# EDGAR Filing Document

**Accession Number:** 0001655146
**File Stem:** 0001193125-25-293287
**Filing Date:** 2025-11
**Character Count:** 1430251
**Document Hash:** 287b4581efe735f3435e8d57d384c6d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-293287.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001193125-25-293287

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN FUNDS STRATEGIC BOND FUND
- **CENTRAL INDEX KEY:** 0001655146

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23101
- **FILM NUMBER:** 251511462

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH HOPE STREET 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Series and Classes Contracts Data

### American Funds Strategic Bond Fund (Series ID: S000052313)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000164459 | Class 529-A   | CANAX           |
| C000164460 | Class F-2     | ANBFX           |
| C000164461 | Class R-1     | RANAX           |
| C000164462 | Class R-2     | RANBX           |
| C000164463 | Class R-2E    | RANHX           |
| C000164464 | Class R-3     | RANCX           |
| C000164465 | Class R-4     | RANEX           |
| C000164466 | Class R-5     | RANFX           |
| C000164467 | Class R-5E    | RANJX           |
| C000164468 | Class R-6     | RANGX           |
| C000164470 | Class 529-C   | CANCX           |
| C000164471 | Class 529-E   | CANEX           |
| C000164472 | Class 529-F-1 | CANFX           |
| C000164473 | Class A       | ANBAX           |
| C000164475 | Class C       | ANBCX           |
| C000164476 | Class F-1     | ANBEX           |
| C000179994 | Class F-3     | ANBGX           |
| C000189484 | Class 529-T   | TSFBX           |
| C000189485 | Class T       | TFSBX           |
| C000224627 | Class 529-F-2 | FSBMX           |
| C000224628 | Class 529-F-3 | FBSSX           |

## Nport-Ex

![](imgc8a9891f1.jpg)

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

**American Funds**<sup>®</sup> **Strategic Bond Fund**

Investment portfolio

September 30, 2025

**unaudited**

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

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 88.29%<br> **Mortgage-backed obligations 31.16%**<br> **Federal agency mortgage-backed obligations 23.72%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #CB3874 3.00% 6/1/2047 <sup>(a)</sup>  | USD88 | $79 |
| Fannie Mae Pool #FS5372 3.50% 7/1/2049 <sup>(a)</sup>  | 168164 | 157149 |
| Fannie Mae Pool #BO2975 3.00% 9/1/2049 <sup>(a)</sup>  | 407 | 359 |
| Fannie Mae Pool #CA5220 3.00% 2/1/2050 <sup>(a)</sup>  | 51 | 45 |
| Fannie Mae Pool #FM2793 3.00% 3/1/2050 <sup>(a)</sup>  | 160 | 141 |
| Fannie Mae Pool #FM3635 3.00% 3/1/2050 <sup>(a)</sup>  | 144 | 127 |
| Fannie Mae Pool #BQ0218 3.00% 8/1/2050 <sup>(a)</sup>  | 254 | 224 |
| Fannie Mae Pool #CA6987 2.00% 9/1/2050 <sup>(a)</sup>  | 74756 | 60447 |
| Fannie Mae Pool #FM4279 2.00% 9/1/2050 <sup>(a)</sup>  | 1437 | 1162 |
| Fannie Mae Pool #BQ2143 2.50% 9/1/2050 <sup>(a)</sup>  | 1528 | 1289 |
| Fannie Mae Pool #BQ3719 3.00% 9/1/2050 <sup>(a)</sup>  | 2458 | 2164 |
| Fannie Mae Pool #CA7052 3.00% 9/1/2050 <sup>(a)</sup>  | 2347 | 2084 |
| Fannie Mae Pool #BQ6356 2.00% 11/1/2050 <sup>(a)</sup>  | 35 | 28 |
| Fannie Mae Pool #CA7737 2.50% 11/1/2050 <sup>(a)</sup>  | 35746 | 30561 |
| Fannie Mae Pool #FM4783 2.00% 12/1/2050 <sup>(a)</sup>  | 36639 | 29645 |
| Fannie Mae Pool #BQ4077 2.00% 12/1/2050 <sup>(a)</sup>  | 10928 | 8843 |
| Fannie Mae Pool #MA4237 2.00% 1/1/2051 <sup>(a)</sup>  | 25388 | 20673 |
| Fannie Mae Pool #BR1698 3.00% 1/1/2051 <sup>(a)</sup>  | 921 | 812 |
| Fannie Mae Pool #BR2666 2.00% 2/1/2051 <sup>(a)</sup>  | 7329 | 6001 |
| Fannie Mae Pool #FS7385 2.00% 2/1/2051 <sup>(a)</sup>  | 110 | 89 |
| Fannie Mae Pool #FM6332 2.00% 2/1/2051 <sup>(a)</sup>  | 50 | 40 |
| Fannie Mae Pool #FM6128 2.50% 2/1/2051 <sup>(a)</sup>  | 4589 | 3876 |
| Fannie Mae Pool #FM5713 2.50% 2/1/2051 <sup>(a)</sup>  | 82 | 70 |
| Fannie Mae Pool #CA8871 3.00% 2/1/2051 <sup>(a)</sup>  | 753 | 663 |
| Fannie Mae Pool #CA9390 2.50% 3/1/2051 <sup>(a)</sup>  | 33410 | 28184 |
| Fannie Mae Pool #MA4282 2.50% 3/1/2051 <sup>(a)</sup>  | 6452 | 5470 |
| Fannie Mae Pool #BR3314 2.50% 3/1/2051 <sup>(a)</sup>  | 5319 | 4487 |
| Fannie Mae Pool #FM6764 2.50% 3/1/2051 <sup>(a)</sup>  | 43 | 36 |
| Fannie Mae Pool #BR3771 2.00% 4/1/2051 <sup>(a)</sup>  | 2898 | 2346 |
| Fannie Mae Pool #BR7719 2.00% 4/1/2051 <sup>(a)</sup>  | 1058 | 854 |
| Fannie Mae Pool #FM6824 2.00% 4/1/2051 <sup>(a)</sup>  | 372 | 301 |
| Fannie Mae Pool #MA4306 2.50% 4/1/2051 <sup>(a)</sup>  | 25828 | 21936 |
| Fannie Mae Pool #BN9135 2.50% 4/1/2051 <sup>(a)</sup>  | 4410 | 3720 |
| Fannie Mae Pool #BR9703 2.50% 4/1/2051 <sup>(a)</sup>  | 1585 | 1337 |
| Fannie Mae Pool #BR7725 2.50% 4/1/2051 <sup>(a)</sup>  | 1289 | 1087 |
| Fannie Mae Pool #CB0046 3.00% 4/1/2051 <sup>(a)</sup>  | 121802 | 107153 |
| Fannie Mae Pool #CB0191 3.00% 4/1/2051 <sup>(a)</sup>  | 39030 | 34614 |
| Fannie Mae Pool #CB0193 3.00% 4/1/2051 <sup>(a)</sup>  | 4744 | 4219 |
| Fannie Mae Pool #FM7071 3.00% 4/1/2051 <sup>(a)</sup>  | 377 | 332 |
| Fannie Mae Pool #CB0520 2.50% 5/1/2051 <sup>(a)</sup>  | 2498 | 2107 |
| Fannie Mae Pool #CB0396 2.50% 5/1/2051 <sup>(a)</sup>  | 1890 | 1595 |
| Fannie Mae Pool #BT0971 2.50% 5/1/2051 <sup>(a)</sup>  | 1319 | 1113 |
| Fannie Mae Pool #BR9622 2.50% 5/1/2051 <sup>(a)</sup>  | 493 | 416 |
| Fannie Mae Pool #FM7408 2.50% 5/1/2051 <sup>(a)</sup>  | 145 | 123 |
| Fannie Mae Pool #FS5126 2.50% 5/1/2051 <sup>(a)</sup>  | 68 | 57 |

---

American Funds Strategic Bond Fund — Page 1 of 58

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #FP0082 3.00% 5/1/2051 <sup>(a)</sup>  | USD2,257 | $1985 |
| Fannie Mae Pool #FM7803 2.00% 6/1/2051 <sup>(a)</sup>  | 9670 | 7939 |
| Fannie Mae Pool #CB0910 2.50% 6/1/2051 <sup>(a)</sup>  | 110 | 93 |
| Fannie Mae Pool #FM7909 3.00% 6/1/2051 <sup>(a)</sup>  | 3552 | 3150 |
| Fannie Mae Pool #CB1920 3.00% 6/1/2051 <sup>(a)</sup>  | 1881 | 1654 |
| Fannie Mae Pool #BR2026 3.00% 6/1/2051 <sup>(a)</sup>  | 33 | 29 |
| Fannie Mae Pool #CB1186 2.00% 7/1/2051 <sup>(a)</sup>  | 14900 | 12098 |
| Fannie Mae Pool #FM7943 2.00% 7/1/2051 <sup>(a)</sup>  | 10991 | 8870 |
| Fannie Mae Pool #BT1855 2.00% 7/1/2051 <sup>(a)</sup>  | 1581 | 1276 |
| Fannie Mae Pool #BQ0991 2.50% 7/1/2051 <sup>(a)</sup>  | 7413 | 6254 |
| Fannie Mae Pool #BT5004 3.00% 7/1/2051 <sup>(a)</sup>  | 324 | 285 |
| Fannie Mae Pool #FM8197 2.00% 8/1/2051 <sup>(a)</sup>  | 204 | 165 |
| Fannie Mae Pool #CB1373 2.00% 8/1/2051 <sup>(a)</sup>  | 118 | 95 |
| Fannie Mae Pool #CB1394 2.50% 8/1/2051 <sup>(a)</sup>  | 18508 | 15613 |
| Fannie Mae Pool #BT2760 2.50% 8/1/2051 <sup>(a)</sup>  | 18 | 16 |
| Fannie Mae Pool #CB1408 3.00% 8/1/2051 <sup>(a)</sup>  | 1744 | 1541 |
| Fannie Mae Pool #CB1409 3.00% 8/1/2051 <sup>(a)</sup>  | 996 | 876 |
| Fannie Mae Pool #BT0186 3.00% 8/1/2051 <sup>(a)</sup>  | 90 | 79 |
| Fannie Mae Pool #FM8662 3.00% 8/1/2051 <sup>(a)</sup>  | 71 | 63 |
| Fannie Mae Pool #FM8745 2.50% 9/1/2051 <sup>(a)</sup>  | 7872 | 6645 |
| Fannie Mae Pool #BT9828 2.50% 9/1/2051 <sup>(a)</sup>  | 6397 | 5402 |
| Fannie Mae Pool #BT9289 2.50% 9/1/2051 <sup>(a)</sup>  | 626 | 528 |
| Fannie Mae Pool #FM9068 2.50% 10/1/2051 <sup>(a)</sup>  | 9034 | 7692 |
| Fannie Mae Pool #CB1868 2.50% 10/1/2051 <sup>(a)</sup>  | 1613 | 1361 |
| Fannie Mae Pool #FS3298 2.50% 10/1/2051 <sup>(a)</sup>  | 142 | 120 |
| Fannie Mae Pool #FM9086 2.50% 10/1/2051 <sup>(a)</sup>  | 23 | 20 |
| Fannie Mae Pool #FM8954 2.50% 10/1/2051 <sup>(a)</sup>  | 19 | 16 |
| Fannie Mae Pool #FS4628 3.00% 10/1/2051 <sup>(a)</sup>  | 6290 | 5579 |
| Fannie Mae Pool #MA4465 2.00% 11/1/2051 <sup>(a)</sup>  | 18243 | 14802 |
| Fannie Mae Pool #BU1027 2.00% 11/1/2051 <sup>(a)</sup>  | 412 | 333 |
| Fannie Mae Pool #CB2095 3.00% 11/1/2051 <sup>(a)</sup>  | 17721 | 15595 |
| Fannie Mae Pool #FM9933 3.00% 11/1/2051 <sup>(a)</sup>  | 1802 | 1590 |
| Fannie Mae Pool #FM9350 3.00% 11/1/2051 <sup>(a)</sup>  | 928 | 817 |
| Fannie Mae Pool #BU5859 3.00% 11/1/2051 <sup>(a)</sup>  | 133 | 117 |
| Fannie Mae Pool #CB2097 3.00% 11/1/2051 <sup>(a)</sup>  | 39 | 34 |
| Fannie Mae Pool #FS1069 2.00% 12/1/2051 <sup>(a)</sup>  | 34768 | 28058 |
| Fannie Mae Pool #MA4492 2.00% 12/1/2051 <sup>(a)</sup>  | 2452 | 1989 |
| Fannie Mae Pool #BQ7452 2.00% 12/1/2051 <sup>(a)</sup>  | 1166 | 944 |
| Fannie Mae Pool #CB2361 2.00% 12/1/2051 <sup>(a)</sup>  | 619 | 500 |
| Fannie Mae Pool #BU3058 2.50% 12/1/2051 <sup>(a)</sup>  | 2882 | 2433 |
| Fannie Mae Pool #BT9510 2.50% 12/1/2051 <sup>(a)</sup>  | 921 | 792 |
| Fannie Mae Pool #BT9483 2.50% 12/1/2051 <sup>(a)</sup>  | 913 | 783 |
| Fannie Mae Pool #CB2319 2.50% 12/1/2051 <sup>(a)</sup>  | 908 | 779 |
| Fannie Mae Pool #FM9672 2.50% 12/1/2051 <sup>(a)</sup>  | 690 | 583 |
| Fannie Mae Pool #CB2372 2.50% 12/1/2051 <sup>(a)</sup>  | 442 | 379 |
| Fannie Mae Pool #BU6678 2.50% 12/1/2051 <sup>(a)</sup>  | 398 | 337 |
| Fannie Mae Pool #BU7526 3.00% 12/1/2051 <sup>(a)</sup>  | 857 | 755 |
| Fannie Mae Pool #CB2301 3.00% 12/1/2051 <sup>(a)</sup>  | 658 | 580 |
| Fannie Mae Pool #BT5284 3.00% 12/1/2051 <sup>(a)</sup>  | 392 | 345 |
| Fannie Mae Pool #BQ7041 2.00% 1/1/2052 <sup>(a)</sup>  | 27107 | 21875 |
| Fannie Mae Pool #BQ7006 2.00% 1/1/2052 <sup>(a)</sup>  | 4816 | 3893 |
| Fannie Mae Pool #CB2555 2.50% 1/1/2052 <sup>(a)</sup>  | 828 | 699 |
| Fannie Mae Pool #CB2644 2.50% 1/1/2052 <sup>(a)</sup>  | 757 | 639 |
| Fannie Mae Pool #FS3549 2.50% 1/1/2052 <sup>(a)</sup>  | 148 | 125 |

---

American Funds Strategic Bond Fund — Page 2 of 58

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #BU7244 2.50% 1/1/2052 <sup>(a)</sup>  | USD113 | $95 |
| Fannie Mae Pool #CB2785 2.50% 1/1/2052 <sup>(a)</sup>  | 100 | 85 |
| Fannie Mae Pool #CB2639 2.50% 1/1/2052 <sup>(a)</sup>  | 22 | 18 |
| Fannie Mae Pool #CB2666 3.00% 1/1/2052 <sup>(a)</sup>  | 3850 | 3386 |
| Fannie Mae Pool #BU9641 3.00% 1/1/2052 <sup>(a)</sup>  | 1906 | 1679 |
| Fannie Mae Pool #CB2668 3.00% 1/1/2052 <sup>(a)</sup>  | 365 | 321 |
| Fannie Mae Pool #FS0780 3.00% 1/1/2052 <sup>(a)</sup>  | 229 | 202 |
| Fannie Mae Pool #FS0124 3.00% 1/1/2052 <sup>(a)</sup>  | 41 | 36 |
| Fannie Mae Pool #MA4547 2.00% 2/1/2052 <sup>(a)</sup>  | 7365 | 5955 |
| Fannie Mae Pool #BV2340 2.00% 2/1/2052 <sup>(a)</sup>  | 1460 | 1178 |
| Fannie Mae Pool #BV3083 2.00% 2/1/2052 <sup>(a)</sup>  | 1206 | 976 |
| Fannie Mae Pool #CB2850 2.00% 2/1/2052 <sup>(a)</sup>  | 38 | 31 |
| Fannie Mae Pool #CB3155 2.00% 3/1/2052 <sup>(a)</sup>  | 8010 | 6483 |
| Fannie Mae Pool #BV3101 2.00% 3/1/2052 <sup>(a)</sup>  | 3732 | 3020 |
| Fannie Mae Pool #FS1742 2.00% 3/1/2052 <sup>(a)</sup>  | 3227 | 2616 |
| Fannie Mae Pool #MA4562 2.00% 3/1/2052 <sup>(a)</sup>  | 2878 | 2334 |
| Fannie Mae Pool #BV4172 2.00% 3/1/2052 <sup>(a)</sup>  | 1706 | 1380 |
| Fannie Mae Pool #BV4169 2.00% 3/1/2052 <sup>(a)</sup>  | 1682 | 1360 |
| Fannie Mae Pool #FS1978 2.50% 3/1/2052 <sup>(a)</sup>  | 4495 | 3792 |
| Fannie Mae Pool #BT8111 2.50% 3/1/2052 <sup>(a)</sup>  | 302 | 256 |
| Fannie Mae Pool #CB3995 2.50% 3/1/2052 <sup>(a)</sup>  | 299 | 254 |
| Fannie Mae Pool #BT2305 2.50% 3/1/2052 <sup>(a)</sup>  | 300 | 254 |
| Fannie Mae Pool #FS0831 3.00% 3/1/2052 <sup>(a)</sup>  | 20314 | 17864 |
| Fannie Mae Pool #BV5102 3.00% 3/1/2052 <sup>(a)</sup>  | 939 | 827 |
| Fannie Mae Pool #FS1372 3.00% 3/1/2052 <sup>(a)</sup>  | 162 | 142 |
| Fannie Mae Pool #FS5083 3.00% 3/1/2052 <sup>(a)</sup>  | 133 | 117 |
| Fannie Mae Pool #FS6861 3.00% 3/1/2052 <sup>(a)</sup>  | 69 | 60 |
| Fannie Mae Pool #MA4577 2.00% 4/1/2052 <sup>(a)</sup>  | 40141 | 32524 |
| Fannie Mae Pool #FS7498 2.00% 4/1/2052 <sup>(a)</sup>  | 17839 | 14456 |
| Fannie Mae Pool #CB3345 2.00% 4/1/2052 <sup>(a)</sup>  | 5959 | 4821 |
| Fannie Mae Pool #FS1598 2.00% 4/1/2052 <sup>(a)</sup>  | 3305 | 2676 |
| Fannie Mae Pool #BV4658 2.00% 4/1/2052 <sup>(a)</sup>  | 396 | 322 |
| Fannie Mae Pool #FS2638 2.50% 4/1/2052 <sup>(a)</sup>  | 5789 | 4895 |
| Fannie Mae Pool #CB3354 2.50% 4/1/2052 <sup>(a)</sup>  | 2480 | 2092 |
| Fannie Mae Pool #CB3353 2.50% 4/1/2052 <sup>(a)</sup>  | 985 | 831 |
| Fannie Mae Pool #BV3853 2.50% 4/1/2052 <sup>(a)</sup>  | 859 | 727 |
| Fannie Mae Pool #BU8802 2.50% 4/1/2052 <sup>(a)</sup>  | 425 | 360 |
| Fannie Mae Pool #FS7500 2.50% 4/1/2052 <sup>(a)</sup>  | 112 | 95 |
| Fannie Mae Pool #BU9507 2.50% 4/1/2052 <sup>(a)</sup>  | 64 | 54 |
| Fannie Mae Pool #BU8905 2.50% 4/1/2052 <sup>(a)</sup>  | 25 | 21 |
| Fannie Mae Pool #CB3366 3.00% 4/1/2052 <sup>(a)</sup>  | 4415 | 3890 |
| Fannie Mae Pool #BV8117 3.00% 4/1/2052 <sup>(a)</sup>  | 1988 | 1750 |
| Fannie Mae Pool #FS7061 3.00% 4/1/2052 <sup>(a)</sup>  | 1226 | 1078 |
| Fannie Mae Pool #FS4377 3.00% 4/1/2052 <sup>(a)</sup>  | 883 | 776 |
| Fannie Mae Pool #BV5386 3.00% 4/1/2052 <sup>(a)</sup>  | 564 | 496 |
| Fannie Mae Pool #BV5392 3.50% 4/1/2052 <sup>(a)</sup>  | 1091 | 998 |
| Fannie Mae Pool #BV6617 3.50% 4/1/2052 <sup>(a)</sup>  | 394 | 360 |
| Fannie Mae Pool #FS9189 2.00% 5/1/2052 <sup>(a)</sup>  | 7516 | 6098 |
| Fannie Mae Pool #FS5387 2.50% 5/1/2052 <sup>(a)</sup>  | 3809 | 3213 |
| Fannie Mae Pool #BV9818 2.50% 5/1/2052 <sup>(a)</sup>  | 594 | 503 |
| Fannie Mae Pool #BU6941 2.50% 5/1/2052 <sup>(a)</sup>  | 248 | 210 |
| Fannie Mae Pool #CB3665 2.50% 5/1/2052 <sup>(a)</sup>  | 24 | 20 |
| Fannie Mae Pool #BV8809 3.00% 5/1/2052 <sup>(a)</sup>  | 1988 | 1749 |
| Fannie Mae Pool #BV5578 3.00% 5/1/2052 <sup>(a)</sup>  | 1940 | 1710 |

---

American Funds Strategic Bond Fund — Page 3 of 58

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #FS4815 3.00% 5/1/2052 <sup>(a)</sup>  | USD1,753 | $1543 |
| Fannie Mae Pool #CB3496 3.00% 5/1/2052 <sup>(a)</sup>  | 945 | 833 |
| Fannie Mae Pool #BV9262 3.00% 5/1/2052 <sup>(a)</sup>  | 938 | 825 |
| Fannie Mae Pool #BT7819 3.00% 5/1/2052 <sup>(a)</sup>  | 200 | 176 |
| Fannie Mae Pool #BT8113 3.00% 5/1/2052 <sup>(a)</sup>  | 93 | 82 |
| Fannie Mae Pool #BU8818 3.50% 5/1/2052 <sup>(a)</sup>  | 742 | 678 |
| Fannie Mae Pool #FS7329 2.00% 6/1/2052 <sup>(a)</sup>  | 5192 | 4205 |
| Fannie Mae Pool #FS9860 2.00% 6/1/2052 <sup>(a)</sup>  | 724 | 586 |
| Fannie Mae Pool #BW3559 2.50% 6/1/2052 <sup>(a)</sup>  | 953 | 810 |
| Fannie Mae Pool #FS5293 2.50% 6/1/2052 <sup>(a)</sup>  | 407 | 344 |
| Fannie Mae Pool #FS5035 2.50% 6/1/2052 <sup>(a)</sup>  | 85 | 72 |
| Fannie Mae Pool #FS6634 3.00% 6/1/2052 <sup>(a)</sup>  | 17926 | 15765 |
| Fannie Mae Pool #BV5622 3.00% 6/1/2052 <sup>(a)</sup>  | 1514 | 1334 |
| Fannie Mae Pool #BV8865 3.00% 6/1/2052 <sup>(a)</sup>  | 741 | 652 |
| Fannie Mae Pool #BW3072 3.00% 6/1/2052 <sup>(a)</sup>  | 190 | 168 |
| Fannie Mae Pool #FS6986 2.00% 7/1/2052 <sup>(a)</sup>  | 10702 | 8661 |
| Fannie Mae Pool #FS7879 2.50% 7/1/2052 <sup>(a)</sup>  | 8106 | 6838 |
| Fannie Mae Pool #CB4274 2.50% 7/1/2052 <sup>(a)</sup>  | 7249 | 6121 |
| Fannie Mae Pool #MA4652 2.50% 7/1/2052 <sup>(a)</sup>  | 183 | 155 |
| Fannie Mae Pool #BW6397 3.00% 7/1/2052 <sup>(a)</sup>  | 632 | 556 |
| Fannie Mae Pool #BW7290 3.00% 7/1/2052 <sup>(a)</sup>  | 575 | 506 |
| Fannie Mae Pool #CB4360 3.00% 8/1/2052 <sup>(a)</sup>  | 1996 | 1757 |
| Fannie Mae Pool #FS2654 4.00% 8/1/2052 <sup>(a)</sup>  | 10550 | 9978 |
| Fannie Mae Pool #CB4384 4.50% 8/1/2052 <sup>(a)</sup>  | 95593 | 93714 |
| Fannie Mae Pool #MA4769 2.00% 9/1/2052 <sup>(a)</sup>  | 373 | 302 |
| Fannie Mae Pool #BX3196 3.00% 9/1/2052 <sup>(a)</sup>  | 164 | 145 |
| Fannie Mae Pool #FA1404 3.00% 9/1/2052 <sup>(a)</sup>  | 74 | 65 |
| Fannie Mae Pool #FS9324 3.50% 9/1/2052 <sup>(a)</sup>  | 444 | 406 |
| Fannie Mae Pool #CB4548 4.00% 9/1/2052 <sup>(a)</sup>  | 8168 | 7717 |
| Fannie Mae Pool #BW1192 4.50% 9/1/2052 <sup>(a)</sup>  | 11307 | 11014 |
| Fannie Mae Pool #BV8052 4.50% 9/1/2052 <sup>(a)</sup>  | 6110 | 5958 |
| Fannie Mae Pool #BW7702 4.50% 9/1/2052 <sup>(a)</sup>  | —<br> <sup>(b)</sup><br>| — <br><sup>(b)</sup><br>|
| Fannie Mae Pool #BX0959 3.00% 10/1/2052 <sup>(a)</sup>  | 122 | 107 |
| Fannie Mae Pool #CB4801 4.50% 10/1/2052 <sup>(a)</sup>  | 10940 | 10679 |
| Fannie Mae Pool #MA4785 5.00% 10/1/2052 <sup>(a)</sup>  | 145717 | 145296 |
| Fannie Mae Pool #FS5994 5.00% 10/1/2052 <sup>(a)</sup>  | 124412 | 124072 |
| Fannie Mae Pool #FS5554 4.50% 11/1/2052 <sup>(a)</sup>  | 12168 | 11828 |
| Fannie Mae Pool #BV7577 4.50% 11/1/2052 <sup>(a)</sup>  | 8663 | 8421 |
| Fannie Mae Pool #BW1392 3.00% 12/1/2052 <sup>(a)</sup>  | 622 | 548 |
| Fannie Mae Pool #MA4932 3.00% 1/1/2053 <sup>(a)</sup>  | 1982 | 1743 |
| Fannie Mae Pool #FS5520 4.50% 1/1/2053 <sup>(a)</sup>  | 17741 | 17296 |
| Fannie Mae Pool #BW5065 5.00% 1/1/2053 <sup>(a)</sup>  | 5499 | 5478 |
| Fannie Mae Pool #CB5633 4.50% 2/1/2053 <sup>(a)</sup>  | 58485 | 57010 |
| Fannie Mae Pool #BX5114 5.00% 2/1/2053 <sup>(a)</sup>  | 36816 | 36588 |
| Fannie Mae Pool #BW1849 5.00% 2/1/2053 <sup>(a)</sup>  | 1621 | 1616 |
| Fannie Mae Pool #BX6074 5.00% 3/1/2053 <sup>(a)</sup>  | 72274 | 72061 |
| Fannie Mae Pool #FS4142 5.00% 3/1/2053 <sup>(a)</sup>  | 63644 | 63460 |
| Fannie Mae Pool #CB5912 6.00% 3/1/2053 <sup>(a)</sup>  | 10507 | 10839 |
| Fannie Mae Pool #MA5000 3.50% 4/1/2053 <sup>(a)</sup>  | 496 | 454 |
| Fannie Mae Pool #CB6303 4.50% 5/1/2053 <sup>(a)</sup>  | 5009 | 4874 |
| Fannie Mae Pool #FS4563 5.00% 5/1/2053 <sup>(a)</sup>  | 4275 | 4274 |
| Fannie Mae Pool #FS4840 5.50% 5/1/2053 <sup>(a)</sup>  | 8475 | 8581 |
| Fannie Mae Pool #BW9777 3.00% 6/1/2053 <sup>(a)</sup>  | 1988 | 1749 |
| Fannie Mae Pool #MA5062 3.00% 6/1/2053 <sup>(a)</sup>  | 64 | 56 |

---

American Funds Strategic Bond Fund — Page 4 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #FS6793 4.00% 6/1/2053 <sup>(a)</sup>  | USD2,021 | $1907 |
| Fannie Mae Pool #CB6485 6.00% 6/1/2053 <sup>(a)</sup>  | 64 | 65 |
| Fannie Mae Pool #CB6486 6.00% 6/1/2053 <sup>(a)</sup>  | 39 | 40 |
| Fannie Mae Pool #CB6465 6.00% 6/1/2053 <sup>(a)</sup>  | 29 | 30 |
| Fannie Mae Pool #FS7823 2.00% 7/1/2053 <sup>(a)</sup>  | 17690 | 14339 |
| Fannie Mae Pool #FS8875 3.00% 7/1/2053 <sup>(a)</sup>  | 1968 | 1732 |
| Fannie Mae Pool #CB6626 4.00% 7/1/2053 <sup>(a)</sup>  | 361 | 340 |
| Fannie Mae Pool #CB7075 4.00% 9/1/2053 <sup>(a)</sup>  | 55093 | 52100 |
| Fannie Mae Pool #CB7076 4.00% 9/1/2053 <sup>(a)</sup>  | 33321 | 31467 |
| Fannie Mae Pool #CB7104 5.50% 9/1/2053 <sup>(a)</sup>  | 10005 | 10142 |
| Fannie Mae Pool #MA5227 3.00% 11/1/2053 <sup>(a)</sup>  | 594 | 522 |
| Fannie Mae Pool #FS6838 5.50% 11/1/2053 <sup>(a)</sup>  | 40518 | 41024 |
| Fannie Mae Pool #CB7426 6.50% 11/1/2053 <sup>(a)</sup>  | 33088 | 34381 |
| Fannie Mae Pool #CB7626 6.50% 12/1/2053 <sup>(a)</sup>  | 37542 | 39099 |
| Fannie Mae Pool #FS6873 6.50% 1/1/2054 <sup>(a)</sup>  | 13464 | 13929 |
| Fannie Mae Pool #FS6767 6.50% 1/1/2054 <sup>(a)</sup>  | 4060 | 4241 |
| Fannie Mae Pool #BY7514 6.00% 3/1/2054 <sup>(a)</sup>  | 100 | 102 |
| Fannie Mae Pool #FS7653 6.50% 3/1/2054 <sup>(a)</sup>  | 3311 | 3465 |
| Fannie Mae Pool #DB3463 5.50% 5/1/2054 <sup>(a)</sup>  | 43088 | 43527 |
| Fannie Mae Pool #DB3612 5.50% 5/1/2054 <sup>(a)</sup>  | 13445 | 13582 |
| Fannie Mae Pool #FS8223 6.00% 6/1/2054 <sup>(a)</sup>  | 2289 | 2345 |
| Fannie Mae Pool #CB8725 6.50% 6/1/2054 <sup>(a)</sup>  | 4917 | 5093 |
| Fannie Mae Pool #FS8467 5.50% 7/1/2054 <sup>(a)</sup>  | 26578 | 27039 |
| Fannie Mae Pool #FS8591 6.00% 7/1/2054 <sup>(a)</sup>  | 7053 | 7277 |
| Fannie Mae Pool #CB8858 6.00% 7/1/2054 <sup>(a)</sup>  | 4333 | 4459 |
| Fannie Mae Pool #FS8318 6.00% 7/1/2054 <sup>(a)</sup>  | 2932 | 3026 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(a)</sup>  | 487 | 498 |
| Fannie Mae Pool #CB8872 6.50% 7/1/2054 <sup>(a)</sup>  | 7555 | 7876 |
| Fannie Mae Pool #CB8876 6.50% 7/1/2054 <sup>(a)</sup>  | 2104 | 2187 |
| Fannie Mae Pool #FS8317 6.50% 7/1/2054 <sup>(a)</sup>  | 1166 | 1215 |
| Fannie Mae Pool #DB7783 5.50% 8/1/2054 <sup>(a)</sup>  | 2608 | 2640 |
| Fannie Mae Pool #FS8758 6.00% 8/1/2054 <sup>(a)</sup>  | 6717 | 6882 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(a)</sup>  | 5760 | 5902 |
| Fannie Mae Pool #DB7690 6.00% 8/1/2054 <sup>(a)</sup>  | 708 | 728 |
| Fannie Mae Pool #DC0296 6.00% 8/1/2054 <sup>(a)</sup>  | 671 | 690 |
| Fannie Mae Pool #FS8783 6.50% 8/1/2054 <sup>(a)</sup>  | 4939 | 5146 |
| Fannie Mae Pool #MA5470 5.50% 9/1/2054 <sup>(a)</sup>  | 43439 | 43864 |
| Fannie Mae Pool #BU4946 5.50% 9/1/2054 <sup>(a)</sup>  | 22314 | 22540 |
| Fannie Mae Pool #CB9210 5.50% 9/1/2054 <sup>(a)</sup>  | 15036 | 15200 |
| Fannie Mae Pool #CB9146 5.50% 9/1/2054 <sup>(a)</sup>  | 8656 | 8765 |
| Fannie Mae Pool #CB9159 6.00% 9/1/2054 <sup>(a)</sup>  | 66227 | 67980 |
| Fannie Mae Pool #DC3262 6.00% 9/1/2054 <sup>(a)</sup>  | 11738 | 12004 |
| Fannie Mae Pool #BU5048 6.00% 9/1/2054 <sup>(a)</sup>  | 8822 | 9076 |
| Fannie Mae Pool #DC3459 6.00% 9/1/2054 <sup>(a)</sup>  | 6034 | 6171 |
| Fannie Mae Pool #DC3465 6.00% 9/1/2054 <sup>(a)</sup>  | 1173 | 1200 |
| Fannie Mae Pool #MA5531 5.50% 11/1/2054 <sup>(a)</sup>  | 4072 | 4110 |
| Fannie Mae Pool #FA0287 6.00% 12/1/2054 <sup>(a)</sup>  | 13345 | 13644 |
| Fannie Mae Pool #DC6827 6.00% 12/1/2054 <sup>(a)</sup>  | 951 | 973 |
| Fannie Mae Pool #DC7023 6.00% 12/1/2054 <sup>(a)</sup>  | 205 | 210 |
| Fannie Mae Pool #MB0294 4.00% 1/1/2055 <sup>(a)</sup>  | 3961 | 3736 |
| Fannie Mae Pool #MA5587 6.00% 1/1/2055 <sup>(a)</sup>  | 736 | 753 |
| Fannie Mae Pool #DC9987 6.00% 1/1/2055 <sup>(a)</sup>  | 230 | 235 |
| Fannie Mae Pool #MA5646 5.50% 3/1/2055 <sup>(a)</sup>  | 13558 | 13682 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(a)</sup>  | 9406 | 9619 |

---

American Funds Strategic Bond Fund — Page 5 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #DD4333 6.00% 3/1/2055 <sup>(a)</sup>  | USD996 | $1018 |
| Fannie Mae Pool #DD9323 4.00% 4/1/2055 <sup>(a)</sup>  | 415 | 391 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(a)</sup>  | 9215 | 9423 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(a)</sup>  | 8796 | 8995 |
| Fannie Mae Pool #DC4756 6.00% 4/1/2055 <sup>(a)</sup>  | 615 | 632 |
| Fannie Mae Pool #DD5311 6.00% 4/1/2055 <sup>(a)</sup>  | 269 | 275 |
| Fannie Mae Pool #DD7200 6.00% 4/1/2055 <sup>(a)</sup>  | 168 | 172 |
| Fannie Mae Pool #DD8109 6.00% 4/1/2055 <sup>(a)</sup>  | 162 | 165 |
| Fannie Mae Pool #MA5697 4.00% 5/1/2055 <sup>(a)</sup>  | 377 | 355 |
| Fannie Mae Pool #MA5700 5.50% 5/1/2055 <sup>(a)</sup>  | 418 | 422 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(a)</sup>  | 12854 | 13140 |
| Fannie Mae Pool #MA5736 6.00% 6/1/2055 <sup>(a)</sup>  | 489 | 500 |
| Fannie Mae Pool #MA5761 6.00% 7/1/2055 <sup>(a)</sup>  | 84513 | 86397 |
| Fannie Mae Pool #DE4980 6.00% 7/1/2055 <sup>(a)</sup>  | 911 | 933 |
| Fannie Mae Pool #DE1549 6.00% 7/1/2055 <sup>(a)</sup>  | 499 | 510 |
| Fannie Mae Pool #CC0879 6.00% 8/1/2055 <sup>(a)</sup>  | 57787 | 59610 |
| Fannie Mae Pool #MA5793 6.00% 8/1/2055 <sup>(a)</sup>  | 32 | 33 |
| Fannie Mae Pool #BF0546 2.50% 7/1/2061 <sup>(a)</sup>  | 9118 | 7449 |
| Fannie Mae Pool #BF0762 3.00% 9/1/2063 <sup>(a)</sup>  | 4377 | 3761 |
| Fannie Mae Pool #BF0784 3.50% 12/1/2063 <sup>(a)</sup>  | 6469 | 5817 |
| Freddie Mac Pool #QA2955 3.00% 9/1/2049 <sup>(a)</sup>  | 34 | 30 |
| Freddie Mac Pool #QA9345 3.00% 5/1/2050 <sup>(a)</sup>  | 4720 | 4159 |
| Freddie Mac Pool #QB0758 3.00% 6/1/2050 <sup>(a)</sup>  | 125 | 110 |
| Freddie Mac Pool #RA3384 3.00% 8/1/2050 <sup>(a)</sup>  | 2308 | 2049 |
| Freddie Mac Pool #QB3745 2.50% 9/1/2050 <sup>(a)</sup>  | 78 | 67 |
| Freddie Mac Pool #RA3528 2.50% 9/1/2050 <sup>(a)</sup>  | 18 | 16 |
| Freddie Mac Pool #RA4206 2.50% 12/1/2050 <sup>(a)</sup>  | 614 | 518 |
| Freddie Mac Pool #QB8605 2.00% 2/1/2051 <sup>(a)</sup>  | 8041 | 6583 |
| Freddie Mac Pool #QC0085 2.00% 2/1/2051 <sup>(a)</sup>  | 289 | 233 |
| Freddie Mac Pool #QB8797 2.50% 2/1/2051 <sup>(a)</sup>  | 1551 | 1308 |
| Freddie Mac Pool #QC0462 2.00% 4/1/2051 <sup>(a)</sup>  | 16069 | 12969 |
| Freddie Mac Pool #QC0576 2.50% 4/1/2051 <sup>(a)</sup>  | 2019 | 1706 |
| Freddie Mac Pool #QC1187 2.50% 4/1/2051 <sup>(a)</sup>  | 1520 | 1284 |
| Freddie Mac Pool #SD0571 2.50% 4/1/2051 <sup>(a)</sup>  | 1449 | 1222 |
| Freddie Mac Pool #SD0566 2.50% 4/1/2051 <sup>(a)</sup>  | 763 | 644 |
| Freddie Mac Pool #QC0478 2.50% 4/1/2051 <sup>(a)</sup>  | 473 | 399 |
| Freddie Mac Pool #QC3532 2.50% 6/1/2051 <sup>(a)</sup>  | 2757 | 2329 |
| Freddie Mac Pool #SD0644 2.50% 7/1/2051 <sup>(a)</sup>  | 11003 | 9374 |
| Freddie Mac Pool #QC4764 3.00% 7/1/2051 <sup>(a)</sup>  | 876 | 772 |
| Freddie Mac Pool #QC4360 3.00% 7/1/2051 <sup>(a)</sup>  | 585 | 516 |
| Freddie Mac Pool #QC3826 3.00% 7/1/2051 <sup>(a)</sup>  | 22 | 20 |
| Freddie Mac Pool #SD8160 2.00% 8/1/2051 <sup>(a)</sup>  | 1913 | 1552 |
| Freddie Mac Pool #QC5798 2.00% 8/1/2051 <sup>(a)</sup>  | 1483 | 1200 |
| Freddie Mac Pool #QC5137 2.50% 8/1/2051 <sup>(a)</sup>  | 8717 | 7366 |
| Freddie Mac Pool #SD0718 2.50% 8/1/2051 <sup>(a)</sup>  | 6387 | 5388 |
| Freddie Mac Pool #QC5527 2.50% 8/1/2051 <sup>(a)</sup>  | 586 | 494 |
| Freddie Mac Pool #QC5857 3.00% 8/1/2051 <sup>(a)</sup>  | 894 | 786 |
| Freddie Mac Pool #QC6459 3.00% 8/1/2051 <sup>(a)</sup>  | 259 | 228 |
| Freddie Mac Pool #SD8166 2.00% 9/1/2051 <sup>(a)</sup>  | 1349 | 1096 |
| Freddie Mac Pool #SD7545 2.50% 9/1/2051 <sup>(a)</sup>  | 828 | 713 |
| Freddie Mac Pool #RA5759 2.50% 9/1/2051 <sup>(a)</sup>  | 82 | 70 |
| Freddie Mac Pool #QC6456 3.00% 9/1/2051 <sup>(a)</sup>  | 10796 | 9503 |
| Freddie Mac Pool #QC7486 3.00% 9/1/2051 <sup>(a)</sup>  | 35 | 31 |
| Freddie Mac Pool #RA6136 2.50% 10/1/2051 <sup>(a)</sup>  | 3794 | 3201 |

---

American Funds Strategic Bond Fund — Page 6 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freddie Mac Pool #SD1345 2.50% 10/1/2051 <sup>(a)</sup>  | USD2,598 | $2194 |
| Freddie Mac Pool #QC8778 2.50% 10/1/2051 <sup>(a)</sup>  | 1648 | 1390 |
| Freddie Mac Pool #QC8196 2.50% 10/1/2051 <sup>(a)</sup>  | 995 | 839 |
| Freddie Mac Pool #SD2880 3.00% 10/1/2051 <sup>(a)</sup>  | 13118 | 11630 |
| Freddie Mac Pool #QC8179 3.00% 10/1/2051 <sup>(a)</sup>  | 38 | 34 |
| Freddie Mac Pool #QD1841 2.00% 11/1/2051 <sup>(a)</sup>  | 6014 | 4868 |
| Freddie Mac Pool #RA6237 2.00% 11/1/2051 <sup>(a)</sup>  | 1172 | 945 |
| Freddie Mac Pool #QD0910 2.00% 11/1/2051 <sup>(a)</sup>  | 886 | 715 |
| Freddie Mac Pool #RA6411 2.50% 11/1/2051 <sup>(a)</sup>  | 13014 | 10978 |
| Freddie Mac Pool #QD0162 2.50% 11/1/2051 <sup>(a)</sup>  | 448 | 378 |
| Freddie Mac Pool #QD1684 3.00% 11/1/2051 <sup>(a)</sup>  | 199 | 175 |
| Freddie Mac Pool #SD8182 2.00% 12/1/2051 <sup>(a)</sup>  | 2464 | 1999 |
| Freddie Mac Pool #SD1605 2.50% 12/1/2051 <sup>(a)</sup>  | 3659 | 3087 |
| Freddie Mac Pool #QD2481 3.00% 12/1/2051 <sup>(a)</sup>  | 541 | 477 |
| Freddie Mac Pool #RA6427 3.00% 12/1/2051 <sup>(a)</sup>  | 486 | 428 |
| Freddie Mac Pool #QD5465 2.50% 1/1/2052 <sup>(a)</sup>  | 77 | 65 |
| Freddie Mac Pool #QD5204 2.50% 1/1/2052 <sup>(a)</sup>  | 53 | 45 |
| Freddie Mac Pool #QD5490 3.00% 1/1/2052 <sup>(a)</sup>  | 748 | 659 |
| Freddie Mac Pool #QD5042 3.00% 1/1/2052 <sup>(a)</sup>  | 231 | 203 |
| Freddie Mac Pool #QD4944 3.00% 1/1/2052 <sup>(a)</sup>  | 34 | 30 |
| Freddie Mac Pool #RA6816 2.00% 2/1/2052 <sup>(a)</sup>  | 6640 | 5358 |
| Freddie Mac Pool #QD6139 2.00% 2/1/2052 <sup>(a)</sup>  | 3162 | 2551 |
| Freddie Mac Pool #QD6836 2.00% 2/1/2052 <sup>(a)</sup>  | 1438 | 1164 |
| Freddie Mac Pool #QD6093 2.00% 2/1/2052 <sup>(a)</sup>  | 1299 | 1048 |
| Freddie Mac Pool #QD5748 2.00% 2/1/2052 <sup>(a)</sup>  | 1225 | 991 |
| Freddie Mac Pool #SD8193 2.00% 2/1/2052 <sup>(a)</sup>  | 1032 | 836 |
| Freddie Mac Pool #RA6771 2.00% 2/1/2052 <sup>(a)</sup>  | 818 | 660 |
| Freddie Mac Pool #QD7219 2.50% 2/1/2052 <sup>(a)</sup>  | 190 | 160 |
| Freddie Mac Pool #RA6806 3.00% 2/1/2052 <sup>(a)</sup>  | 10526 | 9257 |
| Freddie Mac Pool #RA6856 3.00% 2/1/2052 <sup>(a)</sup>  | 1988 | 1752 |
| Freddie Mac Pool #QD5990 3.00% 2/1/2052 <sup>(a)</sup>  | 993 | 875 |
| Freddie Mac Pool #QD6553 3.00% 2/1/2052 <sup>(a)</sup>  | 929 | 818 |
| Freddie Mac Pool #QD6279 3.00% 2/1/2052 <sup>(a)</sup>  | 808 | 711 |
| Freddie Mac Pool #SD8199 2.00% 3/1/2052 <sup>(a)</sup>  | 16512 | 13382 |
| Freddie Mac Pool #SD5343 2.00% 3/1/2052 <sup>(a)</sup>  | 5398 | 4374 |
| Freddie Mac Pool #RA6973 2.00% 3/1/2052 <sup>(a)</sup>  | 4153 | 3363 |
| Freddie Mac Pool #QD8103 2.00% 3/1/2052 <sup>(a)</sup>  | 1505 | 1218 |
| Freddie Mac Pool #QD8408 2.00% 3/1/2052 <sup>(a)</sup>  | 1191 | 964 |
| Freddie Mac Pool #RA8942 2.50% 3/1/2052 <sup>(a)</sup>  | 441 | 374 |
| Freddie Mac Pool #SD3226 2.50% 3/1/2052 <sup>(a)</sup>  | 143 | 121 |
| Freddie Mac Pool #RA7021 2.50% 3/1/2052 <sup>(a)</sup>  | 55 | 46 |
| Freddie Mac Pool #QD7993 2.50% 3/1/2052 <sup>(a)</sup>  | 22 | 19 |
| Freddie Mac Pool #QD8560 3.00% 3/1/2052 <sup>(a)</sup>  | 635 | 559 |
| Freddie Mac Pool #QD7852 3.00% 3/1/2052 <sup>(a)</sup>  | 79 | 70 |
| Freddie Mac Pool #SD2494 3.50% 3/1/2052 <sup>(a)</sup>  | 394 | 360 |
| Freddie Mac Pool #SD8204 2.00% 4/1/2052 <sup>(a)</sup>  | 4142 | 3349 |
| Freddie Mac Pool #QE0312 2.00% 4/1/2052 <sup>(a)</sup>  | 1654 | 1338 |
| Freddie Mac Pool #SD7554 2.50% 4/1/2052 <sup>(a)</sup>  | 444 | 381 |
| Freddie Mac Pool #QD9323 2.50% 4/1/2052 <sup>(a)</sup>  | 127 | 108 |
| Freddie Mac Pool #QE1005 2.50% 4/1/2052 <sup>(a)</sup>  | 85 | 72 |
| Freddie Mac Pool #QE0025 2.50% 4/1/2052 <sup>(a)</sup>  | 51 | 43 |
| Freddie Mac Pool #SD3478 2.50% 4/1/2052 <sup>(a)</sup>  | 34 | 29 |
| Freddie Mac Pool #QE0305 3.00% 4/1/2052 <sup>(a)</sup>  | 46 | 41 |
| Freddie Mac Pool #SL0316 2.00% 5/1/2052 <sup>(a)</sup>  | 10077 | 8167 |

---

American Funds Strategic Bond Fund — Page 7 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freddie Mac Pool #QE2352 2.50% 5/1/2052 <sup>(a)</sup>  | USD225 | $190 |
| Freddie Mac Pool #SD8213 3.00% 5/1/2052 <sup>(a)</sup>  | 16956 | 14937 |
| Freddie Mac Pool #QE5296 3.00% 5/1/2052 <sup>(a)</sup>  | 60 | 53 |
| Freddie Mac Pool #QE1603 3.00% 5/1/2052 <sup>(a)</sup>  | 21 | 19 |
| Freddie Mac Pool #SD5109 2.00% 6/1/2052 <sup>(a)</sup>  | 6940 | 5622 |
| Freddie Mac Pool #SD4807 2.00% 6/1/2052 <sup>(a)</sup>  | 4389 | 3561 |
| Freddie Mac Pool #QE4044 2.50% 6/1/2052 <sup>(a)</sup>  | 149 | 126 |
| Freddie Mac Pool #SD8220 3.00% 6/1/2052 <sup>(a)</sup>  | 3317 | 2919 |
| Freddie Mac Pool #SD6203 3.00% 6/1/2052 <sup>(a)</sup>  | 2666 | 2345 |
| Freddie Mac Pool #SD4120 3.00% 6/1/2052 <sup>(a)</sup>  | 272 | 239 |
| Freddie Mac Pool #SD8225 3.00% 7/1/2052 <sup>(a)</sup>  | 15677 | 13789 |
| Freddie Mac Pool #SD3019 3.00% 7/1/2052 <sup>(a)</sup>  | 5143 | 4529 |
| Freddie Mac Pool #SD1502 4.00% 7/1/2052 <sup>(a)</sup>  | 17321 | 16375 |
| Freddie Mac Pool #SD1406 2.00% 8/1/2052 <sup>(a)</sup>  | 749 | 607 |
| Freddie Mac Pool #SD8235 3.00% 8/1/2052 <sup>(a)</sup>  | 962 | 846 |
| Freddie Mac Pool #QE8579 4.50% 8/1/2052 <sup>(a)</sup>  | 3220 | 3152 |
| Freddie Mac Pool #SD8242 3.00% 9/1/2052 <sup>(a)</sup>  | 17289 | 15215 |
| Freddie Mac Pool #QF0154 3.00% 9/1/2052 <sup>(a)</sup>  | 284 | 250 |
| Freddie Mac Pool #QF0212 4.50% 9/1/2052 <sup>(a)</sup>  | 14427 | 14069 |
| Freddie Mac Pool #QF0213 4.50% 9/1/2052 <sup>(a)</sup>  | 8077 | 7874 |
| Freddie Mac Pool #QE9497 4.50% 9/1/2052 <sup>(a)</sup>  | 3553 | 3477 |
| Freddie Mac Pool #SD1608 4.50% 9/1/2052 <sup>(a)</sup>  | 2132 | 2078 |
| Freddie Mac Pool #QF0980 3.00% 10/1/2052 <sup>(a)</sup>  | 50 | 44 |
| Freddie Mac Pool #QF1236 4.50% 10/1/2052 <sup>(a)</sup>  | 20969 | 20447 |
| Freddie Mac Pool #SD2465 4.50% 10/1/2052 <sup>(a)</sup>  | 1436 | 1400 |
| Freddie Mac Pool #SD8258 5.00% 10/1/2052 <sup>(a)</sup>  | 14913 | 14871 |
| Freddie Mac Pool #SD8263 3.00% 11/1/2052 <sup>(a)</sup>  | 1961 | 1726 |
| Freddie Mac Pool #SD2602 3.00% 12/1/2052 <sup>(a)</sup>  | 4393 | 3866 |
| Freddie Mac Pool #SD8276 5.00% 12/1/2052 <sup>(a)</sup>  | 32844 | 32747 |
| Freddie Mac Pool #SD8284 3.00% 1/1/2053 <sup>(a)</sup>  | 1961 | 1725 |
| Freddie Mac Pool #QF6262 3.00% 1/1/2053 <sup>(a)</sup>  | 697 | 613 |
| Freddie Mac Pool #SD8288 5.00% 1/1/2053 <sup>(a)</sup>  | 94556 | 94278 |
| Freddie Mac Pool #QF5426 5.00% 1/1/2053 <sup>(a)</sup>  | 8462 | 8436 |
| Freddie Mac Pool #SD8320 3.00% 2/1/2053 <sup>(a)</sup>  | 998 | 878 |
| Freddie Mac Pool #QF7590 5.00% 2/1/2053 <sup>(a)</sup>  | 15000 | 14954 |
| Freddie Mac Pool #QF8385 5.00% 2/1/2053 <sup>(a)</sup>  | 2270 | 2264 |
| Freddie Mac Pool #QF9074 5.00% 2/1/2053 <sup>(a)</sup>  | 943 | 941 |
| Freddie Mac Pool #QF9466 3.00% 3/1/2053 <sup>(a)</sup>  | 255 | 225 |
| Freddie Mac Pool #SD2515 5.00% 3/1/2053 <sup>(a)</sup>  | 83251 | 83006 |
| Freddie Mac Pool #QF8705 5.00% 3/1/2053 <sup>(a)</sup>  | 20784 | 20719 |
| Freddie Mac Pool #SD2716 5.00% 4/1/2053 <sup>(a)</sup>  | 6547 | 6547 |
| Freddie Mac Pool #SD8315 5.00% 4/1/2053 <sup>(a)</sup>  | 89 | 88 |
| Freddie Mac Pool #RA8647 4.50% 5/1/2053 <sup>(a)</sup>  | 1442 | 1406 |
| Freddie Mac Pool #RA9279 6.00% 6/1/2053 <sup>(a)</sup>  | 388 | 400 |
| Freddie Mac Pool #RA9283 6.00% 6/1/2053 <sup>(a)</sup>  | 339 | 348 |
| Freddie Mac Pool #RA9281 6.00% 6/1/2053 <sup>(a)</sup>  | 231 | 238 |
| Freddie Mac Pool #RA9284 6.00% 6/1/2053 <sup>(a)</sup>  | 189 | 197 |
| Freddie Mac Pool #QG7176 3.00% 7/1/2053 <sup>(a)</sup>  | 8630 | 7590 |
| Freddie Mac Pool #RA9735 2.50% 8/1/2053 <sup>(a)</sup>  | 34 | 28 |
| Freddie Mac Pool #SD3512 6.00% 8/1/2053 <sup>(a)</sup>  | 2427 | 2489 |
| Freddie Mac Pool #RJ0147 2.50% 9/1/2053 <sup>(a)</sup>  | 371 | 313 |
| Freddie Mac Pool #SD8362 5.50% 9/1/2053 <sup>(a)</sup>  | 9581 | 9684 |
| Freddie Mac Pool #SL0419 3.00% 10/1/2053 <sup>(a)</sup>  | 8822 | 7772 |
| Freddie Mac Pool #RJ0326 6.50% 11/1/2053 <sup>(a)</sup>  | 1337 | 1389 |

---

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freddie Mac Pool #SD6284 2.00% 1/1/2054 <sup>(a)</sup>  | USD5,824 | $4714 |
| Freddie Mac Pool #QI3333 6.00% 4/1/2054 <sup>(a)</sup>  | 993 | 1024 |
| Freddie Mac Pool #SD5221 6.50% 4/1/2054 <sup>(a)</sup>  | 4809 | 5031 |
| Freddie Mac Pool #SD5692 6.00% 5/1/2054 <sup>(a)</sup>  | 1251 | 1290 |
| Freddie Mac Pool #SD5701 6.50% 6/1/2054 <sup>(a)</sup>  | 4518 | 4707 |
| Freddie Mac Pool #RJ1964 6.00% 7/1/2054 <sup>(a)</sup>  | 8851 | 9172 |
| Freddie Mac Pool #SD5873 6.00% 7/1/2054 <sup>(a)</sup>  | 8923 | 9140 |
| Freddie Mac Pool #RJ1975 6.00% 7/1/2054 <sup>(a)</sup>  | 6654 | 6832 |
| Freddie Mac Pool #SD5896 6.00% 7/1/2054 <sup>(a)</sup>  | 1879 | 1927 |
| Freddie Mac Pool #SD6143 6.00% 7/1/2054 <sup>(a)</sup>  | 354 | 362 |
| Freddie Mac Pool #QI9151 6.50% 7/1/2054 <sup>(a)</sup>  | 5684 | 5924 |
| Freddie Mac Pool #SD6286 5.50% 8/1/2054 <sup>(a)</sup>  | 4520 | 4595 |
| Freddie Mac Pool #RJ2216 6.00% 8/1/2054 <sup>(a)</sup>  | 32147 | 32938 |
| Freddie Mac Pool #QJ3296 6.00% 8/1/2054 <sup>(a)</sup>  | 6495 | 6648 |
| Freddie Mac Pool #QJ0883 6.00% 8/1/2054 <sup>(a)</sup>  | 196 | 201 |
| Freddie Mac Pool #RJ2222 6.50% 8/1/2054 <sup>(a)</sup>  | 17171 | 17899 |
| Freddie Mac Pool #SD6034 6.50% 8/1/2054 <sup>(a)</sup>  | 9890 | 10309 |
| Freddie Mac Pool #RJ2247 6.50% 8/1/2054 <sup>(a)</sup>  | 6110 | 6359 |
| Freddie Mac Pool #SD6047 6.50% 8/1/2054 <sup>(a)</sup>  | 3595 | 3763 |
| Freddie Mac Pool #RJ2228 6.50% 8/1/2054 <sup>(a)</sup>  | 3503 | 3629 |
| Freddie Mac Pool #SD6035 6.50% 8/1/2054 <sup>(a)</sup>  | 2504 | 2609 |
| Freddie Mac Pool #QJ3044 5.50% 9/1/2054 <sup>(a)</sup>  | 44778 | 45239 |
| Freddie Mac Pool #SD8462 5.50% 9/1/2054 <sup>(a)</sup>  | 43447 | 43868 |
| Freddie Mac Pool #RJ2422 5.50% 9/1/2054 <sup>(a)</sup>  | 18471 | 18693 |
| Freddie Mac Pool #RJ2415 5.50% 9/1/2054 <sup>(a)</sup>  | 7735 | 7872 |
| Freddie Mac Pool #RJ2408 5.50% 9/1/2054 <sup>(a)</sup>  | 7015 | 7095 |
| Freddie Mac Pool #SD6578 6.00% 9/1/2054 <sup>(a)</sup>  | 47956 | 49459 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(a)</sup>  | 26149 | 26814 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(a)</sup>  | 13231 | 13652 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(a)</sup>  | 12574 | 13000 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(a)</sup>  | 8090 | 8289 |
| Freddie Mac Pool #SD6271 6.50% 9/1/2054 <sup>(a)</sup>  | 4389 | 4555 |
| Freddie Mac Pool #RJ2474 6.50% 9/1/2054 <sup>(a)</sup>  | 3992 | 4140 |
| Freddie Mac Pool #RJ2320 6.50% 9/1/2054 <sup>(a)</sup>  | 3269 | 3407 |
| Freddie Mac Pool #RJ2411 6.50% 9/1/2054 <sup>(a)</sup>  | 2652 | 2755 |
| Freddie Mac Pool #QJ4693 6.50% 9/1/2054 <sup>(a)</sup>  | 2098 | 2186 |
| Freddie Mac Pool #RJ2325 6.50% 9/1/2054 <sup>(a)</sup>  | 1744 | 1811 |
| Freddie Mac Pool #RJ2470 6.50% 9/1/2054 <sup>(a)</sup>  | 1375 | 1424 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(a)</sup>  | 55180 | 55704 |
| Freddie Mac Pool #SL1418 6.00% 10/1/2054 <sup>(a)</sup>  | 14985 | 15330 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(a)</sup>  | 79422 | 80175 |
| Freddie Mac Pool #RJ3596 6.00% 11/1/2054 <sup>(a)</sup>  | 783 | 801 |
| Freddie Mac Pool #RJ2838 6.00% 11/1/2054 <sup>(a)</sup>  | 562 | 575 |
| Freddie Mac Pool #QJ7363 6.00% 11/1/2054 <sup>(a)</sup>  | 281 | 288 |
| Freddie Mac Pool #QX1414 5.50% 12/1/2054 <sup>(a)</sup>  | 122 | 123 |
| Freddie Mac Pool #QX0553 6.00% 12/1/2054 <sup>(a)</sup>  | 437 | 447 |
| Freddie Mac Pool #SD8496 6.00% 1/1/2055 <sup>(a)</sup>  | 1971 | 2016 |
| Freddie Mac Pool #RJ4292 5.50% 2/1/2055 <sup>(a)</sup>  | 5973 | 6027 |
| Freddie Mac Pool #SD8506 5.50% 2/1/2055 <sup>(a)</sup>  | 2162 | 2182 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(a)</sup>  | 7550 | 7724 |
| Freddie Mac Pool #QX6724 6.00% 2/1/2055 <sup>(a)</sup>  | 469 | 479 |
| Freddie Mac Pool #QX6717 6.00% 2/1/2055 <sup>(a)</sup>  | 314 | 323 |
| Freddie Mac Pool #SL0585 5.50% 3/1/2055 <sup>(a)</sup>  | 223 | 225 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(a)</sup>  | 11289 | 11546 |

---

American Funds Strategic Bond Fund — Page 9 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freddie Mac Pool #SL0924 6.00% 3/1/2055 <sup>(a)</sup>  | USD4,854 | $4970 |
| Freddie Mac Pool #QX9923 6.00% 3/1/2055 <sup>(a)</sup>  | 160 | 165 |
| Freddie Mac Pool #QY1239 4.00% 4/1/2055 <sup>(a)</sup>  | 1689 | 1593 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(a)</sup>  | 82764 | 84627 |
| Freddie Mac Pool #SL1413 6.00% 4/1/2055 <sup>(a)</sup>  | 320 | 328 |
| Freddie Mac Pool #QX9672 6.00% 4/1/2055 <sup>(a)</sup>  | 94 | 96 |
| Freddie Mac Pool #SL1416 6.00% 4/1/2055 <sup>(a)</sup>  | 30 | 31 |
| Freddie Mac Pool #QY2903 4.00% 5/1/2055 <sup>(a)</sup>  | 7582 | 7151 |
| Freddie Mac Pool #RQ0019 4.00% 5/1/2055 <sup>(a)</sup>  | 399 | 376 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(a)</sup>  | 131352 | 134280 |
| Freddie Mac Pool #RJ4529 6.00% 5/1/2055 <sup>(a)</sup>  | 1779 | 1820 |
| Freddie Mac Pool #QY3449 6.00% 5/1/2055 <sup>(a)</sup>  | 350 | 358 |
| Freddie Mac Pool #QY3446 6.00% 5/1/2055 <sup>(a)</sup>  | 219 | 224 |
| Freddie Mac Pool #RQ0010 4.00% 6/1/2055 <sup>(a)</sup>  | 491 | 463 |
| Freddie Mac Pool #RQ0012 5.00% 6/1/2055 <sup>(a)</sup>  | 5539 | 5498 |
| Freddie Mac Pool #RQ0013 5.50% 6/1/2055 <sup>(a)</sup>  | 14097 | 14223 |
| Freddie Mac Pool #QY6303 6.00% 6/1/2055 <sup>(a)</sup>  | 24524 | 25070 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(a)</sup>  | 1219 | 1246 |
| Freddie Mac Pool #RQ0041 6.00% 8/1/2055 <sup>(a)</sup>  | 80627 | 82424 |
| Freddie Mac, Series K142, Class A2, 2.40% 3/25/2032 <sup>(a)</sup>  | 24762 | 22274 |
| Government National Mortgage Assn. Pool #MA7881 2.50% 2/20/2052 <sup>(a)</sup>  | 6382 | 5507 |
| Government National Mortgage Assn. Pool #MA7987 2.50% 4/20/2052 <sup>(a)</sup>  | 6749 | 5817 |
| Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052 <sup>(a)</sup>  | 68746 | 65268 |
| Government National Mortgage Assn. Pool #MA8426 4.00% 11/20/2052 <sup>(a)</sup>  | 35119 | 33402 |
| Government National Mortgage Assn. Pool #MA9014 4.00% 7/20/2053 <sup>(a)</sup>  | 75897 | 72005 |
| Government National Mortgage Assn. Pool #MA9776 4.00% 7/20/2054 <sup>(a)</sup>  | 22326 | 21122 |
| Uniform Mortgage-Backed Security 2.50% 10/1/2055 <sup>(a)(c)</sup>  | 97583 | 82228 |
| Uniform Mortgage-Backed Security 3.50% 10/1/2055 <sup>(a)(c)</sup>  | 18274 | 16698 |
| Uniform Mortgage-Backed Security 4.00% 10/1/2055 <sup>(a)(c)</sup>  | 5083 | 4791 |
| Uniform Mortgage-Backed Security 5.50% 10/1/2055 <sup>(a)(c)</sup>  | 6517 | 6571 |
| Uniform Mortgage-Backed Security 6.00% 10/1/2055 <sup>(a)(c)</sup>  | 353499 | 361185 |
| Uniform Mortgage-Backed Security 7.00% 10/1/2055 <sup>(a)(c)</sup>  | 37613 | 39347 |
| Uniform Mortgage-Backed Security 2.50% 11/1/2055 <sup>(a)(c)</sup>  | 11968 | 10087 |
| Uniform Mortgage-Backed Security 3.50% 11/1/2055 <sup>(a)(c)</sup>  | 57362 | 52399 |
| Uniform Mortgage-Backed Security 5.50% 11/1/2055 <sup>(a)(c)</sup>  | 3149 | 3173 |
| Uniform Mortgage-Backed Security 6.00% 11/1/2055 <sup>(a)(c)</sup>  | 19935 | 20363 |
|  |  | 4872529 |
| **Commercial mortgage-backed securities 5.00%** |  |  |
| 3650R Commercial Mortgage Trust, Series 2022-PF2, Class B, 5.291% 11/15/2055 <sup>(a)(d)</sup>  | 3591 | 3490 |
| 3650R Commercial Mortgage Trust, Series 2022-PF2, Class AS, 5.291% 11/15/2055 <sup>(a)(d)</sup>  | 2000 | 2000 |
| ALA Trust, Series 2025-OANA, Class A, (1-month USD CME Term SOFR + 1.743%) 5.894% 6/15/2040 <sup>(a)(d)(e)</sup>  | 21300 | 21442 |
| ALA Trust, Series 2025-OANA, Class C, (1-month USD CME Term SOFR + 2.092%) 6.243% 6/15/2040 <sup>(a)(d)(e)</sup>  | 2856 | 2885 |
| AMSR Trust, Series 2025-SFR1, Class D, 3.655% 6/17/2042 <sup>(a)(e)</sup>  | 426 | 398 |
| Arbor Multi Family Mortgage Securities Trust, Series 2020-MF1, Class B, 3.597% 5/15/2053 <sup>(a)(d)</sup>  | 1500 | 1420 |
| Arbor Multi Family Mortgage Securities Trust, Series 2021-MF3, Class B, 2.511% 10/15/2054 <sup>(a)(e)</sup>  | 375 | 324 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class C, 6.377% 11/10/2029 <sup>(a)(d)(e)</sup>  | 1949 | 1976 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class D, 7.679% 11/10/2029 <sup>(a)(d)(e)</sup>  | 5903 | 6019 |
| Banc of America Commercial Mortgage, Inc., Series 2016-UB10, Class C, 4.819% 7/15/2049 <sup>(a)(d)</sup>  | 2500 | 2427 |
| Bank Commercial Mortgage Trust, Series 2023-5YR2, Class C, 7.403% 7/15/2028 <sup>(a)(d)</sup>  | 915 | 946 |
| Bank Commercial Mortgage Trust, Series 2021-BN35, Class B, 2.528% 8/15/2031 <sup>(a)(d)</sup>  | 5000 | 4306 |
| Bank Commercial Mortgage Trust, Series 2022-BNK44, Class B, 5.746% 11/15/2032 <sup>(a)(d)</sup>  | 1111 | 1129 |
| Bank Commercial Mortgage Trust, Series 2019-BN23, Class C, 3.503% 12/15/2052 <sup>(a)(d)</sup>  | 2994 | 2659 |
| Bank Commercial Mortgage Trust, Series 2022-BNK43, Class B, 5.151% 8/15/2055 <sup>(a)(d)</sup>  | 1750 | 1667 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Bank Commercial Mortgage Trust, Series 2023-BNK45, Class B, 6.148% 2/15/2056 <sup>(a)(d)</sup>  | USD1,873 | $1952 |
| Bank Commercial Mortgage Trust, Series 2023-BNK45, Class C, 6.28% 2/15/2056 <sup>(a)(d)</sup>  | 1297 | 1323 |
| Bank Commercial Mortgage Trust, Series 2023-5YR1, Class B, 6.409% 4/15/2056 <sup>(a)(d)</sup>  | 1741 | 1798 |
| Bank Commercial Mortgage Trust, Series 2023-BNK46, Class C, 6.774% 8/15/2056 <sup>(a)(d)</sup>  | 1480 | 1556 |
| Bank Commercial Mortgage Trust, Series 2023-BNK46, Class B, 6.774% 8/15/2056 <sup>(a)(d)</sup>  | 1193 | 1278 |
| Bank Commercial Mortgage Trust, Series 2023-5YR4, Class C, 7.605% 12/15/2056 <sup>(a)(d)</sup>  | 4 | 5 |
| Bank Commercial Mortgage Trust, Series 2024-5YR9, Class B, 6.483% 8/15/2057 <sup>(a)(d)</sup>  | 1866 | 1947 |
| Bank Commercial Mortgage Trust, Series 2024-5YR11, Class A3, 5.893% 11/15/2057 <sup>(a)</sup>  | 35763 | 37643 |
| Bank Commercial Mortgage Trust, Series 2024-5YR11, Class B, 6.533% 11/15/2057 <sup>(a)(d)</sup>  | 1578 | 1644 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class B, 6.277% 12/15/2057 <sup>(a)(d)</sup>  | 1327 | 1384 |
| Bank Commercial Mortgage Trust, Series 2025-5YR14, Class C, 6.463% 4/15/2058 <sup>(a)(d)</sup>  | 3993 | 4107 |
| Bank Commercial Mortgage Trust, Series 2025-5YR14, Class B, 6.474% 4/15/2058 <sup>(a)(d)</sup>  | 4192 | 4395 |
| Bank Commercial Mortgage Trust, Series 2017-BNK5, Class C, 4.209% 6/15/2060 <sup>(a)(d)</sup>  | 1900 | 1818 |
| Bank Commercial Mortgage Trust, Series 2017-BNK7, Class C, 3.973% 9/15/2060 <sup>(a)(d)</sup>  | 1964 | 1761 |
| Bank Commercial Mortgage Trust, Series 2019-BN18, Class C, 4.21% 5/15/2062 <sup>(a)(d)</sup>  | 2500 | 2102 |
| Bank Commercial Mortgage Trust, Series 2019-BN20, Class B, 3.395% 9/15/2062 <sup>(a)(d)</sup>  | 1905 | 1658 |
| Bank Commercial Mortgage Trust, Series 2020-BN25, Class C, 3.349% 1/15/2063 <sup>(a)(d)</sup>  | 3340 | 2937 |
| Bank Commercial Mortgage Trust, Series 2020-BN26, Class C, 3.414% 3/15/2063 <sup>(a)(d)</sup>  | 4215 | 3607 |
| Bank Commercial Mortgage Trust, Series 2022-BNK40, Class AS, 3.504% 3/15/2064 <sup>(a)(d)</sup>  | 750 | 681 |
| Bank Commercial Mortgage Trust, Series 2022-BNK40, Class B, 3.507% 3/15/2064 <sup>(a)(d)</sup>  | 727 | 642 |
| Bank Commercial Mortgage Trust, Series 2021-BN36, Class B, 2.867% 9/15/2064 <sup>(a)</sup>  | 5750 | 4895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays Commercial Mortgage Securities, LLC, Series 2018-TALL, Class A, ((1-month USD CME Term SOFR + <br> 0.047%) + 0.872%) 5.069% 3/15/2037 <sup>(a)(d)(e)</sup>  | 2667 | 2532 |
| Barclays Commercial Mortgage Securities, LLC, Series 2017-C1, Class B, 4.089% 2/15/2050 <sup>(a)</sup>  | 3564 | 3347 |
| Barclays Commercial Mortgage Securities, LLC, Series 2022-C15, Class C, 3.931% 4/15/2055 <sup>(a)(d)</sup>  | 4842 | 4127 |
| Barclays Commercial Mortgage Securities, LLC, Series 2022-C17, Class B, 4.889% 9/15/2055 <sup>(a)(d)</sup>  | 2054 | 1980 |
| Barclays Commercial Mortgage Securities, LLC, Series 2022-C18, Class C, 6.168% 12/15/2055 <sup>(a)(d)</sup>  | 5194 | 5304 |
| Barclays Commercial Mortgage Securities, LLC, Series 2023-C22, Class C, 7.131% 11/15/2056 <sup>(a)(d)</sup>  | 457 | 467 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-C24, Class C, 6.00% 2/15/2057 <sup>(a)</sup>  | 207 | 208 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-C26, Class C, 6.00% 5/15/2057 <sup>(a)(d)</sup>  | 3071 | 3109 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-5C27, Class B, 6.70% 7/15/2057 <sup>(a)(d)</sup>  | 1828 | 1918 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-C28, Class B, 5.894% 9/15/2057 <sup>(a)(d)</sup>  | 1590 | 1634 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-C30, Class B, 6.031% 11/15/2057 <sup>(a)(d)</sup>  | 707 | 733 |
| Barclays Commercial Mortgage Securities, LLC, Series 2025-5C34, Class B, 6.542% 5/15/2058 <sup>(a)(d)</sup>  | 590 | 621 |
| Barclays Commercial Mortgage Securities, LLC, Series 2025-5C34, Class C, 6.807% 5/15/2058 <sup>(a)(d)</sup>  | 1500 | 1578 |
| Barclays Commercial Mortgage Securities, LLC, Series 2025-C32, Class C, 6.125% 2/15/2062 <sup>(a)</sup>  | 2394 | 2431 |
| Benchmark Mortgage Trust, Series 2018-B1, Class B, 4.059% 1/15/2051 <sup>(a)(d)</sup>  | 1328 | 1243 |
| Benchmark Mortgage Trust, Series 2018-B2, Class B, 4.293% 2/15/2051 <sup>(a)(d)</sup>  | 2325 | 2072 |
| Benchmark Mortgage Trust, Series 2018-B3, Class B, 4.295% 4/10/2051 <sup>(a)(d)</sup>  | 1500 | 1401 |
| Benchmark Mortgage Trust, Series 2019-B11, Class B, 3.955% 5/15/2052 <sup>(a)(d)</sup>  | 2500 | 2190 |
| Benchmark Mortgage Trust, Series 2020-B20, Class B, 2.527% 10/15/2053 <sup>(a)</sup>  | 1075 | 862 |
| Benchmark Mortgage Trust, Series 2020-B21, Class C, 3.329% 12/17/2053 <sup>(a)(d)</sup>  | 1000 | 809 |
| Benchmark Mortgage Trust, Series 2021-B23, Class B, 2.095% 2/15/2054 <sup>(a)</sup>  | 1995 | 1513 |
| Benchmark Mortgage Trust, Series 2021-B23, Class C, 2.563% 2/15/2054 <sup>(a)(d)</sup>  | 1500 | 1089 |
| Benchmark Mortgage Trust, Series 2021-B24, Class C, 3.293% 3/15/2054 <sup>(a)(d)</sup>  | 3895 | 2989 |
| Benchmark Mortgage Trust, Series 2021-B25, Class B, 2.635% 4/15/2054 <sup>(a)</sup>  | 500 | 389 |
| Benchmark Mortgage Trust, Series 2022-B34, Class A5, 3.786% 4/15/2055 <sup>(a)(d)</sup>  | 3368 | 3145 |
| Benchmark Mortgage Trust, Series 2022-B35, Class C, 4.594% 5/15/2055 <sup>(a)(d)</sup>  | 2407 | 2027 |
| Benchmark Mortgage Trust, Series 2022-B36, Class B, 4.87% 7/15/2055 <sup>(a)(d)</sup>  | 2500 | 2443 |
| Benchmark Mortgage Trust, Series 2023-V3, Class B, 6.924% 7/15/2056 <sup>(a)</sup>  | 1498 | 1554 |
| Benchmark Mortgage Trust, Series 2023-B40, Class B, 6.581% 12/15/2056 <sup>(a)(d)</sup>  | 1786 | 1891 |
| Benchmark Mortgage Trust, Series 2024-V5, Class C, 6.973% 1/10/2057 <sup>(a)(d)</sup>  | 184 | 190 |
| Benchmark Mortgage Trust, Series 2024-V8, Class B, 6.947% 7/15/2057 <sup>(a)(d)</sup>  | 1422 | 1511 |
| Benchmark Mortgage Trust, Series 2019-B13, Class B, 3.335% 8/15/2057 <sup>(a)(d)</sup>  | 4087 | 3601 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Benchmark Mortgage Trust, Series 2025-V16, Class B, 6.339% 8/15/2057 <sup>(a)(d)</sup>  | USD1,580 | $1639 |
| Benchmark Mortgage Trust, Series 2024-V9, Class B, 6.466% 8/15/2057 <sup>(a)</sup>  | 867 | 903 |
| Benchmark Mortgage Trust, Series 2024-V11, Class B, 6.373% 11/15/2057 <sup>(a)(d)</sup>  | 1216 | 1264 |
| Benchmark Mortgage Trust, Series 2025-V15, Class C, 6.268% 6/15/2058 <sup>(a)(d)</sup>  | 1578 | 1608 |
| Benchmark Mortgage Trust, Series 2025-V15, Class B, 6.4253% 6/15/2058 <sup>(a)(d)</sup>  | 1236 | 1292 |
| BFLD Trust, Series 2025-5MW, Class A, 4.674% 10/10/2042 <sup>(a)(d)(e)</sup>  | 3293 | 3288 |
| BFLD Trust, Series 2025-5MW, Class D, 6.371% 10/10/2042 <sup>(a)(d)(e)</sup>  | 1153 | 1162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust, Series 2024-IND2, Class D, (1-month USD CME Term SOFR + 2.59%) 6.741% <br> 3/15/2041 <sup>(a)(d)(e)</sup>  | 1919 | 1921 |
| BMO Mortgage Trust, Series 2023-C4, Class B, 5.395% 2/15/2056 <sup>(a)(d)</sup>  | 948 | 962 |
| BMO Mortgage Trust, Series 2023-5C1, Class A3, 6.534% 8/15/2056 <sup>(a)(d)</sup>  | 41374 | 43472 |
| BMO Mortgage Trust, Series 2023-5C1, Class B, 6.96% 8/15/2056 <sup>(a)(d)</sup>  | 2804 | 2932 |
| BMO Mortgage Trust, Series 2023-5C1, Class C, 7.355% 8/15/2056 <sup>(a)(d)</sup>  | 1075 | 1111 |
| BMO Mortgage Trust, Series 2024-5C3, Class D, 4.00% 2/15/2057 <sup>(a)(e)</sup>  | 167 | 150 |
| BMO Mortgage Trust, Series 2024-5C3, Class C, 6.859% 2/15/2057 <sup>(a)(d)</sup>  | 1372 | 1409 |
| BMO Mortgage Trust, Series 2024-5C5, Class B, 6.98% 2/15/2057 <sup>(a)(d)</sup>  | 1620 | 1696 |
| BMO Mortgage Trust, Series 2024-5C5, Class C, 7.112% 2/15/2057 <sup>(a)(d)</sup>  | 1175 | 1219 |
| BMO Mortgage Trust, Series 2024-5C4, Class C, 7.252% 5/15/2057 <sup>(a)(d)</sup>  | 854 | 884 |
| BMO Mortgage Trust, Series 2024-C9, Class B, 6.561% 7/15/2057 <sup>(a)(d)</sup>  | 1422 | 1509 |
| BMO Mortgage Trust, Series 2024-5C6, Class C, 5.885% 9/15/2057 <sup>(a)(d)</sup>  | 575 | 577 |
| BMO Mortgage Trust, Series 2024-C10, Class B, 6.079% 11/15/2057 <sup>(a)(d)</sup>  | 578 | 595 |
| BMO Mortgage Trust, Series 2024-5C7, Class B, 6.198% 11/15/2057 <sup>(a)(d)</sup>  | 1000 | 1034 |
| BMP Trust, Series 2024-MF23, Class E, (1-month USD CME Term SOFR + 3.389%) 7.539% 6/15/2041 <sup>(a)(d)(e)</sup>  | 3611 | 3621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boca Commercial Mortgage Trust, Series 2024-BOCA, Class B, (1-month USD CME Term SOFR + 2.839%) 6.99% <br> 8/15/2041 <sup>(a)(d)(e)</sup>  | 1460 | 1471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2021-VOLT, Class A, (1-month USD CME Term SOFR + 0.814%) 4.965% <br> 9/15/2036 <sup>(a)(d)(e)</sup>  | 22158 | 22095 |
| BX Trust, Series 2022-CSMO, Class B, (1-month USD CME Term SOFR + 3.141%) 7.291% 6/15/2027 <sup>(a)(d)(e)</sup>  | 3000 | 3037 |
| BX Trust, Series 2024-KING, Class A, (1-month USD CME Term SOFR + 1.541%) 5.691% 5/15/2034 <sup>(a)(d)(e)</sup>  | 17031 | 17058 |
| BX Trust, Series 2024-KING, Class C, (1-month USD CME Term SOFR + 1.94%) 6.091% 5/15/2034 <sup>(a)(d)(e)</sup>  | 533 | 534 |
| BX Trust, Series 2024-KING, Class D, (1-month USD CME Term SOFR + 2.49%) 6.64% 5/15/2034 <sup>(a)(d)(e)</sup>  | 984 | 988 |
| BX Trust, Series 2021-SDMF, Class E, (1-month USD CME Term SOFR + 1.701%) 5.852% 9/15/2034 <sup>(a)(d)(e)</sup>  | 966 | 962 |
| BX Trust, Series 2021-VOLT, Class B, (1-month USD CME Term SOFR + 1.064%) 5.215% 9/15/2036 <sup>(a)(d)(e)</sup>  | 2002 | 1996 |
| BX Trust, Series 2021-VOLT, Class D, (1-month USD CME Term SOFR + 1.764%) 5.915% 9/15/2036 <sup>(a)(d)(e)</sup>  | 1779 | 1774 |
| BX Trust, Series 2021-VOLT, Class E, (1-month USD CME Term SOFR + 2.114%) 6.265% 9/15/2036 <sup>(a)(d)(e)</sup>  | 2732 | 2729 |
| BX Trust, Series 2021-ARIA, Class B, (1-month USD CME Term SOFR + 1.411%) 5.562% 10/15/2036 <sup>(a)(d)(e)</sup>  | 9946 | 9943 |
| BX Trust, Series 2021-ARIA, Class C, (1-month USD CME Term SOFR + 1.76%) 5.911% 10/15/2036 <sup>(a)(d)(e)</sup>  | 9960 | 9961 |
| BX Trust, Series 2021-ARIA, Class D, (1-month USD CME Term SOFR + 2.01%) 6.16% 10/15/2036 <sup>(a)(d)(e)</sup>  | 3450 | 3452 |
| BX Trust, Series 2022-IND, Class D, (1-month USD CME Term SOFR + 2.839%) 6.989% 4/15/2037 <sup>(a)(d)(e)</sup>  | 3032 | 3040 |
| BX Trust, Series 2021-SOAR, Class B, (1-month USD CME Term SOFR + 0.984%) 5.135% 6/15/2038 <sup>(a)(d)(e)</sup>  | 3102 | 3101 |
| BX Trust, Series 2021-SOAR, Class C, (1-month USD CME Term SOFR + 1.214%) 5.365% 6/15/2038 <sup>(a)(d)(e)</sup>  | 2802 | 2801 |
| BX Trust, Series 2021-SOAR, Class D, (1-month USD CME Term SOFR + 1.514%) 5.665% 6/15/2038 <sup>(a)(d)(e)</sup>  | 10632 | 10628 |
| BX Trust, Series 2021-ACNT, Class B, (1-month USD CME Term SOFR + 1.364%) 5.515% 11/15/2038 <sup>(a)(d)(e)</sup>  | 5449 | 5449 |
| BX Trust, Series 2021-ACNT, Class D, (1-month USD CME Term SOFR + 1.964%) 6.115% 11/15/2038 <sup>(a)(d)(e)</sup>  | 3499 | 3497 |
| BX Trust, Series 2021-ACNT, Class E, (1-month USD CME Term SOFR + 2.311%) 6.462% 11/15/2038 <sup>(a)(d)(e)</sup>  | 425 | 425 |
| BX Trust, Series 2022-AHP, Class C, (1-month USD CME Term SOFR + 2.09%) 6.24% 1/17/2039 <sup>(a)(d)(e)</sup>  | 6500 | 6496 |
| BX Trust, Series 2024-AIRC, Class A, (1-month USD CME Term SOFR + 1.691%) 5.842% 8/15/2039 <sup>(a)(d)(e)</sup>  | 51595 | 51765 |
| BX Trust, Series 24-VLT4, Class E, (1-month USD CME Term SOFR + 2.889%) 7.04% 6/15/2041 <sup>(a)(d)(e)</sup>  | 3998 | 4013 |
| BX Trust, Series 2024-AIR2, Class D, (1-month USD CME Term SOFR + 2.79%) 6.941% 10/15/2041 <sup>(a)(d)(e)</sup>  | 1393 | 1399 |
| BX Trust, Series 2024-GPA2, Class A, (1-month USD CME Term SOFR + 1.542%) 5.693% 11/15/2041 <sup>(a)(d)(e)</sup>  | 21194 | 21263 |
| BX Trust, Series 2024-GPA2, Class B, (1-month USD CME Term SOFR + 1.892%) 6.042% 11/15/2041 <sup>(a)(d)(e)</sup>  | 16920 | 16980 |
| BX Trust, Series 2024-GPA2, Class D, (1-month USD CME Term SOFR + 2.591%) 6.741% 11/15/2041 <sup>(a)(d)(e)</sup>  | 342 | 343 |
| BX Trust, Series 2024-FNX, Class D, (1-month USD CME Term SOFR + 2.94%) 7.09% 11/15/2041 <sup>(a)(d)(e)</sup>  | 5394 | 5416 |
| BX Trust, Series 2024-GPA2, Class E, (1-month USD CME Term SOFR + 3.54%) 7.69% 11/15/2041 <sup>(a)(d)(e)</sup>  | 2044 | 2050 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| BX Trust, Series 2025-BIO3, Class D, 7.193% 2/10/2042 <sup>(a)(d)(e)</sup>  | USD8,638 | $8610 |
| BX Trust, Series 2025-BIO3, Class C, 7.193% 2/10/2042 <sup>(a)(d)(e)</sup>  | 1385 | 1418 |
| BX Trust, Series 2025-VLT6, Class D, (1-month USD CME Term SOFR + 2.5916%) 6.742% 3/15/2042 <sup>(a)(d)(e)</sup>  | 3813 | 3818 |
| BX Trust, Series 2025-GW, Class B, (1-month USD CME Term SOFR + 1.85%) 6.00% 7/15/2042 <sup>(a)(d)(e)</sup>  | 3110 | 3125 |
| BX Trust, Series 2025-VLT7, Class A, (1-month USD CME Term SOFR + 1.70%) 5.85% 7/15/2044 <sup>(a)(d)(e)</sup>  | 2000 | 2008 |
| BX Trust, Series 2025-VLT7, Class B, (1-month USD CME Term SOFR + 2.00%) 6.15% 7/15/2044 <sup>(a)(d)(e)</sup>  | 1922 | 1933 |
| BX Trust, Series 2025-VLT7, Class C, (1-month USD CME Term SOFR + 2.35%) 6.50% 7/15/2044 <sup>(a)(d)(e)</sup>  | 1776 | 1787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BXSC Commercial Mortgage Trust, Series 2022-WSS, Class D, (1-month USD CME Term SOFR + 3.188%) 7.338% <br> 3/15/2035 <sup>(a)(d)(e)</sup>  | 9692 | 9735 |
| CART, Series 2024-DFW1, Class D, (1-month USD CME Term SOFR + 3.04%) 7.403% 8/15/2041 <sup>(a)(d)(e)</sup>  | 1923 | 1926 |
| Citigroup Commercial Mortgage Trust, Series 2023-PRM3, Class D, 6.36% 7/10/2028 <sup>(a)(d)(e)</sup>  | 2522 | 2551 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(a)(d)(e)</sup>  | 13524 | 13948 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class D, 6.048% 10/12/2040 <sup>(a)(d)(e)</sup>  | 5926 | 5918 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class C, 6.048% 10/12/2040 <sup>(a)(d)(e)</sup>  | 980 | 993 |
| Citigroup Commercial Mortgage Trust, Series 2014-GC25, Class B, 4.345% 10/10/2047 <sup>(a)(d)</sup>  | 1376 | 1313 |
| Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class C, 3.976% 4/10/2048 <sup>(a)(d)</sup>  | 2500 | 2277 |
| Citigroup Commercial Mortgage Trust, Series 2018-B2, Class B, 4.28% 3/10/2051 <sup>(a)(d)</sup>  | 3300 | 3076 |
| Citigroup Commercial Mortgage Trust, Series 2020-GC46, Class B, 3.15% 2/15/2053 <sup>(a)(d)</sup>  | 675 | 596 |
| Citigroup Commercial Mortgage Trust, Series 2022-GC48, Class C, 4.875% 5/15/2054 <sup>(a)(d)</sup>  | 3659 | 3383 |
| Commercial Mortgage Trust, Series 2020-CX, Class D, 2.684% 11/10/2046 <sup>(a)(d)(e)</sup>  | 415 | 342 |
| Commercial Mortgage Trust, Series 2020-CX, Class E, 2.684% 11/10/2046 <sup>(a)(d)(e)</sup>  | 195 | 152 |
| Commercial Mortgage Trust, Series 2014-UBS6, Class C, 4.409% 12/10/2047 <sup>(a)(d)</sup>  | 95 | 94 |
| Commercial Mortgage Trust, Series 2019-GC44, Class C, 3.644% 8/15/2057 <sup>(a)(d)</sup>  | 4000 | 3295 |
| CSAIL Commercial Mortgage Trust, Series 2016-C5, Class C, 4.556% 11/15/2048 <sup>(a)(d)</sup>  | 1827 | 1814 |
| DATA 2023-CNTR Mortgage Trust, Series 2023-CNTR, Class D, 5.919% 8/12/2043 <sup>(a)(d)(e)</sup>  | 3320 | 3129 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class A, 6.314% 9/12/2040 <sup>(a)(e)</sup>  | 24515 | 25409 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class D, 7.14% 9/12/2040 <sup>(a)(d)(e)</sup>  | 30927 | 31518 |
| Durst Commercial Mortgage Trust, Series 2025-151, Class A, 5.145% 8/10/2042 <sup>(a)(d)(e)</sup>  | 13123 | 13381 |
| ELM Trust 2024, Series 2024-ELM, Class D10, 6.626% 6/10/2039 <sup>(a)(d)(e)</sup>  | 621 | 625 |
| ELM Trust 2024, Series 2024-ELM, Class D15, 6.674% 6/10/2039 <sup>(a)(d)(e)</sup>  | 558 | 562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2021-ESH, Class B, (1-month USD CME Term SOFR + 1.494%) 5.645% <br> 7/15/2038 <sup>(a)(d)(e)</sup>  | 3231 | 3234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2021-ESH, Class C, (1-month USD CME Term SOFR + 1.814%) 5.965% <br> 7/15/2038 <sup>(a)(d)(e)</sup>  | 3375 | 3379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2021-ESH, Class D, (1-month USD CME Term SOFR + 2.364%) 6.515% <br> 7/15/2038 <sup>(a)(d)(e)</sup>  | 3537 | 3542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, Class A, (1-month USD CME Term SOFR + 1.30%) 5.45% <br> 10/15/2042 <sup>(a)(d)(e)</sup>  | 664 | 665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, Class D, (1-month USD CME Term SOFR + 2.60%) 6.75% <br> 10/15/2042 <sup>(a)(d)(e)</sup>  | 1749 | 1753 |
| FIVE Mortgage Trust, Series 2023-V1, Class B, 6.296% 2/10/2056 <sup>(a)(d)</sup>  | 2477 | 2547 |
| FIVE Mortgage Trust, Series 2023-V1, Class C, 6.296% 2/10/2056 <sup>(a)(d)</sup>  | 1361 | 1378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, (1-month USD CME Term SOFR + 1.45%) 5.60% <br> 12/15/2039 <sup>(a)(d)(e)</sup>  | 2233 | 2237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class F, (1-month USD CME Term SOFR + 4.25%) 8.40% <br> 12/15/2039 <sup>(a)(d)(e)</sup>  | 2927 | 2945 |
| FS Commercial Mortgage Trust, Series 2023-4SZN, Class D, 9.08% 11/10/2039 <sup>(a)(d)(e)</sup>  | 2340 | 2407 |
| Great Wolf Trust, Series 2024-WOLF, Class A, (1-month USD CME Term SOFR + 1.542%) 5.692% 3/15/2039 <sup>(a)(d)(e)</sup>  | 896 | 899 |
| Great Wolf Trust, Series 2024-WOLF, Class D, (1-month USD CME Term SOFR + 2.89%) 7.04% 3/15/2039 <sup>(a)(d)(e)</sup>  | 1809 | 1822 |
| GS Mortgage Securities Trust, Series 2024-70P, Class C, 6.084% 3/10/2041 <sup>(a)(d)(e)</sup>  | 1885 | 1883 |
| GS Mortgage Securities Trust, Series 2024-70P, Class D, 7.531% 3/10/2041 <sup>(a)(d)(e)</sup>  | 2897 | 2947 |
| GS Mortgage Securities Trust, Series 2016-GS2, Class B, 3.759% 5/10/2049 <sup>(a)(d)</sup>  | 116 | 115 |
| GS Mortgage Securities Trust, Series 2016-GS2, Class C, 4.694% 5/10/2049 <sup>(a)(d)</sup>  | 1503 | 1457 |
| GS Mortgage Securities Trust, Series 2018-GS10, Class AS, 4.384% 7/10/2051 <sup>(a)(d)</sup>  | 1526 | 1472 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| GS Mortgage Securities Trust, Series 2018-GS10, Class C, 4.40% 7/10/2051 <sup>(a)(d)</sup>  | USD5,000 | $4389 |
| GS Mortgage Securities Trust, Series 2019-GC40, Class C, 3.946% 7/10/2052 <sup>(a)</sup>  | 3064 | 2545 |
| GS Mortgage Securities Trust, Series 2020-GC45, Class B, 3.405% 2/13/2053 <sup>(a)</sup>  | 100 | 91 |
| GS Mortgage Securities Trust, Series 2020-GC45, Class C, 3.492% 2/13/2053 <sup>(a)(d)</sup>  | 670 | 588 |
| GS Mortgage Securities Trust, Series 2020-GSA2, Class C, 2.989% 12/12/2053 <sup>(a)</sup>  | 2000 | 1591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class C, (1-month USD CME Term SOFR + 2.042%) 6.192% <br>3/15/2042 <sup>(a)(d)(e)</sup>  | 1407 | 1411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class D, (1-month USD CME Term SOFR + 2.591%) 6.741% <br>3/15/2042 <sup>(a)(d)(e)</sup>  | 2716 | 2728 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class E, (1-month USD CME Term SOFR + 3.29%) 7.44% 3/15/2042 <sup>(a)(d)(e)</sup>  | 6366 | 6247 |
| Hilton USA Trust, Series 2016-HHV, Class D, 4.194% 11/5/2038 <sup>(a)(e)</sup>  | 1000 | 987 |
| Hilton USA Trust, Series 2016-HHV, Class D, 4.194% 11/5/2038 <sup>(a)(e)</sup>  | 300 | 297 |
| Houston Galleria Mall Trust, Series 2025-HGLR, Class A, 5.644% 2/5/2045 <sup>(a)(d)(e)</sup>  | 50042 | 51839 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class C, 7.324% 5/10/2039 <sup>(a)(d)(e)</sup>  | 945 | 964 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class D, 8.471% 5/10/2039 <sup>(a)(d)(e)</sup>  | 2795 | 2872 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class E, 6.901% 1/13/2040 <sup>(a)(d)(e)</sup>  | 5499 | 5707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class C, (1-month USD CME Term SOFR + 2.25%) <br>6.40% 3/15/2042 <sup>(a)(d)(e)</sup>  | 3000 | 3001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class D, (1-month USD CME Term SOFR + 2.85%) <br>7.00% 3/15/2042 <sup>(a)(d)(e)</sup>  | 5000 | 5007 |
| Invitation Homes Trust, Series 2024-SFR1, Class D, 4.25% 9/17/2041 <sup>(a)(e)</sup>  | 435 | 419 |
| Invitation Homes Trust, Series 2024-SFR1, Class F, 4.50% 9/17/2041 <sup>(a)(e)</sup>  | 2038 | 1904 |
| Invitation Homes Trust, Series 2024-SFR1, Class E, 4.50% 9/17/2041 <sup>(a)(e)</sup>  | 1161 | 1105 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class A, 3.024% 1/5/2039 <sup>(a)(e)</sup>  | 3420 | 3084 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.377% 1/5/2039 <sup>(a)(e)</sup>  | 2925 | 2582 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.565% 1/5/2039 <sup>(a)(d)(e)</sup>  | 1598 | 1335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class A, (1-month USD CME Term SOFR + <br> 1.593%) 5.743% 11/15/2039 <sup>(a)(d)(e)</sup>  | 10359 | 10390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KSL Commercial Mortgage Trust, Series 2024-HT2, Class D, (1-month USD CME Term SOFR + 3.29%) 7.44% <br> 12/15/2039 <sup>(a)(d)(e)</sup>  | 3000 | 3004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KSL Commercial Mortgage Trust, Series 2024-HT2, Class E, (1-month USD CME Term SOFR + 4.538%) 8.688% <br> 12/15/2039 <sup>(a)(d)(e)</sup>  | 5000 | 5025 |
| LSTAR Commercial Mortgage Trust, Series 2017-5, Class C, 4.683% 3/10/2050 <sup>(a)(d)(e)</sup>  | 1000 | 933 |
| LV Trust, Series 2024-SHOW, Class C, 6.276% 10/10/2041 <sup>(a)(d)(e)</sup>  | 1156 | 1165 |
| Manhattan West, Series 2020-1MW, Class C, 2.413% 9/10/2039 <sup>(a)(d)(e)</sup>  | 981 | 933 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C1, Class B, 6.513% 3/15/2030 <sup>(a)(d)</sup>  | 500 | 522 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C1, Class C, 6.638% 3/15/2030 <sup>(a)(d)</sup>  | 490 | 509 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class AS, 3.561% 4/15/2048 <sup>(a)</sup>  | 967 | 933 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2017-C34, Class AS, 3.859% 11/15/2052 <sup>(a)</sup>  | 500 | 482 |
| MSWF Commercial Mortgage Trust, Series 2023-1, Class B, 6.906% 5/15/2033 <sup>(a)(d)</sup>  | 1231 | 1315 |
| MSWF Commercial Mortgage Trust, Series 2023-2, Class C, 7.018% 12/15/2056 <sup>(a)(d)</sup>  | 392 | 407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2020-1, Class M10, (30-day Average USD-SOFR + 3.864%) <br> 8.221% 3/25/2050 <sup>(a)(d)(e)</sup>  | 1763 | 1798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2023-01, Class M7, (30-day Average USD-SOFR + 4.00%) <br> 8.356% 11/25/2053 <sup>(a)(d)(e)</sup>  | 19383 | 20232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2023-01, Class M10, (30-day Average USD-SOFR + 6.50%) <br> 10.856% 11/25/2053 <sup>(a)(d)(e)</sup>  | 46028 | 52116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2024-01, Class M7, (30-day Average USD-SOFR + 2.75%) <br> 7.106% 7/25/2054 <sup>(a)(d)(e)</sup>  | 267 | 271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2024-01, Class M10, (30-day Average USD-SOFR + 3.85%) <br> 8.206% 7/25/2054 <sup>(a)(d)(e)</sup>  | 971 | 1012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2025-01, Class M1, (30-day Average USD-SOFR + 2.40%) <br> 6.756% 5/25/2055 <sup>(a)(d)(e)</sup>  | 6809 | 6852 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multifamily Connecticut Avenue Securities, Series 2025-01, Class M2, (30-day Average USD-SOFR + 3.10%) <br> 7.456% 5/25/2055 <sup>(a)(d)(e)</sup>  | USD1,614 | $1626 |
| Multifamily Structured Credit Risk, Series 21-MN3, Class M2, 8.356% 11/25/2051 <sup>(a)(d)(e)</sup>  | 4000 | 4159 |
| NY Commercial Mortgage Trust, Series 2025-299P, Class A, 5.853% 2/10/2047 <sup>(a)(d)(e)</sup>  | 14245 | 14983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NYC Commercial Mortgage Trust, Series 2025-3BP, Class C, (1-month USD CME Term SOFR + 1.892%) 6.042% <br> 2/15/2042 <sup>(a)(d)(e)</sup>  | 631 | 631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NYC Commercial Mortgage Trust, Series 2025-3BP, Class D, (1-month USD CME Term SOFR + 2.4413%) 6.591% <br> 2/15/2042 <sup>(a)(d)(e)</sup>  | 1094 | 1090 |
| One Market Plaza Trust, Series 2017-1MKT, Class A, 3.614% 2/10/2032 <sup>(a)(e)</sup>  | 2045 | 1983 |
| One Market Plaza Trust, Series 2017-1MKT, Class B, 3.845% 2/10/2032 <sup>(a)(e)</sup>  | 1000 | 964 |
| ROCC Trust, Series 2024-CNTR, Class A, 5.388% 11/13/2041 <sup>(a)(e)</sup>  | 121 | 125 |
| SCG Hotel Issuer, Inc, Series 2025-SNIP, Class A, 5.75% 9/15/2030 <sup>(a)(d)(e)</sup>  | 3428 | 3443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, (1-month USD CME Term SOFR + 1.392%) 5.542% <br> 5/15/2039 <sup>(a)(d)(e)</sup>  | 35395 | 35349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commerical Mortgage Trust, Series 2021-555, Class A, (1-month USD CME Term SOFR + 1.264%) 5.415% <br> 5/15/2038 (1-month USD CME Term SOFR + 1.514% on 5/15/2026) <sup>(a)(e)(f)</sup>  | 6645 | 6603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commerical Mortgage Trust, Series 2021-555, Class B, (1-month USD CME Term SOFR + 1.614%) 5.765% <br> 5/15/2038 <sup>(a)(d)(e)</sup>  | 2631 | 2610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commercial Mortgage Trust, Series 2021-555, Class C, (1-month USD CME Term SOFR + 1.914%) 6.065% <br> 5/15/2038 <sup>(a)(d)(e)</sup>  | 1910 | 1893 |
| SHR Trust, Series 2024-LXRY, Class D, (1-month USD CME Term SOFR + 3.60%) 7.75% 10/15/2041 <sup>(a)(d)(e)</sup>  | 1521 | 1536 |
| SLG Office Trust, Series 2021-OVA, Class A, 2.585% 7/15/2041 <sup>(a)(e)</sup>  | 21061 | 18744 |
| SREIT Trust, Series 2021-MFP, Class C, (1-month USD CME Term SOFR + 1.443%) 5.594% 11/15/2038 <sup>(a)(d)(e)</sup>  | 3483 | 3481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class D, (1-month USD CME Term SOFR + 1.95%) <br> 6.10% 1/15/2039 <sup>(a)(d)(e)</sup>  | 8908 | 8869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class E, (1-month USD CME Term SOFR + 2.70%) <br> 6.85% 1/15/2039 <sup>(a)(d)(e)</sup>  | 2000 | 1984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, Series 2025-DATA, Class D, (1-month USD CME Term SOFR + 2.591%) <br> 6.791% 2/15/2042 <sup>(a)(d)(e)</sup>  | 1957 | 1952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, Series 2025-DATA, Class E, (1-month USD CME Term SOFR + 3.29%) 7.49% <br> 2/15/2042 <sup>(a)(d)(e)</sup>  | 8831 | 8820 |
| UBS Commercial Mortgage Trust, Series 2017-C3, Class C, 4.356% 8/15/2050 <sup>(a)(d)</sup>  | 1582 | 1472 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-1918, Class A, 5.575% 9/15/2040 <sup>(a)(d)(e)</sup>  | 2279 | 2297 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-C35, Class C, 4.176% 7/15/2048 <sup>(a)(d)</sup>  | 500 | 491 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-C40, Class C, 4.295% 10/15/2050 <sup>(a)(d)</sup>  | 4975 | 4583 |
| Wells Fargo Commercial Mortgage Trust, Series 2018-C46, Class B, 4.633% 8/15/2051 <sup>(a)</sup>  | 1451 | 1398 |
| Wells Fargo Commercial Mortgage Trust, Series 2018-C48, Class B, 4.904% 1/15/2052 <sup>(a)(d)</sup>  | 365 | 354 |
| Wells Fargo Commercial Mortgage Trust, Series 2019-C49, Class C, 4.866% 3/15/2052 <sup>(a)(d)</sup>  | 3000 | 2903 |
| Wells Fargo Commercial Mortgage Trust, Series 2019-C54, Class C, 3.81% 12/15/2052 <sup>(a)</sup>  | 2500 | 2220 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class B, 6.821% 7/15/2057 <sup>(a)(d)</sup>  | 2000 | 2097 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class B, 6.333% 11/15/2057 <sup>(a)(d)</sup>  | 334 | 348 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C4, Class C, 6.284% 5/15/2058 <sup>(a)</sup>  | 771 | 791 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C4, Class B, 6.394% 5/15/2058 <sup>(a)</sup>  | 344 | 360 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-5C5, Class B, 6.219% 7/15/2058 <sup>(a)(d)</sup>  | 400 | 416 |
| Wells Fargo Commercial Mortgage Trust, Series 2015-LC22, Class C, 4.708% 9/15/2058 <sup>(a)(d)</sup>  | 4000 | 3768 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class B, 4.911% 1/15/2059 <sup>(a)(d)</sup>  | 2745 | 2713 |
| WF-RBS Commercial Mortgage Trust, Series 2014-C22, Class B, 4.371% 9/15/2057 <sup>(a)(d)</sup>  | 2000 | 1829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + 2.789%) <br> 6.939% 11/15/2027 <sup>(a)(d)(e)</sup>  | 3293 | 3308 |
| WSTN Trust, Series 2023-MAUI, Class C, 7.69% 7/5/2037 <sup>(a)(d)(e)</sup>  | 371 | 377 |
| WSTN Trust, Series 2023-MAUI, Class D, 8.455% 7/5/2037 <sup>(a)(d)(e)</sup>  | 1071 | 1079 |
|  |  | 1027702 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) 2.44%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Angel Oak Mortgage Trust, Series 2024-8, Class A1, 5.338% 5/27/2069 (6.338% on 8/1/2028) <sup>(a)(e)(f)</sup>  | USD12,993 | $13059 |
| Arroyo Mortgage Trust, Series 2022-1, Class A1A, 2.495% 12/25/2056 (3.495% on 2/25/2026) <sup>(a)(e)(f)</sup>  | 5843 | 5644 |
| BINOM Securitization Trust, Series 2022-RPL1, Class A1, 3.00% 2/25/2061 <sup>(a)(d)(e)</sup>  | 3281 | 3084 |
| BRAVO Residential Funding Trust, Series 2022-RPL1, Class A1, 2.75% 9/25/2061 <sup>(a)(e)</sup>  | 1089 | 1001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cascade Funding Mortgage Trust, Series 2024-NR1, Class A1, 6.405% 11/25/2029 (9.405% on <br>11/25/2027) <sup>(a)(e)(f)</sup>  | 912 | 921 |
| Cascade Funding Mortgage Trust, Series 2023-HB12, Class M1, 4.25% 4/25/2033 <sup>(a)(d)(e)</sup>  | 2597 | 2571 |
| Cascade Funding Mortgage Trust, Series 2023-HB12, Class A, 4.25% 4/25/2033 <sup>(a)(d)(e)</sup>  | 81 | 81 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034 <sup>(a)(d)(e)</sup>  | 4078 | 4063 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M3, 4.00% 8/25/2034 <sup>(a)(d)(e)</sup>  | 518 | 500 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M2, 4.00% 8/25/2034 <sup>(a)(d)(e)</sup>  | 340 | 333 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M1, 4.00% 8/25/2034 <sup>(a)(d)(e)</sup>  | 291 | 287 |
| Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054 <sup>(a)(d)(e)</sup>  | 9142 | 8987 |
| Cascade MH Asset Trust, Series 2022-MH1, Class A, 4.25% 8/25/2054 (5.25% on 11/25/2027) <sup>(a)(e)(f)</sup>  | 3278 | 3199 |
| CFCRE Commercial Mortgage Trust, Series 2017-C8, Class C, 4.887% 6/15/2050 <sup>(a)(d)</sup>  | 700 | 657 |
| CIM Trust, Series 2020-R3, Class A1B, 4.00% 1/26/2060 <sup>(a)(d)(e)</sup>  | 2998 | 2736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2016-C02, Class 1M2, (30-day Average USD-SOFR + 6.114%) <br> 10.471% 9/25/2028 <sup>(a)(d)</sup>  | 201 | 204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2019-R07, Class 1B1, (30-day Average USD-SOFR + 1.10%) 7.871% <br> 10/25/2039 <sup>(a)(d)(e)</sup>  | 4344 | 4423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2020-R01, Class 1B1, (30-day Average USD-SOFR + 3.364%) 7.721% <br> 1/25/2040 <sup>(a)(d)(e)</sup>  | 4861 | 4990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2022-R06, Class 1M1, (30-day Average USD-SOFR + 2.75%) 7.106% <br> 5/25/2042 <sup>(a)(d)(e)</sup>  | 543 | 555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2023-R01, Class 1M1, (30-day Average USD-SOFR + 2.40%) 6.756% <br> 12/25/2042 <sup>(a)(d)(e)</sup>  | 6451 | 6604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R01, Class 1B1, (30-day Average USD-SOFR + 2.70%) 7.056% <br> 1/25/2044 <sup>(a)(d)(e)</sup>  | 388 | 398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R01, Class 1B2, (30-day Average USD-SOFR + 4.00%) 8.356% <br> 1/25/2044 <sup>(a)(d)(e)</sup>  | 500 | 524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R02, Class 1M1, (30-day Average USD-SOFR + 1.10%) 5.456% <br> 2/25/2044 <sup>(a)(d)(e)</sup>  | 4043 | 4042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R02, Class 1B1, (30-day Average USD-SOFR + 2.50%) 6.856% <br> 2/25/2044 <sup>(a)(d)(e)</sup>  | 7110 | 7246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R02, Class 1B2, (30-day Average USD-SOFR + 3.70%) 8.056% <br> 2/25/2044 <sup>(a)(d)(e)</sup>  | 1260 | 1309 |
| FARM Mortgage Trust, Series 2024-1, Class B, 5.102% 10/1/2053 <sup>(a)(d)(e)</sup>  | 2070 | 1849 |
| Farmer Mac Agricultural Real Estate Trust, Series 2024-2, Class B, 5.595% 8/1/2054 <sup>(a)(d)(e)</sup>  | 1853 | 1671 |
| Farmer Mac Agricultural Real Estate Trust, Series 2025-1, Class A1, 5.22% 8/1/2055 <sup>(a)(d)(e)</sup>  | 4821 | 4870 |
| Finance of America Structured Securities Trust, Series 2025-PC1, Class A1, 4.50% 5/25/2075 <sup>(a)(e)</sup>  | 36901 | 35688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M3, (30-day Average <br> USD-SOFR + 4.814%) 9.171% 4/25/2028 <sup>(a)(d)</sup>  | 836 | 838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class B, (30-day Average USD-SOFR <br> + 9.464%) 13.821% 4/25/2028 <sup>(a)(d)</sup>  | 3128 | 3144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-DNA2, Class M3, (30-day Average <br> USD-SOFR + 4.764%) 9.121% 10/25/2028 <sup>(a)(d)</sup>  | 981 | 999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA2, Class M1A, (30-day Average <br> USD-SOFR + 1.30%) 5.656% 2/25/2042 <sup>(a)(d)(e)</sup>  | 1074 | 1074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA3, Class M1B, (30-day Average <br> USD-SOFR + 2.90%) 7.256% 4/25/2042 <sup>(a)(d)(e)</sup>  | 3000 | 3088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA4, Class M1B, (30-day Average <br> USD-SOFR + 3.35%) 7.706% 5/25/2042 <sup>(a)(d)(e)</sup>  | 2050 | 2129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA5, Class M1A, (30-day Average <br> USD-SOFR + 2.95%) 7.306% 6/25/2042 <sup>(a)(d)(e)</sup>  | 613 | 625 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA5, Class M1B, (30-day Average <br> USD-SOFR + 4.50%) 8.856% 6/25/2042 <sup>(a)(d)(e)</sup>  | USD2,400 | $2540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A, (30-day Average <br> USD-SOFR + 2.15%) 6.506% 9/25/2042 <sup>(a)(d)(e)</sup>  | 326 | 328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1B, (30-day Average <br> USD-SOFR + 3.70%) 8.056% 9/25/2042 <sup>(a)(d)(e)</sup>  | 3344 | 3516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA2, Class A1, (30-day Average <br> USD-SOFR + 1.25%) 5.606% 5/25/2044 <sup>(a)(d)(e)</sup>  | 9088 | 9139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA2, Class A1, (30-day Average <br> USD-SOFR + 1.10%) 5.456% 5/25/2045 <sup>(a)(d)(e)</sup>  | 2445 | 2453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA3, Class A1, (30-day Average <br> USD-SOFR + 0.95%) 5.32% 9/25/2045 <sup>(a)(d)(e)</sup>  | 662 | 664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2018-DNA3, Class B2, (30-day Average <br> USD-SOFR + 7.864%) 12.221% 9/25/2048 <sup>(a)(d)(e)</sup>  | 4500 | 5208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA1, Class B2, (30-day Average <br> USD-SOFR + 5.214%) 9.571% 1/25/2050 <sup>(a)(d)(e)</sup>  | 4970 | 5466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA1, Class B2, (30-day Average <br> USD-SOFR + 5.364%) 9.721% 1/25/2050 <sup>(a)(d)(e)</sup>  | 7000 | 7801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA2, Class B2, (30-day Average <br> USD-SOFR + 4.914%) 9.271% 2/25/2050 <sup>(a)(d)(e)</sup>  | 5000 | 5469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA2, Class B2, (30-day Average <br> USD-SOFR + 7.714%) 12.071% 3/25/2050 <sup>(a)(d)(e)</sup>  | 3000 | 3609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA3, Class B1, (30-day Average <br> USD-SOFR + 5.214%) 9.571% 6/25/2050 <sup>(a)(d)(e)</sup>  | 1453 | 1554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA3, Class B2, (30-day Average <br> USD-SOFR + 9.464%) 13.821% 6/25/2050 <sup>(a)(d)(e)</sup>  | 8240 | 10755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA3, Class B2, (30-day Average <br> USD-SOFR + 10.114%) 14.471% 7/25/2050 <sup>(a)(d)(e)</sup>  | 3222 | 4294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA4, Class B2, (30-day Average <br> USD-SOFR + 10.114%) 14.471% 8/25/2050 <sup>(a)(d)(e)</sup>  | 10954 | 14695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA4, Class B2, (30-day Average <br> USD-SOFR + 9.514%) 13.871% 9/25/2050 <sup>(a)(d)(e)</sup>  | 2500 | 3271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class M2, (30-day Average <br> USD-SOFR + 2.80%) 7.139% 10/25/2050 <sup>(a)(d)(e)</sup>  | 212 | 213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class B2, (30-day Average <br> USD-SOFR + 11.50%) 15.839% 10/25/2050 <sup>(a)(d)(e)</sup>  | 11350 | 15892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-HQA5, Class B2, (30-day Average <br> USD-SOFR + 7.40%) 11.756% 11/25/2050 <sup>(a)(d)(e)</sup>  | 5060 | 6210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA6, Class B2, (30-day Average <br> USD-SOFR + 5.65%) 10.006% 12/25/2050 <sup>(a)(d)(e)</sup>  | 1500 | 1731 |
| GS Mortgage-Backed Securities Trust, Series 2025-RPL3, Class A1, 4.10% 7/25/2065 (5.10% on 6/1/2029) <sup>(a)(e)(f)</sup>  | 1593 | 1553 |
| IRV Trust, Series 2025-200P, Class A, 5.471% 3/14/2047 <sup>(a)(d)(e)</sup>  | 50369 | 51580 |
| IRV Trust, Series 2025-200P, Class C, 5.921% 3/14/2047 <sup>(a)(d)(e)</sup>  | 3429 | 3417 |
| JP Morgan Mortgage Trust, Series 2024-CES1, Class A3, 6.397% 6/25/2054 (7.397% on 3/1/2028) <sup>(a)(e)(f)</sup>  | 576 | 583 |
| JP Morgan Mortgage Trust, Series 2024-CES1, Class M1, 6.596% 6/25/2054 (7.596% on 3/1/2028) <sup>(a)(e)(f)</sup>  | 466 | 471 |
| Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, 2.25% 7/25/2067 (6.25% on 11/25/2025) <sup>(a)(e)(f)</sup>  | 1866 | 1867 |
| Mill City Mortgage Trust, Series 2018-2, Class M3, 3.75% 5/25/2058 <sup>(a)(d)(e)</sup>  | 1497 | 1400 |
| Mill City Mortgage Trust, Series 2017-1, Class B2, 3.71% 11/25/2058 <sup>(a)(d)(e)</sup>  | 1000 | 912 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-INV2, Class A1, 6.50% 2/25/2054 <sup>(a)(d)(e)</sup>  | 6944 | 7068 |
| NRZ Excess Spread Collateralized Notes, Series 2025-FHT1, Class A, 6.545% 3/25/2032 <sup>(a)(e)(f)</sup>  | 39442 | 39838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onslow Bay Financial Mortgage Loan Trust, Series 2025-NQM8, Class A1, 5.472% 3/25/2065 (6.472% on <br> 5/1/2029) <sup>(a)(e)(f)</sup>  | 7607 | 7678 |
| Onslow Bay Financial, LLC, Series 2025-NQM1, Class A1, 5.547% 12/25/2064 (6.547% on 12/1/2028) <sup>(a)(e)(f)</sup>  | 13308 | 13430 |
| PMT Loan Trust, Series 2024-INV1, Class A2, 6.00% 10/25/2059 <sup>(a)(d)(e)</sup>  | 4731 | 4818 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| PRKCM Trust, Series 2021-AFC2, Class A1, 2.071% 11/25/2056 <sup>(a)(d)(e)</sup>  | USD3,171 | $2831 |
| Progress Residential Trust, Series 2024-SFR1, Class E2, 3.85% 2/17/2041 <sup>(a)(e)</sup>  | 1698 | 1593 |
| Progress Residential Trust, Series 2024-SFR1, Class E1, 3.85% 2/17/2041 <sup>(a)(e)</sup>  | 1414 | 1339 |
| Progress Residential Trust, Series 2024-SFR2, Class E1, 3.40% 4/17/2041 <sup>(a)(d)(e)</sup>  | 1073 | 996 |
| Progress Residential Trust, Series 2024-SFR2, Class E2, 3.65% 4/17/2041 <sup>(a)(d)(e)</sup>  | 449 | 417 |
| Progress Residential Trust, Series 2024-SFR3, Class A, 3.00% 6/17/2041 <sup>(a)(e)</sup>  | 12047 | 11481 |
| Progress Residential Trust, Series 2024-SFR3, Class E1, 4.00% 6/17/2041 <sup>(a)(e)</sup>  | 2074 | 1960 |
| Progress Residential Trust, Series 2024-SFR3, Class E2, 4.00% 6/17/2041 <sup>(a)(e)</sup>  | 711 | 666 |
| Progress Residential Trust, Series 2025-SFR2, Class D, 3.555% 4/17/2042 <sup>(a)(e)</sup>  | 998 | 928 |
| Progress Residential Trust, Series 2025-SFR3, Class A, 3.39% 7/17/2042 <sup>(a)(e)</sup>  | 1246 | 1181 |
| PRP Advisors, LLC, Series 2025-RPL3, Class A1, 3.25% 4/25/2055 (4.25% on 4/1/2028) <sup>(a)(e)(f)</sup>  | 4503 | 4345 |
| Sequoia Mortgage Trust, Series 2025-HYB1, Class A1A, 5.069% 10/25/2055 <sup>(a)(d)(e)</sup>  | 2735 | 2750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, Series 2024-SFR4, Class C, (1-month USD CME Term SOFR + 2.45%) 6.60% <br> 10/17/2041 <sup>(a)(d)(e)</sup>  | 2000 | 2009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, Series 2024-SFR4, Class D, (1-month USD CME Term SOFR + 2.95%) 7.10% <br> 10/17/2041 <sup>(a)(d)(e)</sup>  | 2286 | 2306 |
| Towd Point Mortgage Trust, Series 2015-3, Class B1, 4.223% 3/25/2054 <sup>(a)(d)(e)</sup>  | 1500 | 1490 |
| Towd Point Mortgage Trust, Series 2016-3, Class B3, 4.087% 4/25/2056 <sup>(a)(d)(e)</sup>  | 3500 | 3326 |
| Towd Point Mortgage Trust, Series 2017-2, Class B2, 4.167% 4/25/2057 <sup>(a)(d)(e)</sup>  | 2000 | 1874 |
| Towd Point Mortgage Trust, Series 2017-4, Class B1, 3.641% 6/25/2057 <sup>(a)(d)(e)</sup>  | 1000 | 877 |
| Treehouse Park Improvement Association No.1 9.75% 12/1/2033 <sup>(e)(g)</sup>  | 20212 | 20212 |
| Tricon Residential Trust, Series 2025-SFR2, Class B, 5.424% 8/17/2044 <sup>(a)(e)</sup>  | 1500 | 1526 |
| Verus Securitization Trust, Series 2023-3, Class A1, 5.93% 3/25/2068 (6.93% on 4/1/2027) <sup>(a)(e)(f)</sup>  | 4662 | 4674 |
| Verus Securitization Trust, Series 2024-2, Class A1, 6.095% 2/25/2069 (7.095% on 2/1/2028) <sup>(a)(e)(f)</sup>  | 26187 | 26480 |
| VM Fund I, LLC 8.625% 1/15/2028 <sup>(e)(g)</sup>  | 34621 | 34101 |
|  |  | 502178 |
| **Total mortgage-backed obligations** |  | 6402409 |
| **Corporate bonds, notes & loans 30.77%**<br> **Financials 6.12%**<br>|  |  |
| Aero Capital Solutions, Inc., Term Loan, (1-month USD CME Term SOFR + 3.00%) 7.61% 11/17/2029 <sup>(d)(e)(g)(h)</sup>  | 1630 | 1618 |
| Alliant Holdings Intermediate, LLC 4.25% 10/15/2027 <sup>(e)</sup>  | 8668 | 8531 |
| Alliant Holdings Intermediate, LLC 6.75% 10/15/2027 <sup>(e)</sup>  | 3000 | 3009 |
| Ally Financial, Inc. 5.548% 7/31/2033 (USD-SOFR + 1.78% on 7/31/2032) <sup>(f)</sup>  | 5108 | 5131 |
| Alpha Bank SA 7.50% 6/16/2027 (1-year EUR Mid-Swap + 5.084% on 6/16/2026) <sup>(f)</sup>  | EUR100 | 122 |
| Alpha Bank SA 6.875% 6/27/2029 (1-year EUR-ICE Swap EURIBOR + 3.793% on 6/27/2028) <sup>(f)</sup>  | 6640 | 8626 |
| Alpha Bank SA 5.00% 5/12/2030 (1-year EUR-ICE Swap EURIBOR + 2.432% on 5/12/2029) <sup>(f)</sup>  | 2615 | 3280 |
| American Express Co. 5.284% 7/26/2035 (USD-SOFR + 1.42% on 7/26/2034) <sup>(f)</sup>  | USD7,807 | 8061 |
| American Express Co. 5.442% 1/30/2036 (USD-SOFR + 1.32% on 1/30/2035) <sup>(f)</sup>  | 3158 | 3286 |
| American International Group, Inc. 5.45% 5/7/2035  | 2645 | 2757 |
| Ardonagh Group Finance, Ltd. 8.875% 2/15/2032 <sup>(e)</sup>  | 4885 | 5139 |
| Aretec Group, Inc. 10.00% 8/15/2030 <sup>(e)</sup>  | 2475 | 2700 |
| Arthur J. Gallagher & Co. 5.15% 2/15/2035  | 4369 | 4424 |
| Arthur J. Gallagher & Co. 5.55% 2/15/2055  | 1154 | 1129 |
| Athene Holding, Ltd. 6.625% 5/19/2055  | 20000 | 21423 |
| Bank of America Corp. 4.948% 7/22/2028 (USD-SOFR + 2.04% on 7/22/2027) <sup>(f)</sup>  | 17615 | 17871 |
| Bank of America Corp. 5.162% 1/24/2031 (USD-SOFR + 1.00% on 1/24/2030) <sup>(f)</sup>  | 868 | 896 |
| Bank of America Corp. 1.898% 7/23/2031 (USD-SOFR + 1.53% on 7/23/2030) <sup>(f)</sup>  | 4809 | 4297 |
| Bank of America Corp. 1.922% 10/24/2031 (USD-SOFR + 1.37% on 10/24/2030) <sup>(f)</sup>  | 11400 | 10128 |
| Bank of America Corp. 2.299% 7/21/2032 (USD-SOFR + 1.22% on 7/21/2031) <sup>(f)</sup>  | 20757 | 18418 |
| Bank of America Corp. 5.872% 9/15/2034 (USD-SOFR + 1.84% on 9/15/2033) <sup>(f)</sup>  | 130 | 139 |
| Bank of America Corp., 3.824% 1/20/2028 (3-month USD CME Term SOFR + 1.837% on 1/20/2027) <sup>(f)</sup>  | 3203 | 3189 |
| BlackRock Funding, Inc. 5.00% 3/14/2034  | 514 | 530 |

---

American Funds Strategic Bond Fund — Page 18 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| BlackRock Funding, Inc. 5.25% 3/14/2054  | USD12,604 | $12304 |
| Blackstone Mortgage Trust, Inc. 7.75% 12/1/2029 <sup>(e)</sup>  | 142 | 150 |
| Block, Inc. 5.625% 8/15/2030 <sup>(e)</sup>  | 3405 | 3452 |
| Block, Inc. 6.50% 5/15/2032  | 14650 | 15174 |
| Block, Inc. 6.00% 8/15/2033 <sup>(e)</sup>  | 4360 | 4468 |
| BNP Paribas SA 2.871% 4/19/2032 (USD-SOFR + 1.387% on 4/19/2031) <sup>(e)(f)</sup>  | 19507 | 17731 |
| BPCE SA 5.936% 5/30/2035 (USD-SOFR + 1.85% on 5/30/2034) <sup>(e)(f)</sup>  | 28000 | 29343 |
| BPCE SA 6.293% 1/14/2036 (USD-SOFR + 2.04% on 1/14/2035) <sup>(e)(f)</sup>  | 20000 | 21413 |
| Brown & Brown, Inc. 5.25% 6/23/2032  | 5677 | 5825 |
| Brown & Brown, Inc. 5.55% 6/23/2035  | 16746 | 17240 |
| Brown & Brown, Inc. 6.25% 6/23/2055  | 2177 | 2293 |
| CaixaBank SA 5.581% 7/3/2036 (USD-SOFR + 1.79% on 7/3/2035) <sup>(e)(f)</sup>  | 12609 | 12922 |
| Capital One Financial Corp. 5.468% 2/1/2029 (USD-SOFR + 2.08% on 2/1/2028) <sup>(f)</sup>  | 466 | 478 |
| Capital One Financial Corp. 5.70% 2/1/2030 (USD-SOFR + 1.905% on 2/1/2029) <sup>(f)</sup>  | 6800 | 7062 |
| Capital One Financial Corp. 6.377% 6/8/2034 (USD-SOFR + 2.86% on 6/8/2033) <sup>(f)</sup>  | 7690 | 8321 |
| Capital One Financial Corp. 6.051% 2/1/2035 (USD-SOFR + 2.26% on 2/1/2034) <sup>(f)</sup>  | 15844 | 16825 |
| Charles Schwab Corp. (The) 5.853% 5/19/2034 (USD-SOFR + 2.50% on 5/19/2033) <sup>(f)</sup>  | 3658 | 3916 |
| Chubb INA Holdings, LLC 5.00% 3/15/2034  | 28980 | 29729 |
| Citigroup, Inc., 4.952% 5/7/2031 (USD-SOFR + 1.463% on 5/7/2030) <sup>(f)</sup>  | 3537 | 3605 |
| Citigroup, Inc. 2.52% 11/3/2032 (USD-SOFR + 1.177% on 11/3/2031) <sup>(f)</sup>  | 15254 | 13555 |
| Citigroup, Inc. 3.057% 1/25/2033 (USD-SOFR + 1.351% on 1/25/2032) <sup>(f)</sup>  | 8085 | 7363 |
| Citigroup, Inc. 6.27% 11/17/2033 (USD-SOFR + 2.338% on 11/17/2032) <sup>(f)</sup>  | 1264 | 1380 |
| Citigroup, Inc. 6.02% 1/24/2036 (USD-SOFR + 1.83% on 1/24/2035) <sup>(f)</sup>  | 2341 | 2454 |
| Citigroup, Inc. 5.333% 3/27/2036 (USD-SOFR + 1.465% on 3/27/2035) <sup>(f)</sup>  | 31611 | 32325 |
| Coinbase Global, Inc. 3.375% 10/1/2028 <sup>(e)</sup>  | 11300 | 10734 |
| Coinbase Global, Inc. 3.625% 10/1/2031 <sup>(e)</sup>  | 21900 | 19561 |
| Compass Group Diversified Holdings, LLC 5.25% 4/15/2029 <sup>(e)</sup>  | 12851 | 11883 |
| Compass Group Diversified Holdings, LLC 5.00% 1/15/2032 <sup>(e)</sup>  | 5189 | 4654 |
| Corebridge Financial, Inc. 3.85% 4/5/2029  | 583 | 574 |
| Corebridge Financial, Inc. 3.90% 4/5/2032  | 247 | 236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Danske Bank AS 4.298% 4/1/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on <br>4/1/2027) <sup>(e)(f)</sup>  | 12525 | 12540 |
| Deutsche Bank AG 2.129% 11/24/2026 (USD-SOFR + 1.87% on 11/24/2025) <sup>(f)</sup>  | 9425 | 9391 |
| Deutsche Bank AG 6.819% 11/20/2029 (USD-SOFR + 2.51% on 11/20/2028) <sup>(f)</sup>  | 7375 | 7890 |
| Deutsche Bank AG 5.403% 9/11/2035 (USD-SOFR + 2.05% on 9/11/2034) <sup>(f)</sup>  | 460 | 469 |
| Eurobank SA 4.00% 9/24/2030 (1-year EUR Mid-Swap + 2.127% on 9/24/2029) <sup>(f)</sup>  | EUR778 | 943 |
| Eurobank SA 4.875% 4/30/2031 (5-year EUR Mid-Swap + 2.165% on 4/30/2030) <sup>(f)</sup>  | 23462 | 29439 |
| Fifth Third Bancorp 6.339% 7/27/2029 (USD-SOFR + 2.34% on 7/27/2028) <sup>(f)</sup>  | USD236 | 249 |
| Freedom Mortgage Holdings, LLC 9.25% 2/1/2029 <sup>(e)</sup>  | 2400 | 2527 |
| Freedom Mortgage Holdings, LLC 8.375% 4/1/2032 <sup>(e)</sup>  | 2480 | 2601 |
| Goldman Sachs Group, Inc. 1.948% 10/21/2027 (USD-SOFR + 0.913% on 10/21/2026) <sup>(f)</sup>  | 9340 | 9121 |
| Goldman Sachs Group, Inc. 2.65% 10/21/2032 (USD-SOFR + 1.264% on 10/21/2031) <sup>(f)</sup>  | 29308 | 26366 |
| Goldman Sachs Group, Inc. 5.851% 4/25/2035 (USD-SOFR + 1.552% on 4/25/2034) <sup>(f)</sup>  | 3495 | 3725 |
| Goldman Sachs Group, Inc. 5.33% 7/23/2035 (USD-SOFR + 1.55% on 7/23/2034) <sup>(f)</sup>  | 5269 | 5426 |
| Goldman Sachs Group, Inc. 5.016% 10/23/2035 (USD-SOFR + 1.42% on 10/23/2034) <sup>(f)</sup>  | 7364 | 7417 |
| Goldman Sachs Group, Inc. 5.536% 1/28/2036 (USD-SOFR + 1.38% on 1/28/2035) <sup>(f)</sup>  | 670 | 700 |
| Goldman Sachs Group, Inc. 3.21% 4/22/2042 (USD-SOFR + 1.513% on 4/22/2041) <sup>(f)</sup>  | 8858 | 6853 |
| Goldman Sachs Group, Inc. 2.908% 7/21/2042 (USD-SOFR + 1.40% on 7/21/2041) <sup>(f)</sup>  | 3203 | 2365 |
| Howden UK Refinance PLC 7.25% 2/15/2031 <sup>(e)</sup>  | 1645 | 1695 |
| HSBC Holdings PLC 2.871% 11/22/2032 (USD-SOFR + 1.41% on 11/22/2031) <sup>(f)</sup>  | 8680 | 7826 |
| HSBC Holdings PLC 5.402% 8/11/2033 (USD-SOFR + 2.87% on 8/11/2032) <sup>(f)</sup>  | 8339 | 8657 |
| HSBC Holdings PLC 5.45% 3/3/2036 (USD-SOFR + 1.56% on 3/3/2035) <sup>(f)</sup>  | 15466 | 15966 |
| I-20 Lancaster Fund, LLC 12.00% 1/15/2035 <sup>(e)</sup>  | 6677 | 6501 |
| IIFL Finance, Ltd. 8.75% 7/24/2028 <sup>(e)</sup>  | 14955 | 15243 |

---

American Funds Strategic Bond Fund — Page 19 of 58

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**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA 7.778% 6/20/2054 (1-year UST Yield Curve Rate T Note Constant Maturity + 3.90% on <br> 6/20/2053) <sup>(e)(f)</sup>  | USD9,000 | $10818 |
| ION Platform Finance US, Inc. 7.875% 9/30/2032 <sup>(e)</sup>  | 11950 | 11871 |
| Jane Street Group, LLC 6.75% 5/1/2033 <sup>(e)</sup>  | 2960 | 3077 |
| JPMorgan Chase & Co. 4.323% 4/26/2028 (USD-SOFR + 1.56% on 4/26/2027) <sup>(f)</sup>  | 11000 | 11030 |
| JPMorgan Chase & Co. 4.505% 10/22/2028 (USD-SOFR + 0.86% on 10/22/2027) <sup>(f)</sup>  | 12188 | 12295 |
| JPMorgan Chase & Co. 2.545% 11/8/2032 (USD-SOFR + 1.18% on 11/8/2031) <sup>(f)</sup>  | 1359 | 1219 |
| JPMorgan Chase & Co. 5.766% 4/22/2035 (USD-SOFR + 1.49% on 4/22/2034) <sup>(f)</sup>  | 1474 | 1571 |
| JPMorgan Chase & Co. 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035) <sup>(f)</sup>  | 12890 | 13593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kasikornbank PCL (Hong Kong Branch) 3.343% 10/2/2031 (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 1.70% on 10/2/2026) <sup>(f)</sup>  | 5000 | 4901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC 5.679% 1/5/2035 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on <br> 1/5/2034) <sup>(f)</sup>  | 19921 | 20891 |
| Marsh & McLennan Cos., Inc. 2.375% 12/15/2031  | 7309 | 6517 |
| Marsh & McLennan Cos., Inc. 5.15% 3/15/2034  | 5113 | 5298 |
| Marsh & McLennan Cos., Inc. 5.00% 3/15/2035  | 27947 | 28305 |
| Marsh & McLennan Cos., Inc. 5.40% 3/15/2055  | 20000 | 19629 |
| Mastercard, Inc. 4.55% 1/15/2035  | 10089 | 10073 |
| Morgan Stanley 5.164% 4/20/2029 (USD-SOFR + 1.59% on 4/20/2028) <sup>(f)</sup>  | 2463 | 2521 |
| Morgan Stanley 5.656% 4/18/2030 (USD-SOFR + 1.26% on 4/18/2029) <sup>(f)</sup>  | 196 | 205 |
| Morgan Stanley 1.794% 2/13/2032 (USD-SOFR + 1.034% on 2/13/2031) <sup>(f)</sup>  | 1509 | 1316 |
| Morgan Stanley 5.32% 7/19/2035 (USD-SOFR + 1.555% on 7/19/2034) <sup>(f)</sup>  | 17777 | 18350 |
| Morgan Stanley 5.587% 1/18/2036 (USD-SOFR + 1.418% on 1/18/2035) <sup>(f)</sup>  | 7546 | 7904 |
| Morgan Stanley 5.664% 4/17/2036 (USD-SOFR + 1.757% on 4/17/2035) <sup>(f)</sup>  | 21167 | 22343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley 5.942% 2/7/2039 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.80% on <br>2/7/2039) <sup>(f)</sup>  | 9867 | 10334 |
| Navient Corp. 5.50% 3/15/2029  | 1445 | 1418 |
| Navient Corp. 9.375% 7/25/2030  | 8515 | 9418 |
| Navient Corp. 11.50% 3/15/2031  | 39 | 44 |
| Navient Corp. 7.875% 6/15/2032  | 2595 | 2734 |
| Navient Corp. 5.625% 8/1/2033  | 12530 | 11441 |
| New York Life Global Funding 4.55% 1/28/2033 <sup>(e)</sup>  | 2456 | 2454 |
| OneMain Finance Corp. 6.125% 5/15/2030  | 610 | 618 |
| OneMain Finance Corp. 7.50% 5/15/2031  | 18010 | 18843 |
| OneMain Finance Corp. 7.125% 11/15/2031  | 9659 | 10024 |
| OneMain Finance Corp. 7.125% 9/15/2032  | 4515 | 4670 |
| OneMain Finance Corp. 6.50% 3/15/2033  | 4000 | 4011 |
| Osaic Holdings, Inc. 8.00% 8/1/2033 <sup>(e)</sup>  | 1640 | 1701 |
| Oxford Finance, LLC 6.375% 2/1/2027 <sup>(e)</sup>  | 6055 | 6060 |
| Piraeus Bank SA 6.75% 12/5/2029 (1-year EUR Mid-Swap + 3.837% on 12/5/2028) <sup>(f)</sup>  | EUR3,077 | 4015 |
| Piraeus Bank SA 5.00% 4/16/2030 (1-year EUR-ICE Swap EURIBOR + 2.245% on 4/16/2029) <sup>(f)</sup>  | 2790 | 3488 |
| PNC Financial Services Group, Inc. 6.037% 10/28/2033 (USD-SOFR + 2.14% on 10/28/2032) <sup>(f)</sup>  | USD18,000 | 19447 |
| PNC Financial Services Group, Inc. 6.875% 10/20/2034 (USD-SOFR + 2.284% on 10/20/2033) <sup>(f)</sup>  | 55220 | 62581 |
| PNC Financial Services Group, Inc. 5.676% 1/22/2035 (USD-SOFR + 1.902% on 1/22/2034) <sup>(f)</sup>  | 370 | 390 |
| PNC Financial Services Group, Inc. 5.401% 7/23/2035 (USD-SOFR + 1.599% on 7/23/2034) <sup>(f)</sup>  | 20824 | 21563 |
| PNC Financial Services Group, Inc. 5.575% 1/29/2036 (USD-SOFR + 1.394% on 1/29/2035) <sup>(f)</sup>  | 3430 | 3580 |
| Starwood Property Trust, Inc. 5.75% 1/15/2031 <sup>(e)</sup>  | 7845 | 7850 |
| Synchrony Financial 5.45% 3/6/2031 (USD-SOFR + 1.68% on 3/6/2030) <sup>(f)</sup>  | 9266 | 9445 |
| Synchrony Financial 7.25% 2/2/2033  | 9096 | 9711 |
| Synchrony Financial 6.00% 7/29/2036 (USD-SOFR Index + 2.07% on 7/29/2035) <sup>(f)</sup>  | 15390 | 15753 |
| Toronto-Dominion Bank (The) 2.00% 9/10/2031  | 1469 | 1306 |
| Travelers Cos., Inc. 2.55% 4/27/2050  | 334 | 206 |
| Truist Financial Corp. 5.153% 8/5/2032 (USD-SOFR + 1.571% on 8/5/2031) <sup>(f)</sup>  | 12783 | 13159 |
| Truist Financial Corp. 5.122% 1/26/2034 (USD-SOFR + 1.60% on 1/26/2033) <sup>(f)</sup>  | 4725 | 4802 |

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American Funds Strategic Bond Fund — Page 20 of 58

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**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Truist Financial Corp. 5.867% 6/8/2034 (USD-SOFR + 2.361% on 6/8/2033) <sup>(f)</sup>  | USD1,597 | $1693 |
| Truist Financial Corp. 5.711% 1/24/2035 (USD-SOFR + 1.922% on 1/24/2034) <sup>(f)</sup>  | 21665 | 22742 |
| Truist Insurance Holdings, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.752% 5/6/2032 <sup>(d)(h)</sup>  | 6745 | 6881 |
| U.S. Bancorp 5.85% 10/21/2033 (USD-SOFR + 2.09% on 10/21/2032) <sup>(f)</sup>  | 1600 | 1707 |
| U.S. Bancorp 4.839% 2/1/2034 (USD-SOFR + 1.60% on 2/1/2033) <sup>(f)</sup>  | 2050 | 2060 |
| U.S. Bancorp 5.836% 6/12/2034 (USD-SOFR + 2.26% on 6/10/2033) <sup>(f)</sup>  | 14572 | 15533 |
| U.S. Bancorp 5.678% 1/23/2035 (USD-SOFR + 1.86% on 1/23/2034) <sup>(f)</sup>  | 26684 | 28105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG 2.095% 2/11/2032 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.00% on <br>2/11/2031) <sup>(e)(f)</sup>  | 750 | 662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG 4.375% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 3.313% on 2/10/2031) <sup>(e)(f)</sup>  | 4980 | 4537 |
| Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027) <sup>(f)</sup>  | 490 | 502 |
| Wells Fargo & Co. 4.808% 7/25/2028 (USD-SOFR + 1.98% on 7/25/2027) <sup>(f)</sup>  | 9160 | 9270 |
| Wells Fargo & Co. 4.897% 7/25/2033 (USD-SOFR + 4.897% on 7/25/2032) <sup>(f)</sup>  | 4891 | 4971 |
| Wells Fargo & Co. 5.557% 7/25/2034 (USD-SOFR + 1.99% on 7/25/2033) <sup>(f)</sup>  | 13020 | 13681 |
| Wells Fargo & Co. 6.491% 10/23/2034 (USD-SOFR + 2.06% on 10/23/2033) <sup>(f)</sup>  | 15500 | 17227 |
| Wells Fargo & Co. 5.605% 4/23/2036 (USD-SOFR + 1.74% on 4/23/2035) <sup>(f)</sup>  | 16110 | 16913 |
| Wells Fargo & Co. 4.611% 4/25/2053 (USD-SOFR + 2.13% on 4/25/2052) <sup>(f)</sup>  | 98 | 86 |
|  |  | 1256947 |
| **Health care 4.20%** |  |  |
| AbbVie, Inc. 3.20% 11/21/2029  | 1207 | 1165 |
| AbbVie, Inc. 5.05% 3/15/2034  | 32320 | 33269 |
| AbbVie, Inc. 5.35% 3/15/2044  | 1350 | 1358 |
| AbbVie, Inc. 5.40% 3/15/2054  | 4407 | 4385 |
| AbbVie, Inc. 5.50% 3/15/2064  | 3650 | 3651 |
| AdaptHealth, LLC 5.125% 3/1/2030 <sup>(e)</sup>  | 6865 | 6553 |
| Amgen, Inc. 3.00% 2/22/2029  | 600 | 578 |
| Amgen, Inc. 4.05% 8/18/2029  | 16075 | 16017 |
| Amgen, Inc. 5.25% 3/2/2030  | 11990 | 12431 |
| Amgen, Inc. 4.20% 3/1/2033  | 14000 | 13621 |
| Amgen, Inc. 5.25% 3/2/2033  | 53634 | 55573 |
| Amgen, Inc. 4.875% 3/1/2053  | 4975 | 4440 |
| Amgen, Inc. 5.65% 3/2/2053  | 19623 | 19586 |
| Amgen, Inc. 5.75% 3/2/2063  | 11582 | 11563 |
| Amneal Pharmaceuticals, LLC, Term Loan B, (1-month USD CME Term SOFR + 3.50%) 7.663% 8/1/2032 <sup>(d)(h)</sup>  | 3965 | 3965 |
| AstraZeneca Finance, LLC 5.00% 2/26/2034  | 16875 | 17410 |
| Avantor Funding, Inc. 4.625% 7/15/2028 <sup>(e)</sup>  | 5785 | 5696 |
| Banner Health 2.913% 1/1/2051  | 9266 | 5961 |
| Baxter International, Inc. 2.539% 2/1/2032  | 5260 | 4613 |
| Baxter International, Inc. 3.132% 12/1/2051  | 12537 | 8008 |
| Bayer US Finance, LLC 6.50% 11/21/2033 <sup>(e)</sup>  | 1011 | 1091 |
| Bayer US Finance, LLC 6.875% 11/21/2053 <sup>(e)</sup>  | 663 | 722 |
| Baylor Scott & White Holdings 0.827% 11/15/2025  | 5463 | 5440 |
| Baylor Scott & White Holdings 1.777% 11/15/2030  | 17685 | 15697 |
| Bristol-Myers Squibb Co. 5.20% 2/22/2034  | 14739 | 15290 |
| Bristol-Myers Squibb Co. 5.50% 2/22/2044  | 2825 | 2858 |
| Bristol-Myers Squibb Co. 6.25% 11/15/2053  | 821 | 897 |
| Bristol-Myers Squibb Co. 5.55% 2/22/2054  | 8416 | 8394 |
| Bristol-Myers Squibb Co. 5.65% 2/22/2064  | 3325 | 3300 |
| Centene Corp. 2.45% 7/15/2028  | 24165 | 22474 |
| Centene Corp. 3.00% 10/15/2030  | 3625 | 3241 |
| Centene Corp. 2.50% 3/1/2031  | 6272 | 5407 |
| Centene Corp. 2.625% 8/1/2031  | 8805 | 7570 |

---

American Funds Strategic Bond Fund — Page 21 of 58

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**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Health care (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Cigna Group (The) 2.375% 3/15/2031  | USD1,713 | $1542 |
| Cigna Group (The) 5.25% 2/15/2034  | 2670 | 2749 |
| Cigna Group (The) 5.25% 1/15/2036  | 15000 | 15197 |
| Cigna Group (The) 6.00% 1/15/2056  | 7500 | 7786 |
| CVS Health Corp. 5.00% 9/15/2032  | 4215 | 4268 |
| CVS Health Corp. 5.70% 6/1/2034  | 4891 | 5106 |
| CVS Health Corp. 5.45% 9/15/2035  | 33121 | 33719 |
| CVS Health Corp. 6.00% 6/1/2044  | 25017 | 25396 |
| CVS Health Corp. 6.05% 6/1/2054  | 27917 | 28258 |
| CVS Health Corp. 6.20% 9/15/2055  | 19433 | 20015 |
| CVS Health Corp. 6.00% 6/1/2063  | 2462 | 2427 |
| Elevance Health, Inc. 5.00% 1/15/2036  | 18000 | 17876 |
| Elevance Health, Inc. 5.125% 2/15/2053  | 926 | 846 |
| Elevance Health, Inc. 5.70% 9/15/2055  | 6000 | 5951 |
| Eli Lilly and Co. 5.10% 2/12/2035  | 2363 | 2446 |
| Eli Lilly and Co. 5.50% 2/12/2055  | 929 | 950 |
| Endo Finance Holdings, Inc. 8.50% 4/15/2031 <sup>(e)</sup>  | 3896 | 4185 |
| Endo Finance Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.00%) 8.163% 4/23/2031 <sup>(d)(h)</sup>  | 3658 | 3668 |
| Gilead Sciences, Inc. 5.25% 10/15/2033  | 1710 | 1794 |
| Gilead Sciences, Inc. 5.10% 6/15/2035  | 16744 | 17210 |
| Gilead Sciences, Inc. 2.80% 10/1/2050  | 1462 | 945 |
| HCA, Inc. 3.625% 3/15/2032  | 5028 | 4718 |
| Humana, Inc. 5.375% 4/15/2031  | 1202 | 1237 |
| Humana, Inc. 5.95% 3/15/2034  | 7875 | 8286 |
| Humana, Inc. 5.75% 4/15/2054  | 10171 | 9715 |
| Johnson & Johnson 4.95% 6/1/2034  | 3907 | 4108 |
| Johnson & Johnson 5.25% 6/1/2054  | 1290 | 1316 |
| Molina Healthcare, Inc. 6.25% 1/15/2033 <sup>(e)</sup>  | 1965 | 1989 |
| Owens & Minor, Inc. 6.625% 4/1/2030 <sup>(e)</sup>  | 19590 | 16180 |
| Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033  | 5109 | 5163 |
| Pfizer Investment Enterprises Pte., Ltd. 5.11% 5/19/2043  | 20000 | 19393 |
| Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053  | 12206 | 11804 |
| Radiology Partners, Inc. 9.781% PIK 2/15/2030 <sup>(e)(i)</sup>  | 803 | 786 |
| Roche Holdings, Inc. 5.593% 11/13/2033 <sup>(e)</sup>  | 4971 | 5341 |
| Roche Holdings, Inc. 4.985% 3/8/2034 <sup>(e)</sup>  | 1154 | 1192 |
| Roche Holdings, Inc. 4.592% 9/9/2034 <sup>(e)</sup>  | 2272 | 2273 |
| Roche Holdings, Inc. 2.607% 12/13/2051 <sup>(e)</sup>  | 9473 | 5893 |
| Roche Holdings, Inc. 5.218% 3/8/2054 <sup>(e)</sup>  | 608 | 599 |
| Sterigenics-Nordion Holdings, LLC 7.375% 6/1/2031 <sup>(e)</sup>  | 7800 | 8200 |
| Summa Health 3.511% 11/15/2051  | 9945 | 8076 |
| Sutter Health 5.164% 8/15/2033  | 9905 | 10185 |
| Takeda U.S. Financing, Inc. 5.20% 7/7/2035  | 30167 | 30675 |
| Takeda U.S. Financing, Inc. 5.90% 7/7/2055  | 5164 | 5324 |
| Team Health Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.50%) 8.796% 6/30/2028 <sup>(d)(h)</sup>  | 968 | 968 |
| Teva Pharmaceutical Finance Netherlands III BV 4.75% 5/9/2027  | 8625 | 8624 |
| Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028  | 3900 | 4052 |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | 16280 | 16381 |
| Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029  | 10106 | 11041 |
| Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031  | 9012 | 10315 |
| Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046  | 2337 | 1746 |
| Teva Pharmaceutical Finance Netherlands IV BV 5.75% 12/1/2030  | 5265 | 5428 |
| UnitedHealth Group, Inc. 2.00% 5/15/2030  | 5404 | 4900 |
| UnitedHealth Group, Inc. 4.20% 5/15/2032  | 1442 | 1422 |
| UnitedHealth Group, Inc. 5.35% 2/15/2033  | 10110 | 10570 |

---

American Funds Strategic Bond Fund — Page 22 of 58

------

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Health care (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| UnitedHealth Group, Inc. 5.00% 4/15/2034  | USD1,187 | $1206 |
| UnitedHealth Group, Inc. 5.15% 7/15/2034  | 8261 | 8482 |
| UnitedHealth Group, Inc. 5.30% 6/15/2035  | 24288 | 25117 |
| UnitedHealth Group, Inc. 5.50% 7/15/2044  | 23000 | 23057 |
| UnitedHealth Group, Inc. 3.25% 5/15/2051  | 14216 | 9703 |
| UnitedHealth Group, Inc. 4.75% 5/15/2052  | 3613 | 3188 |
| UnitedHealth Group, Inc. 5.875% 2/15/2053  | 7300 | 7510 |
| UnitedHealth Group, Inc. 5.375% 4/15/2054  | 3314 | 3185 |
| UnitedHealth Group, Inc. 5.95% 6/15/2055  | 8663 | 9038 |
| UnitedHealth Group, Inc. 5.50% 4/15/2064  | 1540 | 1477 |
| Viatris, Inc. 4.00% 6/22/2050  | 10607 | 7241 |
| West Virginia United Health System Obligated Group 3.129% 6/1/2050  | 2775 | 1784 |
|  |  | 863446 |
| **Energy 3.23%** |  |  |
| 3R Lux SARL 9.75% 2/5/2031 <sup>(e)</sup>  | 6224 | 6577 |
| AI Candelaria (Spain) SA 5.75% 6/15/2033 <sup>(e)</sup>  | 2990 | 2720 |
| APA Corp. 4.75% 4/15/2043  | 1749 | 1345 |
| APA Corp. 5.35% 7/1/2049  | 325 | 272 |
| Ascent Resources Utica Holdings, LLC 6.625% 7/15/2033 <sup>(e)</sup>  | 4255 | 4329 |
| Baytex Energy Corp. 7.375% 3/15/2032 <sup>(e)</sup>  | 3790 | 3714 |
| Blue Racer Midstream, LLC 7.00% 7/15/2029 <sup>(e)</sup>  | 2815 | 2921 |
| Borr IHC, Ltd. 10.00% 11/15/2028 <sup>(e)</sup>  | 2087 | 2078 |
| Borr IHC, Ltd. 10.375% 11/15/2030 <sup>(e)</sup>  | 9272 | 9295 |
| Canadian Natural Resources, Ltd. 2.95% 7/15/2030  | 474 | 444 |
| Cheniere Energy Partners, LP 4.00% 3/1/2031  | 4438 | 4281 |
| Cheniere Energy Partners, LP 5.95% 6/30/2033  | 13898 | 14719 |
| Chevron Corp. 2.236% 5/11/2030  | 3290 | 3044 |
| Chevron Corp. 3.078% 5/11/2050  | 1094 | 760 |
| Civitas Resources, Inc. 8.375% 7/1/2028 <sup>(e)</sup>  | 11652 | 12092 |
| Civitas Resources, Inc. 8.625% 11/1/2030 <sup>(e)</sup>  | 2275 | 2358 |
| Civitas Resources, Inc. 8.75% 7/1/2031 <sup>(e)</sup>  | 8422 | 8639 |
| Civitas Resources, Inc. 9.625% 6/15/2033 <sup>(e)</sup>  | 7899 | 8349 |
| CNX Resources Corp. 7.375% 1/15/2031 <sup>(e)</sup>  | 2853 | 2944 |
| CNX Resources Corp. 7.25% 3/1/2032 <sup>(e)</sup>  | 1960 | 2035 |
| Comstock Resources, Inc. 5.875% 1/15/2030 <sup>(e)</sup>  | 2794 | 2693 |
| Constellation Oil Services Holding SA 9.375% 11/7/2029 <sup>(e)</sup>  | 12510 | 12835 |
| Crescent Energy Finance, LLC 9.25% 2/15/2028 <sup>(e)</sup>  | 2193 | 2278 |
| Crescent Energy Finance, LLC 7.625% 4/1/2032 <sup>(e)</sup>  | 4503 | 4475 |
| Crescent Energy Finance, LLC 7.375% 1/15/2033 <sup>(e)</sup>  | 5740 | 5593 |
| Crescent Energy Finance, LLC 8.375% 1/15/2034 <sup>(e)</sup>  | 4705 | 4771 |
| Devon Energy Corp. 5.75% 9/15/2054  | 10306 | 9568 |
| Diamondback Energy, Inc. 5.15% 1/30/2030  | 2904 | 2992 |
| Diamondback Energy, Inc. 5.40% 4/18/2034  | 9785 | 9993 |
| Diamondback Energy, Inc. 5.75% 4/18/2054  | 4775 | 4600 |
| Diamondback Energy, Inc. 5.90% 4/18/2064  | 3201 | 3084 |
| Ecopetrol SA 7.75% 2/1/2032  | 25000 | 25886 |
| Ecopetrol SA 8.875% 1/13/2033  | 15940 | 17289 |
| Ecopetrol SA 8.375% 1/19/2036  | 17425 | 18007 |
| Energean Israel Finance, Ltd. 5.875% 3/30/2031 <sup>(e)</sup>  | 6445 | 6196 |
| EQT Corp. 4.50% 1/15/2029  | 2361 | 2362 |
| Equinor ASA 3.70% 4/6/2050  | 1128 | 878 |
| Exxon Mobil Corp. 4.227% 3/19/2040  | 1112 | 1019 |
| Exxon Mobil Corp. 3.452% 4/15/2051  | 1139 | 835 |

---

American Funds Strategic Bond Fund — Page 23 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Energy (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| GeoPark, Ltd. 8.75% 1/31/2030 <sup>(e)</sup>  | USD13,658 | $12360 |
| GeoPark, Ltd. 8.75% 1/31/2030  | 642 | 581 |
| Global Partners, LP 8.25% 1/15/2032 <sup>(e)</sup>  | 1978 | 2088 |
| Gray Oak Pipeline, LLC 2.60% 10/15/2025 <sup>(e)</sup>  | 4442 | 4438 |
| Gulfport Energy Operating Corp. 6.75% 9/1/2029 <sup>(e)</sup>  | 4440 | 4562 |
| Hilcorp Energy I, LP 5.75% 2/1/2029 <sup>(e)</sup>  | 1191 | 1174 |
| Hilcorp Energy I, LP 6.00% 4/15/2030 <sup>(e)</sup>  | 2502 | 2468 |
| Hilcorp Energy I, LP 6.00% 2/1/2031 <sup>(e)</sup>  | 801 | 774 |
| Hilcorp Energy I, LP 6.25% 4/15/2032 <sup>(e)</sup>  | 4216 | 4048 |
| Hilcorp Energy I, LP 8.375% 11/1/2033 <sup>(e)</sup>  | 7153 | 7518 |
| Hilcorp Energy I, LP 6.875% 5/15/2034 <sup>(e)</sup>  | 1405 | 1356 |
| Kodiak Gas Services, LLC 6.50% 10/1/2033 <sup>(e)</sup>  | 2325 | 2369 |
| Kodiak Gas Services, LLC 6.75% 10/1/2035 <sup>(e)</sup>  | 2325 | 2389 |
| Kraken Oil & Gas Partners, LLC 7.625% 8/15/2029 <sup>(e)</sup>  | 2571 | 2550 |
| Leviathan Bond, Ltd. 6.75% 6/30/2030 <sup>(e)</sup>  | 5495 | 5522 |
| Matador Resources Co. 6.25% 4/15/2033 <sup>(e)</sup>  | 3521 | 3546 |
| Modec Finance BV 7.84% 7/15/2026 <sup>(g)(j)</sup>  | 9000 | 9112 |
| MPLX, LP 5.40% 9/15/2035  | 6168 | 6184 |
| Murphy Oil Corp. 6.00% 10/1/2032  | 2492 | 2460 |
| MV24 Capital BV 6.748% 6/1/2034  | 7611 | 7561 |
| Nabors Industries, Inc. 9.125% 1/31/2030 <sup>(e)</sup>  | 6375 | 6635 |
| Nabors Industries, Inc. 8.875% 8/15/2031 <sup>(e)</sup>  | 5443 | 5073 |
| NFE Financing, LLC 12.00% 11/15/2029 <sup>(e)</sup>  | 67715 | 19976 |
| NGL Energy Operating, LLC 8.125% 2/15/2029 <sup>(e)</sup>  | 1812 | 1859 |
| NGL Energy Operating, LLC 8.375% 2/15/2032 <sup>(e)</sup>  | 4260 | 4369 |
| Noble Finance II, LLC 8.00% 4/15/2030 <sup>(e)</sup>  | 12564 | 13014 |
| Northern Oil and Gas, Inc. 8.75% 6/15/2031 <sup>(e)</sup>  | 6926 | 7164 |
| Permian Resources Operating, LLC 9.875% 7/15/2031 <sup>(e)</sup>  | 4711 | 5128 |
| Permian Resources Operating, LLC 7.00% 1/15/2032 <sup>(e)</sup>  | 2150 | 2231 |
| Petroleos Mexicanos 6.875% 10/16/2025  | 25000 | 24984 |
| Petroleos Mexicanos 4.50% 1/23/2026  | 2188 | 2177 |
| Petroleos Mexicanos 5.35% 2/12/2028  | 15000 | 14947 |
| Petroleos Mexicanos 6.70% 2/16/2032  | 11544 | 11447 |
| Petroleos Mexicanos 10.00% 2/7/2033  | 6870 | 7977 |
| Petroleos Mexicanos 6.50% 6/2/2041  | 414 | 363 |
| Petroleos Mexicanos 6.375% 1/23/2045  | 160 | 130 |
| Petroleos Mexicanos 6.75% 9/21/2047  | 1406 | 1161 |
| Petroleos Mexicanos 6.35% 2/12/2048  | 233 | 185 |
| Petroleos Mexicanos 7.69% 1/23/2050  | 1481 | 1347 |
| Petroleos Mexicanos 6.95% 1/28/2060  | 1657 | 1364 |
| Pluspetrol SA 8.50% 5/30/2032 <sup>(e)</sup>  | 13516 | 13516 |
| Raizen Fuels Finance SA 6.70% 2/25/2037 <sup>(e)</sup>  | 12695 | 12346 |
| Range Resources Corp. 4.75% 2/15/2030 <sup>(e)</sup>  | 1242 | 1216 |
| Repsol E&P Capital Markets US, LLC 5.976% 9/16/2035 <sup>(e)</sup>  | 7708 | 7857 |
| Saudi Arabian Oil Co. 5.75% 7/17/2054 <sup>(e)</sup>  | 17670 | 17601 |
| Summit Midstream Holdings, LLC 8.625% 10/31/2029 <sup>(e)</sup>  | 2840 | 2856 |
| Sunoco, LP 7.00% 5/1/2029 <sup>(e)</sup>  | 3697 | 3831 |
| Sunoco, LP 5.625% 3/15/2031 <sup>(e)</sup>  | 2765 | 2746 |
| Sunoco, LP 7.25% 5/1/2032 <sup>(e)</sup>  | 4281 | 4496 |
| Sunoco, LP 5.875% 3/15/2034 <sup>(e)</sup>  | 3140 | 3115 |
| Talos Production, Inc. 9.00% 2/1/2029 <sup>(e)</sup>  | 2789 | 2886 |
| Talos Production, Inc. 9.375% 2/1/2031 <sup>(e)</sup>  | 2551 | 2659 |
| Targa Resources Corp. 5.65% 2/15/2036  | 6148 | 6298 |
| TotalEnergies Capital SA 4.724% 9/10/2034  | 1001 | 1008 |

---

American Funds Strategic Bond Fund — Page 24 of 58

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**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Energy (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Transocean Aquila, Ltd. 8.00% 9/30/2028 <sup>(e)</sup>  | USD2,623 | $2700 |
| Transocean International, Ltd. 7.875% 10/15/2032 <sup>(e)</sup>  | 1430 | 1448 |
| Transocean, Inc. 8.00% 2/1/2027 <sup>(e)</sup>  | 3973 | 3971 |
| Transocean, Inc. 8.25% 5/15/2029 <sup>(e)</sup>  | 4864 | 4799 |
| Transocean, Inc. 8.75% 2/15/2030 <sup>(e)</sup>  | 2639 | 2778 |
| Transocean, Inc. 8.50% 5/15/2031 <sup>(e)</sup>  | 4170 | 4090 |
| Transocean, Inc. 6.80% 3/15/2038  | 4633 | 3927 |
| Transportadora de Gas del Sur SA 8.50% 7/24/2031 <sup>(e)</sup>  | 10200 | 10507 |
| USA Compression Partners, LP 7.125% 3/15/2029 <sup>(e)</sup>  | 7097 | 7324 |
| Venture Global Calcasieu Pass, LLC 6.25% 1/15/2030 <sup>(e)</sup>  | 10003 | 10439 |
| Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031 <sup>(e)</sup>  | 3678 | 3474 |
| Venture Global LNG, Inc. 8.125% 6/1/2028 <sup>(e)</sup>  | 9500 | 9840 |
| Venture Global LNG, Inc. 8.375% 6/1/2031 <sup>(e)</sup>  | 9266 | 9736 |
| Venture Global Plaquemines LNG, LLC 7.50% 5/1/2033 <sup>(e)</sup>  | 8733 | 9655 |
| Venture Global Plaquemines LNG, LLC 6.50% 1/15/2034 <sup>(e)</sup>  | 8095 | 8526 |
| Venture Global Plaquemines LNG, LLC 7.75% 5/1/2035 <sup>(e)</sup>  | 6616 | 7472 |
| Venture Global Plaquemines LNG, LLC 6.75% 1/15/2036 <sup>(e)</sup>  | 6025 | 6403 |
| Vista Energy Argentina S.A.U. 7.625% 12/10/2035 <sup>(e)</sup>  | 15610 | 15181 |
| Vital Energy, Inc. 7.875% 4/15/2032 <sup>(e)</sup>  | 10178 | 9887 |
| Wildfire Intermediate Holdings, LLC 7.50% 10/15/2029 <sup>(e)</sup>  | 6180 | 6260 |
|  |  | 663709 |
| **Communication services 2.66%** |  |  |
| Alphabet, Inc. 4.50% 5/15/2035  | 7623 | 7633 |
| Alphabet, Inc. 5.25% 5/15/2055  | 440 | 441 |
| America Movil, SAB de CV, 10.125% 1/22/2029  | MXN1,283,880 | 73050 |
| America Movil, SAB de CV, 9.50% 1/27/2031  | 1219000 | 68419 |
| AT&T, Inc. 4.35% 3/1/2029  | USD1,250 | 1256 |
| AT&T, Inc. 3.50% 9/15/2053  | 22215 | 15378 |
| AT&T, Inc. 3.55% 9/15/2055  | 2078 | 1433 |
| CCO Holdings, LLC 4.75% 2/1/2032 <sup>(e)</sup>  | 20000 | 18512 |
| CCO Holdings, LLC 4.50% 6/1/2033 <sup>(e)</sup>  | 19875 | 17683 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(e)</sup>  | 8725 | 7549 |
| Charter Communications Operating, LLC 4.80% 3/1/2050  | 5599 | 4437 |
| Charter Communications Operating, LLC 3.70% 4/1/2051  | 2964 | 1957 |
| Charter Communications Operating, LLC 3.90% 6/1/2052  | 7235 | 4904 |
| Charter Communications Operating, LLC 5.25% 4/1/2053  | 12946 | 10825 |
| Comcast Corp. 5.65% 6/1/2054  | 7188 | 7059 |
| Connect Finco SARL 9.00% 9/15/2029 <sup>(e)</sup>  | 22115 | 23279 |
| Consolidated Communications, Inc. 5.00% 10/1/2028 <sup>(e)</sup>  | 2800 | 2835 |
| DIRECTV Financing, LLC 8.875% 2/1/2030 <sup>(e)</sup>  | 7640 | 7556 |
| DISH Network Corp. 11.75% 11/15/2027 <sup>(e)</sup>  | 17150 | 18163 |
| EchoStar Corp. 10.75% 11/30/2029  | 22030 | 24254 |
| EchoStar Corp. 6.75% PIK 11/30/2030 <sup>(i)</sup>  | 9549 | 9852 |
| Embarq, LLC 7.995% 6/1/2036  | 1250 | 626 |
| Gray Media, Inc. 10.50% 7/15/2029 <sup>(e)</sup>  | 11976 | 12959 |
| Gray Media, Inc. 5.375% 11/15/2031 <sup>(e)</sup>  | 1686 | 1268 |
| Gray Media, Inc. 9.625% 7/15/2032 <sup>(e)</sup>  | 3475 | 3553 |
| Gray Television, Inc., Term Loan D, (3-month USD CME Term SOFR + 3.00%) 7.395% 12/1/2028 <sup>(d)(h)</sup>  | 7000 | 7008 |
| Gray Television, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.25%) 9.53% 6/4/2029 <sup>(d)(h)</sup>  | 101 | 102 |
| Lindblad Expeditions, LLC 7.00% 9/15/2030 <sup>(e)</sup>  | 2645 | 2698 |
| Meta Platforms, Inc. 4.45% 8/15/2052  | 22500 | 19335 |
| Meta Platforms, Inc. 5.40% 8/15/2054  | 5297 | 5238 |
| News Corp. 3.875% 5/15/2029 <sup>(e)</sup>  | 3725 | 3599 |

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American Funds Strategic Bond Fund — Page 25 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Communication services (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Nexstar Media, Inc. 4.75% 11/1/2028 <sup>(e)</sup>  | USD5,559 | $5430 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(e)</sup>  | 7600 | 7350 |
| Sirius XM Radio, LLC 5.50% 7/1/2029 <sup>(e)</sup>  | 3150 | 3153 |
| Sirius XM Radio, LLC 4.125% 7/1/2030 <sup>(e)</sup>  | 6476 | 6078 |
| Sirius XM Radio, LLC 3.875% 9/1/2031 <sup>(e)</sup>  | 9798 | 8886 |
| Snap, Inc. 6.875% 3/1/2033 <sup>(e)</sup>  | 6125 | 6267 |
| Stagwell Global, LLC 5.625% 8/15/2029 <sup>(e)</sup>  | 5810 | 5649 |
| T-Mobile USA, Inc. 2.55% 2/15/2031  | 19963 | 18145 |
| T-Mobile USA, Inc. 2.875% 2/15/2031  | 3037 | 2801 |
| T-Mobile USA, Inc. 5.30% 5/15/2035  | 2812 | 2882 |
| Univision Communications, Inc. 8.00% 8/15/2028 <sup>(e)</sup>  | 5485 | 5688 |
| Univision Communications, Inc. 4.50% 5/1/2029 <sup>(e)</sup>  | 6254 | 5904 |
| Univision Communications, Inc. 7.375% 6/30/2030 <sup>(e)</sup>  | 9335 | 9388 |
| Univision Communications, Inc. 8.50% 7/31/2031 <sup>(e)</sup>  | 9750 | 10076 |
| Univision Communications, Inc. 9.375% 8/1/2032 <sup>(e)</sup>  | 4575 | 4879 |
| Verizon Communications, Inc. 2.55% 3/21/2031  | 8188 | 7446 |
| Verizon Communications, Inc. 5.25% 4/2/2035  | 3037 | 3089 |
| Verizon Communications, Inc. 3.55% 3/22/2051  | 15000 | 11006 |
| WarnerMedia Holdings, Inc. 5.05% 3/15/2042  | 38204 | 30523 |
| WarnerMedia Holdings, Inc. 5.141% 3/15/2052  | 2535 | 1892 |
| X Corp., Term Loan B, (USD-SOFR + 6.50%) 10.958% 10/26/2029 <sup>(d)(h)</sup>  | 7954 | 7812 |
|  |  | 547205 |
| **Consumer discretionary 2.61%** |  |  |
| Advance Auto Parts, Inc. 5.95% 3/9/2028  | 1299 | 1329 |
| Advance Auto Parts, Inc. 7.00% 8/1/2030 <sup>(e)</sup>  | 1010 | 1040 |
| Advance Auto Parts, Inc. 3.50% 3/15/2032  | 2463 | 2156 |
| Advance Auto Parts, Inc. 7.375% 8/1/2033 <sup>(e)</sup>  | 16080 | 16595 |
| Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 5.614%) 9.765% 3/11/2030 <sup>(d)(g)(h)</sup>  | 448 | 448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 7.614%) 6.00% PIK and 5.98% <br> Cash 3/11/2030 <sup>(d)(g)(h)(i)</sup>  | 417 | 417 |
| Allied Universal Holdco, LLC 4.625% 6/1/2028 <sup>(e)</sup>  | 1530 | 1501 |
| Allied Universal Holdco, LLC 6.875% 6/15/2030 <sup>(e)</sup>  | 9673 | 9950 |
| AutoNation, Inc. 5.89% 3/15/2035  | 16000 | 16545 |
| Boyd Gaming Corp. 4.75% 12/1/2027  | 2300 | 2291 |
| Caesars Entertainment, Inc. 6.50% 2/15/2032 <sup>(e)</sup>  | 16000 | 16330 |
| Carnival Corp. 4.00% 8/1/2028 <sup>(e)</sup>  | 11000 | 10850 |
| Carnival Corp. 5.125% 5/1/2029 <sup>(e)</sup>  | 3460 | 3460 |
| Carnival Corp. 6.00% 5/1/2029 <sup>(e)</sup>  | 14555 | 14782 |
| Carnival Corp. 7.00% 8/15/2029 <sup>(e)</sup>  | 6150 | 6480 |
| Carnival Corp. 5.75% 3/15/2030 <sup>(e)</sup>  | 6949 | 7099 |
| Carnival Corp. 6.125% 2/15/2033 <sup>(e)</sup>  | 4665 | 4785 |
| Cougar JV Subsidiary, LLC 8.00% 5/15/2032 <sup>(e)</sup>  | 1635 | 1741 |
| Daimler Trucks Finance North America, LLC 5.125% 1/19/2028 <sup>(e)</sup>  | 24000 | 24429 |
| Daimler Trucks Finance North America, LLC 2.375% 12/14/2028 <sup>(e)</sup>  | 7775 | 7329 |
| Fertitta Entertainment, LLC 4.625% 1/15/2029 <sup>(e)</sup>  | 7121 | 6783 |
| Fertitta Entertainment, LLC 6.75% 1/15/2030 <sup>(e)</sup>  | 2340 | 2197 |
| Ford Motor Co. 4.75% 1/15/2043  | 3085 | 2461 |
| Ford Motor Co. 5.291% 12/8/2046  | 6181 | 5211 |
| Ford Motor Credit Co., LLC 2.70% 8/10/2026  | 7820 | 7696 |
| Ford Motor Credit Co., LLC 5.85% 5/17/2027  | 20000 | 20255 |
| Ford Motor Credit Co., LLC 4.95% 5/28/2027  | 7775 | 7765 |
| Ford Motor Credit Co., LLC 3.815% 11/2/2027  | 10000 | 9757 |
| Ford Motor Credit Co., LLC 5.918% 3/20/2028  | 14023 | 14266 |

---

American Funds Strategic Bond Fund — Page 26 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Consumer discretionary (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Ford Motor Credit Co., LLC 2.90% 2/10/2029  | USD1,994 | $1848 |
| Ford Motor Credit Co., LLC 7.20% 6/10/2030  | 2895 | 3096 |
| Ford Motor Credit Co., LLC 5.73% 9/5/2030  | 3924 | 3958 |
| Ford Motor Credit Co., LLC 6.054% 11/5/2031  | 11239 | 11491 |
| Ford Motor Credit Co., LLC 7.122% 11/7/2033  | 4509 | 4822 |
| Ford Motor Credit Co., LLC 6.125% 3/8/2034  | 13631 | 13704 |
| Ford Motor Credit Co., LLC 6.50% 2/7/2035  | 21000 | 21586 |
| General Motors Financial Co., Inc. 5.625% 4/4/2032  | 5337 | 5511 |
| General Motors Financial Co., Inc. 5.45% 9/6/2034  | 9957 | 10022 |
| General Motors Financial Co., Inc. 6.15% 7/15/2035  | 13972 | 14620 |
| GENM Capital Labuan, Ltd. 3.882% 4/19/2031  | 14000 | 12893 |
| Genting New York, LLC 7.25% 10/1/2029 <sup>(e)</sup>  | 2200 | 2274 |
| Gildan Activewear Inc. 5.40% 10/7/2035 <sup>(e)</sup>  | 4080 | 4083 |
| Grand Canyon University 4.375% 10/1/2026  | 7500 | 7361 |
| Grand Canyon University 5.125% 10/1/2028  | 7000 | 6901 |
| Great Canadian Gaming Corp. 8.75% 11/15/2029 <sup>(e)</sup>  | 2325 | 2301 |
| Hanesbrands, Inc., Term Loan B, (3-month USD CME Term SOFR + 2.75%) 6.913% 3/7/2032 <sup>(d)(h)</sup>  | 631 | 635 |
| Hertz Corp. (The), Term Loan B-EXIT, (3-month USD CME Term SOFR + 3.50%) 8.07% 6/30/2028 <sup>(d)(h)</sup>  | 1275 | 1152 |
| Hertz Corp. (The), Term Loan C-EXIT, (3-month USD CME Term SOFR + 3.50%) 8.07% 6/30/2028 <sup>(d)(h)</sup>  | 250 | 226 |
| Hilton Grand Vacations Borrower, LLC 5.00% 6/1/2029 <sup>(e)</sup>  | 3403 | 3275 |
| Home Depot, Inc. 4.85% 6/25/2031  | 2295 | 2370 |
| Home Depot, Inc. 4.95% 6/25/2034  | 3335 | 3416 |
| Home Depot, Inc. 5.875% 12/16/2036  | 1970 | 2146 |
| Home Depot, Inc. 4.95% 9/15/2052  | 1382 | 1291 |
| Home Depot, Inc. 5.40% 6/25/2064  | 13717 | 13566 |
| Jacobs Entertainment, Inc. 6.75% 2/15/2029 <sup>(e)</sup>  | 5305 | 5183 |
| LCM Investments Holdings II, LLC 8.25% 8/1/2031 <sup>(e)</sup>  | 4795 | 5075 |
| McDonald's Corp. 5.00% 5/17/2029  | 1424 | 1467 |
| McDonald's Corp. 4.95% 3/3/2035  | 4274 | 4332 |
| McDonald's Corp. 3.625% 9/1/2049  | 907 | 680 |
| McDonald's Corp. 4.20% 4/1/2050  | 2093 | 1722 |
| McDonald's Corp. 5.15% 9/9/2052  | 1483 | 1406 |
| MercadoLibre, Inc. 2.375% 1/14/2026  | 4255 | 4223 |
| Mercury Aggregator, LP, Term Loan, 19.00% 2/3/2026 <sup>(g)(h)</sup>  | 19 | 7 |
| Mercury Aggregator, LP, Term Loan 2, 19.00% 2/3/2026 <sup>(g)(h)</sup>  | 11 | 4 |
| Newell Brands, Inc. 8.50% 6/1/2028 <sup>(e)</sup>  | 1350 | 1431 |
| Newell Brands, Inc. 6.375% 5/15/2030  | 5675 | 5637 |
| Newell Brands, Inc. 6.625% 5/15/2032  | 11670 | 11546 |
| Newell Brands, Inc. 7.375% 4/1/2036  | 10865 | 10827 |
| Newell Brands, Inc. 7.00% 4/1/2046  | 1315 | 1161 |
| Nissan Motor Co., Ltd. 8.125% 7/17/2035 <sup>(e)</sup>  | 9995 | 10736 |
| Party City Holdings, Inc. 0% 10/12/2028 <sup>(g)</sup>  | 560 | — <br><sup>(b)</sup><br>|
| Party City Holdings, Inc. 0% 8/27/2030 <sup>(g)</sup>  | 2594 | 52 |
| Royal Caribbean Cruises, Ltd. 4.25% 7/1/2026 <sup>(e)</sup>  | 16160 | 16151 |
| Royal Caribbean Cruises, Ltd. 5.50% 4/1/2028 <sup>(e)</sup>  | 5000 | 5098 |
| Royal Caribbean Cruises, Ltd. 5.625% 9/30/2031 <sup>(e)</sup>  | 13735 | 14015 |
| Royal Caribbean Cruises, Ltd. 5.375% 1/15/2036  | 4643 | 4672 |
| Starbucks Corp. 5.00% 2/15/2034  | 5061 | 5170 |
| Stellantis Finance US, Inc. 6.45% 3/18/2035 <sup>(e)</sup>  | 13723 | 14075 |
| Toyota Motor Credit Corp. 3.375% 4/1/2030  | 2865 | 2775 |
| Universal Entertainment Corp. 9.875% 8/1/2029 <sup>(e)</sup>  | 7400 | 7353 |
| Vail Resorts, Inc. 5.625% 7/15/2030 <sup>(e)</sup>  | 1735 | 1747 |

---

American Funds Strategic Bond Fund — Page 27 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Consumer discretionary (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Wynn Resorts Finance, LLC 7.125% 2/15/2031 <sup>(e)</sup>  | USD4,845 | $5219 |
| ZF North America Capital, Inc. 6.75% 4/23/2030 <sup>(e)</sup>  | 13569 | 13252 |
|  |  | 535512 |
| **Information technology 2.43%** |  |  |
| Accenture Capital, Inc. 4.50% 10/4/2034  | 4181 | 4126 |
| Acuris Finance US, Inc. 9.00% 8/1/2029 <sup>(e)</sup>  | 17675 | 18485 |
| ams-OSRAM AG 12.25% 3/30/2029 <sup>(e)</sup>  | 5255 | 5660 |
| Analog Devices, Inc. 2.10% 10/1/2031  | 12879 | 11392 |
| Apple, Inc. 4.75% 5/12/2035  | 5002 | 5130 |
| Broadcom, Inc. 5.15% 11/15/2031  | 8371 | 8700 |
| Broadcom, Inc. 4.55% 2/15/2032  | 7771 | 7829 |
| Broadcom, Inc. 3.469% 4/15/2034 <sup>(e)</sup>  | 4000 | 3652 |
| Broadcom, Inc. 4.80% 10/15/2034  | 6845 | 6896 |
| Broadcom, Inc. 5.20% 7/15/2035  | 35033 | 36119 |
| Broadcom, Inc. 3.187% 11/15/2036 <sup>(e)</sup>  | 5996 | 5119 |
| Cisco Systems, Inc. 5.05% 2/26/2034  | 28839 | 29843 |
| Cisco Systems, Inc. 5.30% 2/26/2054  | 2050 | 2025 |
| Cloud Software Group, Inc. 9.00% 9/30/2029 <sup>(e)</sup>  | 13134 | 13638 |
| Cloud Software Group, Inc. 8.25% 6/30/2032 <sup>(e)</sup>  | 10000 | 10619 |
| Cloud Software Group, Inc. 6.625% 8/15/2033 <sup>(e)</sup>  | 5700 | 5808 |
| CommScope Technologies, LLC 5.00% 3/15/2027 <sup>(e)</sup>  | 4475 | 4444 |
| CommScope, LLC 7.125% 7/1/2028 <sup>(e)</sup>  | 2003 | 2012 |
| Commscope, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.913% 12/17/2029 <sup>(d)(h)</sup>  | 2850 | 2887 |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(e)</sup>  | 11875 | 12556 |
| Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR + 7.25%) 11.288% 9/13/2029 <sup>(d)(h)(j)</sup>  | 804 | 810 |
| Finastra USA, Inc., Term Loan, (1-month USD CME Term SOFR + 4.00%) 8.129% 7/30/2032 <sup>(d)(h)</sup>  | 1740 | 1735 |
| Helios Software Holdings, Inc. 8.75% 5/1/2029 <sup>(e)</sup>  | 16850 | 17484 |
| Intel Corp. 3.05% 8/12/2051  | 5814 | 3692 |
| Intel Corp. 5.60% 2/21/2054  | 10973 | 10543 |
| ION Trading Technologies SARL 9.50% 5/30/2029 <sup>(e)</sup>  | 14210 | 15079 |
| Microchip Technology, Inc. 5.05% 2/15/2030  | 12476 | 12762 |
| Micron Technology, Inc. 6.05% 11/1/2035  | 13898 | 14857 |
| NCR Atleos Corp. 9.50% 4/1/2029 <sup>(e)</sup>  | 14074 | 15246 |
| Oracle Corp. 5.50% 8/3/2035  | 18138 | 18672 |
| Oracle Corp. 5.20% 9/26/2035  | 10000 | 10059 |
| Oracle Corp. 3.60% 4/1/2050  | 5000 | 3522 |
| Oracle Corp. 3.95% 3/25/2051  | 4145 | 3084 |
| Oracle Corp. 6.00% 8/3/2055  | 23241 | 23348 |
| Oracle Corp. 5.95% 9/26/2055  | 5000 | 4988 |
| Roper Technologies, Inc. 4.90% 10/15/2034  | 16164 | 16190 |
| Roper Technologies, Inc. 5.10% 9/15/2035  | 11055 | 11148 |
| Synopsys, Inc. 5.15% 4/1/2035  | 21121 | 21494 |
| Synopsys, Inc. 5.70% 4/1/2055  | 23164 | 23394 |
| Texas Instruments, Inc. 4.85% 2/8/2034  | 5003 | 5139 |
| Texas Instruments, Inc. 5.10% 5/23/2035  | 8415 | 8681 |
| UKG, Inc. 6.875% 2/1/2031 <sup>(e)</sup>  | 7850 | 8106 |
| Unisys Corp. 10.625% 1/15/2031 <sup>(e)</sup>  | 21568 | 22998 |
| Wolfspeed, Inc. 4.00% PIK and 9.875% Cash 6/23/2030 <sup>(i)(j)</sup>  | 10204 | 11173 |
| X.AI Corp. 12.50% 6/30/2030  | 17220 | 18102 |
|  |  | 499246 |

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American Funds Strategic Bond Fund — Page 28 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Industrials 2.25%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Ambipar Lux SARL 10.875% 2/5/2033 <sup>(e)</sup>  | USD3,705 | $623 |
| Apple Bidco, LLC, Term Loan, (3-month USD CME Term SOFR + 2.50%) 6.663% 9/23/2031 <sup>(d)(h)</sup>  | 8665 | 8674 |
| BAE Systems PLC 5.30% 3/26/2034 <sup>(e)</sup>  | 13303 | 13790 |
| Boeing Co. (The) 5.15% 5/1/2030  | 16036 | 16461 |
| Boeing Co. (The) 3.625% 2/1/2031  | 4998 | 4790 |
| Boeing Co. (The) 6.388% 5/1/2031  | 4887 | 5325 |
| Boeing Co. (The) 6.528% 5/1/2034  | 16082 | 17791 |
| Boeing Co. (The) 5.705% 5/1/2040  | 3706 | 3784 |
| Boeing Co. (The) 5.805% 5/1/2050  | 13149 | 13145 |
| Boeing Co. (The) 6.858% 5/1/2054  | 8827 | 10076 |
| Boeing Co. (The) 5.93% 5/1/2060  | 10192 | 10190 |
| Boeing Co. (The) 7.008% 5/1/2064  | 1856 | 2150 |
| Bombardier, Inc. 7.125% 6/15/2026 <sup>(e)</sup>  | 1675 | 1671 |
| Bombardier, Inc. 7.875% 4/15/2027 <sup>(e)</sup>  | 272 | 273 |
| Bombardier, Inc. 6.00% 2/15/2028 <sup>(e)</sup>  | 4180 | 4194 |
| Bombardier, Inc. 7.50% 2/1/2029 <sup>(e)</sup>  | 8339 | 8703 |
| Bombardier, Inc. 8.75% 11/15/2030 <sup>(e)</sup>  | 9075 | 9798 |
| Burlington Northern Santa Fe, LLC 3.30% 9/15/2051  | 1611 | 1139 |
| Canadian National Railway Co. 4.375% 9/18/2034  | 1579 | 1545 |
| Canadian Pacific Railway Co. 2.05% 3/5/2030  | 2000 | 1823 |
| Canadian Pacific Railway Co. 3.00% 12/2/2041  | 4184 | 3138 |
| Canadian Pacific Railway Co. 3.10% 12/2/2051  | 12081 | 8191 |
| Carrier Global Corp. 5.90% 3/15/2034  | 9677 | 10389 |
| Caterpillar, Inc. 5.20% 5/15/2035  | 4018 | 4159 |
| CoreLogic, Inc., Term Loan, (3-month USD CME Term SOFR + 6.50%) 10.778% 6/4/2029 <sup>(d)(h)</sup>  | 3127 | 3128 |
| Embraer Netherlands Finance BV 5.98% 2/11/2035  | 1985 | 2107 |
| EquipmentShare.com, Inc. 9.00% 5/15/2028 <sup>(e)</sup>  | 5295 | 5610 |
| EquipmentShare.com, Inc. 8.625% 5/15/2032 <sup>(e)</sup>  | 7115 | 7691 |
| EquipmentShare.com, Inc. 8.00% 3/15/2033 <sup>(e)</sup>  | 7000 | 7488 |
| General Aerospace Co. 4.90% 1/29/2036  | 2900 | 2942 |
| General Dynamics Corp. 4.95% 8/15/2035  | 2533 | 2581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gladieux Metals Recycling, LLC, Term Loan, (1-month USD CME Term SOFR + 10.00%) 14.316% PIK <br>10/20/2025 <sup>(d)(g)(h)(i)</sup>  | 6359 | 6359 |
| Herc Holdings, Inc. 6.625% 6/15/2029 <sup>(e)</sup>  | 4785 | 4920 |
| Herc Holdings, Inc. 7.00% 6/15/2030 <sup>(e)</sup>  | 3555 | 3696 |
| Herc Holdings, Inc. 7.25% 6/15/2033 <sup>(e)</sup>  | 2075 | 2168 |
| Hertz Corp. (The) 4.625% 12/1/2026 <sup>(e)</sup>  | 4205 | 4141 |
| Honeywell International, Inc. 5.00% 3/1/2035  | 24542 | 24963 |
| Icahn Enterprises, LP 6.25% 5/15/2026  | 1168 | 1168 |
| Icahn Enterprises, LP 5.25% 5/15/2027  | 11500 | 11313 |
| Icahn Enterprises, LP 9.75% 1/15/2029  | 13000 | 13136 |
| Icahn Enterprises, LP 10.00% 11/15/2029 <sup>(e)</sup>  | 2695 | 2710 |
| Ingersoll-Rand, Inc. 5.45% 6/15/2034  | 405 | 423 |
| IRB Infrastructure Developers, Ltd. 7.11% 3/11/2032 <sup>(e)</sup>  | 13660 | 14199 |
| LATAM Airlines Group SA 7.875% 4/15/2030 <sup>(e)</sup>  | 1034 | 1077 |
| Lockheed Martin Corp. 4.80% 8/15/2034  | 8128 | 8227 |
| NESCO Holdings II, Inc. 5.50% 4/15/2029 <sup>(e)</sup>  | 14000 | 13721 |
| Norfolk Southern Corp. 4.45% 3/1/2033  | 2751 | 2737 |
| Norfolk Southern Corp. 5.55% 3/15/2034  | 6140 | 6515 |
| Norfolk Southern Corp. 5.10% 5/1/2035  | 219 | 224 |
| Norfolk Southern Corp. 5.35% 8/1/2054  | 13195 | 13010 |
| Paychex, Inc. 5.60% 4/15/2035  | 1644 | 1722 |
| QXO Building Products, Inc. 6.75% 4/30/2032 <sup>(e)</sup>  | 5949 | 6174 |
| Regal Rexnord Corp. 6.30% 2/15/2030  | 15000 | 15911 |

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American Funds Strategic Bond Fund — Page 29 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Industrials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Regal Rexnord Corp. 6.40% 4/15/2033  | USD15,000 | $16110 |
| RTX Corp. 5.375% 2/27/2053  | 11296 | 11059 |
| Sabre GLBL, Inc. 11.125% 7/15/2030 <sup>(e)</sup>  | 9400 | 9115 |
| Science Applications International Corp. 5.875% 11/1/2033 <sup>(e)</sup>  | 2265 | 2267 |
| SkyMiles IP, Ltd. 4.50% 10/20/2025 <sup>(e)</sup>  | 375 | 375 |
| SkyMiles IP, Ltd. 4.75% 10/20/2028 <sup>(e)</sup>  | 2760 | 2777 |
| SkyMiles IP, Ltd., Term Loan, (3-month USD CME Term SOFR + 3.75%) 8.075% 10/20/2027 <sup>(d)(h)</sup>  | 828 | 830 |
| Texas Combined Tirz I, LLC 0% 12/7/2062 <sup>(e)(g)</sup>  | 3239 | 3239 |
| TK Elevator U.S. Newco, Inc. 5.25% 7/15/2027 <sup>(e)</sup>  | 2625 | 2618 |
| TransDigm, Inc. 4.875% 5/1/2029  | 1990 | 1962 |
| TransDigm, Inc. 6.25% 1/31/2034 <sup>(e)</sup>  | 1460 | 1503 |
| TransDigm, Inc. 6.75% 1/31/2034 <sup>(e)</sup>  | 7095 | 7341 |
| Union Pacific Corp. 5.10% 2/20/2035  | 10609 | 10914 |
| Union Pacific Corp. 2.95% 3/10/2052  | 8448 | 5508 |
| Union Pacific Corp. 3.50% 2/14/2053  | 539 | 390 |
| Union Pacific Corp. 5.60% 12/1/2054  | 1621 | 1648 |
| United Airlines, Inc. 4.375% 4/15/2026 <sup>(e)</sup>  | 3605 | 3603 |
| United Airlines, Inc. 4.625% 4/15/2029 <sup>(e)</sup>  | 2920 | 2877 |
| United Parcel Service, Inc. 5.25% 5/14/2035  | 3822 | 3957 |
| United Parcel Service, Inc. 5.95% 5/14/2055  | 3682 | 3849 |
| United Parcel Service, Inc. 6.05% 5/14/2065  | 1385 | 1451 |
| Verisk Analytics, Inc. 5.125% 2/15/2036  | 14269 | 14409 |
| WESCO Distribution, Inc. 7.25% 6/15/2028 <sup>(e)</sup>  | 3095 | 3138 |
|  |  | 462823 |
| **Materials 2.18%** |  |  |
| Ball Corp. 2.875% 8/15/2030  | 13027 | 11843 |
| Ball Corp. 5.50% 9/15/2033  | 21000 | 21239 |
| BHP Billiton Finance (USA), Ltd. 4.90% 2/28/2033  | 4431 | 4531 |
| BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2033  | 22008 | 22929 |
| BHP Billiton Finance (USA), Ltd. 5.75% 9/5/2055  | 5091 | 5295 |
| Braskem Netherlands Finance BV 4.50% 1/10/2028  | 4397 | 1902 |
| Braskem Netherlands Finance BV 8.50% 1/12/2031 <sup>(e)</sup>  | 8660 | 3383 |
| Braskem Netherlands Finance BV 8.50% 1/12/2031  | 2603 | 1017 |
| Braskem Netherlands Finance BV 7.25% 2/13/2033 <sup>(e)</sup>  | 7945 | 3055 |
| Braskem Netherlands Finance BV 7.25% 2/13/2033  | 3000 | 1153 |
| Braskem Netherlands Finance BV 8.00% 10/15/2034 <sup>(e)</sup>  | 12300 | 4603 |
| Celanese US Holdings, LLC 6.85% 11/15/2028  | 11817 | 12273 |
| Celanese US Holdings, LLC 6.50% 4/15/2030  | 15000 | 15110 |
| Celanese US Holdings, LLC 6.879% 7/15/2032  | 6000 | 6135 |
| Celanese US Holdings, LLC 7.20% 11/15/2033  | 19921 | 20723 |
| Celulosa Arauco y Constitucion SA 6.18% 5/5/2032 <sup>(e)</sup>  | 5270 | 5512 |
| Cleveland-Cliffs, Inc. 6.875% 11/1/2029 <sup>(e)</sup>  | 9266 | 9451 |
| Cleveland-Cliffs, Inc. 7.50% 9/15/2031 <sup>(e)</sup>  | 8675 | 8948 |
| Cleveland-Cliffs, Inc. 7.00% 3/15/2032 <sup>(e)</sup>  | 10000 | 10112 |
| Cleveland-Cliffs, Inc. 7.375% 5/1/2033 <sup>(e)</sup>  | 10000 | 10217 |
| Cleveland-Cliffs, Inc. 7.625% 1/15/2034 <sup>(e)</sup>  | 2670 | 2753 |
| Consolidated Energy Finance SA 6.50% 5/15/2026 <sup>(e)</sup>  | 785 | 765 |
| Consolidated Energy Finance SA 12.00% 2/15/2031 <sup>(e)</sup>  | 17300 | 15851 |
| CVR Partners, LP 6.125% 6/15/2028 <sup>(e)</sup>  | 5290 | 5286 |
| Dow Chemical Co. (The) 5.15% 2/15/2034  | 104 | 104 |
| Dow Chemical Co. (The) 5.35% 3/15/2035  | 8841 | 8795 |
| Dow Chemical Co. (The) 5.65% 3/15/2036  | 17447 | 17542 |
| Dow Chemical Co. (The) 5.55% 11/30/2048  | 1755 | 1601 |

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American Funds Strategic Bond Fund — Page 30 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Materials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Dow Chemical Co. (The) 6.90% 5/15/2053  | USD768 | $821 |
| Dow Chemical Co. (The) 5.60% 2/15/2054  | 11301 | 10240 |
| Dow Chemical Co. (The) 5.95% 3/15/2055  | 2343 | 2228 |
| EIDP, Inc. 5.125% 5/15/2032  | 13361 | 13750 |
| First Quantum Minerals, Ltd. 9.375% 3/1/2029 <sup>(e)</sup>  | 11200 | 11884 |
| FXI Holdings, Inc. 12.25% 11/15/2026 <sup>(e)</sup>  | 13721 | 12107 |
| FXI Holdings, Inc. 12.25% 11/15/2026 <sup>(e)</sup>  | 8422 | 7403 |
| International Flavors & Fragrances, Inc. 2.30% 11/1/2030 <sup>(e)</sup>  | 7758 | 6944 |
| JH North America Holdings, Inc. 5.875% 1/31/2031 <sup>(e)</sup>  | 985 | 1001 |
| JH North America Holdings, Inc. 6.125% 7/31/2032 <sup>(e)</sup>  | 955 | 979 |
| LYB International Finance III, LLC 5.50% 3/1/2034  | 6132 | 6171 |
| LYB International Finance III, LLC 6.15% 5/15/2035  | 6983 | 7281 |
| LYB International Finance III, LLC 4.20% 5/1/2050  | 4344 | 3220 |
| LYB International Finance III, LLC 3.625% 4/1/2051  | 8366 | 5603 |
| Magnera Corp. 7.25% 11/15/2031 <sup>(e)</sup>  | 12000 | 11301 |
| Mauser Packaging Solutions Holding Co. 7.875% 8/15/2026 <sup>(e)</sup>  | 12605 | 12566 |
| Mauser Packaging Solutions Holding Co. 7.875% 4/15/2027 <sup>(e)</sup>  | 9000 | 9099 |
| Mercer International, Inc. 12.875% 10/1/2028 <sup>(e)</sup>  | 6085 | 5545 |
| Mercer International, Inc. 5.125% 2/1/2029  | 8510 | 6280 |
| Minera Mexico, SA de CV, 5.625% 2/12/2032 <sup>(e)</sup>  | 8590 | 8873 |
| Mineral Resources, Ltd. 9.25% 10/1/2028 <sup>(e)</sup>  | 8230 | 8634 |
| NOVA Chemicals Corp. 4.25% 5/15/2029 <sup>(e)</sup>  | 10000 | 9686 |
| NOVA Chemicals Corp. 9.00% 2/15/2030 <sup>(e)</sup>  | 6005 | 6446 |
| PT Krakatau Posco 6.375% 6/11/2029  | 15000 | 15444 |
| Quikrete Holdings, Inc. 6.75% 3/1/2033 <sup>(e)</sup>  | 2050 | 2133 |
| Sasol Financing USA, LLC 8.75% 5/3/2029 <sup>(e)</sup>  | 15000 | 15573 |
| Sherwin-Williams Co. 5.15% 8/15/2035  | 4394 | 4473 |
| Vale Overseas, Ltd. 6.40% 6/28/2054  | 8362 | 8604 |
| Veritiv Operating Co. 10.50% 11/30/2030 <sup>(e)</sup>  | 2165 | 2326 |
|  |  | 448743 |
| **Utilities 2.07%** |  |  |
| Aegea Finance SARL 9.00% 1/20/2031 <sup>(e)</sup>  | 6569 | 6969 |
| AEP Transmission Co., LLC 5.375% 6/15/2035  | 425 | 440 |
| AES Corp. 2.45% 1/15/2031  | 6949 | 6226 |
| AES Panama Generation Holdings, SRL 4.375% 5/31/2030 <sup>(e)</sup>  | 2681 | 2536 |
| Alabama Power Co. 5.85% 11/15/2033  | 2900 | 3114 |
| Alabama Power Co. 3.00% 3/15/2052  | 964 | 640 |
| Alfa Transmisora De Energia SA 4.55% 9/27/2051 <sup>(e)</sup>  | 2400 | 1923 |
| Alliant Energy Finance, LLC 3.60% 3/1/2032 <sup>(e)</sup>  | 6800 | 6295 |
| Baltimore Gas and Electric Co. 5.30% 6/1/2034  | 3940 | 4101 |
| CenterPoint Energy Houston Electric, LLC 5.05% 3/1/2035  | 2110 | 2134 |
| Comision Federal de Electricidad 6.45% 1/24/2035 <sup>(e)</sup>  | 7755 | 7914 |
| Consolidated Edison Co. of New York, Inc. 5.375% 5/15/2034  | 2573 | 2684 |
| Duke Energy Florida, LLC 5.875% 11/15/2033  | 5192 | 5607 |
| Edison International 4.125% 3/15/2028  | 70 | 69 |
| Edison International 5.25% 11/15/2028  | 468 | 472 |
| Edison International 5.45% 6/15/2029  | 1488 | 1500 |
| Edison International 6.95% 11/15/2029  | 2042 | 2168 |
| Edison International 5.25% 3/15/2032  | 15485 | 15349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edison International 5.00% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 3.901% on 3/15/2027) <sup>(f)</sup>  | 10000 | 9500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edison International, junior subordinated, 7.875% 6/15/2054 (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 3.658% on 6/15/2029) <sup>(f)</sup>  | 9390 | 9581 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Utilities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T <br> Note Constant Maturity + 5.411% on 6/15/2033) <sup>(e)(f)</sup>  | USD9,103 | $10562 |
| Emera, Inc. 6.75% 6/15/2076 (3-month USD CME Term SOFR + 5.702% on 6/15/2026) <sup>(f)</sup>  | 350 | 352 |
| Eversource Energy 5.95% 7/15/2034  | 3806 | 4040 |
| Florida Power & Light Co. 5.10% 4/1/2033  | 7251 | 7508 |
| Florida Power & Light Co. 5.30% 4/1/2053  | 5391 | 5309 |
| Long Ridge Energy, LLC 8.75% 2/15/2032 <sup>(e)</sup>  | 8260 | 8496 |
| Pacific Gas and Electric Co. 3.15% 1/1/2026  | 104 | 104 |
| Pacific Gas and Electric Co. 3.00% 6/15/2028  | 11450 | 11043 |
| Pacific Gas and Electric Co. 4.65% 8/1/2028  | 141 | 141 |
| Pacific Gas and Electric Co. 4.55% 7/1/2030  | 10477 | 10408 |
| Pacific Gas and Electric Co. 2.50% 2/1/2031  | 16284 | 14514 |
| Pacific Gas and Electric Co. 3.25% 6/1/2031  | 14750 | 13571 |
| Pacific Gas and Electric Co. 5.90% 6/15/2032  | 1338 | 1400 |
| Pacific Gas and Electric Co. 6.40% 6/15/2033  | 22961 | 24693 |
| Pacific Gas and Electric Co. 4.95% 7/1/2050  | 39617 | 34033 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 32504 | 22209 |
| PacifiCorp 5.45% 2/15/2034  | 18118 | 18569 |
| PacifiCorp 3.30% 3/15/2051  | 35 | 23 |
| PacifiCorp 2.90% 6/15/2052  | 2430 | 1484 |
| PacifiCorp 5.35% 12/1/2053  | 17645 | 16292 |
| PacifiCorp 5.50% 5/15/2054  | 22707 | 21463 |
| PacifiCorp 5.80% 1/15/2055  | 10938 | 10731 |
| PG&E Corp. 5.00% 7/1/2028  | 1848 | 1832 |
| PG&E Corp. 5.25% 7/1/2030  | 1376 | 1358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PG&E Corp., junior subordinated, 7.375% 3/15/2055 (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 3.883% on 3/15/2030) <sup>(f)</sup>  | 22562 | 23219 |
| Public Service Co. of Colorado 2.70% 1/15/2051  | 1662 | 1025 |
| Public Service Electric and Gas Co. 4.85% 8/1/2034  | 5303 | 5357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SMC Global Power Holdings Corp. 7.00% perpetual bonds (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 9.199% on 10/21/2025) <sup>(f)</sup>  | 600 | 600 |
| Southern California Edison Co. 2.85% 8/1/2029  | 1747 | 1637 |
| Southern California Edison Co. 5.25% 3/15/2030  | 4775 | 4871 |
| Southern California Edison Co. 2.75% 2/1/2032  | 9627 | 8471 |
| Southern California Edison Co. 5.20% 6/1/2034  | 5500 | 5471 |
| Southern California Edison Co. 5.45% 3/1/2035  | 1300 | 1317 |
| Southern California Edison Co. 4.00% 4/1/2047  | 1315 | 996 |
| Southern California Edison Co. 3.65% 2/1/2050  | 942 | 659 |
| Southern California Edison Co. 3.45% 2/1/2052  | 11088 | 7385 |
| Southern California Edison Co. 5.90% 3/1/2055  | 1094 | 1063 |
| Southern California Edison Co. 6.20% 9/15/2055  | 2892 | 2919 |
| Talen Energy Supply, LLC 8.625% 6/1/2030 <sup>(e)</sup>  | 12341 | 13108 |
| Union Electric Co. 5.25% 4/15/2035  | 1125 | 1161 |
| Virginia Electric & Power 2.40% 3/30/2032  | 448 | 396 |
| Virginia Electric & Power 2.45% 12/15/2050  | 8041 | 4688 |
| YPF Energia Electrica SA 7.875% 10/16/2032 <sup>(e)</sup>  | 11150 | 10775 |
|  |  | 424475 |
| **Consumer staples 1.84%** |  |  |
| Albertsons Cos., Inc. 3.50% 3/15/2029 <sup>(e)</sup>  | 5730 | 5438 |
| Altria Group, Inc. 5.25% 8/6/2035  | 7386 | 7470 |
| B&G Foods, Inc. 8.00% 9/15/2028 <sup>(e)</sup>  | 12970 | 12583 |
| BAT Capital Corp. 2.726% 3/25/2031  | 5000 | 4570 |
| BAT Capital Corp. 4.742% 3/16/2032  | 10000 | 10069 |

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American Funds Strategic Bond Fund — Page 32 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Consumer staples (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| BAT Capital Corp. 6.421% 8/2/2033  | USD5,707 | $6268 |
| BAT Capital Corp. 6.00% 2/20/2034  | 15000 | 16031 |
| BAT Capital Corp. 5.625% 8/15/2035  | 23768 | 24711 |
| BAT Capital Corp. 5.65% 3/16/2052  | 4750 | 4548 |
| BAT Capital Corp. 7.081% 8/2/2053  | 11800 | 13534 |
| Campbell's Co. (The) 4.75% 3/23/2035  | 6083 | 5902 |
| Campbell's Co. (The) 5.25% 10/13/2054  | 1100 | 1019 |
| Coca-Cola Co. 4.65% 8/14/2034  | 757 | 771 |
| Coca-Cola Co. 5.30% 5/13/2054  | 533 | 531 |
| Coca-Cola Co. 5.20% 1/14/2055  | 5751 | 5638 |
| Coca-Cola Consolidated, Inc. 5.45% 6/1/2034  | 5375 | 5628 |
| Conagra Brands, Inc. 5.75% 8/1/2035  | 4337 | 4418 |
| Constellation Brands, Inc. 4.35% 5/9/2027  | 11513 | 11552 |
| Constellation Brands, Inc. 4.75% 5/9/2032  | 6096 | 6133 |
| Diageo Investment Corp. 5.625% 4/15/2035  | 1669 | 1772 |
| H.J. Heinz Co. 3.00% 6/1/2026  | 2567 | 2546 |
| H.J. Heinz Co. 3.875% 5/15/2027  | 2236 | 2227 |
| Hershey Co. 5.10% 2/24/2035  | 4958 | 5115 |
| Imperial Brands Finance PLC 5.875% 7/1/2034 <sup>(e)</sup>  | 16377 | 17157 |
| Imperial Brands Finance PLC 5.625% 7/1/2035 <sup>(e)</sup>  | 1593 | 1626 |
| Imperial Brands Finance PLC 6.375% 7/1/2055 <sup>(e)</sup>  | 784 | 815 |
| Keurig Dr Pepper, Inc. 5.15% 5/15/2035  | 10334 | 10242 |
| Kroger Co. 5.50% 9/15/2054  | 6261 | 6108 |
| Kronos Acquisition Holdings, Inc. 10.75% 6/30/2032 <sup>(e)</sup>  | 7975 | 4389 |
| Mars, Inc. 5.20% 3/1/2035 <sup>(e)</sup>  | 33888 | 34656 |
| Mars, Inc. 5.65% 5/1/2045 <sup>(e)</sup>  | 6205 | 6299 |
| Mars, Inc. 5.70% 5/1/2055 <sup>(e)</sup>  | 11531 | 11689 |
| Mars, Inc. 5.80% 5/1/2065 <sup>(e)</sup>  | 1905 | 1944 |
| Minerva Luxembourg SA 8.875% 9/13/2033 <sup>(e)</sup>  | 10745 | 11807 |
| Philip Morris International, Inc. 5.75% 11/17/2032  | 1634 | 1742 |
| Philip Morris International, Inc. 5.625% 9/7/2033  | 15138 | 16063 |
| Philip Morris International, Inc. 5.25% 2/13/2034  | 9950 | 10278 |
| Philip Morris International, Inc. 4.90% 11/1/2034  | 18531 | 18689 |
| Philip Morris International, Inc. 4.875% 4/30/2035  | 1163 | 1164 |
| Post Holdings, Inc. 4.625% 4/15/2030 <sup>(e)</sup>  | 4000 | 3861 |
| Post Holdings, Inc. 4.50% 9/15/2031 <sup>(e)</sup>  | 10920 | 10213 |
| Post Holdings, Inc. 6.375% 3/1/2033 <sup>(e)</sup>  | 25000 | 25295 |
| Procter & Gamble Co. 4.60% 5/1/2035  | 3765 | 3824 |
| Target Corp. 4.50% 9/15/2034  | 5419 | 5350 |
| Target Corp. 5.00% 4/15/2035  | 5065 | 5131 |
| Walmart, Inc. 4.90% 4/28/2035  | 10051 | 10346 |
|  |  | 377162 |
| **Real estate 1.18%** |  |  |
| Boston Properties, LP 6.50% 1/15/2034  | 11823 | 12758 |
| Boston Properties, LP 5.75% 1/15/2035  | 18868 | 19298 |
| Corp. Inmobiliaria Vesta, SAB de CV, 3.625% 5/13/2031 <sup>(e)</sup>  | 4075 | 3790 |
| Crown Castle, Inc. 5.00% 1/11/2028  | 1877 | 1904 |
| Equinix, Inc. 3.40% 2/15/2052  | 4049 | 2841 |
| ERP Operating, LP 4.65% 9/15/2034  | 1376 | 1361 |
| FibraSOMA 4.375% 7/22/2031 <sup>(e)</sup>  | 7079 | 6128 |
| Fideicomiso Fibra Uno 7.70% 1/23/2032 <sup>(e)</sup>  | 1831 | 1980 |
| First Industrial, LP 5.25% 1/15/2031  | 4315 | 4428 |
| GLP Capital, LP 4.00% 1/15/2030  | 1853 | 1796 |

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American Funds Strategic Bond Fund — Page 33 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Real estate (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Hudson Pacific Properties, LP 4.65% 4/1/2029  | USD3,377 | $3146 |
| Hudson Pacific Properties, LP 3.25% 1/15/2030  | 10858 | 9335 |
| Kennedy-Wilson, Inc. 4.75% 3/1/2029  | 5020 | 4801 |
| Kennedy-Wilson, Inc. 4.75% 2/1/2030  | 2375 | 2220 |
| Kennedy-Wilson, Inc. 5.00% 3/1/2031  | 5421 | 5047 |
| Kilroy Realty, LP 5.875% 10/15/2035  | 6167 | 6255 |
| Kilroy Realty, LP 6.25% 1/15/2036  | 10005 | 10357 |
| Ladder Capital Finance Holdings LLLP 5.50% 8/1/2030  | 3868 | 3947 |
| Mid-America Apartments, LP 4.95% 3/1/2035  | 2500 | 2523 |
| MPT Operating Partnership, LP 5.00% 10/15/2027  | 13723 | 13307 |
| MPT Operating Partnership, LP 8.50% 2/15/2032 <sup>(e)</sup>  | 33272 | 35379 |
| Prologis, LP 5.00% 3/15/2034  | 3430 | 3487 |
| Prologis, LP 5.25% 3/15/2054  | 602 | 583 |
| Public Storage Operating Co. 5.35% 8/1/2053  | 9905 | 9801 |
| Service Properties Trust 4.95% 2/15/2027  | 6850 | 6829 |
| Service Properties Trust 0% 9/30/2027 <sup>(e)</sup>  | 3015 | 2662 |
| Service Properties Trust 3.95% 1/15/2028  | 1650 | 1546 |
| Service Properties Trust 8.375% 6/15/2029  | 12530 | 12733 |
| Service Properties Trust 4.95% 10/1/2029  | 10520 | 9281 |
| Service Properties Trust 4.375% 2/15/2030  | 7365 | 6267 |
| Service Properties Trust 8.625% 11/15/2031 <sup>(e)</sup>  | 5145 | 5482 |
| Service Properties Trust 8.875% 6/15/2032  | 5930 | 5969 |
| Simon Property Group, LP 4.75% 9/26/2034  | 5055 | 5027 |
| VICI Properties, LP 3.75% 2/15/2027 <sup>(e)</sup>  | 955 | 945 |
| VICI Properties, LP 3.875% 2/15/2029 <sup>(e)</sup>  | 6800 | 6643 |
| VICI Properties, LP 4.125% 8/15/2030 <sup>(e)</sup>  | 2645 | 2557 |
| VICI Properties, LP 5.125% 5/15/2032  | 7836 | 7916 |
| VICI Properties, LP 5.625% 4/1/2035  | 1874 | 1920 |
|  |  | 242249 |
| **Total corporate bonds, notes & loans** |  | 6321517 |
| **U.S. Treasury bonds & notes 12.97%**<br> **U.S. Treasury 10.57%**<br>|  |  |
| U.S. Treasury 4.25% 1/31/2026  | 941 | 941 |
| U.S. Treasury 1.875% 6/30/2026  | 283 | 279 |
| U.S. Treasury 0.875% 9/30/2026  | 1047 | 1018 |
| U.S. Treasury 1.625% 9/30/2026  | 193 | 189 |
| U.S. Treasury 1.75% 12/31/2026  | 12462 | 12171 |
| U.S. Treasury 4.25% 12/31/2026  | 5793 | 5830 |
| U.S. Treasury 4.00% 1/15/2027  | 10012 | 10050 |
| U.S. Treasury 3.50% 9/30/2027  | 26821 | 26765 |
| U.S. Treasury 4.125% 10/31/2027  | 954 | 964 |
| U.S. Treasury 3.625% 3/31/2028  | 3156 | 3157 |
| U.S. Treasury 3.375% 9/15/2028  | 60487 | 60074 |
| U.S. Treasury 4.875% 10/31/2028  | 2631 | 2725 |
| U.S. Treasury 3.125% 11/15/2028  | 205 | 201 |
| U.S. Treasury 4.375% 11/30/2028  | 2439 | 2492 |
| U.S. Treasury 3.75% 12/31/2028  | 11803 | 11841 |
| U.S. Treasury 4.00% 1/31/2029  | 9986 | 10095 |
| U.S. Treasury 4.125% 3/31/2029  | 2797 | 2839 |
| U.S. Treasury 4.625% 4/30/2029  | 9774 | 10086 |
| U.S. Treasury 4.00% 7/31/2029  | 205 | 207 |
| U.S. Treasury 3.50% 9/30/2029  | 4560 | 4529 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **U.S. Treasury bonds & notes (continued)**<br> **U.S. Treasury (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| U.S. Treasury 4.125% 10/31/2029  | USD142 | $144 |
| U.S. Treasury 4.125% 11/30/2029  | 190 | 193 |
| U.S. Treasury 4.375% 12/31/2029  | 46 | 47 |
| U.S. Treasury 3.625% 9/30/2030  | 164156 | 163329 |
| U.S. Treasury 1.375% 11/15/2031  | 4248 | 3678 |
| U.S. Treasury 2.875% 5/15/2032  | 367 | 345 |
| U.S. Treasury 2.75% 8/15/2032  | 3174 | 2951 |
| U.S. Treasury 3.875% 9/30/2032  | 449 | 448 |
| U.S. Treasury 4.125% 11/15/2032  | 17130 | 17331 |
| U.S. Treasury 4.00% 2/15/2034  | 29260 | 29188 |
| U.S. Treasury 4.375% 5/15/2034  | 2621 | 2682 |
| U.S. Treasury 3.875% 8/15/2034  | 2573 | 2534 |
| U.S. Treasury 4.25% 11/15/2034  | 35601 | 36007 |
| U.S. Treasury 4.25% 8/15/2035  | 423203 | 426608 |
| U.S. Treasury 4.375% 11/15/2039  | 40700 | 40373 |
| U.S. Treasury 1.125% 8/15/2040  | 45000 | 28397 |
| U.S. Treasury 1.875% 2/15/2041  | 176283 | 123997 |
| U.S. Treasury 2.25% 5/15/2041 <sup>(k)</sup>  | 98018 | 72680 |
| U.S. Treasury 2.75% 11/15/2042  | 25041 | 19407 |
| U.S. Treasury 3.875% 2/15/2043  | 1690 | 1534 |
| U.S. Treasury 4.375% 8/15/2043  | 1867 | 1802 |
| U.S. Treasury 4.75% 11/15/2043  | 20623 | 20847 |
| U.S. Treasury 4.50% 2/15/2044  | 1315 | 1286 |
| U.S. Treasury 4.125% 8/15/2044  | 94 | 87 |
| U.S. Treasury 4.75% 2/15/2045 <sup>(k)</sup>  | 245000 | 246570 |
| U.S. Treasury 4.875% 8/15/2045  | 14853 | 15183 |
| U.S. Treasury 1.375% 8/15/2050 <sup>(k)</sup>  | 29660 | 14910 |
| U.S. Treasury 1.625% 11/15/2050 <sup>(k)</sup>  | 66000 | 35411 |
| U.S. Treasury 2.375% 5/15/2051  | 77828 | 50070 |
| U.S. Treasury 3.625% 2/15/2053  | 15719 | 12996 |
| U.S. Treasury 4.75% 11/15/2053  | 13637 | 13661 |
| U.S. Treasury 4.25% 2/15/2054 <sup>(k)</sup>  | 217958 | 201170 |
| U.S. Treasury 4.625% 5/15/2054  | 15499 | 15226 |
| U.S. Treasury 4.25% 8/15/2054 <sup>(k)</sup>  | 209370 | 193356 |
| U.S. Treasury 4.75% 5/15/2055  | 35576 | 35684 |
| U.S. Treasury 4.75% 8/15/2055 <sup>(k)</sup>  | 175000 | 175602 |
|  |  | 2172187 |
| **U.S. Treasury inflation-protected securities 2.40%** |  |  |
| U.S. Treasury Inflation-Protected Security 1.875% 7/15/2034 <sup>(k)(l)</sup>  | 197144 | 200058 |
| U.S. Treasury Inflation-Protected Security 0.25% 2/15/2050 <sup>(l)</sup>  | 4099 | 2424 |
| U.S. Treasury Inflation-Protected Security 0.125% 2/15/2051 <sup>(k)(l)</sup>  | 415713 | 230537 |
| U.S. Treasury Inflation-Protected Security 2.125% 2/15/2054 <sup>(l)</sup>  | 64921 | 59951 |
|  |  | 492970 |
| **Total U.S. Treasury bonds & notes** |  | 2665157 |
| **Bonds & notes of governments & government agencies outside the U.S. 6.09%**<br> **Japan 2.61%**<br>|  |  |
| Japan, Series 192, 2.40% 3/20/2045  | JPY41,844,300 | 275668 |
| Japan, Series 85, 2.30% 12/20/2054  | 3600750 | 20776 |
| Japan, Series 86, 2.40% 3/20/2055  | 38874450 | 229304 |
| Japan Bank for International Cooperation 1.25% 1/21/2031  | USD11,352 | 9897 |
|  |  | 535645 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Bonds & notes of governments & government agencies outside the U.S. (continued)**<br> **Brazil 0.99%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Brazil (Federative Republic of) 6.00% 8/15/2040 <sup>(l)</sup> <br>| BRL60,567 | $10085 |
| Brazil (Federative Republic of) 6.00% 8/15/2050 <sup>(l)</sup> <br>| 1115453 | 181241 |
| Brazil (Federative Republic of) 6.00% 5/15/2055 <sup>(l)</sup> <br>| 9965 | 1604 |
| Brazil (Federative Republic of) 6.00% 8/15/2060 <sup>(l)</sup> <br>| 60567 | 9680 |
|  |  | 202610 |
| **Mexico 0.85%** |  |  |
| Eagle Funding LuxCo SARL 5.50% 8/17/2030 <sup>(e)</sup> <br>| USD99,340 | 100911 |
| United Mexican States 6.00% 5/7/2036  | 12140 | 12439 |
| United Mexican States 6.875% 5/13/2037  | 12095 | 13075 |
| United Mexican States 6.625% 1/29/2038  | 3790 | 3993 |
| United Mexican States 5.00% 4/27/2051  | 2270 | 1868 |
| United Mexican States 6.338% 5/4/2053  | 3730 | 3636 |
| United Mexican States 6.40% 5/7/2054  | 5000 | 4897 |
| United Mexican States 3.75% 4/19/2071  | 13080 | 7985 |
| United Mexican States, Series M, 7.50% 6/3/2027  | MXN30,000 | 1637 |
| United Mexican States, Series M, 8.00% 11/7/2047  | 496456 | 23821 |
|  |  | 174262 |
| **Colombia 0.29%** |  |  |
| Colombia (Republic of) 8.00% 4/20/2033  | USD13,802 | 15051 |
| Colombia (Republic of) 7.50% 2/2/2034  | 6591 | 6942 |
| Colombia (Republic of) 8.50% 4/25/2035  | 8220 | 9116 |
| Colombia (Republic of) 8.00% 11/14/2035  | 6345 | 6824 |
| Colombia (Republic of) 7.75% 11/7/2036  | 20781 | 21810 |
|  |  | 59743 |
| **Panama 0.23%** |  |  |
| Panama (Republic of) 7.50% 3/1/2031  | 2835 | 3120 |
| Panama (Republic of) 2.252% 9/29/2032  | 8527 | 6919 |
| Panama (Republic of) 6.40% 2/14/2035  | 8595 | 8897 |
| Panama (Republic of) 6.875% 1/31/2036  | 8206 | 8740 |
| Panama (Republic of) 8.00% 3/1/2038  | 16669 | 19013 |
|  |  | 46689 |
| **Canada 0.21%** |  |  |
| OMERS Finance Trust 3.50% 4/19/2032 <sup>(e)</sup> <br>| 20000 | 19196 |
| OMERS Finance Trust 4.00% 4/19/2052 <sup>(e)</sup> <br>| 20000 | 15752 |
| Saskatchewan (Province of) 3.25% 6/8/2027  | 8047 | 7943 |
|  |  | 42891 |
| **Romania 0.21%** |  |  |
| Romania (Republic of) 3.50% 4/3/2034  | EUR498 | 502 |
| Romania (Republic of) 5.625% 5/30/2037  | 37500 | 42276 |
|  |  | 42778 |
| **Egypt 0.18%** |  |  |
| Egypt (Arab Republic of) 5.80% 9/30/2027  | USD2,110 | 2106 |
| Egypt (Arab Republic of) 7.60% 3/1/2029  | 695 | 722 |
| Egypt (Arab Republic of) 5.875% 2/16/2031  | 3325 | 3102 |
| Egypt (Arab Republic of) 9.45% 2/4/2033 <sup>(e)</sup> <br>| 15000 | 16029 |
| Egypt (Arab Republic of) 8.50% 1/31/2047  | 1170 | 1035 |
| Egypt (Arab Republic of) 7.903% 2/21/2048  | 605 | 504 |
| Egypt (Arab Republic of) 8.70% 3/1/2049  | 1840 | 1641 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Bonds & notes of governments & government agencies outside the U.S. (continued)**<br> **Egypt (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Egypt (Arab Republic of) 8.15% 11/20/2059  | USD14,000 | $11732 |
| Egypt (Arab Republic of) 7.50% 2/16/2061  | 920 | 722 |
|  |  | 37593 |
| **Mozambique 0.13%** |  |  |
| Mozambique (Republic of) 9.00% 9/15/2031  | 30000 | 26821 |
| **Peru 0.13%** |  |  |
| Peru (Republic of) 5.50% 3/30/2036  | 9655 | 9851 |
| Peru (Republic of) 5.875% 8/8/2054  | 6375 | 6416 |
| Peru (Republic of) 2.78% 12/1/2060  | 17695 | 9923 |
|  |  | 26190 |
| **Supra National 0.07%** |  |  |
| European Investment Bank 0.625% 10/21/2027  | 15310 | 14405 |
| **Spain 0.06%** |  |  |
| Spain (Kingdom of) 1.25% 10/31/2030  | EUR12,245 | 13464 |
| **India 0.04%** |  |  |
| India (Republic of) 7.88% 3/19/2030  | INR333,000 | 3978 |
| India (Republic of) 7.61% 5/9/2030  | 367000 | 4345 |
|  |  | 8323 |
| **Gabon 0.04%** |  |  |
| Gabonese (Republic of) 7.00% 11/24/2031 <sup>(e)</sup> <br>| USD10,000 | 8039 |
| **Senegal 0.03%** |  |  |
| Senegal (Republic of) 6.75% 3/13/2048  | 11000 | 6895 |
| **United Kingdom 0.02%** |  |  |
| United Kingdom 0.125% 8/10/2041 <sup>(l)</sup> <br>| GBP3,438 | 3384 |
| **Argentina 0.00%** |  |  |
| Argentine Republic 1.00% 7/9/2029  | USD129 | 94 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 1249826 |
| **Asset-backed obligations 5.14%**<br> **Other asset-backed securities 2.16%**<br>|  |  |
| ACHV ABS Trust, Series 2024-3AL, Class B, 5.45% 12/26/2031 <sup>(a)(e)</sup> <br>| 280 | 283 |
| ACHV ABS Trust, Series 2024-3AL, Class C, 5.68% 12/26/2031 <sup>(a)(e)</sup> <br>| 158 | 160 |
| ACHV ABS Trust, Series 2025-1PL, Class B, 5.04% 4/26/2032 <sup>(a)(e)</sup> <br>| 238 | 239 |
| ACHV ABS Trust, Series 2025-1PL, Class C, 5.31% 4/26/2032 <sup>(a)(e)</sup> <br>| 1104 | 1107 |
| Affirm Asset Securitization Trust, Series 2024-B, Class A, 4.62% 9/15/2029 <sup>(a)(e)</sup> <br>| 904 | 908 |
| Affirm Master Trust, Series 2025-3A, Class A, 4.45% 10/16/2034 <sup>(a)(e)</sup> <br>| 694 | 694 |
| Affirm Master Trust, Series 2025-3A, Class B, 4.75% 10/16/2034 <sup>(a)(e)</sup> <br>| 423 | 423 |
| Affirm Master Trust, Series 2025-3A, Class C, 4.89% 10/16/2034 <sup>(a)(e)</sup> <br>| 1704 | 1704 |
| Affirm Master Trust, Series 2025-3A, Class E, 6.80% 10/16/2034 <sup>(a)(e)</sup> <br>| 5000 | 4990 |

---

American Funds Strategic Bond Fund — Page 37 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Other asset-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Affirm, Inc., Series 2024-A, Class A, 5.61% 2/15/2029 <sup>(a)(e)</sup> <br>| USD849 | $853 |
| Affirm, Inc., Series 2024, Class 1A, 5.61% 2/15/2029 <sup>(a)(e)</sup> <br>| 834 | 838 |
| APL Finance, LLC, Series 2025-1A, Class A, 5.39% 3/20/2036 <sup>(a)(e)</sup> <br>| 2677 | 2677 |
| APL Finance, LLC, Series 2025-1A, Class D, 8.47% 3/20/2036 <sup>(a)(e)</sup> <br>| 2011 | 2010 |
| Apollo Aviation Securitization Equity Trust, Series 2025-2A, Class A, 5.522% 2/16/2050 <sup>(a)(e)</sup> <br>| 749 | 759 |
| Apollo Aviation Securitization Equity Trust, Series 25-1A, Class A, 5.943% 2/16/2050 <sup>(a)(e)</sup> <br>| 239 | 245 |
| Bankers Healthcare Group Securitization Trust, Series 2020-A, Class B, 3.59% 9/17/2031 <sup>(a)(e)</sup> <br>| 152 | 152 |
| Bankers Healthcare Group Securitization Trust, Series 2020-A, Class C, 5.17% 9/17/2031 <sup>(a)(e)</sup> <br>| 7500 | 7493 |
| Bankers Healthcare Group Securitization Trust, Series 2021-A, Class B, 2.79% 11/17/2033 <sup>(a)(e)</sup> <br>| 4000 | 3921 |
| Bankers Healthcare Group Securitization Trust, Series 2021-B, Class B, 1.67% 10/17/2034 <sup>(a)(e)</sup> <br>| 4581 | 4514 |
| Bankers Healthcare Group Securitization Trust, Series 2021-B, Class C, 2.24% 10/17/2034 <sup>(a)(e)</sup> <br>| 8400 | 8072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, Series 2021-1, <br> Class B, 3.446% 7/15/2046 <sup>(a)(e)</sup> <br>| 1257 | 1200 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class C, 6.38% 1/15/2031 <sup>(a)(e)</sup> <br>| 100 | 102 |
| Business Jet Securities, LLC, Series 2024-2A, Class A, 5.364% 9/15/2039 <sup>(a)(e)</sup> <br>| 5110 | 5140 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/2037 <sup>(a)(e)</sup> <br>| 6701 | 6252 |
| Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 8/15/2041 <sup>(a)(e)</sup> <br>| 256 | 254 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050 <sup>(a)(e)</sup> <br>| 28052 | 28522 |
| CCG Receivables Trust, Series 2025-1, Class D, 5.28% 10/14/2032 <sup>(a)(e)</sup> <br>| 301 | 305 |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(a)(e)</sup> <br>| 5431 | 4694 |
| CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 <sup>(a)(e)</sup> <br>| 592 | 503 |
| CF Hippolyta, LLC, Series 2020-1, Class B1, 2.28% 7/15/2060 <sup>(a)(e)</sup> <br>| 325 | 231 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 <sup>(a)(e)</sup> <br>| 12732 | 10662 |
| CF Hippolyta, LLC, Series 2022-1A, Class A1, 5.97% 8/15/2062 <sup>(a)(e)</sup> <br>| 15118 | 14672 |
| CF Hippolyta, LLC, Series 2022-1A, Class A2, 6.11% 8/15/2062 <sup>(a)(e)</sup> <br>| 2892 | 2779 |
| CFG Investments, Ltd., Series 2025-1, Class A, 6.47% 3/25/2036 <sup>(a)(e)</sup> <br>| 821 | 835 |
| CFG Investments, Ltd., Series 2025-1, Class B, 9.16% 3/25/2036 <sup>(a)(e)</sup> <br>| 159 | 163 |
| CFG Investments, Ltd., Series 2025-1, Class C, 12.72% 3/25/2036 <sup>(a)(e)</sup> <br>| 400 | 420 |
| CLI Funding V, LLC, Series 2020-2A, Class B, 3.56% 9/15/2045 <sup>(a)(e)</sup> <br>| 523 | 497 |
| CLI Funding VI, LLC, Series 2020-1A, Class B, 3.62% 9/18/2045 <sup>(a)(e)</sup> <br>| 982 | 935 |
| Crockett Partners Equipment Co. II, LLC, Series 2024-1C, Class A, 6.05% 1/20/2031 <sup>(a)(e)</sup> <br>| 5175 | 5252 |
| Crossroads Asset Trust, Series 2024-A, Class A2, 5.90% 8/20/2030 <sup>(a)(e)</sup> <br>| 930 | 943 |
| Daimler Trucks Retail Trust, Series 2024-1, Class A3, 5.49% 12/15/2027 <sup>(a)</sup> <br>| 15085 | 15227 |
| EDvestinU Private Education Loan, LLC, Series 2021-A, Class A, 1.80% 11/25/2045 <sup>(a)(e)</sup> <br>| 2073 | 1941 |
| EquipmentShare, Series 2025-1M, Class A, 5.48% 9/26/2033 <sup>(a)(e)</sup> <br>| 2171 | 2195 |
| EquipmentShare, Series 2025-1M, Class B, 6.31% 9/26/2033 <sup>(a)(e)</sup> <br>| 1146 | 1161 |
| GCI Funding I, LLC, Series 2021-1, Class A, 2.38% 6/18/2046 <sup>(a)(e)</sup> <br>| 3152 | 2928 |
| GCI Funding I, LLC, Series 2021-1, Class B, 3.04% 6/18/2046 <sup>(a)(e)</sup> <br>| 179 | 165 |
| Global SC Finance SRL, Series 2025-1H, Class A, 6.169% 9/20/2045 <sup>(a)(e)</sup> <br>| 41935 | 42016 |
| Global SC Finance SRL, Series 2025-1H, Class B, 7.848% 9/20/2045 <sup>(a)(e)</sup> <br>| 3692 | 3699 |
| Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 8/17/2039 <sup>(a)(e)</sup> <br>| 1032 | 1006 |
| Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 10/17/2040 <sup>(a)(e)</sup> <br>| 2050 | 1966 |
| Global SC Finance V SRL, Series 2020-1A, Class B, 3.55% 10/17/2040 <sup>(a)(e)</sup> <br>| 1056 | 1020 |
| Horizon Aircraft Finance, Series 2024-1, Class A, 5.375% 9/15/2049 <sup>(a)(e)</sup> <br>| 8724 | 8828 |
| Merchants Fleet Funding, LLC, Series 2024-1, Class A, 5.82% 4/20/2037 <sup>(a)(e)</sup> <br>| 667 | 672 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class A, 6.56% 7/20/2029 <sup>(a)(e)</sup> <br>| 1087 | 1096 |
| MMP Capital, Series 2025-A, Class B, 5.72% 12/15/2031 <sup>(a)(e)</sup> <br>| 332 | 338 |
| Navigator Aircraft ABS, Ltd., Series 2021-1, Class A, 2.771% 11/15/2046 <sup>(a)(e)</sup> <br>| 4760 | 4521 |
| Navigator Aircraft ABS, Ltd., Series 2021-1, Class B, 3.571% 11/15/2046 <sup>(a)(e)</sup> <br>| 3247 | 3102 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(a)(e)</sup> <br>| 55467 | 46451 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class B1, 2.41% 10/20/2061 <sup>(a)(e)</sup> <br>| 6036 | 4099 |
| OnDeck Asset Securitization Trust, LLC, Series 2023-1A, Class B, 8.25% 8/19/2030 <sup>(a)(e)</sup> <br>| 1122 | 1139 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class A, 6.27% 6/17/2031 <sup>(a)(e)</sup> <br>| 10643 | 10716 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class B, 7.15% 6/17/2031 <sup>(a)(e)</sup> <br>| 652 | 660 |

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American Funds Strategic Bond Fund — Page 38 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Other asset-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class C, 8.99% 6/17/2031 <sup>(a)(e)</sup> <br>| USD474 | $489 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class A, 4.98% 10/17/2031 <sup>(a)(e)</sup> <br>| 427 | 428 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class B, 5.42% 10/17/2031 <sup>(a)(e)</sup> <br>| 100 | 100 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class C, 7.03% 10/17/2031 <sup>(a)(e)</sup> <br>| 283 | 284 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class A, 5.08% 4/19/2032 <sup>(a)(e)</sup> <br>| 296 | 297 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class B, 5.52% 4/19/2032 <sup>(a)(e)</sup> <br>| 146 | 147 |
| Oportun Funding, LLC, Series 2021-B, Class A, 1.47% 5/8/2031 <sup>(a)(e)</sup> <br>| 1049 | 1028 |
| Oportun Funding, LLC, Series 2021-B, Class B, 1.96% 5/8/2031 <sup>(a)(e)</sup> <br>| 797 | 782 |
| PK ALIFT Loan Funding, Series 2025-2, Class A, 4.75% 3/15/2043 <sup>(a)(e)</sup> <br>| 1608 | 1612 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class A1, 5.842% 9/15/2039 <sup>(a)(e)</sup> <br>| 355 | 363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PK ALIFT Loan Funding 3, LP, Series 2024-1, Class AF, (1-month USD CME Term SOFR + 1.70%) <br> 5.85% 9/15/2039 <sup>(a)(d)(e)</sup> <br>| 142 | 143 |
| PK ALIFT Loan Funding 4, LP, Series 2024-2, Class A, 5.052% 10/15/2039 <sup>(a)(e)</sup> <br>| 428 | 429 |
| Post Road Equipment Finance, Series 2025-1A, Class A2, 4.90% 5/15/2031 <sup>(a)(e)</sup> <br>| 5724 | 5772 |
| Reach Financial, LLC, Series 2024-2, Class B, 5.84% 7/15/2031 <sup>(a)(e)</sup> <br>| 1461 | 1486 |
| Reach Financial, LLC, Series 2024-2, Class A, 5.88% 7/15/2031 <sup>(a)(e)</sup> <br>| 242 | 243 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class D, 5.88% 11/20/2035 <sup>(a)(e)</sup> <br>| 216 | 224 |
| SLAM, LLC, Series 2024-1A, Class A, 5.335% 9/15/2049 <sup>(a)(e)</sup> <br>| 17933 | 18110 |
| SOLRR Aircraft Aviation Holding, Ltd., Series 2021-1, Class A, 2.636% 10/15/2046 <sup>(a)(e)</sup> <br>| 5301 | 5014 |
| SPRITE, Ltd., Series 2021-1, Class A, 3.75% 11/15/2046 <sup>(a)(e)</sup> <br>| 1163 | 1131 |
| Stellar Jay Ireland Dac, Series 2021-1, Class B, 5.926% 10/15/2041 <sup>(a)(e)</sup> <br>| 6859 | 6878 |
| Stellar Jay Ireland DAC, Series 2021-1, Class A, 3.967% 10/15/2041 <sup>(a)(e)</sup> <br>| 4741 | 4698 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class AA, 2.301% 2/28/2033 <sup>(a)(e)</sup> <br>| 488 | 472 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class B, 3.821% 2/28/2033 <sup>(a)(e)</sup> <br>| 3274 | 3179 |
| Subway Funding, LLC, Series 2024-3, Class A2I, 5.246% 7/30/2054 <sup>(a)(e)</sup> <br>| 11428 | 11449 |
| Subway Funding, LLC, Series 2024-3A, Class A2II, 5.566% 7/30/2054 <sup>(a)(e)</sup> <br>| 13149 | 13220 |
| Subway Funding, LLC, Series 2024-3, Class A23, 5.914% 7/30/2054 <sup>(a)(e)</sup> <br>| 13274 | 13270 |
| SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/2075 <sup>(a)(e)</sup> <br>| 1417 | 1379 |
| Synchrony Card Issuance Trust, Series 2023-A, Class A, 5.54% 7/15/2029 <sup>(a)</sup> <br>| 11791 | 11930 |
| TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/2045 <sup>(a)(e)</sup> <br>| 103 | 98 |
| TAL Advantage V, LLC, Series 2020-1, Class B, 3.29% 9/20/2045 <sup>(a)(e)</sup> <br>| 356 | 341 |
| Textainer Marine Containers, Ltd., Series 2020-1A, Class B, 4.94% 8/21/2045 <sup>(a)(e)</sup> <br>| 957 | 944 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 9/20/2045 <sup>(a)(e)</sup> <br>| 99 | 93 |
| Textainer Marine Containers, Ltd., Series 2020-3, Class A, 2.11% 9/20/2045 <sup>(a)(e)</sup> <br>| 173 | 164 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class B, 3.34% 9/20/2045 <sup>(a)(e)</sup> <br>| 2122 | 2004 |
| Textainer Marine Containers, Ltd., Series 2025-1H, Class A, 6.43% 7/23/2050 <sup>(a)(e)</sup> <br>| 19770 | 19834 |
| Textainer Marine Containers, Ltd., Series 2025-1H, Class B, 8.06% 7/23/2050 <sup>(a)(e)</sup> <br>| 9898 | 9936 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/2045 <sup>(a)(e)</sup> <br>| 851 | 798 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class B, 3.74% 9/20/2045 <sup>(a)(e)</sup> <br>| 2854 | 2740 |
| Triton Container Finance VIII, LLC, Series 2021-1A, Class B, 2.58% 3/20/2046 <sup>(a)(e)</sup> <br>| 420 | 388 |
| U.S. Bank National Association, Series 2025-SUP1, Class B, 5.582% 2/25/2032 <sup>(a)(e)</sup> <br>| 395 | 397 |
| U.S. Bank National Association, Series 2025-SUP2, Class B1, 4.818% 9/25/2032 <sup>(a)(e)</sup> <br>| 13642 | 13659 |
| Verdant Receivables, LLC, Series 2024-1, Class C, 6.25% 12/12/2031 <sup>(a)(e)</sup> <br>| 210 | 218 |
| VFI ABS, LLC, Series 2025-1A, Class A, 4.78% 6/24/2030 <sup>(a)(e)</sup> <br>| 386 | 388 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class A2, 4.33% 9/20/2033 <sup>(a)(e)</sup> <br>| 2617 | 2618 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class C, 4.76% 9/20/2033 <sup>(a)(e)</sup> <br>| 213 | 213 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class D, 5.45% 9/20/2033 <sup>(a)(e)</sup> <br>| 521 | 521 |
| Zayo Issuer, LLC, Series 2025-2A, Class A2, 5.953% 6/20/2055 <sup>(a)(e)</sup> <br>| 1000 | 1030 |
| Zayo Issuer, LLC, Series 2025-2A, Class B, 6.586% 6/20/2055 <sup>(a)(e)</sup> <br>| 1000 | 1039 |
|  |  | 443329 |

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American Funds Strategic Bond Fund — Page 39 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan 2.10%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| American Credit Acceptance Receivables Trust, Series 2024-2, Class B, 6.10% 12/13/2027 <sup>(a)(e)</sup> <br>| USD513 | $514 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class A, 4.81% 3/13/2028 <sup>(a)(e)</sup> <br>| 3052 | 3054 |
| American Credit Acceptance Receivables Trust, Series 2022-3, Class D, 5.83% 10/13/2028 <sup>(a)(e)</sup> <br>| 176 | 176 |
| American Credit Acceptance Receivables Trust, Series 2025-1, Class B, 4.90% 3/12/2029 <sup>(a)(e)</sup> <br>| 220 | 221 |
| American Credit Acceptance Receivables Trust, Series 2023-1, Class E, 9.79% 12/12/2029 <sup>(a)(e)</sup> <br>| 685 | 709 |
| American Credit Acceptance Receivables Trust, Series 2024-1, Class C, 5.63% 1/14/2030 <sup>(a)(e)</sup> <br>| 854 | 857 |
| American Credit Acceptance Receivables Trust, Series 2022-4, Class E, 10.00% 1/14/2030 <sup>(a)(e)</sup> <br>| 1380 | 1425 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class D, 6.53% 4/12/2030 <sup>(a)(e)</sup> <br>| 2398 | 2461 |
| American Credit Acceptance Receivables Trust, Series 2024-1, Class D, 5.86% 5/13/2030 <sup>(a)(e)</sup> <br>| 592 | 603 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class C, 4.91% 8/12/2031 <sup>(a)(e)</sup> <br>| 102 | 103 |
| American Credit Acceptance Receivables Trust, Series 2025-1, Class D, 5.54% 8/12/2031 <sup>(a)(e)</sup> <br>| 1500 | 1520 |
| American Credit Acceptance Receivables Trust, Series 2023-4, Class E, 9.79% 8/12/2031 <sup>(a)(e)</sup> <br>| 1715 | 1822 |
| American Credit Acceptance Receivables Trust, Series 2023-3, Class E, 9.54% 10/14/2031 <sup>(a)(e)</sup> <br>| 1715 | 1803 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class E, 7.87% 11/12/2031 <sup>(a)(e)</sup> <br>| 827 | 854 |
| American Credit Acceptance Receivables Trust, Series 2024-1, Class E, 7.98% 11/12/2031 <sup>(a)(e)</sup> <br>| 1271 | 1314 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class B, 5.11% 11/17/2031 <sup>(a)(e)</sup> <br>| 414 | 415 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class C, 5.42% 12/15/2031 <sup>(a)(e)</sup> <br>| 512 | 514 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class E, 7.30% 10/15/2032 <sup>(a)(e)</sup> <br>| 500 | 504 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class A, 6.12% 4/20/2027 <sup>(a)(e)</sup> <br>| 5911 | 5948 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-4A, Class D, 7.31% 6/20/2029 <sup>(a)(e)</sup> <br>| 1468 | 1505 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2025-1A, Class A, 4.80% 8/20/2029 <sup>(a)(e)</sup> <br>| 1881 | 1908 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6A, Class D, 7.37% 12/20/2029 <sup>(a)(e)</sup> <br>| 374 | 386 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-8A, Class D, 7.52% 2/20/2030 <sup>(a)(e)</sup> <br>| 3911 | 3994 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class B, 5.43% 8/15/2028 <sup>(a)</sup> <br>| 160 | 161 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-1, Class B, 4.92% 3/15/2029 <sup>(a)</sup> <br>| 1420 | 1426 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class C, 5.65% 4/16/2029 <sup>(a)</sup> <br>| 295 | 298 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class D, 6.03% 11/15/2029 <sup>(a)</sup> <br>| 572 | 583 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class D, 5.83% 5/15/2030 <sup>(a)</sup> <br>| 8644 | 8824 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-2, Class C, 5.17% 3/17/2031 <sup>(a)</sup> <br>| 1391 | 1407 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-2, Class D, 5.62% 3/17/2031 <sup>(a)</sup> <br>| 1343 | 1362 |
| CarMax Select Receivables Trust, Series 2025-B, Class A2, 4.19% 3/15/2029 <sup>(a)</sup> <br>| 1715 | 1716 |
| CarMax Select Receivables Trust, Series 2024-A, Class C, 5.62% 1/15/2030 <sup>(a)</sup> <br>| 572 | 584 |
| CarMax Select Receivables Trust, Series 2025-B, Class B, 4.35% 7/15/2030 <sup>(a)</sup> <br>| 1715 | 1713 |
| CarMax Select Receivables Trust, Series 2024-A, Class D, 6.27% 12/16/2030 <sup>(a)</sup> <br>| 868 | 894 |
| CarMax Select Receivables Trust, Series 2025-B, Class C, 4.83% 6/16/2031 <sup>(a)</sup> <br>| 1886 | 1886 |
| CarMax Select Receivables Trust, Series 2025-B, Class D, 5.33% 7/15/2031 <sup>(a)</sup> <br>| 3414 | 3411 |
| Carvana Auto Receivables Trust, Series 2024-N3, Class C, 4.90% 12/10/2030 <sup>(a)(e)</sup> <br>| 500 | 502 |
| Chase Auto Owner Trust, Series 2024-5A, Class A4, 4.15% 3/25/2030 <sup>(a)(e)</sup> <br>| 1735 | 1742 |
| CPS Auto Receivables Trust, Series 2024-A, Class B, 5.65% 5/15/2028 <sup>(a)(e)</sup> <br>| 81 | 82 |
| CPS Auto Receivables Trust, Series 2025-B, Class A, 4.74% 2/15/2029 <sup>(a)(e)</sup> <br>| 15364 | 15412 |
| CPS Auto Receivables Trust, Series 2023-A, Class C, 5.54% 4/16/2029 <sup>(a)(e)</sup> <br>| 167 | 167 |
| CPS Auto Receivables Trust, Series 2023-A, Class D, 6.44% 4/16/2029 <sup>(a)(e)</sup> <br>| 526 | 536 |
| CPS Auto Receivables Trust, Series 2023-C, Class C, 6.27% 10/15/2029 <sup>(a)(e)</sup> <br>| 689 | 694 |
| CPS Auto Receivables Trust, Series 2023-C, Class D, 6.77% 10/15/2029 <sup>(a)(e)</sup> <br>| 622 | 639 |
| CPS Auto Receivables Trust, Series 2025-B, Class B, 4.79% 11/15/2029 <sup>(a)(e)</sup> <br>| 643 | 647 |
| CPS Auto Receivables Trust, Series 2022-C, Class C, 5.28% 4/15/2030 <sup>(a)(e)</sup> <br>| 39 | 39 |
| CPS Auto Receivables Trust, Series 2024-A, Class C, 5.74% 4/15/2030 <sup>(a)(e)</sup> <br>| 100 | 101 |
| CPS Auto Receivables Trust, Series 2024-A, Class D, 6.13% 4/15/2030 <sup>(a)(e)</sup> <br>| 100 | 102 |
| CPS Auto Receivables Trust, Series 2022-C, Class D, 6.45% 4/15/2030 <sup>(a)(e)</sup> <br>| 1013 | 1029 |
| CPS Auto Receivables Trust, Series 2022-D, Class E, 12.12% 6/17/2030 <sup>(a)(e)</sup> <br>| 4000 | 4419 |
| CPS Auto Receivables Trust, Series 2025-B, Class C, 5.12% 7/15/2031 <sup>(a)(e)</sup> <br>| 1314 | 1326 |
| CPS Auto Receivables Trust, Series 2024-A, Class E, 8.42% 8/15/2031 <sup>(a)(e)</sup> <br>| 2700 | 2844 |
| CPS Auto Receivables Trust, Series 2024-C, Class E, 8.04% 3/15/2032 <sup>(a)(e)</sup> <br>| 3625 | 3805 |
| Credit Acceptance Auto Loan Trust, Series 2022-1A, Class D, 6.63% 12/15/2032 <sup>(a)(e)</sup> <br>| 3000 | 3007 |

---

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Credit Acceptance Auto Loan Trust, Series 2023-3, Class B, 7.09% 10/17/2033 <sup>(a)(e)</sup> <br>| USD212 | $217 |
| Credit Acceptance Auto Loan Trust, Series 2023-3, Class C, 7.62% 12/15/2033 <sup>(a)(e)</sup> <br>| 245 | 254 |
| Drive Auto Receivables Trust, Series 2024-1, Class A3, 5.35% 2/15/2028 <sup>(a)</sup> <br>| 1822 | 1823 |
| Drive Auto Receivables Trust, Series 2025-2, Class A2, 4.29% 10/16/2028 <sup>(a)</sup> <br>| 1715 | 1716 |
| Drive Auto Receivables Trust, Series 2024-1, Class B, 5.31% 1/16/2029 <sup>(a)</sup> <br>| 5477 | 5505 |
| Drive Auto Receivables Trust, Series 2024-2, Class B, 4.52% 7/16/2029 <sup>(a)</sup> <br>| 474 | 476 |
| Drive Auto Receivables Trust, Series 2024-1, Class C, 5.43% 11/17/2031 <sup>(a)</sup> <br>| 703 | 713 |
| Drive Auto Receivables Trust, Series 2024-2, Class C, 4.67% 5/17/2032 <sup>(a)</sup> <br>| 464 | 466 |
| Drive Auto Receivables Trust, Series 2024-2, Class D, 4.94% 5/17/2032 <sup>(a)</sup> <br>| 1065 | 1070 |
| Drive Auto Receivables Trust, Series 2025-2, Class A3, 4.14% 9/15/2032 <sup>(a)</sup> <br>| 750 | 750 |
| Drive Auto Receivables Trust, Series 2025-2, Class C, 4.39% 9/15/2032 <sup>(a)</sup> <br>| 1159 | 1158 |
| Drive Auto Receivables Trust, Series 2025-1, Class C, 4.99% 9/15/2032 <sup>(a)</sup> <br>| 273 | 276 |
| Drive Auto Receivables Trust, Series 2025-1, Class D, 5.41% 9/15/2032 <sup>(a)</sup> <br>| 845 | 856 |
| Drive Auto Receivables Trust, Series 2025-2, Class D, 4.90% 12/15/2032 <sup>(a)</sup> <br>| 1991 | 1992 |
| DriveTime Auto Owner Trust, Series 2023-1, Class C, 5.55% 10/16/2028 <sup>(a)(e)</sup> <br>| 272 | 272 |
| DriveTime Auto Owner Trust, Series 2023-1, Class D, 6.44% 11/15/2028 <sup>(a)(e)</sup> <br>| 1125 | 1144 |
| DriveTime Auto Owner Trust, Series 2023-3, Class C, 6.40% 5/15/2029 <sup>(a)(e)</sup> <br>| 524 | 531 |
| DriveTime Auto Owner Trust, Series 2023-3, Class D, 7.12% 5/15/2029 <sup>(a)(e)</sup> <br>| 541 | 561 |
| Exeter Automobile Receivables Trust, Series 2022-6, Class C, 6.32% 5/15/2028 <sup>(a)</sup> <br>| 843 | 847 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class C, 6.21% 6/15/2028 <sup>(a)</sup> <br>| 104 | 105 |
| Exeter Automobile Receivables Trust, Series 2022-2A, Class D, 4.56% 7/17/2028 <sup>(a)</sup> <br>| 1053 | 1053 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class B, 5.29% 8/15/2028 <sup>(a)</sup> <br>| 278 | 279 |
| Exeter Automobile Receivables Trust, Series 2023-4A, Class C, 6.51% 8/15/2028 <sup>(a)</sup> <br>| 653 | 658 |
| Exeter Automobile Receivables Trust, Series 2022-4A, Class D, 5.98% 12/15/2028 <sup>(a)</sup> <br>| 314 | 316 |
| Exeter Automobile Receivables Trust, Series 2022-6, Class D, 8.03% 4/6/2029 <sup>(a)</sup> <br>| 430 | 443 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class D, 6.68% 4/16/2029 <sup>(a)</sup> <br>| 226 | 231 |
| Exeter Automobile Receivables Trust, Series 2024-2A, Class C, 5.74% 5/15/2029 <sup>(a)</sup> <br>| 1360 | 1376 |
| Exeter Automobile Receivables Trust, Series 2023-1A, Class D, 6.69% 6/15/2029 <sup>(a)</sup> <br>| 725 | 739 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class B, 4.91% 8/15/2029 <sup>(a)</sup> <br>| 1768 | 1783 |
| Exeter Automobile Receivables Trust, Series 2025-2A, Class B, 4.92% 9/17/2029 <sup>(a)</sup> <br>| 8879 | 8969 |
| Exeter Automobile Receivables Trust, Series 2023-4A, Class D, 6.95% 12/17/2029 <sup>(a)</sup> <br>| 991 | 1019 |
| Exeter Automobile Receivables Trust, Series 2024-2A, Class D, 5.92% 2/15/2030 <sup>(a)</sup> <br>| 1834 | 1876 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class C, 5.41% 5/15/2030 <sup>(a)</sup> <br>| 339 | 343 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class D, 5.84% 6/17/2030 <sup>(a)</sup> <br>| 1644 | 1682 |
| Exeter Automobile Receivables Trust, Series 2023-1A, Class E, 12.07% 9/16/2030 <sup>(a)(e)</sup> <br>| 6737 | 7537 |
| Exeter Automobile Receivables Trust, Series 2023-2A, Class E, 9.75% 11/15/2030 <sup>(a)(e)</sup> <br>| 3697 | 3971 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class D, 5.81% 12/16/2030 <sup>(a)</sup> <br>| 5589 | 5694 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class E, 9.98% 1/15/2031 <sup>(a)(e)</sup> <br>| 2028 | 2189 |
| Exeter Automobile Receivables Trust, Series 2023-4A, Class E, 9.57% 2/18/2031 <sup>(a)(e)</sup> <br>| 2408 | 2585 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class C, 5.09% 5/15/2031 <sup>(a)</sup> <br>| 2705 | 2737 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class D, 5.49% 5/15/2031 <sup>(a)</sup> <br>| 1411 | 1435 |
| Exeter Automobile Receivables Trust, Series 2023-5A, Class E, 9.58% 6/16/2031 <sup>(a)(e)</sup> <br>| 4052 | 4387 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class E, 7.89% 8/15/2031 <sup>(a)(e)</sup> <br>| 4029 | 4212 |
| Exeter Automobile Receivables Trust, Series 2025-3A, Class C, 5.09% 10/15/2031 <sup>(a)</sup> <br>| 779 | 789 |
| Exeter Automobile Receivables Trust, Series 2025-3A, Class D, 5.57% 10/15/2031 <sup>(a)</sup> <br>| 944 | 960 |
| Exeter Automobile Receivables Trust, Series 2024-2A, Class E, 7.98% 10/15/2031 <sup>(a)(e)</sup> <br>| 1154 | 1214 |
| Exeter Automobile Receivables Trust, Series 2025-4A, Class D, 5.23% 1/15/2032 <sup>(a)</sup> <br>| 1580 | 1587 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class E, 7.65% 2/17/2032 <sup>(a)(e)</sup> <br>| 10020 | 10444 |
| Exeter Automobile Receivables Trust, Series 2025-2A, Class E, 7.81% 10/15/2032 <sup>(a)(e)</sup> <br>| 1576 | 1639 |
| Flagship Credit Auto Trust, Series 2023-3, Class B, 5.64% 7/16/2029 <sup>(a)(e)</sup> <br>| 214 | 216 |
| Flagship Credit Auto Trust, Series 2023-3, Class C, 6.01% 7/16/2029 <sup>(a)(e)</sup> <br>| 99 | 99 |
| Flagship Credit Auto Trust, Series 2023-3, Class D, 6.58% 8/15/2029 <sup>(a)(e)</sup> <br>| 67 | 66 |
| Ford Credit Floorplan Master Owner Trust, Series 2025-1, Class A1, 4.63% 4/15/2030 <sup>(a)</sup> <br>| 7790 | 7909 |
| GLS Auto Receivables Trust, Series 2023-3, Class B, 5.89% 1/18/2028 <sup>(a)(e)</sup> <br>| 526 | 527 |

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American Funds Strategic Bond Fund — Page 41 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| GLS Auto Receivables Trust, Series 2023-3, Class C, 6.01% 5/15/2029 <sup>(a)(e)</sup> <br>| USD122 | $123 |
| GLS Auto Receivables Trust, Series 2023-3, Class D, 6.44% 5/15/2029 <sup>(a)(e)</sup> <br>| 110 | 113 |
| GLS Auto Receivables Trust, Series 2024-1, Class C, 5.64% 12/17/2029 <sup>(a)(e)</sup> <br>| 633 | 643 |
| GLS Auto Receivables Trust, Series 2024-1, Class D, 5.95% 12/17/2029 <sup>(a)(e)</sup> <br>| 610 | 625 |
| GLS Auto Receivables Trust, Series 2023-3, Class E, 9.27% 8/15/2030 <sup>(a)(e)</sup> <br>| 1900 | 2052 |
| GLS Auto Receivables Trust, Series 2023-4, Class E, 9.72% 8/15/2030 <sup>(a)(e)</sup> <br>| 1430 | 1568 |
| GLS Auto Receivables Trust, Series 2024-2, Class E, 7.98% 5/15/2031 <sup>(a)(e)</sup> <br>| 1170 | 1228 |
| GLS Auto Receivables Trust, Series 2025-3A, Class D, 5.16% 6/16/2031 <sup>(a)(e)</sup> <br>| 2430 | 2440 |
| GLS Auto Receivables Trust, Series 2024-4A, Class E, 7.51% 8/15/2031 <sup>(a)(e)</sup> <br>| 1005 | 1046 |
| GLS Auto Select Receivables Trust, Series 24-3A, Class B, 5.64% 8/15/2030 <sup>(a)(e)</sup> <br>| 850 | 871 |
| GLS Auto Select Receivables Trust, Series 24-3A, Class C, 5.92% 8/15/2030 <sup>(a)(e)</sup> <br>| 1000 | 1033 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class B, 4.50% 11/15/2030 <sup>(a)(e)</sup> <br>| 153 | 154 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class C, 4.75% 11/15/2030 <sup>(a)(e)</sup> <br>| 67 | 68 |
| GLS Auto Select Receivables Trust, Series 2025-1A, Class C, 5.26% 3/15/2031 <sup>(a)(e)</sup> <br>| 180 | 183 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class D, 5.28% 10/15/2031 <sup>(a)(e)</sup> <br>| 75 | 76 |
| GLS Auto Select Receivables Trust, Series 2025-1A, Class D, 5.74% 4/15/2032 <sup>(a)(e)</sup> <br>| 194 | 198 |
| GM Financial Revolving Receivables Trust, Series 2024-2, Class A, 4.52% 3/11/2037 <sup>(a)(e)</sup> <br>| 23821 | 24150 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class 1D, 9.13% 6/25/2027 <sup>(a)(e)</sup> <br>| 4450 | 4512 |
| Hertz Vehicle Financing III, LLC, Series 2023-3, Class B, 6.53% 2/25/2028 <sup>(a)(e)</sup> <br>| 1000 | 1019 |
| Hertz Vehicle Financing III, LLC, Series 2022-2A, Class C, 2.95% 6/26/2028 <sup>(a)(e)</sup> <br>| 6036 | 5828 |
| Hertz Vehicle Financing III, LLC, Series 2022-2, Class D, 5.16% 6/26/2028 <sup>(a)(e)</sup> <br>| 14209 | 13881 |
| Hertz Vehicle Financing, LLC, Series 2023-1A, Class B, 6.22% 6/25/2027 <sup>(a)(e)</sup> <br>| 1250 | 1258 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class A, 1.68% 12/27/2027 <sup>(a)(e)</sup> <br>| 10573 | 10311 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class B, 2.12% 12/27/2027 <sup>(a)(e)</sup> <br>| 3950 | 3840 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class C, 2.52% 12/27/2027 <sup>(a)(e)</sup> <br>| 2477 | 2411 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class A, 5.44% 1/25/2029 <sup>(a)(e)</sup> <br>| 1690 | 1726 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class B, 6.12% 1/25/2029 <sup>(a)(e)</sup> <br>| 941 | 961 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class C, 6.70% 1/25/2029 <sup>(a)(e)</sup> <br>| 569 | 584 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class D, 9.22% 1/25/2029 <sup>(a)(e)</sup> <br>| 2895 | 2986 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class A, 4.91% 9/25/2029 <sup>(a)(e)</sup> <br>| 100 | 101 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class B, 5.45% 9/25/2029 <sup>(a)(e)</sup> <br>| 6035 | 6107 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class C, 6.03% 9/25/2029 <sup>(a)(e)</sup> <br>| 8358 | 8483 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class D, 7.98% 9/25/2029 <sup>(a)(e)</sup> <br>| 3784 | 3792 |
| Hertz Vehicle Financing, LLC, Series 2025-3A, Class A, 5.06% 12/26/2029 <sup>(a)(e)</sup> <br>| 1109 | 1127 |
| Hertz Vehicle Financing, LLC, Series 2025-3A, Class B, 5.59% 12/26/2029 <sup>(a)(e)</sup> <br>| 446 | 451 |
| Hertz Vehicle Financing, LLC, Series 2025-3A, Class C, 6.13% 12/26/2029 <sup>(a)(e)</sup> <br>| 455 | 461 |
| Hertz Vehicle Financing, LLC, Series 2024-2A, Class D, 9.41% 1/27/2031 <sup>(a)(e)</sup> <br>| 2250 | 2363 |
| Hertz Vehicle Financing, LLC, Series 2025-2A, Class C, 6.40% 9/25/2031 <sup>(a)(e)</sup> <br>| 9707 | 9893 |
| Hertz Vehicle Financing, LLC, Series 2025-2A, Class D, 8.34% 9/25/2031 <sup>(a)(e)</sup> <br>| 3525 | 3551 |
| Hertz Vehicle Financing, LLC, Series 2025-4A, Class A, 5.41% 12/25/2031 <sup>(a)(e)</sup> <br>| 2217 | 2271 |
| Hertz Vehicle Financing, LLC, Series 2025-4A, Class B, 5.90% 12/25/2031 <sup>(a)(e)</sup> <br>| 372 | 380 |
| Hertz Vehicle Financing, LLC, Series 2025-4A, Class C, 6.48% 12/25/2031 <sup>(a)(e)</sup> <br>| 1232 | 1257 |
| Hertz Vehicle Financing, LLC, Series 2025-4A, Class D, 9.34% 12/25/2031 <sup>(a)(e)</sup> <br>| 750 | 785 |
| Huntington National Bank (The), Series 2024-2, Class B1, 5.442% 10/20/2032 <sup>(a)(e)</sup> <br>| 1166 | 1178 |
| Huntington National Bank (The), Series 2025-1, Class B, 4.957% 3/21/2033 <sup>(a)(e)</sup> <br>| 877 | 883 |
| LAD Auto Receivables Trust, Series 2023-1, Class C, 6.18% 12/15/2027 <sup>(a)(e)</sup> <br>| 207 | 208 |
| LAD Auto Receivables Trust, Series 2023-2, Class B, 5.45% 4/15/2028 <sup>(a)(e)</sup> <br>| 510 | 512 |
| LAD Auto Receivables Trust, Series 2023-3, Class B, 6.09% 6/15/2028 <sup>(a)(e)</sup> <br>| 586 | 594 |
| LAD Auto Receivables Trust, Series 2023-2, Class C, 5.58% 9/15/2028 <sup>(a)(e)</sup> <br>| 1127 | 1138 |
| LAD Auto Receivables Trust, Series 2023-3, Class C, 6.43% 12/15/2028 <sup>(a)(e)</sup> <br>| 493 | 505 |
| LAD Auto Receivables Trust, Series 2024-1, Class B, 5.33% 2/15/2029 <sup>(a)(e)</sup> <br>| 447 | 454 |
| LAD Auto Receivables Trust, Series 2024-1, Class C, 5.64% 6/15/2029 <sup>(a)(e)</sup> <br>| 541 | 554 |
| LAD Auto Receivables Trust, Series 2024-3A, Class B, 4.74% 1/15/2030 <sup>(a)(e)</sup> <br>| 446 | 450 |
| LAD Auto Receivables Trust, Series 2024-3A, Class C, 4.93% 3/15/2030 <sup>(a)(e)</sup> <br>| 161 | 163 |

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American Funds Strategic Bond Fund — Page 42 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| LAD Auto Receivables Trust, Series 2022-1, Class C, 6.85% 4/15/2030 <sup>(a)(e)</sup> <br>| USD656 | $664 |
| LAD Auto Receivables Trust, Series 2023-1, Class D, 7.30% 6/17/2030 <sup>(a)(e)</sup> <br>| 219 | 223 |
| LAD Auto Receivables Trust, Series 2023-3, Class D, 6.92% 12/16/2030 <sup>(a)(e)</sup> <br>| 334 | 346 |
| LAD Auto Receivables Trust, Series 2023-2, Class D, 6.30% 2/15/2031 <sup>(a)(e)</sup> <br>| 1712 | 1751 |
| LAD Auto Receivables Trust, Series 2024-1, Class D, 6.15% 6/16/2031 <sup>(a)(e)</sup> <br>| 333 | 344 |
| LAD Auto Receivables Trust, Series 2024-2, Class D, 6.37% 10/15/2031 <sup>(a)(e)</sup> <br>| 149 | 154 |
| LAD Auto Receivables Trust, Series 2024-3A, Class D, 5.18% 2/17/2032 <sup>(a)(e)</sup> <br>| 97 | 98 |
| LAD Auto Receivables Trust, Series 2025-2A, Class D, 5.01% 12/15/2032 <sup>(a)(e)</sup> <br>| 1095 | 1102 |
| Lendbuzz Securitization Trust, Series 2025-1A, Class B, 5.47% 11/15/2030 <sup>(a)(e)</sup> <br>| 4299 | 4346 |
| Porsche Innovative Lease Owner Trust, Series 2024-1, Class A2A, 4.84% 1/20/2027 <sup>(a)(e)</sup> <br>| 4949 | 4957 |
| Prestige Auto Receivables Trust, Series 2024-1, Class B, 5.71% 5/15/2028 <sup>(a)(e)</sup> <br>| 196 | 196 |
| Prestige Auto Receivables Trust, Series 2024-1, Class D, 6.21% 2/15/2030 <sup>(a)(e)</sup> <br>| 421 | 430 |
| Prestige Auto Receivables Trust, Series 2023-1A, Class E, 9.88% 5/15/2030 <sup>(a)(e)</sup> <br>| 2000 | 2120 |
| Prestige Auto Receivables Trust, Series 2024-1, Class E, 7.94% 4/15/2031 <sup>(a)(e)</sup> <br>| 682 | 707 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2022-3, Class A, 5.38% 11/25/2030 <sup>(a)(e)</sup> <br>| 446 | 446 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2022-3, Class B, 6.58% 11/25/2030 <sup>(a)(e)</sup> <br>| 7757 | 7784 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-4A, Class B, 5.497% 4/25/2034 <sup>(a)(e)</sup> <br>| 3428 | 3447 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-5A, Class A2, 4.575% 6/26/2034 <sup>(a)(e)</sup> <br>| 1427 | 1428 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-5A, Class A3, 4.838% 6/26/2034 <sup>(a)(e)</sup> <br>| 3309 | 3311 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-5A, Class B, 5.228% 6/26/2034 <sup>(a)(e)</sup> <br>| 2156 | 2157 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class A2, 5.41% 7/15/2027 <sup>(a)</sup> <br>| 511 | 511 |
| Santander Drive Auto Receivables Trust, Series 2022-7, Class B, 5.95% 1/17/2028 <sup>(a)</sup> <br>| 1403 | 1406 |
| Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74% 10/16/2028 <sup>(a)</sup> <br>| 1467 | 1469 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class B, 5.23% 12/15/2028 <sup>(a)</sup> <br>| 531 | 534 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class C, 5.45% 3/15/2030 <sup>(a)</sup> <br>| 118 | 120 |
| Santander Drive Auto Receivables Trust, Series 2022-7, Class C, 6.69% 3/17/2031 <sup>(a)</sup> <br>| 5972 | 6093 |
| Securitized Term Auto Receivables Trust, Series 2025-A, Class B, 5.038% 7/25/2031 <sup>(a)(e)</sup> <br>| 233 | 235 |
| Securitized Term Auto Receivables Trust, Series 2025-A, Class C, 5.185% 7/25/2031 <sup>(a)(e)</sup> <br>| 498 | 503 |
| Securitized Term Auto Receivables Trust, Series 2025-B, Class C, 5.121% 12/29/2032 <sup>(a)(e)</sup> <br>| 1806 | 1821 |
| Securitized Term Auto Receivables Trust, Series 2025-B, Class D, 5.463% 12/29/2032 <sup>(a)(e)</sup> <br>| 2183 | 2199 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A2, 4.71% 5/22/2028 <sup>(a)(e)</sup> <br>| 7277 | 7288 |
| SFS Auto Receivables Securitization Trust, Series 2025-2A, Class A2, 4.52% 11/20/2028 <sup>(a)(e)</sup> <br>| 6049 | 6066 |
| SFS Auto Receivables Securitization Trust, Series 2025-2A, Class A3, 4.44% 12/20/2030 <sup>(a)(e)</sup> <br>| 6998 | 7060 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class B, 4.76% 11/20/2031 <sup>(a)(e)</sup> <br>| 2770 | 2811 |
| Truist Bank Auto Credit-Linked Notes, Series 2025-1, Class B, 4.728% 9/26/2033 <sup>(a)(e)</sup> <br>| 2479 | 2483 |
| United Auto Credit Securitization Trust, Series 2024-1, Class B, 6.57% 6/10/2027 <sup>(a)(e)</sup> <br>| 249 | 249 |
| United Auto Credit Securitization Trust, Series 2025-1, Class B, 5.05% 2/10/2028 <sup>(a)(e)</sup> <br>| 839 | 842 |
| United Auto Credit Securitization Trust, Series 2024-1, Class C, 7.06% 10/10/2029 <sup>(a)(e)</sup> <br>| 1560 | 1569 |
| United Auto Credit Securitization Trust, Series 2024-1, Class D, 8.30% 11/12/2029 <sup>(a)(e)</sup> <br>| 4000 | 4099 |
| United Auto Credit Securitization Trust, Series 2025-1, Class C, 5.15% 6/10/2030 <sup>(a)(e)</sup> <br>| 1046 | 1052 |
| VStrong Auto Receivables Trust, Series 2024-A, Class A3, 5.62% 12/15/2028 <sup>(a)(e)</sup> <br>| 68 | 68 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class B, 5.55% 11/15/2027 <sup>(a)(e)</sup> <br>| 496 | 499 |
| Westlake Automobile Receivables Trust, Series 2022-3, Class C, 6.44% 12/15/2027 <sup>(a)(e)</sup> <br>| 1049 | 1053 |
| Westlake Automobile Receivables Trust, Series 2023-1, Class B, 5.41% 1/18/2028 <sup>(a)(e)</sup> <br>| 51 | 51 |
| Westlake Automobile Receivables Trust, Series 2025-P1, Class A2, 4.65% 2/15/2028 <sup>(a)(e)</sup> <br>| 2509 | 2519 |
| Westlake Automobile Receivables Trust, Series 2023-1, Class C, 5.74% 8/15/2028 <sup>(a)(e)</sup> <br>| 412 | 415 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class C, 6.02% 9/15/2028 <sup>(a)(e)</sup> <br>| 483 | 490 |
| Westlake Automobile Receivables Trust, Series 2023-1, Class D, 6.79% 11/15/2028 <sup>(a)(e)</sup> <br>| 1207 | 1240 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class C, 5.65% 2/15/2029 <sup>(a)(e)</sup> <br>| 521 | 527 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class D, 6.47% 3/15/2029 <sup>(a)(e)</sup> <br>| 269 | 277 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class D, 6.02% 10/15/2029 <sup>(a)(e)</sup> <br>| 2010 | 2056 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Auto loan (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Westlake Automobile Receivables Trust, Series 2025-2A, Class D, 5.08% 5/15/2031 <sup>(a)(e)</sup> <br>| USD4,000 | $4036 |
| Westlake Flooring Master Trust, Series 2024-1, Class A, 5.43% 2/15/2028 <sup>(a)(e)</sup> <br>| 4470 | 4488 |
|  |  | 431353 |
| **Collateralized loan obligations 0.43%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegro CLO, Ltd., Series 2019-2, Class CR, (3-month USD CME Term SOFR + 2.53%) 6.855% <br> 1/19/2033 <sup>(a)(d)(e)</sup> <br>| 1500 | 1504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Money Management Corp., Series 2016-18, Class BR, (3-month USD CME Term SOFR + <br> 1.862%) 6.084% 5/26/2031 <sup>(a)(d)(e)</sup> <br>| 779 | 779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Credit CLO, LLC, Series 2021-2A, Class A2R, (3-month USD CME Term SOFR + 1.85%) 6.082% <br> 10/20/2034 <sup>(a)(d)(e)</sup> <br>| 789 | 791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARES CLO, Ltd., Series 2022-65A, Class CR, (3-month USD CME Term SOFR + 1.85%) 6.008% <br> 7/25/2034 <sup>(a)(d)(e)</sup> <br>| 909 | 911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Middle Market CLO, Ltd., Series 2021-I, Class A1, (3-month USD CME Term SOFR + 0.262%) <br> + 1.55%) 6.137% 7/20/2033 <sup>(a)(d)(e)</sup> <br>| 3500 | 3503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Battalion CLO, Ltd., Series 2018-12A, Class DRR, (3-month USD CME Term SOFR + 2.60%) 6.785% <br> 5/17/2031 <sup>(a)(d)(e)</sup> <br>| 2083 | 2077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bluemountain CLO, Ltd., Series 2014-2, Class CR2, (3-month USD CME Term SOFR + 2.462%) <br> 6.787% 10/20/2030 <sup>(a)(d)(e)</sup> <br>| 700 | 703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyon Capital CLO, Ltd., Series 2021-4A, Class CR, (3-month USD CME Term SOFR + 1.80%) <br> 6.118% 10/15/2034 <sup>(a)(d)(e)</sup> <br>| 886 | 886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cook Park CLO, Ltd., Series 2018-1A, Class B, (3-month USD CME Term SOFR + 1.662%) 5.984% <br> 4/17/2030 <sup>(a)(d)(e)</sup> <br>| 500 | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diameter Capital CLO, Series 2023-5, Class A1, (3-month USD CME Term SOFR + 1.85%) 6.168% <br> 10/15/2036 <sup>(a)(d)(e)</sup> <br>| 1667 | 1667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diameter Capital CLO, Series 2023-5, Class A2, (3-month USD CME Term SOFR + 2.40%) 6.718% <br> 10/15/2036 <sup>(a)(d)(e)</sup> <br>| 1714 | 1715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund, CLO, Series 2022-98, Class D, (3-month USD CME Term SOFR + 3.10%) <br> 7.425% 4/20/2035 <sup>(a)(d)(e)</sup> <br>| 300 | 299 |
| Elmwood CLO 15, Ltd., 7.158% 4/22/2035 (3-month CME Term SOFR + 2.90%) <sup>(a)(d)(e)</sup> <br>| 1400 | 1403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., Series 2019-2A, Class CR, (3-month USD CME Term SOFR + 2.00%) 6.325% <br> 10/20/2032 <sup>(a)(d)(e)</sup> <br>| 1750 | 1755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., CLO, Series 2019-2A, Class DR, (3-month USD CME Term SOFR + 2.85%) <br> 7.175% 10/20/2032 <sup>(a)(d)(e)</sup> <br>| 2120 | 2123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., CLO, Series 2023-1A, Class BR, (3-month USD CME Term SOFR + 1.85%) <br> 6.169% 4/23/2036 <sup>(a)(d)(e)</sup> <br>| 1659 | 1659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit Opportunities CLO, LLC, Series 2025-37A, Class B, (3-month USD CME Term SOFR + <br> 2.60%) 6.874% 7/20/2033 <sup>(a)(d)(e)</sup> <br>| 2000 | 2004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golub Capital Partners Static, Ltd., CLO, Series 2024-1, Class CR, (3-month USD CME Term SOFR + <br> 1.65%) 5.976% 7/20/2035 <sup>(a)(d)(e)</sup> <br>| 750 | 751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harbor Park CLO, Ltd., Series 2018-1, Class D, (3-month USD CME Term SOFR + 3.162%) 7.487% <br> 1/20/2031 <sup>(a)(d)(e)</sup> <br>| 400 | 402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ICG US CLO, Ltd., Series 2016-1A, Class BR3, (3-month USD CME Term SOFR + 1.95%) 6.264% <br> 4/29/2034 <sup>(a)(d)(e)</sup> <br>| 2912 | 2912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown CLO, Ltd., Series 2018-11, Class A2, (3-month USD CME Term SOFR + 1.962%) 6.282% <br> 7/14/2031 <sup>(a)(d)(e)</sup> <br>| 500 | 501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown CLO, Ltd., Series 2021-16A, Class CR, (3-month USD CME Term SOFR + 1.95%) 6.268% <br> 7/25/2034 <sup>(a)(d)(e)</sup> <br>| 740 | 742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown CLO, Ltd., Series 2021-16A, Class DR, (3-month USD CME Term SOFR + 3.05%) 7.368% <br> 7/25/2034 <sup>(a)(d)(e)</sup> <br>| 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marble Point CLO XXIII, Ltd., Series 2021-4, Class C1, (3-month USD CME Term SOFR + 2.862%) <br> 7.194% 1/22/2035 <sup>(a)(d)(e)</sup> <br>| 435 | 436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marble Point CLO, Ltd., Series 2019-2, Class D1R, (3-month USD CME Term SOFR + 3.662%) 7.987% <br> 11/16/2034 <sup>(a)(d)(e)</sup> <br>| 1000 | 1001 |

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American Funds Strategic Bond Fund — Page 44 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Collateralized loan obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwoods Capital, Ltd., Series 2021-25A, Class DR, (3-month USD CME Term SOFR + 2.90%) <br> 6.642% 7/20/2034 <sup>(a)(d)(e)</sup> <br>| USD1,917 | $1917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ocean Trails CLO, Series 2021-11A, Class DR, (3-month USD CME Term SOFR + 3.10%) 7.425% <br> 7/20/2034 <sup>(a)(d)(e)</sup> <br>| 1000 | 998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCP CLO, Ltd., Series 2019-16A, Class AR, (3-month USD CME Term SOFR + 1.262%) 5.59% <br> 4/10/2033 <sup>(a)(d)(e)</sup> <br>| 2871 | 2874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orion CLO, Ltd., Series 2023-1, Class C, (3-month USD CME Term SOFR + 3.25%) 7.568% <br> 10/25/2036 <sup>(a)(d)(e)</sup> <br>| 1400 | 1401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orion CLO, Ltd., Series 2023-1, Class D, (3-month USD CME Term SOFR + 5.15%) 9.468% <br> 10/25/2036 <sup>(a)(d)(e)</sup> <br>| 1703 | 1704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, Ltd., Series 2024-2A, Class C, (3-month USD CME Term SOFR + 2.50%) <br> 6.818% 1/15/2033 <sup>(a)(d)(e)</sup> <br>| 1608 | 1612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parallel, Ltd., Series 2023-1A, Class BR, (3-month USD CME Term SOFR + 2.05%) 6.375% <br>7/20/2036 <sup>(a)(d)(e)</sup> <br>| 409 | 410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Park Avenue Institutional Advisers CLO, Series 2017-AR, Class A2R, (3-month USD CME Term SOFR + <br> 1.812%) 6.045% 2/14/2034 <sup>(a)(d)(e)</sup> <br>| 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PPM CLO 2, Ltd., Series 2019-2, Class CR2, (3-month USD CME Term SOFR + 2.80%) 7.118% <br> 4/16/2037 <sup>(a)(d)(e)</sup> <br>| 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regatta XXIII Funding, Ltd., Series 2021-4, Class A1, (3-month USD CME Term SOFR + 1.412%) <br> 5.737% 1/20/2035 <sup>(a)(d)(e)</sup> <br>| 800 | 802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockford Tower CLO, Ltd., Series 2021-1, Class D, (3-month USD CME Term SOFR + 3.262%) 7.587% <br> 7/20/2034 <sup>(a)(d)(e)</sup> <br>| 1191 | 1194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Romark CLO, Ltd., Series 2018-1, Class A1, (3-month USD CME Term SOFR + 1.292%) 5.617% <br> 4/20/2031 <sup>(a)(d)(e)</sup> <br>| 131 | 131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RRAM, CLO, Series 2021-14, Class A1, (3-month USD CME Term SOFR + 1.382%) 5.699% <br>4/15/2036 <sup>(a)(d)(e)</sup> <br>| 1500 | 1503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-1A, Class DRR, (3-month USD CME Term SOFR + 3.00%) 7.318% <br> 4/15/2032 <sup>(a)(d)(e)</sup> <br>| 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-2A, Class DR, (3-month USD CME Term SOFR + 2.80%) 7.118% <br> 7/15/2032 <sup>(a)(d)(e)</sup> <br>| 2230 | 2201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sycamore Tree CLO, Ltd., Series 2024-5, Class C, (3-month USD CME Term SOFR + 2.75%) 7.075% <br> 4/20/2036 <sup>(a)(d)(e)</sup> <br>| 667 | 667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TICP CLO, Ltd., Series 2018-12, Class DR, (3-month USD CME Term SOFR + 3.562%) 7.879% <br> 7/15/2034 <sup>(a)(d)(e)</sup> <br>| 1000 | 1003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class B1R2, (3-month USD CME Term SOFR + 1.55%) 5.792% <br> 4/25/2033 <sup>(a)(d)(e)</sup> <br>| 1757 | 1763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2020-12A, Class CR2, (3-month USD CME Term SOFR + 1.80%) 6.042% <br> 4/25/2033 <sup>(a)(d)(e)</sup> <br>| 818 | 821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2021-17A, Class B1R, (3-month USD CME Term SOFR + 1.65%) 5.81% <br> 10/20/2034 <sup>(a)(d)(e)</sup> <br>| 1783 | 1786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2021-17A, Class CR, (3-month USD CME Term SOFR + 2.00%) 6.16% <br> 10/20/2034 <sup>(a)(d)(e)</sup> <br>| 2537 | 2537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trysail CLO, Ltd., Series 2021-1, Class C, (3-month USD CME Term SOFR + 2.662%) 6.987% <br> 7/20/2032 <sup>(a)(d)(e)</sup> <br>| 1500 | 1505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valley Stream Park CLO, Ltd., Series 2022-1A, Class ARR, (3-month USD CME Term SOFR + 1.19%) <br> 5.515% 1/20/2037 <sup>(a)(d)(e)</sup> <br>| 20000 | 19999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vibrant CLO, Ltd., Series 2021-12A, Class BRR, (3-month USD CME Term SOFR + 1.95%) 6.101% <br> 4/20/2034 <sup>(a)(d)(e)</sup> <br>| 878 | 878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Voya CLO, Ltd., Series 2018-3, Class CR2, (3-month USD CME Term SOFR + 2.35%) 6.668% <br> 10/15/2031 <sup>(a)(d)(e)</sup> <br>| 2000 | 2000 |

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American Funds Strategic Bond Fund — Page 45 of 58

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br> **Collateralized loan obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wellfleet CLO, Ltd., Series 2021-1A, Class CR, (3-month USD CME Term SOFR + 2.15%) 6.475% <br> 4/20/2034 <sup>(a)(d)(e)</sup> <br>| USD1,500 | $1503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wind River CLO, Ltd., Series 2021-2A, Class CR, (3-month USD CME Term SOFR + 2.00%) 6.012% <br> 7/20/2034 <sup>(a)(d)(e)</sup> <br>| 1846 | 1846 |
|  |  | 88083 |
| **Student loan 0.24%** |  |  |
| Navient Education Loan Trust, Series 2025-A, Class A, 5.02% 7/15/2055 <sup>(a)(e)</sup> <br>| 504 | 509 |
| Navient Education Loan Trust, Series 2025-A, Class B, 5.32% 7/15/2055 <sup>(a)(e)</sup> <br>| 601 | 607 |
| Navient Education Loan Trust, Series 2025-A, Class C, 5.53% 7/15/2055 <sup>(a)(e)</sup> <br>| 572 | 578 |
| Navient Education Loan Trust, Series 2025-A, Class D, 6.03% 7/15/2055 <sup>(a)(e)</sup> <br>| 429 | 433 |
| Nelnet Student Loan Trust, Series 2021-CA, Class C, 3.36% 4/20/2062 <sup>(a)(e)</sup> <br>| 5313 | 4594 |
| Nelnet Student Loan Trust, Series 2021-CA, Class D, 4.44% 4/20/2062 <sup>(a)(e)</sup> <br>| 11333 | 9788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prodigy Finance DAC, Series 2021-1A, Class A, (1-month USD CME Term SOFR + 1.364%) 5.522% <br> 7/25/2051 <sup>(a)(d)(e)</sup> <br>| 378 | 378 |
| SMB Private Education Loan Trust, Series 2023-C, Class B, 6.36% 11/15/2052 <sup>(a)(e)</sup> <br>| 455 | 477 |
| SMB Private Education Loan Trust, Series 2021-A, Class D1, 3.86% 1/15/2053 <sup>(a)(e)</sup> <br>| 1186 | 1083 |
| SMB Private Education Loan Trust, Series 2021-A, Class D2, 3.86% 1/15/2053 <sup>(a)(e)</sup> <br>| 1186 | 1083 |
| SMB Private Education Loan Trust, Series 2025-B, Class D, 6.63% 3/17/2053 <sup>(a)(e)</sup> <br>| 935 | 954 |
| SMB Private Education Loan Trust, Series 2023-D, Class D, 8.87% 9/15/2053 <sup>(a)(e)</sup> <br>| 2106 | 2292 |
| SMB Private Education Loan Trust, Series 2025-A, Class A1A, 5.13% 4/15/2054 <sup>(a)(e)</sup> <br>| 5696 | 5806 |
| SMB Private Education Loan Trust, Series 2022-A, Class D, 4.75% 11/16/2054 <sup>(a)(e)</sup> <br>| 2065 | 1963 |
| SMB Private Education Loan Trust, Series 2022-B, Class D, 5.95% 2/16/2055 <sup>(a)(e)</sup> <br>| 2574 | 2610 |
| SMB Private Education Loan Trust, Series 2024-A, Class D, 8.22% 3/15/2056 <sup>(a)(e)</sup> <br>| 7896 | 8578 |
| SMB Private Education Loan Trust, Series 2023-B, Class D, 7.56% 10/16/2056 <sup>(a)(e)</sup> <br>| 5000 | 5195 |
| SMB Private Education Loan Trust, Series 2022-D, Class D, 7.23% 10/15/2058 <sup>(a)(e)</sup> <br>| 2803 | 2869 |
|  |  | 49797 |
| **Credit card 0.21%** |  |  |
| Avant Credit Card Master Trust, Series 2024-2A, Class A, 5.38% 5/15/2029 <sup>(a)(e)</sup> <br>| 2132 | 2137 |
| Avant Credit Card Master Trust, Series 2024-2A, Class D, 8.98% 5/15/2029 <sup>(a)(e)</sup> <br>| 7000 | 7090 |
| Brex Commercial Charge Card Master Trust, Series 2024-1, Class A1, 6.05% 7/15/2027 <sup>(a)(e)</sup> <br>| 605 | 609 |
| Brex Commercial Charge Card Master Trust, Series 2024-1, Class A2, 6.68% 7/15/2027 <sup>(a)(e)</sup> <br>| 2166 | 2175 |
| Evergreen Credit Card Trust, Series 2025-CRT5, Class B, 5.24% 5/15/2029 <sup>(a)(e)</sup> <br>| 134 | 136 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029 <sup>(a)(e)</sup> <br>| 322 | 325 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class B, 6.59% 8/15/2029 <sup>(a)(e)</sup> <br>| 318 | 320 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class E, 13.69% 8/15/2029 <sup>(a)(e)</sup> <br>| 5000 | 5078 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class A, 4.78% 12/16/2030 <sup>(a)(e)</sup> <br>| 1151 | 1155 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class C, 5.37% 12/16/2030 <sup>(a)(e)</sup> <br>| 344 | 345 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class D, 5.71% 12/16/2030 <sup>(a)(e)</sup> <br>| 346 | 347 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class E, 7.66% 12/16/2030 <sup>(a)(e)</sup> <br>| 8000 | 8025 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class F, 10.55% 12/16/2030 <sup>(a)(e)</sup> <br>| 4000 | 4012 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class A, 5.06% 9/15/2031 <sup>(a)(e)</sup> <br>| 4639 | 4652 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class B, 5.21% 9/15/2031 <sup>(a)(e)</sup> <br>| 1326 | 1331 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class C, 5.41% 9/15/2031 <sup>(a)(e)</sup> <br>| 887 | 890 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class D, 5.80% 9/15/2031 <sup>(a)(e)</sup> <br>| 1461 | 1466 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class F, 11.21% 9/15/2031 <sup>(a)(e)</sup> <br>| 4000 | 4040 |
|  |  | 44133 |
| **Total asset-backed obligations** |  | 1056695 |

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American Funds Strategic Bond Fund — Page 46 of 58

------

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Municipals 1.58%**<br> **California 0.18%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-A-1, <br> 3.487% 6/1/2036  | USD4,470 | $3808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-A-1, <br> 3.714% 6/1/2041  | 6710 | 5271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Fin. Auth., Community Facs. Dist. No. 2022-27 (City of Chula Vista - Sunbow), Special Tax Bonds, Series <br> 2024-A-T, 7.25% 9/1/2039  | 2275 | 2291 |
| Regents of the University of California, General Rev. Bonds, Series 2020-BG, 1.316% 5/15/2027  | 5400 | 5203 |
| Regents of the University of California, General Rev. Bonds, Series 2020-BG, 1.614% 5/15/2030  | 6450 | 5840 |
| Regents of the University of California, General Rev. Bonds, Series 2023-BR, 5.10% 5/15/2033  | 13795 | 14445 |
|  |  | 36858 |
| **Florida 0.07%** |  |  |
| Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 2.154% 7/1/2030  | 14910 | 13650 |
| **Illinois 0.13%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2010-C, 6.319% 11/1/<br> 2029  | 555 | 550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2009-E, 6.138% 12/1/<br> 2039  | 2645 | 2517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2010-D, 6.519% 12/1/<br> 2040  | 960 | 918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2017-A, <br>7.00% 12/1/2046 <sup>(e)</sup>  | 1780 | 1813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Board of Education, Unlimited Tax GO Bonds (Qualified School Construction Bonds), Series <br> 2009-G, 1.75% 12/15/2025  | 19120 | 18983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, School Reform Board of Trustees of the Board of Education, Unlimited Tax GO Bonds <br> (Dedicated Tax Rev.), Series 2016-A, 7.00% 12/1/2044  | 100 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, CAB, Series 2017-A, <br> AGI, 0% 12/15/2056  | 13690 | 2902 |
|  |  | 27783 |
| **Massachusetts 0.15%** |  |  |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2024-A, 6.352% 7/1/2049  | 30470 | 31658 |
| **New Jersey 0.00%** |  |  |
| Econ. Dev. Auth., State Pension Funding Bonds, Series 1997-A, NATL, 7.425% 2/15/2029  | 987 | 1038 |
| **New York 0.28%** |  |  |
| New York City GO Bonds, Fiscal 2025, Series 2025-H, 6.291% 2/1/2045  | 17955 | 19171 |
| New York City GO Bonds, Fiscal 2025, Series 2025-H, 6.385% 2/1/2055  | 35910 | 38419 |
|  |  | 57590 |
| **Ohio 0.21%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care Center Project), Series <br> 2021, 4.425% 5/1/2031  | 47110 | 42493 |
| **Puerto Rico 0.27%** |  |  |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2017 <sup>(m)</sup>  | 60 | 41 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 4.25% 7/1/2018 <sup>(m)</sup>  | 145 | 99 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 5.00% 7/1/2018 <sup>(m)(n)</sup>  | 700 | 479 |

---

American Funds Strategic Bond Fund — Page 47 of 58

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Municipals (continued)**<br> **Puerto Rico (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Electric Power Auth., Power Rev. Bonds, Series 2003-NN, 5.50% 7/1/2020 <sup>(m)</sup>  | USD90 | $62 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2021 <sup>(m)</sup>  | 1415 | 969 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-AAA, 5.25% 7/1/2021 <sup>(m)</sup>  | 2000 | 1370 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2023 <sup>(m)</sup>  | 140 | 96 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-DDD, 5.00% 7/1/2023 <sup>(m)</sup>  | 1595 | 1093 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-CCC, 5.00% 7/1/2024 <sup>(m)</sup>  | 550 | 377 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-XX, 4.625% 7/1/2025 <sup>(m)</sup>  | 65 | 45 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-XX, 4.75% 7/1/2026 <sup>(m)</sup>  | 80 | 55 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 5.00% 7/1/2026 <sup>(m)</sup>  | 45 | 31 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-CCC, 5.25% 7/1/2026 <sup>(m)</sup>  | 155 | 107 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 5.25% 7/1/2026 <sup>(m)</sup>  | 2975 | 2045 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 4.75% 7/1/2027 <sup>(m)</sup>  | 485 | 333 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-CCC, 4.80% 7/1/2028 <sup>(m)</sup>  | 1680 | 1155 |
| Electric Power Auth., Power Rev. Bonds, Series 2008-WW, 5.00% 7/1/2028 <sup>(m)</sup>  | 425 | 292 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2032 <sup>(m)</sup>  | 1240 | 852 |
| Electric Power Auth., Power Rev. Bonds, Series 2008-WW, 5.25% 7/1/2033 <sup>(m)</sup>  | 4650 | 3197 |
| Electric Power Auth., Power Rev. Bonds, Series 2013-A, 6.75% 7/1/2036 <sup>(m)</sup>  | 490 | 337 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2037 <sup>(m)</sup>  | 495 | 340 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-XX, 5.25% 7/1/2040 <sup>(m)</sup>  | 2640 | 1815 |
| Electric Power Auth., Power Rev. Bonds, Series 2012-A, 5.00% 7/1/2042 <sup>(m)</sup>  | 825 | 567 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2007-UU, AGI, 3.469% 7/1/2017 <sup>(m)</sup>  | 4630 | 3172 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2010-DDD, 3.625% 7/1/2021 <sup>(m)</sup>  | 20 | 14 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2010-DDD, 5.00% 7/1/2021 <sup>(m)</sup>  | 525 | 360 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2010-DDD, 5.00% 7/1/2022 <sup>(m)</sup>  | 4865 | 3332 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2008-WW, 5.50% 7/1/2038 <sup>(m)</sup>  | 1795 | 1234 |
| GO Restructured Bonds, Series 2022-A-1, 5.625% 7/1/2027  | 1264 | 1308 |
| GO Restructured Bonds, Series 2022-A-1, 5.625% 7/1/2029  | 1243 | 1330 |
| GO Restructured Bonds, Series 2022-A-1, 5.75% 7/1/2031  | 1207 | 1339 |
| GO Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2033  | 1145 | 1133 |
| GO Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2035  | 1029 | 1005 |
| GO Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2037  | 883 | 839 |
| GO Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2041  | 1201 | 1077 |
| GO Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2046  | 1249 | 1079 |
| GO Restructured Bonds, CAB, Series 2022-A-1, 0% 7/1/2033  | 1473 | 1054 |
| GO Taxable Bonds, Series 2022, 0% 11/1/2043 <sup>(d)</sup>  | 4724 | 3130 |
| Sales Tax Fncg. Corp., Sales Tax Rev. Restructured Bonds, CAB, Series 2018-A-1, 0% 7/1/2046  | 50777 | 17340 |
|  |  | 54503 |
| **Texas 0.01%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazoria County Industrial Dev. Corp., Solid Waste Disposal Facs. Rev. Bonds (Aleon Renewable Metals, LLC <br> Project), Series 2023, AMT, 12.00% 6/1/2043 <sup>(e)</sup>  | 7745 | 1781 |
| **Washington 0.12%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Fin. Auth., Environmental Facs. Rev. Bonds (North Pacific Paper Co. Recycling Project), Series 2020-B, <br> 9.00% 12/1/2036 <sup>(e)</sup>  | 23800 | 24856 |
| **Wisconsin 0.16%** |  |  |
| Public Fin. Auth., Certs. of Part. (Legacy Hills Capital Recovery Fee Projects), Series 2021, 0% 12/17/2061  | 11375 | 11375 |
| Public Fin. Auth., Federal Lease Rev. Bonds (Fort Sam Acquisition Fncg.), Series 2022, 4.95% 3/1/2034  | 21585 | 21366 |
|  |  | 32741 |
| **Total municipals** |  | 324951 |

---

American Funds Strategic Bond Fund — Page 48 of 58

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Supranational debt 0.31%**<br> **Financials 0.31%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| European Union 3.75% 10/12/2045  | EUR54,590 | $63439 |
| **Federal agency bonds & notes 0.27%** |  |  |
| Fannie Mae 0.875% 8/5/2030 <sup>(k)</sup>  | USD19,166 | 16743 |
| Korea Housing Finance Corp. 4.625% 2/24/2028 <sup>(e)</sup>  | 14900 | 15104 |
| Tennessee Valley Authority 4.375% 8/1/2034  | 23053 | 23323 |
|  |  | 55170 |
| **Total bonds, notes & other debt instruments** (cost: $18,525,127,000) |  | 18139164 |
| Convertible bonds & notes 0.04%<br> **Information technology 0.04%**<br>|  |  |
| Microstrategy, Inc., convertible notes, 0% 12/1/2029 <sup>(e)</sup>  | 9268 | 8330 |
| **Total convertible bonds & notes** (cost: $7,743,000) |  | 8330 |
| Common stocks 0.02%<br> **Consumer discretionary 0.02%**<br>| Shares |  |
| Aimbridge Topco, LLC <sup>(g)(n)</sup>  | 37845 | 2930 |
| NMG Parent, LLC <sup>(g)(n)</sup>  | 967 | — <br><sup>(b)</sup><br>|
|  |  | 2930 |
| **Energy 0.00%** |  |  |
| New Fortress Energy, Inc., Class A <sup>(n)</sup>  | 327772 | 725 |
| **Health care 0.00%** |  |  |
| Endo, LP, Class A1 <sup>(e)(n)</sup>  | 314185 | 200 |
| Endo, LP, nonvoting shares <sup>(g)(n)</sup>  | 6350000 | — <br><sup>(b)</sup><br>|
|  |  | 200 |
| **Total common stocks** (cost: $7,875,000) |  | 3855 |
| Short-term securities 14.17%<br> **Money market investments 14.17%**<br>|  |  |
| Capital Group Central Cash Fund 4.17% <sup>(o)(p)</sup>  | 29106505 | 2910650 |
| **Total short-term securities** (cost: $2,910,661,000) |  | 2910650 |
| Options purchased (equity style) 0.00% |  |  |
| Options purchased (equity style)\* |  | 1163 |
| **Total options purchased (equity style)** (cost: $13,894,000) |  | 1163 |
| **Total investment securities 102.52%** (cost: $21,465,300,000) |  | 21063162 |
| Other assets less liabilities (2.52)% |  | (518337)<br>|
| **Net assets 100.00%** |  | $20544825 |

---

American Funds Strategic Bond Fund — Page 49 of 58

------

**unaudited**

<sup>\*</sup>Options purchased (equity style)

------

**Options on futures** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Call** |  |  |  |  |  |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD96.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD1,153,500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $317 |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1153500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86 |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1153750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $474 |
| **Put** |  |  |  |  |  |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD95.69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD27,550,250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $689 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1163 |

---

Futures contracts

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 30 Day Federal Funds Futures | Long | 22975 | 11/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD9,183,076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(2903)<br>|
| 3 Month Euro EURIBOR Futures | Short | 6945 | 12/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1997166)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299 |
| 3 Month SOFR Futures | Long | 11650 | 12/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2794762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5417)<br>|
| 3 Month SOFR Futures | Short | 4040 | 3/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (972781)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (681)<br>|
| 3 Month CORRA Futures | Long | 10386 | 6/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1824005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6624 |
| 3 Month SOFR Futures | Short | 1187 | 6/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (286379)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477 |
| 2 Year Euro-Schatz Futures | Long | 8589 | 12/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1078777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1438)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 91863 | 1/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19144106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6168 |
| 5 Year Euro-Bobl Futures | Long | 2743 | 12/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (470)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 11017 | 1/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1203005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (945)<br>|
| 10 Year Euro-Bund Futures | Long | 3270 | 12/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 493599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565 |
| 10 Year Italy Government Bond Futures | Short | 3887 | 12/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (546894)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5957)<br>|
| 10 Year French Government Bond Futures | Short | 5552 | 12/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (790999)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87 |
| 10 Year Japanese Government Bond Futures | Short | 1484 | 12/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1362629)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9814 |
| 10 Year U.S. Treasury Note Futures | Short | 17341 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1950862)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2667 |
| 10 Year Ultra U.S. Treasury Note Futures | Short | 19372 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2229293)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19372)<br>|
| 20 Year U.S. Treasury Note Futures | Long | 5610 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 654091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14941 |
| 30 Year Euro-Buxl Futures | Short | 2279 | 12/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (306310)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4203)<br>|
| 30 Year Ultra U.S. Treasury Bond Futures | Short | 2925 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (351183)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5228)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(4972)<br>|

---

Forward currency contracts

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased <br>(000) | Currency purchased <br>(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| AUD | 376411 | USD | 248237 | HSBC Bank | 10/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $861 |
| USD | 45969 | AUD | 69636 | HSBC Bank | 10/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (114)<br>|
| USD | 78298 | AUD | 118569 | Citibank | 10/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (168)<br>|

---

American Funds Strategic Bond Fund — Page 50 of 58

------

**unaudited**

Forward currency contracts (continued)

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp;&nbsp; Settlement<br> date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 9/30/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased<br> (000) | Currency purchased<br> (000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp;&nbsp; Settlement<br> date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 9/30/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| USD | 203509 | SEK | 1906738 | Bank of America | 10/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $865 |
| USD | 312759 | PLN | 1134981 | UBS AG | 10/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 528 |
| JPY | 369842 | USD | 2496 | JPMorgan Chase | 10/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| USD | 4619 | SGD | 5945 | Bank of America | 10/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| ZAR | 453437 | USD | 26290 | Goldman Sachs | 10/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (48)<br>|
| USD | 51646 | ZAR | 906875 | Goldman Sachs | 10/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (837)<br>|
| USD | 32543 | MXN | 612004 | Goldman Sachs | 10/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (847)<br>|
| SEK | 953247 | USD | 102229 | Morgan Stanley | 10/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (920)<br>|
| USD | 8673 | EUR | 7380 | Citibank | 10/9/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 |
| BRL | 189562 | USD | 35754 | Citibank | 10/9/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (217)<br>|
| USD | 69015 | BRL | 379123 | JPMorgan Chase | 10/9/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2058)<br>|
| USD | 124458 | GBP | 92040 | Citibank | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 666 |
| USD | 39103 | GBP | 29065 | HSBC Bank | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 |
| USD | 7121 | EUR | 6064 | Citibank | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| GBP | 242211 | USD | 327799 | Morgan Stanley | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2029)<br>|
| USD | 98591 | PHP | 5657959 | JPMorgan Chase | 10/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1647 |
| CLP | 74789700 | USD | 77679 | Morgan Stanley | 10/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117 |
| BRL | 661355 | USD | 124632 | Citibank | 10/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (813)<br>|
| INR | 25373560 | USD | 287535 | HSBC Bank | 10/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2165)<br>|
| PHP | 11315918 | USD | 197893 | Citibank | 10/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4004)<br>|
| USD | 242678 | BRL | 1326267 | JPMorgan Chase | 10/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5626)<br>|
| USD | 212424 | THB | 6724819 | UBS AG | 10/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4973 |
| USD | 212940 | THB | 6742739 | Citibank | 10/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4936 |
| USD | 202238 | CAD | 277681 | Citibank | 10/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2547 |
| EUR | 163800 | GBP | 141999 | Morgan Stanley | 10/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1514 |
| USD | 200880 | CAD | 277681 | BNP Paribas | 10/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1189 |
| THB | 640772 | USD | 20136 | JPMorgan Chase | 10/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (369)<br>|
| USD | 41981 | JPY | 6120737 | Morgan Stanley | 10/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 497 |
| JPY | 8654900 | EUR | 49946 | BNP Paribas | 10/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (57)<br>|
| USD | 305974 | CNH | 2170666 | Bank of New York Mellon | 10/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949 |
| USD | 50513 | JPY | 7537791 | Morgan Stanley | 10/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (586)<br>|
| USD | 208616 | EUR | 177096 | Morgan Stanley | 10/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 387 |
| USD | 74762 | GBP | 55283 | Citibank | 10/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 |
| USD | 48313 | CNH | 342834 | Citibank | 10/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120 |
| USD | 54908 | JPY | 8082861 | BNP Paribas | 10/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81 |
| USD | 23489 | GBP | 17458 | HSBC Bank | 10/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 |
| EUR | 5083 | MXN | 110000 | Goldman Sachs | 10/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11)<br>|
| INR | 4273517 | USD | 48049 | JPMorgan Chase | 10/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26)<br>|
| USD | 86138 | PLN | 313302 | Citibank | 10/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27)<br>|
| CZK | 3961246 | USD | 191915 | Citibank | 10/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (741)<br>|
| USD | 128705 | MXN | 2378864 | Morgan Stanley | 10/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (798)<br>|
| BRL | 759000 | USD | 142601 | Citibank | 10/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (990)<br>|
| CLP | 146359363 | USD | 153882 | HSBC Bank | 10/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1630)<br>|
| KRW | 68676868 | USD | 48787 | Citibank | 10/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186 |
| COP | 581088632 | USD | 148569 | UBS AG | 10/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (957)<br>|
| USD | 96545 | EUR | 81980 | UBS AG | 11/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(3456)<br>|

---

American Funds Strategic Bond Fund — Page 51 of 58

------

**unaudited**

Swap contracts

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Expiration <br>date | Notional <br>amount <br>(000) | Value at <br>9/30/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 9/30/2025 <br>(000) |
| Rate | Payment <br>frequency<br>| Rate | Payment <br>frequency<br>| Expiration <br>date | Notional <br>amount <br>(000) | Value at <br>9/30/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 9/30/2025 <br>(000) |
| 5.018% | Annual | SOFR | Annual | 10/2/2025 | USD288,880 | $5 | $— | $5 |
| (0.445)% | Annual | 6-month EURIBOR | Semi-annual | 12/3/2025 | EUR448,100 | (2281)<br>|  | (2281)<br>|
| (0.452)% | Annual | 6-month EURIBOR | Semi-annual | 12/3/2025 | 448100 | (2287)<br>|  | (2287)<br>|
| 4.2035% | Annual | SOFR | Annual | 1/10/2026 | USD371,166 | 137 |  | 137 |
| 4.184% | Annual | SOFR | Annual | 1/10/2026 | 371166 | 118 |  | 118 |
| 4.2045% | Annual | SOFR | Annual | 1/10/2026 | 19369 | 7 |  | 7 |
| 4.56% | Annual | SOFR | Annual | 3/1/2026 | 1316500 | 3203 |  | 3203 |
| 4.568% | Annual | SOFR | Annual | 3/1/2026 | 1293850 | 3190 |  | 3190 |
| 4.28066% | Annual | SOFR | Annual | 3/31/2026 | 1038500 | 1868 |  | 1868 |
| 4.26959% | Annual | SOFR | Annual | 3/31/2026 | 503400 | 879 |  | 879 |
| 4.659% | Annual | SOFR | Annual | 5/17/2026 | 2287900 | 11577 |  | 11577 |
| SOFR | Annual | 4.5265% | Annual | 6/18/2026 | 575078 | (2960)<br>|  | (2960)<br>|
| SOFR | Annual | 4.528% | Annual | 6/18/2026 | 574958 | (2966)<br>|  | (2966)<br>|
| SOFR | Annual | 4.5335% | Annual | 6/18/2026 | 1149965 | (5975)<br>|  | (5975)<br>|
| TONAR | Annual | (0.01246731)% | Annual | 10/1/2026 | JPY1,442,100 | 77 |  | 77 |
| 3.5405% | Annual | SOFR | Annual | 1/23/2027 | USD990,100 | 87 |  | 87 |
| 3.535% | Annual | SOFR | Annual | 1/23/2027 | 1289500 | 23 |  | 23 |
| 3.53% | Annual | SOFR | Annual | 1/23/2027 | 719100 | (33)<br>|  | (33)<br>|
| 3.481% | Annual | SOFR | Annual | 1/29/2027 | 537700 | (342)<br>|  | (342)<br>|
| 3.4615% | Annual | SOFR | Annual | 1/29/2027 | 1075400 | (953)<br>|  | (953)<br>|
| SOFR | Annual | 4.186% | Annual | 2/18/2027 | 2391850 | (21485)<br>|  | (21485)<br>|
| 3.7645% | Annual | SOFR | Annual | 2/20/2027 | 1124350 | 3826 |  | 3826 |
| 3.761% | Annual | SOFR | Annual | 2/20/2027 | 562850 | 1889 |  | 1889 |
| 2.578% | Semi-annual | Bank of Canada Overnight Repo | Semi-annual | 6/17/2027 | CAD1,029,700 | 3196 |  | 3196 |
| 2.602% | Semi-annual | Bank of Canada Overnight Repo | Semi-annual | 6/18/2027 | 125770 | 427 |  | 427 |
| 1.988% | Annual | 6-month EURIBOR | Semi-annual | 6/27/2027 | EUR1,211,700 | (3449)<br>|  | (3449)<br>|
| 6-month PLN-WIBOR | Semi-annual | 4.1575% | Annual | 9/9/2027 | PLN2,700,000 | (926)<br>|  | (926)<br>|
| 3.5325% | Annual | 6-month CZK-PRIBOR | Semi-annual | 9/9/2027 | CZK15,300,000 | (2150)<br>|  | (2150)<br>|
| 3.6475% | Annual | SOFR | Annual | 2/27/2028 | USD1,407,200 | 11098 |  | 11098 |
| TONAR | Annual | 0.71306% | Annual | 4/9/2028 | JPY107,113,604 | 3637 |  | 3637 |
| TONAR | Annual | 0.715% | Annual | 4/9/2028 | 107113604 | 3623 |  | 3623 |
| TONAR | Annual | 0.73% | Annual | 4/19/2028 | 44375636 | 1462 |  | 1462 |
| TONAR | Annual | 0.73% | Annual | 4/21/2028 | 32899178 | 1086 |  | 1086 |
| U.S. EFFR | Annual | 2.438% | Annual | 1/11/2029 | USD44,000 | 1151 |  | 1151 |
| SOFR | Annual | 3.528% | Annual | 1/29/2030 | 192800 | (1315)<br>|  | (1315)<br>|
| SOFR | Annual | 3.529% | Annual | 1/29/2030 | 236000 | (1620)<br>|  | (1620)<br>|
| SOFR | Annual | 3.5485% | Annual | 1/29/2030 | 256250 | (1959)<br>|  | (1959)<br>|
| 3.18% | Annual | SOFR | Annual | 4/17/2030 | 83050 | (644)<br>|  | (644)<br>|
| 3.275% | Annual | SOFR | Annual | 4/18/2030 | 83050 | (314)<br>|  | (314)<br>|
| 3.353% | Annual | SOFR | Annual | 4/19/2030 | 83050 | (42)<br>|  | (42)<br>|
| 3.342% | Annual | SOFR | Annual | 4/19/2030 | 83050 | (80)<br>|  | (80)<br>|
| 3.344% | Annual | SOFR | Annual | 4/20/2030 | 83100 | (75)<br>|  | (75)<br>|
| 3.128% | Annual | SOFR | Annual | 4/28/2030 | 83100 | (835)<br>|  | (835)<br>|
| 3.285% | Annual | SOFR | Annual | 5/1/2030 | 83100 | (285)<br>|  | (285)<br>|
| 3.259% | Annual | SOFR | Annual | 5/1/2030 | 83150 | (376)<br>|  | (376)<br>|
| 3.186% | Annual | SOFR | Annual | 5/9/2030 | 83150 | (638)<br>|  | (638)<br>|
| 3.215% | Annual | SOFR | Annual | 5/10/2030 | 83150 | (536)<br>|  | (536)<br>|
| 6-month EURIBOR | Semi-annual | 2.2862% | Annual | 5/14/2030 | EUR56,030 | 212 |  | 212 |

---

American Funds Strategic Bond Fund — Page 52 of 58

------

**unaudited**

Swap contracts (continued)

------

**Interest rate swaps (continued)**

**Centrally cleared interest rate swaps (continued)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Expiration<br> date | Notional<br> amount<br> (000) | Value at<br> 9/30/2025<br> (000) | Upfront<br> premium<br> paid<br> (received)<br> (000) | Unrealized<br> appreciation<br> (depreciation)<br> at 9/30/2025<br> (000) |
| Rate | Payment<br> frequency<br>| Rate | Payment<br> frequency<br>| Expiration<br> date | Notional<br> amount<br> (000) | Value at<br> 9/30/2025<br> (000) | Upfront<br> premium<br> paid<br> (received)<br> (000) | Unrealized<br> appreciation<br> (depreciation)<br> at 9/30/2025<br> (000) |
| 6-month EURIBOR | Semi-annual | 2.2892% | Annual | 5/14/2030 | EUR56,030 | $204 | $— | $204 |
| 6-month EURIBOR | Semi-annual | 2.2967% | Annual | 5/14/2030 | 56030 | 182 |  | 182 |
| 3.95% | Annual | 6-month NOK-NIBOR | Semi-annual | 5/14/2030 | NOK693,000 | (370)<br>|  | (370)<br>|
| 3.945% | Annual | 6-month NOK-NIBOR | Semi-annual | 5/14/2030 | 1386000 | (770)<br>|  | (770)<br>|
| 6-month EURIBOR | Semi-annual | 2.3102% | Annual | 5/16/2030 | EUR56,720 | 149 |  | 149 |
| 6-month EURIBOR | Semi-annual | 2.3207% | Annual | 5/16/2030 | 56720 | 119 |  | 119 |
| 6-month EURIBOR | Semi-annual | 2.3262% | Annual | 5/16/2030 | 56720 | 103 |  | 103 |
| 4.045% | Annual | 6-month NOK-NIBOR | Semi-annual | 5/16/2030 | NOK693,000 | (100)<br>|  | (100)<br>|
| 4.0315% | Annual | 6-month NOK-NIBOR | Semi-annual | 5/16/2030 | 1386100 | (278)<br>|  | (278)<br>|
| 6-month EURIBOR | Semi-annual | 2.3267% | Annual | 5/19/2030 | EUR56,500 | 104 |  | 104 |
| 6-month EURIBOR | Semi-annual | 2.3327% | Annual | 5/19/2030 | 56500 | 86 |  | 86 |
| 4.0485% | Annual | 6-month NOK-NIBOR | Semi-annual | 5/19/2030 | NOK1,386,000 | (184)<br>|  | (184)<br>|
| 3.29% | Annual | SOFR | Annual | 5/19/2030 | USD99,650 | (331)<br>|  | (331)<br>|
| 6-month NOK-NIBOR | Semi-annual | 3.83% | Annual | 6/26/2030 | NOK2,330,510 | 2438 |  | 2438 |
| 2.2308% | Annual | 6-month EURIBOR | Semi-annual | 6/26/2030 | EUR190,140 | (1335)<br>|  | (1335)<br>|
| 3.785% | Annual | SONIA | Annual | 9/16/2030 | GBP274,520 | (963)<br>|  | (963)<br>|
| 3.788% | Annual | SONIA | Annual | 9/18/2030 | 278800 | (932)<br>|  | (932)<br>|
| 3.822% | Annual | SONIA | Annual | 9/19/2030 | 188630 | (248)<br>|  | (248)<br>|
| 3.804% | Annual | SONIA | Annual | 9/19/2030 | 188630 | (451)<br>|  | (451)<br>|
| U.S. EFFR | Annual | 0.666% | Annual | 11/19/2030 | USD153,800 | 19257 |  | 19257 |
| Overnight MXN-F-TIIE | 28-day | 8.83% | 28-day | 1/27/2031 | MXN744,450 | (2650)<br>|  | (2650)<br>|
| SOFR | Annual | 3.326% | Annual | 9/19/2032 | USD925,968 | 9077 |  | 9077 |
| SOFR | Annual | 3.4225% | Annual | 9/22/2032 | 927801 | 3572 |  | 3572 |
| SOFR | Annual | 3.10% | Annual | 6/20/2033 | 45150 | 1309 |  | 1309 |
| SOFR | Annual | 3.175% | Annual | 2/1/2038 | 10350 | 571 |  | 571 |
| 3.095% | Annual | SOFR | Annual | 9/27/2048 | 13750 | (1839)<br>|  | (1839)<br>|
| U.S. EFFR | Annual | 0.6193% | Annual | 4/6/2050 | 12600 | 6542 |  | 6542 |
| U.S. EFFR | Annual | 0.60602% | Annual | 4/6/2050 | 5800 | 3023 |  | 3023 |
| U.S. EFFR | Annual | 0.616917% | Annual | 4/6/2050 | 5200 | 2702 |  | 2702 |
| SOFR | Annual | 3.02% | Annual | 1/12/2053 | 118900 | 18661 |  | 18661 |
| SOFR | Annual | 3.01413% | Annual | 1/12/2053 | 59462 | 9391 |  | 9391 |
| SOFR | Annual | 2.974% | Annual | 4/17/2053 | 26100 | 4312 |  | 4312 |
| SOFR | Annual | 3.044% | Annual | 4/18/2053 | 26350 | 4043 |  | 4043 |
| SOFR | Annual | 3.0875% | Annual | 4/19/2053 | 26300 | 3842 |  | 3842 |
| SOFR | Annual | 3.1035% | Annual | 4/19/2053 | 26250 | 3764 |  | 3764 |
| SOFR | Annual | 3.0895% | Annual | 4/20/2053 | 26300 | 3833 |  | 3833 |
| SOFR | Annual | 2.9405% | Annual | 4/28/2053 | 26250 | 4486 |  | 4486 |
| SOFR | Annual | 3.0535% | Annual | 5/1/2053 | 52550 | 7981 |  | 7981 |
| SOFR | Annual | 3.085% | Annual | 5/9/2053 | 26550 | 3892 |  | 3892 |
| SOFR | Annual | 3.1135% | Annual | 5/10/2053 | 26400 | 3743 |  | 3743 |
| SOFR | Annual | 3.1605% | Annual | 5/19/2053 | 31750 | 4251 |  | 4251 |
| SOFR | Annual | 3.6765% | Annual | 2/20/2054 | 102692 | 4770 |  | 4770 |
| SOFR | Annual | 3.6815% | Annual | 2/20/2054 | 98500 | 4491 |  | 4491 |
| SOFR | Annual | 3.7205% | Annual | 2/21/2054 | 82208 | 3199 |  | 3199 |
| SOFR | Annual | 3.6745% | Annual | 2/28/2054 | 114450 | 5354 |  | 5354 |
|  |  |  |  |  |  | $127252 | $— | $127252 |

---

American Funds Strategic Bond Fund — Page 53 of 58

------

**unaudited**

Swap contracts (continued)

------

**Interest rate swaps (continued)**

**Bilateral interest rate swaps** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Counterparty | Expiration <br>date | Notional <br>amount <br>(000) | Value at <br>9/30/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 9/30/2025 <br>(000) |
| Rate | Payment <br>frequency<br>| Rate | Payment <br>frequency<br>| Counterparty | Expiration <br>date | Notional <br>amount <br>(000) | Value at <br>9/30/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 9/30/2025 <br>(000) |
| 12% | At maturity | BZDIOVER | At maturity | Barclays Bank <br> PLC<br>| 1/4/2027 | BRL1,114,636 | $(7498)<br>| $— | $(7498)<br>|
| 12.03167% | At maturity | BZDIOVER | At maturity | Barclays Bank <br> PLC<br>| 1/4/2027 | 1794083 | (11795)<br>|  | (11795)<br>|
| 11.49% | At maturity | BZDIOVER | At maturity | Goldman Sachs | 1/4/2027 | 3611800 | (32897)<br>|  | (32897)<br>|
| 12.4875% | At maturity | BZDIOVER | At maturity | BNP Paribas | 1/2/2029 | 138150 | (813)<br>|  | (813)<br>|
| 12.515% | At maturity | BZDIOVER | At maturity | Barclays Bank <br> PLC<br>| 1/2/2029 | 200823 | (1141)<br>|  | (1141)<br>|
| 12.36% | At maturity | BZDIOVER | At maturity | Barclays Bank <br> PLC<br>| 1/2/2029 | 171042 | (1176)<br>|  | (1176)<br>|
| 12.5% | At maturity | BZDIOVER | At maturity | Bank of America | 1/2/2029 | 276000 | (1598)<br>|  | (1598)<br>|
| 12.30585% | At maturity | BZDIOVER | At maturity | BNP Paribas | 1/2/2029 | 1626930 | (11871)<br>|  | (11871)<br>|
|  |  |  |  |  |  |  | $(68789)<br>| $— | $(68789)<br>|

---

**Credit default swaps** 

**Centrally cleared credit default swaps on credit indices — buy protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate paid<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.IG.44 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/20/2030 | USD206,974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(4689)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(4620)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(69)<br>|
| CDX.NA.HY.44 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/20/2030 | 4209877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (335506)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (249562)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (85944)<br>|
| CDX.NA.IG.45 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | 1042129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23613)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23258)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (355)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(363808)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(277440)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(86368)<br>|

---

**Centrally cleared credit default swaps on credit indices — sell protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate received<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <sup>(q)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025 <sup>(r)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.HY.45 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD<br> 234,240<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $18069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $17858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $211 |

---

Investments in affiliates <sup>(s)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>9/30/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 14.17%** | **Short-term securities 14.17%** | **Short-term securities 14.17%** | **Short-term securities 14.17%** | **Short-term securities 14.17%** | **Short-term securities 14.17%** | **Short-term securities 14.17%** | **Short-term securities 14.17%** |
| **Money market investments 14.17%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 4.17% <sup>(o)</sup> <br>| $790455 | &nbsp;&nbsp; $7194551 | &nbsp;&nbsp; $5074074 | &nbsp;&nbsp; $(170)<br>| &nbsp;&nbsp; $(112)<br>| &nbsp;&nbsp; $2910650 | &nbsp;&nbsp; $55465 |

---

American Funds Strategic Bond Fund — Page 54 of 58

------

**unaudited**

Restricted securities <sup>(j)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| Wolfspeed, Inc. 4.00% PIK and 9.875% Cash 6/23/2030 <sup>(i)</sup> <br>| 9/29/2025 | $10174 | $11173 | 0.06<br> %<br>|
| Modec Finance BV 7.84% 7/15/2026 <sup>(g)</sup> <br>| 7/28/2023 | 9000 | 9112 | 0.04 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR + 7.25%) <br> 11.288% 9/13/2029 <sup>(d)(h)</sup> <br>| 9/13/2023 | 792 | 810 | 0.00 <br><sup>(t)</sup><br>|
| **Total** |  | $19966 | $21095 | 0.10<br> %<br>|

---

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

<sup>(a)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(b)</sup> Amount less than one thousand.

<sup>(c)</sup> Represents securities transacted on a TBA basis.

<sup>(d)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(e)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $4,387,009,000, which represented 21.35% of the net assets of the fund. 

<sup>(f)</sup> Step bond; coupon rate may change at a later date.

<sup>(g)</sup> Value determined using significant unobservable inputs.

<sup>(h)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $59,334,000, which represented 0.29% of the net assets of the fund. 

<sup>(i)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(j)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(k)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $571,019,000, which represented 2.78% of the net assets of the fund. 

<sup>(l)</sup> Index-linked bond whose principal amount moves with a government price index. 

<sup>(m)</sup> Scheduled interest and/or principal payment was not received.

<sup>(n)</sup> Security did not produce income during the last 12 months.

<sup>(o)</sup> Rate represents the seven-day yield at 9/30/2025.

<sup>(p)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(q)</sup> The maximum potential amount the fund may pay as a protection seller should a credit event occur.

<sup>(r)</sup> The prices and resulting values for credit default swap indices serve as an indicator of the current status of the payment/performance risk. As the value of a sell protection credit default swap increases or decreases, when compared to the notional amount of the swap, the payment/performance risk may decrease or increase, respectively. 

<sup>(s)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

<sup>(t)</sup> Amount less than 0.01%.

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

American Funds Strategic Bond Fund — Page 55 of 58

------

**unaudited**

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral performance and other reference data (collectively <br> referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal securities | &nbsp;&nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on inputs <br> that include, but are not limited to, financial statements and debt contracts<br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information. Exchange-traded options and futures are generally valued at the official closing price for options and official settlement price for futures on the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. The average month-end notional amount of options on futures while held was $37,088,529,000. The average month-end notional amount of futures contracts while held was $44,312,024,000. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. The average month-end notional amount of open forward currency contracts while held was $4,879,987,000. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, and terms of the contract. The average month-end notional amounts of interest rate swaps and credit default swaps while held were $47,037,866,000 and $6,233,555,000, respectively.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

American Funds Strategic Bond Fund — Page 56 of 58

------

**unaudited**

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of September 30, 2025, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Investment securities | Investment securities | Investment securities | Investment securities |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, notes & other debt instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed obligations | $— | $6348096 | $54313 | $6402409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans |  | 6300261 | 21256 | 6321517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury bonds & notes |  | 2665157 |  | 2665157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies <br> outside the U.S.<br>|  | 1249826 |  | 1249826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-backed obligations |  | 1056695 |  | 1056695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipals |  | 324951 |  | 324951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Supranational debt |  | 63439 |  | 63439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal agency bonds & notes |  | 55170 |  | 55170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible bonds & notes  |  | 8330 |  | 8330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stocks  | 725 | 200 | 2930 | 3855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities  | 2910650 |  |  | 2910650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options purchased on futures (equity style) | 1163 |  |  | 1163 |
| Total | $2912538 | $18072125 | $78499 | $21063162 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Other investments\* | Other investments\* | Other investments\* | Other investments\* |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on futures contracts | $41642 | $— | $— | $41642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on open forward currency contracts |  | 22585 |  | 22585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on centrally cleared interest rate swaps |  | 133891 |  | 133891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on bilateral interest rate swaps |  | (68789)<br>|  | (68789)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on centrally cleared credit default swaps |  | 211 |  | 211 |
| **Liabilities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on futures contracts | (46614)<br>|  |  | (46614)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on open forward currency contracts |  | (26041)<br>|  | (26041)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on centrally cleared interest rate swaps |  | (6639)<br>|  | (6639)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on centrally cleared credit default swaps |  | (86368)<br>|  | (86368)<br>|
| Total  | $(4972)<br>| $(31150)<br>| $— | $(36122)<br>|

---

\*

Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the fund's investment portfolio.

American Funds Strategic Bond Fund — Page 57 of 58

------

**unaudited**

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

---

| |
|:---|
| **Key to abbreviation(s)** |
| AGI = Assured Guaranty insured |
| AMT = Alternative Minimum Tax |
| Assn. = Association |
| AUD = Australian dollars |
| Auth. = Authority |
| BRL = Brazilian reais |
| BZDIOVER = Overnight Brazilian Interbank Deposit Rate |
| CAB = Capital Appreciation Bonds |
| CAD = Canadian dollars |
| Certs. = Certificates |
| CLO = Collateralized Loan Obligations |
| CLP = Chilean pesos |
| CME = CME Group |
| CNH = Chinese yuan renminbi |
| COP = Colombian pesos |
| CORRA = Canadian Overnight Repo Rate Average |
| CZK = Czech korunas |
| DAC = Designated Activity Company |
| Dev. = Development |
| Dist. = District |
| Econ. = Economic |
| EFFR = Effective Federal Funds Rate |
| EUR = Euros |
| EURIBOR = Euro Interbank Offered Rate |
| Facs. = Facilities |
| Fin. = Finance |
| Fncg. = Financing |
| F-TIIE = Funding Equilibrium Interbank Interest Rate |

---

---

| |
|:---|
| GBP = British pounds |
| GO = General Obligation |
| ICE = Intercontinental Exchange, Inc. |
| INR = Indian rupees |
| JPY = Japanese yen |
| KRW = South Korean won |
| MXN = Mexican pesos |
| NATL = National Public Finance Guarantee Corp. insured |
| NIBOR = Norwegian Interbank Offered Rate |
| NOK = Norwegian kroner |
| Part. = Participation |
| PHP = Philippine pesos |
| PIK = Payment In Kind |
| PLN = Polish zloty |
| PRIBOR = Prague Interbank Offered Rate |
| Ref. = Refunding |
| Rev. = Revenue |
| SEK = Swedish kronor |
| SGD = Singapore dollars |
| SOFR = Secured Overnight Financing Rate |
| SONIA = Sterling Overnight Interbank Average Rate |
| TBA = To be announced |
| THB = Thai baht |
| TONAR = Tokyo Overnight Average Rate |
| USD = U.S. dollars |
| UST = U.S. Treasury |
| WIBOR = Warsaw Interbank Offered Rate |
| ZAR = South African rand |

---

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2025 Capital Group. All rights reserved.

MFGEFP3-112-1125

American Funds Strategic Bond Fund — Page 58 of 58

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Funds Strategic Bond Fund

- **b. Investment Company Act file number:** 811-23101

- **c. CIK number of Registrant:** 0001655146

- **d. LEI of Registrant:** 549300WL12I3ETOMST62

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

  - **Street Address 1:** 6455 Irvine Center Drive

  - **City:** Irvine

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92618

  - **Telephone number:** 9499755000

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

- **a. Name of Series:** American Funds Strategic Bond Fund

- **b. EDGAR series identifier (if any):** S000052313

- **c. LEI of Series:** 549300WL12I3ETOMST62

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $28172407655.17

**Total Liabilities:** $7665125773.61

**Net Assets:** $20507281881.56

**Delayed Delivery Securities:** $477731.76

**Cash Not Reported:** $25504316.74

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -13513.561800000000 | **1-Year:** -278042.528700000000 | **5-Year:** -1164422.177000000000 | **10-Year:** -1750863.948000000000 | **30-Year:** -789939.268000000000

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

- **3-Month:** -12221.920690000000 | **1-Year:** -335800.083400000000 | **5-Year:** -2491874.031000000000 | **10-Year:** -301707.927500000000 | **30-Year:** -92577.345840000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000164459 | -0.65%               | 1.62%                | 0.53%                |
| Class ID C000164460 | -0.65%               | 1.62%                | 0.70%                |
| Class ID C000164461 | -0.75%               | 1.52%                | 0.56%                |
| Class ID C000164462 | -0.65%               | 1.52%                | 0.59%                |
| Class ID C000164463 | -0.65%               | 1.52%                | 0.63%                |
| Class ID C000164464 | -0.65%               | 1.63%                | 0.58%                |
| Class ID C000164465 | -0.65%               | 1.62%                | 0.54%                |
| Class ID C000164466 | -0.64%               | 1.62%                | 0.61%                |
| Class ID C000164467 | -0.54%               | 1.62%                | 0.58%                |
| Class ID C000164468 | -0.64%               | 1.73%                | 0.63%                |
| Class ID C000164470 | -0.65%               | 1.52%                | 0.57%                |
| Class ID C000164471 | -0.65%               | 1.62%                | 0.58%                |
| Class ID C000164472 | -0.54%               | 1.62%                | 0.59%                |
| Class ID C000164473 | -0.65%               | 1.62%                | 0.64%                |
| Class ID C000164475 | -0.65%               | 1.52%                | 0.56%                |
| Class ID C000164476 | -0.65%               | 1.62%                | 0.64%                |
| Class ID C000179994 | -0.65%               | 1.62%                | 0.63%                |
| Class ID C000189484 | -0.64%               | 1.62%                | 0.59%                |
| Class ID C000189485 | -0.54%               | 1.62%                | 0.60%                |
| Class ID C000224627 | -0.65%               | 1.62%                | 0.60%                |
| Class ID C000224628 | -0.65%               | 1.62%                | 0.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $17871567.01             | $-188198628.02                             |
| Month 2  | $-9543004.32             | $162541296.11                              |
| Month 3  | $24629043.88             | $129170619.84                              |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Aggregate Index

- **Index Identifier:** LBUSTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_22-3                       | ACAR 2022-3 D 144A 5.83% 10-13-28                                                               | CUSIP: 02528GAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      175647 | PA      | $176181.63     | 0.00%             | 2028-10-13      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_22-5                                    | AESOP 2022-5A A 144A 6.12% 04-20-27                                                             | CUSIP: 05377RFV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5911000 | PA      | $5947719.13    | 0.03%             | 2027-04-20      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN MONEY MANAGEMENT CORPORATION AMMC_16-18A                            | AMMC 2016-18A BR CLO 144A FRN 05-26-31                                                          | CUSIP: 001746AQ9<br>LEI: 549300F8C2GVHBFFH173 | Long             | ABS-O            | CORP              | KY        |      778886 | PA      | $779333.61     | 0.00%             | 2031-05-26      | Variable      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_24-1                       | ACAR 2024-1 D 144A 5.86% 05-13-30                                                               | CUSIP: 02531AAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      592000 | PA      | $602548.26     | 0.00%             | 2030-05-13      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_24-1                       | ACAR 2024-1 C 144A 5.63% 01-14-30                                                               | CUSIP: 02531AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      853585 | PA      | $857339.43     | 0.00%             | 2030-01-14      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| BJETS 2024-2A                                                                | BJETS 2024-2A A 144A 5.364% 09-15-39                                                            | CUSIP: 12326TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5109735 | PA      | $5139800.37    | 0.03%             | 2039-09-15      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| BLAST 2025-1                                                                 | BLAST 2025-1 B 4.92% 03-15-29                                                                   | CUSIP: 10806HAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1420000 | PA      | $1426350.24    | 0.01%             | 2029-03-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| BATTALION CLO LTD BATLN_18-12A                                               | BATLN 2018-12A DRR CLO 144A FRN 05-17-31                                                        | CUSIP: 07133RBC8<br>LEI: 549300JIE0P78OIZGS60 | Long             | ABS-O            | CORP              | KY        |     2083000 | PA      | $2077448.81    | 0.01%             | 2031-05-17      | Variable      | 6.79%                 | Yes           |                  2 | On Loan: No      |
| BLAST 2025-2                                                                 | BLAST 2025-2 D 5.62% 03-17-31                                                                   | CUSIP: 10807HAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1343000 | PA      | $1362157.90    | 0.01%             | 2031-03-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BLAST 2025-2                                                                 | BLAST 2025-2 C 5.17% 03-17-31                                                                   | CUSIP: 10807HAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1391000 | PA      | $1406885.22    | 0.01%             | 2031-03-17      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| BHG 2020-A                                                                   | BHG 2020-A C 144A 5.17% 09-17-31                                                                | CUSIP: 06616PAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     7500000 | PA      | $7493130.00    | 0.04%             | 2031-09-17      | Fixed         | 5.17%                 | Yes           |                  2 | On Loan: No      |
| BHG 2020-A                                                                   | BHG 2020-A B 144A 3.59% 09-17-31                                                                | CUSIP: 06616PAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      151879 | PA      | $151787.54     | 0.00%             | 2031-09-17      | Fixed         | 3.59%                 | Yes           |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT SECURITIZATION TRUST CLAST_17-1R                         | CLAST 2017-1R A 144A 2.741% 08-15-41                                                            | CUSIP: 14856JAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      256067 | PA      | $253845.93     | 0.00%             | 2041-08-15      | Fixed         | 2.74%                 | Yes           |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT SECURITIZATION TRUST CLAF_21-1                           | CLAF 2021-1 A 144A 2.868% 05-11-37                                                              | CUSIP: 12567UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     6700800 | PA      | $6252355.92    | 0.03%             | 2037-05-11      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST CAALT_22-1                                 | CAALT 2022-1A D 144A 6.63% 12-15-32                                                             | CUSIP: 22534LAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3000000 | PA      | $3006969.00    | 0.01%             | 2032-12-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_22-C                                          | CPS 2022-C D 144A 6.45% 04-15-30                                                                | CUSIP: 12664DAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1013000 | PA      | $1029296.13    | 0.01%             | 2030-04-15      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_22-C                                          | CPS 2022-C C 144A 5.28% 04-15-30                                                                | CUSIP: 12664DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       38630 | PA      | $38673.09      | 0.00%             | 2030-04-15      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_23-A                                          | CPS 2023-A C 144A 5.54% 04-16-29                                                                | CUSIP: 12664LAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      167124 | PA      | $167393.26     | 0.00%             | 2029-04-16      | Fixed         | 5.54%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_23-A                                          | CPS 2023-A D 144A 6.44% 04-16-29                                                                | CUSIP: 12664LAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      526000 | PA      | $535787.28     | 0.00%             | 2029-04-16      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| COOK PARK CLO COOK_18-1A                                                     | COOK 2018-1A B CLO 144A FRN 04-17-30                                                            | CUSIP: 21623PAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $500360.50     | 0.00%             | 2030-04-17      | Variable      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_23-C                                          | CPS 2023-C D 144A 6.77% 10-15-29                                                                | CUSIP: 223928AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      622000 | PA      | $638833.81     | 0.00%             | 2029-10-15      | Fixed         | 6.77%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_23-C                                          | CPS 2023-C C 144A 6.27% 10-15-29                                                                | CUSIP: 223928AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      689000 | PA      | $694432.08     | 0.00%             | 2029-10-15      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QC7486 09-01-51                                                                   | CUSIP: 3133ASJ79<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       34903 | PA      | $30694.43      | 0.00%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FM3635 03-01-50                                                                   | CUSIP: 3140X7BD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      143931 | PA      | $126816.55     | 0.00%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BQ3719 09-01-50                                                                   | CUSIP: 3140KPDZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2458189 | PA      | $2164334.33    | 0.01%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FM2793 03-01-50                                                                   | CUSIP: 3140X6C74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      160108 | PA      | $141069.17     | 0.00%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FM8662 08-01-51                                                                   | CUSIP: 3140XCTU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       71055 | PA      | $62545.68      | 0.00%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CA8871 02-01-51                                                                   | CUSIP: 3140QG2D8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      753337 | PA      | $662507.59     | 0.00%             | 2051-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FP0082 05-01-51                                                                   | CUSIP: 3140XTCU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2256663 | PA      | $1984570.53    | 0.01%             | 2051-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB1408 08-01-51                                                                   | CUSIP: 3140QLR65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1744459 | PA      | $1541362.24    | 0.01%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QD7852 03-01-52                                                                   | CUSIP: 3133B5WM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       79484 | PA      | $70021.78      | 0.00%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BU5859 11-01-51                                                                   | CUSIP: 3140M7QM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      133239 | PA      | $117321.42     | 0.00%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BR2026 06-01-51                                                                   | CUSIP: 3140L0HC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       33284 | PA      | $29321.27      | 0.00%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BW3072 06-01-52                                                                   | CUSIP: 3140MUMW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      190352 | PA      | $167500.50     | 0.00%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QG7176 07-01-53                                                                   | CUSIP: 3133C76M4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     8629684 | PA      | $7589487.60    | 0.04%             | 2053-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BO2975 09-01-49                                                                   | CUSIP: 3140JXJV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      407298 | PA      | $358868.76     | 0.00%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QD6553 02-01-52                                                                   | CUSIP: 3133B4H65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      929004 | PA      | $817641.40     | 0.00%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BV9262 05-01-52                                                                   | CUSIP: 3140MPJG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      938330 | PA      | $825451.87     | 0.00%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB2668 01-01-52                                                                   | CUSIP: 3140QM6E9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      364933 | PA      | $321299.29     | 0.00%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                                  | FNCL 5.5 UMBS TBA 11-01-55                                                                      | CUSIP: 01F0526B3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     3149167 | PA      | $3173264.43    | 0.02%             | 2055-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-3                                        | VERUS 2023-3 A1 144A 5.93% 03-25-68                                                             | CUSIP: 92539GAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     4661707 | PA      | $4673561.36    | 0.02%             | 2068-03-25      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2024-2                                                                 | VERUS 2024-2 A1 144A 6.095% 02-25-69                                                            | CUSIP: 92539UAA8<br>LEI: 213800KSJFZ5H8FZ7C61 | Long             | ABS-CBDO         | CORP              | US        |    26186713 | PA      | $26480527.87   | 0.13%             | 2069-02-25      | Variable      | 6.09%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_16-C35                            | WFCM 2016-C35 C FRN 07-15-48                                                                    | CUSIP: 95000FAZ9<br>LEI: 549300MZIB10PDVAE312 | Long             | ABS-CBDO         | CORP              | US        |      500000 | PA      | $490684.00     | 0.00%             | 2048-07-15      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST WFRBS_14-C22                                | WFRBS 14-C22 B FRN 09-15-57/09-17-24                                                            | CUSIP: 92890KBF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2000000 | PA      | $1829500.00    | 0.01%             | 2057-09-15      | Variable      | 4.37%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-42                                              | CUSIP: 74526QA28<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |      825000 | PA      | $567187.50     | 0.00%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.5% 07-01-38                                              | CUSIP: 74526QVE9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     1795000 | PA      | $1234062.50    | 0.01%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP                                         | PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE 0.0% 07-01-46                            | CUSIP: 74529JQG3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |    50777000 | PA      | $17339533.07   | 0.08%             | 2046-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-34                                              | CUSIP: 74526QYX4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |      550000 | PA      | $376750.00     | 0.00%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                     | UNIVERSITY OF CALIFORNIA 1.316% 05-15-27                                                        | CUSIP: 91412HGF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     5400000 | PA      | $5203348.20    | 0.03%             | 2027-05-15      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                     | UNIVERSITY OF CALIFORNIA 1.614% 05-15-30                                                        | CUSIP: 91412HGG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     6450000 | PA      | $5840165.40    | 0.03%             | 2030-05-15      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                     | UNIVERSITY OF CALIFORNIA 5.1% 05-15-33                                                          | CUSIP: 91412HQB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    13795000 | PA      | $14445006.61   | 0.07%             | 2033-05-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST ECONOMIC DEV FIN AUTH                                          | NORTH PACIFIC PAPER CO LLC 9.0% 12-01-36                                                        | CUSIP: 93975YAJ0<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |    23800000 | PA      | $24856029.80   | 0.12%             | 2036-12-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CAPITAL GROUP CENTRAL CASH FUND                                              | CAPITAL GROUP CENTRAL CASH FUND                                                                 | CUSIP: 14020B102<br>LEI: 549300YD0SRETB6WWP29 | Long             | STIV             | RF                | US        |    29163286 | NS      | $2916328568.00 | 14.22%            |  |  |  | No            |                  1 | On Loan: No      |
| CDX HIGH GRADE ISSUER                                                        | CDX NA IG S44 1.0% 03-20-25/06-20-30 ICE                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |           1 | NC      | $-90224.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CDX HIGH YIELD ISSUER                                                        | CDX NA HY S44 5.0% 03-20-25/06-20-30 ICE                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |           1 | NC      | $-88481226.46  | -0.43%            |  |  |  | No            |                  2 | On Loan: No      |
| CDX HIGH GRADE ISSUER                                                        | CDX NA IG S45 1.0% 09-22-25/12-20-30 ICE                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |           1 | NC      | $-469040.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CDX HIGH YIELD ISSUER                                                        | CDX NA HY S45 5.0% 09-22-25/12-20-30 ICE                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              | CORP              | US        |           1 | NC      | $125601.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS PAYFIX USD 3.1% 06-20-23/06-20-33 LCH                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $1324064.39    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS PAYFIX USD 3.175% 02-01-28/02-01-38 LCH                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $568667.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS RECFIX USD 3.5405% 01-23-25/01-23-27 LCH                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-6336.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS RECFIX USD 3.535% 01-23-25/01-23-27 LCH                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-99033.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS RECFIX USD 3.53% 01-23-25/01-23-27 LCH                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-101249.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS PAYFIX USD 3.5485% 01-29-25/01-29-30 LCH                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-1884641.88   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS PAYFIX USD 3.529% 01-29-25/01-29-30 LCH                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-1550992.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS RECFIX USD 3.7645% 02-20-25/02-20-27 LCH                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3726882.95    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS RECFIX USD 3.761% 02-20-25/02-20-27 LCH                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $1839056.09    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS RECFIX USD 3.6475% 02-27-26/02-27-28 LCH                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $10909740.16   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS RECFIX USD 4.28066% 06-03-24/03-31-26 LCH                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $1840325.85    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS RECFIX USD 4.26959% 06-03-24/03-31-26 LCH                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $864992.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS PAYFIX MXN 8.83% 11-22-24/01-27-31 CME                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-2679706.99   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS PAYFIX JPY 0.71306% 04-09-27/04-09-28 LCH                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3639914.18    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS PAYFIX JPY 0.715% 04-09-27/04-09-28 LCH                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3626152.41    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS PAYFIX JPY 0.73% 04-19-27/04-19-28 LCH                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $1462684.10    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS PAYFIX JPY 0.73% 04-21-27/04-21-28 LCH                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $1085649.53    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS RECFIX EUR -0.452% 12-03-20/12-03-25 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-2324115.77   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS RECFIX EUR -0.445% 12-03-20/12-03-25 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-2317802.67   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS PAYFIX EUR 2.2862% 05-14-25/05-14-30 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $213785.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS RECFIX NOK 3.945% 05-14-25/05-14-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-781278.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS PAYFIX EUR 2.2892% 05-14-25/05-14-30 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $205174.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS PAYFIX EUR 2.2967% 05-14-25/05-14-30 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $183656.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS RECFIX NOK 3.95% 05-14-25/05-14-30 LCH                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-376174.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS PAYFIX EUR 2.3262% 05-16-25/05-16-30 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $104449.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS RECFIX NOK 4.045% 05-16-25/05-16-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-105489.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS PAYFIX EUR 2.3207% 05-16-25/05-16-30 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $120445.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS PAYFIX EUR 2.3102% 05-16-25/05-16-30 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $150984.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS RECFIX NOK 4.0315% 05-16-25/05-16-30 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-289191.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS PAYFIX EUR 2.3267% 05-19-25/05-19-30 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $105629.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 3.353% 04-19-23/04-19-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-69089.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.0895% 04-20-23/04-20-53 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3820411.64    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 3.344% 04-20-23/04-20-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-102113.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 3.128% 04-28-23/04-28-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-863134.77    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 2.9405% 04-28-23/04-28-53 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $4473611.63    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 3.259% 05-01-23/05-01-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-404217.10    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.0535% 05-01-23/05-01-53 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $7954787.78    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 3.285% 05-01-23/05-01-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-312588.96    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.085% 05-09-23/05-09-53 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3878896.59    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 3.186% 05-09-23/05-09-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-666596.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 3.215% 05-10-23/05-10-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-564380.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.1135% 05-10-23/05-10-53 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3730227.60    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.1605% 05-19-23/05-19-53 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $4235062.65    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 3.29% 05-19-23/05-19-30 LCH                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-365027.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 5.018% 10-02-23/10-02-25 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $9561.93       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 4.184% 01-10-24/01-10-26 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $118958.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 4.2035% 01-10-24/01-10-26 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $139001.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 4.2045% 01-10-24/01-10-26 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $7307.78       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.6765% 02-20-24/02-20-54 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $4715750.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.6815% 02-20-24/02-20-54 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $4438863.10    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.7205% 02-21-24/02-21-54 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3155175.99    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.6745% 02-28-24/02-28-54 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $5293518.51    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 4.568% 03-01-24/03-01-26 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3195809.50    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PPMC 2019-2A                                                                 | PPMC 2019-2A CR2 CLO 144A FRN 04-16-37                                                          | CUSIP: 69377PAY0<br>LEI: 549300JBW1DIZLGMSY83 | Long             | ABS-O            | CORP              | KY        |     1000000 | PA      | $1002300.00    | 0.00%             | 2037-04-16      | Variable      | 7.12%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2024-1                                                                 | PKAIR 2024-1 A1 144A 5.842% 09-15-39                                                            | CUSIP: 69291VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      354601 | PA      | $363380.71     | 0.00%             | 2039-09-15      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2024-1                                                                 | PKAIR 2024-1 AF 144A FRN 09-15-39                                                               | CUSIP: 69291VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      142000 | PA      | $142873.84     | 0.00%             | 2039-09-15      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| PILOT 2024-1A                                                                | PILOT 2024-1A A2A 144A 4.84% 01-20-27                                                           | CUSIP: 73328AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4948779 | PA      | $4956562.99    | 0.02%             | 2027-01-20      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2024-2                                                                 | PKAIR 2024-2 A 144A 5.052% 10-15-39                                                             | CUSIP: 69381EAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      427622 | PA      | $428653.65     | 0.00%             | 2039-10-15      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST PART_23-1                                    | PART 2023-1A E 144A 9.88% 05-15-30                                                              | CUSIP: 74113GAN3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2000000 | PA      | $2120014.00    | 0.01%             | 2030-05-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| PSTAT 2024-2A                                                                | PSTAT 2024-2A C CLO 144A FRN 01-15-33                                                           | CUSIP: 69703RAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1608000 | PA      | $1611555.29    | 0.01%             | 2033-01-15      | Variable      | 6.82%                 | Yes           |                  2 | On Loan: No      |
| PREF 2025-1A                                                                 | PREF 2025-1A A2 144A 4.9% 05-15-31                                                              | CUSIP: 73747LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5724000 | PA      | $5772018.64    | 0.03%             | 2031-05-15      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| PARL 2023-1A                                                                 | PARL 2023-1A BR CLO 144A FRN 07-20-36                                                           | CUSIP: 69915NAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      409000 | PA      | $410140.70     | 0.00%             | 2036-07-20      | Variable      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2025-2                                                                 | PKAIR 2025-2 A 144A 4.75% 03-15-43                                                              | CUSIP: 69291NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1608000 | PA      | $1612237.08    | 0.01%             | 2043-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST I RPM_22-3                          | RPM 2022-3A B 144A 6.58% 11-25-30                                                               | CUSIP: 76088TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     7757481 | PA      | $7784182.59    | 0.04%             | 2030-11-25      | Fixed         | 6.58%                 | Yes           |                  2 | On Loan: No      |
| MERCADOLIBRE INC                                                             | MERCADOLIBRE INC SR UNSEC 2.375% 01-14-26                                                       | CUSIP: 58733RAE2<br>LEI: 549300DKPDN9M5S8GB14 | Long             | DBT              | CORP              | UY        |     4255000 | PA      | $4223019.42    | 0.02%             | 2026-01-14      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MERCER INTERNATIONAL INC                                                     | MERCER INTERNATIONAL INC SR UNSEC 5.125% 02-01-29                                               | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | CA        |     8510000 | PA      | $6280167.25    | 0.03%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| STAGWELL GLOBAL LLC                                                          | STAGWELL GLOBAL LLC 144A LIFE SR UNSEC 5.625% 08-15-29                                          | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |     5810000 | PA      | $5648795.74    | 0.03%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                            | NEWELL BRANDS INC SR UNSEC 7.5% 04-01-46                                                        | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     1315000 | PA      | $1160766.28    | 0.01%             | 2046-04-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL FLAVORS & FRAGRANCES INC                                       | INTERNATIONAL FLAVORS & FRAGRANCES INC 144A LIFE SR UNSEC 2.3% 11-01-30                         | CUSIP: 459506AQ4<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |     7758000 | PA      | $6944294.41    | 0.03%             | 2030-11-01      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                                            | NEXSTAR MEDIA INC 144A LIFE SR UNSEC 4.75% 11-01-28                                             | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     5559000 | PA      | $5430431.45    | 0.03%             | 2028-11-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                                                        | NESCO HOLDINGS II INC 144A LIFE SR SEC 2ND LIEN 5.5% 04-15-29                                   | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |    14000000 | PA      | $13720980.00   | 0.07%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| NEWS CORP                                                                    | NEWS CORP 144A LIFE SR UNSEC 3.875% 05-15-29                                                    | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |     3725000 | PA      | $3598592.13    | 0.02%             | 2029-05-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                                 | NAVIENT CORP SR UNSEC 5.5% 03-15-29                                                             | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     1445000 | PA      | $1417689.50    | 0.01%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FUNDING                                                 | NEW YORK LIFE GLOBAL FUNDING GIC 144A LIFE SR SEC 1ST LIEN 4.55% 01-28-33                       | CUSIP: 64952WEZ2<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |     2456000 | PA      | $2454266.06    | 0.01%             | 2033-01-28      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                                 | NORFOLK SOUTHERN CORP SR UNSEC 4.45% 03-01-33                                                   | CUSIP: 655844CQ9<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     2751000 | PA      | $2736529.74    | 0.01%             | 2033-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                                         | NOBLE FINANCE II LLC 144A LIFE SR UNSEC 8.0% 04-15-30                                           | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    12564000 | PA      | $13013841.46   | 0.06%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FS1372 03-01-52                                                                   | CUSIP: 3140XGQ28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      161552 | PA      | $142219.99     | 0.00%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                                 | NAVIENT CORP SR UNSEC 9.375% 07-25-30                                                           | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     8515000 | PA      | $9418262.69    | 0.05%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL AND GAS INC                                                     | NORTHERN OIL & GAS INC 144A LIFE SR UNSEC 8.75% 06-15-31                                        | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |     6926000 | PA      | $7163873.47    | 0.03%             | 2031-06-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BW9777 06-01-53                                                                   | CUSIP: 3140N22K6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1987811 | PA      | $1748513.91    | 0.01%             | 2053-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 MA4932 01-01-53                                                                   | CUSIP: 31418EPS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1981707 | PA      | $1743261.64    | 0.01%             | 2053-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                                 | NORFOLK SOUTHERN CORP SR UNSEC 5.35% 08-01-54                                                   | CUSIP: 655844CS5<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    13195000 | PA      | $13009742.20   | 0.06%             | 2054-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS CORP                                                              | NCR ATLEOS CORP 144A LIFE SR SEC 1ST LIEN 9.5% 04-01-29                                         | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    14074000 | PA      | $15245759.02   | 0.07%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                                 | NAVIENT CORP SR UNSEC 11.5% 03-15-31                                                            | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |       39000 | PA      | $44022.81      | 0.00%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                        | NABORS INDUSTRIES INC 144A LIFE SR UNSEC 9.125% 01-31-30                                        | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     6375000 | PA      | $6634845.00    | 0.03%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DD4459 04-01-55                                                                   | CUSIP: 3140B45V8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     8796461 | PA      | $8994663.27    | 0.04%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.5 BV5392 04-01-52                                                                   | CUSIP: 3140MJ7E9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1090740 | PA      | $997553.32     | 0.00%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                                 | NORFOLK SOUTHERN CORP SR UNSEC 5.55% 03-15-34                                                   | CUSIP: 655844CT3<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     6140000 | PA      | $6515424.16    | 0.03%             | 2034-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                         | ONEMAIN FINANCE CORP SR UNSEC 7.5% 05-15-31                                                     | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    18010000 | PA      | $18842818.42   | 0.09%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 QY6303 06-01-55                                                                   | CUSIP: 31426RAD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    24523716 | PA      | $25070227.09   | 0.12%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DC4756 04-01-55                                                                   | CUSIP: 3140ASJA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      615158 | PA      | $631854.44     | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                         | ONEMAIN FINANCE CORP SR UNSEC 7.125% 11-15-31                                                   | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     9659000 | PA      | $10023704.52   | 0.05%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                  | ORACLE CORP SR UNSEC 5.5% 08-03-35                                                              | CUSIP: 68389XDA0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    18138000 | PA      | $18672381.76   | 0.09%             | 2035-08-03      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                  | ORACLE CORP SR UNSEC 6.0% 08-03-55                                                              | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    23241000 | PA      | $23347862.12   | 0.11%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                         | ONEMAIN FINANCE CORP SR UNSEC 7.125% 09-15-32                                                   | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     4515000 | PA      | $4669810.32    | 0.02%             | 2032-09-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RJ3596 11-01-54                                                                   | CUSIP: 3142GT7J9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      782595 | PA      | $800833.56     | 0.00%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 QY3449 05-01-55                                                                   | CUSIP: 31426MZP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      349835 | PA      | $357630.63     | 0.00%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                                           | OSAIC HOLDINGS INC 144A LIFE SR UNSEC 8.0% 08-01-33                                             | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     1640000 | PA      | $1701085.08    | 0.01%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                         | ONEMAIN FINANCE CORP SR UNSEC 6.125% 05-15-30                                                   | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      610000 | PA      | $618201.45     | 0.00%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                            | POST HOLDINGS INC 144A LIFE SR UNSEC 4.625% 04-15-30                                            | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     4000000 | PA      | $3860668.00    | 0.02%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| PACIFICORP                                                                   | PACIFICORP SR SEC 1ST LIEN 3.3% 03-15-51                                                        | CUSIP: 695114CX4<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |       35000 | PA      | $23101.61      | 0.00%             | 2051-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DC3465 09-01-54                                                                   | CUSIP: 3140AQZ70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1172838 | PA      | $1199565.05    | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DC7023 12-01-54                                                                   | CUSIP: 3140AUYV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      205294 | PA      | $210043.14     | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COMPANY OF COLORADO                                           | PUBLIC SERVICE CO OF COLORADO SR SEC 1ST LIEN 2.7% 01-15-51                                     | CUSIP: 744448CU3<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |     1662000 | PA      | $1025410.79    | 0.01%             | 2051-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                  | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 3.5% 08-01-50                                       | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    32504000 | PA      | $22208910.57   | 0.11%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DD7200 04-01-55                                                                   | CUSIP: 3140B8AA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      167659 | PA      | $171567.96     | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SL1413 04-01-55                                                                   | CUSIP: 31427NSB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      319909 | PA      | $327531.05     | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                  | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 2.5% 02-01-31                                       | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    16284000 | PA      | $14514287.45   | 0.07%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                                    | PG&E CORP SR SEC 1ST LIEN 5.0% 07-01-28                                                         | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     1848000 | PA      | $1832299.39    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                                    | PG&E CORP SR SEC 1ST LIEN 5.25% 07-01-30                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     1376000 | PA      | $1357795.52    | 0.01%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                  | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 4.55% 07-01-30                                      | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    10477000 | PA      | $10408448.99   | 0.05%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SL1418 10-01-54                                                                   | CUSIP: 31427NSG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    14984800 | PA      | $15330184.78   | 0.07%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DD8109 04-01-55                                                                   | CUSIP: 3140B9AK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      161748 | PA      | $165452.18     | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                  | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 4.95% 07-01-50                                      | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    39617000 | PA      | $34033023.47   | 0.17%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                  | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 4.65% 08-01-28                                      | CUSIP: 694308JC2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      141000 | PA      | $141430.90     | 0.00%             | 2028-08-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DE4980 07-01-55                                                                   | CUSIP: 3140BHRA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      911477 | PA      | $933159.59     | 0.00%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SL1416 04-01-55                                                                   | CUSIP: 31427NSE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       30354 | PA      | $31055.74      | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                  | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 3.15% 01-01-26                                      | CUSIP: 694308JP3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      104000 | PA      | $103676.66     | 0.00%             | 2026-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                          | PETROLEOS MEXICANOS SR UNSEC 6.5% 06-02-41                                                      | CUSIP: 71654QAZ5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      414000 | PA      | $362888.39     | 0.00%             | 2041-06-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BU9641 01-01-52                                                                   | CUSIP: 3140MBWB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1905836 | PA      | $1678942.40    | 0.01%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD6203 06-01-52                                                                   | CUSIP: 3132DT3L2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2666063 | PA      | $2344581.19    | 0.01%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FS4815 05-01-52                                                                   | CUSIP: 3140XLK56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1753318 | PA      | $1542933.51    | 0.01%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 FA0287 12-01-54                                                                   | CUSIP: 3140W0J97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    13344754 | PA      | $13644129.86   | 0.07%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DD5311 04-01-55                                                                   | CUSIP: 3140B53V7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      269058 | PA      | $275144.50     | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 QY3446 05-01-55                                                                   | CUSIP: 31426MZL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      218604 | PA      | $223583.96     | 0.00%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RQ0028 07-01-55                                                                   | CUSIP: 3142J6A60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1219228 | PA      | $1246398.40    | 0.01%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 CB1186 07-01-51                                                                   | CUSIP: 3140QLJ80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    14899681 | PA      | $12098466.23   | 0.06%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FS1978 03-01-52                                                                   | CUSIP: 3140XHFU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4494856 | PA      | $3791636.18    | 0.02%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 SD1605 12-01-51                                                                   | CUSIP: 3132DNYA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     3659499 | PA      | $3087021.44    | 0.02%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 MA5761 07-01-55                                                                   | CUSIP: 31418FMK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    84513294 | PA      | $86396672.86   | 0.42%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 SL0316 05-01-52                                                                   | CUSIP: 31427MK67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    10077023 | PA      | $8166862.66    | 0.04%             | 2052-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RJ4529 05-01-55                                                                   | CUSIP: 3142GVA76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1778771 | PA      | $1819510.57    | 0.01%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 QX6724 02-01-55                                                                   | CUSIP: 31426CPJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      468527 | PA      | $478967.94     | 0.00%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 QX9923 03-01-55                                                                   | CUSIP: 31426HAZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      159951 | PA      | $165341.51     | 0.00%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DD4333 03-01-55                                                                   | CUSIP: 3140B4Y79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      995716 | PA      | $1018373.24    | 0.00%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QD0162 11-01-51                                                                   | CUSIP: 3133AWFB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      448366 | PA      | $378226.00     | 0.00%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 SD0571 04-01-51                                                                   | CUSIP: 3132DMT47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1448837 | PA      | $1222199.96    | 0.01%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.5 FS9324 09-01-52                                                                   | CUSIP: 3140XRLE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      443872 | PA      | $405929.52     | 0.00%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.5 SD2494 03-01-52                                                                   | CUSIP: 3132DPXX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      394135 | PA      | $360465.89     | 0.00%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FS2638 04-01-52                                                                   | CUSIP: 3140XH4Y0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     5788746 | PA      | $4894598.93    | 0.02%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.5 BU8818 05-01-52                                                                   | CUSIP: 3140MAYQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      741740 | PA      | $678371.93     | 0.00%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 FA1162 04-01-55                                                                   | CUSIP: 3140W1JG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     9215221 | PA      | $9423429.30    | 0.05%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DE1549 07-01-55                                                                   | CUSIP: 3140BDWK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      499101 | PA      | $510224.44     | 0.00%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 SD0566 04-01-51                                                                   | CUSIP: 3132DMTX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      762965 | PA      | $643620.14     | 0.00%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 SD0718 08-01-51                                                                   | CUSIP: 3132DMYP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     6387394 | PA      | $5388130.74    | 0.03%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB3366 04-01-52                                                                   | CUSIP: 3140QNW40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4414887 | PA      | $3890235.19    | 0.02%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 MA5062 06-01-53                                                                   | CUSIP: 31418ETU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       63819 | PA      | $56125.04      | 0.00%             | 2053-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QC0085 02-01-51                                                                   | CUSIP: 3133AJCW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      288867 | PA      | $233306.96     | 0.00%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_16-GS2                                     | GSMS 2016-GS2 C FRN 05-10-49                                                                    | CUSIP: 36252TAY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1503000 | PA      | $1456743.67    | 0.01%             | 2049-05-10      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_16-GS2                                     | GSMS 2016-GS2 B FRN 05-10-49                                                                    | CUSIP: 36252TAW5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      116000 | PA      | $114673.66     | 0.00%             | 2049-05-10      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_18-GS10                                    | GSMS 2018-GS10 AS FRN 07-10-51                                                                  | CUSIP: 36250SAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1525763 | PA      | $1471683.86    | 0.01%             | 2051-07-10      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_18-GS10                                    | GSMS 2018-GS10 C FRN 07-10-51                                                                   | CUSIP: 36250SAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     5000000 | PA      | $4389050.00    | 0.02%             | 2051-07-10      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| GSMS 2019-GC40                                                               | GSMS 2019-GC40 C 3.946% 07-10-52                                                                | CUSIP: 36257HBV7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3064000 | PA      | $2545463.96    | 0.01%             | 2052-07-10      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GSMS 2020-GC45                                                               | GSMS 2020-GC45 C FRN 02-13-53                                                                   | CUSIP: 36258YBN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      670000 | PA      | $588152.13     | 0.00%             | 2053-02-13      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| GSMS 2020-GC45                                                               | GSMS 20-GC45 B 3.4051% 02-13-53/12-14-29                                                        | CUSIP: 36258YBM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      100000 | PA      | $90858.00      | 0.00%             | 2053-02-13      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_20-GSA2                                    | GSMS 2020-GSA2 C 2.989% 12-12-53                                                                | CUSIP: 36264KBB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2000000 | PA      | $1590994.00    | 0.01%             | 2053-12-12      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                           | G2SF 2.5 MA7881 02-20-52                                                                        | CUSIP: 36179WXJ2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     6381869 | PA      | $5507240.01    | 0.03%             | 2052-02-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                           | G2SF 2.5 MA7987 04-20-52                                                                        | CUSIP: 36179W2U1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     6748579 | PA      | $5816897.48    | 0.03%             | 2052-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                           | G2SF 4.0 MA8346 10-20-52                                                                        | CUSIP: 36179XHX7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    68746188 | PA      | $65267905.63   | 0.32%             | 2052-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                           | G2SF 4.0 MA8426 11-20-52                                                                        | CUSIP: 36179XLF1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    35119408 | PA      | $33402244.40   | 0.16%             | 2052-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST GSMS_24-70P                         | GSMS 2024-70P C 144A FRN 03-10-41                                                               | CUSIP: 36269JAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1885000 | PA      | $1883109.35    | 0.01%             | 2041-03-10      | Variable      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST GSMS_24-70P                         | GSMS 2024-70P D 144A FRN 03-10-41                                                               | CUSIP: 36269JAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2897000 | PA      | $2946724.11    | 0.01%             | 2041-03-10      | Variable      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| GWT 2024-WOLF                                                                | GWT 2024-WOLF D 144A FRN 03-15-39                                                               | CUSIP: 39152MAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1809000 | PA      | $1821791.44    | 0.01%             | 2039-03-15      | Variable      | 7.04%                 | Yes           |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                           | G2SF 4.0 MA9776 07-20-54                                                                        | CUSIP: 36179Y2H6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    22325737 | PA      | $21122111.87   | 0.10%             | 2054-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                           | G2SF 4.0 MA9014 07-20-53                                                                        | CUSIP: 36179YAP9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    75897354 | PA      | $72005413.46   | 0.35%             | 2053-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GSMBS 2025-RPL3                                                              | GSMBS 2025-RPL3 A1 144A 4.1% 07-25-65                                                           | CUSIP: 362963AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1593345 | PA      | $1552932.71    | 0.01%             | 2065-07-25      | Variable      | 4.10%                 | Yes           |                  2 | On Loan: No      |
| HILTON USA TRUST HILT_16-HHV                                                 | HILT 2016-HHV D 144A 4.1935% 11-05-38                                                           | CUSIP: 43300LAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1000000 | PA      | $987397.00     | 0.00%             | 2038-11-05      | Fixed         | 4.19%                 | Yes           |                  2 | On Loan: No      |
| HILTON USA TRUST HILT_16-HHV                                                 | HILT 2016-HHV C 144A 4.1935% 11-05-38                                                           | CUSIP: 43300LAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      300000 | PA      | $297248.70     | 0.00%             | 2038-11-05      | Fixed         | 4.19%                 | Yes           |                  2 | On Loan: No      |
| LV TRUST LV_24-SHOW                                                          | LV 2024-SHOW C 144A FRN 10-10-41                                                                | CUSIP: 50245XAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1156000 | PA      | $1165113.90    | 0.01%             | 2041-10-10      | Variable      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| MSBAM 2015-C22                                                               | MSBAM 2015-C22 AS 3.561% 04-15-48                                                               | CUSIP: 61690FAP8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      967000 | PA      | $932892.94     | 0.00%             | 2048-04-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| MSBAM 2017-C34                                                               | MSBAM 17-C34 AS 3.859% 11-15-52                                                                 | CUSIP: 61767EAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $482109.00     | 0.00%             | 2052-11-15      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| MULTIFAMILY CONNECTICUT AVENUE SECURITIES MCAS_20-1                          | MCAS 2020-01 M10 144A FRN 03-25-50                                                              | CUSIP: 62548QAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1762975 | PA      | $1797624.44    | 0.01%             | 2050-03-25      | Variable      | 8.22%                 | Yes           |                  2 | On Loan: No      |
| MILL CITY MORTGAGE TRUST MCMLT_18-2                                          | MCMLT 2018-2 M3 144A FRN 05-25-58                                                               | CUSIP: 59980MAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1496828 | PA      | $1400166.98    | 0.01%             | 2058-05-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST MCMLT_17-1                                     | MCMLT 2017-1 B2 144A FRN 11-25-58                                                               | CUSIP: 59981HAF8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1000000 | PA      | $912353.00     | 0.00%             | 2058-11-25      | Variable      | 3.71%                 | Yes           |                  2 | On Loan: No      |
| OMW 2020-1MW                                                                 | OMW 2020-1MW C 144A FRN 09-10-39                                                                | CUSIP: 563136AG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      980769 | PA      | $932816.26     | 0.00%             | 2039-09-10      | Variable      | 2.41%                 | Yes           |                  2 | On Loan: No      |
| MSFW COMMERCIAL MORTGAGE TRUST MSFW_23-1                                     | MSWF 2023-1 B FRN 05-15-33                                                                      | CUSIP: 55376CAW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1231000 | PA      | $1315452.76    | 0.01%             | 2033-05-15      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| MCAS 2023-01                                                                 | MCAS 2023-01 M10 144A FRN 11-25-53                                                              | CUSIP: 62548NAB4<br>LEI: 254900JAK6X5OPMD5925 | Long             | ABS-CBDO         | CORP              | US        |    46028000 | PA      | $52116491.78   | 0.25%             | 2053-11-25      | Variable      | 10.86%                | Yes           |                  2 | On Loan: No      |
| MCAS 2023-01                                                                 | MCAS 2023-01 M7 144A FRN 11-25-53                                                               | CUSIP: 62548NAA6<br>LEI: 254900JAK6X5OPMD5925 | Long             | ABS-CBDO         | CORP              | US        |    19383267 | PA      | $20231556.05   | 0.10%             | 2053-11-25      | Variable      | 8.36%                 | Yes           |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST MSWF_23-2                                     | MSWF 2023-2 C FRN 12-15-56                                                                      | CUSIP: 55361AAZ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      392000 | PA      | $407059.86     | 0.00%             | 2056-12-15      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| MCAS 2024-01                                                                 | MCAS 2024-01 M10 144A FRN 07-25-54                                                              | CUSIP: 62548RAB5<br>LEI: 254900QY3MMJFMNKXA93 | Long             | ABS-CBDO         | CORP              | US        |      971000 | PA      | $1012025.72    | 0.00%             | 2054-07-25      | Variable      | 8.21%                 | Yes           |                  2 | On Loan: No      |
| MCAS 2024-01                                                                 | MCAS 2024-01 M7 144A FRN 07-25-54                                                               | CUSIP: 62548RAA7<br>LEI: 254900QY3MMJFMNKXA93 | Long             | ABS-CBDO         | CORP              | US        |      267166 | PA      | $271147.78     | 0.00%             | 2054-07-25      | Variable      | 7.11%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST MSRM_24-INV2                  | MSRM 2024-INV2 A1 144A FRN 02-25-54                                                             | CUSIP: 617939AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     6944194 | PA      | $7067766.33    | 0.03%             | 2054-02-25      | Variable      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MSBAM 2025-5C1                                                               | MSBAM 25-5C1 B FRN 03-15-30                                                                     | CUSIP: 61778GAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $521721.50     | 0.00%             | 2030-03-15      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| MSBAM 2025-5C1                                                               | MSBAM 25-5C1 C FRN 03-15-30                                                                     | CUSIP: 61778GAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      490000 | PA      | $509433.40     | 0.00%             | 2030-03-15      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| MCAS 2025-01                                                                 | MCAS 2025-01 M1 144A FRN 05-25-55                                                               | CUSIP: 62549CAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     6809498 | PA      | $6852820.36    | 0.03%             | 2055-05-25      | Variable      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| MCAS 2025-01                                                                 | MCAS 2025-01 M2 144A FRN 05-25-55                                                               | CUSIP: 62549CAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1614000 | PA      | $1626458.47    | 0.01%             | 2055-05-25      | Variable      | 7.46%                 | Yes           |                  2 | On Loan: No      |
| NY 2025-299P                                                                 | NY 2025-299P A 144A FRN 02-10-47                                                                | CUSIP: 62957FAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    14245000 | PA      | $14982563.37   | 0.07%             | 2047-02-10      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST NYC_25-3BP                                     | NYC 2025-3BP D 144A FRN 02-15-42                                                                | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1094000 | PA      | $1089843.89    | 0.01%             | 2042-02-15      | Variable      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST NYC_25-3BP                                     | NYC 2025-3BP C 144A FRN 02-15-42                                                                | CUSIP: 67120UAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      631000 | PA      | $631280.80     | 0.00%             | 2042-02-15      | Variable      | 6.04%                 | Yes           |                  2 | On Loan: No      |
| NZES 2025-FHT1                                                               | NZES 2025-FHT1 A 144A 6.545% 03-25-32                                                           | CUSIP: 64832EAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    39442154 | PA      | $39838508.35   | 0.19%             | 2032-03-25      | Variable      | 6.54%                 | Yes           |                  2 | On Loan: No      |
| ONE MARKET PLAZA TRUST OMPT_17-1MKT                                          | OMPT 2017-1MKT A 144A 3.6139% 02-10-32                                                          | CUSIP: 68245HAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2045254 | PA      | $1983358.22    | 0.01%             | 2032-02-10      | Fixed         | 3.61%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC - STACR 2020-DNA3                                                | STACR 2020-DNA3 B1 144A FRN 06-27-50                                                            | CUSIP: 35565WBD3<br>LEI: 5493000ITGOA1OPGRQ72 | Long             | ABS-CBDO         | CORP              | US        |     1453158 | PA      | $1554086.96    | 0.01%             | 2050-06-27      | Variable      | 9.57%                 | Yes           |                  2 | On Loan: No      |
| STORAGEMART COMMERCIAL MORTGAGE TRUST SMRT_22-MINI                           | SMRT 2022-MINI D 144A FRN 01-15-39                                                              | CUSIP: 78457JAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     8907500 | PA      | $8869313.55    | 0.04%             | 2039-01-15      | Variable      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                               | BRASKEM NETHERLANDS FINANCE BV REG S SR UNSEC 4.5% 01-10-28                                     | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |     4397000 | PA      | $1901702.50    | 0.01%             | 2028-01-10      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC                                                               | BOMBARDIER INC 144A LIFE SR UNSEC 7.875% 04-15-27                                               | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |      272000 | PA      | $273359.18     | 0.00%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO/THE                                                                | BOEING CO SR UNSEC 5.705% 05-01-40                                                              | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     3706000 | PA      | $3783763.00    | 0.02%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | BANK OF AMERICA CORP SR UNSEC 4.948% 07-22-28/27                                                | CUSIP: 06051GKW8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    17615000 | PA      | $17871386.33   | 0.09%             | 2028-07-22      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-DNA2                                  | STACR 2022-DNA2 M1A 144A FRN 02-25-42                                                           | CUSIP: 35564KRE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1074160 | PA      | $1074328.46    | 0.01%             | 2042-02-25      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| SWCH 2025-DATA                                                               | SWCH 2025-DATA E 144A FRN 03-15-42                                                              | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     8831000 | PA      | $8819961.25    | 0.04%             | 2042-03-15      | Variable      | 7.49%                 | Yes           |                  2 | On Loan: No      |
| SWCH 2025-DATA                                                               | SWCH 2025-DATA D 144A FRN 03-15-42                                                              | CUSIP: 78489CAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1957000 | PA      | $1952252.32    | 0.01%             | 2042-03-15      | Variable      | 6.79%                 | Yes           |                  2 | On Loan: No      |
| STACR 2025-DNA2                                                              | STACR 2025-DNA2 A1 144A FRN 05-25-45                                                            | CUSIP: 35564NHY2<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-CBDO         | CORP              | US        |     2445237 | PA      | $2452650.61    | 0.01%             | 2045-05-25      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| STACR 2025-DNA3                                                              | STACR 2025-DNA3 A1 144A FRN 09-25-45                                                            | CUSIP: 35564UAQ0<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-CBDO         | CORP              | US        |      662000 | PA      | $664065.44     | 0.00%             | 2045-09-25      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| SCG 2025-SNIP                                                                | SCG 2025-SNIP A 144A FRN 09-15-42                                                               | CUSIP: 78398JAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3428000 | PA      | $3443014.64    | 0.02%             | 2042-09-15      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SEMT 2025-HYB1                                                               | SEMT 2025-HYB1 A1A 144A FRN 10-25-55                                                            | CUSIP: 816938AB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2735000 | PA      | $2749769.00    | 0.01%             | 2055-10-25      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-3                                          | TPMT 2016-3 B3 144A FRN 04-25-56                                                                | CUSIP: 89172YAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3500000 | PA      | $3325682.50    | 0.02%             | 2056-04-25      | Variable      | 4.09%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC                                                               | BOMBARDIER INC 144A LIFE SR UNSEC 7.5% 02-01-29                                                 | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     8339000 | PA      | $8702947.32    | 0.04%             | 2029-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                               | BRASKEM NETHERLANDS FINANCE BV 144A LIFE SR UNSEC 7.25% 02-13-33                                | CUSIP: 10554TAG0<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |     7945000 | PA      | $3054693.60    | 0.01%             | 2033-02-13      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TCN 2025-SFR2                                                                | TCN 2025-SFR2 B 144A 5.424% 08-17-44                                                            | CUSIP: 89617FAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1500000 | PA      | $1526095.50    | 0.01%             | 2044-08-17      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| UBS COMMERCIAL MORTGAGE TRUST UBSCM_17-C3                                    | UBSCM 2017-C3 C FRN 08-15-50                                                                    | CUSIP: 90276GAY8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1582444 | PA      | $1471536.83    | 0.01%             | 2050-08-15      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                                  | FNCL 6.0 UMBS TBA 10-01-55                                                                      | CUSIP: 01F0606A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   353498779 | PA      | $361185256.45  | 1.76%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                                  | FNCL 3.5 UMBS TBA 10-01-55                                                                      | CUSIP: 01F0326A7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    18274464 | PA      | $16698401.13   | 0.08%             | 2055-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                                  | FNCL 7.0 UMBS TBA 10-01-55                                                                      | CUSIP: 01F0706A7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    37613000 | PA      | $39347260.20   | 0.19%             | 2055-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                                  | FNCL 2.5 UMBS TBA 10-01-55                                                                      | CUSIP: 01F0226A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    97582849 | PA      | $82228382.88   | 0.40%             | 2055-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                                  | FNCL 4.0 UMBS TBA 10-01-55                                                                      | CUSIP: 01F0406A0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     5083195 | PA      | $4791404.36    | 0.02%             | 2055-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                                  | FNCL 5.5 UMBS TBA 10-01-55                                                                      | CUSIP: 01F0526A5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     6516652 | PA      | $6571352.78    | 0.03%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                               | BRASKEM NETHERLANDS FINANCE BV REG S SR UNSEC 7.25% 02-13-33                                    | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |     3000000 | PA      | $1153440.00    | 0.01%             | 2033-02-13      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BHP BILLITON FINANCE (USA) LTD                                               | BHP BILLITON FINANCE USA LTD SR UNSEC 4.9% 02-28-33                                             | CUSIP: 055451BA5<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |     4431000 | PA      | $4530994.38    | 0.02%             | 2033-02-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                                  | FNCL 6.0 UMBS TBA 11-01-55                                                                      | CUSIP: 01F0606B6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    19935418 | PA      | $20363431.42   | 0.10%             | 2055-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                                  | FNCL 3.5 UMBS TBA 11-01-55                                                                      | CUSIP: 01F0326B5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    57361877 | PA      | $52399042.13   | 0.26%             | 2055-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                                  | FNCL 2.5 UMBS TBA 11-01-55                                                                      | CUSIP: 01F0226B6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    11968414 | PA      | $10087075.07   | 0.05%             | 2055-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                         | BOSTON PROPERTIES LP SR UNSEC 6.5% 01-15-34                                                     | CUSIP: 10112RBH6<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    11823000 | PA      | $12757868.26   | 0.06%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                             | BAT CAPITAL CORP SR UNSEC 7.081% 08-02-53                                                       | CUSIP: 054989AD0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    11800000 | PA      | $13533927.40   | 0.07%             | 2053-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                             | BAT CAPITAL CORP SR UNSEC 6.421% 08-02-33                                                       | CUSIP: 054989AB4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     5707000 | PA      | $6267478.76    | 0.03%             | 2033-08-02      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FINANCE (USA) LTD                                               | BHP BILLITON FINANCE USA LTD SR UNSEC 5.25% 09-08-33                                            | CUSIP: 055451BE7<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    22008000 | PA      | $22928484.60   | 0.11%             | 2033-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                               | BRASKEM NETHERLANDS FINANCE BV REG S SR UNSEC 8.5% 01-12-31                                     | CUSIP: N/A<br>LEI: 2549000TLMHFQ74DS330       | Long             | DBT              | CORP              | NL        |     2603000 | PA      | $1016796.88    | 0.00%             | 2031-01-12      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                               | BRASKEM NETHERLANDS FINANCE BV 144A LIFE SR UNSEC 8.5% 01-12-31                                 | CUSIP: 10554TAH8<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |     8660000 | PA      | $3382812.50    | 0.02%             | 2031-01-12      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| B&G FOODS INC                                                                | B&G FOODS INC 144A LIFE SR SEC 1ST LIEN 8.0% 09-15-28                                           | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    12970000 | PA      | $12583001.14   | 0.06%             | 2028-09-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | BANK OF AMERICA CORP SR UNSEC 5.872% 09-15-34/33                                                | CUSIP: 06051GLU1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      130000 | PA      | $139357.14     | 0.00%             | 2034-09-15      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD                                                                 | BORR IHC LTD 144A LIFE SR SEC 1ST LIEN SF 10.375% 11-15-30                                      | CUSIP: 100018AB6<br>LEI: 254900WQF2MM46DNLY83 | Long             | DBT              | CORP              | US        |     9271845 | PA      | $9295515.72    | 0.05%             | 2030-11-15      | Fixed         | 10.38%                | Yes           |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                      | BRISTOL-MYERS SQUIBB CO SR UNSEC 6.25% 11-15-53                                                 | CUSIP: 110122EB0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |      821000 | PA      | $897126.40     | 0.00%             | 2053-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                               | BOMBARDIER INC 144A LIFE SR UNSEC 8.75% 11-15-30                                                | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     9075000 | PA      | $9797751.15    | 0.05%             | 2030-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                                         | BAYER US FINANCE LLC 144A LIFE SR UNSEC 6.5% 11-21-33                                           | CUSIP: 07274EAL7<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |     1011000 | PA      | $1090997.40    | 0.01%             | 2033-11-21      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                                         | BAYER US FINANCE LLC 144A LIFE SR UNSEC 6.875% 11-21-53                                         | CUSIP: 07274EAM5<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |      663000 | PA      | $722275.52     | 0.00%             | 2053-11-21      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                                   | CAPITAL ONE FINANCIAL CORP SR UNSEC 5.7% 02-01-30/29                                            | CUSIP: 14040HDE2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     6800000 | PA      | $7061507.60    | 0.03%             | 2030-02-01      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                                   | CAPITAL ONE FINANCIAL CORP SR UNSEC 6.051% 02-01-35/34                                          | CUSIP: 14040HDF9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    15844000 | PA      | $16824806.98   | 0.08%             | 2035-02-01      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                              | CIGNA GROUP SR UNSEC 5.25% 02-15-34                                                             | CUSIP: 125523CV0<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     2670000 | PA      | $2749288.32    | 0.01%             | 2034-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                                               | CONSOLIDATED ENERGY FINANCE SA 144A LIFE SR UNSEC 12.0% 02-15-31                                | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    17300000 | PA      | $15851228.80   | 0.08%             | 2031-02-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                           | CNX RESOURCES CORP 144A LIFE SR UNSEC 7.25% 03-01-32                                            | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     1960000 | PA      | $2034826.92    | 0.01%             | 2032-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| WEF 2025-1A                                                                  | WEF 2025-1A C 144A 4.76% 09-20-33                                                               | CUSIP: 97415CAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      213000 | PA      | $213147.40     | 0.00%             | 2033-09-20      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC ONDK_24-1                              | ONDK 2024-1A B 144A 7.15% 06-17-31                                                              | CUSIP: 67118NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      652000 | PA      | $659754.24     | 0.00%             | 2031-06-17      | Fixed         | 7.15%                 | Yes           |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC ONDK_24-1                              | ONDK 2024-1A C 144A 8.99% 06-17-31                                                              | CUSIP: 67118NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      474000 | PA      | $489402.63     | 0.00%             | 2031-06-17      | Fixed         | 8.99%                 | Yes           |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC ONDK_24-1                              | ONDK 2024-1A A 144A 6.27% 06-17-31                                                              | CUSIP: 67118NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    10643000 | PA      | $10716457.99   | 0.05%             | 2031-06-17      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| XROAD 2024-A                                                                 | XROAD 2024-A A2 144A 5.9% 08-20-30                                                              | CUSIP: 227927AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      930373 | PA      | $943120.49     | 0.00%             | 2030-08-20      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| ZAYO ISSUER LLC ZAYO_25-2A                                                   | ZAYO 2025-2A A2 144A 5.953% 06-20-55                                                            | CUSIP: 98919WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1030281.00    | 0.01%             | 2055-06-20      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| ZAYO ISSUER LLC ZAYO_25-2A                                                   | ZAYO 2025-2A B 144A 6.586% 06-20-55                                                             | CUSIP: 98919WAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1038979.00    | 0.01%             | 2055-06-20      | Fixed         | 6.59%                 | Yes           |                  2 | On Loan: No      |
| STRATEGY INC                                                                 | MICROSTRATEGY INC CV 144A LIFE SR UNSEC 0.0% 12-01-29                                           | CUSIP: 594972AR2<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |     9268000 | PA      | $8329716.95    | 0.04%             | 2029-12-01      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| HOME DEPOT INC                                                               | HOME DEPOT INC SR UNSEC 5.4% 06-25-64                                                           | CUSIP: 437076DG4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    13717000 | PA      | $13565907.25   | 0.07%             | 2064-06-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                 | UBS GROUP AG WD COCO PRP 144A LIFE SUB (H) 4.375% 12-31-79/02-10-31                             | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     4980000 | PA      | $4536854.70    | 0.02%             | 2079-12-31      | Variable      | 4.38%                 | Yes           |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT INC                                                     | JACOBS ENTERTAINMENT INC 144A LIFE SR UNSEC 6.75% 02-15-29                                      | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |     5305000 | PA      | $5182693.23    | 0.03%             | 2029-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| OWENS & MINOR INC                                                            | OWENS & MINOR INC 144A LIFE SR UNSEC 6.625% 04-01-30                                            | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    19590000 | PA      | $16180164.60   | 0.08%             | 2030-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| 3R LUX SARL                                                                  | 3R LUX SARL 144A LIFE SR SEC 1ST LIEN 9.75% 02-05-31                                            | CUSIP: 88563PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     6224000 | PA      | $6576900.80    | 0.03%             | 2031-02-05      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| ALPHA BANK SA                                                                | ALPHA BANK SA EUR REG S SR UNSEC (B) 5.0% 05-12-30/29                                           | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | DBT              | CORP              | GR        |     2615000 | PA      | $3279944.97    | 0.02%             | 2030-05-12      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE LTD                                                   | ARDONAGH GROUP FINANCE LTD 144A LIFE SR UNSEC 8.875% 02-15-32                                   | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | GB        |     4885000 | PA      | $5139430.34    | 0.03%             | 2032-02-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                                                      | ASTRAZENECA FINANCE LLC SR UNSEC 5.0% 02-26-34                                                  | CUSIP: 04636NAN3<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    16875000 | PA      | $17410173.75   | 0.08%             | 2034-02-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                   | ABBVIE INC SR UNSEC 5.35% 03-15-44                                                              | CUSIP: 00287YDV8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     1350000 | PA      | $1358147.25    | 0.01%             | 2044-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                   | ABBVIE INC SR UNSEC 5.5% 03-15-64                                                               | CUSIP: 00287YDX4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     3650000 | PA      | $3650981.85    | 0.02%             | 2064-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                   | ABBVIE INC SR UNSEC 5.4% 03-15-54                                                               | CUSIP: 00287YDW6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     4407000 | PA      | $4385189.76    | 0.02%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                   | ABBVIE INC SR UNSEC 5.05% 03-15-34                                                              | CUSIP: 00287YDU0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    32320000 | PA      | $33269173.76   | 0.16%             | 2034-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                                                      | AMERICA MOVIL SAB DE CV MXN SR UNSEC 10.125% 01-22-29                                           | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | DBT              | CORP              | MX        |  1283880000 | PA      | $73050448.00   | 0.36%             | 2029-01-22      | Fixed         | 10.12%                | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                          | AMERICAN EXPRESS CO SR UNSEC 5.284% 07-26-35/34                                                 | CUSIP: 025816DW6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     7807000 | PA      | $8061313.03    | 0.04%             | 2035-07-26      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| ACURIS FINANCE US INC                                                        | ACURIS FINANCE US INC 144A LIFE SR SEC 1ST LIEN 9.0% 08-01-29                                   | CUSIP: 00511BAE7<br>LEI: 213800PHEXJH1L7ZN896 | Long             | DBT              | CORP              | US        |    16675000 | PA      | $17439548.75   | 0.09%             | 2029-08-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 3.45% 02-01-52                                    | CUSIP: 842400HN6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    11088000 | PA      | $7385029.34    | 0.04%             | 2052-02-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 2.75% 02-01-32                                    | CUSIP: 842400HM8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     9627000 | PA      | $8470614.39    | 0.04%             | 2032-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                          | SYNCHRONY FINANCIAL SUB 7.25% 02-02-33                                                          | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     9096000 | PA      | $9710925.98    | 0.05%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                                      | SASOL FINANCING USA LLC 144A LIFE SR UNSEC 8.75% 05-03-29                                       | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    15000000 | PA      | $15572490.00   | 0.08%             | 2029-05-03      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| SUTTER HEALTH                                                                | SUTTER HEALTH SR UNSEC 5.164% 08-15-33                                                          | CUSIP: 86944BAK9<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |     9905000 | PA      | $10185083.69   | 0.05%             | 2033-08-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                     | SERVICE PROPERTIES TRUST 144A LIFE SR SEC 1ST LIEN 8.625% 11-15-31                              | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     5145000 | PA      | $5481838.01    | 0.03%             | 2031-11-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 5.2% 06-01-34                                     | CUSIP: 842400HZ9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     5500000 | PA      | $5471207.50    | 0.03%             | 2034-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                                                         | TALOS PRODUCTION INC 144A LIFE SR SEC 2ND LIEN 9.375% 02-01-31                                  | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |     2551000 | PA      | $2658960.87    | 0.01%             | 2031-02-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                                                         | TALOS PRODUCTION INC 144A LIFE SR SEC 2ND LIEN 9.0% 02-01-29                                    | CUSIP: 87485LAD6<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |     2789000 | PA      | $2885954.01    | 0.01%             | 2029-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                                                        | TEXAS INSTRUMENTS INC SR UNSEC 4.85% 02-08-34                                                   | CUSIP: 882508CH5<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |     5003000 | PA      | $5139141.64    | 0.03%             | 2034-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                                 | TRANSOCEAN INTERNATIONAL LTD 144A LIFE SR UNSEC 8.5% 05-15-31                                   | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | US        |     4170000 | PA      | $4089773.37    | 0.02%             | 2031-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                                 | TRANSOCEAN INTERNATIONAL LTD 144A LIFE SR UNSEC 8.25% 05-15-29                                  | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | US        |     4864000 | PA      | $4799289.34    | 0.02%             | 2029-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| TRANSPORTADORA DE GAS DEL SUR SA                                             | TRANSPORTADORA DE GAS DEL SUR SA 144A LIFE SR UNSEC 8.5% 07-24-31                               | CUSIP: 893870AY1<br>LEI: 5299002TRC7IFQYSW596 | Long             | DBT              | CORP              | AR        |    10200000 | PA      | $10506530.40   | 0.05%             | 2031-07-24      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                        | TRUIST FINANCIAL CORP SR UNSEC 5.153% 08-05-32/31                                               | CUSIP: 89788MAT9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    12783000 | PA      | $13159254.82   | 0.06%             | 2032-08-05      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| TENNESSEE VALLEY AUTHORITY                                                   | TENNESSEE VALLEY AUTHORITY 8/1/2034                                                             | CUSIP: 880591FB3<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    23053000 | PA      | $23323208.82   | 0.11%             | 2034-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                                                     | TOTALENERGIES CAPITAL SA SR UNSEC 4.724% 09-10-34                                               | CUSIP: 89157XAD3<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |     1001000 | PA      | $1008279.27    | 0.00%             | 2034-09-10      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| TARGET CORP                                                                  | TARGET CORP SR UNSEC 4.5% 09-15-34                                                              | CUSIP: 87612EBS4<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |     5419000 | PA      | $5350281.66    | 0.03%             | 2034-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TARGET CORP                                                                  | TARGET CORP SR UNSEC 5.0% 04-15-35                                                              | CUSIP: 87612EBT2<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |     5065000 | PA      | $5130667.73    | 0.03%             | 2035-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                             | T-MOBILE USA INC SR UNSEC 5.3% 05-15-35                                                         | CUSIP: 87264ADT9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     2812000 | PA      | $2881577.32    | 0.01%             | 2035-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                                                        | TEXAS INSTRUMENTS INC SR UNSEC 5.1% 05-23-35                                                    | CUSIP: 882508CM4<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |     8415000 | PA      | $8680804.61    | 0.04%             | 2035-05-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FM7803 06-01-51                                                                   | CUSIP: 3140XBU57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     9670043 | PA      | $7939192.54    | 0.04%             | 2051-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB0046 04-01-51                                                                   | CUSIP: 3140QKBQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   121801769 | PA      | $107153035.22  | 0.52%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.5 RA8647 05-01-53                                                                   | CUSIP: 3133KQTC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1441981 | PA      | $1405489.92    | 0.01%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.5 SD2465 10-01-52                                                                   | CUSIP: 3132DPW20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1435872 | PA      | $1400278.54    | 0.01%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.5 QE9497 09-01-52                                                                   | CUSIP: 3133BKRS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     3552657 | PA      | $3477198.23    | 0.02%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.5 QE8579 08-01-52                                                                   | CUSIP: 3133BJQ88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     3219814 | PA      | $3152139.96    | 0.02%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.5 QF0212 09-01-52                                                                   | CUSIP: 3133BMGV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    14426595 | PA      | $14068973.85   | 0.07%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.5 FS5554 11-01-52                                                                   | CUSIP: 3140XME44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    12168258 | PA      | $11827680.42   | 0.06%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.0 CB4548 09-01-52                                                                   | CUSIP: 3140QQBS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     8167996 | PA      | $7716567.37    | 0.04%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.0 SD1502 07-01-52                                                                   | CUSIP: 3132DNU35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    17320540 | PA      | $16375462.31   | 0.08%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.0 FS2654 08-01-52                                                                   | CUSIP: 3140XH5Q6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    10549950 | PA      | $9978342.83    | 0.05%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.0 CB7076 09-01-53                                                                   | CUSIP: 3140QS2J9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    33320709 | PA      | $31467111.13   | 0.15%             | 2053-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.0 CB7075 09-01-53                                                                   | CUSIP: 3140QS2H3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    55093384 | PA      | $52099609.66   | 0.25%             | 2053-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FM9068 10-01-51                                                                   | CUSIP: 3140XDCE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     9034346 | PA      | $7691797.29    | 0.04%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 SD0644 07-01-51                                                                   | CUSIP: 3132DMWD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    11002974 | PA      | $9374171.07    | 0.05%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.5 CB4801 10-01-52                                                                   | CUSIP: 3140QQKP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    10939517 | PA      | $10678970.72   | 0.05%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QC6459 08-01-51                                                                   | CUSIP: 3133ARE84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      258940 | PA      | $228119.25     | 0.00%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QC4764 07-01-51                                                                   | CUSIP: 3133APJH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      876259 | PA      | $771957.43     | 0.00%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QC5857 08-01-51                                                                   | CUSIP: 3133AQQJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      893540 | PA      | $786079.43     | 0.00%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BT0186 08-01-51                                                                   | CUSIP: 3140LNF44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       89542 | PA      | $78884.60      | 0.00%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.326% 09-19-25/09-19-32 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $9384407.32    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX GBP 3.788% 09-18-25/09-18-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-947294.19    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.4225% 09-22-25/09-22-32 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3878393.77    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX GBP 3.804% 09-19-25/09-19-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-461433.99    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX GBP 3.822% 09-19-25/09-19-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-258102.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | SOFR 90DAY FUT OPT SFRZ5C C @ 97 12-12-25                                                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |        4614 | NC      | $86512.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | SOFR 90DAY FUT OPT SFRZ5C C @ 97.5 12-12-25                                                     | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |        4615 | NC      | $28843.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | SOFR 90DAY FUT OPT SFRZ5C C @ 96.5 12-12-25                                                     | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |        4614 | NC      | $317212.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | SOFR 90DAY FUT OPT SFRZ6C C @ 98 12-11-26                                                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |         215 | NC      | $41656.25      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | SOFR 90DAY FUT OPT SFRZ5P P @ 95.6875 12-12-25                                                  | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |      110201 | NC      | $688756.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TMX GROUP LTD                                                                | CORRA 90DAY FUT CORH6 06-16-26                                                                  | CUSIP: N/A<br>LEI: 549300N65GFVKSHGJW59       | N/A              | DIR              | CORP              | CA        |       10386 | NC      | $6623894.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AG                                                            | EURO-SCHATZ 2YR FUT DUZ5 12-08-25                                                               | CUSIP: N/A<br>LEI: 529900LN3S50JPU47S06       | N/A              | DIR              | CORP              | DE        |        8589 | NC      | $-1437688.81   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AG                                                            | EURO-BUXL 30YR FUT UBZ5 12-08-25                                                                | CUSIP: N/A<br>LEI: 529900LN3S50JPU47S06       | N/A              | DIR              | CORP              | DE        |        2279 | NC      | $-4203425.59   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | FED FUND 30DAY FUT FFV5 10-31-25                                                                | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       22975 | NC      | $-2903295.76   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AG                                                            | FRA GB 10YR FUT OATZ5 12-08-25                                                                  | CUSIP: N/A<br>LEI: 529900LN3S50JPU47S06       | N/A              | DIR              | CORP              | DE        |        5552 | NC      | $86548.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AG                                                            | ITA GB 10YR FUT IKZ5 12-08-25                                                                   | CUSIP: N/A<br>LEI: 529900LN3S50JPU47S06       | N/A              | DIR              | CORP              | DE        |        3887 | NC      | $-5956802.95   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN EXCHANGE GROUP INC                                                     | JPN GB 10YR FUT JBZ5 12-15-25                                                                   | CUSIP: N/A<br>LEI: 353800578ADEGIJTVW07       | N/A              | DIR              | CORP              | JP        |        1484 | NC      | $9814398.03    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | SOFR 90DAY FUT SFRH6 06-16-26                                                                   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |        1187 | NC      | $477179.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | SOFR 90DAY FUT SFRU5 12-16-25                                                                   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       11650 | NC      | $-5416925.07   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | SOFR 90DAY FUT SFRZ5 03-17-26                                                                   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |        4040 | NC      | $-680616.78    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | UST 5YR FUT FVZ5 12-31-25                                                                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       11017 | NC      | $-945434.16    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | UST 2YR FUT TUZ5 12-31-25                                                                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       91850 | NC      | $6167670.91    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | UST 20YR FUT USZ5 12-19-25                                                                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |        5610 | NC      | $14940725.91   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | UST 10YR FUT TYZ5 12-19-25                                                                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       17341 | NC      | $2667263.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | UST 30YR FUT ULTRA WNZ5 12-19-25                                                                | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |        1775 | NC      | $-5574036.99   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                              | UST 10YR FUT ULTRA UXYZ5 12-19-25                                                               | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       19372 | NC      | $-19371523.42  | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                          | AUD FWD PUR FROM USD 10/7/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $860664.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | AUD FWD SALE TO USD 10/7/2025                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-167775.91    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | AUD FWD SALE TO USD 10/7/2025                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-114481.71    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BRL FWD SALE TO USD NDF 10/9/2025                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-2058299.61   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BRL FWD SALE TO USD NDF 10/14/2025                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-5625922.58   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BRL FWD PUR FROM USD NDF 10/14/2025                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-813270.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BRL FWD PUR FROM USD NDF 10/9/2025                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-217050.34    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | BRL FWD PUR FROM USD NDF 10/27/2025                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-990472.04    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST I RPM_22-3                          | RPM 2022-3A A 144A 5.38% 11-25-30                                                               | CUSIP: 76088TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      446200 | PA      | $446336.93     | 0.00%             | 2030-11-25      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| RR LTD RRAM_21-14A                                                           | RRAM 2021-14A A1 CLO 144A FRN 04-15-36                                                          | CUSIP: 74980PAA1<br>LEI: 54930006FTQV76P0VH16 | Long             | ABS-O            | CORP              | KY        |     1500000 | PA      | $1503025.50    | 0.01%             | 2036-04-15      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| REG23_21-4A                                                                  | REG23 2021-4A A1 CLO 144A FRN 01-20-35                                                          | CUSIP: 75889FAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      800000 | PA      | $801683.20     | 0.00%             | 2035-01-20      | Variable      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO LTD ROCKT_21-1A                                           | ROCKT 2021-1A D CLO 144A FRN 07-20-34                                                           | CUSIP: 77341KAJ0<br>LEI: 5493000QG193Z8ZVLY16 | Long             | ABS-O            | CORP              | KY        |     1191259 | PA      | $1194152.57    | 0.01%             | 2034-07-20      | Variable      | 7.59%                 | Yes           |                  2 | On Loan: No      |
| REACH 2024-2A                                                                | REACH 2024-2A B 144A 5.84% 07-15-31                                                             | CUSIP: 75525HAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1461000 | PA      | $1485880.83    | 0.01%             | 2031-07-15      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| REACH 2024-2A                                                                | REACH 2024-2A A 144A 5.88% 07-15-31                                                             | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      242028 | PA      | $243306.41     | 0.00%             | 2031-07-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| RESEARCH DRIVEN PAGAYA MOTOR ASSET TRUST RPM _25-4                           | RPM 2025-4A B 144A 5.497% 04-25-34                                                              | CUSIP: 76089MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3428000 | PA      | $3447004.83    | 0.02%             | 2034-04-25      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| RESEARCHDRIVEN PAGAYA MOTOR ASSET TRUST RPM_25-5                             | RPM 2025-5A B 144A 5.228% 06-26-34                                                              | CUSIP: 76089KAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2156000 | PA      | $2157347.50    | 0.01%             | 2034-06-26      | Fixed         | 5.23%                 | Yes           |                  2 | On Loan: No      |
| RESEARCHDRIVEN PAGAYA MOTOR ASSET TRUST RPM_25-5                             | RPM 2025-5A A2 144A 4.575% 06-26-34                                                             | CUSIP: 76089KAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1427000 | PA      | $1427501.68    | 0.01%             | 2034-06-26      | Fixed         | 4.58%                 | Yes           |                  2 | On Loan: No      |
| RESEARCHDRIVEN PAGAYA MOTOR ASSET TRUST RPM_25-5                             | RPM 2025-5A A3 144A 4.838% 06-26-34                                                             | CUSIP: 76089KAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3309000 | PA      | $3310938.87    | 0.02%             | 2034-06-26      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| ROMARK CLO LTD RMRK_18-1A                                                    | RMRK 2018-1A A1 CLO 144A FRN 04-20-31                                                           | CUSIP: 77587AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      130532 | PA      | $130573.41     | 0.00%             | 2031-04-20      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| SUTTONPARK STRUCTURED SETTLEMENTS SPSS_2021-1                                | SPSS 2021-A A 144A 1.95% 09-15-75                                                               | CUSIP: 78472VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1417336 | PA      | $1378682.47    | 0.01%             | 2075-09-15      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| SMB 2024-A                                                                   | SMB 2024-A D 144A 8.22% 03-15-56                                                                | CUSIP: 831943AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     7896000 | PA      | $8577890.66    | 0.04%             | 2056-03-15      | Fixed         | 8.22%                 | Yes           |                  2 | On Loan: No      |
| SDART 2024-4                                                                 | SDART 2024-4 A2 5.41% 07-15-27                                                                  | CUSIP: 802919AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      511186 | PA      | $511417.80     | 0.00%             | 2027-07-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC SUBWAY_24-3                                               | SUBWAY 2024-3A A2I 144A 5.246% 07-30-54                                                         | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    11427645 | PA      | $11449288.96   | 0.06%             | 2054-07-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC SUBWAY_24-3                                               | SUBWAY 2024-3A A2II 144A 5.566% 07-30-54                                                        | CUSIP: 864300AJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    13148640 | PA      | $13220392.13   | 0.06%             | 2054-07-30      | Fixed         | 5.57%                 | Yes           |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC SUBWAY_24-3                                               | SUBWAY 2024-3A A23 144A 5.914% 07-30-54                                                         | CUSIP: 864300AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    13273695 | PA      | $13270522.59   | 0.06%             | 2054-07-30      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| SLAM 2024-1A                                                                 | SLAM 2024-1A A 144A 5.335% 09-15-49                                                             | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    17932940 | PA      | $18109848.10   | 0.09%             | 2049-09-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| SFAST 2024-3A                                                                | SFAST 2024-3A B 144A 4.76% 11-20-31                                                             | CUSIP: 78436XAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2770000 | PA      | $2811450.28    | 0.01%             | 2031-11-20      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| SFAST 2024-3A                                                                | SFAST 2024-3A A2 144A 4.71% 05-22-28                                                            | CUSIP: 78436XAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     7277034 | PA      | $7287854.70    | 0.04%             | 2028-05-22      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| SSTRT 2025-A                                                                 | SSTRT 2025-A B 144A 5.038% 07-25-31                                                             | CUSIP: 81378RAB0<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | US        |      233183 | PA      | $235465.58     | 0.00%             | 2031-07-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| SSTRT 2025-A                                                                 | SSTRT 2025-A C 144A 5.185% 07-25-31                                                             | CUSIP: 81378RAC8<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | US        |      498261 | PA      | $502911.99     | 0.00%             | 2031-07-25      | Fixed         | 5.18%                 | Yes           |                  2 | On Loan: No      |
| SCF EQUIPMENT TRUST LLC SCFET_25-1                                           | SCFET 2025-1A D 144A 5.88% 11-20-35                                                             | CUSIP: 78437DAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      216000 | PA      | $223883.57     | 0.00%             | 2035-11-20      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| STEELE CREEK CLO LTD STCR_19-2A                                              | STCR 2019-2A DR CLO 144A FRN 07-15-32                                                           | CUSIP: 85817EBA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2230000 | PA      | $2201210.70    | 0.01%             | 2032-07-15      | Variable      | 7.12%                 | Yes           |                  2 | On Loan: No      |
| STCR 2019-1A                                                                 | STCR 2019-1A DRR CLO 144A FRN 04-15-32                                                          | CUSIP: 85817BAW9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     1000000 | PA      | $1002420.00    | 0.00%             | 2032-04-15      | Variable      | 7.32%                 | Yes           |                  2 | On Loan: No      |
| SMB 2025-A                                                                   | SMB 2025-A A1A 144A 5.13% 04-15-54                                                              | CUSIP: 83207EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5696490 | PA      | $5806380.83    | 0.03%             | 2054-04-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| SFAST 2025-2A                                                                | SFAST 2025-2A A3 144A 4.44% 12-20-30                                                            | CUSIP: 78398HAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     6998000 | PA      | $7060422.16    | 0.03%             | 2030-12-20      | Fixed         | 4.44%                 | Yes           |                  2 | On Loan: No      |
| SFAST 2025-2A                                                                | SFAST 2025-2A A2 144A 4.52% 11-20-28                                                            | CUSIP: 78398HAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     6049000 | PA      | $6065810.17    | 0.03%             | 2028-11-20      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| SSTRT 2025-B                                                                 | SSTRT 2025-B C 144A 5.121% 12-29-32                                                             | CUSIP: 81378WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1879254 | PA      | $1894507.78    | 0.01%             | 2032-12-29      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| SSTRT 2025-B                                                                 | SSTRT 2025-B D 144A 5.463% 12-29-32                                                             | CUSIP: 81378WAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2271547 | PA      | $2287699.98    | 0.01%             | 2032-12-29      | Fixed         | 5.46%                 | Yes           |                  2 | On Loan: No      |
| BANK 2023-BNK45                                                              | BANK 2023-BNK45 C FRN 02-15-56                                                                  | CUSIP: 06541BCC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1297000 | PA      | $1323301.86    | 0.01%             | 2056-02-15      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK45                                                              | BANK 2023-BNK45 B FRN 02-15-56                                                                  | CUSIP: 06541BBX5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1873000 | PA      | $1952261.61    | 0.01%             | 2056-02-15      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| BANK5 2023-5YR1                                                              | BANK5 2023-5YR1 B FRN 03-15-56                                                                  | CUSIP: 06644EBZ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1741114 | PA      | $1798374.02    | 0.01%             | 2056-03-15      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| BX TRUST BX_21-ACNT                                                          | BX 2021-ACNT E 144A FRN 11-15-38                                                                | CUSIP: 05609QAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      425188 | PA      | $424929.73     | 0.00%             | 2038-11-15      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-SDMF                                      | BX 2021-SDMF E 144A FRN 09-15-34                                                                | CUSIP: 12434CAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      965848 | PA      | $962100.26     | 0.00%             | 2034-09-15      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-VOLT                                      | BX 2021-VOLT D 144A FRN 09-15-36                                                                | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1779158 | PA      | $1774514.30    | 0.01%             | 2036-09-15      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-VOLT                                      | BX 2021-VOLT E 144A FRN 09-15-36                                                                | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2732095 | PA      | $2728521.75    | 0.01%             | 2036-09-15      | Variable      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| BANK5 BANK5_23-5YR2                                                          | BANK5 2023-5YR2 C FRN 07-15-28                                                                  | CUSIP: 06211CAZ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      915000 | PA      | $946303.98     | 0.00%             | 2028-07-15      | Variable      | 7.40%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_23-V3                                         | BMARK 2023-V3 B 6.9237% 07-15-56                                                                | CUSIP: 08163VAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1498000 | PA      | $1553957.79    | 0.01%             | 2056-07-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| BBCMS 2018-TALL                                                              | BBCMS 2018-TALL A 144A FRN 03-15-37                                                             | CUSIP: 05548WAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2667000 | PA      | $2531620.41    | 0.01%             | 2037-03-15      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_23-5C1                                                | BMO 2023-5C1 B FRN 08-15-56                                                                     | CUSIP: 055986AG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2804000 | PA      | $2932047.46    | 0.01%             | 2056-08-15      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_23-5C1                                                | BMO 2023-5C1 C FRN 08-15-56                                                                     | CUSIP: 055986AH6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1075000 | PA      | $1111498.40    | 0.01%             | 2056-08-15      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_23-5C1                                                | BMO 2023-5C1 A3 FRN 08-15-56                                                                    | CUSIP: 055986AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    41374000 | PA      | $43472282.41   | 0.21%             | 2056-08-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK46                                                              | BANK 2023-BNK46 C FRN 08-15-56                                                                  | CUSIP: 06541DBY9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1480000 | PA      | $1555762.68    | 0.01%             | 2056-08-15      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK46                                                              | BANK 2023-BNK46 B FRN 08-15-56                                                                  | CUSIP: 06541DBT0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1192659 | PA      | $1277678.89    | 0.01%             | 2056-08-15      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC BBCMS_23-C22                     | BBCMS 2023-C22 C FRN 11-15-56                                                                   | CUSIP: 05554FAK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      457000 | PA      | $466711.71     | 0.00%             | 2056-11-15      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| BANK5 BANK5_23-5YR4                                                          | BANK5 2023-5YR4 C FRN 12-15-56                                                                  | CUSIP: 06211FBL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |        4433 | PA      | $4705.61       | 0.00%             | 2056-12-15      | Variable      | 7.60%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_23-B40                                        | BMARK 2023-B40 B FRN 12-15-56                                                                   | CUSIP: 08163WAF2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1786000 | PA      | $1890741.76    | 0.01%             | 2056-12-15      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V5                                                                | BMARK 2024-V5 C FRN 01-10-57                                                                    | CUSIP: 08163XBC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      184000 | PA      | $189808.33     | 0.00%             | 2057-01-10      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C3                                                                 | BMO 2024-5C3 D 144A 4.0% 02-15-57                                                               | CUSIP: 09660QAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      167000 | PA      | $149605.28     | 0.00%             | 2057-02-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| BMO 2024-5C3                                                                 | BMO 2024-5C3 C FRN 02-15-57                                                                     | CUSIP: 09660QAY0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1372000 | PA      | $1408581.64    | 0.01%             | 2057-02-15      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC BBCMS_24-C24                     | BBCMS 2024-C24 C 6.0% 02-15-57                                                                  | CUSIP: 07336VAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      207000 | PA      | $207865.88     | 0.00%             | 2057-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BLP COMMERICAL MORTGAGE TRUST BLP_24-IND2                                    | BLP 2024-IND2 D 144A FRN 03-15-41                                                               | CUSIP: 05625AAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1919478 | PA      | $1920905.86    | 0.01%             | 2041-03-15      | Variable      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| BX 2024-GPA2                                                                 | BX 2024-GPA2 E 144A FRN 11-15-41                                                                | CUSIP: 12433DAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2044000 | PA      | $2049659.84    | 0.01%             | 2041-11-15      | Variable      | 7.69%                 | Yes           |                  2 | On Loan: No      |
| BX 2024-GPA2                                                                 | BX 2024-GPA2 B 144A FRN 11-15-41                                                                | CUSIP: 12433DAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    16920000 | PA      | $16980455.16   | 0.08%             | 2041-11-15      | Variable      | 6.04%                 | Yes           |                  2 | On Loan: No      |
| BX 2024-GPA2                                                                 | BX 2024-GPA2 D 144A FRN 11-15-41                                                                | CUSIP: 12433DAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      341965 | PA      | $342957.72     | 0.00%             | 2041-11-15      | Variable      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| BX 2024-GPA2                                                                 | BX 2024-GPA2 A 144A FRN 11-15-41                                                                | CUSIP: 12433DAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    21194250 | PA      | $21263364.45   | 0.10%             | 2041-11-15      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2024-V11                                                               | BMARK 2024-V11 B FRN 11-15-57                                                                   | CUSIP: 081921BD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1216000 | PA      | $1263963.90    | 0.01%             | 2057-11-15      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR11                                                             | BANK5 2024-5YR11 B FRN 11-15-57                                                                 | CUSIP: 06644WBR8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1578000 | PA      | $1644108.73    | 0.01%             | 2057-11-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR11                                                             | BANK5 2024-5YR11 A3 5.893% 11-15-57                                                             | CUSIP: 06644WBD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    35763000 | PA      | $37642953.62   | 0.18%             | 2057-11-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR12                                                             | BANK5 2024-5YR12 B FRN 12-15-57                                                                 | CUSIP: 06644XBT2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1327000 | PA      | $1383899.11    | 0.01%             | 2057-12-15      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| BX 2025-BIO3                                                                 | BX 2025-BIO3 C 144A FRN 02-10-42                                                                | CUSIP: 123911AG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1385000 | PA      | $1417939.46    | 0.01%             | 2042-02-10      | Variable      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-BIO3                                                                 | BX 2025-BIO3 D 144A FRN 02-10-42                                                                | CUSIP: 123911AJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     8638000 | PA      | $8609995.60    | 0.04%             | 2042-02-10      | Variable      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| BBCMS 2025-C32                                                               | BBCMS 2025-C32 C 6.125% 02-15-62                                                                | CUSIP: 07337AAH9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2394000 | PA      | $2430795.78    | 0.01%             | 2062-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| IRV 2025-200P                                                                | IRV 2025-200P A 144A FRN 03-14-47                                                               | CUSIP: 45006HAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    50369055 | PA      | $51579977.45   | 0.25%             | 2047-03-14      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| IRV 2025-200P                                                                | IRV 2025-200P C 144A FRN 03-14-47                                                               | CUSIP: 45006HAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3428859 | PA      | $3416737.98    | 0.02%             | 2047-03-14      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-VLT6                                                                 | BX 2025-VLT6 D 144A FRN 03-15-42                                                                | CUSIP: 12433KAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3813000 | PA      | $3817743.37    | 0.02%             | 2042-03-15      | Variable      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| BANK5 2025-5YR14                                                             | BANK5 2025-5YR14 C FRN 04-15-58                                                                 | CUSIP: 06604MAH1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3993000 | PA      | $4107012.13    | 0.02%             | 2058-04-15      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| BANK5 2025-5YR14                                                             | BANK5 2025-5YR14 B FRN 04-15-58                                                                 | CUSIP: 06604MAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     4192000 | PA      | $4394758.66    | 0.02%             | 2058-04-15      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| BBCMS 2025-5C34                                                              | BBCMS 2025-5C34 C FRN 05-15-58                                                                  | CUSIP: 07337BAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1500000 | PA      | $1578511.50    | 0.01%             | 2058-05-15      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| BBCMS 2025-5C34                                                              | BBCMS 2025-5C34 B FRN 05-15-58                                                                  | CUSIP: 07337BAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      590000 | PA      | $621311.30     | 0.00%             | 2058-05-15      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| BMARK 2025-V15                                                               | BMARK 2025-V15 B FRN 06-15-58                                                                   | CUSIP: 08164CAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1236000 | PA      | $1291706.52    | 0.01%             | 2058-06-15      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| BMARK 2025-V15                                                               | BMARK 2025-V15 C FRN 06-15-58                                                                   | CUSIP: 08164CAH1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1578000 | PA      | $1607955.17    | 0.01%             | 2058-06-15      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| BX 2025-VLT7                                                                 | BX 2025-VLT7 C 144A FRN 07-15-44                                                                | CUSIP: 123913AE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1776000 | PA      | $1786721.71    | 0.01%             | 2044-07-15      | Variable      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2025-V16                                                               | BMARK 2025-V16 B FRN 08-15-57                                                                   | CUSIP: 08164RAF2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1580000 | PA      | $1638589.56    | 0.01%             | 2057-08-15      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| BFLD 2025-5MW                                                                | BFLD 2025-5MW A 144A FRN 10-10-42                                                               | CUSIP: 088921AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3293000 | PA      | $3288103.31    | 0.02%             | 2042-10-10      | Variable      | 4.67%                 | Yes           |                  2 | On Loan: No      |
| BFLD 2025-5MW                                                                | BFLD 2025-5MW D 144A FRN 10-10-42                                                               | CUSIP: 088921AD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1153000 | PA      | $1162443.07    | 0.01%             | 2042-10-10      | Variable      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_14-UBS6                                             | COMM 2014-UBS6 C FRN 12-10-47/12-12-24                                                          | CUSIP: 12592PBL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       95378 | PA      | $94453.78      | 0.00%             | 2047-12-10      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_15-GC29                            | CGCMT 15-GC29 C FRN 04-10-48/25                                                                 | CUSIP: 17323VBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2500000 | PA      | $2277442.50    | 0.01%             | 2048-04-10      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_14-GC25                            | CGCMT 2014-GC25 B FRN 10-10-47                                                                  | CUSIP: 17322YAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1376291 | PA      | $1312637.79    | 0.01%             | 2047-10-10      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| CSAIL COMMERCIAL MORTGAGE TRUST CSAIL_16-C5                                  | CSAIL 2016-C5 C FRN 11-15-48                                                                    | CUSIP: 12636LBE9<br>LEI: 549300FU8TZDHFLQZL50 | Long             | ABS-CBDO         | CORP              | US        |     1826500 | PA      | $1813880.71    | 0.01%             | 2048-11-15      | Variable      | 4.56%                 | No            |                  2 | On Loan: No      |
| CFCRE 2017-C8                                                                | CFCRE 2017-C8 C FRN 06-15-50                                                                    | CUSIP: 12532CBD6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      700000 | PA      | $656609.10     | 0.00%             | 2050-06-15      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_18-B2                              | CGCMT 18-B2 B FRN 03-10-51/03-10-28                                                             | CUSIP: 17327FAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3300000 | PA      | $3075791.40    | 0.01%             | 2051-03-10      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_19-G44                                              | COMM 2019-GC44 C FRN 08-15-57                                                                   | CUSIP: 12655TBR9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     4000000 | PA      | $3294544.00    | 0.02%             | 2057-08-15      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_20-GC46                            | CGCMT 20-GC46 B FRN 3.15% 02-15-53/30                                                           | CUSIP: 17328RBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      675000 | PA      | $595851.53     | 0.00%             | 2053-02-15      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST CAS_22-R06                               | CAS 2022-R06 1M1 144A FRN 05-25-42                                                              | CUSIP: 20754NAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      542644 | PA      | $555499.70     | 0.00%             | 2042-05-25      | Variable      | 7.11%                 | Yes           |                  2 | On Loan: No      |
| CGCMT 2022-GC48                                                              | CGCMT 2022-GC48 C FRN 05-15-54                                                                  | CUSIP: 29426VAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3659000 | PA      | $3383257.76    | 0.02%             | 2054-05-15      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| CASCADE MH ASSET TRUST CMHAT_22-MH1                                          | CMHAT 2022-MH1 A 144A 4.25% 08-25-54                                                            | CUSIP: 14732KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3278096 | PA      | $3199507.08    | 0.02%             | 2054-08-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE FNMA_16-C02                                                       | CAS 2016-C02 1M2 FRN 09-25-28                                                                   | CUSIP: 30711XCB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      201276 | PA      | $203620.08     | 0.00%             | 2028-09-25      | Variable      | 10.47%                | No            |                  2 | On Loan: No      |
| CAS 2023-R01                                                                 | CAS 2023-R01 1M1 144A FRN 12-25-42                                                              | CUSIP: 207932AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     6450765 | PA      | $6603699.45    | 0.03%             | 2042-12-25      | Variable      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST CFMT_23-HB12                                  | CFMT 2023-HB12 M1 144A FRN 04-25-33                                                             | CUSIP: 12530QAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2597000 | PA      | $2570627.47    | 0.01%             | 2033-04-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST CFMT_23-HB12                                  | CFMT 2023-HB12 A 144A FRN 04-25-33                                                              | CUSIP: 12530QAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       80646 | PA      | $80647.60      | 0.00%             | 2033-04-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_23-SMRT                            | CGCMT 2023-SMRT C 144A FRN 10-12-40                                                             | CUSIP: 17291NAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      980000 | PA      | $992929.14     | 0.00%             | 2040-10-12      | Variable      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_23-SMRT                            | CGCMT 2023-SMRT D 144A FRN 10-12-40                                                             | CUSIP: 17291NAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     5926000 | PA      | $5917851.75    | 0.03%             | 2040-10-12      | Variable      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_23-SMRT                            | CGCMT 23-SMRT A 144A FRN 10-12-40                                                               | CUSIP: 17291NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    13524000 | PA      | $13948153.21   | 0.07%             | 2040-10-12      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 SD8193 02-01-52                                                                   | CUSIP: 3132DWC68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1031817 | PA      | $836246.35     | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QE2352 05-01-52                                                                   | CUSIP: 3133BBTH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      225094 | PA      | $190084.79     | 0.00%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 RA5759 09-01-51                                                                   | CUSIP: 3133KMMG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       82479 | PA      | $69576.08      | 0.00%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB3354 04-01-52                                                                   | CUSIP: 3140QNWQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2480165 | PA      | $2092118.03    | 0.01%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB0396 05-01-51                                                                   | CUSIP: 3140QKNN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1890268 | PA      | $1594580.73    | 0.01%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB3665 05-01-52                                                                   | CUSIP: 3140QPCB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       24069 | PA      | $20303.39      | 0.00%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.5 BW1192 09-01-52                                                                   | CUSIP: 3140MSKE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    11307391 | PA      | $11013613.46   | 0.05%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QC8778 10-01-51                                                                   | CUSIP: 3133ATXF3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1648238 | PA      | $1390404.08    | 0.01%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QE0025 04-01-52                                                                   | CUSIP: 3133B9A20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       50773 | PA      | $42980.83      | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CA9390 03-01-51                                                                   | CUSIP: 3140QHNG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    33410441 | PA      | $28184413.01   | 0.14%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.5 BW7702 09-01-52                                                                   | CUSIP: 3140N0RY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |         443 | PA      | $431.43        | 0.00%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FM8954 10-01-51                                                                   | CUSIP: 3140XC5Q7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       18658 | PA      | $15825.79      | 0.00%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BQ0991 07-01-51                                                                   | CUSIP: 3140KLC59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     7413267 | PA      | $6253594.90    | 0.03%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.0 SD8276 12-01-52                                                                   | CUSIP: 3132DWFR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    32843713 | PA      | $32747054.04   | 0.16%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.0 SD8288 01-01-53                                                                   | CUSIP: 3132DWF57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    94556305 | PA      | $94278025.49   | 0.46%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FS1598 04-01-52                                                                   | CUSIP: 3140XGX46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     3304835 | PA      | $2676361.12    | 0.01%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BV5578 05-01-52                                                                   | CUSIP: 3140MKFU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1940413 | PA      | $1709806.48    | 0.01%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BT8113 05-01-52                                                                   | CUSIP: 3140LXAP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       92959 | PA      | $81868.24      | 0.00%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BV8117 04-01-52                                                                   | CUSIP: 3140MNAT3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1988491 | PA      | $1749890.32    | 0.01%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BW1392 12-01-52                                                                   | CUSIP: 3140MSRN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      622491 | PA      | $547831.57     | 0.00%             | 2052-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BT8111 03-01-52                                                                   | CUSIP: 3140LXAM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      302128 | PA      | $255698.23     | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                                          | GENERAL ELECTRIC CO SR UNSEC 4.9% 01-29-36                                                      | CUSIP: 369604CA9<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |     2900000 | PA      | $2941565.70    | 0.01%             | 2036-01-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| GLADIEUX METALS RECYCLING LLC                                                | GLADIEUX METALS RECYCLING LLC (UNFUNDED) 0.0% 12-31-25                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | MUN               | US        |      477732 | PA      | $477731.76     | 0.00%             | 2025-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GILDAN ACTIVEWEAR INC                                                        | GILDAN ACTIVEWEAR INC 144A LIFE SR UNSEC 5.4% 10-07-35                                          | CUSIP: 375916AG8<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |     4080000 | PA      | $4082586.72    | 0.02%             | 2035-10-07      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| GLP CAPITAL LP                                                               | GLP CAPITAL LP SR UNSEC 4.0% 01-15-30                                                           | CUSIP: 361841AP4<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |     1853000 | PA      | $1796085.11    | 0.01%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL SC FINANCE SRL SEACO_19-1A                                            | GSCFV 2019-1A B 144A 4.81% 09-17-39                                                             | CUSIP: 37891TAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1032042 | PA      | $1005889.74    | 0.00%             | 2039-09-17      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| GRAY OAK PIPELINE LLC                                                        | GRAY OAK PIPELINE LLC 144A LIFE SR UNSEC 2.6% 10-15-25                                          | CUSIP: 38937LAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     4442000 | PA      | $4437802.31    | 0.02%             | 2025-10-15      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                          | GILEAD SCIENCES INC SR UNSEC 2.8% 10-01-50                                                      | CUSIP: 375558BT9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     1462000 | PA      | $944797.03     | 0.00%             | 2050-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| GENM CAPITAL LABUAN LTD                                                      | GENM CAPITAL LABUAN LTD REG S SR UNSEC 3.882% 04-19-31                                          | CUSIP: N/A<br>LEI: 254900DWSHIWTSE0YG58       | Long             | DBT              | CORP              | MY        |    14000000 | PA      | $12893342.00   | 0.06%             | 2031-04-19      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | GOLDMAN SACHS GROUP INC SR UNSEC 3.21% 04-22-42/41                                              | CUSIP: 38141GYC2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     8858000 | PA      | $6852628.52    | 0.03%             | 2042-04-22      | Variable      | 3.21%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | GOLDMAN SACHS GROUP INC SR UNSEC 2.908% 07-21-42/41                                             | CUSIP: 38141GYK4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     3203000 | PA      | $2364685.22    | 0.01%             | 2042-07-21      | Variable      | 2.91%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | GOLDMAN SACHS GROUP INC SR UNSEC 2.65% 10-21-32/31                                              | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    29308000 | PA      | $26365857.80   | 0.13%             | 2032-10-21      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | GOLDMAN SACHS GROUP INC SR UNSEC 1.948% 10-21-27/26                                             | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     9340000 | PA      | $9121350.60    | 0.04%             | 2027-10-21      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                               | GRAY MEDIA INC 144A LIFE SR UNSEC 5.375% 11-15-31                                               | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     1686000 | PA      | $1267674.74    | 0.01%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                                                      | GRAND CANYON UNIVERSITY SR UNSEC SF 5.125% 10-01-28                                             | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     7000000 | PA      | $6901181.00    | 0.03%             | 2028-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                                                      | GRAND CANYON UNIVERSITY SR UNSEC SF 4.375% 10-01-26                                             | CUSIP: 38528UAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     7500000 | PA      | $7361250.00    | 0.04%             | 2026-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC                                                   | FERTITTA ENTERTAINMENT LLC 144A LIFE SR UNSEC 6.75% 01-15-30                                    | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2340000 | PA      | $2197512.72    | 0.01%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC                                                   | FERTITTA ENTERTAINMENT LLC 144A LIFE SR SEC 1ST LIEN 4.625% 01-15-29                            | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     7121000 | PA      | $6783129.91    | 0.03%             | 2029-01-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                          | GILEAD SCIENCES INC SR UNSEC 5.25% 10-15-33                                                     | CUSIP: 375558BZ5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     1710000 | PA      | $1793978.10    | 0.01%             | 2033-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP/MA                                                        | GLOBAL PARTNERS LP 144A LIFE SR UNSEC 8.25% 01-15-32                                            | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1978000 | PA      | $2087697.90    | 0.01%             | 2032-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE PLC                                                      | HOWDEN UK REFINANCE PLC 144A LIFE SR SEC 1ST LIEN 7.25% 02-15-31                                | CUSIP: 44287GAA4<br>LEI: 87550008DPN8BDG67910 | Long             | DBT              | CORP              | GB        |     1645000 | PA      | $1694927.40    | 0.01%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC                                                  | HONEYWELL INTERNATIONAL INC SR UNSEC 5.0% 03-01-35                                              | CUSIP: 438516CS3<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    24542000 | PA      | $24962748.05   | 0.12%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                                   | HUMANA INC SR UNSEC 5.75% 04-15-54                                                              | CUSIP: 444859CB6<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    10171000 | PA      | $9714718.77    | 0.05%             | 2054-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                                   | HUMANA INC SR UNSEC 5.375% 04-15-31                                                             | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |     1202000 | PA      | $1236736.60    | 0.01%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                            | HSBC HOLDINGS PLC SR UNSEC 5.402% 08-11-33/32                                                   | CUSIP: 404280DH9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     8339000 | PA      | $8656941.05    | 0.04%             | 2033-08-11      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                               | HOME DEPOT INC SR UNSEC 4.95% 09-15-52                                                          | CUSIP: 437076CT7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     1382000 | PA      | $1290819.79    | 0.01%             | 2052-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                      | HCA INC SR UNSEC 3.625% 03-15-32                                                                | CUSIP: 404119CK3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     5028000 | PA      | $4718360.68    | 0.02%             | 2032-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                          | HILCORP ENERGY I LP 144A LIFE SR UNSEC 8.375% 11-01-33                                          | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     7153000 | PA      | $7517538.34    | 0.04%             | 2033-11-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| HUMANA INC                                                                   | HUMANA INC SR UNSEC 5.95% 03-15-34                                                              | CUSIP: 444859BY7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |     7875000 | PA      | $8285704.88    | 0.04%             | 2034-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                   | INTEL CORP SR UNSEC 5.6% 02-21-54                                                               | CUSIP: 458140CM0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    10973000 | PA      | $10543330.24   | 0.05%             | 2054-02-21      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| IRB INFRASTRUCTURE DEVELOPERS LTD                                            | IRB INFRASTRUCTURE DEVELOPERS LTD 144A LIFE SR SEC 1ST LIEN SF 7.11% 03-11-32                   | CUSIP: 449881AA9<br>LEI: 335800XGO3AITGW6AK27 | Long             | DBT              | CORP              | IN        |    13660000 | PA      | $14198927.98   | 0.07%             | 2032-03-11      | Fixed         | 7.11%                 | Yes           |                  2 | On Loan: No      |
| INGERSOLL-RAND INC                                                           | INGERSOLL RAND INC SR UNSEC 5.45% 06-15-34                                                      | CUSIP: 45687VAF3<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |      405000 | PA      | $422521.92     | 0.00%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES SARL                                                | ION TRADING TECHNOLOGIES SARL 144A LIFE SR SEC 1ST LIEN 9.5% 05-30-29                           | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    14210000 | PA      | $15079282.54   | 0.07%             | 2029-05-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| IMPERIAL BRANDS FINANCE PLC                                                  | IMPERIAL BRANDS FINANCE PLC 144A LIFE SR UNSEC 5.875% 07-01-34                                  | CUSIP: 45262BAH6<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    16377000 | PA      | $17157413.18   | 0.08%             | 2034-07-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP                                                         | ICAHN ENTERPRISES LP SR SEC 1ST LIEN 9.75% 01-15-29                                             | CUSIP: 451102CF2<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    13000000 | PA      | $13136500.00   | 0.06%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP                                                         | ICAHN ENTERPRISES LP 144A LIFE SR SEC 1ST LIEN 10.0% 11-15-29                                   | CUSIP: 451102CK1<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |     2695000 | PA      | $2710275.26    | 0.01%             | 2029-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| IIFL FINANCE LTD                                                             | IIFL FINANCE LTD 144A LIFE SR SEC 1ST LIEN 8.75% 07-24-28                                       | CUSIP: 44964HAA2<br>LEI: 335800CZ46UJRS34JR78 | Long             | DBT              | CORP              | IN        |    14955000 | PA      | $15242883.75   | 0.07%             | 2028-07-24      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| I-20 LANCASTER FUND LLC                                                      | I-20 LANCASTER FUND LLC 144A LIFE SR SEC 1ST LIEN 12.0% 01-15-35                                | CUSIP: 450952AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     6677000 | PA      | $6500793.97    | 0.03%             | 2035-01-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| IMPERIAL BRANDS FINANCE PLC                                                  | IMPERIAL BRANDS FINANCE PLC 144A LIFE SR UNSEC (B) 6.375% 07-01-55                              | CUSIP: 45262BAL7<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |      784000 | PA      | $814880.98     | 0.00%             | 2055-07-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| IMPERIAL BRANDS FINANCE PLC                                                  | IMPERIAL BRANDS FINANCE PLC 144A LIFE SR UNSEC 5.62% 07-01-35                                   | CUSIP: 45262BAK9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |     1593000 | PA      | $1625723.41    | 0.01%             | 2035-07-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP                                                         | ICAHN ENTERPRISES LP SR SEC 1ST LIEN 6.25% 05-15-26                                             | CUSIP: 451102BT3<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |     1168000 | PA      | $1167583.02    | 0.01%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP                                                         | ICAHN ENTERPRISES LP SR SEC 1ST LIEN 5.25% 05-15-27                                             | CUSIP: 451102BZ9<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    11500000 | PA      | $11312906.50   | 0.06%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                   | INTEL CORP SR UNSEC 3.05% 08-12-51                                                              | CUSIP: 458140BW9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     5814000 | PA      | $3691703.95    | 0.02%             | 2051-08-12      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                          | INTESA SANPAOLO SPA 144A LIFE SR NON PREF 7.778% 06-20-54/53                                    | CUSIP: 46115HCB1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |     9000000 | PA      | $10818216.00   | 0.05%             | 2054-06-20      | Variable      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                          | JPMORGAN CHASE & CO SR UNSEC 5.766% 04-22-35/34                                                 | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     1474000 | PA      | $1571067.32    | 0.01%             | 2035-04-22      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                            | JOHNSON & JOHNSON SR UNSEC 5.25% 06-01-54                                                       | CUSIP: 478160CX0<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |     1290000 | PA      | $1315685.19    | 0.01%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                            | JOHNSON & JOHNSON SR UNSEC 4.95% 06-01-34                                                       | CUSIP: 478160CW2<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |     3907000 | PA      | $4108386.32    | 0.02%             | 2034-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB2555 01-01-52                                                                   | CUSIP: 3140QMZV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      828334 | PA      | $698751.41     | 0.00%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.5 SD1608 09-01-52                                                                   | CUSIP: 3132DNYD9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2131728 | PA      | $2078004.48    | 0.01%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BU8905 04-01-52                                                                   | CUSIP: 3140MA3P7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       25061 | PA      | $21139.93      | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QD8560 03-01-52                                                                   | CUSIP: 3133B6QM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      634572 | PA      | $559020.25     | 0.00%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QD6279 02-01-52                                                                   | CUSIP: 3133B36Q5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      807578 | PA      | $711442.72     | 0.00%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BV8809 05-01-52                                                                   | CUSIP: 3140MNYF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1987771 | PA      | $1748649.74    | 0.01%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BX0959 10-01-52                                                                   | CUSIP: 3140N5B52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      121596 | PA      | $106965.50     | 0.00%             | 2052-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QC6456 09-01-51                                                                   | CUSIP: 3133ARE50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    10796278 | PA      | $9503359.33    | 0.05%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QC4360 07-01-51                                                                   | CUSIP: 3133ANZZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      585310 | PA      | $515630.81     | 0.00%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD8235 08-01-52                                                                   | CUSIP: 3132DWEG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      961561 | PA      | $845763.71     | 0.00%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.5 QF1236 10-01-52                                                                   | CUSIP: 3133BNLR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    20968916 | PA      | $20446957.31   | 0.10%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BN9135 04-01-51                                                                   | CUSIP: 3140JSEH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4409890 | PA      | $3720130.29    | 0.02%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BT0971 05-01-51                                                                   | CUSIP: 3140LPCH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1319247 | PA      | $1112854.41    | 0.01%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QE0312 04-01-52                                                                   | CUSIP: 3133B9KZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1654172 | PA      | $1337846.25    | 0.01%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QD6139 02-01-52                                                                   | CUSIP: 3133B3ZC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     3161541 | PA      | $2551353.95    | 0.01%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 RA6973 03-01-52                                                                   | CUSIP: 3133KNXA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     4152973 | PA      | $3363144.23    | 0.02%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QD6836 02-01-52                                                                   | CUSIP: 3133B4SZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1438439 | PA      | $1163602.06    | 0.01%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_22-DNA4                                  | STACR 2022-DNA4 M1B 144A FRN 05-25-42                                                           | CUSIP: 35564KWT2<br>LEI: 5493000IS4CDPWRMWB65 | Long             | ABS-CBDO         | CORP              | US        |     2050000 | PA      | $2128785.60    | 0.01%             | 2042-05-25      | Variable      | 7.71%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_22-DNA3                                  | STACR 2022-DNA3 M1B 144A FRN 04-25-42                                                           | CUSIP: 35564KUX5<br>LEI: 5493000IS4M3TZMRB410 | Long             | ABS-CBDO         | CORP              | US        |     3000000 | PA      | $3088020.00    | 0.02%             | 2042-04-25      | Variable      | 7.26%                 | Yes           |                  2 | On Loan: No      |
| FIVE 2023-V1 MORTGAGE TRUST                                                  | F1VE 2023-V1 B FRN 02-10-56                                                                     | CUSIP: 337964AF7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2477000 | PA      | $2547225.43    | 0.01%             | 2056-02-10      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| FIVE 2023-V1 MORTGAGE TRUST                                                  | F1VE 2023-V1 C FRN 02-10-56                                                                     | CUSIP: 337964AG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1361000 | PA      | $1378365.00    | 0.01%             | 2056-02-10      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.5 BV6617 04-01-52                                                                   | CUSIP: 3140MLK74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      393606 | PA      | $359959.67     | 0.00%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.5 MA5000 04-01-53                                                                   | CUSIP: 31418ERW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      496117 | PA      | $454050.51     | 0.00%             | 2053-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_20-DNA5                                  | STACR 2020-DNA5 B2 144A FRN 10-25-50                                                            | CUSIP: 35566ABE8<br>LEI: 5493000ITF7RKPWPZQ19 | Long             | ABS-CBDO         | CORP              | US        |    11350000 | PA      | $15892394.85   | 0.08%             | 2050-10-25      | Variable      | 15.84%                | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD2880 10-01-51                                                                   | CUSIP: 3132DQFV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    13118492 | PA      | $11630290.55   | 0.06%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FS4628 10-01-51                                                                   | CUSIP: 3140XLEA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     6290487 | PA      | $5578636.24    | 0.03%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MULTIFAMILY STRUCTURED CREDIT RISK MSCR_21-MN3                               | MSCR 2021-MN3 M2 144A FRN 11-25-51                                                              | CUSIP: 35563GAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     4000000 | PA      | $4158812.00    | 0.02%             | 2051-11-25      | Variable      | 8.36%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_22-DNA5                                  | STACR 2022-DNA5 M1B 144A FRN 06-25-42                                                           | CUSIP: 35564KYP8<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-CBDO         | CORP              | US        |     2400000 | PA      | $2540162.40    | 0.01%             | 2042-06-25      | Variable      | 8.86%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_20-HQA3                                  | STACR 2020-HQA3 B2 144A FRN 07-25-50                                                            | CUSIP: 35565MBE3<br>LEI: 5493000ITAM9GTFUKP51 | Long             | ABS-CBDO         | CORP              | US        |     3222000 | PA      | $4294471.70    | 0.02%             | 2050-07-25      | Variable      | 14.47%                | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CA7737 11-01-50                                                                   | CUSIP: 3140QFS34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    35746110 | PA      | $30561029.61   | 0.15%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 CB6486 06-01-53                                                                   | CUSIP: 3140QSF48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       39403 | PA      | $40451.46      | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 CB6465 06-01-53                                                                   | CUSIP: 3140QSFF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       28992 | PA      | $29909.72      | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 CB6485 06-01-53                                                                   | CUSIP: 3140QSF30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       63541 | PA      | $65161.69      | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RA9279 06-01-53                                                                   | CUSIP: 3133KRJY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      387707 | PA      | $399995.94     | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RA9281 06-01-53                                                                   | CUSIP: 3133KRJ21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      230911 | PA      | $238247.70     | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RA9283 06-01-53                                                                   | CUSIP: 3133KRJ47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      339069 | PA      | $347559.05     | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RA9284 06-01-53                                                                   | CUSIP: 3133KRJ54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      189019 | PA      | $196545.93     | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB0191 04-01-51                                                                   | CUSIP: 3140QKF94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    39030217 | PA      | $34614142.76   | 0.17%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB0193 04-01-51                                                                   | CUSIP: 3140QKGB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4744206 | PA      | $4219183.77    | 0.02%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 RA3384 08-01-50                                                                   | CUSIP: 3133KJXM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2307759 | PA      | $2049031.60    | 0.01%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CA7052 09-01-50                                                                   | CUSIP: 3140QEZS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2346641 | PA      | $2084284.01    | 0.01%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.0 FS4563 05-01-53                                                                   | CUSIP: 3140XLB98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4274884 | PA      | $4274182.58    | 0.02%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.0 SD8315 04-01-53                                                                   | CUSIP: 3132DWGY3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       88656 | PA      | $88080.33      | 0.00%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.0 SD2716 04-01-53                                                                   | CUSIP: 3132DQAR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     6547064 | PA      | $6547338.57    | 0.03%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QB8605 02-01-51                                                                   | CUSIP: 3133AFR29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     8041213 | PA      | $6582810.53    | 0.03%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BR2666 02-01-51                                                                   | CUSIP: 3140L06C6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     7328886 | PA      | $6000877.07    | 0.03%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BV3101 03-01-52                                                                   | CUSIP: 3140MGNT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     3732452 | PA      | $3020128.66    | 0.01%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB0910 06-01-51                                                                   | CUSIP: 3140QLAL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      109792 | PA      | $92617.28      | 0.00%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB1394 08-01-51                                                                   | CUSIP: 3140QLRQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    18507910 | PA      | $15612661.74   | 0.08%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 CB5912 03-01-53                                                                   | CUSIP: 3140QRSA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    10506741 | PA      | $10839321.01   | 0.05%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.0 BX6074 03-01-53                                                                   | CUSIP: 3140NAXC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    72274074 | PA      | $72061371.50   | 0.35%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.0 QF9074 02-01-53                                                                   | CUSIP: 3133BXCK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      942520 | PA      | $941349.61     | 0.00%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.0 BW1849 02-01-53                                                                   | CUSIP: 3140MTBT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1620901 | PA      | $1615963.79    | 0.01%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.0 QF8385 02-01-53                                                                   | CUSIP: 3133BWJ61<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2270430 | PA      | $2264100.00    | 0.01%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.0 BW5065 01-01-53                                                                   | CUSIP: 3140MWTX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     5499291 | PA      | $5478003.29    | 0.03%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.0 QF5426 01-01-53                                                                   | CUSIP: 3133BTA34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     8461900 | PA      | $8436124.70    | 0.04%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.0 QF7590 02-01-53                                                                   | CUSIP: 3133BVNF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    15000095 | PA      | $14954404.73   | 0.07%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.0 QF8705 03-01-53                                                                   | CUSIP: 3133BWU68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    20783705 | PA      | $20719337.82   | 0.10%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.0 BX5114 02-01-53                                                                   | CUSIP: 3140N9VG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    36815793 | PA      | $36587903.39   | 0.18%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.0 FS4142 03-01-53                                                                   | CUSIP: 3140XKS84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    63644331 | PA      | $63460335.53   | 0.31%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.0 SD2515 03-01-53                                                                   | CUSIP: 3132DPYL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    83250609 | PA      | $83005602.22   | 0.40%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.5 CB4384 08-01-52                                                                   | CUSIP: 3140QP2S5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    95592829 | PA      | $93713665.44   | 0.46%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.5 CB5633 02-01-53                                                                   | CUSIP: 3140QRHK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    58484510 | PA      | $57009823.19   | 0.28%             | 2053-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.5 CB6303 05-01-53                                                                   | CUSIP: 3140QSAD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     5008636 | PA      | $4874064.09    | 0.02%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.5 QF0213 09-01-52                                                                   | CUSIP: 3133BMGW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     8077026 | PA      | $7874195.75    | 0.04%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.5 BV8052 09-01-52                                                                   | CUSIP: 3140MM5N4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     6109550 | PA      | $5958027.38    | 0.03%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.5 BV7577 11-01-52                                                                   | CUSIP: 3140MMM39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     8663113 | PA      | $8420658.41    | 0.04%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.5 FS5372 07-01-49                                                                   | CUSIP: 3140XL6J2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   168163887 | PA      | $157149320.33  | 0.77%             | 2049-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BV3853 04-01-52                                                                   | CUSIP: 3140MHH77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      858681 | PA      | $726606.40     | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 CB2850 02-01-52                                                                   | CUSIP: 3140QNEY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       38021 | PA      | $30682.90      | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FS1069 12-01-51                                                                   | CUSIP: 3140XGFK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    34767871 | PA      | $28057914.90   | 0.14%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 CB2361 12-01-51                                                                   | CUSIP: 3140QMTT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      619293 | PA      | $499786.83     | 0.00%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 MA5587 01-01-55                                                                   | CUSIP: 31418FF51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      735988 | PA      | $752724.16     | 0.00%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 RA6816 02-01-52                                                                   | CUSIP: 3133KNSD6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     6639574 | PA      | $5358103.08    | 0.03%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SD8507 02-01-55                                                                   | CUSIP: 3132DWNY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     7549785 | PA      | $7724456.74    | 0.04%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 SD8506 02-01-55                                                                   | CUSIP: 3132DWNX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2162287 | PA      | $2182100.03    | 0.01%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SD8516 03-01-55                                                                   | CUSIP: 3132DWN90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    11289295 | PA      | $11546024.41   | 0.06%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FS7500 04-01-52                                                                   | CUSIP: 3140XPKN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      112198 | PA      | $95028.72      | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.0 MB0294 01-01-55                                                                   | CUSIP: 3138MTKG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     3960688 | PA      | $3736227.69    | 0.02%             | 2055-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SD8496 01-01-55                                                                   | CUSIP: 3132DWNM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1971434 | PA      | $2016259.01    | 0.01%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 MA5647 03-01-55                                                                   | CUSIP: 31418FHZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     9406119 | PA      | $9619383.75    | 0.05%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SD8525 04-01-55                                                                   | CUSIP: 3132DWPJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    82764064 | PA      | $84626835.05   | 0.41%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 RQ0013 06-01-55                                                                   | CUSIP: 3142J6AP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    14096805 | PA      | $14222675.45   | 0.07%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 MA5701 05-01-55                                                                   | CUSIP: 31418FKP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    12853860 | PA      | $13140307.84   | 0.06%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.0 MA5697 05-01-55                                                                   | CUSIP: 31418FKK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      376712 | PA      | $355273.79     | 0.00%             | 2055-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FASST 2025-PC1                                                               | FASST 2025-PC1 A1 144A 4.5% 05-25-75                                                            | CUSIP: 316929AA6<br>LEI: 254900FJW75GV74X3O58 | Long             | ABS-CBDO         | CORP              | US        |    36900756 | PA      | $35688160.64   | 0.17%             | 2075-05-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.0 RQ0012 06-01-55                                                                   | CUSIP: 3142J6AN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     5538756 | PA      | $5497480.82    | 0.03%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.0 RQ0010 06-01-55                                                                   | CUSIP: 3142J6AL7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      490638 | PA      | $462716.10     | 0.00%             | 2055-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.0 RQ0019 05-01-55                                                                   | CUSIP: 3142J6AV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      398547 | PA      | $375866.47     | 0.00%             | 2055-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 SL0585 03-01-55                                                                   | CUSIP: 31427MUK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      222975 | PA      | $225202.31     | 0.00%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 RJ4292 02-01-55                                                                   | CUSIP: 3142GUXW8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     5973208 | PA      | $6026542.48    | 0.03%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.0 DD9323 04-01-55                                                                   | CUSIP: 3140BALD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      414541 | PA      | $390949.57     | 0.00%             | 2055-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 RA6856 02-01-52                                                                   | CUSIP: 3133KNTM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1988031 | PA      | $1751763.55    | 0.01%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BW7290 07-01-52                                                                   | CUSIP: 3140N0C45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      575373 | PA      | $506459.02     | 0.00%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QD5990 02-01-52                                                                   | CUSIP: 3133B3UP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      992638 | PA      | $874476.49     | 0.00%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB2666 01-01-52                                                                   | CUSIP: 3140QM6C3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     3849764 | PA      | $3385493.91    | 0.02%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 RA6427 12-01-51                                                                   | CUSIP: 3133KND83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      485615 | PA      | $427604.83     | 0.00%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FS8875 07-01-53                                                                   | CUSIP: 3140XQ2H9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1968100 | PA      | $1731760.91    | 0.01%             | 2053-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WFCM 2024-5C1                                                                | WFCM 2024-5C1 B FRN 07-15-57                                                                    | CUSIP: 95003VAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2000000 | PA      | $2096850.00    | 0.01%             | 2057-07-15      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| WFCM 2024-5C2                                                                | WFCM 2024-5C2 B FRN 11-15-57                                                                    | CUSIP: 95003UAH3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      334000 | PA      | $347930.47     | 0.00%             | 2057-11-15      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| WFCM 2025-5C4                                                                | WFCM 2025-5C4 B 6.394% 05-15-58                                                                 | CUSIP: 949931AG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      344000 | PA      | $359872.50     | 0.00%             | 2058-05-15      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| WFCM 2025-5C4                                                                | WFCM 2025-5C4 C 6.284% 05-15-58                                                                 | CUSIP: 949931AH2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      771000 | PA      | $791184.01     | 0.00%             | 2058-05-15      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| WFCM 2025-5C5                                                                | WFCM 2025-5C5 B FRN 07-15-58                                                                    | CUSIP: 95004MAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      400000 | PA      | $415558.80     | 0.00%             | 2058-07-15      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| WFCM 2025-1918                                                               | WFCM 2025-1918 A 144A FRN 09-15-40                                                              | CUSIP: 95004QAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2279000 | PA      | $2296630.34    | 0.01%             | 2040-09-15      | Variable      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| BRAZORIA CNTY TEX INDL DEV CORP                                              | ALEON RENEWABLE METALS LLC 12.0% 06-01-43                                                       | CUSIP: 10604PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     7745477 | PA      | $1781459.69    | 0.01%             | 2043-06-01      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                            | CHICAGO BOARD OF EDUCATION 1.75% 12-15-25                                                       | CUSIP: 167505KK1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    19120000 | PA      | $18982833.12   | 0.09%             | 2025-12-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | EUR FWD SALE TO USD 10/23/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $386464.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | GBP FWD PUR FROM USD 10/10/2025                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-2028887.08   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | GBP FWD SALE TO USD 10/27/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $399613.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | GBP FWD SALE TO USD 10/10/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $665499.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | GBP FWD SALE TO USD 10/10/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $10304.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | GBP FWD SALE TO USD 10/27/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $6258.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | INR FWD PUR FROM USD NDF 10/14/2025                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-2165137.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | INR FWD PUR FROM USD NDF 10/27/2025                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-25929.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | JPY FWD PUR FROM USD 10/8/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $6865.93       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | JPY FWD PUR FROM EUR 10/20/2025                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-56646.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | JPY FWD SALE TO USD 10/20/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $497441.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | JPY FWD SALE TO USD 10/27/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $80567.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | JPY FWD SALE TO USD 10/22/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-585967.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | KRW FWD PUR FROM USD NDF 10/30/2025                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $186122.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | MXN FWD SALE TO USD 10/8/2025                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-846713.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | MXN FWD SALE TO EUR 10/27/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-10649.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | MXN FWD SALE TO USD 10/27/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-797720.53    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | PLN FWD SALE TO USD 10/8/2025                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $527769.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | PHP FWD PUR FROM USD NDF 10/14/2025                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-4004502.17   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | PHP FWD SALE TO USD NDF 10/14/2025                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $1647072.65    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | PLN FWD SALE TO USD 10/27/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-27342.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SGD FWD SALE TO USD 10/8/2025                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $7346.58       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SEK FWD SALE TO USD 10/8/2025                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $864453.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                                     | DAIMLER TRUCKS FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 5.125% 01-19-28                     | CUSIP: 233853AQ3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    24000000 | PA      | $24428736.00   | 0.12%             | 2028-01-19      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                                                      | DUKE ENERGY FLORIDA LLC SR SEC 1ST LIEN 5.875% 11-15-33                                         | CUSIP: 26444HAQ4<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |     5192000 | PA      | $5606581.20    | 0.03%             | 2033-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG (NEW YORK BRANCH)                                           | DEUTSCHE BANK AG SR NON PREF 6.819% 11-20-29/28                                                 | CUSIP: 251526CU1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     7375000 | PA      | $7890195.38    | 0.04%             | 2029-11-20      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS INC                                                    | ENDO FINANCE HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 8.5% 04-15-31                               | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3896000 | PA      | $4184767.62    | 0.02%             | 2031-04-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARECOM INC                                                        | EQUIPMENTSHARE.COM INC 144A LIFE SR SEC 2ND LIEN 8.625% 05-15-32                                | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     7115000 | PA      | $7690560.81    | 0.04%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                            | LYB INTERNATIONAL FINANCE III LLC SR UNSEC 6.15% 05-15-35                                       | CUSIP: 50249AAP8<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |     6983000 | PA      | $7281236.95    | 0.04%             | 2035-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                                         | LADDER CAPITAL FINANCE HOLDINGS LLLP SR UNSEC 5.5% 08-01-30                                     | CUSIP: 505742AS5<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |     3868000 | PA      | $3947119.94    | 0.02%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                                                     | LINDBLAD EXPEDITIONS LLC 144A LIFE SR SEC 1ST LIEN 7.0% 09-15-30                                | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |     2645000 | PA      | $2697675.18    | 0.01%             | 2030-09-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                            | LYB INTERNATIONAL FINANCE III LLC SR UNSEC 4.2% 05-01-50                                        | CUSIP: 50249AAD5<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |     4344000 | PA      | $3220259.33    | 0.02%             | 2050-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                                           | LEVIATHAN BOND LTD 144A LIFE/REG S SR SEC 1ST LIEN 6.75% 06-30-30                               | CUSIP: N/A<br>LEI: 254900D9T8VKYVQNZ220       | Long             | DBT              | CORP              | IL        |     5495000 | PA      | $5522475.00    | 0.03%             | 2030-06-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                            | LYB INTERNATIONAL FINANCE III LLC SR UNSEC 3.625% 04-01-51                                      | CUSIP: 50249AAJ2<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |     8366000 | PA      | $5602936.08    | 0.03%             | 2051-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS II LLC                                              | LCM INVESTMENTS HOLDINGS II LLC 144A LIFE SR UNSEC 8.25% 08-01-31                               | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |     4795000 | PA      | $5074903.33    | 0.02%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                     | LLOYDS BANKING GROUP PLC SR UNSEC 5.679% 01-05-35/34                                            | CUSIP: 53944YAX1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    19921000 | PA      | $20890853.89   | 0.10%             | 2035-01-05      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | MORGAN STANLEY SUB 5.942% 02-07-39/34                                                           | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     9867000 | PA      | $10334113.65   | 0.05%             | 2039-02-07      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC                                               | MARSH & MCLENNAN COS INC SR UNSEC 5.15% 03-15-34                                                | CUSIP: 571748BW1<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     5113000 | PA      | $5297875.85    | 0.03%             | 2034-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | MORGAN STANLEY SR UNSEC 5.656% 04-18-30/29                                                      | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      196000 | PA      | $204714.94     | 0.00%             | 2030-04-18      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUTIONS HOLDING COMPANY                                   | MAUSER PACKAGING SOLUTIONS HOLDING CO 144A LIFE SR SEC 1ST LIEN 7.875% 04-15-27                 | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |     9000000 | PA      | $9099477.00    | 0.04%             | 2027-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| MCDONALDS CORP                                                               | MCDONALD'S CORP SR UNSEC 5.0% 05-17-29                                                          | CUSIP: 58013MFX7<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |     1424000 | PA      | $1466742.78    | 0.01%             | 2029-05-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | MORGAN STANLEY SR UNSEC 5.32% 07-19-35/34                                                       | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    17777000 | PA      | $18349597.17   | 0.09%             | 2035-07-19      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                           | META PLATFORMS INC SR UNSEC 5.4% 08-15-54                                                       | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     5297000 | PA      | $5237504.10    | 0.03%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                                               | MASTERCARD INC SR UNSEC 4.55% 01-15-35                                                          | CUSIP: 57636QBC7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    10089000 | PA      | $10073230.89   | 0.05%             | 2035-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                                                              | MURPHY OIL CORP SR UNSEC 6.0% 10-01-32                                                          | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |     2492000 | PA      | $2460217.03    | 0.01%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                                         | MATADOR RESOURCES CO 144A LIFE SR UNSEC 6.25% 04-15-33                                          | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     3521000 | PA      | $3546347.68    | 0.02%             | 2033-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC                                               | MARSH & MCLENNAN COS INC SR UNSEC 5.4% 03-15-55                                                 | CUSIP: 571748CD2<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    20000000 | PA      | $19629100.00   | 0.10%             | 2055-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC                                               | MARSH & MCLENNAN COS INC SR UNSEC 5.0% 03-15-35                                                 | CUSIP: 571748CC4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    27947000 | PA      | $28305056.96   | 0.14%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                        | MOLINA HEALTHCARE INC 144A LIFE SR UNSEC 6.25% 01-15-33                                         | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     1965000 | PA      | $1988617.34    | 0.01%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                     | MICROCHIP TECHNOLOGY INC SR UNSEC 5.05% 02-15-30                                                | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    12476000 | PA      | $12761712.88   | 0.06%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS LP                                                    | MID-AMERICA APARTMENTS LP SR UNSEC 4.95% 03-01-35                                               | CUSIP: 59523UAX5<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              | CORP              | US        |     2500000 | PA      | $2522722.50    | 0.01%             | 2035-03-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TREEHOUSE PARK IMPROVEMENT ASSOCIATION NO 1                                  | TREEHOUSE PARK IMPROVEMENT ASSOCIATION NO 1 144A LIFE SR UNSEC SF 9.75% 12-01-33                | CUSIP: 89469TAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    20212129 | PA      | $20212129.00   | 0.10%             | 2033-12-01      | Fixed         | 9.75%                 | Yes           |                  3 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                        | TRUIST FINANCIAL CORP SR UNSEC 5.122% 01-26-34/33                                               | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     4725000 | PA      | $4802055.30    | 0.02%             | 2034-01-26      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                               | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 7.875% 09-15-29                         | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    10106000 | PA      | $11041259.77   | 0.05%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                               | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 8.125% 09-15-31                         | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     9012000 | PA      | $10315297.42   | 0.05%             | 2031-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                                      | TALEN ENERGY SUPPLY LLC 144A LIFE SR SEC 1ST LIEN 8.625% 06-01-30                               | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    12341000 | PA      | $13108412.74   | 0.06%             | 2030-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                        | TRUIST FINANCIAL CORP SR UNSEC 5.867% 06-08-34/33                                               | CUSIP: 89788MAP7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     1597000 | PA      | $1692586.84    | 0.01%             | 2034-06-08      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                                 | TRANSOCEAN INTERNATIONAL LTD 144A LIFE SR SEC 1ST LIEN SF 8.75% 02-15-30                        | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | US        |     2638500 | PA      | $2778171.64    | 0.01%             | 2030-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                                                        | TRANSOCEAN AQUILA LTD 144A LIFE SR SEC 1ST LIEN SF 8.0% 09-30-28                                | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2957400 | PA      | $3044276.60    | 0.01%             | 2028-09-30      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                        | TRUIST FINANCIAL CORP SR UNSEC 5.711% 01-24-35/34                                               | CUSIP: 89788MAS1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    21665000 | PA      | $22742140.47   | 0.11%             | 2035-01-24      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                                      | UKG INC 144A LIFE SR UNSEC 6.875% 02-01-31                                                      | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |     7850000 | PA      | $8105831.50    | 0.04%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP                                                  | USA COMPRESSION PARTNERS LP 144A LIFE SR UNSEC 7.125% 03-15-29                                  | CUSIP: 91740PAG3<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |     7097000 | PA      | $7324274.33    | 0.04%             | 2029-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 5.0% 04-15-34                                                   | CUSIP: 91324PFB3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     1187000 | PA      | $1206325.55    | 0.01%             | 2034-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 5.375% 04-15-54                                                 | CUSIP: 91324PFC1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     3314000 | PA      | $3184936.27    | 0.02%             | 2054-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 5.5% 04-15-64                                                   | CUSIP: 91324PFD9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     1540000 | PA      | $1477334.32    | 0.01%             | 2064-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                 | UNIVISION COMMUNICATIONS INC 144A LIFE SR SEC 1ST LIEN 8.5% 07-31-31                            | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     9750000 | PA      | $10076352.00   | 0.05%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| UNIVERSAL ENTERTAINMENT CORP                                                 | UNIVERSAL ENTERTAINMENT CORP 144A LIFE SR SEC 1ST LIEN 9.875% 08-01-29                          | CUSIP: 91349WAC2<br>LEI: 353800BBJTHSMSQ31V91 | Long             | DBT              | CORP              | JP        |     7400000 | PA      | $7352869.40    | 0.04%             | 2029-08-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 5.5% 07-15-44                                                   | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    23000000 | PA      | $23056626.00   | 0.11%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 5.15% 07-15-34                                                  | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     8261000 | PA      | $8481651.31    | 0.04%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                           | UNION PACIFIC CORP SR UNSEC 5.1% 02-20-35                                                       | CUSIP: 907818GG7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    10609000 | PA      | $10913648.04   | 0.05%             | 2035-02-20      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                           | UNION PACIFIC CORP SR UNSEC 5.6% 12-01-54                                                       | CUSIP: 907818GH5<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     1621000 | PA      | $1647639.51    | 0.01%             | 2054-12-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE INC                                                    | UNITED PARCEL SERVICE INC SR UNSEC 6.05% 05-14-65                                               | CUSIP: 911312CL8<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |     1385000 | PA      | $1451088.05    | 0.01%             | 2065-05-14      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| UNISYS CORP                                                                  | UNISYS CORP 144A LIFE SR SEC 1ST LIEN 10.625% 01-15-31                                          | CUSIP: 909214BX5<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |    21568000 | PA      | $22997527.04   | 0.11%             | 2031-01-15      | Fixed         | 10.62%                | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 5.95% 06-15-55                                                  | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     8663000 | PA      | $9038385.12    | 0.04%             | 2055-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 5.3% 06-15-35                                                   | CUSIP: 91324PFQ0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    24288000 | PA      | $25117119.46   | 0.12%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                 | UNIVISION COMMUNICATIONS INC 144A LIFE SR SEC 1ST LIEN 9.375% 08-01-32                          | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     4575000 | PA      | $4879269.53    | 0.02%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 2.0% 05-15-30                                                   | CUSIP: 91324PDX7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     5404000 | PA      | $4899958.11    | 0.02%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                 | UBS GROUP AG 144A LIFE SR UNSEC 2.095% 02-11-32/31                                              | CUSIP: 902613AE8<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      750000 | PA      | $661939.50     | 0.00%             | 2032-02-11      | Variable      | 2.10%                 | Yes           |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                                          | UNITED AIRLINES INC 144A LIFE SR SEC 1ST LIEN 4.375% 04-15-26                                   | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     3605000 | PA      | $3602563.02    | 0.02%             | 2026-04-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.875% 08-15-45                                                     | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    14853000 | PA      | $15182552.42   | 0.07%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.62% 08-31-27                                                      | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     7181900 | PA      | $7182180.81    | 0.04%             | 2027-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.625% 08-31-30                                                     | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    21346000 | PA      | $21240104.63   | 0.10%             | 2030-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.375% 09-15-28                                                     | CUSIP: 91282CNY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    58571700 | PA      | $58171309.72   | 0.28%             | 2028-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.5% 09-30-27                                                       | CUSIP: 91282CPB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    19916000 | PA      | $19874767.91   | 0.10%             | 2027-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.625% 09-30-30                                                     | CUSIP: 91282CPA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   143130000 | PA      | $142408753.62  | 0.69%             | 2030-09-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.875% 09-30-32                                                     | CUSIP: 91282CNZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      449000 | PA      | $447561.81     | 0.00%             | 2032-09-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND (GOVERNMENT)            | UNITED KINGDOM INFLATION-LINKED GILT GBP REG S I/L 0.125% 08-10-41                              | CUSIP: N/A<br>LEI: ECTRVYYCEF89VWYS6K36       | Long             | DBT              | NUSS              | GB        |     3437519 | PA      | $3384123.54    | 0.02%             | 2041-08-10      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.375% 11-15-39                                                     | CUSIP: 912810QD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    40700000 | PA      | $40372491.17   | 0.20%             | 2039-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 2.75% 11-15-42                                                      | CUSIP: 912810QY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    25041200 | PA      | $19406779.75   | 0.09%             | 2042-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BANK_21-BN36                                                                 | BANK 2021-BN36 B 2.867% 09-15-64                                                                | CUSIP: 06540DBQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     5750000 | PA      | $4894825.50    | 0.02%             | 2064-09-15      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| BX TRUST BX_21-ARIA                                                          | BX 2021-ARIA D 144A FRN 10-15-36                                                                | CUSIP: 05608RAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3450000 | PA      | $3451731.90    | 0.02%             | 2036-10-15      | Variable      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_21-ARIA                                                          | BX 2021-ARIA C 144A FRN 10-15-36                                                                | CUSIP: 05608RAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     9960000 | PA      | $9961354.56    | 0.05%             | 2036-10-15      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_21-ARIA                                                          | BX 2021-ARIA B 144A FRN 10-15-36                                                                | CUSIP: 05608RAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     9946000 | PA      | $9943463.77    | 0.05%             | 2036-10-15      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_21-ACNT                                                          | BX 2021-ACNT B 144A FRN 11-15-38                                                                | CUSIP: 05609QAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     5449425 | PA      | $5449027.68    | 0.03%             | 2038-11-15      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_21-ACNT                                                          | BX 2021-ACNT D 144A FRN 11-15-38                                                                | CUSIP: 05609QAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3499023 | PA      | $3496601.35    | 0.02%             | 2038-11-15      | Variable      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_22-RPL1                                | BRAVO 2022-RPL1 A1 144A 2.75% 09-25-61                                                          | CUSIP: 10569XAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1088655 | PA      | $1000864.53    | 0.00%             | 2061-09-25      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_22-AHP                                       | BX 2022-AHP C 144A FRN 02-15-39                                                                 | CUSIP: 05610FAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     6500000 | PA      | $6496223.50    | 0.03%             | 2039-02-15      | Variable      | 6.24%                 | Yes           |                  2 | On Loan: No      |
| KILROY REALTY LP                                                             | KILROY REALTY LP SR UNSEC 6.25% 01-15-36                                                        | CUSIP: 49427RAS1<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |    10005000 | PA      | $10357436.13   | 0.05%             | 2036-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                                         | LOCKHEED MARTIN CORP SR UNSEC 4.8% 08-15-34                                                     | CUSIP: 539830CD9<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |     8128000 | PA      | $8227494.85    | 0.04%             | 2034-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BINOM SECURITIZATION TRUST BINOM_22-RPL1                                     | BINOM 2022-RPL1 A1 144A FRN 02-25-61                                                            | CUSIP: 05552CAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3280721 | PA      | $3084491.70    | 0.02%             | 2061-02-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| BANK BANK_22-BNK40                                                           | BANK 2022-BNK40 AS FRN 03-15-64                                                                 | CUSIP: 06541LBP0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      750000 | PA      | $680517.00     | 0.00%             | 2064-03-15      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                                            | LYB INTERNATIONAL FINANCE III LLC SR UNSEC 5.5% 03-01-34                                        | CUSIP: 50249AAM5<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |     6132000 | PA      | $6171183.48    | 0.03%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                                      | LATAM AIRLINES GROUP SA 144A LIFE SR UNSEC 7.875% 04-15-30                                      | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |     1034000 | PA      | $1077117.80    | 0.01%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BANK BANK_22-BNK40                                                           | BANK 2022-BNK40 B FRN 03-15-64                                                                  | CUSIP: 06541LBU9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      727000 | PA      | $641749.07     | 0.00%             | 2064-03-15      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| BXSC COMMERCIAL MORTGAGE TRUST BXSC_22-WSS                                   | BXSC 2022-WSS D 144A FRN 03-15-35                                                               | CUSIP: 05610BAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     9692000 | PA      | $9734877.41    | 0.05%             | 2035-03-15      | Variable      | 7.34%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_22-IND                                                           | BX 2022-IND D 144A FRN 04-15-37                                                                 | CUSIP: 05609WAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3031700 | PA      | $3040303.96    | 0.01%             | 2037-04-15      | Variable      | 6.99%                 | Yes           |                  2 | On Loan: No      |
| BBCMS 2022-C15                                                               | BBCMS 2022-C15 C FRN 04-15-55                                                                   | CUSIP: 05552FBG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     4842000 | PA      | $4127398.27    | 0.02%             | 2055-04-15      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_22-B34                                        | BMARK 2022-B34 A5 FRN 04-15-55                                                                  | CUSIP: 08161YBG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3367882 | PA      | $3144746.35    | 0.02%             | 2055-04-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| BMARK 2022-B35                                                               | BMARK 2022-B35 C FRN 05-15-55                                                                   | CUSIP: 08163RBV7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2406505 | PA      | $2027213.34    | 0.01%             | 2055-05-15      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                                                        | LONG RIDGE ENERGY LLC 144A LIFE SR SEC 1ST LIEN 8.75% 02-15-32                                  | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |     8260000 | PA      | $8496302.08    | 0.04%             | 2032-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                  | MEXICO GOVERNMENT INTERNATIONAL BOND 6.875% 05-13-37                                            | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    12095000 | PA      | $13074695.00   | 0.06%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2022-CSMO                                       | BX 2022-CSMO B 144A FRN 06-15-27                                                                | CUSIP: 05610MAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3000000 | PA      | $3036870.00    | 0.01%             | 2027-06-15      | Variable      | 7.29%                 | Yes           |                  2 | On Loan: No      |
| BANK BANK_22-BNK43                                                           | BANK 2022-BNK43 B FRN 08-15-55                                                                  | CUSIP: 06541QBK0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1750000 | PA      | $1666927.50    | 0.01%             | 2055-08-15      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_22-B36                                        | BMARK 2022-B36 B FRN 07-15-55                                                                   | CUSIP: 08163QBN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2500000 | PA      | $2442685.00    | 0.01%             | 2055-07-15      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC BBCMS_22-C17                     | BBCMS 2022-C17 B FRN 09-15-55                                                                   | CUSIP: 054976AK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2054000 | PA      | $1980419.56    | 0.01%             | 2055-09-15      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | MORGAN STANLEY SR UNSEC 5.587% 01-18-36/35                                                      | CUSIP: 61748UAF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     6300000 | PA      | $6599105.10    | 0.03%             | 2036-01-18      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                                 | MPT OPERATING PARTNERSHIP LP 144A LIFE SR SEC 1ST LIEN 8.5% 02-15-32                            | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    33272000 | PA      | $35379015.94   | 0.17%             | 2032-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BANK BANK_22-BNK44                                                           | BANK 2022-BNK44 B FRN 11-15-32                                                                  | CUSIP: 06540KAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1111000 | PA      | $1128783.78    | 0.01%             | 2032-11-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC BBCMS_22-C18                     | BBCMS 2022-C18 C FRN 12-15-55                                                                   | CUSIP: 054975AL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     5194000 | PA      | $5304097.22    | 0.03%             | 2055-12-15      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| MINERA MEXICO SA DE CV                                                       | MINERA MEXICO SA DE CV 144A LIFE SR UNSEC 5.625% 02-12-32                                       | CUSIP: 60284MAC6<br>LEI: 2549005BMA2EK49I0T98 | Long             | DBT              | CORP              | MX        |     8590000 | PA      | $8873470.00    | 0.04%             | 2032-02-12      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| MCDONALDS CORP                                                               | MCDONALD'S CORP SR UNSEC 4.95% 03-03-35                                                         | CUSIP: 58013MGA6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |     4274000 | PA      | $4332344.37    | 0.02%             | 2035-03-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                     | MARS INC 144A LIFE SR UNSEC 5.2% 03-01-35                                                       | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    33888000 | PA      | $34655766.53   | 0.17%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| TAKEDA US FINANCING INC                                                      | TAKEDA US FINANCING INC SR UNSEC 5.2% 07-07-35                                                  | CUSIP: 87406BAA0<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |    30167000 | PA      | $30675283.78   | 0.15%             | 2035-07-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TEXAS COMBINED TIRZ I LLC                                                    | TEXAS COMBINED TIRZ I LLC 144A LIFE 0.0% 12-07-62                                               | CUSIP: 881935AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3239441 | PA      | $3239440.84    | 0.02%             | 2062-12-07      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| TRANSDIGM INC                                                                | TRANSDIGM INC 144A LIFE SR SEC 1ST LIEN 6.25% 01-31-34                                          | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     1460000 | PA      | $1502579.44    | 0.01%             | 2034-01-31      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                | TRANSDIGM INC 144A LIFE SUB 6.75% 01-31-34                                                      | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     7095000 | PA      | $7341012.03    | 0.04%             | 2034-01-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                                 | TRANSOCEAN INTERNATIONAL LTD SR UNSEC 6.8% 03-15-38                                             | CUSIP: 893830AT6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | US        |     4633000 | PA      | $3927273.64    | 0.02%             | 2038-03-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                               | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 4.1% 10-01-46                           | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     2337000 | PA      | $1746159.66    | 0.01%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                               | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 6.75% 03-01-28                          | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     3900000 | PA      | $4051741.20    | 0.02%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                                 | TRANSOCEAN INTERNATIONAL LTD 144A LIFE SR UNSEC 8.0% 02-01-27                                   | CUSIP: 893830BL2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | US        |     3973000 | PA      | $3970516.88    | 0.02%             | 2027-02-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                     | TOYOTA MOTOR CREDIT CORP SR UNSEC 3.375% 04-01-30                                               | CUSIP: 89236TGY5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     2865000 | PA      | $2775543.24    | 0.01%             | 2030-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TRAVELERS COMPANIES INC                                                      | TRAVELERS COS INC SR UNSEC 2.55% 04-27-50                                                       | CUSIP: 89417EAQ2<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |      334000 | PA      | $206327.50     | 0.00%             | 2050-04-27      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                                     | TK ELEVATOR US NEWCO INC 144A LIFE SR SEC 1ST LIEN 5.25% 07-15-27                               | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |     2625000 | PA      | $2617726.13    | 0.01%             | 2027-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                             | T-MOBILE USA INC SR UNSEC 2.875% 02-15-31                                                       | CUSIP: 87264ABT1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     3037000 | PA      | $2800885.40    | 0.01%             | 2031-02-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                             | T-MOBILE USA INC SR UNSEC 2.55% 02-15-31                                                        | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    19963000 | PA      | $18144550.37   | 0.09%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMOMT_23-C4                                               | BMO 2023-C4 B FRN 02-15-56                                                                      | CUSIP: 05610CAK0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      948000 | PA      | $961618.02     | 0.00%             | 2056-02-15      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                                                    | TORONTO-DOMINION BANK SR UNSEC 2.0% 09-10-31                                                    | CUSIP: 89114TZJ4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     1469000 | PA      | $1305963.04    | 0.01%             | 2031-09-10      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                | TRANSDIGM INC SUB 4.875% 05-01-29                                                               | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     1990000 | PA      | $1962315.12    | 0.01%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                               | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 4.75% 05-09-27                          | CUSIP: 88167AAP6<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     8625000 | PA      | $8623732.13    | 0.04%             | 2027-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                               | TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV SR UNSEC 5.125% 05-09-29                         | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    16280000 | PA      | $16381147.64   | 0.08%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                                            | UNION ELECTRIC CO SR SEC 1ST LIEN 5.25% 04-15-35                                                | CUSIP: 906548DA7<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |     1125000 | PA      | $1160691.75    | 0.01%             | 2035-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE INC                                                    | UNITED PARCEL SERVICE INC SR UNSEC 5.25% 05-14-35                                               | CUSIP: 911312CJ3<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |     3822000 | PA      | $3956775.19    | 0.02%             | 2035-05-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE INC                                                    | UNITED PARCEL SERVICE INC SR UNSEC 5.95% 05-14-55                                               | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |     3682000 | PA      | $3849059.70    | 0.02%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 2.375% 05-15-51                                                     | CUSIP: 912810SX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    77828100 | PA      | $50070295.65   | 0.24%             | 2051-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 1.375% 11-15-31                                                     | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     4248000 | PA      | $3677506.77    | 0.02%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 2.875% 05-15-32                                                     | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      366500 | PA      | $344593.45     | 0.00%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.375% 08-15-43                                                     | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1867000 | PA      | $1802181.87    | 0.01%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.875% 10-31-28                                                     | CUSIP: 91282CJF9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2631000 | PA      | $2724899.34    | 0.01%             | 2028-10-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.75% 12-31-28                                                      | CUSIP: 91282CJR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    11803000 | PA      | $11841287.75   | 0.06%             | 2028-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.0% 01-15-27                                                       | CUSIP: 91282CJT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    10011500 | PA      | $10050128.37   | 0.05%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EUROPEAN UNION                                                               | EUROPEAN UNION 3.75% 10-12-45                                                                   | CUSIP: N/A<br>LEI: 529900FZRK8FGMPEOM08       | Long             | DBT              | NUSS              | BE        |    54590000 | PA      | $63438618.75   | 0.31%             | 2045-10-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                     | EUROPEAN INVT BK SR UNSEC 0.625% 10-21-27                                                       | CUSIP: 298785JJ6<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | LU        |    15310000 | PA      | $14404888.11   | 0.07%             | 2027-10-21      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC                                                 | AIMBRIDGE ACQUISITION CO INC TL 1ST LIEN FIRST OUT (TSFR1M+561.448)(FLR 1.00) FRN 03-11-30      | CUSIP: 00900YAG1<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |      448060 | PA      | $448059.89     | 0.00%             | 2030-03-11      | Variable      | 9.76%                 | No            |                  3 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC                                                 | AIMBRIDGE ACQUISITION CO INC PIK TL 1ST LIEN SECOND OUT (TSFR1M+761.448)(FLR 1.00) FRN 03-11-30 | CUSIP: 00900YAH9<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |      416607 | PA      | $416606.90     | 0.00%             | 2030-03-11      | Variable      | 11.96%                | No            |                  3 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                                                   | AMNEAL PHARMACEUTICALS LLC TL-B 1ST LIEN (TSFR1M+350)(FLR 0.5) FRN 08-01-32                     | CUSIP: 03167DAR5<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |     3965000 | PA      | $3965000.00    | 0.02%             | 2032-08-01      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                                                | COMMSCOPE LLC TL 1ST LIEN (TSFR3M+475)(FLR 2.0) FRN 12-17-29                                    | CUSIP: N/A<br>LEI: 549300Z6K4JXMFE8QY54       | Long             | LON              | CORP              | US        |     2850000 | PA      | $2887050.00    | 0.01%             | 2029-12-17      | Variable      | 8.91%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                                                | CORELOGIC INC TL 2ND LIEN (TSFR3M+650) (FLR 0.5) 10.77788% 06-04-29                             | CUSIP: N/A<br>LEI: 54930086CD8K2UIL0516       | Long             | LON              | CORP              | US        |     3127000 | PA      | $3128303.96    | 0.02%             | 2029-06-04      | Variable      | 10.78%                | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS INC                                                    | ENDO FINANCE HOLDING INC TL-B 1ST LIEN (TSFR3M+400)(FLR 0.5) FRN 04-23-31                       | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     3667288 | PA      | $3677599.91    | 0.02%             | 2031-04-23      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| FINASTRA USA INC                                                             | FINASTRA USA INC TL-B PP (TSFR3M+725)(FLR 1.0) FRN 09-13-29                                     | CUSIP: N/A<br>LEI: 549300ZB2RO6QC7YTK71       | Long             | LON              | CORP              | US        |      804268 | PA      | $810299.85     | 0.00%             | 2029-09-13      | Variable      | 11.29%                | Yes           |                  2 | On Loan: No      |
| APPLE BIDCO LLC                                                              | APPLE BIDCO LLC TL 1ST LIEN (TSFR3M+250)(FLR 0.0) FRN 09-23-31                                  | CUSIP: 48254EAG6<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |     8686350 | PA      | $8695653.08    | 0.04%             | 2031-09-23      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| FINASTRA USA INC                                                             | FINASTRA USA INC TL-B 1ST LIEN (TSFR1M+400) (FLR 0.0) FRN 07-30-32                              | CUSIP: N/A<br>LEI: 549300ZB2RO6QC7YTK71       | Long             | LON              | CORP              | US        |     1740000 | PA      | $1734780.00    | 0.01%             | 2032-07-30      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                               | GRAY TELEVISION INC TL-B 1ST LIEN (TSFR3M+525)(FLR 0.0) FRN 06-04-29                            | CUSIP: 389376BC7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |      101400 | PA      | $101590.13     | 0.00%             | 2029-06-04      | Variable      | 9.53%                 | No            |                  2 | On Loan: No      |
| GLADIEUX METALS RECYCLING LLC                                                | GLADIEUX METALS RECYCLING LLC PIK DIP TL (TSFR1M+1000) FRN 10-27-25                             | CUSIP: 37654HAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     6359396 | PA      | $6359395.90    | 0.03%             | 2025-10-20      | Variable      | 14.36%                | No            |                  3 | On Loan: No      |
| GRAY MEDIA INC                                                               | GRAY TELEVISION INC TL-D (TSFR3M+300)(FLR 0.00) FRN 12-01-28                                    | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |     7000000 | PA      | $7008267.00    | 0.03%             | 2028-12-01      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                                              | HANESBRANDS INC TL-B 1ST LIEN (TSFR3M + 275)(FLR 0.0) FRN 03-07-32                              | CUSIP: 410346AY6<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | LON              | CORP              | US        |      632653 | PA      | $636607.26     | 0.00%             | 2032-03-07      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| HERTZ CORPORATION (THE)                                                      | HERTZ CORPORATION (THE) TL-C 1ST LIEN (TSFR3M+350) FRN 06-30-28                                 | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |      249933 | PA      | $225877.36     | 0.00%             | 2028-06-30      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| CFMT 2024-HB15                                                               | CFMT 2024-HB15 M1 144A FRN 08-25-34                                                             | CUSIP: 15723AAB7<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-CBDO         | CORP              | US        |      291000 | PA      | $286652.75     | 0.00%             | 2034-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-HB15                                                               | CFMT 2024-HB15 A 144A FRN 08-25-34                                                              | CUSIP: 15723AAA9<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-CBDO         | CORP              | US        |     4077805 | PA      | $4063398.35    | 0.02%             | 2034-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-HB15                                                               | CFMT 2024-HB15 M3 144A FRN 08-25-34                                                             | CUSIP: 15723AAD3<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-CBDO         | CORP              | US        |      518000 | PA      | $499728.59     | 0.00%             | 2034-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-HB15                                                               | CFMT 2024-HB15 M2 144A FRN 08-25-34                                                             | CUSIP: 15723AAC5<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-CBDO         | CORP              | US        |      340000 | PA      | $332594.80     | 0.00%             | 2034-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES CAS_19-R07                          | CAS 2019-R07 1B1 144A FRN 10-25-39                                                              | CUSIP: 20753WAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     4343595 | PA      | $4423191.49    | 0.02%             | 2039-10-25      | Variable      | 7.87%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-RM5                                                                | CFMT 2024-RM5 A 144A FRN 10-25-54                                                               | CUSIP: 147275AA9<br>LEI: 984500AB3AED98FEEV98 | Long             | ABS-CBDO         | CORP              | US        |     9142159 | PA      | $8987208.14    | 0.04%             | 2054-10-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-NR1                                                                | CFMT 2024-NR1 A1 144A 6.405% 11-25-29                                                           | CUSIP: 12531DAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      911544 | PA      | $920611.13     | 0.00%             | 2029-11-25      | Variable      | 6.41%                 | Yes           |                  2 | On Loan: No      |
| CIM_20-R3                                                                    | CIM 2020-R3 A1B 144A FRN 01-26-60                                                               | CUSIP: 12559NAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2998000 | PA      | $2735821.90    | 0.01%             | 2060-01-26      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| MORTGAGE TRUST DATA_23-CNTR                                                  | DATA 2023-CNTR D 144A FRN 08-12-43                                                              | CUSIP: 238021AJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3320000 | PA      | $3128867.60    | 0.02%             | 2043-08-12      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST DC_23-DC                                        | DC 2023-DC D 144A FRN 09-10-40                                                                  | CUSIP: 24023AAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    30927000 | PA      | $31517829.41   | 0.15%             | 2040-09-10      | Variable      | 7.14%                 | Yes           |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST DC_23-DC                                        | DC 2023-DC A 144A 6.3143% 09-10-40                                                              | CUSIP: 24023AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    24515000 | PA      | $25409233.66   | 0.12%             | 2040-09-10      | Fixed         | 6.31%                 | Yes           |                  2 | On Loan: No      |
| DURST 2025-151                                                               | DURST 2025-151 A 144A FRN 08-10-42                                                              | CUSIP: 266895AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    13123000 | PA      | $13381247.52   | 0.07%             | 2042-08-10      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST ESA_21-ESH                                       | ESA 2021-ESH D 144A FRN 07-15-38                                                                | CUSIP: 30227FAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3536700 | PA      | $3541976.35    | 0.02%             | 2038-07-15      | Variable      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST ESA_21-ESH                                       | ESA 2021-ESH C 144A FRN 07-15-38                                                                | CUSIP: 30227FAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3374791 | PA      | $3378728.97    | 0.02%             | 2038-07-15      | Variable      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST ESA_21-ESH                                       | ESA 2021-ESH B 144A FRN 07-15-38                                                                | CUSIP: 30227FAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3230590 | PA      | $3233717.60    | 0.02%             | 2038-07-15      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| ELM TRUST ELM_24-ELM                                                         | ELM 2024-ELM D10 144A FRN 06-10-39                                                              | CUSIP: 26860XBE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      621000 | PA      | $625135.86     | 0.00%             | 2039-06-10      | Variable      | 6.63%                 | Yes           |                  2 | On Loan: No      |
| ELM TRUST ELM_24-ELM                                                         | ELM 2024-ELM D15 144A FRN 06-10-39                                                              | CUSIP: 26860XAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      558000 | PA      | $561806.68     | 0.00%             | 2039-06-10      | Variable      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                         | ESA 2025-ESH A 144A FRN 10-15-42                                                                | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      664000 | PA      | $664830.00     | 0.00%             | 2042-10-15      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                         | ESA 2025-ESH D 144A FRN 10-15-42                                                                | CUSIP: 30227TAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1749000 | PA      | $1753372.50    | 0.01%             | 2042-10-15      | Variable      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CA5220 02-01-50                                                                   | CUSIP: 3140QCYS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       51006 | PA      | $44941.34      | 0.00%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 MA4237 01-01-51                                                                   | CUSIP: 31418DV74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    25388134 | PA      | $20672897.34   | 0.10%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 MA4282 03-01-51                                                                   | CUSIP: 31418DXL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     6451753 | PA      | $5469576.83    | 0.03%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 MA4306 04-01-51                                                                   | CUSIP: 31418DYC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    25827708 | PA      | $21936195.20   | 0.11%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RJ2309 09-01-54                                                                   | CUSIP: 3142GSR75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     8090317 | PA      | $8289339.22    | 0.04%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RJ2306 09-01-54                                                                   | CUSIP: 3142GSR42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    12573583 | PA      | $13000241.98   | 0.06%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RJ2308 09-01-54                                                                   | CUSIP: 3142GSR67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    13231417 | PA      | $13651819.26   | 0.07%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 SD6286 08-01-54                                                                   | CUSIP: 3132DT6X3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     4520253 | PA      | $4594841.60    | 0.02%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNMDI4 3.5 BF0784 12-01-63                                                                      | CUSIP: 3140FX2S0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     6468961 | PA      | $5817413.88    | 0.03%             | 2063-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 SD6284 01-01-54                                                                   | CUSIP: 3132DT6V7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     5823586 | PA      | $4713785.16    | 0.02%             | 2054-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB3353 04-01-52                                                                   | CUSIP: 3140QNWP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      984520 | PA      | $831084.43     | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 SD6271 09-01-54                                                                   | CUSIP: 3132DT6G0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     4389411 | PA      | $4554979.28    | 0.02%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.5 FS8783 08-01-54                                                                   | CUSIP: 3140XQXM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4938562 | PA      | $5146431.29    | 0.03%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 QJ4693 09-01-54                                                                   | CUSIP: 3133CVGA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2097881 | PA      | $2186474.22    | 0.01%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 QI9151 07-01-54                                                                   | CUSIP: 3133WGEY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     5683865 | PA      | $5923895.06    | 0.03%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.5 CB7626 12-01-53                                                                   | CUSIP: 3140QTPL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    37541781 | PA      | $39098901.14   | 0.19%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.5 CB7426 11-01-53                                                                   | CUSIP: 3140QTHC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    33088140 | PA      | $34380661.62   | 0.17%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 SD4807 06-01-52                                                                   | CUSIP: 3132DSKU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     4388993 | PA      | $3561308.10    | 0.02%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FS9189 05-01-52                                                                   | CUSIP: 3140XRF75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     7515844 | PA      | $6098423.10    | 0.03%             | 2052-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 BU5048 09-01-54                                                                   | CUSIP: 3140M6TE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     8822051 | PA      | $9075941.30    | 0.04%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SD6578 09-01-54                                                                   | CUSIP: 3132DUJX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    47955742 | PA      | $49459058.63   | 0.24%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QC0576 04-01-51                                                                   | CUSIP: 3133AJT94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2018604 | PA      | $1705736.25    | 0.01%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QD7219 02-01-52                                                                   | CUSIP: 3133B5AU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      189645 | PA      | $160074.09     | 0.00%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FS7879 07-01-52                                                                   | CUSIP: 3140XPXH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     8105687 | PA      | $6837632.95    | 0.03%             | 2052-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FM6128 02-01-51                                                                   | CUSIP: 3140X9Y25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4588906 | PA      | $3875556.12    | 0.02%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QF0154 09-01-52                                                                   | CUSIP: 3133BME35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      283825 | PA      | $249675.76     | 0.00%             | 2052-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD8225 07-01-52                                                                   | CUSIP: 3132DWD67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    15676936 | PA      | $13789072.27   | 0.07%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BV5386 04-01-52                                                                   | CUSIP: 3140MJ6Y6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      563617 | PA      | $496303.80     | 0.00%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BU6941 05-01-52                                                                   | CUSIP: 3140M8WB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      248169 | PA      | $210108.49     | 0.00%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QD7993 03-01-52                                                                   | CUSIP: 3133B53A8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       22496 | PA      | $19066.95      | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QC8196 10-01-51                                                                   | CUSIP: 3133ATC90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      994777 | PA      | $839165.70     | 0.00%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HACLN 2025-1                                                                 | HACLN 2025-1 B 144A 4.957% 03-21-33                                                             | CUSIP: 446438SX2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      876700 | PA      | $882531.40     | 0.00%             | 2033-03-21      | Fixed         | 4.96%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-3                                   | HERTZ 2025-3A B 144A 5.59% 12-26-29                                                             | CUSIP: 42806MDC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      446000 | PA      | $450876.56     | 0.00%             | 2029-12-26      | Fixed         | 5.59%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING IV LLC HERTZ_25-4                                    | HERTZ 2025-4A B 144A 5.9% 12-25-31                                                              | CUSIP: 42806MDG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      372000 | PA      | $379828.00     | 0.00%             | 2031-12-25      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-3                                   | HERTZ 2025-3A A 144A 5.06% 12-26-29                                                             | CUSIP: 42806MDB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1109000 | PA      | $1127281.87    | 0.01%             | 2029-12-26      | Fixed         | 5.06%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING IV LLC HERTZ_25-4                                    | HERTZ 2025-4A D 144A 9.34% 12-25-31                                                             | CUSIP: 42806MDJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      750000 | PA      | $784624.50     | 0.00%             | 2031-12-25      | Fixed         | 9.34%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-3                                   | HERTZ 2025-3A C 144A 6.13% 12-26-29                                                             | CUSIP: 42806MDD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      455000 | PA      | $461097.46     | 0.00%             | 2029-12-26      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING IV LLC HERTZ_25-4                                    | HERTZ 2025-4A C 144A 6.48% 12-25-31                                                             | CUSIP: 42806MDH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1232000 | PA      | $1257433.41    | 0.01%             | 2031-12-25      | Fixed         | 6.48%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING IV LLC HERTZ_25-4                                    | HERTZ 2025-4A A 144A 5.41% 12-25-31                                                             | CUSIP: 42806MDF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2217000 | PA      | $2271154.66    | 0.01%             | 2031-12-25      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| ICG 2016-1A                                                                  | ICG 2016-1A BR3 CLO 144A FRN 04-29-34                                                           | CUSIP: 44931NBG5<br>LEI: 635400A7LQADQPBLJB50 | Long             | ABS-O            | CORP              | KY        |     2912000 | PA      | $2912000.00    | 0.01%             | 2034-04-29      | Variable      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| JAMESTOWN CLO LTD JTWN_18-11A                                                | JTWN 2018-11A A2 CLO 144A FRN 07-14-31                                                          | CUSIP: 47049QAC0<br>LEI: 549300ICXRO4NIJIWJ29 | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $501364.00     | 0.00%             | 2031-07-14      | Variable      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| JTWN 2021-16A                                                                | JTWN 2021-16A CR CLO 144A FRN 07-25-34                                                          | CUSIP: 47048RAQ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      740000 | PA      | $741702.00     | 0.00%             | 2034-07-25      | Variable      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| JTWN 2021-16A                                                                | JTWN 2021-16A DR CLO 144A FRN 07-25-34                                                          | CUSIP: 47048RAS4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $999926.00     | 0.00%             | 2034-07-25      | Variable      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_22-1                                        | LADAR 2022-1A C 144A 6.85% 04-15-30                                                             | CUSIP: 501687AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      656000 | PA      | $663629.94     | 0.00%             | 2030-04-15      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FM5713 02-01-51                                                                   | CUSIP: 3140X9K38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       82410 | PA      | $70092.86      | 0.00%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 SD1345 10-01-51                                                                   | CUSIP: 3132DNP64<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2597988 | PA      | $2194278.94    | 0.01%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-1A                                       | LADAR 2023-1A C 144A 6.18% 12-15-27                                                             | CUSIP: 505710AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      207000 | PA      | $208285.47     | 0.00%             | 2027-12-15      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-1A                                       | LADAR 2023-1A D 144A 7.3% 06-17-30                                                              | CUSIP: 505710AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      219000 | PA      | $223295.47     | 0.00%             | 2030-06-17      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                            | LADAR 2023-2A C 144A 5.58% 09-15-28                                                             | CUSIP: 505713AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1127000 | PA      | $1137874.42    | 0.01%             | 2028-09-15      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                            | LADAR 2023-2A D 144A 6.3% 02-15-31                                                              | CUSIP: 505713AF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1712000 | PA      | $1750497.74    | 0.01%             | 2031-02-15      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                                  | MLANE 2025-B B 144A 5.21% 09-15-31                                                              | CUSIP: 60510MBV9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1326000 | PA      | $1330488.51    | 0.01%             | 2031-09-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                                  | MLANE 2025-B D 144A 5.8% 09-15-31                                                               | CUSIP: 60510MBX5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1461000 | PA      | $1466069.67    | 0.01%             | 2031-09-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FM9086 10-01-51                                                                   | CUSIP: 3140XDCY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       23292 | PA      | $19670.31      | 0.00%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 RJ0147 09-01-53                                                                   | CUSIP: 3142GQEV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      371283 | PA      | $313410.74     | 0.00%             | 2053-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MMP 2025-A                                                                   | MMP 2025-A B 144A 5.72% 12-15-31                                                                | CUSIP: 55317QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      332000 | PA      | $338245.92     | 0.00%             | 2031-12-15      | Fixed         | 5.72%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-C                                  | MLANE 2025-C F 144A 10.55% 12-16-30                                                             | CUSIP: 60510MCF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4000000 | PA      | $4012440.00    | 0.02%             | 2030-12-16      | Fixed         | 10.55%                | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BR3314 03-01-51                                                                   | CUSIP: 3140L1VG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     5318669 | PA      | $4486674.86    | 0.02%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BQ0218 08-01-50                                                                   | CUSIP: 3140KKG40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      254088 | PA      | $224031.43     | 0.00%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-C                                  | MLANE 2025-C D 144A 5.71% 12-16-30                                                              | CUSIP: 60510MCD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      346000 | PA      | $347065.68     | 0.00%             | 2030-12-16      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-C                                  | MLANE 2025-C A 144A 4.78% 12-16-30                                                              | CUSIP: 60510MCA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1151000 | PA      | $1154545.08    | 0.01%             | 2030-12-16      | Fixed         | 4.78%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FA1404 09-01-52                                                                   | CUSIP: 3140W1R21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       73690 | PA      | $64827.82      | 0.00%             | 2052-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BV5102 03-01-52                                                                   | CUSIP: 3140MJU45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      939207 | PA      | $826985.46     | 0.00%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-C                                  | MLANE 2025-C E 144A 7.66% 12-16-30                                                              | CUSIP: 60510MCE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     8000000 | PA      | $8025120.00    | 0.04%             | 2030-12-16      | Fixed         | 7.66%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-C                                  | MLANE 2025-C C 144A 5.23% 12-15-30                                                              | CUSIP: 60510MCC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      344000 | PA      | $345073.28     | 0.00%             | 2030-12-16      | Fixed         | 5.37%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BX3196 09-01-52                                                                   | CUSIP: 3140N7RS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      164455 | PA      | $144790.88     | 0.00%             | 2052-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB3496 05-01-52                                                                   | CUSIP: 3140QN3E0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      945233 | PA      | $833069.74     | 0.00%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS IV BV                                | TEVA PHARMACEUTICAL FINANCE NETHERLANDS IV BV SR UNSEC 5.75% 12-01-30                           | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |     5265000 | PA      | $5427551.61    | 0.03%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                                         | TARGA RESOURCES CORP SR UNSEC 5.65% 02-15-36                                                    | CUSIP: 87612GAQ4<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     6148000 | PA      | $6298281.71    | 0.03%             | 2036-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QB0758 06-01-50                                                                   | CUSIP: 3133A6ZX2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      124829 | PA      | $109985.14     | 0.00%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 MA5227 11-01-53                                                                   | CUSIP: 31418EYZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      593526 | PA      | $522061.02     | 0.00%             | 2053-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TAKEDA US FINANCING INC                                                      | TAKEDA US FINANCING INC SR UNSEC 5.9% 07-07-55                                                  | CUSIP: 87406BAB8<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |     5164000 | PA      | $5324027.20    | 0.03%             | 2055-07-07      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QD1841 11-01-51                                                                   | CUSIP: 3133AYBJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     6013985 | PA      | $4868320.78    | 0.02%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FM9350 11-01-51                                                                   | CUSIP: 3140XDL87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      927635 | PA      | $816916.24     | 0.00%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB2301 12-01-51                                                                   | CUSIP: 3140QMRX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      658079 | PA      | $579532.28     | 0.00%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BQ7006 01-01-52                                                                   | CUSIP: 3140KSYC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4815708 | PA      | $3892498.32    | 0.02%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 MA5421 07-01-54                                                                   | CUSIP: 31418FAX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      486586 | PA      | $497706.19     | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QE0305 04-01-52                                                                   | CUSIP: 3133B9KS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       46453 | PA      | $40923.35      | 0.00%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QC8179 10-01-51                                                                   | CUSIP: 3133ATCQ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       38216 | PA      | $33667.34      | 0.00%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.5 CB8872 07-01-54                                                                   | CUSIP: 3140QU2E5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     7554868 | PA      | $7876146.02    | 0.04%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.5 CB8725 06-01-54                                                                   | CUSIP: 3140QUVT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4917397 | PA      | $5092687.13    | 0.02%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB3874 06-01-47                                                                   | CUSIP: 3140QPJU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       88268 | PA      | $78686.56      | 0.00%             | 2047-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB1920 06-01-51                                                                   | CUSIP: 3140QMD27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1881257 | PA      | $1654415.25    | 0.01%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RJ1964 07-01-54                                                                   | CUSIP: 3142GSFE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     8850941 | PA      | $9171699.30    | 0.04%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.5 CB8876 07-01-54                                                                   | CUSIP: 3140QU2J4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2103892 | PA      | $2187096.58    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QD5490 01-01-52                                                                   | CUSIP: 3133B3C39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      748221 | PA      | $659147.88     | 0.00%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QD2481 12-01-51                                                                   | CUSIP: 3133AYXJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      541307 | PA      | $476868.78     | 0.00%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 FS8318 07-01-54                                                                   | CUSIP: 3140XQG43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2932450 | PA      | $3025622.56    | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RJ1975 07-01-54                                                                   | CUSIP: 3142GSFR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     6653575 | PA      | $6831624.51    | 0.03%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BV8865 06-01-52                                                                   | CUSIP: 3140MNZ74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      741127 | PA      | $652240.06     | 0.00%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FS0780 01-01-52                                                                   | CUSIP: 3140XF2N0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      229304 | PA      | $202007.92     | 0.00%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 CB8858 07-01-54                                                                   | CUSIP: 3140QUZY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4332969 | PA      | $4459460.92    | 0.02%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.5 FS8317 07-01-54                                                                   | CUSIP: 3140XQG35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1166204 | PA      | $1215288.14    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB4360 08-01-52                                                                   | CUSIP: 3140QPZ26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1996052 | PA      | $1757396.33    | 0.01%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD8320 02-01-53                                                                   | CUSIP: 3132DWG56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      998062 | PA      | $878041.99     | 0.00%             | 2053-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 FS4840 05-01-53                                                                   | CUSIP: 3140XLLW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     8475382 | PA      | $8581180.41    | 0.04%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 FS6838 11-01-53                                                                   | CUSIP: 3140XNS47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    40518230 | PA      | $41024018.61   | 0.20%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SD3512 08-01-53                                                                   | CUSIP: 3132DQ3V6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2426658 | PA      | $2488998.47    | 0.01%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SD5873 07-01-54                                                                   | CUSIP: 3132DTQ29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     8923342 | PA      | $9140321.97    | 0.04%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QD1684 11-01-51                                                                   | CUSIP: 3133AX2R2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      199114 | PA      | $175411.10     | 0.00%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QF9466 03-01-53                                                                   | CUSIP: 3133BXQT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      255327 | PA      | $224750.04     | 0.00%             | 2053-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 FS8591 07-01-54                                                                   | CUSIP: 3140XQRM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     7052768 | PA      | $7276855.24    | 0.04%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DC0296 08-01-54                                                                   | CUSIP: 3140AMKJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      670570 | PA      | $690014.29     | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DB7690 08-01-54                                                                   | CUSIP: 3140AHRL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      707839 | PA      | $728363.24     | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 QI3333 04-01-54                                                                   | CUSIP: 3133W9V24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      992640 | PA      | $1023492.15    | 0.00%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SD5692 05-01-54                                                                   | CUSIP: 3132DTKD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1250820 | PA      | $1290420.55    | 0.01%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SD5896 07-01-54                                                                   | CUSIP: 3132DTRR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1879082 | PA      | $1926503.02    | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BW6397 07-01-52                                                                   | CUSIP: 3140MYDB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      631875 | PA      | $555668.77     | 0.00%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 CB3345 04-01-52                                                                   | CUSIP: 3140QNWF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     5959079 | PA      | $4820984.43    | 0.02%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 FS8223 06-01-54                                                                   | CUSIP: 3140XQD53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2289095 | PA      | $2345404.87    | 0.01%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 RJ2247 08-01-54                                                                   | CUSIP: 3142GSP93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     6110281 | PA      | $6358847.24    | 0.03%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_15-LC22                           | WFCM 2015-LC22 C FRN 09-15-58                                                                   | CUSIP: 94989TBF0<br>LEI: 549300XO83D3BDYP0P62 | Long             | ABS-CBDO         | CORP              | US        |     4000000 | PA      | $3767884.00    | 0.02%             | 2058-09-15      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_16-NXS5                           | WFCM 2016-NXS5 B FRN 01-15-59                                                                   | CUSIP: 95000CBG7<br>LEI: 549300SGFUCMB43V8P22 | Long             | ABS-CBDO         | CORP              | US        |     2745000 | PA      | $2712932.91    | 0.01%             | 2059-01-15      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FS6634 06-01-52                                                                   | CUSIP: 3140XNLQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    17926165 | PA      | $15764484.28   | 0.08%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FS5083 03-01-52                                                                   | CUSIP: 3140XLUH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      132586 | PA      | $117367.66     | 0.00%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_17-C40                            | WFCM 2017-C40 C FRN 10-15-50                                                                    | CUSIP: 95000YBD6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     4975000 | PA      | $4582984.93    | 0.02%             | 2050-10-15      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_18-C46                            | WFCM 2018-C46 B 4.633% 08-15-51                                                                 | CUSIP: 95001QAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1451000 | PA      | $1397530.65    | 0.01%             | 2051-08-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BV5622 06-01-52                                                                   | CUSIP: 3140MKG89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1514345 | PA      | $1333541.35    | 0.01%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD4120 06-01-52                                                                   | CUSIP: 3132E0SH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      271669 | PA      | $238908.84     | 0.00%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WFCM 2018-C48                                                                | WFCM 2018-C48 B FRN 01-15-52                                                                    | CUSIP: 95001RBB4<br>LEI: 549300REQJRID6TODX95 | Long             | ABS-CBDO         | CORP              | US        |      365000 | PA      | $353614.56     | 0.00%             | 2052-01-15      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_19-C49                            | WFCM 2019-C49 C FRN 03-15-52                                                                    | CUSIP: 95001WBG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3000000 | PA      | $2902680.00    | 0.01%             | 2052-03-15      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FS6861 03-01-52                                                                   | CUSIP: 3140XNTT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       68586 | PA      | $60386.34      | 0.00%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QE1603 05-01-52                                                                   | CUSIP: 3133BAX89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       21104 | PA      | $18559.28      | 0.00%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QF6262 01-01-53                                                                   | CUSIP: 3133BT5X4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      697123 | PA      | $613257.70     | 0.00%             | 2053-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QE5296 05-01-52                                                                   | CUSIP: 3133BE3D3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       59828 | PA      | $52681.14      | 0.00%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB1409 08-01-51                                                                   | CUSIP: 3140QLR73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      996093 | PA      | $875981.21     | 0.00%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FM6824 04-01-51                                                                   | CUSIP: 3140XASN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      372383 | PA      | $300521.41     | 0.00%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BQ7452 12-01-51                                                                   | CUSIP: 3140KTH65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1166333 | PA      | $943722.19     | 0.00%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WFCM 2019-C54                                                                | WFCM 2019-C54 C 3.81% 12-15-52                                                                  | CUSIP: 95001YAK0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2500000 | PA      | $2220222.50    | 0.01%             | 2052-12-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| WMRK COMMERCIAL MORTGAGE TRUST WMRK_22-WMRK                                  | WMRK 2022-WMRK A 144A FRN 11-15-27                                                              | CUSIP: 929342AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3293000 | PA      | $3307723.00    | 0.02%             | 2027-11-15      | Variable      | 6.94%                 | Yes           |                  2 | On Loan: No      |
| WSTN TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WSTN_23-MAUI        | WSTN 2023-MAUI C 144A FRN 07-05-37                                                              | CUSIP: 92943AAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      371000 | PA      | $377473.21     | 0.00%             | 2037-07-05      | Variable      | 7.69%                 | Yes           |                  2 | On Loan: No      |
| WSTN TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES WSTN_23-MAUI        | WSTN 2023-MAUI D 144A FRN 07-05-37                                                              | CUSIP: 92943AAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1071000 | PA      | $1078522.70    | 0.01%             | 2037-07-05      | Variable      | 8.45%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 4.625% 07-01-35                                            | CUSIP: 74526QVY5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |       65000 | PA      | $44525.00      | 0.00%             | 2035-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-28                                              | CUSIP: 74526QXB3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |      700000 | PA      | $479500.00     | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 4.25% 07-01-28                                             | CUSIP: 74526QWN8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |      145000 | PA      | $99325.00      | 0.00%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.5% 07-01-30                                              | CUSIP: 74526QAJ1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |       90000 | PA      | $61650.00      | 0.00%             | 2030-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-31                                              | CUSIP: 74526QZM7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |      525000 | PA      | $359625.00     | 0.00%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 3.625% 07-01-31                                            | CUSIP: 74526QZF2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |       20000 | PA      | $13700.00      | 0.00%             | 2031-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY .0% 07-01-27                                               | CUSIP: 74526QLH3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     4630000 | PA      | $3171550.00    | 0.02%             | 2027-07-01      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-37                                              | CUSIP: 74526QKX9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |      495000 | PA      | $340312.50     | 0.00%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-27                                              | CUSIP: 74526QKK7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |       60000 | PA      | $41100.00      | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-33                                              | CUSIP: 74526QKR2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |      140000 | PA      | $95900.00      | 0.00%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.25% 07-01-33                                             | CUSIP: 74526QVD1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     4650000 | PA      | $3196875.00    | 0.02%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.25% 07-01-40                                             | CUSIP: 74526QVX7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     2640000 | PA      | $1815000.00    | 0.01%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 6.75% 07-01-36                                             | CUSIP: 74526QA69<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |      490000 | PA      | $336875.00     | 0.00%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC                                                | EURIBOR 90DAY FUT ERZ5 12-15-25                                                                 | CUSIP: N/A<br>LEI: 5493000F4ZO33MV32P92       | N/A              | DIR              | CORP              | US        |        6945 | NC      | $298691.46     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AG                                                            | EURO-BOBL 5YR FUT OEZ5 12-08-25                                                                 | CUSIP: N/A<br>LEI: 529900LN3S50JPU47S06       | N/A              | DIR              | CORP              | DE        |        2743 | NC      | $-470147.68    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AG                                                            | EURO-BUND 10YR FUT RXZ5 12-08-25                                                                | CUSIP: N/A<br>LEI: 529900LN3S50JPU47S06       | N/A              | DIR              | CORP              | DE        |        3270 | NC      | $565360.95     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                          | CLP FWD PUR FROM USD NDF 10/14/2025                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $117442.71     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | CAD FWD SALE TO USD 10/16/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $1189132.98    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | CAD FWD SALE TO USD 10/16/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $2546959.01    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | CNH FWD SALE TO USD 10/22/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $949256.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QB3745 09-01-50                                                                   | CUSIP: 3133AAES7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       78380 | PA      | $66777.36      | 0.00%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BT2305 03-01-52                                                                   | CUSIP: 3140LQR36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      299561 | PA      | $254084.69     | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BQ2143 09-01-50                                                                   | CUSIP: 3140KMLZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1527938 | PA      | $1289312.11    | 0.01%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FMBT 2024-FBLU                                                               | FMBT 2024-FBLU F 144A FRN 12-15-29                                                              | CUSIP: 34461WAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2927000 | PA      | $2944907.39    | 0.01%             | 2029-12-15      | Variable      | 8.40%                 | Yes           |                  2 | On Loan: No      |
| FMBT 2024-FBLU                                                               | FMBT 2024-FBLU A 144A FRN 12-15-29                                                              | CUSIP: 34461WAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2233130 | PA      | $2236874.96    | 0.01%             | 2029-12-15      | Variable      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 MA5531 11-01-54                                                                   | CUSIP: 31418FED5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4071912 | PA      | $4110146.77    | 0.02%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 SD8469 10-01-54                                                                   | CUSIP: 3132DWMS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    55179679 | PA      | $55703500.05   | 0.27%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 SD8475 11-01-54                                                                   | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    79421627 | PA      | $80175258.64   | 0.39%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 QX1414 12-01-54                                                                   | CUSIP: 31425VSC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      122220 | PA      | $123385.16     | 0.00%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QD5465 01-01-52                                                                   | CUSIP: 3133B3CA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       76761 | PA      | $65276.42      | 0.00%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FM8197 08-01-51                                                                   | CUSIP: 3140XCDB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      204487 | PA      | $165024.83     | 0.00%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BQ6356 11-01-50                                                                   | CUSIP: 3140KSB22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       34522 | PA      | $27881.82      | 0.00%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 MA4769 09-01-52                                                                   | CUSIP: 31418EJP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      373035 | PA      | $302093.27     | 0.00%             | 2052-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FM6332 02-01-51                                                                   | CUSIP: 3140XABA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       49867 | PA      | $40244.70      | 0.00%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 CB1373 08-01-51                                                                   | CUSIP: 3140QLQ33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      117701 | PA      | $94988.64      | 0.00%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FS7385 02-01-51                                                                   | CUSIP: 3140XPF38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      109911 | PA      | $88906.41      | 0.00%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BV2340 02-01-52                                                                   | CUSIP: 3140MFS61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1459834 | PA      | $1178094.78    | 0.01%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 SD1406 08-01-52                                                                   | CUSIP: 3132DNR39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      749436 | PA      | $606494.98     | 0.00%             | 2052-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FM7943 07-01-51                                                                   | CUSIP: 3140XBZH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    10991365 | PA      | $8870218.07    | 0.04%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BT1855 07-01-51                                                                   | CUSIP: 3140LQBZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1580829 | PA      | $1275776.11    | 0.01%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QC5798 08-01-51                                                                   | CUSIP: 3133AQNP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1482836 | PA      | $1200382.62    | 0.01%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 RA6237 11-01-51                                                                   | CUSIP: 3133KM4W2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1171527 | PA      | $945456.47     | 0.00%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BQ7041 01-01-52                                                                   | CUSIP: 3140KSZF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    27106562 | PA      | $21875184.97   | 0.11%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINANCE BV                                               | EMBRAER NETHERLANDS FINANCE BV SR UNSEC 5.98% 02-11-35                                          | CUSIP: 29082HAE2<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |     1985000 | PA      | $2107087.43    | 0.01%             | 2035-02-11      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| ELI LILLY AND CO                                                             | ELI LILLY & CO SR UNSEC 5.1% 02-12-35                                                           | CUSIP: 532457CX4<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     2363000 | PA      | $2445558.49    | 0.01%             | 2035-02-12      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ELI LILLY AND CO                                                             | ELI LILLY & CO SR UNSEC 5.5% 02-12-55                                                           | CUSIP: 532457CY2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |      929000 | PA      | $949595.93     | 0.00%             | 2055-02-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EIDP INC                                                                     | EIDP INC SR UNSEC 5.125% 05-15-32                                                               | CUSIP: 263534CS6<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | DBT              | CORP              | US        |    13361000 | PA      | $13749631.41   | 0.07%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                                     | EAGLE FUNDING LUXCO SARL 144A LIFE SR UNSEC SF 5.5% 08-17-30                                    | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | CORP              | LU        |    99340000 | PA      | $100910565.40  | 0.49%             | 2030-08-17      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                          | ELEVANCE HEALTH INC SR UNSEC 5.7% 09-15-55                                                      | CUSIP: 036752BL6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |     6000000 | PA      | $5951154.00    | 0.03%             | 2055-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                          | ELEVANCE HEALTH INC SR UNSEC 5.0% 01-15-36                                                      | CUSIP: 036752BK8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    18000000 | PA      | $17876142.00   | 0.09%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                     | EQT CORP SR UNSEC 4.5% 01-15-29                                                                 | CUSIP: 26884LAX7<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     2361000 | PA      | $2362090.78    | 0.01%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EMERA INC                                                                    | EMERA INC SUB (H) 6.75% 06-15-76/26                                                             | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |      350000 | PA      | $352252.25     | 0.00%             | 2076-06-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| EMBARQ LLC                                                                   | EMBARQ LLC SR UNSEC 7.995% 06-01-36                                                             | CUSIP: 29078EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1250000 | PA      | $625775.00     | 0.00%             | 2036-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                         | EDISON INTERNATIONAL SR UNSEC 4.125% 03-15-28                                                   | CUSIP: 281020AM9<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |       70000 | PA      | $68735.94      | 0.00%             | 2028-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORP                                                             | EXXON MOBIL CORP SR UNSEC 4.227% 03-19-40                                                       | CUSIP: 30231GBF8<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |     1112000 | PA      | $1018545.30    | 0.00%             | 2040-03-19      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORP                                                             | EXXON MOBIL CORP SR UNSEC 3.452% 04-15-51                                                       | CUSIP: 30231GBM3<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |     1139000 | PA      | $835514.59     | 0.00%             | 2051-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE LTD                                                  | ENERGEAN ISRAEL FINANCE LTD 144A LIFE/REG S SR SEC 1ST LIEN 5.875% 03-30-31                     | CUSIP: N/A<br>LEI: 98450044QACBL3F8EB03       | Long             | DBT              | CORP              | IL        |     6445000 | PA      | $6195604.28    | 0.03%             | 2031-03-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| EQUINIX INC                                                                  | EQUINIX INC SR UNSEC 3.4% 02-15-52                                                              | CUSIP: 29444UBT2<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |     4049000 | PA      | $2841187.35    | 0.01%             | 2052-02-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                         | EDISON INTERNATIONAL PRP SUB (H) 5.0% 12-31-79/03-15-27                                         | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    10000000 | PA      | $9499870.00    | 0.05%             | 2079-12-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                         | EDISON INTERNATIONAL SR UNSEC 6.95% 11-15-29                                                    | CUSIP: 281020AW7<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     2042000 | PA      | $2168275.24    | 0.01%             | 2029-11-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                 | ECOPETROL SA SR UNSEC 8.875% 01-13-33                                                           | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    15940000 | PA      | $17288651.52   | 0.08%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                          | ELEVANCE HEALTH INC SR UNSEC 5.125% 02-15-53                                                    | CUSIP: 28622HAC5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |      926000 | PA      | $846439.01     | 0.00%             | 2053-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARECOM INC                                                        | EQUIPMENTSHARE.COM INC 144A LIFE SR SEC 2ND LIEN 9.0% 05-15-28                                  | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     5295000 | PA      | $5609909.54    | 0.03%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                | FORD MOTOR CREDIT CO LLC SR UNSEC 2.7% 08-10-26                                                 | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     7820000 | PA      | $7695810.58    | 0.04%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                | FORD MOTOR CREDIT CO LLC SR UNSEC 2.9% 02-10-29                                                 | CUSIP: 345397B93<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     1994000 | PA      | $1847959.44    | 0.01%             | 2029-02-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                | FORD MOTOR CREDIT CO LLC SR UNSEC 4.95% 05-28-27                                                | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     7775000 | PA      | $7764892.50    | 0.04%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GCAR 2024-2A                                                                 | GCAR 2024-2A E 144A 7.98% 05-15-31                                                              | CUSIP: 37964VAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1170000 | PA      | $1228460.22    | 0.01%             | 2031-05-15      | Fixed         | 7.98%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2024-3A                                                                 | GSAR 2024-3A B 144A 5.64% 08-15-30                                                              | CUSIP: 37989EAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      850000 | PA      | $870921.90     | 0.00%             | 2030-08-15      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2024-3A                                                                 | GSAR 2024-3A C 144A 5.92% 08-15-30                                                              | CUSIP: 37989EAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1033233.00    | 0.01%             | 2030-08-15      | Fixed         | 5.92%                 | Yes           |                  2 | On Loan: No      |
| GMREV 2024-2                                                                 | GMREV 2024-2 A 144A 4.52% 03-11-37                                                              | CUSIP: 379925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    23821000 | PA      | $24149920.37   | 0.12%             | 2037-03-11      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2024-4A                                                                 | GSAR 2024-4A B 144A 4.5% 11-15-30                                                               | CUSIP: 36271BAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      153000 | PA      | $153757.81     | 0.00%             | 2030-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2024-4A                                                                 | GSAR 2024-4A C 144A 4.75% 11-15-30                                                              | CUSIP: 36271BAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       67000 | PA      | $67579.08      | 0.00%             | 2030-11-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2024-4A                                                                 | GSAR 2024-4A D 144A 5.28% 10-15-31                                                              | CUSIP: 36271BAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       75000 | PA      | $76394.55      | 0.00%             | 2031-10-15      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-4A                                                                 | GCAR 2024-4A E 144A 7.51% 08-15-31                                                              | CUSIP: 36270YAN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1005000 | PA      | $1046458.26    | 0.01%             | 2031-08-15      | Fixed         | 7.51%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2025-1A                                                                 | GSAR 2025-1A D 144A 5.74% 04-15-32                                                              | CUSIP: 36271FAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      194000 | PA      | $198209.80     | 0.00%             | 2032-04-15      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2025-1A                                                                 | GSAR 2025-1A C 144A 5.26% 03-15-31                                                              | CUSIP: 36271FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      180000 | PA      | $183310.74     | 0.00%             | 2031-03-15      | Fixed         | 5.26%                 | Yes           |                  2 | On Loan: No      |
| GOST 2024-1A                                                                 | GOST 2024-1A CR CLO 144A FRN 07-20-35                                                           | CUSIP: 381929AS7<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-O            | CORP              | US        |      750000 | PA      | $750885.00     | 0.00%             | 2035-07-20      | Variable      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-3A                                                                 | GCAR 2025-3A D 144A 5.16% 06-16-31                                                              | CUSIP: 37989YAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2430000 | PA      | $2440026.18    | 0.01%             | 2031-06-16      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_21-2                                       | HERTZ 2021-2A A 144A 1.68% 12-27-27                                                             | CUSIP: 42806MAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    10573000 | PA      | $10310853.04   | 0.05%             | 2027-12-27      | Fixed         | 1.68%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_21-2                                       | HERTZ 2021-2A B 144A 2.12% 12-27-27                                                             | CUSIP: 42806MAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3950000 | PA      | $3839486.90    | 0.02%             | 2027-12-27      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| NAVIGATOR AIRCRAFT ABS LTD NAVTR_21-1                                        | NAVTR 2021-1 B 144A 3.571% 11-15-46                                                             | CUSIP: 63943BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     3247325 | PA      | $3102120.66    | 0.02%             | 2046-11-15      | Fixed         | 3.57%                 | Yes           |                  2 | On Loan: No      |
| NAVEL 2025-A                                                                 | NAVEL 2025-A A 144A 5.02% 07-15-55                                                              | CUSIP: 63943EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      503729 | PA      | $509257.23     | 0.00%             | 2055-07-15      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| NAVEL 2025-A                                                                 | NAVEL 2025-A B 144A 5.32% 07-15-55                                                              | CUSIP: 63943EAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      601000 | PA      | $606856.75     | 0.00%             | 2055-07-15      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| NAVEL 2025-A                                                                 | NAVEL 2025-A D 144A 6.03% 07-15-55                                                              | CUSIP: 63943EAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      429000 | PA      | $433152.29     | 0.00%             | 2055-07-15      | Fixed         | 6.03%                 | Yes           |                  2 | On Loan: No      |
| NAVEL 2025-A                                                                 | NAVEL 2025-A C 144A 5.53% 07-15-55                                                              | CUSIP: 63943EAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      572000 | PA      | $577815.52     | 0.00%             | 2055-07-15      | Fixed         | 5.53%                 | Yes           |                  2 | On Loan: No      |
| OPORTUN FUNDING LLC OPTN_21-B                                                | OPTN 2021-B B 144A 1.96% 05-08-31                                                               | CUSIP: 68377GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      796698 | PA      | $781674.95     | 0.00%             | 2031-05-08      | Fixed         | 1.96%                 | Yes           |                  2 | On Loan: No      |
| OPORTUN FUNDING LLC OPTN_21-B                                                | OPTN 2021-B A 144A 1.47% 05-08-31                                                               | CUSIP: 68377GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1048701 | PA      | $1027771.27    | 0.01%             | 2031-05-08      | Fixed         | 1.47%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO LTD OCP_19-16A                                                       | OCP 2019-16A AR CLO 144A FRN 04-10-33                                                           | CUSIP: 67570QAK7<br>LEI: 254900XAI48J82ID5O83 | Long             | ABS-O            | CORP              | US        |     2870924 | PA      | $2873961.86    | 0.01%             | 2033-04-10      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC ONDK_23-1                              | ONDK 2023-1A B 144A 8.25% 08-19-30                                                              | CUSIP: 67108SAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1122000 | PA      | $1138778.39    | 0.01%             | 2030-08-19      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| ORION CLO LTD ANTOR_23-1                                                     | ANTOR 2023-1A D CLO 144A FRN 10-25-36                                                           | CUSIP: 68626CAG9<br>LEI: 2138006D8Y42BDBTP628 | Long             | ABS-O            | CORP              | JE        |     1703000 | PA      | $1704101.84    | 0.01%             | 2036-10-25      | Variable      | 9.47%                 | Yes           |                  2 | On Loan: No      |
| ORION CLO LTD ANTOR_23-1                                                     | ANTOR 2023-1A C CLO 144A FRN 10-25-36                                                           | CUSIP: 68626CAE4<br>LEI: 2138006D8Y42BDBTP628 | Long             | ABS-O            | CORP              | JE        |     1400000 | PA      | $1400512.40    | 0.01%             | 2036-10-25      | Variable      | 7.57%                 | Yes           |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC ONDK_24-2                              | ONDK 2024-2A B 144A 5.42% 10-17-31                                                              | CUSIP: 67108SAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $100294.70     | 0.00%             | 2031-10-17      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC ONDK_24-2                              | ONDK 2024-2A C 144A 7.03% 10-17-31                                                              | CUSIP: 67108SAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      283000 | PA      | $284052.48     | 0.00%             | 2031-10-17      | Fixed         | 7.03%                 | Yes           |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC ONDK_24-2                              | ONDK 2024-2A A 144A 4.98% 10-17-31                                                              | CUSIP: 67108SAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      427000 | PA      | $428438.56     | 0.00%             | 2031-10-17      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| OWLEF 2024-1A                                                                | OWLEF 2024-1A C 144A 6.38% 01-15-31                                                             | CUSIP: 095921AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $102131.10     | 0.00%             | 2031-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| OCTR 2021-11A                                                                | OCTR 2021-11A DR CLO 144A FRN 07-20-34                                                          | CUSIP: 67514VAS8<br>LEI: 549300E51CF32RJNO651 | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $998000.00     | 0.00%             | 2034-07-20      | Variable      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| ONDK 2025-1A                                                                 | ONDK 2025-1A B 144A 5.52% 04-19-32                                                              | CUSIP: 68237DAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      146000 | PA      | $146934.55     | 0.00%             | 2032-04-19      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| ONDK 2025-1A                                                                 | ONDK 2025-1A A 144A 5.08% 04-19-32                                                              | CUSIP: 68237DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      296000 | PA      | $297073.59     | 0.00%             | 2032-04-19      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| PRDGY 2021-1A                                                                | PRDGY 2021-1A A 144A FRN 07-25-51                                                               | CUSIP: 742855AA7<br>LEI: 635400HTAZNW3LYYMQ40 | Long             | ABS-O            | CORP              | US        |      378302 | PA      | $378312.66     | 0.00%             | 2051-07-25      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| PARK AVENUE INSTITUTIONAL ADVISERS PAIA_17-1A                                | PAIA 2017-1A A2R CLO 144A FRN 02-14-34                                                          | CUSIP: 70017KAN9<br>LEI: 549300ZWX1MRCB6KO574 | Long             | ABS-O            | CORP              | KY        |     1000000 | PA      | $1000000.00    | 0.00%             | 2034-02-14      | Variable      | 6.04%                 | Yes           |                  2 | On Loan: No      |
| ABBVIE INC                                                                   | ABBVIE INC SR UNSEC 3.2% 11-21-29                                                               | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     1207000 | PA      | $1164796.04    | 0.01%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC/ALLIED UNIVERSAL FINANCE CORP/ATLAS LUXCO 4 SARL | ALLIED UNIVERSAL HOLDCO LLC 144A LIFE SR SEC 1ST LIEN 4.625% 06-01-28                           | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1530000 | PA      | $1500988.14    | 0.01%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA                                                     | AI CANDELARIA -SPAIN- SA 144A LIFE SR SEC 1ST LIEN SF 5.75% 06-15-33                            | CUSIP: 00870WAA4<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |     2990000 | PA      | $2719614.30    | 0.01%             | 2033-06-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                                              | ADAPTHEALTH LLC 144A LIFE SR UNSEC 5.125% 03-01-30                                              | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     6865000 | PA      | $6553143.65    | 0.03%             | 2030-03-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC                                                                     | AT&T INC SR UNSEC 3.55% 09-15-55                                                                | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     2078000 | PA      | $1433115.56    | 0.01%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| AES CORP (THE)                                                               | AES CORP SR UNSEC 2.45% 01-15-31                                                                | CUSIP: 00130HCG8<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |     6949000 | PA      | $6226019.09    | 0.03%             | 2031-01-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                     | AT&T INC SR UNSEC 3.5% 09-15-53                                                                 | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    22215000 | PA      | $15378022.74   | 0.07%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                                                           | ANALOG DEVICES INC SR UNSEC 2.1% 10-01-31                                                       | CUSIP: 032654AV7<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    12879000 | PA      | $11391578.53   | 0.06%             | 2031-10-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER                                                                | ALABAMA POWER CO SR UNSEC 3.0% 03-15-52                                                         | CUSIP: 010392FW3<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |      964000 | PA      | $639609.18     | 0.00%             | 2052-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                    | AMGEN INC SR UNSEC 3.0% 02-22-29                                                                | CUSIP: 031162DD9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |      600000 | PA      | $577931.40     | 0.00%             | 2029-02-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE LLC                                                   | ALLIANT ENERGY FINANCE LLC 144A LIFE SR UNSEC 3.6% 03-01-32                                     | CUSIP: 01882YAD8<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |     6800000 | PA      | $6294685.20    | 0.03%             | 2032-03-01      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                                       | ADVANCE AUTO PARTS INC SR UNSEC 3.5% 03-15-32                                                   | CUSIP: 00751YAG1<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     2463000 | PA      | $2155740.75    | 0.01%             | 2032-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALFA DESARROLLO SPA                                                          | ALFA DESARROLLO SPA 144A LIFE SR SEC 1ST LIEN SF 4.55% 09-27-51                                 | CUSIP: 01538TAA3<br>LEI: 2549006BJAN34R520038 | Long             | DBT              | CORP              | CL        |     2400173 | PA      | $1922838.72    | 0.01%             | 2051-09-27      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| AMGEN INC                                                                    | AMGEN INC SR UNSEC 4.05% 08-18-29                                                               | CUSIP: 031162DH0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    16075000 | PA      | $16017355.05   | 0.08%             | 2029-08-18      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                    | AMGEN INC SR UNSEC 4.2% 03-01-33                                                                | CUSIP: 031162DJ6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    14000000 | PA      | $13620698.00   | 0.07%             | 2033-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CMXS 2025-B                                                                  | CMXS 2025-B B 4.35% 07-15-30                                                                    | CUSIP: 14320BAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1715000 | PA      | $1713086.06    | 0.01%             | 2030-07-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CMXS 2025-B                                                                  | CMXS 2025-B A2 4.19% 03-15-29                                                                   | CUSIP: 14320BAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1715000 | PA      | $1715956.97    | 0.01%             | 2029-03-15      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| CLI FUNDING LLC CLIF_20-1                                                    | CLIF 2020-1A B 144A 3.62% 09-18-45                                                              | CUSIP: 12563LAP2<br>LEI: 549300NQLBWJD5AREU05 | Long             | ABS-O            | CORP              | US        |      981886 | PA      | $934547.07     | 0.00%             | 2045-09-18      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| CLI FUNDING LLC CLIF_20-2                                                    | CLIF 2020-2A B 144A 3.56% 09-15-45                                                              | CUSIP: 12563LAR8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      522667 | PA      | $497088.10     | 0.00%             | 2045-09-15      | Fixed         | 3.56%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST DTAOT_23-1                                               | DTAOT 2023-1A D 144A 6.44% 11-15-28                                                             | CUSIP: 23346KAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1125000 | PA      | $1143961.88    | 0.01%             | 2028-11-15      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST DTAOT_23-1                                               | DTAOT 2023-1A C 144A 5.55% 10-16-28                                                             | CUSIP: 23346KAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      271671 | PA      | $272446.10     | 0.00%             | 2028-10-16      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| DRYDEN CLO LTD DRSLF_20-98                                                   | DRSLF 2022-98A D CLO 144A FRN 04-20-35                                                          | CUSIP: 26248AAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      300000 | PA      | $299196.90     | 0.00%             | 2035-04-20      | Variable      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST DTAOT_23-3                                               | DTAOT 2023-3A C 144A 6.4% 05-15-29                                                              | CUSIP: 23345WAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      524000 | PA      | $530879.07     | 0.00%             | 2029-05-15      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST DTAOT_23-3                                               | DTAOT 2023-3A D 144A 7.12% 05-15-29                                                             | CUSIP: 23345WAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      541000 | PA      | $561325.91     | 0.00%             | 2029-05-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| DIAMETER CAPITAL CLO DCLO_23-5                                               | DCLO 2023-5A A1 CLO 144A FRN 10-15-36                                                           | CUSIP: 25255RAA7<br>LEI: 254900DQ6NEBLANVO137 | Long             | ABS-O            | CORP              | KY        |     1667000 | PA      | $1667353.40    | 0.01%             | 2036-10-15      | Variable      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| DIAMETER CAPITAL CLO DCLO_23-5                                               | DCLO 2023-5A A2 CLO 144A FRN 10-15-36                                                           | CUSIP: 25255RAC3<br>LEI: 254900DQ6NEBLANVO137 | Long             | ABS-O            | CORP              | KY        |     1714000 | PA      | $1714474.78    | 0.01%             | 2036-10-15      | Variable      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| DRIVE 2024-1                                                                 | DRIVE 2024-1 B 5.31% 01-16-29                                                                   | CUSIP: 26208WAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5477000 | PA      | $5505370.86    | 0.03%             | 2029-01-16      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| DRIVE 2024-1                                                                 | DRIVE 2024-1 C 5.43% 11-17-31                                                                   | CUSIP: 26208WAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      703000 | PA      | $712598.06     | 0.00%             | 2031-11-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| DRIVE 2024-1                                                                 | DRIVE 2024-1 A3 5.35% 02-15-28                                                                  | CUSIP: 26208WAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1821605 | PA      | $1822761.62    | 0.01%             | 2028-02-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS RETAIL TRUST DTRT_24-1                                        | DTRT 2024-1 A3 5.49% 12-15-27                                                                   | CUSIP: 233874AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    15084797 | PA      | $15227197.10   | 0.07%             | 2027-12-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| DRIVE 2024-2                                                                 | DRIVE 2024-2 C 4.67% 05-17-32                                                                   | CUSIP: 26207AAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      464000 | PA      | $466161.78     | 0.00%             | 2032-05-17      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| DRIVE 2024-2                                                                 | DRIVE 2024-2 B 4.52% 07-16-29                                                                   | CUSIP: 26207AAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      474000 | PA      | $475732.47     | 0.00%             | 2029-07-16      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| DRIVE 2024-2                                                                 | DRIVE 2024-2 D 4.94% 05-17-32                                                                   | CUSIP: 26207AAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1065000 | PA      | $1070203.59    | 0.01%             | 2032-05-17      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-1                                                                 | DRIVE 2025-1 D 5.41% 09-15-32                                                                   | CUSIP: 262102AF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      845000 | PA      | $856464.96     | 0.00%             | 2032-09-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-1                                                                 | DRIVE 2025-1 C 4.99% 09-15-32                                                                   | CUSIP: 262102AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      273000 | PA      | $275906.36     | 0.00%             | 2032-09-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-2                                                                 | DRIVE 2025-2 D 4.9% 12-15-32                                                                    | CUSIP: 262103AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1991000 | PA      | $1991895.95    | 0.01%             | 2032-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-2                                                                 | DRIVE 2025-2 A3 4.14% 09-15-32                                                                  | CUSIP: 262103AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      750000 | PA      | $750327.75     | 0.00%             | 2032-09-15      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-2                                                                 | DRIVE 2025-2 C 4.39% 09-15-32                                                                   | CUSIP: 262103AF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1159000 | PA      | $1157502.57    | 0.01%             | 2032-09-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| EART 2024-2A                                                                 | EART 2024-2A C 5.74% 05-15-29                                                                   | CUSIP: 30166DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1360000 | PA      | $1376295.52    | 0.01%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| EART 2024-2A                                                                 | EART 2024-2A E 144A 7.98% 10-15-31                                                              | CUSIP: 30166DAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1154000 | PA      | $1213709.11    | 0.01%             | 2031-10-15      | Fixed         | 7.98%                 | Yes           |                  2 | On Loan: No      |
| EART 2024-4A                                                                 | EART 2024-4A D 5.81% 12-16-30                                                                   | CUSIP: 30166UAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5589000 | PA      | $5693754.63    | 0.03%             | 2030-12-16      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| GCI FUNDING I LLC GCI_21-1                                                   | GCI 2021-1 A 144A 2.38% 06-18-46                                                                | CUSIP: 36166VAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3152484 | PA      | $2928477.50    | 0.01%             | 2046-06-18      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| GCI FUNDING I LLC GCI_21-1                                                   | GCI 2021-1 B 144A 3.04% 06-18-46                                                                | CUSIP: 36166VAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      179294 | PA      | $164708.27     | 0.00%             | 2046-06-18      | Fixed         | 3.04%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST GCAR_23-3A                                        | GCAR 2023-3A B 144A 5.89% 01-18-28                                                              | CUSIP: 36267PAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      526015 | PA      | $527294.76     | 0.00%             | 2028-01-18      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST GCAR_23-3A                                        | GCAR 2023-3A C 144A 6.01% 05-15-29                                                              | CUSIP: 36267PAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      122000 | PA      | $123104.34     | 0.00%             | 2029-05-15      | Fixed         | 6.01%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST GCAR_23-3A                                        | GCAR 2023-3A D 144A 6.44% 05-15-29                                                              | CUSIP: 36267PAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      110000 | PA      | $112572.57     | 0.00%             | 2029-05-15      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES TRUST GCAR_23-3A                                        | GCAR 2023-3A E 144A 9.27% 08-15-30                                                              | CUSIP: 36267PAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1900000 | PA      | $2051982.90    | 0.01%             | 2030-08-15      | Fixed         | 9.27%                 | Yes           |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST GCAR_23-4                                  | GCAR 2023-4A E 144A 9.72% 08-15-30                                                              | CUSIP: 362929AG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1430000 | PA      | $1568002.15    | 0.01%             | 2030-08-15      | Fixed         | 9.72%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-1A                                                                 | GCAR 2024-1A D 144A 5.95% 12-17-29                                                              | CUSIP: 36269HAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      610000 | PA      | $624999.90     | 0.00%             | 2029-12-17      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-1A                                                                 | GCAR 2024-1A C 144A 5.64% 12-17-29                                                              | CUSIP: 36269HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      633000 | PA      | $642757.70     | 0.00%             | 2029-12-17      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                             | BAT CAPITAL CORP SR UNSEC 5.65% 03-16-52                                                        | CUSIP: 05526DBV6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     4750000 | PA      | $4548424.25    | 0.02%             | 2052-03-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                     | BAXTER INTERNATIONAL INC SR UNSEC 2.539% 02-01-32                                               | CUSIP: 071813CS6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |     5260000 | PA      | $4612820.12    | 0.02%             | 2032-02-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                     | BAXTER INTERNATIONAL INC SR UNSEC 3.132% 12-01-51                                               | CUSIP: 071813CV9<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    12537000 | PA      | $8007845.77    | 0.04%             | 2051-12-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                            | CISCO SYSTEMS INC SR UNSEC 5.05% 02-26-34                                                       | CUSIP: 17275RBT8<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    28839000 | PA      | $29842712.56   | 0.15%             | 2034-02-26      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                            | CISCO SYSTEMS INC SR UNSEC 5.3% 02-26-54                                                        | CUSIP: 17275RBU5<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |     2050000 | PA      | $2025014.60    | 0.01%             | 2054-02-26      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                                          | CARRIER GLOBAL CORP SR UNSEC 5.9% 03-15-34                                                      | CUSIP: 14448CBC7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |     9677000 | PA      | $10389507.83   | 0.05%             | 2034-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS LP                                                  | CHENIERE ENERGY PARTNERS LP SR UNSEC 5.95% 06-30-33                                             | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    13898000 | PA      | $14718718.59   | 0.07%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                                       | CHUBB INA HOLDINGS LLC SR UNSEC 5.0% 03-15-34                                                   | CUSIP: 171239AK2<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    28980000 | PA      | $29729335.86   | 0.14%             | 2034-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                         | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 7.0% 03-15-32                                           | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    10000000 | PA      | $10112150.00   | 0.05%             | 2032-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE LLC                                                  | CRESCENT ENERGY FINANCE LLC 144A LIFE SR UNSEC 7.625% 04-01-32                                  | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     4503000 | PA      | $4474982.33    | 0.02%             | 2032-04-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED EDISON COMPANY OF NEW YORK INC                                  | CONSOLIDATED EDISON CO OF NEW YORK INC SR UNSEC 5.375% 05-15-34                                 | CUSIP: 209111GH0<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |     2573000 | PA      | $2684042.96    | 0.01%             | 2034-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO                                                                 | COCA-COLA CO SR UNSEC 5.3% 05-13-54                                                             | CUSIP: 191216DS6<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |      533000 | PA      | $531121.18     | 0.00%             | 2054-05-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY LLC                                                     | COUGAR JV SUBSIDIARY LLC 144A LIFE SR UNSEC 8.0% 05-15-32                                       | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1635000 | PA      | $1740683.13    | 0.01%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                              | CVS HEALTH CORP SR UNSEC 5.7% 06-01-34                                                          | CUSIP: 126650ED8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     4891000 | PA      | $5106194.22    | 0.02%             | 2034-06-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                              | CVS HEALTH CORP SR UNSEC 6.0% 06-01-44                                                          | CUSIP: 126650EE6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    25017000 | PA      | $25395607.28   | 0.12%             | 2044-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                              | CVS HEALTH CORP SR UNSEC 6.05% 06-01-54                                                         | CUSIP: 126650EF3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    27917000 | PA      | $28258173.66   | 0.14%             | 2054-06-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                     | CLOUD SOFTWARE GROUP INC 144A LIFE SR SEC 1ST LIEN 8.25% 06-30-32                               | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    10000000 | PA      | $10618580.00   | 0.05%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| COMCAST CORP                                                                 | COMCAST CORP SR UNSEC 5.65% 06-01-54                                                            | CUSIP: 20030NEK3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     7188000 | PA      | $7059291.67    | 0.03%             | 2054-06-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                                          | NOVA CHEMICALS CORP 144A LIFE SR UNSEC 9.0% 02-15-30                                            | CUSIP: 66977WAU3<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     6005000 | PA      | $6445736.98    | 0.03%             | 2030-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                                          | NOVA CHEMICALS CORP 144A LIFE SR UNSEC 4.25% 05-15-29                                           | CUSIP: 66977WAS8<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    10000000 | PA      | $9685900.00    | 0.05%             | 2029-05-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                          | PETROLEOS MEXICANOS SR UNSEC SF 6.7% 02-16-32                                                   | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    11544000 | PA      | $11447353.63   | 0.06%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                          | PETROLEOS MEXICANOS SR UNSEC 6.35% 02-12-48                                                     | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      233000 | PA      | $185184.21     | 0.00%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                          | PETROLEOS MEXICANOS SR UNSEC 10.0% 02-07-33                                                     | CUSIP: 71654QDP4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     6870000 | PA      | $7976928.75    | 0.04%             | 2033-02-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                          | PETROLEOS MEXICANOS SR UNSEC 5.35% 02-12-28                                                     | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    15000000 | PA      | $14946720.00   | 0.07%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                          | PETROLEOS MEXICANOS SR UNSEC 7.69% 01-23-50                                                     | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     1481000 | PA      | $1347474.52    | 0.01%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                          | PETROLEOS MEXICANOS SR UNSEC 6.95% 01-28-60                                                     | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     1657000 | PA      | $1363934.70    | 0.01%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                                         | SAUDI ARABIAN OIL CO 144A LIFE SR UNSEC 5.75% 07-17-54                                          | CUSIP: 80414L2P9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    17670000 | PA      | $17600645.25   | 0.09%             | 2054-07-17      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                              | PANAMA GOVERNMENT INTERNATIONAL BOND 6.4% 02-14-35                                              | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     8595000 | PA      | $8897544.00    | 0.04%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                     | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 8.5% 01-31-47                                         | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |     1170000 | PA      | $1034704.71    | 0.01%             | 2047-01-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                     | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 7.903% 02-21-48                                       | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |      605000 | PA      | $504139.24     | 0.00%             | 2048-02-21      | Fixed         | 7.90%                 | Yes           |                  2 | On Loan: No      |
| ARGENTINA REPUBLIC OF GOVERNMENT                                             | ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND SF 1.0% 07-09-29                               | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      128558 | PA      | $93757.06      | 0.00%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                                   | BRAZIL NOTAS DO TESOURO NACIONAL SERIE B BRL I/L 6.0% 08-15-50                                  | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |     1115603 | PA      | $181240686.55  | 0.88%             | 2050-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                                   | BRAZIL NOTAS DO TESOURO NACIONAL SERIE B BRL (B) I/L 6.0% 08-15-40                              | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |       60575 | PA      | $10084540.29   | 0.05%             | 2040-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                                   | BRAZIL NOTAS DO TESOURO NACIONAL SERIE B BRL I/L 6.0% 08-15-60                                  | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |       60575 | PA      | $9680503.98    | 0.05%             | 2060-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                       | COLOMBIA GOVERNMENT INTERNATIONAL BOND 7.5% 02-02-34                                            | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     6591000 | PA      | $6941970.75    | 0.03%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                     | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 8.7002% 03-01-49                                      | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |     1840000 | PA      | $1640961.68    | 0.01%             | 2049-03-01      | Fixed         | 8.70%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                     | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 7.6003% 03-01-29                                      | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |      695000 | PA      | $721903.45     | 0.00%             | 2029-03-01      | Fixed         | 7.60%                 | Yes           |                  2 | On Loan: No      |
| COCA-COLA CONSOLIDATED INC                                                   | COCA-COLA CONSOLIDATED INC SR UNSEC 5.45% 06-01-34                                              | CUSIP: 191098AP7<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | DBT              | CORP              | US        |     5375000 | PA      | $5628339.88    | 0.03%             | 2034-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE LLC                                                  | CRESCENT ENERGY FINANCE LLC 144A LIFE SR UNSEC 7.375% 01-15-33                                  | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     5740000 | PA      | $5593429.10    | 0.03%             | 2033-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                     | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 8.15% 11-20-59                                        | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |    14000000 | PA      | $11732308.00   | 0.06%             | 2059-11-20      | Fixed         | 8.15%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                     | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 7.5% 02-16-61                                         | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |      920000 | PA      | $722487.04     | 0.00%             | 2061-02-16      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS PAYFIX USD 3.528% 01-29-25/01-29-30 LCH                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-1259331.04   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS RECFIX USD 3.4615% 01-29-25/01-29-27 LCH                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-1057118.20   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                     | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 5.875% 02-16-31                                       | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |     3325000 | PA      | $3101589.93    | 0.02%             | 2031-02-16      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                     | EGYPT GOVERNMENT INTERNATIONAL BOND REG S 5.8% 09-30-27                                         | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |     2110000 | PA      | $2105938.25    | 0.01%             | 2027-09-30      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| COCA-COLA CO                                                                 | COCA-COLA CO SR UNSEC 4.65% 08-14-34                                                            | CUSIP: 191216DY3<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |      757000 | PA      | $770993.15     | 0.00%             | 2034-08-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO                                                                 | COCA-COLA CO SR UNSEC 5.2% 01-14-55                                                             | CUSIP: 191216DZ0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |     5751000 | PA      | $5638021.61    | 0.03%             | 2055-01-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GABON REPUBLIC OF (GOVERNMENT)                                               | GABON GOVERNMENT INTERNATIONAL BOND 144A LIFE SF 7.0% 11-24-31                                  | CUSIP: 362420AE1<br>LEI: 213800XA7X746GRPXA35 | Long             | DBT              | NUSS              | GA        |    10000000 | PA      | $8039370.00    | 0.04%             | 2031-11-24      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| INDIA (REPUBLIC OF)                                                          | INDIA GOVERNMENT BOND INR 7.61% 05-09-30                                                        | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |   367000000 | PA      | $4345132.02    | 0.02%             | 2030-05-09      | Fixed         | 7.61%                 | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | FSWP: OIS RECFIX USD 3.481% 01-29-25/01-29-27 LCH                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-393327.55    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS PAYFIX EUR 2.3327% 05-19-25/05-19-30 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $88204.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ONE MARKET PLAZA TRUST OMPT_17-1MKT                                          | OMPT 2017-1MKT B 144A 3.8453% 02-10-32                                                          | CUSIP: 68245HAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1000000 | PA      | $964411.00     | 0.00%             | 2032-02-10      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM1                                                                | OBX 2025-NQM1 A1 144A 5.547% 12-25-64                                                           | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-CBDO         | CORP              | US        |    13308387 | PA      | $13430131.76   | 0.07%             | 2064-12-25      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| CONNECT FINCO SARL / CONNECT US FINCO LLC                                    | CONNECT FINCO SARL 144A LIFE SR SEC 1ST LIEN 9.0% 09-15-29                                      | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    20665000 | PA      | $21753115.58   | 0.11%             | 2029-09-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN NATIONAL RAILWAY CO                                                 | CANADIAN NATIONAL RAILWAY CO SR UNSEC 4.375% 09-18-34                                           | CUSIP: 136375DR0<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | DBT              | CORP              | CA        |     1579000 | PA      | $1545060.97    | 0.01%             | 2034-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM8                                                                | OBX 2025-NQM8 A1 144A 5.472% 03-25-65                                                           | CUSIP: 67449AAA3<br>LEI: 2549006UJL1L84XG2C80 | Long             | ABS-CBDO         | CORP              | US        |     7607084 | PA      | $7677731.48    | 0.04%             | 2065-03-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| PRKCM_21-AFC2 TRUST                                                          | PRKCM 2021-AFC2 A1 144A FRN 11-25-56                                                            | CUSIP: 69361JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3170783 | PA      | $2830620.99    | 0.01%             | 2056-11-25      | Variable      | 2.07%                 | Yes           |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS RECFIX NOK 4.0485% 05-19-25/05-19-30 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-194132.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS RECFIX EUR 2.2308% 06-26-25/06-26-30 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-1346033.25   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_24-SFR1                                      | PROG 2024-SFR1 E1 144A 3.85% 02-17-41                                                           | CUSIP: 74331QAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1414000 | PA      | $1338589.97    | 0.01%             | 2041-02-17      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_24-SFR1                                      | PROG 2024-SFR1 E2 144A 3.85% 02-17-41                                                           | CUSIP: 74331QAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1698000 | PA      | $1592982.10    | 0.01%             | 2041-02-17      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS PAYFIX NOK 3.83% 06-26-25/06-26-30 LCH                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $2448383.54    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS RECFIX EUR 1.988% 06-27-25/06-27-27 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-3541269.18   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| PROG 2024-SFR2                                                               | PROG 2024-SFR2 E1 144A FRN 04-17-41                                                             | CUSIP: 74290XAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1073000 | PA      | $996094.87     | 0.00%             | 2041-04-17      | Variable      | 3.40%                 | Yes           |                  2 | On Loan: No      |
| PROG 2024-SFR2                                                               | PROG 2024-SFR2 E2 144A FRN 04-17-41                                                             | CUSIP: 74290XAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      449000 | PA      | $416539.55     | 0.00%             | 2041-04-17      | Variable      | 3.65%                 | Yes           |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS PAYFIX PLN 4.1575% 09-09-25/09-09-27 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-1045561.47   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | IRS RECFIX CZK 3.5325% 09-09-25/09-09-27 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-2167720.14   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PROG 2024-SFR3                                                               | PROG 2024-SFR3 A 144A 3.0% 06-17-41                                                             | CUSIP: 74331VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    12047021 | PA      | $11481208.64   | 0.06%             | 2041-06-17      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| PROG 2024-SFR3                                                               | PROG 2024-SFR3 E2 144A 4.0% 06-17-41                                                            | CUSIP: 74331VAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      711000 | PA      | $666313.65     | 0.00%             | 2041-06-17      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELECTRICIDAD CFE                                         | COMISION FEDERAL DE ELECTRICIDAD 144A LIFE SR UNSEC 6.45% 01-24-35                              | CUSIP: 200447AP5<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     7755000 | PA      | $7913892.20    | 0.04%             | 2035-01-24      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| CAMPBELL'S COMPANY/THE                                                       | CAMPBELL'S COMPANY SR UNSEC 4.75% 03-23-35                                                      | CUSIP: 134429BQ1<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |     6083000 | PA      | $5902298.40    | 0.03%             | 2035-03-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PROG 2024-SFR3                                                               | PROG 2024-SFR3 E1 144A 4.0% 06-17-41                                                            | CUSIP: 74331VAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2074000 | PA      | $1959643.79    | 0.01%             | 2041-06-17      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PMTLT 2024-INV1                                                              | PMTLT 2024-INV1 A2 144A FRN 10-25-59                                                            | CUSIP: 73015BAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     4731211 | PA      | $4817820.36    | 0.02%             | 2059-10-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 2.438% 01-11-19/01-11-29 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $1157679.60    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 0.6193% 04-06-20/04-06-50 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $6540975.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PROG 2025-SFR2                                                               | PROG 2025-SFR2 D 144A 3.555% 04-17-42                                                           | CUSIP: 74334GAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      997861 | PA      | $927558.51     | 0.00%             | 2042-04-17      | Fixed         | 3.56%                 | Yes           |                  2 | On Loan: No      |
| PROG 2025-SFR3                                                               | PROG 2025-SFR3 A 144A 3.39% 07-17-42                                                            | CUSIP: 74334BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1246000 | PA      | $1181477.14    | 0.01%             | 2042-07-17      | Fixed         | 3.39%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                     | CLOUD SOFTWARE GROUP INC 144A LIFE SR SEC 1ST LIEN 6.625% 08-15-33                              | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     5700000 | PA      | $5808237.30    | 0.03%             | 2033-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                              | CVS HEALTH CORP SR UNSEC 5.45% 09-15-35                                                         | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    33121000 | PA      | $33719297.74   | 0.16%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-RPL3                                                               | PRPM 2025-RPL3 A1 144A 3.25% 04-25-55                                                           | CUSIP: 69392NAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     8781996 | PA      | $8473598.89    | 0.04%             | 2055-04-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| ROCC TRUST ROCC_24-CNTR                                                      | ROCC 2024-CNTR A 144A 5.38834% 11-13-41                                                         | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      121077 | PA      | $124850.97     | 0.00%             | 2041-11-13      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 0.60602% 04-06-20/04-06-50 LCH                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3023087.60    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 0.616917% 04-06-20/04-06-50 LCH                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $2701406.76    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| STACR 2015-DNA3                                                              | STACR 2015-DNA3 M3 FRN 04-25-28                                                                 | CUSIP: 3137G0GW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      835538 | PA      | $837940.47     | 0.00%             | 2028-04-25      | Variable      | 9.17%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_20-DNA5                                  | STACR 2020-DNA5 M2 144A FRN 10-25-50                                                            | CUSIP: 35566AAH2<br>LEI: 5493000ITF7RKPWPZQ19 | Long             | ABS-CBDO         | CORP              | US        |      212240 | PA      | $212830.42     | 0.00%             | 2050-10-25      | Variable      | 7.14%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                              | CVS HEALTH CORP SR UNSEC 5.0% 09-15-32                                                          | CUSIP: 126650EJ5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     4215000 | PA      | $4268248.10    | 0.02%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                                 | CENTENE CORP SR UNSEC 2.45% 07-15-28                                                            | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    24165000 | PA      | $22474247.45   | 0.11%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 0.666% 11-19-20/11-19-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $19308344.22   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX JPY -0.01246731% 10-01-21/10-01-26 LCH                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $76748.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SGL_21-OVA                                                                   | SLG 2021-OVA A 144A 2.5854% 07-15-41                                                            | CUSIP: 78449RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    21061000 | PA      | $18744353.18   | 0.09%             | 2041-07-15      | Fixed         | 2.59%                 | Yes           |                  2 | On Loan: No      |
| SREIT TRUST SREIT_21-MFP                                                     | SREIT 2021-MFP C 144A FRN 11-15-38                                                              | CUSIP: 78472UAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3482870 | PA      | $3481044.89    | 0.02%             | 2038-11-15      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                | CARNIVAL CORP 144A LIFE SR SEC 1ST LIEN 4.0% 08-01-28                                           | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    11000000 | PA      | $10849861.00   | 0.05%             | 2028-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORP                                                                 | CENTENE CORP SR UNSEC 2.625% 08-01-31                                                           | CUSIP: 15135BAZ4<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     8805000 | PA      | $7569702.53    | 0.04%             | 2031-08-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.01413% 01-12-23/01-12-53 LCH                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $9361072.93    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.02% 01-12-23/01-12-53 LCH                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $18601310.50   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                             | CCO HOLDINGS LLC 144A SR UNSEC 4.25% 01-15-34                                                   | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     8725000 | PA      | $7548765.30    | 0.04%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                                          | COINBASE GLOBAL INC 144A LIFE SR UNSEC 3.375% 10-01-28                                          | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    11300000 | PA      | $10733960.40   | 0.05%             | 2028-10-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                                          | COINBASE GLOBAL INC 144A LIFE SR UNSEC 3.625% 10-01-31                                          | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    21900000 | PA      | $19560642.00   | 0.10%             | 2031-10-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                | CARNIVAL CORP 144A LIFE SR UNSEC 6.0% 05-01-29                                                  | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    14555000 | PA      | $14781563.13   | 0.07%             | 2029-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | CITIGROUP INC SR UNSEC 2.52% 11-03-32/31                                                        | CUSIP: 172967NE7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    15254000 | PA      | $13555024.73   | 0.07%             | 2032-11-03      | Variable      | 2.52%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIED HOLDINGS LLC                                       | COMPASS GROUP DIVERSIFIED HOLDINGS LLC 144A LIFE SR UNSEC 5.0% 01-15-32                         | CUSIP: 20451RAC6<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |     5189250 | PA      | $4653641.56    | 0.02%             | 2032-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY CO                                                  | CANADIAN PACIFIC RAILWAY CO SR UNSEC 3.0% 12-02-41                                              | CUSIP: 13645RBG8<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |     4184000 | PA      | $3138062.76    | 0.02%             | 2041-12-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY CO                                                  | CANADIAN PACIFIC RAILWAY CO SR UNSEC 3.1% 12-02-51                                              | CUSIP: 13645RBH6<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    12081000 | PA      | $8191123.38    | 0.04%             | 2051-12-02      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS LP                                                  | CHENIERE ENERGY PARTNERS LP SR UNSEC 4.0% 03-01-31                                              | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |     4438000 | PA      | $4281311.97    | 0.02%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                             | CCO HOLDINGS LLC 144A SR UNSEC 4.75% 02-01-32                                                   | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    20000000 | PA      | $18512340.00   | 0.09%             | 2032-02-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | CITIGROUP INC SR UNSEC 3.057% 01-25-33/32                                                       | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     8085000 | PA      | $7363324.82    | 0.04%             | 2033-01-25      | Variable      | 3.06%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                         | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 5.25% 04-01-53                             | CUSIP: 161175CK8<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    12946000 | PA      | $10824823.79   | 0.05%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                     | CONSTELLATION BRANDS INC SR UNSEC 4.75% 05-09-32                                                | CUSIP: 21036PBL1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     6096000 | PA      | $6132484.56    | 0.03%             | 2032-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                     | CONSTELLATION BRANDS INC SR UNSEC 4.35% 05-09-27                                                | CUSIP: 21036PBK3<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    11513000 | PA      | $11551706.71   | 0.06%             | 2027-05-09      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                     | CELANESE US HOLDINGS LLC SR UNSEC 6.879% 07-15-32                                               | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     6000000 | PA      | $6135156.00    | 0.03%             | 2032-07-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                           | CNX RESOURCES CORP 144A LIFE SR UNSEC 7.375% 01-15-31                                           | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     2853000 | PA      | $2943534.25    | 0.01%             | 2031-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARECOM INC                                                        | EQUIPMENTSHARE.COM INC 144A LIFE SR SEC 1ST LIEN 8.0% 03-15-33                                  | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     7000000 | PA      | $7487529.00    | 0.04%             | 2033-03-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| EUROBANK SA                                                                  | EUROBANK SA EUR REG S SR UNSEC (B) 4.0% 09-24-30/29                                             | CUSIP: N/A<br>LEI: 213800KGF4EFNUQKAT69       | Long             | DBT              | CORP              | GR        |      778000 | PA      | $943138.77     | 0.00%             | 2030-09-24      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                 | ECOPETROL SA SR UNSEC 7.75% 02-01-32                                                            | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    25000000 | PA      | $25885950.00   | 0.13%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                                | ECHOSTAR CORP SR SEC 1ST LIEN 10.75% 11-30-29                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    22030086 | PA      | $24254023.18   | 0.12%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                         | EDISON INTERNATIONAL SR UNSEC 5.25% 11-15-28                                                    | CUSIP: 281020AY3<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |      468000 | PA      | $471860.53     | 0.00%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                              | PERMIAN RESOURCES OPERATING LLC 144A LIFE SR UNSEC 9.875% 07-15-31                              | CUSIP: 27034RAC7<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     4711000 | PA      | $5127984.74    | 0.03%             | 2031-07-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                         | EDISON INTERNATIONAL SUB (H) 7.875% 06-15-54/29                                                 | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     9390000 | PA      | $9581490.27    | 0.05%             | 2054-06-15      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                 | ECOPETROL SA SR UNSEC 8.375% 01-19-36                                                           | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    17425000 | PA      | $18007134.40   | 0.09%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLDINGS LLC                                                | FREEDOM MORTGAGE HOLDINGS LLC 144A LIFE SR UNSEC 9.25% 02-01-29                                 | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     2400000 | PA      | $2527046.40    | 0.01%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                   | FIRST QUANTUM MINERALS LTD 144A LIFE SR SEC 2ND LIEN 9.375% 03-01-29                            | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    11200000 | PA      | $11884040.00   | 0.06%             | 2029-03-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                | FORD MOTOR CREDIT CO LLC SR UNSEC 6.125% 03-08-34                                               | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    13631000 | PA      | $13704075.79   | 0.07%             | 2034-03-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                | FORD MOTOR CREDIT CO LLC SR UNSEC 5.85% 05-17-27                                                | CUSIP: 345397E74<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    20000000 | PA      | $20254560.00   | 0.10%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                | FORD MOTOR CREDIT CO LLC SR UNSEC 6.054% 11-05-31                                               | CUSIP: 345397G31<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    11239000 | PA      | $11491191.92   | 0.06%             | 2031-11-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                | FORD MOTOR CREDIT CO LLC SR UNSEC 6.5% 02-07-35                                                 | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    21000000 | PA      | $21585585.00   | 0.11%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FIDEICOMISO FIBRA UNO                                                        | TRUST FIBRA UNO 144A LIFE SR UNSEC 7.7% 01-23-32                                                | CUSIP: 89834JAB9<br>LEI: 54930011BLQ0JPRBAL73 | Long             | DBT              | CORP              | MX        |     1831000 | PA      | $1980114.81    | 0.01%             | 2032-01-23      | Fixed         | 7.70%                 | Yes           |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLDINGS LLC                                                | FREEDOM MORTGAGE HOLDINGS LLC 144A LIFE SR UNSEC 8.375% 04-01-32                                | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     2480000 | PA      | $2601470.40    | 0.01%             | 2032-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                | FORD MOTOR CREDIT CO LLC SR UNSEC 5.918% 03-20-28                                               | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    14023000 | PA      | $14265920.43   | 0.07%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| FIRST INDUSTRIAL LP                                                          | FIRST INDUSTRIAL LP SR UNSEC 5.25% 01-15-31                                                     | CUSIP: 32055RAS6<br>LEI: 86MKNB3IKYZZT3E3OV11 | Long             | DBT              | CORP              | US        |     4315000 | PA      | $4428475.87    | 0.02%             | 2031-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                | FORD MOTOR CREDIT CO LLC SR UNSEC 5.73% 09-05-30                                                | CUSIP: 345397H48<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     3924000 | PA      | $3957970.07    | 0.02%             | 2030-09-05      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CO                                                                | FORD MOTOR CO SR UNSEC 5.291% 12-08-46                                                          | CUSIP: 345370CS7<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     6181000 | PA      | $5210718.98    | 0.03%             | 2046-12-08      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                | FORD MOTOR CREDIT CO LLC SR UNSEC 3.815% 11-02-27                                               | CUSIP: 345397YT4<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    10000000 | PA      | $9757050.00    | 0.05%             | 2027-11-02      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CO                                                                | FORD MOTOR CO SR UNSEC 4.75% 01-15-43                                                           | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     3085000 | PA      | $2461058.75    | 0.01%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KSL 2024-HT2                                                                 | KSL 2024-HT2 E 144A FRN 12-15-39                                                                | CUSIP: 500937AJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     5000000 | PA      | $5025245.00    | 0.02%             | 2039-12-15      | Variable      | 8.69%                 | Yes           |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST LMAT_21-GS5                                      | LMAT 2021-GS5 A1 144A 2.25% 07-25-67                                                            | CUSIP: 52475XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1866254 | PA      | $1867433.69    | 0.01%             | 2067-07-25      | Variable      | 2.25%                 | Yes           |                  2 | On Loan: No      |
| LSTAR COMMERCIAL MORTGAGE TRUST LNSTR_17-5                                   | LNSTR 2017-5 C 144A FRN 03-10-50                                                                | CUSIP: 54910TAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1000000 | PA      | $932629.00     | 0.00%             | 2050-03-10      | Variable      | 4.68%                 | Yes           |                  2 | On Loan: No      |
| FXI HOLDINGS INC                                                             | FXI HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 12.25% 11-15-26                                      | CUSIP: 35166FAA0<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |    13721000 | PA      | $12107410.40   | 0.06%             | 2026-11-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| FIBER SOMA TRUST F/6185                                                      | FIBER SOMA TRUST F 144A LIFE SR UNSEC 4.38% 07-22-31                                            | CUSIP: 171653AA6<br>LEI: 549300PN33H8IMG2PD83 | Long             | DBT              | CORP              | MX        |     7079000 | PA      | $6127886.80    | 0.03%             | 2031-07-22      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                    | CAESARS ENTERTAINMENT INC 144A LIFE SR SEC 1ST LIEN 6.5% 02-15-32                               | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    16000000 | PA      | $16329808.00   | 0.08%             | 2032-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                   | DOW CHEMICAL CO SR UNSEC 5.15% 02-15-34                                                         | CUSIP: 260543DJ9<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |      104000 | PA      | $104343.41     | 0.00%             | 2034-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                   | DOW CHEMICAL CO SR UNSEC 5.6% 02-15-54                                                          | CUSIP: 260543DK6<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    11301000 | PA      | $10239756.99   | 0.05%             | 2054-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                    | AMGEN INC SR UNSEC 4.875% 03-01-53                                                              | CUSIP: 031162DK3<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     4975000 | PA      | $4440117.85    | 0.02%             | 2053-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALPHA BANK SA                                                                | ALPHA BANK SA EUR REG S SR UNSEC (B) 7.5% 06-16-27/26                                           | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | DBT              | CORP              | GR        |      100000 | PA      | $121784.44     | 0.00%             | 2027-06-16      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_24-1                                       | HERTZ 2024-1A C 144A 6.7% 01-25-29                                                              | CUSIP: 42806MCR8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      569000 | PA      | $584397.71     | 0.00%             | 2029-01-25      | Fixed         | 6.70%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 SD7545 09-01-51                                                                   | CUSIP: 3132DVL29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      827879 | PA      | $713094.46     | 0.00%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB2319 12-01-51                                                                   | CUSIP: 3140QMSH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      907685 | PA      | $778944.26     | 0.00%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_24-1                                       | HERTZ 2024-1A D 144A 9.22% 01-25-29                                                             | CUSIP: 42806MCS6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2895000 | PA      | $2986105.65    | 0.01%             | 2029-01-25      | Fixed         | 9.22%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_24-2                                       | HERTZ 2024-2A D 144A 9.41% 01-27-31                                                             | CUSIP: 42806MCP2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2250000 | PA      | $2363040.00    | 0.01%             | 2031-01-27      | Fixed         | 9.41%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_24-1                                       | HERTZ 2024-1A A 144A 5.44% 01-25-29                                                             | CUSIP: 42806MCK3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1690000 | PA      | $1726389.08    | 0.01%             | 2029-01-25      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_24-1                                       | HERTZ 2024-1A B 144A 6.12% 01-25-29                                                             | CUSIP: 42806MCQ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      941000 | PA      | $961074.35     | 0.00%             | 2029-01-25      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                     | FLORIDA POWER & LIGHT CO SR SEC 1ST LIEN 5.1% 04-01-33                                          | CUSIP: 341081GL5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     7251000 | PA      | $7507670.90    | 0.04%             | 2033-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                     | FLORIDA POWER & LIGHT CO SR SEC 1ST LIEN 5.3% 04-01-53                                          | CUSIP: 341081GM3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     5391000 | PA      | $5308539.26    | 0.03%             | 2053-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-1                                   | HERTZ 2023-1A B 144A 6.22% 06-25-27                                                             | CUSIP: 42806MBT5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1250000 | PA      | $1257783.75    | 0.01%             | 2027-06-25      | Fixed         | 6.22%                 | Yes           |                  2 | On Loan: No      |
| HORZN 2024-1                                                                 | HORZN 2024-1 A 144A 5.375% 09-15-49                                                             | CUSIP: 43990EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     8723850 | PA      | $8827908.08    | 0.04%             | 2049-09-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| FXI HOLDINGS INC                                                             | FXI HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 12.25% 11-15-26                                      | CUSIP: 36120RAE9<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |     8422000 | PA      | $7402601.12    | 0.04%             | 2026-11-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                | FORD MOTOR CREDIT CO LLC SR UNSEC 7.2% 06-10-30                                                 | CUSIP: 345397D42<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     2895000 | PA      | $3096280.67    | 0.02%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES HACLN_24-2                   | HACLN 2024-2 B1 144A 5.442% 10-20-32                                                            | CUSIP: 44644NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1166106 | PA      | $1178010.31    | 0.01%             | 2032-10-20      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-1                                   | HERTZ 2025-1A B 144A 5.45% 09-25-29                                                             | CUSIP: 42806MCU1<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |     6035000 | PA      | $6107142.39    | 0.03%             | 2029-09-25      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-1                                   | HERTZ 2025-1A D 144A 7.98% 09-25-29                                                             | CUSIP: 42806MCW7<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |     3784000 | PA      | $3791473.40    | 0.02%             | 2029-09-25      | Fixed         | 7.98%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-2                                   | HERTZ 2025-2A D 144A 8.34% 09-25-31                                                             | CUSIP: 42806MDA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3525000 | PA      | $3551003.93    | 0.02%             | 2031-09-25      | Fixed         | 8.34%                 | Yes           |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                          | FIFTH THIRD BANCORP SR UNSEC 6.339% 07-27-29/28                                                 | CUSIP: 316773DK3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |      236000 | PA      | $248712.14     | 0.00%             | 2029-07-27      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                                | FORD MOTOR CREDIT CO LLC SR UNSEC 7.122% 11-07-33                                               | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     4509000 | PA      | $4821798.35    | 0.02%             | 2033-11-07      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-1                                   | HERTZ 2025-1A C 144A 6.03% 09-25-29                                                             | CUSIP: 42806MCV9<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |     8358000 | PA      | $8483085.83    | 0.04%             | 2029-09-25      | Fixed         | 6.03%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-1                                   | HERTZ 2025-1A A 144A 4.91% 09-25-29                                                             | CUSIP: 42806MCT4<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $101026.10     | 0.00%             | 2029-09-25      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | GOLDMAN SACHS GROUP INC SR UNSEC 5.851% 04-25-35/34                                             | CUSIP: 38141GA95<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     3495000 | PA      | $3725044.40    | 0.02%             | 2035-04-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                               | GRAY MEDIA INC 144A LIFE SR SEC 1ST LIEN 10.5% 07-15-29                                         | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    11976000 | PA      | $12959002.06   | 0.06%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | GOLDMAN SACHS GROUP INC SR UNSEC 5.33% 07-23-35/34                                              | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     5269000 | PA      | $5426042.55    | 0.03%             | 2035-07-23      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OPERATING CORP                                               | GULFPORT ENERGY OPERATING CORP 144A LIFE SR UNSEC 6.75% 09-01-29                                | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |     4440000 | PA      | $4561851.36    | 0.02%             | 2029-09-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-2                                   | HERTZ 2025-2A C 144A 6.4% 09-25-31                                                              | CUSIP: 42806MCZ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     9707000 | PA      | $9893122.02    | 0.05%             | 2031-09-25      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST NSLT_21-C                                          | NSLT 2021-CA C 144A 3.36% 04-20-62                                                              | CUSIP: 64035GAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5313000 | PA      | $4593927.95    | 0.02%             | 2062-04-20      | Fixed         | 3.36%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL CO INC                                              | GENERAL MOTORS FINANCIAL CO INC SR UNSEC 5.45% 09-06-34                                         | CUSIP: 37045XFA9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     9957000 | PA      | $10022337.83   | 0.05%             | 2034-09-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GENTING NEW YORK LLC / GENNY CAPITAL INC                                     | GENTING NEW YORK LLC 144A LIFE SR UNSEC 7.25% 10-01-29                                          | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2200000 | PA      | $2274034.40    | 0.01%             | 2029-10-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST NSLT_21-C                                          | NSLT 2021-CA D 144A 4.44% 04-20-62                                                              | CUSIP: 64035GAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    11333000 | PA      | $9787632.12    | 0.05%             | 2062-04-20      | Fixed         | 4.44%                 | Yes           |                  2 | On Loan: No      |
| NAVIGATOR AIRCRAFT ABS LTD NAVTR_21-1                                        | NAVTR 2021-1 A 144A 2.771% 11-15-46                                                             | CUSIP: 63943BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     4760028 | PA      | $4520722.49    | 0.02%             | 2046-11-15      | Fixed         | 2.77%                 | Yes           |                  2 | On Loan: No      |
| STONEPEAK 2021-1 ABS SALTT_21-1A                                             | SALTT 2021-1A B 144A 3.821% 02-28-33                                                            | CUSIP: 78433XAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3274352 | PA      | $3178957.18    | 0.02%             | 2033-02-28      | Fixed         | 3.82%                 | Yes           |                  2 | On Loan: No      |
| STONEPEAK 2021-1 ABS SALTT_21-1A                                             | SALTT 2021-1A AA 144A 2.301% 02-28-33                                                           | CUSIP: 78433XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      488063 | PA      | $471868.99     | 0.00%             | 2033-02-28      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| STELLAR JAY US LLC STELLAR_21-1                                              | STELR 2021-1 A 144A 3.967% 10-15-41                                                             | CUSIP: 858558AA7<br>LEI: 254900N0ZJ7Y0Q6V4A92 | Long             | ABS-O            | CORP              | US        |     4740592 | PA      | $4697855.12    | 0.02%             | 2041-10-15      | Fixed         | 3.97%                 | Yes           |                  2 | On Loan: No      |
| STELLAR JAY US LLC STELLAR_21-1                                              | STELR 2021-1 B 144A 5.926% 10-15-41                                                             | CUSIP: 858558AB5<br>LEI: 254900N0ZJ7Y0Q6V4A92 | Long             | ABS-O            | CORP              | US        |     6858529 | PA      | $6877561.65    | 0.03%             | 2041-10-15      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| MAGNERA CORP                                                                 | MAGNERA CORP 144A LIFE SR SEC 1ST LIEN 7.25% 11-15-31                                           | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    12000000 | PA      | $11300880.00   | 0.06%             | 2031-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | GOLDMAN SACHS GROUP INC SR UNSEC 5.016% 10-23-35/34                                             | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     7364000 | PA      | $7416520.05    | 0.04%             | 2035-10-23      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| SPRITE LIMITED SPRTE_21-1                                                    | SPRTE 2021-1 A 144A 3.75% 11-15-46                                                              | CUSIP: 85208UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1162700 | PA      | $1131362.09    | 0.01%             | 2046-11-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| SOLRR AIRCRAFT SOLRR_21-1 LIMITED                                            | SOLRR 2021-1 A 144A 2.636% 10-15-46                                                             | CUSIP: 83438LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |     5300619 | PA      | $5014062.24    | 0.02%             | 2046-10-15      | Fixed         | 2.64%                 | Yes           |                  2 | On Loan: No      |
| GREAT CANADIAN GAMING CORP                                                   | GREAT CANADIAN GAMING CORP 144A LIFE SR SEC 1ST LIEN 8.75% 11-15-29                             | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |     2325000 | PA      | $2300787.45    | 0.01%             | 2029-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                          | GILEAD SCIENCES INC SR UNSEC 5.1% 06-15-35                                                      | CUSIP: 375558CC5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    16744000 | PA      | $17210337.14   | 0.08%             | 2035-06-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_22-A                                    | SMB 2022-A D 144A 4.75% 11-16-54                                                                | CUSIP: 78450FAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2065169 | PA      | $1962604.49    | 0.01%             | 2054-11-16      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_22-1                                            | SORT 2022-1A A1 144A 5.97% 08-15-62                                                             | CUSIP: 12530MAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    15117947 | PA      | $14672451.60   | 0.07%             | 2062-08-15      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_22-1                                            | SORT 2022-1A A2 144A 6.11% 08-15-62                                                             | CUSIP: 12530MAM7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2891571 | PA      | $2778855.03    | 0.01%             | 2062-08-15      | Fixed         | 6.11%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_22-5                            | SDART 2022-5 C 4.74% 10-16-28                                                                   | CUSIP: 80287HAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1467439 | PA      | $1468849.51    | 0.01%             | 2028-10-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | GOLDMAN SACHS GROUP INC SR UNSEC 5.536% 01-28-36/35                                             | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      670000 | PA      | $699699.09     | 0.00%             | 2036-01-28      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                                                  | GEOPARK LTD REG S SR UNSEC 8.75% 01-31-30                                                       | CUSIP: N/A<br>LEI: 529900ZR5QI19AH4KZ07       | Long             | DBT              | CORP              | CO        |      642000 | PA      | $580981.11     | 0.00%             | 2030-01-31      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| GEOPARK LTD                                                                  | GEOPARK LTD 144A LIFE SR UNSEC 8.75% 01-31-30                                                   | CUSIP: 37255BAC3<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | CO        |    13658000 | PA      | $12359875.39   | 0.06%             | 2030-01-31      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL CO INC                                              | GENERAL MOTORS FINANCIAL CO INC SR UNSEC 5.625% 04-04-32                                        | CUSIP: 37045XFG6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     5337000 | PA      | $5511178.33    | 0.03%             | 2032-04-04      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                                                        | GENERAL DYNAMICS CORP SR UNSEC 4.95% 08-15-35                                                   | CUSIP: 369550BR8<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |     2533000 | PA      | $2581349.90    | 0.01%             | 2035-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL CO INC                                              | GENERAL MOTORS FINANCIAL CO INC SR UNSEC 6.15% 07-15-35                                         | CUSIP: 37045XFK7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    13972000 | PA      | $14619630.14   | 0.07%             | 2035-07-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_22-D                                    | SMB 2022-D D 144A 7.23% 10-15-58                                                                | CUSIP: 78454XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2803279 | PA      | $2868536.80    | 0.01%             | 2058-10-15      | Fixed         | 7.23%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_22-B                                    | SMB 2022-B D 144A 5.95% 02-16-55                                                                | CUSIP: 83206NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2573901 | PA      | $2609683.02    | 0.01%             | 2055-02-16      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                               | GRAY MEDIA INC 144A LIFE SR SEC 2ND LIEN 9.625% 07-15-32                                        | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     3475000 | PA      | $3553232.68    | 0.02%             | 2032-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| HELIOS SOFTWARE HOLDINGS INC                                                 | HELIOS SOFTWARE HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 8.75% 05-01-29                           | CUSIP: 42329HAB4<br>LEI: 2138002XO5EAYFHPPT53 | Long             | DBT              | CORP              | US        |    16850000 | PA      | $17484267.70   | 0.09%             | 2029-05-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_22-7                            | SDART 2022-7 C 6.69% 03-17-31                                                                   | CUSIP: 80287FAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5972000 | PA      | $6092688.15    | 0.03%             | 2031-03-17      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_22-7                            | SDART 2022-7 B 5.95% 01-17-28                                                                   | CUSIP: 80287FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1402991 | PA      | $1405834.71    | 0.01%             | 2028-01-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                          | HILCORP ENERGY I LP 144A LIFE SR UNSEC 6.875% 05-15-34                                          | CUSIP: 431318BE3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     1405000 | PA      | $1355528.55    | 0.01%             | 2034-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                            | HERC HOLDINGS INC 144A LIFE SR UNSEC 6.625% 06-15-29                                            | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     4785000 | PA      | $4920190.61    | 0.02%             | 2029-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_21-A                                    | SMB 2021-A D1 144A 3.86% 01-15-53                                                               | CUSIP: 78448YAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1185673 | PA      | $1083295.64    | 0.01%             | 2053-01-15      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_21-A                                    | SMB 2021-A D2 144A 3.86% 01-15-53                                                               | CUSIP: 78448YAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1185673 | PA      | $1082906.73    | 0.01%             | 2053-01-15      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_23-B                                    | SMB 2023-B D 144A 7.56% 10-16-56                                                                | CUSIP: 78449HAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5000000 | PA      | $5195150.00    | 0.03%             | 2056-10-16      | Fixed         | 7.56%                 | Yes           |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST SYNIT_23-A1                                    | SYNIT 2023-A1 A 5.54% 07-15-29                                                                  | CUSIP: 87166PAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    11791000 | PA      | $11929721.12   | 0.06%             | 2029-07-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.125% 11-15-28                                                     | CUSIP: 9128285M8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      204500 | PA      | $201406.02     | 0.00%             | 2028-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 1.875% 06-30-26                                                     | CUSIP: 9128287B0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      283000 | PA      | $279086.65     | 0.00%             | 2026-06-30      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_23-C                                    | SMB 2023-C B 144A 6.36% 11-15-52                                                                | CUSIP: 83207DAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      455000 | PA      | $477179.43     | 0.00%             | 2052-11-15      | Fixed         | 6.36%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_23-D                                    | SMB 2023-D D 144A 8.87% 09-15-53                                                                | CUSIP: 78450PAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2106000 | PA      | $2292448.39    | 0.01%             | 2053-09-15      | Fixed         | 8.87%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 1.625% 09-30-26                                                     | CUSIP: 912828YG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      192500 | PA      | $188616.18     | 0.00%             | 2026-09-30      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 1.75% 12-31-26                                                      | CUSIP: 912828YX2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    12462000 | PA      | $12170895.16   | 0.06%             | 2026-12-31      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 1.375% 08-15-50                                                     | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    29660000 | PA      | $14909518.46   | 0.07%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| HERTZ CORPORATION (THE)                                                      | HERTZ CORPORATION (THE) TL-B 1ST LIEN (TSFR3M+350) FRN 06-30-28                                 | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |     1278420 | PA      | $1155372.47    | 0.01%             | 2028-06-30      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| SDART 2024-1                                                                 | SDART 2024-1 C 5.45% 03-15-30                                                                   | CUSIP: 80288AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      118000 | PA      | $119644.09     | 0.00%             | 2030-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SDART 2024-1                                                                 | SDART 2024-1 B 5.23% 12-15-28                                                                   | CUSIP: 80288AAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      531000 | PA      | $534116.97     | 0.00%             | 2028-12-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| SYCAMORE TREE CLO LTD STCP_24-5A                                             | STCP 2024-5A C CLO 144A FRN 04-20-36                                                            | CUSIP: 87122YAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      667000 | PA      | $667320.83     | 0.00%             | 2036-04-20      | Variable      | 7.08%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_20-1                                            | SORT 2020-1 A2 144A 1.99% 07-15-60                                                              | CUSIP: 12530MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      592128 | PA      | $503048.52     | 0.00%             | 2060-07-15      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| MERCURY AGGREGATOR LP                                                        | MERCURY AGGREGATOR LP TL-2 1ST LIEN 19% 02-03-26                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       10942 | PA      | $4177.66       | 0.00%             | 2026-02-03      | Variable      | 19.00%                | No            |                  3 | On Loan: No      |
| MERCURY AGGREGATOR LP                                                        | MERCURY AGGREGATOR LP TL-1 1ST LIEN 19% 02-03-26                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       19148 | PA      | $7310.71       | 0.00%             | 2026-02-03      | Variable      | 19.00%                | No            |                  3 | On Loan: No      |
| SEACO_20-1                                                                   | SEACO 2020-1A A 144A 2.17% 10-17-40                                                             | CUSIP: 37959PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2049663 | PA      | $1966266.71    | 0.01%             | 2040-10-17      | Fixed         | 2.17%                 | Yes           |                  2 | On Loan: No      |
| SEACO_20-1                                                                   | SEACO 2020-1A B 144A 3.55% 10-17-40                                                             | CUSIP: 37959PAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1056472 | PA      | $1019818.62    | 0.00%             | 2040-10-17      | Fixed         | 3.55%                 | Yes           |                  2 | On Loan: No      |
| SKYMILES IP LTD                                                              | SKYMILES IP LIMITED TL (TSFR3M+375) (FLR 1.0) FRN 10-20-27                                      | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | US        |      827888 | PA      | $829884.40     | 0.00%             | 2027-10-20      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| CRC INSURANCE GROUP LLC                                                      | TRUIST INSURANCE HOLDINGS LLC TL 2ND LIEN (TSFR3M+475) (FLR 0.00) FRN 05-06-32                  | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     6744737 | PA      | $6881034.48    | 0.03%             | 2032-05-06      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_21-1                                            | SORT 2021-1A A1 144A 1.53% 03-15-61                                                             | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    12731732 | PA      | $10662278.40   | 0.05%             | 2061-03-15      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS IV LTD TMCL_20-3A                                | TMCL 2020-3A A 144A 2.11% 09-20-45                                                              | CUSIP: 88315LAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      172765 | PA      | $164443.08     | 0.00%             | 2045-09-20      | Fixed         | 2.11%                 | Yes           |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                                                     | TEAM HEALTH HOLDINGS INC TL-B 1ST LIEN (TSFR3M+450) (FLR 0.0) FRN 06-30-28                      | CUSIP: 87817JAH1<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | LON              | CORP              | US        |      970000 | PA      | $970000.00     | 0.00%             | 2028-06-30      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| X CORP                                                                       | X CORPORATION TL-B 1ST LIEN (TSFR3M+650)(FLR 0.5) FRN 10-26-29                                  | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     7974107 | PA      | $7832566.74    | 0.04%             | 2029-10-26      | Variable      | 10.96%                | No            |                  2 | On Loan: No      |
| 3650R 2022-PF2                                                               | 3650R 2022-PF2 B FRN 11-15-55                                                                   | CUSIP: 88575JBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3591000 | PA      | $3489934.90    | 0.02%             | 2055-11-15      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| 3650R 2022-PF2                                                               | 3650R 2022-PF2 AS FRN 11-15-55                                                                  | CUSIP: 88575JAZ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2000000 | PA      | $2000214.00    | 0.01%             | 2055-11-15      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| ARBOR MULTIFAMILY MORTGAGE SECURITIES TRUST AMMST_21-MF3                     | AMMST 2021-MF3 B 144A 2.5108% 10-15-54                                                          | CUSIP: 03882KAW2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      375000 | PA      | $324512.25     | 0.00%             | 2054-10-15      | Fixed         | 2.51%                 | Yes           |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_22-1                                              | ARRW 2022-1 A1A 144A 2.495% 12-25-56                                                            | CUSIP: 042855AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     5843272 | PA      | $5644484.07    | 0.03%             | 2056-12-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| ARBOR MULTIFAMILY MORTGAGE SECURITIES TRUST AMMST_20-MF1                     | AMMST 2020-MF1 B FRN 05-15-53                                                                   | CUSIP: 03881BAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1500000 | PA      | $1419903.00    | 0.01%             | 2053-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| AOMT 2024-8                                                                  | AOMT 2024-8 A1 144A 5.338% 05-27-69                                                             | CUSIP: 03465QAA2<br>LEI: 254900BM1HTLL3SKQ481 | Long             | ABS-CBDO         | CORP              | US        |    12992590 | PA      | $13059306.66   | 0.06%             | 2069-05-27      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_20-CX                                               | COMM 2020-CX D 144A FRN 11-10-46                                                                | CUSIP: 12656KAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      415000 | PA      | $341957.10     | 0.00%             | 2046-11-10      | Variable      | 2.68%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_23-PRM3                            | CGCMT 2023-PRM3 D 144A FRN 07-10-28                                                             | CUSIP: 17331LAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2522000 | PA      | $2551182.06    | 0.01%             | 2028-07-10      | Variable      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_20-CX                                               | COMM 20-CX E 144A FRN 11-10-46/30                                                               | CUSIP: 12656KAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      195000 | PA      | $151981.05     | 0.00%             | 2046-11-10      | Variable      | 2.68%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE - CAS_24-R01                                                      | CAS 2024-R01 1B2 144A FRN 01-25-44                                                              | CUSIP: 20753UAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      500000 | PA      | $523725.00     | 0.00%             | 2044-01-25      | Variable      | 8.36%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-2                                          | TPMT 2017-2 B2 144A FRN 04-25-57                                                                | CUSIP: 89173HAF3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2000000 | PA      | $1874164.00    | 0.01%             | 2057-04-25      | Variable      | 4.17%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_15-3                                          | TPMT 2015-3 B1 144A FRN 03-25-54                                                                | CUSIP: 89172HAE7<br>LEI: 549300ZHISOOIT5VZP03 | Long             | ABS-CBDO         | CORP              | US        |     1500000 | PA      | $1489585.50    | 0.01%             | 2054-03-25      | Variable      | 4.22%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE - CAS_24-R01                                                      | CAS 2024-R01 1B1 144A FRN 01-25-44                                                              | CUSIP: 20753UAF7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      388000 | PA      | $398020.10     | 0.00%             | 2044-01-25      | Variable      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| CAS 2024-R02                                                                 | CAS 2024-R02 1M1 144A FRN 02-25-44                                                              | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     4043333 | PA      | $4042233.19    | 0.02%             | 2044-02-25      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-4                                          | TPMT 2017-4 B1 144A FRN 06-25-57                                                                | CUSIP: 89173UAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1000000 | PA      | $877137.00     | 0.00%             | 2057-06-25      | Variable      | 3.64%                 | Yes           |                  2 | On Loan: No      |
| TRYSL 2021-1A                                                                | TRYSL 2021-1A C CLO 144A FRN 07-20-32                                                           | CUSIP: 89855AAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     1500000 | PA      | $1505103.00    | 0.01%             | 2032-07-20      | Variable      | 6.99%                 | Yes           |                  2 | On Loan: No      |
| CAS 2024-R02                                                                 | CAS 2024-R02 1B2 144A FRN 02-25-44                                                              | CUSIP: 20754GAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1260000 | PA      | $1308614.58    | 0.01%             | 2044-02-25      | Variable      | 8.06%                 | Yes           |                  2 | On Loan: No      |
| CAS 2024-R02                                                                 | CAS 2024-R02 1B1 144A FRN 02-25-44                                                              | CUSIP: 20754GAF7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     7110000 | PA      | $7245985.86    | 0.04%             | 2044-02-25      | Variable      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| TICP CLO LTD TICP_18-12A                                                     | TICP 2018-12A DR CLO 144A FRN 07-15-34                                                          | CUSIP: 87250FAS9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1003428.00    | 0.00%             | 2034-07-15      | Variable      | 7.88%                 | Yes           |                  2 | On Loan: No      |
| TMCL 2025-1H                                                                 | TMCL 2025-1H A 144A 6.43% 07-23-50                                                              | CUSIP: 87257FAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    19770374 | PA      | $19833816.79   | 0.10%             | 2050-07-23      | Fixed         | 6.43%                 | Yes           |                  2 | On Loan: No      |
| TMCL 2025-1H                                                                 | TMCL 2025-1H B 144A 8.06% 07-23-50                                                              | CUSIP: 87257FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     9898000 | PA      | $9935899.44    | 0.05%             | 2050-07-23      | Fixed         | 8.06%                 | Yes           |                  2 | On Loan: No      |
| TRINITAS CLO LTD TRNTS_20-12                                                 | TRNTS 2020-12A B1R2 CLO 144A FRN 04-25-33                                                       | CUSIP: 89641GBA9<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-O            | CORP              | US        |     1757000 | PA      | $1762497.65    | 0.01%             | 2033-04-25      | Variable      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| CAS 2020-R01                                                                 | CAS 2020-R01 1B1 144A FRN 01-25-40                                                              | CUSIP: 20754CAF6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     4861000 | PA      | $4990312.32    | 0.02%             | 2040-01-25      | Variable      | 7.72%                 | Yes           |                  2 | On Loan: No      |
| CONE 2024-DFW1                                                               | CONE 2024-DFW1 D 144A FRN 08-15-41                                                              | CUSIP: 20682AAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1923000 | PA      | $1926167.18    | 0.01%             | 2041-08-15      | Variable      | 7.40%                 | Yes           |                  2 | On Loan: No      |
| TRINITAS CLO LTD TRNTS_20-12                                                 | TRNTS 2020-12A CR2 CLO 144A FRN 04-25-33                                                        | CUSIP: 89641GBC5<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-O            | CORP              | US        |      818000 | PA      | $820667.50     | 0.00%             | 2033-04-25      | Variable      | 6.04%                 | Yes           |                  2 | On Loan: No      |
| TRNTS 2021-17A                                                               | TRNTS 2021-17A CR CLO 144A FRN 10-20-34                                                         | CUSIP: 89642JAP0<br>LEI: 254900E0LENORBQRRG46 | Long             | ABS-O            | CORP              | KY        |     2537000 | PA      | $2536972.09    | 0.01%             | 2034-10-20      | Variable      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 CB7104 09-01-53                                                                   | CUSIP: 3140QS3N9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    10004886 | PA      | $10142253.31   | 0.05%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 SD5221 04-01-54                                                                   | CUSIP: 3132DSYS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     4809085 | PA      | $5031096.01    | 0.02%             | 2054-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRNTS 2021-17A                                                               | TRNTS 2021-17A B1R CLO 144A FRN 10-20-34                                                        | CUSIP: 89642JAN5<br>LEI: 254900E0LENORBQRRG46 | Long             | ABS-O            | CORP              | KY        |     1783000 | PA      | $1785549.69    | 0.01%             | 2034-10-20      | Variable      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| TACLN 2025-1                                                                 | TACLN 2025-1 B 144A 4.728% 09-26-33                                                             | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2479000 | PA      | $2483338.25    | 0.01%             | 2033-09-26      | Fixed         | 4.73%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.5 FS7653 03-01-54                                                                   | CUSIP: 3140XPQF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     3311353 | PA      | $3464605.62    | 0.02%             | 2054-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 DB7783 08-01-54                                                                   | CUSIP: 3140AHUH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2608346 | PA      | $2639768.69    | 0.01%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS VII LTD TMCL_20-1                                | TMCL 2020-1A B 144A 4.94% 08-21-45                                                              | CUSIP: 88315LAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      956957 | PA      | $943968.83     | 0.00%             | 2045-08-21      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| TRITON CONTAINER FINANCE LLC TCF_20-1                                        | TCF 2020-1A A 144A 2.11% 09-20-45                                                               | CUSIP: 89680HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      851000 | PA      | $798351.18     | 0.00%             | 2045-09-20      | Fixed         | 2.11%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.5 FS6767 01-01-54                                                                   | CUSIP: 3140XNQV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4060160 | PA      | $4241142.06    | 0.02%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 RJ0326 11-01-53                                                                   | CUSIP: 3142GQLG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1337410 | PA      | $1389008.70    | 0.01%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER FINANCE LLC TCF_20-1                                        | TCF 2020-1A B 144A 3.74% 09-20-45                                                               | CUSIP: 89680HAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2854300 | PA      | $2739794.05    | 0.01%             | 2045-09-20      | Fixed         | 3.74%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS IV LTD TCML_20-2                                 | TMCL 2020-2A A 144A 2.1% 09-20-45                                                               | CUSIP: 88315LAG3<br>LEI: 549300WW1K7EYP0YPC14 | Long             | ABS-O            | CORP              | BM        |       99061 | PA      | $93304.74      | 0.00%             | 2045-09-20      | Fixed         | 2.10%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 BU4916 08-01-54                                                                   | CUSIP: 3140M6PA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     5760356 | PA      | $5902061.20    | 0.03%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 FS8758 08-01-54                                                                   | CUSIP: 3140XQWU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     6717170 | PA      | $6882405.56    | 0.03%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS IV LTD TCML_20-2                                 | TMCL 2020-2A B 144A 3.34% 09-20-45                                                              | CUSIP: 88315LAH1<br>LEI: 549300WW1K7EYP0YPC14 | Long             | ABS-O            | CORP              | BM        |     2121510 | PA      | $2004023.09    | 0.01%             | 2045-09-20      | Fixed         | 3.34%                 | Yes           |                  2 | On Loan: No      |
| TAL ADVANTAGE VII LLC TAL_20-1A                                              | TAL 2020-1A A 144A 2.05% 09-20-45                                                               | CUSIP: 87407RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      102600 | PA      | $97613.95      | 0.00%             | 2045-09-20      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 MA5470 09-01-54                                                                   | CUSIP: 31418FCG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    43438857 | PA      | $43864254.13   | 0.21%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 BU4946 09-01-54                                                                   | CUSIP: 3140M6P80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    22313798 | PA      | $22540082.41   | 0.11%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-1                             | WLAKE 2023-1A C 144A 5.74% 08-15-28                                                             | CUSIP: 96042XAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      412000 | PA      | $414619.91     | 0.00%             | 2028-08-15      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-3                             | WLAKE 2023-3A C 144A 6.02% 09-15-28                                                             | CUSIP: 96041CAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      483000 | PA      | $489648.01     | 0.00%             | 2028-09-15      | Fixed         | 6.02%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 QJ3044 09-01-54                                                                   | CUSIP: 3133CTLZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    44778369 | PA      | $45239362.25   | 0.22%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 DB3463 05-01-54                                                                   | CUSIP: 3140ACZ55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    43088260 | PA      | $43527458.60   | 0.21%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-3                             | WLAKE 2023-3A D 144A 6.47% 03-15-29                                                             | CUSIP: 96041CAN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      269000 | PA      | $276676.18     | 0.00%             | 2029-03-15      | Fixed         | 6.47%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO/THE                                                                | BOEING CO SR UNSEC 5.93% 05-01-60                                                               | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    10192000 | PA      | $10189727.18   | 0.05%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 DB3612 05-01-54                                                                   | CUSIP: 3140ADAN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    13445420 | PA      | $13581769.78   | 0.07%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNMDI4 2.5 BF0546 07-01-61                                                                      | CUSIP: 3140FXTC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     9117624 | PA      | $7449180.58    | 0.04%             | 2061-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                | BOEING CO SR UNSEC 5.805% 05-01-50                                                              | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    13149000 | PA      | $13145239.39   | 0.06%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                | BOEING CO SR UNSEC 5.15% 05-01-30                                                               | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    16036000 | PA      | $16460921.93   | 0.08%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 RJ2474 09-01-54                                                                   | CUSIP: 3142GSXC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     3992483 | PA      | $4139837.27    | 0.02%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 RJ2470 09-01-54                                                                   | CUSIP: 3142GSW87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1374926 | PA      | $1424393.14    | 0.01%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | BANK OF AMERICA CORP SR UNSEC 1.898% 07-23-31/30                                                | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     4809000 | PA      | $4296788.60    | 0.02%             | 2031-07-23      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                             | BOYD GAMING CORP SR UNSEC 4.75% 12-01-27                                                        | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |     2300000 | PA      | $2291110.50    | 0.01%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 RJ2411 09-01-54                                                                   | CUSIP: 3142GSVD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2652063 | PA      | $2755411.55    | 0.01%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 RJ2422 09-01-54                                                                   | CUSIP: 3142GSVQ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    18470687 | PA      | $18693203.10   | 0.09%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                                    | BALL CORP SR UNSEC 2.875% 08-15-30                                                              | CUSIP: 058498AW6<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    13027000 | PA      | $11843327.70   | 0.06%             | 2030-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                             | BAT CAPITAL CORP SR UNSEC 2.726% 03-25-31                                                       | CUSIP: 05526DBS3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     5000000 | PA      | $4570355.00    | 0.02%             | 2031-03-25      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 RJ2415 09-01-54                                                                   | CUSIP: 3142GSVH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     7735149 | PA      | $7872045.88    | 0.04%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 RJ2408 09-01-54                                                                   | CUSIP: 3142GSVA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     7014579 | PA      | $7095113.36    | 0.03%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | BANK OF AMERICA CORP SR UNSEC 1.922% 10-24-31/30                                                | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    11400000 | PA      | $10128250.20   | 0.05%             | 2031-10-24      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| BANNER HEALTH                                                                | BANNER HEALTH SR UNSEC 2.913% 01-01-51                                                          | CUSIP: 06654DAE7<br>LEI: PLD0E0WJKFN8IZJ2WD85 | Long             | DBT              | CORP              | US        |     9266000 | PA      | $5960752.94    | 0.03%             | 2051-01-01      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 CB9159 09-01-54                                                                   | CUSIP: 3140QVE91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    66226859 | PA      | $67979618.96   | 0.33%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 CB9146 09-01-54                                                                   | CUSIP: 3140QVEU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     8655908 | PA      | $8764634.88    | 0.04%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                | BOEING CO SR UNSEC 3.625% 02-01-31                                                              | CUSIP: 097023DC6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     4998000 | PA      | $4790358.09    | 0.02%             | 2031-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BAYLOR SCOTT & WHITE HOLDINGS                                                | BAYLOR SCOTT & WHITE HOLDINGS SR UNSEC 0.827% 11-15-25                                          | CUSIP: 072863AG8<br>LEI: 549300JQDKSBWYRGGV95 | Long             | DBT              | CORP              | US        |     5463000 | PA      | $5439465.40    | 0.03%             | 2025-11-15      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 CB9210 09-01-54                                                                   | CUSIP: 3140QVGU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    15035705 | PA      | $15199774.98   | 0.07%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 RA9735 08-01-53                                                                   | CUSIP: 3133KRY81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       33710 | PA      | $28462.43      | 0.00%             | 2053-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BR9622 05-01-51                                                                   | CUSIP: 3140L8VQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      492634 | PA      | $415566.93     | 0.00%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QC1187 04-01-51                                                                   | CUSIP: 3133AKJ84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1519842 | PA      | $1284128.19    | 0.01%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BAYLOR SCOTT & WHITE HOLDINGS                                                | BAYLOR SCOTT & WHITE HOLDINGS SR UNSEC 1.777% 11-15-30                                          | CUSIP: 072863AH6<br>LEI: 549300JQDKSBWYRGGV95 | Long             | DBT              | CORP              | US        |    17685000 | PA      | $15696816.93   | 0.08%             | 2030-11-15      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                 | BROADCOM INC 144A SR UNSEC 3.469% 04-15-34                                                      | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     4000000 | PA      | $3652040.00    | 0.02%             | 2034-04-15      | Fixed         | 3.47%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BR9703 04-01-51                                                                   | CUSIP: 3140L8X96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1584880 | PA      | $1336928.28    | 0.01%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB2097 11-01-51                                                                   | CUSIP: 3140QMKK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       38988 | PA      | $34389.42      | 0.00%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BURLINGTON NORTHERN SANTA FE LLC                                             | BURLINGTON NORTHERN SANTA FE LLC SR UNSEC 3.3% 09-15-51                                         | CUSIP: 12189LBG5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1611000 | PA      | $1139152.60    | 0.01%             | 2051-09-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                               | BNP PARIBAS SA 144A LIFE SR NON PREF 2.871% 04-19-32/31                                         | CUSIP: 09659W2P8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    19507000 | PA      | $17731277.79   | 0.09%             | 2032-04-19      | Variable      | 2.87%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC                                                               | BOMBARDIER INC 144A LIFE SR UNSEC 7.125% 06-15-26                                               | CUSIP: 097751BV2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     1675000 | PA      | $1671459.05    | 0.01%             | 2026-06-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | BANK OF AMERICA CORP SR UNSEC 2.299% 07-21-32/31                                                | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    20757000 | PA      | $18418184.27   | 0.09%             | 2032-07-21      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                               | BOMBARDIER INC 144A LIFE SR UNSEC 6.0% 02-15-28                                                 | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     4180000 | PA      | $4193869.24    | 0.02%             | 2028-02-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BROADCOM INC                                                                 | BROADCOM INC 144A SR UNSEC 3.187% 11-15-36                                                      | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     5996000 | PA      | $5119168.94    | 0.02%             | 2036-11-15      | Fixed         | 3.19%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QA2955 09-01-49                                                                   | CUSIP: 31339SH81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       34142 | PA      | $30082.35      | 0.00%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FM7071 04-01-51                                                                   | CUSIP: 3140XA2D3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      377119 | PA      | $332230.59     | 0.00%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                             | BAT CAPITAL CORP SR UNSEC 4.742% 03-16-32                                                       | CUSIP: 05526DBW4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    10000000 | PA      | $10068870.00   | 0.05%             | 2032-03-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 5.25% 03-15-30                                    | CUSIP: 842400JJ3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     4775000 | PA      | $4870638.48    | 0.02%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BR1698 01-01-51                                                                   | CUSIP: 3140KY3G7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      921296 | PA      | $811624.91     | 0.00%             | 2051-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QD5042 01-01-52                                                                   | CUSIP: 3133B2S75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      230741 | PA      | $203274.32     | 0.00%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 6.2% 09-15-55                                     | CUSIP: 842400JK0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     2892000 | PA      | $2918953.44    | 0.01%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FINANCE US INC                                                    | STELLANTIS FINANCE US INC 144A LIFE SR UNSEC 6.45% 03-18-35                                     | CUSIP: 85855CAL4<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    13723000 | PA      | $14075269.41   | 0.07%             | 2035-03-18      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| SABRE GLBL INC                                                               | SABRE GLBL INC 144A LIFE SR SEC 1ST LIEN 11.125% 07-15-30                                       | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     9400000 | PA      | $9115180.00    | 0.04%             | 2030-07-15      | Fixed         | 11.12%                | Yes           |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                          | SYNCHRONY FINANCIAL SR UNSEC 6.0% 07-29-36/35                                                   | CUSIP: 87165BAY9<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    15390000 | PA      | $15753450.24   | 0.08%             | 2036-07-29      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                                          | SHERWIN-WILLIAMS CO SR UNSEC 5.15% 08-15-35                                                     | CUSIP: 824348BW5<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |     4394000 | PA      | $4473206.24    | 0.02%             | 2035-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                    | SUNOCO LP 144A LIFE SR UNSEC 5.875% 03-15-34                                                    | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     3140000 | PA      | $3114776.38    | 0.02%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                                    | SUNOCO LP 144A LIFE SR UNSEC 5.625% 03-15-31                                                    | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     2765000 | PA      | $2746330.72    | 0.01%             | 2031-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                     | SERVICE PROPERTIES TRUST 144A LIFE SR SEC 1ST LIEN 0.0% 09-30-27                                | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     3015000 | PA      | $2661581.70    | 0.01%             | 2027-09-30      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORP                                      | SCIENCE APPLICATIONS INTERNATIONAL CORP 144A LIFE SR UNSEC 5.875% 11-01-33                      | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |     2265000 | PA      | $2267120.04    | 0.01%             | 2033-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                                  | STARWOOD PROPERTY TRUST INC 144A LIFE SR UNSEC 5.75% 01-15-31                                   | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     7845000 | PA      | $7849926.66    | 0.04%             | 2031-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 4.0% 04-01-47                                     | CUSIP: 842400GG2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     1315000 | PA      | $996347.89     | 0.00%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                          | SIRIUS XM RADIO LLC 144A LIFE SR UNSEC 5.5% 07-01-29                                            | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     3150000 | PA      | $3153244.50    | 0.02%             | 2029-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AMGEN INC                                                                    | AMGEN INC SR UNSEC 5.25% 03-02-30                                                               | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    11990000 | PA      | $12431411.85   | 0.06%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                    | AMGEN INC SR UNSEC 5.25% 03-02-33                                                               | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    53634000 | PA      | $55572815.47   | 0.27%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 2.85% 08-01-29                                    | CUSIP: 842400GS6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     1747000 | PA      | $1637234.24    | 0.01%             | 2029-08-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 3.65% 02-01-50                                    | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |      942000 | PA      | $659320.87     | 0.00%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                          | SIRIUS XM RADIO LLC 144A LIFE SR UNSEC 4.125% 07-01-30                                          | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     6476000 | PA      | $6078373.60    | 0.03%             | 2030-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| SKYMILES IP LTD                                                              | DELTA AIR LINES INC 144A LIFE SR SEC 1ST LIEN SF 4.5% 10-20-25                                  | CUSIP: 830867AA5<br>LEI: 2549008L7P4I8VB90936 | Long             | DBT              | CORP              | US        |      375250 | PA      | $374797.82     | 0.00%             | 2025-10-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SKYMILES IP LTD                                                              | DELTA AIR LINES INC 144A LIFE SR SEC 1ST LIEN SF 4.75% 10-20-28                                 | CUSIP: 830867AB3<br>LEI: 2549008L7P4I8VB90936 | Long             | DBT              | CORP              | US        |     2760000 | PA      | $2776667.64    | 0.01%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER HOLDINGS CORP                                        | SAN MIGUEL GLOBAL POWER HOLDINGS CORP PRP REG S SR UNSEC (H) 7.0% 12-31-79/10-21-25             | CUSIP: N/A<br>LEI: 549300HBCE80QXKII590       | Long             | DBT              | CORP              | PH        |      600000 | PA      | $600019.80     | 0.00%             | 2079-12-31      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SUMMA HEALTH                                                                 | SUMMA HEALTH SR SEC 1ST LIEN 3.511% 11-15-51                                                    | CUSIP: 86564UAA8<br>LEI: 549300N4NP4BSOJ08A82 | Long             | DBT              | CORP              | US        |     9945000 | PA      | $8076254.94    | 0.04%             | 2051-11-15      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                    | AMGEN INC SR UNSEC 5.65% 03-02-53                                                               | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    19623000 | PA      | $19586363.86   | 0.10%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                    | AMGEN INC SR UNSEC 5.75% 03-02-63                                                               | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    11582000 | PA      | $11563341.40   | 0.06%             | 2063-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                                       | ADVANCE AUTO PARTS INC SR UNSEC 5.95% 03-09-28                                                  | CUSIP: 00751YAJ5<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     1299000 | PA      | $1329236.82    | 0.01%             | 2028-03-09      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ALPHA BANK SA                                                                | ALPHA BANK SA EUR REG S SR UNSEC (B) 6.875% 06-27-29/28                                         | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | DBT              | CORP              | GR        |     6640000 | PA      | $8625785.09    | 0.04%             | 2029-06-27      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TRUST INC                                                | BLACKSTONE MORTGAGE TRUST INC 144A LIFE SR SEC 1ST LIEN 7.75% 12-01-29                          | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |      142000 | PA      | $149941.78     | 0.00%             | 2029-12-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO/THE                                                                | BOEING CO SR UNSEC 7.008% 05-01-64                                                              | CUSIP: 097023DU6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     1856000 | PA      | $2150177.86    | 0.01%             | 2064-05-01      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | CITIGROUP INC SR UNSEC 6.27% 11-17-33/32                                                        | CUSIP: 172967PA3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     1264000 | PA      | $1379886.05    | 0.01%             | 2033-11-17      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                       | COLOMBIA GOVERNMENT INTERNATIONAL BOND 8.0% 04-20-33                                            | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    13802000 | PA      | $15051081.00   | 0.07%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                             | CROWN CASTLE INC SR UNSEC 5.0% 01-11-28                                                         | CUSIP: 22822VBA8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |     1877000 | PA      | $1903735.99    | 0.01%             | 2028-01-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                                   | CAPITAL ONE FINANCIAL CORP SR UNSEC 5.468% 02-01-29/28                                          | CUSIP: 14040HCX1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |      466000 | PA      | $477957.09     | 0.00%             | 2029-02-01      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE LLC                                                  | CRESCENT ENERGY FINANCE LLC 144A LIFE SR UNSEC 9.25% 02-15-28                                   | CUSIP: 45344LAC7<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     2193000 | PA      | $2278344.98    | 0.01%             | 2028-02-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                     | CLOUD SOFTWARE GROUP INC 144A LIFE SR SEC 2ND LIEN 9.0% 09-30-29                                | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    13134000 | PA      | $13637570.69   | 0.07%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP/THE                                                      | CHARLES SCHWAB CORP SR UNSEC 5.853% 05-19-34/33                                                 | CUSIP: 808513CE3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     3658000 | PA      | $3916390.15    | 0.02%             | 2034-05-19      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                     | COREBRIDGE FINANCIAL INC SR UNSEC 3.85% 04-05-29                                                | CUSIP: 21871XAF6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |      583000 | PA      | $574372.77     | 0.00%             | 2029-04-05      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                     | COREBRIDGE FINANCIAL INC SR UNSEC 3.9% 04-05-32                                                 | CUSIP: 21871XAH2<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |      247000 | PA      | $236008.01     | 0.00%             | 2032-04-05      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                              | CVS HEALTH CORP SR UNSEC 6.0% 06-01-63                                                          | CUSIP: 126650EA4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     2462000 | PA      | $2427290.72    | 0.01%             | 2063-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                                   | CAPITAL ONE FINANCIAL CORP SR UNSEC 6.377% 06-08-34/33                                          | CUSIP: 14040HDA0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     7690000 | PA      | $8320610.76    | 0.04%             | 2034-06-08      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                                        | CIVITAS RESOURCES INC 144A LIFE SR UNSEC 8.375% 07-01-28                                        | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    11652000 | PA      | $12092433.95   | 0.06%             | 2028-07-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                                        | CIVITAS RESOURCES INC 144A LIFE SR UNSEC 8.75% 07-01-31                                         | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     8422000 | PA      | $8638959.14    | 0.04%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                | CARNIVAL CORP 144A LIFE SR SEC 1ST LIEN 7.0% 08-15-29                                           | CUSIP: 143658BW1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |     6150000 | PA      | $6479578.50    | 0.03%             | 2029-08-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                     | CELANESE US HOLDINGS LLC SR UNSEC 7.2% 11-15-33                                                 | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    19921000 | PA      | $20722880.01   | 0.10%             | 2033-11-15      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                     | CELANESE US HOLDINGS LLC SR UNSEC 6.85% 11-15-28                                                | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    11817000 | PA      | $12272911.68   | 0.06%             | 2028-11-15      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                                        | CIVITAS RESOURCES INC 144A LIFE SR UNSEC 8.625% 11-01-30                                        | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     2275000 | PA      | $2357866.88    | 0.01%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                       | COLOMBIA GOVERNMENT INTERNATIONAL BOND 8.0% 11-14-35                                            | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     6345000 | PA      | $6824047.50    | 0.03%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                       | DIAMONDBACK ENERGY INC SR UNSEC 5.15% 01-30-30                                                  | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     2904000 | PA      | $2992075.42    | 0.01%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                       | DIAMONDBACK ENERGY INC SR UNSEC 5.4% 04-18-34                                                   | CUSIP: 25278XAZ2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     9785000 | PA      | $9992950.82    | 0.05%             | 2034-04-18      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                       | DIAMONDBACK ENERGY INC SR UNSEC 5.75% 04-18-54                                                  | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     4775000 | PA      | $4599518.75    | 0.02%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                       | DIAMONDBACK ENERGY INC SR UNSEC 5.9% 04-18-64                                                   | CUSIP: 25278XBB4<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     3201000 | PA      | $3084326.75    | 0.02%             | 2064-04-18      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORP                                                            | DEVON ENERGY CORP SR UNSEC 5.75% 09-15-54                                                       | CUSIP: 25179MBH5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    10306000 | PA      | $9567719.38    | 0.05%             | 2054-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG (NEW YORK BRANCH)                                           | DEUTSCHE BANK AG SR NON PREF 5.403% 09-11-35/34                                                 | CUSIP: 251526CY3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      460000 | PA      | $469229.44     | 0.00%             | 2035-09-11      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| DIEBOLD NIXDORF INC                                                          | DIEBOLD NIXDORF INC 144A LIFE SR SEC 1ST LIEN 7.75% 03-31-30                                    | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    11875000 | PA      | $12556197.50   | 0.06%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                   | DOW CHEMICAL CO SR UNSEC 5.35% 03-15-35                                                         | CUSIP: 260543DL4<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     8841000 | PA      | $8795292.03    | 0.04%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                   | DOW CHEMICAL CO SR UNSEC 5.95% 03-15-55                                                         | CUSIP: 260543DM2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     2343000 | PA      | $2227963.39    | 0.01%             | 2055-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DIAGEO INVESTMENT CORP                                                       | DIAGEO INVESTMENT CORP SR UNSEC 5.625% 04-15-35                                                 | CUSIP: 25245BAE7<br>LEI: S4G8DPIPDVCF6CB81Z61 | Long             | DBT              | CORP              | US        |     1669000 | PA      | $1771987.31    | 0.01%             | 2035-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                   | DOW CHEMICAL CO SR UNSEC 5.65% 03-15-36                                                         | CUSIP: 260543DP5<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    17447000 | PA      | $17541684.87   | 0.09%             | 2036-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                        | DIRECTV FINANCING LLC 144A LIFE SR SEC 1ST LIEN 8.875% 02-01-30                                 | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     7640000 | PA      | $7555738.44    | 0.04%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                   | DOW CHEMICAL CO SR UNSEC 5.55% 11-30-48                                                         | CUSIP: 260543CR2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     1755000 | PA      | $1601284.82    | 0.01%             | 2048-11-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG (NEW YORK BRANCH)                                           | DEUTSCHE BANK AG SR NON PREF 2.129% 11-24-26/25                                                 | CUSIP: 251526CE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     9425000 | PA      | $9390909.78    | 0.05%             | 2026-11-24      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                                     | DAIMLER TRUCKS FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 2.375% 12-14-28                     | CUSIP: 233853AG5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |     7775000 | PA      | $7329049.33    | 0.04%             | 2028-12-14      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| DANSKE BANK AS                                                               | DANSKE BANK A/S 144A LIFE SR NON PREF 4.298% 04-01-28/27                                        | CUSIP: 23636ABC4<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    12525000 | PA      | $12539641.73   | 0.06%             | 2028-04-01      | Variable      | 4.30%                 | Yes           |                  2 | On Loan: No      |
| DOW CHEMICAL COMPANY (THE)                                                   | DOW CHEMICAL CO SR UNSEC 6.9% 05-15-53                                                          | CUSIP: 260543DH3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |      768000 | PA      | $821177.09     | 0.00%             | 2053-05-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                            | DISH NETWORK CORP 144A LIFE SR SEC 1ST LIEN 11.75% 11-15-27                                     | CUSIP: 25470MAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    17150000 | PA      | $18163170.55   | 0.09%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.0 QY1239 04-01-55                                                                   | CUSIP: 31426KLV6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1689129 | PA      | $1593000.56    | 0.01%             | 2055-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 4.0 QY2903 05-01-55                                                                   | CUSIP: 31426MGM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     7582401 | PA      | $7150886.83    | 0.03%             | 2055-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 MA5700 05-01-55                                                                   | CUSIP: 31418FKN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      418020 | PA      | $421752.32     | 0.00%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 MA5646 03-01-55                                                                   | CUSIP: 31418FHY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    13557827 | PA      | $13682057.72   | 0.07%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FARM MORTGAGE TRUST FARM_25-1                                                | FARM 2025-1 A1 144A FRN 08-01-55                                                                | CUSIP: 30768CAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     4820922 | PA      | $4870095.15    | 0.02%             | 2055-08-01      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 MA5736 06-01-55                                                                   | CUSIP: 31418FLS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      489178 | PA      | $500079.04     | 0.00%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SL0419 10-01-53                                                                   | CUSIP: 31427MPD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     8822357 | PA      | $7772223.32    | 0.04%             | 2053-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SD8534 05-01-55                                                                   | CUSIP: 3132DWPT4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   131352372 | PA      | $134279559.98  | 0.65%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BV4658 04-01-52                                                                   | CUSIP: 3140MJE84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      396496 | PA      | $321691.77     | 0.00%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FS7061 04-01-52                                                                   | CUSIP: 3140XNZ31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1226211 | PA      | $1078341.24    | 0.01%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD3019 07-01-52                                                                   | CUSIP: 3132DQK88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     5142692 | PA      | $4528921.79    | 0.02%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 CB2095 11-01-51                                                                   | CUSIP: 3140QMKH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    17720762 | PA      | $15594571.96   | 0.08%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 RA6771 02-01-52                                                                   | CUSIP: 3133KNQY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      818276 | PA      | $660345.43     | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BR7719 04-01-51                                                                   | CUSIP: 3140L6SH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1058374 | PA      | $854139.97     | 0.00%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FM4279 09-01-50                                                                   | CUSIP: 3140X7XH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1436847 | PA      | $1161826.01    | 0.01%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BR3771 04-01-51                                                                   | CUSIP: 3140L2FM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2898225 | PA      | $2345577.10    | 0.01%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QD0910 11-01-51                                                                   | CUSIP: 3133AXAK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      886199 | PA      | $715183.35     | 0.00%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QD6093 02-01-52                                                                   | CUSIP: 3133B3XW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1298931 | PA      | $1048238.86    | 0.01%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QC0462 04-01-51                                                                   | CUSIP: 3133AJQP1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    16069441 | PA      | $12968521.16   | 0.06%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BQ4077 12-01-50                                                                   | CUSIP: 3140KPQ71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    10927793 | PA      | $8842802.85    | 0.04%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SMB 2025-B                                                                   | SMB 2025-B D 144A 6.63% 03-17-53                                                                | CUSIP: 83208BAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      935000 | PA      | $954500.36     | 0.00%             | 2053-03-17      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| SEACO 2025-1H                                                                | SEACO 2025-1H B 144A 7.848% 09-20-45                                                            | CUSIP: 37893FAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3692000 | PA      | $3699476.30    | 0.02%             | 2045-09-20      | Fixed         | 7.85%                 | Yes           |                  2 | On Loan: No      |
| SEACO 2025-1H                                                                | SEACO 2025-1H A 144A 6.169% 09-20-45                                                            | CUSIP: 37893FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    41935000 | PA      | $42016437.77   | 0.20%             | 2045-09-20      | Fixed         | 6.17%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_20-1                                            | SORT 2020-1 A1 144A 1.69% 07-15-60                                                              | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5430838 | PA      | $4694492.50    | 0.02%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_20-1                                            | SORT 2020-1 B1 144A 2.28% 07-15-60                                                              | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      325254 | PA      | $231465.05     | 0.00%             | 2060-07-15      | Fixed         | 2.28%                 | Yes           |                  2 | On Loan: No      |
| TAL ADVANTAGE VII LLC TAL_20-1A                                              | TAL 2020-1A B 144A 3.29% 09-20-45                                                               | CUSIP: 87407RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      356250 | PA      | $341009.63     | 0.00%             | 2045-09-20      | Fixed         | 3.29%                 | Yes           |                  2 | On Loan: No      |
| TRITON CONTAINER FINANCE LLC TCF_21-1                                        | TCF 2021-1A B 144A 2.58% 03-20-46                                                               | CUSIP: 89680HAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      419900 | PA      | $387615.15     | 0.00%             | 2046-03-20      | Fixed         | 2.58%                 | Yes           |                  2 | On Loan: No      |
| NEW ECONOMY ASSETS - PHASE I ISSUER LLC USRE_21-1                            | USRE 2021-1 B1 144A 2.41% 10-20-61                                                              | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     6036000 | PA      | $4099331.29    | 0.02%             | 2061-10-20      | Fixed         | 2.41%                 | Yes           |                  2 | On Loan: No      |
| NEW ECONOMY ASSETS - PHASE I ISSUER LLC USRE_21-1                            | USRE 2021-1 A1 144A 1.91% 10-20-61                                                              | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    55467000 | PA      | $46450728.22   | 0.23%             | 2061-10-20      | Fixed         | 1.91%                 | Yes           |                  2 | On Loan: No      |
| UACST 2024-1                                                                 | UACST 2024-1 B 144A 6.57% 06-10-27                                                              | CUSIP: 90945DAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      248966 | PA      | $249082.82     | 0.00%             | 2027-06-10      | Fixed         | 6.57%                 | Yes           |                  2 | On Loan: No      |
| UACST 2024-1                                                                 | UACST 2024-1 C 144A 7.06% 10-10-29                                                              | CUSIP: 90945DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1560000 | PA      | $1569392.76    | 0.01%             | 2029-10-10      | Fixed         | 7.06%                 | Yes           |                  2 | On Loan: No      |
| UACST 2024-1                                                                 | UACST 2024-1 D 144A 8.3% 11-12-29                                                               | CUSIP: 90945DAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4000000 | PA      | $4098840.00    | 0.02%             | 2029-11-12      | Fixed         | 8.30%                 | Yes           |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST UACST_25-1                           | UACST 2025-1 B 144A 5.05% 02-10-28                                                              | CUSIP: 90945JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      839000 | PA      | $841626.91     | 0.00%             | 2028-02-10      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST UACST_25-1                           | UACST 2025-1 C 144A 5.15% 06-10-30                                                              | CUSIP: 90945JAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1046000 | PA      | $1051899.44    | 0.01%             | 2030-06-10      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| USCLN 2025-SUP1                                                              | USCLN 2025-SUP1 B 144A 5.582% 02-25-32                                                          | CUSIP: 90357PBC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      395390 | PA      | $396615.78     | 0.00%             | 2032-02-25      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| USCLN 2025-SUP2                                                              | USCLN 2025-SUP2 B1 144A 4.8175% 09-25-32                                                        | CUSIP: 90355PAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    13642000 | PA      | $13659161.64   | 0.07%             | 2032-09-25      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| VSTRG 2024-A                                                                 | VSTRG 2024-A A3 144A 5.62% 12-15-28                                                             | CUSIP: 92891PAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       67680 | PA      | $68008.62      | 0.00%             | 2028-12-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| VOYA 2018-3A                                                                 | VOYA 2018-3A CR2 CLO 144A FRN 10-15-31                                                          | CUSIP: 92917KAW4<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-O            | CORP              | KY        |     2000000 | PA      | $2000044.00    | 0.01%             | 2031-10-15      | Variable      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| VERD 2024-1A                                                                 | VERD 2024-1A C 144A 6.25% 12-12-31                                                              | CUSIP: 92339MAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      210000 | PA      | $218024.52     | 0.00%             | 2031-12-12      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| VALLEY STREAM PARK CLO LTD VYSPK_22-1A                                       | VYSPK 2022-1A ARR CLO 144A FRN 01-20-37                                                         | CUSIP: 92013AAT6<br>LEI: 213800DEME82SWN32S20 | Long             | ABS-O            | CORP              | JE        |    20000000 | PA      | $19999360.00   | 0.10%             | 2037-01-20      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| VFI 2025-1A                                                                  | VFI 2025-1A A 144A 4.78% 06-24-30                                                               | CUSIP: 91824UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      385807 | PA      | $387609.45     | 0.00%             | 2030-06-24      | Fixed         | 4.78%                 | Yes           |                  2 | On Loan: No      |
| VIBRANT CLO XII LTD VIBR_21-12A                                              | VIBR 2021-12A BRR CLO 144A FRN 04-20-34                                                         | CUSIP: 92558WBL5<br>LEI: 5493000EYQWTOWOLAO60 | Long             | ABS-O            | CORP              | KY        |      878000 | PA      | $878000.00     | 0.00%             | 2034-04-20      | Variable      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_22-3                             | WLAKE 2022-3A C 144A 6.44% 12-15-27                                                             | CUSIP: 96043PAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1048726 | PA      | $1053299.75    | 0.01%             | 2027-12-15      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-1                             | WLAKE 2023-1A B 144A 5.41% 01-18-28                                                             | CUSIP: 96042XAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       50656 | PA      | $50680.88      | 0.00%             | 2028-01-18      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-1                             | WLAKE 2023-1A D 144A 6.79% 11-15-28                                                             | CUSIP: 96042XAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1207000 | PA      | $1239899.20    | 0.01%             | 2028-11-15      | Fixed         | 6.79%                 | Yes           |                  2 | On Loan: No      |
| WFLOOR 2024-1A                                                               | WFLOOR 2024-1A A 144A 5.43% 02-15-28                                                            | CUSIP: 96043GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4470000 | PA      | $4488036.45    | 0.02%             | 2028-02-15      | Fixed         | 5.43%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-1A                                                                | WLAKE 2024-1A B 144A 5.55% 11-15-27                                                             | CUSIP: 96043RAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      496000 | PA      | $499449.68     | 0.00%             | 2027-11-15      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-1A                                                                | WLAKE 2024-1A D 144A 6.02% 10-15-29                                                             | CUSIP: 96043RAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2010000 | PA      | $2055970.71    | 0.01%             | 2029-10-15      | Fixed         | 6.02%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-1A                                                                | WLAKE 2024-1A C 144A 5.65% 02-15-29                                                             | CUSIP: 96043RAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      521000 | PA      | $527457.27     | 0.00%             | 2029-02-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO/THE                                                                | BOEING CO SR UNSEC 6.528% 05-01-34                                                              | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    16082000 | PA      | $17790873.32   | 0.09%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                | BOEING CO SR UNSEC 6.388% 05-01-31                                                              | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     4887000 | PA      | $5325051.13    | 0.03%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                | BOEING CO SR UNSEC 6.858% 05-01-54                                                              | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     8827000 | PA      | $10075693.90   | 0.05%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                      | BPCE SA 144A LIFE SR NON PREF 6.293% 01-14-36/35                                                | CUSIP: 05571ABA2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    20000000 | PA      | $21412740.00   | 0.10%             | 2036-01-14      | Variable      | 6.29%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | BANK OF AMERICA CORP SR UNSEC 5.162% 01-24-31/30                                                | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      868000 | PA      | $896115.39     | 0.00%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                             | BAT CAPITAL CORP SR UNSEC 5.625% 08-15-35                                                       | CUSIP: 05526DCC7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    23768000 | PA      | $24710971.63   | 0.12%             | 2035-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                    | BLOCK INC SR UNSEC 6.5% 05-15-32                                                                | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    14650000 | PA      | $15174338.15   | 0.07%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                            | BROWN & BROWN INC SR UNSEC 5.25% 06-23-32                                                       | CUSIP: 115236AL5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     5677000 | PA      | $5825442.20    | 0.03%             | 2032-06-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                            | BROWN & BROWN INC SR UNSEC 5.55% 06-23-35                                                       | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    16746000 | PA      | $17239521.37   | 0.08%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                            | BROWN & BROWN INC SR UNSEC 6.25% 06-23-55                                                       | CUSIP: 115236AN1<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     2177000 | PA      | $2292596.52    | 0.01%             | 2055-06-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                 | BROADCOM INC SR UNSEC 5.2% 07-15-35                                                             | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    35033000 | PA      | $36118567.57   | 0.18%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                                    | BALL CORP SR UNSEC 5.5% 09-15-33                                                                | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    21000000 | PA      | $21238854.00   | 0.10%             | 2033-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                    | BLOCK INC 144A LIFE SR UNSEC 5.625% 08-15-30                                                    | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     3405000 | PA      | $3452356.74    | 0.02%             | 2030-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| BLOCK INC                                                                    | BLOCK INC 144A LIFE SR UNSEC 6.0% 08-15-33                                                      | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     4360000 | PA      | $4467779.20    | 0.02%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BHP BILLITON FINANCE (USA) LTD                                               | BHP BILLITON FINANCE USA LTD SR UNSEC 5.75% 09-05-55                                            | CUSIP: 055451BM9<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |     5091000 | PA      | $5295337.47    | 0.03%             | 2055-09-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | BANK OF AMERICA CORP SR UNSEC 3.824% 01-20-28/27                                                | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     3203000 | PA      | $3188624.94    | 0.02%             | 2028-01-20      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB2372 12-01-51                                                                   | CUSIP: 3140QMT61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      442303 | PA      | $379044.72     | 0.00%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BT9510 12-01-51                                                                   | CUSIP: 3140LYR88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      920856 | PA      | $791560.60     | 0.00%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BT9483 12-01-51                                                                   | CUSIP: 3140LYRD7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      912670 | PA      | $783222.86     | 0.00%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHMS_K142                          | FHMS K142 A2 2.4% 03-25-32                                                                      | CUSIP: 3137H73P6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    24762000 | PA      | $22274137.10   | 0.11%             | 2032-03-25      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FM7909 06-01-51                                                                   | CUSIP: 3140XBYF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     3552083 | PA      | $3150122.02    | 0.02%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 MA4547 02-01-52                                                                   | CUSIP: 31418EBR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     7365488 | PA      | $5955328.53    | 0.03%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB2639 01-01-52                                                                   | CUSIP: 3140QM4Z4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       21767 | PA      | $18377.85      | 0.00%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 CA6987 09-01-50                                                                   | CUSIP: 3140QEXR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    74755589 | PA      | $60446621.84   | 0.29%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PART 2024-1A                                                                 | PART 2024-1A B 144A 5.71% 05-15-28                                                              | CUSIP: 74113QAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      195892 | PA      | $196407.79     | 0.00%             | 2028-05-15      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| PART 2024-1A                                                                 | PART 2024-1A D 144A 6.21% 02-15-30                                                              | CUSIP: 74113QAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      421000 | PA      | $430403.04     | 0.00%             | 2030-02-15      | Fixed         | 6.21%                 | Yes           |                  2 | On Loan: No      |
| PART 2024-1A                                                                 | PART 2024-1A E 144A 7.94% 04-15-31                                                              | CUSIP: 74113QAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      682000 | PA      | $706661.80     | 0.00%             | 2031-04-15      | Fixed         | 7.94%                 | Yes           |                  2 | On Loan: No      |
| CAMPBELL'S COMPANY/THE                                                       | CAMPBELL'S COMPANY SR UNSEC 5.25% 10-13-54                                                      | CUSIP: 134429BR9<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |     1100000 | PA      | $1019418.40    | 0.00%             | 2054-10-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                         | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 6.875% 11-01-29                                         | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     9266000 | PA      | $9450587.99    | 0.05%             | 2029-11-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                         | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 7.375% 05-01-33                                         | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    10000000 | PA      | $10216700.00   | 0.05%             | 2033-05-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CONSTELLATION OIL SERVICES HOLDING SA                                        | CONSTELLATION OIL SERVICES HOLDING SA 144A LIFE SR SEC 1ST LIEN SF 9.375% 11-07-29              | CUSIP: 650921AA7<br>LEI: 54930059EGCX1QIQVD73 | Long             | DBT              | CORP              | LU        |    12510000 | PA      | $12835260.00   | 0.06%             | 2029-11-07      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                       | COLOMBIA GOVERNMENT INTERNATIONAL BOND 7.75% 11-07-36                                           | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    20781000 | PA      | $21809659.50   | 0.11%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY HOUSTON ELECTRIC LLC                                      | CENTERPOINT ENERGY HOUSTON ELECTRIC LLC SR UNSEC 5.05% 03-01-35                                 | CUSIP: 15189XBF4<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |     2110000 | PA      | $2134421.14    | 0.01%             | 2035-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | CITIGROUP INC SUB 6.02% 01-24-36/35                                                             | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     2341000 | PA      | $2453524.85    | 0.01%             | 2036-01-24      | Variable      | 6.02%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                | CARNIVAL CORP 144A LIFE SR UNSEC 6.12% 02-15-33                                                 | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |     4665000 | PA      | $4784731.89    | 0.02%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                         | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 7.5% 09-15-31                                           | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     8675000 | PA      | $8947620.55    | 0.04%             | 2031-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                | CARNIVAL CORP 144A LIFE SR UNSEC 5.75% 03-15-30                                                 | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |     6949000 | PA      | $7099487.54    | 0.03%             | 2030-03-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                     | CELANESE US HOLDINGS LLC SR UNSEC 6.5% 04-15-30                                                 | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    15000000 | PA      | $15110460.00   | 0.07%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | CITIGROUP INC SR UNSEC 5.333% 03-27-36/35                                                       | CUSIP: 17327CBA0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    31611000 | PA      | $32324776.38   | 0.16%             | 2036-03-27      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                                       | COLOMBIA GOVERNMENT INTERNATIONAL BOND 8.5% 04-25-35                                            | CUSIP: 195325ES0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     8220000 | PA      | $9115980.00    | 0.04%             | 2035-04-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CELULOSA ARAUCO Y CONSTITUCION SA                                            | CELULOSA ARAUCO Y CONSTITUCION SA 144A LIFE SR UNSEC 6.18% 05-05-32                             | CUSIP: 151191BR3<br>LEI: 549300QEKV8G0AMNQD28 | Long             | DBT              | CORP              | CL        |     5270000 | PA      | $5512420.00    | 0.03%             | 2032-05-05      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | CITIGROUP INC SR UNSEC 4.952% 05-07-31/30                                                       | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     3537000 | PA      | $3605271.17    | 0.02%             | 2031-05-07      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 3.095% 04-03-23/09-27-48 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-1831306.13   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 3.18% 04-17-23/04-17-30 LCH                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-671558.91    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 2.974% 04-17-23/04-17-53 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $4299011.91    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.044% 04-18-23/04-18-53 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $4029484.16    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 3.275% 04-18-23/04-18-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-341086.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 3.342% 04-19-23/04-19-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-107466.70    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.0875% 04-19-23/04-19-53 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3829253.70    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 3.1035% 04-19-23/04-19-53 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3751161.75    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 MA4492 12-01-51                                                                   | CUSIP: 31418D7E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2451596 | PA      | $1989156.28    | 0.01%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 MA4465 11-01-51                                                                   | CUSIP: 31418D6B3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    18242698 | PA      | $14801741.69   | 0.07%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QD5748 02-01-52                                                                   | CUSIP: 3133B3L54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1225149 | PA      | $990783.08     | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 SD8199 03-01-52                                                                   | CUSIP: 3132DWDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    16512468 | PA      | $13382430.80   | 0.07%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 SD8182 12-01-51                                                                   | CUSIP: 3132DWCT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2463956 | PA      | $1998709.28    | 0.01%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 SD8166 09-01-51                                                                   | CUSIP: 3132DWCB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1349304 | PA      | $1095620.41    | 0.01%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QA9345 05-01-50                                                                   | CUSIP: 3133A4L20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     4719744 | PA      | $4158538.20    | 0.02%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RJ2314 09-01-54                                                                   | CUSIP: 3142GSSC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    26149042 | PA      | $26814168.99   | 0.13%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 RJ2325 09-01-54                                                                   | CUSIP: 3142GSSP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1743651 | PA      | $1811379.94    | 0.01%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 RJ2320 09-01-54                                                                   | CUSIP: 3142GSSJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     3269001 | PA      | $3406517.99    | 0.02%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                     | COMMONWEALTH OF PUERTO RICO 5.625% 07-01-29                                                     | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     1243082 | PA      | $1330338.90    | 0.01%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                     | COMMONWEALTH OF PUERTO RICO 5.75% 07-01-31                                                      | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     1207394 | PA      | $1338780.20    | 0.01%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY WISCONSIN                                           | UNITED STATES OF AMERICA 4.95% 03-01-34                                                         | CUSIP: 74447CAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    21585000 | PA      | $21365545.31   | 0.10%             | 2034-03-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-32                                              | CUSIP: 74526QKW1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     1240000 | PA      | $852500.00     | 0.00%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                     | COMMONWEALTH OF PUERTO RICO FRN 11-01-43                                                        | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     4724131 | PA      | $3129737.11    | 0.02%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.25% 07-01-26                                             | CUSIP: 74526QXR8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     2975000 | PA      | $2045312.50    | 0.01%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 4.8% 07-01-28                                              | CUSIP: 74526QYN6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     1680000 | PA      | $1155000.00    | 0.01%             | 2028-07-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.25% 07-01-31                                             | CUSIP: 74526QXU1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     2000000 | PA      | $1370000.00    | 0.01%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-33                                              | CUSIP: 74526QZQ8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     1595000 | PA      | $1092575.00    | 0.01%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-28                                              | CUSIP: 74526QVC3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |      425000 | PA      | $292187.50     | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 4.75% 07-01-27                                             | CUSIP: 74526QWX6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |      485000 | PA      | $333437.50     | 0.00%             | 2027-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-31                                              | CUSIP: 74526QKP6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     1415000 | PA      | $969275.00     | 0.00%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-26                                              | CUSIP: 74526QWW8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |       45000 | PA      | $30937.50      | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.0% 07-01-32                                              | CUSIP: 74526QZN5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     4865000 | PA      | $3332525.00    | 0.02%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 5.25% 07-01-26                                             | CUSIP: 74526QZA3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |      155000 | PA      | $106562.50     | 0.00%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                         | PUERTO RICO ELECTRIC POWER AUTHORITY 4.75% 07-01-26                                             | CUSIP: 74526QVZ2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |       80000 | PA      | $55000.00      | 0.00%             | 2026-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | CNH FWD SALE TO USD 10/27/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $119953.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | CZK FWD PUR FROM USD 10/27/2025                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-740836.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | CLP FWD PUR FROM USD NDF 10/27/2025                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-1629649.11   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | COP FWD PUR FROM USD NDF 10/30/2025                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-956716.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 SD7554 04-01-52                                                                   | CUSIP: 3132DVMB8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      443673 | PA      | $381382.00     | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_16-DNA2                                  | STACR 2016-DNA2 M3 FRN 10-25-28                                                                 | CUSIP: 3137G0JU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      980649 | PA      | $998917.78     | 0.00%             | 2028-10-25      | Variable      | 9.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FM9933 11-01-51                                                                   | CUSIP: 3140XEBB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1801817 | PA      | $1590114.43    | 0.01%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD8213 05-01-52                                                                   | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    16955725 | PA      | $14937468.13   | 0.07%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FM8745 09-01-51                                                                   | CUSIP: 3140XCWF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     7871579 | PA      | $6645045.52    | 0.03%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 MA4577 04-01-52                                                                   | CUSIP: 31418ECP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    40141009 | PA      | $32523610.46   | 0.16%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 MA4562 03-01-52                                                                   | CUSIP: 31418EB82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2877843 | PA      | $2334008.19    | 0.01%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 SD8204 04-01-52                                                                   | CUSIP: 3132DWDH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     4142388 | PA      | $3349290.25    | 0.02%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 MA4652 07-01-52                                                                   | CUSIP: 31418EE22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      183452 | PA      | $155154.89     | 0.00%             | 2052-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FM9672 12-01-51                                                                   | CUSIP: 3140XDXA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      689840 | PA      | $582764.79     | 0.00%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BU3058 12-01-51                                                                   | CUSIP: 3140M4MG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2881594 | PA      | $2433183.66    | 0.01%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BU8802 04-01-52                                                                   | CUSIP: 3140MAX82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      425138 | PA      | $359621.67     | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BU9507 04-01-52                                                                   | CUSIP: 3140MBR53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       63867 | PA      | $54131.51      | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FM7408 05-01-51                                                                   | CUSIP: 3140XBGS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      145248 | PA      | $122527.79     | 0.00%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QE1005 04-01-52                                                                   | CUSIP: 3133BADJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       85177 | PA      | $71985.54      | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 RA7021 03-01-52                                                                   | CUSIP: 3133KNYS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       54832 | PA      | $46287.94      | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB0520 05-01-51                                                                   | CUSIP: 3140QKSJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2498240 | PA      | $2107469.88    | 0.01%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB1868 10-01-51                                                                   | CUSIP: 3140QMCE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1612773 | PA      | $1360479.08    | 0.01%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB4274 07-01-52                                                                   | CUSIP: 3140QPXC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     7249448 | PA      | $6121462.91    | 0.03%             | 2052-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BV9818 05-01-52                                                                   | CUSIP: 3140MP4C2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      594304 | PA      | $503424.03     | 0.00%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QE4044 06-01-52                                                                   | CUSIP: 3133BDP58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      149282 | PA      | $126005.54     | 0.00%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 RA6411 11-01-51                                                                   | CUSIP: 3133KNDQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    13013994 | PA      | $10978150.17   | 0.05%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BW3559 06-01-52                                                                   | CUSIP: 3140MU5V8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      953164 | PA      | $809766.55     | 0.00%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                              | CVS HEALTH CORP SR UNSEC 6.2% 09-15-55                                                          | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    19433000 | PA      | $20014726.86   | 0.10%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                              | CIGNA GROUP SR UNSEC 5.25% 01-15-36                                                             | CUSIP: 125523CZ1<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    15000000 | PA      | $15197040.00   | 0.07%             | 2036-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                              | CIGNA GROUP SR UNSEC 6.0% 01-15-56                                                              | CUSIP: 125523DA5<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     7500000 | PA      | $7785735.00    | 0.04%             | 2056-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                         | CLEVELAND-CLIFFS INC 144A LIFE SR UNSEC 7.62% 01-15-34                                          | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     2670000 | PA      | $2752930.20    | 0.01%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| COMMSCOPE TECHNOLOGIES LLC                                                   | COMMSCOPE TECHNOLOGIES LLC 144A LIFE SR UNSEC 5.0% 03-15-27                                     | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |     4475000 | PA      | $4443679.48    | 0.02%             | 2027-03-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FINANCE SA                                               | CONSOLIDATED ENERGY FINANCE SA 144A LIFE SR UNSEC 6.5% 05-15-26                                 | CUSIP: 20914UAE6<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |      785000 | PA      | $764615.12     | 0.00%             | 2026-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                         | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 4.8% 03-01-50                              | CUSIP: 161175BT0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     5599000 | PA      | $4437453.86    | 0.02%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY CO                                                  | CANADIAN PACIFIC RAILWAY CO SR UNSEC 2.05% 03-05-30                                             | CUSIP: 13648TAA5<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |     2000000 | PA      | $1823304.00    | 0.01%             | 2030-03-05      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                         | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 3.7% 04-01-51                              | CUSIP: 161175BV5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     2964000 | PA      | $1956779.45    | 0.01%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                                                 | CHEVRON CORP SR UNSEC 3.078% 05-11-50                                                           | CUSIP: 166764CA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1094000 | PA      | $759860.67     | 0.00%             | 2050-05-11      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                                                 | CHEVRON CORP SR UNSEC 2.236% 05-11-30                                                           | CUSIP: 166764BY5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3290000 | PA      | $3044266.61    | 0.01%             | 2030-05-11      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD                                               | CANADIAN NATURAL RESOURCES LTD SR UNSEC 2.95% 07-15-30                                          | CUSIP: 136385BA8<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |      474000 | PA      | $444356.04     | 0.00%             | 2030-07-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                                                | COMMSCOPE LLC 144A LIFE SR UNSEC 7.125% 07-01-28                                                | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     2003000 | PA      | $2012063.58    | 0.01%             | 2028-07-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORP                                                                 | CENTENE CORP SR UNSEC 3.0% 10-15-30                                                             | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     3625000 | PA      | $3241337.25    | 0.02%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                                 | CENTENE CORP SR UNSEC 2.5% 03-01-31                                                             | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     6272000 | PA      | $5406708.61    | 0.03%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                                         | CHARTER COMMUNICATIONS OPERATING LLC SR SEC 1ST LIEN 3.9% 06-01-52                              | CUSIP: 161175CA0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     7235000 | PA      | $4903658.72    | 0.02%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                              | CIGNA GROUP SR UNSEC 2.375% 03-15-31                                                            | CUSIP: 125523CM0<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     1713000 | PA      | $1541640.05    | 0.01%             | 2031-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIED HOLDINGS LLC                                       | COMPASS GROUP DIVERSIFIED HOLDINGS LLC 144A LIFE SR UNSEC 5.25% 04-15-29                        | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    12851025 | PA      | $11882623.16   | 0.06%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS INC                                              | CONSOLIDATED COMMUNICATIONS INC 144A LIFE SR SEC 1ST LIEN 5.0% 10-01-28                         | CUSIP: 20903XAH6<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |     2800000 | PA      | $2835000.00    | 0.01%             | 2028-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                             | CCO HOLDINGS LLC 144A SR UNSEC 4.5% 06-01-33                                                    | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    19875000 | PA      | $17682509.25   | 0.09%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CORP INMOBILIARIA VESTA SAB DE CV                                            | CORP INMOBILIARIA VESTA SAB DE CV 144A LIFE SR UNSEC 3.625% 05-13-31                            | CUSIP: 21989DAA0<br>LEI: 4469000001BIRIFZJ959 | Long             | DBT              | CORP              | MX        |     4075000 | PA      | $3789790.75    | 0.02%             | 2031-05-13      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| CVR PARTNERS LP                                                              | CVR PARTNERS LP 144A LIFE SR SEC 1ST LIEN 6.125% 06-15-28                                       | CUSIP: 12663QAC9<br>LEI: 529900LE0OS06MYQRP11 | Long             | DBT              | CORP              | US        |     5290000 | PA      | $5285561.69    | 0.03%             | 2028-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                                       | COMSTOCK RESOURCES INC 144A LIFE SR UNSEC 5.875% 01-15-30                                       | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |     2794000 | PA      | $2692996.90    | 0.01%             | 2030-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                                | ECHOSTAR CORP SR SEC 1ST LIEN PIK 6.75% 11-30-30                                                | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     9548704 | PA      | $9851636.63    | 0.05%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                         | EDISON INTERNATIONAL SR UNSEC 5.25% 03-15-32                                                    | CUSIP: 281020BB2<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    15485000 | PA      | $15349289.46   | 0.07%             | 2032-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                                     | EGYPT GOVERNMENT INTERNATIONAL BOND 144A LIFE 9.45% 02-04-33                                    | CUSIP: 03846JAG5<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    15000000 | PA      | $16029495.00   | 0.08%             | 2033-02-04      | Fixed         | 9.45%                 | Yes           |                  2 | On Loan: No      |
| HOME DEPOT INC                                                               | HOME DEPOT INC SR UNSEC 4.85% 06-25-31                                                          | CUSIP: 437076DD1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     2295000 | PA      | $2369608.16    | 0.01%             | 2031-06-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                               | HOME DEPOT INC SR UNSEC 4.95% 06-25-34                                                          | CUSIP: 437076DE9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     3335000 | PA      | $3416500.73    | 0.02%             | 2034-06-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HERSHEY CO (THE)                                                             | HERSHEY CO SR UNSEC 5.1% 02-24-35                                                               | CUSIP: 427866BN7<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |     4958000 | PA      | $5115238.01    | 0.02%             | 2035-02-24      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                            | HSBC HOLDINGS PLC SR UNSEC 5.45% 03-03-36/35                                                    | CUSIP: 404280ES4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    15466000 | PA      | $15966154.97   | 0.08%             | 2036-03-03      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                            | HERC HOLDINGS INC 144A LIFE SR UNSEC 7.0% 06-15-30                                              | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     3555000 | PA      | $3695568.26    | 0.02%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                            | HERC HOLDINGS INC 144A LIFE SR UNSEC 7.25% 06-15-33                                             | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     2075000 | PA      | $2167746.28    | 0.01%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                     | SERVICE PROPERTIES TRUST SR UNSEC 4.95% 02-15-27                                                | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     6850000 | PA      | $6829402.05    | 0.03%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                               | HOME DEPOT INC SR UNSEC 5.875% 12-16-36                                                         | CUSIP: 437076AS1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     1970000 | PA      | $2146143.61    | 0.01%             | 2036-12-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                     | SERVICE PROPERTIES TRUST SR UNSEC 3.95% 01-15-28                                                | CUSIP: 44106MAX0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     1650000 | PA      | $1545522.00    | 0.01%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                     | SERVICE PROPERTIES TRUST SR UNSEC 4.375% 02-15-30                                               | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     7365000 | PA      | $6266679.65    | 0.03%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES LP                                                 | HUDSON PACIFIC PROPERTIES LP SR UNSEC 4.65% 04-01-29                                            | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |     3377000 | PA      | $3145638.35    | 0.02%             | 2029-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                     | SERVICE PROPERTIES TRUST SR UNSEC 4.95% 10-01-29                                                | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    10520000 | PA      | $9280722.96    | 0.05%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES LP                                                 | HUDSON PACIFIC PROPERTIES LP SR UNSEC 3.25% 01-15-30                                            | CUSIP: 44409MAC0<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |    10858000 | PA      | $9334839.76    | 0.05%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                          | HILCORP ENERGY I LP 144A LIFE SR UNSEC 5.75% 02-01-29                                           | CUSIP: 431318AU8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     1191000 | PA      | $1174271.21    | 0.01%             | 2029-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                          | HILCORP ENERGY I LP 144A LIFE SR UNSEC 6.0% 02-01-31                                            | CUSIP: 431318AV6<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |      801000 | PA      | $774414.81     | 0.00%             | 2031-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER LLC                                          | HILTON GRAND VACATIONS BORROWER LLC 144A LIFE SR UNSEC 5.0% 06-01-29                            | CUSIP: 43284MAA6<br>LEI: 254900HF0EZ734FDVY79 | Long             | DBT              | CORP              | US        |     3403000 | PA      | $3275033.59    | 0.02%             | 2029-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                            | HSBC HOLDINGS PLC SR UNSEC 2.871% 11-22-32/31                                                   | CUSIP: 404280CY3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     8680000 | PA      | $7825740.44    | 0.04%             | 2032-11-22      | Variable      | 2.87%                 | No            |                  2 | On Loan: No      |
| HERTZ CORPORATION (THE)                                                      | HERTZ CORP 144A LIFE SR UNSEC 4.625% 12-01-26                                                   | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |     4205000 | PA      | $4141281.64    | 0.02%             | 2026-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                          | HILCORP ENERGY I LP 144A LIFE SR UNSEC 6.0% 04-15-30                                            | CUSIP: 431318AY0<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     2502000 | PA      | $2468090.39    | 0.01%             | 2030-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                                          | HILCORP ENERGY I LP 144A LIFE SR UNSEC 6.25% 04-15-32                                           | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     4216000 | PA      | $4047524.42    | 0.02%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                          | JPMORGAN CHASE & CO SR UNSEC 4.505% 10-22-28/27                                                 | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    12188000 | PA      | $12295473.78   | 0.06%             | 2028-10-22      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                          | JPMORGAN CHASE & CO SR UNSEC 5.572% 04-22-36/35                                                 | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    12890000 | PA      | $13593291.29   | 0.07%             | 2036-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                                        | JANE STREET GROUP 144A LIFE SR SEC 1ST LIEN 6.75% 05-01-33                                      | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |     2960000 | PA      | $3076665.44    | 0.02%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC                                                | JH NORTH AMERICA HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 5.875% 01-31-31                         | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |      985000 | PA      | $1000961.93    | 0.00%             | 2031-01-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC                                                | JH NORTH AMERICA HOLDINGS INC 144A LIFE SR UNSEC 6.125% 07-31-32                                | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |      955000 | PA      | $979012.52     | 0.00%             | 2032-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                          | JPMORGAN CHASE & CO SR UNSEC 2.545% 11-08-32/31                                                 | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     1359000 | PA      | $1219302.95    | 0.01%             | 2032-11-08      | Variable      | 2.54%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                          | JPMORGAN CHASE & CO SR UNSEC 4.323% 04-26-28/27                                                 | CUSIP: 46647PDA1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    11000000 | PA      | $11029854.00   | 0.05%             | 2028-04-26      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| KRAKATAU POSCO PT                                                            | KRAKATAU POSCO PT REG S SR UNSEC 6.375% 06-11-29                                                | CUSIP: N/A<br>LEI: 98450003F1F2D08D9C16       | Long             | DBT              | CORP              | ID        |    15000000 | PA      | $15443715.00   | 0.08%             | 2029-06-11      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                                     | MARS INC 144A LIFE SR UNSEC 5.65% 05-01-45                                                      | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     6205000 | PA      | $6298695.50    | 0.03%             | 2045-05-01      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                                     | MARS INC 144A LIFE SR UNSEC 5.7% 05-01-55                                                       | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    11531000 | PA      | $11688594.18   | 0.06%             | 2055-05-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                                     | MARS INC 144A LIFE SR UNSEC 5.8% 05-01-65                                                       | CUSIP: 571676BD6<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     1905000 | PA      | $1944364.92    | 0.01%             | 2065-05-01      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | MORGAN STANLEY SR UNSEC 5.664% 04-17-36/35                                                      | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    22413000 | PA      | $23657705.96   | 0.12%             | 2036-04-17      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                                                        | MICRON TECHNOLOGY INC SR UNSEC 6.05% 11-01-35                                                   | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    13898000 | PA      | $14857392.84   | 0.07%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                  | MEXICO GOVERNMENT INTERNATIONAL BOND 6.62% 01-29-38                                             | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     3790000 | PA      | $3992802.90    | 0.02%             | 2038-01-29      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                      | MPLX LP SR UNSEC 5.4% 09-15-35                                                                  | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     6168000 | PA      | $6184277.35    | 0.03%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MPT OPERATING PARTNERSHIP LP                                                 | MPT OPERATING PARTNERSHIP LP SR UNSEC 5.0% 10-15-27                                             | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    13723000 | PA      | $13307302.88   | 0.06%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MCDONALDS CORP                                                               | MCDONALD'S CORP SR UNSEC 3.625% 09-01-49                                                        | CUSIP: 58013MFK5<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |      907000 | PA      | $679950.69     | 0.00%             | 2049-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MCDONALDS CORP                                                               | MCDONALD'S CORP SR UNSEC 4.2% 04-01-50                                                          | CUSIP: 58013MFR0<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |     2093000 | PA      | $1722312.96    | 0.01%             | 2050-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                                                              | MV24 CAPITAL BV REG S SR SEC 1ST LIEN SF 6.748% 06-01-34                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | NL        |     7611002 | PA      | $7561210.59    | 0.04%             | 2034-06-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | MORGAN STANLEY SR UNSEC 1.794% 02-13-32/31                                                      | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     1509000 | PA      | $1316480.27    | 0.01%             | 2032-02-13      | Variable      | 1.79%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                           | VICI PROPERTIES LP 144A LIFE SR UNSEC 3.875% 02-15-29                                           | CUSIP: 92564RAL9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     6800000 | PA      | $6643307.60    | 0.03%             | 2029-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC                                               | MARSH & MCLENNAN COS INC SR UNSEC 2.375% 12-15-31                                               | CUSIP: 571748BP6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     7309000 | PA      | $6516850.58    | 0.03%             | 2031-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MCDONALDS CORP                                                               | MCDONALD'S CORP SR UNSEC 5.15% 09-09-52                                                         | CUSIP: 58013MFT6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |     1483000 | PA      | $1405956.67    | 0.01%             | 2052-09-09      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                           | META PLATFORMS INC SR UNSEC 4.45% 08-15-52                                                      | CUSIP: 30303M8J4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    22500000 | PA      | $19335285.00   | 0.09%             | 2052-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUTIONS HOLDING COMPANY                                   | MAUSER PACKAGING SOLUTIONS HOLDING COMPANY 144A LIFE SR SEC 1ST LIEN 7.875% 08-15-26            | CUSIP: 57763RAB3<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    12605000 | PA      | $12566315.26   | 0.06%             | 2026-08-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | MORGAN STANLEY SR UNSEC 5.164% 04-20-29/28                                                      | CUSIP: 61747YFD2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     2463000 | PA      | $2521503.64    | 0.01%             | 2029-04-20      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| MODEC FINANCE BV                                                             | MODEC FINANCE BV 7.84% 07-15-26                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | NL        |     9000000 | PA      | $9112500.00    | 0.04%             | 2026-07-15      | Fixed         | 7.84%                 | Yes           |                  3 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                                        | MINERVA LUXEMBOURG SA 144A LIFE SR UNSEC 8.875% 09-13-33                                        | CUSIP: 603374AH2<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |    10745000 | PA      | $11806541.53   | 0.06%             | 2033-09-13      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| MERCER INTERNATIONAL INC                                                     | MERCER INTERNATIONAL INC 144A LIFE SR UNSEC 12.875% 10-01-28                                    | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | CA        |     6085000 | PA      | $5545297.01    | 0.03%             | 2028-10-01      | Fixed         | 12.88%                | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                        | MINERAL RESOURCES LTD 144A LIFE SR UNSEC 9.25% 10-01-28                                         | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     8230000 | PA      | $8633755.57    | 0.04%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                  | MEXICO GOVERNMENT INTERNATIONAL BOND 6.0% 05-07-36                                              | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    12140000 | PA      | $12438644.00   | 0.06%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                  | MEXICO GOVERNMENT INTERNATIONAL BOND 6.4% 05-07-54                                              | CUSIP: 91087BBA7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     5000000 | PA      | $4897550.00    | 0.02%             | 2054-05-07      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY OPERATING LLC                                                     | NGL ENERGY OPERATING LLC 144A LIFE SR SEC 1ST LIEN 8.125% 02-15-29                              | CUSIP: 62922LAC2<br>LEI: 5493008CQD36WWZJ3O79 | Long             | DBT              | CORP              | US        |     1812000 | PA      | $1859208.04    | 0.01%             | 2029-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| NGL ENERGY OPERATING LLC                                                     | NGL ENERGY OPERATING LLC 144A LIFE SR SEC 1ST LIEN 8.375% 02-15-32                              | CUSIP: 62922LAD0<br>LEI: 5493008CQD36WWZJ3O79 | Long             | DBT              | CORP              | US        |     4260000 | PA      | $4368868.56    | 0.02%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                        | NABORS INDUSTRIES INC 144A LIFE SR UNSEC 8.875% 08-15-31                                        | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     5443000 | PA      | $5073257.01    | 0.02%             | 2031-08-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                            | NEWELL BRANDS INC SR UNSEC 6.375% 05-15-30                                                      | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     5675000 | PA      | $5636949.13    | 0.03%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                            | NEWELL BRANDS INC SR UNSEC 6.625% 05-15-32                                                      | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    11670000 | PA      | $11546391.36   | 0.06%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| NFE FINANCING LLC                                                            | NFE FINANCING LLC 144A LIFE SR SEC 1ST LIEN 12.0% 11-15-29                                      | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    67714508 | PA      | $19975779.86   | 0.10%             | 2029-11-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                                 | NORFOLK SOUTHERN CORP SR UNSEC 5.1% 05-01-35                                                    | CUSIP: 655844CV8<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |      219000 | PA      | $223848.66     | 0.00%             | 2035-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                            | NEWELL BRANDS INC 144A LIFE SR UNSEC 8.5% 06-01-28                                              | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     1350000 | PA      | $1431318.60    | 0.01%             | 2028-06-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                                 | NAVIENT CORP SR UNSEC 7.875% 06-15-32                                                           | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     2595000 | PA      | $2733853.26    | 0.01%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO LTD                                                          | NISSAN MOTOR CO LTD 144A LIFE SR UNSEC 8.125% 07-17-35                                          | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |     9995000 | PA      | $10735829.40   | 0.05%             | 2035-07-17      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                            | NEWELL BRANDS INC SR UNSEC 7.125% 04-01-36                                                      | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    10570000 | PA      | $10533068.42   | 0.05%             | 2036-04-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                         | ONEMAIN FINANCE CORP SR UNSEC 6.5% 03-15-33                                                     | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     4000000 | PA      | $4011320.00    | 0.02%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                  | ORACLE CORP SR UNSEC 5.2% 09-26-35                                                              | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    10000000 | PA      | $10058870.00   | 0.05%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                  | ORACLE CORP SR UNSEC 5.95% 09-26-55                                                             | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     5000000 | PA      | $4988080.00    | 0.02%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                  | ORACLE CORP SR UNSEC 3.6% 04-01-50                                                              | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     5000000 | PA      | $3522320.00    | 0.02%             | 2050-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                  | ORACLE CORP SR UNSEC 3.95% 03-25-51                                                             | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     4145000 | PA      | $3084062.38    | 0.02%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| OXFORD FINANCE LLC                                                           | OXFORD FINANCE LLC 144A LIFE SR UNSEC 6.375% 02-01-27                                           | CUSIP: 69145LAC8<br>LEI: 549300LDNS0EYYWL5V49 | Long             | DBT              | CORP              | US        |     6055000 | PA      | $6059680.52    | 0.03%             | 2027-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                              | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 5.25% 02-13-34                                         | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     9950000 | PA      | $10278260.45   | 0.05%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PIRAEUS BANK SA                                                              | PIRAEUS BANK SA EUR REG S SR UNSEC (B) 5.0% 04-16-30/29                                         | CUSIP: N/A<br>LEI: 213800OYHR1MPQ5VJL60       | Long             | DBT              | CORP              | GR        |     2790000 | PA      | $3488045.06    | 0.02%             | 2030-04-16      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                             | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.401% 07-23-35/34                                    | CUSIP: 693475BZ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    20824000 | PA      | $21563293.65   | 0.11%             | 2035-07-23      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC AND GAS COMPANY                                      | PUBLIC SERVICE ELECTRIC AND GAS CO SR SEC 1ST LIEN 4.85% 08-01-34                               | CUSIP: 74456QCS3<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |     5303000 | PA      | $5356666.36    | 0.03%             | 2034-08-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| PERU (REPUBLIC OF)                                                           | PERUVIAN GOVERNMENT INTERNATIONAL BOND 5.875% 08-08-54                                          | CUSIP: 715638EC2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     6375000 | PA      | $6416437.50    | 0.03%             | 2054-08-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                            | POST HOLDINGS INC 144A LIFE SR UNSEC 6.375% 03-01-33                                            | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    25000000 | PA      | $25295225.00   | 0.12%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PG&E CORP                                                                    | PG&E CORP SUB (H) 7.375% 03-15-55/30                                                            | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    22562000 | PA      | $23219231.06   | 0.11%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                              | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 4.9% 11-01-34                                          | CUSIP: 718172DQ9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    18531000 | PA      | $18689236.21   | 0.09%             | 2034-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                             | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.575% 01-29-36/35                                    | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     3430000 | PA      | $3580168.83    | 0.02%             | 2036-01-29      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                                                  | PAYCHEX INC SR UNSEC 5.6% 04-15-35                                                              | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |     1644000 | PA      | $1722065.34    | 0.01%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO                                                          | PROCTER & GAMBLE CO SR UNSEC 4.6% 05-01-35                                                      | CUSIP: 742718GN3<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |     3765000 | PA      | $3823696.35    | 0.02%             | 2035-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                              | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 4.875% 04-30-35                                        | CUSIP: 718172DU0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     1163000 | PA      | $1164266.51    | 0.01%             | 2035-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL SA                                                                | PLUSPETROL SA 144A LIFE SR UNSEC 8.5% 05-30-32                                                  | CUSIP: 72942BAA3<br>LEI: 254900QSCHBUBX6J6H71 | Long             | DBT              | CORP              | AR        |    13817000 | PA      | $13817000.00   | 0.07%             | 2032-05-30      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| PERU (REPUBLIC OF)                                                           | PERUVIAN GOVERNMENT INTERNATIONAL BOND 5.5% 03-30-36                                            | CUSIP: 715638FC1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     9655000 | PA      | $9850513.75    | 0.05%             | 2036-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PARTY CITY HOLDINGS INC                                                      | PARTY CITY 2L TRUST ESCROW 0.0% 08-27-30                                                        | CUSIP: 702ESCAK0<br>LEI: 5493005PYM1JS6EZN307 | Long             | DBT              | CORP              | US        |     2594172 | PA      | $51883.44      | 0.00%             | 2030-08-27      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| PETROLEOS MEXICANOS                                                          | PETROLEOS MEXICANOS SR UNSEC 4.5% 01-23-26                                                      | CUSIP: 71654QBW1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2188000 | PA      | $2176607.08    | 0.01%             | 2026-01-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                          | PETROLEOS MEXICANOS SR UNSEC 6.75% 09-21-47                                                     | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     1406000 | PA      | $1161258.99    | 0.01%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                                                              | CATERPILLAR INC SR UNSEC 5.2% 05-15-35                                                          | CUSIP: 149123CL3<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |     4018000 | PA      | $4158642.05    | 0.02%             | 2035-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                                        | CIVITAS RESOURCES INC 144A LIFE SR UNSEC 9.62% 06-15-33                                         | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     7899000 | PA      | $8349298.29    | 0.04%             | 2033-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE LLC                                                  | CRESCENT ENERGY FINANCE LLC 144A LIFE SR UNSEC 8.375% 01-15-34                                  | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     4705000 | PA      | $4771189.94    | 0.02%             | 2034-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CAIXABANK SA                                                                 | CAIXABANK SA 144A LIFE SR NON PREF 5.581% 07-03-36/35                                           | CUSIP: 12803RAM6<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    12609000 | PA      | $12921766.25   | 0.06%             | 2036-07-03      | Variable      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                                                           | CONAGRA BRANDS INC SR UNSEC 5.75% 08-01-35                                                      | CUSIP: 205887CL4<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |     4337000 | PA      | $4418201.65    | 0.02%             | 2035-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTERPRISES PTE LTD                                        | PFIZER INVESTMENT ENTERPRISES PTE LTD SR UNSEC 4.75% 05-19-33                                   | CUSIP: 716973AE2<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |     5109000 | PA      | $5163017.46    | 0.03%             | 2033-05-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTERPRISES PTE LTD                                        | PFIZER INVESTMENT ENTERPRISES PTE LTD SR UNSEC 5.11% 05-19-43                                   | CUSIP: 716973AF9<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    20000000 | PA      | $19393300.00   | 0.09%             | 2043-05-19      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTERPRISES PTE LTD                                        | PFIZER INVESTMENT ENTERPRISES PTE LTD SR UNSEC 5.3% 05-19-53                                    | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    12206000 | PA      | $11804093.04   | 0.06%             | 2053-05-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 1.875% 02-15-41                                                     | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   176283300 | PA      | $123996862.32  | 0.60%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 0.125% 02-15-51                              | CUSIP: 912810SV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   415733142 | PA      | $230537045.79  | 1.12%             | 2051-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 2.25% 05-15-41                                                      | CUSIP: 912810SY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    98018000 | PA      | $72680082.35   | 0.35%             | 2041-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DC3459 09-01-54                                                                   | CUSIP: 3140AQZZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     6034189 | PA      | $6170609.56    | 0.03%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DC3262 09-01-54                                                                   | CUSIP: 3140AQTU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    11737582 | PA      | $12004001.49   | 0.06%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 0.875% 09-30-26                                                     | CUSIP: 91282CCZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1046500 | PA      | $1017680.33    | 0.00%             | 2026-09-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 2.75% 08-15-32                                                      | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3174000 | PA      | $2951200.12    | 0.01%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 CC0879 08-01-55                                                                   | CUSIP: 3140Y66R6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    57787285 | PA      | $59610069.40   | 0.29%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HTL 2024-T53                                                                 | HTL 2024-T53 D 144A FRN 05-10-39                                                                | CUSIP: 404300AG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2795000 | PA      | $2871837.35    | 0.01%             | 2039-05-10      | Variable      | 8.47%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.125% 10-31-27                                                     | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      954000 | PA      | $963754.75     | 0.00%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.125% 11-15-32                                                     | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    17130000 | PA      | $17331411.11   | 0.08%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.625% 02-15-53                                                     | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    15719000 | PA      | $12996337.16   | 0.06%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.875% 02-15-43                                                     | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1690000 | PA      | $1534064.88    | 0.01%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.625% 03-31-28                                                     | CUSIP: 91282CGT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3155500 | PA      | $3156607.90    | 0.02%             | 2028-03-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.75% 11-15-53                                                      | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    13637000 | PA      | $13661477.05   | 0.07%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HTL 2024-T53                                                                 | HTL 2024-T53 C 144A FRN 05-10-39                                                                | CUSIP: 404300AE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      945000 | PA      | $964067.27     | 0.00%             | 2039-05-10      | Variable      | 7.32%                 | Yes           |                  2 | On Loan: No      |
| HY 2025-SPRL                                                                 | HY 2025-SPRL E 144A FRN 01-13-40                                                                | CUSIP: 44855PAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     5499000 | PA      | $5706603.75    | 0.03%             | 2040-01-13      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.75% 11-15-43                                                      | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    20623000 | PA      | $20846928.66   | 0.10%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.375% 11-30-28                                                     | CUSIP: 91282CJN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2439000 | PA      | $2492010.69    | 0.01%             | 2028-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HOUSTON GALLERIA MALL TRUST 2025-HGLR                                        | HGMT 2025-HGLR A 144A FRN 02-05-45                                                              | CUSIP: 44216XAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    50042000 | PA      | $51839108.30   | 0.25%             | 2045-02-05      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| HHT 2025-MAUI                                                                | HHT 2025-MAUI E 144A FRN 03-15-42                                                               | CUSIP: 419909AJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     6366000 | PA      | $6247051.29    | 0.03%             | 2042-03-15      | Variable      | 7.44%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.25% 01-31-26                                                      | CUSIP: 91282CJV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      940500 | PA      | $941271.49     | 0.00%             | 2026-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.0% 01-31-29                                                       | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     9985500 | PA      | $10094830.24   | 0.05%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.0% 02-15-34                                                       | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    29260000 | PA      | $29187994.07   | 0.14%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.25% 02-15-54                                                      | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   217957500 | PA      | $201170326.17  | 0.98%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.5% 02-15-44                                                       | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1315000 | PA      | $1286231.09    | 0.01%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 2.125% 02-15-54                              | CUSIP: 912810TY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    64924368 | PA      | $59951047.92   | 0.29%             | 2054-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.125% 03-31-29                                                     | CUSIP: 91282CKG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2796500 | PA      | $2839434.38    | 0.01%             | 2029-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.625% 04-30-29                                                     | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     9774000 | PA      | $10086369.22   | 0.05%             | 2029-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.375% 05-15-34                                                     | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2621000 | PA      | $2681815.33    | 0.01%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.625% 05-15-54                                                     | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    15499000 | PA      | $15226391.19   | 0.07%             | 2054-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HHT 2025-MAUI                                                                | HHT 2025-MAUI C 144A FRN 03-15-42                                                               | CUSIP: 419909AE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1407000 | PA      | $1411479.89    | 0.01%             | 2042-03-15      | Variable      | 6.19%                 | Yes           |                  2 | On Loan: No      |
| HHT 2025-MAUI                                                                | HHT 2025-MAUI D 144A FRN 03-15-42                                                               | CUSIP: 419909AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2716000 | PA      | $2727562.01    | 0.01%             | 2042-03-15      | Variable      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| IHSFR 2024-SFR1                                                              | IHSFR 2024-SFR1 D 144A 4.25% 09-17-41                                                           | CUSIP: 46188DAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      435000 | PA      | $418983.30     | 0.00%             | 2041-09-17      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| IHSFR 2024-SFR1                                                              | IHSFR 2024-SFR1 F 144A 4.5% 09-17-41                                                            | CUSIP: 46188DAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2038000 | PA      | $1904227.72    | 0.01%             | 2041-09-17      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| IHSFR 2024-SFR1                                                              | IHSFR 2024-SFR1 E 144A 4.5% 09-17-41                                                            | CUSIP: 46188DAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1161000 | PA      | $1105355.59    | 0.01%             | 2041-09-17      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| INTOWN MORTGAGE TRUST TOWN_25-STAY                                           | TOWN 2025-STAY D 144A FRN 03-15-42                                                              | CUSIP: 46117WAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     5000000 | PA      | $5007030.00    | 0.02%             | 2042-03-15      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| INTOWN MORTGAGE TRUST TOWN_25-STAY                                           | TOWN 2025-STAY C 144A FRN 03-15-42                                                              | CUSIP: 46117WAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3000000 | PA      | $3000894.00    | 0.01%             | 2042-03-15      | Variable      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST JPMCC_22-OPO            | JPMCC 2022-OPO A 144A 3.0242% 01-05-39                                                          | CUSIP: 46655AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3420000 | PA      | $3083680.62    | 0.02%             | 2039-01-05      | Fixed         | 3.02%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST JPMCC_22-OPO            | JPMCC 2022-OPO C 144A FRN 01-05-39                                                              | CUSIP: 46655AAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1598000 | PA      | $1334863.73    | 0.01%             | 2039-01-05      | Variable      | 3.45%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST JPMCC_22-OPO            | JPMCC 2022-OPO B 144A 3.3765% 01-05-39                                                          | CUSIP: 46655AAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2925000 | PA      | $2582207.55    | 0.01%             | 2039-01-05      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                           | ROCHE HOLDINGS INC 144A LIFE SR UNSEC 4.592% 09-09-34                                           | CUSIP: 771196CQ3<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |     2272000 | PA      | $2272677.06    | 0.01%             | 2034-09-09      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                  | ROYAL CARIBBEAN CRUISES LTD 144A LIFE SR UNSEC 5.625% 09-30-31                                  | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    13735000 | PA      | $14015152.80   | 0.07%             | 2031-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST JPMMT_24-CES1                                       | JPMMT 2024-CES1 M1 144A 6.596% 06-25-54                                                         | CUSIP: 46658CAF8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      466000 | PA      | $470831.95     | 0.00%             | 2054-06-25      | Variable      | 6.60%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST JPMMT_24-CES1                                       | JPMMT 2024-CES1 A3 144A 6.397% 06-25-54                                                         | CUSIP: 46658CAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      576000 | PA      | $582541.63     | 0.00%             | 2054-06-25      | Variable      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE SA                                                      | RAIZEN FUELS FINANCE SA 144A LIFE SR UNSEC 6.7% 02-25-37                                        | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    12695000 | PA      | $12345887.50   | 0.06%             | 2037-02-25      | Fixed         | 6.70%                 | Yes           |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                       | ROPER TECHNOLOGIES INC SR UNSEC 5.1% 09-15-35                                                   | CUSIP: 776696AM8<br>LEI: 549300LJXD867XMVE759 | Long             | DBT              | CORP              | US        |    11055000 | PA      | $11148447.92   | 0.05%             | 2035-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAPITAL MARKETS US LLC                                            | REPSOL E&P CAPITAL MARKETS US LLC 144A LIFE SR UNSEC 5.976% 09-16-35                            | CUSIP: 76026AAC1<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |     7708000 | PA      | $7856617.95    | 0.04%             | 2035-09-16      | Fixed         | 5.98%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                  | ROYAL CARIBBEAN CRUISES LTD SR UNSEC 5.375% 01-15-36                                            | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |     4643000 | PA      | $4671870.17    | 0.02%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JW 2024-BERY                                                                 | JW 2024-BERY A 144A FRN 11-15-39                                                                | CUSIP: 46676AAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    10359000 | PA      | $10390097.72   | 0.05%             | 2039-11-15      | Variable      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| GWT 2024-WOLF                                                                | GWT 2024-WOLF A 144A FRN 03-15-39                                                               | CUSIP: 39152MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      896000 | PA      | $898731.01     | 0.00%             | 2039-03-15      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| KSL 2024-HT2                                                                 | KSL 2024-HT2 D 144A FRN 12-15-39                                                                | CUSIP: 500937AG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3000000 | PA      | $3004104.00    | 0.01%             | 2039-12-15      | Variable      | 7.44%                 | Yes           |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OHIO PORT AUTH                                       | UNITED STATES OF AMERICA 4.425% 05-01-31                                                        | CUSIP: 18611CAA4<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    47110000 | PA      | $42492513.35   | 0.21%             | 2031-05-01      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                            | CHICAGO BOARD OF EDUCATION 7.0% 12-01-44                                                        | CUSIP: 167505QY5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |      100000 | PA      | $100029.30     | 0.00%             | 2044-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH                                                  | CALIFORNIA MUNICIPAL FINANCE AUTHORITY COMMUNITY FACILITIES DISTRICT NO 2022-27 7.25% 09-01-39  | CUSIP: 13051AHL5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     2275000 | PA      | $2290890.88    | 0.01%             | 2039-09-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                            | CHICAGO BOARD OF EDUCATION 7.0% 12-01-46                                                        | CUSIP: 167505RM0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |     1780000 | PA      | $1813214.80    | 0.01%             | 2046-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                            | CHICAGO BOARD OF EDUCATION 6.138% 12-01-39                                                      | CUSIP: 167505KH8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |     2645000 | PA      | $2517127.48    | 0.01%             | 2039-12-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                            | CHICAGO BOARD OF EDUCATION 6.519% 12-01-40                                                      | CUSIP: 167505NH5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |      960000 | PA      | $917671.68     | 0.00%             | 2040-12-01      | Fixed         | 6.52%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                            | CHICAGO BOARD OF EDUCATION 6.319% 11-01-29                                                      | CUSIP: 167505NG7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |      555000 | PA      | $550243.10     | 0.00%             | 2029-11-01      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| STATE BOARD OF ADMINISTRATION FINANCE CORP                                   | FLORIDA HURRICANE CATASTROPHE FUND 2.154% 07-01-30                                              | CUSIP: 341271AF1<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |    14910000 | PA      | $13650507.57   | 0.07%             | 2030-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION CORP                                     | GOLDEN STATE TOBACCO SECURITIZATION CORP 3.487% 06-01-36                                        | CUSIP: 38122ND41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     4470000 | PA      | $3808073.46    | 0.02%             | 2036-06-01      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION CORP                                     | GOLDEN STATE TOBACCO SECURITIZATION CORP 3.714% 06-01-41                                        | CUSIP: 38122ND58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     6710000 | PA      | $5270416.47    | 0.03%             | 2041-06-01      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER & EXPOSITION AUTH (HYATT REGENCY MCCORMICK PL)             | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND AG-CR 0.0% 12-15-56                    | CUSIP: 592250DD3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    13690000 | PA      | $2902129.41    | 0.01%             | 2056-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS EDL FING AUTH                                                  | MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY 6.352% 07-01-49                                   | CUSIP: 57563RTX7<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    30470000 | PA      | $31658147.18   | 0.15%             | 2049-07-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                                    | STATE OF NEW JERSEY NATL 7.425% 02-15-29                                                        | CUSIP: 645913AA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |      987000 | PA      | $1037853.20    | 0.01%             | 2029-02-15      | Fixed         | 7.42%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                 | CITY OF NEW YORK NY 6.291% 02-01-45                                                             | CUSIP: 64966SNH5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    17955000 | PA      | $19170481.68   | 0.09%             | 2045-02-01      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                 | CITY OF NEW YORK NY 6.385% 02-01-55                                                             | CUSIP: 64966SNJ1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    35910000 | PA      | $38419283.07   | 0.19%             | 2055-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY WISCONSIN                                           | PUBLIC FINANCE AUTHORITY 0.0% 12-17-61                                                          | CUSIP: 74446UAB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    11375000 | PA      | $11375000.00   | 0.06%             | 2061-12-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                     | COMMONWEALTH OF PUERTO RICO 0.0% 07-01-33                                                       | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     1473414 | PA      | $1054118.68    | 0.01%             | 2033-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                  | ROYAL CARIBBEAN CRUISES LTD 144A LIFE SR UNSEC 5.5% 04-01-28                                    | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |     5000000 | PA      | $5098320.00    | 0.02%             | 2028-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                  | ROYAL CARIBBEAN CRUISES LTD 144A LIFE SR UNSEC 4.25% 07-01-26                                   | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    16160000 | PA      | $16151225.12   | 0.08%             | 2026-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                     | COMMONWEALTH OF PUERTO RICO 5.625% 07-01-27                                                     | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     1263584 | PA      | $1308256.75    | 0.01%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                     | COMMONWEALTH OF PUERTO RICO 4.0% 07-01-46                                                       | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     1248931 | PA      | $1079423.59    | 0.01%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                     | COMMONWEALTH OF PUERTO RICO 4.0% 07-01-41                                                       | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     1200913 | PA      | $1076593.29    | 0.01%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                     | COMMONWEALTH OF PUERTO RICO 4.0% 07-01-35                                                       | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     1029138 | PA      | $1004607.47    | 0.00%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                     | COMMONWEALTH OF PUERTO RICO 4.0% 07-01-37                                                       | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |      883270 | PA      | $839072.94     | 0.00%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT)                                     | COMMONWEALTH OF PUERTO RICO 4.0% 07-01-33                                                       | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     1144927 | PA      | $1132919.01    | 0.01%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                          | EUR FWD SALE TO USD 10/9/2025                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $3928.55       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | EUR FWD SALE TO USD 10/10/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-3245.88      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                           | ROCHE HOLDINGS INC 144A LIFE SR UNSEC 2.607% 12-13-51                                           | CUSIP: 771196BY7<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |     9473000 | PA      | $5892689.12    | 0.03%             | 2051-12-13      | Fixed         | 2.61%                 | Yes           |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                                         | RANGE RESOURCES CORP 144A LIFE SR UNSEC 4.75% 02-15-30                                          | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |     1242000 | PA      | $1215795.04    | 0.01%             | 2030-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                          | EUR FWD PUR FROM GBP 10/16/2025                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $1513988.82    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | SEK FWD PUR FROM USD 10/8/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-920072.53    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | THB FWD SALE TO USD 10/16/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $4936190.89    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | THB FWD SALE TO USD 10/16/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $4973385.74    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RTX CORP                                                                     | RTX CORP SR UNSEC 5.375% 02-27-53                                                               | CUSIP: 75513ECS8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    11296000 | PA      | $11058998.62   | 0.05%             | 2053-02-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                           | ROCHE HOLDINGS INC 144A LIFE SR UNSEC 5.593% 11-13-33                                           | CUSIP: 771196CH3<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |     4971000 | PA      | $5340573.97    | 0.03%             | 2033-11-13      | Fixed         | 5.59%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                          | THB FWD PUR FROM USD 10/16/2025                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-368622.39    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZAR FWD SALE TO USD 10/8/2025                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-836554.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                          | ZAR FWD PUR FROM USD 10/8/2025                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | NUSS              | N/A       |           1 | NC      | $-48548.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                                               | STARBUCKS CORP SR UNSEC 5.0% 02-15-34                                                           | CUSIP: 855244BJ7<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |     5061000 | PA      | $5169649.55    | 0.03%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                    | SUNOCO LP 144A LIFE SR UNSEC 7.0% 05-01-29                                                      | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     3697000 | PA      | $3830594.79    | 0.02%             | 2029-05-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                                    | SUNOCO LP 144A LIFE SR UNSEC 7.25% 05-01-32                                                     | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     4281000 | PA      | $4495996.10    | 0.02%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                     | SERVICE PROPERTIES TRUST SR UNSEC 8.375% 06-15-29                                               | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    12530000 | PA      | $12733361.90   | 0.06%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                     | SERVICE PROPERTIES TRUST SR UNSEC 8.875% 06-15-32                                               | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     5930000 | PA      | $5968509.42    | 0.03%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| STERIGENICS-NORDION HOLDINGS LLC                                             | SOTERA HEALTH HOLDINGS LLC 144A LIFE SR SEC 1ST LIEN 7.375% 06-01-31                            | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |     7800000 | PA      | $8199890.40    | 0.04%             | 2031-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDINGS LLC                                                | SUMMIT MIDSTREAM HOLDINGS LLC 144A LIFE SR SEC 1ST LIEN 8.625% 10-31-29                         | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2840000 | PA      | $2856222.08    | 0.01%             | 2029-10-31      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                      | SIMON PROPERTY GROUP LP SR UNSEC 4.75% 09-26-34                                                 | CUSIP: 828807DY0<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |     5055000 | PA      | $5027470.47    | 0.02%             | 2034-09-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_22-DNA5                                  | STACR 2022-DNA5 M1A 144A FRN 06-25-42                                                           | CUSIP: 35564KYN3<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-CBDO         | CORP              | US        |      612545 | PA      | $624896.37     | 0.00%             | 2042-06-25      | Variable      | 7.31%                 | Yes           |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-DNA6                                  | STACR 2022-DNA6 M1B 144A FRN 09-25-42                                                           | CUSIP: 35564KH44<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-CBDO         | CORP              | US        |     3344000 | PA      | $3516537.02    | 0.02%             | 2042-09-25      | Variable      | 8.06%                 | Yes           |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-DNA6                                  | STACR 2022-DNA6 M1A 144A FRN 09-25-42                                                           | CUSIP: 35564KH36<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-CBDO         | CORP              | US        |      326153 | PA      | $328032.15     | 0.00%             | 2042-09-25      | Variable      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC - STACR_20-DNA4                                                  | STACR 2020-DNA4 B2 144A FRN 08-25-50                                                            | CUSIP: 35565XBE9<br>LEI: 5493000ITFTMJUMPDE35 | Long             | ABS-CBDO         | CORP              | US        |    10954000 | PA      | $14694571.92   | 0.07%             | 2050-08-25      | Variable      | 14.47%                | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC - STACR 2020-DNA3                                                | STACR 2020-DNA3 B2 144A FRN 06-25-50                                                            | CUSIP: 35565WBE1<br>LEI: 5493000ITGOA1OPGRQ72 | Long             | ABS-CBDO         | CORP              | US        |     8240000 | PA      | $10755367.12   | 0.05%             | 2050-06-25      | Variable      | 13.82%                | Yes           |                  2 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST SFO_21-555                                     | SFO 2021-555 A 144A 5.29748% 05-15-38                                                           | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     6645000 | PA      | $6602591.61    | 0.03%             | 2038-05-15      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| STORAGEMART COMMERCIAL MORTGAGE TRUST SMRT_22-MINI                           | SMRT 2022-MINI E 144A FRN 01-15-39                                                              | CUSIP: 78457JAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2000000 | PA      | $1984500.00    | 0.01%             | 2039-01-15      | Variable      | 6.85%                 | Yes           |                  2 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST SFO_21-555                                     | SFO 2021-555 B 144A FRN 05-15-38                                                                | CUSIP: 78432WAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2631000 | PA      | $2609899.38    | 0.01%             | 2038-05-15      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST SFO_21-555                                     | SFO 2021-555 C 144A FRN 05-15-38                                                                | CUSIP: 78432WAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1910000 | PA      | $1892649.56    | 0.01%             | 2038-05-15      | Variable      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_18-DNA3                                  | STACR 2018-DNA3 B2 144A FRN 09-25-48                                                            | CUSIP: 35563WBE3<br>LEI: 549300BL200YC56BUV20 | Long             | ABS-CBDO         | CORP              | US        |     4500000 | PA      | $5207670.00    | 0.03%             | 2048-09-25      | Variable      | 12.22%                | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC - STACR 2020-DNA2                                                | STACR 2020-DNA2 B2 144A FRN 02-25-50                                                            | CUSIP: 35565KBE7<br>LEI: 5493007ZK0X40BI7UF30 | Long             | ABS-CBDO         | CORP              | US        |     5000000 | PA      | $5469395.00    | 0.03%             | 2050-02-25      | Variable      | 9.27%                 | Yes           |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_20-DNA6                                  | STACR 2020-DNA6 B2 144A FRN 12-25-50                                                            | CUSIP: 35566CBE4<br>LEI: 5493000ITBQFEOXM0S98 | Long             | ABS-CBDO         | CORP              | US        |     1500000 | PA      | $1730871.00    | 0.01%             | 2050-12-25      | Variable      | 10.01%                | Yes           |                  2 | On Loan: No      |
| SDR 2024-DSNY                                                                | SDR 2024-DSNY A 144A FRN 05-15-39                                                               | CUSIP: 811304AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    35395000 | PA      | $35348597.16   | 0.17%             | 2039-05-15      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC - STACR 2020-DNA1                                                | STACR 2020-DNA1 B2 144A FRN 01-25-50                                                            | CUSIP: 35565HBE4<br>LEI: 5493003FQV7GR462GO02 | Long             | ABS-CBDO         | CORP              | US        |     7000000 | PA      | $7801500.00    | 0.04%             | 2050-01-25      | Variable      | 9.72%                 | Yes           |                  2 | On Loan: No      |
| STACR 2024-DNA2                                                              | STACR 2024-DNA2 A1 144A FRN 05-25-44                                                            | CUSIP: 35564NCW1<br>LEI: 529900GRKKKHILZX4347 | Long             | ABS-CBDO         | CORP              | US        |     9087931 | PA      | $9138760.01    | 0.04%             | 2044-05-25      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_20-HQA1                                  | STACR 2020-HQA1 B2 144A FRN 01-25-50                                                            | CUSIP: 35565JBE0<br>LEI: 549300TCRXCIFPAC3B85 | Long             | ABS-CBDO         | CORP              | US        |     4970000 | PA      | $5465538.82    | 0.03%             | 2050-01-25      | Variable      | 9.57%                 | Yes           |                  2 | On Loan: No      |
| STACR 2015-DNA3                                                              | STACR 2015-DNA3 B FRN 04-25-28                                                                  | CUSIP: 3137G0GZ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3128065 | PA      | $3143564.29    | 0.02%             | 2028-04-25      | Variable      | 13.82%                | No            |                  2 | On Loan: No      |
| STACR 2020-HQA2                                                              | STACR 2020-HQA2 B2 144A FRN 03-25-50                                                            | CUSIP: 35565LBE5<br>LEI: 5493000ITBJ4KEFYWF83 | Long             | ABS-CBDO         | CORP              | US        |     3000000 | PA      | $3609087.00    | 0.02%             | 2050-03-25      | Variable      | 12.07%                | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 5.45% 03-01-35                                    | CUSIP: 842400JG9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1316513.90    | 0.01%             | 2035-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                                | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 5.9% 03-01-55                                     | CUSIP: 842400JH7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     1094000 | PA      | $1063222.50    | 0.01%             | 2055-03-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| STACR 2020-HQA4                                                              | STACR 2020-HQA4 B2 144A FRN 09-25-50                                                            | CUSIP: 35565RBE2<br>LEI: 5493000IT4TAVS1FNX06 | Long             | ABS-CBDO         | CORP              | US        |     2500000 | PA      | $3271410.00    | 0.02%             | 2050-09-25      | Variable      | 13.87%                | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2020-HQA5                                      | STACR 2020-HQA5 B2 144A FRN 11-25-50                                                            | CUSIP: 35565TBE8<br>LEI: 5493000IT2BRJ2Q9YQ96 | Long             | ABS-CBDO         | CORP              | US        |     5060000 | PA      | $6210330.28    | 0.03%             | 2050-11-25      | Variable      | 11.76%                | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-6                                    | AESOP 2023-6A D 144A 7.37% 12-20-29                                                             | CUSIP: 05377RJU9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      374000 | PA      | $385573.43     | 0.00%             | 2029-12-20      | Fixed         | 7.37%                 | Yes           |                  2 | On Loan: No      |
| AASET 2025-2A                                                                | AASET 2025-2A A 144A 5.522% 02-16-50                                                            | CUSIP: 00039NAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      749241 | PA      | $758554.08     | 0.00%             | 2050-02-16      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_22-4                       | ACAR 2022-4 E 144A 10.0% 01-14-30                                                               | CUSIP: 02529XAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1380000 | PA      | $1424684.40    | 0.01%             | 2030-01-14      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ACAR 2023-1                                                                  | ACAR 2023-1 E 144A 9.79% 12-12-29                                                               | CUSIP: 02530UAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      685000 | PA      | $709195.57     | 0.00%             | 2029-12-12      | Fixed         | 9.79%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_23-3                       | ACAR 2023-3 E 144A 9.54% 10-14-31                                                               | CUSIP: 02530EAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1715000 | PA      | $1802847.45    | 0.01%             | 2031-10-14      | Fixed         | 9.54%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_24-1                       | ACAR 2024-1 E 144A 7.98% 11-12-31                                                               | CUSIP: 02531AAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1271000 | PA      | $1313486.99    | 0.01%             | 2031-11-12      | Fixed         | 7.98%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_23-4                       | ACAR 2023-4 E 144A 9.79% 08-12-31                                                               | CUSIP: 02530CAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1715000 | PA      | $1822261.25    | 0.01%             | 2031-08-12      | Fixed         | 9.79%                 | Yes           |                  2 | On Loan: No      |
| AIMBRIDGE TOPCO LLC                                                          | AIMBRIDGE TOPCO LLC (DRS) (NOT LISTED OR TRADING)                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       37845 | NS      | $2930338.35    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| ENDO LP                                                                      | ENDO LP (NOT LISTED OR TRADING)                                                                 | CUSIP: 698ESCAA8<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     3000000 | NS      | $0.30          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ACAR 2024-2                                                                  | ACAR 2024-2 E 144A 7.87% 11-12-31                                                               | CUSIP: 02531BAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      827000 | PA      | $853804.72     | 0.00%             | 2031-11-12      | Fixed         | 7.87%                 | Yes           |                  2 | On Loan: No      |
| ARIVO ACCEPTANCE AUTO LOAN RECEIVABLES TRUST ARIVO_25-1                      | ARIVO 2025-1A B 144A 5.11% 11-17-31                                                             | CUSIP: 039962AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      414000 | PA      | $415388.56     | 0.00%             | 2031-11-17      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| ENDO LP                                                                      | ENDO LP (NOT LISTED OR TRADING)                                                                 | CUSIP: 292ESCB17<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      625000 | NS      | $0.06          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ENDO LP                                                                      | ENDO LP (NOT LISTED OR TRADING)                                                                 | CUSIP: 292ESCB09<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     2725000 | NS      | $0.27          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ENDO LP                                                                      | ENDO LP CL A1 144A (NOT LISTED OR TRADING)                                                      | CUSIP: 29281F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      314185 | NS      | $200292.94     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                                      | NEW FORTRESS ENERGY INC CL A (DRS)                                                              | CUSIP: 644393100<br>LEI: 254900EICTYTCHA5X705 | Long             | EC               | CORP              | US        |      327772 | NS      | $724376.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARIVO ACCEPTANCE AUTO LOAN RECEIVABLES TRUST ARIVO_25-1                      | ARIVO 2025-1A C 144A 5.42% 12-15-31                                                             | CUSIP: 039962AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      512000 | PA      | $513824.77     | 0.00%             | 2031-12-15      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| ARIVO ACCEPTANCE AUTO LOAN RECEIVABLES TRUST ARIVO_25-1                      | ARIVO 2025-1A E 144A 7.3% 10-15-32                                                              | CUSIP: 039962AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $503479.00     | 0.00%             | 2032-10-15      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| APEXC 2021-2A                                                                | APEXC 2021-2A A2R CLO 144A FRN 10-20-34                                                         | CUSIP: 03755QAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      789000 | PA      | $790514.88     | 0.00%             | 2034-10-20      | Variable      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| ARES 2022-65A                                                                | ARES 2022-65A CR CLO 144A FRN 07-25-34                                                          | CUSIP: 04019FAS6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      909000 | PA      | $911327.04     | 0.00%             | 2034-07-25      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| AFRMT 2025-3A                                                                | AFRMT 2025-3A E 144A 6.8% 10-16-34                                                              | CUSIP: 00833BAS7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5000000 | PA      | $4989610.00    | 0.02%             | 2034-10-16      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| AFRMT 2025-3A                                                                | AFRMT 2025-3A C 144A 4.89% 10-16-34                                                             | CUSIP: 00833BAQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1704000 | PA      | $1703684.76    | 0.01%             | 2034-10-16      | Fixed         | 4.89%                 | Yes           |                  2 | On Loan: No      |
| NMG PARENT LLC                                                               | NMG PARENT LLC (ESCROW) (NOT LISTED OR TRADING)                                                 | CUSIP: 629ESC039<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         967 | NS      | $0.00          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AFFRM 2024-A                                                                 | AFFRM 2024-A A 144A 5.61% 02-15-29                                                              | CUSIP: 00834BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      849000 | PA      | $852981.81     | 0.00%             | 2029-02-15      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| AFRMT 2025-3A                                                                | AFRMT 2025-3A A 144A 4.45% 10-16-34                                                             | CUSIP: 00833BAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      694000 | PA      | $693695.33     | 0.00%             | 2034-10-16      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| AFRMT 2025-3A                                                                | AFRMT 2025-3A B 144A 4.75% 10-16-34                                                             | CUSIP: 00833BAP3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      423000 | PA      | $422888.75     | 0.00%             | 2034-10-16      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ALLEG 2019-2A                                                                | ALLEG 2019-2A CR CLO 144A FRN 01-19-33                                                          | CUSIP: 01750HAW2<br>LEI: 2549008FHFGEJOVBP855 | Long             | ABS-O            | CORP              | US        |     1500000 | PA      | $1503735.00    | 0.01%             | 2033-01-19      | Variable      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-2                                                                  | ACAR 2024-2 B 144A 6.1% 12-13-27                                                                | CUSIP: 02531BAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      513296 | PA      | $513647.99     | 0.00%             | 2027-12-13      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST BHG_21-A                                            | BHG 2021-A B 144A 2.79% 11-17-33                                                                | CUSIP: 08861YAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4000000 | PA      | $3920936.00    | 0.02%             | 2033-11-17      | Fixed         | 2.79%                 | Yes           |                  2 | On Loan: No      |
| BLACKBIRD CAPITAL AIRCRAFT LEASE BBIRD_21-1                                  | BBIRD 2021-1A B 144A 3.446% 07-15-46                                                            | CUSIP: 09229CAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1257204 | PA      | $1199773.86    | 0.01%             | 2046-07-15      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST BHG_21-B                                            | BHG 2021-B C 144A 2.24% 10-17-34                                                                | CUSIP: 08862BAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     8400000 | PA      | $8071686.00    | 0.04%             | 2034-10-17      | Fixed         | 2.24%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST BHG_21-B                                            | BHG 2021-B B 144A 1.67% 10-17-34                                                                | CUSIP: 08862BAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4580573 | PA      | $4513531.74    | 0.02%             | 2034-10-17      | Fixed         | 1.67%                 | Yes           |                  2 | On Loan: No      |
| BLUEMOUNTAIN CLO LTD BLUEM_14-2A                                             | BLUEM 2014-2A CR2 CLO 144A FRN 10-20-30                                                         | CUSIP: 09626QBE6<br>LEI: 549300NUS8PQQUZMPR50 | Long             | ABS-O            | CORP              | KY        |      700000 | PA      | $703220.70     | 0.00%             | 2030-10-20      | Variable      | 6.79%                 | Yes           |                  2 | On Loan: No      |
| BARINGS MIDDLE MARKET CLO BMM_21-I                                           | BMM 2021-IA A1 CLO 144A FRN 07-20-33                                                            | CUSIP: 06760WAC0<br>LEI: 549300NSFWDKJE15UK02 | Long             | ABS-O            | CORP              | US        |     3500000 | PA      | $3502562.00    | 0.02%             | 2033-07-20      | Variable      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| SNAP INC                                                                     | SNAP INC 144A LIFE SR UNSEC 6.875% 03-01-33                                                     | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     6125000 | PA      | $6267124.50    | 0.03%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| VAIL RESORTS INC                                                             | VAIL RESORTS INC 144A LIFE SR UNSEC 5.625% 07-15-30                                             | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |     1735000 | PA      | $1746928.13    | 0.01%             | 2030-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                            | LADAR 2023-2A B 144A 5.45% 04-15-28                                                             | CUSIP: 505713AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      510000 | PA      | $512235.84     | 0.00%             | 2028-04-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-3                                        | LADAR 2023-3A D 144A 6.92% 12-16-30                                                             | CUSIP: 50168BAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      334000 | PA      | $346350.32     | 0.00%             | 2030-12-16      | Fixed         | 6.92%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-2                                                                  | ACAR 2024-2 D 144A 6.53% 04-12-30                                                               | CUSIP: 02531BAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2398000 | PA      | $2460520.66    | 0.01%             | 2030-04-12      | Fixed         | 6.53%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2024-A                                                                 | AFFRM 2024-A 1A 144A 5.61% 02-15-29                                                             | CUSIP: 00834BAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      834000 | PA      | $837911.46     | 0.00%             | 2029-02-15      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                           | VENTURE GLOBAL PLAQUEMINES LNG LLC 144A LIFE SR SEC 1ST LIEN 6.5% 01-15-34                      | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     8095000 | PA      | $8526317.79    | 0.04%             | 2034-01-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                           | VENTURE GLOBAL PLAQUEMINES LNG LLC 144A LIFE SR SEC 1ST LIEN 6.75% 01-15-36                     | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     6025000 | PA      | $6403382.05    | 0.03%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2024-B                                                                 | AFFRM 2024-B A 144A 4.62% 09-15-29                                                              | CUSIP: 00835AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      904000 | PA      | $907581.65     | 0.00%             | 2029-09-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| AVCCT 2024-2A                                                                | AVCCT 2024-2A A 144A 5.38% 05-15-29                                                             | CUSIP: 05351KAK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2132000 | PA      | $2137310.81    | 0.01%             | 2029-05-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-3                                        | LADAR 2023-3A B 144A 6.09% 06-15-28                                                             | CUSIP: 50168BAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      586000 | PA      | $593967.84     | 0.00%             | 2028-06-15      | Fixed         | 6.09%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-3                                        | LADAR 2023-3A C 144A 6.43% 12-15-28                                                             | CUSIP: 50168BAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      493000 | PA      | $504997.16     | 0.00%             | 2028-12-15      | Fixed         | 6.43%                 | Yes           |                  2 | On Loan: No      |
| AVCCT 2024-2A                                                                | AVCCT 2024-2A D 144A 8.98% 05-15-29                                                             | CUSIP: 05351KAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     7000000 | PA      | $7089551.00    | 0.03%             | 2029-05-15      | Fixed         | 8.98%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-4                                                                  | ACAR 2024-4 C 144A 4.91% 08-12-31                                                               | CUSIP: 024945AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      102000 | PA      | $102534.07     | 0.00%             | 2031-08-12      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-1A                                                                | LADAR 2024-1A B 144A 5.33% 02-15-29                                                             | CUSIP: 501689AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      447000 | PA      | $454334.82     | 0.00%             | 2029-02-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-1A                                                                | LADAR 2024-1A D 144A 6.15% 06-16-31                                                             | CUSIP: 501689AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      333000 | PA      | $344427.89     | 0.00%             | 2031-06-16      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-1A                                                                | LADAR 2024-1A C 144A 5.64% 06-15-29                                                             | CUSIP: 501689AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      541000 | PA      | $553690.78     | 0.00%             | 2029-06-15      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_24-2                                        | LADAR 2024-2A D 144A 6.37% 10-15-31                                                             | CUSIP: 505920AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      149000 | PA      | $154214.11     | 0.00%             | 2031-10-15      | Fixed         | 6.37%                 | Yes           |                  2 | On Loan: No      |
| ACHV 2024-3AL                                                                | ACHV 2024-3AL C 144A 5.68% 12-26-31                                                             | CUSIP: 00092KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      158079 | PA      | $159719.11     | 0.00%             | 2031-12-26      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| ACHV 2024-3AL                                                                | ACHV 2024-3AL B 144A 5.45% 12-26-31                                                             | CUSIP: 00092KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      279825 | PA      | $282642.34     | 0.00%             | 2031-12-26      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A                                                                | LADAR 2024-3A C 144A 4.93% 03-15-30                                                             | CUSIP: 505709AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      161000 | PA      | $162783.24     | 0.00%             | 2030-03-15      | Fixed         | 4.93%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A                                                                | LADAR 2024-3A D 144A 5.18% 02-17-32                                                             | CUSIP: 505709AG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       97000 | PA      | $98336.08      | 0.00%             | 2032-02-17      | Fixed         | 5.18%                 | Yes           |                  2 | On Loan: No      |
| AERO CAPITAL SOLUTIONS FUND IV LP                                            | AERO CAPITAL SOLUTIONS INC TL (TSFR1M+300) FRN 11-17-29                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     1630334 | PA      | $1618106.72    | 0.01%             | 2029-11-17      | Variable      | 7.61%                 | Yes           |                  3 | On Loan: No      |
| APOLLO AVIATION SECURITIZATION EQUITY TRUST AASET_25-1                       | AASET 2025-1A A 144A 5.943% 02-16-50                                                            | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      239205 | PA      | $244897.40     | 0.00%             | 2050-02-16      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A                                                                | LADAR 2024-3A B 144A 4.74% 01-15-30                                                             | CUSIP: 505709AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      446000 | PA      | $449944.42     | 0.00%             | 2030-01-15      | Fixed         | 4.74%                 | Yes           |                  2 | On Loan: No      |
| LBZZ 2025-1X                                                                 | LBZZ 2025-1A B 144A 5.47% 11-15-30                                                              | CUSIP: 525938AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4299000 | PA      | $4346022.46    | 0.02%             | 2030-11-15      | Fixed         | 5.47%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2025-2A                                                                | LADAR 2025-2A D 144A 5.01% 12-15-32                                                             | CUSIP: 505912AH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1095000 | PA      | $1101601.76    | 0.01%             | 2032-12-15      | Fixed         | 5.01%                 | Yes           |                  2 | On Loan: No      |
| MARBLE POINT CLO LTD MP16_19-2A                                              | MP16 2019-2A D1R CLO 144A FRN 11-16-34                                                          | CUSIP: 56607BAS3<br>LEI: 2549001G1E9UB7Y1WR96 | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1000496.00    | 0.00%             | 2034-11-16      | Variable      | 7.99%                 | Yes           |                  2 | On Loan: No      |
| MP23_21-4A                                                                   | MP23 2021-4A C1 CLO 144A FRN 01-22-35                                                           | CUSIP: 56607TAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      435000 | PA      | $436443.33     | 0.00%             | 2035-01-22      | Variable      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| MERCURY FINANCIAL CREDIT CARD MASTER TRUST MFCC_24-2                         | MFCC 2024-2A A 144A 6.56% 07-20-29                                                              | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1087000 | PA      | $1095829.70    | 0.01%             | 2029-07-20      | Fixed         | 6.56%                 | Yes           |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC MFF_24-1                                         | MFF 2024-1A A 144A 5.82% 04-20-37                                                               | CUSIP: 588926AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      666923 | PA      | $672281.25     | 0.00%             | 2037-04-20      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_24-A                                  | MLANE 2024-A E 144A 13.69% 08-15-29                                                             | CUSIP: 60510MBD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5000000 | PA      | $5078320.00    | 0.02%             | 2029-08-15      | Fixed         | 13.69%                | Yes           |                  2 | On Loan: No      |
| ACAR 2025-1                                                                  | ACAR 2025-1 D 144A 5.54% 08-12-31                                                               | CUSIP: 02528DAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1500000 | PA      | $1520341.50    | 0.01%             | 2031-08-12      | Fixed         | 5.54%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2025-1                                                                  | ACAR 2025-1 B 144A 4.9% 03-12-29                                                                | CUSIP: 02528DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      220000 | PA      | $221019.04     | 0.00%             | 2029-03-12      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_24-A                                  | MLANE 2024-A A1 144A 6.2% 08-15-29                                                              | CUSIP: 60510MAY4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      322000 | PA      | $325015.21     | 0.00%             | 2029-08-15      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_24-A                                  | MLANE 2024-A B 144A 6.59% 08-15-29                                                              | CUSIP: 60510MBA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      318000 | PA      | $320427.61     | 0.00%             | 2029-08-15      | Fixed         | 6.59%                 | Yes           |                  2 | On Loan: No      |
| ACHV 2025-1PL                                                                | ACHV 2025-1PL C 144A 5.31% 04-26-32                                                             | CUSIP: 00112MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1104369 | PA      | $1107053.72    | 0.01%             | 2032-04-26      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| ACHV 2025-1PL                                                                | ACHV 2025-1PL B 144A 5.04% 04-26-32                                                             | CUSIP: 00112MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      237706 | PA      | $238811.56     | 0.00%             | 2032-04-26      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                                  | MLANE 2025-B F 144A 11.21% 09-15-31                                                             | CUSIP: 60510MBZ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4000000 | PA      | $4039788.00    | 0.02%             | 2031-09-15      | Fixed         | 11.21%                | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                                  | MLANE 2025-B C 144A 5.41% 09-15-31                                                              | CUSIP: 60510MBW7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      887000 | PA      | $890089.42     | 0.00%             | 2031-09-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_25-1                                    | AESOP 2025-1A A 144A 4.8% 08-20-29                                                              | CUSIP: 05377RKL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1881000 | PA      | $1907689.51    | 0.01%             | 2029-08-20      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-4                                    | AESOP 2023-4A D 144A 7.31% 06-20-29                                                             | CUSIP: 05377RJS4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1468000 | PA      | $1505237.29    | 0.01%             | 2029-06-20      | Fixed         | 7.31%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_25-B                                  | MLANE 2025-B A 144A 5.06% 09-15-31                                                              | CUSIP: 60510MBU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4639000 | PA      | $4652434.54    | 0.02%             | 2031-09-15      | Fixed         | 5.06%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-8                                    | AESOP 2023-8A D 144A 7.52% 02-20-30                                                             | CUSIP: 05377RJY1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3911000 | PA      | $3993639.43    | 0.02%             | 2030-02-20      | Fixed         | 7.52%                 | Yes           |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_24-1                     | BLAST 2024-1 B 5.43% 08-15-28                                                                   | CUSIP: 107933AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      160000 | PA      | $160470.40     | 0.00%             | 2028-08-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_24-1                     | BLAST 2024-1 D 6.03% 11-15-29                                                                   | CUSIP: 107933AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      572000 | PA      | $583253.53     | 0.00%             | 2029-11-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_24-1                     | BLAST 2024-1 C 5.65% 04-16-29                                                                   | CUSIP: 107933AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      295000 | PA      | $298195.15     | 0.00%             | 2029-04-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BREX COMMERCIAL CHARGE CARD MASTER TRUST BREX_24-1                           | BREX 2024-1 A1 144A 6.05% 07-15-27                                                              | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      605000 | PA      | $608858.09     | 0.00%             | 2027-07-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| BREX COMMERCIAL CHARGE CARD MASTER TRUST BREX_24-1                           | BREX 2024-1 A2 144A 6.68% 07-15-27                                                              | CUSIP: 05601DAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2166000 | PA      | $2174720.32    | 0.01%             | 2027-07-15      | Fixed         | 6.68%                 | Yes           |                  2 | On Loan: No      |
| BLAST 2024-3                                                                 | BLAST 2024-3 D 5.83% 05-15-30                                                                   | CUSIP: 10805NAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     8644000 | PA      | $8823847.06    | 0.04%             | 2030-05-15      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST CAALT_23-3                                 | CAALT 2023-3A C 144A 7.62% 12-15-33                                                             | CUSIP: 224936AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      245000 | PA      | $253808.73     | 0.00%             | 2033-12-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST CAALT_23-3                                 | CAALT 2023-3A B 144A 7.09% 10-17-33                                                             | CUSIP: 224936AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      212000 | PA      | $217000.66     | 0.00%             | 2033-10-17      | Fixed         | 7.09%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2024-A                                            | CPS 2024-A E 144A 8.42% 08-15-31                                                                | CUSIP: 22411CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2700000 | PA      | $2844185.40    | 0.01%             | 2031-08-15      | Fixed         | 8.42%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2024-A                                            | CPS 2024-A B 144A 5.65% 05-15-28                                                                | CUSIP: 22411CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       81424 | PA      | $81621.99      | 0.00%             | 2028-05-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2024-A                                            | CPS 2024-A C 144A 5.74% 04-15-30                                                                | CUSIP: 22411CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $101105.00     | 0.00%             | 2030-04-15      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2024-A                                            | CPS 2024-A D 144A 6.13% 04-15-30                                                                | CUSIP: 22411CAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $102212.80     | 0.00%             | 2030-04-15      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_22-D                                          | CPS 2022-D E 144A 12.12% 06-17-30                                                               | CUSIP: 12663UAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4000000 | PA      | $4418524.00    | 0.02%             | 2030-06-17      | Fixed         | 12.12%                | Yes           |                  2 | On Loan: No      |
| CMXS 2024-A                                                                  | CMXS 2024-A C 5.62% 01-15-30                                                                    | CUSIP: 14319FAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      572000 | PA      | $583688.25     | 0.00%             | 2030-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CMXS 2024-A                                                                  | CMXS 2024-A D 6.27% 12-16-30                                                                    | CUSIP: 14319FAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      868000 | PA      | $893533.96     | 0.00%             | 2030-12-16      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| CPS 2024-C                                                                   | CPS 2024-C E 144A 8.04% 03-15-32                                                                | CUSIP: 223920AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3625000 | PA      | $3805104.50    | 0.02%             | 2032-03-15      | Fixed         | 8.04%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST CHAOT_24-5                                            | CHAOT 2024-5A A4 144A 4.15% 03-25-30                                                            | CUSIP: 16144QAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1735000 | PA      | $1741683.22    | 0.01%             | 2030-03-25      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_24-N3                                   | CRVNA 2024-N3 C 144A 4.9% 12-10-30                                                              | CUSIP: 14687WAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $501985.00     | 0.00%             | 2030-12-10      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| CLAST 2025-1A                                                                | CLAST 2025-1A A 144A 5.783% 02-15-50                                                            | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    28052118 | PA      | $28522411.57   | 0.14%             | 2050-02-15      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| CCG 2025-1                                                                   | CCG 2025-1 D 144A 5.28% 10-14-32                                                                | CUSIP: 12515XAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      301000 | PA      | $304927.15     | 0.00%             | 2032-10-14      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| CFG INVESTMENTS LTD CFG_25-1                                                 | CFG 2025-1 A 144A 6.47% 03-25-36                                                                | CUSIP: 12528GAM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      821000 | PA      | $835121.20     | 0.00%             | 2036-03-25      | Fixed         | 6.47%                 | Yes           |                  2 | On Loan: No      |
| CFG INVESTMENTS LTD CFG_25-1                                                 | CFG 2025-1 B 144A 9.16% 03-25-36                                                                | CUSIP: 12528GAN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      159000 | PA      | $162785.15     | 0.00%             | 2036-03-25      | Fixed         | 9.16%                 | Yes           |                  2 | On Loan: No      |
| CFG INVESTMENTS LTD CFG_25-1                                                 | CFG 2025-1 C 144A 12.72% 03-25-36                                                               | CUSIP: 12528GAP7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      400000 | PA      | $420310.40     | 0.00%             | 2036-03-25      | Fixed         | 12.72%                | Yes           |                  2 | On Loan: No      |
| CPS 2025-B                                                                   | CPS 2025-B C 144A 5.12% 07-15-31                                                                | CUSIP: 12630SAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1314000 | PA      | $1326302.98    | 0.01%             | 2031-07-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| CPS 2025-B                                                                   | CPS 2025-B B 144A 4.79% 11-15-29                                                                | CUSIP: 12630SAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      643000 | PA      | $647185.93     | 0.00%             | 2029-11-15      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: No      |
| CPS 2025-B                                                                   | CPS 2025-B A 144A 4.74% 02-15-29                                                                | CUSIP: 12630SAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    15363859 | PA      | $15411871.54   | 0.08%             | 2029-02-15      | Fixed         | 4.74%                 | Yes           |                  2 | On Loan: No      |
| CANYC 2021-4A                                                                | CANYC 2021-4A CR CLO 144A FRN 10-15-34                                                          | CUSIP: 13877PAS6<br>LEI: 254900V38Q76ALAJY818 | Long             | ABS-O            | CORP              | KY        |      886000 | PA      | $886000.00     | 0.00%             | 2034-10-15      | Variable      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                                                         | VERISK ANALYTICS INC SR UNSEC 5.125% 02-15-36                                                   | CUSIP: 92345YAN6<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    14269000 | PA      | $14409421.23   | 0.07%             | 2036-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                           | VICI PROPERTIES LP 144A LIFE SR UNSEC 3.75% 02-15-27                                            | CUSIP: 92564RAD7<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |      955000 | PA      | $944862.68     | 0.00%             | 2027-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CMXS 2025-B                                                                  | CMXS 2025-B C 4.83% 06-16-31                                                                    | CUSIP: 14320BAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1886000 | PA      | $1885954.74    | 0.01%             | 2031-06-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| CMXS 2025-B                                                                  | CMXS 2025-B D 5.33% 07-15-31                                                                    | CUSIP: 14320BAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3414000 | PA      | $3410517.72    | 0.02%             | 2031-07-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-2                                                                 | DRIVE 2025-2 A2 4.29% 10-16-28                                                                  | CUSIP: 262103AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1715000 | PA      | $1715521.36    | 0.01%             | 2028-10-16      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2022-2                                   | EART 2022-2A D 4.56% 07-17-28                                                                   | CUSIP: 30166QAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1052914 | PA      | $1053131.31    | 0.01%             | 2028-07-17      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_22-4                                | EART 2022-4A D 5.98% 12-15-28                                                                   | CUSIP: 30166BAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      313685 | PA      | $316338.68     | 0.00%             | 2028-12-15      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_22-6                                | EART 2022-6A D 8.03% 04-06-29                                                                   | CUSIP: 30168AAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      430000 | PA      | $443330.00     | 0.00%             | 2029-04-06      | Fixed         | 8.03%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_22-6                                | EART 2022-6A C 6.32% 05-15-28                                                                   | CUSIP: 30168AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      843397 | PA      | $846932.93     | 0.00%             | 2028-05-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-1                                | EART 2023-1A D 6.69% 06-15-29                                                                   | CUSIP: 30168BAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      725000 | PA      | $738809.08     | 0.00%             | 2029-06-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-1                                | EART 2023-1A E 144A 12.07% 09-16-30                                                             | CUSIP: 30168BAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     6737000 | PA      | $7536958.12    | 0.04%             | 2030-09-16      | Fixed         | 12.07%                | Yes           |                  2 | On Loan: No      |
| EART 2023-2A                                                                 | EART 2023-2A E 144A 9.75% 11-15-30                                                              | CUSIP: 30168CAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3697000 | PA      | $3970855.28    | 0.02%             | 2030-11-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                           | VICI PROPERTIES LP 144A LIFE SR UNSEC 4.125% 08-15-30                                           | CUSIP: 92564RAE5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     2645000 | PA      | $2557178.07    | 0.01%             | 2030-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| VIRGINIA ELECTRIC AND POWER COMPANY                                          | VIRGINIA ELECTRIC AND POWER CO SR UNSEC 2.45% 12-15-50                                          | CUSIP: 927804GD0<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     8041000 | PA      | $4688224.64    | 0.02%             | 2050-12-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-3                                | EART 2023-3A D 6.68% 04-16-29                                                                   | CUSIP: 301989AF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      226000 | PA      | $231335.41     | 0.00%             | 2029-04-16      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-3                                | EART 2023-3A C 6.21% 06-15-28                                                                   | CUSIP: 301989AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      103972 | PA      | $104552.04     | 0.00%             | 2028-06-15      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-3                                | EART 2023-3A E 144A 9.98% 01-15-31                                                              | CUSIP: 301989AG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2028000 | PA      | $2188842.71    | 0.01%             | 2031-01-15      | Fixed         | 9.98%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-4                                | EART 2023-4A D 6.95% 12-17-29                                                                   | CUSIP: 30166TAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      991000 | PA      | $1019357.47    | 0.00%             | 2029-12-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-4                                | EART 2023-4A C 6.51% 08-15-28                                                                   | CUSIP: 30166TAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      653116 | PA      | $657970.81     | 0.00%             | 2028-08-15      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-4                                | EART 2023-4A E 144A 9.57% 02-18-31                                                              | CUSIP: 30166TAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2408000 | PA      | $2584641.25    | 0.01%             | 2031-02-18      | Fixed         | 9.57%                 | Yes           |                  2 | On Loan: No      |
| EART 2023-5A                                                                 | EART 2023-5A E 144A 9.58% 06-16-31                                                              | CUSIP: 30168DAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4052000 | PA      | $4387120.66    | 0.02%             | 2031-06-16      | Fixed         | 9.58%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_2024-1                              | EART 2024-1A B 5.29% 08-15-28                                                                   | CUSIP: 30167PAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      278217 | PA      | $279156.74     | 0.00%             | 2028-08-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_2024-1                              | EART 2024-1A D 5.84% 06-17-30                                                                   | CUSIP: 30167PAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1644000 | PA      | $1682078.33    | 0.01%             | 2030-06-17      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_2024-1                              | EART 2024-1A C 5.41% 05-15-30                                                                   | CUSIP: 30167PAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      339000 | PA      | $343200.55     | 0.00%             | 2030-05-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_2024-1                              | EART 2024-1A E 144A 7.89% 08-15-31                                                              | CUSIP: 30167PAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4029000 | PA      | $4212331.59    | 0.02%             | 2031-08-15      | Fixed         | 7.89%                 | Yes           |                  2 | On Loan: No      |
| EART 2024-2A                                                                 | EART 2024-2A D 5.92% 02-15-30                                                                   | CUSIP: 30166DAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1834000 | PA      | $1875497.92    | 0.01%             | 2030-02-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| EART 2024-4A                                                                 | EART 2024-4A E 144A 7.65% 02-17-32                                                              | CUSIP: 30166UAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    10020000 | PA      | $10444407.12   | 0.05%             | 2032-02-17      | Fixed         | 7.65%                 | Yes           |                  2 | On Loan: No      |
| EQS 2024-1C                                                                  | EQS 2024-1C A 144A 6.05% 01-20-31                                                               | CUSIP: 22689LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5174788 | PA      | $5252352.79    | 0.03%             | 2031-01-20      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| EVGRN 2025-CRT5                                                              | EVGRN 2025-CRT5 B 144A 5.24% 05-15-29                                                           | CUSIP: 30023JCX4<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | US        |      134000 | PA      | $135699.25     | 0.00%             | 2029-05-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| EART 2025-1A                                                                 | EART 2025-1A C 5.09% 05-15-31                                                                   | CUSIP: 30167MAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2705000 | PA      | $2737457.30    | 0.01%             | 2031-05-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| EART 2025-1A                                                                 | EART 2025-1A B 4.91% 08-15-29                                                                   | CUSIP: 30167MAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1768000 | PA      | $1783093.42    | 0.01%             | 2029-08-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| EART 2025-1A                                                                 | EART 2025-1A D 5.49% 05-15-31                                                                   | CUSIP: 30167MAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1411000 | PA      | $1435362.33    | 0.01%             | 2031-05-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| EART 2025-2A                                                                 | EART 2025-2A B 4.92% 09-17-29                                                                   | CUSIP: 30168JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     8879000 | PA      | $8968935.39    | 0.04%             | 2029-09-17      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| EART 2025-2A                                                                 | EART 2025-2A E 144A 7.81% 10-15-32                                                              | CUSIP: 30168JAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1576000 | PA      | $1639394.60    | 0.01%             | 2032-10-15      | Fixed         | 7.81%                 | Yes           |                  2 | On Loan: No      |
| EART 2025-3A                                                                 | EART 2025-3A D 5.57% 10-15-31                                                                   | CUSIP: 30166XAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      944000 | PA      | $960353.86     | 0.00%             | 2031-10-15      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| EART 2025-3A                                                                 | EART 2025-3A C 5.09% 10-15-31                                                                   | CUSIP: 30166XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      779000 | PA      | $789261.77     | 0.00%             | 2031-10-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND II LLC 25-1M                                              | EQS 2025-1M A 144A 5.48% 09-26-33                                                               | CUSIP: 690912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2171410 | PA      | $2194593.64    | 0.01%             | 2033-09-26      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND II LLC 25-1M                                              | EQS 2025-1M B 144A 5.31% 09-26-33                                                               | CUSIP: 690912AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1146048 | PA      | $1160927.65    | 0.01%             | 2033-09-26      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| ELM15 2022-2A                                                                | ELM15 2022-2A DR CLO 144A FRN 04-22-35                                                          | CUSIP: 29003JAW4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1400000 | PA      | $1402702.00    | 0.01%             | 2035-04-22      | Variable      | 7.16%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2025-4                                   | EART 2025-4A D 5.23% 01-15-32                                                                   | CUSIP: 30167KAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1580000 | PA      | $1586929.88    | 0.01%             | 2032-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| EDVESTINU PRIVATE EDUCATION LOAN TRUST EDVES_21-A                            | EDVES 2021-A A 144A 1.8% 11-25-45                                                               | CUSIP: 28166LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2072750 | PA      | $1940544.05    | 0.01%             | 2045-11-25      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST FCAT_23-3                                         | FCAT 2023-3 B 144A 5.64% 07-16-29                                                               | CUSIP: 33846BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      214000 | PA      | $215918.30     | 0.00%             | 2029-07-16      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST FCAT_23-3                                         | FCAT 2023-3 C 144A 6.01% 07-16-29                                                               | CUSIP: 33846BAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       99000 | PA      | $98766.95      | 0.00%             | 2029-07-16      | Fixed         | 6.01%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST FCAT_23-3                                         | FCAT 2023-3 D 144A 6.58% 08-15-29                                                               | CUSIP: 33846BAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       67000 | PA      | $65829.51      | 0.00%             | 2029-08-15      | Fixed         | 6.58%                 | Yes           |                  2 | On Loan: No      |
| FCBSL 2019-2A                                                                | FCBSL 2019-2A DR CLO 144A FRN 10-20-32                                                          | CUSIP: 34962DAW6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2120000 | PA      | $2123319.92    | 0.01%             | 2032-10-20      | Variable      | 7.18%                 | Yes           |                  2 | On Loan: No      |
| FCBSL 2019-2A                                                                | FCBSL 2019-2A CR CLO 144A FRN 10-20-32                                                          | CUSIP: 34962DAU0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1750000 | PA      | $1755134.50    | 0.01%             | 2032-10-20      | Variable      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS CREDIT BSL LTD FCBSL_23-1                                           | FCBSL 2023-1A BR CLO 144A FRN 04-23-36                                                          | CUSIP: 34965DAY9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1659000 | PA      | $1658925.35    | 0.01%             | 2036-04-23      | Variable      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| FORDF 2025-1                                                                 | FORDF 2025-1 A1 4.63% 04-15-30                                                                  | CUSIP: 34529BAA4<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |     7790000 | PA      | $7909077.94    | 0.04%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FORTRESS CREDIT OPPORTUNITIES XXXVII CLO LLC FCO_25-37A                      | FCO 2025-37A B CLO 144A FRN 07-20-33                                                            | CUSIP: 34967BAC9<br>LEI: 254900DYT3A93SMZEQ40 | Long             | ABS-O            | CORP              | KY        |     2000000 | PA      | $2003640.00    | 0.01%             | 2033-07-20      | Variable      | 6.87%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_21-2                                       | HERTZ 2021-2A C 144A 2.52% 12-27-27                                                             | CUSIP: 42806MAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2477000 | PA      | $2411139.05    | 0.01%             | 2027-12-27      | Fixed         | 2.52%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_22-2                                   | HERTZ 2022-2A C 144A 2.95% 06-26-28                                                             | CUSIP: 42806MAQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     6036000 | PA      | $5828089.98    | 0.03%             | 2028-06-26      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| HARBOR PARK CLO LTD HARB_18-1A                                               | HARB 2018-1A D CLO 144A FRN 01-20-31                                                            | CUSIP: 41154XAN5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      400000 | PA      | $402136.40     | 0.00%             | 2031-01-20      | Variable      | 7.49%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-3                                   | HERTZ 2023-3A B 144A 6.53% 02-25-28                                                             | CUSIP: 42806MCB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1018677.00    | 0.00%             | 2028-02-25      | Fixed         | 6.53%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_22-2                                   | HERTZ 2022-2A D 144A 5.16% 06-26-28                                                             | CUSIP: 42806MAR0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    14209000 | PA      | $13880857.35   | 0.07%             | 2028-06-26      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-1                                   | HERTZ 2023-1A 1D 144A 9.13% 06-25-27                                                            | CUSIP: 42806MCJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4450000 | PA      | $4512429.05    | 0.02%             | 2027-06-25      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 4.56% 03-01-24/03-01-26 LCH                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3208705.45    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX USD 4.659% 05-17-24/05-17-26 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $11531244.79   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX BRL 11.49% 06-13-24/01-04-27                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-32897392.09  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 4.5335% 06-18-24/06-18-26 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-5946929.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 4.5265% 06-18-24/06-18-26 LCH                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-2945894.56   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 4.528% 06-18-24/06-18-26 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-2951316.91   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX BRL 12.0% 07-01-24/01-04-27                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | GB        |           1 | NC      | $-7497550.98   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX BRL 12.03167% 07-01-24/01-04-27                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | GB        |           1 | NC      | $-11795186.39  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX BRL 12.30585% 10-03-24/01-02-29                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | FR        |           1 | NC      | $-11870956.76  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| VM FUND                                                                      | VM FUND I LLC 144A LIFE SR SEC 1ST LIEN SF 8.625% 01-15-28                                      | CUSIP: 91842WAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    34620831 | PA      | $34101518.54   | 0.17%             | 2028-01-15      | Fixed         | 8.62%                 | Yes           |                  3 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                                   | VERIZON COMMUNICATIONS INC SR UNSEC 2.55% 03-21-31                                              | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     8188000 | PA      | $7446478.34    | 0.04%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX BRL 12.36% 10-04-24/01-02-29                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | GB        |           1 | NC      | $-1175705.33   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX BRL 12.5% 10-09-24/01-02-29                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-1597540.74   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX BRL 12.4875% 10-09-24/01-02-29                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | FR        |           1 | NC      | $-813432.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX BRL 12.515% 10-10-24/01-02-29                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | GB        |           1 | NC      | $-1140728.22   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS PAYFIX USD 4.186% 02-18-25/02-18-27 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-21300380.99  | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX CAD 2.578% 06-17-25/06-17-27 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $3191796.24    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX CAD 2.602% 06-18-25/06-18-27 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $426435.94     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                                   | VERIZON COMMUNICATIONS INC SR UNSEC 3.55% 03-22-51                                              | CUSIP: 92343VGB4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    15000000 | PA      | $11006235.00   | 0.05%             | 2051-03-22      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                            | VENTURE GLOBAL CALCASIEU PASS LLC 144A LIFE SR SEC 1ST LIEN 4.125% 08-15-31                     | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     3678000 | PA      | $3473955.59    | 0.02%             | 2031-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| VIATRIS INC                                                                  | VIATRIS INC SR UNSEC 4.0% 06-22-50                                                              | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    10607000 | PA      | $7241462.54    | 0.04%             | 2050-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELECTRIC AND POWER COMPANY                                          | VIRGINIA ELECTRIC AND POWER CO SR UNSEC 2.4% 03-30-32                                           | CUSIP: 927804GG3<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |      448000 | PA      | $395936.13     | 0.00%             | 2032-03-30      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                           | VICI PROPERTIES LP SR UNSEC 5.125% 05-15-32                                                     | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     7836000 | PA      | $7916366.02    | 0.04%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                            | VENTURE GLOBAL CALCASIEU PASS LLC 144A LIFE SR SEC 1ST LIEN 6.25% 01-15-30                      | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    10003000 | PA      | $10438830.71   | 0.05%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                       | VENTURE GLOBAL LNG INC 144A LIFE SR SEC 1ST LIEN 8.125% 06-01-28                                | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     9500000 | PA      | $9839815.00    | 0.05%             | 2028-06-01      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                       | VENTURE GLOBAL LNG INC 144A LIFE SR SEC 1ST LIEN 8.375% 06-01-31                                | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     9266000 | PA      | $9735554.55    | 0.05%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                                         | VERITIV OPERATING CO 144A LIFE SR SEC 1ST LIEN 10.5% 11-30-30                                   | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |     2165000 | PA      | $2326244.87    | 0.01%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                             | WELLS FARGO & CO SR UNSEC 5.707% 04-22-28/27                                                    | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      490000 | PA      | $501511.08     | 0.00%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HOLDINGS LLC                                           | WILDFIRE INTERMEDIATE HOLDINGS LLC 144A LIFE SR UNSEC 7.5% 10-15-29                             | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |     6180000 | PA      | $6259567.50    | 0.03%             | 2029-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| WOLFSPEED INC                                                                | WOLFSPEED INC 144A LIFE SR SEC 1ST LIEN PIK 12.875% 06-23-30                                    | CUSIP: 977852AG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1535964 | PA      | $1681880.58    | 0.01%             | 2030-06-23      | Variable      | 12.88%                | Yes           |                  2 | On Loan: No      |
| BANK BANK 17-BNK7                                                            | BANK 2017-BNK7 C FRN 09-15-60                                                                   | CUSIP: 06541XAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1964011 | PA      | $1761466.47    | 0.01%             | 2060-09-15      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| BMARK 2018-B1                                                                | BMARK 2018-B1 B FRN 01-15-51                                                                    | CUSIP: 08162PBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1328000 | PA      | $1243332.03    | 0.01%             | 2051-01-15      | Variable      | 4.06%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_18-B2                                         | BMARK 2018-B2 B FRN 02-15-51                                                                    | CUSIP: 08161CAK7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2325000 | PA      | $2071521.53    | 0.01%             | 2051-02-15      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK 18-B3                                         | BMARK 2018-B3 B FRN 04-10-51                                                                    | CUSIP: 08161BBB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1500000 | PA      | $1401144.00    | 0.01%             | 2051-04-10      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| BANK BANK_19-BN18                                                            | BANK 2019-BN18 C FRN 05-15-62                                                                   | CUSIP: 065402BH1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2500000 | PA      | $2101975.00    | 0.01%             | 2062-05-15      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK 19-B11                                        | BMARK 2019-B11 B FRN 05-15-52                                                                   | CUSIP: 08162BBK7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2500000 | PA      | $2189860.00    | 0.01%             | 2052-05-15      | Variable      | 3.96%                 | No            |                  2 | On Loan: No      |
| BANK BANK_19-BN20                                                            | BANK 2019-BN20 B FRN 09-15-62                                                                   | CUSIP: 06540AAH4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1905000 | PA      | $1658498.72    | 0.01%             | 2062-09-15      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_19-B13                                        | BMARK 2019-B13 B FRN 08-15-57                                                                   | CUSIP: 08162DAH1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     4087000 | PA      | $3600606.13    | 0.02%             | 2057-08-15      | Variable      | 3.33%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                             | WELLS FARGO & CO SR UNSEC 5.605% 04-23-36/35                                                    | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    16110000 | PA      | $16912922.40   | 0.08%             | 2036-04-23      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                                  | WALMART INC SR UNSEC 4.9% 04-28-35                                                              | CUSIP: 931142FP3<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    10051000 | PA      | $10345554.61   | 0.05%             | 2035-04-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| OMERS FINANCE TRUST                                                          | OMERS FINANCE TRUST 144A LIFE SR UNSEC 3.5% 04-19-32                                            | CUSIP: 682142AG9<br>LEI: 529900M039WCPES03P17 | Long             | DBT              | USGA              | CA        |    20000000 | PA      | $19195860.00   | 0.09%             | 2032-04-19      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| OMERS FINANCE TRUST                                                          | OMERS FINANCE TRUST 144A LIFE SR UNSEC 4.0% 04-19-52                                            | CUSIP: 682142AH7<br>LEI: 529900M039WCPES03P17 | Long             | DBT              | USGA              | CA        |    20000000 | PA      | $15752320.00   | 0.08%             | 2052-04-19      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                          | PETROLEOS MEXICANOS SR UNSEC 6.875% 10-16-25                                                    | CUSIP: 71654QDH2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    25000000 | PA      | $24984475.00   | 0.12%             | 2025-10-16      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| INDIA (REPUBLIC OF)                                                          | INDIA GOVERNMENT BOND INR 7.88% 03-19-30                                                        | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |   333000000 | PA      | $3978188.99    | 0.02%             | 2030-03-19      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                                                        | JAPAN GOVERNMENT THIRTY YEAR BOND JPY 2.3% 12-20-54                                             | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |  3600750000 | PA      | $20775561.75   | 0.10%             | 2054-12-20      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                                                        | JAPAN GOVERNMENT THIRTY YEAR BOND JPY 2.4% 03-20-55                                             | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        | 38874450000 | PA      | $229303658.11  | 1.12%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                                                        | JAPAN GOVERNMENT TWENTY YEAR BOND JPY 2.4% 03-20-45                                             | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        | 41844300000 | PA      | $275668443.17  | 1.34%             | 2045-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                  | MEXICAN BONOS MXN 7.5% 06-03-27                                                                 | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |      300000 | PA      | $1637351.13    | 0.01%             | 2027-06-03      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                  | MEXICAN BONOS MXN 8.0% 11-07-47                                                                 | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |     4964562 | PA      | $23820626.41   | 0.12%             | 2047-11-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF MOZAMBIQUE                                                       | MOZAMBIQUE INTERNATIONAL BOND REG S SF 9.0% 09-15-31                                            | CUSIP: N/A<br>LEI: 213800759WLKYIKPER73       | Long             | DBT              | NUSS              | MZ        |    30000000 | PA      | $26820720.00   | 0.13%             | 2031-09-15      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                  | MEXICO GOVERNMENT INTERNATIONAL BOND 5.0% 04-27-51                                              | CUSIP: 91087BAL4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     2270000 | PA      | $1868210.00    | 0.01%             | 2051-04-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                  | MEXICO GOVERNMENT INTERNATIONAL BOND 3.75% 04-19-71                                             | CUSIP: 91087BAP5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    13080000 | PA      | $7985340.00    | 0.04%             | 2071-04-19      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                                  | MEXICO GOVERNMENT INTERNATIONAL BOND 6.338% 05-04-53                                            | CUSIP: 91087BAX8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     3730000 | PA      | $3635817.50    | 0.02%             | 2053-05-04      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                                   | BRAZIL NOTAS DO TESOURO NACIONAL SERIE B BRL I/L 6.0% 05-15-55                                  | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |        9967 | PA      | $1603955.88    | 0.01%             | 2055-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BN23                                                               | BANK 2019-BN23 C FRN 12-15-52                                                                   | CUSIP: 06541RBG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2994000 | PA      | $2659019.30    | 0.01%             | 2052-12-15      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK BANK_20-BN25                                                            | BANK 2020-BN25 C FRN 01-15-63                                                                   | CUSIP: 06539WBG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3340000 | PA      | $2937409.76    | 0.01%             | 2063-01-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                              | PANAMA GOVERNMENT INTERNATIONAL BOND 2.252% 09-29-32                                            | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     8527000 | PA      | $6919234.15    | 0.03%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PERU (REPUBLIC OF)                                                           | PERUVIAN GOVERNMENT INTERNATIONAL BOND 2.78% 12-01-60                                           | CUSIP: 715638DQ2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    17695000 | PA      | $9923356.00    | 0.05%             | 2060-12-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                              | PANAMA GOVERNMENT INTERNATIONAL BOND 6.875% 01-31-36                                            | CUSIP: 698299BW3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     8206000 | PA      | $8739595.15    | 0.04%             | 2036-01-31      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                              | PANAMA GOVERNMENT INTERNATIONAL BOND 7.5% 03-01-31                                              | CUSIP: 698299BX1<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     2835000 | PA      | $3120201.00    | 0.02%             | 2031-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BANK_20-BN26                                                                 | BANK 2020-BN26 C FRN 03-15-63                                                                   | CUSIP: 06540JBV3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     4214560 | PA      | $3607338.84    | 0.02%             | 2063-03-15      | Variable      | 3.41%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_20-B20                                        | BMARK 2020-B20 B 2.5266% 10-15-53                                                               | CUSIP: 08162XBM5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1075000 | PA      | $862304.80     | 0.00%             | 2053-10-15      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                              | PANAMA GOVERNMENT INTERNATIONAL BOND SF 8.0% 03-01-38                                           | CUSIP: 698299BY9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    16669000 | PA      | $19012661.40   | 0.09%             | 2038-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SENEGAL (REPUBLIC OF)                                                        | SENEGAL GOVERNMENT INTERNATIONAL BOND REG S SF 6.75% 03-13-48                                   | CUSIP: N/A<br>LEI: 549300NP14ZLQGWIUZ97       | Long             | DBT              | NUSS              | SN        |    11000000 | PA      | $6894822.00    | 0.03%             | 2048-03-13      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_20-B21                                        | BMARK 2020-B21 C FRN 12-17-53                                                                   | CUSIP: 08163LAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1000000 | PA      | $809293.00     | 0.00%             | 2053-12-17      | Variable      | 3.33%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_21-B23                                        | BMARK 2021-B23 B 2.095% 02-15-54                                                                | CUSIP: 08162RAH0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1995000 | PA      | $1513301.27    | 0.01%             | 2054-02-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| ROMANIA (REPUBLIC OF)                                                        | ROMANIAN GOVERNMENT INTERNATIONAL BOND EUR 144A LIFE 3.5% 04-03-34                              | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      498000 | PA      | $501596.06     | 0.00%             | 2034-04-03      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| SPAIN (KINGDOM OF)                                                           | SPAIN GOVERNMENT BOND EUR 144A LIFE/REG S 1.25% 10-31-30                                        | CUSIP: N/A<br>LEI: 9598007A56S18711AH60       | Long             | DBT              | NUSS              | ES        |    12245000 | PA      | $13464055.32   | 0.07%             | 2030-10-31      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_21-B23                                        | BMARK 2021-B23 C FRN 02-15-54                                                                   | CUSIP: 08162RAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1500000 | PA      | $1088806.50    | 0.01%             | 2054-02-15      | Variable      | 2.56%                 | No            |                  2 | On Loan: No      |
| BMK_21-B24                                                                   | BMARK 2021-B24 C FRN 03-15-54                                                                   | CUSIP: 08163CBJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3895000 | PA      | $2988995.74    | 0.01%             | 2054-03-15      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| SASKATCHEWAN (PROVINCE OF)                                                   | PROVINCE OF SASKATCHEWAN CANADA 3.25% 06-08-27                                                  | CUSIP: 803854KQ0<br>LEI: 549300FKDIB7OJMBSP83 | Long             | DBT              | NUSS              | CA        |     8047000 | PA      | $7942736.63    | 0.04%             | 2027-06-08      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 0.25% 02-15-50                               | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     4098801 | PA      | $2424057.44    | 0.01%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| BMARK 2021-B25                                                               | BMARK 2021-B25 B 2.635% 04-15-54                                                                | CUSIP: 08163DAK3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      500000 | PA      | $388982.00     | 0.00%             | 2054-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-SOAR                                      | BX 2021-SOAR D 144A FRN 06-15-38                                                                | CUSIP: 05608WAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    10632199 | PA      | $10628478.15   | 0.05%             | 2038-06-15      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-SOAR                                      | BX 2021-SOAR B 144A FRN 06-15-38                                                                | CUSIP: 05608WAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3101898 | PA      | $3100533.53    | 0.02%             | 2038-06-15      | Variable      | 5.13%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-SOAR                                      | BX 2021-SOAR C 144A FRN 06-15-38                                                                | CUSIP: 05608WAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2802054 | PA      | $2800930.42    | 0.01%             | 2038-06-15      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BT5004 07-01-51                                                                   | CUSIP: 3140LTR22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      323909 | PA      | $285351.76     | 0.00%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BT2760 08-01-51                                                                   | CUSIP: 3140LRB64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       18350 | PA      | $15479.04      | 0.00%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BT9828 09-01-51                                                                   | CUSIP: 3140LY4N0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     6397132 | PA      | $5402359.13    | 0.03%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FS5126 05-01-51                                                                   | CUSIP: 3140XLVU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       67575 | PA      | $57004.61      | 0.00%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BR7725 04-01-51                                                                   | CUSIP: 3140L6SP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1288869 | PA      | $1087258.69    | 0.01%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FM6764 03-01-51                                                                   | CUSIP: 3140XAQS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       42839 | PA      | $36137.62      | 0.00%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 SD3478 04-01-52                                                                   | CUSIP: 3132DQ2K1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       33764 | PA      | $28482.38      | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 RA6136 10-01-51                                                                   | CUSIP: 3133KMY90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     3794215 | PA      | $3200666.75    | 0.02%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 RA8942 03-01-52                                                                   | CUSIP: 3133KQ5B8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      441342 | PA      | $373519.85     | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FS3549 01-01-52                                                                   | CUSIP: 3140XJ5K5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      148150 | PA      | $125368.53     | 0.00%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 1.125% 08-15-40                                                     | CUSIP: 912810SQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    45000000 | PA      | $28396660.50   | 0.14%             | 2040-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 1.625% 11-15-50                                                     | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    66000000 | PA      | $35410828.20   | 0.17%             | 2050-11-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.0% 07-31-29                                                       | CUSIP: 91282CLC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      205000 | PA      | $207279.95     | 0.00%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 1.875% 07-15-34                              | CUSIP: 91282CLE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   197154995 | PA      | $200058326.50  | 0.98%             | 2034-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.875% 08-15-34                                                     | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2573000 | PA      | $2534072.31    | 0.01%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.25% 08-15-54                                                      | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   209370000 | PA      | $193356188.99  | 0.94%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.125% 08-15-44                                                     | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       94000 | PA      | $87280.21      | 0.00%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 3.5% 09-30-29                                                       | CUSIP: 91282CLN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     4560000 | PA      | $4528650.00    | 0.02%             | 2029-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.125% 10-31-29                                                     | CUSIP: 91282CLR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      142000 | PA      | $144279.77     | 0.00%             | 2029-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.25% 11-15-34                                                      | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    35601000 | PA      | $36007072.13   | 0.18%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.125% 11-30-29                                                     | CUSIP: 91282CMA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      190000 | PA      | $193072.66     | 0.00%             | 2029-11-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.25% 12-31-26                                                      | CUSIP: 91282CME8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     5792500 | PA      | $5830251.46    | 0.03%             | 2026-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FS5387 05-01-52                                                                   | CUSIP: 3140XL6Z6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     3808688 | PA      | $3212818.79    | 0.02%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FS5035 06-01-52                                                                   | CUSIP: 3140XLSZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       84791 | PA      | $71525.30      | 0.00%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB2644 01-01-52                                                                   | CUSIP: 3140QM5E0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      757344 | PA      | $638864.34     | 0.00%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 SD3226 03-01-52                                                                   | CUSIP: 3132DQSP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      142746 | PA      | $120533.02     | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.375% 12-31-29                                                     | CUSIP: 91282CMD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       46000 | PA      | $47195.84      | 0.00%             | 2029-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.75% 02-15-45                                                      | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   245000000 | PA      | $246569568.00  | 1.20%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 SD8462 09-01-54                                                                   | CUSIP: 3132DWMK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    43446813 | PA      | $43867986.09   | 0.21%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QC3532 06-01-51                                                                   | CUSIP: 3133AM4R4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2757028 | PA      | $2329095.81    | 0.01%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.75% 05-15-55                                                      | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    35576000 | PA      | $35683784.61   | 0.17%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.25% 08-15-35                                                      | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   423173000 | PA      | $426578230.81  | 2.08%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BU7244 01-01-52                                                                   | CUSIP: 3140M9BN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      112990 | PA      | $95312.65      | 0.00%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BT9289 09-01-51                                                                   | CUSIP: 3140LYKB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      625818 | PA      | $527920.61     | 0.00%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                                       | UNITED STATES TREASURY NOTE 4.75% 08-15-55                                                      | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   175000000 | PA      | $175601580.00  | 0.86%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AHPT 2024-ATRM                                                               | AHPT 2024-ATRM C 144A FRN 11-10-29                                                              | CUSIP: 04963XAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1949000 | PA      | $1975997.55    | 0.01%             | 2029-11-10      | Variable      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| AHPT 2024-ATRM                                                               | AHPT 2024-ATRM D 144A FRN 11-10-29                                                              | CUSIP: 04963XAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     5903000 | PA      | $6018610.26    | 0.03%             | 2029-11-10      | Variable      | 7.68%                 | Yes           |                  2 | On Loan: No      |
| ALA 2025-OANA                                                                | ALA 2025-OANA C 144A FRN 06-15-40                                                               | CUSIP: 009920AE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2856000 | PA      | $2884699.94    | 0.01%             | 2040-06-15      | Variable      | 6.24%                 | Yes           |                  2 | On Loan: No      |
| ALA 2025-OANA                                                                | ALA 2025-OANA A 144A FRN 06-15-40                                                               | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    21300000 | PA      | $21441836.70   | 0.10%             | 2040-06-15      | Variable      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| AMSR 2025-SFR1                                                               | AMSR 2025-SFR1 D 144A 3.655% 06-17-42                                                           | CUSIP: 00182MAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      426000 | PA      | $398264.84     | 0.00%             | 2042-06-17      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| BANC OF AMERICA COMMERCIAL MORTGAGE TRUST BACM_16-UB10                       | BACM 2016-UB10 C FRN 07-15-49                                                                   | CUSIP: 06054MAK9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2500000 | PA      | $2427350.00    | 0.01%             | 2049-07-15      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC BBCMS_17-C1                      | BBCMS 2017-C1 B 4.089% 02-15-50                                                                 | CUSIP: 07332VBF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3564000 | PA      | $3346774.20    | 0.02%             | 2050-02-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| BANK BANK_17-BNK5                                                            | BANK 2017-BNK5 C FRN 06-15-60                                                                   | CUSIP: 06541WBC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1900000 | PA      | $1817674.90    | 0.01%             | 2060-06-15      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| BANK BANK_21-BN35                                                            | BANK 2021-BN35 B FRN 08-15-31                                                                   | CUSIP: 06540CBS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     5000000 | PA      | $4306330.00    | 0.02%             | 2031-08-15      | Variable      | 2.53%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QC5137 08-01-51                                                                   | CUSIP: 3133APV63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     8717397 | PA      | $7366148.32    | 0.04%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 RA3528 09-01-50                                                                   | CUSIP: 3133KJ4M1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       18340 | PA      | $15498.57      | 0.00%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QC0478 04-01-51                                                                   | CUSIP: 3133AJQ71<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      472540 | PA      | $398623.21     | 0.00%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNMDI4 3.0 BF0762 09-01-63                                                                      | CUSIP: 3140FXZ47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     4377313 | PA      | $3760527.57    | 0.02%             | 2063-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-VOLT                                      | BX 2021-VOLT B 144A FRN 09-15-36                                                                | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2001698 | PA      | $1996131.02    | 0.01%             | 2036-09-15      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-VOLT                                      | BX 2021-VOLT A 144A FRN 09-15-36                                                                | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    22158068 | PA      | $22095050.61   | 0.11%             | 2036-09-15      | Variable      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| FARM 2024-2                                                                  | FARM 2024-2 B 144A FRN 08-01-54                                                                 | CUSIP: 307910AE9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     1852732 | PA      | $1670978.66    | 0.01%             | 2054-08-01      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 RA4206 12-01-50                                                                   | CUSIP: 3133KKU72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      613629 | PA      | $518388.48     | 0.00%             | 2050-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FS3298 10-01-51                                                                   | CUSIP: 3140XJUY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      142220 | PA      | $120110.55     | 0.00%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.0 FS6793 06-01-53                                                                   | CUSIP: 3140XNRP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     2021386 | PA      | $1907062.24    | 0.01%             | 2053-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 FS5293 06-01-52                                                                   | CUSIP: 3140XL3B2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      406927 | PA      | $344362.97     | 0.00%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB2785 01-01-52                                                                   | CUSIP: 3140QNCX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      100023 | PA      | $84807.61      | 0.00%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 BU6678 12-01-51                                                                   | CUSIP: 3140M8M48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      397505 | PA      | $337036.01     | 0.00%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DC9987 01-01-55                                                                   | CUSIP: 3140AYCZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      230145 | PA      | $235273.75     | 0.00%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FM4783 12-01-50                                                                   | CUSIP: 3140X8J57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    36639264 | PA      | $29644901.69   | 0.14%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 QJ7363 11-01-54                                                                   | CUSIP: 3133CYFC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      280842 | PA      | $288251.50     | 0.00%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 QX6717 02-01-55                                                                   | CUSIP: 31426CPB4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      314438 | PA      | $322950.47     | 0.00%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 BY7514 03-01-54                                                                   | CUSIP: 3140NQK49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       99804 | PA      | $102364.82     | 0.00%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RJ2838 11-01-54                                                                   | CUSIP: 3142GTEL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      562169 | PA      | $575164.76     | 0.00%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 MA5793 08-01-55                                                                   | CUSIP: 31418FNK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       31864 | PA      | $32573.99      | 0.00%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FS9860 06-01-52                                                                   | CUSIP: 3140XR5W1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      723818 | PA      | $585942.11     | 0.00%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 QJ0883 08-01-54                                                                   | CUSIP: 3133CQ6U4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      196108 | PA      | $200821.63     | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.0 DC6827 12-01-54                                                                   | CUSIP: 3140AUSR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      951166 | PA      | $972821.69     | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SL0924 03-01-55                                                                   | CUSIP: 31427NA25<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     4853848 | PA      | $4969806.08    | 0.02%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 QX0553 12-01-54                                                                   | CUSIP: 31425UTK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      437440 | PA      | $447290.61     | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 SD6143 07-01-54                                                                   | CUSIP: 3132DTZG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      354082 | PA      | $362054.43     | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RQ0041 08-01-55                                                                   | CUSIP: 3142J6BK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    80626832 | PA      | $82423681.36   | 0.40%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BU1027 11-01-51                                                                   | CUSIP: 3140M2D90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      411990 | PA      | $332478.03     | 0.00%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 QX9672 04-01-55                                                                   | CUSIP: 31426GXA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       93797 | PA      | $95942.31      | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 QJ3296 08-01-54                                                                   | CUSIP: 3133CTUV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     6495370 | PA      | $6647640.90    | 0.03%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STAR 2024-SFR4                                                               | STAR 2024-SFR4 C 144A FRN 10-17-41                                                              | CUSIP: 85520AAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2000000 | PA      | $2009060.00    | 0.01%             | 2041-10-17      | Variable      | 6.60%                 | Yes           |                  2 | On Loan: No      |
| STAR 2024-SFR4                                                               | STAR 2024-SFR4 D 144A FRN 10-17-41                                                              | CUSIP: 85520AAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2286000 | PA      | $2306167.09    | 0.01%             | 2041-10-17      | Variable      | 7.10%                 | Yes           |                  2 | On Loan: No      |
| SHR 2024-LXRY                                                                | SHR 2024-LXRY D 144A FRN 10-15-41                                                               | CUSIP: 784234AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1520758 | PA      | $1536009.68    | 0.01%             | 2041-10-15      | Variable      | 7.75%                 | Yes           |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                            | POST HOLDINGS INC 144A LIFE SR UNSEC 4.5% 09-15-31                                              | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    10920000 | PA      | $10212919.08   | 0.05%             | 2031-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                  | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 3.25% 06-01-31                                      | CUSIP: 694308JT5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    14750000 | PA      | $13571194.75   | 0.07%             | 2031-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                  | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 3.0% 06-15-28                                       | CUSIP: 694308JW8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    11450000 | PA      | $11042872.35   | 0.05%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                   | PACIFICORP SR SEC 1ST LIEN 2.9% 06-15-52                                                        | CUSIP: 695114CY2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     2430000 | PA      | $1484329.05    | 0.01%             | 2052-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                  | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 5.9% 06-15-32                                       | CUSIP: 694308KG1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     1338000 | PA      | $1399831.66    | 0.01%             | 2032-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                             | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 6.037% 10-28-33/32                                    | CUSIP: 693475BJ3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    18000000 | PA      | $19447326.00   | 0.09%             | 2033-10-28      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                              | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 5.75% 11-17-32                                         | CUSIP: 718172CX5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     1634000 | PA      | $1742059.69    | 0.01%             | 2032-11-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                   | PACIFICORP SR SEC 1ST LIEN 5.35% 12-01-53                                                       | CUSIP: 695114CZ9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    17645000 | PA      | $16291981.40   | 0.08%             | 2053-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                   | PACIFICORP SR SEC 1ST LIEN 5.5% 05-15-54                                                        | CUSIP: 695114DA3<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    22707000 | PA      | $21463360.32   | 0.10%             | 2054-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                                  | PACIFIC GAS AND ELECTRIC CO SR SEC 1ST LIEN 6.4% 06-15-33                                       | CUSIP: 694308KM8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    22961000 | PA      | $24692511.97   | 0.12%             | 2033-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OPERATING CO                                                  | PUBLIC STORAGE OPERATING CO SR UNSEC 5.35% 08-01-53                                             | CUSIP: 74460WAH0<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |     9905000 | PA      | $9800938.07    | 0.05%             | 2053-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                              | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 5.625% 09-07-33                                        | CUSIP: 718172DE6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    15138000 | PA      | $16063385.94   | 0.08%             | 2033-09-07      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                              | PERMIAN RESOURCES OPERATING LLC 144A LIFE SR UNSEC 7.0% 01-15-32                                | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     2150000 | PA      | $2231459.20    | 0.01%             | 2032-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                          | PETROLEOS MEXICANOS SR UNSEC 6.375% 01-23-45                                                    | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      160000 | PA      | $130149.60     | 0.00%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PARTY CITY HOLDINGS INC                                                      | Party City GUC Trust Escrow 0.0% 10-12-28                                                       | CUSIP: 702ESCAG9<br>LEI: 5493005PYM1JS6EZN307 | Long             | DBT              | CORP              | US        |      560000 | PA      | $0.00          | 0.00%             | 2028-10-12      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                             | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 6.875% 10-20-34/33                                    | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    55220000 | PA      | $62581322.98   | 0.31%             | 2034-10-20      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| PIRAEUS BANK SA                                                              | PIRAEUS BANK SA EUR REG S SR UNSEC (B) 6.75% 12-05-29/28                                        | CUSIP: N/A<br>LEI: 213800OYHR1MPQ5VJL60       | Long             | DBT              | CORP              | GR        |     3077000 | PA      | $4015398.35    | 0.02%             | 2029-12-05      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                   | PACIFICORP SR SEC 1ST LIEN 5.45% 02-15-34                                                       | CUSIP: 695114DD7<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    18118000 | PA      | $18568576.54   | 0.09%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                   | PACIFICORP SR SEC 1ST LIEN 5.8% 01-15-55                                                        | CUSIP: 695114DE5<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    10938000 | PA      | $10730528.02   | 0.05%             | 2055-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                             | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.676% 01-22-35/34                                    | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |      370000 | PA      | $390307.45     | 0.00%             | 2035-01-22      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                  | PROLOGIS LP SR UNSEC 5.0% 03-15-34                                                              | CUSIP: 74340XCJ8<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |     3430000 | PA      | $3487349.60    | 0.02%             | 2034-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                  | PROLOGIS LP SR UNSEC 5.25% 03-15-54                                                             | CUSIP: 74340XCK5<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |      602000 | PA      | $583244.09     | 0.00%             | 2054-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                        | QUIKRETE HOLDINGS INC 144A LIFE SR UNSEC 6.75% 03-01-33                                         | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     2050000 | PA      | $2132920.45    | 0.01%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS INC.                                                   | QXO BUILDING PRODUCTS INC 144A LIFE SR SEC 1ST LIEN 6.75% 04-30-32                              | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |     5949000 | PA      | $6174443.30    | 0.03%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                                       | RADIOLOGY PARTNERS INC 144A LIFE SR SEC 2ND LIEN PIK 9.781% 02-15-30                            | CUSIP: 75041VAC8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |      803054 | PA      | $786340.04     | 0.00%             | 2030-02-15      | Fixed         | 9.78%                 | Yes           |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                           | ROCHE HOLDINGS INC 144A LIFE SR UNSEC 4.985% 03-08-34                                           | CUSIP: 771196CL4<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |     1154000 | PA      | $1192026.61    | 0.01%             | 2034-03-08      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                           | ROCHE HOLDINGS INC 144A LIFE SR UNSEC 5.218% 03-08-54                                           | CUSIP: 771196CM2<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |      608000 | PA      | $599083.68     | 0.00%             | 2054-03-08      | Fixed         | 5.22%                 | Yes           |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                                           | REGAL REXNORD CORP SR UNSEC 6.4% 04-15-33                                                       | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    15000000 | PA      | $16110345.00   | 0.08%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                                           | REGAL REXNORD CORP SR UNSEC 6.3% 02-15-30                                                       | CUSIP: 758750AN3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    15000000 | PA      | $15911145.00   | 0.08%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| ROMANIA (REPUBLIC OF)                                                        | ROMANIAN GOVERNMENT INTERNATIONAL BOND EUR REG S 5.625% 05-30-37                                | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |    37500000 | PA      | $42276146.35   | 0.21%             | 2037-05-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                       | ROPER TECHNOLOGIES INC SR UNSEC 4.9% 10-15-34                                                   | CUSIP: 776696AJ5<br>LEI: 549300LJXD867XMVE759 | Long             | DBT              | CORP              | US        |    16164000 | PA      | $16190298.83   | 0.08%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                                 | SYNOPSYS INC SR UNSEC 5.15% 04-01-35                                                            | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    21121000 | PA      | $21493827.89   | 0.10%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                                          | UNITED AIRLINES INC 144A LIFE SR SEC 1ST LIEN 4.625% 04-15-29                                   | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     2920000 | PA      | $2877496.48    | 0.01%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                 | UNIVISION COMMUNICATIONS INC 144A LIFE SR SEC 1ST LIEN 4.5% 05-01-29                            | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     6254000 | PA      | $5904163.75    | 0.03%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 3.25% 05-15-51                                                  | CUSIP: 91324PEF5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    14216000 | PA      | $9702718.54    | 0.05%             | 2051-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                           | UNION PACIFIC CORP SR UNSEC 2.95% 03-10-52                                                      | CUSIP: 907818FW3<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     8448000 | PA      | $5507597.57    | 0.03%             | 2052-03-10      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                           | UNION PACIFIC CORP SR UNSEC 3.5% 02-14-53                                                       | CUSIP: 907818FZ6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |      539000 | PA      | $389884.57     | 0.00%             | 2053-02-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 4.2% 05-15-32                                                   | CUSIP: 91324PEJ7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     1442000 | PA      | $1421904.29    | 0.01%             | 2032-05-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 4.75% 05-15-52                                                  | CUSIP: 91324PEK4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     3613000 | PA      | $3187496.99    | 0.02%             | 2052-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                 | UNIVISION COMMUNICATIONS INC 144A LIFE SR SEC 1ST LIEN 7.375% 06-30-30                          | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     9335000 | PA      | $9387509.38    | 0.05%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| US BANCORP                                                                   | US BANCORP SR UNSEC 5.85% 10-21-33/32                                                           | CUSIP: 91159HJJ0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     1600000 | PA      | $1706604.80    | 0.01%             | 2033-10-21      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 5.35% 02-15-33                                                  | CUSIP: 91324PER9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    10110000 | PA      | $10570015.11   | 0.05%             | 2033-02-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                       | UNITEDHEALTH GROUP INC SR UNSEC 5.875% 02-15-53                                                 | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     7300000 | PA      | $7510130.50    | 0.04%             | 2053-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                   | US BANCORP SR UNSEC 4.839% 02-01-34/33                                                          | CUSIP: 91159HJL5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     2050000 | PA      | $2059606.30    | 0.01%             | 2034-02-01      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                   | US BANCORP SR UNSEC 5.836% 06-12-34/06-10-33                                                    | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    14572000 | PA      | $15532571.67   | 0.08%             | 2034-06-12      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                 | UNIVISION COMMUNICATIONS INC 144A LIFE SR SEC 1ST LIEN 8.0% 08-15-28                            | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     5485000 | PA      | $5687972.43    | 0.03%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| US BANCORP                                                                   | US BANCORP SR UNSEC 5.678% 01-23-35/34                                                          | CUSIP: 91159HJR2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    26684000 | PA      | $28104656.16   | 0.14%             | 2035-01-23      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                                             | VITAL ENERGY INC 144A LIFE SR UNSEC 7.875% 04-15-32                                             | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    10178000 | PA      | $9887133.12    | 0.05%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| VALE OVERSEAS LTD                                                            | VALE OVERSEAS LTD SR UNSEC 6.4% 06-28-54                                                        | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | BR        |     8362000 | PA      | $8603845.76    | 0.04%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| ACAR 2024-4                                                                  | ACAR 2024-4 A 144A 4.81% 03-13-28                                                               | CUSIP: 024945AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3052058 | PA      | $3054469.26    | 0.01%             | 2028-03-13      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2025-P1                                                                | WLAKE 2025-P1 A2 144A 4.65% 02-15-28                                                            | CUSIP: 96043LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2509000 | PA      | $2518516.64    | 0.01%             | 2028-02-15      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| WELF 2021-1A                                                                 | WELF 2021-1A CR CLO 144A FRN 04-20-34                                                           | CUSIP: 94950CAS5<br>LEI: 2549004R1NTM2HJCGO78 | Long             | ABS-O            | CORP              | US        |     1500000 | PA      | $1503396.00    | 0.01%             | 2034-04-20      | Variable      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-2                                 | WLAKE 2025-2A D 144A 5.08% 05-15-31                                                             | CUSIP: 96041KAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4000000 | PA      | $4035952.00    | 0.02%             | 2031-05-15      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| WINDR 2021-2A                                                                | WINDR 2021-2A CR CLO 144A FRN 07-20-34                                                          | CUSIP: 97315VAS6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1846000 | PA      | $1846000.00    | 0.01%             | 2034-07-20      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| WOODS 2021-25A                                                               | WOODS 2021-25A DR CLO 144A FRN 07-20-34                                                         | CUSIP: 668468AS0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     1917000 | PA      | $1917000.00    | 0.01%             | 2034-07-20      | Variable      | 6.64%                 | Yes           |                  2 | On Loan: No      |
| WEF 2025-1A                                                                  | WEF 2025-1A A2 144A 4.33% 09-20-33                                                              | CUSIP: 97415CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2617000 | PA      | $2617889.78    | 0.01%             | 2033-09-20      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| WEF 2025-1A                                                                  | WEF 2025-1A D 144A 5.45% 09-20-33                                                               | CUSIP: 97415CAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      521000 | PA      | $520837.45     | 0.00%             | 2033-09-20      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                                                        | ACCENTURE CAPITAL INC SR UNSEC 4.5% 10-04-34                                                    | CUSIP: 00440KAD5<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |     4181000 | PA      | $4126015.67    | 0.02%             | 2034-10-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                                      | ARTHUR J GALLAGHER & CO SR UNSEC 5.15% 02-15-35                                                 | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |     4369000 | PA      | $4423774.15    | 0.02%             | 2035-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                                      | ARTHUR J GALLAGHER & CO SR UNSEC 5.55% 02-15-55                                                 | CUSIP: 04316JAP4<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |     1154000 | PA      | $1129025.13    | 0.01%             | 2055-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AMBIPAR LUX SARL                                                             | AMBIPAR LUX SARL 144A LIFE SR UNSEC 10.875% 02-05-33                                            | CUSIP: 02319WAB7<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |     3705000 | PA      | $622847.55     | 0.00%             | 2033-02-05      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                          | AMERICAN EXPRESS CO SR UNSEC 5.442% 01-30-36/35                                                 | CUSIP: 025816DZ9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     3158000 | PA      | $3285756.89    | 0.02%             | 2036-01-30      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                                               | AUTONATION INC SR UNSEC 5.89% 03-15-35                                                          | CUSIP: 05329WAT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    16000000 | PA      | $16545072.00   | 0.08%             | 2035-03-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                                 | ALPHABET INC SR UNSEC 4.5% 05-15-35                                                             | CUSIP: 02079KAL1<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     7623000 | PA      | $7632963.26    | 0.04%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                                 | ALPHABET INC SR UNSEC 5.25% 05-15-55                                                            | CUSIP: 02079KAM9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |      440000 | PA      | $441286.56     | 0.00%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                    | APPLE INC SR UNSEC 4.75% 05-12-35                                                               | CUSIP: 037833FB1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     5002000 | PA      | $5129991.18    | 0.03%             | 2035-05-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP INC                                             | AMERICAN INTERNATIONAL GROUP INC SR UNSEC 5.45% 05-07-35                                        | CUSIP: 026874DX2<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |     2645000 | PA      | $2757050.14    | 0.01%             | 2035-05-07      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION COMPANY LLC                                                 | AEP TRANSMISSION CO LLC SR UNSEC 5.375% 06-15-35                                                | CUSIP: 00115AAS8<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |      425000 | PA      | $440002.50     | 0.00%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                                           | ATHENE HOLDING LTD SR UNSEC 6.625% 05-19-55                                                     | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    20000000 | PA      | $21422880.00   | 0.10%             | 2055-05-19      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                                                  | ALLIED UNIVERSAL HOLDCO LLC 144A LIFE SR SEC 1ST LIEN 6.875% 06-15-30                           | CUSIP: 019576AF4<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |     9673000 | PA      | $9950470.01    | 0.05%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| ASCENT RESOURCES UTICA HOLDINGS LLC                                          | ASCENT RESOURCES UTICA HOLDINGS LLC 144A LIFE SR UNSEC 6.625% 07-15-33                          | CUSIP: 04364VBA0<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |     4255000 | PA      | $4329445.48    | 0.02%             | 2033-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                           | ALLY FINANCIAL INC SR UNSEC 5.548% 07-31-33/32                                                  | CUSIP: 02005NCA6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     5108000 | PA      | $5131277.16    | 0.03%             | 2033-07-31      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                                       | ADVANCE AUTO PARTS INC 144A LIFE SR UNSEC 7.0% 08-01-30                                         | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     1010000 | PA      | $1039904.08    | 0.01%             | 2030-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                                       | ADVANCE AUTO PARTS INC 144A LIFE SR UNSEC 7.375% 08-01-33                                       | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    16080000 | PA      | $16594640.40   | 0.08%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                             | ALTRIA GROUP INC SR UNSEC 5.25% 08-06-35                                                        | CUSIP: 02209SBV4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     7386000 | PA      | $7470215.17    | 0.04%             | 2035-08-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| APA CORP                                                                     | APA CORP SR UNSEC 5.35% 07-01-49                                                                | CUSIP: 03743QBG2<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |      325000 | PA      | $271863.80     | 0.00%             | 2049-07-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| APA CORP                                                                     | APA CORP SR UNSEC 4.75% 04-15-43                                                                | CUSIP: 03743QBD9<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |     1749000 | PA      | $1345243.35    | 0.01%             | 2043-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                     | AT&T INC SR UNSEC 4.35% 03-01-29                                                                | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     1250000 | PA      | $1255790.00    | 0.01%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                                 | SYNOPSYS INC SR UNSEC 5.7% 04-01-55                                                             | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    23164000 | PA      | $23394389.14   | 0.11%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                          | SYNCHRONY FINANCIAL SR UNSEC 5.45% 03-06-31/30                                                  | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     9266000 | PA      | $9445315.63    | 0.05%             | 2031-03-06      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                          | SIRIUS XM RADIO LLC 144A LIFE SR UNSEC 4.0% 07-15-28                                            | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     7600000 | PA      | $7349952.40    | 0.04%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                          | SIRIUS XM RADIO LLC 144A SR UNSEC 3.875% 09-01-31                                               | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     9798000 | PA      | $8885874.79    | 0.04%             | 2031-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT CORP                                                                 | NAVIENT CORP SR UNSEC 5.625% 08-01-33                                                           | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    12530000 | PA      | $11440842.28   | 0.06%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C4                                                                 | BMO 2024-5C4 C FRN 05-15-57                                                                     | CUSIP: 09660SAZ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      853861 | PA      | $884179.90     | 0.00%             | 2057-05-15      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| BBCMS 2024-C26                                                               | BBCMS 2024-C26 C FRN 05-15-57                                                                   | CUSIP: 05555AAK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3071000 | PA      | $3109332.22    | 0.02%             | 2057-05-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_24-KING                                      | BX 2024-KING C 144A FRN 05-15-34                                                                | CUSIP: 05612RAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      532983 | PA      | $534478.92     | 0.00%             | 2034-05-15      | Variable      | 6.09%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_24-KING                                      | BX 2024-KING A 144A FRN 05-15-34                                                                | CUSIP: 05612RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    17030793 | PA      | $17057599.31   | 0.08%             | 2034-05-15      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_24-KING                                      | BX 2024-KING D 144A FRN 05-15-34                                                                | CUSIP: 05612RAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      984045 | PA      | $988406.53     | 0.00%             | 2034-05-15      | Variable      | 6.64%                 | Yes           |                  2 | On Loan: No      |
| BMP 2024-MF23                                                                | BMP 2024-MF23 E 144A FRN 06-15-41                                                               | CUSIP: 05593JAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3611000 | PA      | $3620619.70    | 0.02%             | 2041-06-15      | Variable      | 7.54%                 | Yes           |                  2 | On Loan: No      |
| BX 2024-VLT4                                                                 | BX 2024-VLT4 E 144A FRN 07-15-29                                                                | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3998444 | PA      | $4012586.50    | 0.02%             | 2029-07-15      | Variable      | 7.04%                 | Yes           |                  2 | On Loan: No      |
| BBCMS 2024-5C27                                                              | BBCMS 2024-5C27 B FRN 07-15-57                                                                  | CUSIP: 05555FAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1828000 | PA      | $1917740.18    | 0.01%             | 2057-07-15      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V8                                                                | BMARK 2024-V8 B FRN 07-15-57                                                                    | CUSIP: 08190AAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1422000 | PA      | $1510802.48    | 0.01%             | 2057-07-15      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| BMO 2024-C9                                                                  | BMO 2024-C9 B FRN 07-15-57                                                                      | CUSIP: 05593MAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1422000 | PA      | $1509164.33    | 0.01%             | 2057-07-15      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| BX 2024-AIRC                                                                 | BX 2024-AIRC A 144A FRN 08-15-39                                                                | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    51594654 | PA      | $51765329.34   | 0.25%             | 2039-08-15      | Variable      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| BMO 2024-5C5                                                                 | BMO 2024-5C5 B FRN 02-15-57                                                                     | CUSIP: 05593RAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1620000 | PA      | $1695974.76    | 0.01%             | 2057-02-15      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C5                                                                 | BMO 2024-5C5 C FRN 02-15-57                                                                     | CUSIP: 05593RAH5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1175000 | PA      | $1219096.58    | 0.01%             | 2057-02-15      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| BOCA 2024-BOCA                                                               | BOCA 2024-BOCA C 144A FRN 08-15-41                                                              | CUSIP: 096817AE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1460000 | PA      | $1471504.80    | 0.01%             | 2041-08-15      | Variable      | 6.99%                 | Yes           |                  2 | On Loan: No      |
| BBCMS 2024-C28                                                               | BBCMS 2024-C28 B FRN 09-15-57                                                                   | CUSIP: 07336WBE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1590000 | PA      | $1634128.86    | 0.01%             | 2057-09-15      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V9 MORTGAGE TRUST                                             | BMARK 2024-V9 B 6.46569% 08-15-57                                                               | CUSIP: 081919AT9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      867000 | PA      | $902559.14     | 0.00%             | 2057-08-15      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR9                                                              | BANK5 2024-5YR9 B FRN 08-15-57                                                                  | CUSIP: 06644VBS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1866000 | PA      | $1947019.85    | 0.01%             | 2057-08-15      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C6                                                                 | BMO 2024-5C6 C FRN 09-15-57                                                                     | CUSIP: 05593QAH7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      575000 | PA      | $577360.38     | 0.00%             | 2057-09-15      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| BX 2024-AIR2                                                                 | BX 2024-AIR2 D 144A FRN 10-15-41                                                                | CUSIP: 05613QAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1392730 | PA      | $1399503.80    | 0.01%             | 2041-10-15      | Variable      | 6.94%                 | Yes           |                  2 | On Loan: No      |
| BMO 2024-5C7                                                                 | BMO 2024-5C7 B FRN 11-15-57                                                                     | CUSIP: 09660WAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1000000 | PA      | $1034185.00    | 0.01%             | 2057-11-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_24-C10                                                | BMO 2024-C10 B FRN 11-15-57                                                                     | CUSIP: 096920AJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      578000 | PA      | $594687.44     | 0.00%             | 2057-11-15      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| BX 2024-FNX                                                                  | BX 2024-FNX D 144A FRN 11-15-26                                                                 | CUSIP: 05593TAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     5393710 | PA      | $5415899.81    | 0.03%             | 2026-11-15      | Variable      | 7.09%                 | Yes           |                  2 | On Loan: No      |
| BBCMS 2024-C30                                                               | BBCMS 2024-C30 B FRN 11-15-57                                                                   | CUSIP: 05493YAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      707000 | PA      | $733066.38     | 0.00%             | 2057-11-15      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.0 FS5994 10-01-52                                                                   | CUSIP: 3140XMUU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   124412268 | PA      | $124071751.45  | 0.61%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BV3083 02-01-52                                                                   | CUSIP: 3140MGM99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1206053 | PA      | $975800.63     | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BV4169 03-01-52                                                                   | CUSIP: 3140MHT33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1682302 | PA      | $1360213.55    | 0.01%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 BV4172 03-01-52                                                                   | CUSIP: 3140MHT66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     1706201 | PA      | $1379675.47    | 0.01%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.5 SD8362 09-01-53                                                                   | CUSIP: 3132DWJF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     9581165 | PA      | $9683741.41    | 0.05%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 6.5 FS6873 01-01-54                                                                   | CUSIP: 3140XNT79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    13463634 | PA      | $13928977.16   | 0.07%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FS4377 04-01-52                                                                   | CUSIP: 3140XK2K5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      882891 | PA      | $776413.04     | 0.00%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FARM 2024-1                                                                  | FARM 2024-1 B 144A FRN 10-01-53                                                                 | CUSIP: 30335JAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     2070131 | PA      | $1848792.40    | 0.01%             | 2053-10-01      | Variable      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.5 FS5520 01-01-53                                                                   | CUSIP: 3140XMD29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    17740877 | PA      | $17295634.61   | 0.08%             | 2053-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 4.0 CB6626 07-01-53                                                                   | CUSIP: 3140QSLG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      360743 | PA      | $340376.49     | 0.00%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 SD5109 06-01-52                                                                   | CUSIP: 3132DSVA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     6940494 | PA      | $5622133.36    | 0.03%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 CB3155 03-01-52                                                                   | CUSIP: 3140QNQH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     8010452 | PA      | $6482634.57    | 0.03%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FS6986 07-01-52                                                                   | CUSIP: 3140XNXQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    10701895 | PA      | $8661268.68    | 0.04%             | 2052-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FS7329 06-01-52                                                                   | CUSIP: 3140XPEB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     5192109 | PA      | $4205078.95    | 0.02%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FS7498 04-01-52                                                                   | CUSIP: 3140XPKL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    17839161 | PA      | $14455875.04   | 0.07%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FS COMMERCIAL TRUST FS_23-4SZN                                               | FS 2023-4SZN D 144A FRN 11-10-39                                                                | CUSIP: 30334RAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2340000 | PA      | $2407125.24    | 0.01%             | 2039-11-10      | Variable      | 9.08%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD2602 12-01-52                                                                   | CUSIP: 3132DP3K2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     4393073 | PA      | $3866422.20    | 0.02%             | 2052-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FS7823 07-01-53                                                                   | CUSIP: 3140XPVR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    17690224 | PA      | $14339341.52   | 0.07%             | 2053-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 SD5343 03-01-52                                                                   | CUSIP: 3132DS5C2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     5397856 | PA      | $4373839.50    | 0.02%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QD8103 03-01-52                                                                   | CUSIP: 3133B6AC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1505206 | PA      | $1217612.12    | 0.01%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.0 FS1742 03-01-52                                                                   | CUSIP: 3140XG5C9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     3226643 | PA      | $2616417.34    | 0.01%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 QD8408 03-01-52                                                                   | CUSIP: 3133B6KV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1191284 | PA      | $964068.92     | 0.00%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.0 SD8160 08-01-51                                                                   | CUSIP: 3132DWB51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1913014 | PA      | $1552407.28    | 0.01%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.0 RJ2216 08-01-54                                                                   | CUSIP: 3142GSPA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    32146867 | PA      | $32937680.03   | 0.16%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 RJ2228 08-01-54                                                                   | CUSIP: 3142GSPN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     3503337 | PA      | $3629386.67    | 0.02%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 RJ2222 08-01-54                                                                   | CUSIP: 3142GSPG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    17171038 | PA      | $17899450.15   | 0.09%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 SD6034 08-01-54                                                                   | CUSIP: 3132DTV31<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     9890294 | PA      | $10309316.13   | 0.05%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                            | ALLIANT HOLDINGS INTERMEDIATE LLC 144A LIFE SR UNSEC 6.75% 10-15-27                             | CUSIP: 01883LAA1<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     3000000 | PA      | $3008832.00    | 0.01%             | 2027-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 SD6047 08-01-54                                                                   | CUSIP: 3132DTWG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     3594717 | PA      | $3762834.40    | 0.02%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 SD6035 08-01-54                                                                   | CUSIP: 3132DTV49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     2503874 | PA      | $2608863.54    | 0.01%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                                          | AVANTOR FUNDING INC 144A LIFE SR UNSEC 4.625% 07-15-28                                          | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     5785000 | PA      | $5695754.81    | 0.03%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| AES PANAMA GENERATION HOLDINGS SRL                                           | AES PANAMA GENERATION HOLDINGS SRL 144A LIFE SR SEC 1ST LIEN SF 4.375% 05-31-30                 | CUSIP: 00109AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |     2681388 | PA      | $2535909.68    | 0.01%             | 2030-05-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                     | ALBERTSONS COS INC 144A LIFE SR UNSEC 3.5% 03-15-29                                             | CUSIP: 013092AG6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |     5730000 | PA      | $5438234.13    | 0.03%             | 2029-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                            | ALLIANT HOLDINGS INTERMEDIATE LLC 144A LIFE SR SEC 1ST LIEN 4.25% 10-15-27                      | CUSIP: 01883LAB9<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     8668000 | PA      | $8531106.28    | 0.04%             | 2027-10-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.5 FS8467 07-01-54                                                                   | CUSIP: 3140XQMR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    26578188 | PA      | $27039320.07   | 0.13%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 6.5 SD5701 06-01-54                                                                   | CUSIP: 3132DTKN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     4518090 | PA      | $4707456.31    | 0.02%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                                                      | AMERICA MOVIL SAB DE CV MXN SR UNSEC 9.5% 01-27-31                                              | CUSIP: 02364WBL8<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |  1219000000 | PA      | $68418625.66   | 0.33%             | 2031-01-27      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AEGEA FINANCE SARL                                                           | AEGEA FINANCE SARL 144A LIFE SR UNSEC 9.0% 01-20-31                                             | CUSIP: 00775CAC0<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |     6569000 | PA      | $6969170.34    | 0.03%             | 2031-01-20      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                              | OIS RECFIX GBP 3.785% 09-16-25/09-16-30 LCH                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |           1 | NC      | $-978422.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                                             | ARETEC GROUP INC 144A LIFE SR SEC 1ST LIEN 10.0% 08-15-30                                       | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |     2475000 | PA      | $2699613.68    | 0.01%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ALABAMA POWER                                                                | ALABAMA POWER CO SR UNSEC 5.85% 11-15-33                                                        | CUSIP: 010392GB8<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |     2900000 | PA      | $3113764.80    | 0.02%             | 2033-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                                                 | AMS-OSRAM AG 144A LIFE SR UNSEC 12.25% 03-30-29                                                 | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |     5255000 | PA      | $5660065.91    | 0.03%             | 2029-03-30      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                      | BRISTOL-MYERS SQUIBB CO SR UNSEC 5.2% 02-22-34                                                  | CUSIP: 110122EH7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    14739000 | PA      | $15289899.60   | 0.07%             | 2034-02-22      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QD9323 04-01-52                                                                   | CUSIP: 3133B7LC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      126784 | PA      | $107537.16     | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 2.5 CB3995 03-01-52                                                                   | CUSIP: 3140QPNM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      299304 | PA      | $253530.65     | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                      | BRISTOL-MYERS SQUIBB CO SR UNSEC 5.5% 02-22-44                                                  | CUSIP: 110122EJ3<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     2825000 | PA      | $2857558.13    | 0.01%             | 2044-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                      | BRISTOL-MYERS SQUIBB CO SR UNSEC 5.55% 02-22-54                                                 | CUSIP: 110122EK0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     8416000 | PA      | $8393849.09    | 0.04%             | 2054-02-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BT7819 05-01-52                                                                   | CUSIP: 3140LWVM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      199500 | PA      | $175625.98     | 0.00%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD8284 01-01-53                                                                   | CUSIP: 3132DWFZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1960959 | PA      | $1724789.24    | 0.01%             | 2053-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD8263 11-01-52                                                                   | CUSIP: 3132DWFC2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1960804 | PA      | $1726332.85    | 0.01%             | 2052-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 5.0 MA4785 10-01-52                                                                   | CUSIP: 31418EJ76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   145716913 | PA      | $145295645.09  | 0.71%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QB8797 02-01-51                                                                   | CUSIP: 3133AFX22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1550530 | PA      | $1307997.83    | 0.01%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QC5527 08-01-51                                                                   | CUSIP: 3133AQD87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      585518 | PA      | $493916.35     | 0.00%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                      | BRISTOL-MYERS SQUIBB CO SR UNSEC 5.65% 02-22-64                                                 | CUSIP: 110122EL8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     3325000 | PA      | $3300049.20    | 0.02%             | 2064-02-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                             | BAT CAPITAL CORP SR UNSEC 6.0% 02-20-34                                                         | CUSIP: 05526DBZ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    15000000 | PA      | $16030890.00   | 0.08%             | 2034-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FS0831 03-01-52                                                                   | CUSIP: 3140XF4R9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    20313838 | PA      | $17864252.89   | 0.09%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 2.5 QD5204 01-01-52                                                                   | CUSIP: 3133B2X95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       53062 | PA      | $44812.26      | 0.00%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 5.0 SD8258 10-01-52                                                                   | CUSIP: 3132DWE74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    14913433 | PA      | $14871078.56   | 0.07%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD8220 06-01-52                                                                   | CUSIP: 3132DWDZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     3316757 | PA      | $2918775.73    | 0.01%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BLACKROCK FUNDING INC                                                        | BLACKROCK FUNDING INC SR UNSEC 5.0% 03-14-34                                                    | CUSIP: 09290DAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      514000 | PA      | $529877.46     | 0.00%             | 2034-03-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACKROCK FUNDING INC                                                        | BLACKROCK FUNDING INC SR UNSEC 5.25% 03-14-54                                                   | CUSIP: 09290DAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    12604000 | PA      | $12304440.73   | 0.06%             | 2054-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 RA6806 02-01-52                                                                   | CUSIP: 3133KNR39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    10526407 | PA      | $9257027.89    | 0.05%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 SD8242 09-01-52                                                                   | CUSIP: 3132DWEP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    17289074 | PA      | $15214506.08   | 0.07%             | 2052-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                                           | BAYTEX ENERGY CORP 144A LIFE SR UNSEC 7.375% 03-15-32                                           | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |     3790000 | PA      | $3713544.33    | 0.02%             | 2032-03-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                              | BAE SYSTEMS PLC 144A LIFE SR UNSEC 5.3% 03-26-34                                                | CUSIP: 05523RAL1<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    13303000 | PA      | $13790448.53   | 0.07%             | 2034-03-26      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BU7526 12-01-51                                                                   | CUSIP: 3140M9LG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      857073 | PA      | $755040.31     | 0.00%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QC3826 07-01-51                                                                   | CUSIP: 3133ANHB3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       22268 | PA      | $19617.30      | 0.00%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MIDSTREAM LLC                                                     | BLUE RACER MIDSTREAM LLC 144A LIFE SR UNSEC 7.0% 07-15-29                                       | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2815000 | PA      | $2921131.13    | 0.01%             | 2029-07-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                                                      | BPCE SA 144A LIFE SR NON PREF 5.936% 05-30-35/34                                                | CUSIP: 05571AAY1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    28000000 | PA      | $29342992.00   | 0.14%             | 2035-05-30      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 FS0124 01-01-52                                                                   | CUSIP: 3140XFD65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       41419 | PA      | $36466.48      | 0.00%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QD4944 01-01-52                                                                   | CUSIP: 3133B2P52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       34333 | PA      | $30246.09      | 0.00%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD                                                                 | BORR DRILLING LTD 144A LIFE SR SEC 1ST LIEN SF 10.0% 11-15-28                                   | CUSIP: 100018AA8<br>LEI: 254900WQF2MM46DNLY83 | Long             | DBT              | CORP              | US        |     2086732 | PA      | $2077900.64    | 0.01%             | 2028-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| BALTIMORE GAS AND ELECTRIC CO                                                | BALTIMORE GAS AND ELECTRIC CO SR UNSEC 5.3% 06-01-34                                            | CUSIP: 059165ER7<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |     3940000 | PA      | $4101055.38    | 0.02%             | 2034-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNCL UMBS 3.0 BT5284 12-01-51                                                                   | CUSIP: 3140LT2S2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      391575 | PA      | $344962.19     | 0.00%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                              | FNCL UMBS 3.0 QF0980 10-01-52                                                                   | CUSIP: 3133BNCR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       50449 | PA      | $44425.99      | 0.00%             | 2052-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                 | BROADCOM INC SR UNSEC 5.15% 11-15-31                                                            | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     8371000 | PA      | $8700407.22    | 0.04%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                         | BOSTON PROPERTIES LP SR UNSEC 5.75% 01-15-35                                                    | CUSIP: 10112RBJ2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    18868000 | PA      | $19298001.72   | 0.09%             | 2035-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                 | BROADCOM INC SR UNSEC 4.8% 10-15-34                                                             | CUSIP: 11135FCD1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     6845000 | PA      | $6895522.95    | 0.03%             | 2034-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                 | BROADCOM INC SR UNSEC 4.55% 02-15-32                                                            | CUSIP: 11135FCC3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     7771000 | PA      | $7828956.12    | 0.04%             | 2032-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                               | BRASKEM NETHERLANDS FINANCE BV 144A LIFE SR UNSEC 8.0% 10-15-34                                 | CUSIP: 10554TAJ4<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    12300000 | PA      | $4603275.00    | 0.02%             | 2034-10-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                            | EVERSOURCE ENERGY SR UNSEC 5.95% 07-15-34                                                       | CUSIP: 30040WAZ1<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |     3806000 | PA      | $4040221.24    | 0.02%             | 2034-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| EUROBANK SA                                                                  | EUROBANK SA EUR REG S SR UNSEC (B) 4.875% 04-30-31/30                                           | CUSIP: N/A<br>LEI: 213800KGF4EFNUQKAT69       | Long             | DBT              | CORP              | GR        |    23462000 | PA      | $29439180.72   | 0.14%             | 2031-04-30      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                         | EDISON INTERNATIONAL SR UNSEC 5.45% 06-15-29                                                    | CUSIP: 281020BA4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     1488000 | PA      | $1500121.25    | 0.01%             | 2029-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ERP OPERATING LP                                                             | ERP OPERATING LP SR UNSEC 4.65% 09-15-34                                                        | CUSIP: 26884ABP7<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              | CORP              | US        |     1376000 | PA      | $1360906.66    | 0.01%             | 2034-09-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDINGS INC                                              | KRONOS ACQUISITION HOLDINGS INC 144A LIFE SR UNSEC 10.75% 06-30-32                              | CUSIP: 50106GAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     7975000 | PA      | $4388889.73    | 0.02%             | 2032-06-30      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNERS LLC                                                | KRAKEN OIL & GAS PARTNERS LLC 144A LIFE SR UNSEC 7.625% 08-15-29                                | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |     2571000 | PA      | $2550421.72    | 0.01%             | 2029-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| KROGER CO                                                                    | KROGER CO SR UNSEC 5.5% 09-15-54                                                                | CUSIP: 501044DW8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |     6261000 | PA      | $6107599.24    | 0.03%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                         | KEURIG DR PEPPER INC SR UNSEC 5.15% 05-15-35                                                    | CUSIP: 49271VBB5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    10334000 | PA      | $10241707.05   | 0.05%             | 2035-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| KILROY REALTY LP                                                             | KILROY REALTY LP SR UNSEC 5.875% 10-15-35                                                       | CUSIP: 49427RAT9<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |     6167000 | PA      | $6254589.90    | 0.03%             | 2035-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                      | KODIAK GAS SERVICES LLC 144A LIFE SR UNSEC 6.5% 10-01-33                                        | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     2325000 | PA      | $2368712.33    | 0.01%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                      | KODIAK GAS SERVICES LLC 144A LIFE SR UNSEC 6.75% 10-01-35                                       | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     2325000 | PA      | $2388660.83    | 0.01%             | 2035-10-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| HJ HEINZ CO                                                                  | KRAFT HEINZ FOODS CO SR UNSEC 3.0% 06-01-26                                                     | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     2567000 | PA      | $2546145.69    | 0.01%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KASIKORNBANK PCL (HONG KONG BRANCH)                                          | KASIKORNBANK PCL REG S SUB 3.343% 10-02-31/26                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | HK        |     5000000 | PA      | $4901225.00    | 0.02%             | 2031-10-02      | Variable      | 3.34%                 | Yes           |                  2 | On Loan: No      |
| HJ HEINZ CO                                                                  | KRAFT HEINZ FOODS CO SR UNSEC 3.875% 05-15-27                                                   | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     2236000 | PA      | $2227060.47    | 0.01%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                           | KENNEDY-WILSON INC SR UNSEC 4.75% 03-01-29                                                      | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |     5020000 | PA      | $4800686.24    | 0.02%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                           | KENNEDY-WILSON INC SR UNSEC 5.0% 03-01-31                                                       | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |     5421000 | PA      | $5046831.74    | 0.02%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                           | KENNEDY-WILSON INC SR UNSEC 4.75% 02-01-30                                                      | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |     2375000 | PA      | $2219746.25    | 0.01%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KOREA HOUSING FINANCE CORP                                                   | KOREA HOUSING FINANCE CORP 144A LIFE SR UNSEC 4.625% 02-24-28                                   | CUSIP: 50065RAK3<br>LEI: 9884002AAOBT56QW9B80 | Long             | DBT              | USGA              | KR        |    14900000 | PA      | $15104070.40   | 0.07%             | 2028-02-24      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-GW                                                                   | BX 2025-GW B 144A FRN 07-15-42                                                                  | CUSIP: 12433GAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     3110000 | PA      | $3124598.34    | 0.02%             | 2042-07-15      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-VLT7                                                                 | BX 2025-VLT7 A 144A FRN 07-15-44                                                                | CUSIP: 123913AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     2000000 | PA      | $2008398.00    | 0.01%             | 2044-07-15      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-VLT7                                                                 | BX 2025-VLT7 B 144A FRN 07-15-44                                                                | CUSIP: 123913AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1922000 | PA      | $1932984.23    | 0.01%             | 2044-07-15      | Variable      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| VISTA ENERGY ARGENTINA SAU                                                   | VISTA ENERGY ARGENTINA SAU 144A LIFE SR UNSEC SF 7.625% 12-10-35                                | CUSIP: 92841RAA8<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |    15610000 | PA      | $15180725.00   | 0.07%             | 2035-12-10      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                                   | VERIZON COMMUNICATIONS INC SR UNSEC 5.25% 04-02-35                                              | CUSIP: 92343VGZ1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     3037000 | PA      | $3089491.51    | 0.02%             | 2035-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                           | VICI PROPERTIES LP SR UNSEC 5.625% 04-01-35                                                     | CUSIP: 925650AK9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     1874000 | PA      | $1920162.24    | 0.01%             | 2035-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                           | VENTURE GLOBAL PLAQUEMINES LNG LLC 144A LIFE SR SEC 1ST LIEN 7.5% 05-01-33                      | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     8733000 | PA      | $9655510.46    | 0.05%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                           | VENTURE GLOBAL PLAQUEMINES LNG LLC 144A LIFE SR SEC 1ST LIEN 7.75% 05-01-35                     | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     6616000 | PA      | $7471667.13    | 0.04%             | 2035-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                     | WARNERMEDIA HOLDINGS INC SR UNSEC 5.141% 03-15-52                                               | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     2535000 | PA      | $1891743.75    | 0.01%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                     | WARNERMEDIA HOLDINGS INC SR UNSEC 5.05% 03-15-42                                                | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    37904000 | PA      | $30283211.28   | 0.15%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                       | WESCO DISTRIBUTION INC 144A LIFE SR UNSEC 7.25% 06-15-28                                        | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     3095000 | PA      | $3137850.28    | 0.02%             | 2028-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| WEST VIRGINIA UNITED HEALTH SYSTEM OBLIGATED GROUP                           | WEST VIRGINIA UNITED HEALTH SYSTEM OBLIGATED GROUP SR SEC 1ST LIEN 3.129% 06-01-50              | CUSIP: 956708AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2775000 | PA      | $1784083.58    | 0.01%             | 2050-06-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                             | WELLS FARGO & CO SR UNSEC 4.611% 04-25-53/52                                                    | CUSIP: 95000U2Z5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |       98000 | PA      | $86157.48      | 0.00%             | 2053-04-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                             | WELLS FARGO & CO SR UNSEC 4.897% 07-25-33/32                                                    | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     4891000 | PA      | $4971080.34    | 0.02%             | 2033-07-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                             | WELLS FARGO & CO SR UNSEC 4.808% 07-25-28/27                                                    | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     9160000 | PA      | $9270167.32    | 0.05%             | 2028-07-25      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                                     | WYNN RESORTS FINANCE LLC 144A LIFE SR UNSEC 7.125% 02-15-31                                     | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     4845000 | PA      | $5218893.50    | 0.03%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| WOLFSPEED INC                                                                | WOLFSPEED INC 144A LIFE SR SEC 1ST LIEN PIK 12.875% 06-23-30                                    | CUSIP: 977852AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    10917123 | PA      | $11954249.69   | 0.06%             | 2030-06-23      | Variable      | 12.88%                | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                             | WELLS FARGO & CO SR UNSEC 5.557% 07-25-34/33                                                    | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    13020000 | PA      | $13680817.08   | 0.07%             | 2034-07-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                             | WELLS FARGO & CO SR UNSEC 6.491% 10-23-34/33                                                    | CUSIP: 95000U3H4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    15500000 | PA      | $17227413.00   | 0.08%             | 2034-10-23      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| XAI CORP                                                                     | X.AI LLC SR SEC 1ST LIEN 12.5% 06-30-30                                                         | CUSIP: 983984AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    17220000 | PA      | $18101629.56   | 0.09%             | 2030-06-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| YPF ENERGIA ELECTRICA SA                                                     | YPF ENERGIA ELECTRICA SA 144A LIFE SR UNSEC SF 7.875% 10-16-32                                  | CUSIP: 98424MAB9<br>LEI: 5493002XN8FRTYQLR778 | Long             | DBT              | CORP              | AR        |    11150000 | PA      | $10775426.90   | 0.05%             | 2032-10-16      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL INC                                                 | ZF NORTH AMERICA CAPITAL INC 144A LIFE SR UNSEC 6.75% 04-23-30                                  | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    13569000 | PA      | $13251811.06   | 0.06%             | 2030-04-23      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                     | ELECTRICITE DE FRANCE SA PRP 144A LIFE SUB (H) 9.125% 12-31-79/06-15-33                         | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |     9103000 | PA      | $10561509.97   | 0.05%             | 2079-12-31      | Variable      | 9.12%                 | Yes           |                  2 | On Loan: No      |
| EQUINOR ASA                                                                  | EQUINOR ASA SR UNSEC 3.7% 04-06-50                                                              | CUSIP: 29446MAH5<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |     1128000 | PA      | $877647.17     | 0.00%             | 2050-04-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                        | FNMA 0.875% 08-05-30                                                                            | CUSIP: 3135G05Q2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    19166000 | PA      | $16743103.28   | 0.08%             | 2030-08-05      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| JAPAN BANK FOR INTERNATIONAL COOPERATION                                     | JBIC GLOBAL SR UNSEC 1.25% 01-21-31                                                             | CUSIP: 471048CL0<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | USGA              | JP        |    11352000 | PA      | $9897173.09    | 0.05%             | 2031-01-21      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** American Funds Strategic Bond Fund

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Compliance Specialist Senior