# EDGAR Filing Document

**Accession Number:** 0000751173
**File Stem:** 0000940400-26-006761
**Filing Date:** 2026-2
**Character Count:** 94045
**Document Hash:** d2b0459a30d09f1a6a63e31d2dc2d42b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-006761.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0000940400-26-006761

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260223

**DATE AS OF CHANGE**: 20260223

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MANNING & NAPIER FUND, INC.
- **CENTRAL INDEX KEY:** 0000751173

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04087
- **FILM NUMBER:** 26662976

**BUSINESS ADDRESS:**
- **STREET 1:** 290 WOODCLIFF DRIVE
- **CITY:** FAIRPORT
- **STATE:** NY
- **ZIP:** 14450
- **BUSINESS PHONE:** 585-325-6880

**MAIL ADDRESS:**
- **STREET 1:** 290 WOODCLIFF DRIVE
- **CITY:** FAIRPORT
- **STATE:** NY
- **ZIP:** 14450

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANNING & NAPIER FUND, INC /NY/
- **DATE OF NAME CHANGE:** 20060929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXETER FUND INC /NY/
- **DATE OF NAME CHANGE:** 19980226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANNING & NAPIER FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Unconstrained Bond Series (Series ID: S000003632)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010098 | Class S      | EXCPX           |
| C000129800 | Class I      | MNCPX           |
| C000206448 | Class W      | MUBWX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Manning & Napier Fund, Inc.

- **b. Investment Company Act file number:** 811-04087

- **c. CIK number of Registrant:** 0000751173

- **d. LEI of Registrant:** 549300B31SDCBSJSN672

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

  - **Street Address 1:** 290 Woodcliff Drive

  - **City:** Fairport

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 14450

  - **Telephone number:** 585-325-6880

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

- **a. Name of Series:** Unconstrained Bond Series

- **b. EDGAR series identifier (if any):** S000003632

- **c. LEI of Series:** 5493008PRHULZPPT8B05

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

- **a. Date of fiscal year-end:** 2025-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $801815305.51

**Total Liabilities:** $7951501.76

**Net Assets:** $793863803.75

**Delayed Delivery Securities:** $3790000.00

**Cash Not Reported:** $317357.99

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 280.70159000 | **1-Year:** 16499.46631000 | **5-Year:** 106215.39678000 | **10-Year:** 39334.81195000 | **30-Year:** 168.13615000

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

- **3-Month:** 984.95183000 | **1-Year:** 18962.83240000 | **5-Year:** 40683.74758000 | **10-Year:** 10675.88802000 | **30-Year:** 300.84973000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010098 | 0.27%                | 0.55%                | 0.44%                |
| Class ID C000129800 | 0.30%                | 0.57%                | 0.37%                |
| Class ID C000206448 | 0.33%                | 0.60%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $122085.74               | $-548927.56                                |
| Month 2  | $468911.69               | $1985566.50                                |
| Month 3  | $39242.21                | $-1060359.18                               |

**Designated Index Information**

- **Index Name:** Unconstrained Bond Series_Ex Derivatives BM

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                        | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EUREX CLEARING AKTIENGESELLSCHAFT           | EURO-BUND                                                                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |      -345 | NC      | $769840.85    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Residential Mor              | Morgan Stanley Residential Mortgage Loan Trust 2021-4                           | CUSIP: 61772MAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8854549 | PA      | $7969544.86   | 1.00%             | 2051-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-4                                                 | CUSIP: 46652VAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3742036 | PA      | $2981057.53   | 0.38%             | 2051-08-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| North-Sono Preference                       | North-Sono Preference                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | SE        |       647 | NS      | $428.75       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NORTH INVST GROUP                           | North Investment Group AB                                                       | CUSIP: 000000000<br>LEI: 254900NLPIHD51XJYE02 | Long             | DBT              | CORP              | SE        |  18750017 | PA      | $1384471.82   | 0.17%             | 2027-12-31      | Floating      | 10.94%                | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                     | NYMT Loan Trust 2022-CP1                                                        | CUSIP: 62955VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1279557 | PA      | $1205296.45   | 0.15%             | 2061-07-25      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| Stonepeak                                   | Stonepeak 2021-1 ABS                                                            | CUSIP: 78433XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    340269 | PA      | $332151.96    | 0.04%             | 2033-02-28      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                               | Carnival Corp                                                                   | CUSIP: 693070AD6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    800000 | PA      | $836589.46    | 0.11%             | 2027-06-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                  | ROCK Trust 2024-CNTR                                                            | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4250000 | PA      | $4367667.68   | 0.55%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Student Loan Trust 2020-1                                               | CUSIP: 63942FAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2947840 | PA      | $2956910.38   | 0.37%             | 2069-06-25      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140FTWF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     75886 | PA      | $75566.80     | 0.01%             | 2047-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OPERATING CO                     | Five Point Operating Co LP                                                      | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4183865.53   | 0.53%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                           | Imperial Fund Mortgage Trust 2022-NQM4                                          | CUSIP: 45276NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6952886 | PA      | $6929745.55   | 0.87%             | 2067-06-25      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2022-NQM2 Trust                                                             | CUSIP: 67448DAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2863661 | PA      | $2792872.74   | 0.35%             | 2062-01-25      | Variable      | 2.78%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                               | LGI Homes Inc                                                                   | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3646916.01   | 0.46%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2021-A                                | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    469691 | PA      | $431656.97    | 0.05%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 31418BBC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     73869 | PA      | $74678.70     | 0.01%             | 2034-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                    | Burford Capital Global Finance LLC                                              | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1925273.72   | 0.24%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ALLO Issuer, LLC                            | ALLO Issuer LLC                                                                 | CUSIP: 01983KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4400000 | PA      | $4452350.39   | 0.56%             | 2053-06-20      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| VELOCITY PORTFOLIO GROUP                    | Velocity Portfolio Group Inc                                                    | CUSIP: 92257EAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4094225.96   | 0.52%             | 2033-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Bourzou Issuer LLC, Jamshid Is              | Cloud Capital Holdco LP                                                         | CUSIP: 102104AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8250000 | PA      | $8225096.98   | 1.04%             | 2049-11-22      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2022-PJ1                                    | CUSIP: 36263NAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3854321 | PA      | $3572515.37   | 0.45%             | 2052-05-28      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities               | Brean Asset Backed Securities Trust 2025-RM11                                   | CUSIP: 10638GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2992915 | PA      | $2951575.14   | 0.37%             | 2065-05-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| AIRBORNE CAPITAL USA LLC                    | Airborne Capital USA LLC                                                        | CUSIP: 009263AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3341091.62   | 0.42%             | 2029-08-02      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2019-INV1                                                             | CUSIP: 12555DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31820 | PA      | $30474.72     | 0.00%             | 2049-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Lyra MUSIC Assets (Delaware) L              | Lyra Music Assets Delaware LP                                                   | CUSIP: 552339AA1<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |   3699344 | PA      | $3741101.21   | 0.47%             | 2064-12-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140XKP95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6292570 | PA      | $6022751.13   | 0.76%             | 2042-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OPEN INFRA US ASSETS AB                     | Open Infra US Assets AB                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |   3600000 | PA      | $3556579.32   | 0.45%             | 2027-02-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KYZ51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5448185 | PA      | $5563474.58   | 0.70%             | 2043-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust              | SWCH Commercial Mortgage Trust 2025-DATA                                        | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3461388.39   | 0.44%             | 2042-02-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Cogent IPv4 LLC                             | Cogent Ipv4 LLC                                                                 | CUSIP: 19240JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2380000 | PA      | $2480243.84   | 0.31%             | 2054-05-25      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                    | F&G Annuities & Life Inc                                                        | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3039000 | PA      | $3164813.20   | 0.40%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| USQ Rail I LLC                              | USQ Rail II LLC                                                                 | CUSIP: 90354PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4948728 | PA      | $4764850.22   | 0.60%             | 2051-06-28      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2024-NQM1 Trust                                                            | CUSIP: 36169HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2705977 | PA      | $2726675.60   | 0.34%             | 2059-01-25      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                      | SLM Student Loan Trust 2008-3                                                   | CUSIP: 78444GAC8<br>LEI: 549300OORAXMFXOHG132 | Long             | ABS-O            | CORP              | US        |   3141489 | PA      | $3142908.34   | 0.40%             | 2021-10-25      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2013-TH1                                                             | CUSIP: 22944PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     94717 | PA      | $84053.62     | 0.01%             | 2043-02-25      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                           | Imperial Fund Mortgage Trust 2022-NQM3                                          | CUSIP: 45276KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3049555 | PA      | $3066413.67   | 0.39%             | 2067-05-25      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Redaptive EAAS Issuer, LLC                  | REDAPTIVE EAAS ISSUER 2025-1 LLC                                                | CUSIP: 757204AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4007532.00   | 0.50%             | 2042-03-25      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 31416CJV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    135707 | PA      | $144302.41    | 0.02%             | 2038-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2015-2                                      | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    219963 | PA      | $214608.96    | 0.03%             | 2055-08-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Pear LLC                                    | PEAR 2023-1 LLC                                                                 | CUSIP: 70473AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4646065 | PA      | $4763587.65   | 0.60%             | 2035-07-15      | Fixed         | 7.42%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Funding Trust                | Oxford Finance Funding Trust 2025-1 LLC                                         | CUSIP: 69144BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4011930.80   | 0.51%             | 2035-02-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                     | CF Hippolyta Issuer LLC                                                         | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3644240 | PA      | $3066211.56   | 0.39%             | 2060-07-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| SP CRUISES INTERMEDIATE                     | SP Cruises Intermediate Ltd                                                     | CUSIP: 000000000<br>LEI: 2549001UGAS65A7Y0678 | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $3932352.82   | 0.50%             | 2030-03-14      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Finance of America Structured               | Finance Of America Structured Securities Trust Series 2025-S1                   | CUSIP: 31741BAB0<br>LEI: 254900W0S6GNEJ457023 | Long             | ABS-MBS          | CORP              | US        |   4502108 | PA      | $4374627.36   | 0.55%             | 2075-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                  | MFA 2021-INV2 Trust                                                             | CUSIP: 552732AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2866655 | PA      | $2599178.63   | 0.33%             | 2056-11-25      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                           | Imperial Fund Mortgage Trust 2022-NQM2                                          | CUSIP: 45276PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5425758 | PA      | $5290364.42   | 0.67%             | 2067-03-25      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                           | KREF 2021-FL2 Ltd                                                               | CUSIP: 48275RAC1<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3465652.75   | 0.44%             | 2039-02-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| ECMC Group Student Loan Trust               | ECMC Group Student Loan Trust 2024-1                                            | CUSIP: 26828PAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3653761 | PA      | $3687083.11   | 0.46%             | 2073-11-27      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| GGAM Master Trust US LLC                    | GGAM Master Trust International Ltd                                             | CUSIP: 36173XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4800000 | PA      | $4825741.92   | 0.61%             | 2060-09-30      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                                                 | CUSIP: 78403DAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2746938.15   | 0.35%             | 2026-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Waikiki Beach Hotel Trust                   | WBHT Commercial Mortgage Trust 2025-WBM                                         | CUSIP: 92943QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3650000 | PA      | $3653875.32   | 0.46%             | 2042-06-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3128P7QL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     33781 | PA      | $34115.10     | 0.00%             | 2031-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Funding Trust                | Oxford Finance Funding Trust 2023-1                                             | CUSIP: 69145CAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3327672 | PA      | $3360173.57   | 0.42%             | 2031-02-15      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| Centersquare Issuer LLC                     | Centersquare Issuer LLC                                                         | CUSIP: 15201EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $5865114.77   | 0.74%             | 2054-10-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2019-2                                      | CUSIP: 64830DAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1037587 | PA      | $1017665.33   | 0.13%             | 2057-12-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Oasis Securitisation                        | Libra Solutions 2024-1 LLC                                                      | CUSIP: 53161XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5001968.50   | 0.63%             | 2038-09-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2021-LTV2                                            | CUSIP: 46654VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3963341 | PA      | $3369100.13   | 0.42%             | 2052-05-25      | Variable      | 2.52%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 9128285M8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34572000 | PA      | $34183065.00  | 4.31%             | 2028-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities               | Brean Asset Backed Securities Trust 2021-RM2                                    | CUSIP: 10638MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2158719 | PA      | $2112690.23   | 0.27%             | 2061-10-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Seasoned Mortgage Tr              | JP Morgan Seasoned Mortgage Trust Series 2024-1                                 | CUSIP: 61777HAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4098671 | PA      | $4018099.73   | 0.51%             | 2063-01-25      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2022-A                                | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2248002 | PA      | $2076281.08   | 0.26%             | 2070-07-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3138WDJY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    219180 | PA      | $219313.72    | 0.03%             | 2044-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3128M73H7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24807 | PA      | $26409.34     | 0.00%             | 2040-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| C&S Wholesale Grocers Inc                   | C&S WHOLESALE GROCERS INC                                                       | CUSIP: 000000000<br>LEI: 54930093F8X1FEZBGJ91 | Long             | LON              | CORP              | US        |   3990000 | PA      | $3890250.00   | 0.49%             | 2030-09-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                     | CF Hippolyta Issuer LLC                                                         | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1798904 | PA      | $1121572.21   | 0.14%             | 2060-07-15      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| United Wholsale Mortgage LLC                | UWM Mortgage Trust 2021-1                                                       | CUSIP: 91824NBL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2094622 | PA      | $1740137.11   | 0.22%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Trinity Rail Leasing L.P.                   | Trinity Rail Leasing 2021 LLC                                                   | CUSIP: 89656GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1636103 | PA      | $1544426.78   | 0.19%             | 2051-07-19      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3128P75F6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     96850 | PA      | $98029.72     | 0.01%             | 2033-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2024-VLT4                                                              | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5100000 | PA      | $5092794.41   | 0.64%             | 2041-06-15      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2021-INV5                                            | CUSIP: 46653XAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2503868 | PA      | $2269959.41   | 0.29%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LL              | Aligned Data Centers Issuer LLC                                                 | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4417225.76   | 0.56%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| RUN NQM TRUST                               | RUN 2022-NQM1 Trust                                                             | CUSIP: 74981CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2558735 | PA      | $2605278.72   | 0.33%             | 2067-03-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                     | SBA Communications Corp                                                         | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1174124.66   | 0.15%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WestJet Loyalty LP                          | WESTJET LOYALTY LP                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   4912500 | PA      | $4929006.00   | 0.62%             | 2031-02-14      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2014-2                                                 | CUSIP: 46641YAA1<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-MBS          | CORP              | US        |     82999 | PA      | $81838.79     | 0.01%             | 2029-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Fun              | Gracie Point International Funding 2025-1 LLC                                   | CUSIP: 38411WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3004876.50   | 0.38%             | 2028-08-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Student Loan Trust 2021-1                                               | CUSIP: 63942NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3173909 | PA      | $2854146.23   | 0.36%             | 2069-12-26      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FRUV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  50102876 | PA      | $2236961.88   | 0.28%             | 2030-01-25      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| DRAWBRIDGE SPEC OPPOR FU                    | Drawbridge Special Opportunities Fund LP / Drawbridge Special Opportunities Fin | CUSIP: 26150TAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3811684.70   | 0.48%             | 2030-09-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| US CLAIMS LIT FNDG LLC                      | US Claims Litigation Funding LLC                                                | CUSIP: 91735CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1193674.10   | 0.15%             | 2028-03-17      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2014-3                                      | CUSIP: 64829DAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    165300 | PA      | $159322.40    | 0.02%             | 2054-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Starwood Retail Property Trust              | Starwood Retail Property Trust 2014-STAR                                        | CUSIP: 85571XAA5<br>LEI: 5493007115G809OI4R97 | Long             | ABS-MBS          | CORP              | US        |   1533785 | PA      | $767586.11    | 0.10%             | 2027-11-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                                                 | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6110000 | PA      | $6256460.37   | 0.79%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL SEAWAYS IN                    | International Seaways Inc                                                       | CUSIP: 46032VAC0<br>LEI: 549300YUFDGFRNGBWF46 | Long             | DBT              | CORP              | MH        |   4000000 | PA      | $3978035.81   | 0.50%             | 2030-09-23      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Store Master Funding I - VII,               | Store Master Funding I-VII and XIV                                              | CUSIP: 86212XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2346044 | PA      | $2304932.81   | 0.29%             | 2049-11-20      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| HTS Funding DE LLC                          | HTS Fund II LLC                                                                 | CUSIP: 40456GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3650000 | PA      | $3658184.40   | 0.46%             | 2045-06-23      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40116656 | PA      | $39514906.26  | 4.98%             | 2029-01-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| FUTURA RESOURCES LTD                        | Futura Resources Ltd                                                            | CUSIP: 000000000<br>LEI: 254900IXVQZ9YW05UP87 | Long             | DBT              | CORP              | AU        |   4000000 | PA      | $3787105.53   | 0.48%             | 2031-01-09      | Fixed         | 13.12%                | No            |                  2 | On Loan: No      |
| Tricon Residential                          | Tricon Residential 2024-SFR4 Trust                                              | CUSIP: 895975AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2976508 | PA      | $2955082.68   | 0.37%             | 2041-11-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CLEAR STREET HOLDINGS                       | Clear Street Holdings LLC                                                       | CUSIP: 18469LAE9<br>LEI: 254900NQWA30C6L3G919 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4008052.93   | 0.50%             | 2030-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NORTHWEST ACQ/DOMINION                      | Northwest Acquisitions ULC / Dominion Finco Inc                                 | CUSIP: 66727WAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5870000 | PA      | $58.70        | 0.00%             | 2022-11-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Goodgreen Trust                             | Goodgreen 2020-1 Trust                                                          | CUSIP: 38217TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2198656 | PA      | $1829549.45   | 0.23%             | 2055-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| JP Morgan Seasoned Mortgage Tr              | JP Morgan Seasoned Mortgage Trust Series 2025-1                                 | CUSIP: 46659PAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3713311 | PA      | $3494653.64   | 0.44%             | 2063-01-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                      | SLM Student Loan Trust 2008-4                                                   | CUSIP: 78445AAD8<br>LEI: 549300EQOYJZL2D96G46 | Long             | ABS-O            | CORP              | US        |   1666919 | PA      | $1687270.41   | 0.21%             | 2022-07-25      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding              | Diamond Infrastructure Funding LLC                                              | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4859377.50   | 0.61%             | 2049-04-15      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured               | Finance Of America Structured Securities Trust Series 2024-S2                   | CUSIP: 31739VAA2<br>LEI: 2549004CLYOCOW3IBQ95 | Long             | ABS-O            | CORP              | US        |   3976996 | PA      | $3901072.00   | 0.49%             | 2074-04-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                    | SLM Corp                                                                        | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4325000 | PA      | $4473394.49   | 0.56%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Student Loan Trust                                                      | CUSIP: 63942TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    728315 | PA      | $739954.89    | 0.09%             | 2072-03-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 9128283F5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  79974000 | PA      | $78196452.89  | 9.85%             | 2027-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NEWCASTLE COAL INFRASTRU                    | Newcastle Coal Infrastructure Group Pty Ltd                                     | CUSIP: 65106WAA3<br>LEI: 549300YAJ8XYYGW2TZ32 | Long             | DBT              | CORP              | AU        |   1692179 | PA      | $1689017.66   | 0.21%             | 2027-09-29      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                | Navient Corp                                                                    | CUSIP: 63938CAJ7<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4037563.85   | 0.51%             | 2026-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3128E5VC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    115995 | PA      | $117176.31    | 0.01%             | 2031-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2021-6                                                      | CUSIP: 74939KAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4087026 | PA      | $3648684.07   | 0.46%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management          | Dreyfus Government Cash Management                                              | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  12966199 | NS      | $12966199.12  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| IIP OPERATING PARTNER                       | IIP Operating Partnership LP                                                    | CUSIP: 44988FAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4320000 | PA      | $4269677.00   | 0.54%             | 2026-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KQDM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5997036 | PA      | $6034831.24   | 0.76%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SLAM 2021-1 LLC                             | Slam 2021-1 Ltd                                                                 | CUSIP: 78449AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4586880 | PA      | $4378098.52   | 0.55%             | 2046-06-15      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| VAREL OIL & GAS INC                         | Varel Oil & Gas Inc                                                             | CUSIP: 000000000<br>LEI: 984500A10EA482B94081 | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3045774.94   | 0.38%             | 2028-04-07      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2022-PJ3                                    | CUSIP: 362924BK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6998241 | PA      | $6348007.27   | 0.80%             | 2052-08-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2021-PJ9                                    | CUSIP: 36263CAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2629645 | PA      | $2367003.09   | 0.30%             | 2052-02-26      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -450 | NC      | $459612.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Metlife Securitization Trust                | METLIFE SECURITIZATION TRUST 2019-1                                             | CUSIP: 59166EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    547094 | PA      | $529801.33    | 0.07%             | 2058-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                      | SLM Student Loan Trust 2012-1                                                   | CUSIP: 78446WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5176737 | PA      | $5134942.06   | 0.65%             | 2028-09-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2022-NQM2                                   | CUSIP: 64831MAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7316402 | PA      | $6803967.51   | 0.86%             | 2062-03-27      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Student Loan Trust 2017-2                                               | CUSIP: 63939RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2324358 | PA      | $2330823.87   | 0.29%             | 2066-12-27      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2013-8                                                   | CUSIP: 81745EAA7<br>LEI: 549300EU86QZR1NB5U93 | Long             | ABS-MBS          | CORP              | US        |    118100 | PA      | $107046.08    | 0.01%             | 2043-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SUA 2025-1 LLC                              | SUA 2025-1 LLC                                                                  | CUSIP: 78485NAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $4543821.00   | 0.57%             | 2040-05-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                         | DataBank Issuer                                                                 | CUSIP: 23802WAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3345000 | PA      | $3326711.50   | 0.42%             | 2053-02-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ECMC Group Student Loan Trust               | ECMC Group Student Loan Trust 2025-2                                            | CUSIP: 26827YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7779850 | PA      | $7761782.43   | 0.98%             | 2074-11-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Trinity Rail Leasing 2018 LLC               | Trinity Rail Leasing 2018 LLC                                                   | CUSIP: 89657AAC0<br>LEI: 549300JQ2JIV94ZI1045 | Long             | ABS-O            | CORP              | US        |   1194294 | PA      | $1138432.71   | 0.14%             | 2050-10-17      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL              | Stack Infrastructure Issuer LLC                                                 | CUSIP: 85236KAE2<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |   3400000 | PA      | $3376449.62   | 0.43%             | 2046-03-26      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Student Loan Trust                                                      | CUSIP: 63942TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    312135 | PA      | $323203.35    | 0.04%             | 2072-03-15      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                       | Icahn Enterprises LP / Icahn Enterprises Finance Corp                           | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3998055.29   | 0.50%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Colony American Finance Ltd                 | Corevest American Finance 2019-3 Trust                                          | CUSIP: 21872NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    681703 | PA      | $679778.66    | 0.09%             | 2052-10-15      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Credit Fund III              | Oxford Finance Credit Fund III 2024-A LP                                        | CUSIP: 69145DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2749401.36   | 0.35%             | 2032-01-14      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2022-INV3                                            | CUSIP: 46593FAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5279839 | PA      | $4695416.86   | 0.59%             | 2052-09-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                    | Eagle Funding Luxco Sarl                                                        | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |   4630000 | PA      | $4715252.75   | 0.59%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities               | Brean Asset Backed Securities Trust 2024-RM8                                    | CUSIP: 10637YAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3444873 | PA      | $3398664.55   | 0.43%             | 2064-05-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                    | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3729139.80   | 0.47%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PHH ESCROW ISS LCC/PHH C                    | PHH Escrow Issuer LLC/PHH Corp                                                  | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2074591.09   | 0.26%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae REMICS                                                               | CUSIP: 3136B1YD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16234 | PA      | $16106.95     | 0.00%             | 2047-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140XM3Q7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7033527 | PA      | $7223157.33   | 0.91%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust 2018-2                                                | CUSIP: 89175VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125701 | PA      | $124424.50    | 0.02%             | 2058-03-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY TRUST INC                      | Arbor Realty Trust Inc                                                          | CUSIP: 038923AW8<br>LEI: 549300ASFUWYQO0RW077 | Long             | DBT              | CORP              | US        |   9506000 | PA      | $9276534.06   | 1.17%             | 2026-04-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2021-GR3                                    | CUSIP: 36263TAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4080007 | PA      | $3670989.94   | 0.46%             | 2052-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 2YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      1015 | NC      | $-152496.18   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Switch ABS Issuer, LLC                      | Switch ABS Issuer LLC                                                           | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3992861.37   | 0.50%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Student Loan Trust 2014-1                                               | CUSIP: 63938EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1852322 | PA      | $1830604.32   | 0.23%             | 2031-06-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Credit Fund III              | Oxford Finance Credit Fund III 2025-A LP                                        | CUSIP: 69145VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3400000 | PA      | $3443843.68   | 0.43%             | 2034-08-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DURAN LIFE SCIENCE HLDG                     | Duran Life Science Holding GmbH                                                 | CUSIP: 000000000<br>LEI: 5299003W0EE08LV85B90 | Long             | DBT              | CORP              | DE        |   3700000 | PA      | $4371201.24   | 0.55%             | 2030-05-31      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| ACG HOLDCO 1 PLC                            | ACG Holdco 1 PLC                                                                | CUSIP: 000000000<br>LEI: 9845008FS09985054W54 | Long             | DBT              | CORP              | GB        |   4050000 | PA      | $4407033.29   | 0.56%             | 2029-01-13      | Fixed         | 14.75%                | No            |                  2 | On Loan: No      |
| AVATION GROUP S PTE LTD                     | Avation Group S Pte Ltd                                                         | CUSIP: 05390AAA2<br>LEI: 2138006F359FM7HRYK39 | Long             | DBT              | CORP              | SG        |   4500000 | PA      | $4440212.24   | 0.56%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| READYCAP HOLDINGS LLC                       | ReadyCap Holdings LLC                                                           | CUSIP: 755763AE9<br>LEI: 549300W908MAGNC9E420 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4180882.72   | 0.53%             | 2028-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                         | DataBank Issuer                                                                 | CUSIP: 23802WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5200000 | PA      | $5177047.01   | 0.65%             | 2051-02-27      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-5                                                 | CUSIP: 46592LAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7550199 | PA      | $6862952.20   | 0.86%             | 2051-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| PCG LLC                                     | PCG 2023-1 LLC                                                                  | CUSIP: 70461JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    179992 | PA      | $179982.86    | 0.02%             | 2029-07-25      | Floating      | 9.73%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | JAPAN YEN CURR                                                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |       245 | NC      | $-184759.40   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3142GQB84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7420385 | PA      | $7485086.12   | 0.94%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                    | Encore Capital Group Inc                                                        | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4045250.48   | 0.51%             | 2031-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PALOMINO FUNDING TRUST I                    | Palomino Funding Trust I                                                        | CUSIP: 69754AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1167693.83   | 0.15%             | 2028-05-17      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| EDvestinU Private Education Lo              | EDvestinU Private Education Loan Issue No 1 LLC                                 | CUSIP: 28166GAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    546776 | PA      | $541420.94    | 0.07%             | 2038-11-25      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| LEGAL BUSINESS SVC                          | Cartiga LLC                                                                     | CUSIP: 52474DAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4000192.21   | 0.50%             | 2026-06-15      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes                       | Tricon American Homes 2020-SFR1                                                 | CUSIP: 89613GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2463367.35   | 0.31%             | 2038-07-17      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                     | New Fortress Energy Inc                                                         | CUSIP: 644393AC4<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |   4195000 | PA      | $192508.85    | 0.02%             | 2029-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Hawaii Hotel Trust                          | Hawaii Hotel Trust 2025-MAUI                                                    | CUSIP: 419909AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4050000 | PA      | $4051251.48   | 0.51%             | 2042-03-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| NICKEL INDUSTRIES LTD                       | Nickel Industries Ltd                                                           | CUSIP: 653890AB9<br>LEI: 54930007K0WX53TSIK16 | Long             | DBT              | CORP              | AU        |   4000000 | PA      | $4150983.93   | 0.52%             | 2030-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 31417YDV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10278 | PA      | $10334.59     | 0.00%             | 2029-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | EURO FX CURR                                                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |       140 | NC      | $249148.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COLT Funding LLC                            | COLT 2021-4 Mortgage Loan Trust                                                 | CUSIP: 19688GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6328611 | PA      | $5420610.41   | 0.68%             | 2066-10-25      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| Horizon Aircraft Finance I Lim              | Horizon Aircraft Finance IV Ltd                                                 | CUSIP: 43990EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   6937500 | PA      | $7005592.95   | 0.88%             | 2049-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trus              | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                              | CUSIP: 34461WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4998651.35   | 0.63%             | 2039-12-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Loan Trust 2015-B                                     | CUSIP: 63939KAC3<br>LEI: 549300GZIQGXPYGM8M95 | Long             | ABS-O            | CORP              | US        |    557866 | PA      | $558499.09    | 0.07%             | 2040-07-16      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY SR INC                         | Arbor Realty SR Inc                                                             | CUSIP: 03881NAG2<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4142821.82   | 0.52%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| THE BANCORP INC                             | Bancorp Inc/The                                                                 | CUSIP: 05969AAB1<br>LEI: 894500FP2ICT1B019Y71 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2910204.37   | 0.37%             | 2030-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                    | American Airlines Inc/AAdvantage Loyalty IP Ltd                                 | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   3500000 | PA      | $3504939.49   | 0.44%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                         | Hotwire Funding LLC                                                             | CUSIP: 44148JAH2<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1015924.83   | 0.13%             | 2054-06-20      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd               | CoreVest American Finance 2020-3 Trust                                          | CUSIP: 21873CAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72178 | PA      | $71561.29     | 0.01%             | 2053-08-15      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| Pear LLC                                    | Pear 2024-1 LLC                                                                 | CUSIP: 704933AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2137747 | PA      | $2161297.11   | 0.27%             | 2036-02-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ICE FUTURES EUROPE                          | LONG GILT                                                                       | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |       600 | NC      | $144656.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY FRN                             | United States Treasury Floating Rate Note                                       | CUSIP: 91282CNQ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16925000 | PA      | $16934321.79  | 2.13%             | 2027-07-31      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2022-NQM3 Trust                                                            | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7594857 | PA      | $7535773.48   | 0.95%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| LEGRES AB                                   | Legres AB                                                                       | CUSIP: 000000000<br>LEI: 5493004FBCZN6ATKYD40 | Long             | DBT              | CORP              | SE        |  32500000 | PA      | $2824091.67   | 0.36%             | 2025-12-30      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Funding Trust                | Oxford Finance Funding 2022-1 LLC                                               | CUSIP: 69145BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2175456 | PA      | $2147405.42   | 0.27%             | 2030-02-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PELORUS FUND REIT LLC                       | Pelorus Fund REIT LLC                                                           | CUSIP: 70615PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4345000 | PA      | $4345600.27   | 0.55%             | 2026-09-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | BRAVO Residential Funding Trust 2019-NQM2                                       | CUSIP: 10568LAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1625224 | PA      | $1553713.94   | 0.20%             | 2044-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage              | Deephaven Residential Mortgage Trust 2021-3                                     | CUSIP: 24381VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5357625 | PA      | $4777196.49   | 0.60%             | 2066-08-25      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST               | Commonbond Student Loan Trust 2019-A-GS                                         | CUSIP: 20268CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1158745 | PA      | $1081723.66   | 0.14%             | 2047-01-25      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| ALEXANDER FUND TRUST II                     | Alexander Funding Trust II                                                      | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8250000 | PA      | $8785105.92   | 1.11%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| CONTSHIPS LOGISTICS CORP                    | Contships Logistics Corp                                                        | CUSIP: 000000000<br>LEI: 5299008CWR6YALKEN578 | Long             | DBT              | CORP              | MH        |   4500000 | PA      | $4593478.41   | 0.58%             | 2030-02-11      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                         | NuStar Logistics LP                                                             | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    927000 | PA      | $936811.05    | 0.12%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2020-G                                | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    276878 | PA      | $260052.96    | 0.03%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| GOLDEN PEAR FUND HOLDCO                     | Golden Pear Funding HoldCo LLC                                                  | CUSIP: 38116FAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1266631.10   | 0.16%             | 2028-03-02      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| SESI LLC                                    | SESI LLC                                                                        | CUSIP: 78412FAX2<br>LEI: XDZ56K6RXS5J1ESBZS35 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3937392.71   | 0.50%             | 2030-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2024-NQM1 Trust                                                             | CUSIP: 67448LAA0<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-MBS          | CORP              | US        |   2395800 | PA      | $2412635.23   | 0.30%             | 2063-11-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                    | BRSP 2021-FL1 Ltd                                                               | CUSIP: 05591XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1094968 | PA      | $1093624.55   | 0.14%             | 2038-08-19      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3138XU4Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    378579 | PA      | $379132.08    | 0.05%             | 2044-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                        | FS RIALTO                                                                       | CUSIP: 30319YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    949116 | PA      | $949325.25    | 0.12%             | 2038-05-16      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Hageman Capital 2025 Issuer Tr              | Hageman Capital 2025 Issuer Trust                                               | CUSIP: 405033AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3230000 | PA      | $3219502.50   | 0.41%             | 2056-08-09      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| TRP LLC                                     | TRP 2021 LLC                                                                    | CUSIP: 87267CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2540015 | PA      | $2446178.29   | 0.31%             | 2051-06-19      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured               | Finance of America Structured Securities Trust 2022-S6                          | CUSIP: 31740XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3828055 | PA      | $3838217.73   | 0.48%             | 2061-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pear LLC                                    | PEAR 2022-1 LLC                                                                 | CUSIP: 70472XAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1549770 | PA      | $1572141.91   | 0.20%             | 2034-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer, LLC                      | Flexential Issuer 2021-1                                                        | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2176000 | PA      | $2144707.53   | 0.27%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Pear LLC                                    | PEAR 2021-1 LLC                                                                 | CUSIP: 70472TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    296885 | PA      | $295975.96    | 0.04%             | 2034-01-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                         | Hotwire Funding LLC                                                             | CUSIP: 44148JAA7<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3428029.25   | 0.43%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2020-1 Trust                             | CUSIP: 95002KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1971953 | PA      | $1710159.69   | 0.22%             | 2049-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                                                 | CUSIP: 78403DBD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3630000 | PA      | $3652629.78   | 0.46%             | 2029-10-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                | WinWater Mortgage Loan Trust 2015-1                                             | CUSIP: 97652TAA1<br>LEI: 5493006H0W2XGUBIBK91 | Long             | ABS-MBS          | CORP              | US        |     64483 | PA      | $60570.94     | 0.01%             | 2045-01-20      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| OXFORD FIN LLC/CO-ISS II                    | Oxford Finance LLC / Oxford Finance Co-Issuer II Inc                            | CUSIP: 69145LAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4495009.82   | 0.57%             | 2027-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru              | SMB Private Education Loan Trust 2019-B                                         | CUSIP: 83192CAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    864603 | PA      | $848228.30    | 0.11%             | 2037-06-15      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2013-7                                                   | CUSIP: 81745CAB9<br>LEI: 549300DFASAA48I36408 | Long             | ABS-MBS          | CORP              | US        |     89516 | PA      | $81012.49     | 0.01%             | 2043-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru              | SMB Private Education Loan Trust 2024-D                                         | CUSIP: 83207QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4345706 | PA      | $4314295.59   | 0.54%             | 2053-07-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                   | College Ave Student Loans 2021-A LLC                                            | CUSIP: 19424KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1027336 | PA      | $953847.49    | 0.12%             | 2051-07-25      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2018-1 B PTT                     | United Airlines 2018-1 Class B Pass Through Trust                               | CUSIP: 90932NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2010842 | PA      | $2011458.30   | 0.25%             | 2026-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                      | SLM Student Loan Trust 2012-7                                                   | CUSIP: 78447KAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8293574 | PA      | $8132191.44   | 1.02%             | 2026-05-26      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2013-6                                                   | CUSIP: 81745BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    936437 | PA      | $847242.43    | 0.11%             | 2043-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Sutherland Commercial Mortgage              | Sutherland Commercial Mortgage Trust 2019-SBC8                                  | CUSIP: 86935CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1325807 | PA      | $1272443.40   | 0.16%             | 2041-04-25      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-1                                                 | CUSIP: 46592EBC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3020593 | PA      | $2805962.22   | 0.35%             | 2051-06-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust 2019-HY1                                              | CUSIP: 89177EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    486418 | PA      | $486890.02    | 0.06%             | 2048-10-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 31418ELX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7024361 | PA      | $7046751.89   | 0.89%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2013-2                                                   | CUSIP: 81745MAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88639 | PA      | $77515.01     | 0.01%             | 2043-02-25      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| ALLTUB GROUP SAS                            | Alltub Group SAS                                                                | CUSIP: 000000000<br>LEI: 6367000ADQ65VWM8QH87 | Long             | DBT              | CORP              | FR        |   2500000 | PA      | $2954705.47   | 0.37%             | 2030-04-30      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Capteris Equipment Finance                  | Capteris Equipment Finance 2024-1 LLC                                           | CUSIP: 14077AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2751792 | PA      | $2802871.92   | 0.35%             | 2032-07-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-21

**Name of Applicant:** Manning & Napier Fund, Inc.

**Signature:** Jill Peeper

**Name of Signer:** Jill Peeper

**Title:** Principal Financial Officer and Treasurer