# EDGAR Filing Document

**Accession Number:** 0001798618
**File Stem:** 0001099263-26-007346
**Filing Date:** 2026-5
**Character Count:** 630438
**Document Hash:** 16bd8a769cdb6bde8e1e5a2a132219d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-007346.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001099263-26-007346

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO Dynamic Income Opportunities Fund
- **CENTRAL INDEX KEY:** 0001798618

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23505
- **FILM NUMBER:** 261043721

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** (844) 312-2113

**MAIL ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIMCO Tactical Income Fund
- **DATE OF NAME CHANGE:** 20200102

## Nport-Ex

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** | **(AMOUNTS IN THOUSANDS\*, EXCEPT NUMBER OF SHARES, CONTRACTS, UNITS AND OUNCES, IF ANY)** |
|  | PRINCIPAL<br>AMOUNT<br>(000s) | MARKET<br>VALUE<br>(000s) |
| **INVESTMENTS IN SECURITIES 144.7% ¤** |  |  |
| **LOAN PARTICIPATIONS AND ASSIGNMENTS 35.3%**  |  |  |
| **Aligned Data Centers International LP**<br>7.223% due 12/18/2029 «~ | $8100 | $8153 |
| **Altice France SA**  |  |  |
| 6.391% (EUR003M + 4.375%) due 10/30/2028 ~ | 2273 | 2616 |
| 7.797% (TSFR3M + 4.125%) due 04/30/2028 ~ | $1115 | 1111 |
| 8.735% (TSFR3M + 5.063%) due 10/30/2028 ~ | 5266 | 5251 |
| 8.891% (EUR003M + 6.875%) due 05/30/2031 ~ | 75 | 87 |
| 9.047% (TSFR3M + 5.375%) due 05/14/2029 ~ | $4879 | 4858 |
| 10.547% (TSFR3M + 6.875%) due 05/31/2031 ~ | 8406 | 8439 |
| **Aston XLN Topco Ltd.**<br>9.846% due 07/30/2032 «~ | 3230 | 4143 |
| **Bausch Health Cos., Inc.**<br>9.918% (TSFR1M + 6.250%) due 10/08/2030 ~ | $5257 | 5087 |
| **Central Parent, Inc.**<br>6.950% (TSFR3M + 3.250%) due 07/06/2029 ~ | 19540 | 13997 |
| **Cerba Healthcare SAS**  |  |  |
| 5.839% (EUR006M + 3.700%) due 06/30/2028 ~ | 10900 | 9316 |
| 6.089% (EUR006M + 3.950%) due 02/16/2029 ~ | 8300 | 7085 |
| **Clover Holdings 2 LLC**<br>TBD% - 3.500% due 12/10/2029 ~µ | $1808 | 1666 |
| **Comexposium**  |  |  |
| TBD% (EUR012M + 0.000%) due 03/28/2031 «~ | 21515 | 30339 |
| TBD% (EUR012M + 0.000%) due 07/10/2031 «~ | 17436 | 24587 |
| **Coreweave Compute Acquisition Co. IV LLC**<br>9.669% - 9.700% (TSFR3M + 6.000%) due 05/16/2029 «~ | $12751 | 13141 |
| **Databricks, Inc.**  |  |  |
| 1.000% due 01/05/2032 ~µ | 852 | 847 |
| 8.171% (TSFR1M + 4.500%) due 01/05/2032 ~ | 3848 | 3829 |
| **Dun & Bradstreet Corp.**  |  |  |
| 0.500% - 5.500% due 08/26/2032 «~µ | 382 | 382 |
| 0.500% - 5.500% (TSFR1M + 5.500%) due 08/26/2032 «~ | 3809 | 3734 |
| **Envalior Finance GmbH**<br>7.526% (EUR003M + 5.500%) due 03/29/2030 ~ | 5200 | 5406 |
| **Envision Healthcare Corp.**<br>11.641% (TSFR3M + 7.875%) due 11/03/2028 «~ | $32617 | 33596 |
| **Espai Barca Fondo De Titulizacion (6.500% PIK)**<br>6.500% (EUR006M + 0.000%) due 06/30/2028 «~(c) | 7243 | 9170 |
| **Finastra USA, Inc.**  |  |  |
| 7.671% (TSFR3M + 4.000%) due 09/15/2032 ~ | $14100 | 13275 |
| 10.674% (TSFR3M + 7.000%) due 09/15/2033 ~ | 900 | 778 |
| **Forward Air Corp.**<br>8.167% (TSFR3M + 4.500%) due 12/19/2030 ~ | 7877 | 7688 |
| **Galaxy U.S. Opco, Inc.**<br>12.667% (TSFR3M + 5.250%) due 07/31/2030 ~ | 14719 | 12774 |
| **Gateway Casinos & Entertainment Ltd.**<br>9.936% (TSFR3M + 6.250%) due 12/18/2030 ~ | 33997 | 34082 |
| **Gray Television, Inc.**<br>8.918% (TSFR1M + 5.250%) due 06/04/2029 ~ | 56 | 56 |
| **Guardian**  |  |  |
| 1.000% due 08/29/2032 «~µ | 700 | 700 |
| 9.167% (TSFR3M + 5.500%) due 08/29/2032 «~ | 5100 | 5054 |
| **Harp Finco Ltd.**<br>8.727% due 03/27/2032 «~ | 5325 | 7099 |
| **Houghton Mifflin Harcourt Publishing Co.**<br>9.018% (TSFR1M + 5.250%) due 04/09/2029 ~ | $199 | 170 |
| **iHeartCommunications, Inc.**<br>9.557% (TSFR1M + 5.775%) due 05/01/2029 ~ | 6412 | 5640 |
| **Ineos U.S. Finance LLC**<br>6.918% (TSFR1M + 3.250%) due 02/18/2030 ~ | 10457 | 9169 |
| **Ivanti Software, Inc.**  |  |  |
| 8.411% (TSFR3M + 4.750%) due 06/01/2029 ~ | 11273 | 7650 |
| 9.411% (TSFR3M + 5.750%) due 06/01/2029 ~µ | 1503 | 1505 |
| **J&J Ventures Gaming LLC**<br>8.782% (TSFR1M + 5.000%) due 04/26/2028 «~ | 2551 | 2551 |
| **McAfee LLC**<br>6.668% (TSFR1M + 3.000%) due 03/01/2029 ~ | 1094 | 981 |
| **MPH Acquisition Holdings LLC**  |  |  |
| 7.417% (TSFR3M + 3.750%) due 12/31/2030 ~ | 283 | 283 |
| 8.528% (TSFR3M + 4.600%) due 12/31/2030 ~ | 5127 | 4565 |
| **Newfold Digital Holdings Group, Inc.**  |  |  |
| 7.269% - 9.442% (TSFR1M + 3.500%) due 04/30/2029 ~ | 8353 | 5806 |
| 7.269% - 9.442% (TSFR3M + 5.750%) due 04/30/2029 «~ | 804 | 611 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Nscale AS**<br>TBD% - 8.700% (TSFR3M + 5.000%) due 08/11/2032 «~µ | 4800 | 4800 |
| **Obol France 3 SAS**<br>7.103% (EUR006M + 5.000%) due 12/31/2028 ~ | 5627 | 6451 |
| **OCS Group Holdings Ltd.**<br>8.980% - 9.719% due 11/28/2031 ~ | 2400 | 3166 |
| **Paradigm Parent LLC**<br>8.200% (TSFR3M + 4.500%) due 04/16/2032 ~ | $3582 | 2973 |
| **Peraton Corp.**  |  |  |
| 7.517% (TSFR3M + 3.750%) due 02/01/2028 ~ | 42782 | 36614 |
| 11.523% (TSFR3M + 7.750%) due 02/01/2029 ~ | 1229 | 891 |
| **Polaris Newco LLC**  |  |  |
| 6.026% (EUR003M + 4.000%) due 06/02/2028 ~ | 1948 | 1918 |
| 7.928% (TSFR3M + 4.000%) due 06/02/2028 ~ | $31624 | 27918 |
| **Poseidon Bidco SASU**<br>7.504% (EUR006M + 5.000%) due 03/13/2030 ~ | 12700 | 4404 |
| **Project Quasar Pledgco SLU**<br>5.190% (EUR001M + 3.250%) due 04/15/2026 «~ | 5118 | 5878 |
| **Promotora de Informaciones SA**<br>7.499% (EUR003M + 5.470%) due 12/31/2029 «~ | 39500 | 44629 |
| **Puris LLC**<br>9.420% - 9.451% (TSFR3M + 5.750%) due 06/30/2031 «~ | $4161 | 4021 |
| **Republic of Kenya Government International Bonds**<br>9.186% (JY0003M + 5.400%) due 04/05/2028 «~ | 4167 | 4129 |
| **SCUR-Alpha 1503 GmbH**<br>9.167% (TSFR3M + 5.500%) due 03/29/2030 ~ | 16022 | 14099 |
| **Softbank Vision Fund II**<br>7.350% (TSFR3M + 3.650%) due 04/25/2029 «~ | 6389 | 6496 |
| **Spruce Bidco II, Inc.**  |  |  |
| 0.500% - 8.371% (TSFR6M + 4.750%) due 01/30/2032 «~µ | 596 | 595 |
| 0.500% - 8.371% (JY0003M + 5.000%) due 01/30/2032 «~ | 50917 | 318 |
| 0.500% - 8.371% (CDOR06 + 4.750%) due 01/30/2032 «~ | 475 | 339 |
| 0.500% - 8.371% (TSFR6M + 4.750%) due 01/30/2032 «~ | $2624 | 2602 |
| **Steenbok Lux Finco 2 SARL**<br>1TBD% due 12/31/2028 ~ | 64615 | 20323 |
| **Stepstone Group Midco 2 GmbH**  |  |  |
| 6.599% (EUR006M + 4.500%) due 04/26/2032 ~ | 18600 | 18885 |
| 8.199% (TSFR6M + 4.500%) due 12/19/2031 ~ | $4970 | 4373 |
| **Strategic Gaming Commitment**<br>10.672% (TSFR3M + 7.000%) due 10/15/2030 «~ | 5500 | 5610 |
| **Subcalidora 2**<br>7.877% (EUR003M + 5.750%) due 08/14/2029 «~ | 14400 | 16269 |
| **Transnet SOC Ltd.**<br>10.658% due 03/02/2028 «~ | 59751 | 3485 |
| **U.S. Renal Care, Inc.**  |  |  |
| 1.500% - 9.675% (TSFR1M + 6.000%) due 09/25/2030 «~ | $17019 | 17339 |
| 8.782% (TSFR1M + 5.000%) due 06/28/2028 ~ | 40867 | 38598 |
| **Unicorn Bay**<br>13.000% due 12/31/2026 «~ | 78785 | 10173 |
| **Upfield BV**<br>TBD% due 10/31/2030 | 16900 | 21418 |
| Total Loan Participations and Assignments (Cost $688,674) |  | 645991 |
| **CORPORATE BONDS & NOTES 29.9%**  |  |  |
| **BANKING & FINANCE 6.2%**  |  |  |
| **123 Lights Re Ltd.** <br>14.510% (FHMMUSTF + 11.000%) due 09/14/2031 ~ | $350 | 361 |
| **Alamo Re Ltd.**  |  |  |
| 11.944% (FHMMUSTF + 8.434%) due 06/07/2027 ~(k)  | 550 | 570 |
| 15.390% (FHMMUSTF + 11.880%) due 06/08/2026 ~  | 250 | 255 |
| **Armor Holdco, Inc.** <br>8.500% due 11/15/2029 (k) | 3100 | 2834 |
| **Armor RE II Ltd.**  |  |  |
| 12.060% (BRMMUSDF + 8.500%) due 01/07/2032 ~  | 250 | 265 |
| 13.760% (BRMMUSDF + 10.200%) due 05/07/2031 ~  | 250 | 263 |
| **Blue Ridge Re Ltd.** <br>7.010% (FHMMUSTF + 3.500%) due 01/08/2029 ~ | 250 | 251 |
| **Bonanza RE Ltd.** <br>3.659% (MSMMUSTF + 0.000%) due 01/08/2027 ~ | 400 | 339 |
| **Cape Lookout Re Ltd.**  |  |  |
| 8.760% (FHMMUSTF + 5.250%) due 03/21/2033 ~  | 350 | 350 |
| 9.510% (FHMMUSTF + 6.000%) due 03/21/2033 ~  | 350 | 350 |
| 12.239% (GSMMUSTF + 8.702%) due 04/05/2027 ~(k)  | 1800 | 1828 |
| **Citrus Re Ltd.**  |  |  |
| 8.922% (T-BILL 3MO + 5.250%) due 06/07/2033 ~  | 250 | 250 |
| 9.910% (T-BILL 3MO + 6.250%) due 06/07/2033 ~  | 250 | 250 |
| **Corestate Capital Holding SA (10.000% Cash or 11.000% PIK)** <br>10.000% due 12/31/2026 (c) | 223 | 238 |
| **Credit Suisse AG AT1 Claim**  | $800 | 280 |
| **East Lane Re VII Ltd.** <br>12.160% (BRMMUSDF + 8.500%) due 03/31/2032 ~ | 450 | 451 |
| **Everglades Re II Ltd.**  |  |  |
| 14.041% (GSMMUSTI + 10.500%) due 05/13/2027 ~  | 500 | 507 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 15.041% (GSMMUSTI + 11.500%) due 05/13/2031 ~  | 500 | 508 |
| 16.291% (GSMMUSTI + 12.750%) due 05/13/2027 ~  | 500 | 509 |
| **Fairfax India Holdings Corp.** <br>5.000% due 02/26/2028 (k) | 18350 | 17518 |
| **Gateway Re Ltd.** <br>5.560% (BRMMUSDF + 2.000%) due 07/06/2029 ~ | 2050 | 2050 |
| **Golden Bear Re Ltd.**  |  |  |
| 13.162% (T-BILL 1MO + 9.500%) due 03/08/2032 ~  | 500 | 500 |
| 13.412% (JMMMUSTF + 9.750%) due 01/08/2029 ~  | 1080 | 1100 |
| **Greengrove RE Ltd.** <br>11.290% (BNMMDTSC + 7.750%) due 04/08/2032 ~ | 300 | 311 |
| **Herbie Re Ltd.** <br>7.780% (MSMMUSTF + 4.250%) due 01/07/2030 ~ | 250 | 250 |
| **Hestia Re Ltd.**  |  |  |
| 3.640% (BNMMDTSC + 0.100%) due 04/22/2029 ~  | 67 | 37 |
| 10.290% (BNMMDTSC + 6.750%) due 03/13/2032 ~  | 250 | 254 |
| 11.790% (BNMMDTSC + 8.250%) due 03/13/2032 ~  | 250 | 255 |
| **Integrity RE III Ltd.**  |  |  |
| 15.760% (FHMMUSTF + 12.250%) due 06/06/2028 ~  | 400 | 416 |
| 29.010% (FHMMUSTF + 25.500%) due 06/06/2027 ~  | 300 | 330 |
| **Integrity Re Ltd.**  |  |  |
| 20.744% (FHMMUSTF + 17.234%) due 06/08/2026 ~(k)  | 900 | 926 |
| 26.306% (FHMMUSTF + 22.796%) due 06/08/2026 ~  | 900 | 935 |
| **ION Platform Finance SARL**  |  |  |
| 6.500% due 09/30/2030 (k)  | 6500 | 6276 |
| 6.875% due 09/30/2032 (k)  | 4700 | 4343 |
| 7.875% due 05/01/2029 (k)  | 13990 | 15091 |
| **ION Platform Finance U.S., Inc.** <br>7.875% due 09/30/2032 (k) | $500 | 388 |
| **ION Platform Finance U.S., Inc./ION Platform Finance SARL**  |  |  |
| 5.000% due 05/01/2028 (k)  | 1300 | 1216 |
| 8.750% due 05/01/2029 (k)  | 3500 | 3259 |
| 9.000% due 08/01/2029 (k)  | 5100 | 4734 |
| 9.500% due 05/30/2029 (k)  | 2700 | 2545 |
| **Locke Tavern Re Ltd.**  |  |  |
| 4.060% (JMMMUSTF + 3.250%) due 04/11/2033 ~  | 300 | 300 |
| 4.060% (JMMMUSTF + 4.250%) due 04/11/2033 ~  | 300 | 300 |
| **Longleaf Pine Re Ltd.** <br>21.473% (GSMMUSTI + 17.932%) due 05/27/2031 ~ | 280 | 296 |
| **Luca RE Ltd.** <br>10.810% (JMMMUSTF + 7.250%) due 07/22/2031 ~(k) | 700 | 721 |
| **Nature Coast Re Ltd.**  |  |  |
| 11.661% (T-BILL 3MO + 8.000%) due 02/26/2030 ~  | 400 | 399 |
| 13.291% (GSMMUSTI + 9.750%) due 04/10/2033 ~  | 250 | 259 |
| **Palm RE Ltd.** <br>11.290% (BNMMDTSC + 7.750%) due 06/07/2032 ~ | 300 | 309 |
| **Polestar Re Ltd.**  |  |  |
| 14.150% (BRMMUSDF + 10.590%) due 01/07/2028 ~  | 600 | 629 |
| 16.810% (BRMMUSDF + 13.250%) due 01/07/2027 ~  | 1800 | 1861 |
| **Purple Re Ltd.**  |  |  |
| 6.060% (JMMMUSTF + 2.500%) due 06/07/2033 ~  | 350 | 350 |
| 12.686% (JMMMUSTF + 9.126%) due 06/07/2027 ~  | 300 | 309 |
| **Quercus II Re DAC** <br>13.079% (EUR003M + 11.000%) due 01/07/2028 ~ | 350 | 404 |
| **Quercus Re DAC** <br>10.020% (EUR003M + 8.000%) due 07/08/2027 ~ | 250 | 299 |
| **Sanders Re III Ltd.** <br>15.880% (BRMMUSDF + 12.320%) due 04/09/2029 ~ | $4164 | 2707 |
| **Thames Ssnm Unfunded Comm** <br>9.750% due 10/10/2027 | 105 | 133 |
| **Titanium 2l Bondco SARL** <br>6.250% due 01/14/2031 | 20125 | 3780 |
| **Torrey Pines Re Ltd.**  |  |  |
| 9.596% (JMMMUSTF + 6.036%) due 06/07/2027 ~(k)  | $400 | 414 |
| 10.666% (JMMMUSTF + 7.106%) due 06/07/2027 ~  | 300 | 311 |
| 12.938% (BRMMUSDF + 9.378%) due 06/05/2026 ~  | 300 | 303 |
| **Tremont Re Ltd.** <br>7.661% (T-BILL 1MO + 4.000%) due 03/22/2033 ~ | 250 | 250 |
| **Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC** <br>6.000% due 01/15/2030 (k) | 20302 | 19117 |
| **Ursa Re II Ltd.** <br>11.411% (MSMMUSTF + 7.750%) due 06/07/2028 ~ | 500 | 505 |
| **Ursa Re Ltd.**  |  |  |
| 11.041% (GSMMUSTI + 7.500%) due 02/22/2028 ~(k)  | 900 | 920 |
| 12.810% (JMMMUSTF + 9.250%) due 12/07/2028 ~(k)  | 2000 | 2057 |
| **Veraison Re Ltd.** <br>7.691% (GSMMUSTI + 4.150%) due 03/08/2034 ~ | 250 | 250 |
| **Voyager Aviation Holdings LLC** <br>8.500% due 05/09/2026 ^«(d) | 21907 | 0 |
| **Windrose Re Ltd.** <br>8.790% (HSMMUSTF + 5.250%) due 02/11/2033 ~ | 250 | 249 |
| **Winston RE Ltd.**  |  |  |
| 13.750% (BNMMDTSC + 10.210%) due 02/26/2031 ~  | 250 | 260 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 15.230% (BNMMDTSC + 11.690%) due 02/26/2031 ~  | 1400 | 1461 |
|  |  | 112546 |
| **INDUSTRIALS 20.8%**  |  |  |
| **Altice France Lux 3/Altice Holdings 1** <br>10.000% due 01/15/2033 (k) | 8115 | 7384 |
| **Altice France SA** <br>9.500% due 11/01/2029 (k) | 3329 | 3366 |
| **ams-OSRAM AG**  |  |  |
| 10.500% due 03/30/2029 (k)  | 12100 | 14697 |
| 12.250% due 03/30/2029 (k)  | $5550 | 5908 |
| **APLD ComputeCo 2 LLC** <br>6.750% due 03/15/2031 (k) | 1100 | 1093 |
| **Aston Martin Capital Holdings Ltd.**  |  |  |
| 10.000% due 03/31/2029 (k)  | 9600 | 7232 |
| 10.375% due 03/31/2029 (k)  | 3924 | 4017 |
| **Beignet Investor LLC** <br>6.581% due 05/30/2049 (k) | $5190 | 5340 |
| **Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.** <br>8.000% due 06/15/2029 (k) | 7470 | 5560 |
| **Central Parent, Inc./CDK Global, Inc.** <br>7.250% due 06/15/2029 (k) | 7900 | 5694 |
| **Cheplapharm Arzneimittel GmbH** <br>7.500% due 05/15/2030 (k) | 1100 | 1284 |
| **Cogent Communications Group LLC/Cogent Finance, Inc.** <br>7.000% due 06/15/2027 (k) | $1740 | 1720 |
| **CoreWeave, Inc.** <br>9.000% due 02/01/2031 (k) | 2600 | 2477 |
| **Directv Financing LLC** <br>8.875% due 02/01/2030 (k) | 300 | 300 |
| **DISH DBS Corp.**  |  |  |
| 5.250% due 12/01/2026 (k)  | 30500 | 30256 |
| 5.750% due 12/01/2028 (k)  | 13400 | 12968 |
| 7.750% due 07/01/2026 (k)  | 14600 | 14568 |
| **Ecopetrol SA**  |  |  |
| 4.625% due 11/02/2031 (k)  | 1400 | 1245 |
| 7.750% due 02/01/2032 (k)  | 31500 | 31837 |
| **Flora Food Management BV** <br>7.500% due 10/31/2030 | 1400 | 1604 |
| **GSG Bidco Ltd.** <br>6.375% due 06/15/2051 | 2600 | 2985 |
| **Incora Intermediate II LLC (0.500% PIK)** <br>0.500% due 01/31/2030 «(c) | $31029 | 31029 |
| **Incora Top Holdco LLC** <br>6.000% due 01/30/2033 «(j) | 21568 | 32666 |
| **JetBlue Airways Corp./JetBlue Loyalty LP** <br>9.875% due 09/20/2031 (k) | 3624 | 3430 |
| **Motion Finco SARL** <br>7.375% due 06/15/2030 (k) | 3600 | 3612 |
| **MPH Acquisition Holdings LLC** <br>5.750% due 12/31/2030 (k) | $17000 | 13024 |
| **MPH Acquisition Holdings LLC (6.500% Cash and 5.000% PIK)** <br>11.500% due 12/31/2030 (c)(k) | 8983 | 8129 |
| **National Mentor Holdings, Inc.** <br>10.500% due 12/15/2030 (k) | 2900 | 2996 |
| **Newfold Digital Holdings Group, Inc.** <br>7.269% due 04/30/2029 | 10077 | 4310 |
| **Nissan Motor Co. Ltd.** <br>7.500% due 07/17/2030 (k) | 900 | 908 |
| **Ocado Group PLC**  |  |  |
| 10.500% due 08/08/2029 (k)  | 11900 | 15576 |
| 11.000% due 06/15/2030 (k)  | 7300 | 9650 |
| **Petroleos de Venezuela SA**  |  |  |
| 5.375% due 04/12/2027 ^(d)  | $200 | 67 |
| 6.000% due 11/15/2026 ^(d)  | 8900 | 3062 |
| 9.750% due 05/17/2035 ^(d)  | 4200 | 1755 |
| **Petroleos Mexicanos** <br>6.700% due 02/16/2032 (k) | 4206 | 4120 |
| **ProFrac Holdings II LLC** <br>10.932% (TSFR3M + 7.250%) due 01/23/2029 ~(k) | 5363 | 5350 |
| **Sonangol Finance Ltd.** <br>10.000% due 01/29/2031 | 5700 | 5684 |
| **Thames Water Super Senior Issuer PLC** <br>9.750% due 10/10/2027 | 452 | 653 |
| **Times Square Hotel Trust** <br>8.528% due 08/01/2026 | $59 | 59 |
| **Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC**  |  |  |
| 8.250% due 05/15/2030 (k)  | 12200 | 12223 |
| 9.500% due 05/15/2030 (k)  | $3117 | 2756 |
| **Turkish Airlines Pass-Through Trust** <br>4.200% due 09/15/2028 (k) | 71 | 71 |
| **U.S. Renal Care, Inc.** <br>10.625% due 06/28/2028 | 7141 | 5962 |
| **Ubisoft Entertainment SA** <br>0.878% due 11/24/2027 (k) | 7700 | 7190 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Vale SA** <br>0.000% due 12/29/2049 ~(i) | 340000 | 28763 |
| **Venture Global LNG, Inc.** <br>9.500% due 02/01/2029 (k) | $3282 | 3550 |
| **Viridien**  |  |  |
| 8.500% due 10/15/2030 (k)  | 4702 | 5720 |
| 10.000% due 10/15/2030 (k)  | $3642 | 3879 |
| **VZ Secured Financing BV** <br>7.500% due 01/15/2033 (k) | 3200 | 3019 |
|  |  | 380748 |
| **UTILITIES 2.9%**  |  |  |
| **Altice Holdings 1 SARL** <br>0.010% due 12/31/2099 « | 38 | 522 |
| **Gazprom PJSC via Gaz Finance PLC** <br>3.000% due 06/29/2027 | $200 | 173 |
| **NGD Holdings BV** <br>6.750% due 12/31/2026 (k) | 720 | 672 |
| **OI SA (10.000% Cash or 6.000% PIK and 7.500% Cash or 13.500% PIK)** <br>10.000% due 06/30/2027 ^(c)(d)(k) | 33262 | 16132 |
| **OI SA (8.500% PIK)** <br>8.500% due 12/31/2028 ^(c)(d) | 69007 | 733 |
| **Peru LNG SRL** <br>5.375% due 03/22/2030 (k) | 11086 | 10768 |
| **Petersen Claim Units** <br>0.000% due 12/31/2099 «(j) | 121 | 543 |
| **Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC** <br>6.500% due 02/15/2029 (k) | 24704 | 24015 |
|  |  | 53558 |
| Total Corporate Bonds & Notes (Cost $652,791) |  | 546852 |
| **CONVERTIBLE BONDS & NOTES 0.4%**  |  |  |
| **BANKING & FINANCE 0.1%**  |  |  |
| **Corestate Capital Holding SA (8.000% Cash or 9.000% PIK)** <br>8.000% due 12/31/2028 (c) | 1859 | 1117 |
| **INDUSTRIALS 0.3%**  |  |  |
| **DISH Network Corp.** <br>3.375% due 08/15/2026 | $3700 | 3595 |
| **Ubisoft Entertainment SA** <br>2.375% due 11/15/2028 | 3000 | 3311 |
|  |  | 6906 |
| Total Convertible Bonds & Notes (Cost $9,240) |  | 8023 |
| **MUNICIPAL BONDS & NOTES 0.1%**  |  |  |
| **WEST VIRGINIA 0.1%**  |  |  |
| **Tobacco Settlement Finance Authority, West Virginia Revenue Bonds, Series 2007** <br>0.000% due 06/01/2047 (g) | $25000 | 2323 |
| Total Municipal Bonds & Notes (Cost $4,207) |  | 2323 |
| **U.S. GOVERNMENT AGENCIES 5.9%**  |  |  |
| **Federal Home Loan Mortgage Corp. REMICS**  |  |  |
| 2.000% due 11/25/2050 - 01/25/2051 (a)(k) | 16277 | 1598 |
| 2.213% due 07/15/2042 •(a)(k) | 1329 | 128 |
| 2.413% due 03/15/2043 •(a)(k) | 6184 | 591 |
| 2.413% due 11/15/2047 •(a) | 171 | 25 |
| 3.000% due 11/25/2050 - 09/25/2051 (a)(k) | 36852 | 5482 |
| 3.500% due 04/25/2041 (a)(k) | 6130 | 638 |
| 4.000% due 11/25/2048 - 06/25/2051 (a)(k) | 11043 | 2283 |
| 4.500% due 12/25/2050 (a)(k) | 3504 | 788 |
| **Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer Trust**  |  |  |
| 2.626% due 06/25/2057 ~(a) | 5011 | 984 |
| 3.429% due 05/25/2057 ~(k) | 18114 | 7798 |
| 4.250% due 09/25/2060 (k) | 5706 | 5586 |
| 4.250% due 03/25/2061 ~ | 3263 | 3049 |
| 12.435% due 09/25/2060 ~ | 4178 | 3292 |
| 13.072% due 11/25/2060 ~ | 5393 | 4192 |
| **Federal Home Loan Mortgage Corp. STACR REMICS Trust**  |  |  |
| 8.412% due 01/25/2051 •(k) | 1700 | 1902 |
| 10.762% due 01/25/2042 •(k) | 4800 | 4982 |
| 11.162% due 10/25/2041 •(k) | 23500 | 24175 |
| 11.462% due 11/25/2041 •(k) | 14300 | 14789 |
| **Federal National Mortgage Association Connecticut Avenue Securities Trust**  |  |  |
| 9.162% due 12/25/2041 •(k) | 8900 | 9117 |
| 9.662% due 10/25/2041 •(k) | 7100 | 7248 |
| **Federal National Mortgage Association Interest STRIPS**  |  |  |
| 3.500% due 05/25/2030 (a) | 1649 | 59 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 5.000% due 08/25/2043 (a)(k) | 1936 | 384 |
| **Federal National Mortgage Association REMICS**  |  |  |
| 2.500% due 04/25/2049 - 02/25/2050 (a)(k) | 18088 | 2489 |
| 3.000% due 12/25/2032 - 01/25/2051 (a)(k) | 10052 | 1580 |
| 4.000% due 09/25/2051 (a)(k) | 19840 | 4789 |
| Total U.S. Government Agencies (Cost $110,436) |  | 107948 |
| **U.S. TREASURY OBLIGATIONS 0.1%**  |  |  |
| **U.S. Treasury Bonds**  |  |  |
| 4.875% due 08/15/2045 (m)(o) | 935 | 932 |
| **U.S. Treasury Notes**  |  |  |
| 4.250% due 08/15/2035 (m)(o) | 1520 | 1515 |
| Total U.S. Treasury Obligations (Cost $2,518) |  | 2447 |
| **NON-AGENCY MORTGAGE-BACKED SECURITIES 29.6%**  |  |  |
| **280 Park Avenue Mortgage Trust** <br>6.797% due 09/15/2034 •(k) | 4750 | 4619 |
| **Adjustable Rate Mortgage Trust**  |  |  |
| 4.360% due 02/25/2036 ~(k)  | 5770 | 3647 |
| 4.360% due 02/25/2036 ~  | 965 | 606 |
| **Ashford Hospitality Trust**  |  |  |
| 5.245% due 04/15/2035 •(k)  | 4000 | 3981 |
| 5.945% due 04/15/2035 •(k)  | 2500 | 2473 |
| 6.945% due 04/15/2035 •(k)  | 8700 | 8584 |
| **Atrium Hotel Portfolio Trust** <br>7.020% due 12/15/2036 •(k) | 1111 | 1052 |
| **Banc of America Funding Trust**  |  |  |
| 4.033% due 06/26/2036 •(k)  | 2624 | 2262 |
| 5.750% due 05/26/2036  | 264 | 147 |
| 8.365% due 09/26/2036 ~(k)  | 3729 | 2721 |
| **BBCCRE Trust**  |  |  |
| 3.966% due 08/10/2033 (k)  | 3000 | 2805 |
| 4.563% due 08/10/2033 ~(k)  | 16650 | 13362 |
| **BBCMS Mortgage Trust**  |  |  |
| 3.688% due 02/15/2053 ~(k)  | 15650 | 11655 |
| 4.970% due 07/15/2037 •(k)  | 7000 | 6815 |
| 7.520% due 07/15/2037 •(k)  | 2100 | 1551 |
| **BCP Trust**  |  |  |
| 6.279% due 06/15/2038 •(k)  | 10000 | 1384 |
| 7.425% due 06/15/2038 •(k)  | 5000 | 377 |
| **Bear Stearns Commercial Mortgage Securities Trust** <br>5.566% due 01/12/2045 ~ | 15 | 14 |
| **Beast Mortgage Trust**  |  |  |
| 4.837% due 03/15/2036 •(k)  | 4000 | 3565 |
| 7.237% due 03/15/2036 •(k)  | 5750 | 931 |
| 8.237% due 03/15/2036 •(k)  | 7125 | 780 |
| **Benchmark Mortgage Trust** <br>2.437% due 09/15/2048 (k) | 4103 | 3519 |
| **BSREP Commercial Mortgage Trust** <br>4.737% due 08/15/2038 •(k) | 2274 | 2164 |
| **BSST Mortgage Trust** <br>4.973% due 02/15/2037 •(k) | 3000 | 2654 |
| **BXP Trust** <br>3.552% due 08/13/2037 ~(k) | 2963 | 2478 |
| **CHL Mortgage Pass-Through Trust** <br>5.193% due 08/25/2035 •(k) | 2135 | 1631 |
| **Citigroup Commercial Mortgage Trust** <br>3.790% due 12/15/2072 ~(k) | 6250 | 2349 |
| **Citigroup Mortgage Loan Trust, Inc.** <br>4.515% due 08/25/2036 ~(k) | 972 | 885 |
| **CLNY Trust**  |  |  |
| 6.059% due 11/15/2038 •  | 482 | 462 |
| 6.755% due 11/15/2038 •(k)  | 10000 | 9428 |
| **COLT Mortgage Loan Trust** <br>7.899% due 04/25/2068 ~(k) | 3288 | 3285 |
| **COMM Mortgage Trust**  |  |  |
| 4.920% due 06/15/2034 •(k)  | 3065 | 2893 |
| 5.120% due 06/15/2034 •(k)  | 5000 | 4622 |
| 5.370% due 06/15/2034 •  | 500 | 452 |
| 6.214% due 06/15/2034 •(k)  | 7400 | 5106 |
| 8.787% due 12/15/2038 •(k)  | 5000 | 4674 |
| **Countrywide Alternative Loan Trust** <br>6.250% due 12/25/2036 (k) | 4523 | 1753 |
| **CSMC Trust**  |  |  |
| 0.000% due 02/25/2067 ~(a)  | 330438 | 65 |
| 0.005% due 02/25/2067 ~(a)  | 330438 | 129 |
| 3.525% due 01/25/2058 ~(k)  | 9148 | 7415 |
| 3.965% due 01/25/2060 ~(k)  | 8144 | 6300 |
| 4.000% due 02/25/2067 ~(k)  | 23825 | 17429 |
| 4.052% due 02/25/2067 ~  | 9126 | 1173 |
| 6.287% due 10/15/2037 •(k)  | 2000 | 1942 |
| 6.994% due 07/15/2032 •(k)  | 19982 | 19878 |
| **Deutsche Mortgage & Asset Receiving Corp.** <br>4.268% due 11/27/2036 •(k) | 5847 | 5927 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **DOLP Trust**  |  |  |
| 0.665% due 05/10/2041 ~(a)(k)  | 309500 | 8128 |
| 3.704% due 05/10/2041 ~(k)  | 32400 | 24715 |
| **DROP Mortgage Trust** <br>6.537% due 10/15/2043 •(k) | 5500 | 5380 |
| **Great Hall Mortgages No. 1 PLC** <br>7.715% due 06/18/2039 •(k) | 1940 | 2510 |
| **Greenwood Park CLO Ltd.** <br>1.000% due 04/15/2031 « | $27000 | 1 |
| **GS Mortgage Securities Corp. Trust**  |  |  |
| 3.104% due 05/10/2034  | 1116 | 835 |
| 6.520% due 11/15/2032 •(k)  | 10782 | 10751 |
| **GS Mortgage-Backed Securities Corp. Trust**  |  |  |
| 0.000% due 12/25/2060 ~  | 134 | 128 |
| 0.000% due 12/25/2060 ~(a)  | 148832 | 4717 |
| 0.165% due 12/25/2060 ~(a)  | 127831 | 1025 |
| 3.923% due 12/25/2060 ~(k)  | 34468 | 23357 |
| **GSR Mortgage Loan Trust** <br>6.250% due 08/25/2036 (k) | 3998 | 1044 |
| **JP Morgan Alternative Loan Trust** <br>4.073% due 03/25/2037 •(k) | 10242 | 8926 |
| **JP Morgan Chase Commercial Mortgage Securities Trust**  |  |  |
| 1.974% due 01/05/2040  | 700 | 650 |
| 2.287% due 03/05/2042 (k)  | 7000 | 6582 |
| 4.248% due 07/05/2033 (k)  | 800 | 766 |
| 5.537% due 12/15/2036 •  | 1700 | 54 |
| 6.020% due 02/15/2035 •(k)  | 1234 | 1192 |
| 6.160% due 07/05/2033 •(k)  | 5012 | 2631 |
| 6.510% due 07/05/2033 •(k)  | 10000 | 3950 |
| 6.887% due 03/15/2036 •(k)  | 25550 | 13924 |
| 7.637% due 03/15/2036 •(k)  | 9500 | 4539 |
| 8.637% due 03/15/2036 •  | 700 | 181 |
| **JP Morgan Resecuritization Trust** <br>6.325% due 12/27/2046 •(k) | 10008 | 8412 |
| **Mill City Mortgage Loan Trust**  |  |  |
| 0.000% due 04/25/2057 ~  | 124835 | 3681 |
| 0.000% due 04/25/2057 ~(a)  | 124835 | 378 |
| 0.000% due 11/25/2058 ~(a)  | 97443 | 230 |
| 0.000% due 11/25/2058 ~  | 97443 | 373 |
| 3.823% due 11/25/2058 ~(k)  | 16205 | 11339 |
| 3.913% due 04/25/2057 ~(k)  | 20617 | 15745 |
| **Morgan Stanley Capital I Trust**  |  |  |
| 6.031% due 12/15/2036 •(k)  | 4294 | 47 |
| 6.170% due 11/15/2034 •(k)  | 5370 | 5310 |
| 7.120% due 11/15/2034 •(k)  | 3357 | 3321 |
| **Morgan Stanley Re-REMICS Trust** <br>3.065% due 03/26/2037 þ(k) | 2277 | 2402 |
| **MRCD Mortgage Trust** <br>2.718% due 12/15/2036 (k) | 28715 | 16774 |
| **MSSG Trust**  |  |  |
| 3.397% due 09/13/2039 (k)  | 3000 | 2869 |
| 3.690% due 09/13/2039 (k)  | 8400 | 7952 |
| 3.740% due 09/13/2039 ~(k)  | 3000 | 2763 |
| **Myers Park CLO Ltd.** <br>1.000% due 10/20/2030 « | 13000 | 2 |
| **Natixis Commercial Mortgage Securities Trust** <br>3.858% due 04/10/2037 (k) | 4250 | 4042 |
| **New Orleans Hotel Trust** <br>6.409% due 04/15/2032 •(k) | 11978 | 11767 |
| **New Residential Mortgage Loan Trust** <br>3.970% due 07/25/2059 ~(k) | 5000 | 4009 |
| **Project Cashmere**  |  |  |
| 0.000% due 12/30/2057 «(b)  | 15400 | 10626 |
| 7.563% due 12/30/2057 «(b)  | 6100 | 4209 |
| 8.643% due 12/30/2057 «(b)  | 6800 | 4692 |
| **RALI Trust** <br>4.213% due 06/25/2037 •(k) | $618 | 567 |
| **Residential Asset Securitization Trust** <br>6.500% due 08/25/2036 (k) | 5385 | 1406 |
| **SFO Commercial Mortgage Trust**  |  |  |
| 6.687% due 05/15/2038 •(k)  | 18000 | 17808 |
| 7.437% due 05/15/2038 •(k)  | 8000 | 7879 |
| **Soho Trust** <br>2.697% due 08/10/2038 ~(k) | 5000 | 4053 |
| **Structured Adjustable Rate Mortgage Loan Trust** <br>5.103% due 03/25/2036 ~(k) | 3410 | 3352 |
| **Trinity Square PLC**  |  |  |
| 0.000% due 07/15/2059 (g)  | 10 | 2154 |
| 0.000% due 07/15/2059 (g)(k)  | 7804 | 9182 |
| 6.744% (SONIO/N + 3.000%) due 07/15/2059 ~(k)  | 4682 | 6202 |
| 7.494% (SONIO/N + 3.750%) due 07/15/2059 ~(k)  | 4682 | 6193 |
| 8.744% (SONIO/N + 5.000%) due 07/15/2059 ~(k)  | 6244 | 9600 |
| 9.244% (SONIO/N + 5.500%) due 07/15/2059 ~(k)  | 4682 | 6108 |
| 9.744% (SONIO/N + 6.000%) due 07/15/2059 ~(k)  | 1191 | 1577 |
| **VASA Trust**  |  |  |
| 6.937% due 07/15/2039 •(k)  | $10000 | 9074 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| 7.687% due 07/15/2039 •(k)  | 7000 | 6045 |
| **Verus Securitization Trust** <br>8.078% due 12/25/2068 ~(k) | 4538 | 4587 |
| **WaMu Mortgage Pass-Through Certificates Trust**  |  |  |
| 4.669% due 07/25/2047 •(k)  | 1689 | 1442 |
| 4.843% due 12/25/2045 •(k)  | 11808 | 10600 |
| **Wells Fargo Mortgage-Backed Securities Trust** <br>6.771% due 10/25/2036 ~ | 149 | 144 |
| **Worldwide Plaza Trust** <br>3.526% due 11/10/2036 | 5100 | 4077 |
| Total Non-Agency Mortgage-Backed Securities (Cost $669,764) |  | 540923 |
| **ASSET-BACKED SECURITIES 18.3%**  |  |  |
| **AUTOMOBILE ABS OTHER 0.5%**  |  |  |
| **Carvana Auto Receivables Trust** <br>0.000% due 01/10/2028 «(g) | 10 | 850 |
| **Exeter Automobile Receivables Trust** <br>0.000% due 12/15/2033 (g) | 12 | 492 |
| **Flagship Credit Auto Trust** <br>0.000% due 04/17/2028 «(g) | 10 | 405 |
| **Huntington Bank Auto Credit-Linked Notes**  |  |  |
| 7.673% due 10/20/2032 •  | 532 | 531 |
| 11.173% due 10/20/2032 •  | 597 | 588 |
| **Santander Bank Auto Credit-Linked Notes**  |  |  |
| 7.762% due 06/15/2032 (k)  | 904 | 919 |
| 10.171% due 06/15/2032 (k)  | 2096 | 2153 |
| 13.030% due 06/15/2032  | 1849 | 1912 |
|  |  | 7850 |
| **AUTOMOBILE SEQUENTIAL 0.4%**  |  |  |
| **CPS Auto Securitization Trust** <br>11.000% due 06/16/2032 «(k) | 7730 | 7842 |
| **HOME EQUITY OTHER 11.4%**  |  |  |
| **Aames Mortgage Investment Trust** <br>6.493% due 01/25/2035 •(k) | 5000 | 4075 |
| **ACE Securities Corp. Home Equity Loan Trust** <br>4.168% due 08/25/2036 •(k) | 25209 | 21092 |
| **Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates** <br>5.593% due 07/25/2035 •(k) | 7500 | 6559 |
| **Argent Securities, Inc. Asset-Backed Pass-Through Certificates** <br>4.483% due 01/25/2036 •(k) | 21502 | 23489 |
| **Asset-Backed Securities Corp. Home Equity Loan Trust** <br>4.023% due 05/25/2037 •(k) | 7411 | 5353 |
| **Bear Stearns Asset-Backed Securities I Trust** <br>4.453% due 01/25/2037 •(k) | 6307 | 5878 |
| **BNC Mortgage Loan Trust** <br>5.293% due 11/25/2037 •(k) | 32783 | 23505 |
| **Countrywide Asset-Backed Certificates Trust** <br>4.168% due 06/25/2037 •(k) | 5674 | 5513 |
| **Encore Credit Receivables Trust** <br>5.548% due 10/25/2035 •(k) | 6326 | 5978 |
| **Fieldstone Mortgage Investment Trust** <br>6.718% due 08/25/2034 •(k) | 2311 | 1869 |
| **First NLC Trust** <br>4.813% due 12/25/2035 •(k) | 8181 | 7391 |
| **Fremont Home Loan Trust** <br>4.843% due 01/25/2035 •(k) | 7186 | 6209 |
| **GSAMP Trust** <br>4.243% due 08/25/2036 •(k) | 17001 | 14749 |
| **MASTR Asset-Backed Securities Trust** <br>4.378% due 01/25/2036 •(k) | 6442 | 5311 |
| **Morgan Stanley ABS Capital I, Inc. Trust** <br>4.903% due 07/25/2035 •(k) | 9669 | 7922 |
| **Morgan Stanley Home Equity Loan Trust** <br>4.858% due 05/25/2035 •(k) | 5341 | 5291 |
| **New Century Home Equity Loan Trust** <br>4.813% due 06/25/2035 •(k) | 17591 | 18465 |
| **Saxon Asset Securities Trust** <br>4.273% due 09/25/2036 •(k) | 11249 | 9487 |
| **Soundview Home Loan Trust** <br>4.618% due 12/25/2035 •(k) | 6312 | 6072 |
| **Structured Asset Investment Loan Trust** <br>4.768% due 07/25/2035 •(k) | 10527 | 8548 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Structured Asset Securities Corp. Mortgage Loan Trust** <br>4.093% due 04/25/2036 •(k) | 18161 | 15528 |
|  |  | 208284 |
| **WHOLE LOAN COLLATERAL 1.4%**  |  |  |
| **First Franklin Mortgage Loan Trust**  |  |  |
| 4.103% due 10/25/2036 •(k)  | 5898 | 4946 |
| 4.723% due 11/25/2035 •(k)  | 8078 | 7669 |
| **Residential Asset Mortgage Products Trust** <br>5.068% due 02/25/2035 •(k) | 5327 | 4680 |
| **Securitized Asset-Backed Receivables LLC Trust** <br>4.293% due 03/25/2036 •(k) | 1310 | 832 |
| **Specialty Underwriting & Residential Finance Trust** <br>4.093% due 09/25/2037 •(k) | 20915 | 7056 |
|  |  | 25183 |
| **OTHER ABS 4.6%**  |  |  |
| **Ayresome CDO I Ltd.** <br>7.120% due 12/08/2045 •(k) | 25992 | 6777 |
| **College Avenue Student Loans Trust**  |  |  |
| 0.000% due 06/25/2054 «(g)(k)  | 11 | 5991 |
| 8.660% due 06/25/2054 (k)  | 1971 | 2082 |
| **Duke Funding High Grade III Ltd.**  |  |  |
| 0.090% due 08/02/2049 (a)  | 840370 | 144 |
| 5.100% due 08/02/2049 •  | 29910 | 215 |
| **Greenwood Park CLO Ltd.** <br>0.000% due 04/15/2031 ~ | 27000 | 1717 |
| **KKR CLO 31 Ltd.** <br>0.000% due 04/20/2034 ~(k) | 10000 | 2130 |
| **Madison Park Funding XXIII Ltd.** <br>0.000% due 07/27/2047 ~(k) | 5600 | 329 |
| **Marlette Funding Trust** <br>0.000% due 09/16/2030 «(g) | 38 | 18 |
| **Montauk Point CDO II Ltd.**  |  |  |
| 7.060% due 04/06/2046 •(k)  | 327058 | 9997 |
| 7.170% due 04/06/2046 •  | 4400 | 0 |
| **Montauk Point CDO Ltd.** <br>7.065% due 10/06/2042 •(k) | 213556 | 21593 |
| **Myers Park CLO Ltd.** <br>0.000% due 10/20/2030 «~ | 13000 | 2231 |
| **Reach ABS Trust** <br>7.750% due 08/16/2032 (k) | 500 | 521 |
| **Sierra Madre Funding Ltd.** <br>4.164% due 09/07/2039 •  | 868 | 464 |
| **SMB Private Education Loan Trust** <br>0.000% due 02/16/2055 «(g) | 5 | 4614 |
| **Stream Innovations Issuer Trust** <br>6.270% due 07/15/2044 | 304 | 313 |
| **Structured Finance Advisors ABS CDO III Ltd.** <br>6.750% due 07/02/2037 •(k) | 41770 | 5006 |
| **Summer Street Ltd.** <br>4.181% due 12/06/2045 •  | 56060 | 11542 |
| **Upstart Securitization Trust** <br>7.410% due 09/20/2035 (k) | 8800 | 8947 |
|  |  | 84631 |
| Total Asset-Backed Securities (Cost $430,520) |  | 333790 |
| **SOVEREIGN ISSUES 7.7%**  |  |  |
| **Angola Government International Bonds** <br>8.000% due 11/26/2029 (k) | 1900 | 1881 |
| **Argentina Republic Government International Bonds** <br>3.500% due 07/09/2041 þ(k) | 10733 | 7202 |
| **Avenir Issuer IV Ireland DAC** <br>6.000% due 10/25/2027 | 3768 | 3651 |
| **Colombia TES**  |  |  |
| 11.000% due 08/22/2029  | 37406000 | 9431 |
| 11.750% due 01/24/2035  | 35592000 | 8825 |
| 12.750% due 11/28/2040  | 37721000 | 9998 |
| 13.250% due 02/09/2033  | 32653000 | 8755 |
| **Congolese International Bonds** <br>9.500% due 02/17/2035 (k) | $1100 | 991 |
| **Ecuador Government International Bonds**  |  |  |
| 0.000% due 07/31/2030 (g)(k)  | 5580 | 4677 |
| 6.900% due 07/31/2035 þ(k)  | 1873 | 1647 |
| 8.750% due 01/29/2034 (k)  | 14900 | 14662 |
| **Egypt Government Bonds**  |  |  |
| 19.698% due 10/14/2030  | 418000 | 7530 |
| 21.954% due 03/04/2028  | 877000 | 15710 |
| **Republic of Kenya Government International Bonds**  |  |  |
| 7.875% due 02/26/2034 (k)  | $5000 | 4551 |
| 8.700% due 02/26/2039 (k)  | 5000 | 4538 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Romania Government International Bonds**  |  |  |
| 5.875% due 07/11/2032 (k)  | 6700 | 7856 |
| 6.250% due 09/10/2034  | 6800 | 7986 |
| **Russia Foreign Bonds - Eurobond**  |  |  |
| 5.100% due 03/28/2035 «  | $200 | 0 |
| 5.625% due 04/04/2042  | 4200 | 2940 |
| **Turkiye Government Bonds**  |  |  |
| 39.740% (BISTREFI) due 05/20/2026 ~  | 600 | 14 |
| 39.740% (BISTREFI) due 08/19/2026 ~  | 400 | 9 |
| 39.740% (BISTREFI) due 05/17/2028 ~(k)  | 79200 | 1776 |
| 40.299% (BISTREFI) due 09/06/2028 ~(k)  | 396200 | 8880 |
| **Ukraine Government International Bonds**  |  |  |
| 0.000% due 02/01/2030 þ(h)  | $271 | 160 |
| 0.000% due 02/01/2034 þ(h)  | 1014 | 437 |
| 0.000% due 02/01/2035 þ(h)  | 856 | 397 |
| 0.000% due 02/01/2036 þ(h)(k)  | 714 | 330 |
| 4.500% due 02/01/2034 þ  | 1614 | 865 |
| 4.500% due 02/01/2035 þ  | 1738 | 914 |
| 4.500% due 02/01/2036 þ  | 1614 | 833 |
| **Venezuela Government International Bonds**  |  |  |
| 7.000% due 03/31/2038 ^(d)  | 100 | 41 |
| 9.250% due 09/15/2027 ^(d)  | 5300 | 2544 |
| 9.250% due 05/07/2028 ^(d)  | 1600 | 736 |
| 11.750% due 10/21/2026 ^(d)  | 100 | 52 |
| 11.950% due 08/05/2031 ^(d)  | 800 | 412 |
| Total Sovereign Issues (Cost $140,652) |  | 141231 |
|  | SHARES |  |
| **COMMON STOCKS 7.6%**  |  |  |
| **COMMUNICATION SERVICES 0.6%**  |  |  |
| **Promotora de Informaciones SA Class A (e)** | 1623357 | 564 |
| **SES SA «(e)** | 652149 | 9782 |
|  |  | 10346 |
| **CONSUMER DISCRETIONARY 0.0%**  |  |  |
| **Steinhoff International Holdings NV «(e)(j)** | 115240755 | 0 |
| **FINANCIALS 1.1%**  |  |  |
| **Banca Monte dei Paschi di Siena SpA** | 2274000 | 19842 |
| **Corestate Capital Holding SA «(e)(j)** | 632951 | 0 |
| **UBS Group AG** | 5143 | 200 |
|  |  | 20042 |
| **HEALTH CARE 3.8%**  |  |  |
| **AmSurg Corp. «(e)(j)** | 1571862 | 69123 |
| **INDUSTRIALS 2.1%**  |  |  |
| **Incora New Equity «(e)(j)** | 947048 | 35868 |
| **Luxco Co. Ltd. «(e)(j)** | 153918 | 2847 |
|  |  | 38715 |
| **REAL ESTATE 0.0%**  |  |  |
| **MNSN Holdings, Inc. «(e)(j)** | 8417 | 522 |
| Total Common Stocks (Cost $120,018) |  | 138748 |
| **PREFERRED SECURITIES 4.7%**  |  |  |
| **BANKING & FINANCE 0.2%**  |  |  |
| **ADLER Group SA** « | 3588226 | 0 |
| **WAFC Voussoir** « | 3846808 | 3847 |
|  |  | 3847 |
| **INDUSTRIALS 4.5%**  |  |  |
| **Atlas Re Ltd.** « | 140 | 14059 |
| **Clover Holdings, Inc.**<br>0.000% «(j) | 27610 | 522 |
| **Mustang Express Ltd.**<br>0.000% « | 53559 | 54697 |
| **SVB Financial Trust**  |  |  |
| 0.000% due 11/07/2032 (g) | 51680 | 3 |
| 11.000% due 11/07/2032 | 9596 | 4534 |
| **Syniverse Holdings, Inc.**<br>12.500% «(j) | 9101659 | 7658 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Venture Global LNG, Inc.**<br>9.000% due 09/30/2029 •(i) | 1260000 | 1256 |
|  |  | 82729 |
| Total Preferred Securities (Cost $88,036) |  | 86576 |
| **REAL ESTATE INVESTMENT TRUSTS 1.1%**  |  |  |
| **REAL ESTATE 1.1%**  |  |  |
| **Annaly Capital Management, Inc.** | 609500 | 12891 |
| **PennyMac Mortgage Investment Trust** | 556200 | 6485 |
| Total Real Estate Investment Trusts (Cost $26,500) |  | 19376 |
|  | PRINCIPAL<br>AMOUNT<br>(000s) |  |
| **SHORT-TERM INSTRUMENTS 4.0%**  |  |  |
| **EGYPT TREASURY BILLS 0.4%**  |  |  |
| 24.310% due 08/04/2026 - 11/17/2026 (f)(g) | 389900 | 6552 |
| **NIGERIA TREASURY BILLS 2.2%**  |  |  |
| 20.606% due 01/14/2027 - 01/28/2027 (f)(g) | 63333400 | 39808 |
| **TURKEY TREASURY BILLS 0.0%**  |  |  |
| 38.689% due 04/07/2026 (f)(g) | 30000 | 670 |
| **U.S. TREASURY BILLS 1.4%**  |  |  |
| 3.665% due 04/07/2026 - 07/21/2026 (f)(g)(m)(o) | $25871 | 25729 |
| Total Short-Term Instruments (Cost $73,032) |  | 72759 |
| Total Investments in Securities (Cost $3,016,388) |  | 2646987 |
|  | SHARES |  |
| **INVESTMENTS IN AFFILIATES 14.3%**  |  |  |
| **COMMON STOCKS 0.7%**  |  |  |
| **AFFILIATED INVESTMENTS 0.7%**  |  |  |
| **Market Garden «(j)** | 11964745 | 13306 |
| Total Common Stocks (Cost $11,965) |  | 13306 |
| **SHORT-TERM INSTRUMENTS 13.6%**  |  |  |
| **CENTRAL FUNDS USED FOR CASH MANAGEMENT PURPOSES 13.6%**  |  |  |
| **PIMCO Short-Term Floating NAV Portfolio III** | 25488155 | 248229 |
| Total Short-Term Instruments (Cost $248,110) |  | 248229 |
| Total Investments in Affiliates (Cost $260,075) |  | 261535 |
| Total Investments 159.0% (Cost $3,276,463) |  | $2908522 |
| **Financial Derivative Instruments (l)(n) 0.4**%(Cost or Premiums, net $23,385) |  | 6827 |
| Other Assets and Liabilities, net (59.4)% |  | (1086654) |
| Net Assets 100.0% |  | $1828695 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  | **NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS:**  |
| **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** | **\* A zero balance may reflect actual amounts rounding to less than one thousand.** |
| **¤** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** | **The geographical classification of foreign (non-U.S.) securities in this report, if any, are classified by the country of incorporation of a holding. In certain instances, a security's country of incorporation may be different from its country of economic exposure.** |
| **^** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** | **Security is in default.** |
| **«** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** | **Security valued using significant unobservable inputs (Level 3).** |
| **µ** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** | **All or a portion of this amount represents unfunded loan commitments. The interest rate for the unfunded portion will be determined at the time of funding.** |
| **~** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** | **Variable or Floating rate security. Rate shown is the rate in effect as of period end. Certain variable rate securities are not based on a published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. Reference rate is as of reset date, which may vary by security. These securities may not indicate a reference rate and/or spread in their description.** |
| **•** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** | **Rate shown is the rate in effect as of period end. The rate may be based on a fixed rate, a capped rate or a floor rate and may convert to a variable or floating rate in the future. These securities do not indicate a reference rate and spread in their description.** |
| **þ** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** | **Coupon represents a rate which changes periodically based on a predetermined schedule or event. Rate shown is the rate in effect as of period end.** |
| **(a)** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** | **Security is an Interest Only ("IO") or IO Strip.** |
| **(b)** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** | **When-issued security.** |
| **(c)** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** | **Payment in-kind security.** |
| **(d)** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** | **Security is not accruing income as of the date of this report.** |
| **(e)** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** | **Security did not produce income within the last twelve months.** |
| **(f)** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** | **Coupon represents a weighted average yield to maturity.** |
| **(g)** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** | **Zero coupon security.** |
| **(h)** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** | **Security becomes interest bearing at a future date.** |
| **(i)** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** | **Perpetual maturity; date shown, if applicable, represents next contractual call date.** |
| **(j)** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** | **RESTRICTED SECURITIES:** |
| Issuer Description | Issuer Description | Issuer Description | Acquisition<br>Date | Acquisition<br>Date | Cost | Cost | Market<br>Value | Market<br>Value | Market Value<br>as Percentage<br>of Net Assets |
| AmSurg Corp. | AmSurg Corp. | AmSurg Corp. | 11/02/2023 - 11/06/2023 | 11/02/2023 - 11/06/2023 | $65680 | 65680 | $69123 | 69123 | 3.78% |
| Clover Holdings, Inc. | Clover Holdings, Inc. | Clover Holdings, Inc. | 12/09/2024 | 12/09/2024 | 414 | 414 | 522 | 522 | 0.03 |
| Corestate Capital Holding SA | Corestate Capital Holding SA | Corestate Capital Holding SA | 08/22/2023 | 08/22/2023 | 0 | 0 | 0 | 0 | 0.00 |
| Incora New Equity | Incora New Equity | Incora New Equity | 01/31/2025 | 01/31/2025 | 46003 | 46003 | 35868 | 35868 | 1.96 |
| Incora Top Holdco LLC 6.000% due 01/30/2033 | Incora Top Holdco LLC 6.000% due 01/30/2033 | Incora Top Holdco LLC 6.000% due 01/30/2033 | 01/31/2025 - 01/31/2026 | 01/31/2025 - 01/31/2026 | 21569 | 21569 | 32666 | 32666 | 1.79 |
| Luxco Co. Ltd. | Luxco Co. Ltd. | Luxco Co. Ltd. | 10/01/2025 | 10/01/2025 | 2708 | 2708 | 2847 | 2847 | 0.15 |
| MNSN Holdings, Inc. | MNSN Holdings, Inc. | MNSN Holdings, Inc. | 03/16/2023 - 03/29/2023 | 03/16/2023 - 03/29/2023 | 94 | 94 | 522 | 522 | 0.03 |
| Market Garden | Market Garden | Market Garden | 03/13/2024 | 03/13/2024 | 11965 | 11965 | 13306 | 13306 | 0.73 |
| Petersen Claim Units 0.000% due 12/31/2099 | Petersen Claim Units 0.000% due 12/31/2099 | Petersen Claim Units 0.000% due 12/31/2099 | 12/08/2025 - 03/17/2026 | 12/08/2025 - 03/17/2026 | 3490 | 3490 | 543 | 543 | 0.03 |
| Steinhoff International Holdings NV | Steinhoff International Holdings NV | Steinhoff International Holdings NV | 06/30/2023 - 10/30/2023 | 06/30/2023 - 10/30/2023 | 0 | 0 | 0 | 0 | 0.00 |
| Syniverse Holdings, Inc. | Syniverse Holdings, Inc. | Syniverse Holdings, Inc. | 05/12/2022 - 11/30/2025 | 05/12/2022 - 11/30/2025 | 8983 | 8983 | 7658 | 7658 | 0.42 |
|  |  |  |  |  | $160906 | 160906 | $149749 | 149749 | 8.19% |
| **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** | **BORROWINGS AND OTHER FINANCING TRANSACTIONS** |
| **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** | **REVERSE REPURCHASE AGREEMENTS:** |
| Counterparty | Counterparty | Borrowing Rate<sup>(1)</sup> | Settlement Date | Maturity Date | Maturity Date | Amount<br>Borrowed<sup>(1)</sup> | Amount<br>Borrowed<sup>(1)</sup> | Payable for<br>Reverse<br>Repurchase<br>Agreements | Payable for<br>Reverse<br>Repurchase<br>Agreements |
| BNY | BNY | 4.730%  | 12/30/2025 | 06/30/2026 | 06/30/2026 | $(4384) | (4384) | $(4438) | (4438) |
|  |  | 4.730  | 02/12/2026 | 08/12/2026 | 08/12/2026 | (13512) | (13512) | (13598) | (13598) |
|  |  | 4.730  | 03/12/2026 | 09/14/2026 | 09/14/2026 | (9440) | (9440) | (9465) | (9465) |
| BOS | BOS | 4.480  | 02/25/2026 | 06/26/2026 | 06/26/2026 | (2445) | (2445) | (2456) | (2456) |
|  |  | 4.680  | 02/25/2026 | 06/26/2026 | 06/26/2026 | (622) | (622) | (625) | (625) |
|  |  | 4.880  | 02/25/2026 | 06/26/2026 | 06/26/2026 | (1328) | (1328) | (1335) | (1335) |
| BPS | BPS | (0.500)  | 01/26/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (683) | (683) | (791) | (791) |
|  |  | 1.700  | 02/10/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (6274) | (6274) | (7270) | (7270) |
|  |  | 1.800  | 02/10/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (1723) | (1723) | (1996) | (1996) |
|  |  | 2.268  | 03/12/2026 | 06/12/2026 | 06/12/2026 | (2059) | (2059) | (2383) | (2383) |
|  |  | 4.050  | 02/03/2026 | TBD<sup>(2)</sup> | TBD<sup>(2)</sup> | (11527) | (11527) | (15356) | (15356) |
|  |  | 4.210  | 02/24/2026 | 05/26/2026 | 05/26/2026 | $(10419) | (10419) | (10463) | (10463) |
|  |  | 4.730  | 03/18/2026 | 09/14/2026 | 09/14/2026 | (4960) | (4960) | (4969) | (4969) |
|  |  | 4.830  | 01/27/2026 | 07/23/2026 | 07/23/2026 | (86928) | (86928) | (87678) | (87678) |
|  |  | 4.830  | 03/18/2026 | 09/14/2026 | 09/14/2026 | (6105) | (6105) | (6117) | (6117) |
|  |  | 4.860  | 03/18/2026 | 09/14/2026 | 09/14/2026 | (15619) | (15619) | (15649) | (15649) |
|  |  | 5.170  | 01/22/2026 | 04/22/2026 | 04/22/2026 | (14931) | (14931) | (15079) | (15079) |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| BRC | 1.500  | 09/29/2025 | TBD<sup>(2)</sup> | (645) | (752) |
|  | 1.600  | 02/11/2026 | TBD<sup>(2)</sup> | (726) | (841) |
|  | 1.600  | 03/03/2026 | TBD<sup>(2)</sup> | (174) | (202) |
|  | 1.650  | 02/11/2026 | TBD<sup>(2)</sup> | (2167) | (2511) |
|  | 1.930  | 11/14/2025 | 04/01/2026 | (1510) | (1758) |
|  | 3.250  | 12/19/2025 | TBD<sup>(2)</sup> | (100) | (134) |
|  | 3.450  | 12/19/2025 | TBD<sup>(2)</sup> | (619) | (827) |
|  | 3.580  | 12/12/2025 | TBD<sup>(2)</sup> | $(1907) | (1928) |
|  | 4.000  | 02/06/2026 | TBD<sup>(2)</sup> | (1648) | (1658) |
|  | 4.000  | 03/23/2026 | TBD<sup>(2)</sup> | (6429) | (6435) |
|  | 4.070  | 03/13/2026 | 04/13/2026 | (16600) | (16636) |
|  | 4.650  | 01/05/2026 | 04/06/2026 | (3754) | (3796) |
|  | 4.660  | 02/05/2026 | 06/05/2026 | (6133) | (6177) |
|  | 4.660  | 03/26/2026 | 06/24/2026 | (4196) | (4199) |
|  | 4.700  | 02/09/2026 | 04/10/2026 | (6460) | (6503) |
|  | 4.750  | 02/09/2026 | 04/10/2026 | (8446) | (8503) |
|  | 4.800  | 01/08/2026 | 04/08/2026 | (3108) | (3142) |
|  | 4.800  | 02/02/2026 | 06/02/2026 | (12716) | (12814) |
|  | 4.800  | 02/09/2026 | 04/10/2026 | (46463) | (46779) |
|  | 4.810  | 02/05/2026 | 06/05/2026 | (1672) | (1685) |
|  | 4.820  | 03/09/2026 | 06/09/2026 | (10650) | (10683) |
|  | 4.820  | 03/10/2026 | 06/10/2026 | (21910) | (21974) |
|  | 4.830  | 12/19/2025 | 04/20/2026 | (2909) | (2950) |
|  | 4.830  | 01/20/2026 | 04/20/2026 | (8577) | (8660) |
|  | 4.830  | 02/04/2026 | 08/04/2026 | (10366) | (10443) |
|  | 4.850  | 02/02/2026 | 06/02/2026 | (10083) | (10161) |
|  | 4.910  | 02/25/2026 | 06/24/2026 | (367) | (369) |
|  | 4.920  | 01/22/2026 | 04/22/2026 | (1435) | (1448) |
| BYR | 1.000  | 12/05/2025 | 04/06/2026 | (4662) | (4677) |
|  | 4.110  | 03/03/2026 | 06/01/2026 | (2109) | (2116) |
|  | 4.130  | 01/21/2026 | 04/21/2026 | (22397) | (22578) |
|  | 4.130  | 02/03/2026 | 07/31/2026 | (19035) | (19160) |
|  | 4.130  | 03/05/2026 | 07/31/2026 | (1367) | (1371) |
|  | 4.130  | 03/31/2026 | 04/21/2026 | (4684) | (4684) |
|  | 4.155  | 03/25/2026 | 05/26/2026 | (16611) | (16624) |
|  | 4.180  | 03/30/2026 | 04/06/2026 | (2977) | (2977) |
|  | 4.250  | 03/18/2026 | 04/06/2026 | (5692) | (5701) |
| CDC | 4.130  | 03/10/2026 | 07/08/2026 | (3209) | (3217) |
|  | 4.130  | 03/23/2026 | 07/21/2026 | (4849) | (4854) |
|  | 4.140  | 03/02/2026 | 06/01/2026 | (1046) | (1050) |
|  | 4.170  | 03/02/2026 | 04/02/2026 | (3083) | (3093) |
| CEW | 4.120  | 02/26/2026 | 05/27/2026 | (5157) | (5177) |
|  | 4.970  | 01/20/2026 | 04/20/2026 | (3637) | (3673) |
|  | 5.020  | 01/20/2026 | 04/20/2026 | (3531) | (3566) |
| DBL | 2.170  | 02/10/2026 | TBD<sup>(2)</sup> | (602) | (698) |
|  | 3.900  | 12/12/2025 | TBD<sup>(2)</sup> | $(2031) | (2056) |
|  | 3.950  | 12/12/2025 | TBD<sup>(2)</sup> | (6278) | (6354) |
|  | 4.115  | 02/24/2026 | 05/22/2026 | (13955) | (14012) |
|  | 4.161  | 03/26/2026 | 06/26/2026 | (6999) | (7004) |
|  | 4.211  | 03/26/2026 | 06/26/2026 | (2401) | (2403) |
|  | 4.365  | 02/24/2026 | 05/22/2026 | (3147) | (3161) |
|  | 4.415  | 02/24/2026 | 05/22/2026 | (2247) | (2257) |
|  | 4.416  | 02/06/2026 | 05/08/2026 | (7128) | (7175) |
|  | 4.470  | 03/13/2026 | 05/08/2026 | (7521) | (7539) |
|  | 4.515  | 02/24/2026 | 05/22/2026 | (3885) | (3902) |
|  | 4.620  | 03/13/2026 | 05/08/2026 | (4624) | (4635) |
|  | 4.670  | 03/13/2026 | 05/08/2026 | (4653) | (4665) |
|  | 4.770  | 03/13/2026 | 05/08/2026 | (26317) | (26383) |
|  | 4.870  | 03/13/2026 | 05/08/2026 | (2413) | (2420) |
|  | 4.907  | 03/04/2026 | 06/02/2026 | (592) | (594) |
|  | 4.916  | 02/06/2026 | 05/08/2026 | (5582) | (5623) |
|  | 5.120  | 03/13/2026 | 05/08/2026 | (1476) | (1480) |
|  | 5.150  | 03/13/2026 | 05/08/2026 | (12976) | (13011) |
|  | 5.157  | 03/04/2026 | 06/02/2026 | (3165) | (3177) |
|  | 5.170  | 03/13/2026 | 05/08/2026 | (1650) | (1655) |
|  | 5.220  | 03/13/2026 | 05/08/2026 | (9342) | (9368) |
|  | 5.300  | 03/13/2026 | 05/08/2026 | (2136) | (2142) |
| DEU | 3.970  | 03/06/2026 | TBD<sup>(2)</sup> | (2963) | (2971) |
|  | 4.000  | 02/02/2026 | TBD<sup>(2)</sup> | (1326) | (1335) |
|  | 4.010  | 02/02/2026 | TBD<sup>(2)</sup> | (2326) | (2341) |
| GLM | 4.930  | 12/23/2025 | 09/23/2026 | (467) | (473) |
|  | 5.254  | 07/29/2025 | 04/29/2026 | (2022) | (2094) |
| IND | 4.110  | 03/17/2026 | 06/16/2026 | (805) | (806) |
| JML | 4.200  | 03/20/2026 | 05/01/2026 | (1361) | (1363) |
| MBC | 4.418  | 03/20/2026 | 06/22/2026 | (3749) | (4970) |
| MSB | 4.530  | 02/04/2026 | 08/03/2026 | (2508) | (2525) |
|  | 4.630  | 02/04/2026 | 08/03/2026 | (3825) | (3853) |
|  | 4.730  | 02/06/2026 | 08/05/2026 | (3048) | (3070) |
|  | 4.730  | 03/31/2026 | 09/30/2026 | (8625) | (8625) |
|  | 4.730  | 04/01/2026 | 09/30/2026 | (6634) | (6634) |
|  | 4.780  | 03/31/2026 | 09/30/2026 | (20456) | (20458) |
|  | 4.830  | 03/31/2026 | 09/30/2026 | (6539) | (6540) |
| MSC | 3.630  | 03/20/2026 | 05/01/2026 | (314) | (314) |
|  | 4.100  | 03/20/2026 | 05/01/2026 | (1347) | (1349) |
|  | 4.780  | 02/06/2026 | 08/05/2026 | (4126) | (4156) |
| MYI | 1.350  | 03/26/2026 | TBD<sup>(2)</sup> | (2020) | (2335) |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | 1.500  | 02/10/2026 | TBD<sup>(2)</sup> |  | (454) |  | (526) |
|  |  |  | 1.750  | 11/14/2025 | 04/01/2026 |  | (526) |  | (612) |
|  |  |  | 2.100  | 01/23/2026 | TBD<sup>(2)</sup> |  | (5310) |  | (6162) |
|  |  |  | 2.300  | 12/05/2025 | TBD<sup>(2)</sup> |  | (5752) |  | (6699) |
|  |  |  | 2.750  | 01/15/2026 | TBD<sup>(2)</sup> | $ | (275) |  | (277) |
|  |  |  | 3.950  | 12/19/2025 | TBD<sup>(2)</sup> | GBP | (3177) |  | (4253) |
|  |  |  | 4.368  | 03/11/2026 | 06/11/2026 |  | (3503) |  | (4648) |
|  |  |  | 4.398  | 03/11/2026 | 06/11/2026 |  | (3278) |  | (4350) |
|  |  |  | 4.428  | 03/11/2026 | 06/11/2026 |  | (1426) |  | (1892) |
|  |  |  | 4.498  | 03/11/2026 | 06/11/2026 |  | (1012) |  | (1343) |
|  |  |  | 4.648  | 03/11/2026 | 06/11/2026 |  | (4121) |  | (5470) |
|  |  |  | 4.848  | 03/11/2026 | 06/11/2026 |  | (4749) |  | (6303) |
| MZF | MZF | MZF | 4.730  | 03/24/2026 | 09/24/2026 | $ | (10613) |  | (10624) |
|  |  |  | 4.830  | 03/24/2026 | 09/24/2026 |  | (4622) |  | (4627) |
| NOM | NOM | NOM | 4.000  | 02/25/2026 | TBD<sup>(2)</sup> |  | (1654) |  | (1660) |
|  |  |  | 4.150  | 03/25/2026 | TBD<sup>(2)</sup> |  | (5083) |  | (5087) |
| RCY | RCY | RCY | 4.180  | 03/13/2026 | 04/13/2026 |  | (790) |  | (792) |
| RTA | RTA | RTA | 4.155  | 02/20/2026 | 08/20/2026 |  | (9721) |  | (9767) |
|  |  |  | 4.155  | 03/02/2026 | 09/02/2026 |  | (19621) |  | (19690) |
|  |  |  | 4.155  | 03/03/2026 | 08/20/2026 |  | (255) |  | (256) |
|  |  |  | 4.155  | 03/11/2026 | 09/11/2026 |  | (1761) |  | (1766) |
|  |  |  | 4.155  | 03/18/2026 | 09/18/2026 |  | (2860) |  | (2865) |
|  |  |  | 4.155  | 03/25/2026 | 09/02/2026 |  | (2944) |  | (2947) |
|  |  |  | 4.255  | 03/25/2026 | 04/27/2026 |  | (33283) |  | (33310) |
|  |  |  | 4.310  | 03/10/2026 | 07/09/2026 |  | (8492) |  | (8514) |
|  |  |  | 4.480  | 03/04/2026 | 06/04/2026 |  | (4325) |  | (4340) |
|  |  |  | 4.710  | 03/09/2026 | 07/09/2026 |  | (2939) |  | (2947) |
|  |  |  | 4.760  | 03/09/2026 | 07/09/2026 |  | (12893) |  | (12932) |
|  |  |  | 4.780  | 03/04/2026 | 09/04/2026 |  | (12937) |  | (12986) |
|  |  |  | 4.780  | 03/09/2026 | 07/09/2026 |  | (15875) |  | (15924) |
|  |  |  | 4.790  | 03/09/2026 | 07/09/2026 |  | (4165) |  | (4177) |
| SBI | SBI | SBI | 4.181  | 03/26/2026 | 07/24/2026 |  | (3170) |  | (3172) |
|  |  |  | 4.367  | 03/03/2026 | 06/24/2026 |  | (6747) |  | (6770) |
|  |  |  | 4.576  | 03/27/2026 | 07/27/2026 |  | (3073) |  | (3075) |
|  |  |  | 4.718  | 01/26/2026 | 07/27/2026 |  | (3193) |  | (3220) |
| SCX | SCX | SCX | 1.700  | 02/10/2026 | TBD<sup>(2)</sup> | EUR | (3991) |  | (4623) |
|  |  |  | 4.020  | 03/03/2026 | 04/02/2026 | $ | (4346) |  | (4360) |
|  |  |  | 4.050  | 01/30/2026 | TBD<sup>(2)</sup> |  | (6660) |  | (6706) |
|  |  |  | 4.050  | 02/03/2026 | TBD<sup>(2)</sup> |  | (10195) |  | (10260) |
|  |  |  | 4.050  | 02/06/2026 | TBD<sup>(2)</sup> |  | (12844) |  | (12922) |
| SOG | SOG | SOG | 2.100  | 02/26/2026 | TBD<sup>(2)</sup> | EUR | (9136) |  | (10581) |
|  |  |  | 2.180  | 02/10/2026 | TBD<sup>(2)</sup> |  | (1853) |  | (2148) |
|  |  |  | 2.180  | 02/26/2026 | TBD<sup>(2)</sup> |  | (587) |  | (680) |
|  |  |  | 2.220  | 01/30/2026 | TBD<sup>(2)</sup> |  | (1014) |  | (1177) |
|  |  |  | 3.970  | 12/12/2025 | TBD<sup>(2)</sup> | $ | (3338) |  | (3379) |
|  |  |  | 3.970  | 03/10/2026 | TBD<sup>(2)</sup> |  | (1065) |  | (1067) |
|  |  |  | 3.990  | 03/10/2026 | 04/02/2026 |  | (2542) |  | (2548) |
|  |  |  | 3.990  | 03/10/2026 | TBD<sup>(2)</sup> |  | (6933) |  | (6950) |
|  |  |  | 4.190  | 01/07/2026 | 04/07/2026 |  | (1227) |  | (1239) |
|  |  |  | 4.190  | 01/08/2026 | 04/08/2026 |  | (1064) |  | (1074) |
|  |  |  | 4.190  | 03/17/2026 | 04/08/2026 |  | (549) |  | (550) |
|  |  |  | 4.220  | 03/10/2026 | 04/16/2026 |  | (1209) |  | (1212) |
|  |  |  | 4.220  | 03/17/2026 | 05/26/2026 |  | (870) |  | (872) |
|  |  |  | 4.630  | 03/12/2026 | 09/11/2026 |  | (7656) |  | (7676) |
|  |  |  | 4.730  | 02/02/2026 | 07/31/2026 |  | (4161) |  | (4193) |
| UBS | UBS | UBS | 2.220  | 03/06/2026 | 06/08/2026 | EUR | (20114) |  | (23286) |
|  |  |  | 2.329  | 03/26/2026 | 06/25/2026 |  | (2792) |  | (3229) |
|  |  |  | 4.050  | 01/06/2026 | 04/06/2026 | $ | (154) |  | (155) |
|  |  |  | 4.100  | 01/06/2026 | 04/06/2026 |  | (521) |  | (526) |
|  |  |  | 4.222  | 03/26/2026 | 06/26/2026 | GBP | (5594) |  | (7409) |
|  |  |  | 4.820  | 01/23/2026 | 04/23/2026 | $ | (9362) |  | (9447) |
| WFS | WFS | WFS | 4.300  | 02/19/2026 | 05/20/2026 |  | (7387) |  | (7423) |
|  |  |  | 4.310  | 03/27/2026 | 06/26/2026 |  | (1710) |  | (1711) |
|  |  |  | 4.510  | 03/27/2026 | 06/26/2026 |  | (3464) |  | (3466) |
| **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** | **Total Reverse Repurchase Agreements** |  |  |  |  |  | **$** | **(1060932)** |
| **(k)** | **Securities with an aggregate market value of $1,333,825 and cash of $7,894 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,333,825 and cash of $7,894 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,333,825 and cash of $7,894 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,333,825 and cash of $7,894 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,333,825 and cash of $7,894 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,333,825 and cash of $7,894 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,333,825 and cash of $7,894 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,333,825 and cash of $7,894 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $1,333,825 and cash of $7,894 have been pledged as collateral under the terms of master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(937794) at a weighted average interest rate of 4.749%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(937794) at a weighted average interest rate of 4.749%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(937794) at a weighted average interest rate of 4.749%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(937794) at a weighted average interest rate of 4.749%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(937794) at a weighted average interest rate of 4.749%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(937794) at a weighted average interest rate of 4.749%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(937794) at a weighted average interest rate of 4.749%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(937794) at a weighted average interest rate of 4.749%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. | The average amount of borrowings outstanding during the period ended March 31, 2026 was $(937794) at a weighted average interest rate of 4.749%. Average borrowings may include reverse repurchase agreements and sale-buyback transactions, if held during the period. |
| <sup>(2)</sup> | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. | Open maturity reverse repurchase agreement. |
| **(l)** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** | **FINANCIAL DERIVATIVE INSTRUMENTS: EXCHANGE-TRADED OR CENTRALLY CLEARED** |
| **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** | **FUTURES CONTRACTS:** |
| **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** | **SHORT FUTURES CONTRACTS** |
|  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Description | Description | Expiration<br>Month | # of<br>Contracts | Notional<br>Amount | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| 3-Month SOFR Active Contract March Futures  | 3-Month SOFR Active Contract March Futures  | 06/2026 | 36 | $(8669) | $135 | 135 | $0 | 0 | $0 |

---

------

<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | $**135** | **135** | **135** | $**0** | **0** | **0** | **$** | **0** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/<br>(Received) |  | Unrealized<br>Appreciation/<br>(Depreciation) |  | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Market<br>Value<sup>(4)</sup> | Asset | Asset | Liability |
| Discovery Global Holdings, Inc.  | Discovery Global Holdings, Inc.  | Discovery Global Holdings, Inc.  | 1.000% | Quarterly | Quarterly | 12/20/2026 | 12/20/2026 | 0.970 | 0.970 | % | $2200 | (8) | $ | 9 | $ | 1 | 1 | 1 | 0 | 0 | 0 |
| Worldline SA/France  | Worldline SA/France  | Worldline SA/France  | 5.000 | Quarterly | Quarterly | 12/20/2027 | 12/20/2027 | 10.088 | 10.088 |  | 900 | (87) |  | 10 |  | (77) | (77) | (77) | 0 | 0 | (13) |
| Worldline SA/France  | Worldline SA/France  | Worldline SA/France  | 5.000 | Quarterly | Quarterly | 12/20/2028 | 12/20/2028 | 10.418 | 10.418 |  | 200 | (28) |  | 1 |  | (27) | (27) | (27) | 0 | 0 | (3) |
|  |  |  |  |  |  |  |  |  |  |  |  | (123) | $ | 20 | $ | (103) | (103) | (103) | 0 | 0 | (16) |
| **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** | **INTEREST RATE SWAPS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> | <u>Variation Margin</u> |
| Pay/<br>Receive<br>Floating Rate | Pay/<br>Receive<br>Floating Rate | Floating Rate Index | Floating Rate Index | Floating Rate Index | Fixed Rate | Fixed Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date |  | Notional<br>Amount | Premiums<br>Paid/<br>(Received) | Premiums<br>Paid/<br>(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Unrealized<br>Appreciation/<br>(Depreciation) | Market<br>Value | Market<br>Value | Market<br>Value | Asset | Asset | Liability |
| Pay | Pay | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 3.500% | 3.500% | Annual | Annual | 03/18/2031 | GBP | 21510 | $(95) | (95) | (822) | (822) | $(917) | (917) | (917) | $68 | 68 | $0 |
| Receive | Receive | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 1-Day GBP-SONIO Compounded-OIS | 0.750 | 0.750 | Annual | Annual | 09/21/2052 |  | 9800 | 286 | 286 | 7835 | 7835 | 8121 | 8121 | 8121 | 0 | 0 | (19) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2026 | $ | 58100 | 289 | 289 | (272) | (272) | 17 | 17 | 17 | 9 | 9 | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2027 |  | 673000 | 5966 | 5966 | (4830) | (4830) | 1136 | 1136 | 1136 | 320 | 320 | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2028 |  | 53800 | 770 | 770 | (535) | (535) | 235 | 235 | 235 | 38 | 38 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 06/20/2029 |  | 49800 | (924) | (924) | 794 | 794 | (130) | (130) | (130) | 0 | 0 | (41) |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2029 |  | 159500 | 2399 | 2399 | (1449) | (1449) | 950 | 950 | 950 | 152 | 152 | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.250 | 3.250 | Annual | Annual | 06/18/2030 |  | 172300 | (1579) | (1579) | (1854) | (1854) | (3433) | (3433) | (3433) | 168 | 168 | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 03/18/2031 |  | 352060 | 1476 | 1476 | (3399) | (3399) | (1923) | (1923) | (1923) | 370 | 370 | 0 |
| Pay | Pay | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/18/2034 |  | 48600 | 1057 | 1057 | (1267) | (1267) | (210) | (210) | (210) | 49 | 49 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/17/2035 |  | 21090 | (346) | (346) | 521 | 521 | 175 | 175 | 175 | 0 | 0 | (17) |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.750 | 3.750 | Annual | Annual | 12/17/2045 |  | 13270 | 256 | 256 | 493 | 493 | 749 | 749 | 749 | 24 | 24 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | 1.750 | Annual | Annual | 06/15/2052 |  | 40100 | 9900 | 9900 | 6422 | 6422 | 16322 | 16322 | 16322 | 111 | 111 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1.750 | 1.750 | Annual | Annual | 12/21/2052 |  | 27100 | 6527 | 6527 | 4240 | 4240 | 10767 | 10767 | 10767 | 78 | 78 | 0 |
| Receive | Receive | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | 3.500 | 3.500 | Annual | Annual | 12/21/2052 |  | 81300 | (245) | (245) | 9131 | 9131 | 8886 | 8886 | 8886 | 246 | 246 | 0 |
| Pay<sup>(5)</sup> | Pay<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 2.500 | 2.500 | Annual | Annual | 09/16/2031 | EUR | 47400 | 13 | 13 | (1127) | (1127) | (1114) | (1114) | (1114) | 237 | 237 | 0 |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.250 | 0.250 | Annual | Annual | 09/21/2032 |  | 50200 | 4740 | 4740 | 4351 | 4351 | 9091 | 9091 | 9091 | 0 | 0 | (273) |
| Receive | Receive | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 1.750 | 1.750 | Annual | Annual | 03/15/2033 |  | 5700 | 448 | 448 | 46 | 46 | 494 | 494 | 494 | 0 | 0 | (34) |
| Receive<sup>(5)</sup> | Receive<sup>(5)</sup> | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 6-Month EUR-EURIBOR | 0.830 | 0.830 | Annual | Annual | 12/09/2052 |  | 29900 | 182 | 182 | 3510 | 3510 | 3692 | 3692 | 3692 | 36 | 36 | 0 |
| Pay | Pay | Venture Global LNG, Inc. | Venture Global LNG, Inc. | Venture Global LNG, Inc. | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | $ | 10500 | 113 | 113 | 975 | 975 | 1088 | 1088 | 1088 | 45 | 45 | 0 |
| Pay | Pay | Worldline SA/France | Worldline SA/France | Worldline SA/France | 5.000 | 5.000 | Quarterly | Quarterly | 12/20/2030 | EUR | 29100 | (4787) | (4787) | (1273) | (1273) | (6060) | (6060) | (6060) | 0 | 0 | (429) |
|  |  |  |  |  |  |  |  |  |  |  |  | 26446 | $ | 21490 | $ | 47936 | 47936 | 47936 | 1951 | 1951 | (813) |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **26323** | **$** | **21510** | **$** | **47833** | **47833** | **47833** | **1951** | **1951** | **(829)** |
| **(m)** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** | **Securities with an aggregate market value of $7,622 and cash of $50,349 have been pledged as collateral for exchange-traded and centrally cleared financial derivative instruments as of March 31, 2026.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |

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<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(5)</sup> | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. | This instrument has a forward starting effective date. |
| **(n)** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** | **FINANCIAL DERIVATIVE INSTRUMENTS: OVER THE COUNTER** |
| **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** | **FORWARD FOREIGN CURRENCY CONTRACTS:** |
|  |  |  |  |  | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> | <u>Unrealized Appreciation/(Depreciation)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | &nbsp;&nbsp;&nbsp;&nbsp; Counterparty | Settlement<br>Month | Currency to<br>be Delivered | Currency to<br>be Received | Currency to<br>be Received | Asset | Liability |
| &nbsp;&nbsp;&nbsp;&nbsp; BOA | &nbsp;&nbsp;&nbsp;&nbsp; BOA | 04/2026  | 9549 | $1829 | 1829 | $0 | $(14) |
|  |  | 04/2026  | 138 | 186 | 186 | 3 | 0 |
|  |  | 04/2026  | 327335 | 2052 | 2052 | 0 | (11) |
|  |  | 04/2026  | $1831 | 9549 | 9549 | 12 | 0 |
|  |  | 04/2026  | 259542 | 225826 | 225826 | 1479 | 0 |
|  |  | 04/2026  | 2 | 314 | 314 | 0 | 0 |
|  |  | 05/2026  | 227423 | $261777 | 261777 | 0 | (1490) |
|  |  | 05/2026  | $2052 | 326349 | 326349 | 11 | 0 |
|  |  | 06/2026  | 3 | $1 | 1 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPS | &nbsp;&nbsp;&nbsp;&nbsp; BPS | 04/2026  | 10122 | 1939 | 1939 | 0 | (15) |
|  |  | 04/2026  | 488 | 360 | 360 | 9 | 0 |
|  |  | 04/2026  | 237739 | 281027 | 281027 | 6236 | 0 |
|  |  | 04/2026  | $1929 | 10122 | 10122 | 25 | 0 |
|  |  | 04/2026  | 3907 | 3376 | 3376 | 4 | (8) |
|  |  | 05/2026  | 2951500 | $18553 | 18553 | 0 | (100) |
|  |  | 05/2026  | $348 | 106 | 106 | 0 | (5) |
|  |  | 06/2026  | 79 | 1335519 | 1335519 | 0 | (1) |
|  |  | 06/2026  | 250 | 76 | 76 | 0 | (3) |
|  |  | 07/2026  | 155 | 47 | 47 | 0 | (2) |
|  |  | 06/2027  | 121 | 37 | 37 | 0 | (2) |
|  |  | 05/2029  | 518 | $1780 | 1780 | 85 | 0 |
|  |  | 07/2029  | 79 | 270 | 270 | 13 | 0 |
|  |  | 05/2030  | 379 | 1304 | 1304 | 59 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRC | &nbsp;&nbsp;&nbsp;&nbsp; BRC | 04/2026  | 2698 | 3133 | 3133 | 14 | 0 |
|  |  | 04/2026  | 4928 | 630 | 630 | 1 | 0 |
|  |  | 04/2026  | 519652 | 11281 | 11281 | 0 | (180) |
|  |  | 04/2026  | $3791 | 3270 | 3270 | 0 | (12) |
|  |  | 04/2026  | 18599 | 837323 | 837323 | 89 | 0 |
|  |  | 04/2026  | 13844 | $846 | 846 | 29 | 0 |
|  |  | 05/2026  | 142228 | 3055 | 3055 | 0 | (16) |
|  |  | 05/2026  | $564 | 2087240 | 2087240 | 0 | (1) |
|  |  | 05/2026  | 3205 | 148635 | 148635 | 2 | 0 |
|  |  | 08/2026  | 2131321 | $564 | 564 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSH | &nbsp;&nbsp;&nbsp;&nbsp; BSH | 04/2026  | 1318726 | 8259 | 8259 | 0 | (51) |
|  |  | 04/2026  | $37541 | 28201 | 28201 | 0 | (214) |
|  |  | 05/2026  | 28201 | $37540 | 37540 | 214 | 0 |
|  |  | 05/2026  | $8259 | 1314751 | 1314751 | 50 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBK | &nbsp;&nbsp;&nbsp;&nbsp; CBK | 04/2026  | 29108091 | $7638 | 7638 | 0 | (283) |
|  |  | 04/2026  | 286 | 382 | 382 | 3 | 0 |
|  |  | 04/2026  | $1708 | 6362940 | 6362940 | 24 | 0 |
|  |  | 04/2026  | 19521 | 14707 | 14707 | 0 | (55) |
|  |  | 05/2026  | 20444145 | $5536 | 5536 | 17 | 0 |
|  |  | 06/2026  | 22793059 | 6001 | 6001 | 0 | (103) |
|  |  | 07/2026  | 9540613 | 2501 | 2501 | 0 | (39) |
|  |  | 09/2026  | 2218155 | 572 | 572 | 0 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; DUB | &nbsp;&nbsp;&nbsp;&nbsp; DUB | 04/2026  | 23914 | 3057 | 3057 | 4 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; FAR | &nbsp;&nbsp;&nbsp;&nbsp; FAR | 04/2026  | 87 | 112 | 112 | 4 | 0 |
|  |  | 04/2026  | 43630 | 58961 | 58961 | 1212 | 0 |
|  |  | 04/2026  | 1308998 | 8202 | 8202 | 0 | (46) |
|  |  | 04/2026  | $108 | 86 | 86 | 0 | 0 |
|  |  | 04/2026  | 8460 | 6254 | 6254 | 0 | (182) |
|  |  | 04/2026  | 10444 | 1631784 | 1631784 | 0 | (162) |
|  |  | 05/2026  | 86 | $108 | 108 | 0 | 0 |
|  |  | 05/2026  | $1719 | 6355176 | 6355176 | 0 | (4) |
|  |  | 05/2026  | 8202 | 1305044 | 1305044 | 46 | 0 |
|  |  | 08/2026  | 6490842 | $1719 | 1719 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLM | &nbsp;&nbsp;&nbsp;&nbsp; GLM | 04/2026  | 19756 | 3718 | 3718 | 0 | (96) |
|  |  | 04/2026  | $3785 | 19756 | 19756 | 29 | 0 |
|  |  | 04/2026  | 2141 | 7925355 | 7925355 | 15 | 0 |
|  |  | 05/2026  | 106 | $140 | 140 | 0 | 0 |
|  |  | 06/2026  | 8 | 1 | 1 | 0 | 0 |
|  |  | 06/2026  | 100031 | 26 | 26 | 0 | (1) |
|  |  | 06/2026  | $3718 | 20020 | 20020 | 97 | 0 |
|  |  | 07/2026  | 7 | $1 | 1 | 0 | 0 |
|  |  | 07/2026  | 8079385 | 2133 | 2133 | 0 | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp; JPM | 04/2026  | 80 | 107 | 107 | 1 | 0 |
|  |  | 04/2026  | 27906 | 3569 | 3569 | 7 | 0 |
|  |  | 04/2026  | 23133 | 514 | 514 | 0 | (7) |

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<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | 04/2026  | 04/2026  | $ | $ | $9312 | 9312 | 9312 | EUR | 7965 | 7965 |  | 0 | 0 |  | (106) | (106) |
|  |  |  |  | 04/2026  | 04/2026  |  |  | 514 | 514 | 514 | TRY | 23154 | 23154 |  | 7 | 7 |  | 0 | 0 |
|  |  |  |  | 04/2026  | 04/2026  | ZAR | ZAR | 36964 | 36964 | 36964 | $ | 2214 | 2214 |  | 32 | 32 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | &nbsp;&nbsp;&nbsp;&nbsp; MYI | 04/2026  | 04/2026  | $ | $ | $22 | 22 | 22 | JPY | 3478 | 3478 |  | 0 | 0 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | &nbsp;&nbsp;&nbsp;&nbsp; NGF | 04/2026  | 04/2026  |  |  | 5324 | 5324 | 5324 | TRY | 244892 | 244892 |  | 54 | 54 |  | 0 | 0 |
|  |  |  |  | 05/2026  | 05/2026  |  |  | 1415 | 1415 | 1415 |  | 65551 | 65551 |  | 0 | 0 |  | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | &nbsp;&nbsp;&nbsp;&nbsp; SCX | 04/2026  | 04/2026  | GBP | GBP | 5134 | 5134 | 5134 | $ | 6813 | 6813 |  | 18 | 18 |  | 0 | 0 |
|  |  |  |  | 04/2026  | 04/2026  | $ | $ | $353 | 353 | 353 | CAD | 489 | 489 |  | 0 | 0 |  | (2) | (2) |
|  |  |  |  | 04/2026  | 04/2026  |  |  | 8227 | 8227 | 8227 | JPY | 1283334 | 1283334 |  | 0 | 0 |  | (140) | (140) |
|  |  |  |  | 05/2026  | 05/2026  | CAD | CAD | 488 | 488 | 488 | $ | 353 | 353 |  | 2 | 2 |  | 0 | 0 |
|  |  |  |  | 06/2026  | 06/2026  | COP | COP | 4180207 | 4180207 | 4180207 |  | 1113 | 1113 |  | 0 | 0 |  | (6) | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp; SSB | 04/2026  | 04/2026  | $ | $ | $234 | 234 | 234 | JPY | 36395 | 36395 |  | 0 | 0 |  | (4) | (4) |
|  |  |  |  | 08/2026  | 08/2026  | COP | COP | 14936335 | 14936335 | 14936335 | $ | 3916 | 3916 |  | 0 | 0 |  | (26) | (26) |
| &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | &nbsp;&nbsp;&nbsp;&nbsp; UAG | 04/2026  | 04/2026  | $ | $ | $3981 | 3981 | 3981 | COP | 14799867 | 14799867 |  | 46 | 46 |  | 0 | 0 |
|  |  |  |  | 05/2026  | 05/2026  |  |  | 3290 | 3290 | 3290 |  | 12165261 | 12165261 |  | 0 | 0 |  | (6) | (6) |
|  |  |  |  | 06/2026  | 06/2026  | COP | COP | 46588533 | 46588533 | 46588533 | $ | 12290 | 12290 |  | 0 | 0 |  | (185) | (185) |
|  |  |  |  | 08/2026  | 08/2026  |  |  | 12423985 | 12423985 | 12423985 |  | 3290 | 3290 |  | 1 | 1 |  | (1) | (1) |
| **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | **Total Forward Foreign Currency Contracts** | $**9954** | **9954** | **9954** | $**(3601)** | **(3601)** | **(3601)** |
| **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** | **SWAP AGREEMENTS:** |
| **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> | **CREDIT DEFAULT SWAPS ON CORPORATE AND SOVEREIGN ISSUES - SELL PROTECTION**<sup>(1)</sup> |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> | <u>Swap Agreements, at Value</u><sup>(4)</sup> |
| Counterparty | Counterparty | Reference Entity | Reference Entity | Reference Entity | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Fixed <br>Receive Rate | Payment<br>Frequency | Maturity<br>Date | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Implied<br>Credit Spread at<br>March 31, 2026<sup>(2)</sup> | Notional<br>Amount<sup>(3)</sup> | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BRC | BRC | Egypt Government International Bonds  | Egypt Government International Bonds  | Egypt Government International Bonds  | 1.000% | 1.000% | 1.000% | Quarterly | 12/20/2028 | 3.550% | 3.550% | 3.550% | $6200 | (1070) | (1070) | $682 | 0 | 0 | $(388) |
|  |  | Egypt Government International Bonds  | Egypt Government International Bonds  | Egypt Government International Bonds  | 1.000 | 1.000 | 1.000 | Quarterly | 06/20/2029 | 3.628 | 3.628 | 3.628 | 1900 | (405) | (405) | 263 | 0 | 0 | (142) |
|  |  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | 1.000 | 1.000 | 1.000 | Quarterly | 12/20/2030 | 2.738 | 2.738 | 2.738 | 256000 | (140) | (140) | 21 | 0 | 0 | (119) |
|  |  | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | 1.000 | 1.000 | 1.000 | Quarterly | 12/20/2030 | 3.124 | 3.124 | 3.124 | $4800 | (377) | (377) | (33) | 0 | 0 | (410) |
| CBK | CBK | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | 5.000 | 5.000 | Quarterly | 06/20/2027 | 3.980 | 3.980 | 3.980 | 800 | (94) | (94) | 105 | 11 | 11 | 0 |
|  |  | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | 1.000 | 1.000 | 1.000 | Quarterly | 12/20/2030 | 3.124 | 3.124 | 3.124 | 2600 | (211) | (211) | (11) | 0 | 0 | (222) |
| GST | GST | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | 5.000 | 5.000 | Quarterly | 06/20/2027 | 3.980 | 3.980 | 3.980 | 500 | (56) | (56) | 63 | 7 | 7 | 0 |
| JPM | JPM | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | 5.000 | 5.000 | Quarterly | 06/20/2027 | 3.980 | 3.980 | 3.980 | 500 | 7 | 7 | 0 | 7 | 7 | 0 |
|  |  | Ecuador Government International Bonds  | Ecuador Government International Bonds  | Ecuador Government International Bonds  | 5.000 | 5.000 | 5.000 | Quarterly | 06/20/2027 | 2.178 | 2.178 | 2.178 | 1000 | 33 | 33 | 2 | 35 | 35 | 0 |
|  |  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | 1.000 | 1.000 | 1.000 | Quarterly | 12/20/2030 | 2.738 | 2.738 | 2.738 | 134000 | (75) | (75) | 13 | 0 | 0 | (62) |
| MYC | MYC | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | 5.000 | 5.000 | Quarterly | 12/20/2026 | 2.754 | 2.754 | 2.754 | $6600 | 33 | 33 | 83 | 116 | 116 | 0 |
|  |  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | Argentine Republic Government International Bonds  | 5.000 | 5.000 | 5.000 | Quarterly | 06/20/2027 | 3.980 | 3.980 | 3.980 | 700 | (65) | (65) | 75 | 10 | 10 | 0 |
|  |  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | Nissan Motor Co. Ltd.  | 1.000 | 1.000 | 1.000 | Quarterly | 12/20/2030 | 2.738 | 2.738 | 2.738 | 270000 | (147) | (147) | 21 | 0 | 0 | (126) |
|  |  | Petroleos Mexicanos  | Petroleos Mexicanos  | Petroleos Mexicanos  | 1.000 | 1.000 | 1.000 | Quarterly | 12/20/2028 | 2.711 | 2.711 | 2.711 | $1900 | (371) | (371) | 290 | 0 | 0 | (81) |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2938) | (2938) | $1574 | 186 | 186 | $(1550) |
| **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** | **TOTAL RETURN SWAPS ON LOAN PARTICIPATIONS AND ASSIGNMENTS** |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> | <u>Swap Agreements, at Value</u> |
| Counterparty | Counterparty | Pay/<br>Receive | Underlying Reference | Underlying Reference | Underlying Reference | Underlying Reference | Financing Rate | Financing Rate | Payment<br>Frequency | Payment<br>Frequency | Maturity<br>Date | Maturity<br>Date | Notional<br>Amount | Premiums<br>Paid/(Received) | Premiums<br>Paid/(Received) | Unrealized<br>Appreciation/<br>(Depreciation) | Asset | Asset | Liability |
| BPS | BPS | Pay | AP Core Holdings II, LLC  | AP Core Holdings II, LLC  | AP Core Holdings II, LLC  | AP Core Holdings II, LLC  | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | Monthly | Monthly | 04/30/2026 | 04/30/2026 | 30 | 0 | 0 | $23 | 23 | 23 | $0 |
| BPS | BPS | Pay | Syniverse Holdings, Inc.  | Syniverse Holdings, Inc.  | Syniverse Holdings, Inc.  | Syniverse Holdings, Inc.  | 1-Day USD-SOFR Compounded-OIS | 1-Day USD-SOFR Compounded-OIS | Monthly | Monthly | 06/30/2026 | 06/30/2026 | 3938 | 0 | 0 | 693 | 693 | 693 | 0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 | 0 | $716 | 716 | 716 | $0 |
| **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **Total Swap Agreements** | **(2938)** | **(2938)** | $**2290** | **902** | **902** | $**(1550)** |
| **(o)** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** | **Securities with an aggregate market value of $2,118 have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2026.** |
| <sup>(1)</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash, securities or other deliverable obligations equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| <sup>(2)</sup> | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as indicators of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
| <sup>(3)</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| <sup>(4)</sup> | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. | The prices and resulting values for credit default swap agreements serve as indicators of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the underlying referenced instrument's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |

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<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** | **FAIR VALUE MEASUREMENTS** |
| **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | **The following is a summary of the fair valuations according to the inputs used as of March 31, 2026 in valuing the Fund's assets and liabilities**: | |
| Category and Subcategory | Level 1 | Level 1 | Level 2 | Level 2 | Level 3 | Level 3 | Fair Value<br>at 03/31/2026 | Fair Value<br>at 03/31/2026 |  |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |  |
| Loan Participations and Assignments | $0 | 0 | $376048 | 376048 | $269943 | 269943 | $ | 645991 |  |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |  |
| Banking & Finance | 0 | 0 | 112546 | 112546 | 0 | 0 |  | 112546 |  |
| Industrials | 0 | 0 | 317053 | 317053 | 63695 | 63695 |  | 380748 |  |
| Utilities | 0 | 0 | 52493 | 52493 | 1065 | 1065 |  | 53558 |  |
| Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes | Convertible Bonds & Notes |  |
| Banking & Finance | 0 | 0 | 1117 | 1117 | 0 | 0 |  | 1117 |  |
| Industrials | 0 | 0 | 6906 | 6906 | 0 | 0 |  | 6906 |  |
| Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes | Municipal Bonds & Notes |  |
| West Virginia | 0 | 0 | 2323 | 2323 | 0 | 0 |  | 2323 |  |
| U.S. Government Agencies | 0 | 0 | 107948 | 107948 | 0 | 0 |  | 107948 |  |
| U.S. Treasury Obligations | 0 | 0 | 2447 | 2447 | 0 | 0 |  | 2447 |  |
| Non-Agency Mortgage-Backed Securities | 0 | 0 | 521393 | 521393 | 19530 | 19530 |  | 540923 |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |  |
| Automobile ABS Other | 0 | 0 | 6595 | 6595 | 1255 | 1255 |  | 7850 |  |
| Automobile Sequential | 0 | 0 | 0 | 0 | 7842 | 7842 |  | 7842 |  |
| Home Equity Other | 0 | 0 | 208284 | 208284 | 0 | 0 |  | 208284 |  |
| Whole Loan Collateral | 0 | 0 | 25183 | 25183 | 0 | 0 |  | 25183 |  |
| Other ABS | 0 | 0 | 71777 | 71777 | 12854 | 12854 |  | 84631 |  |
| Sovereign Issues | 0 | 0 | 141231 | 141231 | 0 | 0 |  | 141231 |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Communication Services | 0 | 0 | 564 | 564 | 9782 | 9782 |  | 10346 |  |
| Financials | 0 | 0 | 20042 | 20042 | 0 | 0 |  | 20042 |  |
| Health Care | 0 | 0 | 0 | 0 | 69123 | 69123 |  | 69123 |  |
| Industrials | 0 | 0 | 0 | 0 | 38715 | 38715 |  | 38715 |  |
| Real Estate | 0 | 0 | 0 | 0 | 522 | 522 |  | 522 |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |  |
| Banking & Finance | 0 | 0 | 0 | 0 | 3847 | 3847 |  | 3847 |  |
| Industrials | 0 | 0 | 5793 | 5793 | 76936 | 76936 |  | 82729 |  |
| Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts | Real Estate Investment Trusts |  |
| Real Estate | 19376 | 19376 | 0 | 0 | 0 | 0 |  | 19376 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Egypt Treasury Bills | 0 | 0 | 6552 | 6552 | 0 | 0 |  | 6552 |  |
| Nigeria Treasury Bills | 0 | 0 | 39808 | 39808 | 0 | 0 |  | 39808 |  |
| Turkey Treasury Bills | 0 | 0 | 670 | 670 | 0 | 0 |  | 670 |  |
| U.S. Treasury Bills | 0 | 0 | 25729 | 25729 | 0 | 0 |  | 25729 |  |
|  | $19376 | 19376 | $2052502 | 2052502 | $575109 | 575109 | $ | 2646987 |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |  |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |  |
| Affiliated Investments | 0 | 0 | 0 | 0 | 13306 | 13306 |  | 13306 |  |
| Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments | Short-Term Instruments |  |
| Central Funds Used for Cash Management Purposes | 248229 | 248229 | 0 | 0 | 0 | 0 |  | 248229 |  |
|  | $248229 | 248229 | $0 | 0 | $13306 | 13306 | $ | 261535 |  |
| Total Investments | $267605 | 267605 | $2052502 | 2052502 | $588415 | 588415 | $ | 2908522 |  |
| **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  | **Financial Derivative Instruments - Assets**  |  |
| Exchange-traded or centrally cleared | 0 | 0 | 1951 | 1951 | 0 | 0 |  | 1951 |  |
| Over the counter | 0 | 0 | 10856 | 10856 | 0 | 0 |  | 10856 |  |
|  | $0 | 0 | $12807 | 12807 | $0 | 0 | $ | 12807 |  |
| **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  | **Financial Derivative Instruments - Liabilities**  |  |
| Exchange-traded or centrally cleared | 0 | 0 | (829) | (829) | 0 | 0 |  | (829) |  |
| Over the counter | 0 | 0 | (5151) | (5151) | 0 | 0 |  | (5151) |  |
|  | $0 | 0 | $(5980) | (5980) | $0 | 0 | $ | (5980) |  |
| Total Financial Derivative Instruments | $0 | 0 | $6827 | 6827 | $0 | 0 | $ | 6827 |  |
| Totals | $267605 | 267605 | $2059329 | 2059329 | $588415 | 588415 | $ | 2915349 |  |
| **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** | **The following is a reconciliation of the fair valuations using significant unobservable inputs (Level 3) for the Fund during the period ended March 31, 2026:** |
| Accrued<br>Discounts/<br>(Premiums) | Accrued<br>Discounts/<br>(Premiums) | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<sup>(2)</sup> | Transfers into<br>Level 3 | Transfers into<br>Level 3 | Transfers out<br>of Level 3 | Transfers out<br>of Level 3 | Ending<br>Balance<br>at 03/31/2026 | Net Change in<br>Unrealized<br>Appreciation/<br>(Depreciation)<br>on Investments<br>Held at<br>03/31/2026<sup>(1)</sup> |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| $ | 598 | $ | (1128) | $99555 | 99555 | $0 | 0 | $269943 | $(906) |

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<br> Consolidated Schedule of Investments PIMCO Dynamic Income Opportunities Fund (Cont.) March 31, 2026 (Unaudited)

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Corporate Bonds & Notes | Corporate Bonds & Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | Banking & Finance |  | 224 | (79) |  |  | (239) | 0 | 13 | 214 | 0 | (133) | (133) |  | 0 |  | 0 |
| Industrials | Industrials |  | 64087 | 4077 |  |  | (12619) | 45 | 0 | 8105 | 0 | 0 | 0 |  | 63695 |  | 3246 |
| Utilities | Utilities |  | 0 | 3932 |  |  | 0 | (7) | 0 | (2860) | 0 | 0 | 0 |  | 1065 |  | (2860) |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 608 | 608 | 18504 |  |  | 0 | 0 | (14) | 805 | 0 | (373) | (373) |  | 19530 |  | 817 |
| Asset-Backed Securities | Asset-Backed Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Automobile ABS Other | Automobile ABS Other |  | 2224 | 0 |  |  | 0 | 0 | 0 | (477) | 0 | (492) | (492) |  | 1255 |  | (75) |
| Automobile Sequential | Automobile Sequential |  | 8131 | 0 |  |  | (270) | 0 | 0 | (19) | 0 | 0 | 0 |  | 7842 |  | (14) |
| Other ABS | Other ABS |  | 15138 | 0 |  |  | 0 | 260 | 0 | (537) | 0 | (2007) | (2007) |  | 12854 |  | (2540) |
| Common Stocks | Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Communication Services | Communication Services |  | 0 | 0 |  |  | 0 | 0 | 0 | 9782 | 0 | 0 | 0 |  | 9782 |  | 9782 |
| Financials | Financials |  | 22497 | 0 |  |  | (23051) | 0 | (15629) | 16183 | 0 | 0 | 0 |  | 0 |  | 0 |
| Health Care | Health Care |  | 70964 | 0 |  |  | 0 | 0 | 0 | (1841) | 0 | 0 | 0 |  | 69123 |  | (1841) |
| Industrials | Industrials |  | 31997 | 9579 |  |  | (6979) | 0 | 108 | 4010 | 0 | 0 | 0 |  | 38715 |  | 4010 |
| Real Estate<sup>(2)</sup> | Real Estate<sup>(2)</sup> |  | 34 | 0 |  |  | 0 | 0 | 0 | 488 | 0 | 0 | 0 |  | 522 |  | 488 |
| Preferred Securities | Preferred Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Banking & Finance | Banking & Finance |  | 0 | 3847 |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  | 3847 |  | 0 |
| Industrials | Industrials |  | 22831 | 54979 |  |  | 0 | 0 | 0 | (874) | 0 | 0 | 0 |  | 76936 |  | (874) |
|  |  | $420286 | 420286 | 134833 | $ | $ | $(94077) | $896 | $(15230) | $31851 | $99555 | (3005) | (3005) | $ | 575109 | $ | 9233 |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Common Stocks | Common Stocks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Affiliated Investments | Affiliated Investments |  | 21996 | 0 |  |  | (10381) | 0 | 0 | 1691 | 0 | 0 | 0 |  | 13306 |  | 1528 |
| Totals | Totals | $442282 | 442282 | 134833 | $ | $ | $(104458) | $896 | $(15230) | $33542 | $99555 | (3005) | (3005) | $ | 588415 | $ | 10761 |
| <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** | <br>**The following is a summary of significant unobservable inputs used in the fair valuations of assets and liabilities categorized within Level 3 of the fair value hierarchy:** |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) | (% Unless Noted Otherwise) |
| Category and Subcategory | Category and Subcategory | Category and Subcategory | Category and Subcategory | Ending<br>Balance<br>at 03/31/2026 | Ending<br>Balance<br>at 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valuation Technique | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | &nbsp;&nbsp;&nbsp;&nbsp; Unobservable Inputs | Input Value(s) | Input Value(s) | Input Value(s) | Weighted Average | Weighted Average |
| **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** | **Investments in Securities, at Value** |
| Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | Loan Participations and Assignments | $33596 | 33596 | 33596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | 16.360 | 16.360 | 16.360 |  |  |
|  |  |  |  | 121209 | 121209 | 121209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 6.062 - 22.746 | 6.062 - 22.746 | 6.062 - 22.746 | 9.136 | 9.136 |
|  |  |  |  | 10173 | 10173 | 10173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 101.250 | 101.250 | 101.250 |  |  |
|  |  |  |  | 4800 | 4800 | 4800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 | 100.000 |  |  |
|  |  |  |  | 100165 | 100165 | 100165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Party Vendor | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 76.000 - 122.000 | 76.000 - 122.000 | 76.000 - 122.000 | 110.915 | 110.915 |
| Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes | Corporate Bonds & Notes |
| Industrials | Industrials | Industrials | Industrials | 63695 | 63695 | 63695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies/Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies/Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies/Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | 12.500/10.000 | 12.500/10.000 | 12.500/10.000 |  |  |
| Utilities | Utilities | Utilities | Utilities | 522 | 522 | 522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | EUR | 12.000 | 12.000 | 12.000 |  |  |
|  |  |  |  | 543 | 543 | 543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | 450.000 | 450.000 | 450.000 |  |  |
| Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | Non-Agency Mortgage-Backed Securities | 3 | 3 | 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 28.000 - 38.000 | 28.000 - 38.000 | 28.000 - 38.000 | 33.861 | 33.861 |
|  |  |  |  | 19527 | 19527 | 19527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | 100.000 | 100.000 | 100.000 |  |  |
| Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities | Asset-Backed Securities |
| Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | Automobile ABS Other | 1255 | 1255 | 1255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 10.500 - 17.000 | 10.500 - 17.000 | 10.500 - 17.000 | 14.902 | 14.902 |
| Automobile Sequential | Automobile Sequential | Automobile Sequential | Automobile Sequential | 7842 | 7842 | 7842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 10.420 | 10.420 | 10.420 |  |  |
| Other ABS | Other ABS | Other ABS | Other ABS | 12854 | 12854 | 12854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 12.000 - 38.000 | 12.000 - 38.000 | 12.000 - 38.000 | 17.105 | 17.105 |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Communication Services | Communication Services | Communication Services | Communication Services | 9782 | 9782 | 9782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | $15.000 | 15.000 | 15.000 |  |  |
| Health Care | Health Care | Health Care | Health Care | 69123 | 69123 | 69123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple | 16.360 | 16.360 | 16.360 |  |  |
| Industrials | Industrials | Industrials | Industrials | 35869 | 35869 | 35869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies/Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies/Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies/Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; EBITDA Multiple/Discount Rate | 12.500/10.000 | 12.500/10.000 | 12.500/10.000 |  |  |
|  |  |  |  | 2846 | 2846 | 2846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicative Market Quotation | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | &nbsp;&nbsp;&nbsp;&nbsp; Broker Quote | EUR | 16.000 | 16.000 | 16.000 |  |  |
| Real Estate | Real Estate | Real Estate | Real Estate | 522 | 522 | 522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |  |  |  |  |  |  |
| Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities | Preferred Securities |
| Banking & Finance | Banking & Finance | Banking & Finance | Banking & Finance | 3847 | 3847 | 3847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recent Transaction | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | &nbsp;&nbsp;&nbsp;&nbsp; Purchase Price | $0.000<sup>(4)</sup> | 0.000<sup>(4)</sup> | 0.000<sup>(4)</sup> |  |  |
| Industrials | Industrials | Industrials | Industrials | 522 | 522 | 522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparable Companies | &nbsp;&nbsp;&nbsp;&nbsp; Revenue/ EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; Revenue/ EBITDA Multiple | &nbsp;&nbsp;&nbsp;&nbsp; Revenue/ EBITDA Multiple | 4.625/18.000 | 4.625/18.000 | 4.625/18.000 |  |  |
|  |  |  |  | 39656 | 39656 | 39656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounted Cash Flow | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate | 3.734 - 19.155 | 3.734 - 19.155 | 3.734 - 19.155 | 13.573 | 13.573 |
|  |  |  |  | 36758 | 36758 | 36758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Valuation Techniques<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |  |  |  |  |  |
| **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** | **Investments in Affiliates, at Value** |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| Affiliated Investments | Affiliated Investments | Affiliated Investments | Affiliated Investments | 13306 | 13306 | 13306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sum of the Parts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sum of the Parts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sum of the Parts | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate/Mortality Assumption | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate/Mortality Assumption | &nbsp;&nbsp;&nbsp;&nbsp; Discount Rate/Mortality Assumption | 15.323/2015 ANB VBT Mortality Table | 15.323/2015 ANB VBT Mortality Table | 15.323/2015 ANB VBT Mortality Table |  |  |
| Total | Total | Total | Total | $588415 | 588415 | 588415 |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. | Any difference between Net Change in Unrealized Appreciation/(Depreciation) and Net Change in Unrealized Appreciation/(Depreciation) on Investments Held at March 31, 2026 may be due to an investment no longer held or categorized as Level 3 at period end. |
| <sup>(2)</sup> | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. | Sector type updated from Financials to Real Estate since prior fiscal year end. |
| <sup>(3)</sup> | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. | Includes valuation techniques not defined in the Notes to Financial Statements as securities valued using such techniques are not considered significant to the Fund. |
| <sup>(4)</sup> | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. | Input Value is 0.0001. |

---

------

Notes to Financial Statements

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

**1. BASIS FOR CONSOLIDATION**

Each of the Funds' subsidiaries was formed as a wholly owned subsidiary acting as an investment vehicle for the Fund in order to effect certain investments for the Fund consistent with the Fund's investment objectives and policies in effect from time to time. Each Fund's investment portfolio has been consolidated and includes the portfolio holdings of the Fund and its subsidiaries. Accordingly, the consolidated financial statements include the accounts of each Fund and its subsidiaries. All inter-company transactions and balances have been eliminated. This structure was established so that certain investments could be held by a separate legal entity from the Fund. See the table below for details regarding the structure, incorporation and relationship as of period end of the subsidiaries.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **Subsidiary** | &nbsp;&nbsp; **Date of Formation** | &nbsp;&nbsp; **Subsidiary % of Consolidated Fund Net Assets**<sup>†</sup> |
| &nbsp;&nbsp;&nbsp; PDOLS I LLC | &nbsp;&nbsp;&nbsp; 01/15/2021 | &nbsp;&nbsp;&nbsp; 0.0% |
| &nbsp;&nbsp;&nbsp; RLM 4365 LLC | &nbsp;&nbsp;&nbsp; 01/15/2021 | &nbsp;&nbsp;&nbsp; 0.0% |

---

<sup>†</sup> A zero balance may reflect actual amounts rounding to less than 0.01%.

**2. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS**

**(a) Investment Valuation Policies** The NAV of the Fund's shares, or each of its share classes, as applicable, is determined by dividing the total value of portfolio investments and other assets attributable to the Fund or class, less any liabilities, as applicable, by the total number of shares outstanding.

On each day that the New York Stock Exchange ("NYSE") is open, the Fund's shares are ordinarily valued as of the close of regular trading (normally 4:00 p.m., Eastern time) ("NYSE Close"). Information that becomes known to the Fund or its agents after the time as of which NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or the NAV determined earlier that day. If regular trading on the NYSE closes earlier than scheduled, the Fund may calculate its NAV as of the earlier closing time or calculate its NAV as of the NYSE Close for that day. The Fund generally does not calculate its NAV on days on which the NYSE is not open for business. If the NYSE is closed on a day it would normally be open for business, the Fund may calculate its NAV as of the NYSE Close for such day or such other time that the Fund may determine.

For purposes of calculating NAV, portfolio securities and other assets for which market quotations are readily available are valued at market value. A market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable. Market value is generally determined on the basis of official closing prices or the last reported sales prices. The Fund will normally use pricing data for domestic equity securities received shortly after the NYSE Close and do not normally take into account trading, clearances or settlements that take place after the NYSE Close. A foreign (non-U.S.) equity security traded on a foreign exchange or on more than one exchange is typically valued using pricing information from the exchange considered by Pacific Investment Management Company LLC ("PIMCO") to be the primary exchange. If market value pricing is used, a foreign (non-U.S.) equity security will be valued as of the close of trading on the foreign exchange, or the NYSE Close if the NYSE Close occurs before the end of trading on the foreign exchange.

Investments for which market quotations are not readily available are valued at fair value as determined in good faith pursuant to Rule 2a-5 under the Investment Company Act. As a general principle, the fair value of a security or other asset is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Pursuant to Rule 2a-5, the Board of Trustees has designated PIMCO as the valuation designee ("Valuation Designee") for the Fund to perform the fair value determination relating to all Fund investments. PIMCO may carry out its designated responsibilities as Valuation Designee through various teams and committees. The Valuation Designee's policies and procedures govern the Valuation Designee's selection and application of methodologies for determining and calculating the fair value of Fund investments. The Valuation Designee may value Fund portfolio securities for which market quotations are not readily available and other Fund assets utilizing inputs from pricing services, quotation reporting systems, valuation agents and other third-party sources (together, "Pricing Sources").

Domestic and foreign (non-U.S.) fixed income securities, non-exchange traded derivatives and equity options are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources using data reflecting the earlier closing of the principal markets for those securities. Prices obtained from Pricing Sources may be based on, among other things, information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Certain fixed income securities purchased on a delayed-delivery basis are marked to market daily until settlement at the forward settlement date. Common stocks, exchange-traded funds ("ETFs"), exchange-traded notes and financial derivative instruments, such as futures contracts, rights and warrants, or options on futures that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. Exchange-traded options, except equity options, futures and options on futures, are valued at the settlement price determined by the relevant exchange. Swap agreements and swaptions are valued on the basis of bid quotes obtained from brokers and dealers or market-based prices supplied by Pricing Sources. With respect to any portion of the Fund's assets that are invested in one or more open-end management investment companies (other thanETFs), the Fund's NAV will be calculated based on the NAVs of such investments. Open-end management investment companies may include affiliated funds.

If a foreign (non-U.S.) equity security's value has materially changed after the close of the security's primary exchange or principal market but before the NYSE Close, the security may be valued at fair value. Foreign (non-U.S.) equity securities that do not trade when the NYSE is open are also valued at fair value. With respect to foreign (non-U.S.) equity securities, the Fund may determine the fair value of investments based on information provided by Pricing Sources, which may recommend fair value or adjustments with reference to other securities, indexes or assets. In considering whether fair valuation is required and in determining fair values, the Valuation Designee may, among other things, consider significant events (which may be considered to include changes in the value of U.S. securities or securities indexes) that occur after the close of the relevant market and before the NYSE Close. The Fund may utilize modeling tools provided by third-party vendors to determine fair values of foreign (non-U.S.) securities. For these purposes, unless otherwise determined by the Valuation Designee, any movement in the applicable reference index or instrument ("zero trigger") between the earlier close of the applicable foreign market and the NYSE Close may be deemed to be a significant event, prompting the application of the pricing model (effectively resulting in daily fair valuations). Foreign exchanges may permit trading in foreign (non-U.S.) equity securities on days when the Fund is not open for business, which may result in the Fund's portfolio investments being affected when shareholders are unable to buy or sell shares.

Investments valued in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates obtained from Pricing Sources. As a result, the value of such investments and, in turn, the NAV of the Fund's shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Fund is not open for business. As a result, to the extent that the Fund holds foreign (non-U.S.) investments, the value of those investments may change at times when shareholders are unable to buy or sell shares and the value of such investments will be reflected in the Fund's next calculated NAV. An alternative exchange rate may be obtained from a Pricing Source or an exchange rate may otherwise be determined if believed to be more reflective of the rates at which the Fund may transact.

------

Notes to Financial Statements(Cont.)

Fair valuation may require subjective determinations about the value of a security. While the Fund's and Valuation Designee's policies and procedures are intended to result in a calculation of the Fund's NAV that fairly reflects security values as of the time of pricing, the Fund cannot ensure that fair values accurately reflect the price that the Fund could obtain for a security if it were to dispose of that security as of the time of pricing (for instance, in a forced or distressed sale). The prices used by the Fund may differ from the value that would be realized if the securities were sold.

**(b) Fair Value Hierarchy** U.S. GAAP describes fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities, that segregates fair value measurements into levels (Level 1, 2 or 3). The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

• Level 1 — Quoted prices (unadjusted) in active markets or exchanges for identical assets and liabilities.

• Level 2 — Significant other observable inputs, which may include, but are not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market corroborated inputs.

• Level 3 — Significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include assumptions made by the Valuation Designee that are used in determining the fair value of investments.

Assets or liabilities categorized as Level 2 or 3 as of period end have been transferred between Levels 2 and 3 since the prior period due to changes in the method utilized in valuing the investments. Transfers from Level 2 to Level 3 are a result of a change, in the normal course of business, from the use of methods used by Pricing Sources (Level 2) to the use of a Broker Quote or valuation technique which utilizes significant unobservable inputs due to an absence of current or reliable market-based data (Level 3). Transfers from Level 3 to Level 2 are a result of the availability of current and reliable market-based data provided by Pricing Sources or other valuation techniques which utilize significant observable inputs. In accordance with the requirements of U.S. GAAP, the amounts of transfers into and out of Level 3, if material, are disclosed in the Notes to Schedule of Investments for the Fund.

For fair valuations using significant unobservable inputs, U.S. GAAP requires a reconciliation of the beginning to ending balances for reported fair values that presents changes attributable to realized gain (loss), unrealized appreciation (depreciation), purchases and sales, accrued discounts (premiums), and transfers into and out of the Level 3 category during the period. The end of period value is used for the transfers between fair value Levels of the Fund's assets and liabilities. Additionally, U.S. GAAP requires quantitative information regarding the significant unobservable inputs used in the determination of fair value of assets or liabilities categorized as Level 3 in the fair value hierarchy. In accordance with the requirements of U.S. GAAP, a fair value hierarchy and, if material, a Level 3 reconciliation and details of significant unobservable inputs, have been included in the Notes to Schedule of Investments for the Fund.

**(c) Valuation Techniques and the Fair Value Hierarchy**

**Level 1, Level 2 and Level 3 trading assets and trading liabilities, at fair value** The valuation methods (or "techniques") and significant inputs used in determining the fair values of portfolio securities or other assets and liabilities categorized as Level 1, Level 2 and Level 3 of the fair value hierarchy are as follows:

Common stocks, ETFs, exchange-traded notes and financial derivative instruments, such as futures contracts, rights and warrants, or options on futures that are traded on a national securities exchange, are stated at the last reported sale or settlement price on the day of valuation. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 of the fair value hierarchy.

Investments in registered open-end investment companies (other than ETFs) will be valued based upon the NAVs of such investments and are categorized as Level 1 of the fair value hierarchy. Investments in unregistered open-end investment companies will be calculated based upon the NAVs of such investments and are considered Level 1 provided that the NAVs are observable, calculated daily and are the value at which both purchases and sales will be conducted.

Fixed income securities including corporate, convertible and municipal bonds and notes, U.S. government agencies, U.S. treasury obligations, sovereign issues, bank loans, convertible preferred securities, non-U.S. bonds and short-term debt instruments (such as commercial paper, time deposits and certificates of deposit) are normally valued on the basis of quotes obtained from brokers and dealers or Pricing Sources that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The Pricing Sources' internal models use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

Fixed income securities purchased on a delayed-delivery basis or as a repurchase commitment in a sale-buyback transaction are marked to market daily until settlement at the forward settlement date and are categorized as Level 2 of the fair value hierarchy.

Mortgage-related and asset-backed securities are usually issued as separate tranches, or classes, of securities within each deal. These securities are also normally valued by Pricing Sources that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The pricing models for these securities usually consider tranche-level attributes, current market data, estimated cash flows and market-based yield spreads for each tranche, and incorporate deal collateral performance, as available. Mortgage-related and asset-backed securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

Valuation adjustments may be applied to certain securities that are solely traded on a foreign exchange to account for the market movement between the close of the foreign market and the NYSE Close. These securities are valued using Pricing Sources that consider the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments. Securities using these valuation adjustments are categorized as Level 2 of the fair value hierarchy. Preferred securities and other equities traded on inactive markets or valued by reference to similar instruments are also categorized as Level 2 of the fair value hierarchy.

Valuation adjustments may be applied to certain exchange traded futures and options to account for market movement between the exchange settlement and the NYSE Close. These securities are valued using quotes obtained from a quotation reporting system, established market makers or Pricing Sources. Financial derivatives using these valuation adjustments are categorized as Level 2 of the fair value hierarchy.

Equity exchange-traded options and over the counter financial derivative instruments, such as forward foreign currency contracts and options contracts derive their value from underlying asset prices, indexes, reference rates and other inputs or a combination of these factors. These contracts are normally valued on the basis of quotes obtained from a quotation reporting system, established market makers or Pricing Sources (normally determined as of the NYSE Close). Depending on the product and the terms of the transaction,

------

Notes to Financial Statements(Cont.)

financial derivative instruments can be valued by Pricing Sources using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as quoted prices, issuer details, indexes, bid/ask spreads, interest rates, implied volatilities, yield curves, dividends and exchange rates. Financial derivative instruments that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

Centrally cleared swaps and over the counter swaps derive their value from underlying asset prices, indexes, reference rates and other inputs or a combination of these factors. They are valued using a broker-dealer bid quotation or on market-based prices provided by Pricing Sources (normally determined as of the NYSE Close). Centrally cleared swaps and over the counter swaps can be valued by Pricing Sources using a series of techniques, including simulation pricing models. The pricing models may use inputs that are observed from actively quoted markets such as the overnight index swap rate, interest rates, yield curves and credit spreads. These securities are categorized as Level 2 of the fair value hierarchy.

If third-party evaluated vendor pricing is not available or not deemed to be indicative of fair value, the Manager may elect to obtain Broker Quotes directly from the broker-dealer or passed through from a third-party vendor. In the event that fair value is based upon a single sourced Broker Quote, these securities are categorized as Level 3 of the fair value hierarchy. Broker Quotes are typically received from established market participants. Although independently received, the Manager does not have the transparency to view the underlying inputs which support the market quotation. Significant changes in the Broker Quote would have direct and proportional changes in the fair value of the security.

Expected recovery valuation estimates that the fair value of an existing asset can be recovered, net of any liability. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

The Discounted Cash Flow model is based on future cash flows generated by the investment and may be normalized based on expected investment performance. Future cash flows are discounted to present value using an appropriate rate of return, typically calibrated to the initial transaction date and adjusted based on Capital Asset Pricing Model and/or other market-based inputs. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

The Comparable Companies model is based on application of valuation multiples from publicly traded comparable companies to the financials of the subject company. Adjustments may be made to the market-derived valuation multiples based on differences between the comparable companies and the subject company. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

The Sum-of-the-Parts model is typically used when an investment or subject company has two or more separate and distinct assets that would each require its own valuation methodology, typically an income or market approach. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

Securities may be valued based on purchase prices of privately negotiated transactions. Significant changes in the unobservable inputs would result in direct and proportional changes in the fair value of the security. These securities are categorized as Level 3 of the fair value hierarchy.

Short-term debt instruments (such as commercial paper, time deposits and certificates of deposit) having a remaining maturity of 60 days or less may be valued at amortized cost, so long as the amortized cost value of such short-term debt instruments is approximately the same as the fair value of the instrument as determined without the use of amortized cost valuation. These securities are categorized as Level 2 or Level 3 of the fair value hierarchy depending on the source of the base price.

When a fair valuation method is applied by PIMCO that uses significant unobservable inputs, investments will be priced by a method that the Valuation Designee believes reflects fair value and are categorized as Level 3 of the fair value hierarchy.

**3. FEDERAL INCOME TAX MATTERS**

The Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code (the "Code") and distribute all of its taxable income and net realized gains, if applicable, to shareholders. Accordingly, no provision for Federal income taxes has been made.

The Fund may be subject to local withholding taxes, including those imposed on realized capital gains. Any applicable foreign capital gains tax is accrued daily based upon net unrealized gains, and may be payable following the sale of any applicable investments.

In accordance with U.S. GAAP, the Manager has reviewed the Fund's tax positions for all open tax years. As of March 31, 2026, the Fund has recorded no liability for net unrecognized tax benefits relating to uncertain income tax positions it has taken or expects to take in future tax returns.

The Fund files U.S. federal, state and local tax returns as required. The Fund's tax returns are subject to examination by relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return but which can be extended to six years in certain circumstances. Tax returns for open years have incorporated no uncertain tax positions that require a provision for income taxes.

**4. INVESTMENTS IN AFFILIATES**

The Fund may invest in the PIMCO Short Asset Portfolio and the PIMCO Short-Term Floating NAV Portfolio III ("Central Funds") to the extent permitted by the Act, rules thereunder or exemptive relief therefrom. The Central Funds are registered investment companies created for use solely by the series of the Trust and other series of registered investment companies advised by the Adviser, in connection with their cash management activities. The main investments of the Central Funds are money market and short maturity fixed income instruments. The Central Funds may incur expenses related to their investment activities, but do not pay Investment Advisory Fees or Supervisory and Administrative Fees to the Adviser. The Central Funds are considered to be affiliated with the Fund.A copy of each affiliate fund's shareholder report is available at the U.S Securities and Exchange Commission ("SEC") website at www.sec.gov, on the Fund's website at www.pimco.com, or upon request, as applicable.The table below shows the Fund's transactions in and earnings from investments in the affiliated funds for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>):

**Investment in PIMCO Short-Term Floating NAV Portfolio III**

------

Notes to Financial Statements(Cont.)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Market Value<br>06/30/2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Net<br>Realized<br>Gain (Loss)** | **Change in<br>Unrealized<br>Appreciation<br>(Depreciation)** | **Market Value<br>03/31/2026** | **Dividend<br>Income**<sup>(1)</sup> | **Realized Net<br>Capital<br>Gain<br>Distributions**<sup>(1)</sup> |
| $145779 | $932710 | $(830300) | $11 | $29 | $248229 | $5298 | $0 |

---

<sup>†</sup> A zero balance may reflect actual amounts rounding to less than one thousand.

<sup>(1)</sup> The tax characterization of distributions is determined in accordance with Federal income tax regulations and may contain a return of capital. The actual tax characterization of distributions received is determined at the end of the fiscal year of the affiliated fund.

An affiliate includes any company in which a Fund owns 5% or more of the company's outstanding voting shares. The table below represents transactions in and earnings from these affiliated issuers for the period ended March 31, 2026 (amounts in thousands<sup>†</sup>, except number of shares).

**PIMCO Dynamic Income Opportunities Fund**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Security Name** | &nbsp;&nbsp; **Market Value at 06/30/2025** | &nbsp;&nbsp; **Purchases at cost** | &nbsp;&nbsp; **Proceeds from Sale** | &nbsp;&nbsp; **Net Realized Gain/(Loss)** | &nbsp;&nbsp; **Change in Unrealized Appreciation (Depreciation)** | &nbsp;&nbsp; **Market Value at 03/31/2026** | &nbsp;&nbsp; **Dividend Income** | &nbsp;&nbsp; **Shares Held at 03/31/2026** |
| &nbsp;&nbsp; Market Garden Dogwood LLC | $&nbsp;&nbsp; 21996 | $&nbsp;&nbsp; 0 | $&nbsp;&nbsp; (10381) | $&nbsp;&nbsp; 0 | $&nbsp;&nbsp; 1691 | $&nbsp;&nbsp; 13306 | $&nbsp;&nbsp; 0 | &nbsp;&nbsp; 11964745 |

---

<sup>†</sup> A zero balance may reflect actual amounts rounding to less than onethousand.

------

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** | **Glossary: (abbreviations that may be used in the preceding statements)** |  | (Unaudited) |
| **Counterparty Abbreviations:** | **Counterparty Abbreviations:** |  |  |  |  |
| **BNY** | Bank of New York Mellon | **DUB** | Deutsche Bank AG | **MZF** | Mizuho Securities USA LLC |
| **BOA** | Bank of America N.A. | **FAR** | Wells Fargo Bank National Association | **NGF** | Nomura Global Financial Products, Inc. |
| **BOS** | BofA Securities, Inc. | **GLM** | Goldman Sachs Bank USA | **NOM** | Nomura Securities International, Inc. |
| **BPS** | BNP Paribas S.A. | **GST** | Goldman Sachs International | **RCY** | Royal Bank of Canada |
| **BRC** | Barclays Bank PLC | **IND** | Crédit Agricole Corporate and Investment Bank <br> S.A. | **RTA** | RBC (Barbados) Trading Bank Corp. |
| **BSH** | Banco Santander S.A. - New York Branch | **JML** | JP Morgan Securities Plc | **SBI** | Citigroup Global Markets Ltd. |
| **BYR** | The Bank of Nova Scotia - Toronto | **JPM** | JP Morgan Chase Bank N.A. | **SCX** | Standard Chartered Bank, London |
| **CBK** | Citibank N.A. | **MBC** | HSBC Bank Plc | **SOG** | Societe Generale Paris |
| **CDC** | Natixis Securities Americas LLC | **MSB** | Morgan Stanley Bank, N.A | **SSB** | State Street Bank and Trust Co. |
| **CEW** | Canadian Imperial Bank of Commerce World Markets | **MSC** | Morgan Stanley & Co. LLC. | **UAG** | UBS AG Stamford |
| **DBL** | Deutsche Bank AG London | **MYC** | Morgan Stanley Bank, N.A. | **UBS** | UBS Securities LLC |
| **DEU** | Deutsche Bank Securities, Inc. | **MYI** | Morgan Stanley & Co. International PLC | **WFS** | Wells Fargo Securities, LLC |
| **Currency Abbreviations:** | **Currency Abbreviations:** |  |  |  |  |
| **AUD** | Australian Dollar | **EUR** | Euro | **KWD** | Kuwaiti Dinar |
| **BRL** | Brazilian Real | **GBP** | British Pound | **NGN** | Nigerian Naira |
| **CAD** | Canadian Dollar | **HKD** | Hong Kong Dollar | **TRY** | Turkish New Lira |
| **CHF** | Swiss Franc | **IDR** | Indonesian Rupiah | **USD (or $)** | United States Dollar |
| **COP** | Colombian Peso | **JPY** | Japanese Yen | **ZAR** | South African Rand |
| **EGP** | Egyptian Pound |  |  |  |  |
| **Index/Spread Abbreviations:** | **Index/Spread Abbreviations:** |  |  |  |  |
| **BISTREFI** | Turkish Lira Overnight Reference Rate | **EUR012M** | 12 Month EUR Swap Rate | **MSMMUSTF** | MSILF Money Market US Treasury Fund <br> Index |
| **BNMMDTSC** | Dreyfus Treasury Securites Cash Management Fund Yield | **FHMMUSTF** | Federated Hermes US Treasury Cash Reserves <br> Fund Yield | **SOFR** | Secured Overnight Financing Rate |
| **BRMMUSDF** | BlackRock Money Market US Treasury Fund Index | **GSMMUSTF** | Goldman Sachs Money Market US Treasury Fund <br> Index | **SONIO** | Sterling Overnight Interbank Average Rate |
| **CDOR06** | 6 month CDN Swap Rate | **GSMMUSTI** | Goldman Sachs Money Market US Treasury <br> Instrument Index | **TSFR1M** | Term SOFR 1-Month |
| **EUR001M** | 1 Month EUR Swap Rate | **HSMMUSTF** | HSBC UST Money Market Yield | **TSFR3M** | Term SOFR 3-Month |
| **EUR003M** | 3 Month EUR Swap Rate | **JMMMUSTF** | JP Morgan Money Market US Treasury Fund Index | **TSFR6M** | Term SOFR 6-Month |
| **EUR006M** | 6 Month EUR Swap Rate | **JY0003M** | 3 Month JPY-LIBOR |  |  |
| **Other Abbreviations:** | **Other Abbreviations:** |  |  |  |  |
| **ABS** | Asset-Backed Security | **EBITDA** | Earnings before Interest, Taxes, Depreciation and Amoritization | **REMIC** | Real Estate Mortgage Investment Conduit |
| **CDO** | Collateralized Debt Obligation | **EURIBOR** | Euro Interbank Offered Rate | **TBA** | To-Be-Announced |
| **CLO** | Collateralized Loan Obligation | **OIS** | Overnight Index Swap | **TBD** | To-Be-Determined |
| **DAC** | Designated Activity Company | **PIK** | Payment-in-Kind | **TBD%** | Interest rate to be determined when loan <br> settles or at the time of funding |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO Dynamic Income Opportunities Fund

- **b. Investment Company Act file number:** 811-23505

- **c. CIK number of Registrant:** 0001798618

- **d. LEI of Registrant:** 549300MWJBXCL907ZB49

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

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** (844) 337-4626

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

- **a. Name of Series:** N/A

- **c. LEI of Series:** N/A

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3062865469.93

**Total Liabilities:** $1234498826.76

**Net Assets:** $1828366643.17

**Delayed Delivery Securities:** $4704886.00

**Cash Not Reported:** $33136894.70

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3389.184400 | **1-Year:** 16441.145900 | **5-Year:** 24261.274400 | **10-Year:** 20325.815900 | **30-Year:** 2298.196200

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

- **3-Month:** 228861.001000 | **1-Year:** 104668.533100 | **5-Year:** 211839.040500 | **10-Year:** 162348.436400 | **30-Year:** 17774.405400

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.90%                | 0.82%                | -6.39%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2052988.63              | $5211183.09                                |
| Month 2  | $2734848.56              | $-27175006.62                              |
| Month 3  | $2967998.85              | $-51568245.52                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| POLESTAR RE LTD                                                            | POLESTAR RE LTD UNSECURED 144A 01/27 VAR                      | CUSIP: 73110JAB8<br>LEI: 254900VQQ6V3O4PG3408 | Long             | DBT              | CORP              | BM        |     1800000 | PA      | $1861200.00   | 0.10%             | 2027-01-07      | Floating      | 16.79%                | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING TRUST 2014-R8                                      | BANC OF AMERICA FUNDING CORPOR BAFC 2014 R8 A2 144A           | CUSIP: 05969MAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2624226 | PA      | $2262181.06   | 0.12%             | 2036-06-26      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| KENYA GOVT                                                                 | REPUBLIC OF KENYA 2024 TERM LOAN A                            | CUSIP: BA000C8P7<br>LEI: 549300VVURQQYU45PR87 | Long             | LON              | NUSS              | KE        |     4166667 | PA      | $4129501.42   | 0.23%             | 2028-04-05      | Floating      | 9.19%                 | No            |                  3 | On Loan: No      |
| JP MORGAN RESECURITIZATION TRUST SERIES 2015-1                             | JP MORGAN REREMIC JPMRR 2015 1 3A3 144A                       | CUSIP: 46644BAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    10007869 | PA      | $8411809.69   | 0.46%             | 2046-12-27      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| FLORA FOOD MANAGEMENT BV                                                   | UPFIELD B V 2026 GBP TERM LOAN B14                            | CUSIP: BA000W840<br>LEI: 2549002VGA888UKFKS25 | Long             | LON              | CORP              | NL        |    16900000 | PA      | $21418171.71  | 1.17%             | 2030-10-31      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $-10923.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UPSTART SECURITIZATION TRUST 2025-3                                        | UPSTART SECURITIZATION TRUST UPST 2025 3 D 144A               | CUSIP: 91684FAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     8800000 | PA      | $8947166.80   | 0.49%             | 2035-09-20      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A XR 144A                          | CUSIP: ACI2NNDR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     1190581 | PA      | $1576747.23   | 0.09%             | 2059-07-15      | Floating      | 9.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260630                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-298.31      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BSST 2021-1818 MORTGAGE TRUST                                              | BSST MORTGAGE TRUST BSST 2021 1818 F 144A                     | CUSIP: 07403PAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     7125000 | PA      | $779787.08    | 0.04%             | 2036-03-15      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| ASHFORD HOSPITALITY TRUST 2018-ASHF                                        | ASHFORD HOSPITALITY TRUST AHT1 2018 ASHF D 144A               | CUSIP: 04410RAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2500000 | PA      | $2472734.25   | 0.14%             | 2035-04-15      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2021-2                          | FREDDIE MAC   SCRT SCRT 2021 2 BXS 144A                       | CUSIP: 35563P4Q9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5392647 | PA      | $4192085.71   | 0.23%             | 2060-11-25      | Variable      | 13.07%                | No            |                  2 | On Loan: No      |
| ASSET BACKED SEC HOME EQTY LN 2007-HE2                                     | ASSET BACKED SECURITIES CORP H ABSHE 2007 HE2 A4              | CUSIP: 04544TAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     7411150 | PA      | $5352859.34   | 0.29%             | 2037-05-25      | Floating      | 4.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT IDR SOLD USD 20260610                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |           1 | NC      | $-555.27      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -1425900 | PA      | $-1892170.20  | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| NUMERICABLE US LLC                                                         | ALTICE FRANCE SA 2025 EXT TERM LOAN B14                       | CUSIP: BA000QF60<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |     8405991 | PA      | $8439278.26   | 0.46%             | 2031-05-31      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| FIRST FRANKLIN MTG LOAN 2006-FF14                                          | FIRST FRANKLIN MTG LOAN ASSET FFML 2006 FF14 A6               | CUSIP: 32027LAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5897536 | PA      | $4946434.14   | 0.27%             | 2036-10-25      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -516096 | PA      | $-520270.77   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2022-B                                    | SMB PRIVATE EDUCATION LOAN TRU SMB 2022 B R 144A              | CUSIP: 83206NAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        4992 | PA      | $4614076.99   | 0.25%             | 2055-02-16      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260521                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-712.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD BRL BOUGHT USD 20260602                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |           1 | NC      | $-8.28        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LONGLEAF PINE RE LTD                                                       | LONGLEAF PINE RE LTD UNSECURED 144A 05/31 VAR                 | CUSIP: 54307MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      280000 | PA      | $296422.00    | 0.02%             | 2031-05-27      | Floating      | 21.46%                | No            |                  2 | On Loan: No      |
| URSA RE II LTD                                                             | URSA RE II LTD UNSECURED 144A 06/28 VAR                       | CUSIP: 91734PAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      500000 | PA      | $504825.00    | 0.03%             | 2028-06-07      | Floating      | 11.41%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260615                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-1172.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARMOR RE II LTD                                                            | ARMOR RE II LTD SR UNSECURED 144A 05/31 VAR                   | CUSIP: 04227FAE5<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |      250000 | PA      | $263200.00    | 0.01%             | 2031-05-07      | Floating      | 13.74%                | No            |                  2 | On Loan: No      |
| INCORA INTERMEDIATE II LLC                                                 | INCORA INTERMEDIATE II SR SECURED 144A 01/30 VAR              | CUSIP: 45338XAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    31029263 | PA      | $31029263.00  | 1.70%             | 2030-01-31      | Fixed         | 11.68%                | No            |                  3 | On Loan: No      |
| SOHO TRUST 2021-SOHO                                                       | SOHO TRUST 2021 SOHO SOHO 2021 SOHO B 144A                    | CUSIP: 83410JAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5000000 | PA      | $4052978.50   | 0.22%             | 2038-08-10      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| PERATON CORP                                                               | PERATON CORP 2ND LIEN TERM LOAN B1                            | CUSIP: 71360HAG2<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |     1228981 | PA      | $891011.23    | 0.05%             | 2029-02-01      | Floating      | 11.52%                | No            |                  2 | On Loan: No      |
| VALE SA                                                                    | VALE SA SUBORDINATED 12/49 VAR                                | CUSIP: B011X9II2<br>LEI: 254900SMTWBX7RU2SR20 | Long             | DBT              | CORP              | BR        |   340000000 | PA      | $28766277.02  | 1.57%             | 2049-12-29      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 04/26 0.00000                                   | CUSIP: 912797TH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     4663000 | PA      | $4656895.99   | 0.25%             | 2026-04-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1455840 | PA      | $-1459389.82  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-ASHF                                   | MORGAN STANLEY CAPITAL I TRUST MSC 2017 ASHF D 144A           | CUSIP: 61691KAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5370000 | PA      | $5310317.28   | 0.29%             | 2034-11-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | CITIGROUP REVERSE REPO                                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -6746586 | PA      | $-6770321.02  | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                              | EGYPT GOVERNMENT BOND BONDS 03/28 21.954                      | CUSIP: ACI2VM0V0<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   877000000 | PA      | $15709767.10  | 0.86%             | 2028-03-04      | Fixed         | 21.95%                | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST 2021-1                                          | FLAGSHIP CREDIT AUTO TRUST FCAT 2021 1 R 144A                 | CUSIP: 33843WAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       10000 | PA      | $405055.85    | 0.02%             | 2028-04-17      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| FINASTRA USA INC                                                           | FINASTRA USA INC 2025 2ND LIEN TERM LOAN                      | CUSIP: 31772YAB2<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |      900000 | PA      | $778500.00    | 0.04%             | 2033-09-15      | Floating      | 10.67%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3754276 | PA      | $-3795979.28  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| MEDIAPRO (SUBCALIDORA 2 SARL)                                              | SUBCALIDORA 2 2024 EUR TERM LOAN                              | CUSIP: BA0007DG2<br>LEI: N/A                  | Long             | LON              | CORP              | ES        |    14400000 | PA      | $16268591.92  | 0.89%             | 2029-08-14      | Floating      | 7.88%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |           1 | NC      | $704.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOLERA LLC (POLARIS NEWCO LLC)                                             | POLARIS NEWCO, LLC USD TERM LOAN B                            | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |    31623772 | PA      | $27917940.57  | 1.53%             | 2028-06-02      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -367500 | PA      | $-369254.30   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| FREMONT HOME LOAN TRUST 2005-A                                             | FREMONT HOME LOAN TRUST FHLT 2005 A M5                        | CUSIP: 35729PHQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     7185559 | PA      | $6209041.11   | 0.34%             | 2035-01-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| FUTBOL CLUB BARCELONA SL                                                   | ESPAI BRCA FNDO DE TITULZACION EUR TERM LOAN                  | CUSIP: 948FVAII8<br>LEI: 95980020140005871781 | Long             | LON              | CORP              | ES        |     7243286 | PA      | $9169877.35   | 0.50%             | 2028-05-31      | Fixed         | 5.23%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WELLS FARGO 00/00 VAR                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -7387251 | PA      | $-7423428.25  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4164585 | PA      | $-4177410.05  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260803                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-114.27      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD CAD BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |           1 | NC      | $1649.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2020-92                                                  | FANNIE MAE FNR 2020 92 MI                                     | CUSIP: 3136BCK33<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     9175488 | PA      | $1232899.34   | 0.07%             | 2050-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260506                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $402.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| 123 LIGHTS RE LTD                                                          | 123 LIGHTS RE LTD UNSECURED 144A 09/31 VAR                    | CUSIP: 68302QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      350000 | PA      | $361287.50    | 0.02%             | 2031-09-14      | Floating      | 14.51%                | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                          | U S RENAL CARE INC 2025 DELAYED DRAW TERM LOAN                | CUSIP: BA000SL28<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |     1968750 | PA      | $2005727.26   | 0.11%             | 2030-09-25      | Floating      | 9.68%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | EGYPT EM SP BRC                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $-142098.30   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 04/26 0.00000                                   | CUSIP: 912797TG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     4183000 | PA      | $4180483.22   | 0.23%             | 2026-04-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.25000 06/18/25-5Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $-3432667.62  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | NISSAN MOTOR CO LTD SNR JP SP MYC                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | JP        |           1 | NC      | $-125855.76   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $4394.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WORLDWIDE PLAZA TRUST 2017-WWP                                             | WORLDWIDE PLAZA TRUST WPT 2017 WWP A 144A                     | CUSIP: 98162JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5100000 | PA      | $4076685.51   | 0.22%             | 2036-11-10      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| VIRIDIEN                                                                   | VIRIDIEN SR SECURED REGS 10/30 8.5                            | CUSIP: ACI2VMKZ9<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |      542526 | PA      | $660031.75    | 0.04%             | 2030-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| STEENBOK LUX FINCO 1 SARL                                                  | STEENBOK LUX FINCO 2 SARL 2023 EUR PIK TERM LOAN RESTRUC      | CUSIP: 948FWJII8<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    10767241 | PA      | $1596547.60   | 0.09%             | 2028-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PALM RE LTD                                                                | PALM RE LTD UNSECURED 144A 06/32 VAR                          | CUSIP: 69664FAB4<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |      300000 | PA      | $309270.00    | 0.02%             | 2032-06-07      | Floating      | 11.27%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD HKD BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HK        |           1 | NC      | $716.65       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INTELSAT SA                                                                | SES S A COMMON STOCK                                          | CUSIP: 000000000<br>LEI: 549300YV2L21F4K80V46 | Long             | EC               | CORP              | LU        |      652149 | NS      | $9782235.00   | 0.54%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/1.75000 06/15/22-30Y CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $16321126.62  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SENIOR ISSUER PLC                                       | THAMES WATER SUPER SEN SR SECURED 144A 10/27 9.75             | CUSIP: ACI2VXTH6<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |      347793 | PA      | $502091.54    | 0.03%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260803                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $198.42       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BSREP COMMERCIAL MORTGAGE TRUST 2021-DC                                    | BSREP COMMERCIAL MORTGAGE TRUS BSREP 2021 DC A 144A           | CUSIP: 05591UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2274309 | PA      | $2164027.22   | 0.12%             | 2038-08-15      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| MSSG TRUST 2017-237P                                                       | MORGAN STANLEY MORTGAGE CAPITA MSSG 2017 237P B 144A          | CUSIP: 55375KAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     8400000 | PA      | $7951950.72   | 0.43%             | 2039-09-13      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR GBP SONIO/0.75000 09/21/22-30Y LCH                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |           1 | NC      | $8123802.56   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| DISH DBS CORPORATION                                                       | DISH DBS CORP SR SECURED 144A 12/26 5.25                      | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    30500000 | PA      | $30255949.98  | 1.65%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INTEGRITY RE III LTD                                                       | INTEGRITY RE III UNSECURED 144A 06/27 VAR                     | CUSIP: 45870GAF3<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |      300000 | PA      | $329670.00    | 0.02%             | 2027-06-06      | Floating      | 29.01%                | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                                     | CS AT1 CLAIMS US225401AK46 CREDIT SUISSE GROUP AG             | CUSIP: 952NPK908<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |      200000 | PA      | $70000.00     | 0.00%             | 2060-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1347497 | PA      | $-1349338.38  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| PROJECT QUASAR INVESTMENTS 2017 SL                                         | NEPTUNE QUASAR PPN                                            | CUSIP: 936TNJII2<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |           1 | PA      | $0.00         | 0.00%             | 2028-03-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | SOLD BRL BOUGHT USD 20260702                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |           1 | NC      | $-22.47       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PROMOTORA DE INFORMACIONES SA (PRISA)                                      | PROMOTORA DE INFORMACIONES A COMMON STOCK EUR.1               | CUSIP: BXC8GV902<br>LEI: 959800U3NGPXSCQHQW54 | Long             | EC               | CORP              | ES        |     1623357 | NS      | $563732.86    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -526175 | PA      | $-612322.44   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BONANZA RE LTD                                                             | BONANZA RE LTD UNSECURED 144A 01/27 VAR                       | CUSIP: 09785EAR2<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |      400000 | PA      | $339400.00    | 0.02%             | 2027-01-08      | Floating      | 3.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1476279 | PA      | $-1480268.23  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -274994 | PA      | $-276588.31   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/18/24-3Y CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $1137153.14   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-3629.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260417                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $4197.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/30 VAR                | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      271221 | PA      | $159749.17    | 0.01%             | 2030-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                               | ROMANIA SR UNSECURED REGS 09/34 6.25                          | CUSIP: ACI2TMW89<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     6800000 | PA      | $7986402.58   | 0.44%             | 2034-09-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SYNIVERSE CORPORATION                                                      | SYNIVERSE PFD PIK PFDJJZ917                                   | CUSIP: 936UVD902<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     9101659 | NS      | $7657781.12   | 0.42%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO CREDIT AGRICOLE 03/14 VAR                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -805000 | PA      | $-806378.82   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/35 VAR                | CUSIP: 903724CF7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      856488 | PA      | $397410.43    | 0.02%             | 2035-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/35 VAR                | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     1737802 | PA      | $914083.85    | 0.05%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 2024-2                     | THE HUNTINGTON NATIONAL BANK HACLN 2024 2 E 144A              | CUSIP: 44644NAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      597490 | PA      | $588213.94    | 0.03%             | 2032-10-20      | Floating      | 11.17%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-692.49      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PROJECT QUASAR HOLDCO SLU                                                  | PROJECT QUASAR PLEDGCO SLU 2022 EUR TERM LOAN A1              | CUSIP: 944ZSGII9<br>LEI: N/A                  | Long             | LON              | CORP              | ES        |     5118275 | PA      | $5877875.80   | 0.32%             | 2026-04-15      | Floating      | 5.19%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | ECUADOR LA SP JPM                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $35122.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5068                                                    | FREDDIE MAC FHR 5068 GI                                       | CUSIP: 3137F8PA5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     6733501 | PA      | $724544.86    | 0.04%             | 2050-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | YAHOO (AKA: AP CORE HOLDI TL TRS BKL BPS                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $10577.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2017-1                                       | MILL CITY MORTGAGE TRUST MCMLT 2017 1 XS 144A                 | CUSIP: 59981HAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    97443102 | PA      | $230092.40    | 0.01%             | 2058-11-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 06/26 0.00000                                   | CUSIP: 912797TZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3100000 | PA      | $3078686.63   | 0.17%             | 2026-06-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -7128000 | PA      | $-7175213.73  | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ADJ RATE MTGE LOAN 2006-2                                       | STRUCTURED ADJUSTABLE RATE MOR SARM 2006 2 3A1                | CUSIP: 863579U71<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3410228 | PA      | $3351888.42   | 0.18%             | 2036-03-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BARCLAYS REV REPO EUR                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -174216 | PA      | $-201623.29   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO NATEXIS BANQUE REVERSE REPO                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4848919 | PA      | $-4853913.38  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/18/24-2Y CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $16586.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RUSSIAN GOVT                                                               | RUSSIAN FEDERATION SR UNSECURED 144A 04/42 5.625              | CUSIP: 78307ADE0<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        |     1000000 | PA      | $700000.00    | 0.04%             | 2042-04-04      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SIERRA MADRE FUNDING LTD 2004-1A                                           | SIERRA MADRE FUNDING LTD MADRE 2004 1A A1A 144A               | CUSIP: 82639RAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      868245 | PA      | $463603.61    | 0.03%             | 2039-09-07      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-1440             | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 1440 D 144A         | CUSIP: 46653DAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    25550000 | PA      | $13924415.30  | 0.76%             | 2036-03-15      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260518                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-375.60      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GREAT HALL MORTGAGES PLC 2007-2X                                           | GREAT HALL MORTGAGES PLC GHM 2007 2X EA REGS                  | CUSIP: G41577BG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     1940000 | PA      | $2509639.97   | 0.14%             | 2039-06-18      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                              | EGYPT TREASURY BILL BILLS 10/26 0.00000                       | CUSIP: ACI3187G8<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     6800000 | PA      | $109339.96    | 0.01%             | 2026-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY HOME EQUITY LN 2005-2                                       | MORGAN STANLEY HOME EQUITY LOA MSHEL 2005 2 M6                | CUSIP: 61744CQQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5340537 | PA      | $5291271.81   | 0.29%             | 2035-05-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                             | TITULOS DE TESORERIA BONDS 02/33 13.25                        | CUSIP: ACI2C9W52<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 32653000000 | PA      | $8754664.26   | 0.48%             | 2033-02-09      | Fixed         | 13.25%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-1028.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET INVST LN TR 2005-6                                        | STRUCTURED ASSET INVESTMENT LO SAIL 2005 6 M4                 | CUSIP: 86358EUD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    10527346 | PA      | $8547801.97   | 0.47%             | 2035-07-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| GOLDEN BEAR RE LTD SERIES 2026-1                                           | GOLDEN BEAR RE LTD UNSECURED 144A 01/29 VAR                   | CUSIP: 38090EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     1080000 | PA      | $1099602.00   | 0.06%             | 2029-01-08      | Floating      | 9.75%                 | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                                            | REPUBLIC OF VENEZUELA SR UNSECURED REGS 08/31 11.95           | CUSIP: P17625AD9<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      800000 | PA      | $412000.00    | 0.02%             | 2031-08-05      | Fixed         | 11.95%                | No            |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 2024-2                     | THE HUNTINGTON NATIONAL BANK HACLN 2024 2 D 144A              | CUSIP: 44644NAK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      532408 | PA      | $531377.95    | 0.03%             | 2032-10-20      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $62.29        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH LLC                                                         | SPRUCE BIDCO II INC JPY TERM LOAN                             | CUSIP: BA000FPQ9<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |    50917303 | PA      | $318420.44    | 0.02%             | 2032-01-30      | Floating      | 5.75%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-6808.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-IG3 MORTGAGE TRUST                                          | BENCHMARK MORTGAGE TRUST BMARK 2020 IG3 A4 144A               | CUSIP: 08162QAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4103000 | PA      | $3518852.61   | 0.19%             | 2048-09-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                              | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 B 144A          | CUSIP: 36261WAP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    34467608 | PA      | $23356667.77  | 1.28%             | 2060-12-25      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| TREMONT RE LTD                                                             | TREMONT RE LTD UNSECURED 144A 03/33 VAR                       | CUSIP: 89479VAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      250000 | PA      | $250000.00    | 0.01%             | 2033-03-22      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260406                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $573.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW ORLEANS HOTEL TRUST 2019-HNLA                                          | NEW ORLEANS HOTEL TRUST NOHT 2019 HNLA E 144A                 | CUSIP: 647622AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    11978000 | PA      | $11766716.46  | 0.64%             | 2032-04-15      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260403                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $5650.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BCP TRUST 2021-330N                                                        | BCP TRUST BCP 2021 330N D 144A                                | CUSIP: 05553BAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    10000000 | PA      | $1384190.00   | 0.08%             | 2038-06-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | DEUTSCHE REVERSE REPO EUR ZCP                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -601782 | PA      | $-697686.70   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| LUCA RE LTD                                                                | LUCA RE LTD UNSECURED 144A 07/31 VAR                          | CUSIP: 54930CAA3<br>LEI: 2549001YET1TWKCC6Y26 | Long             | DBT              | CORP              | BM        |      700000 | PA      | $721385.00    | 0.04%             | 2031-07-22      | Floating      | 10.80%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4161035 | PA      | $-4192878.04  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| HARP FINCO LIMITED                                                         | HARP FINCO LIMITED GBP TERM LOAN                              | CUSIP: BA0008GH5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |     5324914 | PA      | $7099044.02   | 0.39%             | 2032-03-27      | Floating      | 8.73%                 | No            |                  3 | On Loan: No      |
| UBS GROUP AG                                                               | UBS GROUP AG REG COMMON STOCK USD.1                           | CUSIP: ACI09N1W4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |        5143 | NS      | $200543.02    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3147391 | PA      | $-3161128.27  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| PURPLE RE LTD                                                              | PURPLE RE LTD UNSECURED 144A 06/33 VAR                        | CUSIP: 74639NAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      350000 | PA      | $350000.00    | 0.02%             | 2033-06-07      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| TITANIUM 2L BONDCO SA RL                                                   | TITANIUM 2L BONDCO SARL SR SECURED 01/31 6.25                 | CUSIP: ACI2R0R44<br>LEI: 636700S4QMU2DWYOSF67 | Long             | DBT              | CORP              | LU        |    20125000 | PA      | $3779987.70   | 0.21%             | 2031-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260713                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-11100.17    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3047861 | PA      | $-3069577.26  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| INCORA TOP HOLDCO LLC                                                      | INCORA TOP HOLDCO LLC CONV PIK PRE COMP                       | CUSIP: 955PRK007<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    21568497 | PA      | $32665941.28  | 1.79%             | 2033-01-30      | Fixed         | 6.00%                 | Yes           |                  3 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20260507                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $10853.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2005-HE3                                      | MORGAN STANLEY CAPITAL INC MSAC 2005 HE3 M6                   | CUSIP: 61744CSL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     9668531 | PA      | $7922301.89   | 0.43%             | 2035-07-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| COMM 2021-2400 MORTGAGE TRUST                                              | COMM MORTGAGE TRUST COMM 2021 2400 F 144A                     | CUSIP: 20048FAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5000000 | PA      | $4673733.50   | 0.26%             | 2038-12-15      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET SECUR CORP 2006-OPT1                                      | STRUCTURED ASSET SECURITIES CO SASC 2006 OPT1 M1              | CUSIP: 86359UAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    18161006 | PA      | $15527872.53  | 0.85%             | 2036-04-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BNP PARIBAS REPU REGIONS BANK                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4959909 | PA      | $-4969167.65  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | 3 MONTH SOFR FUT  MAR26 XCME 20260616                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         -36 | NC      | $134453.94    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BEAR STEARNS  COMM MTGE SEC 2007-T26                                       | BEAR STEARNS COMMERCIAL MORTGA BSCMS 2007 T26 AJ              | CUSIP: 07388VAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       14631 | PA      | $14529.94     | 0.00%             | 2045-01-12      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260721                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-116.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A ER                               | CUSIP: ACI2NNDQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     4682000 | PA      | $6202451.02   | 0.34%             | 2059-07-15      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-62065.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                                            | REPUBLIC OF VENEZUELA SR UNSECURED REGS 03/38 7               | CUSIP: P97475AJ9<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      100000 | PA      | $41250.00     | 0.00%             | 2038-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BARCLAYS REV REPO EUR                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -2167485 | PA      | $-2510889.19  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2017-1                                       | MILL CITY MORTGAGE TRUST MCMLT 2017 1 X 144A                  | CUSIP: 59981HAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    97443102 | PA      | $373304.53    | 0.02%             | 2058-11-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -10649767 | PA      | $-10682562.41 | -0.58%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260403                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-13313.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-8                                          | VERUS SECURITIZATION TRUST VERUS 2023 8 B1 144A               | CUSIP: 92540DAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4538000 | PA      | $4587180.12   | 0.25%             | 2068-12-25      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| DENALI INTERMEDIATE HOLDINGS INC                                           | DUN + BRADSTREET CORPOR THE 2025 REVOLVER                     | CUSIP: BA000K747<br>LEI: 2549003M8H6SW81O1D67 | Long             | LON              | CORP              | US        |      381818 | PA      | $381818.18    | 0.02%             | 2032-08-26      | Floating      | 0.63%                 | No            |                  3 | On Loan: No      |
| ADJUSTABLE RATE MORTAGE TRUST 2005-11                                      | ADJUSTABLE RATE MORTGAGE TRUST ARMT 2005 11 2A3               | CUSIP: 007036VC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5769629 | PA      | $3647374.07   | 0.20%             | 2036-02-25      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/17/25-20Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $749441.19    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2944400 | PA      | $-2946773.10  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| MSSG TRUST 2017-237P                                                       | MORGAN STANLEY MORTGAGE CAPITA MSSG 2017 237P D 144A          | CUSIP: 55375KAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3000000 | PA      | $2762883.60   | 0.15%             | 2039-09-13      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                               | YI4360438 NIGERIA OMO BILL                                    | CUSIP: 990ACHTT6<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        | 21650600000 | PA      | $13649226.28  | 0.75%             | 2027-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                             | TITULOS DE TESORERIA BONDS 08/29 11                           | CUSIP: ACI2WZRP4<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 37406000000 | PA      | $9431201.51   | 0.52%             | 2029-08-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| FORWARD AIR CORPORATION (CLUE OPCO LLC)                                    | FORWARD AIR CORPORATION TERM LOAN B                           | CUSIP: 18948EAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     7877449 | PA      | $7688390.22   | 0.42%             | 2030-12-19      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -12715500 | PA      | $-12813833.20 | -0.70%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260413                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-14133.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                               | MPH ACQUISITION HOLDINGS LLC 2025 SECOND OUT TERM LOAN        | CUSIP: 55328HAQ4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |     5126888 | PA      | $4565083.44   | 0.25%             | 2030-12-31      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4345857 | PA      | $-4359930.76  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260428                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-9477.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5093                                                    | FREDDIE MAC FHR 5093 PI                                       | CUSIP: 3137FYKD7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     4398535 | PA      | $735700.73    | 0.04%             | 2051-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-338.23      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MIZUHO SECURITIES                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4622478 | PA      | $-4627428.74  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| DUKE FUNDING LTD 2005-HG3A                                                 | DUKE FUNDING LTD DUKEF 2005 HG3A A1B2 144A                    | CUSIP: 2644EPAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   840369608 | PA      | $143703.20    | 0.01%             | 2049-08-02      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                               | ECOPETROL SA SR UNSECURED 11/31 4.625                         | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     1400000 | PA      | $1245096.72   | 0.07%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |           1 | NC      | $17982.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -33282581 | PA      | $-33310052.67 | -1.82%            |  |  |  | No            |                  2 | On Loan: No      |
| DATABRICKS INC                                                             | DATABRICKS INC 2025 1ST AMENDMENT TERM LOAN                   | CUSIP: 23803RAE1<br>LEI: 984500FEDAC7FBD96273 | Long             | LON              | CORP              | US        |     3848253 | PA      | $3829012.01   | 0.21%             | 2032-01-05      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -8019081 | PA      | $-8038634.57  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT GBP SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |           1 | NC      | $-214315.46   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2017-1                                       | MILL CITY MORTGAGE TRUST MCMLT 2017 1 B4 144A                 | CUSIP: 59981HAH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    16205000 | PA      | $11339408.24  | 0.62%             | 2058-11-25      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| DENALI INTERMEDIATE HOLDINGS INC                                           | DUN + BRADSTREET CORPOR THE 2025 TERM LOAN                    | CUSIP: BA000K739<br>LEI: 2549003M8H6SW81O1D67 | Long             | LON              | CORP              | US        |     3808636 | PA      | $3733719.73   | 0.20%             | 2032-08-26      | Floating      | 9.18%                 | No            |                  3 | On Loan: No      |
| LOCKE TAVERN RE LTD                                                        | LOCKE TAVERN RE LTD UNSECURED 144A 04/33 VAR                  | CUSIP: 539694AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      300000 | PA      | $300000.00    | 0.02%             | 2033-04-11      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/18/24-4Y CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $235110.18    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DUKE FUNDING LTD 2005-HG3A                                                 | DUKE FUNDING LTD DUKEF 2005 HG3A A1B1 144A                    | CUSIP: 2644EPAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    29909825 | PA      | $215231.10    | 0.01%             | 2049-08-02      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| GLOBAL SPORTS GROUP (GSG BIDCO LIMITED)                                    | GSG BIDCO LTD SR SECURED 144A 06/51 6.375                     | CUSIP: ACI38RD49<br>LEI: 984500F49D98F3GDZ668 | Long             | DBT              | CORP              | JE        |     2600000 | PA      | $2984639.91   | 0.16%             | 2051-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                              | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 X 144A          | CUSIP: 36261WAR8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   148831913 | PA      | $4717138.19   | 0.26%             | 2060-12-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GREENWOOD PARK CLO LTD 2018-1A                                             | FEE0009H3 GRNPK 2018 A SUB FEE                                | CUSIP: 937ZNKII4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    27000000 | PA      | $1408.86      | 0.00%             | 2031-04-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| FREDDIE MAC REMICS 5095                                                    | FREDDIE MAC FHR 5095 BI                                       | CUSIP: 3137FYR32<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     6129873 | PA      | $638344.16    | 0.03%             | 2041-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA6                                    | FREDDIE MAC   STACR STACR 2021 DNA6 B2 144A                   | CUSIP: 35564KLV9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    23500000 | PA      | $24174666.20  | 1.32%             | 2041-10-25      | Floating      | 11.16%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | ARGENTINA LA SP MYC                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $9556.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5039                                                    | FREDDIE MAC FHR 5039 JI                                       | CUSIP: 3137F63T2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    12146015 | PA      | $1261583.46   | 0.07%             | 2050-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| EVERGLADES RE II LTD                                                       | EVERGLADES RE II LTD UNSECURED 144A 05/31 VAR                 | CUSIP: 30014LAM6<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |      500000 | PA      | $506750.00    | 0.03%             | 2031-05-13      | Floating      | 14.03%                | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORP TRUST 2018-LUAU                                | GS MORTGAGE SECURITIES TRUST GSMS 2018 LUAU E 144A            | CUSIP: 36256AAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    10782000 | PA      | $10750602.82  | 0.59%             | 2032-11-15      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE LUX 3 / ALTICE HOLDINGS 1                                    | ALTICE FRAN LUX 3/HOLD 1 SR UNSECURED 144A 01/33 10           | CUSIP: 020956AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     8114704 | PA      | $7384282.45   | 0.40%             | 2033-01-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -454415 | PA      | $-526340.57   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-355.86      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA7                                    | FREDDIE MAC   STACR STACR 2021 DNA7 B2 144A                   | CUSIP: 35564KNE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    14300000 | PA      | $14789247.33  | 0.81%             | 2041-11-25      | Floating      | 11.46%                | No            |                  2 | On Loan: No      |
| DOGWOOD LLC                                                                | MARKET GARDEN EQTYQL9A8                                       | CUSIP: 902FLS002<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    11964745 | NS      | $13305501.86  | 0.73%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CITIGROUP MTGE LOAN TR INC 2006-AR6                                        | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2006 AR6 1A1              | CUSIP: 17309RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      971823 | PA      | $884670.67    | 0.05%             | 2036-08-25      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| STRATEGIC GAMING MANAGEMENT LLC                                            | STRATEGIC GAMING COMMITMENT TERM LOAN                         | CUSIP: BA000QXN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     5500000 | PA      | $5610202.95   | 0.31%             | 2030-10-15      | Fixed         | 10.67%                | No            |                  3 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-6430.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                     | VENTURE GLOBAL LNG INC JR SUBORDINA 144A 12/99 VAR            | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |     1260000 | NS      | $1255451.40   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-1564.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | CITIGROUP REVERSE REPO                                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3193007 | PA      | $-3220207.59  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| NATURE COAST RE LTD                                                        | NATURE COAST RE LTD UNSECURED 144A 04/33 VAR                  | CUSIP: 63901CAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      250000 | PA      | $258800.00    | 0.01%             | 2033-04-10      | Floating      | 13.28%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR GBP SONIO/3.50000 03/18/26-5Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |           1 | NC      | $-917008.38   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1672435 | PA      | $-1684724.96  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260506                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-1912.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DISH DBS CORPORATION                                                       | DISH DBS CORP COMPANY GUAR 07/26 7.75                         | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    14600000 | PA      | $14568058.12  | 0.80%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | ARGENTINA LA SP GST                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $1365.24      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC 2024-A                                       | COLLEGE AVE STUDENT LOANS CASL 2024 A R 144A                  | CUSIP: 19424R108<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       10952 | PA      | $5991247.79   | 0.33%             | 2054-06-25      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO STANDARD CHARTERE VAR 1                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -12843657 | PA      | $-12921682.65 | -0.71%            |  |  |  | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2021-N1                                     | CARVANA AUTO RECEIVABLES TRUST CRVNA 2021 N1 R 144A           | CUSIP: 14687D102<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       10050 | PA      | $849643.22    | 0.05%             | 2028-01-10      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| UBISOFT ENTERTAINMENT                                                      | UBISOFT ENTERTAINMENT SA SR UNSECURED REGS 11/27 0.878        | CUSIP: ACI1SYQ75<br>LEI: 969500I7C8V1LBIMSM05 | Long             | DBT              | CORP              | FR        |     7700000 | PA      | $7189695.35   | 0.39%             | 2027-11-24      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-1231.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT BRL SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |           1 | NC      | $22.36        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2017-75B                      | NATIXIS COMMERCIAL MORTGAGE SE NCMS 2017 75B A 144A           | CUSIP: 63874EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4250000 | PA      | $4041899.60   | 0.22%             | 2037-04-10      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| MRCD 2019-PARK MORTGAGE TRUST                                              | MRCD MORTGAGE TRUST MRCD 2019 PARK G 144A                     | CUSIP: 55348UAW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    13000000 | PA      | $6402500.00   | 0.35%             | 2036-12-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| TRANSNET                                                                   | TRANSNET SOC LTD 2015 ZAR TERM LOAN                           | CUSIP: BA000FR04<br>LEI: 378900B07CD6F01EA796 | Long             | LON              | CORP              | ZA        |    59751154 | PA      | $3485045.31   | 0.19%             | 2028-03-02      | Floating      | 10.66%                | No            |                  3 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A FR                               | CUSIP: ACI2NNDT8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     4682000 | PA      | $6192929.18   | 0.34%             | 2059-07-15      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -4748718 | PA      | $-6303083.35  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                                              | ANNALY CAPITAL MANAGEMENT IN REIT USD.01                      | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |      609500 | NS      | $12890925.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| FANNIE MAE REMICS 2020-99                                                  | FANNIE MAE FNR 2020 99 QI                                     | CUSIP: 3136BDHS0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     3457995 | PA      | $581569.68    | 0.03%             | 2051-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BCP TRUST 2021-330N                                                        | BCP TRUST BCP 2021 330N E 144A                                | CUSIP: 05553BAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5000000 | PA      | $377095.00    | 0.02%             | 2038-06-15      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT GBP SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |           1 | NC      | $-28048.43    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -8491888 | PA      | $-8514358.48  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| AYRESOME CDO I LTD                                                         | AYRESOME CDO LTD AYRES 2005 1A A1B 144A                       | CUSIP: 05473WAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    25992360 | PA      | $6776598.18   | 0.37%             | 2045-12-08      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |           1 | NC      | $2870.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET SEC TRUST 2006-A8                                        | RESIDENTIAL ASSET SECURITIZATI RAST 2006 A8 2A4               | CUSIP: 761119AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5384592 | PA      | $1405972.37   | 0.08%             | 2036-08-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HESTIA RE LTD                                                              | HESTIA RE LTD UNSECURED 144A 03/32 VAR                        | CUSIP: 42815KAC6<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |      250000 | PA      | $254000.00    | 0.01%             | 2032-03-13      | Floating      | 10.27%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD CHF BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |           1 | NC      | $3898.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VIALTO PARTNERS (GALAXY US OPCO INC)                                       | GALAXY US OPCO INC. TERM LOAN                                 | CUSIP: 36321DAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    14762801 | PA      | $12812044.05  | 0.70%             | 2030-07-31      | Fixed         | 8.87%                 | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                                            | REPUBLIC OF VENEZUELA SR UNSECURED REGS 05/28 9.25            | CUSIP: P17625AB3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     1600000 | PA      | $736000.00    | 0.04%             | 2028-05-07      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2021-1                          | FREDDIE MAC   SCRT SCRT 2021 1 M 144A                         | CUSIP: 35563PWQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5706284 | PA      | $5585570.77   | 0.31%             | 2060-09-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                             | PETERSEN CLAIM UNITS                                          | CUSIP: 958CFGII7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | CORP              | US        |      120711 | PA      | $543199.50    | 0.03%             | 2099-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| SPECIALTY UNDERWRITING & RESIDL 2006-BC4                                   | SPECIALTY UNDERWRITING + RESID SURF 2006 BC4 A2C              | CUSIP: 84751YAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    20915136 | PA      | $7056139.37   | 0.39%             | 2037-09-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                              | COREWEAVE INC COMPANY GUAR 144A 02/31 9                       | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     2600000 | PA      | $2477199.14   | 0.14%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                               | ECOPETROL SA SR UNSECURED 02/32 7.75                          | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    31500000 | PA      | $31836876.44  | 1.74%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VOUSSOIR RE LTD                                                            | WAFC VOUSSOIR WAFC VOUSSOIR                                   | CUSIP: 957IQY903<br>LEI: 549300XW5WDY1508DB60 | Long             | EP               | CORP              | US        |     3846808 | NS      | $3846808.00   | 0.21%             |  |  |  | No            |                  3 | On Loan: No      |
| COMM 2019-521F MORTGAGE TRUST                                              | COMM MORTGAGE TRUST COMM 2019 521F F 144A                     | CUSIP: 20048GAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     7400000 | PA      | $5106000.00   | 0.28%             | 2034-06-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260406                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-12392.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STEENBOK LUX FINCO 2 SARL                                                  | STEENBOK LUX FINCO 2 SARL EUR 2ND LIEN PIK TERM LOAN A2       | CUSIP: 948FWKII5<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    45544068 | PA      | $16134810.02  | 0.88%             | 2028-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST 2021-410T                       | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 410T A 144A         | CUSIP: 46652WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     7000000 | PA      | $6581770.30   | 0.36%             | 2042-03-05      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| AMSURG LLC                                                                 | ENVISION HEALTHCARE CORPORTION 2023 LAST OUT TERM LOAN        | CUSIP: 949ABFII9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    32617323 | PA      | $33595842.88  | 1.84%             | 2028-09-15      | Fixed         | 11.64%                | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -8446188 | PA      | $-8503023.32  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | IRS EUR 0.25000 09/21/22-10Y LCH                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |           1 | NC      | $9089848.36   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT BRL SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |           1 | NC      | $24860.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260713                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-16822.86    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | CITIGROUP REVERSE REPO                                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3169657 | PA      | $-3171865.65  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAST MORTGAGE TRUST 2022-1700                                             | BSST MORTGAGE TRUST BSST 2022 1700 A 144A                     | CUSIP: 055742AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3000000 | PA      | $2654347.80   | 0.15%             | 2037-02-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -16600328 | PA      | $-16635986.69 | -0.91%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3825000 | PA      | $-3852905.50  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| GREENGROVE RE LTD                                                          | GREENGROVE RE LTD UNSECURED 144A 04/32 VAR                    | CUSIP: 39526JAA9<br>LEI: 254900WH3CK41D9L7T70 | Long             | DBT              | CORP              | BM        |      300000 | PA      | $310950.00    | 0.02%             | 2032-04-08      | Floating      | 11.27%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -6660207 | PA      | $-6705850.06  | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO MTGE BK SEC TR 2006-AR15                                       | WELLS FARGO MORTGAGE BACKED SE WFMBS 2006 AR15 A1             | CUSIP: 94985AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      149493 | PA      | $144422.92    | 0.01%             | 2036-10-25      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -20455754 | PA      | $-20458470.47 | -1.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260422                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $3197.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 06/20/24-5Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $-76570.55    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL                    | ION PLAT FIN US/SARL SR SECURED 144A 05/29 9.5                | CUSIP: 46206AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2700000 | PA      | $2544557.22   | 0.14%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH LLC                                                         | SPRUCE BIDCO II INC TERM LOAN                                 | CUSIP: BA000FPP1<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |     2623587 | PA      | $2602336.70   | 0.14%             | 2032-01-30      | Fixed         | 8.45%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4195924 | PA      | $-4199182.83  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2909295 | PA      | $-2949998.45  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| COHESITY INC                                                               | CLOVER 2024 HOLDINGS INC VERITAS G 1 PREFERRED                | CUSIP: 955EKAII3<br>LEI: 254900JU2GC36CXYYG09 | Long             | EP               | CORP              | US        |       11281 | NS      | $213361.07    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FANNIE MAE REMICS 2020-80                                                  | FANNIE MAE FNR 2020 80 IP                                     | CUSIP: 3136BCYT1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     8912514 | PA      | $1256311.51   | 0.07%             | 2049-04-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD BRL BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |           1 | NC      | $-96285.65    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/36 VAR                | CUSIP: 903724CG5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      713740 | PA      | $330461.62    | 0.02%             | 2036-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| CERBA HEALTHCARE (CHROME BIDCO)                                            | CERBA HEALTHCARE S A S 2022 EUR TERM LOAN C                   | CUSIP: 944ZQDII8<br>LEI: 9845000C1FYE89DC8677 | Long             | LON              | CORP              | FR        |     8300000 | PA      | $7085081.56   | 0.39%             | 2029-02-16      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2247188 | PA      | $-2257108.32  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO CIBC                                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3530903 | PA      | $-3565860.94  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO NOMURA                                           | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1653527 | PA      | $-1659957.32  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A ZR                               | CUSIP: ACI2NNDS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     6244000 | PA      | $9599603.20   | 0.53%             | 2059-07-15      | Floating      | 8.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |           1 | NC      | $1203.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PROJECT CASHMERE                                                           | PROJECT CASHMERE CLASS M 144A                                 | CUSIP: 990ABJSM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |     6100000 | PA      | $4208696.13   | 0.23%             | 2057-12-30      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| COLT 2023-1 MORTGAGE LOAN TRUST                                            | COLT FUNDING LLC COLT 2023 1 B1 144A                          | CUSIP: 19688NAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3288000 | PA      | $3284986.22   | 0.18%             | 2068-04-25      | Variable      | 7.90%                 | No            |                  2 | On Loan: No      |
| PERU LNG SRL                                                               | PERU LNG SRL SR UNSECURED REGS 03/30 5.375                    | CUSIP: P7721BAE1<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |    11085550 | PA      | $10768307.06  | 0.59%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                | TURKIYE GOVERNMENT BOND BONDS 05/26 VAR                       | CUSIP: ACI2Q1SN0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |      600000 | PA      | $13502.14     | 0.00%             | 2026-05-20      | Floating      | 39.64%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO CIBC                                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -5157183 | PA      | $-5177249.90  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $62.67        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $1875.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MYERS PARK CLO LTD 2018-1A                                                 | MYERS PARK CLO LTD MYERS 2018 1A SUB 144A                     | CUSIP: 62848GAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    13000000 | PA      | $2231268.91   | 0.12%             | 2030-10-20      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1326019 | PA      | $-1334564.47  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/34 VAR                | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     1013511 | PA      | $436823.24    | 0.02%             | 2034-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GATEWAY RE LTD                                                             | GATEWAY RE LTD UNSECURED 144A 07/29 VAR                       | CUSIP: 36779CBA3<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |     1800000 | PA      | $1800000.00   | 0.10%             | 2029-07-06      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1761302 | PA      | $-1765591.50  | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $-161869.60   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO NOMURA                                           | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -916629 | PA      | $-917368.65   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/36 VAR                | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     1613673 | PA      | $832655.27    | 0.05%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| HESTIA RE LTD                                                              | HESTIA RE LTD UNSECURED 144A 04/29 VAR                        | CUSIP: 42815KAA0<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |       67056 | PA      | $37551.44     | 0.00%             | 2029-04-22      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.50000 03/18/26-5Y LCH                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $-1922278.10  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                | TURKIYE GOVERNMENT BOND BONDS 09/28 VAR                       | CUSIP: ACI2R3GV0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   396200000 | PA      | $8879986.68   | 0.49%             | 2028-09-06      | Fixed         | 39.28%                | No            |                  2 | On Loan: No      |
| ALIGNED DATA CENTERS INTERNATIONAL LP                                      | ALIGNED DATA CENTERS INTER LP 2024 TERM LOAN                  | CUSIP: BA000JN59<br>LEI: 2549007PAQ06QVDCLR50 | Long             | LON              | CORP              | US        |     8100000 | PA      | $8152588.36   | 0.45%             | 2029-12-18      | Floating      | 7.22%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2109328 | PA      | $-2116379.40  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WELLS FARGO 00/00 VAR                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3463750 | PA      | $-3465919.65  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| ADLER GROUP SA                                                             | ADLER GROUP SA   VTG SHS COMMON STOCK                         | CUSIP: ACI2RMKR2<br>LEI: 391200OYYFJ3DWAMEC69 | Long             | EP               | CORP              | LU        |     3588226 | NS      | $4.15         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PETROLEOS DE VENEZUELA SA (PDVSA)                                          | PETROLEOS DE VENEZUELA S COMPANY GUAR REGS 11/26 6            | CUSIP: P7807HAR6<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     4900000 | PA      | $1686090.00   | 0.09%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT              | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 WPT AFX 144A        | CUSIP: 46645WAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      800000 | PA      | $765909.44    | 0.04%             | 2033-07-05      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST 2022-NQM2                                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2022 NQM2 B1 144A           | CUSIP: 12664VAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    11699250 | PA      | $8745906.54   | 0.48%             | 2067-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A GR                               | CUSIP: ACI2NNDW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     4682000 | PA      | $6107551.14   | 0.33%             | 2059-07-15      | Floating      | 9.24%                 | No            |                  2 | On Loan: No      |
| NATURE COAST RE LTD                                                        | NATURE COAST RE LTD UNSECURED 144A 02/30 VAR                  | CUSIP: 63901CAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      400000 | PA      | $398880.00    | 0.02%             | 2030-02-26      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| DOLP TRUST 2021-NYC                                                        | DOLP TRUST DOLP 2021 NYC X 144A                               | CUSIP: 23345LAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   309500000 | PA      | $8128042.58   | 0.44%             | 2041-05-10      | Variable      | 0.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -9720557 | PA      | $-9766513.63  | -0.53%            |  |  |  | No            |                  2 | On Loan: No      |
| URSA RE LTD                                                                | URSA RE LTD UNSECURED 144A 12/28 VAR                          | CUSIP: 90323WAN0<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |     2000000 | PA      | $2056700.00   | 0.11%             | 2028-12-07      | Floating      | 12.80%                | No            |                  2 | On Loan: No      |
| BBCMS TRUST 2018-CBM                                                       | BARCLAYS COMMERCIAL MORTGAGE S BBCMS 2018 CBM A 144A          | CUSIP: 05549RAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     7000000 | PA      | $6815090.80   | 0.37%             | 2037-07-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| SUMMER STREET LTD 2005-1A                                                  | SUMMER STREET LTD SMSTR 2005 1A A1 144A                       | CUSIP: 86565MAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    56060041 | PA      | $11541921.51  | 0.63%             | 2045-12-06      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $3463.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPE LOOKOUT RE LTD                                                        | CAPE LOOKOUT RE LTD UNSECURED 144A 03/33 VAR                  | CUSIP: 13947LAH5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      350000 | PA      | $350000.00    | 0.02%             | 2033-03-21      | Floating      | 8.76%                 | No            |                  2 | On Loan: No      |
| NGD HOLDINGS BV                                                            | NGD HOLDINGS BV SR SECURED 12/26 6.75                         | CUSIP: ACI1XVPP6<br>LEI: 984500ED2ABF0UF46690 | Long             | DBT              | CORP              | NL        |      720176 | PA      | $671564.12    | 0.04%             | 2026-12-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | N/A       |    -9135865 | PA      | $-10580704.71 | -0.58%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MIZUHO SECURITIES                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -10612577 | PA      | $-10623708.49 | -0.58%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2031425 | PA      | $-2055632.82  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260421                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-8664.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5087                                                    | FREDDIE MAC FHR 5087 IP                                       | CUSIP: 3137FFME4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     8092186 | PA      | $1435238.29   | 0.08%             | 2051-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2401200 | PA      | $-2402885.19  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4073                                                    | FREDDIE MAC FHR 4073 SB                                       | CUSIP: 3137ARYF7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     1328537 | PA      | $128159.89    | 0.01%             | 2042-07-15      | Floating      | 2.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -9361560 | PA      | $-9446791.79  | -0.52%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO CIBC                                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3637500 | PA      | $-3673154.57  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4126047 | PA      | $-4155754.57  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY REREMIC TRUST 2010-R5                                       | MORGAN STANLEY REREMIC TRUST MSRR 2010 R5 3B 144A             | CUSIP: 61759HAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2276502 | PA      | $2402452.40   | 0.13%             | 2037-03-26      | Floating      | 3.07%                 | No            |                  2 | On Loan: No      |
| KKR CLO 31 LTD 31A                                                         | KKR FINANCIAL CLO LTD KKR 31A SUB 144A                        | CUSIP: 48254MAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    10000000 | PA      | $2129943.70   | 0.12%             | 2034-04-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING XXIII LTD 2017-23A                                    | MADISON PARK FUNDING LTD MDPK 2017 23A SUB 144A               | CUSIP: 55820UAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     5600000 | PA      | $328628.61    | 0.02%             | 2047-07-27      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-29040.79    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2019-NUGS                                   | MORGAN STANLEY CAPITAL I TRUST MSC 2019 NUGS E 144A           | CUSIP: 61692AAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4294000 | PA      | $46890.48     | 0.00%             | 2036-12-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | ARGENTINA LA SP MYC                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $116413.05    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | US TREASURY N/B 08/45 4.875                                   | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      935000 | PA      | $932151.17    | 0.05%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVT                                                               | UKRAINE GOVERNMENT SR UNSECURED 144A 02/34 VAR                | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     1613673 | PA      | $864928.73    | 0.05%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260610                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-491.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNC MORTGAGE LOAN TRUST 2007-4                                             | BNC MORTGAGE LOAN TRUST BNCMT 2007 4 A2                       | CUSIP: 05570GAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    32782500 | PA      | $23504675.50  | 1.29%             | 2037-11-25      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/1.75000 12/21/22-30Y CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $10766878.48  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH (SPRUCE BIDCO II INC)                                       | SPRUCE BIDCO II INC REVOLVER                                  | CUSIP: BA000FL00<br>LEI: 254900ZDXA1N7X9RDU49 | Long             | LON              | CORP              | US        |      595734 | PA      | $594661.64    | 0.03%             | 2032-01-30      | Fixed         | 2.25%                 | No            |                  3 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797TT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2262000 | PA      | $2249432.16   | 0.12%             | 2026-05-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260803                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $435.96       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INTEGRITY RE III LTD                                                       | INTEGRITY RE III UNSECURED 144A 06/28 VAR                     | CUSIP: 45870GAE6<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |      400000 | PA      | $415560.00    | 0.02%             | 2028-06-06      | Floating      | 15.76%                | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                               | YI4360529 NIGERIA OMO BILL                                    | CUSIP: 990ACHUB3<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | US        | 20877000000 | PA      | $13081784.25  | 0.72%             | 2027-01-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1366798 | PA      | $-1371103.41  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2012-132                                                 | FANNIE MAE FNR 2012 132 IK                                    | CUSIP: 3136AAPX7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     1032294 | PA      | $66016.42     | 0.00%             | 2032-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC MORTGAGE INVESTMENT TRUST                                         | PENNYMAC MORTGAGE INVESTMENT REIT USD.01                      | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |      556200 | NS      | $6485292.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| STEPSTONE GROUP MIDCO 2 GMBH                                               | STEPSTNE GRUP MDCO 2 GMBH THE USD TERM LOAN                   | CUSIP: BA000BVC2<br>LEI: 894500DB5T5ENCFFQU61 | Long             | LON              | CORP              | US        |     4969726 | PA      | $4373359.02   | 0.24%             | 2031-12-19      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1065050 | PA      | $-1067318.90  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20260507                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $27657.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                                               | AMS OSRAM AG SR UNSECURED 144A 03/29 12.25                    | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |     5550000 | PA      | $5907786.30   | 0.32%             | 2029-03-30      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | NISSAN MOTOR CO LTD SNR JP SP BRC                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | JP        |           1 | NC      | $-58732.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLONY MORTGAGE CAPITAL SERIES LTD 2019-IKPR                               | COLONY MORTGAGE CAPITAL LTD CLNY 2019 IKPR D 144A             | CUSIP: 12564NAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      482000 | PA      | $462057.25    | 0.03%             | 2038-11-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2016-1                                       | MILL CITY MORTGAGE TRUST MCMLT 2016 1 XS 144A                 | CUSIP: 59980TAK2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   124834846 | PA      | $378218.37    | 0.02%             | 2057-04-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BBCCRE TRUST 2015-GTP                                                      | BBCCRE TRUST BBCCR 2015 GTP A 144A                            | CUSIP: 05490TAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3000000 | PA      | $2804979.00   | 0.15%             | 2033-08-10      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260421                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $992.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                | TURKIYE CENTR BANK BILL BILLS 04/26 0.00000                   | CUSIP: ACI38VBK6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    30000000 | PA      | $670064.47    | 0.04%             | 2026-04-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SFO COMMERCIAL MORTGAGE TRUST 2021-555                                     | SFO COMMERICAL MORTGAGE TRUST SFO 2021 555 F 144A             | CUSIP: 78432WAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     8000000 | PA      | $7879199.20   | 0.43%             | 2038-05-15      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| GOLDEN BEAR RE LTD SERIES 2026-1                                           | GOLDEN BEAR RE LTD UNSECURED 144A 03/32 VAR                   | CUSIP: 38090EAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      500000 | PA      | $500000.00    | 0.03%             | 2032-03-08      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-74966.30    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-540.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4653464 | PA      | $-4664933.28  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO GOLDMAN                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2021787 | PA      | $-2094376.49  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD ZAR BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |           1 | NC      | $32081.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -6278200 | PA      | $-6353974.39  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260414                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $4069.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WINDROSE RE LTD                                                            | WINDROSE RE LTD UNSECURED 144A 02/33 VAR                      | CUSIP: 972917AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      250000 | PA      | $249275.00    | 0.01%             | 2033-02-11      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -21880580 | PA      | $-22057368.81 | -1.21%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | IRS EUR 2.50000 09/16/26-5Y LCH                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |           1 | NC      | $-1114258.64  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3108000 | PA      | $-3142395.20  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-11102.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                     | VENTURE GLOBAL LNG INC SR SECURED 144A 02/29 9.5              | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     3282000 | PA      | $3550465.63   | 0.19%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4683910 | PA      | $-4684447.35  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                         | NEWFOLD DIGITAL HLDGS GR SECURED 144A 04/29 11.75             | CUSIP: 650929AD4<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |     9573930 | PA      | $3903774.46   | 0.21%             | 2029-04-30      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| GUARDIAN BIDCO INC                                                         | GUARDIAN 1ST LIEN DELAYED DRAW TL                             | CUSIP: BA000P6S4<br>LEI: 254900FNRUS0FT2AXJ89 | Long             | LON              | CORP              | US        |     5100000 | PA      | $5054031.05   | 0.28%             | 2032-08-29      | Fixed         | 9.17%                 | No            |                  3 | On Loan: No      |
| J&J VENTURES GAMING LLC                                                    | J + J VENTURES GAMING LLC 2024 TERM LOAN                      | CUSIP: 46604BAG3<br>LEI: 549300BYPH8FLKS5ZS70 | Long             | LON              | CORP              | US        |     2551150 | PA      | $2551150.00   | 0.14%             | 2028-04-26      | Floating      | 8.78%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260429                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-6829.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INTEGRITY RE LTD                                                           | INTEGRITY RE LTD SR UNSECURED 144A 06/26 VAR                  | CUSIP: 45833UAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      900000 | PA      | $926550.00    | 0.05%             | 2026-06-08      | Floating      | 20.74%                | No            |                  2 | On Loan: No      |
| MASTR ASSET BACKED SECUR TR 2006-AM1                                       | MASTR ASSET BACKED SECURITIES MABS 2006 AM1 M2                | CUSIP: 57643LQE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6442147 | PA      | $5310870.81   | 0.29%             | 2036-01-25      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -19621137 | PA      | $-19689729.37 | -1.08%            |  |  |  | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2021-1                          | FREDDIE MAC   SCRT SCRT 2021 1 BXS 144A                       | CUSIP: 35563PWX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4178060 | PA      | $3291573.13   | 0.18%             | 2060-09-25      | Fixed         | 12.44%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $1351.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RUSSIAN GOVT                                                               | RUSSIAN FEDERATION SR UNSECURED REGS 03/35 5.1                | CUSIP: X5424XCG1<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        |      200000 | PA      | $0.00         | 0.00%             | 2035-03-28      | Fixed         | 5.10%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -26316910 | PA      | $-26383162.82 | -1.44%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD GBP BOUGHT USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |           1 | NC      | $214371.88    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GATEWAY RE LTD                                                             | GATEWAY RE LTD UNSECURED 144A 07/29 VAR                       | CUSIP: 36779CAU0<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |      250000 | PA      | $250000.00    | 0.01%             | 2029-07-06      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                                            | REPUBLIC OF VENEZUELA SR UNSECURED REGS 10/26 11.75           | CUSIP: P17625AE7<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      100000 | PA      | $51750.00     | 0.00%             | 2026-10-21      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| IBEX TOPCO BV                                                              | STEINHOFF CVR                                                 | CUSIP: 948ECV905<br>LEI: 636700OGDKP5DOQ3LT67 | Long             | EC               | CORP              | NL        |   115240755 | NS      | $133.20       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IVANTI SOFTWARE INC                                                        | IVANTI SOFTWARE INC 2025 1ST LIEN TERM LOAN                   | CUSIP: 46583DAH2<br>LEI: 254900GHAXAYKWDX9F60 | Long             | LON              | CORP              | US        |    11272640 | PA      | $7650459.09   | 0.42%             | 2029-06-01      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2021-59                                                  | FANNIE MAE FNR 2021 59 KI                                     | CUSIP: 3136BGB75<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    19840233 | PA      | $4788700.12   | 0.26%             | 2051-09-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2413425 | PA      | $-2419628.17  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| OCADO GROUP PLC                                                            | OCADO GROUP PLC COMPANY GUAR REGS 08/29 10.5                  | CUSIP: ACI2QDHC0<br>LEI: 213800LO8F61YB8MBC74 | Long             | DBT              | CORP              | GB        |    11900000 | PA      | $15576474.78  | 0.85%             | 2029-08-08      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-81.80       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | HSBC REVERSE REPO GBP ZCP                                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -3749346 | PA      | $-4969908.85  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| CITRUS RE LTD                                                              | CITRUS RE LTD UNSECURED 144A 06/33 VAR                        | CUSIP: 177510AT1<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |      250000 | PA      | $250000.00    | 0.01%             | 2033-06-07      | Floating      | 9.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $-40.82       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT COP SOLD USD 20260406                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $15914.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT COP SOLD USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-3005.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DOLP TRUST 2021-NYC                                                        | DOLP TRUST DOLP 2021 NYC G 144A                               | CUSIP: 23345LAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6000000 | PA      | $4314138.00   | 0.24%             | 2041-05-10      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1907400 | PA      | $-1928264.84  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 04/26 0.00000                                   | CUSIP: 912797TJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1506000 | PA      | $1502968.75   | 0.08%             | 2026-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -5309900 | PA      | $-6162130.33  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD HKD BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HK        |           1 | NC      | $6894.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT GBP SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |           1 | NC      | $-181882.22   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                              | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 SA 144A         | CUSIP: 36261WAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      134336 | PA      | $128349.01    | 0.01%             | 2060-12-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALT LOAN TRUST 2006-36T2                                       | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 36T2 2A1            | CUSIP: 02146XAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4523407 | PA      | $1752922.86   | 0.10%             | 2036-12-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1227026 | PA      | $-1239022.20  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| PROFRAC HOLDINGS II LLC                                                    | PROFRAC HOLDINGS II LLC SR SECURED 144A 01/29 VAR             | CUSIP: 74319TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     5553000 | PA      | $5539117.50   | 0.30%             | 2029-01-23      | Floating      | 10.93%                | No            |                  2 | On Loan: No      |
| BXP TRUST 2017-GM 2017-CC                                                  | BXP TRUST BXP 2017 CC D 144A                                  | CUSIP: 05607CAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2963000 | PA      | $2478197.50   | 0.14%             | 2037-08-13      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -7656420 | PA      | $-7676156.33  | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| ARGENTINA GOVT                                                             | REPUBLIC OF ARGENTINA SR UNSECURED 07/41 VAR                  | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    10733000 | PA      | $7201843.00   | 0.39%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| TORREY PINES RE LTD                                                        | TORREY PINES RE LTD SR UNSECURED 144A 06/31 VAR               | CUSIP: 89141WAK8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      300000 | PA      | $302760.00    | 0.02%             | 2031-06-05      | Floating      | 12.92%                | No            |                  2 | On Loan: No      |
| GREENWOOD PARK CLO LTD 2018-1A                                             | GREENWOOD PARK CLO, LTD GRNPK 2018 1A SUB 144A                | CUSIP: 39729TAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    27000000 | PA      | $1717200.00   | 0.09%             | 2031-04-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BARCLAYS REV REPO EUR                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -1509648 | PA      | $-1758036.13  | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| SAXON ASSET SECURITIES TRUST-2006-2                                        | SAXON ASSET SECURITIES TRUST SAST 2006 2 M3                   | CUSIP: 80556XAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    11249211 | PA      | $9486764.49   | 0.52%             | 2036-09-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                | TURKIYE GOVERNMENT BOND BONDS 08/26 VAR                       | CUSIP: ACI2P59J2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |      400000 | PA      | $9002.60      | 0.00%             | 2026-08-19      | Floating      | 39.64%                | No            |                  2 | On Loan: No      |
| EAST LANE RE VII LTD                                                       | EAST LANE RE VII LTD SR UNSECURED 144A 03/32 VAR              | CUSIP: 27332EAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      450000 | PA      | $450765.00    | 0.02%             | 2032-03-31      | Floating      | 12.10%                | No            |                  2 | On Loan: No      |
| ASHFORD HOSPITALITY TRUST 2018-ASHF                                        | ASHFORD HOSPITALITY TRUST AHT1 2018 ASHF E 144A               | CUSIP: 04410RAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     8700000 | PA      | $8583909.81   | 0.47%             | 2035-04-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| ECUADOR GOVT                                                               | REPUBLIC OF ECUADOR SR UNSECURED REGS 07/30 0.0000            | CUSIP: ACI1Q6QQ6<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     5580000 | PA      | $4677435.00   | 0.26%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL                    | ION PLAT FIN US/SARL SR SECURED 144A 05/28 5                  | CUSIP: 46206AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1215619.73   | 0.07%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NIGERIA GOVT                                                               | YI4360503 NIGERIA OMO BILL                                    | CUSIP: 990ACHTR0<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        | 20805800000 | PA      | $13076765.85  | 0.72%             | 2027-01-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260406                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-34995.51    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | PEMEX SNR LA SP BRC                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $-409495.61   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CITRUS RE LTD                                                              | CITRUS RE LTD UNSECURED 144A 06/33 VAR                        | CUSIP: 177510AS3<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |      250000 | PA      | $250000.00    | 0.01%             | 2033-06-07      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -548782 | PA      | $-549231.03   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| COMETE HOLDING                                                             | COMEXPOSIUM 2019 EUR TERM LOAN B                              | CUSIP: 964NDFII9<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |    17436015 | PA      | $24587174.57  | 1.34%             | 2031-07-10      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| CDK GLOBAL (CENTRAL PARENT LLC / CDK GLOBAL II LLC / CDK FINANCING CO INC) | CNT PRNT/CDK GLO II/FIN SR SECURED 144A 06/29 8               | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     7470000 | PA      | $5559570.21   | 0.30%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT COP SOLD USD 20260408                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $132.59       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -4121488 | PA      | $-5469912.69  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2006-HE5                                                       | GSAMP TRUST GSAMP 2006 HE5 M1                                 | CUSIP: 362437AF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    17001082 | PA      | $14749392.49  | 0.81%             | 2036-08-25      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD BRL BOUGHT USD 20260602                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |           1 | NC      | $-5.31        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -19034924 | PA      | $-19159999.28 | -1.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT COP SOLD USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-2986.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                              | EGYPT GOVERNMENT BOND BONDS 10/30 19.698                      | CUSIP: ACI350557<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   418000000 | PA      | $7529595.82   | 0.41%             | 2030-10-14      | Fixed         | 19.70%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-13251.38    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO GOLDMAN                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -466879 | PA      | $-473208.98   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| IVANTI SECURITY HOLDINGS LLC                                               | IVANTI SOFTWARE INC 2025 NEWCO TERM LOAN                      | CUSIP: 46583VAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     1502775 | PA      | $1504653.13   | 0.08%             | 2029-06-01      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2018-1                          | FREDDIE MAC   SCRT SCRT 2018 1 BX                             | CUSIP: 35563PEX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    18113772 | PA      | $7798205.36   | 0.43%             | 2057-05-25      | Variable      | 3.43%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260713                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-1119.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | WORLDLINE SNR SE ICE                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | FR        |           1 | NC      | $-26472.72    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $-140219.36   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS (PEMEX)                                                | PETROLEOS MEXICANOS COMPANY GUAR 02/32 6.7                    | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     4206000 | PA      | $4119820.24   | 0.23%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260430                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-10338.06    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FIRST NLC TRUST 2005-3                                                     | FIRST NLC TRUST FNLC 2005 3 M2                                | CUSIP: 32113JBV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     8181138 | PA      | $7390798.66   | 0.40%             | 2035-12-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| AMERIQUEST MTGE SECURITIES INC 2005-R4                                     | AMERIQUEST MORTGAGE SECURITIES AMSI 2005 R4 M7                | CUSIP: 03072SC86<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     7500000 | PA      | $6558815.25   | 0.36%             | 2035-07-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-1055.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO LTD                                                        | NISSAN MOTOR CO SR UNSECURED 144A 07/30 7.5                   | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |      900000 | PA      | $907691.72    | 0.05%             | 2030-07-17      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BNP PARIBAS REPU REGIONS BANK                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -6105037 | PA      | $-6116670.65  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| 280 PARK AVENUE 2017-280P MORTGAGE TRUST                                   | 280 PARK AVENUE MORTGAGE TRUST PRK 2017 280P F 144A           | CUSIP: 90205FAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4750000 | PA      | $4619163.63   | 0.25%             | 2034-09-15      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260408                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-209026.46   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT CHF SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |           1 | NC      | $-369.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1650000 | PA      | $-1654502.21  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| SVF II FINCO (CAYMAN) LP                                                   | SOFTBANK VISION FUND II TRANCHE B1 TERM LOAN                  | CUSIP: BA000KP88<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |     5664120 | PA      | $5758710.82   | 0.31%             | 2029-04-25      | Floating      | 7.35%                 | No            |                  3 | On Loan: No      |
| FIRST FRANKLIN MTG LOAN 2005-FF11                                          | FIRST FRANKLIN MTG LOAN ASSET FFML 2005 FF11 M3               | CUSIP: 362341YH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     8077612 | PA      | $7668671.94   | 0.42%             | 2035-11-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT COP SOLD USD 20260408                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $45973.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1209280 | PA      | $-1212398.60  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260430                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-9633.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 04/26 0.00000                                   | CUSIP: 912797SM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      300000 | PA      | $299335.48    | 0.02%             | 2026-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2017-4                          | FREDDIE MAC   SCRT SCRT 2017 4 BIO 144A                       | CUSIP: 35563PDN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5011064 | PA      | $984514.69    | 0.05%             | 2057-06-25      | Variable      | 2.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WARBURG                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |   -20113823 | PA      | $-23285816.90 | -1.27%            |  |  |  | No            |                  2 | On Loan: No      |
| CSMC TRUST 2022-NQM2                                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2022 NQM2 AIOS 144A         | CUSIP: 12664VAK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   330437861 | PA      | $128589.89    | 0.01%             | 2067-02-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260713                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-501.10      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARMOR RE II LTD                                                            | ARMOR RE II LTD UNSECURED 144A 01/32 VAR                      | CUSIP: 04227FAF2<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |      250000 | PA      | $265075.00    | 0.01%             | 2032-01-07      | Floating      | 12.04%                | No            |                  2 | On Loan: No      |
| CORESTATE CAPITAL HOLDING SA                                               | CORESTATE CAPITAL HOLDING COMMON STOCK                        | CUSIP: ACI2J2G58<br>LEI: 529900GNB86RB7HRX793 | Long             | EC               | CORP              | LU        |      632951 | NS      | $0.73         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT              | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 WPT DFL 144A        | CUSIP: 46645WAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5012000 | PA      | $2631149.64   | 0.14%             | 2033-07-05      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP / JETBLUE LOYALTY LP                                  | JETBLUE AIRWAYS/LOYALTY SR SECURED 144A 09/31 9.875           | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3624000 | PA      | $3429820.06   | 0.19%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CDK GLOBAL (CENTRAL PARENT INC/CENTRAL MERGER SUB INC)                     | CNTRL PARENT/CDK GLB INC SR SECURED 144A 06/29 7.25           | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     7900000 | PA      | $5694145.41   | 0.31%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -6459750 | PA      | $-6502761.17  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                          | U S RENAL CARE INC 2023 SUPERPRIORITY TERM LOAN               | CUSIP: 90290PAS3<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |    40866637 | PA      | $38597721.55  | 2.11%             | 2028-06-28      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT CAD SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |           1 | NC      | $-1658.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FINASTRA USA INC                                                           | FINASTRA USA INC 2025 1ST LIEN TERM LOAN                      | CUSIP: 31772YAD8<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |    14100000 | PA      | $13274586.00  | 0.73%             | 2032-09-15      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT BRL SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |           1 | NC      | $5.30         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                             | TITULOS DE TESORERIA BONDS 11/40 12.75                        | CUSIP: ACI2WQVJ3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 37721000000 | PA      | $9997941.48   | 0.55%             | 2040-11-28      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| MONTAUK POINT CDO LTD                                                      | MONTAUK POINT CDO LTD MNPT 2006 1A A1 144A                    | CUSIP: 612180AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   213556427 | PA      | $21593544.55  | 1.18%             | 2042-10-06      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                             | GRAY TELEVISION INC 2024 TERM LOAN B                          | CUSIP: 389376BC7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |       56000 | PA      | $56084.00     | 0.00%             | 2029-05-23      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GROUP LLC / COGENT FINANCE INC                       | COGENT COMMS GRP / FIN COMPANY GUAR 144A 06/27 7              | CUSIP: 19240WAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1440000 | PA      | $1422897.12   | 0.08%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO JPM CHASE                                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1360725 | PA      | $-1362629.61  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| NSCALE SERVICES UK LIMITED                                                 | NSCALE DELAYED DRAW TERM LOAN                                 | CUSIP: BA000WQD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     4800000 | PA      | $4800000.00   | 0.26%             | 2032-08-11      | Floating      | 0.36%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260401                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $2312.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | CITIGROUP REVERSE REPO                                        | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3072760 | PA      | $-3074713.06  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 07/26 0.00000                                   | CUSIP: 912797UQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      166000 | PA      | $164159.96    | 0.01%             | 2026-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VANTIVE HEALTH LLC                                                         | SPRUCE BIDCO II INC CAD TERM LOAN                             | CUSIP: BA000FPR7<br>LEI: 254900D597QQOG22WQ55 | Long             | LON              | CORP              | US        |      475000 | PA      | $338642.02    | 0.02%             | 2032-01-30      | Floating      | 7.00%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | N/A       |    -1014300 | PA      | $-1176844.18  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SA RL                                                 | ION PLATFORM FINANCE SAR SR SECURED 144A 05/29 7.875          | CUSIP: ACI30ZWV8<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |     2100000 | PA      | $2265325.50   | 0.12%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-3523.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260818                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-26448.82    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COMM 2019-521F MORTGAGE TRUST                                              | COMM MORTGAGE TRUST COMM 2019 521F B 144A                     | CUSIP: 20048GAU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3065000 | PA      | $2893360.00   | 0.16%             | 2034-06-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -2019720 | PA      | $-2335017.22  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| VERAISON RE LTD                                                            | VERAISON RE LTD UNSECURED 144A 03/34 VAR                      | CUSIP: 92335TAG4<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |      250000 | PA      | $250162.50    | 0.01%             | 2034-03-08      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO NATEXIS BANQUE REVERSE REPO                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3208782 | PA      | $-3216919.83  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT COP SOLD USD 20260406                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $8152.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -46463274 | PA      | $-46779223.91 | -2.56%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-3899.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | PARIBAS REVERSE REPO EUR ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -1722930 | PA      | $-1996476.25  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FINANCE AUTHORITY                                       | TOBACCO SETTLEMENT FIN AUTH WV TOBGEN 06/47 ZEROCPNOID 0      | CUSIP: 88880LAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    25000000 | PA      | $2322855.00   | 0.13%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $1479210.29   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -12892880 | PA      | $-12932335.79 | -0.71%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | N/A       |    -1852862 | PA      | $-2148178.63  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $47109.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TORREY PINES RE LTD                                                        | TORREY PINES RE LTD UNSECURED 144A 06/32 VAR                  | CUSIP: 89141WAH5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      400000 | PA      | $413580.00    | 0.02%             | 2032-06-07      | Floating      | 9.59%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5080                                                    | FREDDIE MAC FHR 5080 IG                                       | CUSIP: 3137FXUX4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     4787798 | PA      | $1135366.43   | 0.06%             | 2048-11-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MSSG TRUST 2017-237P                                                       | MORGAN STANLEY MORTGAGE CAPITA MSSG 2017 237P A 144A          | CUSIP: 55375KAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3000000 | PA      | $2869102.50   | 0.16%             | 2039-09-13      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSET BACKED SECURITIES TRUST 2007-AQ2                        | BEAR STEARNS ASSET BACKED SECU BSABS 2007 AQ2 A4              | CUSIP: 073857AD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6306798 | PA      | $5878191.85   | 0.32%             | 2037-01-25      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| SECURITIZED ASSET BACKED RECEIVABLES LLC 2006-FR2                          | SECURITIZED ASSET BACKED RECEI SABR 2006 FR2 A3               | CUSIP: 81376VAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1309849 | PA      | $831692.06    | 0.05%             | 2036-03-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| OI SA (AKA: BRASIL TELECOM S/A)                                            | OI S.A. SR SECURED 144A 12/28 8.5                             | CUSIP: 67117EAG3<br>LEI: 254900YEMWCRRAGD4978 | Long             | DBT              | CORP              | BR        |    69006997 | PA      | $733199.34    | 0.04%             | 2028-12-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-2477.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260428                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $1474.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COHESITY INC                                                               | CLOVER 2024 HOLDINGS INC VERITAS G PREFERRED                  | CUSIP: 955EHZ901<br>LEI: 254900JU2GC36CXYYG09 | Long             | EP               | CORP              | US        |       16329 | NS      | $308835.47    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO ROYAL BANK OF CAN                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -790043 | PA      | $-791785.91   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOLDINGS LIMITED                                      | ASTON MARTIN CAPITAL HOL SR SECURED 144A 03/29 10             | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |     9600000 | PA      | $7232208.00   | 0.40%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| COMM 2019-521F MORTGAGE TRUST                                              | COMM MORTGAGE TRUST COMM 2019 521F C 144A                     | CUSIP: 20048GAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5000000 | PA      | $4622500.00   | 0.25%             | 2034-06-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| SFO COMMERCIAL MORTGAGE TRUST 2021-555                                     | SFO COMMERICAL MORTGAGE TRUST SFO 2021 555 E 144A             | CUSIP: 78432WAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    18000000 | PA      | $17808229.80  | 0.97%             | 2038-05-15      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-31161.44    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260409                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-14127.76    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VOYAGER AVIATION HOLDINGS LLC                                              | VOYAGER AVIATION HOLD SR SECURED 144A 05/26 8.5               | CUSIP: 92918XAA3<br>LEI: 549300KHOKL1CX4NIJ92 | Long             | DBT              | CORP              | US        |    21907358 | PA      | $0.22         | 0.00%             | 2026-05-09      | Fixed         | 8.50%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | PEMEX SNR LA SP CBK                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $-221810.12   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MRCD 2019-PARK MORTGAGE TRUST                                              | MRCD MORTGAGE TRUST MRCD 2019 PARK F 144A                     | CUSIP: 55348UAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    15715000 | PA      | $10371900.00  | 0.57%             | 2036-12-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| QUERCUS RE DESIGNATED ACTIVITY COMPANY                                     | QUERCUS RE DAC BONDS 144A 01/31 VAR                           | CUSIP: ACI2Q34M4<br>LEI: 635400YNKWICCYBDBC76 | Long             | DBT              | CORP              | IE        |      250000 | PA      | $298729.49    | 0.02%             | 2031-01-06      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| MONTAUK POINT CDO LTD 2006-2A                                              | MONTAUK POINT CDO LTD MNPT 2006 2A A1J 144A                   | CUSIP: 612181AC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     4400000 | PA      | $0.04         | 0.00%             | 2046-04-06      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | DISCOVERY GLOBAL HOLDINGS INC SNR S* ICE                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $1210.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | ARGENTINA LA SP CBK                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $10921.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20270610                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-913.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260610                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-406.69      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARGENT SECURITIES INC 2005-W5                                              | ARGENT SECURITIES INC. ARSI 2005 W5 M1                        | CUSIP: 040104QQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    21502271 | PA      | $23489102.05  | 1.28%             | 2036-01-25      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $21721.70     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS 2 LLC                                                      | CLOVER HOLDINGS 2 LLC REVOLVER                                | CUSIP: 18914DAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     1807539 | PA      | $1666288.86   | 0.09%             | 2029-12-10      | Floating      | 0.24%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -870100 | PA      | $-871629.93   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| PROJECT CASHMERE                                                           | PROJECT CASHMERE CLASS F 144A                                 | CUSIP: 990ABJSF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |     6800000 | PA      | $4691661.26   | 0.26%             | 2057-12-30      | Floating      | 8.64%                 | No            |                  3 | On Loan: No      |
| ACE SECURITIES CORP 2006-OP2                                               | ACE SECURITIES CORP. ACE 2006 OP2 M1                          | CUSIP: 00441YAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    25209236 | PA      | $21091816.27  | 1.15%             | 2036-08-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| MONTAUK POINT CDO LTD 2006-2A                                              | MONTAUK POINT CDO LTD MNPT 2006 2A A1S 144A                   | CUSIP: 612181AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   327058386 | PA      | $9996866.63   | 0.55%             | 2046-04-06      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -1011994 | PA      | $-1342970.89  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | PARIBAS REVERSE REPO EUR ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -2059460 | PA      | $-2383420.59  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |      -99968 | PA      | $-133553.35   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -6539040 | PA      | $-6539917.32  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| KENYA GOVT                                                                 | REPUBLIC OF KENYA SR UNSECURED 144A 02/39 8.7                 | CUSIP: 491798AS3<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     5000000 | PA      | $4537919.25   | 0.25%             | 2039-02-26      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| UNICORN BAY (HONG KONG) INVESTMENTS LIMITED                                | UNICORN BAY HKD FIXED TERM LOAN A                             | CUSIP: BA00077Z7<br>LEI: N/A                  | Long             | LON              | CORP              | HK        |    78785293 | PA      | $10173201.65  | 0.56%             | 2026-12-31      | Fixed         | 13.00%                | No            |                  3 | On Loan: No      |
| ALAMO RE LTD                                                               | ALAMO RE LTD UNSECURED 144A 06/26 VAR                         | CUSIP: 011395AQ3<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |      250000 | PA      | $254875.00    | 0.01%             | 2026-06-08      | Floating      | 15.39%                | No            |                  2 | On Loan: No      |
| SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2024-A                      | SANTANDER BANK AUTO CREDIT LIN SBCLN 2024 A G 144A            | CUSIP: 80290CCP7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1848911 | PA      | $1911531.09   | 0.10%             | 2032-06-15      | Fixed         | 13.03%                | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797TL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1022000 | PA      | $1018510.50   | 0.06%             | 2026-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2016-1                                       | MILL CITY MORTGAGE TRUST MCMLT 2016 1 B4 144A                 | CUSIP: 59980TAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    20617238 | PA      | $15745289.82  | 0.86%             | 2057-04-25      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| COLOMBIAN GOVT                                                             | TITULOS DE TESORERIA BONDS 01/35 11.75                        | CUSIP: ACI2Z7LJ3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 35592000000 | PA      | $8824537.27   | 0.48%             | 2035-01-24      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| ALTICE SA                                                                  | ALTICE HOLDINGS 1 12/99 0                                     | CUSIP: 000000000<br>LEI: 549300LA7PKCH18B3S39 | Long             | EC               | CORP              | LU        |       37628 | NS      | $521907.99    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -313808 | PA      | $-314188.11   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | EGYPT EM SP BRC                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $-387970.95   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CARVANA CO                                                                 | CARVANA CO SR SECURED 144A 06/30 9                            | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |           1 | PA      | $1.04         | 0.00%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| VIRIDIEN                                                                   | VIRIDIEN SR SECURED 144A 10/30 8.5                            | CUSIP: ACI2VMJW8<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |     4159368 | PA      | $5060243.48   | 0.28%             | 2030-10-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -12975835 | PA      | $-13011104.25 | -0.71%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-24656.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BBCCRE TRUST 2015-GTP                                                      | BBCCRE TRUST BBCCR 2015 GTP E 144A                            | CUSIP: 05490TAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    16650000 | PA      | $13362302.66  | 0.73%             | 2033-08-10      | Variable      | 4.56%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4623540 | PA      | $-4634813.34  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| MYERS PARK CLO LTD 2018-1A                                                 | FEE0009J9 MYERS 2018 1A SUB FEE                               | CUSIP: 937ZOKII3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    13000000 | PA      | $1995.37      | 0.00%             | 2030-10-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| OCADO GROUP PLC                                                            | OCADO GROUP PLC COMPANY GUAR REGS 06/30 11                    | CUSIP: ACI2WWMJ0<br>LEI: 213800LO8F61YB8MBC74 | Long             | DBT              | CORP              | GB        |     7300000 | PA      | $9649547.29   | 0.53%             | 2030-06-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -21909837 | PA      | $-21974373.97 | -1.20%            |  |  |  | No            |                  2 | On Loan: No      |
| NUMERICABLE US LLC                                                         | ALTICE FRANCE SA 2025 TERM LOAN B12                           | CUSIP: BA000QFP8<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |     5265966 | PA      | $5251168.88   | 0.29%             | 2028-10-30      | Floating      | 8.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -5582272 | PA      | $-5623434.43  | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| GUARDIAN BIDCO INC                                                         | GUARDIAN DELAYED DRAW TERM LOAN A                             | CUSIP: BA000P6T2<br>LEI: 254900FNRUS0FT2AXJ89 | Long             | LON              | CORP              | US        |      700000 | PA      | $700000.00    | 0.04%             | 2032-08-29      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| PATTERSON CO (PARADIGM PARENT LLC)                                         | PARADIGM PARENT LLC 1ST LIEN TERM LOAN                        | CUSIP: 69902BAB5<br>LEI: 254900EDT9YE5UFH3458 | Long             | LON              | CORP              | US        |     3582000 | PA      | $2973060.00   | 0.16%             | 2032-04-16      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| LOCKE TAVERN RE LTD                                                        | LOCKE TAVERN RE LTD UNSECURED 144A 04/33 VAR                  | CUSIP: 539694AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      300000 | PA      | $300000.00    | 0.02%             | 2033-04-11      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORPORATION                                                       | DISH DBS CORP SR SECURED 144A 12/28 5.75                      | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    13400000 | PA      | $12968487.04  | 0.71%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-79502.95    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ATRIUM HOTEL PORTFOLIO TRUST 2017-ATRM                                     | ATRIUM HOTEL PORTFOLIO TRUST AHPT 2017 ATRM E 144A            | CUSIP: 04965JAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1111000 | PA      | $1052033.68   | 0.06%             | 2036-12-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/17/25-10Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $175412.98    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO NOMURA                                           | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4166537 | PA      | $-4169898.93  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260430                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $10.55        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1063990 | PA      | $-1074268.52  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | ARGENTINA LA SP GST                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $1365.24      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5058                                                    | FREDDIE MAC FHR 5058 I                                        | CUSIP: 3137F8XG3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     4130745 | PA      | $335963.01    | 0.02%             | 2051-01-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| IPL SCHOELLER (TOUCAN FINCO LTD/TOUCAN FINCO CAN INC/TOUCAN FINCO US LLC)  | TOUCAN FINCO LTD/CAN/US SR SECURED 144A 05/30 9.5             | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |     3117000 | PA      | $2756438.53   | 0.15%             | 2030-05-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260803                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-886.18      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WELLS FARGO 00/00 VAR                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1710000 | PA      | $-1711023.62  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| FLORA FOOD MANAGEMENT BV                                                   | FLORA FOOD MANAGEMENT BV SR SECURED 144A 10/30 7.5            | CUSIP: ACI386PJ9<br>LEI: 2549002VGA888UKFKS25 | Long             | DBT              | CORP              | NL        |     1400000 | PA      | $1603815.24   | 0.09%             | 2030-10-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 06/20/24-5Y CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $-53234.95    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260721                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-12820.40    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CSMC TRUST 2022-NQM2                                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2022 NQM2 B2 144A           | CUSIP: 12664VAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    12125800 | PA      | $8682740.93   | 0.47%             | 2067-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BLUE RIDGE RE LTD                                                          | BLUE RIDGE RE LTD UNSECURED 144A 01/29 VAR                    | CUSIP: 096003AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      250000 | PA      | $251525.00    | 0.01%             | 2029-01-08      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| NUMERICABLE US LLC                                                         | ALTICE FRANCE SA 2025 TERM LOAN B13                           | CUSIP: BA000QF03<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |     4879051 | PA      | $4857705.21   | 0.27%             | 2029-05-14      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-8656.96     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | FINANCIAL KETTERING REPU USD ANZBANK FIN KETTERING REPU USD   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -9439721 | PA      | $-9464631.25  | -0.52%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAPITAL LLC            | UNITI GROUP/CSL CAPITAL COMPANY GUAR 144A 02/29 6.5           | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    24704000 | PA      | $24014845.85  | 1.31%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VASA TRUST 2021-VASA                                                       | VASA TRUST VASA 2021 VASA E 144A                              | CUSIP: 92230AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    10000000 | PA      | $9074278.00   | 0.50%             | 2039-07-15      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $-4271.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2020-96                                                  | FANNIE MAE FNR 2020 96 IB                                     | CUSIP: 3136BDWU8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     5561916 | PA      | $932374.05    | 0.05%             | 2051-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ADJUSTABLE RATE MORTAGE TRUST 2005-11                                      | ADJUSTABLE RATE MORTGAGE TRUST ARMT 2005 11 2A42              | CUSIP: 007036VE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      964662 | PA      | $606091.52    | 0.03%             | 2036-02-25      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R03                               | FANNIE MAE   CAS CAS 2021 R03 1B2 144A                        | CUSIP: 20754AAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     8900000 | PA      | $9117099.48   | 0.50%             | 2041-12-25      | Floating      | 9.16%                 | No            |                  2 | On Loan: No      |
| TURKISH AIRLINES 2015-1 CLASS A PASS THROUGH TRUST                         | TURKISH AIRLN 15 1 A PTT PASS THRU CE 144A 09/28 4.2          | CUSIP: 10010YAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | TR        |       71423 | PA      | $70549.98     | 0.00%             | 2028-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5087                                                    | FREDDIE MAC FHR 5087 IL                                       | CUSIP: 3137FFMC8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     9826851 | PA      | $1566641.79   | 0.09%             | 2051-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1434730 | PA      | $-1448259.50  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| CASSINI SAS                                                                | COMEXPOSIUM 2019 EUR 1ST LIEN TLB                             | CUSIP: 945AYZII4<br>LEI: 9695009FFM30CUZ8FO85 | Long             | LON              | CORP              | FR        |    21514594 | PA      | $30338530.93  | 1.66%             | 2031-03-28      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| STEPSTONE GROUP MIDCO 2 GMBH                                               | STEPSTONE GROUP M 2 GMBH THE EUR TERM LOAN B                  | CUSIP: BA000BNR8<br>LEI: 894500DB5T5ENCFFQU61 | Long             | LON              | CORP              | US        |    18600000 | PA      | $18885310.76  | 1.03%             | 2032-04-26      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                                   | IHEARTCOMMUNICATIONS INC 2024 TERM LOAN                       | CUSIP: 45174UAJ7<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |     6412252 | PA      | $5639768.00   | 0.31%             | 2029-05-01      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2507553 | PA      | $-2525456.93  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE                                                              | ALTICE FRANCE SA SR SECURED 144A 11/29 9.5                    | CUSIP: 02090DAA6<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     3328671 | PA      | $3365988.73   | 0.18%             | 2029-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260429                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-1401.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4731                                                    | FREDDIE MAC FHR 4731 QS                                       | CUSIP: 3137FBQG4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      171253 | PA      | $25152.22     | 0.00%             | 2047-11-15      | Floating      | 2.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | PARIBAS REVERSE REPO EUR ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -6274416 | PA      | $-7269575.75  | -0.40%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA SA (PDVSA)                                          | PETROLEOS DE VENEZUELA S COMPANY GUAR REGS 05/35 9.75         | CUSIP: P7807HAQ8<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     4200000 | PA      | $1754760.00   | 0.10%             | 2035-05-17      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| NEW CENTURY HOME EQUITY LOAN TR 2005-2                                     | NEW CENTURY HOME EQUITY LOAN T NCHET 2005 2 M6                | CUSIP: 64352VKY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    17591416 | PA      | $18464594.52  | 1.01%             | 2035-06-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| SANDERS RE III LTD                                                         | SANDERS RE III LTD UNSECURED 144A 04/29 VAR                   | CUSIP: 80000XAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     4164000 | PA      | $2706600.00   | 0.15%             | 2029-04-09      | Floating      | 15.86%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | PARIBAS REVERSE REPO GBP ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |   -11527361 | PA      | $-15355731.85 | -0.84%            |  |  |  | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                               | MPH ACQUISITION HOLDINGS SR SECURED 144A 12/30 5.75           | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |    17000000 | PA      | $13023794.01  | 0.71%             | 2030-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -6998934 | PA      | $-7003787.53  | -0.38%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-ASHF                                   | MORGAN STANLEY CAPITAL I TRUST MSC 2017 ASHF E 144A           | CUSIP: 61691KAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3357000 | PA      | $3320955.56   | 0.18%             | 2034-11-15      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| POLESTAR RE LTD                                                            | POLESTAR RE LTD UNSECURED 144A 01/28 VAR                      | CUSIP: 73110JAC6<br>LEI: 254900VQQ6V3O4PG3408 | Long             | DBT              | CORP              | BM        |      600000 | PA      | $628920.00    | 0.03%             | 2028-01-07      | Floating      | 14.13%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -8624512 | PA      | $-8625645.17  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | IRS EUR 0.83000 12/09/42-10Y LCH                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |           1 | NC      | $3692188.49   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO STANDARD CHARTERE VAR 1                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -8498821 | PA      | $-8553021.07  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2976512 | PA      | $-2977203.21  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $-27829.82    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT COP SOLD USD 20260505                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-1012.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERT 2006-26                                      | COUNTRYWIDE ASSET BACKED CERTI CWL 2006 26 M1                 | CUSIP: 12668HAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5674392 | PA      | $5512990.81   | 0.30%             | 2037-06-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| ASTON BIDCO (HOLDING) LIMITED                                              | ASTON XLN TOPCO LIMITED 2025 GBP TERM LOAN                    | CUSIP: BA000N1C9<br>LEI: 254900476AM2MRUEVQ86 | Long             | LON              | CORP              | JE        |     3230000 | PA      | $4143286.45   | 0.23%             | 2032-07-30      | Floating      | 9.85%                 | No            |                  3 | On Loan: No      |
| TIMES SQUARE HOTEL TRUST                                                   | TIMES SQUARE HOTEL TRUST PASS THRU CE 144A 08/26 8.528        | CUSIP: 887367AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       59228 | PA      | $59290.12     | 0.00%             | 2026-08-01      | Fixed         | 8.53%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE                                                              | ALTICE FRANCE SA 2025 EUR EXT TERM LOAN B14                   | CUSIP: BA000QF86<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |       75199 | PA      | $87281.35     | 0.00%             | 2031-05-30      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SENIOR ISSUER PLC                                       | THAMES WATER SUPER SENIOR ISSU 10/27 9.75                     | CUSIP: ACI3915T9<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |      103847 | PA      | $151342.14    | 0.01%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4324714 | PA      | $-4340052.56  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-12751.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INEOS US FINANCE LLC                                                       | INEOS US FINANCE LLC 2023 USD TERM LOAN B                     | CUSIP: G4768PAN1<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    10456793 | PA      | $9169300.57   | 0.50%             | 2030-02-18      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260406                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-26085.83    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SA RL                                                 | ION PLATFORM FINANCE SAR SR SECURED REGS 09/30 6.5            | CUSIP: ACI30SMJ2<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |     2700000 | PA      | $2606752.10   | 0.14%             | 2030-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE INTEREST STRIP 418                                              | FANNIEMAE STRIP FNS 418 C17                                   | CUSIP: 31395Q3H1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     1935568 | PA      | $384051.90    | 0.02%             | 2043-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260416                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-8645.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ENVALIOR FINANCE GMBH                                                      | ENVALIOR FINANCE GMBH USD TERM LOAN B1                        | CUSIP: D255LZAC9<br>LEI: 254900GAG6U7Z5TROP43 | Long             | LON              | CORP              | DE        |    16021825 | PA      | $14099285.70  | 0.77%             | 2030-04-01      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | N/A       |     -587482 | PA      | $-680443.93   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $6234232.25   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOAN MORTGAGE PASS THROUGH TRUST 2005-J2                  | COUNTRYWIDE HOME LOANS CWHL 2005 J2 2A4                       | CUSIP: 12669GU58<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2134571 | PA      | $1631227.55   | 0.09%             | 2035-08-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| SVB FINANCIAL TRUST                                                        | SVB FINL TR COMMON STOCK UNIT                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        9596 | NS      | $4534110.00   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SA RL                                                 | ION PLATFORM FINANCE SAR SR SECURED REGS 09/32 6.875          | CUSIP: ACI30SM29<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |     4700000 | PA      | $4343398.25   | 0.24%             | 2032-09-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |           1 | NC      | $1212242.43   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| OI SA (AKA: BRASIL TELECOM S/A)                                            | OI S.A. SR SECURED 144A 06/27 10                              | CUSIP: 67117EAE8<br>LEI: 254900YEMWCRRAGD4978 | Long             | DBT              | CORP              | BR        |    33261969 | PA      | $16132054.97  | 0.88%             | 2027-06-30      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| CERBA HEALTHCARE (CHROME BIDCO)                                            | CERBA HEALTHCARE SAS 2021 EUR TERM LOAN B                     | CUSIP: 937NEWII5<br>LEI: 9845000C1FYE89DC8677 | Long             | LON              | CORP              | FR        |    10900000 | PA      | $9316347.54   | 0.51%             | 2028-06-30      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE SA RL                                                 | ION PLATFORM FINANCE SAR SECURED REGS 05/29 7.875             | CUSIP: ACI30YBC6<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |    11890000 | PA      | $12826057.21  | 0.70%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WARBURG                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -5593882 | PA      | $-7409225.89  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260428                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $999.93       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260414                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-8988.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -255128 | PA      | $-255992.21   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $-22690.88    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.50000 12/21/22-30Y CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $8885389.01   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| FAIRFAX INDIA HOLDINGS CORPORATION                                         | FAIRFAX INDIA HOLDINGS SR UNSECURED 144A 02/28 5              | CUSIP: 303897AA0<br>LEI: 549300K2JHXU7AX7CV78 | Long             | DBT              | CORP              | CA        |    18350000 | PA      | $17517565.46  | 0.96%             | 2028-02-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                         | NEWFOLD DIGITAL HLDGS GRP INC. 2025 TRANCHE B TERM LOAN       | CUSIP: 65131PAD1<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |      861729 | PA      | $284370.59    | 0.02%             | 2029-04-30      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $-46252.85    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DATABRICKS INC                                                             | DATABRICKS INC 2025 DELAYED DRAW TERM LOAN                    | CUSIP: 23803RAF8<br>LEI: 984500FEDAC7FBD96273 | Long             | LON              | CORP              | US        |      851747 | PA      | $847487.99    | 0.05%             | 2032-01-05      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL GMBH                                              | CHEPLAPHARM ARZNEIMITTEL SR SECURED REGS 05/30 7.5            | CUSIP: ACI2FPJG4<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |     1100000 | PA      | $1284510.40   | 0.07%             | 2030-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD CHF BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |           1 | NC      | $371.10       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BARCLAYS REV REPO EUR                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -726144 | PA      | $-841133.35   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| HOUGHTON MIFFLIN HARCOURT COMPANY                                          | HOUGHTON MIFFLIN HARCOURT COMP TERM LOAN B                    | CUSIP: 44157YAE4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      199483 | PA      | $169697.37    | 0.01%             | 2029-04-09      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| ALAMO RE LTD                                                               | ALAMO RE LTD UNSECURED 144A 06/27 VAR                         | CUSIP: 011395AP5<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |      550000 | PA      | $570075.00    | 0.03%             | 2027-06-07      | Floating      | 11.94%                | No            |                  2 | On Loan: No      |
| SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2024-A                      | SANTANDER BANK AUTO CREDIT LIN SBCLN 2024 A F 144A            | CUSIP: 80290CCN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2095772 | PA      | $2153390.94   | 0.12%             | 2032-06-15      | Fixed         | 10.17%                | No            |                  2 | On Loan: No      |
| CSMC 2020-FACT TRUST                                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2020 FACT B 144A            | CUSIP: 126395AG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2000000 | PA      | $1941625.00   | 0.11%             | 2037-10-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| URSA RE LTD                                                                | URSA RE LTD UNSECURED 144A 02/28 VAR                          | CUSIP: 90323WAR1<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |      900000 | PA      | $920250.00    | 0.05%             | 2028-02-22      | Floating      | 11.04%                | No            |                  2 | On Loan: No      |
| DROP MORTGAGE TRUST 2021-FILE                                              | DROP MORTGAGE TRUST 2021 FILE DROP 2021 FILE D 144A           | CUSIP: 26210YAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5500000 | PA      | $5379687.50   | 0.29%             | 2043-10-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| PROJECT CASHMERE                                                           | PROJECT CASHMERE CLASS G 144A                                 | CUSIP: 990ABJSK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |     9300000 | PA      | $6416536.73   | 0.35%             | 2057-12-30      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2024-A                      | SANTANDER BANK AUTO CREDIT LIN SBCLN 2024 A E 144A            | CUSIP: 80290CCM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      903837 | PA      | $918495.63    | 0.05%             | 2032-06-15      | Fixed         | 7.76%                 | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING 2010-R8 TRUST                                      | BANC OF AMERICA FUNDING CORPOR BAFC 2010 R8 1A4 144A          | CUSIP: 05956GAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      263562 | PA      | $147181.28    | 0.01%             | 2036-05-26      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2007-OA6                                                 | WAMU MORTGAGE PASS THROUGH CER WAMU 2007 OA6 1A               | CUSIP: 92927BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1688983 | PA      | $1441999.28   | 0.08%             | 2047-07-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -3177252 | PA      | $-4253143.79  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE INTEREST STRIP 421                                              | FANNIEMAE STRIP FNS 421 C2                                    | CUSIP: 31397VFZ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     1648671 | PA      | $59220.70     | 0.00%             | 2030-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TURKEY GOVT                                                                | TURKIYE GOVERNMENT BOND BONDS 05/28 VAR                       | CUSIP: ACI2PJ5W7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    79200000 | PA      | $1775991.90   | 0.10%             | 2028-05-17      | Floating      | 39.64%                | No            |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING 2014-R7 TRUST 2014-R7                              | BANC OF AMERICA FUNDING CORPOR BAFC 2014 R7 2A2 144A          | CUSIP: 05963SAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3728670 | PA      | $2720623.13   | 0.15%             | 2036-09-26      | Variable      | 8.36%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2007-QA4                                        | RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QA4 A1B              | CUSIP: 74923YAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      618277 | PA      | $566617.68    | 0.03%             | 2037-06-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| BBCMS TRUST 2018-CBM                                                       | BARCLAYS COMMERCIAL MORTGAGE S BBCMS 2018 CBM E 144A          | CUSIP: 05549RAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2100000 | PA      | $1550775.24   | 0.08%             | 2037-07-15      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| MNSN HOLDINGS INC                                                          | MNSN HOLDINGS INC COMMON STOCK                                | CUSIP: 55339C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        8417 | NS      | $521854.00    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -15875481 | PA      | $-15924266.88 | -0.87%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20260507                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $22559.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BSST 2021-1818 MORTGAGE TRUST                                              | BSST MORTGAGE TRUST BSST 2021 1818 E 144A                     | CUSIP: 07403PAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5750000 | PA      | $931176.85    | 0.05%             | 2036-03-15      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2326074 | PA      | $-2341101.43  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                      | DIRECTV FINANCING LLC SR SECURED 144A 02/30 8.875             | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      300000 | PA      | $299707.59    | 0.02%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -13954509 | PA      | $-14011928.59 | -0.77%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260422                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-10779.34    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A HR 144A                          | CUSIP: ACI2NNDX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |     7804000 | PA      | $9182114.62   | 0.50%             | 2059-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SFA COLLATERALIZED ABS 3A                                                  | SFA COLLATERALIZED ABS LTD SFA 3A B 144A                      | CUSIP: 86358WAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    41770162 | PA      | $5006362.79   | 0.27%             | 2037-07-02      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL                    | ION PLAT FIN US/SARL SR SECURED 144A 08/29 9                  | CUSIP: 46206AAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     5100000 | PA      | $4733654.76   | 0.26%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO STANDARD CHARTERE VAR 1                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1696389 | PA      | $-1707267.32  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -799977 | PA      | $-809680.73   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -7520989 | PA      | $-7538732.13  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | WORLDLINE SNR SE ICE                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | FR        |           1 | NC      | $-77341.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VASA TRUST 2021-VASA                                                       | VASA TRUST VASA 2021 VASA F 144A                              | CUSIP: 92230AAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     7000000 | PA      | $6044990.70   | 0.33%             | 2039-07-15      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| CORESTATE CAPITAL HOLDING SA                                               | CORESTATE CAPITAL HOLD SR UNSECURED REGS 12/28 8              | CUSIP: ACI0Z2W07<br>LEI: 529900GNB86RB7HRX793 | Long             | DBT              | CORP              | LU        |     1858983 | PA      | $1117327.05   | 0.06%             | 2028-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-26680.48    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BRUCETON MILLS ASSOCIATES LLC                                              | PURIS TERM LOAN                                               | CUSIP: BA0005TS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     4160803 | PA      | $4020728.13   | 0.22%             | 2030-07-01      | Floating      | 9.45%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -3278336 | PA      | $-4350278.89  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5115                                                    | FREDDIE MAC FHR 5115 IM                                       | CUSIP: 3137H0ZX9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     6254806 | PA      | $1148201.60   | 0.06%             | 2051-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COMM 2019-521F MORTGAGE TRUST                                              | COMM MORTGAGE TRUST COMM 2019 521F D 144A                     | CUSIP: 20048GAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $452500.00    | 0.02%             | 2034-06-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO NATEXIS BANQUE REVERSE REPO                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1046402 | PA      | $-1050011.60  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| PROMOTORA DE INFORMACIONES SA (PRISA)                                      | PROMOTORA DE INFORMACIONES SA 2025 EUR 1ST LIEN TERM LOAN     | CUSIP: BA000KZZ7<br>LEI: 959800U3NGPXSCQHQW54 | Long             | LON              | CORP              | ES        |    39500160 | PA      | $44629002.85  | 2.44%             | 2029-12-31      | Floating      | 7.50%                 | No            |                  3 | On Loan: No      |
| AVENIR ISSUER IV (IRELAND) DESIGNATED ACTIVITY COMPANY                     | AVENIR ISSUER IV IRLND SR SECURED REGS 10/27 6                | CUSIP: ACI2S8C83<br>LEI: 894500E9CKDEAOMG0B46 | Long             | DBT              | NUSS              | IE        |     3768019 | PA      | $3650856.90   | 0.20%             | 2027-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS 2024-1 ISSUER TRUST                                     | STREAM INNOVATIONS ISSUER TRUS STRE 2024 1A A 144A            | CUSIP: 86324CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      303527 | PA      | $312748.01    | 0.02%             | 2044-07-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| INCORA TOP HOLDCO LLC                                                      | INCORA NEW EQUITY                                             | CUSIP: 955PRF008<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      947048 | NS      | $35868477.01  | 1.96%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TORREY PINES RE LTD                                                        | TORREY PINES RE LTD UNSECURED 144A 06/32 VAR                  | CUSIP: 89141WAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      300000 | PA      | $310980.00    | 0.02%             | 2032-06-07      | Floating      | 10.66%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT COP SOLD USD 20260408                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $14972.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-11763.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260403                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $6714.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT BRL SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |           1 | NC      | $12.48        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2020-RPL4                      | CREDIT SUISSE MORTGAGE TRUST CSMC 2020 RPL4 B1 144A           | CUSIP: 126405AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     8144350 | PA      | $6300264.74   | 0.34%             | 2060-01-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7                                | CITIGROUP COMMERCIAL MORTGAGE CGCMT 2019 C7 805B 144A         | CUSIP: 17328CBM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4750000 | PA      | $1413776.70   | 0.08%             | 2072-12-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| ENCORE CREDIT RECEIVABLES TRUST 2005-3                                     | ENCORE CREDIT RECEIVABLES TRUS ECR 2005 3 M7                  | CUSIP: 29256PAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6325722 | PA      | $5978433.78   | 0.33%             | 2035-10-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2021-3                          | FREDDIE MAC   SCRT SCRT 2021 3 M 144A                         | CUSIP: 35563P6P9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3263000 | PA      | $3048958.95   | 0.17%             | 2061-03-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| BEIGNET INVESTOR LLC                                                       | BEIGNET INVESTOR LLC SR SECURED 144A 05/49 6.581              | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     5190000 | PA      | $5340149.04   | 0.29%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BNP PARIBAS REPU REGIONS BANK                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -10418986 | PA      | $-10462850.04 | -0.57%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3164676 | PA      | $-3177368.51  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260421                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $2676.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2020-MKST           | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2020 MKST C 144A         | CUSIP: 46652DAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1700000 | PA      | $53532.15     | 0.00%             | 2036-12-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| ARM MUSTANG EXPRESS HOLDCO LLC                                             | MUSTANG EXPRESS SERIES A PFD                                  | CUSIP: 990ABAYE9<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       16801 | NS      | $17938651.92  | 0.98%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/18/24-10Y CME                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $-84973.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SYNIVERSE HOLDINGS LLC TL TRS BKL BPS                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $706186.28    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                               | MPH ACQUISITION HOLDINGS SR SECURED 144A 12/30 11.5           | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     8982844 | PA      | $8128869.63   | 0.44%             | 2030-12-31      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| ROMANIA GOVT                                                               | ROMANIA SR UNSECURED 144A 07/32 5.875                         | CUSIP: ACI2W0QH0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     6700000 | PA      | $7855790.35   | 0.43%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                              | EGYPT TREASURY BILL BILLS 11/26 0.00000                       | CUSIP: ACI355705<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    19600000 | PA      | $309851.09    | 0.02%             | 2026-11-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ECUADOR GOVT                                                               | REPUBLIC OF ECUADOR SR UNSECURED 144A 01/34 8.75              | CUSIP: ACI389084<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    14900000 | PA      | $14661600.00  | 0.80%             | 2034-01-29      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ZIGGO (VZ SECURED FINANCING BV)                                            | VZ SECURED FINANCING BV SR SECURED 144A 01/33 7.5             | CUSIP: 91845AAB1<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |     3200000 | PA      | $3019196.48   | 0.17%             | 2033-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| APLD COMPUTECO 2 LLC                                                       | APLD COMPUTECO 2 LLC SR SECURED 144A 03/31 6.75               | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1100000 | PA      | $1092673.01   | 0.06%             | 2031-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | NISSAN MOTOR CO LTD SNR JP SP JPM                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | JP        |           1 | NC      | $-62461.75    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RUSSIAN GOVT                                                               | RUSSIAN FEDERATION SR UNSECURED REGS 04/42 5.625              | CUSIP: X74344DS2<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        |     3200000 | PA      | $2240000.00   | 0.12%             | 2042-04-04      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD KWD BOUGHT USD 20300509                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $59323.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260707                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-773.53      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CSMC TRUST 2022-NQM2                                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2022 NQM2 B3 144A           | CUSIP: 12664VAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     9126229 | PA      | $1173189.50   | 0.06%             | 2067-02-25      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| EVERGLADES RE II LTD                                                       | EVERGLADES RE II LTD SR UNSECURED 144A 05/31 VAR              | CUSIP: 30014LAN4<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |      500000 | PA      | $507750.00    | 0.03%             | 2031-05-13      | Floating      | 15.03%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT COP SOLD USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-3499.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BARCLAYS REV REPO EUR                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -645390 | PA      | $-751671.07   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| IPL SCHOELLER (TOUCAN FINCO LTD/TOUCAN FINCO CAN INC/TOUCAN FINCO US LLC)  | TOUCAN FINCO LTD/CAN/US SR SECURED REGS 05/30 8.25            | CUSIP: ACI2WX3R1<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    12200000 | PA      | $12222857.19  | 0.67%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT BRL SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |           1 | NC      | $12386.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRINITY SQUARE 2021-1 PLC A                                                | TRINITY SQUARE TRINI 2021 1A Y 144A                           | CUSIP: ACI1WK2X9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |       10000 | PA      | $2154179.44   | 0.12%             | 2059-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD GBP BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |           1 | NC      | $2710.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-RPL1                              | GS MORTGAGE BACKED SECURITIES GSMBS 2021 RPL1 AIOS 144A       | CUSIP: 36261WAQ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   127831154 | PA      | $1024847.93   | 0.06%             | 2060-12-25      | Variable      | 0.17%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2025-1A                                                    | REACH FINANCIAL LLC REACH 2025 1A D 144A                      | CUSIP: 75525PAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $521072.70    | 0.03%             | 2032-08-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | WORLDLINE SNR SE ICE                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | FR        |           1 | NC      | $-6059840.96  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $1765.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SONANGOL FINANCE LTD                                                       | SONANGOL FINANCE LTD COMPANY GUAR 144A 01/31 10               | CUSIP: ACI387RK2<br>LEI: N/A                  | Long             | DBT              | CORP              | AO        |     5700000 | PA      | $5684324.37   | 0.31%             | 2031-01-29      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PERATON CORP                                                               | PERATON CORP TERM LOAN B                                      | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    42781741 | PA      | $36614111.21  | 2.00%             | 2028-02-01      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| ATLAS RE LIMITED                                                           | ATLAS RE LIMITED ATLAS RE LTD SIDECAR                         | CUSIP: 956BLH000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |         140 | NS      | $14059390.97  | 0.77%             |  |  |  | No            |                  3 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-1440             | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 1440 F 144A         | CUSIP: 46653DAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      700000 | PA      | $180721.80    | 0.01%             | 2036-03-15      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | IRS EUR 1.75000 03/15/23-10Y LCH                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | N/A       |           1 | NC      | $493609.90    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MARLETTE FUNDING TRUST 2020-2A                                             | MARLETTE FUNDING TRUST MFT 2020 2A CERT 144A                  | CUSIP: 57108R101<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       37840 | PA      | $17880.57     | 0.00%             | 2030-09-16      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7                                | CITIGROUP COMMERCIAL MORTGAGE CGCMT 2019 C7 805A 144A         | CUSIP: 17328CBK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1500000 | PA      | $934969.95    | 0.05%             | 2072-12-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| CAPE LOOKOUT RE LTD                                                        | CAPE LOOKOUT RE LTD UNSECURED 144A 04/27 VAR                  | CUSIP: 13947LAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     1800000 | PA      | $1828170.00   | 0.10%             | 2027-04-05      | Floating      | 12.23%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BNP PARIBAS REPU REGIONS BANK                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -86927987 | PA      | $-87677499.43 | -4.80%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE                                                              | ALTICE FRANCE SA 2025 EUR TERM LOAN B12                       | CUSIP: BA000QF37<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |     2273160 | PA      | $2615714.50   | 0.14%             | 2028-10-30      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF AMERICA REVERSE REPO                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2444984 | PA      | $-2455704.54  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPOS                                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |    -3502721 | PA      | $-4647951.86  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260506                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-50.63       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DISH NETWORK CORPORATION                                                   | DISH NETWORK CORP SR UNSECURED 08/26 3.375                    | CUSIP: 25470MAB5<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |     3700000 | PA      | $3594550.00   | 0.20%             | 2026-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                          | US RENAL CARE INC SR SECURED 144A 06/28 10.625                | CUSIP: 90355YAA5<br>LEI: 54930058SS5MF69JGN89 | Long             | DBT              | CORP              | US        |     7140700 | PA      | $5962484.50   | 0.33%             | 2028-06-28      | Fixed         | 10.62%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BNP PARIBAS REPU REGIONS BANK                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -15618728 | PA      | $-15648672.17 | -0.86%            |  |  |  | No            |                  2 | On Loan: No      |
| BSST 2021-1818 MORTGAGE TRUST                                              | BSST MORTGAGE TRUST BSST 2021 1818 A 144A                     | CUSIP: 07403PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4000000 | PA      | $3565293.20   | 0.19%             | 2036-03-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| STEENBOK LUX FINCO 2 SARL                                                  | STEENBOK LUX FINCO 2 SARL 2023 EUR PIK TL B2 RESTRUCTURE      | CUSIP: 948FWLII3<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |     8303850 | PA      | $2591461.92   | 0.14%             | 2028-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OCS GROUP HOLDINGS LIMITED                                                 | OCS GROUP HOLDINGS LTD 2026 GBP TERM LOAN B5                  | CUSIP: BA000XG23<br>LEI: 54930002RKY3Y4LURL90 | Long             | LON              | CORP              | GB        |     2400000 | PA      | $3165522.86   | 0.17%             | 2031-11-28      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO NATEXIS BANQUE REVERSE REPO                      | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3082699 | PA      | $-3093411.37  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE MORTGAGE AND ASSET RECEIVING CORP 2014-RS1                        | DEUTSCHE MORTGAGE AND ASSET RE DMARC 2014 RS1 4A2 144A        | CUSIP: 25160HAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5847442 | PA      | $5926745.72   | 0.32%             | 2036-11-27      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| UBISOFT ENTERTAINMENT                                                      | UBISOFT ENTERTAINMENT SA SR UNSECURED REGS 11/28 2.375        | CUSIP: ACI2B1W92<br>LEI: 969500I7C8V1LBIMSM05 | Long             | DBT              | CORP              | FR        |     3000000 | PA      | $3311512.68   | 0.18%             | 2028-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| PROJECT CASHMERE                                                           | PROJECT CASHMERE CLASS E 144A                                 | CUSIP: 990ABJRU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |     6100000 | PA      | $4208696.13   | 0.23%             | 2057-12-30      | Floating      | 7.56%                 | No            |                  3 | On Loan: No      |
| MCAFEE CORP                                                                | MCAFEE LLC 2024 USD 1ST LIEN TERM LOAN B                      | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |     1094458 | PA      | $980908.38    | 0.05%             | 2029-03-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| DOLP TRUST 2021-NYC                                                        | DOLP TRUST DOLP 2021 NYC F 144A                               | CUSIP: 23345LAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    26400000 | PA      | $20400858.72  | 1.12%             | 2041-05-10      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | FINANCIAL KETTERING REPU USD ANZBANK FIN KETTERING REPU USD   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -4383612 | PA      | $-4438056.89  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260602                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-379.42      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CDK GLOBAL (CENTRAL PARENT LLC)                                            | CENTRAL PARENT INC 2024 TERM LOAN B                           | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    19540307 | PA      | $13997503.49  | 0.77%             | 2029-07-06      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260401                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $8878.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA SA (PDVSA)                                          | PETROLEOS DE VENEZUELA S COMPANY GUAR REGS 04/27 5.375        | CUSIP: P7807HAC9<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |      200000 | PA      | $66960.00     | 0.00%             | 2027-04-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| EVERGLADES RE II LTD                                                       | EVERGLADES RE II LTD UNSECURED 144A 05/31 VAR                 | CUSIP: 30014LAP9<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |      500000 | PA      | $508750.00    | 0.03%             | 2031-05-13      | Floating      | 16.28%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD CAD BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |           1 | NC      | $9293.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR TRUST 2022-DNA1                                          | FREDDIE MAC   STACR STACR 2022 DNA1 B2 144A                   | CUSIP: 35564KQZ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     4800000 | PA      | $4981816.32   | 0.27%             | 2042-01-25      | Floating      | 10.76%                | No            |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GROUP LLC / COGENT FINANCE INC                       | COGENT COMMS GRP / FIN COMPANY GUAR 144A 06/27 7              | CUSIP: 19240CAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      300000 | PA      | $296955.78    | 0.02%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC                | UNITI GRP/UNITI HLD/CSL COMPANY GUAR 144A 01/30 6             | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    20302000 | PA      | $19117207.97  | 1.05%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-ASH8             | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 ASH8 D 144A         | CUSIP: 46649JAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1234177 | PA      | $1192138.06   | 0.07%             | 2035-02-15      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| HERBIE RE LTD                                                              | HERBIE RE LTD UNSECURED 144A 01/30 VAR                        | CUSIP: 42703VAN3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      250000 | PA      | $250375.00    | 0.01%             | 2030-01-07      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| CPS AUTO SECURITIZATION TRUST 2025-1                                       | CPS AUTO TRUST CPS 2025 1 A 144A                              | CUSIP: 22411GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     7730417 | PA      | $7842227.31   | 0.43%             | 2032-06-16      | Fixed         | 11.00%                | No            |                  3 | On Loan: No      |
| FREDDIE MAC REMICS 4999                                                    | FREDDIE MAC FHR 4999 DS                                       | CUSIP: 3137FV3C4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     6184222 | PA      | $590984.63    | 0.03%             | 2043-03-15      | Floating      | 2.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT GBP SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | GB        |           1 | NC      | $-26968.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/18/24-10Y LCH                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $-124640.60   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ENVALIOR FINANCE GMBH                                                      | ENVALIOR FINANCE GMBH EUR TERM LOAN B1                        | CUSIP: D255LZAB1<br>LEI: 254900GAG6U7Z5TROP43 | Long             | LON              | CORP              | DE        |     5200000 | PA      | $5405652.57   | 0.30%             | 2030-03-29      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | NISSAN MOTOR CO LTD SNR JP SP BRC                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | JP        |           1 | NC      | $-60597.22    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| QUERCUS II RE DESIGNATED ACTIVITY COMPANY                                  | QUERCUS II RE DAC UNSECURED 144A 01/31 VAR                    | CUSIP: ACI37KKF2<br>LEI: 635400PTO1PTKKKHEA32 | Long             | DBT              | CORP              | IE        |      350000 | PA      | $404507.12    | 0.02%             | 2031-01-07      | Floating      | 13.07%                | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 06/26 0.00000                                   | CUSIP: 912797UC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     5221000 | PA      | $5174121.95   | 0.28%             | 2026-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLONY MORTGAGE CAPITAL SERIES LTD 2019-IKPR                               | COLONY MORTGAGE CAPITAL LTD CLNY 2019 IKPR E 144A             | CUSIP: 12564NAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    13000000 | PA      | $12256156.90  | 0.67%             | 2038-11-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-4598.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CSMC TRUST 2018-RPL3                                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2018 RPL3 PT 144A           | CUSIP: 12653JAM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     9148268 | PA      | $7414824.00   | 0.41%             | 2058-01-25      | Variable      | 3.52%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REV REPO STANDARD CHARTERED BA ZCP                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -3990524 | PA      | $-4623444.89  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20260507                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $45898.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-1440             | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 1440 E 144A         | CUSIP: 46653DAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     9500000 | PA      | $4539070.55   | 0.25%             | 2036-03-15      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT IDR SOLD USD 20260610                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ID        |           1 | NC      | $-285.11      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CORESTATE CAPITAL HOLDING SA                                               | CORESTATE CAPITAL HOLD SR SECURED 12/26 10                    | CUSIP: ACI2J0DM8<br>LEI: 529900GNB86RB7HRX793 | Long             | DBT              | CORP              | LU        |      222608 | PA      | $238001.23    | 0.01%             | 2026-12-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -10082712 | PA      | $-10161497.69 | -0.56%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE                                                              | ALTICE FRANCE SA 2025 TERM LOAN B11                           | CUSIP: BA000QF29<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |     1114860 | PA      | $1110679.32   | 0.06%             | 2028-04-30      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260409                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $13397.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONGO GOVT                                                                 | REPUBLIC OF CONGO SR UNSECURED REGS 02/35 9.5                 | CUSIP: ACI38JJB5<br>LEI: 529900BXT90HR4QTB688 | Long             | DBT              | NUSS              | CG        |     1100000 | PA      | $991396.33    | 0.05%             | 2035-02-17      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260417                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-10148.71    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20270610                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-917.83      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | US TREASURY N/B 08/35 4.25                                    | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1520000 | PA      | $1514537.50   | 0.08%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ECUADOR GOVT                                                               | REPUBLIC OF ECUADOR SR UNSECURED REGS 07/35 VAR               | CUSIP: ACI1Q6JR2<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     1873449 | PA      | $1647230.03   | 0.09%             | 2035-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -3884750 | PA      | $-3902288.75  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD TRY BOUGHT USD 20260424                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $-7154.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CAPE LOOKOUT RE LTD                                                        | CAPE LOOKOUT RE LTD UNSECURED 144A 03/33 VAR                  | CUSIP: 13947LAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      350000 | PA      | $350000.00    | 0.02%             | 2033-03-21      | Floating      | 9.51%                 | No            |                  2 | On Loan: No      |
| PURPLE RE LTD                                                              | PURPLE RE LTD UNSECURED 144A 06/27 VAR                        | CUSIP: 74639NAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      300000 | PA      | $309480.00    | 0.02%             | 2027-06-07      | Floating      | 12.68%                | No            |                  2 | On Loan: No      |
| AMSURG (AMBULATORY TOPCO LLC)                                              | AMSURG EQUITY EQTYAS910                                       | CUSIP: 902RDL901<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     1571862 | NS      | $69122516.70  | 3.78%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-40958.98    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SVB FINANCIAL TRUST                                                        | SVB FINL TR                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       51680 | NS      | $3359.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 2017-CHOP                      | CREDIT SUISSE MORTGAGE TRUST CSMC 2017 CHOP E 144A            | CUSIP: 12651QAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    19982000 | PA      | $19877977.70  | 1.09%             | 2032-07-15      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797TS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      304000 | PA      | $302530.67    | 0.02%             | 2026-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANGOLA GOVT                                                                | REPUBLIC OF ANGOLA SR UNSECURED REGS 11/29 8                  | CUSIP: ACI1H0020<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     1900000 | PA      | $1881355.76   | 0.10%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -8577344 | PA      | $-8659557.84  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                                     | CS AT1 CLAIMS US225401AL29 CREDIT SUISSE GROUP AG             | CUSIP: 952NPL005<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |      600000 | PA      | $210000.00    | 0.01%             | 2060-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO SOCIETE GENERALE REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2538400 | PA      | $-2569192.20  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | PARIBAS REVERSE REPO EUR ZCP                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |     -683464 | PA      | $-789259.05   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT BRL SOLD USD 20260602                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |           1 | NC      | $96511.95     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2860119 | PA      | $-2864762.67  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| SOLERA LLC (POLARIS NEWCO LLC)                                             | POLARIS NEWCO LLC EUR TERM LOAN B                             | CUSIP: 73108RAC2<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |     1948000 | PA      | $1917605.70   | 0.10%             | 2028-06-02      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| EGYPTIAN GOVT                                                              | EGYPT TREASURY BILL BILLS 08/26 0.00000                       | CUSIP: ACI3134R8<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   363500000 | PA      | $6132704.29   | 0.34%             | 2026-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OBOL FRANCE 25                                                             | OBOL FRANCE 3 SAS 2024 EUR TERM LOAN B                        | CUSIP: BA0006XM9<br>LEI: 969500K3AWY66FOPOS97 | Long             | LON              | CORP              | FR        |     5626809 | PA      | $6450905.87   | 0.35%             | 2028-12-31      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT JPY SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $-432.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                          | U S RENAL CARE INC 2025 TERM LOAN                             | CUSIP: BA000SL02<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |    15050000 | PA      | $15332670.61  | 0.84%             | 2030-09-25      | Floating      | 9.67%                 | No            |                  3 | On Loan: No      |
| PIMCO FUNDS                                                                | PIMCO PRV SHORT TERM FLT III MUTUAL FUND                      | CUSIP: 000000000<br>LEI: LWVQWTQCFH3YG7CVH718 | Long             | STIV             | RF                | US        |    25426340 | PA      | $247627125.84 | 13.54%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $14213.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR19                                                | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR19 B1              | CUSIP: 92925CBL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    11808317 | PA      | $10600377.99  | 0.58%             | 2045-12-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| GATEWAY CASINOS & ENTERTAINMENT LIMITED                                    | GATEWY CSINS + ENTRTINMNT LTD 2024 TERM LOAN B                | CUSIP: BA000DCX3<br>LEI: 549300JSKBQMMD1B3U44 | Long             | LON              | CORP              | CA        |    33996877 | PA      | $34081869.61  | 1.86%             | 2030-12-18      | Floating      | 9.94%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD HKD BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | HK        |           1 | NC      | $4038.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                         | NEWFOLD DIGITAL HLDGS GRP INC. 2025 TRANCHE A TERM LOAN       | CUSIP: 65131PAC3<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |     7491540 | PA      | $5522314.05   | 0.30%             | 2029-04-30      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260429                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $7110.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INTEGRITY RE LTD                                                           | INTEGRITY RE LTD SR UNSECURED 144A 06/26 VAR                  | CUSIP: 45833UAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      900000 | PA      | $934650.00    | 0.05%             | 2026-06-08      | Floating      | 26.31%                | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R01                               | FANNIE MAE   CAS CAS 2021 R01 1B2 144A                        | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     7100000 | PA      | $7248257.23   | 0.40%             | 2041-10-25      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LOAN TR 2005-OPT4                                    | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2005 OPT4 M2              | CUSIP: 83611MJM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     6311921 | PA      | $6072029.48   | 0.33%             | 2035-12-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD JPY BOUGHT USD 20260507                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | JP        |           1 | NC      | $-100391.90   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE LUX 3                                                        | LUXCO3 SHARES COMMON STOCK                                    | CUSIP: 929YHW907<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      153918 | NS      | $2846498.47   | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                         | NEWFOLD DIGITAL HLDGS GR SR SECURED 144A 04/29 11.75          | CUSIP: 650929AC6<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |      502911 | PA      | $406321.91    | 0.02%             | 2029-04-30      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| VENEZUELAN GOVT                                                            | REPUBLIC OF VENEZUELA SR UNSECURED 09/27 9.25                 | CUSIP: 922646AS3<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     5300000 | PA      | $2544000.00   | 0.14%             | 2027-09-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| KENYA GOVT                                                                 | REPUBLIC OF KENYA SR UNSECURED 144A 02/34 7.875               | CUSIP: 491798AR5<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     5000000 | PA      | $4551320.35   | 0.25%             | 2034-02-26      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD KWD BOUGHT USD 20290702                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $12885.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA1                                    | FREDDIE MAC   STACR STACR 2021 DNA1 B2 144A                   | CUSIP: 35564KBE8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     1700000 | PA      | $1901914.10   | 0.10%             | 2051-01-25      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| VIRIDIEN                                                                   | VIRIDIEN SR SECURED 144A 10/30 10                             | CUSIP: 12531QAA3<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |     3642000 | PA      | $3878638.95   | 0.21%             | 2030-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | ARGENTINA LA SP GST                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $4095.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASHFORD HOSPITALITY TRUST 2018-ASHF                                        | ASHFORD HOSPITALITY TRUST AHT1 2018 ASHF C 144A               | CUSIP: 04410RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4000000 | PA      | $3980750.00   | 0.22%             | 2035-04-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2938546 | PA      | $-2947444.70  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT BRL SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |           1 | NC      | $8.24         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2135640 | PA      | $-2141613.86  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN ALTERNATIVE LN TRUST 2007-A1                                     | J.P. MORGAN ALTERNATIVE LOAN T JPALT 2007 A1 1A1A             | CUSIP: 466287AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    10242304 | PA      | $8925723.84   | 0.49%             | 2037-03-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL                    | ION PLAT FIN US/SARL SR SECURED 144A 05/29 8.75               | CUSIP: 46206AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3500000 | PA      | $3258588.45   | 0.18%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WARBURG                                          | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -2792376 | PA      | $-3228816.80  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                                               | AMS OSRAM AG SR UNSECURED REGS 03/29 10.5                     | CUSIP: ACI2L69P0<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |    12100000 | PA      | $14696555.05  | 0.80%             | 2029-03-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                         | TREASURY BILL 05/26 0.00000                                   | CUSIP: 912797SP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       97000 | PA      | $96647.16     | 0.01%             | 2026-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET MTGE PROD 2005-RS2                                       | RESIDENTIAL ASSET MORTGAGE PRO RAMP 2005 RS2 M6               | CUSIP: 76112BKG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5326867 | PA      | $4679561.14   | 0.26%             | 2035-02-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOLDINGS LIMITED                                      | ASTON MARTIN CAPITAL HOL SR SECURED REGS 03/29 10.375         | CUSIP: ACI2N9Q99<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |     3924000 | PA      | $4017536.12   | 0.22%             | 2029-03-31      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| SEVITA (NATIONAL MENTOR HOLDINGS INC)                                      | NATIONAL MENTOR HOLDINGS SR SECURED 144A 12/30 10.5           | CUSIP: 63688RAF4<br>LEI: 5493004QULJVJP3CNZ62 | Long             | DBT              | CORP              | US        |     2900000 | PA      | $2995546.30   | 0.16%             | 2030-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| INGENICO TERMINALS (POSEIDON BIDCO SAS)                                    | POSEIDON BIDCO SASU 2023 EUR TERM LOAN B                      | CUSIP: 953RGXII1<br>LEI: 254900LGX7YG7Y9YM766 | Long             | LON              | CORP              | GB        |    12700000 | PA      | $4403789.34   | 0.24%             | 2030-11-30      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO THE BANK OF NOVA REVERSE REPO                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -16611071 | PA      | $-16624458.63 | -0.91%            |  |  |  | No            |                  2 | On Loan: No      |
| AAMES MORTGAGE INVESTMENT TRUST 2004-1                                     | AAMES MORTGAGE INVESTMENT TRUS AMIT 2004 1 M7                 | CUSIP: 00252FAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5000000 | PA      | $4075263.50   | 0.22%             | 2035-01-25      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| MULTIPLAN INC (MPH ACQUISITION HOLDINGS LLC)                               | MPH ACQUISITION HOLDINGS LLC 2025 EXCHNG 1ST OUT TERM LOAN    | CUSIP: 55328HAP6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |      283247 | PA      | $283176.11    | 0.02%             | 2030-12-31      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2016-1                                       | MILL CITY MORTGAGE TRUST MCMLT 2016 1 X 144A                  | CUSIP: 59980TAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   124834846 | PA      | $3680705.49   | 0.20%             | 2057-04-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260413                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $6672.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARM MUSTANG EXPRESS HOLDCO LLC                                             | MUSTANG EXPRESS SERIES A PFD U MUSTANG EXPRESS SERIES A PFD U | CUSIP: 958LNU906<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       36758 | NS      | $36757790.00  | 2.01%             |  |  |  | No            |                  3 | On Loan: No      |
| MERLIN ENTERTAINMENTS (MOTION FINCO SARL)                                  | MOTION FINCO SARL SR SECURED REGS 06/30 7.375                 | CUSIP: ACI2G9CJ0<br>LEI: 2549002L1LBQZKA7UN30 | Long             | DBT              | CORP              | LU        |     3600000 | PA      | $3611695.66   | 0.20%             | 2030-06-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260617                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-17539.09    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SVF II FINCO (CAYMAN) LP                                                   | SOFTBANK VISION FUND II TRANCHE B2 TERM LOAN                  | CUSIP: BA000KP70<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |      724852 | PA      | $736956.75    | 0.04%             | 2029-04-25      | Floating      | 7.35%                 | No            |                  3 | On Loan: No      |
| ION PLATFORM FINANCE SA RL                                                 | ION PLATFORM FINANCE SAR SR SECURED 144A 09/30 6.5            | CUSIP: ACI30SHJ8<br>LEI: 6488IU1F9M51Z3P60R77 | Long             | DBT              | CORP              | LU        |     3800000 | PA      | $3668762.21   | 0.20%             | 2030-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | RFR USD SOFR/3.75000 12/18/24-5Y CME                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |           1 | NC      | $949739.21    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -521403 | PA      | $-526450.77   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORP TRUST 2017-GPTX                                | GS MORTGAGE SECURITIES TRUST GSMS 2017 GPTX B 144A            | CUSIP: 36257CAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1116000 | PA      | $834824.92    | 0.05%             | 2034-05-10      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| HESTIA RE LTD                                                              | HESTIA RE LTD UNSECURED 144A 03/32 VAR                        | CUSIP: 42815KAD4<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |      250000 | PA      | $255512.50    | 0.01%             | 2032-03-13      | Floating      | 11.77%                | No            |                  2 | On Loan: No      |
| CSMC TRUST 2022-NQM2                                                       | CREDIT SUISSE MORTGAGE TRUST CSMC 2022 NQM2 XS 144A           | CUSIP: 12664VAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   330437861 | PA      | $65459.74     | 0.00%             | 2067-02-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC 2024-A                                       | COLLEGE AVE STUDENT LOANS CASL 2024 A D 144A                  | CUSIP: 19424RAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1971000 | PA      | $2082311.44   | 0.11%             | 2054-06-25      | Fixed         | 8.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD BRL BOUGHT USD 20260602                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | BR        |           1 | NC      | $-12.48       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD EUR BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-1475371.33  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT KWD SOLD USD 20260528                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-1460.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO WARBURG REVERSE REPO                             | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -153600 | PA      | $-155068.80   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GAZPROM PJSC VIA GAZ FINANCE PLC                                           | GAZPROM PJSC (GAZ FN) SR UNSECURED REGS 06/27 3               | CUSIP: ACI1NC340<br>LEI: 213800UNP9N6BPNYMQ45 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $172800.00    | 0.01%             | 2027-06-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -6133116 | PA      | $-6176780.03  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -10365540 | PA      | $-10443419.76 | -0.57%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE TRUST 2020-C6                                 | BARCLAYS COMMERCIAL MORTGAGE S BBCMS 2020 C6 F5TC 144A        | CUSIP: 05492TBK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3000000 | PA      | $2016326.10   | 0.11%             | 2053-02-15      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| BANCA MONTE DEI PASCHI DI SIENA SPA                                        | BANCA MONTE DEI PASCHI SIENA COMMON STOCK                     | CUSIP: ACI28SXK1<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | EC               | CORP              | IT        |     2274000 | NS      | $19841843.56  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -1647682 | PA      | $-1657568.53  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -6429412 | PA      | $-6435436.27  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD ZAR BOUGHT USD 20260420                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | ZA        |           1 | NC      | $28926.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2019-RPL3                              | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2019 RPL3 B4 144A          | CUSIP: 64830NAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5000000 | PA      | $4009045.50   | 0.22%             | 2059-07-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BNP PARIBAS REPU REGIONS BANK                    | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -14930630 | PA      | $-15078580.10 | -0.82%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | PETROLEOS MEXICANOS (PEMEX) LA SP MYC                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $-80833.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS (1261229 BC LTD)                                         | BAUSCH HEALTH COMPANIES INC 2025 TERM LOAN B                  | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |     5256768 | PA      | $5087368.21   | 0.28%             | 2030-10-08      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT              | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 WPT EFL 144A        | CUSIP: 46645WAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    10000000 | PA      | $3949700.00   | 0.22%             | 2033-07-05      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC                                                | ION PLATFORM FINANCE US SR SECURED 144A 09/32 7.875           | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |      500000 | PA      | $387637.88    | 0.02%             | 2032-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| WINSTON RE LTD                                                             | WINSTON RE LTD UNSECURED 144A 02/31 VAR                       | CUSIP: 975660AA9<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |      250000 | PA      | $259925.00    | 0.01%             | 2031-02-26      | Floating      | 13.73%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -9342314 | PA      | $-9368051.92  | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| WINSTON RE LTD                                                             | WINSTON RE LTD UNSECURED 144A 02/31 VAR                       | CUSIP: 975660AB7<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |     1400000 | PA      | $1461320.00   | 0.08%             | 2031-02-26      | Floating      | 15.21%                | No            |                  2 | On Loan: No      |
| N/A                                                                        | VENTURE GLOBAL LNG INC SNR S* ICE                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $1087825.46   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260713                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-11100.17    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |     -591504 | PA      | $-593761.42   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| COREWEAVE COMPUTE ACQUISITION CO II LLC                                    | COREWEAVE CMPTE ACQU CO II LLC 2024 DELAYED DRAW TERM LOAN    | CUSIP: BA0004JK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    12751288 | PA      | $13140705.84  | 0.72%             | 2029-05-30      | Floating      | 9.70%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | SOLD KWD BOUGHT USD 20290502                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $85183.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO DEUTSCHE REVERSE REPO                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |    -2962556 | PA      | $-2970643.04  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5140                                                    | FREDDIE MAC FHR 5140 JI                                       | CUSIP: 3137H24K7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     3503964 | PA      | $787920.28    | 0.04%             | 2050-12-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EQUINITI (ARMOR HOLDCO INC)                                                | ARMOR HOLDCO INC COMPANY GUAR 144A 11/29 8.5                  | CUSIP: 04625PAA9<br>LEI: 254900X6HLK0YPTHHF09 | Long             | DBT              | CORP              | US        |     3100000 | PA      | $2833918.32   | 0.15%             | 2029-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO MORGAN STANLEY                                   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | LU        |    -5751936 | PA      | $-6698726.26  | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | FINANCIAL KETTERING REPU USD ANZBANK FIN KETTERING REPU USD   | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -13512242 | PA      | $-13597819.53 | -0.74%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | ARGENTINA LA SP JPM                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |           1 | NC      | $6826.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HOLDINGS GROUP INC                                         | NEWFOLD DIGITAL HLDGS GRP INC. 2025 NEW MONEY TRANCHE A TL    | CUSIP: 65131PAB5<br>LEI: 549300UTQC2651SB0W88 | Long             | LON              | CORP              | US        |      803671 | PA      | $610789.61    | 0.03%             | 2029-04-30      | Floating      | 9.42%                 | No            |                  3 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BARCLAYS                                         | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | GB        |     -619032 | PA      | $-827473.48   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| FIELDSTONE MTGE INVESTMENT CORP 2004-3                                     | FIELDSTONE MORTGAGE INVESTMENT FMIC 2004 3 M6                 | CUSIP: 31659TBT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2310812 | PA      | $1869225.87   | 0.10%             | 2034-08-25      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | REVERSE REPO BANK OF NEW YORK                                 | CUSIP: 000000000<br>LEI: N/A                  | Short            | RA               |  | US        |   -12936686 | PA      | $-12985587.13 | -0.71%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE TRUST 2020-C6                                 | BARCLAYS COMMERCIAL MORTGAGE S BBCMS 2020 C6 F5TB 144A        | CUSIP: 05492TBH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    12650000 | PA      | $9638805.39   | 0.53%             | 2053-02-15      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT TRY SOLD USD 20260403                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | TR        |           1 | NC      | $39.90        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | BOUGHT EUR SOLD USD 20260402                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | N/A       |           1 | NC      | $-7957.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260916                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $-9400.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2006-7F                                            | GSR MORTGAGE LOAN TRUST GSR 2006 7F 3A4                       | CUSIP: 36298NAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3997903 | PA      | $1044051.17   | 0.06%             | 2036-08-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                        | SOLD COP BOUGHT USD 20260504                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CO        |           1 | NC      | $12043.43     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2021-4A                                | EXETER AUTOMOBILE RECEIVABLES EART 2021 4A R 144A             | CUSIP: 30165JAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       12395 | PA      | $492491.01    | 0.03%             | 2033-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5144                                                    | FREDDIE MAC FHR 5144 GI                                       | CUSIP: 3137H26C3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     7800911 | PA      | $1018926.95   | 0.06%             | 2051-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-26

**Name of Applicant:** PIMCO Dynamic Income Opportunities Fund

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer