# EDGAR Filing Document

**Accession Number:** 0001959372
**File Stem:** 0000894189-26-005467
**Filing Date:** 2026-2
**Character Count:** 176503
**Document Hash:** f497bb6228de2c68764702301efac573
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-005467.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000894189-26-005467

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aristotle Funds Series Trust
- **CENTRAL INDEX KEY:** 0001959372

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23850
- **FILM NUMBER:** 26682894

**BUSINESS ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD.
- **STREET 2:** SUITE 1700
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** (949) 219-3391

**MAIL ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD.
- **STREET 2:** SUITE 1700
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025

## Series and Classes Contracts Data

### Aristotle Short Duration Income Fund (Series ID: S000080057)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000241672 | Class A      | PLADX           |
| C000241673 | Class C      | PLCSX           |
| C000241674 | Class I      | PLSDX           |
| C000241675 | Class I-2    | PLDSX           |
| C000268433 | Class H      |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Aristotle Short Duration Income Fund** | **Aristotle Short Duration Income Fund** | **Aristotle Short Duration Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **CORPORATE BONDS - 50.8%** | **Par** | **Value**  |
| **Communications - 1.1%** | **Communications - 1.1%** | **Communications - 1.1%** |
|  Meta Platforms, Inc., 4.20%, 11/15/2030 | $2950000 | $2956990 |
|  NTT Finance Corp., 4.62%, 07/16/2028 <sup>(a)</sup> | 3750000 | 3800481 |
|  Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC, 5.15%, 03/20/2028 <sup>(a)</sup> | 3878100 | 3912932 |
|  |  | 10670403 |
| **Consumer Discretionary - 5.7%** | **Consumer Discretionary - 5.7%** | **Consumer Discretionary - 5.7%** |
|  Air Canada 2017-1 Class AA Pass Through Trust, Series 2017-1, 3.30%, 01/15/2030 <sup>(a)</sup> | 1555880 | 1489523 |
|  Amazon.com, Inc., 3.90%, 11/20/2028 | 4950000 | 4966480 |
|  American Airlines 2015-2 Class AA Pass Through Trust, 3.60%, 09/22/2027 | 5160949 | 5114638 |
|  American Airlines 2016-3 Class A Pass Through Trust, Series 2016-3, 3.25%, 10/15/2028 | 4184069 | 4018537 |
|  American Airlines 2016-3 Class AA Pass Through Trust, Series 2016-3, 3.00%, 10/15/2028 | 5399468 | 5225204 |
|  British Airways 2019-1 Class A Pass Through Trust, Series PTT, 3.35%, 06/15/2029 <sup>(a)</sup> | 2278583 | 2218181 |
|  Delta Air Lines 2015-1 Class AA Pass Through Trust, Series 2015-1, 3.63%, 07/30/2027 | 1199198 | 1186262 |
|  Ford Motor Credit Co. LLC, 2.70%, 08/10/2026 | 1775000 | 1758224 |
|  General Motors Financial Co., Inc., 5.55%, 07/15/2029 | 4250000 | 4408924 |
|  Hyatt Hotels Corp., 5.05%, 03/30/2028 | 1250000 | 1273450 |
| Hyundai Capital America | Hyundai Capital America | Hyundai Capital America |
| &nbsp;&nbsp; 4.85%, 03/25/2027 <sup>(a)</sup> | 1350000 | 1362668 |
| &nbsp;&nbsp; 4.88%, 11/01/2027 <sup>(a)</sup> | 5600000 | 5678095 |
|  Las Vegas Sands Corp., 5.90%, 06/01/2027 | 3150000 | 3214447 |
|  Starbucks Corp., 4.50%, 05/15/2028 | 5700000 | 5757822 |
|  United Airlines 2014-2 Class A Pass Through Trust, Series A, 3.75%, 09/03/2026 | 4890439 | 4886241 |
|  United Airlines 2016-1 Class AA Pass Through Trust, Series AA, 3.10%, 07/07/2028 | 2359455 | 2301173 |
|  United Airlines 2016-1 Class B Pass Through Trust, Series 2016-1B, 3.65%, 01/07/2026 | 268229 | 268150 |
|  Volkswagen Group of America Finance LLC, 4.45%, 09/11/2027 <sup>(a)</sup> | 3000000 | 3010615 |
|  |  | 58138634 |
| **Consumer Staples - 0.3%** | **Consumer Staples - 0.3%** | **Consumer Staples - 0.3%** |
|  Bacardi Ltd. / Bacardi-Martini BV, 5.25%, 01/15/2029 <sup>(a)</sup> | 3000000 | 3060371 |
| **Energy - 2.4%** | **Energy - 2.4%** | **Energy - 2.4%** |
|  Enbridge, Inc., 4.20%, 11/20/2028 | 3500000 | 3506871 |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| &nbsp;&nbsp; 5.55%, 02/15/2028 | 3500000 | 3594426 |
| &nbsp;&nbsp; 6.10%, 12/01/2028 | 1500000 | 1576179 |
| &nbsp;&nbsp; 5.25%, 07/01/2029 | 3500000 | 3603720 |
|  Targa Resources Corp., 6.15%, 03/01/2029 | 3550000 | 3738374 |
|  Venture Global Calcasieu Pass LLC, 3.88%, 08/15/2029 <sup>(a)</sup> | 9450000 | 8865907 |
|  |  | 24885477 |
| **Financials - 25.2%<sup>(b)</sup>** | **Financials - 25.2%<sup>(b)</sup>** | **Financials - 25.2%<sup>(b)</sup>** |
|  Air Lease Corp., 5.85%, 12/15/2027 | 3000000 | 3086056 |
| American Express Co. | American Express Co. | American Express Co. |
| &nbsp;&nbsp; 4.73% (SOFR + 1.26%), 04/25/2029 | 1500000 | 1523378 |
| &nbsp;&nbsp; 4.35% to 07/20/2028 then SOFR + 0.81%, 07/20/2029 | 1200000 | 1208937 |
|  American Homes 4 Rent LP, 4.25%, 02/15/2028 | 2808000 | 2815989 |
|  Aspen Insurance Holdings Ltd., 5.75%, 07/01/2030 | 5750000 | 5999121 |
| Atlas Warehouse Lending Co. LP | Atlas Warehouse Lending Co. LP | Atlas Warehouse Lending Co. LP |
| &nbsp;&nbsp; 6.05%, 01/15/2028 <sup>(a)</sup> | 4000000 | 4129012 |
| &nbsp;&nbsp; 4.63%, 11/15/2028 <sup>(a)</sup> | 5250000 | 5271525 |
| Banco Santander SA | Banco Santander SA | Banco Santander SA |
| &nbsp;&nbsp; 5.37% to 07/15/2027 then 1 yr. CMT Rate + 0.95%, 07/15/2028 | 3400000 | 3467435 |
| &nbsp;&nbsp; 4.55%, 11/06/2030 | 2200000 | 2202878 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 5.93% to 09/15/2026 then SOFR + 1.34%, 09/15/2027 | 8500000 | 8611609 |
| &nbsp;&nbsp; 3.82% to 01/20/2027 then 3 mo. Term SOFR + 1.84%, 01/20/2028 | 1250000 | 1247373 |
| &nbsp;&nbsp; 4.98% to 01/24/2028 then SOFR + 0.83%, 01/24/2029 | 6850000 | 6978868 |
| &nbsp;&nbsp; 4.62% (SOFR + 1.11%), 05/09/2029 | 4750000 | 4813742 |
| Barclays PLC | Barclays PLC | Barclays PLC |
| &nbsp;&nbsp; 5.09% to 02/25/2028 then SOFR + 0.96%, 02/25/2029 | 2200000 | 2242260 |
| &nbsp;&nbsp; 4.48% to 11/11/2028 then SOFR + 1.08%, 11/11/2029 | 2800000 | 2815826 |
|  Block, Inc., 2.75%, 06/01/2026 | 750000 | 745908 |
| BNP Paribas SA | BNP Paribas SA | BNP Paribas SA |
| &nbsp;&nbsp; 4.40%, 08/14/2028 <sup>(a)</sup> | 1000000 | 1002284 |
| &nbsp;&nbsp; 4.79% to 05/09/2028 then SOFR + 1.45%, 05/09/2029 <sup>(a)</sup> | 5150000 | 5211610 |
|  Brown & Brown, Inc., 4.70%, 06/23/2028 | 4500000 | 4555452 |
|  CaixaBank SA, 4.63% to 07/03/2028 then SOFR + 1.14%, 07/03/2029 <sup>(a)</sup> | 400000 | 404437 |
|  Citigroup, Inc., 4.64% to 05/07/2027 then SOFR + 1.14%, 05/07/2028 | 3850000 | 3881665 |
|  Cooperatieve Rabobank UA, 4.66% to 08/22/2027 then 1 yr. CMT Rate + 1.75%, 08/22/2028 <sup>(a)</sup> | 2000000 | 2021561 |
|  Credit Agricole SA, 5.23% to 01/09/2028 then SOFR + 1.13%, 01/09/2029 <sup>(a)</sup> | 3250000 | 3320191 |
| Danske Bank AS | Danske Bank AS | Danske Bank AS |
| &nbsp;&nbsp; 5.43% to 03/01/2027 then 1 yr. CMT Rate + 0.95%, 03/01/2028 <sup>(a)</sup> | 4400000 | 4469190 |
| &nbsp;&nbsp; 4.42% to 09/12/2030 then 1 yr. CMT Rate + 0.85%, 09/12/2031 <sup>(a)</sup> | 4800000 | 4776118 |
|  Extra Space Storage LP, 5.70%, 04/01/2028 | 2200000 | 2273650 |
|  Federation des Caisses Desjardins du Quebec, 4.57%, 08/26/2030 <sup>(a)</sup> | 3125000 | 3149468 |
|  Global Payments, Inc., 4.50%, 11/15/2028 | 3600000 | 3607380 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp; 4.94% (SOFR + 1.32%), 04/23/2028 | 4200000 | 4248686 |
| &nbsp;&nbsp; 3.81% to 04/23/2028 then 3 mo. Term SOFR + 1.42%, 04/23/2029 | 2000000 | 1988957 |
| &nbsp;&nbsp; 4.15% to 10/21/2028 then SOFR + 0.90%, 10/21/2029 | 3500000 | 3499676 |
| &nbsp;&nbsp; 5.73% to 04/25/2029 then SOFR + 1.27%, 04/25/2030 | 6300000 | 6583115 |
| &nbsp;&nbsp; 4.69% to 10/23/2029 then SOFR + 1.14%, 10/23/2030 | 1450000 | 1470191 |
|  Host Hotels & Resorts LP, 4.25%, 12/15/2028 | 1600000 | 1601939 |
| HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC |
| &nbsp;&nbsp; 5.13% to 11/19/2027 then SOFR + 1.04%, 11/19/2028 | 4000000 | 4075381 |
| &nbsp;&nbsp; 5.55% to 03/04/2029 then SOFR + 1.46%, 03/04/2030 | 3550000 | 3681478 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| &nbsp;&nbsp; 6.07% to 10/22/2026 then SOFR + 1.33%, 10/22/2027 | 10000000 | 10159934 |
| &nbsp;&nbsp; 5.04% to 01/23/2027 then SOFR + 1.19%, 01/23/2028 | 6750000 | 6821776 |
| &nbsp;&nbsp; 5.57% to 04/22/2027 then SOFR + 0.93%, 04/22/2028 | 5495000 | 5605839 |
| &nbsp;&nbsp; 4.32% to 04/26/2027 then SOFR + 1.56%, 04/26/2028 | 2000000 | 2008493 |
| &nbsp;&nbsp; 4.51% to 10/22/2027 then SOFR + 0.86%, 10/22/2028 | 3550000 | 3585316 |
| &nbsp;&nbsp; 4.92% to 01/24/2028 then SOFR + 0.80%, 01/24/2029 | 2450000 | 2495891 |
|  Kite Realty Group Trust, 4.75%, 09/15/2030 | 4300000 | 4350578 |
| Lloyds Banking Group PLC | Lloyds Banking Group PLC | Lloyds Banking Group PLC |
| &nbsp;&nbsp; 5.09% to 11/26/2027 then 1 yr. CMT Rate + 0.85%, 11/26/2028 | 750000 | 764483 |
| &nbsp;&nbsp; 4.82% to 06/13/2028 then 1 yr. CMT Rate + 0.83%, 06/13/2029 | 800000 | 813246 |
| LPL Holdings, Inc. | LPL Holdings, Inc. | LPL Holdings, Inc. |
| &nbsp;&nbsp; 5.70%, 05/20/2027 | 5850000 | 5965786 |
| &nbsp;&nbsp; 4.38%, 05/15/2031 <sup>(a)</sup> | 950000 | 925527 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley |
| &nbsp;&nbsp; 4.99% (SOFR + 1.38%), 04/12/2029 | 10000000 | 10199194 |
| &nbsp;&nbsp; 4.13% to 10/18/2028 then SOFR + 0.91%, 10/18/2029 | 5500000 | 5498948 |
| &nbsp;&nbsp; 5.66% to 04/18/2029 then SOFR + 1.26%, 04/18/2030 | 3125000 | 3256691 |
| Morgan Stanley Bank NA | Morgan Stanley Bank NA | Morgan Stanley Bank NA |
| &nbsp;&nbsp; 5.50% to 05/26/2027 then SOFR + 0.87%, 05/26/2028 | 4250000 | 4337289 |
| &nbsp;&nbsp; 5.02% to 01/12/2028 then SOFR + 0.91%, 01/12/2029 | 1500000 | 1527890 |
| Penske Truck Leasing Co. Lp / PTL Finance Corp. | Penske Truck Leasing Co. Lp / PTL Finance Corp. | Penske Truck Leasing Co. Lp / PTL Finance Corp. |
| &nbsp;&nbsp; 4.40%, 07/01/2027 <sup>(a)</sup> | 2300000 | 2308419 |
| &nbsp;&nbsp; 5.25%, 02/01/2030 <sup>(a)</sup> | 3000000 | 3090284 |
|  Prologis Targeted US Logistics Fund LP, 4.25%, 01/15/2031 <sup>(a)</sup> | 1050000 | 1042711 |
| Royal Bank of Canada | Royal Bank of Canada | Royal Bank of Canada |
| &nbsp;&nbsp; 4.00% to 11/03/2027 then SOFR + 0.70%, 11/03/2028 | 6400000 | 6407017 |
| &nbsp;&nbsp; 4.97% to 01/24/2028 then SOFR + 0.83%, 01/24/2029 | 4650000 | 4738756 |
| &nbsp;&nbsp; 4.50% to 08/06/2028 then SOFR + 0.89%, 08/06/2029 | 3250000 | 3283025 |
|  Santander UK Group Holdings PLC, 4.32% to 09/22/2028 then SOFR + 1.07%, 09/22/2029 | 2000000 | 2002163 |
| UBS Group AG | UBS Group AG | UBS Group AG |
| &nbsp;&nbsp; 4.75% to 05/12/2027 then 1 yr. CMT Rate + 1.75%, 05/12/2028 <sup>(a)</sup> | 2000000 | 2016676 |
| &nbsp;&nbsp; 5.43% to 02/08/2029 then 1 yr. CMT Rate + 1.52%, 02/08/2030 <sup>(a)</sup> | 2400000 | 2482936 |
| &nbsp;&nbsp; 5.62% to 09/13/2029 then 1 yr. SOFR Swap Rate USD + 1.34%, 09/13/2030 <sup>(a)</sup> | 4300000 | 4493212 |
|  US Bank NA, 4.73% to 05/15/2027 then SOFR + 0.91%, 05/15/2028 | 4000000 | 4040749 |
|  VICI Properties LP, 4.75%, 04/01/2028 | 6850000 | 6923754 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| &nbsp;&nbsp; 4.90% to 01/24/2027 then SOFR + 0.78%, 01/24/2028 | 2000000 | 2017262 |
| &nbsp;&nbsp; 5.71% to 04/22/2027 then SOFR + 1.07%, 04/22/2028 | 4250000 | 4338774 |
| &nbsp;&nbsp; 4.97% (SOFR + 1.37%), 04/23/2029 | 6100000 | 6214531 |
| &nbsp;&nbsp; 5.57% to 07/25/2028 then SOFR + 1.74%, 07/25/2029 | 3850000 | 3989920 |
|  Willis North America, Inc., 4.55%, 03/15/2031 | 5500000 | 5509016 |
|  |  | 256198432 |
| **Health Care - 1.7%** | **Health Care - 1.7%** | **Health Care - 1.7%** |
|  180 Medical, Inc., 3.88%, 10/15/2029 <sup>(a)</sup> | 3075000 | 3001319 |
|  Cigna Group, 4.50%, 09/15/2030 | 3300000 | 3323451 |
|  HCA, Inc., 4.30%, 11/15/2030 | 4235000 | 4220203 |
|  Icon Investments Six DAC, 5.81%, 05/08/2027 | 2800000 | 2858699 |
|  IQVIA, Inc., 5.70%, 05/15/2028 | 3850000 | 3985751 |
|  |  | 17389423 |
| **Industrials - 3.4%** | **Industrials - 3.4%** | **Industrials - 3.4%** |
| BAE Systems PLC | BAE Systems PLC | BAE Systems PLC |
| &nbsp;&nbsp; 5.00%, 03/26/2027 <sup>(a)</sup> | 2800000 | 2834728 |
| &nbsp;&nbsp; 5.13%, 03/26/2029 <sup>(a)</sup> | 2000000 | 2058489 |
|  Boeing Co., 6.26%, 05/01/2027 | 1150000 | 1180430 |
|  Ingersoll Rand, Inc., 5.40%, 08/14/2028 | 1700000 | 1757766 |
|  Lennox International, Inc., 5.50%, 09/15/2028 | 3950000 | 4080554 |
|  Molex Electronic Technologies LLC, 4.75%, 04/30/2028 <sup>(a)</sup> | 4200000 | 4250161 |
|  Nordson Corp., 4.50%, 12/15/2029 | 6375000 | 6419969 |
| Regal Rexnord Corp. | Regal Rexnord Corp. | Regal Rexnord Corp. |
| &nbsp;&nbsp; 6.05%, 02/15/2026 | 6412000 | 6424690 |
| &nbsp;&nbsp; 6.05%, 04/15/2028 | 1153000 | 1193273 |
|  Weir Group PLC, 2.20%, 05/13/2026 <sup>(a)</sup> | 4015000 | 3979276 |
|  |  | 34179336 |
| **Materials - 0.3%** | **Materials - 0.3%** | **Materials - 0.3%** |
|  Amcor Flexibles North America, Inc., 4.80%, 03/17/2028 | 3200000 | 3247031 |
| **Technology - 5.4%** | **Technology - 5.4%** | **Technology - 5.4%** |
|  Booz Allen Hamilton, Inc., 3.88%, 09/01/2028 <sup>(a)</sup> | 9648000 | 9474271 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| &nbsp;&nbsp; 4.15%, 02/15/2028 | 2300000 | 2308889 |
| &nbsp;&nbsp; 5.05%, 07/12/2029 | 4800000 | 4943269 |
|  Concentrix Corp., 6.65%, 08/02/2026 | 3850000 | 3888279 |
|  Dell International LLC / EMC Corp., 4.15%, 02/15/2029 | 4750000 | 4746247 |
| Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. |
| &nbsp;&nbsp; 4.05%, 09/15/2027 | 1200000 | 1200779 |
| &nbsp;&nbsp; 4.55%, 10/15/2029 | 3500000 | 3521058 |
|  Jabil, Inc., 5.45%, 02/01/2029 | 2000000 | 2067180 |
|  Microchip Technology, Inc., 4.90%, 03/15/2028 | 6000000 | 6084461 |
|  NXP BV / NXP Funding LLC / NXP USA, Inc., 4.30%, 08/19/2028 | 2350000 | 2359236 |
|  Oracle Corp., 4.45%, 09/26/2030 | 4650000 | 4550307 |
|  Roper Technologies, Inc., 4.25%, 09/15/2028 | 5300000 | 5319970 |
|  TD SYNNEX Corp., 4.30%, 01/17/2029 | 3900000 | 3893745 |
|  |  | 54357691 |
| **Utilities - 5.3%** | **Utilities - 5.3%** | **Utilities - 5.3%** |
|  Ameren Corp., 5.00%, 01/15/2029 | 3850000 | 3937265 |
|  Dominion Energy, Inc., 4.60%, 05/15/2028 | 2000000 | 2025260 |
|  DTE Energy Co., 5.10%, 03/01/2029 | 8875000 | 9097359 |
|  Enel Finance International NV, 4.13%, 09/30/2028 <sup>(a)</sup> | 4500000 | 4493320 |
|  Exelon Corp., 5.15%, 03/15/2029 | 4650000 | 4782698 |
|  NiSource, Inc., 5.20%, 07/01/2029 | 2700000 | 2784733 |
|  OGE Energy Corp., 5.45%, 05/15/2029 | 1650000 | 1711211 |
|  Pinnacle West Capital Corp., 4.90%, 05/15/2028 | 4200000 | 4279310 |
|  Public Service Enterprise Group, Inc., 5.88%, 10/15/2028 | 10000000 | 10448542 |
|  Southern Power Co., 4.25%, 10/01/2030 | 1850000 | 1845963 |
|  Virginia Power Fuel Securitization LLC, 5.09%, 05/01/2027 | 961957 | 968690 |
|  Vistra Operations Co. LLC, 5.05%, 12/30/2026 <sup>(a)</sup> | 5950000 | 5995511 |
|  Xcel Energy, Inc., 4.75%, 03/21/2028 | 1800000 | 1825147 |
|  |  | 54195009 |
| **TOTAL CORPORATE BONDS** (Cost $508,468,727) | **TOTAL CORPORATE BONDS** (Cost $508,468,727) | 516321807 |
| **ASSET-BACKED SECURITIES - 14.3%** | **Par** | **Value**  |
|  AmeriCredit Automobile Receivables Trust, Series 2025-1, Class A2A, 4.22%, 03/19/2029 <sup>(a)</sup> | 1350000 | 1351103 |
|  Amur Equipment Finance Receivables LLC, Series 2025-1A, Class A2, 4.70%, 09/22/2031 <sup>(a)</sup> | 680016 | 687207 |
|  Bank of America Auto Trust, Series 2025-1A, Class A2A, 4.52%, 11/22/2027 <sup>(a)</sup> | 856106 | 857134 |
|  Carvana Auto Receivables Trust, Series 2024-N2, Class C, 5.82%, 09/10/2030 <sup>(a)</sup> | 1800000 | 1837348 |
|  CC Towers Guarantor LLC, Series 4.24100, 4.24%, 07/15/2028 <sup>(a)</sup> | 1450000 | 1439031 |
|  Crockett Partners Equipment Co. II LLC, Series 2024-2M, Class A, 5.70%, 12/20/2032 <sup>(a)</sup> | 245694 | 249433 |
|  DailyPay LLC, Series 2025-1A, Class A, 5.63%, 06/26/2028 <sup>(a)</sup> | 900000 | 908109 |
|  DT Auto Owner Trust, Series 2021-3A, Class D, 1.31%, 05/17/2027 <sup>(a)</sup> | 500934 | 498565 |
| Flagship Credit Auto Trust | Flagship Credit Auto Trust | Flagship Credit Auto Trust |
| &nbsp;&nbsp; Series 2022-1, Class C, 3.06%, 03/15/2028 <sup>(a)</sup> | 1856908 | 1841175 |
| &nbsp;&nbsp; Series 2023-3, Class B, 5.64%, 07/16/2029 <sup>(a)</sup> | 3950000 | 3957718 |
| &nbsp;&nbsp; Series 2024-1, Class A3, 5.48%, 10/16/2028 <sup>(a)</sup> | 1530000 | 1536293 |
| Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust |
| &nbsp;&nbsp; Series 2023-1, Class A, 4.85%, 08/15/2035 <sup>(a)</sup> | 2000000 | 2041031 |
| &nbsp;&nbsp; Series 2024-1, Class A, 4.87%, 08/15/2036 <sup>(a)(c)</sup> | 3300000 | 3386483 |
| &nbsp;&nbsp; Series 2024-A, Class B, 5.26%, 11/15/2029 | 3000000 | 3056724 |
| &nbsp;&nbsp; Series 2024-C, Class A2A, 4.32%, 08/15/2027 | 1328383 | 1329506 |
|  GM Financial Revolving Receivables Trust, Series 2023-2, Class A, 5.77%, 08/11/2036 <sup>(a)</sup> | 2250000 | 2362658 |
| GreenSky LLC | GreenSky LLC | GreenSky LLC |
| &nbsp;&nbsp; Series 2025-1A, Class A2, 5.12%, 03/25/2060 <sup>(a)</sup> | 317483 | 318955 |
| &nbsp;&nbsp; Series 2025-2A, Class A2, 4.93%, 06/25/2060 <sup>(a)</sup> | 600689 | 603229 |
| &nbsp;&nbsp; Series 2025-3A, Class A1, 4.34%, 12/27/2060 <sup>(a)</sup> | 3100000 | 3102410 |
| Hilton Grand Vacations, Inc. | Hilton Grand Vacations, Inc. | Hilton Grand Vacations, Inc. |
| &nbsp;&nbsp; Series 2020-AA, Class A, 2.74%, 02/25/2039 <sup>(a)</sup> | 61880 | 60712 |
| &nbsp;&nbsp; Series 2022-2A, Class A, 4.30%, 01/25/2037 <sup>(a)</sup> | 470856 | 469312 |
| &nbsp;&nbsp; Series 2023-1A, Class A, 5.72%, 01/25/2038 <sup>(a)</sup> | 1057772 | 1075023 |
| &nbsp;&nbsp; Series 2024-1B, Class A, 5.75%, 09/15/2039 <sup>(a)</sup> | 599127 | 609479 |
| &nbsp;&nbsp; Series 2024-2A, Class A, 5.50%, 03/25/2038 <sup>(a)</sup> | 1654838 | 1686026 |
| &nbsp;&nbsp; Series 2024-3A, Class A, 4.98%, 08/27/2040 <sup>(a)</sup> | 1802493 | 1819568 |
| Lendbuzz Securitization Trust | Lendbuzz Securitization Trust | Lendbuzz Securitization Trust |
| &nbsp;&nbsp; Series 2024-2A, Class A2, 5.99%, 05/15/2029 <sup>(a)</sup> | 2101474 | 2112838 |
| &nbsp;&nbsp; Series 2025-1A, Class A2, 5.10%, 10/15/2030 <sup>(a)</sup> | 1196645 | 1197039 |
| Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. |
| &nbsp;&nbsp; Series 2020-1A, Class A, 1.74%, 10/20/2037 <sup>(a)</sup> | 102148 | 97342 |
| &nbsp;&nbsp; Series 2021-1WA, Class A, 1.14%, 01/22/2041 <sup>(a)</sup> | 333653 | 320414 |
| &nbsp;&nbsp; Series 2022-1A, Class A, 4.15%, 11/21/2039 <sup>(a)</sup> | 274026 | 273086 |
| MVW Owner Trust | MVW Owner Trust | MVW Owner Trust |
| &nbsp;&nbsp; Series 2024-1A, Class A, 5.32%, 02/20/2043 <sup>(a)</sup> | 2872383 | 2929001 |
| &nbsp;&nbsp; Series 2024-2A, Class A, 4.43%, 03/20/2042 <sup>(a)</sup> | 2799127 | 2804555 |
| Navient Student Loan Trust | Navient Student Loan Trust | Navient Student Loan Trust |
| &nbsp;&nbsp; Series 2018-BA, Class A2A, 3.61%, 12/15/2059 <sup>(a)</sup> | 40020 | 39767 |
| &nbsp;&nbsp; Series 2018-DA, Class A2A, 4.00%, 12/15/2059 <sup>(a)</sup> | 318274 | 316384 |
| &nbsp;&nbsp; Series 2019-BA, Class A2A, 3.39%, 12/15/2059 <sup>(a)</sup> | 449533 | 442323 |
| &nbsp;&nbsp; Series 2019-EA, Class A2A, 2.64%, 05/15/2068 <sup>(a)</sup> | 313017 | 308609 |
| &nbsp;&nbsp; Series 2019-GA, Class A, 2.40%, 10/15/2068 <sup>(a)</sup> | 1669862 | 1621306 |
| &nbsp;&nbsp; Series 2020-1A, Class A1B, 5.04% (30 day avg SOFR US + 1.16%), 06/25/2069 <sup>(a)</sup> | 1166076 | 1181439 |
| &nbsp;&nbsp; Series 2020-2A, Class A1A, 1.32%, 08/26/2069 <sup>(a)</sup> | 1817372 | 1609201 |
| &nbsp;&nbsp; Series 2020-A, Class A2A, 2.46%, 11/15/2068 <sup>(a)</sup> | 325521 | 315471 |
| &nbsp;&nbsp; Series 2020-BA, Class A2, 2.12%, 01/15/2069 <sup>(a)</sup> | 3454317 | 3312348 |
| &nbsp;&nbsp; Series 2020-DA, Class A, 1.69%, 05/15/2069 <sup>(a)</sup> | 3931159 | 3747373 |
| &nbsp;&nbsp; Series 2020-EA, Class A, 1.69%, 05/15/2069 <sup>(a)</sup> | 7293424 | 6899286 |
| &nbsp;&nbsp; Series 2020-FA, Class A, 1.22%, 07/15/2069 <sup>(a)</sup> | 395666 | 374719 |
| &nbsp;&nbsp; Series 2020-GA, Class A, 1.17%, 09/16/2069 <sup>(a)</sup> | 320595 | 296461 |
| &nbsp;&nbsp; Series 2020-HA, Class A, 1.31%, 01/15/2069 <sup>(a)</sup> | 3846302 | 3633703 |
| &nbsp;&nbsp; Series 2021-1A, Class A1B, 4.59% (30 day avg SOFR US + 0.71%), 12/26/2069 <sup>(a)</sup> | 838819 | 822988 |
| &nbsp;&nbsp; Series 2021-2A, Class A1B, 4.54% (30 day avg SOFR US + 0.66%), 02/25/2070 <sup>(a)</sup> | 1730458 | 1733427 |
| &nbsp;&nbsp; Series 2021-A, Class A, 0.84%, 05/15/2069 <sup>(a)</sup> | 526970 | 484051 |
| &nbsp;&nbsp; Series 2021-CA, Class A, 1.06%, 10/15/2069 <sup>(a)</sup> | 5672869 | 5198209 |
| &nbsp;&nbsp; Series 2021-FA, Class A, 1.11%, 02/18/2070 <sup>(a)</sup> | 1373827 | 1221826 |
| &nbsp;&nbsp; Series 2021-GA, Class A, 1.58%, 04/15/2070 <sup>(a)</sup> | 194352 | 176311 |
| &nbsp;&nbsp; Series 2022-A, Class A, 2.23%, 07/15/2070 <sup>(a)</sup> | 1601701 | 1467746 |
| &nbsp;&nbsp; Series 2022-BA, Class A, 4.16%, 10/15/2070 <sup>(a)</sup> | 4866197 | 4787731 |
| &nbsp;&nbsp; Series 2023-A, Class A, 5.51%, 10/15/2071 <sup>(a)</sup> | 1893331 | 1938614 |
| &nbsp;&nbsp; Series 2024-A, Class A, 5.66%, 10/15/2072 <sup>(a)</sup> | 1599773 | 1639116 |
| &nbsp;&nbsp; Series 2025-A, Class A, 5.02%, 07/15/2055 <sup>(a)</sup> | 1071269 | 1083393 |
| &nbsp;&nbsp; Series 2025-B, Class A, 4.72%, 09/15/2055 <sup>(a)</sup> | 849547 | 847505 |
|  Navistar Financial Dealer Note Master Trust, Series 2025-1, Class A, 4.18%, 09/25/2030 <sup>(a)</sup> | 2300000 | 2307408 |
|  Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36%, 04/20/2062 <sup>(a)</sup> | 1160664 | 1099604 |
|  OWN Tactical Equipment I LLC, Series 2025-1M, Class A, 5.48%, 09/26/2033 <sup>(a)</sup> | 651291 | 657516 |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust |
| &nbsp;&nbsp; Series 2024-11, Class B, 5.64%, 07/15/2032 <sup>(a)</sup> | 580187 | 583211 |
| &nbsp;&nbsp; Series 2025-1, Class A2, 5.16%, 07/15/2032 <sup>(a)</sup> | 941980 | 949928 |
|  Reach Financial LLC, Series 2025-1A, Class A, 4.96%, 08/16/2032 <sup>(a)</sup> | 457899 | 459526 |
|  Research-Driven Pagaya Motor Asset Trust, Series 2025-1A, Class A, 5.04%, 06/27/2033 <sup>(a)</sup> | 1337996 | 1342328 |
| Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. |
| &nbsp;&nbsp; Series 2024-1, Class A3, 5.25%, 04/17/2028 | 257698 | 257766 |
| &nbsp;&nbsp; Series 2024-5, Class A3, 4.62%, 11/15/2028 | 1936618 | 1939081 |
| &nbsp;&nbsp; Series 2024-5, Class C, 4.78%, 01/15/2031 | 725000 | 729373 |
| &nbsp;&nbsp; Series 2025-1, Class A3, 4.74%, 01/16/2029 | 2700000 | 2705087 |
| &nbsp;&nbsp; Series 2025-1, Class B, 4.88%, 03/17/2031 | 5000000 | 5036304 |
| &nbsp;&nbsp; Series 2025-2, Class A2, 4.71%, 06/15/2028 | 1509546 | 1511587 |
| &nbsp;&nbsp; Series 2025-3, Class A2, 4.63%, 10/16/2028 | 2462061 | 2467999 |
| &nbsp;&nbsp; Series 2025-3, Class B, 4.49%, 09/15/2031 | 1800000 | 1814489 |
| &nbsp;&nbsp; Series 2025-4, Class A2, 4.28%, 01/15/2029 | 1500000 | 1503243 |
|  Santander Holdings USA, Inc., Series 2024-A, Class B, 5.62%, 06/15/2032 <sup>(a)</sup> | 162874 | 164731 |
|  SBNA Auto Receivables Trust 2024-A, Series 2024-A, Class B, 5.29%, 09/17/2029 <sup>(a)</sup> | 1000000 | 1012581 |
| SMB Private Education Loan Trust | SMB Private Education Loan Trust | SMB Private Education Loan Trust |
| &nbsp;&nbsp; Series 2018-A, Class A2A, 3.50%, 02/15/2036 <sup>(a)</sup> | 100188 | 99313 |
| &nbsp;&nbsp; Series 2018-B, Class A2A, 3.60%, 01/15/2037 <sup>(a)</sup> | 307478 | 305174 |
| &nbsp;&nbsp; Series 2018-C, Class A2A, 3.63%, 11/15/2035 <sup>(a)</sup> | 346383 | 342538 |
| &nbsp;&nbsp; Series 2019-A, Class A2A, 3.44%, 07/15/2036 <sup>(a)</sup> | 846733 | 838631 |
| &nbsp;&nbsp; Series 2020-B, Class A1A, 1.29%, 07/15/2053 <sup>(a)</sup> | 924983 | 871407 |
| &nbsp;&nbsp; Series 2021-A, Class APT2, 1.07%, 01/15/2053 <sup>(a)</sup> | 1500770 | 1353200 |
| &nbsp;&nbsp; Series 2021-D, Class A1A, 1.34%, 03/17/2053 <sup>(a)</sup> | 1199915 | 1123439 |
| &nbsp;&nbsp; Series 2021-E, Class A1A, 1.68%, 02/15/2051 <sup>(a)</sup> | 1196173 | 1140438 |
| &nbsp;&nbsp; Series 2022-A, Class APT, 2.85%, 11/16/2054 <sup>(a)</sup> | 2285435 | 2160402 |
| &nbsp;&nbsp; Series 2022-B, Class A1A, 3.94%, 02/16/2055 <sup>(a)</sup> | 4959030 | 4847947 |
| &nbsp;&nbsp; Series 2022-C, Class A1A, 4.48%, 05/16/2050 <sup>(a)</sup> | 1282344 | 1279690 |
| &nbsp;&nbsp; Series 2024-F, Class A1A, 5.06%, 03/16/2054 <sup>(a)</sup> | 210158 | 212914 |
|  SoFi Consumer Loan Program Trust, Series 2025-2, Class A, 4.82%, 06/25/2034 <sup>(a)</sup> | 576618 | 579791 |
| SoFi Professional Loan Program LLC | SoFi Professional Loan Program LLC | SoFi Professional Loan Program LLC |
| &nbsp;&nbsp; Series 2020-A, Class A2FX, 2.54%, 05/15/2046 <sup>(a)</sup> | 855217 | 829602 |
| &nbsp;&nbsp; Series 2021-B, Class AFX, 1.14%, 02/15/2047 <sup>(a)</sup> | 1656586 | 1440817 |
|  Toyota Auto Receivables Owner Trust, Series 2025-B, Class A2A, 4.46%, 03/15/2028 | 1094685 | 1097175 |
|  UPG HI Issuer Trust, Series 2025-2, Class A, 5.00%, 09/25/2047 <sup>(a)</sup> | 700000 | 700623 |
|  Upstart Securitization Trust, Series 2025-3, Class A2, 4.60%, 09/20/2035 <sup>(a)</sup> | 1850000 | 1851227 |
| Verizon Master Trust | Verizon Master Trust | Verizon Master Trust |
| &nbsp;&nbsp; Series 2024-2, Class A, 4.83%, 12/22/2031 <sup>(a)</sup> | 2750000 | 2817764 |
| &nbsp;&nbsp; Series 2024-5, Class A, 5.00%, 06/21/2032 <sup>(a)</sup> | 2350000 | 2427923 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $145,085,474) | **TOTAL ASSET-BACKED SECURITIES** (Cost $145,085,474) | 145179591 |
| **U.S. TREASURY SECURITIES - 14.1%** | **Par** | **Value**  |
| United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond |
| &nbsp;&nbsp; 4.00%, 02/29/2028 | 6500000 | 6568682 |
| &nbsp;&nbsp; 1.25%, 03/31/2028 | 12000000 | 11422734 |
| &nbsp;&nbsp; 3.75%, 04/15/2028 | 20000000 | 20106640 |
| &nbsp;&nbsp; 3.63%, 05/31/2028 | 13000000 | 13035293 |
| &nbsp;&nbsp; 4.63%, 09/30/2028 | 8000000 | 8227344 |
| &nbsp;&nbsp; 3.50%, 10/15/2028 | 10000000 | 9991016 |
| &nbsp;&nbsp; 4.38%, 11/30/2028 | 4000000 | 4091406 |
| &nbsp;&nbsp; 4.13%, 03/31/2029 | 4500000 | 4575410 |
| &nbsp;&nbsp; 3.88%, 07/31/2030 | 15000000 | 15113086 |
| &nbsp;&nbsp; 3.63%, 08/31/2030 | 21050000 | 20978874 |
| &nbsp;&nbsp; 3.50%, 11/30/2030 | 23075000 | 22846053 |
| &nbsp;&nbsp; 3.63%, 12/31/2030 | 6000000 | 5977734 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $142,328,290) | **TOTAL U.S. TREASURY SECURITIES** (Cost $142,328,290) | 142934272 |
| **COLLATERALIZED LOAN OBLIGATIONS - 8.2%** | **Par** | **Value**  |
|  Basswood Park CLO Ltd., Series 2021-1A, Class AR, 4.91% (3 mo. Term SOFR + 1.03%), 04/20/2034 <sup>(a)</sup> | 4500000 | 4499737 |
|  Benefit Street Partners CLO Ltd., Series 2021-25A, Class A1R, 4.90% (3 mo. Term SOFR + 1.00%), 01/15/2035 <sup>(a)</sup> | 3750000 | 3749781 |
|  Buttermilk Park CLO, Series 2018-1A, Class A1R, 4.98% (3 mo. Term SOFR + 1.08%), 10/15/2031 <sup>(a)</sup> | 2348605 | 2348943 |
|  CarVal CLO, Series 2018-1A, Class AR, 5.12% (3 mo. Term SOFR + 1.23%), 07/16/2031 <sup>(a)</sup> | 6784549 | 6794709 |
| Dryden Senior Loan Fund | Dryden Senior Loan Fund | Dryden Senior Loan Fund |
| &nbsp;&nbsp; Series 2017-53A, Class AR, 4.90% (3 mo. Term SOFR + 1.00%), 01/15/2031 <sup>(a)</sup> | 3250337 | 3252211 |
| &nbsp;&nbsp; Series 2018-55A, Class A1, 5.19% (3 mo. Term SOFR + 1.28%), 04/15/2031 <sup>(a)</sup> | 623704 | 624302 |
|  Elmwood CLO Ltd., Series 2022-2A, Class A1R, 5.01% (3 mo. Term SOFR + 1.15%), 04/22/2035 <sup>(a)</sup> | 2000000 | 2001494 |
|  Flatiron CLO Ltd., Series 2024-1A, Class A1R, 4.98% (3 mo. Term SOFR + 1.08%), 07/15/2036 <sup>(a)</sup> | 2000000 | 1999522 |
| Magnetite CLO Ltd. | Magnetite CLO Ltd. | Magnetite CLO Ltd. |
| &nbsp;&nbsp; Series 2019-22A, Class ARR, 5.15% (3 mo. Term SOFR + 1.25%), 07/15/2036 <sup>(a)</sup> | 2100000 | 2105987 |
| &nbsp;&nbsp; Series 2019-24A, Class BR, 5.65% (3 mo. Term SOFR + 1.75%), 04/15/2035 <sup>(a)</sup> | 250000 | 250680 |
| &nbsp;&nbsp; Series 2020-25A, Class A, 5.32% (3 mo. Term SOFR + 1.46%), 01/25/2032 <sup>(a)</sup> | 2302597 | 2305730 |
| &nbsp;&nbsp; Series 2020-25A, Class B, 5.67% (3 mo. Term SOFR + 1.81%), 01/25/2032 <sup>(a)</sup> | 1300000 | 1301236 |
| &nbsp;&nbsp; Series 2021-31A, Class A1R, 0.00% (3 mo. Term SOFR + 1.00%), 07/15/2034 <sup>(a)</sup> | 4000000 | 4001000 |
| Neuberger Berman CLO Ltd. | Neuberger Berman CLO Ltd. | Neuberger Berman CLO Ltd. |
| &nbsp;&nbsp; Series 2021-41A, Class AR, 4.95% (3 mo. Term SOFR + 1.05%), 04/15/2034 <sup>(a)</sup> | 3000000 | 3000300 |
| &nbsp;&nbsp; Series 2021-42A, Class AR, 4.84% (3 mo. Term SOFR + 0.95%), 07/16/2036 <sup>(a)</sup> | 2000000 | 1998740 |
| &nbsp;&nbsp; Series 2021-43A, Class BR, 5.33% (3 mo. Term SOFR + 1.45%), 07/17/2036 <sup>(a)</sup> | 5250000 | 5260244 |
|  Palmer Square CLO Ltd., Series 2015-1A, Class A1A5, 4.92% (3 mo. Term SOFR + 1.05%), 05/21/2034 <sup>(a)</sup> | 5000000 | 5002416 |
| Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. |
| &nbsp;&nbsp; Series 2024-1A, Class A1, 4.95% (3 mo. Term SOFR + 1.05%), 10/15/2032 <sup>(a)</sup> | 3420530 | 3421452 |
| &nbsp;&nbsp; Series 2024-2A, Class A1N, 4.90% (3 mo. Term SOFR + 1.00%), 01/15/2033 <sup>(a)</sup> | 5619370 | 5621970 |
| &nbsp;&nbsp; Series 2024-3A, Class A2, 5.51% (3 mo. Term SOFR + 1.65%), 08/08/2032 <sup>(a)</sup> | 1500000 | 1504433 |
| &nbsp;&nbsp; Series 2025-2A, Class A1, 5.23% (3 mo. Term SOFR + 0.94%), 07/15/2033 <sup>(a)</sup> | 5000000 | 5001825 |
| &nbsp;&nbsp; Series 2025-3A, Class A1, 4.66% (3 mo. Term SOFR + 0.95%), 01/15/2034 <sup>(a)</sup> | 4850000 | 4851543 |
| &nbsp;&nbsp; Series 2025-3A, Class A2, 5.11% (3 mo. Term SOFR + 1.40%), 01/15/2034 <sup>(a)</sup> | 4650000 | 4656052 |
|  Southwick Park CLO, Series 2019-4A, Class A1RR, 4.88% (3 mo. Term SOFR + 1.00%), 07/20/2032 <sup>(a)</sup> | 5180244 | 5181029 |
| TIAA CLO Ltd. | TIAA CLO Ltd. | TIAA CLO Ltd. |
| &nbsp;&nbsp; Series 2018-1A, Class A1AR, 5.02% (3 mo. Term SOFR + 1.14%), 01/20/2032 <sup>(a)</sup> | 588478 | 588856 |
| &nbsp;&nbsp; Series 2018-1A, Class A2R, 5.63% (3 mo. Term SOFR + 1.75%), 01/20/2032 <sup>(a)</sup> | 2000000 | 2001024 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $83,274,739) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $83,274,739) | 83325216 |
| **BANK LOANS - 6.5%** | **Par** | **Value**  |
| **Consumer Discretionary - 0.5%** | **Consumer Discretionary - 0.5%** | **Consumer Discretionary - 0.5%** |
|  Allied Universal Holdco LLC, Senior Secured First Lien, 7.07% (1 mo. SOFR US + 3.25%), 08/20/2032 | 3491250 | 3513611 |
|  Hilton Grand Vacations Borrower LLC, Senior Secured First Lien, 5.72% (1 mo. SOFR US + 2.00%), 08/02/2028 | 5295 | 5316 |
|  SkyMiles IP Ltd., Senior Secured First Lien, 5.38% (3 mo. SOFR US + 1.50%), 10/20/2028 | 1750000 | 1767719 |
|  |  | 5286646 |
| **Consumer Staples - 0.2%** | **Consumer Staples - 0.2%** | **Consumer Staples - 0.2%** |
|  Primo Brands Corp., Senior Secured First Lien, 5.92% (3 mo. SOFR US + 2.25%), 03/31/2028 | 2089447 | 2097815 |
| **Energy - 0.2%** | **Energy - 0.2%** | **Energy - 0.2%** |
|  Oryx Midstream Services Permian Basin LLC, Senior Secured First Lien, 5.98% (1 mo. SOFR US + 2.25%), 10/05/2028 | 1989951 | 2006806 |
| **Financials - 1.2%<sup>(b)</sup>** | **Financials - 1.2%<sup>(b)</sup>** | **Financials - 1.2%<sup>(b)</sup>** |
|  Avolon TLB Borrower 1 US LLC, Senior Secured First Lien, 5.48% (1 mo. SOFR US + 1.75%), 06/24/2030 | 3105174 | 3127127 |
|  HUB International Ltd., Senior Secured First Lien, 6.12% (3 mo. SOFR US + 2.25%), 06/20/2030 | 5008448 | 5040076 |
|  IMA Financial Group, Inc., Senior Secured First Lien, 6.72% (1 mo. SOFR US + 3.00%), 11/01/2028 | 4129198 | 4144373 |
|  |  | 12311576 |
| **Health Care - 0.5%** | **Health Care - 0.5%** | **Health Care - 0.5%** |
| Medline Borrower LP, Senior Secured First Lien | Medline Borrower LP, Senior Secured First Lien | Medline Borrower LP, Senior Secured First Lien |
| &nbsp;&nbsp; 5.47% (1 mo. SOFR US + 1.75%), 10/23/2028 | 881938 | 885549 |
| &nbsp;&nbsp; 5.47% (1 mo. SOFR US + 1.75%), 10/23/2030 | 4463725 | 4485352 |
|  |  | 5370901 |
| **Industrials - 1.7%** | **Industrials - 1.7%** | **Industrials - 1.7%** |
|  APi Group DE, Inc., Senior Secured First Lien, 5.47% (1 mo. SOFR US + 1.75%), 01/03/2029 | 1900000 | 1909301 |
|  Chart Industries, Inc., Senior Secured First Lien, 6.48% (3 mo. SOFR US + 2.50%), 03/18/2030 | 3267596 | 3287218 |
|  Indicor LLC, Senior Secured First Lien, 6.42% (3 mo. SOFR US + 2.75%), 11/23/2029 | 3900897 | 3928924 |
|  SPX FLOW, Inc., Senior Secured First Lien, 6.47% (1 mo. SOFR US + 2.75%), 04/05/2029 | 800424 | 803618 |
|  TransDigm, Inc., Senior Secured First Lien, 6.22% (1 mo. SOFR US + 2.50%), 02/28/2031 | 6783889 | 6817028 |
|  |  | 16746089 |
| **Materials - 0.5%** | **Materials - 0.5%** | **Materials - 0.5%** |
| Proampac PG Borrower LLC, Senior Secured First Lien | Proampac PG Borrower LLC, Senior Secured First Lien | Proampac PG Borrower LLC, Senior Secured First Lien |
| &nbsp;&nbsp; 7.88% (3 mo. SOFR US + 4.00%), 09/15/2028 | 2008640 | 2015319 |
| &nbsp;&nbsp; 7.90% (3 mo. SOFR US + 4.00%), 09/15/2028 | 2569510 | 2578053 |
|  |  | 4593372 |
| **Technology - 1.7%** | **Technology - 1.7%** | **Technology - 1.7%** |
|  CommScope LLC, Senior Secured First Lien, 8.67% (1 mo. SOFR US + 4.75%), 12/17/2029 | 4000000 | 4012720 |
|  CoreLogic, Inc., Senior Secured First Lien, 7.45% (1 mo. SOFR US + 3.50%), 06/02/2028 | 3351250 | 3358857 |
|  Ellucian Holdings, Inc., Senior Secured First Lien, 6.47% (1 mo. SOFR US + 2.75%), 10/09/2029 | 949472 | 956000 |
|  Polaris Newco LLC, Senior Secured First Lien, 7.97% (3 mo. SOFR US + 3.75%), 06/05/2028 | 1944162 | 1879286 |
|  Tempo Acquisition LLC, Senior Secured First Lien, 5.47% (1 mo. SOFR US + 1.75%), 08/31/2028 | 3653373 | 3521523 |
|  UKG, Inc., Senior Secured First Lien, 6.34% (3 mo. SOFR US + 2.50%), 02/10/2031 | 3890397 | 3898975 |
|  |  | 17627361 |
| **TOTAL BANK LOANS** (Cost $65,816,307) | **TOTAL BANK LOANS** (Cost $65,816,307) | 66040566 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 5.0%** | **Par** | **Value**  |
|  A&D Mortgage LLC, Series 2025-NQM4, Class A1, 5.23%, 10/25/2070 <sup>(a)(c)</sup> | 5007960 | 5024481 |
|  Angel Oak Mortgage Trust LLC, Series 2025-7, Class A1, 5.51%, 06/25/2070 <sup>(a)(c)</sup> | 4803391 | 4854026 |
| BRAVO Residential Funding Trust | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust |
| &nbsp;&nbsp; Series 2025-NQM5, Class A1, 5.50%, 02/25/2065 <sup>(a)(d)</sup> | 1334035 | 1345875 |
| &nbsp;&nbsp; Series 2025-NQM6, Class A1, 5.33%, 06/25/2065 <sup>(a)(c)</sup> | 3432824 | 3456603 |
| &nbsp;&nbsp; Series 2025-NQM7, Class A1A, 5.46%, 07/25/2065 <sup>(a)(c)</sup> | 1393059 | 1406797 |
| &nbsp;&nbsp; Series 2025-NQM8, Class A1, 5.08%, 06/25/2065 <sup>(a)(c)</sup> | 1746684 | 1753302 |
| &nbsp;&nbsp; Series 2025-NQM9, Class A1, 5.04%, 09/25/2065 <sup>(a)(c)</sup> | 7387591 | 7412358 |
|  GCAT, Series 2025-NQM1, Class A1, 5.37%, 11/25/2069 <sup>(a)(c)</sup> | 2525632 | 2543837 |
| JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp; Series 2025-5MPR, Class A1B, 5.59%, 11/25/2055 <sup>(a)(c)</sup> | 355443 | 355842 |
| &nbsp;&nbsp; Series 2025-NQM2, Class A1, 5.57%, 09/25/2065 <sup>(a)(d)</sup> | 1874504 | 1892634 |
| &nbsp;&nbsp; Series 2025-NQM5, Class A1A, 4.88%, 05/25/2065 <sup>(a)(c)</sup> | 5250002 | 5258721 |
|  LHOME Mortgage Trust, Series 2025-RTL1, Class A1, 5.65%, 01/25/2040 <sup>(a)(c)</sup> | 1000000 | 1007210 |
| Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2023-NQM3, Class A1, 5.95%, 02/25/2063 <sup>(a)(c)</sup> | 1344237 | 1344973 |
| &nbsp;&nbsp; Series 2025-NQM1, Class A1, 5.55%, 12/25/2064 <sup>(a)(d)</sup> | 1176831 | 1187335 |
| &nbsp;&nbsp; Series 2025-NQM10, Class A1, 5.45%, 05/25/2065 <sup>(a)(c)</sup> | 2841561 | 2866776 |
| &nbsp;&nbsp; Series 2025-NQM11, Class A1, 5.42%, 05/25/2065 <sup>(a)(c)</sup> | 1163017 | 1173317 |
| &nbsp;&nbsp; Series 2025-NQM14, Class A1, 5.16%, 07/25/2065 <sup>(a)(c)</sup> | 1272460 | 1279124 |
| &nbsp;&nbsp; Series 2025-NQM15, Class A1, 5.14%, 07/27/2065 <sup>(a)(c)</sup> | 1786452 | 1795563 |
| &nbsp;&nbsp; Series 2025-NQM16, Class A1, 4.91%, 08/25/2065 <sup>(a)(d)</sup> | 3302660 | 3307248 |
| &nbsp;&nbsp; Series 2025-NQM18, Class A1, 5.06%, 09/25/2065 <sup>(a)(d)</sup> | 1780408 | 1787369 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $50,822,142) | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $50,822,142) | 51053391 |
| **TOTAL INVESTMENTS - 98.9% (**Cost $995,795,679**)** | **TOTAL INVESTMENTS - 98.9% (**Cost $995,795,679**)** | 1004854843 |
| Money Market Deposit Account - 1.2% <sup>(e)</sup> | Money Market Deposit Account - 1.2% <sup>(e)</sup> | 11694041 |
| Liabilities in Excess of Other Assets - (0.1)% | Liabilities in Excess of Other Assets - (0.1)% | (969840) |
| **TOTAL NET ASSETS - 100.0%** |  | $1015579044 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional
 investors. As of December 31, 2025, the value of these securities total $375,710,873 or 37.0% of the Fund's net assets.

(b) To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or
 sectors.

(c) Step coupon bond. The rate disclosed is as of December 31, 2025.

(d) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the
 coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of December 31, 2025.

(e) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and
 is subject to change daily. The rate as of December 31, 2025 was 3.45%.

------

#### Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
The Trust characterizes its investments as Level 1, Level 2, or Level 3 based upon the various inputs or methodologies used to value the investments. Utilizing the valuation procedures, the Valuation Oversight Committee ("VOC") determines the level in which each investment is characterized. The VOC includes finance, operations, legal, risk and compliance members of the Trust's Adviser, and the Trust's Chief Legal Officer and Chief Compliance Officer. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that a Fund has the ability to access.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing a Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The VOC reviews the valuation procedure periodically (at least annually) to determine the appropriateness of the pricing methodologies used to value each Fund's investments. The VOC also periodically evaluates how the Trust's investments are characterized within the three-tier hierarchy and the appropriateness of third-party pricing sources. The VOC also periodically (at least annually) conducts back-testing of the value of various Level 2 and Level 3 investments to evaluate the effectiveness of the pricing methodologies including the unobservable inputs used to value those investments. Such back-testing includes comparing Level 2 and Level 3 investment values to subsequently available exchange traded prices, transaction prices, and/or observable vendor prices.

The inputs or methodologies used for characterizing each Fund's investments within the three-tier hierarchy are not necessarily an indication of the relative risks associated with investing in those investments. Foreign equity investments that are modified to reflect the estimates of a change in value from the time of the closing valuation in the foreign market until the time of the NYSE close, in accordance with information provided by a foreign fair value service are reflected as Level 2. Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy.

The following is a summary of the inputs used, as of December 31, 2025, in valuing the Funds' assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $516321807 | $– | $516321807 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 145179591 | – | 145179591 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 142934272 | – | 142934272 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 83325216 | – | 83325216 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 66040566 | – | 66040566 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 51053391 | – | 51053391 |
| Total Investments | $– | $1004854843 | $– | $1004854843 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Aristotle Fund Series Trust

- **b. Investment Company Act file number:** 811-23850

- **c. CIK number of Registrant:** 0001959372

- **d. LEI of Registrant:** 549300FDPZVU0VTJQB52

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

  - **Street Address 1:** 11000 Santa Monica Blvd

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90025

  - **Telephone number:** 3104784005

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

- **a. Name of Series:** Aristotle Short Duration Income Fund

- **b. EDGAR series identifier (if any):** S000080057

- **c. LEI of Series:** 549300VT1KBCJFS7TL26

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $1020065551.18

**Total Liabilities:** $4433166.96

**Net Assets:** $1015632384.22

**Delayed Delivery Securities:** $4000000.00

**Cash Not Reported:** $6174248.60

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 19046.611097000000 | **1-Year:** 91473.824644000000 | **5-Year:** 100941.139765000000 | **10-Year:** 4320.582000000000 | **30-Year:** 51.858040000000

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

- **3-Month:** 16281.804062000000 | **1-Year:** 2893.084484000000 | **5-Year:** 3381.118380000000 | **10-Year:** 214.193620000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241672 | 0.35%                | 0.48%                | 0.21%                |
| Class ID C000241673 | 0.29%                | 0.43%                | 0.23%                |
| Class ID C000241674 | 0.29%                | 0.51%                | 0.34%                |
| Class ID C000241675 | 0.37%                | 0.41%                | 0.33%                |
| Class ID C000268433 |  |  | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $756301.38               | $-944876.98                                |
| Month 2  | $134138.22               | $1078806.99                                |
| Month 3  | $352658.23               | $-812769.38                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CITIGROUP INC                  | Citigroup Inc                                                                   | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3881665.25   | 0.38%             | 2028-05-07      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| DailyPay Securitization Trust  | DailyPay Securitization Trust 2025-1                                            | CUSIP: 233824AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $908109.27    | 0.09%             | 2028-06-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                   | Enbridge Inc                                                                    | CUSIP: 29250NCM5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3500000 | PA      | $3506871.27   | 0.35%             | 2028-11-20      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3594425.94   | 0.35%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2024-C                                             | CUSIP: 34532UAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1328383 | PA      | $1329506.43   | 0.13%             | 2027-08-15      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu | GreenSky Home Improvement Issuer Trust 2025-2                                   | CUSIP: 39571VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600689 | PA      | $603229.03    | 0.06%             | 2060-06-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP       | Host Hotels & Resorts LP                                                        | CUSIP: 44107TBE5<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1601939.22   | 0.16%             | 2028-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2019-E                                | CUSIP: 63941MAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    313017 | PA      | $308609.37    | 0.03%             | 2068-05-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Navient Refinance Loan Trust   | Navient Refinance Loan Trust 2025-B                                             | CUSIP: 63943NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    849547 | PA      | $847504.59    | 0.08%             | 2055-09-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM16 Trust                                                            | CUSIP: 67122DAC7<br>LEI: 254900WI6P4MRT24JH23 | Long             | ABS-MBS          | CORP              | US        |   3302660 | PA      | $3307248.22   | 0.33%             | 2065-08-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2024-3 Ltd                                           | CUSIP: 69690EAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1504432.80   | 0.15%             | 2032-08-08      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS       | Santander UK Group Holdings PLC                                                 | CUSIP: 80281LAX3<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2002163.08   | 0.20%             | 2029-09-22      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-2                                   | CUSIP: 80287NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1509546 | PA      | $1511586.89   | 0.15%             | 2028-06-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CNN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $15113085.90  | 1.49%             | 2030-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CPC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9991015.60   | 0.98%             | 2028-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA POWER FUEL SEC        | Virginia Power Fuel Securitization LLC                                          | CUSIP: 92808VAA0<br>LEI: 254900BELJ95ONW6U791 | Long             | DBT              | CORP              | US        |    961957 | PA      | $968689.69    | 0.10%             | 2027-05-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CV2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3010614.78   | 0.30%             | 2027-09-11      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4338773.83   | 0.43%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| PROAMPAC PG BORROWER LLC       | Proampac PG Borrower LLC                                                        | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   2008640 | PA      | $2015318.58   | 0.20%             | 2028-09-15      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| ORYX MIDSTREAM SERVICES        | Oryx Midstream Services Permian Basin LLC                                       | CUSIP: 68764JAJ0<br>LEI: 254900YYHRDANYFAHC43 | Long             | LON              | CORP              | US        |   1989951 | PA      | $2006805.70   | 0.20%             | 2028-10-05      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6850000 | PA      | $6978868.02   | 0.69%             | 2029-01-24      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | Bravo Residential Funding Trust 2025-NQM9                                       | CUSIP: 10569WAC5<br>LEI: 254900XY2WSFF1Q6S467 | Long             | ABS-MBS          | CORP              | US        |   7387591 | PA      | $7412358.17   | 0.73%             | 2065-09-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                    | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4943268.53   | 0.49%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                      | IQVIA Inc                                                                       | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3985751.08   | 0.39%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE TOWERS LLC        | Crown Castle Towers LLC                                                         | CUSIP: 22822RBH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1439031.19   | 0.14%             | 2028-07-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2025-3 Ltd                                           | CUSIP: 696918AC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4650000 | PA      | $4656051.51   | 0.46%             | 2034-01-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2495890.66   | 0.25%             | 2029-01-24      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP           | Las Vegas Sands Corp                                                            | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3214446.67   | 0.32%             | 2027-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2024-2 Ltd                                           | CUSIP: 69703RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5619370 | PA      | $5621970.26   | 0.55%             | 2033-01-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CPN5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23075000 | PA      | $22846052.62  | 2.25%             | 2030-11-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA         | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HBF4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   2350000 | PA      | $2359236.39   | 0.23%             | 2028-08-19      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-B                                | CUSIP: 63941GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3454317 | PA      | $3312347.53   | 0.33%             | 2069-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-F                                | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1373827 | PA      | $1221826.44   | 0.12%             | 2070-02-18      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust      | Nelnet Student Loan Trust 2021-A                                                | CUSIP: 64035DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1160664 | PA      | $1099603.73   | 0.11%             | 2062-04-20      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2023-NQM3 Trust                                                             | CUSIP: 67117PAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1344237 | PA      | $1344972.83   | 0.13%             | 2063-02-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                     | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   4650000 | PA      | $4550306.93   | 0.45%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2025-3 Ltd                                           | CUSIP: 696918AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4850000 | PA      | $4851542.79   | 0.48%             | 2034-01-15      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | Reach ABS Trust 2025-1                                                          | CUSIP: 75525PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    457899 | PA      | $459525.49    | 0.05%             | 2032-08-16      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC         | Roper Technologies Inc                                                          | CUSIP: 776696AK2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   5300000 | PA      | $5319969.61   | 0.52%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2024-5                                   | CUSIP: 802920AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1936618 | PA      | $1939080.72   | 0.19%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr | SoFi Professional Loan Program 2021-B Trust                                     | CUSIP: 83405NAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1656586 | PA      | $1440816.97   | 0.14%             | 2047-02-15      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2016-1 AA PTT       | United Airlines 2016-1 Class AA Pass Through Trust                              | CUSIP: 90931LAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2359455 | PA      | $2301172.79   | 0.23%             | 2028-07-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| IMA FINANCIAL GROUP            | IMA Financial Group Inc                                                         | CUSIP: 44966KAB1<br>LEI: 549300ACX5KO3W14VI97 | Long             | LON              | CORP              | US        |   4129198 | PA      | $4144372.40   | 0.41%             | 2028-11-01      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC           | Chart Industries Inc                                                            | CUSIP: 16115EAT4<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |   3267596 | PA      | $3287218.20   | 0.32%             | 2030-03-18      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                   | SPX FLOW Inc                                                                    | CUSIP: 78470DAW8<br>LEI: 5493003YXEKRBINIEM78 | Long             | LON              | CORP              | US        |    800424 | PA      | $803617.79    | 0.08%             | 2029-04-05      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-3 A PTT        | American Airlines 2016-3 Class A Pass Through Trust                             | CUSIP: 023771S25<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4184069 | PA      | $4018537.10   | 0.40%             | 2028-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4813742.01   | 0.47%             | 2029-05-09      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt | Benefit Street Partners CLO XXV Ltd                                             | CUSIP: 08186YAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $3749780.63   | 0.37%             | 2035-01-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                  | Boeing Co/The                                                                   | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1180429.67   | 0.12%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust Series 2025-NQM8                                | CUSIP: 10571JAA4<br>LEI: 254900Z6C8GAQR4M4U49 | Long             | ABS-MBS          | CORP              | US        |   1746684 | PA      | $1753302.36   | 0.17%             | 2065-06-25      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                    | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2308889.41   | 0.23%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC              | Brown & Brown Inc                                                               | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4555452.47   | 0.45%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                | Danske Bank A/S                                                                 | CUSIP: 23636ABL4<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   4800000 | PA      | $4776118.22   | 0.47%             | 2031-09-12      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 53 CLO Ltd                                                               | CUSIP: 26243EAP6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3250337 | PA      | $3252211.30   | 0.32%             | 2031-01-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV           | Enel Finance International NV                                                   | CUSIP: 29278GBF4<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   4500000 | PA      | $4493319.75   | 0.44%             | 2028-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                    | Exelon Corp                                                                     | CUSIP: 30161NBM2<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   4650000 | PA      | $4782697.56   | 0.47%             | 2029-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GD27<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3499675.52   | 0.34%             | 2029-10-21      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                   | NiSource Inc                                                                    | CUSIP: 65473PAS4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2784732.72   | 0.27%             | 2029-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd          | Palmer Square CLO 2015-1 Ltd                                                    | CUSIP: 69689ABU3<br>LEI: 5493006ZPBFJJGSXB826 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5002416.00   | 0.49%             | 2034-05-21      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2025-2 Ltd                                           | CUSIP: 69704AAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5001825.50   | 0.49%             | 2033-07-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                  | CoreLogic Inc                                                                   | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |   3351250 | PA      | $3358857.34   | 0.33%             | 2028-06-02      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva | Amur Equipment Finance Receivables XV LLC                                       | CUSIP: 03237FAB1<br>LEI: 254900UXD59DZRJ7U848 | Long             | ABS-O            | CORP              | US        |    680016 | PA      | $687206.70    | 0.07%             | 2031-09-22      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ATLAS WAREHOUSE LEND           | Atlas Warehouse Lending Co LP                                                   | CUSIP: 049463AD4<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4129012.28   | 0.41%             | 2028-01-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ATLAS WAREHOUSE LEND           | Atlas Warehouse Lending Co LP                                                   | CUSIP: 049463AF9<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5271525.00   | 0.52%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Bank of America Auto Trust     | BofA Auto Trust 2025-1                                                          | CUSIP: 05594BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    856106 | PA      | $857133.63    | 0.08%             | 2027-11-22      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| AVOLON TLB BORROWER 1 US       | Avolon TLB Borrower 1 US LLC                                                    | CUSIP: 05400KAJ9<br>LEI: 635400O84AGITYFZQB55 | Long             | LON              | CORP              | US        |   3105174 | PA      | $3127127.18   | 0.31%             | 2030-06-24      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $20106640.60  | 1.98%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP             | VICI Properties LP                                                              | CUSIP: 925650AJ2<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   6850000 | PA      | $6923753.81   | 0.68%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC (THE)           | Weir Group PLC/The                                                              | CUSIP: 94876QAA4<br>LEI: 549300KDR56WHY9I3D10 | Long             | DBT              | CORP              | GB        |   4015000 | PA      | $3979275.85   | 0.39%             | 2026-05-13      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2017262.30   | 0.20%             | 2028-01-24      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                | Xcel Energy Inc                                                                 | CUSIP: 98389BBD1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1825146.99   | 0.18%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP              | Hyatt Hotels Corp                                                               | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1273449.93   | 0.13%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC             | Ingersoll Rand Inc                                                              | CUSIP: 45687VAA4<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1757766.05   | 0.17%             | 2028-08-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2025-NQM5                                       | CUSIP: 46664DAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5250002 | PA      | $5258721.20   | 0.52%             | 2065-05-25      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXIV Ltd                                                              | CUSIP: 55954WAN9<br>LEI: 549300P6T1S83Z2MDF55 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250679.78    | 0.02%             | 2035-04-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Southwick Park CLO, Ltd.       | Southwick Park CLO LLC                                                          | CUSIP: 846031AU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5180244 | PA      | $5181028.81   | 0.51%             | 2032-07-20      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                  | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5150000 | PA      | $5211609.86   | 0.51%             | 2029-05-09      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2025-NQM6                                       | CUSIP: 10570MAC4<br>LEI: 254900U9H6FFPW4O4S55 | Long             | ABS-MBS          | CORP              | US        |   3432824 | PA      | $3456603.21   | 0.34%             | 2065-06-25      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-H                                | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3846302 | PA      | $3633702.87   | 0.36%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-G                                | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320595 | PA      | $296461.43    | 0.03%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2021-1                                               | CUSIP: 63942NAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    838819 | PA      | $822988.29    | 0.08%             | 2069-12-26      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2022-B                                | CUSIP: 63942PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4866197 | PA      | $4787731.31   | 0.47%             | 2070-10-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| OGE ENERGY CORP                | OGE Energy Corp                                                                 | CUSIP: 670837AD5<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1711210.66   | 0.17%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                      | Block Inc                                                                       | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    750000 | PA      | $745908.23    | 0.07%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva | AmeriCredit Automobile Receivables Trust 2025-1                                 | CUSIP: 03067FAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1351103.22   | 0.13%             | 2029-03-19      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD / MARTINI BV       | Bacardi Ltd / Bacardi-Martini BV                                                | CUSIP: 05635JAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3060371.13   | 0.30%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8611608.57   | 0.85%             | 2027-09-15      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP         | Extra Space Storage LP                                                          | CUSIP: 30225VAJ6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2273650.46   | 0.22%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1758224.08   | 0.17%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GCAT                           | GCAT 2025-NQM1 Trust                                                            | CUSIP: 36171GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2525632 | PA      | $2543836.55   | 0.25%             | 2069-11-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWV2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1988957.38   | 0.20%             | 2029-04-23      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                 | OWN Equipment Fund II LLC                                                       | CUSIP: 690912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    651291 | PA      | $657515.93    | 0.06%             | 2033-09-26      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273VAZ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3603720.33   | 0.35%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd               | Flatiron CLO 28 Ltd                                                             | CUSIP: 33884EAQ4<br>LEI: 254900U51J2X527SRJ56 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1999521.80   | 0.20%             | 2036-07-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM14 Trust                                                            | CUSIP: 673924AC0<br>LEI: 254900T4WKE0IYMYAI09 | Long             | ABS-MBS          | CORP              | US        |   1272460 | PA      | $1279124.09   | 0.13%             | 2065-07-25      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD          | HUB International Ltd                                                           | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   5008448 | PA      | $5040076.30   | 0.50%             | 2030-06-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                 | Amazon.com Inc                                                                  | CUSIP: 023135CS3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   4950000 | PA      | $4966479.54   | 0.49%             | 2028-11-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                    | Ameren Corp                                                                     | CUSIP: 023608AQ5<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3937265.37   | 0.39%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2025-7                                                 | CUSIP: 03466TAA5<br>LEI: 254900QTRHHMG5RQ9X60 | Long             | ABS-MBS          | CORP              | US        |   4803391 | PA      | $4854025.50   | 0.48%             | 2070-06-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD       | Aspen Insurance Holdings Ltd                                                    | CUSIP: 04530DAE2<br>LEI: 549300YX6HECG9XQCQ75 | Long             | DBT              | CORP              | BM        |   5750000 | PA      | $5999121.34   | 0.59%             | 2030-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2025-NQM7                                       | CUSIP: 10570TAA3<br>LEI: 254900I1LYOO3G3UAT10 | Long             | ABS-MBS          | CORP              | US        |   1393059 | PA      | $1406796.61   | 0.14%             | 2065-07-25      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Buttermilk Park CLO Ltd        | Buttermilk Park CLO Ltd                                                         | CUSIP: 124166AQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2348605 | PA      | $2348943.08   | 0.23%             | 2031-10-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2024-N2                                          | CUSIP: 14687VAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1800000 | PA      | $1837347.48   | 0.18%             | 2030-09-10      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA             | Credit Agricole SA                                                              | CUSIP: 22535WAP2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   3250000 | PA      | $3320190.64   | 0.33%             | 2029-01-09      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                                             | CUSIP: 37940XAV4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3607379.68   | 0.36%             | 2028-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6583114.82   | 0.65%             | 2030-04-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4248685.94   | 0.42%             | 2028-04-23      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu | GreenSky Home Improvement Issuer Trust 2025-1                                   | CUSIP: 39571NAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    317483 | PA      | $318954.96    | 0.03%             | 2060-03-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu | GreenSky Home Improvement Issuer Trust 2025-3                                   | CUSIP: 39571WAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3100000 | PA      | $3102409.63   | 0.31%             | 2060-12-27      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: 404280EM7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4000000 | PA      | $4075381.20   | 0.40%             | 2028-11-19      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2024-2                                             | CUSIP: 43283JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1654838 | PA      | $1686026.39   | 0.17%             | 2038-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                                         | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1362668.44   | 0.13%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3125000 | PA      | $3256690.50   | 0.32%             | 2030-04-18      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Navistar Financial Dealer Note | Navistar Financial Dealer Note Master Owner Trust II 2025-1                     | CUSIP: 63938PBZ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2307407.84   | 0.23%             | 2030-09-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2019-B                                               | CUSIP: 63941LAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    449533 | PA      | $442322.87    | 0.04%             | 2059-12-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| NORDSON CORP                   | Nordson Corp                                                                    | CUSIP: 655663AC6<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | DBT              | CORP              | US        |   6375000 | PA      | $6419968.74   | 0.63%             | 2029-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM1 Trust                                                             | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-MBS          | CORP              | US        |   1176831 | PA      | $1187335.17   | 0.12%             | 2064-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM11 Trust                                                            | CUSIP: 67449BAA1<br>LEI: 254900KNWDG7C03UTA13 | Long             | ABS-MBS          | CORP              | US        |   1163017 | PA      | $1173317.20   | 0.12%             | 2065-05-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| 180 MEDICAL INC                | 180 Medical Inc                                                                 | CUSIP: 682357AA6<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |   3075000 | PA      | $3001318.70   | 0.30%             | 2029-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-1                                             | CUSIP: 69544NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    941980 | PA      | $949928.03    | 0.09%             | 2032-07-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2021-A                                         | CUSIP: 78448YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500770 | PA      | $1353200.06   | 0.13%             | 2053-01-15      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2022-B                                         | CUSIP: 83206NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4959030 | PA      | $4847946.97   | 0.48%             | 2055-02-16      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU       | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   9450000 | PA      | $8865906.84   | 0.87%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                        | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   5950000 | PA      | $5995511.55   | 0.59%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC BORROWER      | Hilton Grand Vacations Borrower LLC                                             | CUSIP: 43283LAH4<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |      5295 | PA      | $5315.78      | 0.00%             | 2028-08-02      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO LLC              | Polaris Newco LLC                                                               | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   1944162 | PA      | $1879285.76   | 0.19%             | 2028-06-05      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                  | TransDigm Inc                                                                   | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   6783889 | PA      | $6817028.20   | 0.67%             | 2031-02-28      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| PROAMPAC PG BORROWER LLC       | Proampac PG Borrower LLC                                                        | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   2569510 | PA      | $2578053.37   | 0.25%             | 2028-09-15      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE                      | CommScope LLC                                                                   | CUSIP: N/A<br>LEI: 549300Z6K4JXMFE8QY54       | Long             | LON              | CORP              | US        |         1 | PA      | $1.27         | 0.00%             | 2029-12-17      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1247372.70   | 0.12%             | 2028-01-20      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXXI Ltd                                                              | CUSIP: 55952FAL2<br>LEI: 549300J3BCFSIZAJJW77 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4001000.00   | 0.39%             | 2034-07-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH         | Molex Electronic Technologies LLC                                               | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4250160.89   | 0.42%             | 2028-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL          | Pinnacle West Capital Corp                                                      | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4279310.36   | 0.42%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2018-A                                         | CUSIP: 78449PAB5<br>LEI: 549300QHI21JZK7YIR34 | Long             | ABS-O            | CORP              | US        |    100188 | PA      | $99312.88     | 0.01%             | 2036-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-1                                   | CUSIP: 80288DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2705086.80   | 0.27%             | 2029-01-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-1                                   | CUSIP: 80288DAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5036304.00   | 0.50%             | 2031-03-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2024-5                                   | CUSIP: 802920AF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $729372.91    | 0.07%             | 2031-01-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRU | SoFi Consumer Loan Program 2025-2 Trust                                         | CUSIP: 83407HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    576618 | PA      | $579790.55    | 0.06%             | 2034-06-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                 | TD SYNNEX Corp                                                                  | CUSIP: 87162WAM2<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3893745.22   | 0.38%             | 2029-01-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TIAA CLO Ltd                   | TIAA CLO IV Ltd                                                                 | CUSIP: 88631YAL1<br>LEI: 5493000Q4E256SBMCY29 | Long             | ABS-CBDO         | CORP              | KY        |    588478 | PA      | $588856.26    | 0.06%             | 2032-01-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP            | Medline Borrower LP                                                             | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    881938 | PA      | $885549.69    | 0.09%             | 2028-10-23      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| SKYMILES IP LTD                | SkyMiles IP Ltd                                                                 | CUSIP: 24736CBT0<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | KY        |   1750000 | PA      | $1767718.75   | 0.17%             | 2028-10-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                | Cigna Group/The                                                                 | CUSIP: 125523CX6<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3323450.69   | 0.33%             | 2030-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                   | CaixaBank SA                                                                    | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $404437.09    | 0.04%             | 2029-07-03      | Variable      | 4.63%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61748UAK8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5498947.80   | 0.54%             | 2029-10-18      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2020-1                                               | CUSIP: 63942FAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1166076 | PA      | $1181439.09   | 0.12%             | 2069-06-25      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2020-2                                               | CUSIP: 63942HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1817372 | PA      | $1609200.47   | 0.16%             | 2069-08-26      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 41 Ltd                                       | CUSIP: 64134BAJ9<br>LEI: 549300RYH1PYRU661D66 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000300.00   | 0.30%             | 2034-04-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM18 Trust                                                            | CUSIP: 673918AC2<br>LEI: 254900JLM1WC0WGYCA96 | Long             | ABS-MBS          | CORP              | US        |   1780408 | PA      | $1787368.98   | 0.18%             | 2065-09-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA       | Cooperatieve Rabobank UA                                                        | CUSIP: 74977RDR2<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   2000000 | PA      | $2021561.46   | 0.20%             | 2028-08-22      | Variable      | 4.66%                 | No            |                  2 | On Loan: No      |
| TIAA CLO Ltd                   | TIAA CLO IV Ltd                                                                 | CUSIP: 88631YAQ0<br>LEI: 5493000Q4E256SBMCY29 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001024.20   | 0.20%             | 2032-01-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner  | Toyota Auto Receivables 2025-B Owner Trust                                      | CUSIP: 89231HAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1094685 | PA      | $1097175.22   | 0.11%             | 2028-03-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                    | CUSIP: 902613AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2000000 | PA      | $2016676.38   | 0.20%             | 2028-05-12      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                    | CUSIP: 902613BL1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4300000 | PA      | $4493211.86   | 0.44%             | 2030-09-13      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2014-2 A PTT        | United Airlines 2014-2 Class A Pass Through Trust                               | CUSIP: 90932QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4890439 | PA      | $4886240.96   | 0.48%             | 2026-09-03      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM       | Amcor Flexibles North America Inc                                               | CUSIP: 02344AAF5<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3247030.75   | 0.32%             | 2028-03-17      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-3 AA PTT       | American Airlines 2016-3 Class AA Pass Through Trust                            | CUSIP: 023771R91<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5399468 | PA      | $5225203.88   | 0.51%             | 2028-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2025-1                                            | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1196645 | PA      | $1197039.09   | 0.12%             | 2030-10-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXV Ltd                                                               | CUSIP: 55955GAA1<br>LEI: 549300WFCL37N4TDUR08 | Long             | ABS-CBDO         | CORP              | KY        |   2302597 | PA      | $2305730.09   | 0.23%             | 2032-01-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21050000 | PA      | $20978873.94  | 2.07%             | 2030-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust           | Verizon Master Trust                                                            | CUSIP: 92348KCH4<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2817764.13   | 0.28%             | 2031-12-22      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC       | Microchip Technology Inc                                                        | CUSIP: 595017BK9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6084461.52   | 0.60%             | 2028-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA         | Morgan Stanley Bank NA                                                          | CUSIP: 61690U8B9<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4337289.18   | 0.43%             | 2028-05-26      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                 | MVW 2020-1 LLC                                                                  | CUSIP: 55400EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    102148 | PA      | $97341.50     | 0.01%             | 2037-10-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA         | Morgan Stanley Bank NA                                                          | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1527889.53   | 0.15%             | 2029-01-12      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-E                                | CUSIP: 63941TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7293424 | PA      | $6899285.62   | 0.68%             | 2069-05-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-G                                | CUSIP: 63942KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    194352 | PA      | $176311.00    | 0.02%             | 2070-04-15      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2024-A                                | CUSIP: 63943CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1599773 | PA      | $1639115.88   | 0.16%             | 2072-10-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2308418.53   | 0.23%             | 2027-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS       | Public Service Enterprise Group Inc                                             | CUSIP: 744573AW6<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10448542.40  | 1.03%             | 2028-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2022-C                                         | CUSIP: 78449CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1282344 | PA      | $1279690.30   | 0.13%             | 2050-05-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2024-1                                   | CUSIP: 80288AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    257698 | PA      | $257765.75    | 0.03%             | 2028-04-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2024-F                                         | CUSIP: 83207VAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210158 | PA      | $212913.60    | 0.02%             | 2054-03-16      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I       | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3878100 | PA      | $3912932.63   | 0.39%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                 | Starbucks Corp                                                                  | CUSIP: 855244BN8<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   5700000 | PA      | $5757821.77   | 0.57%             | 2028-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CBS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11422734.36  | 1.12%             | 2028-03-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| WILLIS NORTH AMERICA INC       | Willis North America Inc                                                        | CUSIP: 970648AP6<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5509016.32   | 0.54%             | 2031-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| UKG INC                        | UKG Inc                                                                         | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   3890397 | PA      | $3898975.31   | 0.38%             | 2031-02-10      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-D                                | CUSIP: 63941HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3931159 | PA      | $3747373.34   | 0.37%             | 2069-05-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-A                                | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    526970 | PA      | $484051.04    | 0.05%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2021-2                                               | CUSIP: 63942QAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1730458 | PA      | $1733427.05   | 0.17%             | 2070-02-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP               | NTT Finance Corp                                                                | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   3750000 | PA      | $3800480.78   | 0.37%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2023-A                                | CUSIP: 638961AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1893331 | PA      | $1938613.98   | 0.19%             | 2071-10-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2018-D                                | CUSIP: 63940UAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    318274 | PA      | $316383.70    | 0.03%             | 2059-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Loan Trust 2020-A                                     | CUSIP: 63941FAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325521 | PA      | $315471.39    | 0.03%             | 2068-11-15      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-C                                | CUSIP: 63942JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5672869 | PA      | $5198208.67   | 0.51%             | 2069-10-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2022-A                                | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1601701 | PA      | $1467745.85   | 0.14%             | 2070-07-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers Clo 42 Ltd                                       | CUSIP: 64133WAL9<br>LEI: 549300LGCRX4YI1JNS93 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1998739.60   | 0.20%             | 2036-07-16      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers Clo 43 Ltd                                       | CUSIP: 64134AAL6<br>LEI: 549300N83MM16HCONB28 | Long             | ABS-CBDO         | CORP              | KY        |   5250000 | PA      | $5260243.80   | 0.52%             | 2036-07-17      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM15 Trust                                                            | CUSIP: 67122CAC9<br>LEI: 254900Y3YIZHUWMEGC78 | Long             | ABS-MBS          | CORP              | US        |   1786452 | PA      | $1795563.17   | 0.18%             | 2065-07-27      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| PROLOGIS TARGETED US           | Prologis Targeted US Logistics Fund LP                                          | CUSIP: 74350LAD6<br>LEI: 5493004DTBWUQ9F2VJ87 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1042711.15   | 0.10%             | 2031-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                                            | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   4650000 | PA      | $4738755.85   | 0.47%             | 2029-01-24      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2021-D                                         | CUSIP: 78449MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1199915 | PA      | $1123438.75   | 0.11%             | 2053-03-17      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-2 AA PTT         | American Airlines 2015-2 Class AA Pass Through Trust                            | CUSIP: 02377BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5160949 | PA      | $5114638.32   | 0.50%             | 2027-09-22      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT          | American Homes 4 Rent LP                                                        | CUSIP: 02666TAA5<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   2808000 | PA      | $2815988.65   | 0.28%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                                    | CUSIP: 06738ECX1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2200000 | PA      | $2242260.24   | 0.22%             | 2029-02-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust                                                        | CUSIP: 46593VAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    355443 | PA      | $355842.15    | 0.04%             | 2055-11-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXII Ltd                                                              | CUSIP: 55954HAW2<br>LEI: 5493000081NBXWGGSW23 | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2105987.10   | 0.21%             | 2036-07-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2018-C                                         | CUSIP: 78449QAB3<br>LEI: 549300V1P5RKG8RJI005 | Long             | ABS-O            | CORP              | US        |    346383 | PA      | $342538.20    | 0.03%             | 2035-11-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES 2015-1AA       | Delta Air Lines 2015-1 Class AA Pass Through Trust                              | CUSIP: 24736XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1199198 | PA      | $1186262.15   | 0.12%             | 2027-07-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 55 CLO Ltd                                                               | CUSIP: 26245MAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    623704 | PA      | $624302.31    | 0.06%             | 2031-04-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2024-1                                               | CUSIP: 33843VAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1530000 | PA      | $1536292.89   | 0.15%             | 2028-10-16      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3521058.35   | 0.35%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE                      | CommScope LLC                                                                   | CUSIP: N/A<br>LEI: 549300Z6K4JXMFE8QY54       | Long             | LON              | CORP              | US        |   3999999 | PA      | $4012718.73   | 0.40%             | 2029-12-17      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-4                                   | CUSIP: 802923AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1503243.45   | 0.15%             | 2029-01-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr | SoFi Professional Loan Program 2020-ATrust                                      | CUSIP: 83406TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    855217 | PA      | $829602.20    | 0.08%             | 2046-05-15      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| US BANK MMDA - USBGFS 9        | US BANK MMDA - USBGFS 9                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   5781667 | NS      | $5781667.31   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK NA CINCINNATI          | US Bank NA/Cincinnati OH                                                        | CUSIP: 90331HPS6<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4040748.60   | 0.40%             | 2028-05-15      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2016-1 B PTT        | United Airlines 2016-1 Class B Pass Through Trust                               | CUSIP: 90933HAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    268229 | PA      | $268150.16    | 0.03%             | 2026-01-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CHE4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $13035292.92  | 1.28%             | 2028-05-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CJN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $4091406.24   | 0.40%             | 2028-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2025-3                                             | CUSIP: 91684FAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1850000 | PA      | $1851226.92   | 0.18%             | 2035-09-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust           | Verizon Master Trust Series 2024-5                                              | CUSIP: 92348KDB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2350000 | PA      | $2427923.42   | 0.24%             | 2032-06-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3989919.97   | 0.39%             | 2029-07-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2017-1AA PTT        | Air Canada 2017-1 Class AA Pass Through Trust                                   | CUSIP: 00908PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1555880 | PA      | $1489522.49   | 0.15%             | 2030-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                 | Air Lease Corp                                                                  | CUSIP: 00914AAT9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3086056.38   | 0.30%             | 2027-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA             | Banco Santander SA                                                              | CUSIP: 05971KAR0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2200000 | PA      | $2202878.50   | 0.22%             | 2030-11-06      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receiva | GM Financial Revolving Receivables Trust 2023-2                                 | CUSIP: 36268DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2362657.95   | 0.23%             | 2036-08-11      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CCB3<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1200778.60   | 0.12%             | 2027-09-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2024-3                                             | CUSIP: 43283NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1802493 | PA      | $1819568.47   | 0.18%             | 2040-08-27      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                                         | CUSIP: 44891ADK0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   5600000 | PA      | $5678095.42   | 0.56%             | 2027-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2025-NQM2                                       | CUSIP: 46590SAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1874504 | PA      | $1892633.82   | 0.19%             | 2065-09-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| JABIL INC                      | Jabil Inc                                                                       | CUSIP: 46656PAA2<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2067179.74   | 0.20%             | 2029-02-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2024-2                                            | CUSIP: 525920AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2101474 | PA      | $2112838.23   | 0.21%             | 2029-05-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC               | APi Group DE Inc                                                                | CUSIP: 00186XAN3<br>LEI: 549300XP4G7B4QYA0G83 | Long             | LON              | CORP              | US        |   1900000 | PA      | $1909300.50   | 0.19%             | 2029-01-03      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $6214530.79   | 0.61%             | 2029-04-23      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| PRIMO BRANDS CORP              | Primo Brands Corp                                                               | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |   2089447 | PA      | $2097815.48   | 0.21%             | 2028-03-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                                            | CUSIP: 78017DAK4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3250000 | PA      | $3283025.33   | 0.32%             | 2029-08-06      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                                            | CUSIP: 78017DAN8<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   6400000 | PA      | $6407016.77   | 0.63%             | 2028-11-03      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust    | SBNA Auto Receivables Trust 2024-A                                              | CUSIP: 78437PAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1012581.00   | 0.10%             | 2029-09-17      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2018-B                                         | CUSIP: 78449LAB4<br>LEI: 549300INMCHM7L5O6M41 | Long             | ABS-O            | CORP              | US        |    307478 | PA      | $305173.49    | 0.03%             | 2037-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2019-A                                         | CUSIP: 78449TAB7<br>LEI: 549300WEYOS38NWU8D22 | Long             | ABS-O            | CORP              | US        |    846733 | PA      | $838631.26    | 0.08%             | 2036-07-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-3                                   | CUSIP: 80288JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2462061 | PA      | $2467998.98   | 0.24%             | 2028-10-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-3                                   | CUSIP: 80288JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1800000 | PA      | $1814488.56   | 0.18%             | 2031-09-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin | Santander Bank Auto Credit-Linked Notes Series 2024-A                           | CUSIP: 80290CCJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    162874 | PA      | $164730.92    | 0.02%             | 2032-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP           | Targa Resources Corp                                                            | CUSIP: 87612GAE1<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3738373.97   | 0.37%             | 2029-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CKG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4575410.15   | 0.45%             | 2029-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                                         | CUSIP: 404119DD8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   4235000 | PA      | $4220203.16   | 0.42%             | 2030-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2021-1W LLC                                                                 | CUSIP: 55389TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    333653 | PA      | $320414.33    | 0.03%             | 2041-01-22      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXV Ltd                                                               | CUSIP: 55955GAB9<br>LEI: 549300WFCL37N4TDUR08 | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1301236.04   | 0.13%             | 2032-01-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599CB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3090284.25   | 0.30%             | 2030-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP             | Regal Rexnord Corp                                                              | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   1153000 | PA      | $1193273.46   | 0.12%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP            | Medline Borrower LP                                                             | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   4463725 | PA      | $4485351.83   | 0.44%             | 2030-10-23      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                | Concentrix Corp                                                                 | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3888279.20   | 0.38%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC            | Dominion Energy Inc                                                             | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2025260.24   | 0.20%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2022-1                                               | CUSIP: 33845VAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1856908 | PA      | $1841174.77   | 0.18%             | 2028-03-15      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2024-A                                             | CUSIP: 34535EAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3056724.00   | 0.30%             | 2029-11-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                 | CUSIP: 37045XEU6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4408924.37   | 0.43%             | 2029-07-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust           | LHOME Mortgage Trust 2025-RTL1                                                  | CUSIP: 50205UAA9<br>LEI: 5299002NGIWITLMXOH85 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1007210.00   | 0.10%             | 2040-01-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| LENNOX INTERNATIONAL INC       | Lennox International Inc                                                        | CUSIP: 526107AG2<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $4080554.06   | 0.40%             | 2028-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                 | OWN Equipment Fund I LLC                                                        | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245694 | PA      | $249433.02    | 0.02%             | 2032-12-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2022-A                                         | CUSIP: 78450FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2285435 | PA      | $2160402.42   | 0.21%             | 2054-11-16      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO              | Southern Power Co                                                               | CUSIP: 843646AX8<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1845963.30   | 0.18%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                    | CUSIP: 902613BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2400000 | PA      | $2482935.89   | 0.24%             | 2030-02-08      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC          | Ellucian Holdings Inc                                                           | CUSIP: 28917XAB6<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    949472 | PA      | $956000.10    | 0.09%             | 2029-10-09      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| TEMPO ACQUISITION LLC          | Tempo Acquisition LLC                                                           | CUSIP: 88023HAJ9<br>LEI: 549300VV0B2RPMHQGA61 | Long             | LON              | CORP              | US        |   3653373 | PA      | $3521522.41   | 0.35%             | 2028-08-31      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| UPG HI Issuer Trust            | UPG HI 2025-2 Issuer Trust                                                      | CUSIP: 90321EAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $700623.21    | 0.07%             | 2047-09-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CGP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6500000 | PA      | $6568681.67   | 0.65%             | 2028-02-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                  | DTE Energy Co                                                                   | CUSIP: 233331BK2<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   8875000 | PA      | $9097358.60   | 0.90%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2023-3                                               | CUSIP: 33846BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3950000 | PA      | $3957718.30   | 0.39%             | 2029-07-16      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F | Ford Credit Auto Owner Trust 2023-REV1                                          | CUSIP: 34535QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2041030.60   | 0.20%             | 2035-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2024-1B                                            | CUSIP: 43283YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    599127 | PA      | $609478.90    | 0.06%             | 2039-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2020-A                                             | CUSIP: 43285HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     61880 | PA      | $60712.26     | 0.01%             | 2039-02-25      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2023-1                                             | CUSIP: 432917AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1057772 | PA      | $1075022.69   | 0.11%             | 2038-01-25      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6821776.33   | 0.67%             | 2028-01-23      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                                | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   5850000 | PA      | $5965786.07   | 0.59%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                                        | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $764482.55    | 0.08%             | 2028-11-26      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2021-E                                         | CUSIP: 78450MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1196173 | PA      | $1140438.13   | 0.11%             | 2051-02-15      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| INDICOR LLC                    | Indicor LLC                                                                     | CUSIP: 77669LAK9<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |   3900896 | PA      | $3928924.44   | 0.39%             | 2029-11-23      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust             | A&D Mortgage Trust 2025-NQM4                                                    | CUSIP: 002941AA0<br>LEI: 9845006Y6D399D9E8O78 | Long             | ABS-MBS          | CORP              | US        |   5007960 | PA      | $5024480.72   | 0.49%             | 2070-10-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                                             | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1523377.61   | 0.15%             | 2029-04-25      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                                             | CUSIP: 025816EJ4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1208937.18   | 0.12%             | 2029-07-20      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                                    | CUSIP: 06738EDD4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2800000 | PA      | $2815825.99   | 0.28%             | 2029-11-11      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                 | CarVal CLO I Ltd                                                                | CUSIP: 146865AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6784549 | PA      | $6794709.19   | 0.67%             | 2031-07-16      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust            | DT Auto Owner Trust 2021-3                                                      | CUSIP: 23344QAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500934 | PA      | $498565.15    | 0.05%             | 2027-05-17      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                | Danske Bank A/S                                                                 | CUSIP: 23636ABG5<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   4400000 | PA      | $4469190.00   | 0.44%             | 2028-03-01      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4746246.55   | 0.47%             | 2029-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 15 Ltd             | Elmwood CLO 15 Ltd                                                              | CUSIP: 29003JAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2001494.20   | 0.20%             | 2035-04-22      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC             | Meta Platforms Inc                                                              | CUSIP: 30303MAB8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2956989.91   | 0.29%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC       | Icon Investments Six DAC                                                        | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   2800000 | PA      | $2858699.31   | 0.28%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PDA1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2008492.70   | 0.20%             | 2028-04-26      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5495000 | PA      | $5605838.55   | 0.55%             | 2028-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3585316.18   | 0.35%             | 2028-10-22      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                                | CUSIP: 50212YAF1<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    950000 | PA      | $925527.48    | 0.09%             | 2031-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2024-2 LLC                                                                  | CUSIP: 55389QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2799127 | PA      | $2804555.16   | 0.28%             | 2042-03-20      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10199194.50  | 1.00%             | 2029-04-12      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Loan Trust 2018-B                                     | CUSIP: 63940QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40020 | PA      | $39766.64     | 0.00%             | 2059-12-15      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-F                                | CUSIP: 63941XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    395666 | PA      | $374719.18    | 0.04%             | 2069-07-15      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CJA0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8000000 | PA      | $8227343.76   | 0.81%             | 2028-09-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC    | Allied Universal Holdco LLC, Senior Secured First Lien Term Loan                | CUSIP: 01957TAX5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3491250 | PA      | $3513611.46   | 0.35%             | 2032-08-20      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                | BAE Systems PLC                                                                 | CUSIP: 05523RAH0<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   2800000 | PA      | $2834727.95   | 0.28%             | 2027-03-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                | BAE Systems PLC                                                                 | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2058488.82   | 0.20%             | 2029-03-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA             | Banco Santander SA                                                              | CUSIP: 05964HBF1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   3400000 | PA      | $3467435.06   | 0.34%             | 2028-07-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Basswood Park CLO Ltd          | Basswood Park CLO Ltd                                                           | CUSIP: 070252AJ0<br>LEI: 5493005HSAGIQZIVAS94 | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4499737.20   | 0.44%             | 2034-04-20      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                  | CUSIP: 09659W2F0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1002284.01   | 0.10%             | 2028-08-14      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC        | Booz Allen Hamilton Inc                                                         | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   9648000 | PA      | $9474270.59   | 0.93%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2025-NQM5                                       | CUSIP: 10569RAC6<br>LEI: 254900HGOJX787MBR512 | Long             | ABS-MBS          | CORP              | US        |   1334035 | PA      | $1345874.48   | 0.13%             | 2065-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 19-1 A PTT         | British Airways 2019-1 Class A Pass Through Trust                               | CUSIP: 11043XAB9<br>LEI: 635400GSHSFIWYIDXC76 | Long             | DBT              | CORP              | US        |   2278583 | PA      | $2218180.70   | 0.22%             | 2029-06-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273VAS9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1576178.79   | 0.16%             | 2028-12-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS         | Federation des Caisses Desjardins du Quebec                                     | CUSIP: 31429KAP8<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |   3125000 | PA      | $3149468.34   | 0.31%             | 2030-08-26      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F | Ford Credit Auto Owner Trust 2024-REV1                                          | CUSIP: 34533BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3300000 | PA      | $3386483.43   | 0.33%             | 2036-08-15      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1470190.57   | 0.14%             | 2030-10-23      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: 404280ED7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3550000 | PA      | $3681477.55   | 0.36%             | 2030-03-04      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2022-2                                             | CUSIP: 43283GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    470856 | PA      | $469312.25    | 0.05%             | 2037-01-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10159933.50  | 1.00%             | 2027-10-22      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                                        | CUSIP: 539439BD0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $813246.35    | 0.08%             | 2029-06-13      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2022-1 LLC                                                                  | CUSIP: 55400UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    274026 | PA      | $273086.26    | 0.03%             | 2039-11-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2024-1 LLC                                                                  | CUSIP: 62847RAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2872383 | PA      | $2929001.47   | 0.29%             | 2043-02-20      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2019-G                                | CUSIP: 63941JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1669862 | PA      | $1621305.69   | 0.16%             | 2068-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust   | Navient Education Loan Trust 2025-A                                             | CUSIP: 63943EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1071269 | PA      | $1083393.14   | 0.11%             | 2055-07-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM10 Trust                                                            | CUSIP: 67121LAA4<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-MBS          | CORP              | US        |   2841561 | PA      | $2866776.27   | 0.28%             | 2065-05-25      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-11                                            | CUSIP: 69544AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    580187 | PA      | $583210.85    | 0.06%             | 2032-07-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2024-1 Ltd                                           | CUSIP: 69703NAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3420530 | PA      | $3421451.91   | 0.34%             | 2032-10-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP             | Regal Rexnord Corp                                                              | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   6412000 | PA      | $6424689.99   | 0.63%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2025-1                                 | CUSIP: 76089YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1337996 | PA      | $1342328.45   | 0.13%             | 2033-06-27      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP TRUST        | Kite Realty Group Trust                                                         | CUSIP: 76131VAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4350578.41   | 0.43%             | 2030-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust                                                | CUSIP: 78449XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    924982 | PA      | $871406.59    | 0.09%             | 2053-07-15      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** Aristotle Fund Series Trust

**Signature:** /s/ Josh Schwab

**Name of Signer:** Aristotle Fund Series Trust

**Title:** Treasurer