# EDGAR Filing Document

**Accession Number:** 0001727074
**File Stem:** 0000940400-26-014280
**Filing Date:** 2026-4
**Character Count:** 606102
**Document Hash:** 3ed8774befad202d1f54fc0d118e72eb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-014280.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0000940400-26-014280

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PGIM ETF TRUST
- **CENTRAL INDEX KEY:** 0001727074

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23324
- **FILM NUMBER:** 26887930

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 802-5032

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

## Series and Classes Contracts Data

### PGIM Total Return Bond ETF (Series ID: S000074500)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000232454 | PGIM Total Return Bond ETF | PTRB            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PGIM ETF Trust

- **b. Investment Company Act file number:** 811-23324

- **c. CIK number of Registrant:** 0001727074

- **d. LEI of Registrant:** 549300OXS91LYTDQF355

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

  - **Street Address 1:** 655 Broad Street

  - **City:** Newark

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07102-4077

  - **Telephone number:** 888-247-8090

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

- **a. Name of Series:** PGIM Total Return Bond ETF

- **b. EDGAR series identifier (if any):** S000074500

- **c. LEI of Series:** 549300KSB5ELQI845O14

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-27

**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:** $918144463.36

**Total Liabilities:** $45972747.62

**Net Assets:** $872171715.74

**Delayed Delivery Securities:** $8225868.70

**Stand-by Commitments:** $30409645.85

**Cash Not Reported:** $221904.36

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 821.74047000 | **1-Year:** 33394.84977000 | **5-Year:** 164073.30955000 | **10-Year:** 66138.78711000 | **30-Year:** 4097.76536000

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

- **3-Month:** 303.89063000 | **1-Year:** 6794.25603000 | **5-Year:** 10928.87411000 | **10-Year:** 2178.73132000 | **30-Year:** 29.49406000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000232454 | -0.19%               | 0.29%                | 1.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $391652.12               | $-2842363.30                               |
| Month 2  | $764612.35               | $-748423.46                                |
| Month 3  | $461288.06               | $8779581.90                                |

**Designated Index Information**

- **Index Name:** PGIM Total Return Bond ETF_Ex Derivatives BM

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bank of America, National Association                                                           | TRY/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $2481.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                                         | USD/THB FORWARD                                                    | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-5353.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                     | 5-Year T-Note Futures, Jun-2026,ETH                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       361 | NC      | $192573.29    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                                                                                         | MPLX 4.95 03/14/52                                                 | CUSIP: 55336VBT6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    750000 | PA      | $645955.88    | 0.07%             | 2052-03-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SUNOCO LOGISTICS PARTNERS OPERATIONS LP                                                         | ET 5.4 10/01/47                                                    | CUSIP: 86765BAV1<br>LEI: 5493006LL0CKP8WQW329 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $990604.34    | 0.11%             | 2047-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Kinross Gold Corp.                                                                              | KCN 6.25 07/15/33                                                  | CUSIP: 496902AT4<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | DBT              | CORP              | CA        |    320000 | PA      | $352205.57    | 0.04%             | 2033-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4080                                                          | CUSIP: 31418DRA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    610100 | PA      | $580594.31    | 0.07%             | 2050-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                                         | BPCEGP V2.045 10/19/27 144A                                        | CUSIP: 05583JAK8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    340000 | PA      | $335905.35    | 0.04%             | 2027-10-19      | Fixed         | 2.04%                 | Yes           |                  2 | On Loan: No      |
| Cox Communications, Inc.                                                                        | COXENT 2.6 06/15/31 144A                                           | CUSIP: 224044CN5<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    535000 | PA      | $482635.46    | 0.06%             | 2031-06-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                                      | OKE 6.05 09/01/33                                                  | CUSIP: 682680BL6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    130000 | PA      | $139613.89    | 0.02%             | 2033-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Sally Holdings LLC                                                                              | SBH 6.75 03/01/32                                                  | CUSIP: 79546VAQ9<br>LEI: 3GM3SMNQ8UJOJU9DFN26 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41525.72     | 0.00%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                                                                     | NTRCN 4.9 03/27/28                                                 | CUSIP: 67077MBA5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |     55000 | PA      | $55988.12     | 0.01%             | 2028-03-27      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                                | PCG 4.5 07/01/40                                                   | CUSIP: 694308JQ1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    110000 | PA      | $97809.76     | 0.01%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS REPUBLIC OF GREECE                                             | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $1304.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | CAS 2022-R03 1B1                                                   | CUSIP: 20753XAF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     15000 | PA      | $15817.42     | 0.00%             | 2042-03-25      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS 2025-1 ISSUER TRUST                                                          | STRE 2025-1A A                                                     | CUSIP: 86324XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    371728 | PA      | $378057.28    | 0.04%             | 2045-09-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                           | SOCGEN V4.45 04/12/30 144A                                         | CUSIP: 83368RCL4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1425000 | PA      | $1432354.57   | 0.16%             | 2030-04-12      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                                                                   | UVN 8 08/15/28 144A                                                | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82297.23     | 0.01%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                               | HRI 5.75 03/15/31 144A                                             | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    645000 | PA      | $653884.76    | 0.07%             | 2031-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commercial Metals Company                                                                       | CMC 5.75 11/15/33 144A                                             | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61149.06     | 0.01%             | 2033-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                                    | MAR 4.9 04/15/29                                                   | CUSIP: 571903BL6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30733.61     | 0.00%             | 2029-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA4382                                                          | CUSIP: 36179S2P1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    710918 | PA      | $683656.07    | 0.08%             | 2047-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANKS                                                                         | FR SD7552                                                          | CUSIP: 3132DVL94<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |    428400 | PA      | $379437.23    | 0.04%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                                      | OKE 5.8 11/01/30                                                   | CUSIP: 682680BK8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1775334.57   | 0.20%             | 2030-11-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                                                                   | USD/CNH FORWARD                                                    | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              | CORP              | US        |         1 | NC      | $20126.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                        | T 3.55 09/15/55                                                    | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    275000 | PA      | $185967.91    | 0.02%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| NRTH COMMERCIAL MORTGAGE TRUST 2025-PARK                                                        | NRTH 2025-PARK A                                                   | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1102062.50   | 0.13%             | 2040-10-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Solstice Advanced Materials Inc.                                                                | SOLADV 5.625 09/30/33 144A                                         | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121369.72    | 0.01%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Beazer Homes USA Inc.                                                                           | BZH 7.25 10/15/29                                                  | CUSIP: 07556QBT1<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    325000 | PA      | $331414.02    | 0.04%             | 2029-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Arsenal AIC Parent LLC                                                                          | ARNC 11.5 10/01/31 144A                                            | CUSIP: 04288BAC4<br>LEI: 254900G9F9HA5EP57J39 | Long             | DBT              | CORP              | US        |    275000 | PA      | $303195.20    | 0.03%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Transocean International Ltd.                                                                   | RIG 8.25 05/15/29 144A                                             | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     35000 | PA      | $36356.25     | 0.00%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                                          | FANG 6.25 03/15/33                                                 | CUSIP: 25278XAV1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    400000 | PA      | $437077.91    | 0.05%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / Allied Universal Finance Corporation                              | UNSEAM 7.875 02/15/31 144A                                         | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    200000 | PA      | $211287.55    | 0.02%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FR SD8134                                                          | CUSIP: 3132DWBB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    446636 | PA      | $373099.06    | 0.04%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Transcontinental Gas Pipe Line Company, LLC                                                     | WMB 4.6 03/15/48                                                   | CUSIP: 893574AM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    430000 | PA      | $376573.71    | 0.04%             | 2048-03-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS REPUBLIC OF COLOMBIA                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $850.92       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V10 MORTGAGE TRUST                                                               | BMARK 2024-V10 A3                                                  | CUSIP: 08163UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1088698.28   | 0.12%             | 2057-09-17      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST 2025-EWEST                                                                           | BFLD 2025-EWEST A                                                  | CUSIP: 05494JAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    349000 | PA      | $349515.26    | 0.04%             | 2042-06-16      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| GENESIS SLS FIN MSTR TR 2019-A                                                                  | GSFMT 2024-B A                                                     | CUSIP: 37186XAX3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1013770.30   | 0.12%             | 2032-12-20      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corporation                                                         | AQNCN 5.365 06/15/26                                               | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $175437.50    | 0.02%             | 2026-06-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8268                                                          | CUSIP: 3132DWFH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2034342 | PA      | $2078190.76   | 0.24%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cox Communications, Inc.                                                                        | COXENT 1.8 10/01/30 144A                                           | CUSIP: 224044CL9<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    265000 | PA      | $234565.48    | 0.03%             | 2030-10-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                                         | MPLX 1.75 03/01/26                                                 | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    360000 | PA      | $360000.00    | 0.04%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Transocean International Ltd.                                                                   | RIG 8.75 02/15/30 144A                                             | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    700000 | PA      | $731500.00    | 0.08%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                               | CSCHLD 5.5 04/15/27 144A                                           | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $169204.13    | 0.02%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                           | ROMANI 5.5 09/18/28 REGS                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    170000 | PA      | $213677.59    | 0.02%             | 2028-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                                                | USD/EUR FORWARD                                                    | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-70863.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Realty Income Corporation                                                                       | O 2.7 02/15/32                                                     | CUSIP: 756109CE2<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    135000 | PA      | $123554.36    | 0.01%             | 2032-02-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BXMT 2025-FL5 LTD                                                                               | BXMT 2025-FL5 A                                                    | CUSIP: 05613YAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    430000 | PA      | $430839.15    | 0.05%             | 2042-10-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| FEDEX FREIGHT HOLDING COMPANY INC                                                               | FDX 4.65 03/15/31 144A                                             | CUSIP: 314352AC9<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1030549.23   | 0.12%             | 2031-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H5 MORTGAGE TRUST                                                                    | CROSS 2025-H5 A1                                                   | CUSIP: 227920AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    621824 | PA      | $628099.12    | 0.07%             | 2070-07-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                               | HRI 7 06/15/30 144A                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     90000 | PA      | $94288.74     | 0.01%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc                                                                                | MRK 2.9 12/10/61                                                   | CUSIP: 58933YBG9<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |     55000 | PA      | $32574.60     | 0.00%             | 2061-12-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp.                                                                        | SBAC 3.125 02/01/29                                                | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144334.78    | 0.02%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Dcli Bidco LLC                                                                                  | DIRCHA 7.75 11/15/29 144A                                          | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    505000 | PA      | $517815.55    | 0.06%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4282                                                          | CUSIP: 31418DXL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7185800 | PA      | $6290527.93   | 0.72%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                                                      | AMT 3.95 03/15/29                                                  | CUSIP: 03027XAU4<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    660000 | PA      | $657682.47    | 0.08%             | 2029-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS REPUBLIC OF FRANCE                                             | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $687.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                      | BA 3.3 03/01/35                                                    | CUSIP: 097023BK0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    190000 | PA      | $167739.46    | 0.02%             | 2035-03-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corporation                                                                            | DISH 7.75 07/01/26                                                 | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1656975.82   | 0.19%             | 2026-07-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8201                                                          | CUSIP: 3132DWDE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2718550 | PA      | $2464277.66   | 0.28%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                                                        | JBS 6.5 12/01/52                                                   | CUSIP: 46590XAX4<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $105267.16    | 0.01%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                            | RY V4.696 08/06/31                                                 | CUSIP: 78017DAM0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1140000 | PA      | $1164583.42   | 0.13%             | 2031-08-06      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4876                                                          | CUSIP: 31418EM23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2364743 | PA      | $2447576.78   | 0.28%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                                               | POWSOL 6.75 02/15/30 144A                                          | CUSIP: 18060TAD7<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $26186.50     | 0.00%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP                                                        | WAB 4.7 09/15/28                                                   | CUSIP: 960386AM2<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142180.52    | 0.02%             | 2028-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NRTH COMMERCIAL MORTGAGE TRUST 2025-PARK                                                        | NRTH 2025-PARK B                                                   | CUSIP: 669985AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $902809.71    | 0.10%             | 2040-10-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM18 TRUST                                                                            | OBX 2025-NQM18 A1                                                  | CUSIP: 673918AC2<br>LEI: 254900JLM1WC0WGYCA96 | Long             | ABS-O            | CORP              | US        |    807034 | PA      | $812811.62    | 0.09%             | 2065-09-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | EUR CALL VERSUS CZK PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   -420000 | NC      | $-21.96       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ball Corporation                                                                                | BALL 5.5 09/15/33                                                  | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164611.60    | 0.02%             | 2033-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commercial Metals Company                                                                       | CMC 6 12/15/35 144A                                                | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66537.51     | 0.01%             | 2035-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                                                                          | LUV 5.125 06/15/27                                                 | CUSIP: 844741BK3<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141625.91    | 0.02%             | 2027-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                                         | HYNMTR 4.85 03/25/27 144A                                          | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    535000 | PA      | $539853.64    | 0.06%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINL ISSUA TR 2023-2                                                                    | OMFIT 2023-2A D                                                    | CUSIP: 68269HAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $104405.79    | 0.01%             | 2036-09-15      | Fixed         | 7.52%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                                      | BATSLN 4.39 08/15/37                                               | CUSIP: 05526DBD6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    400000 | PA      | $373396.96    | 0.04%             | 2037-08-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING 7 LP                                                                      | PKAIR 2025-2 A                                                     | CUSIP: 69291NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475416 | PA      | $478443.85    | 0.05%             | 2043-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4306                                                          | CUSIP: 31418DYC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1017109 | PA      | $889493.16    | 0.10%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                    | THC 4.375 01/15/30                                                 | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    550000 | PA      | $539868.53    | 0.06%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4305                                                          | CUSIP: 31418DYB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2565476 | PA      | $2141750.71   | 0.25%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD/TRY FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $2345.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEMAIN FINL ISSUA TR 2023-2                                                                    | OMFIT 2023-2A C                                                    | CUSIP: 68269HAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103842.40    | 0.01%             | 2036-09-15      | Fixed         | 6.74%                 | No            |                  2 | On Loan: No      |
| PRKCM 2026-AFC1 TRUST                                                                           | PRKCM 2026-AFC1 A1                                                 | CUSIP: 74277KAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    998414 | PA      | $998510.94    | 0.11%             | 2061-02-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| Wcore Commercial Mortgage Trust 2024-Core                                                       | WCORE 2024-CORE A                                                  | CUSIP: 951913AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1020000 | PA      | $1020283.36   | 0.12%             | 2041-11-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| B&G Foods, Inc.                                                                                 | BGS 5.25 09/15/27                                                  | CUSIP: 05508WAB1<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194142.46    | 0.02%             | 2027-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA8270                                                          | CUSIP: 36179XFK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    154508 | PA      | $158123.81    | 0.02%             | 2052-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ELMWOOD CLO II LTD                                                                              | ELMW2 2019-2A A1RR                                                 | CUSIP: 29001LAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2504770.00   | 0.29%             | 2037-10-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                                                         | VW 5.25 03/22/29 144A                                              | CUSIP: 928668CG5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1970128.70   | 0.23%             | 2029-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                                    | MAR 3.5 10/15/32 GG                                                | CUSIP: 571903BF9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    540000 | PA      | $509392.60    | 0.06%             | 2032-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                                           | ARE 4.75 04/15/35                                                  | CUSIP: 015271BA6<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29224.02     | 0.00%             | 2035-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 02/15/42                                                       | CUSIP: 912834LB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    745000 | PA      | $354507.23    | 0.04%             | 2042-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              | CORP              | US        |   1512000 | OU      | $1878.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP                                                                    | AM 6.625 02/01/32 144A                                             | CUSIP: 03690AAK2<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62311.27     | 0.01%             | 2032-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Limited                                                              | FFHCN 3.375 03/03/31                                               | CUSIP: 303901BJ0<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    115000 | PA      | $109574.15    | 0.01%             | 2031-03-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                       | IVYCST 6.75 02/25/41 144A                                          | CUSIP: 221625AX4<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    635000 | PA      | $605790.00    | 0.07%             | 2041-02-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 02/15/44                                                       | CUSIP: 912834NF1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2890000 | PA      | $1225476.99   | 0.14%             | 2044-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co.                                                                                 | LLY 5.2 08/14/64                                                   | CUSIP: 532457CT3<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117794.48    | 0.01%             | 2064-08-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD FINANCIAL CORP                                                                      | FITB V5.982 01/30/30                                               | CUSIP: 200340AW7<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    716000 | PA      | $750478.42    | 0.09%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8179                                                          | CUSIP: 3132DWCQ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    653932 | PA      | $594585.23    | 0.07%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                            | JPM V2.739 10/15/30                                                | CUSIP: 46647PBE5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2762000 | PA      | $2640449.90   | 0.30%             | 2030-10-15      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2022-R04                                                    | CAS 2022-R04 1B1                                                   | CUSIP: 20753YAF9<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     20000 | PA      | $20850.82     | 0.00%             | 2042-03-25      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS SA DE CV                                                                    | PEMEX 9.5 09/15/27 **                                              | CUSIP: 706451BD2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    383000 | PA      | $407875.85    | 0.05%             | 2027-09-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                                                           | USD CALL VERSUS TRY PUT                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |   1784000 | NC      | $340.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Avoca Capital CLO X Designated Activity Company                                                 | AVOCA 10A B1RR                                                     | CUSIP: 000000000<br>LEI: 635400SFFWCTHJHBZK84 | Long             | ABS-O            | CORP              | IE        |    250000 | PA      | $293850.24    | 0.03%             | 2035-04-15      | Floating      | 3.37%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                                                                          | LUMN 5.375 06/15/29 144A                                           | CUSIP: 550241AA1<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    300000 | PA      | $287362.35    | 0.03%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ccubs Coml Mtg Tr 2017-C1                                                                       | CCUBS 2017-C1 A3                                                   | CUSIP: 12508GAT3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    852981 | PA      | $839805.86    | 0.10%             | 2050-11-17      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                                        | HCA 4.625 03/15/52                                                 | CUSIP: 404119CL1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    645000 | PA      | $534957.48    | 0.06%             | 2052-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                             | EXE 5.375 02/01/29                                                 | CUSIP: 845467AR0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49927.00     | 0.01%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH COMPANIES LLC                                                                    | ABIBB 4.9 02/01/46 *                                               | CUSIP: 03522AAJ9<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | US        |     38000 | PA      | $35691.86     | 0.00%             | 2046-02-01      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4549                                                          | CUSIP: 31418EBT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2915953 | PA      | $2643597.46   | 0.30%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                                                 | TMHC 5.75 11/15/32 144A                                            | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41312.22     | 0.00%             | 2032-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                                          | TFC V7.161 10/30/29 MTN                                            | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     85000 | PA      | $91440.07     | 0.01%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2025 CES3                                                             | TPMT 2025-CES3 A1A                                                 | CUSIP: 891949BU2<br>LEI: 254900XDQGDYHMUKZJ77 | Long             | ABS-O            | CORP              | US        |    714727 | PA      | $721463.72    | 0.08%             | 2065-08-25      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              | CORP              | US        |  -1512000 | OU      | $-3680.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                                                       | USD/INR FORWARD                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-6170.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| B&G Foods, Inc.                                                                                 | BGS 8 09/15/28 144A                                                | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    275000 | PA      | $266815.68    | 0.03%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| X AI LLC / X AI Co Issuer Corp.                                                                 | XAIXXX 12.5 06/30/30                                               | CUSIP: 983984AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $711833.95    | 0.08%             | 2030-06-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2022-DNA6                                                         | STACR 2022-DNA6 M1B                                                | CUSIP: 35564KH44<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-O            | USGSE             | US        |    600000 | PA      | $623366.16    | 0.07%             | 2042-09-25      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA8271                                                          | CUSIP: 36179XFL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    332060 | PA      | $341776.34    | 0.04%             | 2052-09-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 4.125 08/15/53                                                   | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    675000 | PA      | $619312.50    | 0.07%             | 2053-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                 | PFSI 4.25 02/15/29 144A                                            | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    375000 | PA      | $360506.72    | 0.04%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GALLATIN CLO XI 2024-1 LTD/LLC                                                                  | GALL 2024-1A B                                                     | CUSIP: 36362HAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   2000000 | PA      | $2006299.40   | 0.23%             | 2037-10-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                                                           | RCL 6.25 03/15/32 144A                                             | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1795000 | PA      | $1871283.19   | 0.21%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8177                                                          | CUSIP: 3132DWCN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    489026 | PA      | $406881.60    | 0.05%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                                     | CRGYFN 9.25 02/15/28 144A                                          | CUSIP: 45344LAC7<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28746.13     | 0.00%             | 2028-02-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                    | CZK/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1719.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                                                  | WFCM 2020-C58 A3                                                   | CUSIP: 95002UAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    114730 | PA      | $105380.31    | 0.01%             | 2053-07-17      | Fixed         | 1.81%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                                  | ECOPET 8.625 01/19/29                                              | CUSIP: 279158AT6<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    220000 | PA      | $234763.47    | 0.03%             | 2029-01-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| DIGICEL INTERNATIONAL FINANCE LTD                                                               | DIGDIF 8.625 08/01/32 144A                                         | CUSIP: 25381MAA5<br>LEI: 5493007V023VOEW4FK27 | Long             | DBT              | CORP              | BM        |    635000 | PA      | $660887.36    | 0.08%             | 2032-08-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA8201                                                          | CUSIP: 36179XDE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3494154 | PA      | $3481150.78   | 0.40%             | 2052-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                           | BAC V5.288 04/25/34                                                | CUSIP: 06051GLH0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3114522.63   | 0.36%             | 2034-04-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| OCP SA                                                                                          | OCPMR 6.75 05/02/34 144A                                           | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    320000 | PA      | $347318.40    | 0.04%             | 2034-05-02      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 02/15/45                                                       | CUSIP: 912834PH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    825000 | PA      | $331424.05    | 0.04%             | 2045-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                 | PFSI 5.75 09/15/31 144A                                            | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    425000 | PA      | $413502.20    | 0.05%             | 2031-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MTG TR 2024-CES5                                                                     | TPMT 2024-CES5 A1                                                  | CUSIP: 89183QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    333253 | PA      | $334161.95    | 0.04%             | 2064-09-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V8 MORTGAGE TRUST                                                                | BMARK 2024-V8 A3                                                   | CUSIP: 08190AAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $954351.63    | 0.11%             | 2057-07-17      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | BRL CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    519000 | NC      | $11.09        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4437                                                          | CUSIP: 31418D4X7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    834727 | PA      | $694774.07    | 0.08%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 4.75 11/15/43                                                    | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1545000 | PA      | $1590625.78   | 0.18%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Limited                                                              | FFHCN 5.625 08/16/32                                               | CUSIP: 303901BL5<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    135000 | PA      | $141001.07    | 0.02%             | 2032-08-16      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Bank Of Amer Merrill Lynch Coml Mtg                                                             | BACM 2017-BNK3 XB                                                  | CUSIP: 06427DAU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8410000 | PA      | $34569.31     | 0.00%             | 2050-02-17      | Variable      | 0.59%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                                     | CRGYFN 7.625 04/01/32 144A                                         | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121270.26    | 0.01%             | 2032-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2025-5C33                                                                  | BBCMS 2025-5C33 A4                                                 | CUSIP: 072924AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1058573.80   | 0.12%             | 2058-03-15      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                             | EXE 4.75 02/01/32                                                  | CUSIP: 845467AT6<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    275000 | PA      | $274586.86    | 0.03%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA6821                                                          | CUSIP: 36179VSJ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    143983 | PA      | $136880.14    | 0.02%             | 2050-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-DSC3                                        | MSRM 2025-DSC3 A1                                                  | CUSIP: 61779JAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1352339 | PA      | $1360618.40   | 0.16%             | 2070-09-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| CDW LLC / CDW Finance Corp                                                                      | CDW 3.25 02/15/29                                                  | CUSIP: 12513GBF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $579493.54    | 0.07%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD CALL VERSUS COP PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   -494000 | NC      | $-7672.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                  | MS 4.35 09/08/26 GMTN                                              | CUSIP: 6174467Y9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195209.74    | 0.02%             | 2026-09-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| The Gap Inc.                                                                                    | GAP 3.875 10/01/31 144A                                            | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46530.78     | 0.01%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS MORTGAGE LOAN TRUST 2026-NQM1                                                          | BARC 2026-NQM1 A1                                                  | CUSIP: 06745EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    992467 | PA      | $994804.38    | 0.11%             | 2065-12-25      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                 | PFSI 7.875 12/15/29 144A                                           | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52466.40     | 0.01%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2016-BNK2                                                        | MSC 2016-BNK2 A3                                                   | CUSIP: 61690YBT8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    869732 | PA      | $862048.14    | 0.10%             | 2049-11-18      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| CDW LLC / CDW Finance Corp                                                                      | CDW 2.67 12/01/26                                                  | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $138526.65    | 0.02%             | 2026-12-01      | Fixed         | 2.67%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 4.75 11/15/53                                                    | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1350000 | PA      | $1371937.50   | 0.16%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4438                                                          | CUSIP: 31418D4Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2196471 | PA      | $1918129.14   | 0.22%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA8269                                                          | CUSIP: 36179XFJ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    376578 | PA      | $379970.05    | 0.04%             | 2052-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Serbia (Republic Of)                                                                            | SERBIA 6.25 05/26/28 144A                                          | CUSIP: 817477AG7<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    200000 | PA      | $208250.00    | 0.02%             | 2028-05-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS REPUBLIC OF ITALY                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $12029.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Clarios (Power Solutions)                                                                       | Clarios (Power Solutions) Term Loan B (Incremental) 275 2032-01-07 | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |     99750 | PA      | $99417.83     | 0.01%             | 2032-01-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc.                                                                                 | BBDBCN 6.75 06/15/33 144A                                          | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $115933.40    | 0.01%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                        | VST 5.625 02/15/27 144A                                            | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    450000 | PA      | $449756.57    | 0.05%             | 2027-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Stream Innovations 2024-2 Issuer Trust                                                          | STRE 2024-2A A                                                     | CUSIP: 86324EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    341202 | PA      | $347542.31    | 0.04%             | 2045-02-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| LSEG US Finance Corp                                                                            | LSELN 5.297 03/28/34 144A                                          | CUSIP: 50222CAB6<br>LEI: 2138007FV67QQ13CGJ43 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308291.25    | 0.04%             | 2034-03-28      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                                                            | NOVHOL 6.75 04/15/32 144A                                          | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100724.59    | 0.01%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                         | UNH 2.75 05/15/40                                                  | CUSIP: 91324PDY5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7521.19      | 0.00%             | 2040-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                                  | ECOPET 6.875 04/29/30                                              | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     30000 | PA      | $30150.00     | 0.00%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                                                    | UAL 5.375 03/01/31                                                 | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    390000 | PA      | $397466.20    | 0.05%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                      | BA 3.375 06/15/46                                                  | CUSIP: 097023BS3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $731125.36    | 0.08%             | 2046-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | HUF CALL VERSUS EUR PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |   2674000 | NC      | $14892.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corp.                                                                  | SOLEIN 7.25 06/15/31 144A                                          | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    775000 | PA      | $793306.80    | 0.09%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                                           | ARE 5.5 10/01/35                                                   | CUSIP: 015271BE8<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |    460000 | PA      | $472358.21    | 0.05%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                              | TMUS 3.75 04/15/27                                                 | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44945.73     | 0.01%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST 2                                                             | AFFRM 2024-B B                                                     | CUSIP: 00835AAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300617.25    | 0.03%             | 2029-09-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                                             | HILCRP 6 04/15/30 144A                                             | CUSIP: 431318AY0<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59148.06     | 0.01%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                                    | BACR V6.692 09/13/34                                               | CUSIP: 06738ECL7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    310000 | PA      | $344827.14    | 0.04%             | 2034-09-13      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                                                   | WMB 5.15 03/15/34                                                  | CUSIP: 88339WAC0<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    255000 | PA      | $261326.38    | 0.03%             | 2034-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM3                                                       | BRAVO 2026-NQM1 A1                                                 | CUSIP: 10570CAC6<br>LEI: 254900XRZJZN8JGL1235 | Long             | ABS-O            | CORP              | US        |   1284051 | PA      | $1286245.42   | 0.15%             | 2065-12-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| COLT 2025-INV2 MORTGAGE LOAN TRUST                                                              | COLT 2025-INV2 A1                                                  | CUSIP: 12673UAA2<br>LEI: 213800M5KYYIOHI7KW93 | Long             | ABS-O            | CORP              | US        |    422403 | PA      | $427743.38    | 0.05%             | 2070-02-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| ATLX 2024-RPL2 TRUST                                                                            | ATLX 2024-RPL2 A1                                                  | CUSIP: 049919AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    714233 | PA      | $701307.06    | 0.08%             | 2063-04-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                                                | ZAR/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | US        |         1 | NC      | $15612.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SM ENERGY COMPANY                                                                               | SM 5 10/15/26 144A                                                 | CUSIP: 097793AE3<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100000.95    | 0.01%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leidos Inc                                                                                      | LDOS 4.375 05/15/30                                                | CUSIP: 52532XAF2<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501646.42    | 0.06%             | 2030-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                    | THC 5.5 11/15/32 144A                                              | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    215000 | PA      | $217803.86    | 0.02%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COMM 2024-277P MORTGAGE TRUST                                                                   | COMM 2024-277P A                                                   | CUSIP: 12654FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $211258.80    | 0.02%             | 2044-08-11      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST 2015-GS1                                                           | GSMS 2017-GS8 A3                                                   | CUSIP: 36254KAK8<br>LEI: 549300WZ62L3Y22NOZ64 | Long             | ABS-O            | CORP              | US        |    570000 | PA      | $563141.99    | 0.06%             | 2050-11-11      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                 | CVS 1.75 08/21/30                                                  | CUSIP: 126650DN7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    225000 | PA      | $202198.26    | 0.02%             | 2030-08-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                                                            | NOVHOL 8.75 04/15/30 144A                                          | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    265000 | PA      | $264675.81    | 0.03%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4618                                                          | CUSIP: 31418EDY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1073222 | PA      | $1045941.78   | 0.12%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD4626                                                          | CUSIP: 3132DSD74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    466000 | PA      | $427129.30    | 0.05%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                                                          | COLOM 4.5 03/15/29                                                 | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    880000 | PA      | $856680.00    | 0.10%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | CDS KINGDOM OF SAUDI ARABIA                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |         1 | NC      | $305.35       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                                     | CRGYFN 8.375 01/15/34 144A                                         | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    375000 | PA      | $387139.11    | 0.04%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Connect Holding II LLC                                                                          | BSPEED 10.5 04/03/31 144A                                          | CUSIP: 20753PAD3<br>LEI: 254900LCX7S2QHYUOI31 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1499454.83   | 0.17%             | 2031-04-03      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8106                                                          | CUSIP: 3132DWAF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1432536 | PA      | $1198165.42   | 0.14%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4550                                                          | CUSIP: 31418EBU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2880068 | PA      | $2734255.51   | 0.31%             | 2052-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Viking Ocean Cruises Ship Vii Limited                                                           | VIKCRU 5.625 02/15/29 144A                                         | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     50000 | PA      | $49924.00     | 0.01%             | 2029-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Tenneco                                                                                         | Tenneco Term Loan B 500 2028-11-01                                 | CUSIP: 88037HAP9<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |    830000 | PA      | $817201.40    | 0.09%             | 2028-11-17      | Floating      | 8.95%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                | PM 5.125 02/15/30                                                  | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    450000 | PA      | $467352.18    | 0.05%             | 2030-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                       | IVYCST 5.875 10/17/31 REGS                                         | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    966000 | PA      | $1164254.11   | 0.13%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP                                                                    | TEP 6.75 03/15/34 144A                                             | CUSIP: 87470LAM3<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256870.59    | 0.03%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                                                        | JBS 4.375 02/02/52                                                 | CUSIP: 46590XAQ9<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $236920.86    | 0.03%             | 2052-02-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | TWD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-5531.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4100                                                          | CUSIP: 31418DRW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1096393 | PA      | $917928.07    | 0.11%             | 2050-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 3.875 05/15/43                                                   | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $647062.50    | 0.07%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                                             | CEG 3.75 03/01/31 144A                                             | CUSIP: 210385AL4<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145843.23    | 0.02%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Virgin Media Secured Finance PLC                                                                | VMED 4.25 01/15/30 REGS                                            | CUSIP: 000000000<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    306000 | PA      | $378503.81    | 0.04%             | 2030-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST 20                                                             | OMFIT 2023-1A A                                                    | CUSIP: 68269JAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $414333.20    | 0.05%             | 2038-06-14      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NCR Atleos Corp.                                                                                | NCRATL 9.5 04/01/29 144A                                           | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |     79000 | PA      | $84750.64     | 0.01%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Boots Group Finco LP/ The Boots Group Luxco S.a.r.l.                                            | BOOTFN 7.375 08/31/32 144*                                         | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    100000 | PA      | $139841.60    | 0.02%             | 2032-08-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA6411                                                          | CUSIP: 36179VDQ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    417096 | PA      | $406219.26    | 0.05%             | 2050-01-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                                | PCG 3.95 12/01/47                                                  | CUSIP: 694308HY6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2345000 | PA      | $1784423.27   | 0.20%             | 2047-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                                                                 | CI 3.2 03/15/40                                                    | CUSIP: 125523CJ7<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    235000 | PA      | $187425.30    | 0.02%             | 2040-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | USD/PHP FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $5988.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                                 | COOPR 2025-CES2 A1A                                                | CUSIP: 12674UAA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    819348 | PA      | $828877.36    | 0.10%             | 2060-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCK TR 2024-CNTR                                                                               | ROCC 2024-CNTR A                                                   | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $724469.62    | 0.08%             | 2041-11-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                                             | HILCRP 6.25 04/15/32 144A                                          | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73025.60     | 0.01%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| COMM 2024-277P MORTGAGE TRUST                                                                   | COMM 2024-277P X                                                   | CUSIP: 12654FAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $23012.80     | 0.00%             | 2044-08-11      | Variable      | 0.66%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP                                                                    | TEP 7.375 02/15/29 144A                                            | CUSIP: 87470LAL5<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |    475000 | PA      | $492434.05    | 0.06%             | 2029-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CRH Smw Finance DAC                                                                             | CRHID 5.2 05/21/29                                                 | CUSIP: 12704PAA6<br>LEI: 54930044475SH442C864 | Long             | DBT              | CORP              | IE        |    630000 | PA      | $652213.30    | 0.07%             | 2029-05-21      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MB0025                                                          | CUSIP: 3618N5A33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4273419 | PA      | $4294283.89   | 0.49%             | 2054-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Comision Federal de Electricidad                                                                | CFELEC 4.688 05/15/29 144A                                         | CUSIP: 200447AL4<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $199607.34    | 0.02%             | 2029-05-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP                                                                    | AM 5.75 07/01/34 144A                                              | CUSIP: 03690AAN6<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162371.62    | 0.02%             | 2034-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pilgrims Pride Corporation                                                                      | PPC 6.25 07/01/33                                                  | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1077181.60   | 0.12%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC                                                                | SGD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $19007.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | CLP/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $9233.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastec, Inc.                                                                                    | MTZ 5.9 06/15/29                                                   | CUSIP: 576323AT6<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    110000 | PA      | $115456.72    | 0.01%             | 2029-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANKS                                                                         | FR SD7553                                                          | CUSIP: 3132DVMA0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |    479256 | PA      | $440480.43    | 0.05%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PGIM ETF Trust                                                                                  | PGIM Active High Yield Bond ETF - Old IO fund                      | CUSIP: 69344A206<br>LEI: 549300OXS91LYTDQF355 | Long             | EC               | RF                | US        |    128969 | NS      | $4591296.40   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2024-CES6                                                             | TPMT 2024-CES6 A1                                                  | CUSIP: 891947AA1<br>LEI: 25490024AP9UCHO22G82 | Long             | ABS-O            | CORP              | US        |    289484 | PA      | $292523.05    | 0.03%             | 2064-11-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4158                                                          | CUSIP: 31418DTQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1014852 | PA      | $849240.19    | 0.10%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ecuador (Republic Of)                                                                           | ECUA 6.9 07/31/30 REGS                                             | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    184500 | PA      | $182180.69    | 0.02%             | 2030-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8186                                                          | CUSIP: 3132DWCX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2879822 | PA      | $2729563.50   | 0.31%             | 2051-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                                                   | WMB 3.5 11/15/30                                                   | CUSIP: 969457BX7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1162687.10   | 0.13%             | 2030-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                         | UNH 3.7 08/15/49                                                   | CUSIP: 91324PDU3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    480000 | PA      | $359712.02    | 0.04%             | 2049-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| GS MTG SECR CORP TR 2024-RVR                                                                    | GSMS 2024-RVR A                                                    | CUSIP: 36272JAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $815387.12    | 0.09%             | 2041-08-12      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                      | USD/PHP FORWARD                                                    | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-5388.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings Llc                                                            | FYBR 6.75 05/01/29 144A                                            | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1205102.56   | 0.14%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2026-CES1                                                   | GSMBS 2026-CES1 A1                                                 | CUSIP: 36277LAA1<br>LEI: 2549005U12N6A8G3H936 | Long             | ABS-O            | CORP              | US        |   1074796 | PA      | $1080257.70   | 0.12%             | 2056-05-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| M/I Homes Inc.                                                                                  | MHO 4.95 02/01/28                                                  | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148972.60    | 0.02%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                                      | OKE 6.25 10/15/55                                                  | CUSIP: 682680DD2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    405000 | PA      | $409567.73    | 0.05%             | 2055-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tesla Sustainable Energy Trust 2024-1                                                           | TSET 2024-1A A2                                                    | CUSIP: 88164AAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    371967 | PA      | $373712.05    | 0.04%             | 2050-06-21      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc                                                                                | MRK 4.75 12/04/35                                                  | CUSIP: 58933YBZ7<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   2055000 | PA      | $2074906.82   | 0.24%             | 2035-12-04      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                                                                | DB V5.297 05/09/31                                                 | CUSIP: 251526DA4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |    930000 | PA      | $958945.41    | 0.11%             | 2031-05-09      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-RCF2 LLC                                                                              | PRPM 2025-RCF2 A1                                                  | CUSIP: 74448VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    637112 | PA      | $631711.57    | 0.07%             | 2064-10-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                                         | HYNMTR 5.4 06/23/32 144A                                           | CUSIP: 44891ADX2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $314367.40    | 0.04%             | 2032-06-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                    | ORCL 6.85 02/04/66                                                 | CUSIP: 68389XEC5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    265000 | PA      | $254128.59    | 0.03%             | 2066-02-04      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                                                                      | USD/ZAR FORWARD                                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |         1 | NC      | $9588.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                                                             | AFRMT 2025-2A C                                                    | CUSIP: 00833BAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1512212.25   | 0.17%             | 2033-07-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                                                | WELL 4.25 04/15/28                                                 | CUSIP: 95040QAD6<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176363.31    | 0.02%             | 2028-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Limited                                                                      | ESKOM 8.45 08/10/28 REGS                                           | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    600000 | PA      | $643314.00    | 0.07%             | 2028-08-10      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Ecuador (Republic Of)                                                                           | ECUA 8.75 01/29/34 144A                                            | CUSIP: 27927WAQ5<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |   1413000 | PA      | $1425717.00   | 0.16%             | 2034-01-29      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| COPT Defense Properties LP                                                                      | CDP 2.75 04/15/31                                                  | CUSIP: 22003BAM8<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |    115000 | PA      | $106194.61    | 0.01%             | 2031-04-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                                                   | WMB 2.6 03/15/31                                                   | CUSIP: 969457BY5<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    920000 | PA      | $850787.90    | 0.10%             | 2031-03-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Serbia (Republic Of)                                                                            | SERBIA 1.5 06/26/29 REGS                                           | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    386000 | PA      | $427728.33    | 0.05%             | 2029-06-26      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd.                                                                          | MINAU 7 04/01/31 144A                                              | CUSIP: 603051AF0<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     75000 | PA      | $78821.25     | 0.01%             | 2031-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DISH Network Corporation                                                                        | DISH 11.75 11/15/27 144A                                           | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258219.79    | 0.03%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Rockford Tower CLO 2023-1 Ltd.                                                                  | ROCKT 2023-1A A1R                                                  | CUSIP: 77341RAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5800000 | PA      | $5815597.94   | 0.67%             | 2038-03-15      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                                                     | CDS UNITEDHEALTH GROUP INC                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $1044.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 05/15/42                                                       | CUSIP: 912834LK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1210000 | PA      | $568086.47    | 0.07%             | 2042-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WARWICK CAPITAL CLO 4 LTD                                                                       | WWICK 2024-4A A1                                                   | CUSIP: 93655QAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1550000 | PA      | $1551669.35   | 0.18%             | 2037-07-20      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Arbor Multifamily Mortgage Securities Trust 2021-MF2                                            | AMMST 2021-MF3 A1                                                  | CUSIP: 03882KAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80335 | PA      | $79620.52     | 0.01%             | 2054-10-16      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| CSMC 2022-RPL4 TRUST                                                                            | CSMC 2022-RPL4 A1                                                  | CUSIP: 12663TAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     69832 | PA      | $68303.56     | 0.01%             | 2062-04-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| ROCK TR 2024-CNTR                                                                               | ROCC 2024-CNTR D                                                   | CUSIP: 74970WAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    480000 | PA      | $506838.91    | 0.06%             | 2041-11-15      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| TOWD PT MTG TR 2025-CES1                                                                        | TPMT 2025-CES1 A1                                                  | CUSIP: 89183HAA2<br>LEI: 254900FMI2GPXLO84795 | Long             | ABS-O            | CORP              | US        |    394613 | PA      | $398651.91    | 0.05%             | 2055-02-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| ELMWOOD CLO 29 LTD                                                                              | ELM29 2024-5A AR1                                                  | CUSIP: 289913AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001188.00   | 0.11%             | 2037-04-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                    | ORCL 6.7 02/04/56                                                  | CUSIP: 68389XEB7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    290000 | PA      | $281048.20    | 0.03%             | 2056-02-04      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Uniti Service LLC / Uniti Fiber Holdings Inc. / Uniti Group Finance 2019 Inc. / CSL Capital LLC | UNIT 8.625 06/15/32 Feb                                            | CUSIP: 91327CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $116550.10    | 0.01%             | 2032-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                               | WFC V2.572 02/11/31 MTN                                            | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    245000 | PA      | $230574.55    | 0.03%             | 2031-02-11      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | KRW CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   1617000 | NC      | $32072.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OCTAGON 55 LTD/LLC                                                                              | OCT55 2021-1A A1R                                                  | CUSIP: 67577AAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4013567.20   | 0.46%             | 2038-03-22      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Bravo Residential Funding Trust 2024-CES1                                                       | BRAVO 2024-CES1 A1A                                                | CUSIP: 10570NAA6<br>LEI: 254900UJENIYH5UEYD42 | Long             | ABS-O            | CORP              | US        |    302018 | PA      | $306000.90    | 0.04%             | 2054-04-25      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                            | EIX 5.25 11/15/28                                                  | CUSIP: 281020AY3<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132452.61    | 0.02%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-GRP                                                  | WFCM 2024-GRP C                                                    | CUSIP: 95003YAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $274430.92    | 0.03%             | 2041-10-15      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd.                                                                          | MINAU 9.25 10/01/28 144A                                           | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    500000 | PA      | $523595.00    | 0.06%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR9                                                                                 | BANK5 2024-5YR9 A3                                                 | CUSIP: 06644VBG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1360620.04   | 0.16%             | 2057-08-17      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| OCEAN TRAILS CLO XVI LTD                                                                        | OCTR 2024-16A B                                                    | CUSIP: 674913AE8<br>LEI: 254900R3RT6TSDP3UQ20 | Long             | ABS-CBDO         | CORP              | KY        |   1850000 | PA      | $1858935.87   | 0.21%             | 2038-01-20      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2025-V18 MORTGAGE TRUST                                                               | BMARK 2025-V18 A3                                                  | CUSIP: 08164EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2085954.20   | 0.24%             | 2058-10-18      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Aker BP ASA                                                                                     | AKERBP 6 06/13/33 144A                                             | CUSIP: 00973RAM5<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    250000 | PA      | $264357.08    | 0.03%             | 2033-06-13      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BEIGNET INV LLC                                                                                 | RPLDCI 6.581 05/30/49 144A                                         | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4256000 | PA      | $4519709.25   | 0.52%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                                                                      | USD/CZK FORWARD                                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |         1 | NC      | $895.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                           | BAC V1.922 10/24/31 MTN                                            | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1144711.54   | 0.13%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                    | UBS V4.844 11/06/33 144A                                           | CUSIP: 902613BT4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1760000 | PA      | $1774986.05   | 0.20%             | 2033-11-06      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8494                                                          | CUSIP: 3132DWNK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1244659 | PA      | $1265350.36   | 0.15%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SI2107                                                          | CUSIP: 3133USKU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1323300 | PA      | $1156433.29   | 0.13%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                    | ORCL 6.55 02/04/46                                                 | CUSIP: 68389XEA9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    215000 | PA      | $209774.17    | 0.02%             | 2046-02-04      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| RPM International Inc.                                                                          | RPM 2.95 01/15/32                                                  | CUSIP: 749685AY9<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18391.75     | 0.00%             | 2032-01-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C35                                                  | WFCM 2016-C35 A3                                                   | CUSIP: 95000FAS5<br>LEI: 549300MZIB10PDVAE312 | Long             | ABS-O            | CORP              | US        |    155489 | PA      | $155041.21    | 0.02%             | 2048-07-17      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4379                                                          | CUSIP: 31418D2M3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1303845 | PA      | $1139432.09   | 0.13%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Aker BP ASA                                                                                     | AKERBP 3.1 07/15/31 144A                                           | CUSIP: 55037AAB4<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |   1960000 | PA      | $1822605.57   | 0.21%             | 2031-07-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MTG TR 2025-7                                                                         | AOMT 2025-7 A1                                                     | CUSIP: 03466TAA5<br>LEI: 254900QTRHHMG5RQ9X60 | Long             | ABS-O            | CORP              | US        |    911760 | PA      | $921542.31    | 0.11%             | 2070-06-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD CALL VERSUS COP PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   -510000 | NC      | $-4473.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLT 2025-3 MORTGAGE LOAN TRUST                                                                 | COLT 2025-3 A1                                                     | CUSIP: 12674LAA1<br>LEI: 2138001CIB6QBPMZRF93 | Long             | ABS-O            | CORP              | US        |    436442 | PA      | $439785.83    | 0.05%             | 2070-03-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                       | GS V5.33 07/23/35                                                  | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    170000 | PA      | $175076.09    | 0.02%             | 2035-07-23      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc.                                                                                     | FISV 5.375 08/21/28                                                | CUSIP: 337738BG2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133244.34    | 0.02%             | 2028-08-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ROCK TR 2024-CNTR                                                                               | ROCC 2024-CNTR C                                                   | CUSIP: 74970WAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215000 | PA      | $225439.22    | 0.03%             | 2041-11-15      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| Lugo Funding DAC                                                                                | LUGO 2024-1A A                                                     | CUSIP: 000000000<br>LEI: 635400ZKKXDKKVOM9V22 | Long             | ABS-O            | CORP              | IE        |    325112 | PA      | $384133.71    | 0.04%             | 2066-05-26      | Floating      | 3.04%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                                             | HILCRP 6 02/01/31 144A                                             | CUSIP: 431318AV6<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    400000 | PA      | $390179.99    | 0.04%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                                                             | KIM 4.6 02/01/33                                                   | CUSIP: 49446RBA6<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |    335000 | PA      | $338044.19    | 0.04%             | 2033-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                   | USB V5.678 01/23/35                                                | CUSIP: 91159HJR2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    125000 | PA      | $132815.46    | 0.02%             | 2035-01-23      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Calpine LLC                                                                                     | CPN 5.125 03/15/28 144A                                            | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    575000 | PA      | $575045.69    | 0.07%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Viatris Inc                                                                                     | VTRS 4 06/22/50                                                    | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   1457000 | PA      | $997068.23    | 0.11%             | 2050-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | INR CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   -494000 | NC      | $-21.82       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                                        | AESOP 2024-1A A                                                    | CUSIP: 05377RHY3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $883418.60    | 0.10%             | 2030-06-20      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| ROCKET MORTGAGE LLC                                                                             | RKT 3.875 03/01/31 144A                                            | CUSIP: 74841CAB7<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |    525000 | PA      | $493392.47    | 0.06%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FN FP0105                                                          | CUSIP: 3140XTDK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    562152 | PA      | $491354.08    | 0.06%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA5876                                                          | CUSIP: 36179UQ54<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    800280 | PA      | $780813.51    | 0.09%             | 2049-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2025-DSC2                                                   | GSMBS 2025-DSC2 A1                                                 | CUSIP: 36275JAC4<br>LEI: 254900Y4XCLF0D6VBG48 | Long             | ABS-O            | CORP              | US        |    967830 | PA      | $973788.07    | 0.11%             | 2066-01-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-GRP                                                  | WFCM 2024-GRP B                                                    | CUSIP: 95003YAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200069.56    | 0.02%             | 2041-10-15      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc                                                                             | GPN 4.5 11/15/28                                                   | CUSIP: 37940XAV4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    810000 | PA      | $812798.50    | 0.09%             | 2028-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                                                                         | ARGENT 0.125 07/09/30 *                                            | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    479657 | PA      | $476080.48    | 0.05%             | 2030-07-09      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST 2                                                             | AFFRM 2024-X2 C                                                    | CUSIP: 00833QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $601044.48    | 0.07%             | 2029-12-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Kontoor Brands Inc                                                                              | KTB 4.125 11/15/29 144A                                            | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47637.04     | 0.01%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD CALL VERSUS CLP PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   -525000 | NC      | $-7148.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2026-CES1                                                              | JPMMT 2026-CES1 A1A                                                | CUSIP: 46660BAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1183792 | PA      | $1188923.69   | 0.14%             | 2056-06-26      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                                                             | AFRMT 2025-3A A                                                    | CUSIP: 00833BAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $805826.56    | 0.09%             | 2034-10-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                   | USB V5.384 01/23/30                                                | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     95000 | PA      | $98524.28     | 0.01%             | 2030-01-23      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SCE Recovery Funding LLC                                                                        | EIX 5.541 09/15/50                                                 | CUSIP: 78433LAL0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    551000 | PA      | $564703.81    | 0.06%             | 2050-09-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8183                                                          | CUSIP: 3132DWCU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3403848 | PA      | $2970915.58   | 0.34%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                               | CCI 5.6 06/01/29                                                   | CUSIP: 22822VBD2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    140000 | PA      | $145843.80    | 0.02%             | 2029-06-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8251                                                          | CUSIP: 3132DWEY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    259553 | PA      | $264846.74    | 0.03%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2019-L2                                                          | MSC 2019-L2 A3                                                     | CUSIP: 61768HAV8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | ABS-O            | CORP              | US        |   1347892 | PA      | $1336680.64   | 0.15%             | 2052-03-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                                                             | AFRMT 2025-3A B                                                    | CUSIP: 00833BAP3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $907669.17    | 0.10%             | 2034-10-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group Inc                                                                   | JEF 2.625 10/15/31                                                 | CUSIP: 47233JGT9<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    120000 | PA      | $106640.59    | 0.01%             | 2031-10-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | TWD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-4409.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Viatris Inc                                                                                     | VTRS 3.85 06/22/40                                                 | CUSIP: 92556VAE6<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    125000 | PA      | $98442.99     | 0.01%             | 2040-06-22      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                                                                   | SMYREA 6 11/01/28 144A                                             | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59996.95     | 0.01%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Jacobs Engineering Group Inc.                                                                   | J 6.35 08/18/28                                                    | CUSIP: 469814AB3<br>LEI: 549300CZ8QS1GE53O776 | Long             | DBT              | CORP              | US        |    265000 | PA      | $278413.70    | 0.03%             | 2028-08-18      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Aptargroup Inc.                                                                                 | ATR 3.6 03/15/32                                                   | CUSIP: 038336AA1<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | DBT              | CORP              | US        |    140000 | PA      | $133569.54    | 0.02%             | 2032-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ONE NEW YORK PLAZA TR 20-1NYP                                                                   | ONYP 2020-1NYP A                                                   | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    207660 | PA      | $202599.19    | 0.02%             | 2036-01-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                                    | BACR V4.942 09/10/30                                               | CUSIP: 06738ECU7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    395000 | PA      | $403267.43    | 0.05%             | 2030-09-10      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST 2                                                             | AFFRM 2024-X2 B                                                    | CUSIP: 00833QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    336268 | PA      | $336455.33    | 0.04%             | 2029-12-17      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP                                                                    | AM 5.375 06/15/29 144A                                             | CUSIP: 03690AAH9<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200087.07    | 0.02%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FN MA5585                                                          | CUSIP: 31418FF36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    851980 | PA      | $856367.17    | 0.10%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                      | BA 3.625 03/01/48                                                  | CUSIP: 097023BZ7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    700000 | PA      | $512263.20    | 0.06%             | 2048-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                                         | SGD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $3753.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                                                                           | SWOP CDS CDX.NA.HY.45.V1                                           | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DCR              | CORP              | US        |   -830000 | OU      | $-1812.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JEFFERSON MILL CLO LTD                                                                          | Jefferson Mill CLO Ltd                                             | CUSIP: 47421MBJ1<br>LEI: 549300RV1TCF15DHXS87 | Long             | ABS-CBDO         | CORP              | KY        |    177082 | PA      | $177081.10    | 0.02%             | 2031-10-20      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| RFR TRUST 2025-SGRM                                                                             | RFR 2025-SGRM A                                                    | CUSIP: 74984NAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1110000 | PA      | $1137355.51   | 0.13%             | 2041-03-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MTG TR 2024-CES5                                                                     | TPMT 2024-CES5 A2                                                  | CUSIP: 89183QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $401424.44    | 0.05%             | 2064-09-25      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Antero Resources Corporation                                                                    | AR 5.375 03/01/30 144A                                             | CUSIP: 03674XAS5<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |    225000 | PA      | $228488.39    | 0.03%             | 2030-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                                                                                       | ARTFI 2026-1A A1                                                   | CUSIP: 83589DAA4<br>LEI: 549300P5BAAMQQ7VL735 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1005915.40   | 0.12%             | 2033-06-20      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                                   | GOOGL 4.7 11/15/35                                                 | CUSIP: 02079KAY3<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    355000 | PA      | $359370.91    | 0.04%             | 2035-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8493                                                          | CUSIP: 3132DWNJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    494439 | PA      | $502683.95    | 0.06%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                                                | VBTEL 2026-1A C2                                                   | CUSIP: 91825HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502799.70    | 0.06%             | 2056-03-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| CROSS 2026-NQM2 MORTGAGE TRSUT                                                                  | CROSS 2026-NQM2 A1                                                 | CUSIP: 227924AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1301036.88   | 0.15%             | 2061-03-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| OBX Trust 2026-NQM2                                                                             | OBX 2026-NQM2 A1                                                   | CUSIP: 67123VAF9<br>LEI: 2549007DTHVTGCMU8X03 | Long             | ABS-O            | CORP              | US        |    694083 | PA      | $695934.25    | 0.08%             | 2065-12-01      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                                                     | CDS BARCLAYS PLC                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $7346.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                    | AVGO 3.469 04/15/34                                                | CUSIP: 11135FCT6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1164201.59   | 0.13%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                                       | TPMT 2023-CES2 A1A                                                 | CUSIP: 89182FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    953318 | PA      | $963403.90    | 0.11%             | 2063-10-25      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                       | IVYCST 5.25 03/22/30 REGS                                          | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    412000 | PA      | $493208.70    | 0.06%             | 2030-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc.                                                                                     | FISV 5.45 03/02/28                                                 | CUSIP: 337738BD9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    140000 | PA      | $143226.05    | 0.02%             | 2028-03-02      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                                             | DAL 4.75 10/20/28 144A                                             | CUSIP: 830867AB3<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    916667 | PA      | $922478.34    | 0.11%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Uber Technologies Inc                                                                           | UBER 4.3 01/15/30                                                  | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    760000 | PA      | $764611.59    | 0.09%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                                                          | COLOM 3.75 09/19/28                                                | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    890000 | PA      | $1043242.56   | 0.12%             | 2028-09-19      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| RHP Hotel Properties LP / RHP Finance Corporation                                               | RHP 5.75 03/15/34 144A                                             | CUSIP: 74984CAA6<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    270000 | PA      | $271788.23    | 0.03%             | 2034-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Aker BP ASA                                                                                     | AKERBP 5.25 10/30/35 144A                                          | CUSIP: 00973RAQ6<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    495000 | PA      | $492740.47    | 0.06%             | 2035-10-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tenneco LLC                                                                                     | TENINC 8 11/17/28 144A                                             | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400002.44    | 0.05%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                                                     | CDS CDX.NA.HY.43.V1                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $179.33       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Realty Income Corporation                                                                       | O 4.7 12/15/28                                                     | CUSIP: 756109BS2<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    270000 | PA      | $275400.20    | 0.03%             | 2028-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                           | QUIKHO 6.75 03/01/33 144A                                          | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31177.72     | 0.00%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GS MTG-BACKED SECS TR 2021-PJ8                                                                  | GSMS 2021-GSA3 XB                                                  | CUSIP: 36263UAR0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $65690.60     | 0.01%             | 2054-12-17      | Variable      | 0.61%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST 20                                                             | OMFIT 2024-1A A                                                    | CUSIP: 68269NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $319219.38    | 0.04%             | 2041-05-14      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| VERISURE HOLDING AB                                                                             | VERISURE HOLDING AB                                                | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | LON              | CORP              | SE        |    175000 | PA      | $207117.05    | 0.02%             | 2032-11-03      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| ONE NEW YORK PLAZA TR 20-1NYP                                                                   | ONYP 2020-1NYP AJ                                                  | CUSIP: 68249DAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $194626.00    | 0.02%             | 2036-01-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 4.5 02/15/44                                                     | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2105000 | PA      | $2098750.78   | 0.24%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                               | CCI 4.8 09/01/28                                                   | CUSIP: 22822VBB6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    255000 | PA      | $259250.33    | 0.03%             | 2028-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                                                                              | VRT 5.95 03/15/66                                                  | CUSIP: 92537NAD0<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |    320000 | PA      | $318674.19    | 0.04%             | 2066-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP                                                                    | TEP 5.5 01/15/28 144A                                              | CUSIP: 87470LAD3<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74944.81     | 0.01%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | TRY CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   -728000 | NC      | $-4632.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings Llc                                                            | FYBR 5 05/01/28 144A                                               | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $150153.85    | 0.02%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco Corp.                                                         | EOCGRO 6.5 05/15/29 144A                                           | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74973.76     | 0.01%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENEL Finance International N.V.                                                                 | ENELIM 5.125 06/26/29 144A                                         | CUSIP: 29278GBD9<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    710000 | PA      | $731050.22    | 0.08%             | 2029-06-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                                                                              | VRT 5.8 03/15/56                                                   | CUSIP: 92537NAC2<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160179.06    | 0.02%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                    | AVGO 3.419 04/15/33                                                | CUSIP: 11135FCU3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    490000 | PA      | $458648.40    | 0.05%             | 2033-04-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| CARLYLE US CLO 2021-6 LTD                                                                       | CGMS 2021-6A BR                                                    | CUSIP: 143133AS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1756230.18   | 0.20%             | 2038-01-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES UTICA HOLDINGS LLC                                                             | ASCRES 9 11/01/27 144A                                             | CUSIP: 04364VAK9<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |    275000 | PA      | $329386.05    | 0.04%             | 2027-11-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| KKR CLO 11 LTD                                                                                  | KKR 11 AR                                                          | CUSIP: 48250MAK3<br>LEI: 549300PJRIGYUE3V5M12 | Long             | ABS-CBDO         | CORP              | KY        |     17638 | PA      | $17646.65     | 0.00%             | 2031-01-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                                                     | CDEP 5.875 04/30/29 144A                                           | CUSIP: 147918AC0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | NUSS              | US        |    200000 | PA      | $211232.46    | 0.02%             | 2029-04-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 08/15/45                                                       | CUSIP: 912834PM4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    305000 | PA      | $119330.60    | 0.01%             | 2045-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD CALL VERSUS BRL PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    509000 | NC      | $7.40         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                           | QUIKHO 6.375 03/01/32 144A                                         | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    140000 | PA      | $145521.92    | 0.02%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                                                | USD CALL VERSUS KRW PUT                                            | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | DE        |   1018000 | NC      | $0.07         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD CALL VERSUS KRW PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |  -1617000 | NC      | $-9082.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD/COP FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-10296.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD/SGD FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $11156.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                                                           | TRY CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |    728000 | NC      | $47611.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD CALL VERSUS COP PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |    494000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                                                           | CDS REPUBLIC OF ROMANIA                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |         1 | NC      | $425.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                                    | USD/TRY FORWARD                                                    | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-902.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS REPUBLIC OF FRANCE                                             | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-3359.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | EUR CALL VERSUS HUF PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    418000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | EUR CALL VERSUS HUF PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |    432000 | NC      | $0.12         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                                                     | SWOP CDS CDX.NA.IG.45.V1                                           | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |   8405000 | OU      | $1159.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC                                                          | CDS SKANDINAVISKA ENSKILDA BANKEN AB                               | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $4173.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                                                | ZAR/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1139.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                                         | CDS CITIGROUP INC                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCR              | CORP              | US        |         1 | NC      | $10744.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                     | 2-Year T-Note Futures, Jun-2026,ETH                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        36 | NC      | $11582.15     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | USD/THB FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-10779.29    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS NOMURA HOLDINGS INC                                            | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $4812.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS KINGDOM OF SPAIN                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-53.58       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD CALL VERSUS KRW PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   1617000 | NC      | $1.50         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                                                           | USD CALL VERSUS TRY PUT                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |  -1784000 | NC      | $-8043.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD/KRW FORWARD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $814.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                    | CNH/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-17084.33    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | INR CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |    494000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                      | TWD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1418.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                                                                      | INR/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-11082.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                                                | USD CALL VERSUS ZAR PUT                                            | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | DE        |    510000 | NC      | $12.75        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD CALL VERSUS CLP PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |    525000 | NC      | $31.74        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS REPUBLIC OF SLOVAKIA                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $3539.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD/ZAR FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-73806.73    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                      | USD/THB FORWARD                                                    | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-9655.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | IDR/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-2829.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS KINGDOM OF NORWAY                                              | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-208.34      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                                                                      | SGD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1972.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | INR CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |    502000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | PEN/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1422.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASX 24                                                                                          | ASX 10 Year Treasury Bond Futures                                  | CUSIP: 000000000<br>LEI: 549300SDXT36XYPVWI79 | N/A              | DIR              | CORP              | N/A       |        28 | NC      | $12927.41     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | THB/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-2459.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD/EUR FORWARD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $4989.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                      | USD CALL VERSUS ZAR PUT                                            | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |    740000 | NC      | $0.01         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | SGD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $3347.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | CDS WELLS FARGO & COMPANY                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2166.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association                                                           | USD/PHP FORWARD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $12976.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD CALL VERSUS COP PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |   -315000 | NC      | $-5811.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                                            | SWOP CDS CDX.NA.IG.45.V1                                           | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DCR              | CORP              | CA        |  -6550000 | OU      | $-5529.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association                                                           | USD/IDR FORWARD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $3597.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                                         | USD/BRL FORWARD                                                    | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $7836.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | COP/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $35539.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | USD/KRW FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-17849.03    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | USD CALL VERSUS TRY PUT                                            | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |   -525000 | NC      | $-4599.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                                         | USD/BRL FORWARD                                                    | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-9132.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                                                           | EUR CALL VERSUS TRY PUT                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |   1780000 | NC      | $1217.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | CNH/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-11302.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | INR CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    519000 | NC      | $1.06         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                                                | INR/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-6990.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                                               | Euro(FGBL) Bund Futures, EUROBUND                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        26 | NC      | $34155.73     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS FEDERATIVEREPUBLICOFBRAZIL                                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $1828.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                                                           | EUR CALL VERSUS TRY PUT                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |   1673000 | NC      | $0.18         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                                     | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   6645000 | OU      | $22868.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                                                | USD CALL VERSUS ZAR PUT                                            | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | DE        |   -510000 | NC      | $-3623.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC                                                          | CDS HSBC BANK PLC                                                  | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $3255.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS STATE OF QATAR                                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $2739.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD/SGD FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-112873.15   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                                                     | SWOP CDS CDX.NA.IG.45.V1                                           | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        | -16810000 | OU      | $-23839.56    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                                                | USD/MXN FORWARD                                                    | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | US        |         1 | NC      | $22485.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD CALL VERSUS COP PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |    510000 | NC      | $1.13         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | CDS DEUTSCHE TELEKOM AG                                            | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $1430.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | THB CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |    516000 | NC      | $0.33         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | PHP/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-10978.77    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | PHP/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-8018.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | EUR CALL VERSUS CZK PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |    420000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              | CORP              | US        |   3910000 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                                                                           | CDS REPUBLIC OF GREECE                                             | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DCR              | CORP              | US        |         1 | NC      | $5580.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              | CORP              | US        |  -1512000 | OU      | $-10722.76    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                                         | CDS ALPHABET INC                                                   | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCR              | CORP              | US        |         1 | NC      | $16633.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED                                              | CMS 2Y 30Y SINGLE LOOK                                             | CUSIP: 000000000<br>LEI: 8NAV47T0Y26Q87Y0QP81 | N/A              | DE               | CORP              | US        |   1955000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                                         | INR/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-2818.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | IDR/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1025.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | USD/TWD FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $2713.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | CDS BANK OF NOVA SCOTIA                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2298.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | SWOP IRS EUR                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |   5015000 | OU      | $16076.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | HUF CALL VERSUS EUR PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |  -2674000 | NC      | $-6384.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | CDS BARCLAYS PLC                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $5547.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association                                                           | CZK/EUR FORWARD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $795.41       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                                                       | KRW/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $17280.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                                               | Euro(FGBM) Bobl Futures, EUROBOBL                                  | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -28 | NC      | $-15413.55    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | INR CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   -502000 | NC      | $-37.52       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD CALL VERSUS BRL PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |   -509000 | NC      | $-1715.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                                                                           | CDS UNITED STATES TREASURY NOTE/BOND                               | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DCR              | CORP              | US        |         1 | NC      | $1517.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | CDS SIEMENS AG                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $1810.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                                                 | CDS CDX.NA.IG.45.V1                                                | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2272448.80   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS FEDERATIVE REPUBLIC OF BRAZIL                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $971.54       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | USD CALL VERSUS TRY PUT                                            | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |   -744000 | NC      | $-998.33      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | PEN/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1039.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | CLP/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $5415.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | USD CALL VERSUS TRY PUT                                            | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |    744000 | NC      | $2.25         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                     | U.S. Treasury Bond Futures, Jun-2026,ETH                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -10 | NC      | $-10640.40    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                                                     | Options on Three-Month SOFR Futures                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -51 | NC      | $-956.25      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                                                | USD/CLP FORWARD                                                    | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | US        |         1 | NC      | $5942.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                                                | BRL/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | US        |         1 | NC      | $19260.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | ZAR CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    502000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD CALL VERSUS COP PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    315000 | NC      | $27.33        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association                                                           | USD/KRW FORWARD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1001.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS REPUBLIC OF SERBIA                                             | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-1516.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                                     | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |  -6645000 | OU      | $-10830.70    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                                                                       | CZK/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-27248.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                                     | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   6645000 | OU      | $0.41         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC                                                          | CDS STANDARD CHARTERED BANK                                        | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $2462.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                                                     | CDS ALTICE FRANCE SA                                               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $2850.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                                            | SWOP CDS CDX.NA.HY.45.V1                                           | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DCR              | CORP              | CA        |  -1120000 | OU      | $-1398.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | COP CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   -496000 | NC      | $-7331.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | COP CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    525000 | NC      | $8.56         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD/EUR FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-156.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                                         | CDS PETROLEOS MEXICANOS                                            | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCR              | CORP              | US        |         1 | NC      | $4230.70      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | FWD TREASURY BOND                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |   1610000 | NC      | $27249.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | TRY CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |    728000 | NC      | $47611.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                                                | USD CALL VERSUS KRW PUT                                            | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | DE        |  -1018000 | NC      | $-984.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | EUR CALL VERSUS HUF PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   -432000 | NC      | $-904.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | CDS REPUBLIC OF PANAMA                                             | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |         1 | NC      | $826.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              | CORP              | US        |   1512000 | OU      | $16914.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                                         | CZK/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1303.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                                                           | EUR CALL VERSUS TRY PUT                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |  -1780000 | NC      | $-18115.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS STELLANTIS NV                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $1647.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS GBP                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $25776.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $31910.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-6415.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $99068.07     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD/IDR FORWARD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1523.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-60165.13    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-13737.43    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $28319.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-30681.03    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS CAD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $15362.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $124360.38    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS GBP                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $9859.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-42244.75    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS GBP                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $17913.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS NZD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $14048.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association                                                           | CLP/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $10017.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $19124.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $172069.01    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS JPY                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $1904.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS JPY                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $7536.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-11182.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | TRS TRSBENCH7 INDEX                                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               | CORP              | US        |         1 | NC      | $29213.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $48695.21     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS CHF                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $5937.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                                       | IRS USD                                                            | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-134824.46   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 4.625 11/15/44                                                   | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24320000 | PA      | $24551800.00  | 2.82%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | THB CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   -516000 | NC      | $-3274.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Diversified Healthcare Trust                                                                    | DHC 4.75 02/15/28                                                  | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24458.48     | 0.00%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                | NRG 3.875 02/15/32 144A                                            | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46816.16     | 0.01%             | 2032-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Israel Electric Corporation Ltd.                                                                | ISRELE 4.25 08/14/28 GMTN                                          | CUSIP: 465077AL9<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |    200000 | PA      | $198330.00    | 0.02%             | 2028-08-14      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Grosvenor Place Clo 2022-1 Designated Activity Co.                                              | GROSV 2022-1A AR                                                   | CUSIP: 000000000<br>LEI: 635400XBQAMTXICTXN06 | Long             | ABS-O            | CORP              | IE        |   1250000 | PA      | $1481378.71   | 0.17%             | 2038-05-24      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc.                                                                                 | BBDBCN 7.45 05/01/34 144A                                          | CUSIP: 097751AL5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $336579.00    | 0.04%             | 2034-05-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                              | VEGLPL 6.75 01/15/36 144A                                          | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    235000 | PA      | $250578.32    | 0.03%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Service Corporation International                                                               | SCI 5.75 10/15/32                                                  | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45884.41     | 0.01%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA7989                                                          | CUSIP: 36179W2W7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    599385 | PA      | $567931.53    | 0.07%             | 2052-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-5                                                               | VERUS 2025-5 A1                                                    | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-O            | CORP              | US        |    597503 | PA      | $603426.84    | 0.07%             | 2070-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| SANTANDER MORTGAGE ASSET RECEIVABLE TRUST 2025-NQM3                                             | SAN 2025-NQM3 A1                                                   | CUSIP: 80263AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    703795 | PA      | $711520.97    | 0.08%             | 2065-05-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                                                       | THB/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-3934.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4847                                                          | CUSIP: 31418EL57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    550981 | PA      | $569200.91    | 0.07%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2026-VIS1                                                              | JPMMT 2026-VIS1 A1                                                 | CUSIP: 46660PAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000065.50   | 0.11%             | 2066-06-01      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                                      | OKE 5.2 07/15/48                                                   | CUSIP: 682680AV5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     65000 | PA      | $59105.55     | 0.01%             | 2048-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2025-CES2                                                             | TPMT 2025-CES2 A1                                                  | CUSIP: 89183KAA5<br>LEI: 25490031FI1THTB1EH80 | Long             | ABS-O            | CORP              | US        |    508822 | PA      | $513381.23    | 0.06%             | 2065-07-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                                                                                | PSD 4.224 03/15/32                                                 | CUSIP: 745310AN2<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   1949000 | PA      | $1896186.89   | 0.22%             | 2032-03-15      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE CAPITAL CLO 24 LTD                                                                    | ANCHC 2022-24A A1R                                                 | CUSIP: 03331GAQ1<br>LEI: 549300X5ZN5RMBYQ2W98 | Long             | ABS-CBDO         | CORP              | JE        |   1250000 | PA      | $1251398.50   | 0.14%             | 2037-07-15      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| RADNOR RE LTD 2023-1                                                                            | RMIR 2023-1 M1A                                                    | CUSIP: 75050KAA4<br>LEI: 254900P3K895250PCC81 | Long             | ABS-O            | CORP              | BM        |     28293 | PA      | $28377.12     | 0.00%             | 2033-07-25      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                  | C V5.827 02/13/35                                                  | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    510000 | PA      | $531061.00    | 0.06%             | 2035-02-13      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA8151                                                          | CUSIP: 36179XBU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    268602 | PA      | $267602.43    | 0.03%             | 2052-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                   | F 2.7 08/10/26                                                     | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    700000 | PA      | $694926.95    | 0.08%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                                                                | USD/SGD FORWARD                                                    | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | US        |         1 | NC      | $4840.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4119                                                          | CUSIP: 31418DSH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6923673 | PA      | $5799580.43   | 0.66%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Jpmdb Commercial Mortgage Securities Trust 2016 C4                                              | JPMDB 2020-COR7 ASB                                                | CUSIP: 46652JAX0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    888597 | PA      | $847747.55    | 0.10%             | 2053-05-15      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| MTG PASS THRU CTF CL E 144A                                                                     | MHC 2021-MHC F                                                     | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    295134 | PA      | $295133.54    | 0.03%             | 2038-04-15      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4807                                                          | CUSIP: 31418EKV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2589610 | PA      | $2649067.59   | 0.30%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings Llc                                                            | FYBR 5.875 11/01/29                                                | CUSIP: 35908MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $151609.88    | 0.02%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8232                                                          | CUSIP: 3132DWED1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2971525 | PA      | $3000613.29   | 0.34%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Voyager Parent LLC                                                                              | EVRI 9.25 07/01/32 144A                                            | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    170000 | PA      | $181491.78    | 0.02%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                                                                            | ELV 2.875 09/15/29                                                 | CUSIP: 036752AL7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    745000 | PA      | $715847.57    | 0.08%             | 2029-09-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                              | VEGLPL 6.125 12/15/30 144A                                         | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    127000 | PA      | $131905.96    | 0.02%             | 2030-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GS MTG-BCD SECS TR 2024-HE2                                                                     | GSMBS 2024-HE2 A1                                                  | CUSIP: 36271AAA1<br>LEI: 254900W4Z6DJOVCWAH28 | Long             | ABS-O            | CORP              | US        |    265278 | PA      | $266093.24    | 0.03%             | 2055-01-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | CDS KINGDOM OF SAUDI ARABIA                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |         1 | NC      | $175.10       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                                                       | PHP/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $9590.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORP                                                                                | PXD 2.15 01/15/31                                                  | CUSIP: 723787AR8<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    125000 | PA      | $114973.11    | 0.01%             | 2031-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| PGIM ETF Trust                                                                                  | PGIM Corporate Bond 5-10 Year ETF                                  | CUSIP: 69344A743<br>LEI: 549300OXS91LYTDQF355 | Long             | EC               | RF                | US        |    100000 | NS      | $5132910.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                           | AAL 5.75 04/20/29 144A                                             | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    775000 | PA      | $782889.50    | 0.09%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2025-NQM6                                                   | GSMBS 2025-NQM6 A1                                                 | CUSIP: 362933AA1<br>LEI: 254900X1ABPQ6D4G6D07 | Long             | ABS-O            | CORP              | US        |    640118 | PA      | $642851.21    | 0.07%             | 2066-02-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| NYMT LOAN TRUST 2025-CP1                                                                        | NYMT 2025-CP1 A1                                                   | CUSIP: 67121VAA2<br>LEI: 254900JF85A0S614L988 | Long             | ABS-O            | CORP              | US        |    740795 | PA      | $724476.88    | 0.08%             | 2069-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                       | SUN 7 09/15/28 144A                                                | CUSIP: 86765KAA7<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231118.57    | 0.03%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DCP Midstream Operating LP                                                                      | DCP 5.625 07/15/27                                                 | CUSIP: 23311VAJ6<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    540000 | PA      | $549991.40    | 0.06%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                              | VEGLPL 6.5 06/15/34 144A                                           | CUSIP: 922966AF3<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     53000 | PA      | $55752.93     | 0.01%             | 2034-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CoreWeave Inc.                                                                                  | CRWV 9.25 06/01/30 144A                                            | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    135000 | PA      | $132209.43    | 0.02%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Adapthealth Llc                                                                                 | ADAHEA 6.125 08/01/28 144A                                         | CUSIP: 00653VAA9<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125404.69    | 0.01%             | 2028-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD/CZK FORWARD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $656.25       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Debt Solutions BDC                                                                       | APODS 5.7 01/23/31 144A                                            | CUSIP: 03770DAL7<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    365000 | PA      | $362126.59    | 0.04%             | 2031-01-23      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING 8 LP                                                                      | PKAIR 2026-1 A                                                     | CUSIP: 72585CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1007102.00   | 0.12%             | 2043-09-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                         | VENLNG V9 PERP 144a                                                | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    400000 | PA      | $349697.53    | 0.04%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                    | T 4 11/15/35                                                       | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2730000 | PA      | $2739810.94   | 0.31%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                                        | ACI 3.5 03/15/29 144A                                              | CUSIP: 013092AG6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    825000 | PA      | $795936.15    | 0.09%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                                                         | RHP 6.5 04/01/32 144A                                              | CUSIP: 749571AK1<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |     95000 | PA      | $98415.76     | 0.01%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE) (CA)                                              | CA UNVHGR 4.56 05/15/2053                                          | CUSIP: 913366KW9<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |    520000 | PA      | $457881.52    | 0.05%             | 2053-05-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                | NRG 3.375 02/15/29 144A                                            | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48167.74     | 0.01%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                                                     | CDEP 4.375 10/01/30 144A                                           | CUSIP: 147918AF3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | NUSS              | US        |    200000 | PA      | $201878.66    | 0.02%             | 2030-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4565                                                          | CUSIP: 31418ECB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    680558 | PA      | $643778.31    | 0.07%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC                                                                | USD/PLN FORWARD                                                    | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-9266.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES7                                                                   | RCKT 2024-CES7 A1A                                                 | CUSIP: 749414AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    254273 | PA      | $255319.27    | 0.03%             | 2044-10-25      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                               | LPLA 5.7 05/20/27                                                  | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177722.85    | 0.02%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                                                             | AFRMT 2025-1A A                                                    | CUSIP: 00833BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1009389.50   | 0.12%             | 2033-02-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2025-13                                                                | AOMT 2025-13 A1                                                    | CUSIP: 034952AC5<br>LEI: 254900E0MZH4LYHYEK54 | Long             | ABS-O            | CORP              | US        |    781620 | PA      | $783941.95    | 0.09%             | 2070-10-25      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H7 MORTGAGE TRUST                                                                    | CROSS 2025-H7 A1                                                   | CUSIP: 22757JAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    662501 | PA      | $663851.33    | 0.08%             | 2070-09-25      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR10                                                                                | BANK5 2024-5YR10 A3                                                | CUSIP: 06604AAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1453452.98   | 0.17%             | 2057-10-17      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2025-CES7                                                                   | RCKT 2025-CES7 A1A                                                 | CUSIP: 74943AAA0<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-O            | CORP              | US        |    594242 | PA      | $600469.76    | 0.07%             | 2055-07-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Masco Corporation                                                                               | MAS 3.5 11/15/27                                                   | CUSIP: 574599BN5<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    230000 | PA      | $228534.73    | 0.03%             | 2027-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FR SD8230                                                          | CUSIP: 3132DWEB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    437513 | PA      | $434580.63    | 0.05%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hecla Mining Company                                                                            | HL 7.25 02/15/28                                                   | CUSIP: 422704AH9<br>LEI: 5493009Y6HOBZD1QD537 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14012.05     | 0.00%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS REPUBLIC OF GREECE                                             | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $1250.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunge Ltd Finance Corp.                                                                         | BG 5.15 08/04/35                                                   | CUSIP: 120568BR0<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1260923.72   | 0.14%             | 2035-08-04      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FN FS0898                                                          | CUSIP: 3140XF7L9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1161125 | PA      | $1059442.02   | 0.12%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Diversified Healthcare Trust                                                                    | DHC 4.375 03/01/31                                                 | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $67753.62     | 0.01%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| REGENTS OF THE UNIVERSITY OF MINNESOTA (MN)                                                     | MN UNIHGR 4.05 04/01/2052                                          | CUSIP: 914460WT3<br>LEI: 5493008DXSHLQ88T7F63 | Long             | DBT              | MUN               | US        |     95000 | PA      | $79522.50     | 0.01%             | 2052-04-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| SM ENERGY COMPANY                                                                               | SM 8.375 07/01/28 144A                                             | CUSIP: 17888HAA1<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    475000 | PA      | $490923.16    | 0.06%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                     | RCKT 2025-CES6 A1A                                                 | CUSIP: 748949AA2<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-O            | CORP              | US        |    892362 | PA      | $903061.85    | 0.10%             | 2055-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GRP LLC- WARRANTS                                                                | DIAMOND SPORTS GRP LLC- WARRANTS                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1899 | NS      | $0.02         | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 4.625 05/15/44                                                   | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3795000 | PA      | $3838879.69   | 0.44%             | 2044-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-AIRC                                                                        | BX 2024-AIRC A                                                     | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    433626 | PA      | $434760.07    | 0.05%             | 2041-08-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                | PM 4.375 04/30/30                                                  | CUSIP: 718172DT3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1224981.58   | 0.14%             | 2030-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                                                           | USD/INR FORWARD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $9675.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                            | JPM V5.14 01/24/31                                                 | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    960000 | PA      | $996070.62    | 0.11%             | 2031-01-24      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Adapthealth Llc                                                                                 | ADAHEA 4.625 08/01/29 144A                                         | CUSIP: 00653VAC5<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |    275000 | PA      | $264005.58    | 0.03%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                                                   | FREMOR 6.875 05/01/31 144A                                         | CUSIP: 35641AAE8<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77193.91     | 0.01%             | 2031-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2-30YR-Multi                                                      | CUSIP: 21H050649<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    500000 | PA      | $501012.80    | 0.06%             | 2056-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                              | ET V7.125 PERP G                                                   | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    315000 | PA      | $326413.24    | 0.04%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA-30YR                                                          | CUSIP: 01F030645<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |   -750000 | PA      | $-677877.40   | -0.08%            | 2056-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA-30YR                                                          | CUSIP: 01F030637<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |   -750000 | PA      | $-678141.07   | -0.08%            | 2056-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA-30YR                                                          | CUSIP: 01F030637<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    750000 | PA      | $678141.07    | 0.08%             | 2056-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PGIM ETF Trust                                                                                  | PGIM Corporate Bond 0-5 Year ETF                                   | CUSIP: 69344A750<br>LEI: 549300OXS91LYTDQF355 | Long             | EC               | RF                | US        |    150000 | NS      | $7595250.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                              | VEGLPL 7.5 05/01/33 144A                                           | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     56000 | PA      | $62143.77     | 0.01%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                                         | CDS SOFTBANK GROUP CORP                                            | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-227.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN MORT TR 2025-CES1                                                                     | JPMMT 2025-CES1 A1                                                 | CUSIP: 46658XAC9<br>LEI: 5299003TKRYXBBT76K08 | Long             | ABS-O            | CORP              | US        |    278644 | PA      | $281786.31    | 0.03%             | 2055-05-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Goodleap Home Improvement Solutions Trust 2025-2                                                | GDLP 2025-2A A                                                     | CUSIP: 38238FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    821449 | PA      | $836056.52    | 0.10%             | 2049-06-21      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4325                                                          | CUSIP: 31418DYX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3237376 | PA      | $2701668.20   | 0.31%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Nuveen LLC                                                                                      | TIAAGL 5.85 04/15/34 144A                                          | CUSIP: 67080LAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $153800.40    | 0.02%             | 2034-04-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                              | ET V6.5 PERP H                                                     | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    840000 | PA      | $843614.51    | 0.10%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SM ENERGY COMPANY                                                                               | SM 8.625 11/01/30 144A                                             | CUSIP: 17888HAC7<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52923.87     | 0.01%             | 2030-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4254                                                          | CUSIP: 31418DWQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    654337 | PA      | $520915.06    | 0.06%             | 2051-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| XPO Inc                                                                                         | XPO 6.25 06/01/28 144A                                             | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101849.09    | 0.01%             | 2028-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 4.125 08/15/44                                                   | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16180000 | PA      | $15322965.63  | 1.76%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TCO Commercial Mortgage Trust 2024-DPM                                                          | TCO 2024-DPM A                                                     | CUSIP: 87231EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500625.00    | 0.06%             | 2039-12-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                                    | USD/EUR FORWARD                                                    | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-107432.19   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BARROW HANLEY CLO LTD                                                                           | BARHN 2024-3A A1                                                   | CUSIP: 06875VAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003424.00   | 0.23%             | 2037-04-20      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                              | BX 2024-AIR2 A                                                     | CUSIP: 05613QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    479590 | PA      | $479739.95    | 0.06%             | 2041-10-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 11/15/45                                                       | CUSIP: 912834PT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    755000 | PA      | $291751.00    | 0.03%             | 2045-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Agco Corporation                                                                                | AGCO 5.45 03/21/27                                                 | CUSIP: 001084AR3<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121422.61    | 0.01%             | 2027-03-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                              | VEGLPL 7.75 05/01/35 144A                                          | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    157000 | PA      | $178165.92    | 0.02%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 05/15/44                                                       | CUSIP: 912834NP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    315000 | PA      | $131893.45    | 0.02%             | 2044-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8196                                                          | CUSIP: 3132DWC92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    510029 | PA      | $483449.41    | 0.06%             | 2052-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2024-Ces9                                                                   | RCKT 2024-CES9 A1A                                                 | CUSIP: 749426AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    295833 | PA      | $299117.89    | 0.03%             | 2044-12-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Oneok Partners Lp                                                                               | OKE 6.85 10/15/37                                                  | CUSIP: 68268NAD5<br>LEI: T4DHW82NMF6BXJT50795 | Long             | DBT              | CORP              | US        |    400000 | PA      | $449742.24    | 0.05%             | 2037-10-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST 20                                                             | OMFIT 2025-1A C                                                    | CUSIP: 68270DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $509796.75    | 0.06%             | 2038-07-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | COP CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |   -526000 | NC      | $-3086.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SM ENERGY COMPANY                                                                               | SM 8.75 07/01/31 144A                                              | CUSIP: 17888HAB9<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73397.06     | 0.01%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                      | BA 3.5 03/01/39                                                    | CUSIP: 097023CE3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    230000 | PA      | $192711.47    | 0.02%             | 2039-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Power Finance Corp Ltd.                                                                         | POWFIN 6.15 12/06/28 144A                                          | CUSIP: 73928QAA6<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $209014.00    | 0.02%             | 2028-12-06      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Onemain Direct Auto Receivables Trust 2017-1                                                    | ODART 2025-1A C                                                    | CUSIP: 682684AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $419246.12    | 0.05%             | 2035-10-15      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                           | SOCGEN V2.889 06/09/32 144A                                        | CUSIP: 83368RBD3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $458871.15    | 0.05%             | 2032-06-09      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                              | VEGLPL 6.5 01/15/34 144A                                           | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     60000 | PA      | $63144.99     | 0.01%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-B33RP                                                | WFCM 2025-B33RP A                                                  | CUSIP: 95004RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $750234.38    | 0.09%             | 2042-08-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                                           | ARE 1.875 02/01/33                                                 | CUSIP: 015271AV1<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   2935000 | PA      | $2438368.33   | 0.28%             | 2033-02-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                              | POST 4.5 09/15/31 144A                                             | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71717.80     | 0.01%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Queens Health System                                                                            | QUEENH 4.81 07/01/52                                               | CUSIP: 74825QAB6<br>LEI: 5493002Y81US5EEDOV69 | Long             | DBT              | CORP              | US        |     90000 | PA      | $82560.27     | 0.01%             | 2052-07-01      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                                                                           | SWOP CDS CDX.NA.IG.45.V1                                           | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DCR              | CORP              | US        | -18860000 | OU      | $-12542.50    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Aker BP ASA                                                                                     | AKERBP 4 01/15/31 144A                                             | CUSIP: 00973RAJ2<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    645000 | PA      | $629990.72    | 0.07%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLOVER CLO 2018-1 LLC                                                                           | CLVR 2018-1A A1RR                                                  | CUSIP: 18914GAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1001935.00   | 0.11%             | 2037-04-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Hunt Companies, Inc.                                                                            | HUNTCO 5.25 04/15/29 144A                                          | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |    500000 | PA      | $476337.32    | 0.05%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Jpmcc 2016-Jp4                                                                                  | JPMCC 2016-JP4 A3                                                  | CUSIP: 46645UAS6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    198338 | PA      | $197117.46    | 0.02%             | 2049-12-17      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                                    | ROCKIE 6.75 03/15/33 144A                                          | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     80000 | PA      | $84214.01     | 0.01%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust 2025-2                                                   | GSKY 2024-2 A3                                                     | CUSIP: 39571XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $510118.85    | 0.06%             | 2059-10-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Bimbo Bakeries USA, Inc.                                                                        | BIMBOA 6.05 01/15/29 144A                                          | CUSIP: 09031WAC7<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | CORP              | US        |    205000 | PA      | $215051.15    | 0.02%             | 2029-01-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                             | CATMED 4.352 09/01/30                                              | CUSIP: 20268JAY9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    400000 | PA      | $401714.75    | 0.05%             | 2030-09-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| GREENSKY HME IMP ISSUER 2024-1                                                                  | GSKY 2024-1 A4                                                     | CUSIP: 39571MAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37567 | PA      | $38535.01     | 0.00%             | 2059-06-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE BACKED SECURITIES TRUST 2026-NQM1                                                   | GSMBS 2026-NQM1 A1                                                 | CUSIP: 36276EAA8<br>LEI: 254900WEVNJASLS4UV47 | Long             | ABS-O            | CORP              | US        |    879245 | PA      | $881792.81    | 0.10%             | 2066-03-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                                    | USD/PLN FORWARD                                                    | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-4373.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FN CA7587                                                          | CUSIP: 3140QFND7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    172136 | PA      | $136804.24    | 0.02%             | 2050-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8239                                                          | CUSIP: 3132DWEL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    544591 | PA      | $549893.94    | 0.06%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                   | CHTR 5.125 05/01/27 144A                                           | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    154000 | PA      | $154160.60    | 0.02%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA5108                                                          | CUSIP: 31418EVA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    453714 | PA      | $467646.68    | 0.05%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Onemain Direct Auto Receivables Trust 2017-1                                                    | ODART 2025-1A B                                                    | CUSIP: 682684AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $840241.04    | 0.10%             | 2035-10-15      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Unum Group                                                                                      | UNM 6 06/15/54                                                     | CUSIP: 91529YAT3<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |     85000 | PA      | $82939.20     | 0.01%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                                                 | WYNMAC 5.5 10/01/27 144A                                           | CUSIP: 98313RAD8<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199931.00    | 0.02%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C6 MORTGAGE TRUST                                                                     | BMO 2024-5C6 A3                                                    | CUSIP: 05593QAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2849098.73   | 0.33%             | 2057-09-17      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Tri Pointe Homes Inc                                                                            | TPH 5.7 06/15/28                                                   | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $126779.72    | 0.01%             | 2028-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                    | T 3.5 12/15/28                                                     | CUSIP: 91282CPP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15300000 | PA      | $15345421.88  | 1.76%             | 2028-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                                                     | SWOP CDS CDX.NA.IG.45.V1                                           | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        | -34500000 | OU      | $-48927.11    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | ZAR CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |   -502000 | NC      | $-4704.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK5 2023-5YR4                                                                                 | BANK5 2023-5YR4 A3                                                 | CUSIP: 06211FAV0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1038736 | PA      | $1093878.77   | 0.13%             | 2056-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                                      | OKE 6.5 09/01/30 144A                                              | CUSIP: 682680CR2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    350000 | PA      | $378004.82    | 0.04%             | 2030-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES 2025-NQM2                                                         | GSMBS 2025-NQM2 A1                                                 | CUSIP: 36272EAA2<br>LEI: 254900WJFO182DZH8M35 | Long             | ABS-O            | CORP              | US        |    481702 | PA      | $487614.93    | 0.06%             | 2065-06-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| TalkTalk Telecom Group Ltd.                                                                     | TALKLN 11.75 03/01/28 144A                                         | CUSIP: 000000000<br>LEI: 213800WF53FVDRRHRF44 | Long             | DBT              | CORP              | GB        |     83818 | PA      | $0.11         | 0.00%             | 2028-03-01      | Fixed         | 11.75%                | No            |                  3 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                                        | ACI 5.75 03/31/34 144A                                             | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    140000 | PA      | $139335.47    | 0.02%             | 2034-03-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD3978                                                          | CUSIP: 3132E0M33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    839413 | PA      | $771129.37    | 0.09%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Onemain Direct Auto Receivables Trust 2017-1                                                    | ODART 2025-1A A                                                    | CUSIP: 682684AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $626866.86    | 0.07%             | 2035-04-16      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8104                                                          | CUSIP: 3132DWAD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    329874 | PA      | $262816.02    | 0.03%             | 2050-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                                     | CRGYFN 9.75 10/15/30 144A                                          | CUSIP: 45344LAJ2<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    375000 | PA      | $403186.63    | 0.05%             | 2030-10-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| MFA 2025-NQM4 TRUST                                                                             | MFRA 2025-NQM4 A1                                                  | CUSIP: 55287RAC2<br>LEI: 254900XBKB8JES2BO797 | Long             | ABS-O            | CORP              | US        |    753734 | PA      | $759972.84    | 0.09%             | 2070-08-25      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| BNY Capital Markets, LLC                                                                        | GBP/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: VJW2DOOHGDT6PR0ZRO63 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1515.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD RESIDENTIAL PROPERTIES ULC                                                           | BRPCN 4.875 02/15/30 144A                                          | CUSIP: 11283YAD2<br>LEI: 549300C2SXDXVIUV3Q14 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $70243.50     | 0.01%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CIM TRUST 2025-I1                                                                               | CIM 2025-I1 A1                                                     | CUSIP: 12571DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    354654 | PA      | $358648.60    | 0.04%             | 2069-10-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Unum Group                                                                                      | UNM 5.25 12/15/35                                                  | CUSIP: 91529YAU0<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |    605000 | PA      | $599735.04    | 0.07%             | 2035-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                                                                    | BRAZIL 6.25 05/22/36                                               | CUSIP: 105756CQ1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1250000 | PA      | $1261875.00   | 0.14%             | 2036-05-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                                        | ACI 5.5 03/31/31 144A                                              | CUSIP: 01309QAC2<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100677.99    | 0.01%             | 2031-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MARINER FINANCE ISSUANCE TRUST 2025-B                                                           | MFIT 2025-BA A                                                     | CUSIP: 56847TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1110321.08   | 0.13%             | 2038-11-22      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Csmc                                                                                            | CSMC 2014-USA A2                                                   | CUSIP: 12649AAC3<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $235280.98    | 0.03%             | 2037-09-17      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2026-CSMO                                                          | BX 2026-CSMO A                                                     | CUSIP: 12433LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1600000.00   | 0.18%             | 2042-02-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                                         | MPLX 5.5 02/15/49                                                  | CUSIP: 55336VAT7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51583.81     | 0.01%             | 2049-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE                                                             | MSRM 2025-NQM5 A1                                                  | CUSIP: 61779BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    530108 | PA      | $535088.13    | 0.06%             | 2070-07-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | COP CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |    496000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands Inc                                                                 | CNR 8.75 08/01/28 144A                                             | CUSIP: 13323NAA0<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    175000 | PA      | $132028.70    | 0.02%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Gen Digital Inc                                                                                 | GEN 6.25 04/01/33 144A                                             | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49814.24     | 0.01%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Comm 2017-Panw Mortgage Trust                                                                   | COMM 2017-COR2 A3                                                  | CUSIP: 12595EAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    372728 | PA      | $368393.14    | 0.04%             | 2050-09-12      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                         | UNH 5.5 07/15/44                                                   | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1508326.52   | 0.17%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4492                                                          | CUSIP: 31418D7E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    543324 | PA      | $451889.22    | 0.05%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEWMONT CORP                                                                                    | NEM 5.35 03/15/34                                                  | CUSIP: 65163LAR0<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | DBT              | CORP              | US        |    350000 | PA      | $369936.97    | 0.04%             | 2034-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                    | T 3.625 12/31/30                                                   | CUSIP: 91282CPR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22845000 | PA      | $22953870.70  | 2.63%             | 2030-12-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Brixmor Operating Partnership LP                                                                | BRX 5.5 02/15/34                                                   | CUSIP: 11120VAM5<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    185000 | PA      | $192447.32    | 0.02%             | 2034-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Gold, Inc.                                                                                  | NGDCN 6.875 04/01/32 144A                                          | CUSIP: 644535AJ5<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | CORP              | CA        |    365000 | PA      | $386874.45    | 0.04%             | 2032-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-V2 MORTGAGE TRUST                                                                | BMARK 2023-V2 A3                                                   | CUSIP: 08163TAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    626000 | PA      | $646928.37    | 0.07%             | 2055-05-17      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD/MXN FORWARD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $11273.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                           | SOCGEN V2.797 01/19/28 144A                                        | CUSIP: 83368RBH4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    195000 | PA      | $192811.14    | 0.02%             | 2028-01-19      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 2.375 11/15/49                                                   | CUSIP: 912810SK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6740000 | PA      | $4505268.75   | 0.52%             | 2049-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4494                                                          | CUSIP: 31418D7G1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    346620 | PA      | $315733.07    | 0.04%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                                                    | UAL 4.875 03/01/29                                                 | CUSIP: 910047AM1<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    290000 | PA      | $292076.27    | 0.03%             | 2029-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                                             | BNS V7.35 04/27/85                                                 | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    530000 | PA      | $554196.57    | 0.06%             | 2085-04-27      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-NQM5                                                                                  | EFMT 2025-NQM5 A1                                                  | CUSIP: 28225KAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    859568 | PA      | $864091.33    | 0.10%             | 2070-11-25      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA9543                                                          | CUSIP: 36179YS88<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    137153 | PA      | $142839.40    | 0.02%             | 2054-03-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| McAfee Corp                                                                                     | MCFE 7.375 02/15/30 144A                                           | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |    150000 | PA      | $122717.63    | 0.01%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Egypt (Arab Republic of)                                                                        | EGYPT 4.75 04/16/26 REGS                                           | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    300000 | PA      | $354480.00    | 0.04%             | 2026-04-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                                                          | GM 6.6 04/01/36                                                    | CUSIP: 37045VAK6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    785000 | PA      | $861278.46    | 0.10%             | 2036-04-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | TWD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-5485.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 3 02/15/49                                                       | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12145000 | PA      | $9285232.03   | 1.06%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MGM Resorts International                                                                       | MGM 4.75 10/15/28                                                  | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225078.69    | 0.03%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Tikehau CLO IV Designated Activity Company                                                      | TIKEH 4A AR                                                        | CUSIP: 000000000<br>LEI: 5493003A9LSOVYP56X91 | Long             | ABS-O            | CORP              | IE        |   2750000 | PA      | $3257523.50   | 0.37%             | 2039-10-15      | Floating      | 3.36%                 | No            |                  2 | On Loan: No      |
| SNF Group SA                                                                                    | SNFF 3.375 03/15/30 144A                                           | CUSIP: 7846ELAE7<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    875000 | PA      | $824604.99    | 0.09%             | 2030-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                                                              | DOMREP 5.5 02/22/29 144A                                           | CUSIP: 25714PEP9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    470000 | PA      | $477872.50    | 0.05%             | 2029-02-22      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LLC                                                                      | ATCLO 2019-14A AR                                                  | CUSIP: 04942CAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    190959 | PA      | $190990.08    | 0.02%             | 2032-07-20      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                                                                 | DANBNK V5.019 03/04/31 144A                                        | CUSIP: 23636ABK6<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    760000 | PA      | $779430.77    | 0.09%             | 2031-03-04      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                              | HBAN V5.709 02/02/35                                               | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    155000 | PA      | $163025.32    | 0.02%             | 2035-02-02      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4182                                                          | CUSIP: 31418DUG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    778559 | PA      | $650942.45    | 0.07%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA8100                                                          | CUSIP: 36179W7M4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1320835 | PA      | $1282279.51   | 0.15%             | 2052-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | SWOP CDS CDX.NA.HY.45.V1                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |   -810000 | OU      | $-1011.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANKS                                                                         | FR SD7543                                                          | CUSIP: 3132DVLY9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |   2537642 | PA      | $2244776.87   | 0.26%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8474                                                          | CUSIP: 3132DWMX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    481402 | PA      | $484053.45    | 0.06%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                        | T 2.25 02/01/32                                                    | CUSIP: 00206RKH4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $893227.52    | 0.10%             | 2032-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                              | HBAN V6.208 08/21/29                                               | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42005.88     | 0.00%             | 2029-08-21      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                              | ET 6.55 12/01/33                                                   | CUSIP: 29273VAU4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    590000 | PA      | $653471.19    | 0.07%             | 2033-12-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 4.75 05/15/55                                                    | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1295000 | PA      | $1318067.19   | 0.15%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Limited                                                              | FFHCN 6 12/07/33                                                   | CUSIP: 303901BN1<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    405000 | PA      | $431664.92    | 0.05%             | 2033-12-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FactSet Research Systems Inc.                                                                   | FDS 3.45 03/01/32                                                  | CUSIP: 303075AB1<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | DBT              | CORP              | US        |    790000 | PA      | $723748.07    | 0.08%             | 2032-03-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA3870                                                          | CUSIP: 31418DJQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    299637 | PA      | $262747.06    | 0.03%             | 2049-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COLT 2025-7 MORTGAGE LOAN TRUST                                                                 | COLT 2025-7 A1                                                     | CUSIP: 19689CAA9<br>LEI: 213800DOQUYA3TO33M98 | Long             | ABS-O            | CORP              | US        |    626029 | PA      | $632698.36    | 0.07%             | 2070-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | INR CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |   -519000 | NC      | $-803.89      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Alta Equipment Group Inc                                                                        | ALTG 9 06/01/29 144A                                               | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |     95000 | PA      | $90051.05     | 0.01%             | 2029-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2011-C2                                                          | MSC 2020-HR8 A3                                                    | CUSIP: 61692BBJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    244084 | PA      | $223943.07    | 0.03%             | 2053-07-17      | Variable      | 1.79%                 | No            |                  2 | On Loan: No      |
| Monument CLO 1 Designated Activity Co.                                                          | MNMNT 1A A                                                         | CUSIP: 000000000<br>LEI: 254900PSVC5Y0GWN0R36 | Long             | ABS-O            | CORP              | IE        |   1500000 | PA      | $1780380.94   | 0.20%             | 2037-05-15      | Floating      | 3.57%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                      | BA 3.9 05/01/49                                                    | CUSIP: 097023CK9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    665000 | PA      | $507655.51    | 0.06%             | 2049-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4564                                                          | CUSIP: 31418ECA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1738729 | PA      | $1576101.24   | 0.18%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                           | SOCGEN V3.337 01/21/33 144A                                        | CUSIP: 83368RBJ0<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $371317.00    | 0.04%             | 2033-01-21      | Fixed         | 3.34%                 | Yes           |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC                                                         | CHTR 5.5 09/01/41                                                  | CUSIP: 88732JBB3<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |    995000 | PA      | $891285.37    | 0.10%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AEP Texas Inc                                                                                   | AEP 5.4 06/01/33                                                   | CUSIP: 00108WAR1<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    225000 | PA      | $234040.78    | 0.03%             | 2033-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Steel Dynamics, Inc.                                                                            | STLD 3.45 04/15/30                                                 | CUSIP: 858119BK5<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116711.41    | 0.01%             | 2030-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Boots Group Finco LP/ The Boots Group Luxco S.a.r.l.                                            | BOOTFN 5.375 08/31/32 144a                                         | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    100000 | PA      | $122720.98    | 0.01%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | CDS WELLS FARGO & COMPANY                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2386.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CoreWeave Inc.                                                                                  | CRWV 9 02/01/31 144A                                               | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241766.85    | 0.03%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| KBC Group NV                                                                                    | KBCBB V4.932 10/16/30 144A                                         | CUSIP: 48241FAD6<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |    300000 | PA      | $307018.26    | 0.04%             | 2030-10-16      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Champion Iron Canada Inc.                                                                       | CIACN 7.875 07/15/32 144A                                          | CUSIP: 15853BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    265000 | PA      | $281395.55    | 0.03%             | 2032-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ACCO Brands Corporation                                                                         | ACCO 4.25 03/15/29 144A                                            | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |    325000 | PA      | $298857.94    | 0.03%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corporation                                                              | HNDA 5.05 07/10/31 GMTN                                            | CUSIP: 02665WFL0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    465000 | PA      | $481795.58    | 0.06%             | 2031-07-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                                      | BATSLN 6.343 08/02/30                                              | CUSIP: 054989AA6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     75000 | PA      | $81571.82     | 0.01%             | 2030-08-02      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| University of Southern California (The)                                                         | USCTRJ 4.976 10/01/53                                              | CUSIP: 914886AH9<br>LEI: 0GMCSQ6M60R4T46U5511 | Long             | DBT              | CORP              | US        |    212000 | PA      | $203621.67    | 0.02%             | 2053-10-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2025-FIX1                                                             | TPMT 2025-FIX1 A1                                                  | CUSIP: 89183MAA1<br>LEI: 2549009GWN99QN2XSG71 | Long             | ABS-O            | CORP              | US        |    732539 | PA      | $736111.29    | 0.08%             | 2065-09-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| MGM Resorts International                                                                       | MGM 6.5 04/15/32                                                   | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    135000 | PA      | $138543.77    | 0.02%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EFMT 2026-INV2                                                                                  | EFMT 2026-INV2 A1                                                  | CUSIP: 26846TAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $900810.54    | 0.10%             | 2071-02-25      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | SGD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-4071.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                   | F 7.2 06/10/30                                                     | CUSIP: 345397D42<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    255000 | PA      | $275067.92    | 0.03%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Chart Industries Inc                                                                            | GTLS 7.5 01/01/30 144A                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52015.59     | 0.01%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 02/15/41                                                       | CUSIP: 912834JP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    705000 | PA      | $355159.88    | 0.04%             | 2041-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                            | CCL 5.75 08/01/32 144A                                             | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    215000 | PA      | $223120.55    | 0.03%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA3936                                                          | CUSIP: 31418DLS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    124810 | PA      | $109304.34    | 0.01%             | 2050-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8233                                                          | CUSIP: 3132DWEE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    125567 | PA      | $126931.06    | 0.01%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG New York Branch                                                                | DB V2.552 01/07/28                                                 | CUSIP: 25160PAH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $306070.19    | 0.04%             | 2028-01-07      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| EG Global Finance PLC                                                                           | EGBLFN 11 11/30/28 144a                                            | CUSIP: 000000000<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $126916.84    | 0.01%             | 2028-11-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| CROSS 2025-H2 MORTGAGE TRUST                                                                    | CROSS 2025-H2 A1                                                   | CUSIP: 22758PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    462417 | PA      | $465649.42    | 0.05%             | 2070-03-25      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-DSC2                                        | MSRM 2025-DSC2 A1                                                  | CUSIP: 61778XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    667421 | PA      | $675251.00    | 0.08%             | 2070-07-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                                                                      | USD/CNH FORWARD                                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-11846.95    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                             | CATMED 5.205 12/01/31                                              | CUSIP: 20268JAR4<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    545000 | PA      | $568191.20    | 0.07%             | 2031-12-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-CES1 Trust                                                                            | EFMT 2025-CES1 A1A                                                 | CUSIP: 26846VAA2<br>LEI: 254900CMJGXNT3R7H775 | Long             | ABS-O            | CORP              | US        |    333268 | PA      | $337662.37    | 0.04%             | 2060-01-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| TRICON RESIDENTAL TR 2025-SFR1                                                                  | TCN 2025-SFR1 A                                                    | CUSIP: 895974AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    692300 | PA      | $692732.79    | 0.08%             | 2042-03-19      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Rivers Enterprise Borrower LLC / Rivs Enterprise Fin Corp.                                      | RIVENT 6.625 02/01/33 144A                                         | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $410619.21    | 0.05%             | 2033-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                            | CCL 5.125 05/01/29 144A                                            | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    260000 | PA      | $263534.39    | 0.03%             | 2029-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS SA DE CV                                                                    | PEMEX 6.625 06/15/38                                               | CUSIP: 706451BR1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     42000 | PA      | $39340.98     | 0.00%             | 2038-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                    | T 3.75 11/30/32                                                    | CUSIP: 91282CPM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31765000 | PA      | $31849375.78  | 3.65%             | 2032-11-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Tri Pointe Homes Inc                                                                            | TPH 5.25 06/01/27                                                  | CUSIP: 87265HAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100609.77    | 0.01%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 5 05/15/45                                                       | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8110000 | PA      | $8573790.63   | 0.98%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA6                                                         | STACR 2021-DNA6 M2                                                 | CUSIP: 35564KKY4<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-O            | USGSE             | US        |    153167 | PA      | $153584.60    | 0.02%             | 2041-10-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                                                           | TRY CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |   -728000 | NC      | $-4632.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | INR/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-15425.86    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                              | ET 6.4 12/01/30                                                    | CUSIP: 29273VAT7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10894.78     | 0.00%             | 2030-12-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| CROSS 2026-NQM1 MORTGAGE TRUST                                                                  | CROSS 2026-NQM1 A1                                                 | CUSIP: 22758EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1095461 | PA      | $1094118.39   | 0.13%             | 2061-02-25      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                              | SANTAN 5.439 07/15/31                                              | CUSIP: 05964HBG9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $422853.24    | 0.05%             | 2031-07-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                   | OMF 6.625 05/15/29                                                 | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204492.43    | 0.02%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                                                    | MPW 5 10/15/27                                                     | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73655.40     | 0.01%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shire Acquisitions Investments Ireland DAC                                                      | TACHEM 3.2 09/23/26                                                | CUSIP: 82481LAD1<br>LEI: 549300XK5HGW68R8K327 | Long             | DBT              | CORP              | IE        |      6000 | PA      | $5976.77      | 0.00%             | 2026-09-23      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                                     | ABBV 4.05 11/21/39                                                 | CUSIP: 00287YCA5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    265000 | PA      | $239744.64    | 0.03%             | 2039-11-21      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                   | CHTR 4.5 05/01/32                                                  | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $45782.76     | 0.01%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Limited                                                              | CNQCN 5.85 02/01/35                                                | CUSIP: 136385AG6<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $267160.88    | 0.03%             | 2035-02-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CIFC Funding 2018                                                                               | CIFC 2018-2A A1R                                                   | CUSIP: 17180WAJ4<br>LEI: 635400A7PBKNR7KBOY58 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3006003.00   | 0.34%             | 2037-10-20      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                                            | SWOP CDS CDX.NA.HY.45.V1                                           | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DCR              | CORP              | CA        |  -1350000 | OU      | $-2947.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                               | BMARK 2021-B26 XB                                                  | CUSIP: 08163EBJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18164000 | PA      | $512664.37    | 0.06%             | 2054-06-17      | Variable      | 0.64%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                               | WFC V4.808 07/25/28 MTN                                            | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    295000 | PA      | $298119.90    | 0.03%             | 2028-07-25      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST 2015-GS1                                                           | GSMS 2018-GS10 A4                                                  | CUSIP: 36250SAD1<br>LEI: 549300WZ62L3Y22NOZ64 | Long             | ABS-O            | CORP              | US        |    125000 | PA      | $124403.08    | 0.01%             | 2051-07-12      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                                    | BHCCN 5.25 02/15/31 144A                                           | CUSIP: 071734AL1<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $16437.50     | 0.00%             | 2031-02-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CANYON CLO 2022-1 LTD                                                                           | CANYC 2022-1A A                                                    | CUSIP: 13877JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    292000 | PA      | $292210.53    | 0.03%             | 2035-04-16      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                                        | WCC 5.25 04/15/31 144A                                             | CUSIP: 95081QAT1<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70222.80     | 0.01%             | 2031-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cvc Cordatus Loan Fund XIV Designated Activity Company                                          | CORDA 14A A1R                                                      | CUSIP: 000000000<br>LEI: 635400UH3DTSYN3K2540 | Long             | ABS-O            | CORP              | IE        |    536941 | PA      | $635323.58    | 0.07%             | 2032-05-24      | Floating      | 2.87%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                    | AVGO 5.05 07/12/29                                                 | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    570000 | PA      | $589382.43    | 0.07%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FN CA7697                                                          | CUSIP: 3140QFRT8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    315712 | PA      | $251485.23    | 0.03%             | 2050-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                     | RCKT 2025-CES3 A1A                                                 | CUSIP: 749420AA3<br>LEI: 254900HS4CN69R7ARQ97 | Long             | ABS-O            | CORP              | US        |    771253 | PA      | $780358.41    | 0.09%             | 2055-03-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD CALL VERSUS ZAR PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |    740000 | NC      | $1163.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashland Inc.                                                                                    | ASH 3.375 09/01/31 144A                                            | CUSIP: 04433LAA0<br>LEI: 529900E4L9R04SB8HB11 | Long             | DBT              | CORP              | US        |     75000 | PA      | $68876.65     | 0.01%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                              | TMUS 2.55 02/15/31                                                 | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    450000 | PA      | $416436.47    | 0.05%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 1.625 11/15/50                                                   | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7965000 | PA      | $4370793.75   | 0.50%             | 2050-11-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Sun Communities Operating Limited Partnership                                                   | SUI 2.3 11/01/28                                                   | CUSIP: 866677AF4<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |    155000 | PA      | $148049.34    | 0.02%             | 2028-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2023-R05                                                    | CAS 2023-R05 1M2                                                   | CUSIP: 207942AB9<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    100000 | PA      | $103851.42    | 0.01%             | 2043-06-25      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                                  | INTNED V6.114 09/11/34                                             | CUSIP: 456837BH5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    270000 | PA      | $293069.48    | 0.03%             | 2034-09-11      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 02/15/43                                                       | CUSIP: 912834MD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     60000 | PA      | $26945.64     | 0.00%             | 2043-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                             | EXE 5.875 02/01/29 144A                                            | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125042.02    | 0.01%             | 2029-02-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                            | JPM V5.294 07/22/35                                                | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    335000 | PA      | $347554.82    | 0.04%             | 2035-07-22      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| LINCT 2024-1 A1X                                                                                | LINCT 2024-1 A1X                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.11%             | 2027-06-27      | Floating      | 2.75%                 | No            |                  3 | On Loan: No      |
| Bank of America, National Association                                                           | SGD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-3240.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bunge Ltd Finance Corp.                                                                         | BG 2.75 05/14/31                                                   | CUSIP: 120568BC3<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    600000 | PA      | $558284.20    | 0.06%             | 2031-05-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FIGRE TRUST 2026-HE1                                                                            | FIGRE 2026-HE1 A                                                   | CUSIP: 30249NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    487827 | PA      | $491658.45    | 0.06%             | 2056-01-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                                    | BHCCN 5 02/15/29 144A                                              | CUSIP: 071734AM9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $19032.75     | 0.00%             | 2029-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                     | RCKT 2024-CES5 A1A                                                 | CUSIP: 74938KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    154407 | PA      | $155993.12    | 0.02%             | 2044-08-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                                                                              | EOG 5.35 01/15/36                                                  | CUSIP: 26875PAZ4<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1246667.05   | 0.14%             | 2036-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                                            | CHTR 3.5 06/01/41                                                  | CUSIP: 161175BZ6<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    470000 | PA      | $338748.20    | 0.04%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC                                                                        | OBX 2026-NQM1 A1                                                   | CUSIP: 67123HAA1<br>LEI: 549300JK5TDDSAIKZ665 | Long             | ABS-O            | CORP              | US        |    688009 | PA      | $690070.62    | 0.08%             | 2065-11-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2025-HE2                                                              | TPMT 2025-HE2 A1A                                                  | CUSIP: 89183PAA4<br>LEI: 254900HCCXAYNB40M417 | Long             | ABS-O            | CORP              | US        |    714768 | PA      | $717160.96    | 0.08%             | 2065-09-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA8649                                                          | CUSIP: 36179XTE6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    303082 | PA      | $311594.10    | 0.04%             | 2053-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8278                                                          | CUSIP: 3132DWFT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    342358 | PA      | $353679.24    | 0.04%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC                                                          | CDS REPUBLIC OF ARGENTINA                                          | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $14901.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| 1011778 B.C. ULC                                                                                | BCULC 3.5 02/15/29 144A                                            | CUSIP: 68245XAP4<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $24159.75     | 0.00%             | 2029-02-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                                                         | MPLX 5.2 03/01/47                                                  | CUSIP: 55336VAL4<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    105000 | PA      | $95846.65     | 0.01%             | 2047-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                                        | AESOP 2023-4A A                                                    | CUSIP: 05377RGY4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1029380.80   | 0.12%             | 2029-06-20      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA-30YR                                                          | CUSIP: 01F060634<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2564220.68   | 0.29%             | 2056-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                                                                 | BALN 5.125 03/26/29 144A                                           | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    295000 | PA      | $305379.78    | 0.04%             | 2029-03-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                | NRG 5.75 01/15/34 144A                                             | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    305000 | PA      | $309312.92    | 0.04%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                                                                      | CNHI 4.5 10/08/27                                                  | CUSIP: 12592BAT1<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    625000 | PA      | $629257.47    | 0.07%             | 2027-10-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AEP Texas Inc                                                                                   | AEP 5.45 05/15/29                                                  | CUSIP: 00108WAS9<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156210.03    | 0.02%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Shackleton 2014-V-R Clo Ltd / Llc                                                               | SHACK 2014-5RA B                                                   | CUSIP: 81881JAE2<br>LEI: 549300OM5GJJFIKCOZ48 | Long             | ABS-CBDO         | CORP              | KY        |    541796 | PA      | $543041.95    | 0.06%             | 2031-05-07      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FN MA5552                                                          | CUSIP: 31418FE29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    766396 | PA      | $770597.51    | 0.09%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                                                           | USD/MXN FORWARD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $76278.11     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                                    | BHCCN 4.875 06/01/28 144A                                          | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    148000 | PA      | $137270.00    | 0.02%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                                          | MSI 2.75 05/24/31                                                  | CUSIP: 620076BU2<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $983364.14    | 0.11%             | 2031-05-24      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                              | EIX 5.3 03/01/28                                                   | CUSIP: 842400HU0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112550.75    | 0.01%             | 2028-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8279                                                          | CUSIP: 3132DWFU2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    379116 | PA      | $391653.00    | 0.04%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                    | T 4.125 02/15/36                                                   | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3160000 | PA      | $3201968.75   | 0.37%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA7651                                                          | CUSIP: 36179WQC5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    560039 | PA      | $530694.58    | 0.06%             | 2051-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust 2020-C6                                                                    | BBCMS 2020-C7 XB                                                   | CUSIP: 05492VAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1019000 | PA      | $37856.26     | 0.00%             | 2053-04-17      | Variable      | 0.97%                 | No            |                  2 | On Loan: No      |
| Brixmor Operating Partnership LP                                                                | BRX 3.9 03/15/27                                                   | CUSIP: 11120VAE3<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    700000 | PA      | $699116.41    | 0.08%             | 2027-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8253                                                          | CUSIP: 3132DWE25<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     79652 | PA      | $82264.65     | 0.01%             | 2052-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Crown City Clo Ii / Llc                                                                         | CCITY 2020-2A A1AR                                                 | CUSIP: 22823KAQ7<br>LEI: 549300TQXORNUWLBOD84 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250072.03    | 0.03%             | 2035-04-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon                                                                     | MXN/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-15680.80    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Smithfield Foods Inc                                                                            | SFD 4.25 02/01/27 144A                                             | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1179934.96   | 0.14%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Kennedy Lewis CLO Ltd                                                                           | Kennedy Lewis CLO 3 Ltd                                            | CUSIP: 48936JAA4<br>LEI: 549300TKWX739FHPEQ97 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4001666.00   | 0.46%             | 2036-10-20      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4513                                                          | CUSIP: 31418EAP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    978469 | PA      | $886079.42    | 0.10%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4623                                                          | CUSIP: 31418ED56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1022850 | PA      | $891805.75    | 0.10%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc.                                                                      | CZR 7 02/15/30 144A                                                | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76921.67     | 0.01%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                                                            | ENTERP 3.3 12/01/26 144A                                           | CUSIP: 26884TAR3<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159300.98    | 0.02%             | 2026-12-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FN MA5553                                                          | CUSIP: 31418FE37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    454590 | PA      | $462169.89    | 0.05%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Clean Harbors, Inc.                                                                             | CLH 5.75 10/15/33 144A                                             | CUSIP: 184496AR8<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86979.06     | 0.01%             | 2033-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA-30YR                                                          | CUSIP: 01F060642<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $512805.07    | 0.06%             | 2056-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                           | TRGP 5.5 02/15/35                                                  | CUSIP: 87612GAK7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    222000 | PA      | $229682.99    | 0.03%             | 2035-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                                                     | Options on Three-Month SOFR Futures                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |        51 | NC      | $2231.25      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                                                                               | HRI 6 03/15/34 144A                                                | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40230.43     | 0.00%             | 2034-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE BACKED SECURITIES TRUST 2025-NQM3                                                   | GSMBS 2025-NQM3 A1                                                 | CUSIP: 36274TAA7<br>LEI: 2549007JKCA9H9HUGZ71 | Long             | ABS-O            | CORP              | US        |    486363 | PA      | $489116.52    | 0.06%             | 2065-11-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| Brixmor Operating Partnership LP                                                                | BRX 5.75 02/15/35                                                  | CUSIP: 11120BAA5<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |     75000 | PA      | $79348.79     | 0.01%             | 2035-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                                                          | EXR 3.9 04/01/29                                                   | CUSIP: 30225VAH0<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134245.63    | 0.02%             | 2029-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 05/15/40                                                       | CUSIP: 912834HV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    155000 | PA      | $81641.04     | 0.01%             | 2040-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OFSI BSL CLO XIII LTD                                                                           | OFSBS 2024-13A A1                                                  | CUSIP: 67118VAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2004966.60   | 0.23%             | 2037-04-20      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                            | CLF 7.5 09/15/31 144A                                              | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $260926.62    | 0.03%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| JELD-WEN, Inc.                                                                                  | JELD 4.875 12/15/27 144A                                           | CUSIP: 475795AD2<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |    180000 | PA      | $146198.49    | 0.02%             | 2027-12-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                                                          | COLOM 5.375 01/21/29                                               | CUSIP: 195325ET8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    460000 | PA      | $459080.00    | 0.05%             | 2029-01-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2023-5C23                                                                  | BBCMS 2023-5C23 A3                                                 | CUSIP: 05493QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1166481.47   | 0.13%             | 2056-12-15      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon                                                                     | USD/ZAR FORWARD                                                    | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              | CORP              | US        |         1 | NC      | $2526.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Boyd Gaming Corporation                                                                         | BYD 4.75 06/15/31 144A                                             | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    170000 | PA      | $166371.75    | 0.02%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VNDO 2016-350P Mortgage Trust                                                                   | VNDO 2016-350P A                                                   | CUSIP: 91831UAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    985000 | PA      | $980039.84    | 0.11%             | 2035-01-12      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FR SD8141                                                          | CUSIP: 3132DWBJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    404476 | PA      | $353791.20    | 0.04%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                  | C V2.666 01/29/31                                                  | CUSIP: 172967ML2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    990000 | PA      | $934417.10    | 0.11%             | 2031-01-29      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                                                                      | CNHI 5.5 01/12/29                                                  | CUSIP: 12592BAR5<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    390000 | PA      | $404625.28    | 0.05%             | 2029-01-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK5 2025-5YR17                                                                                | BANK5 2025-5YR17 A3                                                | CUSIP: 06211GAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1440000 | PA      | $1499075.14   | 0.17%             | 2058-11-18      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                           | ROMANI 1.75 07/13/30 REGS                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    160000 | PA      | $173678.18    | 0.02%             | 2030-07-13      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                    | PEMEX 6.84 01/23/30                                                | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    260000 | PA      | $266500.00    | 0.03%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-ARIA                                                                              | BX 2025-ARIA A                                                     | CUSIP: 05619TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1283169.13   | 0.15%             | 2042-12-15      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| Wynn Resorts Finance Llc / Wynn Resorts Capital Corp                                            | WYNFIN 6.25 03/15/33 144A                                          | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35748.57     | 0.00%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                                                           | CZK/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $7192.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Private Credit Corp.                                                              | GSCRED 5.875 01/31/31 144A                                         | CUSIP: 38152BAG6<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |    855000 | PA      | $840342.99    | 0.10%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPERATING CO LLC                                                                       | GDDY 3.5 03/01/29 144A                                             | CUSIP: 38016LAC9<br>LEI: 5493005GJOH8HLL11157 | Long             | DBT              | CORP              | US        |    250000 | PA      | $233454.86    | 0.03%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANKS                                                                         | FR SD8083                                                          | CUSIP: 3132DV6U4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |    442727 | PA      | $387227.06    | 0.04%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                             | VICI 5.75 02/01/27 144A                                            | CUSIP: 92564RAJ4<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009199.89   | 0.12%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bellis Acquisition Co PLC                                                                       | ASSDLN 8 07/01/31 REGS                                             | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $364358.18    | 0.04%             | 2031-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GRP LLC- CS                                                                      | DIAMOND SPORTS GRP LLC- CS                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1016 | NS      | $191.01       | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment Inc.                                                                      | CZR 4.625 10/15/29 144A                                            | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1270886.58   | 0.15%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corporation                                                                            | DISH 5.125 06/01/29                                                | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $44509.95     | 0.01%             | 2029-06-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                            | JPM V5.581 04/22/30                                                | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    755000 | PA      | $788534.55    | 0.09%             | 2030-04-22      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                             | VICI 4.5 01/15/28 144A                                             | CUSIP: 92564RAK1<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1504833.07   | 0.17%             | 2028-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                      | USD/IDR FORWARD                                                    | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-19642.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                                                       | USD/SGD FORWARD                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $7017.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 4.625 11/15/45                                                   | CUSIP: 912810UQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4415000 | PA      | $4444663.28   | 0.51%             | 2045-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                                                    | MPW 3.5 03/15/31                                                   | CUSIP: 55342UAM6<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |     75000 | PA      | $57616.96     | 0.01%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8142                                                          | CUSIP: 3132DWBK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    629145 | PA      | $574071.07    | 0.07%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                  | MS V1.794 02/13/32 MTN                                             | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5760000 | PA      | $5099222.16   | 0.58%             | 2032-02-13      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST                                                                            | LHOME 2024-RTL4 A1                                                 | CUSIP: 50205PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251051.23    | 0.03%             | 2039-07-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4466                                                          | CUSIP: 31418D6C1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2012902 | PA      | $1757513.39   | 0.20%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Relx Capital Inc.                                                                               | RELLN 5.25 03/27/35                                                | CUSIP: 74949LAG7<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102916.48    | 0.01%             | 2035-03-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC                                                                  | PK 4.875 05/15/29 144A                                             | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196513.97    | 0.02%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4465                                                          | CUSIP: 31418D6B3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    493067 | PA      | $410243.96    | 0.05%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2025-Nqm1                                        | MSRM 2025-NQM10 A1                                                 | CUSIP: 617955AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    768865 | PA      | $773133.93    | 0.09%             | 2070-11-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | USD/PEN FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-4372.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4208                                                          | CUSIP: 31418DVA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1676753 | PA      | $1402776.60   | 0.16%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H3 MORTGAGE TRUST                                                                    | CROSS 2025-H9 A1                                                   | CUSIP: 227923AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    789172 | PA      | $792706.64    | 0.09%             | 2070-11-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                                      | AMGN 5.6 03/02/43                                                  | CUSIP: 031162DS6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    205000 | PA      | $209627.35    | 0.02%             | 2043-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DCP Midstream Operating LP                                                                      | DCP 6.75 09/15/37                                                  | CUSIP: 23311RAA4<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    310000 | PA      | $344412.15    | 0.04%             | 2037-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                            | GM 5.05 04/04/28                                                   | CUSIP: 37045XFE1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    225000 | PA      | $229355.41    | 0.03%             | 2028-04-04      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-Roic                                                                              | BX 2025-ROIC A                                                     | CUSIP: 05593VAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1132178 | PA      | $1130762.94   | 0.13%             | 2030-03-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                                          | SRE V4.125 04/01/52                                                | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118500.83    | 0.01%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE BOARD OF TRUSTEES UNIVERSITY (MI)                                                | MI MISHGR 4.17 08/15/2122                                          | CUSIP: 594712WY3<br>LEI: 5493000C7JLSR3TV6F07 | Long             | DBT              | MUN               | US        |     45000 | PA      | $33891.44     | 0.00%             | 2122-08-15      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Brixmor Operating Partnership LP                                                                | BRX 4.05 07/01/30                                                  | CUSIP: 11120VAJ2<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143702.36    | 0.02%             | 2030-07-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| EchoStar Corp.                                                                                  | SATS 10.75 11/30/29 .                                              | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    850000 | PA      | $928334.28    | 0.11%             | 2029-11-30      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                                                    | USD/SGD FORWARD                                                    | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-8601.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| 1011778 B.C. ULC                                                                                | BCULC 5.625 09/15/29 144A                                          | CUSIP: 68245XAT6<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |    135000 | PA      | $137322.00    | 0.02%             | 2029-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Sun Communities Operating Limited Partnership                                                   | SUI 4.2 04/15/32                                                   | CUSIP: 866677AH0<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |   3080000 | PA      | $3020310.48   | 0.35%             | 2032-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CF Industries, Inc.                                                                             | CF 5.15 03/15/34                                                   | CUSIP: 12527GAF0<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132242.65    | 0.02%             | 2034-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                                         | HYNMTR 5.25 01/08/27 144A                                          | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    355000 | PA      | $358829.54    | 0.04%             | 2027-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL STREET MASTER TRUST                                                                     | CAPST 2024-1 A                                                     | CUSIP: 14051LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300194.22    | 0.03%             | 2028-10-16      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                  | MS V1.928 04/28/32 MTN                                             | CUSIP: 6174468X0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    515000 | PA      | $456898.69    | 0.05%             | 2032-04-28      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                              | SANTAN V5.552 03/14/28                                             | CUSIP: 05964HBA2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $405721.04    | 0.05%             | 2028-03-14      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                            | CLF 6.875 11/01/29 144A                                            | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77232.47     | 0.01%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                                        | WCC 5.5 04/15/34 144A                                              | CUSIP: 95081QAU8<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80607.69     | 0.01%             | 2034-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8140                                                          | CUSIP: 3132DWBH5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    795040 | PA      | $663725.76    | 0.08%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                     | 10-Year T-Note Futures, Jun-2026,ETH                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        16 | NC      | $7852.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                                                                           | TRGP 4.9 09/15/30                                                  | CUSIP: 87612GAP6<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25655.22     | 0.00%             | 2030-09-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| REGENTS OF THE UNIVERSITY OF MICHIGAN (MI)                                                      | MI UNVHGR 4.45 04/01/2122                                          | CUSIP: 914455UJ7<br>LEI: 549300MFOB21PM9P9H72 | Long             | DBT              | MUN               | US        |    100000 | PA      | $81290.07     | 0.01%             | 2122-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-B                                                             | BX 2025-BCAT A                                                     | CUSIP: 12433HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    910371 | PA      | $910655.06    | 0.10%             | 2042-08-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                    | ORCL 5.25 02/03/32                                                 | CUSIP: 68389XCZ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    525000 | PA      | $526917.14    | 0.06%             | 2032-02-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EG Global Finance PLC                                                                           | EGBLFN 12 11/30/28 144A                                            | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $215000.00    | 0.02%             | 2028-11-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                           | ROMANI 4.625 03/04/33 144A                                         | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    780000 | PA      | $919767.27    | 0.11%             | 2033-03-04      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                    | T 2.75 07/31/27                                                    | CUSIP: 91282CFB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15260000 | PA      | $15113360.94  | 1.73%             | 2027-07-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MTG TR 2025-3BP                                                                  | NYC 2025-3BP D                                                     | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $260650.00    | 0.03%             | 2042-02-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Ashton Woods (USA) LLC/Ashton Woods Finance Co.                                                 | ASHWOO 4.625 08/01/29 144A                                         | CUSIP: 045086AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $48728.43     | 0.01%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                       | GS V4.125 PERP V                                                   | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54774.98     | 0.01%             | N/A             | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                                     | FWD TREASURY BOND                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | US        |   3465000 | NC      | $111033.95    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                              | SANTAN V5.538 03/14/30                                             | CUSIP: 05964HBB0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $207515.00    | 0.02%             | 2030-03-14      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                            | CLF 7.375 05/01/33 144A                                            | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35918.37     | 0.00%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corporation                                                                            | DISH 7.375 07/01/28                                                | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24175.89     | 0.00%             | 2028-07-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                            | CCL 5.75 03/15/30 144A                                             | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    125000 | PA      | $128916.25    | 0.01%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BX CML MTG TR 2021-CIP                                                                          | BX 2021-CIP E                                                      | CUSIP: 12434FAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    131401 | PA      | $131359.69    | 0.02%             | 2038-12-15      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8317                                                          | CUSIP: 3132DWG23<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    349218 | PA      | $360473.47    | 0.04%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                                                         | BAH 5.95 08/04/33                                                  | CUSIP: 09951LAC7<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205219.75    | 0.02%             | 2033-08-04      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                     | COF V7.624 10/30/31 .                                              | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $112971.70    | 0.01%             | 2031-10-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA-30YR                                                          | CUSIP: 01F052631<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8500000 | PA      | $8636278.72   | 0.99%             | 2056-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8152                                                          | CUSIP: 3132DWBV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4406177 | PA      | $4007671.17   | 0.46%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                                                                      | TWD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-537.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                    | AVGO 3.137 11/15/35 144A                                           | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    205000 | PA      | $179081.47    | 0.02%             | 2035-11-15      | Fixed         | 3.14%                 | Yes           |                  2 | On Loan: No      |
| Ticp Clo Xi Ltd / Ticp Clo Xi Llc                                                               | TICP 2018-11A AR                                                   | CUSIP: 87249QAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002134.60   | 0.11%             | 2037-04-27      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| SANTANDER MORTGAGE ASSET RECEIVABLE TRUST 2026-NQM1                                             | SAN 2026-NQM1 A1                                                   | CUSIP: 802931AC9<br>LEI: 254900O64LWPVM9P8N80 | Long             | ABS-O            | CORP              | US        |    690536 | PA      | $692290.22    | 0.08%             | 2065-11-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA7136                                                          | CUSIP: 36179V4V9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    558879 | PA      | $493853.51    | 0.06%             | 2051-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA8879                                                          | CUSIP: 36179X2L9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1336668 | PA      | $1367170.22   | 0.16%             | 2053-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2026-1                                                               | VERUS 2026-1 A1                                                    | CUSIP: 92541JAF8<br>LEI: 2138009KJR7Q44BI8668 | Long             | ABS-O            | CORP              | US        |    695066 | PA      | $698510.65    | 0.08%             | 2071-01-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MTG TR 2025-3BP                                                                  | NYC 2025-3BP C                                                     | CUSIP: 67120UAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280000 | PA      | $280350.00    | 0.03%             | 2042-02-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| GFL Environmental Inc.                                                                          | GFLCN 6.75 01/15/31 144A                                           | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $26183.00     | 0.00%             | 2031-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Petrobras Global Finance B.V.                                                                   | PETBRA 5.375 10/01/29 .                                            | CUSIP: 000000000<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    160000 | PA      | $216324.78    | 0.02%             | 2029-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                  | WES 4.5 03/01/28                                                   | CUSIP: 958254AH7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    248000 | PA      | $249870.11    | 0.03%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | COP CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |   -525000 | NC      | $-10360.06    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp                                                                            | LVS 5.625 06/15/28                                                 | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    920000 | PA      | $942295.97    | 0.11%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                                    | BHCCN 7 01/15/28 144A                                              | CUSIP: 071734AD9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $22609.38     | 0.00%             | 2028-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Piedmont Natural Gas Company, Inc.                                                              | DUK 5.05 05/15/52                                                  | CUSIP: 720186AP0<br>LEI: VXB4M3BDPKF3I2AZ3G89 | Long             | DBT              | CORP              | US        |     75000 | PA      | $68433.13     | 0.01%             | 2052-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                    | PEMEX 10 02/07/33                                                  | CUSIP: 71654QDP4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    760000 | PA      | $890306.41    | 0.10%             | 2033-02-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANKS                                                                         | FR SD8092                                                          | CUSIP: 3132DV7D1<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |    202968 | PA      | $184138.13    | 0.02%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANK 2021-BNK38                                                                                 | BANK 2021-BN38 A4                                                  | CUSIP: 06540EAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $224019.00    | 0.03%             | 2064-12-17      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2025-CES2                                                            | JPMMT 2025-CES2 A1                                                 | CUSIP: 46595TAC4<br>LEI: 529900TE3BWT8J4WHE11 | Long             | ABS-O            | CORP              | US        |    701891 | PA      | $708942.06    | 0.08%             | 2055-06-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2023-HE                                                              | JPMMT 2023-HE2 A1                                                  | CUSIP: 46657FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     43881 | PA      | $44030.05     | 0.01%             | 2054-03-20      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                       | GS V5.207 01/28/31 -                                               | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1553330.05   | 0.18%             | 2031-01-28      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                              | BX 2025-SPOT C                                                     | CUSIP: 12433FAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    349057 | PA      | $349820.77    | 0.04%             | 2040-04-16      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | PHP/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-12693.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Berry Global Inc                                                                                | AMCR 5.8 06/15/31                                                  | CUSIP: 08576BAB8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213059.13    | 0.02%             | 2031-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                                  | INTNED V4.858 03/25/29                                             | CUSIP: 456837BQ5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    495000 | PA      | $503271.30    | 0.06%             | 2029-03-25      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust 2013-A                                                   | SDART 2025-3 D                                                     | CUSIP: 80288JAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1119912.20   | 0.13%             | 2031-09-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                                  | MS V4.213 02/08/30 .                                               | CUSIP: 61776NU43<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    515000 | PA      | $517454.76    | 0.06%             | 2030-02-08      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA7769                                                          | CUSIP: 36179WT24<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1416310 | PA      | $1342500.03   | 0.15%             | 2051-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                      | BA 5.93 05/01/60                                                   | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    840000 | PA      | $843244.05    | 0.10%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc                                                                              | CVECN 5.4 06/15/47                                                 | CUSIP: 15135UAR0<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    760000 | PA      | $711755.20    | 0.08%             | 2047-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 05/15/43                                                       | CUSIP: 912834MM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4465000 | PA      | $1976981.64   | 0.23%             | 2043-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8195                                                          | CUSIP: 3132DWC84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    364817 | PA      | $330743.26    | 0.04%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                               | WFC V5.707 04/22/28 MTN                                            | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    740000 | PA      | $753588.43    | 0.09%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | USD/INR FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $5653.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BRES COMMERCIAL MORTGAGE TRUST 2025-ATCAP                                                       | BRES 2025-ATCAP A                                                  | CUSIP: 05619GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2600000 | PA      | $2608205.86   | 0.30%             | 2042-11-17      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust 2025-NQM5                                             | SAN 2025-NQM5 A1                                                   | CUSIP: 80262CAA6<br>LEI: 254900FHBJ2YHHBOAU80 | Long             | ABS-O            | CORP              | US        |   1011154 | PA      | $1015277.21   | 0.12%             | 2065-08-25      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| Mexico City Airport Trust                                                                       | MEXCAT 5.5 07/31/47 144A                                           | CUSIP: 59284MAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    600000 | PA      | $524938.26    | 0.06%             | 2047-07-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2022-DNA3                                                         | STACR 2022-DNA3 M1B                                                | CUSIP: 35564KUX5<br>LEI: 5493000IS4M3TZMRB410 | Long             | ABS-O            | USGSE             | US        |    310000 | PA      | $316395.30    | 0.04%             | 2042-04-25      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4786                                                          | CUSIP: 31418EJ84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1026318 | PA      | $1047295.84   | 0.12%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                                 | EQT 7.5 06/01/30                                                   | CUSIP: 26884LBB4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     25000 | PA      | $27746.29     | 0.00%             | 2030-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                              | BX 2025-SPOT B                                                     | CUSIP: 12433FAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    267459 | PA      | $267877.33    | 0.03%             | 2040-04-16      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                                                            | SUMIBK V4.494 01/15/32                                             | CUSIP: 86562MED8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    275000 | PA      | $277200.99    | 0.03%             | 2032-01-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                              | EIX 3.45 02/01/52                                                  | CUSIP: 842400HN6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    780000 | PA      | $530201.15    | 0.06%             | 2052-02-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                                         | HYNMTR 5.3 03/19/27 144A                                           | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    290000 | PA      | $293963.20    | 0.03%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC                                                                | EUR/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-103239.04   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                                                 | BMCAUS 4.375 07/15/30 144A                                         | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    650000 | PA      | $627209.38    | 0.07%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AMN Healthcare Inc.                                                                             | AMN 4 04/15/29 144A                                                | CUSIP: 00175PAC7<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    125000 | PA      | $119549.10    | 0.01%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2025-Ces2                                                                   | RCKT 2025-CES2 A1A                                                 | CUSIP: 74942BAA9<br>LEI: 2549001985H26N17CK52 | Long             | ABS-O            | CORP              | US        |    447435 | PA      | $452612.20    | 0.05%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4258                                                          | CUSIP: 31418DWU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    370427 | PA      | $351670.51    | 0.04%             | 2051-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                | NRG 5.75 07/15/29 144A                                             | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400942.57    | 0.05%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CF MORTGAGE TR 2019-CF2                                                                         | CF 2019-CF2 A4                                                     | CUSIP: 12528YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124540 | PA      | $119150.96    | 0.01%             | 2052-11-18      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| Smithfield Foods Inc                                                                            | SFD 3 10/15/30 144A                                                | CUSIP: 832248BC1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    830000 | PA      | $773858.62    | 0.09%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                  | C V3.057 01/25/33                                                  | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1498525.55   | 0.17%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| UNITI SERVICES LLC                                                                              | WIN 8.25 10/01/31 144A                                             | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47322.76     | 0.01%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SV RNO Property Owner 1 LLC                                                                     | TRACTC 5.875 03/01/31 144A                                         | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    740000 | PA      | $743197.28    | 0.09%             | 2031-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                      | USD CALL VERSUS ZAR PUT                                            | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |   -740000 | NC      | $-1163.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC                                                                | INR/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $3254.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                                 | COOPR 2025-CES3 A1A                                                | CUSIP: 216926AA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    948730 | PA      | $950988.56    | 0.11%             | 2060-09-25      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4709                                                          | CUSIP: 31418EGT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1973263 | PA      | $1992580.33   | 0.23%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2025-CRM1                                                             | TPMT 2025-CRM1 A1                                                  | CUSIP: 891946AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    383576 | PA      | $387901.50    | 0.04%             | 2065-01-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA7135                                                          | CUSIP: 36179V4U1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    425969 | PA      | $360946.57    | 0.04%             | 2051-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA6930                                                          | CUSIP: 36179VVX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1107107 | PA      | $939081.15    | 0.11%             | 2050-10-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2-30YR-Multi                                                      | CUSIP: 21H052637<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3500000 | PA      | $3544664.97   | 0.41%             | 2056-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Relx Capital Inc.                                                                               | RELLN 4.75 05/20/32                                                | CUSIP: 74949LAE2<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30565.88     | 0.00%             | 2032-05-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Coronado Finance Pty Limited                                                                    | CRNAU 9.25 10/01/29 144A                                           | CUSIP: 21979LAB2<br>LEI: 549300NS5FS0W548RE27 | Long             | DBT              | CORP              | AU        |    150000 | PA      | $138937.50    | 0.02%             | 2029-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| St. Paul'S Clo X Dac                                                                            | SPAUL 10A AR                                                       | CUSIP: 000000000<br>LEI: 635400814HPIBD5YSW07 | Long             | ABS-O            | CORP              | IE        |    701935 | PA      | $827379.67    | 0.09%             | 2035-04-22      | Floating      | 2.83%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP (THE)                                                                        | HHH 6.125 03/01/34 144A                                            | CUSIP: 44267DAH0<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104764.01    | 0.01%             | 2034-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | USD/BRL FORWARD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $31779.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| The Scotts Miracle-Gro Company                                                                  | SMG 4.375 02/01/32                                                 | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71284.51     | 0.01%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                                                                     | ASUCOR 8.375 02/01/34 144A                                         | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    290000 | PA      | $288283.42    | 0.03%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8190                                                          | CUSIP: 3132DWC35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1317837 | PA      | $1195900.10   | 0.14%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maxim Crane Works Holdings Capital LLC                                                          | CLDCRN 11.5 09/01/28 144A                                          | CUSIP: 57779EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $185198.87    | 0.02%             | 2028-09-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                              | NWL 8.5 06/01/28 144A                                              | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73675.76     | 0.01%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Kronos Acquisition Holdings Inc                                                                 | KIKCN 10.75 06/30/32 144A                                          | CUSIP: 50106GAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $65625.00     | 0.01%             | 2032-06-30      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| 1261229 Bc Ltd.                                                                                 | BHCCN 10 04/15/32 144A                                             | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    307000 | PA      | $317361.25    | 0.04%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM1                                        | MSRM 2026-NQM1 A1                                                  | CUSIP: 61780XAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    495305 | PA      | $495861.36    | 0.06%             | 2070-12-25      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                                    | BHCCN 5 01/30/28 144A                                              | CUSIP: 071734AH0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $21812.50     | 0.00%             | 2028-01-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                                                            | SUMIBK V5.046 01/15/37                                             | CUSIP: 86562MEF3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    870000 | PA      | $880376.84    | 0.10%             | 2037-01-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                                                       | TWD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1243.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                       | SUN 6.625 08/15/32 144A                                            | CUSIP: 86765KAL3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67277.74     | 0.01%             | 2032-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Limited                                                                      | ESKOM 6.35 08/10/28 144a                                           | CUSIP: 29646AAC0<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    200000 | PA      | $206376.00    | 0.02%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                            | JPM V1.953 02/04/32                                                | CUSIP: 46647PBX3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $448391.58    | 0.05%             | 2032-02-04      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4238                                                          | CUSIP: 31418DV82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    418534 | PA      | $365635.83    | 0.04%             | 2051-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Brazil Minas SPE                                                                                | MINASG 5.333 02/15/28 REGS                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | KY        |     40000 | PA      | $40208.00     | 0.00%             | 2028-02-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP (THE)                                                                        | HHH 5.875 03/01/32 144A                                            | CUSIP: 44267DAG2<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104947.04    | 0.01%             | 2032-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COLT 2025-10 MORTGAGE LOAN TRUST                                                                | COLT 2025-10 A1                                                    | CUSIP: 12675XAA4<br>LEI: 213800STFGFKQEQSRE63 | Long             | ABS-O            | CORP              | US        |    861321 | PA      | $866090.08    | 0.10%             | 2070-10-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2023-R                                                             | FORDR 2023-1 C                                                     | CUSIP: 34535QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102574.28    | 0.01%             | 2035-08-15      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Lincoln National Corp.                                                                          | LNC 5.852 03/15/34                                                 | CUSIP: 534187BT5<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    320000 | PA      | $331139.27    | 0.04%             | 2034-03-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                                                    | ACRISU 8.25 02/01/29 144A                                          | CUSIP: 00489LAK9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250511.05    | 0.03%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | KRW/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $895.34       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASURION LLC                                                                                     | ASUCOR 8 12/31/32 144A                                             | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    165000 | PA      | $173589.58    | 0.02%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                               | WFC V5.574 07/25/29 MTN                                            | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    160000 | PA      | $165577.56    | 0.02%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                    | PEMEX 8.75 06/02/29                                                | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    740000 | PA      | $796151.20    | 0.09%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                    | PEMEX 6.7 02/16/32                                                 | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    958000 | PA      | $960778.20    | 0.11%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                                            | CHTR 2.8 04/01/31                                                  | CUSIP: 161175BU7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    240000 | PA      | $218188.35    | 0.03%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Mexico City Airport Trust                                                                       | MEXCAT 3.875 04/30/28 144A                                         | CUSIP: 59284MAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    440000 | PA      | $434448.65    | 0.05%             | 2028-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4512                                                          | CUSIP: 31418EAN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1425280 | PA      | $1243995.24   | 0.14%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| The Scotts Miracle-Gro Company                                                                  | SMG 4 04/01/31                                                     | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47294.97     | 0.01%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOODLEAP SUSTAINABLE HOME SOLUTIONS                                                             | GOOD 2024-1GS A                                                    | CUSIP: 38237BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    257049 | PA      | $253030.43    | 0.03%             | 2057-06-20      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2026-1Park                                                        | NYC 2026-1PARK C                                                   | CUSIP: 62979QAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $449296.88    | 0.05%             | 2043-02-17      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | FWD TREASURY BOND                                                  | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |   2270000 | NC      | $35384.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                           | BAC V5.744 02/12/36                                                | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    645000 | PA      | $673984.95    | 0.08%             | 2036-02-12      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA7938                                                          | CUSIP: 36179WZB7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1247243 | PA      | $1186033.85   | 0.14%             | 2052-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                                                                      | LIBMUT 4.569 02/01/29 144A                                         | CUSIP: 53079EBG8<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    165000 | PA      | $166276.68    | 0.02%             | 2029-02-01      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Novelis Corporation                                                                             | HNDLIN 6.375 08/15/33 144A                                         | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    295000 | PA      | $298029.38    | 0.03%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                  | MS V2.943 01/21/33                                                 | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    970000 | PA      | $893138.18    | 0.10%             | 2033-01-21      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP (THE)                                                                        | HHH 4.375 02/01/31 144A                                            | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47549.06     | 0.01%             | 2031-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                  | MS V2.699 01/22/31 GMTN                                            | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1394672.79   | 0.16%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                                                                         | ARGENT 0.75 07/09/30                                               | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    896927 | PA      | $759287.49    | 0.09%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                               | WFC V5.389 04/24/34                                                | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    125000 | PA      | $130201.58    | 0.01%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8259                                                          | CUSIP: 3132DWE82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2342304 | PA      | $2390179.29   | 0.27%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD/EUR FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-23722.69    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD4157                                                          | CUSIP: 3132E0TN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    167736 | PA      | $153892.31    | 0.02%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                                                                                | PSD 5.725 03/15/35                                                 | CUSIP: 745310AQ5<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    510000 | PA      | $527411.83    | 0.06%             | 2035-03-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                    | T 4.25 11/15/34                                                    | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $924750.00    | 0.11%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                  | C V6.625 PERP                                                      | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    295000 | PA      | $302637.65    | 0.03%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                              | NWL 6.625 05/15/32                                                 | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20001.36     | 0.00%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FR SD8146                                                          | CUSIP: 3132DWBP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2438369 | PA      | $2034106.35   | 0.23%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                                                  | WFCM 2017-C40 A3                                                   | CUSIP: 95000YAX3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $103754.71    | 0.01%             | 2050-10-17      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| (PIPA070) PGIM Core Government Money Market Fund                                                | (PIPA070) PGIM Core Government Money Market Fund                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  18063318 | NS      | $18063317.97  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP TRUST 2021-601L                                                                             | BXP 2021-601L A                                                    | CUSIP: 05607TAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $134097.42    | 0.02%             | 2044-01-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Var Energi ASA                                                                                  | VARNO 5 05/18/27 144A                                              | CUSIP: 92212WAA8<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $201815.72    | 0.02%             | 2027-05-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                                                     | CDS BARCLAYS PLC                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $3079.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Laboratory Corporation of America Holdings                                                      | LH 4.8 10/01/34                                                    | CUSIP: 50540RBB7<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    780000 | PA      | $780633.02    | 0.09%             | 2034-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                | PM 4.25 10/29/32                                                   | CUSIP: 718172DZ9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1286318.18   | 0.15%             | 2032-10-29      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                                    | BHCCN 5.25 01/30/30 144A                                           | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $17542.25     | 0.00%             | 2030-01-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                | NRG V10.25 PERP 144A                                               | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    700000 | PA      | $772120.14    | 0.09%             | N/A             | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 05/15/45                                                       | CUSIP: 912834KB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1175000 | PA      | $466000.07    | 0.05%             | 2045-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST 2024-WRHS                                                                            | BFLD 2024-WRHS A                                                   | CUSIP: 05555HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    278099 | PA      | $278186.03    | 0.03%             | 2039-07-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                  | WES 4.65 07/01/26                                                  | CUSIP: 958254AF1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149974.39    | 0.02%             | 2026-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Lithia Motors Incorporated                                                                      | LAD 3.875 06/01/29 144A                                            | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144981.72    | 0.02%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                               | WFC V6.303 10/23/29                                                | CUSIP: 95000U3G6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    685000 | PA      | $722569.16    | 0.08%             | 2029-10-23      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4236                                                          | CUSIP: 31418DV66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    757522 | PA      | $603180.23    | 0.07%             | 2051-01-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                                                     | CDS SIEMENS FINANCIERINGSMAATSCHAPPIJ                              | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $1168.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA-30YR                                                          | CUSIP: 01F050635<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2511213.60   | 0.29%             | 2056-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                            | CCL 4 08/01/28 144A                                                | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    100000 | PA      | $99282.48     | 0.01%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FNMA-30YR                                                          | CUSIP: 01F050643<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7250000 | PA      | $7275439.38   | 0.83%             | 2056-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM13 TRUST                                                                            | OBX 2025-NQM13 A1                                                  | CUSIP: 67121UAA4<br>LEI: 254900FPAGVH6E25VL74 | Long             | ABS-O            | CORP              | US        |   1129504 | PA      | $1141799.31   | 0.13%             | 2065-05-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| AGL CLO I LTD                                                                                   | AGL 2022-20A A1R                                                   | CUSIP: 00119CAN1<br>LEI: 5493005XHETQNZF9TM25 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1503007.50   | 0.17%             | 2037-10-20      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                         | UNH 4.5 04/15/33                                                   | CUSIP: 91324PEV0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64881.78     | 0.01%             | 2033-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GFL Environmental Holdings (US) Inc.                                                            | GFLCN 5.5 02/01/34 144A                                            | CUSIP: 36273TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $341054.00    | 0.04%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8189                                                          | CUSIP: 3132DWC27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3002156 | PA      | $2619376.87   | 0.30%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bravo Residential Funding Trust 2025-CES2                                                       | BRAVO 2025-CES2 A1                                                 | CUSIP: 10568RAA1<br>LEI: 254900H5A4PX072RRR06 | Long             | ABS-O            | CORP              | US        |    543334 | PA      | $545924.52    | 0.06%             | 2055-07-25      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                                                                   | GS Mortgage-Backed Securities Trust 2026-DSC1                      | CUSIP: 36276BAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $799826.40    | 0.09%             | 2066-05-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | BRL CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |   -519000 | NC      | $-8202.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                              | NWL 6.375 05/15/30                                                 | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50161.27     | 0.01%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                           | TRGP 6.5 03/30/34                                                  | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    565000 | PA      | $625555.30    | 0.07%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bausch Health Companies Inc.                                                                    | BHCCN 6.25 02/15/29 144A                                           | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $19812.50     | 0.00%             | 2029-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                                 | COOPR 2025-CES4 A1A                                                | CUSIP: 12636SAA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | CORP              | US        |    677968 | PA      | $682761.49    | 0.08%             | 2060-11-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 2.375 05/15/51                                                   | CUSIP: 912810SX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6110000 | PA      | $4011596.88   | 0.46%             | 2051-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4686                                                          | CUSIP: 31418EF47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    297615 | PA      | $300513.21    | 0.03%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                       | GS V4.223 05/01/29                                                 | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    735000 | PA      | $736832.39    | 0.08%             | 2029-05-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2025-FIX2                                                             | TPMT 2025-FIX2 A1                                                  | CUSIP: 89183RAA0<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-O            | CORP              | US        |    646422 | PA      | $653220.80    | 0.07%             | 2065-10-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Mexico City Airport Trust                                                                       | MEXCAT 4.25 10/31/26 144A                                          | CUSIP: 59284MAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    200000 | PA      | $199824.00    | 0.02%             | 2026-10-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4237                                                          | CUSIP: 31418DV74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3437880 | PA      | $2874708.42   | 0.33%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                                                                       | USD/PLN FORWARD                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-642.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                             | CGCMT 2019-GC43 A3                                                 | CUSIP: 17328HBC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    487050 | PA      | $461767.66    | 0.05%             | 2052-11-13      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Crown City CLO                                                                                  | Crown City CLO IV                                                  | CUSIP: 228233AL6<br>LEI: 549300AGQI0XSPNAK945 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002440.00   | 0.11%             | 2037-04-20      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO LP                                                                      | PENSKE 5.25 07/01/29 144A                                          | CUSIP: 709599CA0<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |    400000 | PA      | $412937.86    | 0.05%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Davita Inc                                                                                      | DVA 6.875 09/01/32 144A                                            | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77916.22     | 0.01%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PENN Entertainment Inc                                                                          | PENN 4.125 07/01/29 144A                                           | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $235873.06    | 0.03%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership Lp                                                       | INVH 2 08/15/31                                                    | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    270000 | PA      | $237915.97    | 0.03%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                   | F 4.271 01/09/27                                                   | CUSIP: 345397A45<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    930000 | PA      | $929790.75    | 0.11%             | 2027-01-09      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| Bellis Acquisition Co PLC                                                                       | ASSDLN 8 07/01/31 144A                                             | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $506084.80    | 0.06%             | 2031-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                            | GM 5 04/09/27                                                      | CUSIP: 37045XDW3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181850.99    | 0.02%             | 2027-04-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 08/15/43                                                       | CUSIP: 912834MT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    965000 | PA      | $421344.00    | 0.05%             | 2043-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | SWOP IRS EUR                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              | CORP              | US        |  -5015000 | OU      | $-6386.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                                          | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -13 | NC      | $-13832.52    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                                                                        | LW 4.125 01/31/30 144A                                             | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    800000 | PA      | $775443.69    | 0.09%             | 2030-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                                                           | RCL 5.5 04/01/28 144A                                              | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    100000 | PA      | $102161.20    | 0.01%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United Rentals (North America), Inc.                                                            | URI 3.75 01/15/32                                                  | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47218.50     | 0.01%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                             | FITB V4.337 04/25/33                                               | CUSIP: 316773DF4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    201000 | PA      | $198643.14    | 0.02%             | 2033-04-25      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-8                                                               | VERUS 2025-8 A1                                                    | CUSIP: 924930AC4<br>LEI: 213800K8E68XJS6Z1D09 | Long             | ABS-O            | CORP              | US        |    372399 | PA      | $373278.13    | 0.04%             | 2070-09-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| REGIONAL MGMT ISUNCE TR 2022-1                                                                  | RMIT 2022-1 A                                                      | CUSIP: 75907DAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       164 | PA      | $163.85       | 0.00%             | 2032-03-15      | Fixed         | 3.07%                 | Yes           |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                                   | UBSCM 2018-C8 A3                                                   | CUSIP: 90276VAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    486511 | PA      | $482342.63    | 0.06%             | 2051-02-17      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                                                                         | ARGENT 1 07/09/29                                                  | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   1605332 | PA      | $1416207.57   | 0.16%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                             | MEDIND 3.875 04/01/29 144A                                         | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    675000 | PA      | $663865.54    | 0.08%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Brinker International, Inc.                                                                     | EAT 8.25 07/15/30 144A                                             | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78988.32     | 0.01%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.                                                                   | CLP/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-79494.04    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Serbia (Republic Of)                                                                            | SERBIA 1.5 06/26/29 144A                                           | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    140000 | PA      | $155134.63    | 0.02%             | 2029-06-26      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Griffon Corp                                                                                    | GFF 5.75 03/01/28                                                  | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |     23000 | PA      | $22978.22     | 0.00%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GOODLEAP SUS TR 2023-4                                                                          | GOOD 2023-4C A                                                     | CUSIP: 38237YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    159466 | PA      | $159027.58    | 0.02%             | 2057-03-20      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                                                         | VW 4.85 09/11/30 144A                                              | CUSIP: 928668CX8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    685000 | PA      | $695752.10    | 0.08%             | 2030-09-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CFE Fibra E Banco Citi Mexico S A Institucion De Banca Multiple Grupo Financiero Citi           | FCFEMM 5.875 09/23/40 144A                                         | CUSIP: 125276AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    654502 | PA      | $652050.43    | 0.07%             | 2040-09-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Tikehau Clo XIII Designated Activity Co.                                                        | TIKEH 13A A                                                        | CUSIP: 000000000<br>LEI: 6354006QUI9OYIL7LT78 | Long             | ABS-O            | CORP              | IE        |   2250000 | PA      | $2658012.18   | 0.30%             | 2038-10-15      | Floating      | 3.21%                 | No            |                  2 | On Loan: No      |
| Lamb Weston Holdings Inc                                                                        | LW 4.375 01/31/32 144A                                             | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71638.83     | 0.01%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Organon & Co                                                                                    | OGN 5.125 04/30/31 144A                                            | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |    200000 | PA      | $177378.91    | 0.02%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust 2025-IND                                                          | BLP 2025-IND A                                                     | CUSIP: 05625BAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    633672 | PA      | $633432.83    | 0.07%             | 2042-03-17      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Clue Opco LLC                                                                                   | FWRD 9.5 10/15/31 144A                                             | CUSIP: 36267QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1628000 | PA      | $1688350.53   | 0.19%             | 2031-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS EUROPEAN INVESTMENT BANK                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-436.33      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                                          | FANG 5.4 04/18/34                                                  | CUSIP: 25278XAZ2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    230000 | PA      | $239186.69    | 0.03%             | 2034-04-18      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                                         | MPLX 5.4 09/15/35                                                  | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   2590000 | PA      | $2644090.80   | 0.30%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Elevation Clo 2021-12 Ltd.                                                                      | AWPT 2021-12A A1R                                                  | CUSIP: 28623MAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1503712.50   | 0.17%             | 2037-04-20      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| Wolverine World Wide, Inc.                                                                      | WWW 4 08/15/29 144A                                                | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47186.56     | 0.01%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                         | LVLT 7 03/31/34 144A                                               | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    340000 | PA      | $353398.04    | 0.04%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PRPM LLC 2024-RCF6                                                                              | PRPM 2024-RCF6 A1                                                  | CUSIP: 74390FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475091 | PA      | $471452.88    | 0.05%             | 2064-10-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                                       | TPMT 2024-CES2 A1A                                                 | CUSIP: 89182JAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50655 | PA      | $51088.53     | 0.01%             | 2064-02-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Ball Corporation                                                                                | BALL 6 06/15/29                                                    | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51540.93     | 0.01%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PMT CREDIT RISK TRANSFER TRUST                                                                  | PMT Credit Risk Transfer Trust 2024-1R                             | CUSIP: 73015AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    672284 | PA      | $678461.59    | 0.08%             | 2033-05-25      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                                       | TOYOTA 4.8 01/05/34 MTN                                            | CUSIP: 89236TLM5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    245000 | PA      | $250941.87    | 0.03%             | 2034-01-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS REPUBLIC OF FRANCE                                             | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $669.88       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-B40 MORTGAGE TRUST                                                               | BMARK 2023-B40 A2                                                  | CUSIP: 08163WAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    381736 | PA      | $403125.93    | 0.05%             | 2056-12-15      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MA7939                                                          | CUSIP: 36179WZC5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    103035 | PA      | $100009.85    | 0.01%             | 2052-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust 2025-PR1                                                            | LMAT 2025-PR1 A1                                                   | CUSIP: 52476AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1093144 | PA      | $1097777.89   | 0.13%             | 2061-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                                        | CE 6.85 11/15/28                                                   | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     78000 | PA      | $82051.70     | 0.01%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                                       | MARS 2.375 07/16/40 144A                                           | CUSIP: 571676AN5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $849033.42    | 0.10%             | 2040-07-16      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Capstone Copper Corp                                                                            | CAPCOP 6.75 03/31/33 144A                                          | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $77410.31     | 0.01%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                                                                      | BAX 5.65 12/15/35                                                  | CUSIP: 071813DE6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177985.09    | 0.02%             | 2035-12-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2025-VIS3                                                            | JPMMT 2025-VIS3 A1                                                 | CUSIP: 46594EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    778618 | PA      | $782725.03    | 0.09%             | 2066-02-25      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                    | T 4.5 12/31/31                                                     | CUSIP: 91282CMC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2275000 | PA      | $2380218.75   | 0.27%             | 2031-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                                    | MLTPLN 5.75 12/31/30 144A                                          | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    350000 | PA      | $257159.88    | 0.03%             | 2030-12-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | CDS TOTAL ENERGIES SE                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2473.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MARYLAND ST ECONOMIC DEV CORP                                                                   | MD MDSDEV 5.43 05/31/2056                                          | CUSIP: 574205JJ0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    305000 | PA      | $305817.88    | 0.04%             | 2056-05-31      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                                         | BPCEGP V2.277 01/20/32 144A                                        | CUSIP: 05583JAJ1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $224615.80    | 0.03%             | 2032-01-20      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc                                                                              | CVECN 3.75 02/15/52                                                | CUSIP: 15135UAX7<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $72657.12     | 0.01%             | 2052-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PMT CREDIT RISK TRANSFER TRUST 2024-2R                                                          | PMTCR 2024-2R A                                                    | CUSIP: 69391NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    340421 | PA      | $343241.51    | 0.04%             | 2027-03-29      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| CSAIL 2017-Cx10 Commercial Mortgage Trust                                                       | CSAIL 2018-CX11 A4                                                 | CUSIP: 12652UAT6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    162197 | PA      | $161284.96    | 0.02%             | 2051-04-17      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                         | LVLT 6.875 06/30/33 144A                                           | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    160000 | PA      | $165691.06    | 0.02%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                                            | CHTR 6.65 02/01/34                                                 | CUSIP: 161175CP7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1370763.62   | 0.16%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SI2105                                                          | CUSIP: 3133USKS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    925971 | PA      | $805198.69    | 0.09%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FN CB1162                                                          | CUSIP: 3140QLJG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    436607 | PA      | $414502.71    | 0.05%             | 2051-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                           | TRGP 4.2 02/01/33                                                  | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38863.92     | 0.00%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                                                      | TRY/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-2358.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Phinia Inc.                                                                                     | PHIN 6.75 04/15/29 144A                                            | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41383.99     | 0.00%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Var Energi ASA                                                                                  | VARNO 6.5 05/22/35 144A                                            | CUSIP: 92212WAG5<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1170000 | PA      | $1261685.65   | 0.14%             | 2035-05-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Transcontinental Gas Pipe Line Company, LLC                                                     | WMB 5.1 03/15/36 144A                                              | CUSIP: 893574AS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $229074.63    | 0.03%             | 2036-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK30                                                                                 | BANK 2020-BN30 A3                                                  | CUSIP: 06541UBR6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1950000 | PA      | $1772636.19   | 0.20%             | 2053-12-17      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                                                              | VICI 4.75 02/15/28                                                 | CUSIP: 925650AB9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60565.18     | 0.01%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                       | IVYCST 4.875 01/30/32 REGS                                         | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    276000 | PA      | $318392.52    | 0.04%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                              | ET 5 05/15/50                                                      | CUSIP: 29278NAR4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    220000 | PA      | $188033.13    | 0.02%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onemain Direct Auto Receivables Tst                                                             | ODART 2023-1A C                                                    | CUSIP: 682685AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102794.38    | 0.01%             | 2031-02-14      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                   | F 4.125 08/17/27                                                   | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199265.53    | 0.02%             | 2027-08-17      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Novelis Corporation                                                                             | HNDLIN 4.75 01/30/30 144A                                          | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72682.69     | 0.01%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                                                           | USD/INR FORWARD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-10989.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                               | WFC V5.211 12/03/35                                                | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1302768.85   | 0.15%             | 2035-12-03      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                           | ROMANI 5.75 09/16/30 144A                                          | CUSIP: 77586RAY6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    530000 | PA      | $550304.30    | 0.06%             | 2030-09-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Black Pearl Compute LLC                                                                         | BLKPRL 6.125 02/15/31 144A                                         | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $92157.11     | 0.01%             | 2031-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC                                                            | CPGX 6.036 11/15/33 144A                                           | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $725753.58    | 0.08%             | 2033-11-15      | Fixed         | 6.04%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                | FR SD8122                                                          | CUSIP: 3132DWAX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1310988 | PA      | $1145958.74   | 0.13%             | 2051-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SG RESIDENTIAL MORTGAGE TRUST 2025-1                                                            | SGR 2025-1 A1                                                      | CUSIP: 81880NAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    895211 | PA      | $902159.11    | 0.10%             | 2065-12-26      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                        | VST 6.875 04/15/32 144A                                            | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73587.99     | 0.01%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                        | G2 MB0308                                                          | CUSIP: 3618N5KW8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    345343 | PA      | $350076.65    | 0.04%             | 2055-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM10 TRUST                                                                            | OBX 2025-NQM10 A1                                                  | CUSIP: 67121LAA4<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-O            | CORP              | US        |    325539 | PA      | $328866.83    | 0.04%             | 2065-05-25      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-INV3                                                                                  | EFMT 2025-INV3 A1                                                  | CUSIP: 26847NAA9<br>LEI: 254900C1B6ZW3SK54M36 | Long             | ABS-O            | CORP              | US        |    569894 | PA      | $576652.93    | 0.07%             | 2070-07-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | INR/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1300.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AECOM                                                                                           | ACM 6 08/01/33 144A                                                | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25533.94     | 0.00%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HOMES 2026-AFC1 TRUST                                                                           | HOMES 2026-AFC1 A1                                                 | CUSIP: 403972AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $999949.40    | 0.11%             | 2061-02-01      | None          | 4.85%                 | No            |                  2 | On Loan: No      |
| Onemain Direct Auto Receivables Tst                                                             | ODART 2023-1A B                                                    | CUSIP: 682685AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $205228.34    | 0.02%             | 2031-02-14      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| KRE COMMERCIAL MORTGAGE TRUST 2025-                                                             | KRE 2025-AIP4 B                                                    | CUSIP: 50077KAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    934375 | PA      | $932041.96    | 0.11%             | 2042-03-17      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Regatta VIII Funding Ltd                                                                        | Regatta VIII Funding Ltd                                           | CUSIP: 75888KAL8<br>LEI: 2549002R0TTC87W9EH67 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1503363.15   | 0.17%             | 2037-04-17      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                    | T 3.875 08/15/33                                                   | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11290000 | PA      | $11371146.88  | 1.30%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ELMWOOD CLO 40 LTD                                                                              | ELM40 2025-3A A                                                    | CUSIP: 29004FAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2252110.50   | 0.26%             | 2038-03-22      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| GCAT 2026-NQM1 TRUST                                                                            | GCAT 2026-NQM1 A1                                                  | CUSIP: 36274BAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000769.20   | 0.11%             | 2070-12-25      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES1                                                                   | RCKT 2025-CES1 A1A                                                 | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    291032 | PA      | $294516.36    | 0.03%             | 2045-01-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                  | MS V5.449 07/20/29                                                 | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97958.96     | 0.01%             | 2029-07-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                                     | SWOP IRS USD                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |  -6645000 | OU      | $-6053.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KeyCorp                                                                                         | KEY 2.55 10/01/29 MTN                                              | CUSIP: 49326EEJ8<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    450000 | PA      | $427255.93    | 0.05%             | 2029-10-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| LHOME MTG TR 2025-RTL1                                                                          | LHOME 2025-RTL1 A1                                                 | CUSIP: 50205UAA9<br>LEI: 5299002NGIWITLMXOH85 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $504049.50    | 0.06%             | 2040-01-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                             | FITB V6.339 07/27/29                                               | CUSIP: 316773DK3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    270000 | PA      | $283915.79    | 0.03%             | 2029-07-27      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| PPL Electric Utilities Corporation                                                              | PPL 4.85 02/15/34                                                  | CUSIP: 69351UBC6<br>LEI: 549300GCZLSGYEYPIR35 | Long             | DBT              | CORP              | US        |    185000 | PA      | $189224.93    | 0.02%             | 2034-02-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Imperial Brands Finance Plc                                                                     | IMBLN 5.875 07/01/34 144A                                          | CUSIP: 45262BAH6<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    520000 | PA      | $549932.81    | 0.06%             | 2034-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KENNEDY LEWIS CLO 2 LTD                                                                         | KLLM 2A AR2                                                        | CUSIP: 370910AC5<br>LEI: 5493009C48K5WG4EX118 | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1753688.83   | 0.20%             | 2037-10-22      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                    | AVGO 4.9 07/15/32                                                  | CUSIP: 11135FCL3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    985000 | PA      | $1014176.56   | 0.12%             | 2032-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance B V                                                                 | BRASKM 8.5 01/12/31 144A                                           | CUSIP: 10554TAH8<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    820000 | PA      | $348008.00    | 0.04%             | 2031-01-12      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4356                                                          | CUSIP: 31418DZW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3010286 | PA      | $2631166.90   | 0.30%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                                                                | PCG V7.375 03/15/55                                                | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51760.82     | 0.01%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                                                     | CDS BARCLAYS PLC                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $2229.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARES TRUST 2025-IND3                                                                            | ARES1 2025-IND3 A                                                  | CUSIP: 039955AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    410000 | PA      | $410256.05    | 0.05%             | 2042-04-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                           | BAC V2.651 03/11/32 N                                              | CUSIP: 06051GJP5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1039053.74   | 0.12%             | 2032-03-11      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                                    | MAR 5.5 04/15/37                                                   | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    375000 | PA      | $387318.99    | 0.04%             | 2037-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRET 2024-RPL2 TRUST                                                                            | PRET 2024-RPL2 A1                                                  | CUSIP: 69392CAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    257938 | PA      | $249742.35    | 0.03%             | 2064-06-25      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM20 TRUST                                                                            | OBX 2025-NQM20 A1                                                  | CUSIP: 67126GAC6<br>LEI: 254900Y8CC35WOVR8295 | Long             | ABS-O            | CORP              | US        |    561983 | PA      | $565485.43    | 0.06%             | 2065-10-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                           | RGCARE 5.375 01/15/29 144A                                         | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195603.81    | 0.02%             | 2029-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| EFMT 2024-CES1                                                                                  | EFMT 2024-CES1 A1                                                  | CUSIP: 281907AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    473100 | PA      | $477263.48    | 0.05%             | 2060-01-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                                    | NY NYC 5.11 10/01/2054                                             | CUSIP: 64966SHN9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    195000 | PA      | $188977.71    | 0.02%             | 2054-10-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| ATLAS SENIOR LOAN FUND XXIII LTD                                                                | ATCLO 2024-23A B                                                   | CUSIP: 04942HAE5<br>LEI: 213800M7WM9TKCR3TF76 | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1506540.30   | 0.17%             | 2037-07-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 1.875 11/15/51                                                   | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7425000 | PA      | $4285617.19   | 0.49%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                                                       | USD/CNH FORWARD                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-11074.21    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                       | USD CALL VERSUS TRY PUT                                            | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |    525000 | NC      | $419.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Utah Acquisition Sub Inc                                                                        | VTRS 3.95 06/15/26                                                 | CUSIP: 62854AAN4<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |    278000 | PA      | $277531.84    | 0.03%             | 2026-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2026-R1                                                              | VERUS 2026-R1 A1                                                   | CUSIP: 924932AC0<br>LEI: 213800IRNLDELLG4XV07 | Long             | ABS-O            | CORP              | US        |    694743 | PA      | $698462.96    | 0.08%             | 2067-10-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4737                                                          | CUSIP: 31418EHP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    848747 | PA      | $857012.15    | 0.10%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                                    | NY NYC 5.09 10/01/2049                                             | CUSIP: 64966SHM1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    130000 | PA      | $127258.91    | 0.01%             | 2049-10-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                           | FN FS1171                                                          | CUSIP: 3140XGJR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    736353 | PA      | $672326.14    | 0.08%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fortune Brands Innovations Inc                                                                  | FBINUS 3.25 09/15/29                                               | CUSIP: 34964CAE6<br>LEI: 54930032LHW54PQUJD44 | Long             | DBT              | CORP              | US        |    175000 | PA      | $169522.34    | 0.02%             | 2029-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                         | LVLT 8.5 01/15/36 144A                                             | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    260000 | PA      | $270671.06    | 0.03%             | 2036-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                    | PEMEX 6.5 01/23/29                                                 | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    100000 | PA      | $102200.00    | 0.01%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                                                         | VW 5.65 03/25/32 144A                                              | CUSIP: 928668CR1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    300000 | PA      | $313641.81    | 0.04%             | 2032-03-25      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Ball Corporation                                                                                | BALL 2.875 08/15/30                                                | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    300000 | PA      | $279034.48    | 0.03%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                                          | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       308 | NC      | $254034.78    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                                                                      | CVNA 9 06/01/31 144A                                               | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1049500 | PA      | $1150378.81   | 0.13%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Cantor Fitzgerald LP                                                                            | CANTOR 7.2 12/12/28 144A                                           | CUSIP: 138616AM9<br>LEI: 549300RLUEEVQEMX0450 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53096.09     | 0.01%             | 2028-12-12      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| OCTAGON 68 LTD                                                                                  | OCT68 2023-1A A1R                                                  | CUSIP: 675949AQ4<br>LEI: 5493009LQ0GMI27K0355 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3008565.00   | 0.34%             | 2038-10-20      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                           | BAC V6.25 PERP                                                     | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    455000 | PA      | $467338.02    | 0.05%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                     | VZ 5.401 07/02/37                                                  | CUSIP: 92343VHC1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    223000 | PA      | $229022.75    | 0.03%             | 2037-07-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                              | META 4.6 11/15/32                                                  | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127087.65    | 0.01%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Carvana Co                                                                                      | CVNA 9 06/01/30 144A                                               | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    325000 | PA      | $338462.93    | 0.04%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Five Point Operating Company LP Five Point Capital Corp                                         | FPH 8 10/01/30 144A                                                | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67257.01     | 0.01%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Huntington Ingalls Industries, Inc.                                                             | HII 2.043 08/16/28                                                 | CUSIP: 446413AZ9<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $954154.92    | 0.11%             | 2028-08-16      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                                                        | JBS 6.25 03/01/56                                                  | CUSIP: 472140AH5<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |     98000 | PA      | $100167.73    | 0.01%             | 2056-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | CDS REPUBLIC OF PANAMA                                             | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |         1 | NC      | $644.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Voya Euro CLO                                                                                   | Voya Euro CLO III DAC                                              | CUSIP: 000000000<br>LEI: 635400K38PBPFZARQW28 | Long             | ABS-CBDO         | CORP              | IE        |   4250000 | PA      | $5021800.00   | 0.58%             | 2038-03-16      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                     | FMCN 7.25 02/15/34 144A                                            | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    725000 | PA      | $758583.23    | 0.09%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                  | WES 6.35 01/15/29                                                  | CUSIP: 958667AF4<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    135000 | PA      | $142609.27    | 0.02%             | 2029-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                        | VST 5 07/31/27 144A                                                | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    425000 | PA      | $424997.20    | 0.05%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                                             | CEG 5 02/01/31 144A                                                | CUSIP: 210385AJ9<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177665.53    | 0.02%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                                                  | NY NYCMFH 5.46 12/15/2031                                          | CUSIP: 64966TGS7<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1758654.62   | 0.20%             | 2031-12-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Star Leasing Co LLC                                                                             | TRAILR 7.625 02/15/30 144A                                         | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |    640000 | PA      | $608276.03    | 0.07%             | 2030-02-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                    | T 1.875 02/15/32                                                   | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4355000 | PA      | $3946038.28   | 0.45%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| PMT CREDIT RISK TRANSFER TRUST                                                                  | PMT Credit Risk Transfer Trust 2024-3R                             | CUSIP: 69392AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    424982 | PA      | $429611.39    | 0.05%             | 2028-09-27      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| DURST COMMERCIAL MORTGAGE TRUST 202                                                             | DURST 2025-151 A                                                   | CUSIP: 266895AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1543528.80   | 0.18%             | 2042-08-12      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                                         | USD/BRL FORWARD                                                    | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $8362.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MPLX LP                                                                                         | MPLX 5.5 06/01/34                                                  | CUSIP: 55336VBX7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    460000 | PA      | $476721.30    | 0.05%             | 2034-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2025-DNA1                                                         | STACR 2025-DNA1 M2                                                 | CUSIP: 35564NGA5<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-O            | USGSE             | US        |    600000 | PA      | $600368.70    | 0.07%             | 2045-01-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                                       | TPMT 2024-CES1 A1A                                                 | CUSIP: 89183CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     53389 | PA      | $53690.64     | 0.01%             | 2064-01-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                  | C V6.875 PERP GG                                                   | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1308806.19   | 0.15%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Mexico City Airport Trust                                                                       | MEXCAT 5.5 07/31/47 REGS                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    200000 | PA      | $174979.42    | 0.02%             | 2047-07-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                               | BMARK 2018-B7 A3                                                   | CUSIP: 08162TBA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    590000 | PA      | $590674.67    | 0.07%             | 2053-05-16      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 4 11/15/42                                                       | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11765000 | PA      | $11099542.19  | 1.27%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Shea Homes Limited Partnership                                                                  | SHEAHM 4.75 04/01/29                                               | CUSIP: 82088KAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $49433.77     | 0.01%             | 2029-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Private Bank National Association                                                | MS V4.734 07/18/31                                                 | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1180826.45   | 0.14%             | 2031-07-18      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                     | FMCN 6.375 02/15/36 144A                                           | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $200643.14    | 0.02%             | 2036-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS REPUBLIC OF PANAMA                                             | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $4607.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                                                            | NCLH 6.25 03/01/30 144A                                            | CUSIP: 62886HBP5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    320000 | PA      | $327894.40    | 0.04%             | 2030-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                                                    | MPW 8.5 02/15/32 144a                                              | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26760.37     | 0.00%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                        | T 5.85 04/30/46                                                    | CUSIP: 00206RNJ7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2289917.24   | 0.26%             | 2046-04-30      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4280                                                          | CUSIP: 31418DXJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1225435 | PA      | $975373.01    | 0.11%             | 2051-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                    | AVGO 4.35 02/15/30                                                 | CUSIP: 11135FCB5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151847.81    | 0.02%             | 2030-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc.                                                                                 | BBDBCN 6 02/15/28 144A                                             | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     84000 | PA      | $83926.08     | 0.01%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                                | PCG 4.95 07/01/50                                                  | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    665000 | PA      | $573971.32    | 0.07%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                           | BAC V2.299 07/21/32                                                | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    705000 | PA      | $635423.99    | 0.07%             | 2032-07-21      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 4 11/15/52                                                       | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5385000 | PA      | $4838927.34   | 0.55%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO 2016-1 LLC                                                                        | WELF 2022-1A A1RN                                                  | CUSIP: 94950TAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | NUSS              | KY        |   2000000 | PA      | $2002462.00   | 0.23%             | 2037-07-15      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association                                                           | SGD/USD FORWARD                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $7775.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PVH Corp.                                                                                       | PVH 5.5 06/13/30                                                   | CUSIP: 693656AE0<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | DBT              | CORP              | US        |    135000 | PA      | $138573.68    | 0.02%             | 2030-06-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 3 11/15/44                                                       | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5330000 | PA      | $4267331.25   | 0.49%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES 2024-SFR1 TRUST                                                                | IHSFR 2024-SFR1 C                                                  | CUSIP: 46188DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $492378.60    | 0.06%             | 2041-09-19      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Midwest Gaming Borrower LLC                                                                     | MWGAME 4.875 05/01/29 144A                                         | CUSIP: 59833DAB6<br>LEI: 5493005826VXDUREHL94 | Long             | DBT              | CORP              | US        |    525000 | PA      | $516019.05    | 0.06%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| OBX 2025-HE1 TR                                                                                 | OBX 2025-HE1 A1                                                    | CUSIP: 67121CAA4<br>LEI: 2549002GJHC7CO92J583 | Long             | ABS-O            | CORP              | US        |    638950 | PA      | $642054.00    | 0.07%             | 2055-02-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                               | BMARK 2020-B17 A4                                                  | CUSIP: 08162MAW8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2773524.90   | 0.32%             | 2053-03-17      | Variable      | 2.04%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 11/15/43                                                       | CUSIP: 912834MZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7480000 | PA      | $3219785.26   | 0.37%             | 2043-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Security Stripped Interest Security                                               | S 0 11/15/41                                                       | CUSIP: 912834KV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2305000 | PA      | $1113219.75   | 0.13%             | 2041-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| B.A.T. International Finance PLC                                                                | BATSLN 4.448 03/16/28                                              | CUSIP: 05530QAP5<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    120000 | PA      | $121104.34    | 0.01%             | 2028-03-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC                                                                      | FRTITA 4.625 01/15/29 144A                                         | CUSIP: 31556TAA7<br>LEI: 984500A0805D8V551D35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48519.00     | 0.01%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                                               | CDS KINGDOM OF SPAIN                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $2650.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS NET LLC                                                                          | DIAMOND SPORTS NET LLC                                             | CUSIP: 25277EAB8<br>LEI: 549300MPO5H6LGX4RJ82 | Long             | LON              | CORP              | US        |      7539 | PA      | $1130.92      | 0.00%             | 2028-01-03      | Floating      | 10.32%                | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP                                                                                  | GLPI 3.25 01/15/32                                                 | CUSIP: 361841AR0<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |     55000 | PA      | $50212.67     | 0.01%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                        | VST 4.375 05/01/29 144A                                            | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49467.02     | 0.01%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FN MA4209                                                          | CUSIP: 31418DVB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1268169 | PA      | $1010183.32   | 0.12%             | 2050-12-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc.                                                                          | QNTELE 5.75 08/15/32 144A                                          | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56274.65     | 0.01%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO LP                                                                      | PENSKE 5.75 05/24/26 144A                                          | CUSIP: 709599BU7<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300688.40    | 0.03%             | 2026-05-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| B.A.T. International Finance PLC                                                                | BATSLN 5.931 02/02/29                                              | CUSIP: 05530QAQ3<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |     25000 | PA      | $26298.09     | 0.00%             | 2029-02-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                                                   | WMB 5.4 03/02/26                                                   | CUSIP: 969457CH1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95000.00     | 0.01%             | 2026-03-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNERS LP                                                                    | SPH 5 06/01/31 144A                                                | CUSIP: 864486AL9<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48147.43     | 0.01%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts, L.P.                                                                     | HST 3.375 12/15/29 H                                               | CUSIP: 44107TAY2<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    800000 | PA      | $774965.75    | 0.09%             | 2029-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD/KRW FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $646.80       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                           | FR SD8135                                                          | CUSIP: 3132DWBC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    476512 | PA      | $417194.31    | 0.05%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                                                 | PR 8 04/15/27 144A                                                 | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75461.87     | 0.01%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Ferguson Enterprises Inc                                                                        | FERG 5 10/03/34                                                    | CUSIP: 31488VAA5<br>LEI: 2138003JYQMRP3SLX189 | Long             | DBT              | CORP              | US        |    260000 | PA      | $264026.24    | 0.03%             | 2034-10-03      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MSWF COML MTG TR 2023-1                                                                         | MSWF 2023-1 A2                                                     | CUSIP: 55376CAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $521111.55    | 0.06%             | 2056-05-17      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                                                                     | VST V8 PERP 144A                                                   | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    385000 | PA      | $391790.08    | 0.04%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Pilgrims Pride Corporation                                                                      | PPC 3.5 03/01/32                                                   | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46656.19     | 0.01%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CLUE OPCO LLC                                                                                   | CLUE OPCO LLC                                                      | CUSIP: 18948EAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    214000 | PA      | $212476.32    | 0.02%             | 2030-12-19      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp.                                                                                 | WHR 6.125 06/15/30                                                 | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    235000 | PA      | $235739.18    | 0.03%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Cross 2025-H8 Mortgage Trust                                                                    | CROSS 2025-H8 A1                                                   | CUSIP: 22757XAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    760964 | PA      | $764339.45    | 0.09%             | 2070-11-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Avoca CLO XXIX DAC                                                                              | AVOCA 29A BR                                                       | CUSIP: 000000000<br>LEI: 549300EKPKIYEW0BB327 | Long             | ABS-O            | CORP              | IE        |   3650000 | PA      | $4331764.31   | 0.50%             | 2038-10-15      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                  | COP CALL VERSUS USD PUT                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |    526000 | NC      | $14.47        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vistra Corp                                                                                     | VST V8.875 PERP C                                                  | CUSIP: 92840MAD4<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    975000 | PA      | $1074711.91   | 0.12%             | N/A             | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                                                                     | UNSEAM 6.875 06/15/30 144A                                         | CUSIP: 019576AF4<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    325000 | PA      | $338410.53    | 0.04%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                                                                   | STWD 5.25 10/15/28 144A                                            | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    365000 | PA      | $366244.46    | 0.04%             | 2028-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                                                                | AN 2.4 08/01/31                                                    | CUSIP: 05329WAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3115000 | PA      | $2800539.98   | 0.32%             | 2031-08-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc.                                                                          | QNTELE 6.25 08/15/33 144A                                          | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31169.92     | 0.00%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                                                                     | VST V7 PERP 144A                                                   | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177360.88    | 0.02%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Kinbane 2024-RPL 2 Designated Activity Co.                                                      | KINBN 2024-RPL2A A                                                 | CUSIP: 000000000<br>LEI: 635400B9FSRJAFAZIY56 | Long             | ABS-O            | CORP              | IE        |    159888 | PA      | $189528.55    | 0.02%             | 2063-01-24      | Floating      | 3.04%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                                                                     | N/A                                                                | CUSIP: 88037HAN4<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |    241500 | PA      | $237324.62    | 0.03%             | 2028-11-17      | Floating      | 8.52%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                                      | BATSLN 5.834 02/20/31                                              | CUSIP: 05526DBY0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    630000 | PA      | $673028.56    | 0.08%             | 2031-02-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                               | EPD 5.55 02/16/55                                                  | CUSIP: 29379VCH4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    267000 | PA      | $264021.73    | 0.03%             | 2055-02-16      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                        | USD/MXN FORWARD                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-79251.54    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Washington University                                                                           | WAUNIV 4.349 04/15/22                                              | CUSIP: 940663AD9<br>LEI: 2V765680J33YAZOYW441 | Long             | DBT              | CORP              | US        |     80000 | PA      | $62911.28     | 0.01%             | 2122-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                               | HRI 7.25 06/15/33 144A                                             | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52773.10     | 0.01%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                                    | BACR V5.86 08/11/46                                                | CUSIP: 06738EDE2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    255000 | PA      | $262245.85    | 0.03%             | 2046-08-11      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                           | SOCGEN V5.439 10/03/36 144A                                        | CUSIP: 83368RCK6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1370000 | PA      | $1386782.64   | 0.16%             | 2036-10-03      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                    | T 3.25 05/15/42                                                    | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2885000 | PA      | $2480198.44   | 0.28%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                                                                 | SOLV 5.4 03/01/29                                                  | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    504000 | PA      | $522799.15    | 0.06%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Voltagrid LLC                                                                                   | VOLTAG 7.375 11/01/30 144A                                         | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |    220000 | PA      | $229625.61    | 0.03%             | 2030-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANKS                                                                         | FR SD7551                                                          | CUSIP: 3132DVL86<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |    996825 | PA      | $916641.34    | 0.11%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STNLY RES MTG 2025-NQM2                                                                  | MSRM 2025-NQM2 A1                                                  | CUSIP: 617941AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    872948 | PA      | $881701.86    | 0.10%             | 2070-01-25      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| Davita Inc                                                                                      | DVA 4.625 06/01/30 144A                                            | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    750000 | PA      | $734134.11    | 0.08%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-23

**Name of Applicant:** PGIM ETF Trust

**Signature:** Christian J. Kelly

**Name of Signer:** Christian J. Kelly

**Title:** Chief Financial Officer