# EDGAR Filing Document

**Accession Number:** 0000277751
**File Stem:** 0000277751-26-000156
**Filing Date:** 2026-5
**Character Count:** 193890
**Document Hash:** 1b8ecebf7c946e96470a3c424f584151
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000277751-26-000156.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0000277751-26-000156

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JANUS INVESTMENT FUND
- **CENTRAL INDEX KEY:** 0000277751

**ORGANIZATION NAME:**
- **EIN:** 840592523
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01879
- **FILM NUMBER:** 261042085

**BUSINESS ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 303-333-3863

**MAIL ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JANUS FUND /MD/
- **DATE OF NAME CHANGE:** 19870701

## Series and Classes Contracts Data

### Janus Henderson Low Duration Multi-Sector Income Fund (Series ID: S000044287)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000137972 | Class A      | JUCAX           |
| C000137973 | Class C      | JUCCX           |
| C000137974 | Class D      | JUCDX           |
| C000137975 | Class I      | JUCIX           |
| C000137976 | Class N      | JUCNX           |
| C000137977 | Class S      | JUCSX           |
| C000137978 | Class T      | JUCTX           |
| C000151361 | Class R      | JUCRX           |

## Nport-Ex

**Janus Henderson Low Duration Multi-Sector Income Fund (Formerly Janus Henderson Absolute Return Income Opportunities Fund)**

**Schedule of Investments (unaudited)**

**March 31, 2026**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | *Shares or* <br>*Principal Amounts*<br>|  | *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – 35.2% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AB Bsl CLO 1 Ltd 2025-7A A1, CME Term SOFR 3 Month + 1.2300%, 4.9000%, <br> 1/17/39<sup>ž,</sup><sup>‡</sup> <br>| $250000 |  | &nbsp;&nbsp;&nbsp;&nbsp; $249827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegany Park CLO Ltd 2019-1A ARR, CME Term SOFR 3 Month + 1.1000%, <br> 4.7676%, 1/22/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 484000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 483302 |
| &nbsp;&nbsp;&nbsp; Ally Bank Auto Credit-Linked Notes 2024-A B, 5.8270%, 5/17/32<sup>ž</sup> <br>| &nbsp;&nbsp; 103517 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104869 |
| &nbsp;&nbsp;&nbsp; Ally Bank Auto Credit-Linked Notes 2024-B C, 5.2150%, 9/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 127559 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund VII 2024-CAR1 C, US 30 Day Average SOFR + <br> 1.5000%, 5.1619%, 12/26/31<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 197724 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198333 |
| &nbsp;&nbsp;&nbsp; BFLD Trust 2025-5MW D, 6.3710%, 10/10/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 150000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152016 |
| &nbsp;&nbsp;&nbsp; BPR Trust 2024-PMDW D, 5.8500%, 11/5/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 457000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 454295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-AIRC C, CME Term SOFR 1 Month + <br> 2.5900%, 6.2625%, 8/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 455307 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455292 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-ARIA C, 5.5173%, 12/13/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-ROIC D, CME Term SOFR 1 Month + <br> 1.9926%, 5.6652%, 3/15/30<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 488008 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 484542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2026-CART D, CME Term SOFR 1 Month + <br> 1.9000%, 5.5725%, 2/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 100000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2026-CSMO C, CME Term SOFR 1 Month + <br> 2.0000%, 5.6725%, 2/15/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 100000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2026-CSMO D, CME Term SOFR 1 Month + <br> 2.4500%, 6.1225%, 2/15/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 100000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2026-XL6 D, CME Term SOFR 1 Month + <br> 2.1000%, 5.7725%, 3/15/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 200000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyon Capital CLO Ltd 2019-2A BR2, CME Term SOFR 3 Month + 1.5000%, <br> 5.1722%, 10/16/34<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499281 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer II LLC 2025-1A A1, 5.3160%, 5/25/50<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2021-R01 1M2, US 30 Day Average SOFR <br> + 1.5500%, 5.2119%, 10/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 70289 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R03 1B2, US 30 Day Average SOFR + <br> 9.8500%, 13.5119%, 3/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R04 1B2, US 30 Day Average SOFR + <br> 9.5000%, 13.1619%, 3/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 10000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R05 2M1, US 30 Day Average SOFR <br> + 1.9000%, 5.5619%, 4/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4907 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R07 1B2, US 30 Day Average SOFR + <br> 12.0000%, 15.6619%, 6/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 50000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2023-R06 1M1, US 30 Day Average SOFR <br> + 1.7000%, 5.3619%, 7/27/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 59741 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R02 1M1, US 30 Day Average SOFR <br> + 1.1000%, 4.7619%, 2/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14056 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R03 2M2, US 30 Day Average SOFR <br> + 1.9500%, 5.6119%, 3/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 804000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 805256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R04 1M2, US 30 Day Average SOFR <br> + 1.6500%, 5.3119%, 5/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 203137 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R01 1B1, US 30 Day Average SOFR + <br> 1.7000%, 5.3619%, 1/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 172795 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R01 1M2, US 30 Day Average SOFR <br> + 1.5000%, 5.1619%, 1/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 497813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R02 1M2, US 30 Day Average SOFR <br> + 1.6000%, 5.2619%, 2/27/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 59000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R03 2M2, US 30 Day Average SOFR <br> + 2.2500%, 5.9119%, 3/27/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 57000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R04 1M2, US 30 Day Average SOFR <br> + 1.5000%, 5.1619%, 5/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 112200 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112045 |
| &nbsp;&nbsp;&nbsp; CPT Mortgage Trust 2019-CPT A, 2.8650%, 11/13/39<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credabl Trust 2024-1 A, 30 Day Australian Bank Bill Rate + 1.4500%, 5.3791%, <br> 5/11/45<sup>‡</sup> <br>| &nbsp;&nbsp; 284783 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credabl Trust 2024-1 C, 30 Day Australian Bank Bill Rate + 2.2000%, 6.1291%, <br> 5/11/45<sup>‡</sup> <br>| &nbsp;&nbsp; 490235 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339786 |
| &nbsp;&nbsp;&nbsp; DB Master Finance LLC 2021-1A A2I, 2.0450%, 11/20/51<sup>ž</sup> <br>| &nbsp;&nbsp; 119687 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117765 |
| &nbsp;&nbsp;&nbsp; DB Master Finance LLC 2021-1A A2II, 2.4930%, 11/20/51<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 47875 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DBGS Mortgage Trust 2021-W52 C, CME Term SOFR 1 Month + 2.5640%, <br> 6.2370%, 10/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 100000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98395 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>|  | *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA7 B2, US <br> 30 Day Average SOFR + 7.8000%, 11.4619%, 11/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; $50000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $52086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA7 M1, US <br> 30 Day Average SOFR + 0.8500%, 4.5119%, 11/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2648 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2022-DNA3 M1B, US <br> 30 Day Average SOFR + 2.9000%, 6.5619%, 4/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 114360 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2022-DNA6 M1A, US <br> 30 Day Average SOFR + 2.1500%, 5.8119%, 9/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16224 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-DNA2 M1A, US <br> 30 Day Average SOFR + 2.1000%, 5.7619%, 4/27/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 30718 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-HQA1 M1A, US <br> 30 Day Average SOFR + 2.0000%, 5.6619%, 5/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 50592 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-HQA2 M1A, US <br> 30 Day Average SOFR + 2.0000%, 5.6619%, 6/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 54134 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-HQA3 M1, US <br> 30 Day Average SOFR + 1.8500%, 5.5119%, 11/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 38375 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2024-DNA1 M1, US <br> 30 Day Average SOFR + 1.3500%, 5.0119%, 2/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 47897 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2024-DNA3 M2, US <br> 30 Day Average SOFR + 1.4500%, 5.1119%, 10/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 199443 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2024-HQA1 M1, US <br> 30 Day Average SOFR + 1.2500%, 4.9119%, 3/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 17652 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2024-HQA2 M2, US <br> 30 Day Average SOFR + 1.8000%, 5.4619%, 8/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 155000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-DNA2 M2, US <br> 30 Day Average SOFR + 1.5000%, 5.1619%, 5/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 175912 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-HQA1 M2, US <br> 30 Day Average SOFR + 1.6500%, 5.3119%, 2/27/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 93136 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92788 |
| &nbsp;&nbsp;&nbsp; FREMF Mortgage Trust 2023-K511 C, 5.6344%, 11/25/28<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 125000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great Wolf Trust 2024-WOLF D, CME Term SOFR 1 Month + 2.8900%, <br> 6.5625%, 3/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249733 |
| &nbsp;&nbsp;&nbsp; Hertz Vehicle Financing LLC 2025-5A B, 4.8700%, 5/25/30<sup>ž</sup> <br>| &nbsp;&nbsp; 750000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 737666 |
| &nbsp;&nbsp;&nbsp; Homeward Opportunities Fund I Trust 2025-RRTL2 A1, 5.2370%, 9/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 107000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107101 |
| &nbsp;&nbsp;&nbsp; Lex Commercial Loan Master Trust 2024-BBG A, 4.8736%, 10/13/33<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liberty Funding Pty Ltd 2024-1A A, 30 Day Australian Bank Bill Rate + 1.2000%, <br> 5.2500%, 5/25/32<sup>‡</sup> <br>| &nbsp;&nbsp; 191748 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132540 |
| &nbsp;&nbsp;&nbsp; Luxury Lease Partners Auto Lease Trust 2025-A A, 5.5100%, 3/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 212858 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2020-45A BRR, CME Term SOFR 3 Month + <br> 1.6500%, 5.3222%, 7/17/34<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; METRO Finance Trust 2024-1 A, 30 Day Australian Bank Bill Rate + 1.2500%, <br> 5.2025%, 9/17/30<sup>‡</sup> <br>| &nbsp;&nbsp; 270328 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187067 |
| &nbsp;&nbsp;&nbsp; MKT Mortgage Trust 2020-525M A, 2.6940%, 2/12/40<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neuberger Berman CLO Ltd 2021-44A BR, CME Term SOFR 3 Month + <br> 1.5000%, 5.1711%, 10/16/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Now Trust 2024-1 A, 30 Day Australian Bank Bill Rate + 1.4000%, 5.3500%, <br> 6/14/32<sup>‡</sup> <br>| &nbsp;&nbsp; 176224 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Now Trust 2025-1 A, 30 Day Australian Bank Bill Rate + 1.1500%, 5.1000%, <br> 2/14/34<sup>‡</sup> <br>| &nbsp;&nbsp; 310960 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRTH PARK Mortgage Trust 2025-PARK B, CME Term SOFR 1 Month + <br> 1.6429%, 5.3154%, 10/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498755 |
| &nbsp;&nbsp;&nbsp; Oasis Securitization 2025-1A A, 6.3550%, 8/15/39<sup>ž</sup> <br>| &nbsp;&nbsp; 750000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plenti PL-Green ABS Trust 2025-1 D, 30 Day Australian Bank Bill Rate + <br> 1.8000%, 5.7291%, 11/11/36<sup>‡</sup> <br>| &nbsp;&nbsp; 500000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 344159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Post CLO Ltd 2023-1A A1R, CME Term SOFR 3 Month + 1.3000%, 4.9676%, <br> 10/20/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250066 |
| &nbsp;&nbsp;&nbsp; QTS Issuer ABS II 2026-1A B, 6.7290%, 1/5/56<sup>ž</sup> <br>| &nbsp;&nbsp; 133365 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132636 |
| &nbsp;&nbsp;&nbsp; QTS Issuer ABS II LLC 2025-1A A2, 5.0440%, 10/5/55<sup>ž</sup> <br>| &nbsp;&nbsp; 263000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256944 |
| &nbsp;&nbsp;&nbsp; RCKT Trust 2025-1A D, 5.4200%, 7/25/34<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regatta 35 Funding Ltd 2025-5A A1, CME Term SOFR 3 Month + 1.2900%, <br> 4.9622%, 10/15/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250029 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2024-RTL4 A2, 7.5000%, 2/25/30<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 100000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99530 |
| &nbsp;&nbsp;&nbsp; SEB Funding LLC 2026-1A A2, 6.6650%, 1/30/56<sup>ž</sup> <br>| &nbsp;&nbsp; 106000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105348 |
| &nbsp;&nbsp;&nbsp; Subway Funding LLC 2024-1A A2I, 6.0280%, 7/30/54<sup>ž</sup> <br>| &nbsp;&nbsp; 266625 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267616 |
| &nbsp;&nbsp;&nbsp; Subway Funding LLC 2024-3A A2I, 5.2460%, 7/30/54<sup>ž</sup> <br>| &nbsp;&nbsp; 226137 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust 2025-DATA A, CME Term SOFR 1 Month + <br> 1.4429%, 5.1154%, 3/17/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246682 |
| &nbsp;&nbsp;&nbsp; Switch ABS Issuer LLC 2026-1A A21, 5.6090%, 3/27/56<sup>ž</sup> <br>| &nbsp;&nbsp; 200000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200363 |
| &nbsp;&nbsp;&nbsp; Taco Bell Funding LLC 2018-1A A2II, 4.9400%, 11/25/48<sup>ž</sup> <br>| &nbsp;&nbsp; 793039 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 789571 |
| &nbsp;&nbsp;&nbsp; Taco Bell Funding LLC 2021-1A A2II, 2.2940%, 8/25/51<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 67793 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62696 |
| &nbsp;&nbsp;&nbsp; The Huntington National Bank 2024-1 B1, 6.1530%, 5/20/32<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 94344 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95497 |

---

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| | | | |
|:---|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>|  | *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Huntington National Bank 2024-2 C, US 30 Day Average SOFR + 2.6000%, <br> 6.2729%, 10/20/32<sup>ž,</sup><sup>‡</sup> <br>| $300084 |  | &nbsp;&nbsp;&nbsp;&nbsp; $300921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Huntington National Bank 2025-1 C, US 30 Day Average SOFR + 2.2500%, <br> 5.9229%, 3/21/33<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 162679 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162135 |
| &nbsp;&nbsp;&nbsp; TVC Mortgage Trust 2026-RRTL1 A2, 5.3150%, 2/25/41<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 200000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UK Logistics 2024-1A B, SONIA Interest Rate Benchmark + 2.5500%, 6.4060%, <br> 5/17/34<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 201264 | GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265658 |
| &nbsp;&nbsp;&nbsp; VB-S1 Issuer LLC 2025-1A B, 5.6020%, 8/16/55<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248739 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC 2022-1A A2I, 4.2360%, 3/15/52<sup>ž</sup> <br>| &nbsp;&nbsp; 250250 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244431 |
| &nbsp;&nbsp;&nbsp; Westgate Resorts 2026-1A C, 6.0800%, 10/20/39<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250259 |
| &nbsp;&nbsp;&nbsp; Wingspire Equipment Finance LLC 2024-1A D, 6.3100%, 9/20/32<sup>ž</sup> <br>| &nbsp;&nbsp; 400000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405128 |
| Total Asset-Backed/Commercial Mortgage-Backed Securities (cost $18,545,480) |  |  | &nbsp;&nbsp; 18624911 |
| Bank Loans and Mezzanine Loans – 1.9% |  |  |  |
| Capital Goods – 0.5% |  |  |  |
| &nbsp;&nbsp;&nbsp; Chariot Buyer LLC, CME Term SOFR 1 Month + 2.7500%, 6.4177%, 9/8/32<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 30637 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; White Cap Supply Holdings LLC, CME Term SOFR 1 Month + 3.5000%, <br> 7.1677%, 2/10/33<sup>‡</sup> <br>| &nbsp;&nbsp; 258237 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245110 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275430 |
| Commercial Services – 0.2% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aggreko Holdings Inc, CME Term SOFR 3 Month + 3.0000%, 6.6640%, <br> 5/21/31<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 91000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90858 |
| Consumer Cyclical – 0.5% |  |  |  |
| &nbsp;&nbsp;&nbsp; Gloves Buyer Inc, CME Term SOFR 1 Month + 4.0000%, 7.6677%, 5/21/32<sup>ƒ</sup><sup>,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 130000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inspired Education US Holdings Inc, CME Term SOFR 3 Month + 2.7500%, <br> 6.4182%, 2/28/31<sup>‡</sup> <br>| &nbsp;&nbsp; 120192 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119817 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249232 |
| Industrial – 0.4% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azuria Water Solutions Inc, CME Term SOFR 1 Month + 2.7500%, 6.4254%, <br> 1/27/33<sup>ƒ</sup><sup>,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 114706 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azuria Water Solutions Inc, CME Term SOFR 1 Month + 2.7500%, 6.4254%, <br> 1/27/33<sup>ƒ</sup><sup>,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15294 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15122 |
| &nbsp;&nbsp;&nbsp; Salas O'Brien Inc, CME Term SOFR 1 Month + 2.7500%, 6.4177%, 1/31/33<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 89065 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88842 |
| &nbsp;&nbsp;&nbsp; Salas O'Brien Inc, CME Term SOFR 1 Month + 2.7500%, 6.4243%, 1/31/33<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11875 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11846 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229225 |
| Materials – 0.2% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proampac PG Borrower LLC, CME Term SOFR 1 Month + 4.0000%, 7.7822%, <br> 3/7/33<sup>ƒ</sup><sup>,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 130000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125223 |
| Technology – 0.1% |  |  |  |
| &nbsp;&nbsp;&nbsp; Leia Finco US LLC, CME Term SOFR 3 Month + 3.2500%, 6.8981%, 10/9/31<sup>ƒ</sup><sup>,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 47988 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45835 |
| Total Bank Loans and Mezzanine Loans (cost $1,033,575) |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1015803 |
| Corporate Bonds – 60.7% |  |  |  |
| Banking – 5.5% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd, 90 Day Australian Bank Bill Rate + <br> 1.5200%, 5.5450%, 1/15/35<sup>‡</sup> <br>| 1500000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 1018349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp/The, US Treasury Yield Curve Rate 5 Year + <br> 2.0340%, 5.6250%<sup>‡</sup><sup>,μ</sup> <br>| &nbsp;&nbsp; 261000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC, 90 Day Australian Bank Bill Rate + 1.6800%, <br> 5.7500%, 3/6/30<sup>‡</sup> <br>| &nbsp;&nbsp; 130000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macquarie Bank Ltd, 90 Day Australian Bank Bill Rate + 1.9500%, 5.6193%, <br> 3/1/34<sup>‡</sup> <br>| &nbsp;&nbsp; 290000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newcastle Greater Mutual Group Ltd, 90 Day Australian Bank Bill Rate + <br> 1.2500%, 4.9792%, 1/21/30<sup>‡</sup> <br>| &nbsp;&nbsp; 240000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westpac Banking Corp, 90 Day Australian Bank Bill Rate + 1.8800%, 5.6207%, <br> 4/3/34<sup>‡</sup> <br>| 1200000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 843592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westpac Banking Corp, 90 Day Australian Bank Bill Rate + 1.5200%, 5.3510%, <br> 2/12/35<sup>‡</sup> <br>| &nbsp;&nbsp; 500000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 337718 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2915346 |
| Basic Industry – 1.2% |  |  |  |
| &nbsp;&nbsp;&nbsp; Compass Minerals International Inc, 8.0000%, 7/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 120000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124178 |
| &nbsp;&nbsp;&nbsp; Maxam Prill Sarl, 7.7500%, 7/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 200000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203273 |
| &nbsp;&nbsp;&nbsp; SCIH Salt Holdings Inc, 6.6250%, 5/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 132000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131340 |
| &nbsp;&nbsp;&nbsp; Verde Purchaser LLC, 10.5000%, 11/30/30<sup>ž</sup> <br>| &nbsp;&nbsp; 170000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176672 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 635463 |
| Brokerage – 2.8% |  |  |  |
| &nbsp;&nbsp;&nbsp; Citadel Securities Global Holdings LLC, 5.5000%, 6/18/30<sup>ž</sup> <br>| &nbsp;&nbsp; 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 507963 |
| &nbsp;&nbsp;&nbsp; Jane Street Group / JSG Finance Inc, 4.5000%, 11/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 361000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 349884 |
| &nbsp;&nbsp;&nbsp; Jane Street Group / JSG Finance Inc, 7.1250%, 4/30/31<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 85000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87376 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 5.7000%, 5/20/27 | &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252309 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>|  | *Value* |
| Corporate Bonds – (continued) |  |  |  |
| Brokerage – (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 4.9000%, 4/3/28 | &nbsp;&nbsp; $45000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $45134 |
| &nbsp;&nbsp;&nbsp; Osaic Holdings Inc, 6.7500%, 8/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 258000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258032 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1500698 |
| Capital Goods – 3.8% |  |  |  |
| &nbsp;&nbsp;&nbsp; Boeing Co/The, 6.2590%, 5/1/27 | &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254316 |
| &nbsp;&nbsp;&nbsp; CNH Industrial Capital Australia Pty Ltd, 5.4000%, 5/17/27 | &nbsp;&nbsp; 800000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550403 |
| &nbsp;&nbsp;&nbsp; CNH Industrial Capital Australia Pty Ltd, 4.7000%, 6/20/28 | &nbsp;&nbsp; 400000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269430 |
| &nbsp;&nbsp;&nbsp; ESAB Corp, 6.2500%, 4/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253725 |
| &nbsp;&nbsp;&nbsp; ESAB Corp, 5.6250%, 4/1/31<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 83000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83582 |
| &nbsp;&nbsp;&nbsp; Trinity Industries Inc, 7.7500%, 7/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 477000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 488941 |
| &nbsp;&nbsp;&nbsp; Vertiv Group Corp, 4.1250%, 11/15/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 95000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93554 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1993951 |
| Communications – 0.2% |  |  |  |
| &nbsp;&nbsp;&nbsp; Level 3 Financing Inc, 3.7500%, 7/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 140000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129850 |
| Consumer Cyclical – 14.9% |  |  |  |
| &nbsp;&nbsp;&nbsp; Allison Transmission Inc, 4.7500%, 10/1/27<sup>ž</sup> <br>| &nbsp;&nbsp; 187000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185841 |
| &nbsp;&nbsp;&nbsp; Amazon.com Inc, 4.2500%, 3/13/31 | &nbsp;&nbsp; 756000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750428 |
| &nbsp;&nbsp;&nbsp; Carnival Corp, 5.1250%, 5/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 386000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383214 |
| &nbsp;&nbsp;&nbsp; Carvana Co, 9.0000%, 6/1/31<sup>ž,</sup><sup>‡</sup><sup>,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 475000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513619 |
| &nbsp;&nbsp;&nbsp; Century Communities Inc, 3.8750%, 8/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 170000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159537 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co LLC, 5.9180%, 3/20/28 | &nbsp;&nbsp; 200000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202535 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co LLC, 5.8000%, 3/5/27 | &nbsp;&nbsp; 375000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 377068 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co LLC, 7.3500%, 11/4/27 | &nbsp;&nbsp; 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 516024 |
| &nbsp;&nbsp;&nbsp; Garda World Security Corp, 6.0000%, 6/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 130000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123737 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co Inc, 5.1500%, 8/15/26 | &nbsp;&nbsp; 110000 | GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145760 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co Inc, 4.2000%, 10/27/28 | &nbsp;&nbsp; 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494850 |
| &nbsp;&nbsp;&nbsp; GLP Capital LP / GLP Financing II Inc, 5.3000%, 1/15/29 | &nbsp;&nbsp; 150000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151301 |
| &nbsp;&nbsp;&nbsp; KB Home, 6.8750%, 6/15/27 | &nbsp;&nbsp; 123000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124127 |
| &nbsp;&nbsp;&nbsp; Kohl's Corp, 10.0000%, 6/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 264355 |
| &nbsp;&nbsp;&nbsp; LGI Homes Inc, 8.7500%, 12/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 115000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117660 |
| &nbsp;&nbsp;&nbsp; LGI Homes Inc, 4.0000%, 7/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 140000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124696 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment Inc, 6.5000%, 5/15/27<sup>ž</sup> <br>| &nbsp;&nbsp; 188000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188239 |
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc, 6.3750%, 8/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 233000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC, <br> 11.8750%, 4/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 120000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125012 |
| &nbsp;&nbsp;&nbsp; New Home Company Inc/The, 9.2500%, 10/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 120000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121218 |
| &nbsp;&nbsp;&nbsp; Penn Entertainment Inc, 6.7500%, 4/1/31<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 55000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53417 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp, 7.2500%, 5/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 130000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125166 |
| &nbsp;&nbsp;&nbsp; Stellantis Financial Services US Corp, 4.9500%, 9/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 294000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292383 |
| &nbsp;&nbsp;&nbsp; Taylor Morrison Communities Inc, 5.7500%, 1/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 126000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126325 |
| &nbsp;&nbsp;&nbsp; VICI Properties LP, 4.7500%, 4/1/28 | &nbsp;&nbsp; 350000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350356 |
| &nbsp;&nbsp;&nbsp; VICI Properties LP / Vici Note Co Inc, 4.5000%, 9/1/26<sup>ž</sup> <br>| &nbsp;&nbsp; 150000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149825 |
| &nbsp;&nbsp;&nbsp; Victra Holdings LLC / Victra Finance Corp, 8.7500%, 9/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 120000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124543 |
| &nbsp;&nbsp;&nbsp; Volkswagen Financial Services NV, 6.5000%, 9/18/27 | 1000000 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 1342272 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7866435 |
| Consumer Non-Cyclical – 4.7% |  |  |  |
| &nbsp;&nbsp;&nbsp; Mattel Inc, 3.7500%, 4/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 360000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348160 |
| &nbsp;&nbsp;&nbsp; Mattel Inc, 5.0000%, 11/17/30 | &nbsp;&nbsp; 163000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161996 |
| &nbsp;&nbsp;&nbsp; Solventum Corp, 5.4000%, 3/1/29 | &nbsp;&nbsp; 396000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405101 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, 3.1500%, 10/1/26 | &nbsp;&nbsp; 275000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272266 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, 6.7500%, 3/1/28 | &nbsp;&nbsp; 490000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502206 |
| &nbsp;&nbsp;&nbsp; Universal Health Services Inc, 1.6500%, 9/1/26 | &nbsp;&nbsp; 825000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 815142 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2504871 |
| Electric – 2.4% |  |  |  |
| &nbsp;&nbsp;&nbsp; Liberty Utilities Co, 5.5770%, 1/31/29<sup>ž</sup> <br>| &nbsp;&nbsp; 605000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616754 |
| &nbsp;&nbsp;&nbsp; Long Ridge Energy LLC, 8.7500%, 2/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 120000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125893 |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc, 2.4500%, 12/2/27<sup>ž</sup> <br>| &nbsp;&nbsp; 553000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532686 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1275333 |
| Energy – 4.9% |  |  |  |
| &nbsp;&nbsp;&nbsp; Cheniere Energy Inc, 4.6250%, 10/15/28 | &nbsp;&nbsp; 375000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374052 |
| &nbsp;&nbsp;&nbsp; Civitas Resources Inc, 9.6250%, 6/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 118000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130357 |
| &nbsp;&nbsp;&nbsp; Columbia Pipelines Holding Company LLC, 6.0550%, 8/15/26<sup>ž</sup> <br>| &nbsp;&nbsp; 125000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125568 |
| &nbsp;&nbsp;&nbsp; DT Midstream Inc, 4.1250%, 6/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 130000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127265 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP, 5.8750%, 3/1/28<sup>ž</sup> <br>| &nbsp;&nbsp; 344000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346207 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP, 5.1250%, 6/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 383000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 381874 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP, 6.5000%, 6/1/29<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 89000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90916 |
| &nbsp;&nbsp;&nbsp; ITT Holdings LLC, 6.5000%, 8/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 380000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369488 |
| &nbsp;&nbsp;&nbsp; Repsol E&P Capital Markets US LLC, 4.8050%, 9/16/28<sup>ž</sup> <br>| &nbsp;&nbsp; 200000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200834 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>|  | *Value* |
| Corporate Bonds – (continued) |  |  |  |
| Energy – (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; Sunoco LP, 5.6250%, 3/15/31<sup>ž</sup> <br>| $193000 |  | &nbsp;&nbsp;&nbsp;&nbsp; $192115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp, 7.3750%, <br> 2/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 226000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232495 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2571171 |
| Finance Companies – 5.4% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avanti Finance Ltd, 90 Day Australian Bank Bill Rate + 4.8500%, 9.0239%, <br> 9/14/28<sup>‡</sup> <br>| &nbsp;&nbsp; 400000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278714 |
| &nbsp;&nbsp;&nbsp; Aviation Capital Group LLC, 1.9500%, 9/20/26<sup>ž</sup> <br>| &nbsp;&nbsp; 200000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197621 |
| &nbsp;&nbsp;&nbsp; Bread Financial Holdings Inc, 6.7500%, 5/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 175000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173643 |
| &nbsp;&nbsp;&nbsp; GGAM Finance Ltd, 5.8750%, 3/15/30<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Judo Bank Pty Ltd, 90 Day Australian Bank Bill Rate + 3.3500%, 7.1585%, <br> 10/23/34<sup>‡</sup> <br>| &nbsp;&nbsp; 240000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171793 |
| &nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings Ltd, 5.2000%, 3/27/28<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250901 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp, 6.1250%, 5/15/30 | &nbsp;&nbsp; 145000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141787 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp, 7.1250%, 11/15/31 | &nbsp;&nbsp; 321000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318046 |
| &nbsp;&nbsp;&nbsp; PennyMac Financial Services Inc, 7.8750%, 12/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255741 |
| &nbsp;&nbsp;&nbsp; Rocket Cos Inc, 6.1250%, 8/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 242000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244233 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc, 2.8750%, 10/15/26<sup>ž</sup> <br>| &nbsp;&nbsp; 815000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 806184 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2854605 |
| Financial Institutions – 3.9% |  |  |  |
| &nbsp;&nbsp;&nbsp; Atlas Warehouse Lending Co LP, 6.0500%, 1/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506716 |
| &nbsp;&nbsp;&nbsp; Atlas Warehouse Lending Co LP, 4.6250%, 11/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 270000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265914 |
| &nbsp;&nbsp;&nbsp; Atlas Warehouse Lending Co LP, 6.2500%, 1/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257111 |
| &nbsp;&nbsp;&nbsp; Burford Capital Global Finance LLC, 6.8750%, 4/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 200000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176534 |
| &nbsp;&nbsp;&nbsp; GGAM Finance Ltd, 8.0000%, 6/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 260000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liberty Financial Pty Ltd, 90 Day Australian Bank Bill Rate + 3.8000%, 7.9739%, <br> 3/16/28<sup>‡</sup> <br>| &nbsp;&nbsp; 800000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 577212 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2053330 |
| Government Sponsored – 0.5% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Permanent TSB Group Holdings PLC, EURIBOR ICE SWAP Rate + 3.5000%, <br> 6.6250%, 7/2/29<sup>‡</sup> <br>| &nbsp;&nbsp; 230000 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282330 |
| Insurance – 2.3% |  |  |  |
| &nbsp;&nbsp;&nbsp; Asurion LLC / Asurion Co-Issuer Inc, 8.0000%, 12/31/32<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259362 |
| &nbsp;&nbsp;&nbsp; Athene Global Funding, 2.5000%, 3/24/28<sup>ž</sup> <br>| &nbsp;&nbsp; 252000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239974 |
| &nbsp;&nbsp;&nbsp; F&G Global Funding, 4.6500%, 9/8/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 93000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91831 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd, 7.3750%, 1/31/32<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suncorp Group Ltd, 90 Day Australian Bank Bill Rate + 2.6500%, 6.6167%, <br> 12/1/38<sup>‡</sup> <br>| &nbsp;&nbsp; 500000 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356050 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1202208 |
| Professional Services – 1.0% |  |  |  |
| &nbsp;&nbsp;&nbsp; Booz Allen Hamilton Inc, 3.8750%, 9/1/28<sup>ž</sup> <br>| &nbsp;&nbsp; 526000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 512310 |
| Real Estate Investment Trusts (REITs) – 0.3% |  |  |  |
| &nbsp;&nbsp;&nbsp; Rithm Capital Corp, 8.0000%, 7/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 180000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173732 |
| Technology – 5.6% |  |  |  |
| &nbsp;&nbsp;&nbsp; APLD ComputeCo 2 LLC, 6.7500%, 3/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 187000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185638 |
| &nbsp;&nbsp;&nbsp; Black Pearl Compute LLC, 6.1250%, 2/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 121000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123153 |
| &nbsp;&nbsp;&nbsp; Ciena Corp, 4.0000%, 1/31/30<sup>ž</sup> <br>| &nbsp;&nbsp; 260000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247278 |
| &nbsp;&nbsp;&nbsp; Cipher Compute LLC, 7.1250%, 11/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 170000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176125 |
| &nbsp;&nbsp;&nbsp; CoreWeave Inc, 9.2500%, 6/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 130000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126316 |
| &nbsp;&nbsp;&nbsp; CrowdStrike Holdings Inc, 3.0000%, 2/15/29 | &nbsp;&nbsp; 182000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173123 |
| &nbsp;&nbsp;&nbsp; Gartner Inc, 4.5000%, 7/1/28<sup>ž</sup> <br>| &nbsp;&nbsp; 280000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275278 |
| &nbsp;&nbsp;&nbsp; MSCI Inc, 4.0000%, 11/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 615000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 597355 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 4.8000%, 8/3/28 | &nbsp;&nbsp; 325000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325138 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 4.9500%, 2/4/31 | &nbsp;&nbsp; 381000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372786 |
| &nbsp;&nbsp;&nbsp; Seagate Data Storage Technology Pte Ltd, 9.6250%, 12/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 230000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255624 |
| &nbsp;&nbsp;&nbsp; Western Union Co/The, 4.7500%, 6/15/29 | &nbsp;&nbsp; 130000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128842 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2986656 |
| Transportation – 1.3% |  |  |  |
| &nbsp;&nbsp;&nbsp; American Airlines Inc / AAdvantage Loyalty IP Ltd, 5.5000%, 4/20/26<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 33333 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33346 |
| &nbsp;&nbsp;&nbsp; American Airlines Inc / AAdvantage Loyalty IP Ltd, 5.7500%, 4/20/29<sup>ž</sup> <br>| &nbsp;&nbsp; 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248633 |
| &nbsp;&nbsp;&nbsp; Delta Air Lines Inc / SkyMiles IP Ltd, 4.7500%, 10/20/28<sup>ž</sup> <br>| &nbsp;&nbsp; 297000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 296571 |
| &nbsp;&nbsp;&nbsp; United Airlines Inc, 4.6250%, 4/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 100000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98112 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 676662 |
| Total Corporate Bonds (cost $31,791,247) |  |  | &nbsp;&nbsp; 32134951 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – 0.6% |  |  |
| Fannie Mae: |  |  |
| &nbsp;&nbsp;&nbsp; 6.0000%, TBA, 30 Year Maturity | $239686 | &nbsp;&nbsp;&nbsp;&nbsp; $244223 |
| &nbsp;&nbsp;&nbsp; 6.0000%, TBA, 30 Year Maturity | &nbsp;&nbsp;&nbsp;&nbsp; 60314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61383 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305606 |
| Total Mortgage-Backed Securities (cost $305,486) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305606 |
| Convertible Preferred Stocks – 0.2% |  |  |
| Software – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 6.5000%, 1/15/29 (cost $140,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126028 |
| Commercial Paper – 2.3% |  |  |
| &nbsp;&nbsp;&nbsp; AutoNation Inc, 0%, 4/1/26<sup>±</sup><sup>,◊</sup> <br>| &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249971 |
| &nbsp;&nbsp;&nbsp; Humana Inc, 0%, 4/1/26<sup>±</sup><sup>,◊</sup> <br>| &nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949896 |
| Total Commercial Paper (cost $1,199,865) |  | &nbsp;&nbsp;&nbsp;&nbsp; 1199867 |
| Total Investments (total cost $53,015,653) – 100.9% |  | &nbsp;&nbsp; 53407166 |
| Liabilities, net of Cash, Receivables and Other Assets – (0.9)% |  | &nbsp;&nbsp;&nbsp;&nbsp; (477940) |
| Net Assets – 100% |  | $52929226 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| ***Summary of Investments by Country - (Long Positions) (unaudited)*** |  |  |
| *Country* | *Value* | &nbsp;&nbsp; *% of* <br>*Investment* <br>*Securities*<br>|
| United States | $41703253 | &nbsp;&nbsp;&nbsp;&nbsp; 78.1<br> %<br>|
| Australia | 6031064 | &nbsp;&nbsp;&nbsp;&nbsp;11.3 |
| Cayman Islands | 1483112 | &nbsp;&nbsp;&nbsp;&nbsp;2.8 |
| Germany | 1342272 | &nbsp;&nbsp;&nbsp;&nbsp;2.5 |
| Israel | 774472 | &nbsp;&nbsp;&nbsp;&nbsp;1.4 |
| United Kingdom | 698320 | &nbsp;&nbsp;&nbsp;&nbsp;1.3 |
| Ireland | 568115 | &nbsp;&nbsp;&nbsp;&nbsp;1.1 |
| New Zealand | 278714 | &nbsp;&nbsp;&nbsp;&nbsp;0.5 |
| Luxembourg | 203273 | &nbsp;&nbsp;&nbsp;&nbsp;0.4 |
| Spain | 200834 | &nbsp;&nbsp;&nbsp;&nbsp;0.4 |
| Canada | 123737 | &nbsp;&nbsp;&nbsp;&nbsp;0.2 |
| Total | $53407166 | &nbsp;&nbsp;&nbsp;&nbsp; 100.0<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** |
| *Counterparty/* <br>*Foreign Currency*<br>| *Settlement* <br>*Date*<br>| &nbsp;&nbsp; *Foreign Currency* <br>*Amount (Sold)/* <br>*Purchased*<br>| &nbsp;&nbsp; *USD Currency* <br>*Amount (Sold)/* <br>*Purchased*<br>| &nbsp;&nbsp; *Market Value and* <br>*Unrealized* <br>*Appreciation/* <br>*(Depreciation)*<br>|
| Bank of America, National Association: | Bank of America, National Association: | Bank of America, National Association: | Bank of America, National Association: | Bank of America, National Association: |
| &nbsp;&nbsp;&nbsp; British Pound | 4/17/26 | &nbsp;&nbsp;&nbsp; (1410000) | &nbsp;&nbsp;&nbsp; $1894906 | &nbsp;&nbsp;&nbsp; $28966 |
| Citibank, National Association: | Citibank, National Association: | Citibank, National Association: | Citibank, National Association: | Citibank, National Association: |
| &nbsp;&nbsp;&nbsp; Euro | 4/17/26 | &nbsp;&nbsp;&nbsp; (280000) | &nbsp;&nbsp;&nbsp; 327726 | &nbsp;&nbsp;&nbsp; 3866 |
| Goldman Sachs & Co. LLC: | Goldman Sachs & Co. LLC: | Goldman Sachs & Co. LLC: | Goldman Sachs & Co. LLC: | Goldman Sachs & Co. LLC: |
| &nbsp;&nbsp;&nbsp; New Zealand Dollar | 4/17/26 | &nbsp;&nbsp;&nbsp; (110000) | &nbsp;&nbsp;&nbsp; 63361 | &nbsp;&nbsp;&nbsp; 142 |
| HSBC Securities (USA), Inc.: | HSBC Securities (USA), Inc.: | HSBC Securities (USA), Inc.: | HSBC Securities (USA), Inc.: | HSBC Securities (USA), Inc.: |
| &nbsp;&nbsp;&nbsp; Australian Dollar | 4/17/26 | &nbsp;&nbsp;&nbsp; 843450 | &nbsp;&nbsp;&nbsp; (587583) | &nbsp;&nbsp;&nbsp; (5893) |
| &nbsp;&nbsp;&nbsp; Australian Dollar | 4/17/26 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp; (33666) | &nbsp;&nbsp;&nbsp; 817 |
|  |  |  |  | &nbsp;&nbsp;&nbsp; (5076) |
| JPMorgan Chase Bank, National Association: | JPMorgan Chase Bank, National Association: | JPMorgan Chase Bank, National Association: | JPMorgan Chase Bank, National Association: | JPMorgan Chase Bank, National Association: |
| &nbsp;&nbsp;&nbsp; Australian Dollar | 4/17/26 | &nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp; (42749) | &nbsp;&nbsp;&nbsp; (1370) |
| State Street Bank and Trust Company: | State Street Bank and Trust Company: | State Street Bank and Trust Company: | State Street Bank and Trust Company: | State Street Bank and Trust Company: |
| &nbsp;&nbsp;&nbsp; Australian Dollar | 4/17/26 | &nbsp;&nbsp;&nbsp; (18550000) | &nbsp;&nbsp;&nbsp; 12389823 | &nbsp;&nbsp;&nbsp; (403280) |
| UBS: | UBS: | UBS: | UBS: | UBS: |
| &nbsp;&nbsp;&nbsp; Australian Dollar | 4/17/26 | &nbsp;&nbsp;&nbsp; 8245000 | &nbsp;&nbsp;&nbsp; (5768737) | &nbsp;&nbsp;&nbsp; (82530) |
| &nbsp;&nbsp;&nbsp; New Zealand Dollar | 4/17/26 | &nbsp;&nbsp;&nbsp; (15000) | &nbsp;&nbsp;&nbsp; 8820 | &nbsp;&nbsp;&nbsp; 199 |
|  |  |  |  | &nbsp;&nbsp;&nbsp; (82331) |
| Total |  |  |  | &nbsp;&nbsp;&nbsp; $(459083) |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** |
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp; *Notional* <br>*Amount*<br>| &nbsp;&nbsp; *Value and* <br>*Unrealized* <br>*Appreciation/(Depreciation)*<br>|
| *Futures Long:* |  |  |  |  |
| 2 Year US Treasury Note | 65 | &nbsp;&nbsp;&nbsp; 7/6/26 | &nbsp;&nbsp;&nbsp; $13483945 | &nbsp;&nbsp;&nbsp; $(49461) |
| 2-Year Canadian Bond | 28 | &nbsp;&nbsp;&nbsp; 6/30/26 | &nbsp;&nbsp;&nbsp; 2117564 | &nbsp;&nbsp;&nbsp; 6043 |
| 3-Month CORRA | 14 | &nbsp;&nbsp;&nbsp; 3/17/27 | &nbsp;&nbsp;&nbsp; 2447282 | &nbsp;&nbsp;&nbsp; 6097 |
| 3-Month SOFR | 10 | &nbsp;&nbsp;&nbsp; 3/17/27 | &nbsp;&nbsp;&nbsp; 2409125 | &nbsp;&nbsp;&nbsp; 4312 |
| Total - Futures Long |  |  |  | &nbsp;&nbsp;&nbsp; (33009) |
| *Futures Short:* |  |  |  |  |
| 3-Year Australian Bond | 32 | &nbsp;&nbsp;&nbsp; 6/15/26 | &nbsp;&nbsp;&nbsp; (2288030) | &nbsp;&nbsp;&nbsp; 11990 |
| 5 Year US Treasury Note | 13 | &nbsp;&nbsp;&nbsp; 7/6/26 | &nbsp;&nbsp;&nbsp; (1406336) | &nbsp;&nbsp;&nbsp; 14188 |
| Euro-Schatz | 3 | &nbsp;&nbsp;&nbsp; 6/10/26 | &nbsp;&nbsp;&nbsp; (366644) | &nbsp;&nbsp;&nbsp; 3801 |
| Total - Futures Short |  |  |  | &nbsp;&nbsp;&nbsp; 29979 |
| Total |  |  |  | &nbsp;&nbsp;&nbsp; $(3030) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| ***Schedule of Centrally Cleared Credit Default Swaps - Buy Protection*** | ***Schedule of Centrally Cleared Credit Default Swaps - Buy Protection*** | ***Schedule of Centrally Cleared Credit Default Swaps - Buy Protection*** | ***Schedule of Centrally Cleared Credit Default Swaps - Buy Protection*** | ***Schedule of Centrally Cleared Credit Default Swaps - Buy Protection*** | ***Schedule of Centrally Cleared Credit Default Swaps - Buy Protection*** |  |
| *Reference* <br>*Asset*<br>| *Maturity* <br>*Date*<br>| *Notional* <br>*Amount*<br>|  | *Premiums* <br>*Paid/(Received)* <br>| *Unrealized* <br>*Appreciation/* <br>*(Depreciation)* <br>| *Value* |
| CDX.NA.HY.45, Fixed Rate <br>of 5.00%, Paid Quarterly<br>| 12/20/30 | &nbsp;&nbsp; (792000) | USD | &nbsp;&nbsp; $(39625) | &nbsp;&nbsp; $(3403) | &nbsp;&nbsp; $(43028) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ***Schedule of Centrally Cleared Interest Rate Swaps*** | ***Schedule of Centrally Cleared Interest Rate Swaps*** | ***Schedule of Centrally Cleared Interest Rate Swaps*** | ***Schedule of Centrally Cleared Interest Rate Swaps*** | ***Schedule of Centrally Cleared Interest Rate Swaps*** | ***Schedule of Centrally Cleared Interest Rate Swaps*** | ***Schedule of Centrally Cleared Interest Rate Swaps*** | ***Schedule of Centrally Cleared Interest Rate Swaps*** | ***Schedule of Centrally Cleared Interest Rate Swaps*** |
| *Payments made* <br>*by Fund*<br>| *Payments received* <br>*by Fund*<br>| *Payment* <br>*Frequency*<br>| *Maturity* <br>*Date*<br>| *Notional* <br>*Amount*<br>|  | *Premiums* <br>*Paid/* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation/* <br>*(Depreciation)*<br>| *Value* |
| SONIA 1D | 3.624% Fixed Rate | Annually | &nbsp;&nbsp; 10/21/27 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; $- | $(14288) | $(14288) |
| SONIA 1D | 3.5513% Fixed Rate | Annually | &nbsp;&nbsp; 11/6/27 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; - | (16269) | (16269) |
| 3.365% Fixed <br> Rate<br>| USD SOFR | Annually | &nbsp;&nbsp; 11/22/27 | &nbsp;&nbsp; (2700000) | &nbsp;&nbsp; USD | &nbsp;&nbsp; - | 16911 | 16911 |
| SONIA 1D | 3.5001% Fixed Rate | Annually | &nbsp;&nbsp; 12/3/27 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; - | (1763) | (1763) |
| SONIA 1D | 3.4005% Fixed Rate | Annually | &nbsp;&nbsp; 2/27/28 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; - | (21037) | (21037) |
| SONIA 1D | 3.3542% Fixed Rate | Annually | &nbsp;&nbsp; 2/27/28 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; - | (22196) | (22196) |
| 3.8198% Fixed <br> Rate<br>| SONIA 1D | Annually | &nbsp;&nbsp; 3/6/28 | &nbsp;&nbsp; (2100000) | &nbsp;&nbsp; GBP | &nbsp;&nbsp; - | 22321 | 22321 |
| Total  |  |  |  |  |  | &nbsp;&nbsp; $- | $(36321) | $(36321) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Average Ending Monthly Value of Derivative Instruments During the Period Ended March 31, 2026** | **Average Ending Monthly Value of Derivative Instruments During the Period Ended March 31, 2026** |
| Credit default swaps: |  |
| Average notional amount - buy protection | $158400 |
| Average notional amount - sell protection | 40000 |
| Forward foreign currency exchange contracts: |  |
| Average amounts purchased - in USD | 1184108 |
| Average amounts sold - in USD | 15884001 |
| Futures contracts: |  |
| Average notional amount of contracts - long | 5128223 |
| Average notional amount of contracts - short | 7784574 |
| Interest rate swaps: |  |
| Average notional amount - pay fixed rate/receive floating rate | 3300000 |
| Average notional amount - receive fixed rate/pay floating rate | 8355180 |
| Swaptions: |  |
| Average value of swaption contracts purchased | 8495 |
| Average value of swaption contracts written | 2863 |

---

------

**Notes to Schedule of Investments (unaudited)** 

---

| | |
|:---|:---|
| EURIBOR | Euro Interbank Offered Rate |
| ICE | Intercontinental Exchange |
| LLC | Limited Liability Company |
| LP | Limited Partnership |
| PLC | Public Limited Company |
| SOFR | Secured Overnight Financing Rate |
| SONIA | Sterling Overnight Interbank Average Rate |
| TBA | &nbsp;&nbsp; (To Be Announced) Securities are purchased/sold on a forward commitment basis with an approximate <br> principal amount and no defined maturity date. The actual principal and maturity date will be determined upon <br> settlement when specific mortgage pools are assigned.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| &nbsp;&nbsp; Securities sold under Rule 144A of the Securities Act of 1933, as amended, are subject to legal and/or contractual restrictions on resale <br> and may not be publicly sold without registration under the 1933 Act. Unless otherwise noted, these securities have been determined to be <br> liquid under guidelines established by the Board of Trustees. The total value of 144A securities as of the period ended March 31, 2026 is <br> $34,824,286, which represents 65.8% of net assets.<br>|
| &nbsp;&nbsp; Securities sold under Section 4(2) of the Securities Act of 1933, as amended, are subject to legal and/or contractual restrictions on resale <br> and may not be publicly sold without registration under the 1933 Act. Unless otherwise noted, these securities have been determined to be <br> liquid under guidelines established by the Board of Trustees. The total value of 4(2) securities as of the period ended March 31, 2026 is <br> $1,199,867, which represents 2.3% of net assets.<br>|
| &nbsp;&nbsp; All or a portion of this position is not funded, or has been purchased on a delayed delivery or when-issued basis. If applicable, interest rates <br> will be determined and interest will begin to accrue at a future date.<br>|
| &nbsp;&nbsp; Variable or floating rate security. Rate shown is the current rate as of March 31, 2026. Certain variable rate securities are not based on a <br> published reference rate and spread; they are determined by the issuer or agent and current market conditions. Reference rate is as <br> of reset date and may vary by security, which may not indicate a reference rate and/or spread in their description.<br>|
| &nbsp;&nbsp; Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer. The date indicated, if <br> any, represents the next call date.<br>|
| &nbsp;&nbsp; Step bond. The coupon rate will increase or decrease periodically based upon a predetermined schedule. The rate shown reflects the <br> current rate.<br>|
| Zero coupon bond. |

---

------

The following is a summary of the inputs that were used to value the Fund's investments in securities and other financial

instruments as of March 31, 2026.

---

| | | | |
|:---|:---|:---|:---|
| **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** |
|  | ***Level 1 -*** <br>***Quoted Prices***<br>| &nbsp;&nbsp; ***Level 2 -*** <br>***Other Significant*** <br>***Observable Inputs***<br>| &nbsp;&nbsp; ***Level 3 -*** <br>***Significant*** <br>***Unobservable Inputs***<br>|
| **Assets** |  |  |  |
| **Investments In Securities:** |  |  |  |
| *Asset-Backed/Commercial Mortgage-Backed Securities* | $- | &nbsp;&nbsp;&nbsp; $18624911 | &nbsp;&nbsp;&nbsp; $- |
| *Bank Loans and Mezzanine Loans* | - | &nbsp;&nbsp;&nbsp; 1015803 | &nbsp;&nbsp;&nbsp; - |
| *Corporate Bonds* | - | &nbsp;&nbsp;&nbsp; 32134951 | &nbsp;&nbsp;&nbsp; - |
| *Mortgage-Backed Securities* | - | &nbsp;&nbsp;&nbsp; 305606 | &nbsp;&nbsp;&nbsp; - |
| *Convertible Preferred Stocks* | 126028 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - |
| *Commercial Paper* | - | &nbsp;&nbsp;&nbsp; 1199867 | &nbsp;&nbsp;&nbsp; - |
| Total Investments in Securities | $126028 | &nbsp;&nbsp;&nbsp; $53281138 | &nbsp;&nbsp;&nbsp; $- |
| **Other Financial Instruments**<sup>(a)</sup>**:** |  |  |  |
| *Forward Foreign Currency Exchange Contracts* | - | &nbsp;&nbsp;&nbsp; 33990 | &nbsp;&nbsp;&nbsp; - |
| *Futures Contracts* | 46431 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - |
| *Centrally Cleared Swaps* | - | &nbsp;&nbsp;&nbsp; 39232 | &nbsp;&nbsp;&nbsp; - |
| **Total Assets** | $172459 | &nbsp;&nbsp;&nbsp; $53354360 | &nbsp;&nbsp;&nbsp; $- |
| **Liabilities** |  |  |  |
| **Other Financial Instruments**<sup>(a)</sup>**:** |  |  |  |
| *Forward Foreign Currency Exchange Contracts* | $- | &nbsp;&nbsp;&nbsp; $493073 | &nbsp;&nbsp;&nbsp; $- |
| *Futures Contracts* | 49461 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - |
| *Centrally Cleared Swaps* | - | &nbsp;&nbsp;&nbsp; 78956 | &nbsp;&nbsp;&nbsp; - |
| **Total Liabilities** | $49461 | &nbsp;&nbsp;&nbsp; $572029 | &nbsp;&nbsp;&nbsp; $- |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Other financial instruments may include forward foreign currency exchange contracts,
 futures, written options, written swaptions, and swap contracts. Forward foreign currency exchange contracts, futures contracts, and centrally
 cleared swap contracts are reported at their unrealized appreciation/(depreciation) at measurement date, which represents the change in the
 contract's value from trade date. Written options, written swaptions, and OTC swaps are reported at their market value at measurement date.

------

**Investment Valuation**

Fund holdings are valued in accordance with policies and procedures established by the Adviser pursuant to Rule 2a-5 under the 1940 Act and approved by and subject to the oversight of the Trustees (the "Valuation Procedures"). Equity securities traded on a domestic securities exchange are generally valued at readily available market quotations, which are (i) the official close prices or (ii) last sale prices on the primary market or exchange in which the securities trade. If such price is lacking for the trading period immediately preceding the time of determination, such securities are generally valued at their current bid price. Equity securities that are traded on a foreign exchange are generally valued at the closing prices on such markets. In the event that there is no current trading volume on a particular security in such foreign exchange, the bid price from the primary exchange is generally used to value the security. Foreign securities and currencies are converted to U.S. dollars using the current spot USD dollar exchange rate in effect at the close of the New York Stock Exchange ("NYSE"). The Adviser will determine the market value of individual securities held by it by using prices provided by one or more Adviser-approved professional pricing services or, as needed, by obtaining market quotations from independent broker-dealers. Most debt securities are valued in accordance with the evaluated bid price supplied by the pricing service that is intended to reflect market value. The evaluated bid price supplied by the pricing service is an evaluation that may consider factors such as security prices, yields, maturities, and ratings. Certain short-term securities maturing within 60 days or less may be evaluated and valued on an amortized cost basis provided that the amortized cost determined approximates market value. Securities for which market quotations or evaluated prices are not readily available or deemed unreliable are valued at fair value determined in good faith by the Adviser pursuant to the Valuation Procedures. Circumstances in which fair valuation may be utilized include, but are not limited to: (i) a significant event that may affect the securities of a single issuer, such as a merger, bankruptcy, or significant issuer-specific development; (ii) an event that may affect an entire market, such as a natural disaster or significant governmental action; (iii) a nonsignificant event such as a market closing early or not opening, or a security trading halt; and (iv) pricing of a non-valued security and a restricted or nonpublic security. Special valuation considerations may apply with respect to "odd-lot" fixed-income transactions which, due to their small size, may receive evaluated prices by pricing services which reflect a large block trade and not what actually could be obtained for the odd-lot position. The value of the securities of other mutual funds held by the Fund, if any, will be calculated using the NAV of such mutual funds, and the prospectuses for such mutual funds explain the circumstances under which they use fair valuation and the effects of using fair valuation. The value of the securities of any cash management pooled investment vehicles that

operate as money market funds held by the Fund, if any, will be calculated using the NAV of such funds.

**Valuation Inputs Summary**

FASB ASC 820, *Fair Value Measurements and Disclosures* ("ASC 820"), defines fair value, establishes a framework for measuring fair value, and expands disclosure requirements regarding fair value measurements. This standard emphasizes that fair value is a market-based measurement that should be determined based on the assumptions that market participants would use in pricing an asset or liability and establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. These inputs are summarized into three broad levels:

Level 1 – Unadjusted quoted prices in active markets the Fund has the ability to access for identical assets or liabilities.

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

rates and similar data.

Assets or liabilities categorized as Level 2 in the hierarchy generally include: debt securities fair valued in accordance with the evaluated bid or ask prices supplied by a pricing service; securities traded on OTC markets and listed securities for which no sales are reported that are fair valued at the latest bid price (or yield equivalent thereof) obtained from one or more dealers transacting in a market for such securities or by a pricing service approved by the Fund's Trustees; certain short-term debt securities with maturities of 60 days or less that are fair valued at amortized cost; and equity securities of foreign issuers whose fair value is determined by using systematic fair valuation models provided by independent third parties in order to adjust for stale pricing which may occur between the close of certain foreign exchanges and the close of the NYSE. Other securities that may be categorized as Level 2 in the hierarchy include, but are not limited to, preferred stocks, bank loans, swaps,

investments in unregistered investment companies, options, and forward contracts.

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

There have been no significant changes in valuation techniques used in valuing any such positions held by the Fund since the beginning of the fiscal period.

------

The inputs or methodology used for fair valuing securities are not necessarily an indication of the risk associated with investing in those securities. The summary of inputs used as of March 31, 2026 to fair value the Fund's investments in securities and other financial instruments is included in the "Valuation Inputs Summary" in the Notes to Schedule of Investments.

------

For additional information on the Fund, please refer to the Fund's most recent semiannual or annual financial

statements.

125-35-70255 05-26

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** JANUS INVESTMENT FUND

- **b. Investment Company Act file number:** 811-01879

- **c. CIK number of Registrant:** 0000277751

- **d. LEI of Registrant:** W6UYDZFUOFJ4HQQ32382

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

  - **Street Address 1:** 151 Detroit Street

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** 303-333-3863

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

- **a. Name of Series:** Janus Henderson Absolute Return Income Opportunities Fund

- **b. EDGAR series identifier (if any):** S000044287

- **c. LEI of Series:** 549300OI3127F0HFWY79

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

- **a. Date of fiscal year-end:** 2026-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $54490384.79

**Total Liabilities:** $1561152.21

**Net Assets:** $52929232.58

**Delayed Delivery Securities:** $434621.88

**Cash Not Reported:** $426869.89

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -103.709999999999 | **1-Year:** -3215.799999999998 | **5-Year:** -5509.710000000002 | **10-Year:** -1177.209999999999 | **30-Year:** -280.590000000000

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

- **3-Month:** -60.620000000000 | **1-Year:** -1517.010000000000 | **5-Year:** -2409.680000000000 | **10-Year:** -634.390000000000 | **30-Year:** -17.380000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000137972 | 0.49%                | 0.32%                | -0.68%               |
| Class ID C000137973 | 0.55%                | 0.16%                | -0.64%               |
| Class ID C000137974 | 0.51%                | 0.34%                | -0.67%               |
| Class ID C000137975 | 0.51%                | 0.23%                | -0.55%               |
| Class ID C000137976 | 0.52%                | 0.24%                | -0.55%               |
| Class ID C000137977 | 0.47%                | 0.20%                | -0.59%               |
| Class ID C000137978 | 0.50%                | 0.33%                | -0.57%               |
| Class ID C000151361 | 0.45%                | 0.18%                | -0.61%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $39449.00                | $578214.00                                 |
| Month 2  | $37227.00                | $208376.00                                 |
| Month 3  | $-78564.00               | $-780800.00                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Aggregate 1 - 3 Yrs

- **Index Identifier:** LEHM.MC.LEHM005747UUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Osaic Holdings Inc.                                              | ADVGRO 6.75 08/01/32 144A                                                                                                                | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    258000 | PA      | $258032.22    | 0.49%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| OASIS SECURITISATION 21-2A                                       | OASIS 2025-1A A                                                                                                                          | CUSIP: 53161AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $750534.45    | 1.42%             | 2039-08-15      | Fixed         | 6.36%                 | Yes           |                  2 | On Loan: No      |
| New Home Company Inc                                             | NWHM 9.25 10/01/29 144A                                                                                                                  | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121217.64    | 0.23%             | 2029-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Rithm Capital Corp.                                              | RITM 8 07/15/30 144A                                                                                                                     | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |    180000 | PA      | $173732.54    | 0.33%             | 2030-07-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PENN Entertainment Inc                                           | PENN 6.75 04/01/31 144A                                                                                                                  | CUSIP: 707569AY5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $53417.05     | 0.10%             | 2031-04-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                            | PennyMac Financial Services Inc                                                                                                          | CUSIP: 70932MAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $255741.50    | 0.48%             | 2029-12-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS II, LLC                                           | QTSII 2025-1A A2                                                                                                                         | CUSIP: 74690FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    263000 | PA      | $256944.46    | 0.49%             | 2055-10-05      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                                            | QTS Issuer ABS II 2026-1A B                                                                                                              | CUSIP: 74690FAS5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    133365 | PA      | $132636.48    | 0.25%             | 2056-01-05      | Fixed         | 6.73%                 | Yes           |                  2 | On Loan: No      |
| RCKT Trust                                                       | RCKT Trust 2025-1A D                                                                                                                     | CUSIP: 74939RAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $246244.23    | 0.47%             | 2034-07-25      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| REPSOL E&P CAP MARKETS                                           | Repsol E&P Capital Markets US LLC                                                                                                        | CUSIP: 76026AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $200833.66    | 0.38%             | 2028-09-16      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| Rocket Companies Inc                                             | RKT 6.125 08/01/30 144A                                                                                                                  | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    242000 | PA      | $244232.93    | 0.46%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                         | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                                                                                      | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    815000 | PA      | $806183.74    | 1.52%             | 2026-10-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Plenti PL-Green ABS Trust                                        | Plenti PL-Green ABS Trust 2025-1 D                                                                                                       | CUSIP: BCC3M8WS6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |    500000 | PA      | $344158.79    | 0.65%             | 2036-11-11      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| SALAS O'BRIEN INC                                                | Salas O'Brien Inc                                                                                                                        | CUSIP: BL5450335<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     89065 | PA      | $88842.16     | 0.17%             | 2033-01-31      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| SALAS O'BRIEN INC                                                | Salas O'Brien Inc                                                                                                                        | CUSIP: BL5450350<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     11875 | PA      | $11845.62     | 0.02%             | 2033-01-31      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| ProAmpac                                                         | ProAmpac Term Loan B 400 2033-02-07                                                                                                      | CUSIP: 74274NAM5<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |    130000 | PA      | $125222.50    | 0.24%             | 2033-03-07      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Post CLO LTD                                                     | Post CLO Ltd 2023-1A A1R                                                                                                                 | CUSIP: 73743CAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $250065.60    | 0.47%             | 2038-10-20      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Regatta 35 Funding Ltd.                                          | Regatta 35 Funding Ltd 2025-5A A1                                                                                                        | CUSIP: 75903YAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $250029.00    | 0.47%             | 2038-10-15      | Variable      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| PERMANENT TSB GROUP                                              | Permanent TSB Group Holdings PLC                                                                                                         | CUSIP: ZJ2459635<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    230000 | PA      | $282330.15    | 0.53%             | 2029-07-02      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                          | STACR 2023-HQA2 M1A                                                                                                                      | CUSIP: 35564K2F5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     54134 | PA      | $54200.89     | 0.10%             | 2043-06-25      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                          | STACR 2023-DNA2 M1A                                                                                                                      | CUSIP: 35564KT58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     30718 | PA      | $31002.26     | 0.06%             | 2043-04-27      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                              | Freddie Mac Structured Agency Credit Risk Debt Notes 2023-HQA1 M1A                                                                       | CUSIP: 35564KX79<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     50592 | PA      | $50835.80     | 0.10%             | 2043-05-25      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| LUXURY LEASE PARTNERS AUTO LEASE TRUST 2025-A                    | LLP 2025-A A                                                                                                                             | CUSIP: 55069BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    212858 | PA      | $212207.58    | 0.40%             | 2032-03-15      | Fixed         | 5.51%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                                                                                     | CUSIP: 682691AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $141786.93    | 0.27%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                     | Oracle Corp. DEPOSITARY SHARES EACH REPRESENTING A 1/2,000TH INTEREST IN A SHARE OF 6.50% SERIES D MANDATORY CONVERTIBLE PREFERRED STOCK | CUSIP: 68389X204<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EP               | CORP              | US        |      2800 | NS      | $126028.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corp                                                                                                                              | CUSIP: 68389XCY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $325138.07    | 0.61%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                     | ORCL 4.95 02/04/31                                                                                                                       | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    381000 | PA      | $372785.59    | 0.70%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | FNMA-30YR                                                                                                                                | CUSIP: 01F060642<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    300000 | PA      | $305679.00    | 0.58%             | 2055-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | 3M CORRA Futures  Dec26                                                                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        14 | NC      | $6097.10      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | CAN 2YR BOND FUT  Jun26                                                                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        28 | NC      | $6042.77      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | US T-NOTE 2YR                                                                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        65 | NC      | $-49460.96    | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                                         | BX Commercial Mortgage Trust 2025-ROIC D                                                                                                 | CUSIP: 05593VAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    488008 | PA      | $484541.67    | 0.92%             | 2030-03-15      | Variable      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                         | BX Commercial Mortgage Trust 2025-ARIA C                                                                                                 | CUSIP: 05619TAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $248963.08    | 0.47%             | 2042-12-13      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Bayview Opportunity Master Fun                                   | Bayview Opportunity Master Fund VII 2024-CAR1 C                                                                                          | CUSIP: 07336QAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197724 | PA      | $198332.80    | 0.37%             | 2031-12-26      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| BX COML MTG TR 2024-AIRC                                         | BX 2024-AIRC C                                                                                                                           | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    455307 | PA      | $455292.27    | 0.86%             | 2041-08-15      | Variable      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2026-CSMO                           | BX 2026-CSMO C                                                                                                                           | CUSIP: 12433LAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99890.84     | 0.19%             | 2043-02-15      | Variable      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                         | BX Commercial Mortgage Trust 2026-CSMO D                                                                                                 | CUSIP: 12433LAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99897.92     | 0.19%             | 2043-02-15      | Variable      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                         | BX Commercial Mortgage Trust 2026-CART D                                                                                                 | CUSIP: 12433MAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99935.75     | 0.19%             | 2036-02-15      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                         | BX Commercial Mortgage Trust 2026-XL6 D                                                                                                  | CUSIP: 12433NAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $199000.00    | 0.38%             | 2043-03-15      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST                                               | CPT Mortgage Trust 2019-CPT A                                                                                                            | CUSIP: 12654YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $230910.36    | 0.44%             | 2039-11-13      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| Carvana Co                                                       | CVNA 9 06/01/31 144A                                                                                                                     | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    475000 | PA      | $513619.40    | 0.97%             | 2031-06-01      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                                              | Century Communities Inc                                                                                                                  | CUSIP: 156504AM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $159537.06    | 0.30%             | 2029-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CHARIOT BUYER LLC                                                | Chariot Buyer LLC                                                                                                                        | CUSIP: 15963CAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     30637 | PA      | $30319.85     | 0.06%             | 2032-09-08      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC                                              | Cheniere Energy Inc                                                                                                                      | CUSIP: 16411RAK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $374052.36    | 0.71%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Ciena Corporation                                                | CIEN 4 01/31/30 144A                                                                                                                     | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |    260000 | PA      | $247277.99    | 0.47%             | 2030-01-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Cipher Compute LLC                                               | CIFR 7.125 11/15/30 144A                                                                                                                 | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $176124.93    | 0.33%             | 2030-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CITADEL SECURITIES GLOBA                                         | Citadel Securities Global Holdings LLC                                                                                                   | CUSIP: 17289RAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $507962.91    | 0.96%             | 2030-06-18      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                                    | SM 9.625 06/15/33 144A                                                                                                                   | CUSIP: 17888HAD5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    118000 | PA      | $130357.08    | 0.25%             | 2033-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co. LLC                               | CPGX 6.055 08/15/26 144A                                                                                                                 | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $125567.65    | 0.24%             | 2026-08-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Compass Minerals International Inc.                              | CMP 8 07/01/30 144A                                                                                                                      | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124177.92    | 0.23%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave Inc.                                                   | CRWV 9.25 06/01/30 144A                                                                                                                  | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    130000 | PA      | $126315.72    | 0.24%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CNH CAPITAL AUS PTY LTD                                          | CNH Industrial Capital Australia Pty Ltd                                                                                                 | CUSIP: YX0040411<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    800000 | PA      | $550403.53    | 1.04%             | 2027-05-17      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CNH CAPITAL AUS PTY LTD                                          | CNH Industrial Capital Australia Pty Ltd                                                                                                 | CUSIP: YN3225250<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    400000 | PA      | $269429.54    | 0.51%             | 2028-06-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                             | CCL 5.125 05/01/29 144A                                                                                                                  | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    386000 | PA      | $383213.70    | 0.72%             | 2029-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | US T-NOTE 5YR                                                                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -13 | NC      | $14187.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | EURO-SCHATZ FUT   Jun26                                                                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -3 | NC      | $3800.67      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | 3 MONTH SOFR FUT  Dec26                                                                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        10 | NC      | $4312.50      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                              | AUST 3YR BOND FUT Jun26                                                                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -32 | NC      | $11990.33     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                          | STACR 2023-HQA3 M1                                                                                                                       | CUSIP: 35564K3G2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     38375 | PA      | $38551.76     | 0.07%             | 2043-11-25      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                              | Freddie Mac Structured Agency Credit Risk Debt Notes 2024-DNA1 M1                                                                        | CUSIP: 35564NAX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     47897 | PA      | $47889.25     | 0.09%             | 2044-02-25      | Variable      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                              | Freddie Mac Structured Agency Credit Risk Debt Notes 2024-HQA1 M1                                                                        | CUSIP: 35564NBX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     17652 | PA      | $17640.96     | 0.03%             | 2044-03-25      | Variable      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                              | Freddie Mac Structured Agency Credit Risk Debt Notes 2024-HQA2 M2                                                                        | CUSIP: 35564NEC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    155000 | PA      | $155269.41    | 0.29%             | 2044-08-25      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                              | Freddie Mac Structured Agency Credit Risk Debt Notes 2024-DNA3 M2                                                                        | CUSIP: 35564NFA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    199443 | PA      | $199402.73    | 0.38%             | 2044-10-25      | Variable      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                              | Freddie Mac Structured Agency Credit Risk Debt Notes 2025-HQA1 M2                                                                        | CUSIP: 35564NHA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     93136 | PA      | $92788.47     | 0.18%             | 2045-02-27      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                              | Freddie Mac Structured Agency Credit Risk Debt Notes 2025-DNA2 M2                                                                        | CUSIP: 35564NJA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    175912 | PA      | $176076.55    | 0.33%             | 2045-05-25      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                 | GGAM Finance Ltd                                                                                                                         | CUSIP: 36170JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    260000 | PA      | $269842.82    | 0.51%             | 2028-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                      | GLPI 5.3 01/15/29                                                                                                                        | CUSIP: 361841AL3<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151300.95    | 0.29%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                                                      | Gartner Inc                                                                                                                              | CUSIP: 366651AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $275278.05    | 0.52%             | 2028-07-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                           | General Motors Financial Co Inc                                                                                                          | CUSIP: 37045XFL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $494849.59    | 0.93%             | 2028-10-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Protective Industrial Products                                   | Protective Industrial Products Term Loan B 400 2032-01-05                                                                                | CUSIP: 37987UAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    130000 | PA      | $129415.00    | 0.24%             | 2032-05-21      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                                 | Great Wolf Trust 2024-WOLF D                                                                                                             | CUSIP: 39152MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $249732.93    | 0.47%             | 2039-03-15      | Variable      | 6.56%                 | Yes           |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                      | Hertz Vehicle Financing LLC 2025-5A B                                                                                                    | CUSIP: 42806MDM8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $737666.42    | 1.39%             | 2030-05-25      | Fixed         | 4.87%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                     | HESM 6.5 06/01/29 144A                                                                                                                   | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     89000 | PA      | $90915.74     | 0.17%             | 2029-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                         | Connecticut Avenue Securities Trust 2022-R03 1B2                                                                                         | CUSIP: 20753XAJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14000 | PA      | $15000.93     | 0.03%             | 2042-03-25      | Variable      | 13.51%                | Yes           |                  2 | On Loan: No      |
| Verde Purchaser LLC                                              | VRTV 10.5 11/30/30 144A                                                                                                                  | CUSIP: 92339LAA0<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | DBT              | CORP              | US        |    170000 | PA      | $176672.16    | 0.33%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                                         | Vertiv Group Corp                                                                                                                        | CUSIP: 92535UAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $93553.81     | 0.18%             | 2028-11-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                           | VICI Properties LP / Vici Note Co Inc                                                                                                    | CUSIP: 92564RAH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $149824.66    | 0.28%             | 2026-09-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SCIH Salt Holdings Inc.                                          | MORTON 6.625 05/01/29 144A                                                                                                               | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    127000 | PA      | $126365.00    | 0.24%             | 2029-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| SEB FUNDING LLC                                                  | SEB4P 2026-1A A2                                                                                                                         | CUSIP: 78433DAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    106000 | PA      | $105347.66    | 0.20%             | 2056-01-30      | Fixed         | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Solventum Corp.                                                  | SOLV 5.4 03/01/29                                                                                                                        | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    396000 | PA      | $405101.34    | 0.77%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                                                | Seagate Data Storage Technology Pte Ltd                                                                                                  | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    230000 | PA      | $255623.84    | 0.48%             | 2032-12-01      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                     | HESM 5.875 03/01/28 144A                                                                                                                 | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    344000 | PA      | $346207.10    | 0.65%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                     | HESM 5.125 06/15/28 144A                                                                                                                 | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    383000 | PA      | $381874.55    | 0.72%             | 2028-06-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Sell EUR / Buy USD                                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $3865.98      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Sell GBP / Buy USD                                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $28966.34     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Sell AUD / Buy USD                                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-403280.20   | -0.76%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Sell NZD / Buy USD                                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $142.41       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust                              | HOF 2025-RRTL2 A1                                                                                                                        | CUSIP: 437923AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    107000 | PA      | $107101.18    | 0.20%             | 2040-09-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                            | HUB International Ltd                                                                                                                    | CUSIP: 44332PAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $254990.75    | 0.48%             | 2032-01-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| HUMANA INC                                                       | HUMANA INC                                                                                                                               | CUSIP: 44486JD14<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    950000 | PA      | $949895.69    | 1.79%             | 2026-04-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Inspired Education Group                                         | Inspired Education Group Term Loan B 275 2031-02-01                                                                                      | CUSIP: G4800AAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    120192 | PA      | $119817.31    | 0.23%             | 2031-02-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                 | GGAM Finance Ltd                                                                                                                         | CUSIP: 36170JAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     16000 | PA      | $15941.52     | 0.03%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                             | Garda World Security Corp                                                                                                                | CUSIP: 36485MAL3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    130000 | PA      | $123737.17    | 0.23%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Sell USD / Buy AUD                                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $817.40       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Sell NZD / Buy USD                                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $198.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                           | General Motors Financial Co Inc                                                                                                          | CUSIP: ZM9440466<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $145760.15    | 0.28%             | 2026-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                              | Sell USD / Buy AUD                                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-3726.34     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Sell USD / Buy AUD                                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1369.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Sell USD / Buy AUD                                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1076.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Sell USD / Buy AUD                                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-81454.30    | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Sell USD / Buy AUD                                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-2166.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bread Financial Holdings Inc                                     | BFH 6.75 05/15/31 144A                                                                                                                   | CUSIP: 018581AR9<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173643.24    | 0.33%             | 2031-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST 2024-PMDW                                              | BPR 2024-PMDW D                                                                                                                          | CUSIP: 05592VAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    457000 | PA      | $454295.05    | 0.86%             | 2041-11-05      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                          | BAH 3.875 09/01/28 144A                                                                                                                  | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    526000 | PA      | $512309.82    | 0.97%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Burford Capital Global Finance LLC                               | BURLN 6.875 04/15/30 144A                                                                                                                | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    200000 | PA      | $176534.00    | 0.33%             | 2030-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2023-R06 1M1                                                                                                                         | CUSIP: 20754EAA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59741 | PA      | $59873.81     | 0.11%             | 2043-07-27      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Connecticut Avenue Securities Trust 2022-R07 1B2                                                                                         | CUSIP: 20754MAL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     50000 | PA      | $56072.21     | 0.11%             | 2042-06-25      | Variable      | 15.66%                | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Connecticut Avenue Securities Trust 2024-R04 1M2                                                                                         | CUSIP: 20753GAC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    203137 | PA      | $202883.08    | 0.38%             | 2044-05-25      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked N                                   | Ally Bank Auto Credit-Linked Notes 2024-B C                                                                                              | CUSIP: 02007G4D2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    127559 | PA      | $128253.08    | 0.24%             | 2032-09-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked N                                   | Ally Bank Auto Credit-Linked Notes 2024-A B                                                                                              | CUSIP: 02007GZ55<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    103517 | PA      | $104868.99    | 0.20%             | 2032-05-17      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| AUTONATION INC                                                   | AUTONATION INC                                                                                                                           | CUSIP: 05330ND14<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    250000 | PA      | $249971.18    | 0.47%             | 2026-04-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                           | Aviation Capital Group LLC                                                                                                               | CUSIP: 05369AAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $197621.48    | 0.37%             | 2026-09-20      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue                                    | Connecticut Avenue Securities Trust 2022-R04 1B2                                                                                         | CUSIP: 20753YAL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10000 | PA      | $10736.98     | 0.02%             | 2042-03-25      | Variable      | 13.16%                | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Connecticut Avenue Securities Trust 2024-R02 1M1                                                                                         | CUSIP: 20754GAA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14056 | PA      | $14046.99     | 0.03%             | 2044-02-25      | Variable      | 4.76%                 | Yes           |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                           | Bank of New York Mellon Corp/The                                                                                                         | CUSIP: 064058AS9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    261000 | PA      | $255599.88    | 0.48%             | 2099-12-31      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                       | BFLD Trust 2025-5MW D                                                                                                                    | CUSIP: 088921AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $152015.61    | 0.29%             | 2042-10-10      | Variable      | 6.37%                 | Yes           |                  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        |    107000 | PA      | $108904.28    | 0.21%             | 2031-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO                                                        | Boeing Co/The                                                                                                                            | CUSIP: 097023DP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $254316.23    | 0.48%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Connecticut Avenue Securities Trust 2025-R02 1M2                                                                                         | CUSIP: 20754TAD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59000 | PA      | $58889.38     | 0.11%             | 2045-02-27      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Connecticut Avenue Securities Trust 2025-R03 2M2                                                                                         | CUSIP: 20754VAC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     57000 | PA      | $57480.12     | 0.11%             | 2045-03-27      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Connecticut Avenue Securities Trust 2025-R01 1M2                                                                                         | CUSIP: 20755JAC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $497812.50    | 0.94%             | 2045-01-25      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Connecticut Avenue Securities Trust 2025-R01 1B1                                                                                         | CUSIP: 20755JAG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    172795 | PA      | $172448.41    | 0.33%             | 2045-01-25      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                | CMPDC 2025-1A A1                                                                                                                         | CUSIP: 20469CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $249969.19    | 0.47%             | 2050-05-25      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                            | CAS 2022-R05 2M1                                                                                                                         | CUSIP: 20754DAA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4907 | PA      | $4913.21      | 0.01%             | 2042-04-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Buy Protection on CDX HY CDSI S45 5Y.Dec.2030                                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   -792000 | OU      | $-41707.96    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Swap/21/10/2027/P:GBP/SONIA/1D /R:GBP 3.62400                                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1000000 | OU      | $-12983.39    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Swap/06/11/2027/P:GBP/SONIA/1D /R:GBP 3.55130                                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1000000 | OU      | $-14816.88    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Connecticut Avenue Securities Trust 2025-R04 1M2                                                                                         | CUSIP: 20755TAC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    112200 | PA      | $112045.46    | 0.21%             | 2045-05-25      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Connecticut Avenue Securities Trust 2024-R03 2M2                                                                                         | CUSIP: 207941AB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    804000 | PA      | $805256.25    | 1.52%             | 2044-03-25      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST                              | CAS 2021-R01 1M2                                                                                                                         | CUSIP: 20754RAB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     70289 | PA      | $70394.70     | 0.13%             | 2041-10-25      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Crowdstrike Holdings Inc                                         | CRWD 3 02/15/29                                                                                                                          | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |    182000 | PA      | $173123.30    | 0.33%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                              | Freddie Mac Structured Agency Credit Risk Debt Notes 2022-DNA6 M1A                                                                       | CUSIP: 35564KH36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     16224 | PA      | $16272.47     | 0.03%             | 2042-09-25      | Variable      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                              | Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA7 M1                                                                        | CUSIP: 35564KMA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2648 | PA      | $2644.91      | 0.00%             | 2041-11-25      | Variable      | 4.51%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Swap/21/11/2027/P:USD 3.36500 /R:USD/SOFR/1D                                                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   2700000 | OU      | $13204.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Swap/03/12/2027/P:GBP/SONIA/1D /R:GBP 3.50010                                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |    100000 | OU      | $-1642.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                            | DB Master Finance LLC 2021-1A A2I                                                                                                        | CUSIP: 233046AN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    119688 | PA      | $117764.77    | 0.22%             | 2051-11-20      | Fixed         | 2.04%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                            | DNKN 2021-1A A2II                                                                                                                        | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |     47875 | PA      | $44892.19     | 0.08%             | 2051-11-20      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| DBGS Mortgage Trust                                              | DBGS 2021-W52 C                                                                                                                          | CUSIP: 23308LAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98394.92     | 0.19%             | 2039-10-15      | Variable      | 6.24%                 | Yes           |                  2 | On Loan: No      |
| DT Midstream Inc                                                 | DTMINC 4.125 06/15/29 144A                                                                                                               | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $127264.85    | 0.24%             | 2029-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                              | Swap/27/02/2028/P:GBP/SONIA/1D /R:GBP 3.40050                                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1000000 | OU      | $-20637.42    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Swap/27/02/2028/P:GBP/SONIA/1D /R:GBP 3.35420                                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1000000 | OU      | $-21740.73    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                              | Swap/06/03/2028/P:GBP 3.81980 /R:GBP/SONIA/1D                                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   2100000 | OU      | $22491.87     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ESAB CORP                                                        | ESAB Corp                                                                                                                                | CUSIP: 29605JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $253724.75    | 0.48%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ESAB CORP                                                        | ESAB Corp                                                                                                                                | CUSIP: 29605JAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     83000 | PA      | $83581.83     | 0.16%             | 2031-04-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                                              | Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA7 B2                                                                        | CUSIP: 35564KNE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     50000 | PA      | $52086.11     | 0.10%             | 2041-11-25      | Variable      | 11.46%                | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2022-DNA7                          | STACR 2022-DNA3 M1B                                                                                                                      | CUSIP: 35564KUX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    114360 | PA      | $116345.32    | 0.22%             | 2042-04-25      | Variable      | 6.56%                 | Yes           |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                               | F&G Global Funding                                                                                                                       | CUSIP: 30321L2K7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     93000 | PA      | $91831.41     | 0.17%             | 2028-09-08      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| FREMF 2023-K511 MORTGAGE TRUST                                   | FREMF 2023-K511 C                                                                                                                        | CUSIP: 30334FAG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    125000 | PA      | $117441.19    | 0.22%             | 2028-11-25      | Variable      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| ITT Holdings LLC                                                 | INTMAT 6.5 08/01/29 144A                                                                                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    380000 | PA      | $369488.52    | 0.70%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                          | Jane Street Group / JSG Finance Inc                                                                                                      | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    361000 | PA      | $349884.05    | 0.66%             | 2029-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                         | Ford Motor Credit Co LLC                                                                                                                 | CUSIP: 345397C35<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $516023.70    | 0.97%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                         | Ford Motor Credit Co LLC                                                                                                                 | CUSIP: 345397D83<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $377068.13    | 0.71%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                         | Ford Motor Credit Co LLC                                                                                                                 | CUSIP: 345397G72<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $202534.86    | 0.38%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                          | Australia & New Zealand Banking Group Ltd                                                                                                | CUSIP: YS4857233<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |   1500000 | PA      | $1018348.62   | 1.92%             | 2035-01-15      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| tvc mortgage trust                                               | TVC Mortgage Trust 2026-RRTL1 A2                                                                                                         | CUSIP: 87306XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $199224.58    | 0.38%             | 2041-02-25      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Vertical Bridge CC, LLC                                          | VB-S1 Issuer LLC 2025-1A B                                                                                                               | CUSIP: 92535VAS1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $248738.90    | 0.47%             | 2055-08-16      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| AVANTI FINANCE LTD                                               | Avanti Finance Ltd                                                                                                                       | CUSIP: YX6983929<br>LEI: N/A                  | Long             | DBT              | CORP              | NZ        |    400000 | PA      | $278714.22    | 0.53%             | 2028-09-14      | Variable      | 9.02%                 | No            |                  2 | On Loan: No      |
| Credabl Trust                                                    | Credabl Trust 2024-1 A                                                                                                                   | CUSIP: BCC3H6DP3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |    284783 | PA      | $197237.82    | 0.37%             | 2045-05-11      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                         | JANEST 7.125 04/30/31 144A                                                                                                               | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87376.26     | 0.17%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| KB HOME                                                          | KB Home                                                                                                                                  | CUSIP: 48666KAX7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    123000 | PA      | $124126.80    | 0.23%             | 2027-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                               | VICI Properties LP                                                                                                                       | CUSIP: 925650AJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $350356.40    | 0.66%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Victra Holdings LLC / Victra Finance Corp.                       | VICTRA 8.75 09/15/29 144A                                                                                                                | CUSIP: 92648DAA4<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124542.96    | 0.24%             | 2029-09-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Credabl Trust                                                    | Credabl Trust 2024-1 C                                                                                                                   | CUSIP: BCC3H6DR9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |    490235 | PA      | $339785.49    | 0.64%             | 2045-05-11      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| AZURIA WATER SOLUTN INC                                          | Azuria Water Solutions Inc                                                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     15294 | PA      | $15122.06     | 0.03%             | 2033-01-27      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| AZURIA WATER SOLUTN INC                                          | Azuria Water Solutions Inc                                                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    114706 | PA      | $113415.44    | 0.21%             | 2033-01-27      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Allegany Park CLO, Ltd.                                          | Allegany Park CLO Ltd 2019-1A ARR                                                                                                        | CUSIP: 017154AU9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    484000 | PA      | $483302.46    | 0.91%             | 2035-01-22      | Variable      | 4.77%                 | Yes           |                  2 | On Loan: No      |
| Wendys Funding Llc                                               | WEN 2022-1A A2I                                                                                                                          | CUSIP: 95058XAM0<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    250250 | PA      | $244431.35    | 0.46%             | 2052-03-15      | Fixed         | 4.24%                 | Yes           |                  2 | On Loan: No      |
| WESTERN UNION CO/THE                                             | Western Union Co/The                                                                                                                     | CUSIP: 959802BB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $128842.09    | 0.24%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Kohl's Corp.                                                     | KSS 10 06/01/30 144A                                                                                                                     | CUSIP: 500255AY0<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    250000 | PA      | $264355.50    | 0.50%             | 2030-06-01      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| LGI Homes Inc                                                    | LGIH 4 07/15/29 144A                                                                                                                     | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    140000 | PA      | $124695.55    | 0.24%             | 2029-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                                           | Canyon Capital CLO Ltd 2019-2A BR2                                                                                                       | CUSIP: 13887WAU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $499281.00    | 0.94%             | 2034-10-16      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                         | Delta Air Lines Inc / SkyMiles IP Ltd                                                                                                    | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    297000 | PA      | $296571.03    | 0.56%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                         | American Airlines Inc / AAdvantage Loyalty IP Ltd                                                                                        | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     33333 | PA      | $33346.00     | 0.06%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Westgate Resorts                                                 | WESTR 2026-1A C                                                                                                                          | CUSIP: 959921AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250259.15    | 0.47%             | 2039-10-20      | Fixed         | 6.08%                 | Yes           |                  2 | On Loan: No      |
| White Cap                                                        | White Cap Term Loan B (Incremental) 350 2033-01-31                                                                                       | CUSIP: 96350TAK6<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    258237 | PA      | $245110.36    | 0.46%             | 2033-02-10      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance LL                                   | Wingspire Equipment Finance LLC 2024-1A D                                                                                                | CUSIP: 97415AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $405127.68    | 0.77%             | 2032-09-20      | Fixed         | 6.31%                 | Yes           |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                             | Westpac Banking Corp                                                                                                                     | CUSIP: YR2726606<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    500000 | PA      | $337718.15    | 0.64%             | 2035-02-12      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                         | American Airlines Inc / AAdvantage Loyalty IP Ltd                                                                                        | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    250000 | PA      | $248632.58    | 0.47%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| AGGREKO HOLDINGS INC                                             | Aggreko Holdings Inc                                                                                                                     | CUSIP: 01330EAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     91000 | PA      | $90858.04     | 0.17%             | 2031-05-21      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                             | Westpac Banking Corp                                                                                                                     | CUSIP: ZD9978663<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |   1200000 | PA      | $843592.47    | 1.59%             | 2034-04-03      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN FIN SERV NV                                           | Volkswagen Financial Services NV                                                                                                         | CUSIP: ZI8627740<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1343909.23   | 2.54%             | 2027-09-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                    | LGI Homes Inc                                                                                                                            | CUSIP: 50187TAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $117660.18    | 0.22%             | 2028-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                | LPLA 5.7 05/20/27                                                                                                                        | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252308.64    | 0.48%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                         | Allison Transmission Inc                                                                                                                 | CUSIP: 019736AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    187000 | PA      | $185840.84    | 0.35%             | 2027-10-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                                   | Amazon.com Inc                                                                                                                           | CUSIP: 023135DD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    756000 | PA      | $750428.02    | 1.42%             | 2031-03-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                | LPLA 4.9 04/03/28                                                                                                                        | CUSIP: 50212YAN4<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45133.61     | 0.09%             | 2028-04-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LEIA FINCO US LLC                                                | Leia Finco US LLC                                                                                                                        | CUSIP: 52526CAB5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |     47988 | PA      | $45834.39     | 0.09%             | 2031-10-09      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| Apld Computeco 2 LLC                                             | PFORGE 6.75 03/15/31 144A                                                                                                                | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    132000 | PA      | $131038.92    | 0.25%             | 2031-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Asurion LLC / Asurion Co-Issuer Inc.                             | ASUCOR 8 12/31/32 144A                                                                                                                   | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259362.00    | 0.49%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                          | LVLT 3.75 07/15/29 144A                                                                                                                  | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    140000 | PA      | $129850.00    | 0.25%             | 2029-07-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| LEX 2024-BBG MORTGAGE TRUST                                      | LEX 2024-BBG A                                                                                                                           | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $249212.12    | 0.47%             | 2033-10-13      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                            | Athene Global Funding                                                                                                                    | CUSIP: 04685A2V2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    252000 | PA      | $239974.33    | 0.45%             | 2028-03-24      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                   | ATWALD 6.05 01/15/28                                                                                                                     | CUSIP: 049463AD4<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506716.53    | 0.96%             | 2028-01-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                   | ATWALD 6.25 01/15/30                                                                                                                     | CUSIP: 049463AE2<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257110.54    | 0.49%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                   | ATWALD 4.625 11/15/28                                                                                                                    | CUSIP: 049463AF9<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    270000 | PA      | $265914.08    | 0.50%             | 2028-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| LIBERTY UTILITIES CO                                             | Liberty Utilities Co                                                                                                                     | CUSIP: 531542AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    605000 | PA      | $616753.87    | 1.17%             | 2029-01-31      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                         | Live Nation Entertainment Inc                                                                                                            | CUSIP: 538034AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    188000 | PA      | $188239.14    | 0.36%             | 2027-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| The Huntington National Bank                                     | The Huntington National Bank 2025-1 C                                                                                                    | CUSIP: 446438SZ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    162679 | PA      | $162134.50    | 0.31%             | 2033-03-21      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| 72176255                                                         | SWCH Commercial Mortgage Trust 2025-DATA A                                                                                               | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $246682.49    | 0.47%             | 2042-03-17      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Long Ridge Energy LLC                                            | LONRID 8.75 02/15/32 144A                                                                                                                | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |    120000 | PA      | $125893.56    | 0.24%             | 2032-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LIBERTY FINANCIAL PTY                                            | Liberty Financial Pty Ltd                                                                                                                | CUSIP: ZL4400103<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    800000 | PA      | $577211.84    | 1.09%             | 2028-03-16      | Variable      | 7.97%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                 | HACLN 2024-1 B1                                                                                                                          | CUSIP: 44644NAA7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |     94344 | PA      | $95496.89     | 0.18%             | 2032-05-20      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| The Huntington National Bank                                     | The Huntington National Bank 2024-2 C                                                                                                    | CUSIP: 44644NAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300084 | PA      | $300920.99    | 0.57%             | 2032-10-20      | Variable      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                              | United Airlines Inc                                                                                                                      | CUSIP: 90932LAH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $98112.39     | 0.19%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS                                            | Universal Health Services Inc                                                                                                            | CUSIP: 913903AZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    825000 | PA      | $815141.99    | 1.54%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| MKT 2020-525M Mortgage Trust                                     | MKT Mortgage Trust 2020-525M A                                                                                                           | CUSIP: 55316PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $225484.52    | 0.43%             | 2040-02-12      | Fixed         | 2.69%                 | Yes           |                  2 | On Loan: No      |
| MSCI Inc.                                                        | MSCI 4 11/15/29 144A                                                                                                                     | CUSIP: 55354GAH3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    615000 | PA      | $597355.06    | 1.13%             | 2029-11-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| AB BSL CLO                                                       | AB Bsl CLO 1 Ltd 2025-7A A1                                                                                                              | CUSIP: 00039FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $249827.00    | 0.47%             | 2039-01-17      | Variable      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| UK Logisitics                                                    | UK Logistics 2024-1A B                                                                                                                   | CUSIP: BCC3FL0F8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |    201264 | PA      | $265657.72    | 0.50%             | 2034-05-17      | Floating      | 6.41%                 | Yes           |                  2 | On Loan: No      |
| MATTEL INC                                                       | Mattel Inc                                                                                                                               | CUSIP: 577081BF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $348159.50    | 0.66%             | 2029-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MATTEL INC                                                       | Mattel Inc                                                                                                                               | CUSIP: 577081BG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    163000 | PA      | $161995.76    | 0.31%             | 2030-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                         | Lloyds Banking Group PLC                                                                                                                 | CUSIP: ZD3378530<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    130000 | PA      | $90903.15     | 0.17%             | 2030-03-06      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Liberty Funding Pty Limited                                      | Liberty Funding Pty Ltd 2024-1A A                                                                                                        | CUSIP: BCC3G7993<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |    191748 | PA      | $132539.79    | 0.25%             | 2032-05-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| JUDO BANK PTY LTD                                                | Judo Bank Pty Ltd                                                                                                                        | CUSIP: YU4919681<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    240000 | PA      | $171792.78    | 0.32%             | 2034-10-23      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| Millrose Properties Inc.                                         | MRP 6.375 08/01/30 144A                                                                                                                  | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    233000 | PA      | $232927.51    | 0.44%             | 2030-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Mohegan Escrow Issuer LLC                                        | MOHEGN 11.875 04/15/31 144A                                                                                                              | CUSIP: 60832QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $125012.04    | 0.24%             | 2031-04-15      | Fixed         | 11.88%                | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG Energy Inc                                                                                                                           | CUSIP: 629377CP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    553000 | PA      | $532685.66    | 1.01%             | 2027-12-02      | Fixed         | 2.45%                 | Yes           |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust                                         | NRTH PARK Mortgage Trust 2025-PARK B                                                                                                     | CUSIP: 669985AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $498754.51    | 0.94%             | 2040-10-15      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | OneMain Finance Corp                                                                                                                     | CUSIP: 682691AG5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    321000 | PA      | $318045.74    | 0.60%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg                                   | Saluda Grade Alternative Mortgage Trust 2024-RTL4 A2                                                                                     | CUSIP: 79584CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99529.55     | 0.19%             | 2030-02-25      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.                                    | FUN 7.25 05/15/31 144A                                                                                                                   | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    130000 | PA      | $125165.98    | 0.24%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| STELLANTIS FINANCIAL SER                                         | Stellantis Financial Services US Corp                                                                                                    | CUSIP: 85855FAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    294000 | PA      | $292382.73    | 0.55%             | 2028-09-15      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                               | Subway Funding LLC 2024-1A A2I                                                                                                           | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    266625 | PA      | $267616.21    | 0.51%             | 2054-07-30      | Fixed         | 6.03%                 | Yes           |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                               | Subway Funding LLC 2024-3A A2I                                                                                                           | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    226138 | PA      | $221492.63    | 0.42%             | 2054-07-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                        | SUN 5.625 03/15/31 144A                                                                                                                  | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    193000 | PA      | $192114.77    | 0.36%             | 2031-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC 2024-1                                     | SWTCH 2026-1A A21                                                                                                                        | CUSIP: 871044BA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200363.13    | 0.38%             | 2056-03-27      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                            | BELL 2018-1A A2II                                                                                                                        | CUSIP: 87342RAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    793039 | PA      | $789570.99    | 1.49%             | 2048-11-25      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                            | BELL 2021-1A A2II                                                                                                                        | CUSIP: 87342RAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67792 | PA      | $62696.27     | 0.12%             | 2051-08-25      | Fixed         | 2.29%                 | Yes           |                  2 | On Loan: No      |
| Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp. | TEP 7.375 02/15/29 144A                                                                                                                  | CUSIP: 87470LAL5<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |    226000 | PA      | $232494.56    | 0.44%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                  | TMHC 5.75 01/15/28 144A                                                                                                                  | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    126000 | PA      | $126325.46    | 0.24%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| TRINITY INDUSTRIES INC                                           | Trinity Industries Inc                                                                                                                   | CUSIP: 896522AJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    477000 | PA      | $488941.22    | 0.92%             | 2028-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| SUNCORP GROUP LTD                                                | Suncorp Group Ltd                                                                                                                        | CUSIP: ZL2051692<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    500000 | PA      | $356049.53    | 0.67%             | 2038-12-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                               | Macquarie Bank Ltd                                                                                                                       | CUSIP: ZD2037111<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    290000 | PA      | $203156.03    | 0.38%             | 2034-03-01      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Now Trust                                                        | Now Trust 2024-1 A                                                                                                                       | CUSIP: BCC3FTNQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |    176224 | PA      | $122017.34    | 0.23%             | 2032-06-14      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| METRO Finance Trust                                              | METRO Finance Trust 2024-1 A                                                                                                             | CUSIP: BCC3H5JS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |    270328 | PA      | $187067.19    | 0.35%             | 2030-09-17      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| NEWCASTLE GTR MUTL GRP                                           | Newcastle Greater Mutual Group Ltd                                                                                                       | CUSIP: YS4854420<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    240000 | PA      | $166028.28    | 0.31%             | 2030-01-21      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Now Trust                                                        | Now Trust 2025-1 A                                                                                                                       | CUSIP: BCC3L1ZR1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |    310960 | PA      | $214525.81    | 0.41%             | 2034-02-14      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                                         | Macquarie Airfinance Holdings Ltd                                                                                                        | CUSIP: 55609NAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    250000 | PA      | $250901.15    | 0.47%             | 2028-03-27      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                         | Madison Park Funding Ltd 2020-45A BRR                                                                                                    | CUSIP: 55820BAU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $249850.40    | 0.47%             | 2034-07-17      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Maxam Prill S.a r.l.                                             | MXPRLL 7.75 07/15/30 144A                                                                                                                | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $203272.60    | 0.38%             | 2030-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                         | Neuberger Berman CLO Ltd 2021-44A BR                                                                                                     | CUSIP: 64133VAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $499893.55    | 0.94%             | 2035-10-16      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                 | TEVA 3.15 10/01/26                                                                                                                       | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    275000 | PA      | $272266.17    | 0.51%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                          | Teva Pharmaceutical Finance Netherlands III BV                                                                                           | CUSIP: 88167AAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    490000 | PA      | $502205.90    | 0.95%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| New Zealand Dollar Cash Balance                                  | New Zealand Dollar Cash Balance                                                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | NZ        |     83056 | OU      | $83055.65     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Australia Dollar Cash Balance                                    | Australia Dollar Cash Balance                                                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AU        |    176154 | OU      | $176153.75    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Canada Dollar Cash Balance                                       | Canada Dollar Cash Balance                                                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CA        |     19013 | OU      | $19013.48     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Euro Member Countries Cash Balance                               | Euro Member Countries Cash Balance                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |     24688 | OU      | $24688.49     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United Kingdom Pound Cash Balance                                | United Kingdom Pound Cash Balance                                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |      1917 | OU      | $1917.18      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-15

**Name of Applicant:** JANUS INVESTMENT FUND

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

**Title:** VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER