2028-05-17      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2013-186, Class PY         | CUSIP: 38378PUZ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   4500000 | PA      | $3943822.05   | 0.13%             | 2042-11-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                                       | Regional Management Issuance Series 21-1 Class C                           | CUSIP: 75907VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1148731 | PA      | $1143631.93   | 0.04%             | 2031-03-17      | Fixed         | 3.04%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                                              | Capital One Financial Company 6.377%, Due 06/08/2034                       | CUSIP: 14040HDA0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $540836.66    | 0.02%             | 2034-06-08      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corporation                                             | Norfolk Southern Corporation 5.95%, Due 03/15/2064                         | CUSIP: 655844CU0<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $528195.04    | 0.02%             | 2064-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp.                                                      | Valero Energy Corporation 5.15%, Due 02/15/2030                            | CUSIP: 91913YBF6<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    400000 | PA      | $411757.02    | 0.01%             | 2030-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                           | Wells Fargo Mortgage Trust Series 21-SAVE Class B                          | CUSIP: 95003LAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2123200 | PA      | $2122046.47   | 0.07%             | 2040-02-15      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-13, Class JB          | CUSIP: 38383HNB1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    505050 | PA      | $453950.56    | 0.02%             | 2053-01-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hero Funding 2018-1                                                      | Hero Funding Trust Series 2018-1A Class A2                                 | CUSIP: 42772GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     29342 | PA      | $28479.25     | 0.00%             | 2048-09-20      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2013-104 Class CY             | CUSIP: 3136AGSP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    300000 | PA      | $306802.23    | 0.01%             | 2043-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association 6.00%, Due 04/20/2036             | CUSIP: 38374MX46<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     88717 | PA      | $89378.40     | 0.00%             | 2036-04-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHF ISSUER TRUST 2023-2                                                  | First Help Financial LLC Series 2023-2A, Class D                           | CUSIP: 30333LAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1856401.23   | 0.06%             | 2030-10-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                             | U.S. Treasury Bonds 3.00%, due 02/15/2048                                  | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 144500000 | PA      | $109120078.13 | 3.71%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4448, Class GZ               | CUSIP: 3137BGYL7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2928498 | PA      | $2388035.52   | 0.08%             | 2045-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2020-160, Class QD         | CUSIP: 38382KR54<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    163028 | PA      | $81054.03     | 0.00%             | 2050-10-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                           | Morgan Stanley Floating rate, due 7/21/2032                                | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $883194.15    | 0.03%             | 2032-07-21      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loan Trust 2023-2                                           | Mosaic Solar Loans LLC Series 2023-2A, Class C                             | CUSIP: 61945WAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $2279545.20   | 0.08%             | 2053-09-22      | Fixed         | 8.18%                 | Yes           |                  2 | On Loan: No      |
| LENDING FUNDING TRUST                                                    | Lendmark Funding Trust Series 2020-2A, Class B                             | CUSIP: 51507KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1195000 | PA      | $1168812.29   | 0.04%             | 2031-04-21      | Fixed         | 3.54%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                                       | Met Life Global Funding 5.40%, Due 09/12/2028                              | CUSIP: 59217GFQ7<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1917232.00   | 0.07%             | 2028-09-12      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                           | Wells Fargo Commerical Mortgage Trust Series 2025-1918, Class D            | CUSIP: 95004QAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4250000 | PA      | $4289428.95   | 0.15%             | 2040-09-15      | Variable      | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Ginnie Mae (Ze)                                                          | Government National Mortgage Assocation Series 2019-92, Class DB           | CUSIP: 38381WV96<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1388203 | PA      | $1218004.34   | 0.04%             | 2048-01-20      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                                                  | Mastercard Incorporated 4.875%, Due 05/09/2034                             | CUSIP: 57636QAZ7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    750000 | PA      | $767751.07    | 0.03%             | 2034-05-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Massmutual Global Funding II                                             | MassMutual Global Funding 1.20%, Due 07/16/2026                            | CUSIP: 57629WDE7<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    400000 | PA      | $391138.46    | 0.01%             | 2026-07-16      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| Realty Income Corporation                                                | Realty Income Corporation 2.10%, Due 03/15/2028                            | CUSIP: 756109CA0<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    250000 | PA      | $238516.48    | 0.01%             | 2028-03-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN 252409                       | CUSIP: 31371HKW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21329 | PA      | $21684.10     | 0.00%             | 2029-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                    | Bank of America Corp 1.898% Due 07/23/2031                                 | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2679632.79   | 0.09%             | 2031-07-23      | Fixed         | 1.90%                 | No            |                  2 | On Loan: —       |
| Citigroup Inc.                                                           | Citigroup, Inc. 5.174%, Due 02/13/2030                                     | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512907.70    | 0.02%             | 2030-02-13      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-169, Class MB         | CUSIP: 38384DK97<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2150480 | PA      | $2276856.61   | 0.08%             | 2053-11-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                                           | Protective Life Global Fund 1.618%, Due 04/15/2026                         | CUSIP: 74368CBC7<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    800000 | PA      | $789266.71    | 0.03%             | 2026-04-15      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-82, Class GZ          | CUSIP: 38384AT29<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2687713 | PA      | $2756672.34   | 0.09%             | 2053-06-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOODLEAP SUSTAINABLE HOME SOLUTIONS                                      | GoodLeap Sustainable Home Improvement Loan Trust Series 2023-1GS, Class A  | CUSIP: 38237VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3660701 | PA      | $3450678.87   | 0.12%             | 2055-02-22      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4153, Class YZ               | CUSIP: 3137AXT45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   4333001 | PA      | $3901652.21   | 0.13%             | 2043-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4908, Class AB               | CUSIP: 3137FNBF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   6766850 | PA      | $6035526.90   | 0.21%             | 2049-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loan Trust 2018-1                                           | Mosaic Solar Loans, LLC Series 2018-1A Class A                             | CUSIP: 61946FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     46277 | PA      | $43452.89     | 0.00%             | 2043-06-22      | Fixed         | 4.01%                 | Yes           |                  2 | On Loan: No      |
| MULTIFAMILY CONNECTICUT AVENUE SECU                                      | Multifamily Connecticut Avenue Series 2025-1, Class M1                     | CUSIP: 62549CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4598690 | PA      | $4616560.09   | 0.16%             | 2055-05-25      | Floating      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| NMEF FUNDING 2022-B LLC                                                  | NMEF Funding, LLC Series 2022-B, Class C                                   | CUSIP: 62890MAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4616181.45   | 0.16%             | 2029-06-15      | Fixed         | 8.54%                 | Yes           |                  2 | On Loan: No      |
| RMF PROPRIETARY ISSUANCE TRUST 2022                                      | RMF Proprietary Issuance Trust Series 2022-2, Class M3                     | CUSIP: 74970CAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $978458.58    | 0.03%             | 2062-06-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Protective Life Global Funding                                           | Protective Life Global Funding 5.467%, Due 12/08/2028                      | CUSIP: 74368CBV5<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    500000 | PA      | $518333.88    | 0.02%             | 2028-12-08      | Fixed         | 5.47%                 | Yes           |                  2 | On Loan: No      |
| American Tower Corporation                                               | American Tower Corporation 3.125%, Due 01/15/2027                          | CUSIP: 03027XAM2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295840.97    | 0.01%             | 2027-01-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2018-166, Class Z          | CUSIP: 38381BAV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    541633 | PA      | $448672.23    | 0.02%             | 2048-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool DA1521                          | CUSIP: 3140A1VP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7683195 | PA      | $7897032.12   | 0.27%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2018-14 Class MZ           | CUSIP: 38380UX40<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    434092 | PA      | $281930.83    | 0.01%             | 2048-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Swepco Storm Recovery Funding LLc                                        | Swepco Storm Recovery Fund 4.88%, Due 09/01/2039                           | CUSIP: 870696AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7885071 | PA      | $7924431.27   | 0.27%             | 2039-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                  | MPLX LP 5.00%, Due 03/01/2033                                              | CUSIP: 55336VBV1<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3400844.93   | 0.12%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                               | American Tower Corporation 2.1%, Due 06/15/2020                            | CUSIP: 03027XBC3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    200000 | PA      | $180266.72    | 0.01%             | 2030-06-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| CFMT 2024-HB14 LLC                                                       | Cascade Funding Mortgage Trust Series 2024-HB14, Class M3                  | CUSIP: 12530XAD3<br>LEI: 9845005986F840FBE847 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3804441.20   | 0.13%             | 2034-06-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| BAMLL Commercial Mortgage Securities Trust 2016-Ashf                     | Banc of America Merrill Lynch Commercial Mortgage Series 2020-BOC, Class A | CUSIP: 05551JAA8<br>LEI: 549300MWBLMUUG6B8094 | Long             | ABS-O            | CORP              | US        |   2350000 | PA      | $2075676.28   | 0.07%             | 2032-01-15      | Fixed         | 2.63%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST 2025-1                                      | Pagaya AI Debt Selection Trust Series 2025-1, Class D                      | CUSIP: 69544NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4699599 | PA      | $4747858.42   | 0.16%             | 2032-07-15      | Fixed         | 6.28%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2021-216, Class QM         | CUSIP: 38383D4Q8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1172581 | PA      | $666810.35    | 0.02%             | 2051-12-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TST 2020-SFR3                                       | Progress Residential Trust Series 2021-SFR3, Class E2                      | CUSIP: 74333VAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2292061 | PA      | $2270580.03   | 0.08%             | 2026-05-17      | Fixed         | 2.69%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN DC6393                       | CUSIP: 3140B7C76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14493539 | PA      | $14941153.40  | 0.51%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EASY STREET MORTGAGE LOAN TRUST 2025-RTL1                                | Easy 2025-RTL1 Series 25-RTL1 Class A1                                     | CUSIP: 27786FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4450000 | PA      | $4513556.68   | 0.15%             | 2040-05-25      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| ACM AUTO TRUST 2025-2                                                    | ACM Auto Trust Series 2025-3A, Class A                                     | CUSIP: 00161UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4765475 | PA      | $4747812.87   | 0.16%             | 2030-01-22      | Fixed         | 5.01%                 | Yes           |                  2 | On Loan: No      |
| PPL Electric Utilities Corporation                                       | PPL Electric Utilities 3.00%, Due 10/01/2019                               | CUSIP: 69351UAW3<br>LEI: 549300GCZLSGYEYPIR35 | Long             | DBT              | CORP              | US        |    160000 | PA      | $107141.23    | 0.00%             | 2049-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Assoication Series 18-31 Class KB                | CUSIP: 3136B1YC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    171266 | PA      | $157143.05    | 0.01%             | 2048-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Dominion Energy South Carolina Inc                                       | Dominion Energy South Carolina 6.25%, Due 10/15/2053                       | CUSIP: 25731VAB0<br>LEI: 3QRVFYR22IUIEOORTK28 | Long             | DBT              | CORP              | US        |    450000 | PA      | $494759.74    | 0.02%             | 2053-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool AN7612                          | CUSIP: 3138LLN68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    239471 | PA      | $224914.45    | 0.01%             | 2032-12-01      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| Blue Bridge Financial LLC                                                | Blue Bridge Funding Inc Series 23-1A Class A                               | CUSIP: 09531MAA8<br>LEI: 549300UZCOJ7LHE4T940 | Long             | ABS-O            | CORP              | US        |    626877 | PA      | $632749.32    | 0.02%             | 2030-11-15      | Fixed         | 7.37%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2017-080 Class BZ          | CUSIP: 38376U3C1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    468331 | PA      | $358882.76    | 0.01%             | 2047-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corp Pool RE-0015                               | CUSIP: 3133LWAQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   5121143 | PA      | $4588978.23   | 0.16%             | 2050-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UPSTART PASS-THRU 2021-ST                                                | Upstart Pass Through Trust Series 21-ST4 Class A                           | CUSIP: 91534HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70141 | PA      | $70018.47     | 0.00%             | 2027-07-20      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Realty Income Corporation                                                | Realty Income Corporation 4.45%, Due 09/15/2026                            | CUSIP: 756109BY9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    413000 | PA      | $413860.61    | 0.01%             | 2026-09-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| KAPITUS ASSET SECURITIZATION IV LLC                                      | Kapitus Asset Securitization, LLC Series 2024-1A, Class C                  | CUSIP: 48555MAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $352535.30    | 0.01%             | 2031-09-10      | Fixed         | 7.15%                 | Yes           |                  2 | On Loan: No      |
| Protective Life Global Funding                                           | Protective Life Global Funding 4.992%, Due 01/12/2027                      | CUSIP: 74368CBX1<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504967.50    | 0.02%             | 2027-01-12      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| ACM AUTO TRUST 2025-1                                                    | ACM Auto Trust Series 2025-1A, Class B                                     | CUSIP: 00161EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3004051.20   | 0.10%             | 2031-11-20      | Fixed         | 7.87%                 | Yes           |                  2 | On Loan: No      |
| Abbott Laboratories                                                      | Abbott Laboratories 4.75%, Due 11/30/2036                                  | CUSIP: 002824BG4<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100916.02    | 0.00%             | 2036-11-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                | RTX Corporation 6.10%, Due 03/15/2034                                      | CUSIP: 75513ECW9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   2675000 | PA      | $2929107.67   | 0.10%             | 2034-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2021-216, Class Z          | CUSIP: 38383D6H6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   5987656 | PA      | $3421411.28   | 0.12%             | 2051-12-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                     | JP Morgan Chase and Co. 1.578%, Due 04/22/2027                             | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394251.54    | 0.01%             | 2027-04-22      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                             | Broadcom Incorporated 4.15%, Due 04/15/2032                                | CUSIP: 11135FBT7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3824593.93   | 0.13%             | 2032-04-15      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                                | J.P. Morgan Wealth Management Series 2021-CL1, Class M3                    | CUSIP: 46591HBM1<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | ABS-O            | CORP              | US        |   1450842 | PA      | $1429991.64   | 0.05%             | 2051-03-25      | Floating      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Principal Only                      | CUSIP: 31397A4K6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     62830 | PA      | $53746.47     | 0.00%             | 2036-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Waste Connections Inc.                                                   | Waste Connections Incorporated 3.20%, Due 06/01/2032                       | CUSIP: 94106BAE1<br>LEI: 549300ZX1Z8QGWASPX54 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1666762.67   | 0.06%             | 2032-06-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: —       |
| Burlington Northern Santa Fe LLC                                         | Burlington North Santa Fe 2.875%, Due 06/15/2052                           | CUSIP: 12189LBH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1523000 | PA      | $975191.02    | 0.03%             | 2052-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Pool G2 CN5237                     | CUSIP: 3617F4ZA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1541771 | PA      | $1480353.81   | 0.05%             | 2062-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association Series 22-1 Class GE                 | CUSIP: 3136BLMX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3312737 | PA      | $2870209.05   | 0.10%             | 2052-02-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| RFT TRUST 2024-2                                                         | Redwood Funding Trust Series 2024-2, Class A1                              | CUSIP: 76201AAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4949145 | PA      | $4945462.35   | 0.17%             | 2028-09-27      | Fixed         | 7.11%                 | Yes           |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES1                                            | RCKT Trust Series 25-1A Class D                                            | CUSIP: 74939RAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1850000 | PA      | $1862431.63   | 0.06%             | 2034-07-25      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                       | BX Trust Series 2025-VLT7, Class D                                         | CUSIP: 123913AG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7500000 | PA      | $7556250.00   | 0.26%             | 2027-07-15      | Floating      | 7.40%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2021-66, Class YM          | CUSIP: 38382RXZ6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1578489 | PA      | $1389533.19   | 0.05%             | 2049-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                | Florida Power & Light Company 5.10%, Due 04/01/2033                        | CUSIP: 341081GL5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    500000 | PA      | $517336.51    | 0.02%             | 2033-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: —       |
| Target Corp.                                                             | Target Corporation 5.0%, Due 04/15/2035                                    | CUSIP: 87612EBT2<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |   3340000 | PA      | $3381592.22   | 0.11%             | 2035-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2006-56 Class DC              | CUSIP: 31395NXE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    225257 | PA      | $221539.91    | 0.01%             | 2036-07-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                     | JPMorgan Chase & Company 5.04%, Due 01/23/2028                             | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011341.88   | 0.03%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-065, Class LZ         | CUSIP: 38384AHJ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1331500 | PA      | $1278839.46   | 0.04%             | 2053-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                                                   | Southwest Airlines Company 5.125%, Due 06/15/2027                          | CUSIP: 844741BK3<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012090.27   | 0.03%             | 2027-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                      | Dominion Energy Inc 1.45%, Due 04/15/2026                                  | CUSIP: 25746UDJ5<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    750000 | PA      | $738673.59    | 0.03%             | 2026-04-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                                   | Extra Space Storage LP 5.35%, Due 01/15/2035                               | CUSIP: 30225VAT4<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    400000 | PA      | $407676.27    | 0.01%             | 2035-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MULTIFAMILY CONNECT TR 2024-01                                           | Multifamily Connecticut Avenue Series 2024-01, Class M7                    | CUSIP: 62548RAA7<br>LEI: 254900QY3MMJFMNKXA93 | Long             | ABS-O            | CORP              | US        |   5893378 | PA      | $5970036.79   | 0.20%             | 2054-07-25      | Floating      | 7.11%                 | Yes           |                  2 | On Loan: No      |
| REACH ABS TRUST 2023-1                                                   | Reach Financial LLC Series 2024-1A, Class C                                | CUSIP: 75526PAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $1185539.83   | 0.04%             | 2031-02-18      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| TRICOLOR AUTO SECURITIZATION TRUST                                       | Tricolor Auto Securitization Trust Series 2024-1A, Class B                 | CUSIP: 89616LAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4000000.00   | 0.14%             | 2027-12-15      | Fixed         | 6.53%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Pool S0-6050                        | CUSIP: 3128HXWK7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    113213 | PA      | $88175.36     | 0.00%             | 2042-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Series 2018-105, Class ZK          | CUSIP: 38380YRT4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    530769 | PA      | $469974.36    | 0.02%             | 2048-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc.                                                              | Pfizer Incorporated 7.20%, Due 03/15/2039                                  | CUSIP: 717081CY7<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1321035.73   | 0.04%             | 2039-03-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Shell International Finance B.V.                                         | Shell International Finance BV 6.375%, Due 12/15/38                        | CUSIP: 822582AD4<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | US        |     73000 | PA      | $82595.50     | 0.00%             | 2038-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Laboratory Corporation of America Holdings                               | Laboratory Corporation American Holdings 1.55%, Due 06/01/2026             | CUSIP: 50540RAX0<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    375000 | PA      | $368708.41    | 0.01%             | 2026-06-01      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| NEWTEK SMALL BUSI LN TR 2023-1                                           | Newtek Small Business Loan Trust Series 23-1 Class B                       | CUSIP: 65254RAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1941601 | PA      | $1928515.17   | 0.07%             | 2050-07-25      | Variable      | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2012-99 Class UY              | CUSIP: 3136A8WA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    479000 | PA      | $388541.28    | 0.01%             | 2042-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                 | American Express Company 5.282%, Due 07/27/2029                            | CUSIP: 025816DH9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    400000 | PA      | $412549.05    | 0.01%             | 2029-07-27      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                | Toronto-Dominion Bank / The 4.994%, Due 04/05/2029                         | CUSIP: 89115A2Y7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1026882.61   | 0.03%             | 2029-04-05      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assoication Series 20-133, Class ZM           | CUSIP: 38382JG42<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    505598 | PA      | $181881.05    | 0.01%             | 2050-09-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-4, Class BV           | CUSIP: 38383VKK3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1002765 | PA      | $1023783.08   | 0.03%             | 2033-12-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool AN3598                          | CUSIP: 3138LF7L6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    245737 | PA      | $235523.43    | 0.01%             | 2028-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2021-96, Class JK          | CUSIP: 38382UYF2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2529678 | PA      | $1570557.39   | 0.05%             | 2051-06-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2016-77, Class GY          | CUSIP: 38379YKS6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1110000 | PA      | $1008352.97   | 0.03%             | 2046-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                           | Wells Fargo Commerical Mortgage Trust Series 2025-1918, Class B            | CUSIP: 95004QAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5018242.00   | 0.17%             | 2040-09-15      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 237 Class S14                | CUSIP: 31282YEU9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    198870 | PA      | $22431.55     | 0.00%             | 2036-05-15      | Floating      | 2.11%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                                   | Extra Space Storage LP 2.20%, Due 10/15/2030                               | CUSIP: 30225VAP2<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   1399000 | PA      | $1254241.01   | 0.04%             | 2030-10-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| HF Sinclair Corp.                                                        | HF Sinclair Corporation 5.75%, Due 01/15/2031                              | CUSIP: 403949AR1<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3829595.87   | 0.13%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN DC6991                       | CUSIP: 3140AUXV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  21769373 | PA      | $21632099.52  | 0.74%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2017-H16 Class DB          | CUSIP: 38375UE89<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     13799 | PA      | $13650.67     | 0.00%             | 2067-08-20      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| PRODIGY FINANCE CM2021-1 DESIGNATED                                      | Prodigy Finance Series 2021-1A, Class A                                    | CUSIP: 742855AA7<br>LEI: 635400HTAZNW3LYYMQ40 | Long             | ABS-O            | CORP              | US        |    138449 | PA      | $138320.97    | 0.00%             | 2051-07-25      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                        | U.S. Treasury Strips 0.000%, Due 02/15/2036                                | CUSIP: 9128335B2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $9539285.40   | 0.32%             | 2036-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CP EF ASSET SECURITIZATION II LLC                                        | CPF IV, LLC Series 2023-1A, Class C                                        | CUSIP: 224092AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1988497.00   | 0.07%             | 2032-03-15      | Fixed         | 7.56%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Inc.                                                           | BlackRock Incorporated 2.10%, Due 02/25/2032                               | CUSIP: 09247XAS0<br>LEI: 529900VBK42Y5HHRMD23 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1424793.61   | 0.05%             | 2032-02-25      | Fixed         | 2.10%                 | No            |                  2 | On Loan: —       |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                   | Federal Home Loan Mortgage Corporation Series 5510, Class HB               | CUSIP: 3137HJN86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   6749677 | PA      | $4253917.11   | 0.14%             | 2048-07-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LENDMARK FUNDING TRUST                                                   | Lendmark Funding Trust Series 21-1A Class C                                | CUSIP: 52607MAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $714849.23    | 0.02%             | 2031-11-20      | Fixed         | 3.41%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Assoication SERIES 2012-128 CLASS SH             | CUSIP: 3136A9VH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   4502962 | PA      | $3175411.01   | 0.11%             | 2042-11-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| MISSION LANE CREDIT CARD MASTER TRU                                      | Mission Lane Credit Card Master Trust Series 2024-A, Class C               | CUSIP: 60510MBB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3026093.70   | 0.10%             | 2029-08-15      | Fixed         | 7.32%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                                  | Volkswagen Group America 5.65%, Due 09/12/2028                             | CUSIP: 928668BW1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2473594.78   | 0.08%             | 2028-09-12      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2012-113 Class NZ          | CUSIP: 38378HSU1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    326331 | PA      | $302796.22    | 0.01%             | 2042-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.                                         | BP Capital Markets America 4.893%, Due 09/11/2033                          | CUSIP: 10373QBV1<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507243.07    | 0.02%             | 2033-09-11      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| CFMT 2024-HB14 LLC                                                       | Cascade Funding Mortgage Trust Series 2024-HB14, Class M2                  | CUSIP: 12530XAC5<br>LEI: 9845005986F840FBE847 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1916954.60   | 0.07%             | 2034-06-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                    | Bank Of America Corporation 2.884%, Due 10/22/2030                         | CUSIP: 06051GHX0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2182988.58   | 0.07%             | 2030-10-22      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                                                | Realty Income Corporation 2.20%, Due 06/15/2028                            | CUSIP: 756109BJ2<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    151000 | PA      | $143914.21    | 0.00%             | 2028-06-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Company LLC                                      | Oncor Electric Delivery 4.95%, Due 09/15/2052                              | CUSIP: 68233JCM4<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    500000 | PA      | $455494.45    | 0.02%             | 2052-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| AFFIRM ASSET SECURITIZATION TRUST 2                                      | Affirm Incorporated Series 22-Z1 Class B                                   | CUSIP: 00833PAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    569173 | PA      | $570879.18    | 0.02%             | 2027-06-15      | Fixed         | 6.49%                 | Yes           |                  2 | On Loan: No      |
| FREMF MTG TR 2016-K1502                                                  | FREMF Mortgage Trust Series 2019-KF67, Class B                             | CUSIP: 30298NAG2<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    172191 | PA      | $163586.58    | 0.01%             | 2029-08-25      | Variable      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Principal Only                      | CUSIP: 31398LQK7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     46278 | PA      | $39915.37     | 0.00%             | 2036-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association Series 2020-81, Class MA             | CUSIP: 3136BCKR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3477367 | PA      | $2724529.14   | 0.09%             | 2050-10-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                                    | General Motors Financial Company, Inc 1.50% Due 06/10/2026                 | CUSIP: 37045XDK9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    700000 | PA      | $686845.19    | 0.02%             | 2026-06-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                         | Phillip Morris INTL INC 5.375%, Due 02/15/2033                             | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2663003.96   | 0.09%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2019-8 Class ZD               | CUSIP: 3136B3W97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    604750 | PA      | $553322.58    | 0.02%             | 2049-03-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Finance Inc.                                        | Anheuser-Busch InBev SA/NV 4.70%, Due 02/01/2036                           | CUSIP: 035242AM8<br>LEI: 5493000EYEKDT0FBSQ91 | Long             | DBT              | CORP              | US        |   2625000 | PA      | $2591669.04   | 0.09%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Fremf 2012 Kf01 Mortgage Trust                                           | FREMF Mortgage Trust Series 2019-KF57 CLASS B                              | CUSIP: 30297VAA8<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   1054297 | PA      | $1007723.47   | 0.03%             | 2029-01-25      | Variable      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-45, Class HZ          | CUSIP: 38383W4W3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   3399134 | PA      | $3150077.43   | 0.11%             | 2053-03-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                        | U.S. Treasury Strips 0.000%, Due 05/15/2033                                | CUSIP: 9128337T1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2100000 | PA      | $1538061.65   | 0.05%             | 2033-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sofi Professional Ln Program 2019-C Tr                                   | Social Pofessional Loan Program Series 19-C Class BFX                      | CUSIP: 83401CAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1669000 | PA      | $1500120.90   | 0.05%             | 2048-11-16      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | GOV'T NATIONAL MORTGAGE ASSOC Series 18-120 Class PY                       | CUSIP: 38380YTX3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    526033 | PA      | $473954.51    | 0.02%             | 2048-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ACM AUTO TRUST 2025-2                                                    | ACM Auto Trust Series 2025-2A, Class B                                     | CUSIP: 00161TAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1182197.40   | 0.04%             | 2032-02-20      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                      | Brean Asset Backed Securities Series 2023-SRM1, Class M1                   | CUSIP: 10638RAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3248349 | PA      | $3167518.63   | 0.11%             | 2063-09-25      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2021-B                                            | Oportun Funding LLC Series 2021-B, Class C                                 | CUSIP: 68377GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1995950 | PA      | $1976201.00   | 0.07%             | 2031-05-08      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                 | Duke Energy Progress Incorporation 2.00%, Due 08/15/2031                   | CUSIP: 26442UAL8<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    600000 | PA      | $527481.23    | 0.02%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES1                                            | RCKT Trust Series 25-1A Class C                                            | CUSIP: 74939RAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4050000 | PA      | $4073816.84   | 0.14%             | 2034-07-25      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| EASY STREET MORTGAGE LOAN TRUST 2025-RTL1                                | Easy 2025-RTL1 Series 25-RTL1 Class A2                                     | CUSIP: 27786FAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3400000 | PA      | $3433432.88   | 0.12%             | 2040-05-25      | Variable      | 8.30%                 | Yes           |                  2 | On Loan: No      |
| ACM AUTO TRUST 2024-2                                                    | ACM Auto Trust Series 2024-2A, Class B                                     | CUSIP: 00461WAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $603496.44    | 0.02%             | 2031-08-20      | Fixed         | 9.21%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4768, Class ZH               | CUSIP: 3137F3K60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1285888 | PA      | $1136808.65   | 0.04%             | 2048-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool CA6940                          | CUSIP: 3140QEWA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2243251 | PA      | $2084774.79   | 0.07%             | 2050-09-01      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| MOSAIC SOLAR LOAN TRUST 2023-1                                           | Mosaic Solar Loans LLC Series 23-1A Class B                                | CUSIP: 61945VAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2110177 | PA      | $1663042.23   | 0.06%             | 2053-06-20      | Fixed         | 6.92%                 | Yes           |                  2 | On Loan: No      |
| Loanpal Solar Loan 2021-2 Ltd.                                           | Loanpal Solar Loan Ltd. Series 21-1GS Class A                              | CUSIP: 53948PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    389445 | PA      | $326134.58    | 0.01%             | 2048-01-20      | Fixed         | 2.29%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Assocation Series 2012-99, Class QS              | CUSIP: 3136A8WU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1302338 | PA      | $189254.13    | 0.01%             | 2042-09-25      | Floating      | 2.14%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-58, Class PZ          | CUSIP: 38383XTK0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   6542560 | PA      | $6486736.28   | 0.22%             | 2053-01-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4312, Class ZB               | CUSIP: 3137B7Q36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  10102718 | PA      | $9335497.70   | 0.32%             | 2043-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Affirm Asset Securitization Trust 2025-X1                                | Affirm Incorporated Series 2025-X1, Class D                                | CUSIP: 00834MAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5750000 | PA      | $5779337.08   | 0.20%             | 2030-04-15      | Fixed         | 6.11%                 | Yes           |                  2 | On Loan: No      |
| TRICOLOR AUTO SECURITIZATION TRUST                                       | Tricolor Auto Securitization Trust Series 2024-3A, Class C                 | CUSIP: 89617AAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1920000 | PA      | $1854720.00   | 0.06%             | 2028-12-15      | Fixed         | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Series 2023-167, Class CZ          | CUSIP: 38384FAJ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   8867637 | PA      | $9540907.12   | 0.32%             | 2053-11-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2021-196, Class YZ         | CUSIP: 38383DBC1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1139727 | PA      | $530386.05    | 0.02%             | 2051-11-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST 2023-3PL                                                  | ACHV ABS Trust Series 23-3PL Class D                                       | CUSIP: 000876AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2323348 | PA      | $2354197.87   | 0.08%             | 2030-08-19      | Fixed         | 8.36%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | FEDERAL NATIONAL MORTGAGE ASSOC. SERIES 4473 CLASS Z                       | CUSIP: 3137BJAZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    436127 | PA      | $361928.71    | 0.01%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                   | Truist Financial Corporation 1.887%, Due 06/07/2029                        | CUSIP: 89788MAE2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $942383.64    | 0.03%             | 2029-06-07      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| Idaho Power Company                                                      | Idaho Power Company 5.80%, Due 04/01/2054                                  | CUSIP: 45138LBJ1<br>LEI: TN0LL73P2C8X3W6KM391 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1898962.69   | 0.06%             | 2054-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: —       |
| Truist Financial Corp.                                                   | Truist Financial Corporation 5.90%, Due 10/28/2026                         | CUSIP: 89788MAJ1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250206.95    | 0.01%             | 2026-10-28      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent L P                                                | American Homes 4 Rent 4.25%, Due 02/15/2028                                | CUSIP: 02666TAA5<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99756.98     | 0.00%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| United Parcel Service, Inc.                                              | United Parcel Service Incorporated 5.25%, Due 05/14/2035                   | CUSIP: 911312CJ3<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1345172.00   | 0.05%             | 2035-05-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Public Service Company of Colorado                                       | Public Service Company of Colorado 4.50%, Due 06/01/2052                   | CUSIP: 744448CX7<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    400000 | PA      | $336684.47    | 0.01%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KeyBank National Association                                             | Keybank National Association 4.70%, Due 01/26/2026                         | CUSIP: 49327M3G7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250150.57    | 0.01%             | 2026-01-26      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                     | JPMorgan Chase & Company 4.603%, Due 10/22/2030                            | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1922214.25   | 0.07%             | 2030-10-22      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| Bank of America Corp.                                                    | Bank of America Corporation 5.468%, Due 01/23/2035                         | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    250000 | PA      | $261057.77    | 0.01%             | 2035-01-23      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corp Series 5057 Class DN                       | CUSIP: 3137F7J30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    822314 | PA      | $669571.93    | 0.02%             | 2050-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5232, Class HL               | CUSIP: 3137H7YF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   4120792 | PA      | $3577202.67   | 0.12%             | 2052-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corp Pool RE-6093                               | CUSIP: 3133N3XW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1174137 | PA      | $880130.22    | 0.03%             | 2051-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2015-82 Class AI              | CUSIP: 3136AQHT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    285062 | PA      | $13110.45     | 0.00%             | 2034-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Home Partners Of America Trust 2019-1                                    | Home Partners of America Trust Series 2019-1, Class B                      | CUSIP: 43731QAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    457309 | PA      | $445442.64    | 0.02%             | 2039-09-17      | Fixed         | 3.16%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-172, Class MZ         | CUSIP: 38383YU59<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2187423 | PA      | $2196173.33   | 0.07%             | 2052-10-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                      | State Street Navigator Securities Lending Portfolio I                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  42922155 | NS      | $42922155.00  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Assoication Series 4847, Class CV               | CUSIP: 3137FKAD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    241836 | PA      | $239497.39    | 0.01%             | 2030-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Johnson Controls International PLC / Tyco Fire & Security Finance S.C.A. | Johnson Controls International 5.50%, Due 04/19/2029                       | CUSIP: 477921AA8<br>LEI: 549300XQ6S1GYKGBL205 | Long             | DBT              | CORP              | US        |    450000 | PA      | $468492.68    | 0.02%             | 2029-04-19      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2005-52, Class JH             | CUSIP: 31394DXZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    152046 | PA      | $7262.39      | 0.00%             | 2035-05-25      | Floating      | 2.14%                 | No            |                  2 | On Loan: No      |
| Pricoa Global Funding I                                                  | Pricoa Globla Funding I 5.10%, Due 05/30/2028                              | CUSIP: 74153WCS6<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512520.48    | 0.02%             | 2028-05-30      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: —       |
| Pricoa Global Funding I                                                  | Pricoa Global Funding I 5.55%, Due 08/28/2026                              | CUSIP: 74153WCT4<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    700000 | PA      | $709723.17    | 0.02%             | 2026-08-28      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Ryder System, Inc.                                                       | Ryder System, Inc. 5.50%, Due 06/01/2029                                   | CUSIP: 78355HLB3<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    500000 | PA      | $521418.78    | 0.02%             | 2029-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REDWOOD FUNDING TRUST 2025-2                                             | Redwood Funding Trust Series 2025-2, Class A                               | CUSIP: 75806EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1717066 | PA      | $1724876.99   | 0.06%             | 2055-05-27      | Fixed         | 7.11%                 | Yes           |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                      | Brean Asset Backed Securities Series 2025-RM10, Class A2                   | CUSIP: 10638FAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6800000 | PA      | $6610188.20   | 0.22%             | 2065-01-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Jackson National Life Global Funding                                     | Jackson National Life Global Funding 5.5% Due 01/09/2026                   | CUSIP: 46849LUX7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    800000 | PA      | $801917.22    | 0.03%             | 2026-01-09      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Bank of Montreal                                                         | Bank Of Montreal France .949%, Due 01/22/2027                              | CUSIP: 06368EDC3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | US        |    630000 | PA      | $623080.01    | 0.02%             | 2027-01-22      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association SERIES 2012-52 CLASS PQ              | CUSIP: 3136A6AS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    683221 | PA      | $612403.19    | 0.02%             | 2042-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Tennessee Valley Authority                                               | Tennessee Valley Authority 4.625%, Due 09/15/2060                          | CUSIP: 880591EJ7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    525000 | PA      | $470926.46    | 0.02%             | 2060-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                       | Huntington Bancshares, Inc. 6.208%, Due 08/21/2029                         | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    750000 | PA      | $789328.16    | 0.03%             | 2029-08-21      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5019, Class PL               | CUSIP: 3137FXJT6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2083197 | PA      | $1601092.25   | 0.05%             | 2050-10-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-152, Class MY         | CUSIP: 38384DC88<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1592333 | PA      | $1654463.60   | 0.06%             | 2053-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                  | UnitedHealth Group, Inc. 4.25%, due 06/15/2048                             | CUSIP: 91324PDL3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $413344.81    | 0.01%             | 2048-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                  | Federal Home Loan Mortgage Corp Series 5159 Class PL                       | CUSIP: 3137H3UE0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   1256071 | PA      | $1044555.90   | 0.04%             | 2051-11-25      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FREED ABS TRUST 2022-3FP                                                 | Freedom Financial Series 2022-3FP, Class D                                 | CUSIP: 35634EAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2002133 | PA      | $2014613.43   | 0.07%             | 2029-08-20      | Fixed         | 7.36%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2018-37, Class CL             | CUSIP: 3136B15C4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    622735 | PA      | $510460.92    | 0.02%             | 2048-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                                   | Extra Space Storage LP 5.70%, Due 04/01/2028                               | CUSIP: 30225VAJ6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103281.27    | 0.00%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Public Service Electric &  Gas Co.                                       | Public Service Electric and Gas Company 4.90%, Due 08/15/2035              | CUSIP: 74456QCW4<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   2460000 | PA      | $2479086.62   | 0.08%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                      | Brean Asset Backed Securites Series 22-RM4 Class M1                        | CUSIP: 10638JAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1101086 | PA      | $948626.02    | 0.03%             | 2062-07-25      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                         | Burlington North Santa Fe 5.05%, Due 03/01/2041                            | CUSIP: 12189LAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $491882.55    | 0.02%             | 2041-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2019-89, Class JY          | CUSIP: 38382QXY1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1524647 | PA      | $887987.04    | 0.03%             | 2051-03-20      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BOSTON LENDING TRUST 2022                                                | Boston Lending Trust Series 22-1 Class M2                                  | CUSIP: 10084LAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    552643 | PA      | $510129.32    | 0.02%             | 2062-02-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                                                     | Royal Bank of Canada 4.65%, Due 10/18/2030                                 | CUSIP: 78017FZT3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3186135.35   | 0.11%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-160, Class QL         | CUSIP: 38383YSJ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   5500000 | PA      | $5196495.70   | 0.18%             | 2052-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                  | Federal Home Loan Mortgage Corporation Series 5099, Class CM               | CUSIP: 3137FY6S0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   3750000 | PA      | $2544099.38   | 0.09%             | 2047-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MARINER FIN ISSUANCE TR 2024-A                                           | Mariner Finance Issuance Trust Series 2024-AA, Class D                     | CUSIP: 567928AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3250000 | PA      | $3335383.68   | 0.11%             | 2036-09-22      | Fixed         | 6.77%                 | Yes           |                  2 | On Loan: No      |
| American Tower Corporation                                               | American Tower Corporation 5.80%, Due 11/15/2028                           | CUSIP: 03027XCE8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    250000 | PA      | $261056.54    | 0.01%             | 2028-11-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: —       |
| JPMorgan Chase & Co.                                                     | JP Morgan Chase and Company 2.069%, Due 06/01/2029                         | CUSIP: 46647PCJ3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1186099.78   | 0.04%             | 2029-06-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool MA3050                          | CUSIP: 31418CL85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    282842 | PA      | $285490.71    | 0.01%             | 2037-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RFS ASSET SECURITIZATION II LLC                                          | RFS Asset Securitization II LLC Series 2024-1, Class C                     | CUSIP: 74969DAN5<br>LEI: 335800KGU1WWBLMPTP11 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2044881.40   | 0.07%             | 2031-07-15      | Fixed         | 8.35%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                             | U.S. Treasury Notes 0.625%, Due 08/15/2030                                 | CUSIP: 91282CAE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  71000000 | PA      | $61212539.24  | 2.08%             | 2030-08-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 3895 Class BF                | CUSIP: 3137ACUF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     44317 | PA      | $44016.51     | 0.00%             | 2041-07-15      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool MA7929M                      | CUSIP: 36179WY28<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6183848 | PA      | $5548949.29   | 0.19%             | 2052-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2020-22, Class CA             | CUSIP: 3136B9HE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1277572 | PA      | $1165757.48   | 0.04%             | 2049-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                           | Citigroup Inc 2.572% DUE 06/03/2031                                        | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4175000 | PA      | $3841369.99   | 0.13%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Areit 2022-Cre7 LLC                                                      | AREIT CRE Trust Series 2022-CRE7, Class C                                  | CUSIP: 00217VAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    900000 | PA      | $900588.60    | 0.03%             | 2039-06-17      | Floating      | 7.99%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2014-H14 Class FA          | CUSIP: 38375UMN7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     97983 | PA      | $98001.03     | 0.00%             | 2064-07-20      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Public Storage                                                           | Public Storage 1.85%, Due 05/01/2028                                       | CUSIP: 74460WAD9<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | DBT              | CORP              | US        |    800000 | PA      | $758630.54    | 0.03%             | 2028-05-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: —       |
| ACRE Commercial Mortgage 2021-FL4 Ltd.                                   | Acre Mortgage Trust Series 2021-FL4, Class E                               | CUSIP: 00489TAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    675000 | PA      | $658222.20    | 0.02%             | 2037-12-18      | Floating      | 7.85%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2007-95 Class A3              | CUSIP: 31396XWV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1600000 | PA      | $1526574.24   | 0.05%             | 2036-08-27      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| LENDING FUNDING TRUST                                                    | Lendmark Funding Trust Series 2020-2A, Class C                             | CUSIP: 51507KAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $540267.53    | 0.02%             | 2031-04-21      | Fixed         | 4.69%                 | Yes           |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                   | Foundry JV Holdco, LLC 6.15%, Due 01/25/2032                               | CUSIP: 350930AC7<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $534417.17    | 0.02%             | 2032-01-25      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-197, Class JB         | CUSIP: 38383LFJ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1500715 | PA      | $1543396.99   | 0.05%             | 2052-11-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4623, Class BZ               | CUSIP: 3137BSJ20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3286424 | PA      | $3078169.69   | 0.10%             | 2046-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4210 Class Z                 | CUSIP: 3137B1W73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1648422 | PA      | $1383129.38   | 0.05%             | 2043-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                            | US Bancorp 2.677%, Due 01/27/2033                                          | CUSIP: 91159HJD3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2460341.68   | 0.08%             | 2033-01-27      | Fixed         | 2.68%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool AL5166                          | CUSIP: 3138EMW49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1085647 | PA      | $1041179.60   | 0.04%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co.                                                         | DTE Electric Company 5.2%, Due 04/01/2033                                  | CUSIP: 23338VAS5<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    450000 | PA      | $467346.03    | 0.02%             | 2033-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| OPORTUN ISSUANCE TRUST 2021-B                                            | Oportun Funding LLC Series 2021-B                                          | CUSIP: 68377GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    876178 | PA      | $858498.92    | 0.03%             | 2031-05-08      | Fixed         | 1.47%                 | Yes           |                  2 | On Loan: No      |
| Hero Funding 2018-1                                                      | Hero Funding Trust Series 2017-3A Class A1                                 | CUSIP: 42771AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75560 | PA      | $69308.36     | 0.00%             | 2048-09-20      | Fixed         | 3.19%                 | Yes           |                  2 | On Loan: No      |
| Comcast Corporation                                                      | Comcast Corporation 3.969%, Due 11/01/2047                                 | CUSIP: 20030NCC3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    144000 | PA      | $112526.36    | 0.00%             | 2047-11-01      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association PoOl MA4294                          | CUSIP: 31418DXY3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2719150 | PA      | $2038292.38   | 0.07%             | 2051-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                              | Verizon Wireless 2.55%, Due 03/21/2031                                     | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1272893.96   | 0.04%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| DROP MTGE TST                                                            | Drop Mortgage Trust Series 2021-FILE, Class B                              | CUSIP: 26210YAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13300000 | PA      | $12622531.25  | 0.43%             | 2043-10-15      | Floating      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| Oncor Electric Delivery Company LLC                                      | Oncor Electric Delivery Co. LLC 7.0%, Due 05/01/2032                       | CUSIP: 68233DAT4<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $3124993.58   | 0.11%             | 2032-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Bxmt Ltd                                                                 | BXMT Ltd. Series 2021-FL4, Class D                                         | CUSIP: 05609GAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2250000 | PA      | $2157759.00   | 0.07%             | 2038-05-15      | Floating      | 6.73%                 | Yes           |                  2 | On Loan: No      |
| Boston Properties LP                                                     | Boston Properties, L.P. 2.75%, Due 10/01/2026                              | CUSIP: 10112RAY0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49203.34     | 0.00%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST 2024-1                          | Research-Drive Pagaya Motor Asset Trust I Series 2024-1A, Class B          | CUSIP: 76088YAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5348702 | PA      | $5408211.41   | 0.18%             | 2032-06-25      | Fixed         | 7.96%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-190, Class DZ         | CUSIP: 38383LAG5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2300101 | PA      | $2340670.76   | 0.08%             | 2052-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE TRUST 2025-NPL2                        | Saluda Grade Alternative Mortgage Trust Series 2025-NPL2, Class A1         | CUSIP: 79589BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4808372 | PA      | $4843059.47   | 0.16%             | 2030-05-25      | Variable      | 7.77%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                                           | Citigroup Inc. 2.561%, Due 05/01/2032                                      | CUSIP: 172967MY4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1397013.31   | 0.05%             | 2032-05-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool # AS7287                        | CUSIP: 3138WHCZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    157285 | PA      | $155540.37    | 0.01%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                                           | DTE Energy Company 2.95%, Due 03/01/2030                                   | CUSIP: 233331BF3<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117516.25    | 0.00%             | 2030-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                 | UnitedHealth Group, Inc. 4.45%, due 12/15/2048                             | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    650000 | PA      | $644366.53    | 0.02%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                      | Redwood Funding Trust Series 2025-RR1, Class A1                            | CUSIP: 749433AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5846976 | PA      | $5860435.99   | 0.20%             | 2028-06-27      | Fixed         | 6.77%                 | Yes           |                  2 | On Loan: No      |
| LHOME MTG TR 2024-RTL1                                                   | LHOME Mortgage Trust Series 2024-RTL1, Class A2                            | CUSIP: 50205DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2530449.50   | 0.09%             | 2029-01-25      | Fixed         | 9.16%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 12-92 Class Z                 | CUSIP: 3136A7K50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   5067484 | PA      | $4621183.54   | 0.16%             | 2042-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4136, Class LZ               | CUSIP: 3137AWJZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   4091305 | PA      | $3764780.83   | 0.13%             | 2042-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FARM 2023-1 MORTGAGE TRUST                                               | Farm Mortgage Trust Series 2023-1, Class A                                 | CUSIP: 30767YAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9220752 | PA      | $7688391.72   | 0.26%             | 2052-01-25      | Variable      | 2.63%                 | Yes           |                  2 | On Loan: No      |
| ROC MORTGAGE TRUST 2025-RTL1                                             | ROC Securities Trust Series 2025-RTL1, Class A2                            | CUSIP: 77119RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8071649.60   | 0.27%             | 2040-02-25      | Variable      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| FARM 2025-1 MORTGAGE TRUST                                               | Farmer Mac Agricultural Real Estate Series 2025-1, Class A                 | CUSIP: 30768CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6325399 | PA      | $6197815.42   | 0.21%             | 2055-08-01      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| CMS Energy Corporation                                                   | CMS Energy Corporation 2.95%, Due 02/15/2027                               | CUSIP: 125896BR0<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98133.99     | 0.00%             | 2027-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government Naitonal Mortgage Association Series 2011-21 , Class SA         | CUSIP: 38377TVT5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1134478 | PA      | $115383.44    | 0.00%             | 2041-02-16      | Floating      | 1.74%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                    | Bank of America Corporation 2.687%, Due 04/22/2032                         | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7125000 | PA      | $6490733.57   | 0.22%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2018-08 Class DZ              | CUSIP: 3136B0VY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    499349 | PA      | $457254.61    | 0.02%             | 2048-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                | Goldman Sachs Group Inc 1.948%, Due 10/21/2027                             | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $976464.26    | 0.03%             | 2027-10-21      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                                                   | Southwest Airlines Company 2.625%, Due 02/10/2030                          | CUSIP: 844741BF4<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1198559.10   | 0.04%             | 2030-02-10      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4941, Class NW               | CUSIP: 3137FQU43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    758520 | PA      | $477876.85    | 0.02%             | 2049-05-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                   | Truist Financial Corporation 5.711%, Due 01/24/2035                        | CUSIP: 89788MAS1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    500000 | PA      | $524685.51    | 0.02%             | 2035-01-24      | Fixed         | 5.71%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool BS3542                          | CUSIP: 3140LD5C9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2850000 | PA      | $2011011.10   | 0.07%             | 2041-10-01      | Fixed         | 2.42%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2003-W10 Class 3A-5           | CUSIP: 31393DUU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2261403 | PA      | $2131330.05   | 0.07%             | 2043-06-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Association Series 4265 Class FD                | CUSIP: 3137B5QZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    151926 | PA      | $150858.28    | 0.01%             | 2035-01-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                                       | Met Life Global Funding I 4.30%, Due 08/25/2029                            | CUSIP: 59217GFD6<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003509.28   | 0.03%             | 2029-08-25      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                                  | Mercedes-Benz Financing NA 5.0%, Due 01/11/2034                            | CUSIP: 58769JAS6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2023392.04   | 0.07%             | 2034-01-11      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: —       |
| CSX Corporation                                                          | CSX Corporation 4.25%, Due 11/01/2066                                      | CUSIP: 126408HG1<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    100000 | PA      | $78750.43     | 0.00%             | 2066-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FIDELIS MTG TR 2025-RTL1                                                 | Fidelis Mortgage Trust Series 25-RTL1 Class A2                             | CUSIP: 31575LAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2200000 | PA      | $2230594.30   | 0.08%             | 2040-02-27      | Variable      | 6.22%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2012-148 Class IA             | CUSIP: 3136ABNP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     27274 | PA      | $414.74       | 0.00%             | 2028-01-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                        | U.S. Treasury STRIPS 0.000%, Due 08/15/2041                                | CUSIP: 912834KP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $7023470.70   | 0.24%             | 2041-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SUNNOVA HELIOS III ISSUER LLC                                            | Helios Issuer, LLC Series 2019-AA Class A                                  | CUSIP: 86745LAA0<br>LEI: 549300JK1Y1VVC3JU540 | Long             | ABS-O            | CORP              | US        |   6981809 | PA      | $6479607.57   | 0.22%             | 2046-06-20      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| State Street Institutional Investment Trust                              | State Street Institutional US Government Money Market Fund, Premier Class  | CUSIP: 857492706<br>LEI: 549300P1E098W6ES7M39 | Long             | STIV             | RF                | US        | 105217291 | NS      | $105217290.56 | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Structured Asset Securities Corp.                                        | Structured Asset Securities Corporation Series 2003-37A Class 2A           | CUSIP: 86359BBS9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3705 | PA      | $3646.17      | 0.00%             | 2033-12-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2009-19 Class TD              | CUSIP: 31397NUG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     50431 | PA      | $51200.90     | 0.00%             | 2036-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASCENT CAREER FUNDING TRUST 2024-1                                       | Ascent Career Funding Trust Series 2024-1A, Class B                        | CUSIP: 04363LAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2058198.00   | 0.07%             | 2032-10-25      | Fixed         | 9.73%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2013-35 Class LP              | CUSIP: 3136ADTT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    482760 | PA      | $468455.03    | 0.02%             | 2043-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips Co.                                                       | ConocoPhillips Company 5.55%, Due 03/15/2054                               | CUSIP: 20826FBG0<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    450000 | PA      | $443271.55    | 0.02%             | 2054-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: —       |
| Toyota Motor Credit Corp.                                                | Toyota Motor Credit Corp 4.65%, Due 09/03/2032                             | CUSIP: 89236TNT8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    440000 | PA      | $442997.33    | 0.02%             | 2032-09-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CHERRY SECURITIZATION TRUST 2025-1                                       | Cherry Securitization Trust Series 2025-1A, Class A                        | CUSIP: 16473RAA2<br>LEI: 213800F9SQ753JQHSW24 | Long             | ABS-O            | CORP              | US        |  12400000 | PA      | $12601367.32  | 0.43%             | 2032-11-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| COLEM 2022-HLNE MORTGAGE TRUST                                           | Colem 2021-HLNE Mortgage Trust Series 22-HLNE Class B                      | CUSIP: 12659JAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2661318.30   | 0.09%             | 2042-04-12      | Variable      | 2.46%                 | Yes           |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                      | Fifth Third Bancorp 6.339%, Due 07/27/2029                                 | CUSIP: 316773DK3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    750000 | PA      | $790248.68    | 0.03%             | 2029-07-27      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2024-SFR2 TRUS                                      | Progress Residential Trust Series 2024-SFR2, Class E1                      | CUSIP: 74290XAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1853566.60   | 0.06%             | 2041-04-17      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Corporation                                             | FMC GMSR Issue Trust Series 2021-GT1, Class A                              | CUSIP: 30259RAH8<br>LEI: 549300LYRWPSYPK6S325 | Long             | ABS-O            | CORP              | US        |   3300000 | PA      | $3168284.46   | 0.11%             | 2026-07-25      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Renew 2017-2                                                             | Renew Financial, LLC Series 2017-2A Class A                                | CUSIP: 75973KAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     23677 | PA      | $21641.15     | 0.00%             | 2053-09-22      | Fixed         | 3.22%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                     | JPMorgan Chase & Company 5.294%, Due 07/22/2035                            | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    950000 | PA      | $981231.31    | 0.03%             | 2035-07-22      | Fixed         | 5.29%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool MA9367                       | CUSIP: 36179YMQ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3846793 | PA      | $4023924.34   | 0.14%             | 2053-12-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association Series 2021-15 Class HD              | CUSIP: 3136BFWW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    800138 | PA      | $597216.64    | 0.02%             | 2051-04-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5017, Class CB               | CUSIP: 3137FVRT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1084906 | PA      | $827887.51    | 0.03%             | 2050-09-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2020-15, Class EH          | CUSIP: 38382CRE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1526803 | PA      | $1289708.70   | 0.04%             | 2050-02-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                        | Bank of New York Mellon Corporation 6.317%, Due 10/25/2029                 | CUSIP: 06406RBT3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2287968.23   | 0.08%             | 2029-10-25      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| Sps Servicer Advance Receivables Trust                                   | SPS Servicer Advance Receivables Series 2020-T2, Class B                   | CUSIP: 78472JAF0<br>LEI: 549300W6RZ3B25O0SH56 | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1097192.14   | 0.04%             | 2055-11-15      | Fixed         | 2.13%                 | Yes           |                  2 | On Loan: No      |
| Waste Management, Inc.                                                   | Waste Management Incorporated 3.875%, Due 01/15/2029                       | CUSIP: 94106LCA5<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1366334.43   | 0.05%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2010-44 Class CS              | CUSIP: 31398PWQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     33673 | PA      | $3407.29      | 0.00%             | 2040-05-25      | Floating      | 2.08%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                                              | Walmart Incorporated 4.50%, Due 04/15/2053                                 | CUSIP: 931142FE8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    450000 | PA      | $403052.44    | 0.01%             | 2053-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                      | Brean Asset Backed Securities Series 23-RM6 Class M2                       | CUSIP: 10638AAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3094873 | PA      | $2944957.28   | 0.10%             | 2063-01-25      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-128, Class LZ         | CUSIP: 38384CMZ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   7179815 | PA      | $7465025.75   | 0.25%             | 2053-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2021-25, Class JB             | CUSIP: 3136BHED7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1355832 | PA      | $1044983.94   | 0.04%             | 2051-05-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc                                                          | Caterpillar Incorporated 5.20%, Due 05/15/2035                             | CUSIP: 149123CL3<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1707104.98   | 0.06%             | 2035-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 13-115, Class PB              | CUSIP: 3136AG5V0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    300000 | PA      | $278862.27    | 0.01%             | 2043-11-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HIN TIMESHARE TRUST 2020-A                                               | Holiday Inn Timeshare Trust Series 20-A Class C                            | CUSIP: 40439HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    128964 | PA      | $126355.36    | 0.00%             | 2039-10-09      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 2021-MN1                     | CUSIP: 35563FAA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |    684696 | PA      | $682820.26    | 0.02%             | 2051-01-25      | Floating      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| U S Bank National Assn Minneapolis Minnesota                             | US Bank National Association Series 2023-1, Class B                        | CUSIP: 90357PAV6<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |    336493 | PA      | $340408.19    | 0.01%             | 2032-08-25      | Fixed         | 6.79%                 | Yes           |                  2 | On Loan: No      |
| Realty Income Corporation                                                | Realty Income Corporation 3.00%, Due 01/15/2027                            | CUSIP: 756109AS3<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98591.24     | 0.00%             | 2027-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2019-40, Class PL             | CUSIP: 3136B4E38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    318000 | PA      | $253883.50    | 0.01%             | 2049-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                            | US Bankcorp 2.215%, Due 01/27/2028                                         | CUSIP: 91159HJC5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    800000 | PA      | $779381.51    | 0.03%             | 2028-01-27      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| LHOME MTG TR 2024-RTL3                                                   | LHOME Mortgage Trust Series 2024-RTL3, Class A2                            | CUSIP: 50205GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4045281.20   | 0.14%             | 2029-05-25      | Fixed         | 8.37%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2012-74 Class LY           | CUSIP: 38375CZ45<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    932000 | PA      | $696349.67    | 0.02%             | 2042-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                           | Citigroup Incorporated 3.057%, Due 01/25/2033                              | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2048356.15   | 0.07%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Farm Mortgage Trust 2024-2                                               | Farmer Mac Agricultural Real Estate Series 22-1 Class A                    | CUSIP: 30328CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17912326 | PA      | $14637128.53  | 0.50%             | 2051-07-25      | Variable      | 2.54%                 | Yes           |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                  | UnitedHealth Group, Inc. 5.20%, Due 02/15/2033                             | CUSIP: 91324PEX6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $457817.47    | 0.02%             | 2063-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DEXT ABS                                                                 | Dext ABS Series 2023-2, Class D                                            | CUSIP: 25216CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1597499.85   | 0.05%             | 2034-05-15      | Fixed         | 8.30%                 | Yes           |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                     | Keurig Dr. Pepper Incorporated 5.10%, Due 03/15/2027                       | CUSIP: 49271VAW0<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    800000 | PA      | $807896.19    | 0.03%             | 2027-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                 | HCA, Inc. 3.375%, Due 03/15/2029                                           | CUSIP: 404119CJ6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1842554.37   | 0.06%             | 2029-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                                       | Atmos Energy Corporation 2.625%, Due 09/15/2029                            | CUSIP: 049560AR6<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    310000 | PA      | $293057.24    | 0.01%             | 2029-09-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                 | Government National Mortgage Association SERIES 2016-118 CLASS LB          | CUSIP: 38380AUC9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    500000 | PA      | $439417.50    | 0.01%             | 2046-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                 | AT&T, Inc. 2.300%, Due 06/01/2027                                          | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    650000 | PA      | $630793.58    | 0.02%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2019-83, Class EB             | CUSIP: 3136B8BY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    171000 | PA      | $93667.27     | 0.00%             | 2050-01-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                        | U. S. Treasury Strips 0.000%, Due 08/15/2043                               | CUSIP: 912834DU9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40000000 | PA      | $21931697.20  | 0.75%             | 2038-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sps Servicer Advance Receivables Trust                                   | SPS Servicer Advance Receivables Series 2020-T2, Class D                   | CUSIP: 78472JAH6<br>LEI: 549300W6RZ3B25O0SH56 | Long             | ABS-O            | CORP              | US        |    994000 | PA      | $991085.99    | 0.03%             | 2055-11-15      | Fixed         | 3.16%                 | Yes           |                  2 | On Loan: No      |
| UPGRADE MSTR PASS THR 2025-ST5                                           | Upgrade Master Pass-Thru Trust Series 2025-ST5, Class C                    | CUSIP: 91535BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10450000 | PA      | $10527721.88  | 0.36%             | 2032-09-15      | None          | 5.92%                 | Yes           |                  2 | On Loan: No      |
| RMF PROPRIETORY ISSUANCE TRUST                                           | RMF Proprietary Issuance Trust Series 2021-2, Class A                      | CUSIP: 74969VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4086881 | PA      | $3802184.56   | 0.13%             | 2061-09-25      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2020-93, Class CP          | CUSIP: 38382FF82<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2625104 | PA      | $2255207.19   | 0.08%             | 2050-04-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc                               | Fidelity National Information Services 1.65%, Due 03/01/2028               | CUSIP: 31620MBS4<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    300000 | PA      | $282733.79    | 0.01%             | 2028-03-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Sereis 398 Class C5                  | CUSIP: 3136FGRD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    448136 | PA      | $78287.54     | 0.00%             | 2039-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Power Company                                                      | Idaho Power Company 5.50%, Due 03/15/2053                                  | CUSIP: 45138LBH5<br>LEI: TN0LL73P2C8X3W6KM391 | Long             | DBT              | CORP              | US        |    900000 | PA      | $890976.96    | 0.03%             | 2053-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Home Partners Of America Trust 2019-2                                    | Home Partners of America Trust Series 2019-2 Class B                       | CUSIP: 43732TAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4121329 | PA      | $4006655.37   | 0.14%             | 2039-10-19      | Fixed         | 2.92%                 | Yes           |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                              | Hertz Vehicle Financing LLC Series 2024-2A, Class C                        | CUSIP: 42806MCN7<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5152393.50   | 0.18%             | 2031-01-27      | Fixed         | 7.65%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST 2025-VLT6                                                       | BX Trust Series 2025-VLT6, Class D                                         | CUSIP: 12433KAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5750000 | PA      | $5742812.50   | 0.20%             | 2030-03-15      | Floating      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-45, Class EZ          | CUSIP: 38383W4R4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2109402 | PA      | $2205754.44   | 0.08%             | 2053-03-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Pool FG U59010                      | CUSIP: 3132FTAL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    180525 | PA      | $179017.50    | 0.01%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CubeSmart LP                                                             | CubeSmart, L.P. 2.25%, Due 12/15/2028                                      | CUSIP: 22966RAH9<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $3955030.80   | 0.13%             | 2028-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                      | Brean Asset Backed Securities Series 2023-SRM1, Class M3                   | CUSIP: 10638RAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3085932 | PA      | $2771908.61   | 0.09%             | 2063-09-25      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ACHV ABS TRUST 2024-3AL                                                  | ACHV ABS Trust Series 2024-3AL, Class D                                    | CUSIP: 00092KAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3160441 | PA      | $3206348.05   | 0.11%             | 2031-12-26      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GINNIE MAE (H) 23-85                                                     | Government National Mortgage Association Series 2023-96, Class CB          | CUSIP: 38384B2G5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1843572 | PA      | $1943494.65   | 0.07%             | 2053-07-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2012-79 Class QB              | CUSIP: 3136A7LK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     82665 | PA      | $75859.41     | 0.00%             | 2042-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Bxmt Ltd                                                                 | BXMT Ltd. Series 2020-FL3, Class A                                         | CUSIP: 05608XAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2972213 | PA      | $2973051.40   | 0.10%             | 2037-11-15      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Series 2020-093, Class AZ          | CUSIP: 38382FF33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    909363 | PA      | $645141.69    | 0.02%             | 2050-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citizens Bank National Association                                       | Citizens Bank 4.575%, Due 08/09/2028                                       | CUSIP: 75524KPG3<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1357876.05   | 0.05%             | 2028-08-09      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans 2017-1 LLC                                            | Mosaic solar Loans LLC Series 2017-2A Class B                              | CUSIP: 61946GAB9<br>LEI: 549300ZLA8SW2SVJMN33 | Long             | ABS-O            | CORP              | US        |     26378 | PA      | $23762.62     | 0.00%             | 2043-06-22      | Fixed         | 4.77%                 | Yes           |                  2 | On Loan: No      |
| Jackson National Life Global Funding                                     | Jackson National Life Global 4.55%, Due 09/09/2030                         | CUSIP: 46849LVH1<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    860000 | PA      | $860873.36    | 0.03%             | 2030-09-09      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Progress Energy Inc.                                                     | Progress Energy, Inc. 7.75%, Due 03/01/2031                                | CUSIP: 743263AE5<br>LEI: 549300FBMTW0JYWMNB26 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1152578.85   | 0.04%             | 2031-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TRICON AMERICN HM TR 2020-SFR1                                           | Tricon American Homes Series 2020-SFR1, Class A                            | CUSIP: 89613GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1270031 | PA      | $1242739.29   | 0.04%             | 2038-07-17      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association Series 2017-16, Class UW             | CUSIP: 3136AVZC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2044494 | PA      | $1861060.16   | 0.06%             | 2045-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Telekom International Finance B.V.                              | Deutsche Telekom International Finance 4.75%, Due 06/21/2038               | CUSIP: 25156PBC6<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96423.55     | 0.00%             | 2038-06-21      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: —       |
| NEWTEK SML BUS LN TR 2022-1                                              | Newtek Small Business Loan Trust Series 2022-1, Class B                    | CUSIP: 65254BAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    723606 | PA      | $714870.81    | 0.02%             | 2049-10-25      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Private Bank National Association                         | Morgan Stanley Private Bank 4.466%, Due 07/06/2028                         | CUSIP: 61776NVE0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2011215.02   | 0.07%             | 2028-07-06      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| PPL Electric Utilities Corporation                                       | PPL Electric Utilities 5.00%, Due 05/15/2033                               | CUSIP: 69351UBA0<br>LEI: 549300GCZLSGYEYPIR35 | Long             | DBT              | CORP              | US        |    900000 | PA      | $926226.18    | 0.03%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fremf 2012 Kf01 Mortgage Trust                                           | Freedom Mortgage Trust Series 2018-KF48, Class B                           | CUSIP: 30308EAG0<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   1438424 | PA      | $1366471.82   | 0.05%             | 2028-06-25      | Variable      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| REACH ABS TRUST 2025-1                                                   | Reach Financial LLC Series 2025-1A, Class B                                | CUSIP: 75525PAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4566919.05   | 0.16%             | 2032-08-16      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Assoication Series 209-31, Class CI              | CUSIP: 3136B5MM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    431546 | PA      | $21071.63     | 0.00%             | 2047-02-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                   | Federal Home Loan Mortgage Association Series 4531 Class PZ                | CUSIP: 3137BLY44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1206783 | PA      | $1124339.20   | 0.04%             | 2045-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-125, Class JW         | CUSIP: 38383TWR0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2000000 | PA      | $1883015.40   | 0.06%             | 2052-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                    | Bank of America Corporation 3.194%, Due 07/23/2030                         | CUSIP: 06051GHV4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3130391.58   | 0.11%             | 2030-07-23      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2023-1                                                   | Reach Financial LLC Series 2024-1A, Class B                                | CUSIP: 75526PAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3028782.00   | 0.10%             | 2031-02-18      | Fixed         | 6.29%                 | Yes           |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST                                            | Life Financial Services Trust Series 2021-BMR, Class D                     | CUSIP: 53218CAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4550000 | PA      | $4521562.50   | 0.15%             | 2038-03-15      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2021-86, Class MB          | CUSIP: 38382QPY0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    707571 | PA      | $548175.83    | 0.02%             | 2051-05-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                       | Northwestern Mutual Global Funding 4.35%, Due 09/15/2027                   | CUSIP: 66815L2K4<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403237.61    | 0.01%             | 2027-09-15      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: —       |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-206, Class GZ         | CUSIP: 38383HKG3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1185804 | PA      | $1053695.22   | 0.04%             | 2051-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                   | Federal Home Loan Mortgage Corporation Series 4738, Class LZ               | CUSIP: 3137FC4R2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3732587 | PA      | $3250866.27   | 0.11%             | 2047-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2016-30 Class IN              | CUSIP: 3136ARX94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    397272 | PA      | $10775.52     | 0.00%             | 2043-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                                            | Intercontinental Exchange Incorporated 5.25%, Due 06/15/2031               | CUSIP: 45866FBA1<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    400000 | PA      | $419322.40    | 0.01%             | 2031-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Phillips 66 Co.                                                          | Phillips 66 Company 4.95%, Due 03/15/2035                                  | CUSIP: 718547AY8<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1286773.62   | 0.04%             | 2035-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2012-56 Class WC              | CUSIP: 3136A6WE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1251000 | PA      | $1134424.56   | 0.04%             | 2042-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust 2022-1                      | Arivo Acceptance Auto Loan Series 25-1A Class B                            | CUSIP: 039962AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5640000 | PA      | $5655141.14   | 0.19%             | 2031-11-15      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Corporation                                             | FMC GMSR Issue Trust Series 2020-GT1, Class A                              | CUSIP: 30259RAE5<br>LEI: 549300LYRWPSYPK6S325 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1981336.20   | 0.07%             | 2026-01-25      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| KAPITUS ASSET SECURITIZATION IV LLC                                      | Kapitus Asset Securitization LLC Series 2024-1A, Class 1A                  | CUSIP: 48555MAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4721212.98   | 0.16%             | 2031-09-10      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4074 Class JY                | CUSIP: 3137ASKV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    699000 | PA      | $630531.06    | 0.02%             | 2042-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                                                  | Mastercard Incorporated 2.00%, Due 11/18/2031                              | CUSIP: 57636QAU8<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2030408.03   | 0.07%             | 2031-11-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool BL9861                          | CUSIP: 3140J25X0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2085000 | PA      | $1833717.76   | 0.06%             | 2030-12-01      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2024-SFR2 TRUS                                      | Progress Residential Trust Series 2024-SFR2, Class E2                      | CUSIP: 74290XAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1388952.45   | 0.05%             | 2041-04-17      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2021-205, Class ZL         | CUSIP: 38383C3L2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   4747556 | PA      | $2167267.49   | 0.07%             | 2051-11-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corp Series 4745 Class CZ                       | CUSIP: 3137FDBN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1311085 | PA      | $1196633.29   | 0.04%             | 2048-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association Pool FH 8C0205                       | CUSIP: 3142BAGN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3339016 | PA      | $3120153.20   | 0.11%             | 2052-02-01      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool 784991                       | CUSIP: 3622AANG5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3254850 | PA      | $2893299.06   | 0.10%             | 2046-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Phillips 66 Co.                                                          | Phillips 66 5.30%, Due 06/30/2033                                          | CUSIP: 718547AR3<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    875000 | PA      | $900096.23    | 0.03%             | 2033-06-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| The Toronto-Dominion Bank                                                | Toronto Dominion Bank 3.2%, Due 03/10/2032                                 | CUSIP: 89114TZV7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | US        |    236000 | PA      | $219131.75    | 0.01%             | 2032-03-10      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CHERRY SECURITIZATION TRUST 2024-1                                       | Cherry Securitization Trust Series 2024-1A, Class A                        | CUSIP: 164737AA6<br>LEI: 213800F9SQ753JQHSW24 | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2776165.70   | 0.09%             | 2032-04-15      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                        | PNC Financial Services Group, Inc. (The) 5.582%, Due 01/26/2027            | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $518115.97    | 0.02%             | 2029-06-12      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| BHMS COMMERCIAL MORTGAGE TRUST 2025-ATLS                                 | BHMS Commerical Mortgage Trust Series 2025-ATLS, Class C                   | CUSIP: 088928AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5850000 | PA      | $5853656.25   | 0.20%             | 2042-08-15      | Floating      | 7.45%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Corp                                                         | Duke Energy Corporation 4.95%, Due 09/15/2035                              | CUSIP: 26441CCJ2<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    880000 | PA      | $874224.96    | 0.03%             | 2035-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                         | Duke Energy Corporation 4.3%, Due 03/15/2028                               | CUSIP: 26441CBS3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    825000 | PA      | $828836.07    | 0.03%             | 2028-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| Hyundai Capital America                                                  | Hyundai Capital America 5.35%, Due 03/19/2029                              | CUSIP: 44891ACY1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   3110000 | PA      | $3194235.03   | 0.11%             | 2029-03-19      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Truist Financial Corp.                                                   | Truist Financial Corporation 6.047%, Due 06/08/2027                        | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505802.45    | 0.02%             | 2027-06-08      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Fremf 2012 Kf01 Mortgage Trust                                           | FREMG Mortgage Trust Series 2018-KF50, Class B                             | CUSIP: 35709BAC9<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    338254 | PA      | $325220.67    | 0.01%             | 2028-07-25      | Variable      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| OCWEN LOAN INVESTMENT TRUST 2023-HB                                      | Ocwen Loan Investment Trust Series 2023-HB1, Class M3                      | CUSIP: 67578KAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3912658.00   | 0.13%             | 2036-06-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| SUNNOVA SOL II ISSUER LLC                                                | Sunnova Solar Issuer, LLC Series 2020-2A Class A                           | CUSIP: 86745PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3535722 | PA      | $2969214.07   | 0.10%             | 2055-11-01      | Fixed         | 2.73%                 | Yes           |                  2 | On Loan: No      |
| BREAN ASST BCK SEC TR 2022-RM3                                           | Brean Asset Backed Securities Series 2022-RM5, Class M1                    | CUSIP: 10637WAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2627837 | PA      | $2445313.35   | 0.08%             | 2062-09-25      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| The Kroger Co.                                                           | Kroger Company 1.70%, Due 01/15/2031                                       | CUSIP: 501044DQ1<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |   1552000 | PA      | $1356079.63   | 0.05%             | 2031-01-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2021-C                                            | Oportun Funding LLC Series 2021-C, Class B                                 | CUSIP: 68377WAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1677447 | PA      | $1648286.07   | 0.06%             | 2031-10-08      | Fixed         | 2.67%                 | Yes           |                  2 | On Loan: No      |
| Blackrock Inc.                                                           | BlackRock Funding Incorporated 5.0%, Due 03/14/2034                        | CUSIP: 09290DAB7<br>LEI: 529900VBK42Y5HHRMD23 | Long             | DBT              | CORP              | US        |    500000 | PA      | $515156.82    | 0.02%             | 2034-03-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2003-W2 Class 1-1A            | CUSIP: 31392JAA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    446783 | PA      | $466123.44    | 0.02%             | 2042-07-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal Home Loan Mortgage Corporation SERIES 2006-71 CLASS ZH             | CUSIP: 31396KUR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    167524 | PA      | $175667.61    | 0.01%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Sieres 384 Class 11                  | CUSIP: 3136FES37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    302583 | PA      | $39624.96     | 0.00%             | 2035-03-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                        | U. S. Treasury Strips 0.000%, Due 08/15/2043                               | CUSIP: 912834MT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $6255856.05   | 0.21%             | 2043-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                                      | Commercial Mortgage Trust Series 2020-CX Class A                           | CUSIP: 12656KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11815000 | PA      | $10191415.78  | 0.35%             | 2046-11-10      | Fixed         | 2.17%                 | Yes           |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                | Toronto Dominion Bank 1.20%, Due 06/03/2026                                | CUSIP: 89114TZD7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1030573.66   | 0.04%             | 2026-06-03      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| POWERPAY ISSUANCE TRUST 2024-1                                           | PowerPay Issuance Trust Series 2024-1A, Class A                            | CUSIP: 73934RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2160345 | PA      | $2229473.70   | 0.08%             | 2039-02-18      | Fixed         | 6.53%                 | Yes           |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2024-1                                            | Oportun Funding LLC Series 2024-1A, Class C                                | CUSIP: 68377JAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003389.00   | 0.03%             | 2031-04-08      | Fixed         | 7.42%                 | Yes           |                  2 | On Loan: No      |
| GINNIE MAE (H) 23-85                                                     | Government National Mortgage Association Series 2023-81, Class KB          | CUSIP: 38384BAV3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3836791 | PA      | $4022730.62   | 0.14%             | 2053-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2005-62, Class ZL             | CUSIP: 31394EPD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    168434 | PA      | $173708.98    | 0.01%             | 2035-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                     | JPMorgan Chase & Co 2.545%, Due 11/08/2032                                 | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    475000 | PA      | $426037.12    | 0.01%             | 2032-11-08      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corp Series 4753 Class EZ                       | CUSIP: 3137FDVG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1625115 | PA      | $1491972.27   | 0.05%             | 2047-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fremf 2012 Kf01 Mortgage Trust                                           | Freedom Mortgage Trust Series 2018-KF53, Class B                           | CUSIP: 35708AAG3<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    491756 | PA      | $491060.80    | 0.02%             | 2025-10-25      | Variable      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2023-21, Class MY             | CUSIP: 3136BP2N0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2047000 | PA      | $1930205.75   | 0.07%             | 2053-04-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 3811 Class TA                | CUSIP: 3137A6JS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    206785 | PA      | $211581.82    | 0.01%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Pool G2 CN5057                     | CUSIP: 3617F4TN3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1703459 | PA      | $1635605.91   | 0.06%             | 2062-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Series 2023-167, Class VC          | CUSIP: 38384FAK8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   8742558 | PA      | $8983855.98   | 0.31%             | 2034-08-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2019-031, Class AZ         | CUSIP: 38381RYW3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    157534 | PA      | $156756.17    | 0.01%             | 2049-03-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROC MORTGAGE TRUST 2021-RTL1                                             | ROC Securities Trust Series 2021-RLT1, Class A2                            | CUSIP: 77118TAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3004535 | PA      | $2998711.45   | 0.10%             | 2026-08-25      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association FNMA Strip                           | CUSIP: 3136FLFM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    684474 | PA      | $123369.00    | 0.00%             | 2042-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                           | Morgan Stanley 1.928%, Due 04/28/2032                                      | CUSIP: 6174468X0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    750000 | PA      | $654545.80    | 0.02%             | 2032-04-28      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                             | U.S. Treasury Notes 0.5%, Due 10/31/2027                                   | CUSIP: 91282CAU5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $10318515.68  | 0.35%             | 2027-10-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                      | Brean Asset Backed Securities Trust Series 2025-RM12, Class M3             | CUSIP: 10638KAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2315839 | PA      | $1865687.27   | 0.06%             | 2065-07-25      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                        | Wells Fargo & Company 2.879%, Due 10/30/2030                               | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3787206.32   | 0.13%             | 2030-10-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: —       |
| Loanpal Solar Ln 2021-2 Ltd / LLC.                                       | Loanpal Solar Loan Ltd. Series 2021-2GS, Class A                           | CUSIP: 53948QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2187214 | PA      | $1779454.43   | 0.06%             | 2048-03-20      | Fixed         | 2.22%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 3102 Class TA                | CUSIP: 31396H6P9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    147733 | PA      | $147335.49    | 0.01%             | 2036-01-15      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                     | JPMorgan Chase & Company 1.045%, Due 11/19/2026                            | CUSIP: 46647PBT2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497759.99    | 0.02%             | 2026-11-19      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2017-77 Class HZ              | CUSIP: 3136AYFY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   3591974 | PA      | $3293116.17   | 0.11%             | 2047-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust 2022-1                      | Arivo Acceptance Auto Loan Receivables Trust Series 2024-1A, Class B       | CUSIP: 039943AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2052092.20   | 0.07%             | 2030-06-17      | Fixed         | 6.87%                 | Yes           |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                           | Pacific Life Global Funding II 4.85%, Due 02/10/2030                       | CUSIP: 6944PL3F4<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   5217000 | PA      | $5319591.63   | 0.18%             | 2030-02-10      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| Northrop Grumman Corporation                                             | Northrop Grumman Corporation 4.90%, Due 06/01/2034                         | CUSIP: 666807CL4<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    900000 | PA      | $912942.41    | 0.03%             | 2034-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Phillips 66 Co.                                                          | Phillips 66 3.55%, Due 10/01/2026                                          | CUSIP: 718547AF9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99384.53     | 0.00%             | 2026-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association Pool MA4199                          | CUSIP: 31418DUZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    735630 | PA      | $551430.34    | 0.02%             | 2050-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association Series 2017-10, Class LZ             | CUSIP: 3136AVPM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   4300143 | PA      | $3791841.32   | 0.13%             | 2047-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | MultiFamily Structured Credit Series 22-MN4, Class M1                      | CUSIP: 35563HAA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |   2771251 | PA      | $2842020.81   | 0.10%             | 2052-05-25      | Floating      | 8.60%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4180 Class ZB                | CUSIP: 3137B15N8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    182689 | PA      | $147722.27    | 0.01%             | 2043-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massmutual Global Funding II                                             | MassMutual Global Funding 4.35%, Due 09/17/2031                            | CUSIP: 57629W3S7<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2286140.48   | 0.08%             | 2031-09-17      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| TRICOLOR AUTO SECURITIZATION TRUST                                       | Tricolor Auto Securitization Trust Series 2024-3A, Class B                 | CUSIP: 89617AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1625000 | PA      | $1592500.00   | 0.05%             | 2028-09-15      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| GENESIS SLS FIN MSTR TR 2019-A                                           | Genesis Sales Finance Master Trust Series 2024-B, Class D                  | CUSIP: 37186XBA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5039809.00   | 0.17%             | 2032-12-20      | Fixed         | 7.04%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2019-20 Class JK           | CUSIP: 38381RAD1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    120497 | PA      | $112783.32    | 0.00%             | 2049-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool BS3369                          | CUSIP: 3140LDW70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7768000 | PA      | $5494613.94   | 0.19%             | 2041-10-01      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-84, Class AL          | CUSIP: 38383RT31<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2812353 | PA      | $2448435.37   | 0.08%             | 2052-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2015-76, Class MZ          | CUSIP: 38379LN85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2844155 | PA      | $2554831.18   | 0.09%             | 2045-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                   | Federal Home Loan Mortgage Corporation Series 4736 Class CL                | CUSIP: 3137FCHG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    441240 | PA      | $385750.19    | 0.01%             | 2047-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5039, Class JL               | CUSIP: 3137F63U9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1241688 | PA      | $954219.17    | 0.03%             | 2050-11-25      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                  | Federal Home Loan Mortgage Corporation Series 5189, Class ZP               | CUSIP: 3137H5VS3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   1069248 | PA      | $865583.74    | 0.03%             | 2052-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MCR 2024-TWA MORTGAGE TRUST                                              | MCR Mortgage Trust Series 2024-TWA, Class D                                | CUSIP: 582923AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3549458.50   | 0.12%             | 2039-06-12      | Fixed         | 7.40%                 | Yes           |                  2 | On Loan: No      |
| American Water Capital Corp                                              | American Water Capital Corporation 2.8%, DUE 05/01/2030                    | CUSIP: 03040WAW5<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    300000 | PA      | $282580.23    | 0.01%             | 2030-05-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 322, Class V1                | CUSIP: 3132HTY67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1074806 | PA      | $997951.99    | 0.03%             | 2043-12-15      | Floating      | 2.26%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN BM6504                       | CUSIP: 3140JBGN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8813966 | PA      | $8188544.39   | 0.28%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2020-65, Class YC          | CUSIP: 38382E5X1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1088304 | PA      | $884898.12    | 0.03%             | 2050-05-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                               | Constellation Brands, Inc. 2.25%, Due 08/01/2031                           | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   2195000 | PA      | $1934848.64   | 0.07%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2012-128, Class WS            | CUSIP: 3136A9VE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1065507 | PA      | $718349.37    | 0.02%             | 2042-11-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2015-24, Class ZA             | CUSIP: 3136AM6F1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2037863 | PA      | $1827210.04   | 0.06%             | 2045-04-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                  | Federal Home Loan Mortgage Corporation Series 5202, Class DZ               | CUSIP: 3137H5ZZ3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   2773821 | PA      | $1659391.17   | 0.06%             | 2051-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                          | CVS Health Corporation 5.875%, Due 06/01/2053                              | CUSIP: 126650DZ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    450000 | PA      | $442170.50    | 0.02%             | 2053-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| ALPHAFLOW TRANSITIONAL MORTGAGE TRU                                      | AlphaFlow Transitional Mortgage Company Series 2021-WL1, Class A2          | CUSIP: 02079YAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72345 | PA      | $2807.61      | 0.00%             | 2026-01-25      | Variable      | 7.61%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN BQ5239                       | CUSIP: 3140KQZD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1453503 | PA      | $1409176.40   | 0.05%             | 2050-10-01      | Variable      | 2.22%                 | No            |                  2 | On Loan: No      |
| Lincoln National Corp.                                                   | Lincoln National Corporation 3.625%, Due 12/12/2026                        | CUSIP: 534187BF5<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99349.91     | 0.00%             | 2026-12-12      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| Fremf 2012 Kf01 Mortgage Trust                                           | FREMF Mortgage Trust Series 2019-KF58, Class B                             | CUSIP: 302986AC8<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   1688582 | PA      | $1679297.90   | 0.06%             | 2026-01-25      | Variable      | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 23-18 Class ZA             | CUSIP: 38383VU55<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1863992 | PA      | $1731023.00   | 0.06%             | 2053-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II                                         | Principal Life Global Funding II 4.60%, Due 08/19/2027                     | CUSIP: 74256LFA2<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302856.83    | 0.01%             | 2027-08-19      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST 2025-1                          | Research-Driven Pagaya Motor Asset Trust Series 2025-1A, Class C           | CUSIP: 76089YAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9800000 | PA      | $9906180.06   | 0.34%             | 2033-06-27      | Fixed         | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Amgen Inc.                                                               | Amgen Incorporated 5.25%, Due 03/02/2033                                   | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3884403.08   | 0.13%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UPSTRT STR PSTHRU TR 2022-4A                                             | Upstart Structured Pass-Through Trust Series 2022-2A, Class A              | CUSIP: 91680YAY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200060 | PA      | $199301.08    | 0.01%             | 2030-06-17      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                        | Wells Fargo and Company 5.499%, Due 01/23/2035                             | CUSIP: 95000U3K7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1043090.77   | 0.04%             | 2035-01-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                             | U.S. Treasury Notes 1.25%, Due 09/30/2028                                  | CUSIP: 91282CCY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $27982031.40  | 0.95%             | 2028-09-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes 2016-FL1 Ltd.                  | Arbor Realty Collateralized Loan Obligation Ltd. Series 2025-BTR1, Class B | CUSIP: 03881UAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2498762.50   | 0.08%             | 2041-01-18      | Variable      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FS9979                          | CUSIP: 3140XSCR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  24213630 | PA      | $24933577.51  | 0.85%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                     | JP Morgan Chase & Company 3.509%, Due 1/23/2019                            | CUSIP: 46647PAM8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3110000 | PA      | $3069030.26   | 0.10%             | 2029-01-23      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool CA9112                          | CUSIP: 3140QHDS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14944040 | PA      | $11202117.18  | 0.38%             | 2051-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST                                            | Life Financial Services Trust Series 2022-BMR2, Class A1                   | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10250000 | PA      | $9968125.00   | 0.34%             | 2039-05-15      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5103, Class LH               | CUSIP: 3137H0CZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1924391 | PA      | $1594375.84   | 0.05%             | 2050-03-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2018-024 Class DL          | CUSIP: 38380VAH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1623391 | PA      | $1488796.83   | 0.05%             | 2048-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UPGRADE MSTR PASS THR 2025-ST5                                           | Upgrade Master Pass-Thru Trust Series 2025-ST5, Class B                    | CUSIP: 91535BAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5516143.60   | 0.19%             | 2032-09-15      | None          | 5.25%                 | Yes           |                  2 | On Loan: No      |
| TVC MORTGAGE TRUST 2024-RRTL1                                            | TVC Mortgage Trust Series 2024-RRTL1, Class A2                             | CUSIP: 87306WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2009456.00   | 0.07%             | 2039-07-25      | Variable      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-205, Class CE         | CUSIP: 38383HAT6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2180598 | PA      | $2095143.42   | 0.07%             | 2052-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corp Series 4180 Class BU                       | CUSIP: 3137B13L4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2490985 | PA      | $2185934.98   | 0.07%             | 2042-10-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Series 2023-4, Class PB            | CUSIP: 38383VKX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   3932000 | PA      | $3845215.26   | 0.13%             | 2053-01-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mondelez International Holdings Netherlands BV                           | Mondelez International Holdings 1.25%, Due 09/24/2026                      | CUSIP: 60920LAR5<br>LEI: 549300CW356R8I7N8D33 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1557019.70   | 0.05%             | 2026-09-24      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| American Water Capital Corp                                              | American Water Capital Corporation 5.70%, Due 09/01/2055                   | CUSIP: 03040WBG9<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    450000 | PA      | $457046.38    | 0.02%             | 2055-09-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                   | Diamondback Energy, Inc. 6.25%, Due 03/15/2053                             | CUSIP: 25278XAW9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512059.68    | 0.02%             | 2053-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2021-73 Class ZD              | CUSIP: 3136BJE76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1495379 | PA      | $697602.90    | 0.02%             | 2051-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association IO SERIES 2017-004 CLASS WI       | CUSIP: 38380CUH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    402734 | PA      | $18878.51     | 0.00%             | 2044-02-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bxmt Ltd                                                                 | BXMT Limited Series 2020-FL3, Class D                                      | CUSIP: 05608XAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1450051.50   | 0.05%             | 2037-11-15      | Floating      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                   | Federal Home Loan Mortgage Corporation Series 5526, Class DB               | CUSIP: 3137HKT38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3595220 | PA      | $2252344.93   | 0.08%             | 2048-07-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                         | The Huntington National Bank Series 2025-2, Class B1                       | CUSIP: 44644NAN9<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |   5621384 | PA      | $5635135.76   | 0.19%             | 2033-09-20      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                         | Federal National Mortgage Association Pool BS0038                          | CUSIP: 3140LABG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1976565 | PA      | $1731141.54   | 0.06%             | 2031-01-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-260, Class GZ         | CUSIP: 38383YRT1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  14917027 | PA      | $8984333.12   | 0.31%             | 2052-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Series 2024-24, Class NV           | CUSIP: 38384JW67<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2065408 | PA      | $2069407.22   | 0.07%             | 2034-12-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                                                | Realty Income Corp .75%, Due 03/15/2026                                    | CUSIP: 756109AZ7<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1353292.57   | 0.05%             | 2026-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                               | American Tower Corporation 5.20%, Due 02/15/2029                           | CUSIP: 03027XCG3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    500000 | PA      | $514493.90    | 0.02%             | 2029-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2012-99, Class BY             | CUSIP: 3136A8TF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2712354 | PA      | $2326923.61   | 0.08%             | 2042-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2021-34, Class KC             | CUSIP: 3136BHVS5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    403489 | PA      | $217858.32    | 0.01%             | 2051-03-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Series 2023-66, Class ZE           | CUSIP: 38384AWT6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   3267609 | PA      | $3466454.73   | 0.12%             | 2053-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                        | PNC Financial Services 2.60%, Due 07/23/2026                               | CUSIP: 693475AX3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247189.93    | 0.01%             | 2026-07-23      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 19-99 Class GP             | CUSIP: 38381XTS5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    517000 | PA      | $402418.89    | 0.01%             | 2049-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2024-1                                            | Oportun Funding LLC Series 2024-1A, Class B                                | CUSIP: 68377JAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    719444 | PA      | $719684.02    | 0.02%             | 2031-04-08      | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 3852, Class NT               | CUSIP: 3137ABA84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1448365 | PA      | $1246819.01   | 0.04%             | 2041-05-15      | Floating      | 1.51%                 | No            |                  2 | On Loan: No      |
| PNC Bank National Association Pittsburgh Pennsylvania                    | PNC Bank National Association 2.70%, Due 10/22/2029                        | CUSIP: 69349LAS7<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    250000 | PA      | $235208.83    | 0.01%             | 2029-10-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Rmf Buyout Issuance Tr 2018                                              | RMF Buyout Issuance Trust Series 2020-HB1, Class A1                        | CUSIP: 76971EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1674732 | PA      | $1575378.40   | 0.05%             | 2050-10-25      | Variable      | 1.72%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                        | PNC Financial Services 5.939%, Due 08/18/2034                              | CUSIP: 693475BS3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1072641.51   | 0.04%             | 2034-08-18      | Fixed         | 5.94%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                    | Federal National Mortgage Association 4.0%, Due 12/25/2028                 | CUSIP: 31397Q4W5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     77399 | PA      | $76888.27     | 0.00%             | 2028-12-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                                    | General Motors Financial Company 5.75%, Due 02/08/2031                     | CUSIP: 37045XER3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $520921.94    | 0.02%             | 2031-02-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Protective Life Global Funding                                           | Protective Life Global Funding 1.737%, Due 09/21/2030                      | CUSIP: 74368CAY0<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1324668.23   | 0.05%             | 2030-09-21      | Fixed         | 1.74%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2013-82, Class NS          | CUSIP: 38378TDV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1294967 | PA      | $706780.25    | 0.02%             | 2043-05-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                   | Truist Financial Corporation 5.071%, Due 05/20/2031                        | CUSIP: 89788MAU6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    450000 | PA      | $461381.90    | 0.02%             | 2031-05-20      | Fixed         | 5.07%                 | No            |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 3759, Clas ME                | CUSIP: 3137A2TQ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    513073 | PA      | $489947.85    | 0.02%             | 2040-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                              | Verizon Communications Inc 1.75%, Due 01/20/2031                           | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    700000 | PA      | $612410.27    | 0.02%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4165, Class ZT               | CUSIP: 3137AYTA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  17346795 | PA      | $14655567.78  | 0.50%             | 2043-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OCWEN LN INVESTMNT TR2024-HB1                                            | Ocwen Loan Investment Trust Series 2024-HB1, Class M2                      | CUSIP: 675952AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1448154.60   | 0.05%             | 2037-02-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN BM6732                       | CUSIP: 3140JBPS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13131414 | PA      | $12781373.69  | 0.43%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POINT SECURITIZATION TRUST 2024-1                                        | Point Securitization Trust Series 2024-1, Class A1                         | CUSIP: 73071KAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4257476 | PA      | $4258605.64   | 0.14%             | 2054-06-25      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Series 2014-79, Class HU           | CUSIP: 38379B3J5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    443238 | PA      | $362408.06    | 0.01%             | 2040-02-16      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association Series 2020-95, Class KY             | CUSIP: 3136BDNJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2060000 | PA      | $1208592.73   | 0.04%             | 2051-01-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FREMF 2018-KF46 Mortgage Trust                                           | FREMF Mortgage Trust Series 2018-KF46, Class B                             | CUSIP: 302955AC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    137837 | PA      | $132954.89    | 0.00%             | 2028-03-25      | Variable      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN BP7449                       | CUSIP: 3140KFH32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    735658 | PA      | $710654.04    | 0.02%             | 2050-10-01      | Variable      | 2.04%                 | No            |                  2 | On Loan: No      |
| UPGRADE MSTR TR 25-ST2                                                   | Upgrade Master Pass-Thru Trust Series 2025-ST2, Class A                    | CUSIP: 91534JAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7817788 | PA      | $7909185.36   | 0.27%             | 2032-06-15      | Fixed         | 6.11%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association Series 2019-038 Class MT             | CUSIP: 3136B5FW0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    718276 | PA      | $647931.09    | 0.02%             | 2049-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                       | Dell Technologies Incorporated 4.90%, Due 10/01/2026                       | CUSIP: 24703TAE6<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   1488000 | PA      | $1496276.51   | 0.05%             | 2026-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Rentas Fdo Inv Inm                                                       | Renew Financial, LLC Series 2017-1A Class A                                | CUSIP: 75973LAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    215324 | PA      | $201129.93    | 0.01%             | 2052-09-20      | Fixed         | 3.67%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2013-34 Class GP              | CUSIP: 3136ADQF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    228002 | PA      | $218384.74    | 0.01%             | 2042-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                                           | Protective Life Global Funding 5.209%, Due 04/14/2026                      | CUSIP: 74368CBS2<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005396.54   | 0.03%             | 2026-04-14      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| AbbVie Inc.                                                              | Abbvie Incorporated 4.50%, Due 05/14/2035                                  | CUSIP: 00287YAR0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    800000 | PA      | $785039.88    | 0.03%             | 2035-05-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Association Series 3959, Class PZ               | CUSIP: 3137AHHE1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3763864 | PA      | $3736410.21   | 0.13%             | 2041-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                             | U.S. TREASURY BONDS 2.25%, DUE 08/15/2046                                  | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60000000 | PA      | $40031250.00  | 1.36%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                       | Energy Transfer LP 5.55%, Due 05/15/2034                                   | CUSIP: 29273VAY6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513000.38    | 0.02%             | 2034-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                           | Wells Fargo Mortgage Trust Series 21-SAVE Class D                          | CUSIP: 95003LAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2324000 | PA      | $2322734.83   | 0.08%             | 2040-02-15      | Floating      | 6.87%                 | Yes           |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                    | Lowe's Cos. Inc. 2.80%, Due 09/15/2041                                     | CUSIP: 548661EE3<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   3025000 | PA      | $2190321.61   | 0.07%             | 2041-09-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2012-145, Class PY         | CUSIP: 38378GPW2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1900000 | PA      | $1587316.05   | 0.05%             | 2042-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2013-84, Class B              | CUSIP: 3136AF5L4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1500000 | PA      | $1347927.60   | 0.05%             | 2043-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KAPITUS ASSET SECURITIZATION IV LLC                                      | Kapitus Asset Securitization LLC Series 2024-1A, Class 2C                  | CUSIP: 48555MAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4028974.80   | 0.14%             | 2031-09-10      | Fixed         | 7.15%                 | Yes           |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST                                            | Life Financial Services Trust Series 2022-BMR2, Class B                    | CUSIP: 53218DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2812289.10   | 0.10%             | 2039-05-15      | Floating      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                           | Morgan Stanley 2.699%, Due 01/22/2031                                      | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   9900000 | PA      | $9250900.66   | 0.31%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ERP Operating Limited Partnership                                        | ERP Operating, L.P. 2.50%, Due 02/15/2030                                  | CUSIP: 26884ABM4<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1725320.82   | 0.06%             | 2030-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: —       |
| Wells Fargo & Co.                                                        | Wells Fargo and Company 5.574%, Due 07/25/2029                             | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    900000 | PA      | $932716.68    | 0.03%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-152, Class JL         | CUSIP: 38384DWL7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2362155 | PA      | $2454318.49   | 0.08%             | 2052-01-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MMP CAPITAL 2025-A LLC                                                   | MMP Capital Series 2025-A, Class A                                         | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8423722 | PA      | $8487448.10   | 0.29%             | 2031-12-15      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2013-147 Class SD          | CUSIP: 38378UPW1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    987091 | PA      | $122494.78    | 0.00%             | 2039-12-20      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assoication Series 2018-006, Class JY         | CUSIP: 38380U5F6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    362000 | PA      | $318312.90    | 0.01%             | 2048-01-20      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool G2 CS5780                    | CUSIP: 3618AYM56<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    324677 | PA      | $284701.77    | 0.01%             | 2063-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2015-179 Class ZB          | CUSIP: 38379TBD0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     62886 | PA      | $51743.27     | 0.00%             | 2045-02-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-152, Class GX         | CUSIP: 38384DUS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   6587217 | PA      | $6867742.86   | 0.23%             | 2053-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association 5.50%, Due 11/15/2038             | CUSIP: 3622A2XG2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    200394 | PA      | $205900.53    | 0.01%             | 2038-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pricoa Global Funding I                                                  | Pricoa Global Funding I 4.75%, Due 08/26/2032                              | CUSIP: 74153WCY3<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1717127.99   | 0.06%             | 2032-08-26      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assoication Series 19-98 Class BI             | CUSIP: 38381YBX1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    847484 | PA      | $206014.63    | 0.01%             | 2049-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2004-17 Class BA              | CUSIP: 31393XA49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    429015 | PA      | $441471.36    | 0.02%             | 2034-04-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST 2023-B                                          | Bankers Healthcare Group Securitization Trust Series 2023-B, Class C       | CUSIP: 08862GAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1045846.50   | 0.04%             | 2036-12-17      | Fixed         | 8.15%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-167, Class CV         | CUSIP: 38384FAH5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   6908573 | PA      | $7189872.93   | 0.24%             | 2034-08-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2020-84, Class LB          | CUSIP: 38382FM43<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   4327365 | PA      | $3413360.40   | 0.12%             | 2050-06-20      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2021-43, Class ME             | CUSIP: 3136BH6S3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2328357 | PA      | $1844831.66   | 0.06%             | 2051-07-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 2021-MN3, Class M1           | CUSIP: 35563GAA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |   4830206 | PA      | $4838543.12   | 0.16%             | 2051-11-25      | Floating      | 6.66%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-2019, Class JW        | CUSIP: 38383LQT0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2038000 | PA      | $2075723.79   | 0.07%             | 2052-12-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Pool #G06085                        | CUSIP: 3128M8CW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28311 | PA      | $29803.49     | 0.00%             | 2038-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LHOME MTG TR 2025-RTL1                                                   | LHOME Mortgage Trust Series 2025-RTL1, Class A2                            | CUSIP: 50205UAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8950000 | PA      | $9012430.73   | 0.31%             | 2040-01-25      | Variable      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Deere & Company                                                          | Deere & Company 3.10%, Due 04/15/2030                                      | CUSIP: 244199BJ3<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1653541.03   | 0.06%             | 2030-04-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                                                     | Elevance Health Incorporated 4.60%, Due 09/15/2032                         | CUSIP: 036752BJ1<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   2565000 | PA      | $2549414.01   | 0.09%             | 2032-09-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| DK TRUST 2025-LXP                                                        | DK Trust Series 2025-LXP, Class C                                          | CUSIP: 23292LAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3150000 | PA      | $3152953.13   | 0.11%             | 2037-08-15      | Floating      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Pool RB5090                         | CUSIP: 3133KYUP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  13662911 | PA      | $11836955.63  | 0.40%             | 2040-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                             | US Treasury Inflation-Protected Note 0.125%, Due 04/15/2026                | CUSIP: 91282CCA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6158850 | PA      | $6126311.50   | 0.21%             | 2026-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool BL4548                          | CUSIP: 3140HWBS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    175056 | PA      | $164870.33    | 0.01%             | 2029-10-01      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| American Water Capital Corp                                              | American Water Capital Corp. 2.3%, Due 06/01/2031                          | CUSIP: 03040WAY1<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    825000 | PA      | $739982.31    | 0.03%             | 2031-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                             | New York Life Global Funding 1.15%, Due 06/09/2026                         | CUSIP: 64952WED1<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49001.68     | 0.00%             | 2026-06-09      | Fixed         | 1.15%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2025-SFR1 TRUS                                      | Progress Residential Trust Series 25-SFR1 Class E1                         | CUSIP: 74334NAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3600000 | PA      | $3337778.16   | 0.11%             | 2042-02-17      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| First Horizon Bank                                                       | FIRST TENNESSEE BANK 5.75%, DUE 05/01/2030                                 | CUSIP: 337158AJ8<br>LEI: COOWI3L2W9TPYR3WJX37 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257925.86    | 0.01%             | 2030-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| CREDIBLYASSET SECURITIZATION II LLC                                      | Credibility Asset Securitization Series 2024-1A, Class A                   | CUSIP: 22534NAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4053835.60   | 0.14%             | 2029-11-15      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2020-42, Class BY             | CUSIP: 3136B95Z6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    935000 | PA      | $579641.19    | 0.02%             | 2050-06-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                       | State Street Corporation 2.623%, Due 02/07/2033                            | CUSIP: 857477BT9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    258000 | PA      | $231409.69    | 0.01%             | 2033-02-07      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Company                                             | Bristol-Myers Squibb Company 5.90%, Due 11/15/2033                         | CUSIP: 110122DZ8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1576056.10   | 0.05%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: —       |
| BP Capital Markets America, Inc.                                         | BP Capital Markets America 4.989%, Due 04/10/2034                          | CUSIP: 10373QBW9<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509904.71    | 0.02%             | 2034-04-10      | Fixed         | 4.99%                 | No            |                  2 | On Loan: —       |
| DROP MTGE TST                                                            | Drop Mortgage Trust Series 2021-FILE, Class A                              | CUSIP: 26210YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3400468.75   | 0.12%             | 2043-10-15      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool CN5236C                      | CUSIP: 3617F4Y98<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3725320 | PA      | $3455536.83   | 0.12%             | 2062-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2013-149, Class LZ         | CUSIP: 38378UKN6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2983473 | PA      | $2558565.81   | 0.09%             | 2043-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Equitable Financial Life Global Funding                                  | Equitable Financial Life 1.80%, Due 03/08/2028                             | CUSIP: 29449WAF4<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |   1434000 | PA      | $1353846.14   | 0.05%             | 2028-03-08      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                                            | Intercontinental Exhange Incorporated 4.95%, Due 06/15/2052                | CUSIP: 45866FAX2<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    875000 | PA      | $817355.00    | 0.03%             | 2052-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Pool# 2646                          | CUSIP: 31393W2P3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    151117 | PA      | $151460.01    | 0.01%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PROGRESS RES TR 2021-SFR5                                                | Progress Residential Trust Series 2021-SFR5, Class E2                      | CUSIP: 74333FAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3600000 | PA      | $3519002.52   | 0.12%             | 2038-07-17      | Fixed         | 2.36%                 | Yes           |                  2 | On Loan: No      |
| College Avenue Student Loans 2019-A LLC                                  | College Avenue Student Loans Series 2019-A Class C                         | CUSIP: 19421UAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    106156 | PA      | $103761.62    | 0.00%             | 2048-12-28      | Fixed         | 4.46%                 | Yes           |                  2 | On Loan: No      |
| Rmf Buyout Issuance Tr 2018                                              | RMF Buyout Issuance Trust Series 2021-HB1, Class M3                        | CUSIP: 74969TAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1550000 | PA      | $1478185.40   | 0.05%             | 2031-11-25      | Variable      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4857 Class H                 | CUSIP: 3137FKR32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      8976 | PA      | $8952.60      | 0.00%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool AL3200                          | CUSIP: 3138EKRW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    153495 | PA      | $149218.97    | 0.01%             | 2033-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BHMS COMMERCIAL MORTGAGE TRUST 2025-ATLS                                 | BHMS Commerical Mortgage Trust Series 2025-ATLS, Class B                   | CUSIP: 088928AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3502187.50   | 0.12%             | 2042-08-15      | Floating      | 6.70%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA POINT OF SALE HOLDINGS GRANTOR TRUST 2025-1                       | Pagaya Point of Sale Holdings Series 25-1 Class D                          | CUSIP: 694952AH5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2527533.25   | 0.09%             | 2034-01-20      | Fixed         | 6.74%                 | Yes           |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                                               | L3Harris Technologies Incorporated 4.40%, Due 06/15/2028                   | CUSIP: 413875AW5<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1721127.23   | 0.06%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| NMEF FUNDING LLC 2023-A                                                  | NMEF Funding LLC Series 2023-A, Class C                                    | CUSIP: 62890QAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3658546.85   | 0.12%             | 2030-06-17      | Fixed         | 8.04%                 | Yes           |                  2 | On Loan: No      |
| AT&T Inc                                                                 | AT&T Inc 3.50% Due 06/01/2041                                              | CUSIP: 00206RJZ6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    400000 | PA      | $319750.82    | 0.01%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool G2 CR2128                    | CUSIP: 3618AGLH0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    806264 | PA      | $707050.06    | 0.02%             | 2055-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Manufacturers & Traders Trust Co.                                        | M&T Bank Trust Company 5.4%, Due 11/21/2025                                | CUSIP: 55279HAT7<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600358.87    | 0.02%             | 2025-11-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MF1 2021-FL6 LTD                                                         | MF1 Multifamily Housing Mortgage Loan Trust Series 2021-FL6, Class AS      | CUSIP: 55283TAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4431000 | PA      | $4427703.34   | 0.15%             | 2036-07-16      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| RFT TRUST 2024-2                                                         | Redwood Funding Trust Series 2024-2, Class A2                              | CUSIP: 76201AAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1960057 | PA      | $1958663.65   | 0.07%             | 2028-09-27      | Fixed         | 8.81%                 | Yes           |                  2 | On Loan: No      |
| Gnma Pass-Thru M Single Family                                           | Government National Mortgage Association 3.50%, Due 08/20/2052             | CUSIP: 3622AC5T3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8751104 | PA      | $7873898.25   | 0.27%             | 2052-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CFMT 2021-Ebo1 Llc                                                       | Cascade Funding Mortgage Trust Series 2021-GRN1, Class B                   | CUSIP: 12529KAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $979016.60    | 0.03%             | 2041-03-20      | Fixed         | 1.83%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool G2 CI6717                    | CUSIP: 3617XBPA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1768054 | PA      | $1579057.75   | 0.05%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN BS0915                       | CUSIP: 3140LBAR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3200000 | PA      | $2768032.67   | 0.09%             | 2031-03-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5115, Class AZ               | CUSIP: 3137H0UV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  11340853 | PA      | $7784662.94   | 0.26%             | 2041-06-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                  | Federal Home Loan Mortgage Corp Series 5159 Class WZ                       | CUSIP: 3137H3UW0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |    694267 | PA      | $416594.98    | 0.01%             | 2050-01-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Midamerican Energy Company                                               | MidAmerican Energy Company 3.65%, Due 04/15/2029                           | CUSIP: 595620AT2<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    350000 | PA      | $344897.17    | 0.01%             | 2029-04-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Hero Fdg Tr 2016-2                                                       | Hero Funding Trust Series 2016-2A Class A                                  | CUSIP: 42770WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     55382 | PA      | $52984.18     | 0.00%             | 2041-09-20      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-HB15 LLC                                                       | Cascade Funding Mortgage Trust Series 2024-HB15, Class M3                  | CUSIP: 15723AAD3<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5298203.35   | 0.18%             | 2034-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Broadcom Inc                                                             | Broadcom Incorporated 4.80%, Due 02/15/2036                                | CUSIP: 11135FCY5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1699798.30   | 0.06%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass Through Trust 2020-1A                               | United Airlines 5.875%, Due 10/15/2027                                     | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110633 | PA      | $113717.93    | 0.00%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                        | WELLS FARGO & CO 2.393%, DUE 06/02/2028                                    | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    650000 | PA      | $631868.43    | 0.02%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: —       |
| OPORTUN ISSUANCE TRUST 2025-A                                            | Oportun Funding, LLC Series 2025-C, Class D                                | CUSIP: 68378RAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3300000 | PA      | $3313548.81   | 0.11%             | 2033-07-08      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Johnson Controls International PLC / Tyco Fire & Security Finance S.C.A. | Johnson Controls International 2.00%, Due 09/16/2031                       | CUSIP: 47837RAD2<br>LEI: 549300XQ6S1GYKGBL205 | Long             | DBT              | CORP              | US        |    500000 | PA      | $435475.21    | 0.01%             | 2031-09-16      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LENDMARK FUNDING TRUST 2025-2                                            | Lendmark Funding Trust Series 2025-2A, Class D                             | CUSIP: 52603GAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7800000 | PA      | $7846771.92   | 0.27%             | 2034-10-20      | Fixed         | 5.98%                 | Yes           |                  2 | On Loan: No      |
| ACM AUTO TRUST 2024-1                                                    | ACM Auto Trust Series 2024-1A, Class B                                     | CUSIP: 00161CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1466881 | PA      | $1480928.36   | 0.05%             | 2031-01-21      | Fixed         | 11.40%                | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2015-161, Class AV         | CUSIP: 38379FUL1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    181350 | PA      | $178105.76    | 0.01%             | 2029-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                             | U.S. Treasury Bonds 1.625%, Due 11/15/2050                                 | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  85000000 | PA      | $45607812.50  | 1.55%             | 2050-11-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION Series 2016-32 Class MS           | CUSIP: 38379VV50<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1336830 | PA      | $161137.44    | 0.01%             | 2046-03-20      | Floating      | 1.60%                 | No            |                  2 | On Loan: No      |
| College Avenue Student Loans 2021-A Llc                                  | College Ave Student Loans Series 21-A Class D                              | CUSIP: 19424KAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225957 | PA      | $217259.64    | 0.01%             | 2051-07-25      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 2025-MN10, Class M1          | CUSIP: 35563UAA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |   3030833 | PA      | $3005867.10   | 0.10%             | 2045-02-25      | Floating      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Berkshire Hathaway Finance Corporation                                   | Berkshire Hathaway Incorporated 3.85%, Due 03/15/2052                      | CUSIP: 084664DB4<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |    900000 | PA      | $706037.27    | 0.02%             | 2052-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2013-35 Class CV              | CUSIP: 3136ADSQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    370000 | PA      | $353598.53    | 0.01%             | 2043-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MOSAIC SOLAR LOAN TRUST 2023-3                                           | Mosaic Solar Loans, LLC Series 2023-3A, Class A                            | CUSIP: 618933AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2285645 | PA      | $2267303.40   | 0.08%             | 2053-11-20      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| NYMT LOAN TRUST SERIES 2024-BPL1                                         | New York Mortgage Trust Series 2024-BPL1, Class A2                         | CUSIP: 62956MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2514035.50   | 0.09%             | 2029-02-25      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Sofi Professional Loan Program 2020-A Trust                              | Social Professional Loan Program Series 2020-A Class BFX                   | CUSIP: 83406TAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $374357.17    | 0.01%             | 2046-05-15      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-B                                      | BX Trust Series 2024-BIO2, Class D                                         | CUSIP: 05613GAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4400000 | PA      | $4378167.20   | 0.15%             | 2041-08-13      | Variable      | 7.97%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                   | Federal Home Loan Mortgage Corporation Series 5519, Class GV               | CUSIP: 3137HK6U3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  12101317 | PA      | $12511622.07  | 0.43%             | 2035-12-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                    | Bank of America Corporation Floater, Due 04/29/2031                        | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    450000 | PA      | $417008.98    | 0.01%             | 2031-04-29      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Company                                             | Bristol- Myers Squibb Company 2.95%, Due 03/15/2032                        | CUSIP: 110122DU9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    300000 | PA      | $275478.65    | 0.01%             | 2032-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: —       |
| Energy Transfer LP                                                       | Energy Transfer LP 5.60%, Due 09/01/2034                                   | CUSIP: 29273VBA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3078932.01   | 0.10%             | 2034-09-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                              | PacifiCorp 5.50%, Due 05/15/2054                                           | CUSIP: 695114DA3<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    450000 | PA      | $424968.91    | 0.01%             | 2054-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                    | Government National Mortgage Association Series 2019-052 Class HL          | CUSIP: 38381VBG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGA              | US        |    490565 | PA      | $435613.09    | 0.01%             | 2049-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                           | Penske Trust Leasing Co. / PTL Finance Corp. 5.35%, Due 03/30/2029         | CUSIP: 709599BZ6<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1388370.66   | 0.05%             | 2029-03-30      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool G2 MA7248                    | CUSIP: 36179WBR8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1003589 | PA      | $878953.80    | 0.03%             | 2051-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                  | Hyundai Capital America 5.30%, Due 01/08/2030                              | CUSIP: 44891ADM6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    875000 | PA      | $898675.27    | 0.03%             | 2030-01-08      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                         | Federal National Mortgage Association Pool FN BR9977                       | CUSIP: 3140L9CP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2315114 | PA      | $2093758.31   | 0.07%             | 2051-06-01      | Variable      | 1.78%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 3919 Class QS                | CUSIP: 3137AFRK0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    495160 | PA      | $19428.38     | 0.00%             | 2030-08-15      | Floating      | 2.21%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 3923, Class CZ               | CUSIP: 3137AFKF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    350722 | PA      | $354886.80    | 0.01%             | 2041-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NYMT LOAN TRUST SERIES 2024-BPL1                                         | New York Mortgage Trust Series 2024-BPL1, Class A1                         | CUSIP: 62956MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5750000 | PA      | $5783000.40   | 0.20%             | 2029-02-25      | Fixed         | 7.15%                 | Yes           |                  2 | On Loan: No      |
| Nevada Power Company                                                     | Nevada Power Company 6.0%, Due 03/15/2054                                  | CUSIP: 641423CG1<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    450000 | PA      | $468121.15    | 0.02%             | 2054-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-69, Class BY          | CUSIP: 38383P2A8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1000000 | PA      | $781185.10    | 0.03%             | 2051-10-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2004-56 Class Z               | CUSIP: 31393Y5S0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     59204 | PA      | $63533.94     | 0.00%             | 2034-03-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| The Progressive Corporation                                              | Progressive Corp. 3.2%, Due 03/26/2030                                     | CUSIP: 743315AW3<br>LEI: 529900TACNVLY9DCR586 | Long             | DBT              | CORP              | US        |    240000 | PA      | $230861.62    | 0.01%             | 2030-03-26      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| RGA Global Funding                                                       | RGA Global Funding 2.0%, Due 11/30/2026                                    | CUSIP: 76209PAA1<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    660000 | PA      | $643498.47    | 0.02%             | 2026-11-30      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5129, Class DM               | CUSIP: 3137H1NR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1210634 | PA      | $923635.48    | 0.03%             | 2050-08-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Helmerich & Payne Inc                                                    | Helmerich & Payne, Inc. 2.90%, Due 09/29/2031                              | CUSIP: 423452AG6<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1457647.82   | 0.05%             | 2031-09-29      | Fixed         | 2.90%                 | No            |                  2 | On Loan: —       |
| Citibank, N.A.                                                           | Citibank NA 5.57%, Due 04/30/2034                                          | CUSIP: 17325FBG2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1854633.43   | 0.06%             | 2034-04-30      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2024-23, Class AZ          | CUSIP: 38384J2V5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   8741732 | PA      | $9188959.79   | 0.31%             | 2054-02-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool MA7385                       | CUSIP: 36179WF29<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1274841 | PA      | $1124299.42   | 0.04%             | 2036-06-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 366, Class 200               | CUSIP: 3132J0VF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2502106 | PA      | $2163723.20   | 0.07%             | 2049-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-101, Class PL         | CUSIP: 38383F5S8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   9199000 | PA      | $8570958.51   | 0.29%             | 2052-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Indiana, LLC.                                                | Duke Energy Indinana, LLC 2.75%, Due 04/01/2050                            | CUSIP: 26443TAC0<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |    370000 | PA      | $235018.08    | 0.01%             | 2050-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                 | American Express Company 5.085%, Due 01/30/2031                            | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    925000 | PA      | $953661.85    | 0.03%             | 2031-01-30      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2006-96 Class MO              | CUSIP: 31396LCF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     11150 | PA      | $10141.94     | 0.00%             | 2036-10-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                        | U. S. Treasury Strips 0.000%, Due 08/15/2033                               | CUSIP: 9128334W7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $5066355.98   | 0.17%             | 2033-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CASCADE MH ASSET TRUST                                                   | Cascade Funding Mortgage Trust Series 2019-MH1 Class M                     | CUSIP: 14732FAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $96789.41     | 0.00%             | 2044-11-25      | Fixed         | 5.99%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                | Goldman Sachs Group Incorporated 5.207%, Due 01/28/2031                    | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1858109.33   | 0.06%             | 2031-01-28      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                        | Johnson & Johnson 4.90%, Due 06/01/2031                                    | CUSIP: 478160CV4<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   2175000 | PA      | $2267251.12   | 0.08%             | 2031-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool BM7598                          | CUSIP: 3140JCNQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5221616 | PA      | $4796395.80   | 0.16%             | 2043-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-113, Class QC         | CUSIP: 38384CWJ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   6188700 | PA      | $6473070.77   | 0.22%             | 2053-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Shell Finance US Inc.                                                    | Shell Finance US Incorporated 2.375%, Due 11/07/2029                       | CUSIP: 822905AF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    645000 | PA      | $605201.63    | 0.02%             | 2029-11-07      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| NYSEG Storm Funding LLC                                                  | NYSEG Storm Funding LLC 4.713%, Due 05/01/2031                             | CUSIP: 67122QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8225000 | PA      | $8291686.08   | 0.28%             | 2031-05-01      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4929, Class HP               | CUSIP: 3137FPKQ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   6340682 | PA      | $5434715.43   | 0.18%             | 2049-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alaska Airlines Pass Through Trust 2020-1A                               | ALASKA AIRLINES 4.8%, DUE 02/15/2029                                       | CUSIP: 01166VAA7<br>LEI: PG4W4UTDTMMEBRGLO537 | Long             | ABS-O            | CORP              | US        |     91209 | PA      | $91336.45     | 0.00%             | 2029-02-15      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 16-28, Class DI               | CUSIP: 3136AR2U1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    278758 | PA      | $13498.51     | 0.00%             | 2035-03-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Kirby Corp                                                               | Kirby Corporation 4.20%, Due 03/01/2028                                    | CUSIP: 497266AC0<br>LEI: I7NO6FZO5GUCG585T325 | Long             | DBT              | CORP              | US        |    600000 | PA      | $598693.16    | 0.02%             | 2028-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2018-66, Class PZ             | CUSIP: 3136B25U2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    636069 | PA      | $513274.99    | 0.02%             | 2048-09-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4116, Class YC               | CUSIP: 3137AVPJ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1412000 | PA      | $1087923.55   | 0.04%             | 2042-10-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                                    | General Motors Financial Company 2.70%, Due 08/2027                        | CUSIP: 37045XDA1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $972034.48    | 0.03%             | 2027-08-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FS7218                          | CUSIP: 3140XPAU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2808368 | PA      | $2367436.87   | 0.08%             | 2042-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2011-14 Class PB              | CUSIP: 31397SBL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    344150 | PA      | $353429.87    | 0.01%             | 2041-03-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2009-103 Class MB             | CUSIP: 31398GJB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     85707 | PA      | $86206.39     | 0.00%             | 2039-12-25      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool CP5023                       | CUSIP: 3617FUSL0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1769482 | PA      | $1792204.31   | 0.06%             | 2062-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool BM6452                          | CUSIP: 3140JBE28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2791089 | PA      | $2576950.06   | 0.09%             | 2050-10-01      | Variable      | 2.11%                 | No            |                  2 | On Loan: No      |
| Expedia Group Inc                                                        | Expedia, Inc. 3.8%, due 2/15/2028                                          | CUSIP: 30212PAP0<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1239167.45   | 0.04%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| HTAP 2024-1                                                              | HTAP Trust Series 2024-1, Class A                                          | CUSIP: 40445NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5958436 | PA      | $5995037.11   | 0.20%             | 2037-04-25      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                    | Alexandria Real Estate Equities, Inc. 3.95%, Due 01/15/2028                | CUSIP: 015271AK5<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99417.45     | 0.00%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                        | U.S. Treasury STRIPS 0.000%, Due 02/15/2033                                | CUSIP: 9128334V9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1482268.40   | 0.05%             | 2033-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RMF PROP ISS TR 2022-1                                                   | RMF Proprietary Issuance Trust Series 2022-1, Class M1                     | CUSIP: 74969XAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1298219.02   | 0.04%             | 2062-01-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Ryder System, Inc.                                                       | Ryder System Incorporated 5.30%, Due 03/15/2027                            | CUSIP: 78355HLA5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1015488.98   | 0.03%             | 2027-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                       | Huntington Bancshares 5.023%, Due 05/17/2033                               | CUSIP: 446150BA1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    400000 | PA      | $402719.24    | 0.01%             | 2033-05-17      | Fixed         | 5.02%                 | No            |                  2 | On Loan: —       |
| MARINER FINANCE ISSE TR 2021-A                                           | Mariner Finance Issuance Trust Series 2021-AA                              | CUSIP: 56848DAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $965464.10    | 0.03%             | 2036-03-20      | Fixed         | 4.34%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2016-H11 Class FD          | CUSIP: 38375UWR7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     82894 | PA      | $83493.56     | 0.00%             | 2066-05-20      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| Tennessee Valley Authority                                               | Tennessee Valley Authority 4.25%, Due 09/15/2052                           | CUSIP: 880591EY4<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    500000 | PA      | $427093.95    | 0.01%             | 2052-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN MA2778                       | CUSIP: 31418CCQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     75011 | PA      | $69224.47     | 0.00%             | 2046-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2018-124, Class Z          | CUSIP: 38380Y2K0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   4076937 | PA      | $3791750.65   | 0.13%             | 2041-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONITY LN INVT TR 2024-HB2                                                | Onity Loan Investment Trust Series 2024-HB2, Class M3                      | CUSIP: 68278DAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2440823.75   | 0.08%             | 2037-08-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                                       | Met Life Global Fund I 5.15%, Due 03/28/2033                               | CUSIP: 59217GFP9<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $517955.94    | 0.02%             | 2033-03-28      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                | Goldman Sachs Group Inc 1.992%, Due 01/27/2032                             | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4550000 | PA      | $4015061.05   | 0.14%             | 2032-01-27      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2012-124, Class JA            | CUSIP: 3136A9V96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2522960 | PA      | $2297276.46   | 0.08%             | 2042-11-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                        | U.S. Treasury STRIPS 0.000%, Due 02/15/2037                                | CUSIP: 9128337F1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $9061170.75   | 0.31%             | 2037-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MTG TR 2025-3BP                                           | NYC Commerical Mortgage Trust Series 2025-3BP, Class D                     | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1592500.00   | 0.05%             | 2042-02-15      | Floating      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4710, Class GZ               | CUSIP: 3137FA5D6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   4713969 | PA      | $3986119.22   | 0.14%             | 2047-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5223, Class MZ               | CUSIP: 3137H7HZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3745921 | PA      | $3305668.99   | 0.11%             | 2050-12-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 16-37, Class YA            | CUSIP: 38379VYZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1052778 | PA      | $920942.21    | 0.03%             | 2045-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Public Service Electric &  Gas Co.                                       | Public Service Electric 2.25%, Due 09/15/2026                              | CUSIP: 74456QBR6<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98503.04     | 0.00%             | 2026-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                        | Wells Fargo & Company 2.572%, due 02/11/2031                               | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $975796.36    | 0.03%             | 2031-02-11      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2013-113 Class QS          | CUSIP: 38378WNC3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    176971 | PA      | $14260.13     | 0.00%             | 2042-02-20      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 21-81 Class KE             | CUSIP: 38382TSE5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   4136177 | PA      | $2351921.98   | 0.08%             | 2051-05-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                        | Wells Fargo and Company 3.35%, Due 03/02/2033                              | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2513362.26   | 0.09%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2005-13 Class BG           | CUSIP: 38374KUK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    142822 | PA      | $143832.64    | 0.00%             | 2035-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern States Power Company                                            | Northern Stars Power Company 2.25%, Due 04/01/2031                         | CUSIP: 665772CT4<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $453432.13    | 0.02%             | 2031-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| Arbor Realty Commercial Real Estate Notes 2016-FL1 Ltd.                  | Arbor Realty Commerical Real Estate Notes Series 2025-FL1, Class C         | CUSIP: 03881KAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2400000 | PA      | $2398612.80   | 0.08%             | 2042-08-20      | Floating      | 7.03%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool #AS4073                         | CUSIP: 3138WDQ38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    140616 | PA      | $135439.49    | 0.00%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust                                      | Homeward Opportunities Funding Trust Series 2024-RTL1, Class A2            | CUSIP: 43789FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2310662.80   | 0.08%             | 2029-07-25      | Fixed         | 8.57%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-152, Class TW         | CUSIP: 38384DWW3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  10605596 | PA      | $11183731.43  | 0.38%             | 2063-10-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                             | U.S. Treasury Notes 1.625%, Due 02/15/2026                                 | CUSIP: 912828P46<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4957226.55   | 0.17%             | 2026-02-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: —       |
| NYC COMMERCIAL MTG TR 2025-3BP                                           | NYC Commercial Mortgage Trust Series 2025-3BP, Class B                     | CUSIP: 67120UAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2997455.70   | 0.10%             | 2042-02-15      | Floating      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                                              | Capital One Financial Company 1.878%, Due 11/02/2027                       | CUSIP: 14040HCH6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $974371.62    | 0.03%             | 2027-11-02      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                                                | Realty Income Corporation 5.125%, Due 02/15/2034                           | CUSIP: 756109CG7<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025360.73   | 0.03%             | 2034-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| JPMorgan Chase & Co.                                                     | JPMorgan Chase & Company 2.963%, Due 01/25/2033                            | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   8275000 | PA      | $7570333.27   | 0.26%             | 2033-01-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2014-2 Class PB               | CUSIP: 3136AJBU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    442360 | PA      | $426831.64    | 0.01%             | 2044-02-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2016-68, Class AL             | CUSIP: 3136ATQ49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    897128 | PA      | $817834.19    | 0.03%             | 2046-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                             | U.S. Treasury Bonds 2.375%, Due 11/15/2049                                 | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $9810156.20   | 0.33%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                  | Federal Home Loan Mortgage Corporation Series 5173, Class BZ               | CUSIP: 3137H4CS7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   1100466 | PA      | $650539.22    | 0.02%             | 2051-12-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 08-51 Class PH             | CUSIP: 38375QX95<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     56069 | PA      | $57037.32     | 0.00%             | 2038-06-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOANPAL SOLAR LOAN 2020-3 LLC                                            | LoanPal Solar Loan LLC Series 2020-3, Class B                              | CUSIP: 53948NAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1816734 | PA      | $1367904.19   | 0.05%             | 2047-12-20      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2019-01, Class MH             | CUSIP: 3136B3F62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    142809 | PA      | $129036.91    | 0.00%             | 2049-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN DC9203                       | CUSIP: 3140AXGM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8926553 | PA      | $8868779.50   | 0.30%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.                                         | BP Capital Markets America 4.812%, Due 02/13/2033                          | CUSIP: 10373QBU3<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    800000 | PA      | $809409.24    | 0.03%             | 2033-02-13      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                           | Morgan Stanley 1.794%, Due 02/13/2032                                      | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3270668.40   | 0.11%             | 2032-02-13      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                                  | Mercedes-Benz Financing North America 4.75%, Due 03/31/2028                | CUSIP: 58769JBE6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507097.15    | 0.02%             | 2028-03-31      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FINBE USA TR 2025-1                                                      | FinBe Series 2025-1A, Class B                                              | CUSIP: 317967AB3<br>LEI: 4469000001BR51E83192 | Long             | ABS-O            | CORP              | US        |   3400000 | PA      | $3401531.36   | 0.12%             | 2030-12-16      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| Equitable Financial Life Global Funding                                  | Equitable Financial Life 5.0%, Due 03/27/2030                              | CUSIP: 29449WAT4<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |    825000 | PA      | $845320.06    | 0.03%             | 2030-03-27      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Realty Income Corporation                                                | Realty Income Corporation 3.20%, Due 02/15/2031                            | CUSIP: 756109CD4<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    250000 | PA      | $235667.34    | 0.01%             | 2031-02-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                             | New York Life Global Funding 4.70%, Due 01/29/2029                         | CUSIP: 64952WFF5<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1018325.21   | 0.03%             | 2029-01-29      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                                    | General Motros Financial Company 5.45%, Due 09/06/2034                     | CUSIP: 37045XFA9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1710118.77   | 0.06%             | 2034-09-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4333 Class GL                | CUSIP: 3137B9YV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    250000 | PA      | $225713.98    | 0.01%             | 2044-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust 2022-1                      | Arivo Acceptance Auto Loan Receivables Trust Series 2022-2A, Class C       | CUSIP: 04047JAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2826372.42   | 0.10%             | 2029-03-15      | Fixed         | 9.84%                 | Yes           |                  2 | On Loan: No      |
| ACHM TRUST 2024-HE2                                                      | Achieve Mortgage Series 2024-HE2, Class A                                  | CUSIP: 00112DAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3198834 | PA      | $3205857.14   | 0.11%             | 2039-10-25      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 378, Class 22                 | CUSIP: 3136FEMZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    371103 | PA      | $49887.80     | 0.00%             | 2035-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bxmt Ltd                                                                 | BXMT Ltd. Series 2021-FL4, Class C                                         | CUSIP: 05609GAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1600000 | PA      | $1551428.80   | 0.05%             | 2038-05-15      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| Truist Financial Corp.                                                   | Truist Financial Corp 7.161%, Due 10/30/2029                               | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    500000 | PA      | $541550.52    | 0.02%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                 | American Express Company 5.532%, Due 04/25/2030                            | CUSIP: 025816DU0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    325000 | PA      | $339601.85    | 0.01%             | 2030-04-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: —       |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                   | Federal Home Loan Mortgage Corporation Series 5332, Class CZ               | CUSIP: 3137HADN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   4493919 | PA      | $4593013.30   | 0.16%             | 2053-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-148, Class CB         | CUSIP: 38384DNW3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   4188291 | PA      | $4409458.31   | 0.15%             | 2053-10-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corp Series 4839 Class AL                       | CUSIP: 3137FJGW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2326401 | PA      | $1998646.46   | 0.07%             | 2051-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                    | Lowes Cos. Inc. 2.625%, Due 04/01/2031                                     | CUSIP: 548661EA1<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    950000 | PA      | $866985.44    | 0.03%             | 2031-04-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                                       | Regional Management Issuance Series 21-2 Class C                           | CUSIP: 75907UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $610846.99    | 0.02%             | 2033-08-15      | Fixed         | 3.23%                 | Yes           |                  2 | On Loan: No      |
| Amgen Inc.                                                               | Amgen, Inc. 4.20%, Due 03/01/2033                                          | CUSIP: 031162DJ6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    400000 | PA      | $389003.60    | 0.01%             | 2033-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| State Street Corp.                                                       | State Street Corporation 5.272%, Due 08/03/2026                            | CUSIP: 857477CD3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    700000 | PA      | $706632.40    | 0.02%             | 2026-08-03      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | MultiFamily Structured Credit Series 2024-MN9, Class M1                    | CUSIP: 355917AA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |   3213796 | PA      | $3236897.56   | 0.11%             | 2044-10-25      | Floating      | 6.80%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Government National Mortgage Association Series 2020-183, Class AE         | CUSIP: 38382LSV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |    598103 | PA      | $315623.07    | 0.01%             | 2050-12-20      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                      | Comcast Corporation 5.35%, Due 05/15/2053                                  | CUSIP: 20030NEF4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    925000 | PA      | $867366.63    | 0.03%             | 2053-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5038, Class PJ               | CUSIP: 3137FXP77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   5240599 | PA      | $3828042.95   | 0.13%             | 2050-10-25      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECS TR 24-RM8                                        | Brean Asset Backed Securities Trust Series 2024-RM9, Class A1              | CUSIP: 10638DAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3154539 | PA      | $3133229.63   | 0.11%             | 2064-09-25      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MF1 2022-FL10 LLC                                                        | MF1 Multifamily Housing Series 2022-FL10, Class D                          | CUSIP: 55285BAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    750000 | PA      | $753600.00    | 0.03%             | 2037-09-17      | Floating      | 9.86%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                                              | Capital One Financial Corporation Floating rate, due 3/1/2030              | CUSIP: 14040HCN3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    400000 | PA      | $385483.82    | 0.01%             | 2030-03-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                        | U.S Treasury STRIPS 0.000%, Due 05/15/2035                                 | CUSIP: 912833X88<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $3308986.60   | 0.11%             | 2035-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool G2 CM7497                    | CUSIP: 3617YTKJ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4308912 | PA      | $4287823.17   | 0.15%             | 2052-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                             | New York Life Global Funding 1.2%, Due 08/07/2030                          | CUSIP: 64952WDS9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1733148.04   | 0.06%             | 2030-08-07      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| RMF PROP ISS TR 2022-1                                                   | RMF Proprietary Issuance Trust Series 2022-1, Class M2                     | CUSIP: 74969XAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $907450.30    | 0.03%             | 2062-01-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| PECO Energy Co.                                                          | PECO Energy Company 3.00%, due 09/15/2049                                  | CUSIP: 693304AX5<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |    200000 | PA      | $134570.12    | 0.00%             | 2049-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corp Pool RE-6085                               | CUSIP: 3133N3XN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    761011 | PA      | $570448.62    | 0.02%             | 2051-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corporation                                       | American Honda Finance 4.25%, Due 09/01/2028                               | CUSIP: 02665WGK1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1724349.85   | 0.06%             | 2028-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| United States Treasury Bonds                                             | U.S. TREASURY INFLATION-PROTECTED NOTES 0.625%, DUE 02/15/2043             | CUSIP: 912810RA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33720720 | PA      | $25592186.00  | 0.87%             | 2043-02-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| ACM AUTO TRUST 2024-2                                                    | ACM Auto Trust Series 2024-2A, Class A                                     | CUSIP: 00461WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    316831 | PA      | $316634.97    | 0.01%             | 2029-02-20      | Fixed         | 6.06%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5037, Class PA               | CUSIP: 3137FXM47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   4492177 | PA      | $3472831.82   | 0.12%             | 2050-03-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Company LLC                                      | Oncor Electric Delivery Co. LLC 3.75%, Due 04/01/2045                      | CUSIP: 68233JBB9<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    490000 | PA      | $387137.93    | 0.01%             | 2045-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-205, Class CH         | CUSIP: 38383HAW9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   3242719 | PA      | $3217095.36   | 0.11%             | 2052-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5072, Class ME               | CUSIP: 3137F97M7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    770835 | PA      | $598564.92    | 0.02%             | 2051-01-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2002-86 Class PG              | CUSIP: 31392FWH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     29976 | PA      | $31001.83     | 0.00%             | 2032-12-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                           | Morgan Stanley 3.622% Due 04/01/2031                                       | CUSIP: 6174468P7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2425758.40   | 0.08%             | 2031-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| BREAN ASSET BACKED SECURITIES TRUST                                      | Brean Asset Backed Securities Series 2023-RM7, Class A2                    | CUSIP: 10638BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6039000 | PA      | $5844708.46   | 0.20%             | 2078-03-25      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                 | John Deere Capital Corporation 4.40%, Due 09/08/2031                       | CUSIP: 24422EXX2<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    900000 | PA      | $906117.52    | 0.03%             | 2031-09-08      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| RMF PRPTR ISSN TR 2022-3                                                 | RMF Proprietary Issuance Trust Series 2022-3, Class M1                     | CUSIP: 74970FAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4659907.50   | 0.16%             | 2062-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| State Street Corp.                                                       | State Street Corporation 4.164%, Due 08/04/2033                            | CUSIP: 857477BV4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292771.22    | 0.01%             | 2033-08-04      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 3740 Class FC                | CUSIP: 3137GAPS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     56663 | PA      | $56127.17     | 0.00%             | 2040-10-15      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2016-24 Class KI              | CUSIP: 3136ASED4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    202019 | PA      | $13064.27     | 0.00%             | 2035-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                           | Citigroup, Inc. 2.666%, due 01/29/2031                                     | CUSIP: 172967ML2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4537000 | PA      | $4217488.85   | 0.14%             | 2031-01-29      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Assocation Series 2023-67, Class LA              | CUSIP: 3136BQC23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   8560967 | PA      | $8799238.40   | 0.30%             | 2054-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST 2024-2                                                  | Unlock HEA Trust Series 24-2 Class A                                       | CUSIP: 91528AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4471634 | PA      | $4463500.81   | 0.15%             | 2039-10-25      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5249, Class PL               | CUSIP: 3137H8LS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2904186 | PA      | $2553751.82   | 0.09%             | 2052-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                      | Comcast Corporation 1.95%, Due 01/15/2031                                  | CUSIP: 20030NDM0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1354557.40   | 0.05%             | 2031-01-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| AMCR ABS TRUST 2023-1                                                    | AMCR ABS Trust Series 2023-1A, Class B                                     | CUSIP: 00178CAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1719838 | PA      | $1734905.69   | 0.06%             | 2031-01-21      | Fixed         | 8.70%                 | Yes           |                  2 | On Loan: No      |
| Dollar Tree Inc                                                          | Dollar Tree, Inc. 4.200%, Due 5/15/2028                                    | CUSIP: 256746AH1<br>LEI: 549300PMSTQITB1WHR43 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4089132.62   | 0.14%             | 2028-05-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| U.S. Treasury Security Stripped Interest Security                        | U. S. Treasury Strips 0.000%, Due 08/15/2034                               | CUSIP: 9128334Y3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $8257149.60   | 0.28%             | 2034-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ACRE Commercial Mortgage 2021-FL4 Ltd.                                   | Acre Mortgage Trust Series 2021-FL4, Class D                               | CUSIP: 00489TAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $980622.00    | 0.03%             | 2037-12-18      | Floating      | 7.35%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital America                                                  | Hyundai Capital America 4.75%, Due 09/26/2031                              | CUSIP: 44891ADH7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400773.08    | 0.01%             | 2031-09-26      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| American Electric Power Co, Inc.                                         | American Electric Power Inc. 1%, Due 11/01/2025                            | CUSIP: 025537AR2<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498457.65    | 0.02%             | 2025-11-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                      | Comcast Corporation 4.95%, Due 05/15/2032                                  | CUSIP: 20030NER8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    425000 | PA      | $435778.85    | 0.01%             | 2032-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Gnma Pass-Thru CS                                                        | Government National Mortgage Association Pool G2 CX4361                    | CUSIP: 3618FQZ21<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    333884 | PA      | $350925.78    | 0.01%             | 2053-11-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                       | Northwestern Mutual Global 5.16%, Due 05/28/2031                           | CUSIP: 66815L2S7<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   3245000 | PA      | $3367554.08   | 0.11%             | 2031-05-28      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte Ltd.                                   | Pfizer Incorporated 5.34%, Due 05/19/2063                                  | CUSIP: 716973AH5<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1708470.72   | 0.06%             | 2063-05-19      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association Series 19-42 Class DZ                | CUSIP: 3136B5WJ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1794209 | PA      | $1243921.77   | 0.04%             | 2049-08-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool MA9428                       | CUSIP: 36179YPM0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1343648 | PA      | $1388782.23   | 0.05%             | 2054-01-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Sofi Professional Loan Program 2020-A Trust                              | Social Professional Loan Program Series 2018-D Class BFX                   | CUSIP: 83401AAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $483312.15    | 0.02%             | 2048-02-25      | Fixed         | 4.14%                 | Yes           |                  2 | On Loan: No      |
| AMCR ABS TRUST 2024-A                                                    | AMCR ABS Trust Series 2024-A Class A                                       | CUSIP: 00178EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    328490 | PA      | $329657.33    | 0.01%             | 2031-08-18      | Fixed         | 6.26%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                                       | Met Life Global Financials 1.55%, Due 01/07/2031                           | CUSIP: 59217GGU7<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1702441.79   | 0.06%             | 2031-01-07      | Fixed         | 1.55%                 | Yes           |                  2 | On Loan: No      |
| LUMINACE ABS-2024 ISSUER LLC                                             | Luminace ABS-2022 Issuer, LLC Series 2024-1, Class B                       | CUSIP: 55026NAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3981637 | PA      | $3845627.27   | 0.13%             | 2031-10-30      | Fixed         | 6.96%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                             | U.S. Treasury Notes 3.875%, Due 11/30/2029                                 | CUSIP: 91282CFY2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17600000 | PA      | $17713437.46  | 0.60%             | 2029-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| Principal Life Global Funding II                                         | Principal Life Global Funding II 4.25%, Due 08/18/2028                     | CUSIP: 7425APAD7<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    925000 | PA      | $927115.46    | 0.03%             | 2028-08-18      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-136, Class PB         | CUSIP: 38383UPY0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1585000 | PA      | $1346294.09   | 0.05%             | 2052-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| College Avenue Student Loans 2018-A LLC                                  | College Avenue Student Loans Series 2018-A Class C                         | CUSIP: 19423DAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     31815 | PA      | $31327.96     | 0.00%             | 2047-12-26      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5085, Class TY               | CUSIP: 3137FXRB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1263612 | PA      | $736037.06    | 0.03%             | 2051-01-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2020-22 Class AY              | CUSIP: 3136B9GY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1254000 | PA      | $739193.75    | 0.03%             | 2050-04-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool MA5738M                      | CUSIP: 36179ULT7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    115452 | PA      | $115477.39    | 0.00%             | 2034-02-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4745, Class EZ               | CUSIP: 3137FDBX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   8613351 | PA      | $7540729.38   | 0.26%             | 2048-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                                      | COMM Mortgage Trust Series 2020-CX, Class B                                | CUSIP: 12656KAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7260000 | PA      | $6175737.88   | 0.21%             | 2046-11-10      | Fixed         | 2.45%                 | Yes           |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                | Toronto-Dominion Bank / The 5.523%, Due 07/17/2028                         | CUSIP: 89115A2U5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | US        |    500000 | PA      | $518977.94    | 0.02%             | 2028-07-17      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Lincoln Financial Global Funding                                         | Lincoln Financial Global Funding 4.625%, Due 08/18/2030                    | CUSIP: 53359KAC5<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |    850000 | PA      | $855124.04    | 0.03%             | 2030-08-18      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ALPHAFLOW TRANSITIONAL MORTGAGE TRU                                      | AlphaFlow Transitional Mortgage Company Series 2021-WL1, Class A1          | CUSIP: 02079YAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    357960 | PA      | $340564.97    | 0.01%             | 2026-01-25      | Variable      | 3.28%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2024-1                                              | Pagaya AI Debt Selection Trust Series 2024-1, Class A                      | CUSIP: 69548AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    492029 | PA      | $495256.51    | 0.02%             | 2031-07-15      | Fixed         | 6.66%                 | Yes           |                  2 | On Loan: No      |
| HTAP 2024-1                                                              | HTAP Trust Series 2024-1, Class B                                          | CUSIP: 40445NAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2630000 | PA      | $2574370.50   | 0.09%             | 2037-04-25      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| SUNNOVA HESTIA I 2023-GRIDI                                              | Sunnova Hestia I Issuer, LLC Series 2023-GRID1, Class 1A                   | CUSIP: 86746BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2243500 | PA      | $2263468.24   | 0.08%             | 2050-12-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                 | John Deere Capital Corporation 5.10%, Due 04/11/2034                       | CUSIP: 24422EXP9<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    750000 | PA      | $775979.87    | 0.03%             | 2034-04-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                        | PNC Financial Services 5.30%, Due 01/21/2028                               | CUSIP: 693475BV6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014821.69   | 0.03%             | 2028-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                 | Government National Mortgage Assoication Series 2020-97, Class ML          | CUSIP: 38382GWF5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1975000 | PA      | $1243278.10   | 0.04%             | 2050-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2021-58, Class NA          | CUSIP: 38382RGV4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    468360 | PA      | $363220.87    | 0.01%             | 2050-07-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Xilinx Inc.                                                              | Xilinx, Incorporated 2.375%, Due 06/01/2030                                | CUSIP: 983919AK7<br>LEI: 6EY4K7ZMF9UX1CU6KC79 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $1965414.31   | 0.07%             | 2030-06-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BREAN ASST BCK SEC TR 2022-RM3                                           | Brean Asset Backed Securities Series 2022-RM5, Class M2                    | CUSIP: 10637WAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2970598 | PA      | $2658947.01   | 0.09%             | 2062-09-25      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2024-SFR5 TR                                        | Progress Residential Trust Series 2024-SFR5, Class E1                      | CUSIP: 74332HAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2772424.20   | 0.09%             | 2029-08-09      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Fremf 2012 Kf01 Mortgage Trust                                           | FREMF Mortgage Trust Series 18-KF43 Class B                                | CUSIP: 30296DAG6<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    236208 | PA      | $228597.06    | 0.01%             | 2028-01-25      | Variable      | 6.62%                 | Yes           |                  2 | On Loan: No      |
| LHOME MTG TR 2025-RTL1                                                   | LHOME Mortgage Trust Series 2025-RTL1, Class A1                            | CUSIP: 50205UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8056050.40   | 0.27%             | 2040-01-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                                | Chase Mortgage Finance Corporation Series 21-CL1 Class M3                  | CUSIP: 46591HBZ2<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | ABS-O            | CORP              | US        |    569001 | PA      | $537401.70    | 0.02%             | 2050-02-25      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 22-49 Class GZ                | CUSIP: 3136BNA89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   5174664 | PA      | $4547722.26   | 0.15%             | 2052-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2021-C                                            | Oportun Funding LLC Series 2021-C, Class A                                 | CUSIP: 68377WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1010942 | PA      | $991872.62    | 0.03%             | 2031-10-08      | Fixed         | 2.18%                 | Yes           |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                   | United Airlines 5.45%, Due 02/15/2037                                      | CUSIP: 90932WAA1<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | ABS-O            | CORP              | US        |    868969 | PA      | $893839.74    | 0.03%             | 2037-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2016-38 Class ZP           | CUSIP: 38379VWQ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     83626 | PA      | $62612.33     | 0.00%             | 2046-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 5011, Class DB               | CUSIP: 3137FVSM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    262000 | PA      | $143540.24    | 0.00%             | 2050-09-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Hero Funding 2018-1                                                      | HERO Funding Trust Series 17-3A Class A2                                   | CUSIP: 42771AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    276440 | PA      | $259782.11    | 0.01%             | 2048-09-20      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                      | Nextera Energy Cap Holdings Inc 4.625%, Due 07/15/2027                     | CUSIP: 65339KCH1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1550042.40   | 0.05%             | 2027-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool AL6685                          | CUSIP: 3138EPNB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    438196 | PA      | $432186.06    | 0.01%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                   | Truist Financial Corporation 4.873%, Due 01/26/2029                        | CUSIP: 89788MAL6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507522.50    | 0.02%             | 2029-01-26      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                 | AT&T, Inc. 4.50%, Due 05/15/2035                                           | CUSIP: 00206RCP5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    700000 | PA      | $676362.42    | 0.02%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Sec tr II 2016-1                                            | Ondeck Asset Securitization Trust Series 2024-2A, Class B                  | CUSIP: 67108SAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1302412.28   | 0.04%             | 2031-10-17      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bancorp.                                                            | US Bancorp 5.083% Due 05/15/2031                                           | CUSIP: 91159HJV3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    875000 | PA      | $899785.88    | 0.03%             | 2031-05-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: —       |
| ACM AUTO TRUST 2025-2                                                    | ACM Auto Trust Series 2025-3A, Class B                                     | CUSIP: 00161UAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2600000 | PA      | $2529259.46   | 0.09%             | 2032-07-20      | Fixed         | 6.08%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 11-62 Class UA                | CUSIP: 31397U6D6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    610436 | PA      | $598115.69    | 0.02%             | 2041-07-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FedEx Corporation                                                        | Fedex Corporation 2.40%, Due 05/15/2031                                    | CUSIP: 31428XDH6<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    500000 | PA      | $449685.66    | 0.02%             | 2031-05-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: —       |
| Massmutual Global Funding II                                             | MassMutual Global Funding 5.15%, Due 05/30/2029                            | CUSIP: 57629W4T4<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   4350000 | PA      | $4483244.24   | 0.15%             | 2029-05-30      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool BM6530                          | CUSIP: 3140JBGH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    264019 | PA      | $239025.15    | 0.01%             | 2048-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4204, Class QZ               | CUSIP: 3137B1ZP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    721596 | PA      | $535681.87    | 0.02%             | 2043-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2019-152, Class LC         | CUSIP: 38382BF81<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2752470 | PA      | $2561978.84   | 0.09%             | 2049-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool G2 CQ3549                    | CUSIP: 3618A55J8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    220234 | PA      | $193117.29    | 0.01%             | 2062-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2007-39 Class NB              | CUSIP: 31396VSS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     65654 | PA      | $64765.98     | 0.00%             | 2037-05-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Association Series 306 Class F3                 | CUSIP: 31283APR5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     11957 | PA      | $11946.45     | 0.00%             | 2028-05-15      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| British Telecommunications PLC                                           | British Telecommunications PLC 3.25%, Due 11/08/2029                       | CUSIP: 11102AAE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | US        |    275000 | PA      | $263509.85    | 0.01%             | 2029-11-08      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2024-28, Class GM          | CUSIP: 38384JBH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   4864697 | PA      | $5084753.50   | 0.17%             | 2054-02-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                | Toyota Motor Credit Corporation 5.55%, Due 11/20/2030                      | CUSIP: 89236TLE3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    800000 | PA      | $846894.46    | 0.03%             | 2030-11-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AGORACAPITAL AUTO SECURITIES TR 202                                      | AgoraCapital Auto Securities Trust Series 2025-1A, Class A                 | CUSIP: 008483AA7<br>LEI: 5493004UROJFQSP6RC85 | Long             | ABS-O            | CORP              | US        |   4810341 | PA      | $4823505.25   | 0.16%             | 2032-11-25      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Series 2023-171, Class BZ          | CUSIP: 38384FDJ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   4174795 | PA      | $4370648.06   | 0.15%             | 2053-11-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool AN6149                          | CUSIP: 3138LJZP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    750000 | PA      | $700615.02    | 0.02%             | 2032-07-01      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 2025-MN10, Class M2          | CUSIP: 35563UAB4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |   1550000 | PA      | $1546687.50   | 0.05%             | 2045-02-25      | Floating      | 7.20%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                   | Federal Home Loan Mortgage Corp Series 5297 Class DB                       | CUSIP: 3137H9RM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1239531 | PA      | $1152305.20   | 0.04%             | 2053-03-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                       | Dell International LLC / EMC Corporation 5.0%, Due 04/01/2030              | CUSIP: 24703TAM8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    425000 | PA      | $435328.16    | 0.01%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| ASCENT CAREER FUNDING TRUST 2024-1                                       | Ascent Career Funding Trust Series 2024-1A, Class A                        | CUSIP: 04363LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2034014 | PA      | $2047921.76   | 0.07%             | 2032-10-25      | Fixed         | 6.77%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                   | Federal Home Loan Mortgage Corporation Series 4738, Class TW               | CUSIP: 3137FC6F6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1476000 | PA      | $1375121.45   | 0.05%             | 2046-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2006-108 Class FD             | CUSIP: 31396LTA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     60957 | PA      | $60441.30     | 0.00%             | 2036-11-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                      | Brean Asset Backed Securities Series 2023-RM7, Class M1                    | CUSIP: 10638BAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3249380 | PA      | $3028991.42   | 0.10%             | 2078-03-25      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 447 Class YZ                 | CUSIP: 3137BHBU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    883262 | PA      | $853791.95    | 0.03%             | 2043-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 3617-PC                      | CUSIP: 31398LJH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     55171 | PA      | $55298.11     | 0.00%             | 2039-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2024-127, Class VQ         | CUSIP: 38384UTH2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   6012122 | PA      | $6076745.44   | 0.21%             | 2035-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                   | Diamondback Energy, Inc 3.25% Due 12/01/2026                               | CUSIP: 25278XAM1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197887.94    | 0.01%             | 2026-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MF1 2022-FL10 LLC                                                        | MF1 Multifamily Housing Mortgage Trust Series 2022-FL10, Class B           | CUSIP: 55285BAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3001398.00   | 0.10%             | 2037-09-17      | Floating      | 7.87%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC FINANCE ISSUANCE TRUST 202                                      | Republic Finance Issuance Trust Series 2024-A, Class C                     | CUSIP: 76041RAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1795268.30   | 0.06%             | 2032-08-20      | Fixed         | 8.35%                 | Yes           |                  2 | On Loan: No      |
| Principal Life Global Funding II                                         | Principal Life Global Fund II 0.875%, Due 01/12/2026                       | CUSIP: 74256LEK1<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494912.37    | 0.02%             | 2026-01-12      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| ACHM TRUST 2025-HE1                                                      | Achieve Mortgage Series 2025-HE1, Class A                                  | CUSIP: 00449SAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4923161 | PA      | $5005075.17   | 0.17%             | 2055-03-25      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                           | Wells Fargo Mortgage Trust Series 21-SAVE Class C                          | CUSIP: 95003LAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    580000 | PA      | $581244.86    | 0.02%             | 2040-02-15      | Floating      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-115, Class VL         | CUSIP: 38384CH28<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   3159882 | PA      | $3274234.65   | 0.11%             | 2034-06-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2013-13, Class WH             | CUSIP: 3136ACD73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1087000 | PA      | $902698.28    | 0.03%             | 2043-03-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Assocation Strip SMBS 368                        | CUSIP: 3136FCJ56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    257398 | PA      | $31334.47     | 0.00%             | 2036-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                      | US Bank Credit-Linked Notes Series 2025-SUP2, Class D                      | CUSIP: 90355PAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2702725.11   | 0.09%             | 2023-09-27      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Nyt Mortgage Trust                                                       | NYT Mortgage Trust Series 2019-NYT, Class D                                | CUSIP: 62954PAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3850000 | PA      | $3674797.28   | 0.12%             | 2035-12-15      | Floating      | 6.66%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN BK8466                       | CUSIP: 3140HNMQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1016653 | PA      | $940178.13    | 0.03%             | 2050-12-01      | Variable      | 2.24%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4422 Class DO                | CUSIP: 3137BFJ36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    627202 | PA      | $492508.89    | 0.02%             | 2041-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool CA8249                          | CUSIP: 3140QGEX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7112734 | PA      | $5491112.75   | 0.19%             | 2050-12-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2021-43, Class CJ             | CUSIP: 3136BH5Z8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2970516 | PA      | $2218269.39   | 0.08%             | 2051-07-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                             | U.S. Treasury Bonds 1.375%, Due 11/15/2040                                 | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  45000000 | PA      | $29358984.60  | 1.00%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                  | Federal Home Loan Mortgage Corp Series 5155 Class MG                       | CUSIP: 3137H36W7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |    880517 | PA      | $740373.05    | 0.03%             | 2051-10-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                  | Hyundai Capital America 5.40%, Due 06/24/2031                              | CUSIP: 44891ADD6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    850000 | PA      | $875492.28    | 0.03%             | 2031-06-24      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| OCWEN LOAN INVESTMENT TRUST 2023-HB                                      | Ocwen Loan Investment Trust Series 2023-HB1, Class M2                      | CUSIP: 67578KAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2947451.70   | 0.10%             | 2036-06-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                     | JPMorgan Chase & Co Sr 3.25%, Due 09/22/2027                               | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1315966.59   | 0.04%             | 2027-09-22      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4776, Class CZ               | CUSIP: 3137F4MJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   9141639 | PA      | $8681252.22   | 0.30%             | 2048-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST 2025-5                                      | Pagaya AI Debt Selection Trust Series 25-5 Class B                         | CUSIP: 69548WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7775000 | PA      | $7837017.29   | 0.27%             | 2033-03-15      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2021-121, Class JW         | CUSIP: 38382VMD8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1708699 | PA      | $962941.59    | 0.03%             | 2051-07-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool GN 784541                    | CUSIP: 3622A3BJ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     76338 | PA      | $76271.65     | 0.00%             | 2046-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2018-71, Class PZ             | CUSIP: 3136B2H47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |  15590009 | PA      | $14793575.06  | 0.50%             | 2048-09-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DK TRUST 2025-LXP                                                        | DK Trust Series 2025-LXP, Class D                                          | CUSIP: 23292LAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1650000 | PA      | $1652062.50   | 0.06%             | 2037-08-15      | Floating      | 7.24%                 | Yes           |                  2 | On Loan: No      |
| MERCURY FINANCIAL CREDITCARD                                             | Mercury Financial Credit Card Master Trust Series 2024-2A, Class B         | CUSIP: 58940BBB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5057740.50   | 0.17%             | 2029-07-20      | Fixed         | 7.43%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2017-120, Class JZ         | CUSIP: 38380GSU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    723800 | PA      | $611987.97    | 0.02%             | 2047-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Express Corporation                                              | Fedex 1.875%, Due 08/20/2035                                               | CUSIP: 314353AA1<br>LEI: 2138002VCAKQQ63C7C03 | Long             | ABS-O            | CORP              | US        |   2744458 | PA      | $2375023.17   | 0.08%             | 2035-08-20      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                     | JP Morgan Chase & Company 2.739%, Due 10/15/2030                           | CUSIP: 46647PBE5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1747139.87   | 0.06%             | 2030-10-15      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC                                                  | Duke Energy Florida LLC 6.20%, Due 11/15/2053                              | CUSIP: 26444HAR2<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1092861.07   | 0.04%             | 2053-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Commonwealth Edison Company                                              | Commonwealth Edison Company 5.30%, Due 06/01/2034                          | CUSIP: 202795JZ4<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |    900000 | PA      | $939378.36    | 0.03%             | 2034-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fresb Mortgage Trust                                                     | FRESB Multifamily Mortgage Pass-Through Trust Series 2018-SB57, Class A10F | CUSIP: 30308LAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2099520 | PA      | $2067373.89   | 0.07%             | 2028-07-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST 2024-1                                                  | Unlock HEA Trust Series 24-1 Class A                                       | CUSIP: 91530QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8443627 | PA      | $8464386.43   | 0.29%             | 2039-04-25      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Comerica Incorporated                                                    | Comerica Incorporated 5.982%, Due 01/30/2030                               | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2965842.07   | 0.10%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: —       |
| OCWEN LN INVESTMNT TR2024-HB1                                            | Ocwen Loan Investment Trust Series 2024-HB1, Class M3                      | CUSIP: 675952AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3343145.40   | 0.11%             | 2037-02-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| RMF PROP ISS TR 2022-1                                                   | RMF Proprietary Issuance Trust Series 2022-1, Class A1                     | CUSIP: 74969XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1970741 | PA      | $1879128.27   | 0.06%             | 2062-01-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corp Series 5038 Class QP                       | CUSIP: 3137FXPA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   8138392 | PA      | $5925226.13   | 0.20%             | 2050-10-25      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Pool #RE6080                        | CUSIP: 3133N3XH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4353613 | PA      | $3263459.77   | 0.11%             | 2050-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Principal Only                      | CUSIP: 31398LQS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    181392 | PA      | $155533.71    | 0.01%             | 2037-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massmutual Global Funding II                                             | MassMutual Global Funding 5.05%, Due 08/26/2035                            | CUSIP: 57629TBZ9<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505719.64    | 0.02%             | 2035-08-26      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bancorp.                                                            | US Bancorp 4.839%, Due 02/01/2034                                          | CUSIP: 91159HJL5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004378.68   | 0.03%             | 2034-02-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: —       |
| Protective Life Global Funding                                           | Protective Life Global Funding 5.432%, Due 01/14/2032                      | CUSIP: 74368CCB8<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $4058098.43   | 0.14%             | 2032-01-14      | Fixed         | 5.43%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Lan Mortgage Corporation Series 4183 Class NQ                 | CUSIP: 3137B0EF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2920000 | PA      | $2689614.34   | 0.09%             | 2043-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Association 3.0%, Due 11/15/2044                | CUSIP: 3137BFBQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1020410 | PA      | $876347.70    | 0.03%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                                       | Atmos Energy Corporation 5.90%, Due 11/15/2033                             | CUSIP: 049560AZ8<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    850000 | PA      | $921741.86    | 0.03%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Bxmt 2020-Fl2 Ltd.                                                       | BXMT Ltd. Series 2020-FL2, Class D                                         | CUSIP: 12434LAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3134000 | PA      | $3066036.08   | 0.10%             | 2038-02-15      | Floating      | 6.68%                 | Yes           |                  2 | On Loan: No      |
| College Avenue Student Loans 2021-A Llc                                  | College Ave Student Loans Series 21-A Class B                              | CUSIP: 19424KAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    296018 | PA      | $275236.45    | 0.01%             | 2051-07-25      | Fixed         | 2.32%                 | Yes           |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                | Toyota Motor Credit Corporation 4.55%, Due 05/17/2030                      | CUSIP: 89236TKU8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1472969.84   | 0.05%             | 2030-05-17      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                | Goldman Sachs Group, Inc. 1.093%, Due 12/09/2026                           | CUSIP: 38141GXM1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    950000 | PA      | $944048.69    | 0.03%             | 2026-12-09      | Fixed         | 1.09%                 | No            |                  2 | On Loan: No      |
| Rmf Buyout Issuance Tr 2018                                              | RMF Buyout Issuance Trust Series 2020-HB1, Class M1                        | CUSIP: 76971EAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1290430.35   | 0.04%             | 2050-10-25      | Variable      | 2.62%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2020-61, Class DB             | CUSIP: 3136BBG55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   4425012 | PA      | $3296927.92   | 0.11%             | 2060-09-25      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                        | Wells Fargo & Company 5.244%, Due 01/24/2031                               | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    875000 | PA      | $905281.82    | 0.03%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2021-97, Class PA          | CUSIP: 38382VJX8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1957471 | PA      | $1517326.21   | 0.05%             | 2051-06-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                     | Royal Bank of Canada 4.522%, Due 10/18/2028                                | CUSIP: 78017FZS5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | US        |    900000 | PA      | $907446.00    | 0.03%             | 2028-10-18      | Fixed         | 4.52%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                 | Government National Mortgage Association 4.50%, Due 08/20/2049             | CUSIP: 3622AAF90<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    358805 | PA      | $337935.67    | 0.01%             | 2049-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                      | Brean Asset Backed Securities Trust Series 2025-RM12, Class A2             | CUSIP: 10638KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6675000 | PA      | $6295332.01   | 0.21%             | 2065-07-25      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Association Series 4968, Class NP               | CUSIP: 3137FRYR6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1313065 | PA      | $1392971.70   | 0.05%             | 2050-04-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 226 Class PO                 | CUSIP: 3128HVBU2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     67211 | PA      | $57874.88     | 0.00%             | 2034-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOODLEAP SUSTAINABLE HOME SOLUTIONS                                      | GoodLeap Sustainable Home Improvement Loan Trust Series 2024-1GS, Class A  | CUSIP: 38237BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2217148 | PA      | $2154145.52   | 0.07%             | 2057-06-20      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BREAN ASST BCK SEC TR 2022-RM3                                           | Brean Asset Backed Securities Series 2022-RM5, Class A                     | CUSIP: 10637WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4393594 | PA      | $4309473.44   | 0.15%             | 2062-09-25      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                          | CVS Health Corporateion 3.75%, Due 04/01/2030                              | CUSIP: 126650DJ6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $484354.40    | 0.02%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corp Series 4892 Class PZ                       | CUSIP: 3137FMSZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1450729 | PA      | $962741.60    | 0.03%             | 2049-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST                                            | Life Financial Services Trust Series 2021-BMR, Class E                     | CUSIP: 53218CAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1064700 | PA      | $1055383.88   | 0.04%             | 2038-03-15      | Floating      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Series 2019-42, Class AB           | CUSIP: 38381TE84<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   6086078 | PA      | $5469820.40   | 0.19%             | 2049-04-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                                          | Home Depot Incorporated 4.95%, Due 06/25/2034                              | CUSIP: 437076DE9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    750000 | PA      | $767982.05    | 0.03%             | 2034-06-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association Series 2021-66, Class NP             | CUSIP: 3136BJQA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3383040 | PA      | $2517181.23   | 0.09%             | 2051-10-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2011-34, Class MB          | CUSIP: 38377UPB8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1838604 | PA      | $1768965.64   | 0.06%             | 2041-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LHOME MTG TR 2024-RTL1                                                   | LHOME Mortgage Trust Series 2024-RTL1, Class M                             | CUSIP: 50205DAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2032184.80   | 0.07%             | 2029-01-25      | Fixed         | 11.95%                | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2024-127, Class VC         | CUSIP: 38384USD2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2187479 | PA      | $2227838.60   | 0.08%             | 2033-11-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation SERIES 4911 CLASS JM                | CUSIP: 3137FNFP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1000000 | PA      | $779317.40    | 0.03%             | 2049-09-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2013-2                               | Exeter Automobile Receivables Trust Series 2021-2A, Class D                | CUSIP: 30165XAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2835724 | PA      | $2808529.32   | 0.10%             | 2027-04-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| NALP BUSINESS LOAN TRUST 2024-1                                          | Newtek Alternative Loan Program Series 2024-1, Class B                     | CUSIP: 629863AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2896770 | PA      | $2933794.65   | 0.10%             | 2049-12-27      | Fixed         | 7.71%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2013-89 Class DI              | CUSIP: 3136AFY32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    638398 | PA      | $43715.93     | 0.00%             | 2033-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INTOWN MTG TR 2025-STAY                                                  | INTOWN Mortgage Trust Series 2025-STAY, Class D                            | CUSIP: 46117WAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3150000 | PA      | $3146062.50   | 0.11%             | 2042-03-15      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Pool FH 2B7995                      | CUSIP: 31326N3C3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3503141 | PA      | $3268842.48   | 0.11%             | 2050-10-01      | Variable      | 2.52%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                                          | Home Depot Incorporated 4.20%, Due 04/01/2043                              | CUSIP: 437076BA9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $958760.66    | 0.03%             | 2043-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Assoication Series 2004-91, Clas SP              | CUSIP: 31394BZM9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     83976 | PA      | $90120.92     | 0.00%             | 2031-10-25      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4395, Class JZ               | CUSIP: 3137BEW59<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3315922 | PA      | $2764962.47   | 0.09%             | 2052-12-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Rentas Fdo Inv Inm                                                       | Renew Financial, LLC Series 2017-1A Class B                                | CUSIP: 75973LAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      2236 | PA      | $2221.43      | 0.00%             | 2052-09-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| American Honda Finance Corporation                                       | American Honda Finance 4.90%, Due 01/10/2034                               | CUSIP: 02665WEZ0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    400000 | PA      | $402972.19    | 0.01%             | 2034-01-10      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool 711522X                      | CUSIP: 36297GPF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    189567 | PA      | $191742.87    | 0.01%             | 2040-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2009-2 Class PA            | CUSIP: 38375Y3L4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     27150 | PA      | $27124.58     | 0.00%             | 2038-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                             | U.S. Treasury Notes 2.25%, Due 08/15/2027                                  | CUSIP: 9128282R0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1950390.62   | 0.07%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Assocation Series 2018-69, Class PZ              | CUSIP: 3136B2XT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1605522 | PA      | $1456875.69   | 0.05%             | 2048-09-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2016-32 Class GO              | CUSIP: 3136ASTT3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     11453 | PA      | $4786.40      | 0.00%             | 2043-01-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                 | AT&T, Inc. 2.55%, Due 12/01/2033                                           | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    114000 | PA      | $97072.05     | 0.00%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2025-A                                            | Oportun Funding, LLC Series 2025-A, Class C                                | CUSIP: 68377TAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3840000 | PA      | $3845622.14   | 0.13%             | 2033-02-08      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal National Mortgage Association Series 22-4 Class QM                 | CUSIP: 3136BLXF2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1602020 | PA      | $1056327.45   | 0.04%             | 2048-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                           | Citigroup, Inc. 2.976%, due 11/05/2030                                     | CUSIP: 17308CC53<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3380000 | PA      | $3199648.30   | 0.11%             | 2030-11-05      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                    | Bank Of America Corporation 4.571%, Due 04/27/2033                         | CUSIP: 06051GKQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1699648.63   | 0.06%             | 2033-04-27      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2024-2                                              | Pagaya AI Debt Selection Trust Series 24-2 Class C                         | CUSIP: 694961AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2060527 | PA      | $2080912.14   | 0.07%             | 2031-08-15      | Fixed         | 7.57%                 | Yes           |                  2 | On Loan: No      |
| Rmf Buyout Issuance Tr 2018                                              | RMF Buyout Issuance Trust Series 2021-HB1, Class M4                        | CUSIP: 74969TAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4750494.50   | 0.16%             | 2031-11-25      | Variable      | 4.70%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                     | JPMorgan Chase &Co. 3.702%, Due 05/06/2030                                 | CUSIP: 46647PBD7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1474199.66   | 0.05%             | 2030-05-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Jackson National Life Global Funding                                     | Jackson National Life Global Funding 5.55%, Due 07/02/2027                 | CUSIP: 46849LVA6<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2247751.15   | 0.08%             | 2027-07-02      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Bxmt 2020-Fl2 Ltd.                                                       | BXMT Ltd. Series 2020-FL2, Class B                                         | CUSIP: 12434LAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2240000 | PA      | $2228860.48   | 0.08%             | 2038-02-15      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Sofi Professional Loan Program 2020-A Trust                              | Social Professional Loan Program Series 2019-B, Class BFX                  | CUSIP: 83404WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $703292.03    | 0.02%             | 2048-08-17      | Fixed         | 3.73%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2022-200, Class SC         | CUSIP: 38383LPF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   4531369 | PA      | $5010159.09   | 0.17%             | 2052-11-20      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Capital One, National Association                                        | Discover Bank 3.45%, Due 07/27/2026                                        | CUSIP: 25466AAJ0<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1491022.34   | 0.05%             | 2026-07-27      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 4613 Class AF                | CUSIP: 3137BRZK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    232153 | PA      | $231991.35    | 0.01%             | 2037-11-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                               | Occidental Petroleum Corporation 3.0%, Due 02/15/2027                      | CUSIP: 674599CM5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1442857.54   | 0.05%             | 2027-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MOSAIC SOLAR LOAN TRUST 2025-1                                           | Mosaic Solar Loans LLC Series 2025-1A, Class A                             | CUSIP: 61945HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2170388 | PA      | $2150382.34   | 0.07%             | 2050-08-22      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| RMF PRPTR ISSN TR 2022-3                                                 | RMF Proprietary Issuance Trust Series 2022-3, Class A                      | CUSIP: 74970FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4890345 | PA      | $4771117.65   | 0.16%             | 2062-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| VLS COMMERCIAL MORTGAGE TRUST 2020-                                      | VLS Commercial Mortgage Trust Series 2020-LAB, Class A                     | CUSIP: 92858TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9060000 | PA      | $7742919.71   | 0.26%             | 2042-10-10      | Fixed         | 2.13%                 | Yes           |                  2 | On Loan: No      |
| PFP 2024-11 LTD /LLC                                                     | PFP III Series 2024-11, Class D                                            | CUSIP: 69291WAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2465525.00   | 0.08%             | 2039-09-17      | Floating      | 8.31%                 | Yes           |                  2 | On Loan: No      |
| Rmf Buyout Issuance Tr 2018                                              | RMF Buyout Issuance Trust Series 2020-HB1, Class AB                        | CUSIP: 76971EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3038721 | PA      | $2840475.29   | 0.10%             | 2050-10-25      | Variable      | 1.74%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                  | Federal Home Loan Mortgage Corporation Series 5146, Class ZW               | CUSIP: 3137H2GU2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   1707822 | PA      | $849486.16    | 0.03%             | 2051-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-4, Class BZ           | CUSIP: 38383VKL1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1764765 | PA      | $1660034.50   | 0.06%             | 2053-01-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2012-40, Class GY             | CUSIP: 3136A5BK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    767560 | PA      | $743158.46    | 0.03%             | 2042-04-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                             | Oracle Corporation 2.875%, Due 03/25/2031                                  | CUSIP: 68389XCE3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    500000 | PA      | $459118.23    | 0.02%             | 2031-03-25      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2008-60 Class JC              | CUSIP: 31397LJ34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    107231 | PA      | $109374.07    | 0.00%             | 2038-07-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool FN0035                          | CUSIP: 3138NJBD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5508621 | PA      | $5146929.02   | 0.18%             | 2032-12-01      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                              | Abbvie, Inc. 4.55%, Due 03/15/2035                                         | CUSIP: 00287YCY3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98439.98     | 0.00%             | 2035-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2018-46, Class CZ          | CUSIP: 38380V4J7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  12540729 | PA      | $11063664.16  | 0.38%             | 2048-03-20      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| POINT SECURITIZATION TRUST 2025-1                                        | Point Securitization Trust Series 2025-1, Class A1                         | CUSIP: 73072DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2824463 | PA      | $2824889.52   | 0.10%             | 2055-06-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| General Motors Company                                                   | General Motors Company 5.40%, Due 10/15/2029                               | CUSIP: 37045VAY6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1161963.88   | 0.04%             | 2029-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                 | Government National Mortgage Association Pool G2 DJ1126                    | CUSIP: 3618KMHB4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  27377852 | PA      | $28078208.58  | 0.95%             | 2065-04-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II                                         | Principal Life Global Funding 5.0%, Due 01/16/2027                         | CUSIP: 74256LEX3<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505615.00    | 0.02%             | 2027-01-16      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: —       |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                   | Federal Home Loan Mortgage Corporation Series 5210, Class BZ               | CUSIP: 3137H6WD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   9064220 | PA      | $6242161.88   | 0.21%             | 2052-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Federal National Mortgage Association Series 2018-091 Class VL             | CUSIP: 38380XUD7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    836455 | PA      | $814256.74    | 0.03%             | 2029-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Pool #7120                           | CUSIP: 3138WU4E0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    232558 | PA      | $227481.62    | 0.01%             | 2033-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes 2016-FL1 Ltd.                  | Arbor Realty Collateralized Loan Obligation Ltd. Series 2021-FL3, Class AS | CUSIP: 03880KAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2557000 | PA      | $2556189.43   | 0.09%             | 2034-08-15      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2018-154, Class ZU         | CUSIP: 38381AUR5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    566222 | PA      | $473223.22    | 0.02%             | 2048-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| College Avenue Student Loans 2018-A LLC                                  | College Avenue Student Loans Series 2018-A Class B                         | CUSIP: 19423DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37457 | PA      | $37086.59     | 0.00%             | 2047-12-26      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                            | Ford Motor Credit Company, LLC 6.80%, Due 05/12/2028                       | CUSIP: 345397C92<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2077164.88   | 0.07%             | 2028-05-12      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| STELLAR JAY US LLC 2021-1                                                | Stellar Jay Ireland Dac Series 2021-1, Class B                             | CUSIP: 858558AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    333773 | PA      | $334466.60    | 0.01%             | 2041-10-15      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                         | SMB Private Education Loan Trust Series 2018-C Class B                     | CUSIP: 78449QAD9<br>LEI: 549300V1P5RKG8RJI005 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $195678.00    | 0.01%             | 2042-11-17      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| BAMLL Commercial Mortgage Securities Trust 2016-Ashf                     | Banc of America Merrill Lynch Large Loan Series 2020-BOC, Class B          | CUSIP: 05551JAE0<br>LEI: 549300MWBLMUUG6B8094 | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $3749996.70   | 0.13%             | 2032-01-15      | Fixed         | 2.83%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                | Goldman Sachs Group, Inc. 2.615%, Due 04/22/2032                           | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   9175000 | PA      | $8323736.44   | 0.28%             | 2032-04-22      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                       | Northwestern Mutual Global 5.07%, Due 03/25/2027                           | CUSIP: 66815L2R9<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3046832.28   | 0.10%             | 2027-03-25      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                  | Federal Home Loan Mortgage Corporation Series 5149, Class CA               | CUSIP: 3137H2RX4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   1049335 | PA      | $750825.11    | 0.03%             | 2043-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PROGRESS RES TR 2021-SFR5                                                | Progress Residential Trust Series 21-SFR5 Class E                          | CUSIP: 74333FAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2443257.50   | 0.08%             | 2038-07-17      | Fixed         | 2.21%                 | Yes           |                  2 | On Loan: No      |
| Alphabet Inc.                                                            | Alphabet Inc 5.30% Due 05/15/2065                                          | CUSIP: 02079KAN7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    430000 | PA      | $427863.91    | 0.01%             | 2065-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-AIRC                                                 | BX Trust Series 2024-AIRC, Class D                                         | CUSIP: 12433CAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7770420 | PA      | $7789804.37   | 0.26%             | 2039-08-15      | Floating      | 7.24%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2015-123 Class VB          | CUSIP: 38379QDD4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    157224 | PA      | $156482.09    | 0.01%             | 2035-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                               | Amgen, Inc. 5.60%, Due 03/02/2043                                          | CUSIP: 031162DS6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    425000 | PA      | $430632.24    | 0.01%             | 2043-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                                           | US Bank Credit-Linked Notes Series 2025-SUP2, Class B1                     | CUSIP: 90355PAB2<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |   3800000 | PA      | $3795291.80   | 0.13%             | 2032-09-25      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | FEDERAL NATIONAL MORTGAGE ASSOC. Series 18-31 Class KQ                     | CUSIP: 3136B1YE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    600000 | PA      | $544338.36    | 0.02%             | 2048-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                         | Federal National Mortgage Association Pool BS0602                          | CUSIP: 3140LAU45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12186000 | PA      | $10720789.36  | 0.36%             | 2031-01-01      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                           | Morgan Stanley 5.23%, Due 001/15/2031                                      | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    875000 | PA      | $903131.03    | 0.03%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                  | American Airlines Passthrough Trust Series 2016-2 Class AA                 | CUSIP: 023765AA8<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | ABS-O            | CORP              | US        |    273150 | PA      | $264463.67    | 0.01%             | 2029-12-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corporation                                             | FMC GMSR Issuer Trust Series 2021-GT2                                      | CUSIP: 30259RAK1<br>LEI: 549300LYRWPSYPK6S325 | Long             | ABS-O            | CORP              | US        |   3900000 | PA      | $3754030.41   | 0.13%             | 2026-10-25      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| Loanpal Solar Loan 2021-2 Ltd.                                           | Loanpal Solar Loan Ltd. Series 21-1GS Class B                              | CUSIP: 53948PAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    626627 | PA      | $486753.16    | 0.02%             | 2048-01-20      | Fixed         | 2.84%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RES TR 2023                                                     | Progress Residential Trust Series 2023-SFR2, Class E1                      | CUSIP: 74331GAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1958737.40   | 0.07%             | 2040-10-17      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2025-SFR1 TRUS                                      | Progress Residential Trust Series 25-SFR1 Class D                          | CUSIP: 74334NAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4204353.15   | 0.14%             | 2042-02-17      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Assocation Series 2019-85, Class MC           | CUSIP: 38381XPL4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    748550 | PA      | $671618.20    | 0.02%             | 2049-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OPORTUN FUNDING TR 2024-3                                                | Opportun Funding, LLC Series 2024-3, Class C                               | CUSIP: 68377NAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1725000 | PA      | $1736872.66   | 0.06%             | 2029-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| The Kroger Co.                                                           | KROGER COMPANY (THE) 3.50% , DUE 02/01/2026                                | CUSIP: 501044DC2<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1245803.34   | 0.04%             | 2026-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KeyBank National Association                                             | Key Bank NA 5.00%, Due 01/26/2033                                          | CUSIP: 49327M3H5<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   5900000 | PA      | $5938014.05   | 0.20%             | 2033-01-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                             | Oracle Corporation 3.60%, Due 04/01/2040                                   | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   7275000 | PA      | $5842852.08   | 0.20%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corp Series 5028 Class PW                       | CUSIP: 3137FWSQ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    684000 | PA      | $406669.81    | 0.01%             | 2050-10-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BAMLL Commercial Mortgage Securities Trust 2016-Ashf                     | Banc of America Merrill Lynch Large Loan Inc. Series 2016-SS1, Class A     | CUSIP: 05525JAA1<br>LEI: 549300MWBLMUUG6B8094 | Long             | ABS-O            | CORP              | US        |   5950000 | PA      | $5604146.73   | 0.19%             | 2035-12-15      | Fixed         | 3.67%                 | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST 2024-RTL2                                           | LHOME Mortgage Trust Series 2024-RTL2, Class A2                            | CUSIP: 50205JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1515533.85   | 0.05%             | 2029-03-25      | Fixed         | 9.54%                 | Yes           |                  2 | On Loan: No      |
| KeyCorp                                                                  | Keycorp Bank 4.789%, Due 06/01/2033                                        | CUSIP: 49326EEN9<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298984.82    | 0.01%             | 2033-06-01      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                        | U.S. Treasury Strips 0.000%, Due 02/15/2038                                | CUSIP: 912833Z60<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40000000 | PA      | $22857839.20  | 0.78%             | 2038-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                             | U.S. Treasury Notes 4%, DUE 02/15/2034                                     | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60000000 | PA      | $59842968.60  | 2.03%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Protective Life Global Funding                                           | Protective Life Global Funding 1.90%, Due 07/06/2028                       | CUSIP: 74368CBG8<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    650000 | PA      | $611600.96    | 0.02%             | 2028-07-06      | Fixed         | 1.90%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2020-50, Class A              | CUSIP: 3136BAZX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   6243612 | PA      | $5258069.51   | 0.18%             | 2050-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHF TRUST 2021-2                                                         | First Help Financial LLC Series 21-2A Class A                              | CUSIP: 30322JAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3945635 | PA      | $3939979.43   | 0.13%             | 2027-09-15      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                    | Federal National Mortgage Association Series 2020-15, Class KY             | CUSIP: 3136B8M63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2077414 | PA      | $1478873.22   | 0.05%             | 2050-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Association Pool FG G61909                      | CUSIP: 31335CDN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    212011 | PA      | $212250.64    | 0.01%             | 2037-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2023-70, Class BZ          | CUSIP: 38384ADW0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   5212109 | PA      | $5407337.21   | 0.18%             | 2053-01-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pricoa Global Funding I                                                  | Pricoa Global Funding I 5.35%, Due 05/28/2035                              | CUSIP: 74153WCX5<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1399503.69   | 0.05%             | 2035-05-28      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: —       |
| The Kroger Co.                                                           | Kroger Company (The) 2.650% Due 10/15/2026                                 | CUSIP: 501044DE8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98607.63     | 0.00%             | 2026-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CFMT 2024-HB13 LLC                                                       | Cascade Funding Mortgage Trust Series 2024-HB13, Class M3                  | CUSIP: 12530VAD7<br>LEI: 984500D67D63D8645054 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1895322.40   | 0.06%             | 2034-05-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Capital One, National Association                                        | Discover Bank 4.65%, due 09/13/2028                                        | CUSIP: 25466AAP6<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |   1683000 | PA      | $1703196.86   | 0.06%             | 2028-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| HTAP 2024-2                                                              | HTAP Trust Series 2024-2, Class A                                          | CUSIP: 40444WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10201330 | PA      | $10172708.43  | 0.35%             | 2042-04-25      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ACRE Commercial Mortgage 2021-FL4 Ltd.                                   | Acre Mortgage Trust Series 2021-FL4, Class C                               | CUSIP: 00489TAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1850000 | PA      | $1819008.80   | 0.06%             | 2037-12-18      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                         | Federal Home Loan Mortgage Corporation Series 3605 Class PB                | CUSIP: 31398KP95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     42475 | PA      | $42637.17     | 0.00%             | 2039-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 2011-139 Class LS          | CUSIP: 38377YS43<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1704118 | PA      | $87431.45     | 0.00%             | 2038-03-16      | Floating      | 0.53%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                                       | Atmos Energy Corporation 4.125%, Due 03/15/2049                            | CUSIP: 049560AQ8<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    885000 | PA      | $725352.59    | 0.02%             | 2049-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Duke Energy Ohio Inc.                                                    | Duke Energy Ohio, Inc. 5.25%, Due 04/01/2033                               | CUSIP: 26442EAJ9<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258917.38    | 0.01%             | 2033-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ERP Operating Limited Partnership                                        | ERP Operating, L.P. 2.850%, Due 11/01/2026                                 | CUSIP: 26884ABF9<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98730.35     | 0.00%             | 2026-11-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| MOSAIC SOLAR LOAN TRUST 2023-1                                           | Mosaic Solar Loans, LLC Series 2023-1A, Class A                            | CUSIP: 61945VAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2863811 | PA      | $2730109.50   | 0.09%             | 2053-06-20      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Coterra Energy Inc                                                       | Coterra Energy, Inc. 3.90%, Due 05/15/2027                                 | CUSIP: 127097AG8<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99343.05     | 0.00%             | 2027-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes 2016-FL1 Ltd.                  | Arbor Realty Collateralized Loan Obligation Ltd. Series 2025-BTR1, Class C | CUSIP: 03881UAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $3998012.00   | 0.14%             | 2041-01-18      | Variable      | 8.03%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association Series 13-6 Class PE              | CUSIP: 38378FHY9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    169000 | PA      | $133978.33    | 0.00%             | 2043-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                  | Hyundai Capital America 5.25%, Due 01/08/2027                              | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    400000 | PA      | $404279.85    | 0.01%             | 2027-01-08      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA POINT OF SALE HOLDINGS GRANTOR TRUST 2025-1                       | Pagaya Point of Sale Holdings Series 25-1 Class A                          | CUSIP: 694952AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5564401.15   | 0.19%             | 2034-01-20      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Hero Funding 2016-4                                                      | Hero Funding Trust Series 2016-4A Class A1                                 | CUSIP: 40417QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     81691 | PA      | $77096.32     | 0.00%             | 2047-09-20      | Fixed         | 3.57%                 | Yes           |                  2 | On Loan: No      |
| CAFL ISSUER LLC 2021-RTL1                                                | CoreVest American Finance Limited Series 2021-RTL1, Class A2               | CUSIP: 12468RAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    166456 | PA      | $166456.42    | 0.01%             | 2029-03-28      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Diamond Hill Funds

**Signature:** Julie Roach

**Name of Signer:** Julie Roach

**Title:** Treasurer