# EDGAR Filing Document

**Accession Number:** 0001655589
**File Stem:** 0000940400-26-020736
**Filing Date:** 2026-5
**Character Count:** 130605
**Document Hash:** 7dff8437b4c709a7caae3b5aa84f6f89
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020736.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020736

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Templeton ETF Trust
- **CENTRAL INDEX KEY:** 0001655589

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23124
- **FILM NUMBER:** 261008670

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403

## Series and Classes Contracts Data

### Franklin Multisector Income ETF (Series ID: S000094328)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000262830 | Franklin Multisector Income ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Templeton ETF Trust

- **b. Investment Company Act file number:** 811-23124

- **c. CIK number of Registrant:** 0001655589

- **d. LEI of Registrant:** 549300UHXVPT5S43XV04

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin Multisector Income ETF

- **b. EDGAR series identifier (if any):** S000094328

- **c. LEI of Series:** 2549003DCL3IS180MU79

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

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

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $18560337.54

**Total Liabilities:** $3492709.82

**Net Assets:** $15067627.72

**Delayed Delivery Securities:** $25000.00

**Stand-by Commitments:** $2884722.17

**Cash Not Reported:** $65562.36

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 11.52248000 | **1-Year:** 1757.84571000 | **5-Year:** 10256.75296000 | **10-Year:** 525.89230000 | **30-Year:** 132.82294000

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

- **3-Month:** 6.95493000 | **1-Year:** 495.32117000 | **5-Year:** 1149.24000000 | **10-Year:** 158.91080000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000262830 | 0.32%                | 0.99%                | -1.23%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4545.52                 | $-7495.32                                  |
| Month 2  | $15249.46                | $30390.77                                  |
| Month 3  | $-2875.35                | $-200712.36                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Viper Energy Partners LLC                                                            | VNOM 4.9 08/01/30                   | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19022.99     | 0.13%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2020-47 ID                      | CUSIP: 3136BAR55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    281024 | PA      | $61760.52     | 0.41%             | 2050-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RHP Hotel Properties LP / RHP Finance Corporation                                    | RHP 6.5 04/01/32 144A               | CUSIP: 749571AK1<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61130.46     | 0.41%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VRTX TRUST 2025-HQ                                                                   | VRTX 2025-HQ C                      | CUSIP: 91835XAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     31000 | PA      | $30953.66     | 0.21%             | 2042-08-07      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Kellanova                                                                            | K 7.45 04/01/31 B                   | CUSIP: 487836AT5<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | DBT              | CORP              | US        |     33000 | PA      | $37223.82     | 0.25%             | 2031-04-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                             | AXP V5.098 02/16/28                 | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19105.92     | 0.13%             | 2028-02-16      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust 2015-GC30                                               | GSMS 2015-GC30 B                    | CUSIP: 36250GAU9<br>LEI: 549300L45M7638EL0H21 | Long             | ABS-O            | CORP              | US        |     22896 | PA      | $22283.74     | 0.15%             | 2050-05-12      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| CFCRE 2016-C6 Mortgage Trust                                                         | CFCRE 2016-C6 B                     | CUSIP: 12532ABB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24000 | PA      | $22890.67     | 0.15%             | 2049-11-15      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 4.1 02/15/31                  | CUSIP: 02079KBK2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19865.36     | 0.13%             | 2031-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST 2016-JP3                                  | JPMCC 2016-JP3 AS                   | CUSIP: 46590RAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $24275.63     | 0.16%             | 2049-08-17      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc                                                                  | GPN 2.15 01/15/27                   | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18659.58     | 0.12%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 4.9 09/01/29                    | CUSIP: 22822VBF7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18105.46     | 0.12%             | 2029-09-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                                                                    | BRO 4.9 06/23/30                    | CUSIP: 115236AK7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18987.40     | 0.13%             | 2030-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                    | INTC 2.45 11/15/29                  | CUSIP: 458140BH2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18586.96     | 0.12%             | 2029-11-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                                                              | NXST 6.5 09/15/33 144A              | CUSIP: 65346UAB5<br>LEI: 52990083ZRR5UT591988 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15123.36     | 0.10%             | 2033-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Nasdaq Inc                                                                           | NDAQ 5.35 06/28/28                  | CUSIP: 63111XAH4<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13271.93     | 0.09%             | 2028-06-28      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Cipher Compute LLC                                                                   | CIFR 7.125 11/15/30 144A            | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10372.79     | 0.07%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MITER BRANDS ACQUISITION HOLDCO INC                                                  | MIWIDO 6.75 04/01/32 144A           | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $52710.80     | 0.35%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                                    | CMPDC 2025-2A A1                    | CUSIP: 20469CAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     88000 | PA      | $86735.44     | 0.58%             | 2050-11-28      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.75 04/15/29                  | CUSIP: 11135FBA8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     38000 | PA      | $38434.51     | 0.26%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 2.1 03/22/28                     | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     39000 | PA      | $37462.67     | 0.25%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| PVH Corp.                                                                            | PVH 5.5 06/13/30                    | CUSIP: 693656AE0<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19148.48     | 0.13%             | 2030-06-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                            | IRS USD                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-74300.68    | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Co Inc.                                                    | HLT 5.75 09/15/33 144A              | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64757.88     | 0.43%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 4.6 03/01/28 144A              | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19122.11     | 0.13%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                                              | RSG 5 11/15/29                      | CUSIP: 760759BJ8<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36789.67     | 0.24%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST 2014-C21                                             | WFRBS 2014-C21 B                    | CUSIP: 92939FAX7<br>LEI: 5493000F7E2NMQ4HIO61 | Long             | ABS-O            | CORP              | US        |     10029 | PA      | $9892.66      | 0.07%             | 2047-08-16      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 6.75 09/27/34 MTNA              | CUSIP: 91086QAS7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    110000 | PA      | $117062.00    | 0.78%             | 2034-09-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PRA Group Inc.                                                                       | PRAA 8.875 01/31/30 144A            | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60622.02     | 0.40%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| QXO INC                                                                              | BECN 6.75 04/30/32 144A             | CUSIP: 74825NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $61251.96     | 0.41%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae (Ze)                                                                      | GNR 2025-214 KI                     | CUSIP: 38385KS76<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    270354 | PA      | $56950.57     | 0.38%             | 2055-12-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nexstar Media Inc.                                                                   | NXST 4.75 11/01/28 144A             | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63961.01     | 0.42%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                    | LPLA 6.75 11/17/28                  | CUSIP: 50212YAH7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18869.35     | 0.13%             | 2028-11-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2016-Lc24                                      | WFCM 2016-LC24 AS                   | CUSIP: 95000HBH4<br>LEI: 5493007OD9MH69ES1S63 | Long             | ABS-O            | CORP              | US        |     39000 | PA      | $38388.69     | 0.25%             | 2049-10-18      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                       | CUSIP: 21H042646<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     60000 | PA      | $57972.82     | 0.38%             | 2056-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                     | NRG 6.25 11/01/34 144A              | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60527.23     | 0.40%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ghana (Republic of)                                                                  | GHANA 5 07/03/35 144A               | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     70000 | PA      | $59879.89     | 0.40%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank Of America Merrill Lynch Commercial Mortgage Trust 2016-Ubs10                   | BACM 2015-UBS7 B                    | CUSIP: 06054ABC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8150 | PA      | $8071.30      | 0.05%             | 2048-09-17      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2015-GC33                                        | CGCMT 2015-GC33 C                   | CUSIP: 29425AAH6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     26000 | PA      | $22665.50     | 0.15%             | 2058-09-12      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                                           | AMT 3.55 07/15/27                   | CUSIP: 03027XAP5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     38000 | PA      | $37602.76     | 0.25%             | 2027-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                | ROMANI 7.125 01/17/33 144A          | CUSIP: 77586RAR1<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    150000 | PA      | $157047.59    | 1.04%             | 2033-01-17      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 2013-C9                           | MSBAM 2013-C9 B                     | CUSIP: 61762DAZ4<br>LEI: 549300PFVBG5704L7K74 | Long             | ABS-O            | CORP              | US        |     18257 | PA      | $17439.22     | 0.12%             | 2046-05-17      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                                   | BX 2025-ARIA C                      | CUSIP: 05619TAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23000 | PA      | $22955.74     | 0.15%             | 2042-12-15      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| El Salvador (Republic of)                                                            | ELSALV 7.65 06/15/35 144a           | CUSIP: 283875AN2<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     40000 | PA      | $39213.20     | 0.26%             | 2035-06-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                 | CCL 5.75 08/01/32 144A              | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     65000 | PA      | $65060.11     | 0.43%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 4.3 07/15/29 144A               | CUSIP: 92840VAE2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     38000 | PA      | $37363.76     | 0.25%             | 2029-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                      | TDG 6.75 01/31/34 144a              | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60831.30     | 0.40%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                             | WCC 6.625 03/15/32 144A             | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61486.80     | 0.41%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation                               | MPW 8.5 02/15/32 144a               | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60876.12     | 0.40%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V3.194 07/23/30 MTN             | CUSIP: 06051GHV4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     39000 | PA      | $37410.29     | 0.25%             | 2030-07-23      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Illumina Inc                                                                         | ILMN 4.65 09/09/26                  | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19004.54     | 0.13%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                            | SUN 5.625 07/15/34 144A             | CUSIP: 86765KAN9<br>LEI: 5493006LL0CKP8WQW329 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9853.96      | 0.07%             | 2034-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                         | THC 6.125 06/15/30                  | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60465.12     | 0.40%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                                                 | NOVHOL 6.75 04/15/32 144A           | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56840.02     | 0.38%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Inc                                                               | SPR 4.6 06/15/28                    | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40039.32     | 0.27%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE LTD                                              | STX 5.875 07/15/30 144A             | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     60000 | PA      | $61026.60     | 0.41%             | 2030-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2024-95 KF                      | CUSIP: 3136BTS53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     92238 | PA      | $92818.70     | 0.62%             | 2054-12-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                             | JANEST 6.75 05/01/33 144A           | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60916.68     | 0.40%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                                                              | KGS 5.875 04/01/31 144A             | CUSIP: 50012LAF1<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15083.59     | 0.10%             | 2031-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                            | IRS USD                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-144.18      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BMO 2025-5C11 MORTGAGE TRUST                                                         | BMO 2025-5C11 AS                    | CUSIP: 096941AF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     22000 | PA      | $22639.59     | 0.15%             | 2058-07-17      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 5.5 06/01/27 *                   | CUSIP: 29278NAN3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18170.57     | 0.12%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CrossCountry Intermediate HoldCo LLC                                                 | CROSIN 6.5 10/01/30 144A            | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4771.94      | 0.03%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2024-NQM1                                                         | ADMT 2024-NQM1 A2                   | CUSIP: 00039GAB5<br>LEI: 984500E3BD374F778L95 | Long             | ABS-O            | CORP              | US        |     60129 | PA      | $60369.74     | 0.40%             | 2069-02-25      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHIP VII LTD                                                    | VIKCRU 5.625 02/15/29 144A          | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     65000 | PA      | $64936.91     | 0.43%             | 2029-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Dick's Sporting Goods, Inc.                                                          | DKS 4 10/01/29 144A                 | CUSIP: 253393AH5<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34070.20     | 0.23%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Comm 2014-Ccre17 Mortgage Trust                                                      | COMM 2014-CR17 B                    | CUSIP: 12631DBE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     22561 | PA      | $22353.08     | 0.15%             | 2047-05-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FRONERI U 08/31/ 07/16/32                                                            | FRONERI U 08/31/ 07/16/32           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     32199 | PA      | $31637.98     | 0.21%             | 2032-09-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Ubs Commercial Mortgage Trust 2019-C17                                               | UBSCM 2019-C17 XA                   | CUSIP: 90278MBB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    902773 | PA      | $36866.98     | 0.24%             | 2052-10-18      | Variable      | 1.44%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 2015-C21                          | MSBAM 2015-C21 B                    | CUSIP: 61764XBM6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25985 | PA      | $25464.51     | 0.17%             | 2048-03-17      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.8 03/15/29                   | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37599.48     | 0.25%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Waste Pro USA Inc                                                                    | WASPRO 7 02/01/33 144A              | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60825.06     | 0.40%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Bulgaria (Republic Of)                                                               | BGARIA 5 03/05/37 13Y               | CUSIP: 000000000<br>LEI: 529900PG0XCL4LICL838 | Long             | DBT              | NUSS              | BG        |     90000 | PA      | $87034.74     | 0.58%             | 2037-03-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kinetik Holdings LP                                                                  | KNTK 5.875 06/15/30 144A            | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60255.84     | 0.40%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 4.1 02/15/28                      | CUSIP: 00206RGL0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18912.69     | 0.13%             | 2028-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.603 10/22/30                 | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     38000 | PA      | $38088.10     | 0.25%             | 2030-10-22      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5493 FK                         | CUSIP: 3137HHWV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     66483 | PA      | $67009.26     | 0.44%             | 2055-01-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| VRTX TRUST 2025-HQ                                                                   | VRTX 2025-HQ D                      | CUSIP: 91835XAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23000 | PA      | $23147.77     | 0.15%             | 2042-08-07      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Insulet Corporation                                                                  | PODD 6.5 04/01/33 144A              | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61286.22     | 0.41%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                | FNR 2020-77 HI                      | CUSIP: 3136BCVU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    304373 | PA      | $62118.84     | 0.41%             | 2050-11-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust 2019-GC42                                               | GSMS 2019-GC42 A2                   | CUSIP: 36257UAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37738 | PA      | $36235.54     | 0.24%             | 2052-09-12      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                                                                    | BRO 4.7 06/23/28                    | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19059.02     | 0.13%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                 | CCL 4 08/01/28 144A                 | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     38000 | PA      | $37121.74     | 0.25%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| El Salvador (Republic of)                                                            | ELSALV 8.625 02/28/29 REGS          | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     30000 | PA      | $31319.70     | 0.21%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 4.25 03/13/31                  | CUSIP: 023135DD5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14892.83     | 0.10%             | 2031-03-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 1.875 02/28/31                  | CUSIP: 126650DQ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4366.91      | 0.03%             | 2031-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5.15 03/02/28                  | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37558.61     | 0.25%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                           | CUSIP: 01F042640<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    460000 | PA      | $444010.42    | 2.95%             | 2056-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ipalco Enterprises Inc.                                                              | AES 4.25 05/01/30                   | CUSIP: 462613AP5<br>LEI: 5493000YFVK2DZX0JV43 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18316.03     | 0.12%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Turkey (Republic of)                                                                 | TURKEY 11.875 01/15/30 30Y          | CUSIP: 900123AL4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    140000 | PA      | $166195.37    | 1.10%             | 2030-01-15      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                           | CUSIP: 01F032641<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     80000 | PA      | $73350.27     | 0.49%             | 2056-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MSCI Inc.                                                                            | MSCI 3.625 09/01/30 144A            | CUSIP: 55354GAK6<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18913.63     | 0.13%             | 2030-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| 7-Eleven Inc.                                                                        | SVELEV 1.3 02/10/28 144A            | CUSIP: 817826AD2<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37747.34     | 0.25%             | 2028-02-10      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 2.95 02/01/30                    | CUSIP: 097023CN3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37656.00     | 0.25%             | 2030-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                           | CUSIP: 01F052649<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    930000 | PA      | $934428.81    | 6.20%             | 2056-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                     | NRG 6 01/15/36 144A                 | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9915.02      | 0.07%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                     | CHTR 4.75 02/01/32 144A             | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $63347.34     | 0.42%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2022-213 IH                     | CUSIP: 38383LC57<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    128457 | PA      | $25007.70     | 0.17%             | 2052-12-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Big River Steel LLC / BRS Finance Corp                                               | BIGBRS 6.625 01/31/29 144A          | CUSIP: 08949LAB6<br>LEI: 549300FDOTXSG1N4RG27 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64902.88     | 0.43%             | 2029-01-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 6.298 05/01/29                   | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    106000 | PA      | $111312.45    | 0.74%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 02/28/30                        | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1398000 | PA      | $1403406.33   | 9.31%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                           | RCICN 5 02/15/29                    | CUSIP: 775109DE8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |     37000 | PA      | $37386.64     | 0.25%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cd 2016-Cd1 Mortgage Trust                                                           | CD 2016-CD1 A4                      | CUSIP: 12514MBC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24000 | PA      | $23658.26     | 0.16%             | 2049-08-12      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                                | ATH 5.349 07/09/27 144A             | CUSIP: 04685A3X7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37217.78     | 0.25%             | 2027-07-09      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                         | PEMEX 6.7 02/16/32                  | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    130000 | PA      | $127336.34    | 0.85%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2025-5C37                                                       | BBCMS 2025-5C37 AS                  | CUSIP: 05494NAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37000 | PA      | $37508.35     | 0.25%             | 2058-09-17      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| UKG Inc.                                                                             | ULTI 6.875 02/01/31 144A            | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58690.23     | 0.39%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Firstcash Inc                                                                        | FCFS 6.875 03/01/32 144A            | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61228.08     | 0.41%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                                                  | KMI 5 02/01/29                      | CUSIP: 494553AD2<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18274.30     | 0.12%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sirius Xm Radio LLC                                                                  | SIRI 3.875 09/01/31 144A            | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     70000 | PA      | $63618.01     | 0.42%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Avient Corporation                                                                   | AVNT 6.25 11/01/31 144A             | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60469.44     | 0.40%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| McCormick & Company, Incorporated                                                    | MKC 4.15 02/15/29                   | CUSIP: 579780AV9<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4952.44      | 0.03%             | 2029-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B17 MORTGAGE TRUST                                                    | BMARK 2020-B17 A2                   | CUSIP: 08162MAV0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     26964 | PA      | $25616.69     | 0.17%             | 2053-03-17      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| COMM 2017-COR2 MORTGAGE TRUST                                                        | COMM 2017-COR2 C                    | CUSIP: 12595EAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $23756.35     | 0.16%             | 2050-09-12      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                    | LPLA 5.2 03/15/30                   | CUSIP: 50212YAL8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18140.81     | 0.12%             | 2030-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                               | MSI 2.3 11/15/30                    | CUSIP: 620076BT5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |     21000 | PA      | $18943.29     | 0.13%             | 2030-11-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                            | TRS IBXXLLTR INDEX                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-12539.24    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| News Corporation                                                                     | NWSA 5.125 02/15/32 144A            | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18585.07     | 0.12%             | 2032-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Wayfair LLC                                                                          | W 7.75 09/15/30 144A                | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62514.42     | 0.41%             | 2030-09-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| COMM 2018-COR3 MORTGAGE TRUST                                                        | COMM 2018-COR3 AM                   | CUSIP: 12595VAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     32000 | PA      | $29967.62     | 0.20%             | 2051-05-12      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| Cf 2019-Cf3 Mortgage Trust                                                           | CF 2019-CF3 A2                      | CUSIP: 12529TAU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7779 | PA      | $7413.47      | 0.05%             | 2053-01-17      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                                                               | ALK 5.021 10/20/29 144A             | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     37000 | PA      | $36639.82     | 0.24%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST 2016-JP2                                  | JPMCC 2016-JP2 AS                   | CUSIP: 46590MAV2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17000 | PA      | $16644.59     | 0.11%             | 2049-08-17      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings Inc.                                                                  | ADVGRO 6.75 08/01/32 144A           | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60051.89     | 0.40%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TreeHouse Foods, Inc.                                                                | THS 7.75 02/11/33 144A              | CUSIP: 456142AA6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5056.26      | 0.03%             | 2033-02-11      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                       | CUSIP: 21H052645<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    300000 | PA      | $301957.50    | 2.00%             | 2056-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 4 03/27/27 144A              | CUSIP: 378272AN8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18920.97     | 0.13%             | 2027-03-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                           | BA 3.75 02/01/50                    | CUSIP: 097023CQ6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     90000 | PA      | $63887.01     | 0.42%             | 2050-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 2.25 01/15/29                  | CUSIP: 161175CD4<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18696.36     | 0.12%             | 2029-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc.                                                  | CCO 7.5 03/15/33 144A               | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     65000 | PA      | $68883.30     | 0.46%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2024-49 AF                      | CUSIP: 3136BS2J3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     56048 | PA      | $56382.37     | 0.37%             | 2054-07-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| AES Corp.                                                                            | AES 5.45 06/01/28                   | CUSIP: 00130HCH6<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18168.86     | 0.12%             | 2028-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Cordoba (Province Of)                                                                | PDCAR 8.6 02/03/35 144A             | CUSIP: 74408DAG9<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |     10000 | PA      | $9562.50      | 0.06%             | 2035-02-03      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| GABX Leasing LLC                                                                     | GATX 4.625 04/15/31 144A            | CUSIP: 36274FAA7<br>LEI: 25490085PXP0WGRIRI44 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14791.61     | 0.10%             | 2031-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO 2021-2 LTD                                                        | ROCKT 2021-2A A2R                   | CUSIP: 77341LAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300153.38    | 1.99%             | 2034-07-20      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 5016 PI                         | CUSIP: 3137FVVS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    388809 | PA      | $67318.62     | 0.45%             | 2050-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                         | AVOL 4.9 10/10/30 144A              | CUSIP: 05401ABA8<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     19000 | PA      | $18877.28     | 0.13%             | 2030-10-10      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                                                        | UVN 9.375 08/01/32 144A             | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61881.61     | 0.41%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                                                              | NXST 7.25 04/15/34 144A             | CUSIP: 65346UAA7<br>LEI: 52990083ZRR5UT591988 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15060.55     | 0.10%             | 2034-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.654 10/18/30                  | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     38000 | PA      | $37991.15     | 0.25%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.125 03/15/31                 | CUSIP: 00287YEE5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9857.07      | 0.07%             | 2031-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 4.35 04/15/31                  | CUSIP: 87612GAT8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4896.31      | 0.03%             | 2031-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I L.P/Hilcorp Finance Co                                              | HILCRP 8.375 11/01/33 144A          | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62644.62     | 0.42%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                                                        | STACR 2022-HQA1 B2                  | CUSIP: 35564KUL1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    104000 | PA      | $112292.32    | 0.75%             | 2042-03-25      | Floating      | 14.66%                | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust 2014-C25                                  | JPMBB 2014-C25 AS                   | CUSIP: 46643PBJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $29197.50     | 0.19%             | 2047-11-18      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Rain Carbon Inc                                                                      | RCOLIN 12.25 09/01/29 144A          | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5150.50      | 0.03%             | 2029-09-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.574 07/25/29 MTN             | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36830.99     | 0.24%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST 2014-GC18                                               | GSMS 2014-GC24 B                    | CUSIP: 36253GAK8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9646 | PA      | $9340.41      | 0.06%             | 2047-09-12      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C8 MORTGAGE TRUST                                                          | BMO 2024-5C8 AS                     | CUSIP: 09661XAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37000 | PA      | $38095.00     | 0.25%             | 2057-12-17      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                         | SO 5.5 03/15/29                     | CUSIP: 842587DS3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     36000 | PA      | $37099.29     | 0.25%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 4.7 01/31/31 144A               | CUSIP: 92840VAY8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9844.64      | 0.07%             | 2031-01-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 4.125 06/15/29                  | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18741.61     | 0.12%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                                      | CDS CDX.NA.IG.46.V1                 | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $10804.16     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Oak-Eagle AcquireCo Inc.                                                             | EA 8.75 07/01/34 144A               | CUSIP: 67124CAB9<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5237.73      | 0.03%             | 2034-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education Inc.                                                           | MHED 7.375 09/01/31 144A            | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61290.42     | 0.41%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                                      | TMHC 5.125 08/01/30 144A            | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44687.31     | 0.30%             | 2030-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WULF Compute LLC                                                                     | WULF 7.75 10/15/30 144A             | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10573.15     | 0.07%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2024-1                                          | DRMT 2024-1 A1                      | CUSIP: 24380QAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     96279 | PA      | $97085.35     | 0.64%             | 2069-07-25      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Institutional Fidu                                                                   | Institutional Fidu US GOVT MNY MRKT | CUSIP: 457756500<br>LEI: 549300DHQLI8W1JIXY85 | Long             | STIV             | RF                | US        |    604556 | NS      | $604556.29    | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United Air Lines, Inc.                                                               | UAL 4.625 04/15/29 144A             | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9817.79      | 0.07%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Viatris Inc                                                                          | VTRS 2.3 06/22/27                   | CUSIP: 92556VAC0<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19398.76     | 0.13%             | 2027-06-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                  | ALLY 2.2 11/02/28                   | CUSIP: 02005NBP4<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18838.41     | 0.13%             | 2028-11-02      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Benchmark 2026-V21 Mortgage Trust                                                    | BMARK 2026-V21 AS                   | CUSIP: 08164HBB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25314.77     | 0.17%             | 2059-03-17      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Gallagher Aj &Co                                                                     | AJG 4.85 12/15/29                   | CUSIP: 04316JAL3<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18203.14     | 0.12%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                                         | HESM 4.25 02/15/30 144A             | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $43264.23     | 0.29%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SF ABS ISSUER LLC                                                                    | SFARM 2025-1A A2                    | CUSIP: 784193AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38000 | PA      | $37262.15     | 0.25%             | 2055-11-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2025-DNA3                                              | STACR 2025-DNA3 M1                  | CUSIP: 35564UAR8<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-O            | USGSE             | US        |     16107 | PA      | $16106.75     | 0.11%             | 2045-09-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                                                      | SBGI 8.125 02/15/33 144A            | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66137.50     | 0.44%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP                                                                 | GFLCN 6.625 04/01/32 144A           | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $61822.57     | 0.41%             | 2032-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Jefferson Capital Holdings LLC                                                       | JEFCAP 8.25 05/15/30 144A           | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62594.64     | 0.42%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc.                                                                   | IRM 6.25 01/15/33 144A              | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59856.14     | 0.40%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc.                                                                          | ZTS 3 09/12/27                      | CUSIP: 98978VAL7<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |     38000 | PA      | $37371.14     | 0.25%             | 2027-09-12      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CIFC FUNDING 2022-IV LTD                                                             | CIFC 2022-4A BR                     | CUSIP: 12567WAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $296996.55    | 1.97%             | 2035-07-16      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| FRONERI U 08/31/ 07/16/32                                                            | FRONERI U 08/31/ 07/16/32           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     18734 | PA      | $18407.55     | 0.12%             | 2032-09-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2016-42 IO                      | CUSIP: 38379V6K5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    467566 | PA      | $90186.00     | 0.60%             | 2046-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc                     | ALIANT 7.375 10/01/32 144A          | CUSIP: 01883LAH6<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59502.07     | 0.39%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS INC                                                            | ENDP 8.5 04/15/31 144A              | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62870.94     | 0.42%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BANK5 2025-5YR17                                                                     | BANK5 2025-5YR17 AS                 | CUSIP: 06211GAP1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19000 | PA      | $19408.39     | 0.13%             | 2058-11-18      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R01                                         | CAS 2021-R01 1B2                    | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     70000 | PA      | $71461.69     | 0.47%             | 2041-10-25      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| Asurion LLC / Asurion Co-Issuer Inc.                                                 | ASUCOR 8 12/31/32 144A              | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15574.32     | 0.10%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                                       | HPE 4.55 10/15/29                   | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18910.41     | 0.13%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                           | CUSIP: 01F050643<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |   -330000 | PA      | $-325499.14   | -2.16%            | 2056-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                     | CYH 5.25 05/15/30 144A              | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66018.56     | 0.44%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST 2026-1                                                 | LBZZ 2026-1A C                      | CUSIP: 525952AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28191 | PA      | $28295.16     | 0.19%             | 2031-09-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| COMM 2014-UBS2 MORTGAGE TRUST                                                        | COMM 2014-CR14 C                    | CUSIP: 12630DBD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23000 | PA      | $22553.61     | 0.15%             | 2047-02-12      | Variable      | 3.13%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                      | FHR 5158 IV                         | CUSIP: 3137H3YE6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    530400 | PA      | $110190.28    | 0.73%             | 2049-01-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                                                        | ICE 4 09/15/27                      | CUSIP: 45866FAU8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18922.23     | 0.13%             | 2027-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                                    | ES 5.45 03/01/28                    | CUSIP: 30040WAT5<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18298.00     | 0.12%             | 2028-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2016-BNK2                                             | MSC 2016-BNK2 A4                    | CUSIP: 61690YBU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23000 | PA      | $22656.13     | 0.15%             | 2049-11-18      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                        | OMF 7.125 11/15/31                  | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59500.30     | 0.39%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| NORTHWOOD CAPITAL 25 LIMITED                                                         | WOODS 2021-25A B1R                  | CUSIP: 668468AN1<br>LEI: 254900UXEMW3RG9T8D39 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300304.20    | 1.99%             | 2034-07-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Wayfair LLC                                                                          | W 6.75 11/15/32 144A                | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15125.88     | 0.10%             | 2032-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                                                  | CPGX 5.927 08/15/30 144A            | CUSIP: 19828TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     18000 | PA      | $18846.95     | 0.13%             | 2030-08-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                                                              | KGS 6.5 10/01/33 144A               | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5057.46      | 0.03%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                                                                     | AMCR 1.65 01/15/27                  | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18606.75     | 0.12%             | 2027-01-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Comm 2014-Ccre17 Mortgage Trust                                                      | COMM 2014-CR17 C                    | CUSIP: 12631DBG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $28356.56     | 0.19%             | 2047-05-10      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5537 FC                         | CUSIP: 3137HLBG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    105587 | PA      | $106453.06    | 0.71%             | 2055-05-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                           | CUSIP: 01F062648<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     90000 | PA      | $93119.40     | 0.62%             | 2056-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                              | VENLNG 9.875 02/01/32 144A          | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     60000 | PA      | $64468.68     | 0.43%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                                                    | MCAIRH 6.4 03/26/29 144A            | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     37000 | PA      | $38348.61     | 0.25%             | 2029-03-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Limited                                                   | FFHCN 4.85 04/17/28                 | CUSIP: 303901BB7<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |     19000 | PA      | $19085.80     | 0.13%             | 2028-04-17      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| US Foods Inc                                                                         | USFOOD 4.625 06/01/30 144A          | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43853.19     | 0.29%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Philippines (Republic Of)                                                            | PHILIP 9.5 02/02/30                 | CUSIP: 718286AY3<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    120000 | PA      | $140741.08    | 0.93%             | 2030-02-02      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                           | CUSIP: 01F022642<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    160000 | PA      | $134550.00    | 0.89%             | 2056-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TTM Technologies Inc                                                                 | TTMI 4 03/01/29 144A                | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62478.60     | 0.41%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jpmbb Commercial Mortgage Securities Trust 2013-C12                                  | JPMBB 2014-C18 C                    | CUSIP: 46641JBC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $19549.63     | 0.13%             | 2047-02-15      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| Oak-Eagle AcquireCo Inc.                                                             | EA 7.25 07/01/33 144A               | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5183.72      | 0.03%             | 2033-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2021-213 PI                     | CUSIP: 38383FMG5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    201821 | PA      | $44120.13     | 0.29%             | 2050-04-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Concentra Health Services Inc.                                                       | CONCEN 6.875 07/15/32 144A          | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62106.84     | 0.41%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                   | RPRX 2.2 09/02/30                   | CUSIP: 78081BAK9<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     37000 | PA      | $33335.07     | 0.22%             | 2030-09-02      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                                   | VICI 3.75 02/15/27 144A             | CUSIP: 92564RAD7<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     38000 | PA      | $37720.12     | 0.25%             | 2027-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Novelis Corporation                                                                  | HNDLIN 6.375 08/15/33 144A          | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63810.35     | 0.42%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                       | ECOPET 6.875 04/29/30               | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    140000 | PA      | $140236.46    | 0.93%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.542 09/19/30                   | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     38000 | PA      | $37876.08     | 0.25%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Honeywell Aerospace Inc.                                                             | HONA 4.3 03/16/31 144A              | CUSIP: 43849RAE5<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19790.37     | 0.13%             | 2031-03-16      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Cogent Communications Group LLC / Cogent Finance Inc.                                | CCOI 6.5 07/01/32 144A              | CUSIP: 19240WAB5<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |     65000 | PA      | $56747.56     | 0.38%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                         | AVOL 5.75 11/15/29 144A             | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     18000 | PA      | $18448.96     | 0.12%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 4839 WS                         | CUSIP: 3137FJK99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    206413 | PA      | $28018.74     | 0.19%             | 2056-08-15      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.1 01/15/29                    | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18631.70     | 0.12%             | 2029-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| ESAB Corp.                                                                           | ESAB 5.625 04/01/31 144A            | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15142.65     | 0.10%             | 2031-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Watco Companies, L.L.C. / Watco Finance Corp.                                        | WATCOS 7.125 08/01/32 144A          | CUSIP: 941130AD8<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61679.70     | 0.41%             | 2032-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-5C6                                       | WFCM 2025-5C6 XA                    | CUSIP: 95004TAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    999773 | PA      | $52968.68     | 0.35%             | 2058-10-18      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc                                                                 | HWM 3 01/15/29                      | CUSIP: 443201AB4<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |     39000 | PA      | $37633.02     | 0.25%             | 2029-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                                  | CEG 5.6 03/01/28                    | CUSIP: 210385AB6<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18409.51     | 0.12%             | 2028-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ATI Inc                                                                              | ATI 5.125 10/01/31                  | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64281.74     | 0.43%             | 2031-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Outfront Media Capital LLC / Outfront Media Capital Corp                             | OUT 4.625 03/15/30 144A             | CUSIP: 69007TAC8<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62752.69     | 0.42%             | 2030-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Bunge Ltd Finance Corp.                                                              | BG 3.2 04/21/31                     | CUSIP: 120568BN9<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18678.02     | 0.12%             | 2031-04-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| COMM 2012-CCRE4 MORTGAGE TRUST                                                       | COMM 2012-CR4 AM                    | CUSIP: 12624QAT0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24000 | PA      | $23302.28     | 0.15%             | 2045-10-17      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                          | CRGYFN 8.375 01/15/34 144A          | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     65000 | PA      | $68007.55     | 0.45%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Atlassian Corporation                                                                | TEAM 5.25 05/15/29                  | CUSIP: 049468AA9<br>LEI: 549300V7ZY5P02D2MY38 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37231.09     | 0.25%             | 2029-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2016-Ubs11                                            | MSC 2016-UB11 C                     | CUSIP: 61767FBF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40000 | PA      | $39499.09     | 0.26%             | 2049-08-17      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| Connect Finco 09/27/29                                                               | Connect Finco 09/27/29              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     64506 | PA      | $64738.22     | 0.43%             | 2029-09-27      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| PRET 2026-NPL1 LLC                                                                   | PRET 2026-NPL1 A1                   | CUSIP: 69383TAA6<br>LEI: 2549002NGM9N1GT2FK83 | Long             | ABS-O            | CORP              | US        |     98429 | PA      | $97705.45     | 0.65%             | 2056-01-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| Neptune BidCo US Inc.                                                                | NLSN 9.5 02/15/33 144A              | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4857.45      | 0.03%             | 2033-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| RCO VIII Mortgage LLC 2025-3                                                         | RCO 2025-3 A1                       | CUSIP: 74939GAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     96015 | PA      | $96185.88     | 0.64%             | 2030-05-27      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| R.R. Donnelley & Sons Co.                                                            | RRD 9.5 08/01/29 144A               | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60780.84     | 0.40%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2026-R01                                         | CAS 2026-R01 2M2                    | CUSIP: 20755BAC4<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     16000 | PA      | $16025.12     | 0.11%             | 2046-01-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Pret 2025-NPL4 LLC                                                                   | PRET 2025-NPL4 A1                   | CUSIP: 74136UAA3<br>LEI: 2549006327OOFEDCTX76 | Long             | ABS-O            | CORP              | US        |    100820 | PA      | $100990.01    | 0.67%             | 2055-04-25      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 4.625 11/01/29                   | CUSIP: 718172DN6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37344.04     | 0.25%             | 2029-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2025-V17 MORTGAGE TRUST                                                    | BMARK 2025-V17 XA                   | CUSIP: 081934AS0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    151000 | PA      | $8870.28      | 0.06%             | 2058-09-17      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 3.2 11/18/29                   | CUSIP: 29444UBE5<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19047.35     | 0.13%             | 2029-11-18      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2015-GC33                                        | CGCMT 2015-GC33 B                   | CUSIP: 29425AAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15219 | PA      | $14774.94     | 0.10%             | 2058-09-12      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc.                                                               | QNTELE 6.25 08/15/33 144A           | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60743.22     | 0.40%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Black Pearl Compute LLC                                                              | BLKPRL 6.125 02/15/31 144A          | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $5095.24      | 0.03%             | 2031-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                      | FHR 5164 IC                         | CUSIP: 3137H3Q21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    497711 | PA      | $103675.49    | 0.69%             | 2051-11-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OneSky Flight LLC                                                                    | FLXJET 8.875 12/15/29 144A          | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61978.50     | 0.41%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                 | CCL 5.125 05/01/29 144A             | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     15000 | PA      | $14898.10     | 0.10%             | 2029-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2022-78 IO                      | CUSIP: 38383P6D8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    653742 | PA      | $109741.54    | 0.73%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BMO 2025-C12 MORTGAGE TRUST                                                          | BMO 2025-5C12 XA                    | CUSIP: 09663VAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    999796 | PA      | $57691.64     | 0.38%             | 2058-10-18      | Variable      | 1.44%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNS 438 C7                          | CUSIP: 31424UVN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    369166 | PA      | $65406.23     | 0.43%             | 2053-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Davita Inc                                                                           | DVA 6.875 09/01/32 144A             | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61518.11     | 0.41%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FRONERI U 08/31/ 07/16/32                                                            | FRONERI U 08/31/ 07/16/32           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     13904 | PA      | $13661.85     | 0.09%             | 2032-09-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corporation                                                           | S 6.875 11/15/28                    | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |     35000 | PA      | $37012.99     | 0.25%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| 1011778 B.C. Unlimited Liability Company / New Red Finance, Inc.                     | BCULC 4 10/15/30 144A               | CUSIP: 68245XAM1<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |     65000 | PA      | $61129.26     | 0.41%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                                      | CDS ITRAXX.EU.45.V1                 | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-8792.99     | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Apld Computeco LLC                                                                   | APLD 9.25 12/15/30 144A             | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20624.04     | 0.14%             | 2030-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Airbnb Inc                                                                           | ABNB 4.65 03/16/31                  | CUSIP: 009066AD3<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4990.83      | 0.03%             | 2031-03-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.95 02/04/31                  | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14681.71     | 0.10%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                  | MEDIND 3.875 04/01/29 144A          | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38716.87     | 0.26%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3 Inc.                                                         | PSDO 7.5 06/01/31 144A              | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59705.91     | 0.40%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Peru (Republic Of)                                                                   | PERU 2.783 01/23/31                 | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    130000 | PA      | $118768.00    | 0.79%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.708 03/12/32                  | CUSIP: 61747YGB5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14902.25     | 0.10%             | 2032-03-12      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Standard Building Solutions Inc.                                                     | BMCAUS 6.25 08/01/33 144A           | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59382.93     | 0.39%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                       | BCRED 3.25 03/15/27                 | CUSIP: 09261HAK3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18530.37     | 0.12%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| OBX TRUST 2024-NQM8                                                                  | OBX 2024-NQM8 A1                    | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-O            | CORP              | US        |     87450 | PA      | $88246.17     | 0.59%             | 2064-05-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE BORROWER LLC                                                       | RIVENT 6.25 10/15/30 144A           | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4990.31      | 0.03%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                                         | SNPS 4.85 04/01/30                  | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37281.94     | 0.25%             | 2030-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Poland (Republic of)                                                                 | POLAND 4.875 02/12/30 5Y            | CUSIP: 857524AF9<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     70000 | PA      | $71591.89     | 0.48%             | 2030-02-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                                                   | ARCC 7 01/15/27                     | CUSIP: 04010LBE2<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36495.27     | 0.24%             | 2027-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                         | THC 6 11/15/33 144A                 | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5063.18      | 0.03%             | 2033-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.493 01/16/32                  | CUSIP: 61748UAS1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9834.75      | 0.07%             | 2032-01-16      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                            | IRS USD                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |         1 | NC      | $13850.57     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Chobani LLC / Chobani Finance Corporation Inc                                        | CHBANI 7.625 07/01/29 144A          | CUSIP: 17027NAC6<br>LEI: 549300ISVDMZ91KNTR38 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61386.42     | 0.41%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                                               | MRVL 4.75 07/15/30                  | CUSIP: 573874AR5<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19071.85     | 0.13%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corporation                                                         | NOVNVX 4.4 03/18/31                 | CUSIP: 66989HBG2<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30000.18     | 0.20%             | 2031-03-18      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                                             | JBS 3 02/02/29                      | CUSIP: 46590XAN6<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |     39000 | PA      | $37434.05     | 0.25%             | 2029-02-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.55 02/04/29                  | CUSIP: 68389XDW2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34564.57     | 0.23%             | 2029-02-04      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                            | IRS USD                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |         1 | NC      | $2232.99      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VEGAS 2024-GCS                                                                       | VEGAS 2024-GCS D                    | CUSIP: 92254BAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $14952.18     | 0.10%             | 2036-07-10      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2025-HE1                                             | BRAVO 2025-HE1 A1                   | CUSIP: 10568VAA2<br>LEI: 254900V4GL9A5JTVB991 | Long             | ABS-O            | CORP              | US        |     85143 | PA      | $85244.05     | 0.57%             | 2072-09-26      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                           | CUSIP: 01F060642<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    160000 | PA      | $163117.48    | 1.08%             | 2056-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                                  | CEG 4.4 01/15/31                    | CUSIP: 210385AQ3<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9873.75      | 0.07%             | 2031-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Weatherford International Ltd Bermuda                                                | WFRD 8.625 04/30/30 144A            | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |     22000 | PA      | $22435.01     | 0.15%             | 2030-04-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                                                | RCL 5.5 04/01/28 144A               | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     18000 | PA      | $18209.62     | 0.12%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                                                       | SPGI 4.75 08/01/28                  | CUSIP: 78409VBF0<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18196.03     | 0.12%             | 2028-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                                                               | WM 4.875 02/15/29                   | CUSIP: 94106LBV0<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37638.82     | 0.25%             | 2029-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Iqvia Inc                                                                            | IQV 6.25 06/01/32 144A              | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20334.82     | 0.13%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                                              | MRP 6.375 08/01/30 144A             | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40014.56     | 0.27%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                           | CUSIP: 01F030645<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     60000 | PA      | $52709.52     | 0.35%             | 2056-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                                                      | CRM 4.5 03/15/28                    | CUSIP: 79466LAQ7<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20012.05     | 0.13%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2023-40 CI                      | CUSIP: 38383WRL2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    878529 | PA      | $87786.72     | 0.58%             | 2050-10-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 4.95 03/15/28                  | CUSIP: 87264ACZ6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37397.11     | 0.25%             | 2028-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                                                         | BRAZIL 8.25 01/20/34                | CUSIP: 105756BB5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    150000 | PA      | $170265.00    | 1.13%             | 2034-01-20      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Solstice Advanced Materials Inc.                                                     | SOLADV 5.625 09/30/33 144A          | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44416.45     | 0.29%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                                                     | Trinitas CLO XVII Ltd               | CUSIP: 89642JAN5<br>LEI: 254900E0LENORBQRRG46 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300269.10    | 1.99%             | 2034-10-20      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2022-81 BI                      | CUSIP: 38383RXA0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    648823 | PA      | $94095.79     | 0.62%             | 2050-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                            | IRS USD                             | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |         1 | NC      | $57271.16     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 2015-C22                          | MSBAM 2015-C22 B                    | CUSIP: 61690FAQ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $23246.32     | 0.15%             | 2048-04-17      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                          | 5-Year T-Note Futures, Jun-2026,ETH | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -11 | NC      | $17177.70     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Gas Services LLC                                                              | KGS 7.25 02/15/29 144A              | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62196.60     | 0.41%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 4.5 10/01/29                    | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18922.83     | 0.13%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Nabors Industries, Inc.                                                              | NBR 8.875 08/15/31 144A             | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26060.30     | 0.17%             | 2031-08-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2019-B14 MORTGAGE TRUST                                                    | BMARK 2019-B14 A2                   | CUSIP: 08162YAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18007 | PA      | $17512.05     | 0.12%             | 2062-12-15      | Variable      | 2.91%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET V6.625 PERP B                    | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65058.05     | 0.43%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

**Name of Applicant:** Franklin Templeton ETF Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer Controller, US Fund Administration and Oversight