# EDGAR Filing Document

**Accession Number:** 0001762332
**File Stem:** 0002048251-25-000224
**Filing Date:** 2025-9
**Character Count:** 166763
**Document Hash:** 1ec1fee8ceaddaf85edcf16b312fcd68
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-000224.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0002048251-25-000224

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Frost Family of Funds
- **CENTRAL INDEX KEY:** 0001762332

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23410
- **FILM NUMBER:** 251347174

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** (610) 676-1000

**MAIL ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

## Series and Classes Contracts Data

### FROST TOTAL RETURN BOND FUND (Series ID: S000065046)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000210585 | A Class Shares             | FAJEX           |
| C000210586 | Institutional Class Shares | FIJEX           |
| C000210587 | Investor Class Shares      | FATRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Frost Family of Funds

- **b. Investment Company Act file number:** 811-23410

- **c. CIK number of Registrant:** 0001762332

- **d. LEI of Registrant:** 00000000000000000000

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

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

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

- **a. Name of Series:** Frost Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000065046

- **c. LEI of Series:** 5493003W0I0MNZ4A3J35

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $3877662570.74

**Total Liabilities:** $34661229.96

**Net Assets:** $3843001340.78

**Cash Not Reported:** $1456.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -6288.50269074 | **1-Year:** -107629.82682917 | **5-Year:** -199812.95087599 | **10-Year:** -270994.68556202 | **30-Year:** -121221.35935949

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

- **3-Month:** -5993.68700875 | **1-Year:** -81499.49594033 | **5-Year:** -165064.61695159 | **10-Year:** -158195.21251808 | **30-Year:** -31566.13785601

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210586 | -0.05%               | 1.23%                | -0.40%               |
| Class ID C000210587 | -0.07%               | 1.31%                | -0.52%               |
| Class ID C000210585 | -2.59%               | -1.26%               | -2.93%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4037023.41              | $-23458101.66                              |
| Month 2  | $-973014.40              | $30090642.64                               |
| Month 3  | $-1198.31                | $-32389391.63                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ANGEL OAK MORTGAGE TRUST                                                     | ANGEL OAK MORTGAGE TRUST 2021-4 AOMT 2021-4 A3                                    | CUSIP: 03464EAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1672977 | PA      | $1403139.88   | 0.04%             | 2065-01-20      | Floating      | 1.45%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                   | GINNIE MAE II POOL G2 MA9953                                                      | CUSIP: 36180ABW2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   4141019 | PA      | $4167838.51   | 0.11%             | 2054-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                                          | COMM 2014-UBS6 MORTGAGE TRUST COMM 2014-UBS6 C                                    | CUSIP: 12592PBL6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1699039 | PA      | $1673552.97   | 0.04%             | 2047-12-10      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| COMERICA BANK                                                                | COMERICA BANK 7.875000% 09/15/2026                                                | CUSIP: 200339AJ8<br>LEI: 70WY0ID1N53Q4254VH70 | Long             | DBT              | CORP              | US        |  10090000 | PA      | $10410978.94  | 0.27%             | 2026-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE POOL FN BC9003                                                         | CUSIP: 3140F5AD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   3285537 | PA      | $2893816.99   | 0.08%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE POOL FN BM3279                                                         | CUSIP: 3140J7UD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   2503463 | PA      | $2567658.47   | 0.07%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                                          | COMM 2014-LC15 MORTGAGE TRUST COMM 2014-LC15 D                                    | CUSIP: 12591TAQ9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3039251 | PA      | $2980897.46   | 0.08%             | 2047-04-10      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-151 JA                          | CUSIP: 38384WER2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  16609598 | PA      | $16368173.76  | 0.43%             | 2053-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| THE BOEING COMPANY                                                           | BOEING CO/THE 5.930000% 05/01/2060                                                | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14351549.55  | 0.37%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE REMICS FNR 2013-104 TI                                                 | CUSIP: 3136AGSR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    397235 | PA      | $11897.15     | 0.00%             | 2032-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                   | GINNIE MAE II POOL G2 MB0191                                                      | CUSIP: 3618N5F95<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  23356542 | PA      | $22689010.39  | 0.59%             | 2055-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-105 DF                          | CUSIP: 38381NCE6<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  49953889 | PA      | $50224449.61  | 1.31%             | 2055-06-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                                                     | BENCHMARK 2020-B21 MORTGAGE TRUST BMARK 2020-B21 D                                | CUSIP: 08163LBC2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  13000000 | PA      | $8983289.90   | 0.23%             | 2053-12-17      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| USAFA VISITORS CTR BUSINESS IMPT DIST COLO SPL REV                           | USAFA VISITORS CTR BUSINESS IM USAFA VISITOR'S CENTER BUSINESS IMPROVEMENT DISTRI | CUSIP: 917305AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12870000 | PA      | $12523842.05  | 0.33%             | 2042-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                                          | GS MORTGAGE-BACKED SECURITIES TRUST 2024-PJ3 GSMBS 2024-PJ3 B2                    | CUSIP: 36269TBU9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4875677 | PA      | $4822475.23   | 0.13%             | 2054-08-25      | Floating      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| U.S. BANCORP                                                                 | US BANCORP 3.700000% MATURITY: PERPETUAL                                          | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   3273000 | PA      | $3146504.77   | 0.08%             | 2174-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST                                                          | RCKT MORTGAGE TRUST 2025-1 RCKT 2025-1 A1                                         | CUSIP: 749431AA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4732276 | PA      | $4756808.02   | 0.12%             | 2055-03-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| PRET LLC                                                                     | PRET 2025-NPL2 LLC PRET 2025-NPL2 A1                                              | CUSIP: 69392JAA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4808670 | PA      | $4786806.84   | 0.12%             | 2055-03-25      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| CARNOW AUTO RECEIVABLES TRUST                                                | CARNOW AUTO RECEIVABLES TRUST 2023-1 CNART 2023-1A E                              | CUSIP: 14367RAJ7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $2381158.50   | 0.06%             | 2029-04-16      | Fixed         | 12.04%                | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC POOL FR SD6571                                                        | CUSIP: 3132DUJQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  28824888 | PA      | $28705235.66  | 0.75%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 3996 QL                                                    | CUSIP: 3137ALV89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   4639390 | PA      | $4463857.93   | 0.12%             | 2042-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHASE HOME LENDING MORTGAGE TRUST                                            | CHASE HOME LENDING MORTGAGE TRUST SERIES 2025-2 CHASE 2025-2 A5                   | CUSIP: 16159VAG1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  15000000 | PA      | $14919121.50  | 0.39%             | 2055-12-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                 | BARCLAYS PLC 8.000000% MATURITY: PERPETUAL                                        | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | NUSS              | GB        |  30250000 | PA      | $32060220.50  | 0.83%             | 2173-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 4134 BI                                                    | CUSIP: 3137AVZX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    960657 | PA      | $17378.00     | 0.00%             | 2027-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                                        | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C34 WFCM 2016-C34 B                    | CUSIP: 95000DBJ9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $4803333.50   | 0.12%             | 2049-06-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| CAL FUNDING LIMITED                                                          | CAL FUNDING IV LTD CAI 2020-1A B                                                  | CUSIP: 12807CAC7<br>LEI: N/A                  | Long             | ABS-MBS          |  | BM        |    998042 | PA      | $946481.54    | 0.02%             | 2045-09-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 4106 YI                                                    | CUSIP: 3137AU2M0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    342622 | PA      | $6172.33      | 0.00%             | 2027-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MISSION TEX ECONOMIC DEV CORP PWR PUR AGREEMENT REV                          | MISSION TX ECON DEV CORP PWR P MISSION ECONOMIC DEVELOPMENT CORP                  | CUSIP: 605147AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $21250.00     | 0.00%             | 2021-12-01      | Fixed         | 8.55%                 | No            |                  3 | On Loan: No      |
| GOLUB CAPITAL PARTNERS CLO LTD                                               | GOLUB CAPITAL PARTNERS CLO 19B-R LTD GOCAP 2017-19RA B1R2                         | CUSIP: 38178BAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  20000000 | PA      | $20025740.00  | 0.52%             | 2034-04-20      | Floating      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                     | US TREASURY N/B 4.375000% 01/31/2032                                              | CUSIP: 91282CMK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        | 100000000 | PA      | $101507812.00 | 2.64%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST                                                     | OCTANE RECEIVABLES TRUST 2021-2 OCTL 2021-2A B                                    | CUSIP: 67578AAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2093263 | PA      | $2077374.95   | 0.05%             | 2028-09-20      | Fixed         | 2.02%                 | Yes           |                  2 | On Loan: No      |
| PBF HOLDING COMPANY LLC                                                      | PBF HOLDING CO LLC / PBF FINANCE CORP 144A 9.875000% 03/15/2030                   | CUSIP: 69318FAM0<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |  18000000 | PA      | $17841727.80  | 0.46%             | 2030-03-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                 | BX COMMERCIAL MORTGAGE TRUST 2020-VIV3 BX 2020-VIV3 B                             | CUSIP: 05608EAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   8000000 | PA      | $7441047.20   | 0.19%             | 2044-03-09      | Floating      | 3.54%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                                             | DEUTSCHE BANK AG/NEW YORK NY 7.146000% 07/13/2027                                 | CUSIP: 25160PAN7<br>LEI: N/A                  | Long             | DBT              | NUSS              | DE        |   4000000 | PA      | $4088789.00   | 0.11%             | 2027-07-13      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Transjamaican Highway Limited                                                | TRANSJAMAICAN HIGHWAY LTD 144A 5.750000% 10/10/2036                               | CUSIP: 893727AA5<br>LEI: 254900AWJ3QIGYQ04W45 | Long             | DBT              | NUSS              | JM        |   1273982 | PA      | $1178433.35   | 0.03%             | 2036-10-10      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                                                  | FEDERAL HOME LOAN BANK 5.940000% 04/20/2043                                       | CUSIP: 3130AVPU0<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2000000 | PA      | $2000422.62   | 0.05%             | 2043-04-20      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST                                                     | BHG SECURITIZATION TRUST 2022-B BHG 2022-B D                                      | CUSIP: 05553DAD3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5993367 | PA      | $6067144.87   | 0.16%             | 2035-06-18      | Fixed         | 6.69%                 | Yes           |                  2 | On Loan: No      |
| Paratus Energy Services Ltd.                                                 | PARATUS ENERGY SERVICES LTD 9.000000% 07/15/2026                                  | CUSIP: G8000AAH6<br>LEI: 549300XB7T5BX418QX67 | Long             | DBT              | NUSS              | GB        |   2114563 | PA      | $2105047.47   | 0.05%             | 2026-07-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                                                     | BENCHMARK 2020-IG3 MORTGAGE TRUST BMARK 2020-IG3 A4                               | CUSIP: 08162QAE9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  10000000 | PA      | $8632113.00   | 0.22%             | 2048-09-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                          | UKRAINE GOVERNMENT 1.750000% 02/01/2029                                           | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |   1682575 | PA      | $1026370.75   | 0.03%             | 2029-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTERNATIONAL, INC.                                            | CHOICE HOTELS INTERNATIONAL INC 3.700000% 01/15/2031                              | CUSIP: 169905AG1<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2785284.87   | 0.07%             | 2031-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                                  | HOUSTON TX CITY OF HOUSTON TX                                                     | CUSIP: 4423313K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $9908383.20   | 0.26%             | 2047-03-01      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                              | DANSKE BANK A/S 144A 5.705000% 03/01/2030                                         | CUSIP: 23636ABH3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | NUSS              | DK        |   5000000 | PA      | $5174389.25   | 0.13%             | 2030-03-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANKS FUNDING CORPORATION                                | FEDERAL FARM CREDIT BANK 5.490000% 09/22/2042                                     | CUSIP: 3133ENN55<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $994190.35    | 0.03%             | 2042-09-22      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE POOL FN MA5246                                                         | CUSIP: 31418EZL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |  17605630 | PA      | $17533570.33  | 0.46%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KEYBANK NATIONAL ASSOCIATION                                                 | KEYBANK NA/CLEVELAND OH MTN 5.000000% 01/26/2033                                  | CUSIP: 49327M3H5<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4950287.25   | 0.13%             | 2033-01-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST                               | MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 202 MSRM 2024-NQM5 A1              | CUSIP: 61777QAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3649313 | PA      | $3662245.75   | 0.10%             | 2069-10-25      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE INTEREST STRIP FNS 421 C1                                              | CUSIP: 31397VFY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1013391 | PA      | $48409.26     | 0.00%             | 2030-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE POOL FN AI8800                                                         | CUSIP: 3138ANX65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1605122 | PA      | $1584069.22   | 0.04%             | 2041-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2014-32 CI                           | CUSIP: 38378YW62<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1282412 | PA      | $77790.60     | 0.00%             | 2043-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                                 | AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2025- ACAR 2025-3 D                  | CUSIP: 02528EAG3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  10000000 | PA      | $10015263.00  | 0.26%             | 2032-07-12      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| LSTAR COMMERCIAL MORTGAGE TRUST                                              | LSTAR COMMERCIAL MORTGAGE TRUST 2016-4 LNSTR 2016-4 AS                            | CUSIP: 50219QAG9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3000000 | PA      | $2962962.90   | 0.08%             | 2049-03-10      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2020-189 IJ                          | CUSIP: 38382MFX2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  16721120 | PA      | $2209627.45   | 0.06%             | 2050-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE POOL FN FS6356                                                         | CUSIP: 3140XNB29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |  16188178 | PA      | $15859617.67  | 0.41%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MFA TRUST                                                                    | MFA 2022-INV1 TRUST MFRA 2022-INV1 A3                                             | CUSIP: 55284TAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4000000 | PA      | $3517065.20   | 0.09%             | 2066-04-25      | Floating      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SC FUNDING LIMITED                                                    | GLOBAL SC FINANCE VII SRL SEACO 2020-1A A                                         | CUSIP: 37959PAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | BB        |   1862462 | PA      | $1771660.41   | 0.05%             | 2040-10-17      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                                 | AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2025- ACAR 2025-3 C                  | CUSIP: 02528EAE8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $5005092.00   | 0.13%             | 2032-07-12      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| WALDORF PRODUCTION UK PLC                                                    | WALDORF PRODUCTION UK PLC 13.000000% 09/02/2025                                   | CUSIP: G9470NAA2<br>LEI: 254900FUKD3GJRFOPD65 | Long             | DBT              | NUSS              | US        |  10732998 | PA      | $10411009.99  | 0.27%             | 2025-09-02      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST                                                   | GLS AUTO RECEIVABLES ISSUER TRUST 2024-3 GCAR 2024-3A C                           | CUSIP: 37989AAJ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2250000 | PA      | $2266745.63   | 0.06%             | 2031-02-18      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE                                                    | CAFL 2023-RTL1 ISSUER LLC CAFL 2023-RTL1 A2                                       | CUSIP: 124762AB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  15000000 | PA      | $15156768.00  | 0.39%             | 2030-12-28      | Fixed         | 9.30%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                                   | JP MORGAN MORTGAGE TRUST 2025-1 JPMMT 2025-1 A4                                   | CUSIP: 46658UAE1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  17616813 | PA      | $17718687.38  | 0.46%             | 2055-06-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| JEFFERIES FINANCIAL GROUP INC.                                               | JEFFERIES FINANCIAL GROUP INC MTN 6.000000% 09/16/2036                            | CUSIP: 47233WHA0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   4732000 | PA      | $4703087.91   | 0.12%             | 2036-09-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST                                                          | DT AUTO OWNER TRUST 2021-3 DTAOT 2021-3A D                                        | CUSIP: 23344QAD1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2956340 | PA      | $2919731.02   | 0.08%             | 2027-05-17      | Fixed         | 1.31%                 | Yes           |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                          | BREAN ASSET BACKED SECURITIES TRUST 2023-RM7 BABS 2023-RM7 A1                     | CUSIP: 10638BAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   7255410 | PA      | $7080287.11   | 0.18%             | 2078-03-25      | Floating      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                          | INTESA SANPAOLO SPA MTN 4.000000% 09/23/2029                                      | CUSIP: 46115HBL0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | NUSS              | IT        |   5000000 | PA      | $4861455.50   | 0.13%             | 2029-09-23      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST                                          | CITIGROUP COMMERCIAL MORTGAGE TRUST 2015-GC31 CGCMT 2015-GC31 C                   | CUSIP: 17323YAH2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $993532.50    | 0.03%             | 2048-06-10      | Floating      | 3.81%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                                          | GS MORTGAGE-BACKED SECURITIES TRUST 2025-PJ2 GSMBS 2025-PJ2 A1                    | CUSIP: 362957AA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  27778808 | PA      | $27924201.79  | 0.73%             | 2055-07-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY                                             | PACIFIC GAS AND ELECTRIC CO 3.750000% 08/15/2042                                  | CUSIP: 694308HA8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $3621912.70   | 0.09%             | 2042-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 4675 VE                                                    | CUSIP: 3137BXQ21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2973571 | PA      | $2937999.90   | 0.08%             | 2037-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | RJ OBRIEN FUTURES COLLATERAL                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |     43347 | PA      | $43347.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2021-8 IG                            | CUSIP: 38382MA25<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  22452009 | PA      | $2644548.03   | 0.07%             | 2051-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| IONIC FUNDING LLC                                                            | IONIC FDG LLC MCP SER 1 CL A D 0% CP 08/13/2025                                   | CUSIP: 46221TVD1<br>LEI: 2549003T8ZP164671925 | Long             | ABS-APCP         |  | US        |   2500000 | PA      | $2496002.75   | 0.06%             | 2025-08-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                     | US TREASURY N/B 3.250000% 05/15/2042                                              | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 120000000 | PA      | $98217187.20  | 2.56%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PRET LLC                                                                     | PRET 2025-RPL3 TRUST PRET 2025-RPL3 M2                                            | CUSIP: 69382RAG8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5838200 | PA      | $5070769.78   | 0.13%             | 2065-04-25      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| NORTHWEST TEX INDPT SCH DIST                                                 | NORTHWEST TX INDEP SCH DIST NORTHWEST INDEPENDENT SCHOOL DISTRICT                 | CUSIP: 667826AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1753519.80   | 0.05%             | 2031-02-15      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                                       | SEQUOIA MORTGAGE TRUST 2024-9 SEMT 2024-9 A5                                      | CUSIP: 81749PAE0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   8729692 | PA      | $8714341.39   | 0.23%             | 2054-10-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                   | GINNIE MAE II POOL G2 CZ5436                                                      | CUSIP: 3618GHBD2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2693308 | PA      | $2746388.30   | 0.07%             | 2054-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                                             | DEUTSCHE BANK AG/NEW YORK NY 3.742000% 01/07/2033                                 | CUSIP: 25160PAG2<br>LEI: N/A                  | Long             | DBT              | NUSS              | DE        |   2000000 | PA      | $1805697.52   | 0.05%             | 2033-01-07      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2013-62 NI                           | CUSIP: 38378MPK5<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1123148 | PA      | $31909.43     | 0.00%             | 2040-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHASE HOME LENDING MORTGAGE TRUST                                            | CHASE HOME LENDING MORTGAGE TRUST SERIES 2024-2 CHASE 2024-2 A6                   | CUSIP: 161929AH7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3564326 | PA      | $3587935.65   | 0.09%             | 2055-02-25      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BAC CAPITAL TRUST XIV                                                        | BAC CAPITAL TRUST XIV MATURITY: PERPETUAL                                         | CUSIP: 05518VAA3<br>LEI: 549300QO5OB3VGJT6S64 | Long             | DBT              | CORP              | US        |   9870000 | PA      | $8118934.68   | 0.21%             | 2173-09-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| SYCAMORE TREE CLO LTD                                                        | SYCAMORE TREE CLO 2025-7 LTD STCP 2025-7A C                                       | CUSIP: 87122KAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5000000.00   | 0.13%             | 2038-08-28      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                                               | CITIGROUP INC 6.174000% 05/25/2034                                                | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5228808.45   | 0.14%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-28 FW                           | CUSIP: 38385C6D5<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  33673571 | PA      | $33623283.22  | 0.87%             | 2054-04-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                                          | GS MORTGAGE-BACKED SECURITIES TRUST 2024-RPL2 GSMBS 2024-RPL2 A2                  | CUSIP: 36269MAB7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  15000000 | PA      | $14399109.00  | 0.37%             | 2061-07-25      | Floating      | 4.05%                 | Yes           |                  2 | On Loan: No      |
| Regal Rexnord Corporation                                                    | REGAL REXNORD CORP 6.300000% 02/15/2030                                           | CUSIP: 758750AN3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4710568.14   | 0.12%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| NORTHWEST NATURAL HOLDING COMPANY                                            | NORTHWEST NATURAL HOLDING CO 7.000000% 09/15/2055                                 | CUSIP: 66765NAA3<br>LEI: 254900PSJL6ZEC8FR782 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2033538.00   | 0.05%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE                                                    | CAFL 2022-RTL1 ISSUER LLC CAFL 2022-RTL1 A1                                       | CUSIP: 124764AA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1952894 | PA      | $1952894.48   | 0.05%             | 2029-05-28      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                                                  | FEDERAL HOME LOAN BANK 2.150000% 09/23/2036                                       | CUSIP: 3130AP3R4<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1500000 | PA      | $1153404.45   | 0.03%             | 2036-09-23      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE INTEREST STRIP FNS 410 C5                                              | CUSIP: 31395QCQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    354254 | PA      | $3764.80      | 0.00%             | 2027-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD, L.P.                                                      | CANTOR FITZGERALD LP 144A 7.200000% 12/12/2028                                    | CUSIP: 138616AM9<br>LEI: 549300RLUEEVQEMX0450 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1062256.43   | 0.03%             | 2028-12-12      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 4908 AS                                                    | CUSIP: 3137FNBR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   7867038 | PA      | $831121.09    | 0.02%             | 2045-01-25      | Floating      | 1.64%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                      | CORP NACIONAL DEL COBRE DE CHILE 144A 3.150000% 01/15/2051                        | CUSIP: 21987BBD9<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |    500000 | PA      | $303988.89    | 0.01%             | 2051-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                                   | JP MORGAN MORTGAGE TRUST 2024-7 JPMMT 2024-7 A4                                   | CUSIP: 465971AH2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  10948813 | PA      | $9761851.99   | 0.25%             | 2053-04-25      | Floating      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 4136 PI                                                    | CUSIP: 3137AWL94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   5053142 | PA      | $386716.99    | 0.01%             | 2032-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                                        | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C32 WFCM 2016-C32 C                    | CUSIP: 94989YBF9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $4932467.00   | 0.13%             | 2059-01-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE, INC.                                                   | F&G ANNUITIES & LIFE INC 7.400000% 01/13/2028                                     | CUSIP: 30190AAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7325629.43   | 0.19%             | 2028-01-13      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| HILLGROVE MINES PTY LTD                                                      | HILLGROVE MINES PTY LTD 12.000000% 08/01/2029                                     | CUSIP: N/A<br>LEI: 254900I859RDK4UJY156       | Long             | DBT              | NUSS              | AU        |   1000000 | PA      | $953006.00    | 0.02%             | 2029-08-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ELMWOOD CLO                                                                  | ELMWOOD CLO V LTD ELMW5 2020-2A D1RR                                              | CUSIP: 29003BAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9000000 | PA      | $9031491.00   | 0.24%             | 2037-10-20      | Floating      | 7.48%                 | Yes           |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES LLC                                                  | SAKS GLOBAL ENTERPRISES LLC 144A 11.000000% 12/15/2029                            | CUSIP: 79380MAA3<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |  38000000 | PA      | $8550000.00   | 0.22%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Paratus Energy Services Ltd.                                                 | PARATUS ENERGY SERVICES LTD 9.500000% 06/27/2029                                  | CUSIP: N/A<br>LEI: 549300XB7T5BX418QX67       | Long             | DBT              | NUSS              | GB        |  47400000 | PA      | $46866750.00  | 1.22%             | 2029-06-27      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ENFIN RESIDENTIAL SOLAR RECEIVABLES TRUST                                    | ENFIN RESIDENTIAL SOLAR RECEIVABLES TRUST 2024-1 ENFIN 2024-1A B                  | CUSIP: 29281LAB8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3426729 | PA      | $3281338.68   | 0.09%             | 2055-02-20      | Fixed         | 8.44%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC POOL FR SD3586                                                        | CUSIP: 3132DQ6X9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  32775656 | PA      | $33511392.50  | 0.87%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BURLINGTON NORTHERN SANTA FE, LLC                                            | BURLINGTON NORTHERN SANTA FE LLC 7.290000% 06/01/2036                             | CUSIP: 12189TAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5871706.35   | 0.15%             | 2036-06-01      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| WIND RIVER CLO LTD.                                                          | WIND RIVER 2024-1 CLO LTD WINDR 2024-1A D                                         | CUSIP: 97317AAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10038200.00  | 0.26%             | 2037-04-20      | Floating      | 8.58%                 | Yes           |                  2 | On Loan: No      |
| VOLT LLC                                                                     | VOLT CV LLC VOLT 2021-CF2 A2                                                      | CUSIP: 91835GAB0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4162335 | PA      | $4035088.59   | 0.10%             | 2051-11-27      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| BANQUE ROYALE DU CANADA                                                      | ROYAL BANK OF CANADA MTN 5.200000% 01/31/2033                                     | CUSIP: 78014RKL3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | NUSS              | CA        |   3000000 | PA      | $3013508.70   | 0.08%             | 2033-01-31      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2015-17 JI                           | CUSIP: 38379JKD2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    190202 | PA      | $810.94       | 0.00%             | 2028-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PRET LLC                                                                     | PRET 2021-RN3 LLC PRET 2021-RN3 A1                                                | CUSIP: 74143JAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4939622 | PA      | $4926686.09   | 0.13%             | 2051-09-25      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC POOL FR SE9080                                                        | CUSIP: 3133SKCR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   7388922 | PA      | $7399956.92   | 0.19%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OT MIDCO INC.                                                                | OT MIDCO INC 144A 10.000000% 02/15/2030                                           | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $20374500.00  | 0.53%             | 2030-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE POOL FN BL3864                                                         | CUSIP: 3140HVJJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   8000000 | PA      | $7524206.32   | 0.20%             | 2029-09-01      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| HILLTOP SECURITIES INC.                                                      | HILLTOP SECURITIES INC 0 % CP                                                     | CUSIP: 43276TVT7<br>LEI: 549300IXU82PMU6XZT45 | Long             | ABS-APCP         |  | US        |   5000000 | PA      | $4981590.00   | 0.13%             | 2025-08-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                                                | COMMONBOND STUDENT LOAN TRUST 2017-A-GS CBSLT 2017-AGS A1                         | CUSIP: 20267VAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    664442 | PA      | $631401.23    | 0.02%             | 2041-05-25      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC POOL FR RJ2837                                                        | CUSIP: 3142GTEK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  31943740 | PA      | $31803112.03  | 0.83%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC 5.000000% 06/12/2030                                                  | CUSIP: 3134HBUR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   5000000 | PA      | $4999410.20   | 0.13%             | 2030-06-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                                   | JP MORGAN MORTGAGE TRUST SERIES 2025-CES1 JPMMT 2025-CES1 M1                      | CUSIP: 46658XAF2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2339000 | PA      | $2350009.44   | 0.06%             | 2055-05-25      | Floating      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| CHASE HOME LENDING MORTGAGE TRUST                                            | CHASE HOME LENDING MORTGAGE TRUST 2025-3 CHASE 2025-3 A2                          | CUSIP: 16160MAA1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   8487330 | PA      | $8391516.11   | 0.22%             | 2056-02-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| LCM LTD.                                                                     | LCM 42 LTD LCM 42A D1                                                             | CUSIP: 52113AAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10021100.00  | 0.26%             | 2038-01-15      | Floating      | 7.82%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER CONSUMER AUTO RECEIVABLES TRUST                                    | SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2020-B SCART 2020-BA F                  | CUSIP: 802830BA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    971558 | PA      | $972026.75    | 0.03%             | 2028-08-15      | Fixed         | 7.03%                 | No            |                  2 | On Loan: No      |
| United States of America                                                     | US TREASURY N/B 4.750000% 11/15/2043                                              | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 100000000 | PA      | $98734375.00  | 2.57%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST                               | FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 202 FCRT 2022-1 E                  | CUSIP: 35105JAG3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4230000 | PA      | $4173920.78   | 0.11%             | 2029-08-15      | Fixed         | 4.69%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC POOL FR SD6782                                                        | CUSIP: 3132DURB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  52096003 | PA      | $52168693.95  | 1.36%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCM LTD.                                                                     | LCM LOAN INCOME FUND I INCOME NOTE ISSUER LTD LCM 27A A1                          | CUSIP: 50200JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1968396 | PA      | $1968970.27   | 0.05%             | 2031-07-16      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-163 B                           | CUSIP: 38384DMU8<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  15058431 | PA      | $15374731.93  | 0.40%             | 2048-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SYCAMORE TREE CLO LTD                                                        | SYCAMORE TREE CLO 2025-6 LTD STCP 2025-6A A1                                      | CUSIP: 87122HAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  27000000 | PA      | $26989740.00  | 0.70%             | 2038-04-20      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO                                | GDB DEBT RECOVERY AUTH OF CMWL GDB DEBT RECOVERY AUTHORITY OF PUERTO RICO         | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   4495742 | PA      | $4319562.41   | 0.11%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                                              | WFRBS COMMERCIAL MORTGAGE TRUST 2014-C25 WFRBS 2014-C25 D                         | CUSIP: 92939LAU0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5840577 | PA      | $5622781.43   | 0.15%             | 2047-11-15      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| VW CREDIT, INC.                                                              | VW CREDIT INC 0% CP                                                               | CUSIP: 91842JV71<br>LEI: 549300UUPJ2NXDB68M19 | Long             | ABS-APCP         |  | US        |   2500000 | PA      | $2497754.25   | 0.06%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STL HOLDING COMPANY LLC                                                      | STL HOLDING CO LLC 144A 8.750000% 02/15/2029                                      | CUSIP: 861036AB7<br>LEI: 984500BC2I63E7F48656 | Long             | DBT              | CORP              | US        |   8600000 | PA      | $8928812.40   | 0.23%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-151 DA                          | CUSIP: 38384WDJ1<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   6365551 | PA      | $6240479.55   | 0.16%             | 2052-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                                   | FLAGSHIP CREDIT AUTO TRUST 2020-1 FCAT 2020-1 E                                   | CUSIP: 33843FAJ7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   6382045 | PA      | $6375549.05   | 0.17%             | 2027-06-15      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                                   | JP MORGAN MORTGAGE TRUST 2024-9 JPMMT 2024-9 A5                                   | CUSIP: 46593DAG2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  10700000 | PA      | $10462327.32  | 0.27%             | 2055-02-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TRUST                                                    | BXMT 2020-FL2 LTD BXMT 2020-FL2 A                                                 | CUSIP: 12434LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2077570 | PA      | $2072280.18   | 0.05%             | 2038-02-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| NORTH TEX TWY AUTH REV                                                       | N TX TOLLWAY AUTH REVENUE NORTH TEXAS TOLLWAY AUTHORITY                           | CUSIP: 66285WFT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1474000 | PA      | $1590347.68   | 0.04%             | 2030-02-01      | Fixed         | 8.41%                 | No            |                  2 | On Loan: No      |
| TWMA FINANCE AS                                                              | TWMA FINANCE AS 13.000000% 02/08/2027                                             | CUSIP: R9T86AAA3<br>LEI: 894500BICEAQTNG2A469 | Long             | DBT              | NUSS              | NO        |   3500000 | PA      | $3621767.49   | 0.09%             | 2027-02-08      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| KEYCORP                                                                      | KEYCORP 6.401000% 03/06/2035                                                      | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5343956.90   | 0.14%             | 2035-03-06      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| BATTALION CLO LTD                                                            | BATTALION CLO XXIII LTD BATLN 2022-23A DR1                                        | CUSIP: 07135LAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5025720.00   | 0.13%             | 2037-10-15      | Floating      | 8.27%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC POOL FR SD5771                                                        | CUSIP: 3132DTMU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  30115922 | PA      | $29365350.98  | 0.76%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                                                  | FEDERAL HOME LOAN BANK 5.625000% 02/23/2039                                       | CUSIP: 3130B02G3<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2000000 | PA      | $1992946.48   | 0.05%             | 2039-02-23      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PRET LLC                                                                     | PRET 2024-NPL5 LLC PRET 2024-NPL5 A1                                              | CUSIP: 74143QAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3706051 | PA      | $3703963.95   | 0.10%             | 2054-09-25      | Fixed         | 5.96%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-71 HT                           | CUSIP: 38385F3J8<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  49631024 | PA      | $48484061.31  | 1.26%             | 2055-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOSAIC SOLAR LOAN TRUST                                                      | MOSAIC SOLAR LOAN TRUST 2020-2 MSAIC 2020-2A B                                    | CUSIP: 61946PAB9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1945796 | PA      | $1582916.08   | 0.04%             | 2046-08-20      | Fixed         | 2.21%                 | Yes           |                  2 | On Loan: No      |
| GREYSTONE COMMERCIAL REAL ESTATE NOTES LTD                                   | GREYSTONE CRE NOTES 2024-HC3 GSTNE 2024-HC3 AS                                    | CUSIP: 39808MAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  18000000 | PA      | $17973642.60  | 0.47%             | 2041-03-15      | Floating      | 7.17%                 | Yes           |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                                       | SEQUOIA MORTGAGE TRUST 2013-4 SEMT 2013-4 AIO1                                    | CUSIP: 81745UAA1<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  40995022 | PA      | $935440.81    | 0.02%             | 2043-04-25      | Floating      | 0.84%                 | No            |                  2 | On Loan: No      |
| TOORAK MORTGAGE TRUST                                                        | TOORAK MORTGAGE TRUST 2024-RRTL1 TRK 2024-RRTL1 M1                                | CUSIP: 89054YAC7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1500000 | PA      | $1511184.15   | 0.04%             | 2039-02-25      | Floating      | 9.16%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                                 | AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2025- ACAR 2025-2 D                  | CUSIP: 024938AG7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  14000000 | PA      | $14149228.80  | 0.37%             | 2031-07-14      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE REMICS FNR 2024-25 AD                                                  | CUSIP: 3136BRTV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |  18807278 | PA      | $18852040.73  | 0.49%             | 2044-03-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                       | SEMPRA 6.000000% 10/15/2039                                                       | CUSIP: 816851AP4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6037138.68   | 0.16%             | 2039-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                                                  | FEDERAL HOME LOAN BANK 6.250000% 10/28/2054                                       | CUSIP: 3130B3EZ2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2000000 | PA      | $1995605.94   | 0.05%             | 2054-10-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                                                  | FEDERAL HOME LOAN BANK 6.125000% 10/30/2054                                       | CUSIP: 3130B3J46<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1375000 | PA      | $1370613.86   | 0.04%             | 2054-10-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SYCAMORE TREE CLO LTD                                                        | SYCAMORE TREE CLO 2025-6 LTD STCP 2025-6A C                                       | CUSIP: 87122HAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15000000 | PA      | $14906340.00  | 0.39%             | 2038-04-20      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| HUDSON YARDS MORTGAGE TRUST                                                  | HUDSON YARDS 2019-30HY MORTGAGE TRUST HY 2019-30HY B                              | CUSIP: 44421GAE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2322160.25   | 0.06%             | 2039-07-10      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| TOORAK MORTGAGE TRUST                                                        | TOORAK MORTGAGE TRUST 2024-RRTL2 TRK 2024-RRTL2 A1                                | CUSIP: 89055JAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   7000000 | PA      | $6976892.30   | 0.18%             | 2039-09-25      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| TEXAS TRANSN COMMN ST HWY FD REV                                             | TEXAS TRANSPRTN COMMISSION ST TEXAS DEPARTMENT OF TRANSPORTATION STATE HIGHWAY F  | CUSIP: 88283LHU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3980000 | PA      | $4044135.71   | 0.11%             | 2030-04-01      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| PRET LLC                                                                     | PRET 2024-NPL6 LLC PRET 2024-NPL6 A2                                              | CUSIP: 69381QAB2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3000000 | PA      | $2994751.50   | 0.08%             | 2054-10-25      | Fixed         | 8.72%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                                 | AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2024- ACAR 2024-4 D                  | CUSIP: 024945AG2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $5026866.00   | 0.13%             | 2031-08-12      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| PRET LLC                                                                     | PRET 2025-RPL2 TRUST PRET 2025-RPL2 A1                                            | CUSIP: 69392LAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4820673 | PA      | $4626894.10   | 0.12%             | 2064-08-25      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Royaume de Belgique                                                          | BELGIUM KINGDOM 4.875000% 06/10/2055                                              | CUSIP: N/A<br>LEI: 549300SZ25JZFHRHWD76       | Long             | DBT              | NUSS              | BE        |  10000000 | PA      | $8915148.00   | 0.23%             | 2055-06-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Company                           | AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATIO 6.450000% 04/15/2027           | CUSIP: 00774MBG9<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | NUSS              | IE        |   3662000 | PA      | $3766790.88   | 0.10%             | 2027-04-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                          | UKRAINE GOVERNMENT 1.750000% 02/01/2034                                           | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    721103 | PA      | $371368.05    | 0.01%             | 2034-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NORTHWEST TEX INDPT SCH DIST                                                 | NORTHWEST TX INDEP SCH DIST NORTHWEST INDEPENDENT SCHOOL DISTRICT                 | CUSIP: 667826AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1616274.70   | 0.04%             | 2032-02-15      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| CARNOW AUTO RECEIVABLES TRUST                                                | CARNOW AUTO RECEIVABLES TRUST 2021-2 CNART 2021-2A E                              | CUSIP: 14369HAJ7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3228029 | PA      | $3199983.03   | 0.08%             | 2028-02-15      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| BANQUE ROYALE DU CANADA                                                      | ROYAL BANK OF CANADA MTN 5.500000% 04/28/2033                                     | CUSIP: 78014RMJ6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | NUSS              | CA        |  10000000 | PA      | $9971188.60   | 0.26%             | 2033-04-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRET LLC                                                                     | PRET 2024-NPL8 LLC PRET 2024-NPL8 A1                                              | CUSIP: 69392DAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3156136 | PA      | $3155855.67   | 0.08%             | 2054-11-25      | Fixed         | 5.96%                 | Yes           |                  2 | On Loan: No      |
| WALDORF PRODUCTION UK PLC                                                    | WALDORF PRODUCTION UK PLC 13.000000% 09/02/2025                                   | CUSIP: N/A<br>LEI: 254900FUKD3GJRFOPD65       | Long             | DBT              | NUSS              | US        |  11021065 | PA      | $10690435.03  | 0.28%             | 2025-09-02      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| SBL HOLDINGS, INC.                                                           | SBL HOLDINGS INC 144A 6.500000% MATURITY: PERPETUAL                               | CUSIP: 78397DAC2<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |  12492000 | PA      | $11622715.45  | 0.30%             | 2173-11-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC STRIPS FHS 293 IO                                                     | CUSIP: 31283DAG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    333043 | PA      | $25309.22     | 0.00%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-196 QA                          | CUSIP: 38384GUW8<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  19926811 | PA      | $19820955.72  | 0.52%             | 2053-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                                 | AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2024- ACAR 2024-3 D                  | CUSIP: 02490BAG3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   8000000 | PA      | $8153812.00   | 0.21%             | 2030-07-12      | Fixed         | 6.04%                 | Yes           |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                                       | SEQUOIA MORTGAGE TRUST 2025-6 SEMT 2025-6 A2                                      | CUSIP: 81749YAB7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5962925 | PA      | $5903063.57   | 0.15%             | 2055-07-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                          | BREAN ASSET BACKED SECURITIES TRUST 2025-RM12 BABS 2025-RM12 A2                   | CUSIP: 10638KAB0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $4653125.00   | 0.12%             | 2065-07-25      | Floating      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                 | BARCLAYS PLC 9.625000% MATURITY: PERPETUAL                                        | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | NUSS              | GB        |   5000000 | PA      | $5647900.00   | 0.15%             | 2174-03-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| THE BOEING COMPANY                                                           | BOEING CO/THE 5.705000% 05/01/2040                                                | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4967200.30   | 0.13%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-107 B                           | CUSIP: 38381MUL2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  35000000 | PA      | $33735985.50  | 0.88%             | 2053-03-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2022-182 PO                          | CUSIP: 38383U5Q9<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  25530522 | PA      | $18219770.22  | 0.47%             | 2052-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of Ukraine                                                          | UKRAINE GOVERNMENT 0.000000% 02/01/2030                                           | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    131300 | PA      | $62039.25     | 0.00%             | 2030-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                                          | COMM 2015-DC1 MORTGAGE TRUST COMM 2015-DC1 D                                      | CUSIP: 12629NAX3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   9000000 | PA      | $6030810.00   | 0.16%             | 2048-02-10      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY MORTGAGE TRUST                                                      | FIRSTKEY MORTGAGE TRUST 2015-1 FKMT 2015-1 A3                                     | CUSIP: 33767CAD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    706746 | PA      | $652541.67    | 0.02%             | 2045-03-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANKS FUNDING CORPORATION                                | FEDERAL FARM CREDIT BANK 5.940000% 01/08/2044                                     | CUSIP: 3133EPS30<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |   7500000 | PA      | $7438915.65   | 0.19%             | 2044-01-08      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| TRICOLOR AUTO SECURITIZATION TRUST                                           | TRICOLOR AUTO SECURITIZATION TRUST 2025-1 TAST 2025-1A A                          | CUSIP: 89617CAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5569774 | PA      | $5571640.75   | 0.14%             | 2029-02-15      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| PANORO ENERGY ASA                                                            | PANORO ENERGY ASA 10.250000% 12/11/2029                                           | CUSIP: N/A<br>LEI: 5967007LIEEXZXGWM030       | Long             | DBT              | NUSS              | NO        |   2500000 | PA      | $2522592.18   | 0.07%             | 2029-12-11      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-1 TA                            | CUSIP: 38384H4S4<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   4550129 | PA      | $4569714.73   | 0.12%             | 2048-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2015-103 CI                          | CUSIP: 38379MDY7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   8347857 | PA      | $1244268.94   | 0.03%             | 2045-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO LTD                                                               | AB BSL CLO 5 LTD ABBSL 2024-5A B                                                  | CUSIP: 00038GAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   4000000 | PA      | $4000432.00   | 0.10%             | 2038-01-20      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| APIDOS CLO                                                                   | APIDOS CLO XXX APID XXXA BR                                                       | CUSIP: 03768CAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5170000 | PA      | $5163366.89   | 0.13%             | 2031-10-18      | Floating      | 6.18%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST                           | MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST MSBAM 2016-C29 C               | CUSIP: 61766EBK0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2413000 | PA      | $2231660.15   | 0.06%             | 2049-05-15      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                                             | DEUTSCHE BANK AG/NEW YORK NY 7.079000% 02/10/2034                                 | CUSIP: 251526CT4<br>LEI: N/A                  | Long             | DBT              | NUSS              | DE        |  10000000 | PA      | $10778194.40  | 0.28%             | 2034-02-10      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-163 LB                          | CUSIP: 38384DMQ7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  10000000 | PA      | $10188022.00  | 0.27%             | 2048-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cornell University                                                           | CORNELL UNIVERSITY 4.835000% 06/15/2034                                           | CUSIP: 219207AC1<br>LEI: 549300ZZIJPNT0RZWP17 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1987252.32   | 0.05%             | 2034-06-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE REMICS FNR 2024-25 A                                                   | CUSIP: 3136BRTN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |  15045822 | PA      | $15379217.88  | 0.40%             | 2044-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE US TRUST                                                            | T-MOBILE US TRUST 2025-1 TMUST 2025-1A A                                          | CUSIP: 872974AA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $5029131.50   | 0.13%             | 2029-11-20      | Fixed         | 4.74%                 | Yes           |                  2 | On Loan: No      |
| TRICOLOR AUTO SECURITIZATION TRUST                                           | TRICOLOR AUTO SECURITIZATION TRUST 2022-1 TAST 2022-1A F                          | CUSIP: 89616BAF1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4000000 | PA      | $4018621.60   | 0.10%             | 2029-07-16      | Fixed         | 9.80%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 4457 EI                                                    | CUSIP: 3137BHW29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    228228 | PA      | $31906.57     | 0.00%             | 2045-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2013-170 QI                          | CUSIP: 38378U6W2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   5701138 | PA      | $573198.17    | 0.01%             | 2043-11-20      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES CLO LTD                                     | CARLYLE GLOBAL MARKET STRATEGIES CLO 2014-5 LTD CGMS 2014-5A A1RR                 | CUSIP: 14311AAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5486473 | PA      | $5495240.10   | 0.14%             | 2031-07-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| FARMERS EXCHANGE CAPITAL                                                     | FARMERS EXCHANGE CAPITAL 144A 7.200000% 07/15/2048                                | CUSIP: 309588AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3029660.79   | 0.08%             | 2048-07-15      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE REMICS FNR 2012-68 GY                                                  | CUSIP: 3136A7AL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   4396754 | PA      | $4239549.69   | 0.11%             | 2032-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PRET LLC                                                                     | PRET 2021-RN4 LLC PRET 2021-RN4 A2                                                | CUSIP: 69359QAB0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   6405360 | PA      | $6402264.66   | 0.17%             | 2051-10-25      | Floating      | 9.19%                 | Yes           |                  2 | On Loan: No      |
| Republic of Kenya                                                            | REPUBLIC OF KENYA GOVERNMENT INTERNATIONAL BOND 14 7.250000% 02/28/2028           | CUSIP: 491798AG9<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |   3000000 | PA      | $2969025.63   | 0.08%             | 2028-02-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                          | BREAN ASSET BACKED SECURITIES TRUST 2025-RM11 BABS 2025-RM11 A2                   | CUSIP: 10638GAB9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   8000000 | PA      | $7526709.60   | 0.20%             | 2065-05-25      | Floating      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| PRPM LLC                                                                     | PRPM 2024-2 LLC PRPM 2024-2 A1                                                    | CUSIP: 74448BAA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1551605 | PA      | $1551507.31   | 0.04%             | 2029-03-25      | Fixed         | 7.03%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-30 NP                           | CUSIP: 38384JKL7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   4825180 | PA      | $4676415.12   | 0.12%             | 2054-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                                          | GS MORTGAGE-BACKED SECURITIES TRUST 2025-PJ6 GSMBS 2025-PJ6 A5                    | CUSIP: 36272KAE0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  10575643 | PA      | $10559624.10  | 0.27%             | 2055-11-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                                   | FLAGSHIP CREDIT AUTO TRUST 2024-3 FCAT 2024-3 C                                   | CUSIP: 33843YAE7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4500000 | PA      | $4527047.25   | 0.12%             | 2030-09-16      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST                                                   | GLS AUTO RECEIVABLES ISSUER TRUST 2022-1 GCAR 2022-1A E                           | CUSIP: 36263XAJ2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4000000 | PA      | $3984702.00   | 0.10%             | 2029-05-15      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANKS FUNDING CORPORATION                                | FEDERAL FARM CREDIT BANK 5.280000% 07/28/2033                                     | CUSIP: 3133ETQZ3<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |   5000000 | PA      | $4994974.55   | 0.13%             | 2033-07-28      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 4148 LI                                                    | CUSIP: 3137AWYU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    804069 | PA      | $16520.47     | 0.00%             | 2027-12-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PRET LLC                                                                     | PRET 2024-NPL7 LLC PRET 2024-NPL7 A2                                              | CUSIP: 74136TAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4250000 | PA      | $4234949.90   | 0.11%             | 2054-10-25      | Fixed         | 8.96%                 | Yes           |                  2 | On Loan: No      |
| THE BOEING COMPANY                                                           | BOEING CO/THE 2.950000% 02/01/2030                                                | CUSIP: 097023CN3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   3344000 | PA      | $3105465.42   | 0.08%             | 2030-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ELMWOOD CLO                                                                  | ELMWOOD CLO 24 LTD ELM24 2023-3A BR                                               | CUSIP: 290020AN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4600000 | PA      | $4603399.40   | 0.12%             | 2038-01-17      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                                 | AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2025- ACAR 2025-1 C                  | CUSIP: 02528DAE0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  40000000 | PA      | $40183684.00  | 1.05%             | 2031-08-12      | Fixed         | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE REMICS FNR 2012-61 KI                                                  | CUSIP: 3136A6QT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1549558 | PA      | $65687.15     | 0.00%             | 2041-12-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OPORTUN FUNDING LLC                                                          | OPORTUN ISSUANCE TRUST 2022-3 OPTN 2022-A C                                       | CUSIP: 68378NAC4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3000000 | PA      | $3044923.20   | 0.08%             | 2031-06-09      | Fixed         | 7.40%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                     | US TREASURY N/B 4.250000% 05/15/2035                                              | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        | 125000000 | PA      | $123906250.00 | 3.22%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2017-137 DI                          | CUSIP: 38380GWE0<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    530943 | PA      | $8928.33      | 0.00%             | 2047-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| APA CORPORATION                                                              | APA CORP 144A 7.750000% 12/15/2029                                                | CUSIP: 03743QAE8<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |   4138000 | PA      | $4456362.45   | 0.12%             | 2029-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA FINANCE P.L.C.                                                | VISTAJET MALTA FINANCE PLC / VISTA MANAGEMENT HOLD 6.375000% 02/01/2030           | CUSIP: 92840JAB5<br>LEI: 5299001UK94VGT0CPQ36 | Long             | DBT              | NUSS              | CH        |   2000000 | PA      | $1889316.80   | 0.05%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                                                      | KEYCORP MTN 4.100000% 04/30/2028                                                  | CUSIP: 49326EEG4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   7113000 | PA      | $7051432.50   | 0.18%             | 2028-04-30      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                                 | AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2024- ACAR 2024-3 C                  | CUSIP: 02490BAE8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   8000000 | PA      | $8074391.20   | 0.21%             | 2030-07-12      | Fixed         | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE POOL FN BL5311                                                         | CUSIP: 3140HW3V2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   5000000 | PA      | $4841290.65   | 0.13%             | 2027-01-01      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| WALDORF ENERGY FINANCE PLC                                                   | WALDORF ENERGY FINANCE PLC 15.000000% MATURITY: PERPETUAL                         | CUSIP: N/A<br>LEI: 213800W5YHZI9F3LY484       | Long             | DBT              | NUSS              | GB        |   1901102 | PA      | $380220.40    | 0.01%             | 2173-09-02      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| 280 PARK AVENUE MORTGAGE TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | 280 PARK AVENUE 2017-280P MORTGAGE TRUST PRK 2017-280P F                          | CUSIP: 90205FAQ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  12500000 | PA      | $12057033.75  | 0.31%             | 2034-09-15      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                                                  | FEDERAL HOME LOAN BANK 5.625000% 02/14/2034                                       | CUSIP: 3130AYVE3<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2333333 | PA      | $2326591.98   | 0.06%             | 2034-02-14      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| THE BOEING COMPANY                                                           | BOEING CO/THE 5.875000% 02/15/2040                                                | CUSIP: 097023BA2<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  15355000 | PA      | $15444308.67  | 0.40%             | 2040-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-151 PO                          | CUSIP: 38384DKS5<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  26397485 | PA      | $21898868.12  | 0.57%             | 2053-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                     | TREASURY BILL 0.000000% 08/19/2025                                                | CUSIP: 912797QK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1995714.00   | 0.05%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                                   | JP MORGAN MORTGAGE TRUST 2024-2 JPMMT 2024-2 B2                                   | CUSIP: 46657TBD6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  10108952 | PA      | $10662399.67  | 0.28%             | 2054-08-25      | Floating      | 7.32%                 | Yes           |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                                       | SEQUOIA MORTGAGE TRUST 2025-1 SEMT 2025-1 A4                                      | CUSIP: 81743EAD3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  12231618 | PA      | $12330758.11  | 0.32%             | 2055-01-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST                                 | AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2023- ACAR 2023-4 D                  | CUSIP: 02530CAG3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  15000000 | PA      | $15505746.00  | 0.40%             | 2030-09-12      | Fixed         | 7.65%                 | Yes           |                  2 | On Loan: No      |
| Paratus Energy Services Ltd.                                                 | PARATUS ENERGY SERVICES LTD 144A 9.000000% 07/15/2026                             | CUSIP: 81173JAC3<br>LEI: 549300XB7T5BX418QX67 | Long             | DBT              | NUSS              | GB        |   4433363 | PA      | $4413412.87   | 0.11%             | 2026-07-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| JBS USA Holding Lux S.a r.l.                                                 | JBS USA HOLDING LUX SARL/ JBS USA FOOD CO/ JBS LUX 7.250000% 11/15/2053           | CUSIP: 47214BAD0<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | NUSS              | US        |   4863000 | PA      | $5391335.77   | 0.14%             | 2053-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TOORAK MORTGAGE TRUST                                                        | TOORAK MORTGAGE TRUST 2024-2 TRK 2024-2 A1                                        | CUSIP: 89055KAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $5004820.50   | 0.13%             | 2031-10-25      | Fixed         | 6.33%                 | Yes           |                  2 | On Loan: No      |
| Republic of Ukraine                                                          | UKRAINE GOVERNMENT 0.000000% 02/01/2034                                           | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    490651 | PA      | $185220.75    | 0.00%             | 2034-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                          | BREAN ASSET BACKED SECURITIES TRUST 2024-RM9 BABS 2024-RM9 A1                     | CUSIP: 10638DAA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4788012 | PA      | $4713684.78   | 0.12%             | 2064-09-25      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2022-201 PO                          | CUSIP: 38383LPH7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  15111377 | PA      | $11190986.78  | 0.29%             | 2052-11-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                                                  | FEDERAL HOME LOAN BANK 6.000000% 04/12/2038                                       | CUSIP: 3130AVLD2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1981132 | PA      | $1981502.33   | 0.05%             | 2038-04-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WALDORF ENERGY FINANCE PLC                                                   | WALDORF ENERGY FINANCE PLC 12.000000% 03/02/2026                                  | CUSIP: N/A<br>LEI: 213800W5YHZI9F3LY484       | Long             | DBT              | NUSS              | GB        |   7782364 | PA      | $1556472.80   | 0.04%             | 2026-03-02      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST                               | MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 202 MSRM 2025-NQM1 A2              | CUSIP: 617932AD0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3651999 | PA      | $3660068.97   | 0.10%             | 2069-11-25      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                                       | SEQUOIA MORTGAGE TRUST 2025-3 SEMT 2025-3 A2                                      | CUSIP: 817370AB5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  13640821 | PA      | $13486829.67  | 0.35%             | 2055-04-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                     | US TREASURY N/B 4.000000% 11/15/2042                                              | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  80000000 | PA      | $72206249.60  | 1.88%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COMERICA INCORPORATED                                                        | COMERICA INC 4.000000% 02/01/2029                                                 | CUSIP: 200340AT4<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |  13300000 | PA      | $12993801.42  | 0.34%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CIFC FUNDING LTD                                                             | CIFC FUNDING 2022-II LTD CIFC 2022-2A BR                                          | CUSIP: 12567MAS0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9125000 | PA      | $9067412.13   | 0.24%             | 2035-04-19      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Brookfield Renewable Partners L.P.                                           | BROOKFIELD BRP HOLDINGS 0% CP                                                     | CUSIP: 11284WV67<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | ABS-APCP         |  | US        |   2600000 | PA      | $2598029.46   | 0.07%             | 2025-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Telford Finco                                                                | TELFORD FINCO 11.000000% 11/06/2029                                               | CUSIP: N/A<br>LEI: 254900ZUP0HIIEI95F15       | Long             | DBT              | NUSS              | AE        |  14162756 | PA      | $13956404.65  | 0.36%             | 2029-11-06      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS, INC.                                                       | KYNDRYL HOLDINGS INC 4.100000% 10/15/2041                                         | CUSIP: 50155QAM2<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |  26481000 | PA      | $20776415.58  | 0.54%             | 2041-10-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE REMICS FNR 2014-40 GI                                                  | CUSIP: 3136AKLU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   2798060 | PA      | $222428.72    | 0.01%             | 2033-06-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AVID AUTOMOBILE RECEIVABLES TRUST                                            | AVID AUTOMOBILE RECEIVABLES TRUST 2023-1 AVID 2023-1 E                            | CUSIP: 05368QAE7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5595000 | PA      | $5701032.52   | 0.15%             | 2029-05-15      | Fixed         | 11.14%                | Yes           |                  2 | On Loan: No      |
| PRET LLC                                                                     | PRET 2025-NPL4 LLC PRET 2025-NPL4 A1                                              | CUSIP: 74136UAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4283172 | PA      | $4298024.70   | 0.11%             | 2055-04-25      | Fixed         | 6.37%                 | Yes           |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES LLC                                       | AMUR EQUIPMENT FINANCE RECEIVABLES XI LLC AXIS 2022-2A E                          | CUSIP: 03236XAF4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2600000 | PA      | $2634174.66   | 0.07%             | 2029-10-22      | Fixed         | 9.32%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Private Credit Fund                                            | GOLUB CAPITAL PRIVATE CREDIT FUND 5.800000% 09/12/2029                            | CUSIP: 38179RAB1<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2005442.58   | 0.05%             | 2029-09-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ENFIN RESIDENTIAL SOLAR RECEIVABLES TRUST                                    | ENFIN RESIDENTIAL SOLAR RECEIVABLES TRUST 2024-1 ENFIN 2024-1A A                  | CUSIP: 29281LAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4283411 | PA      | $4245692.75   | 0.11%             | 2055-02-20      | Fixed         | 6.65%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                      | HYUNDAI CAPITAL AMERICA 144A 5.300000% 01/08/2029                                 | CUSIP: 44891ACU9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5076665.30   | 0.13%             | 2029-01-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FARMERS EXCHANGE CAPITAL                                                     | FARMERS EXCHANGE CAPITAL 144A 7.050000% 07/15/2028                                | CUSIP: 309588AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11075000 | PA      | $11620827.50  | 0.30%             | 2028-07-15      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC MILITARY HOUSING BONDS RESECURITIZATION TRUST                    | FREDDIE MAC MILITARY HOUSING BONDS RESECURITIZATIO FMMHR 2015-R1 C3               | CUSIP: 35563CAY4<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  30925816 | PA      | $26569481.82  | 0.69%             | 2052-11-25      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE REMICS FNR 2011-103 GI                                                 | CUSIP: 3136A1CD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |     37194 | PA      | $145.34       | 0.00%             | 2026-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Paratus Energy Services Ltd.                                                 | PARATUS ENERGY SERVICES LTD COMMON STOCK                                          | CUSIP: G6904D108<br>LEI: 549300XB7T5BX418QX67 | Long             | EC               |  | NO        |  12800000 | NS      | $48804588.58  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MISSION TEX ECONOMIC DEV CORP PWR PUR AGREEMENT REV                          | MISSION TX ECON DEV CORP PWR P MISSION ECONOMIC DEVELOPMENT CORP                  | CUSIP: 605147AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $30450.00     | 0.00%             | 2025-12-01      | Fixed         | 9.75%                 | No            |                  3 | On Loan: No      |
| Royaume de Belgique                                                          | KINGDOM OF BELGIUM GOVERNMENT INTERNATIONAL BOND 1 4.350000% 11/06/2034           | CUSIP: N/A<br>LEI: 549300SZ25JZFHRHWD76       | Long             | DBT              | NUSS              | BE        |  40000000 | PA      | $39448851.60  | 1.03%             | 2034-11-06      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANKS FUNDING CORPORATION                                | FEDERAL FARM CREDIT BANK 5.370000% 04/08/2038                                     | CUSIP: 3133ERWS6<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |   2000000 | PA      | $1977901.14   | 0.05%             | 2038-04-08      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| TENNESSEE VALLEY AUTHORITY                                                   | TENN VALLEY AUTHORITY 4.250000% 09/15/2052                                        | CUSIP: 880591EY4<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   7521000 | PA      | $6214929.76   | 0.16%             | 2052-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC POOL FR SD8475                                                        | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  53402679 | PA      | $53134557.27  | 1.38%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WPP CP LLC                                                                   | WPP CP LLC 0% CP                                                                  | CUSIP: 92939AVM9<br>LEI: 549300QW2DOKKBOQBP57 | Long             | ABS-APCP         |  | US        |   2000000 | PA      | $1994647.40   | 0.05%             | 2025-08-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                     | TREASURY BILL 0.000000% 08/12/2025                                                | CUSIP: 912797QJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1997387.50   | 0.05%             | 2025-08-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-122 G                           | CUSIP: 38384CR84<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   4787470 | PA      | $4812904.68   | 0.13%             | 2046-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS, INC.                                                           | SBL HOLDINGS INC 144A 9.508000% MATURITY: PERPETUAL                               | CUSIP: 78397DAA6<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2543750.00   | 0.07%             | 2174-05-13      | Fixed         | 9.51%                 | No            |                  2 | On Loan: No      |
| Hawaiian Airlines Pass Through Trust                                         | HAWAIIAN AIRLINES 2013-1 CLASS A PASS THROUGH CERT 3.900000% 01/15/2026           | CUSIP: 419838AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4972961 | PA      | $4886867.34   | 0.13%             | 2026-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Rice University                                                              | WILLIAM MARSH RICE UNIVERSITY 2.598000% 05/15/2050                                | CUSIP: 96926GAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1810000 | PA      | $1106005.50   | 0.03%             | 2050-05-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| U.S. BANCORP                                                                 | US BANCORP 5.836000% 06/12/2034                                                   | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4195004.68   | 0.11%             | 2034-06-12      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                                       | SEQUOIA MORTGAGE TRUST 2025-2 SEMT 2025-2 A4                                      | CUSIP: 816935AD2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  21861096 | PA      | $22032322.93  | 0.57%             | 2055-03-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-19 H                            | CUSIP: 38384KAY7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2026546 | PA      | $2046910.79   | 0.05%             | 2051-12-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW ENGLAND POWER COMPANY                                                    | NEW ENGLAND POWER CO 144A 2.807000% 10/06/2050                                    | CUSIP: 644188BG8<br>LEI: 549300DTVRGN9GYD5U85 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $3012616.65   | 0.08%             | 2050-10-06      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 5417 JA                                                    | CUSIP: 3137HDFH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  83634468 | PA      | $84644889.46  | 2.20%             | 2044-08-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOPAZ SOLAR FARMS LLC                                                        | TOPAZ SOLAR FARMS LLC 144A 5.750000% 09/30/2039                                   | CUSIP: 89054XAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6990462 | PA      | $6867779.39   | 0.18%             | 2039-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VENTURE CLO LIMITED                                                          | VENTURE XIX CLO LTD VENTR 2014-19A ARR                                            | CUSIP: 92330EAP2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9541034 | PA      | $9547446.01   | 0.25%             | 2032-01-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| DROP MORTGAGE TRUST                                                          | DROP MORTGAGE TRUST 2021-FILE DROP 2021-FILE D                                    | CUSIP: 26210YAL0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  15000000 | PA      | $12675000.00  | 0.33%             | 2043-10-15      | Floating      | 7.21%                 | Yes           |                  2 | On Loan: No      |
| COMERICA INCORPORATED                                                        | COMERICA INC 5.982000% 01/30/2030                                                 | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10282559.90  | 0.27%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| HARLEY MARINE FINANCING LLC                                                  | HARLEY MARINE FINANCING LLC CLC 2023-1 A2                                         | CUSIP: 41284LAH7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   9563459 | PA      | $9606783.80   | 0.25%             | 2027-12-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| RATE MORTGAGE TRUST                                                          | RATE MORTGAGE TRUST 205-J1 RATE 2025-J1 A1                                        | CUSIP: 75410CAA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  19431391 | PA      | $19489374.03  | 0.51%             | 2055-03-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                                                     | BENCHMARK 2020-B18 MORTGAGE TRUST BMARK 2020-B18 E                                | CUSIP: 08163AAV5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   8000000 | PA      | $4337022.40   | 0.11%             | 2053-07-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                                       | SEQUOIA MORTGAGE TRUST 2024-5 SEMT 2024-5 A1                                      | CUSIP: 81743CAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4879290 | PA      | $4964813.97   | 0.13%             | 2054-06-25      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Republic of Ukraine                                                          | UKRAINE GOVERNMENT 0.000000% 02/01/2036                                           | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    345528 | PA      | $163261.98    | 0.00%             | 2036-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANKS FUNDING CORPORATION                                | FEDERAL FARM CREDIT BANK 5.360000% 06/16/2033                                     | CUSIP: 3133EPMQ5<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |   2000000 | PA      | $1988238.18   | 0.05%             | 2033-06-16      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| CHASE HOME LENDING MORTGAGE TRUST                                            | CHASE HOME LENDING MORTGAGE TRUST 2025-5 CHASE 2025-5 A4A                         | CUSIP: 161935AE1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   7757425 | PA      | $7753520.86   | 0.20%             | 2056-04-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                                                          | SOCIETE GENERALE SA 144A 8.125000% MATURITY: PERPETUAL                            | CUSIP: 83370RAE8<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | NUSS              | FR        |   4000000 | PA      | $4175024.00   | 0.11%             | 2174-05-21      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CARRINGTON MORTGAGE LOAN TRUST                                               | CARRINGTON MORT M8                                                                | CUSIP: 144527AM0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $0.01         | 0.00%             | 2037-02-25      | Floating      | 2.46%                 | No            |                  3 | On Loan: No      |
| EVERBRIGHT SOLAR TRUST                                                       | EVERBRIGHT SOLAR TRUST 2024-A EVBRT 2024-A B                                      | CUSIP: 29977FAB0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5577965 | PA      | $5144351.03   | 0.13%             | 2054-06-22      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-93 B                            | CUSIP: 38384A4B6<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   3659671 | PA      | $3715393.32   | 0.10%             | 2044-12-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-130 AG                          | CUSIP: 38381MXT2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  50000000 | PA      | $48143578.20  | 1.25%             | 2059-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GALTON FUNDING MORTGAGE TRUST                                                | GALTON FUNDING MORTGAGE TRUST 2019-2 GFMT 2019-2 A21                              | CUSIP: 36418AAG2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    936745 | PA      | $870582.72    | 0.02%             | 2059-06-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 5406 PO                                                    | CUSIP: 3137HC4A7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  64014619 | PA      | $42778652.51  | 1.11%             | 2052-03-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                                          | GS MORTGAGE-BACKED SECURITIES TRUST 2024-PJ5 GSMBS 2024-PJ5 A4                    | CUSIP: 36269XAG2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  13655577 | PA      | $13894931.59  | 0.36%             | 2054-09-25      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2016-99 ID                           | CUSIP: 38379XN71<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  12571097 | PA      | $2551648.60   | 0.07%             | 2044-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2014-44 IO                           | CUSIP: 38379AUY4<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    268341 | PA      | $1454.28      | 0.00%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CIFC FUNDING LTD                                                             | CIFC FUNDING 2025-IV LTD CIFC 2025-4A C                                           | CUSIP: 12575MAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000000.00   | 0.08%             | 2038-10-24      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Republica de Colombia                                                        | REPUBLIC OF COLOMBIA 3.250000% 04/22/2032                                         | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   5000000 | PA      | $4057500.00   | 0.11%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                                          | GS MORTGAGE-BACKED SECURITIES TRUST 2025-NQM2 GSMBS 2025-NQM2 A2                  | CUSIP: 36272EAB0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4898584 | PA      | $4904292.44   | 0.13%             | 2065-06-25      | Floating      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| APA CORPORATION                                                              | APA CORP 144A 6.000000% 01/15/2037                                                | CUSIP: 03743QAG3<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |    250000 | PA      | $226819.36    | 0.01%             | 2037-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                                        | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C32 WFCM 2016-C32 D                    | CUSIP: 94989YAJ2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2000000 | PA      | $1932840.40   | 0.05%             | 2059-01-15      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE POOL FN MA5152                                                         | CUSIP: 31418EWN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |  17101293 | PA      | $17205468.19  | 0.45%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                 | BARCLAYS PLC 6.692000% 09/13/2034                                                 | CUSIP: 06738ECL7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | NUSS              | GB        |   2000000 | PA      | $2182179.66   | 0.06%             | 2034-09-13      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| United States of America                                                     | US TREASURY N/B 4.625000% 11/15/2044                                              | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 225000000 | PA      | $217652343.75 | 5.66%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GLOBE LIFE INC.                                                              | GLOBE LIFE INC 0 % CP                                                             | CUSIP: 37961MX39<br>LEI: 5493001JFHKQOPP6XA71 | Long             | ABS-APCP         |  | US        |   2000000 | PA      | $1983848.20   | 0.05%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VFI ABS LLC                                                                  | VFI ABS 2023-1 LLC VFI 2023-1A B                                                  | CUSIP: 92555QAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  10000000 | PA      | $10139491.00  | 0.26%             | 2029-08-24      | Fixed         | 7.78%                 | Yes           |                  2 | On Loan: No      |
| JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST                                   | JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST 2016-C2 JPMDB 2016-C2 C                | CUSIP: 46590LAZ5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4328000 | PA      | $2703992.87   | 0.07%             | 2049-06-15      | Floating      | 3.32%                 | No            |                  2 | On Loan: No      |
| GALTON FUNDING MORTGAGE TRUST                                                | GALTON FUNDING MORTGAGE TRUST 2019-1 GFMT 2019-1 A22                              | CUSIP: 36418WAJ8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     76742 | PA      | $72589.24     | 0.00%             | 2059-02-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE                                                    | CAFL 2021-RTL1 ISSUER LLC CAFL 2021-RTL1 A1                                       | CUSIP: 12468RAA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    523082 | PA      | $522725.98    | 0.01%             | 2029-03-28      | Fixed         | 4.24%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST                                                   | GLS AUTO RECEIVABLES ISSUER TRUST 2022-3 GCAR 2022-3A E                           | CUSIP: 38014QAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1990000 | PA      | $2065393.74   | 0.05%             | 2029-10-15      | Fixed         | 8.35%                 | Yes           |                  2 | On Loan: No      |
| nVent Finance S.a r.l.                                                       | NVENT FINANCE SARL 5.650000% 05/15/2033                                           | CUSIP: 67078AAF0<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | NUSS              | GB        |   3000000 | PA      | $3065938.26   | 0.08%             | 2033-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST                       | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRU JPMCC 2007-LD12 AJ             | CUSIP: 46632HAL5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    299560 | PA      | $297587.73    | 0.01%             | 2051-02-15      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                | GOLDMAN SACHS GROUP INC/THE 3.800000% MATURITY: PERPETUAL                         | CUSIP: 38144GAE1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4902458.50   | 0.13%             | 2173-11-10      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY                                             | PACIFIC GAS AND ELECTRIC CO 4.500000% 07/01/2040                                  | CUSIP: 694308JQ1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $9289716.81   | 0.24%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DEXT ABS LLC                                                                 | DEXT ABS 2025-1 LLC DEXT 2025-1 D                                                 | CUSIP: 252154AF6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   6000000 | PA      | $6044550.00   | 0.16%             | 2036-02-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| RHODE ISLAND ST HEALTH & EDL BLDG CORP                                       | RHODE ISLAND ST HLTH & EDUCTNL RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP  | CUSIP: 762243Y31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5010826.50   | 0.13%             | 2029-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FIRST INVESTORS AUTO OWNER TRUST                                             | FIRST INVESTORS AUTO OWNER TRUST 2023-1 FIAOT 2023-1A D                           | CUSIP: 320986AG7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   9000000 | PA      | $9457544.70   | 0.25%             | 2031-01-15      | Fixed         | 7.74%                 | Yes           |                  2 | On Loan: No      |
| CHOICE HOTELS INTERNATIONAL, INC.                                            | CHOICE HOTELS INTERNATIONAL INC 3.700000% 12/01/2029                              | CUSIP: 169905AF3<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7568912.08   | 0.20%             | 2029-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PEARL STREET MORTGAGE COMPANY TRUST (PSMC)                                   | PSMC 2020-2 TRUST PSMC 2020-2 A2                                                  | CUSIP: 693652AB5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    434763 | PA      | $384529.61    | 0.01%             | 2050-05-25      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY TEX UNIV REVS                                                     | UNIV OF TEXAS TX BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM               | CUSIP: 9151375R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4670000 | PA      | $4300822.49   | 0.11%             | 2046-08-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                                                   | FLAGSHIP CREDIT AUTO TRUST 2024-3 FCAT 2024-3 D                                   | CUSIP: 33843YAG2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5886000 | PA      | $5897234.61   | 0.15%             | 2030-09-16      | Fixed         | 6.11%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                                   | JP MORGAN MORTGAGE TRUST SERIES 2024-3 JPMMT 2024-3 A3                            | CUSIP: 46657QAE1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   8926623 | PA      | $7497314.14   | 0.20%             | 2054-05-25      | Floating      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| THE BOEING COMPANY                                                           | BOEING CO/THE 7.008000% 05/01/2064                                                | CUSIP: 097023DU6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  38598000 | PA      | $42593297.51  | 1.11%             | 2064-05-01      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| MISSION TEX ECONOMIC DEV CORP PWR PUR AGREEMENT REV                          | MISSION TX ECON DEV CORP PWR P MISSION ECONOMIC DEVELOPMENT CORP                  | CUSIP: 605147AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3315000 | PA      | $33150.00     | 0.00%             | 2028-12-01      | Fixed         | 10.88%                | No            |                  3 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                      | CF HIPPOLYTA ISSUER LLC SORT 2020-1 A2                                            | CUSIP: 12530MAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5210622 | PA      | $4375129.63   | 0.11%             | 2060-07-15      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE POOL FN DC6605                                                         | CUSIP: 3140AUKT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |  10772062 | PA      | $10810344.56  | 0.28%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                                   | JP MORGAN MORTGAGE TRUST 2024-9 JPMMT 2024-9 A4                                   | CUSIP: 46593DAD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3334800 | PA      | $3327171.42   | 0.09%             | 2055-02-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CSMC TRUST                                                                   | CSMC 2019-AFC1 TRUST CSMC 2019-AFC1 A1                                            | CUSIP: 12596XAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1677839 | PA      | $1612676.08   | 0.04%             | 2049-07-25      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST                       | JP MORGAN CHASE COMMERCIAL MORTGAGE SERIES  2007-LD12  CLASS J                    | CUSIP: 46632HAW1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $0.09         | 0.00%             | 2051-02-15      | Fixed         | 5.99%                 | No            |                  3 | On Loan: No      |
| Republic of Ukraine                                                          | UKRAINE GOVERNMENT 0.000000% 02/01/2035                                           | CUSIP: N/A<br>LEI: 6354001WLTJXOMEXPY07       | Long             | DBT              | NUSS              | UA        |    414634 | PA      | $195914.57    | 0.01%             | 2035-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Provincia de Buenos Aires                                                    | PROVINCIA DE BUENOS AIRES/GOVERNMENT BONDS MTN 6.625000% 09/01/2037               | CUSIP: N/A<br>LEI: 549300L6AYROPOTQ4L07       | Long             | DBT              | NUSS              | AR        |    314222 | PA      | $221620.79    | 0.01%             | 2037-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 5429 DV                                                    | CUSIP: 3137HDSN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  12963369 | PA      | $13407374.81  | 0.35%             | 2035-04-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                                        | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2018-AUS WFCM 2018-AUS A                    | CUSIP: 94990EAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $4872159.50   | 0.13%             | 2036-08-17      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 5491 C                                                     | CUSIP: 3137HHVH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  49561882 | PA      | $50019050.33  | 1.30%             | 2050-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TPG REAL ESTATE FINANCE ISSUER LTD                                           | TRTX 2021-FL4 ISSUER LTD TRTX 2021-FL4 C                                          | CUSIP: 87276WAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9961470.00   | 0.26%             | 2038-03-15      | Floating      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| JBS USA Holding Lux S.a r.l.                                                 | JBS USA HOLDING LUX SARL/ JBS USA FOOD CO/ JBS LUX 6.500000% 12/01/2052           | CUSIP: 46590XAX4<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | NUSS              | US        |   5000000 | PA      | $5110190.00   | 0.13%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PAWNEE EQUIPMENT RECEIVABLES LLC                                             | PAWNEEE EQUIPMENT RECEIVABLES SERIES 2021-1 LLC PWNE 2021-1 C                     | CUSIP: 704100AD8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3157519 | PA      | $3152597.84   | 0.08%             | 2027-07-15      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| CRUISE YACHT UPPER HOLDCO LTD                                                | CRUISE YACHT UPPER HOLDCO LTD 11.875000% 07/05/2028                               | CUSIP: N/A<br>LEI: 984500DE088QEE80G074       | Long             | DBT              | NUSS              | LU        |   4000000 | PA      | $2951923.52   | 0.08%             | 2028-07-05      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANKS FUNDING CORPORATION                                | FEDERAL FARM CREDIT BANK 6.010000% 03/28/2044                                     | CUSIP: 3133EP6T7<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |   2000000 | PA      | $2000000.00   | 0.05%             | 2044-03-28      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| AQUA FINANCE TRUST                                                           | AQUA FINANCE TRUST 2024-A AQFIT 2024-A A                                          | CUSIP: 03837DAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4317379 | PA      | $4317338.37   | 0.11%             | 2050-04-18      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| GARTNER, INC.                                                                | GARTNER INC 144A 3.625000% 06/15/2029                                             | CUSIP: 366651AG2<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2845222.20   | 0.07%             | 2029-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| JBS USA Holding Lux S.a r.l.                                                 | JBS USA HOLDING LUX SARL/ JBS USA FOOD CO/ JBS LUX 6.750000% 03/15/2034           | CUSIP: 47214BAC2<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | NUSS              | US        |  10000000 | PA      | $10885180.00  | 0.28%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                        | FANNIE MAE POOL FN CB7449                                                         | CUSIP: 3140QTH36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |  32228614 | PA      | $33343599.02  | 0.87%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                       | CREDIT SUISSE GROUP AG 5.100000% MATURITY: PERPETUAL                              | CUSIP: H3698DCV4<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | NUSS              | CH        |  10000000 | PA      | $675000.00    | 0.02%             | 2174-07-24      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST                                          | GS MORTGAGE-BACKED SECURITIES TRUST 2025-PJ7 GSMBS 2025-PJ7 A5                    | CUSIP: 36272MAE6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  13000000 | PA      | $12971207.60  | 0.34%             | 2055-12-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS LIMITED                                          | TEXTAINER MARINE CONTAINERS VII LTD TMCL 2024-1A A                                | CUSIP: 88316AAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | BM        |   6384000 | PA      | $6334797.24   | 0.16%             | 2049-08-20      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE COMPANY LLC                                          | NISSAN MOTOR ACCEPTANCE CO LLC 144A 7.050000% 09/15/2028                          | CUSIP: 65480CAF2<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2060530.06   | 0.05%             | 2028-09-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                                                  | FEDERAL HOME LOAN BANK 6.000000% 07/15/2039                                       | CUSIP: 3130B1WY9<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |  15120000 | PA      | $15100140.64  | 0.39%             | 2039-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY TEX UNIV REVS                                                     | UNIV OF TEXAS TX BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM               | CUSIP: 9151375F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2940945.00   | 0.08%             | 2042-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 5425 A                                                     | CUSIP: 3137HCYU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  75266540 | PA      | $76181179.10  | 1.98%             | 2044-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VOLT LLC                                                                     | VOLT CIII LLC VOLT 2021-CF1 A2                                                    | CUSIP: 92873JAB5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3436442 | PA      | $3391582.91   | 0.09%             | 2051-08-25      | Fixed         | 3.97%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                          | BROWN BROTHERS HARRIMAN SWEEP INTEREST                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   1768191 | PA      | $1768191.26   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                                   | JP MORGAN MORTGAGE TRUST 2024-2 JPMMT 2024-2 A3                                   | CUSIP: 46657TAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3957418 | PA      | $3978131.59   | 0.10%             | 2054-08-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Banco Santander, S.A.                                                        | BANCO SANTANDER SA 9.625000% MATURITY: PERPETUAL                                  | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | NUSS              | ES        |   5000000 | PA      | $5905360.00   | 0.15%             | 2174-02-21      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| PAWNEE EQUIPMENT RECEIVABLES LLC                                             | PAWNEEE EQUIPMENT RECEIVABLES SERIES 2022-1 LLC PWNE 2022-1 C                     | CUSIP: 70410DAE8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4000000 | PA      | $4028591.20   | 0.10%             | 2028-07-17      | Fixed         | 6.01%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                     | US TREASURY N/B 4.125000% 08/15/2044                                              | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 200000000 | PA      | $181093750.00 | 4.71%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Synovus Bank                                                                 | SYNOVUS BANK/COLUMBUS GA 5.625000% 02/15/2028                                     | CUSIP: 87164DVJ6<br>LEI: DX0JX77PRMOELF7VG772 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8113465.68   | 0.21%             | 2028-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | FREDDIE MAC REMICS FHR 4349 KI                                                    | CUSIP: 3137BBG87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1988282 | PA      | $83340.83     | 0.00%             | 2033-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                                                  | FEDERAL HOME LOAN BANK 6.000000% 07/28/2045                                       | CUSIP: 3130B72Q6<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   5000000 | PA      | $4995471.85   | 0.13%             | 2045-07-28      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRICOLOR AUTO SECURITIZATION TRUST                                           | TRICOLOR AUTO SECURITIZATION TRUST 2023-1 TAST 2023-1A F                          | CUSIP: 89616KAF1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  11910000 | PA      | $12894583.03  | 0.34%             | 2030-06-17      | Fixed         | 16.00%                | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-59 G                            | CUSIP: 38383XUL6<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2695068 | PA      | $2700155.68   | 0.07%             | 2050-03-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                     | US TREASURY N/B 4.125000% 05/31/2032                                              | CUSIP: 91282CNF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |  90000000 | PA      | $89957812.50  | 2.34%             | 2032-05-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES INC.                             | BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES TRUST BSCMS 2007-T26 AJ               | CUSIP: 07388VAH1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     59742 | PA      | $58890.27     | 0.00%             | 2045-01-12      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| DEXT ABS LLC                                                                 | DEXT ABS 2025-1 LLC DEXT 2025-1 B                                                 | CUSIP: 252154AD1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $5020000.50   | 0.13%             | 2035-08-15      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** Frost Family of Funds

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

**Title:** CFO