# EDGAR Filing Document

**Accession Number:** 0000917469
**File Stem:** 0001410368-25-031120
**Filing Date:** 2025-11
**Character Count:** 379347
**Document Hash:** a0a970d2ceca750f823fc0961665e8b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-031120.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001410368-25-031120

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LOOMIS SAYLES FUNDS I
- **CENTRAL INDEX KEY:** 0000917469

**ORGANIZATION NAME:**
- **EIN:** 043219179
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08282
- **FILM NUMBER:** 251522582

**BUSINESS ADDRESS:**
- **STREET 1:** 888 BOYLSTON STREET
- **STREET 2:** 8TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 617-449-2810

**MAIL ADDRESS:**
- **STREET 1:** 888 BOYLSTON STREET
- **STREET 2:** 8TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LOOMIS SAYLES FUNDS II
- **DATE OF NAME CHANGE:** 20031119

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LOOMIS SAYLES INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 20031015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LOOMIS SAYLES FUNDS I
- **DATE OF NAME CHANGE:** 20030718

## Series and Classes Contracts Data

### Loomis Sayles Investment Grade Fixed Income Fund (Series ID: S000006646)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000018133 | Institutional Class | LSIGX           |

## Nport-Ex

**Portfolio of Investments – as of September 30, 2025 (Unaudited)**

Loomis Sayles Investment Grade Fixed Income Fund

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount (‡)**<br>| **Description** | **Value (†)** |
| **Bonds and Notes — 87.3% of Net Assets** | **Bonds and Notes — 87.3% of Net Assets** | **Bonds and Notes — 87.3% of Net Assets** |
| **Non-Convertible Bonds — 86.9%** | **Non-Convertible Bonds — 86.9%** | **Non-Convertible Bonds — 86.9%** |
|  | **ABS Car Loan — 4.9%** | **ABS Car Loan — 4.9%** |
| $13694 | &nbsp;&nbsp; American Credit Acceptance Receivables Trust, <br> Series 2022-4, Class D, 8.000%, 2/15/2029(a)<br>| &nbsp;&nbsp; $13851 |
| 105000 | &nbsp;&nbsp; American Credit Acceptance Receivables Trust, <br> Series 2023-3, Class D, 6.820%, 10/12/2029(a)<br>| &nbsp;&nbsp; 107409 |
| 200000 | &nbsp;&nbsp; American Credit Acceptance Receivables Trust, <br> Series 2023-4, Class D, 7.650%, 9/12/2030(a)<br>| &nbsp;&nbsp; 207474 |
| 100000 | &nbsp;&nbsp; American Credit Acceptance Receivables Trust, <br> Series 2024-3, Class D, 6.040%, 7/12/2030(a)<br>| &nbsp;&nbsp; 102446 |
| 100000 | &nbsp;&nbsp; American Credit Acceptance Receivables Trust, <br> Series 2025-1, Class D, 5.540%, 8/12/2031(a)<br>| &nbsp;&nbsp; 101264 |
| 100000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2023-1A, Class A, 5.250%, 4/20/2029(a)<br>| &nbsp;&nbsp; 102276 |
| 100000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2023-1A, Class D, 7.590%, 4/20/2029(a)<br>| &nbsp;&nbsp; 102954 |
| 190000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2023-4A, Class C, 7.240%, 6/20/2029(a)<br>| &nbsp;&nbsp; 199071 |
| 100000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2023-8A, Class C, 7.340%, 2/20/2030(a)<br>| &nbsp;&nbsp; 106157 |
| 330000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2024-1A, Class A, 5.360%, 6/20/2030(a)<br>| &nbsp;&nbsp; 341843 |
| 130000 | &nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, <br> Series 2024-3A, Class A, 5.230%, 12/20/2030(a)<br>| &nbsp;&nbsp; 134028 |
| 445000 | &nbsp;&nbsp; Bridgecrest Lending Auto Securitization Trust, <br> Series 2023-1, Class D, 7.840%, 8/15/2029<br>| &nbsp;&nbsp; 467272 |
| 200000 | &nbsp;&nbsp; Bridgecrest Lending Auto Securitization Trust, <br> Series 2024-2, Class C, 6.070%, 2/15/2030<br>| &nbsp;&nbsp; 203562 |
| 200000 | &nbsp;&nbsp; Bridgecrest Lending Auto Securitization Trust, <br> Series 2024-2, Class D, 6.300%, 2/15/2030<br>| &nbsp;&nbsp; 205240 |
| 100000 | &nbsp;&nbsp; CarMax Auto Owner Trust, Series 2021-3, Class D, <br> 1.500%, 1/18/2028<br>| &nbsp;&nbsp; 99860 |
| 100000 | &nbsp;&nbsp; CarMax Auto Owner Trust, Series 2022-1, Class D, <br> 2.470%, 7/17/2028<br>| &nbsp;&nbsp; 99094 |
| 40000 | &nbsp;&nbsp; CarMax Auto Owner Trust, Series 2023-2, Class D, <br> 6.550%, 10/15/2029<br>| &nbsp;&nbsp; 41159 |
| 65000 | &nbsp;&nbsp; CarMax Auto Owner Trust, Series 2023-4, Class D, <br> 7.160%, 4/15/2030<br>| &nbsp;&nbsp; 67965 |
| 195000 | &nbsp;&nbsp; CarMax Auto Owner Trust, Series 2024-2, Class B, <br> 5.690%, 11/15/2029<br>| &nbsp;&nbsp; 200429 |
| 5000 | &nbsp;&nbsp; CarMax Auto Owner Trust, Series 2024-2, Class D, <br> 6.420%, 10/15/2030<br>| &nbsp;&nbsp; 5162 |
| 195000 | &nbsp;&nbsp; CarMax Select Receivables Trust, Series 2025-A, <br> Class C, 5.460%, 7/15/2031<br>| &nbsp;&nbsp; 199308 |
| 335000 | &nbsp;&nbsp; CarMax Select Receivables Trust, Series 2025-A, <br> Class D, 5.860%, 7/15/2031<br>| &nbsp;&nbsp; 342732 |
| 300000 | &nbsp;&nbsp; CarMax Select Receivables Trust, Series 2025-B, <br> Class D, 5.330%, 7/15/2031<br>| &nbsp;&nbsp; 298716 |
| 100000 | &nbsp;&nbsp; Carvana Auto Receivables Trust, Series 2024-N1, <br> Class D, 6.300%, 5/10/2030(a)<br>| &nbsp;&nbsp; 102583 |
| 100000 | &nbsp;&nbsp; Carvana Auto Receivables Trust, Series 2024-N2, <br> Class D, 6.440%, 9/10/2030(a)<br>| &nbsp;&nbsp; 103450 |
| 100000 | &nbsp;&nbsp; Carvana Auto Receivables Trust, Series 2024-N3, <br> Class D, 5.380%, 12/10/2030(a)<br>| &nbsp;&nbsp; 101063 |
| 100000 | &nbsp;&nbsp; Carvana Auto Receivables Trust, Series 2025-P1, <br> Class C, 5.340%, 8/11/2031<br>| &nbsp;&nbsp; 101528 |
| 100000 | &nbsp;&nbsp; Credit Acceptance Auto Loan Trust, <br> Series 2024-1A, Class C, 6.710%, 7/17/2034(a)<br>| &nbsp;&nbsp; 102912 |
| 220000 | &nbsp;&nbsp; Credit Acceptance Auto Loan Trust, <br> Series 2024-2A, Class A, 5.950%, 6/15/2034(a)<br>| &nbsp;&nbsp; 224761 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Car Loan — continued** | **ABS Car Loan — continued** |
| $105000 | &nbsp;&nbsp; Credit Acceptance Auto Loan Trust, <br> Series 2024-2A, Class C, 6.700%, 10/16/2034(a)<br>| &nbsp;&nbsp; $108788 |
| 100000 | &nbsp;&nbsp; Credit Acceptance Auto Loan Trust, <br> Series 2024-3A, Class C, 5.390%, 1/16/2035(a)<br>| &nbsp;&nbsp; 101062 |
| 200000 | &nbsp;&nbsp; Drive Auto Receivables Trust, Series 2025-2, <br> Class D, 4.900%, 12/15/2032<br>| &nbsp;&nbsp; 199706 |
| 265000 | &nbsp;&nbsp; DT Auto Owner Trust, Series 2023-2A, Class D, <br> 6.620%, 2/15/2029(a)<br>| &nbsp;&nbsp; 271376 |
| 44483 | &nbsp;&nbsp; Exeter Automobile Receivables Trust, <br> Series 2022-6A, Class C, 6.320%, 5/15/2028<br>| &nbsp;&nbsp; 44666 |
| 70000 | &nbsp;&nbsp; Exeter Automobile Receivables Trust, <br> Series 2023-3A, Class D, 6.680%, 4/16/2029<br>| &nbsp;&nbsp; 71624 |
| 285000 | &nbsp;&nbsp; Exeter Automobile Receivables Trust, <br> Series 2023-5A, Class D, 7.130%, 2/15/2030<br>| &nbsp;&nbsp; 296295 |
| 100000 | &nbsp;&nbsp; Exeter Automobile Receivables Trust, <br> Series 2024-3A, Class C, 5.700%, 7/16/2029<br>| &nbsp;&nbsp; 101406 |
| 100000 | &nbsp;&nbsp; Exeter Automobile Receivables Trust, <br> Series 2024-5A, Class D, 5.060%, 2/18/2031<br>| &nbsp;&nbsp; 100536 |
| 245000 | &nbsp;&nbsp; Exeter Automobile Receivables Trust, <br> Series 2025-1A, Class D, 5.490%, 5/15/2031<br>| &nbsp;&nbsp; 247616 |
| 98162 | &nbsp;&nbsp; Flagship Credit Auto Trust, Series 2021-1, Class D, <br> 1.270%, 3/15/2027(a)<br>| &nbsp;&nbsp; 97252 |
| 175000 | &nbsp;&nbsp; Flagship Credit Auto Trust, Series 2021-2, Class D, <br> 1.590%, 6/15/2027(a)<br>| &nbsp;&nbsp; 172520 |
| 210000 | &nbsp;&nbsp; Flagship Credit Auto Trust, Series 2021-3, Class D, <br> 1.650%, 9/15/2027(a)<br>| &nbsp;&nbsp; 201382 |
| 275000 | &nbsp;&nbsp; Flagship Credit Auto Trust, Series 2023-2, Class D, <br> 6.620%, 5/15/2029(a)<br>| &nbsp;&nbsp; 270971 |
| 40000 | &nbsp;&nbsp; Flagship Credit Auto Trust, Series 2023-3, Class D, <br> 6.580%, 8/15/2029(a)<br>| &nbsp;&nbsp; 39259 |
| 90000 | &nbsp;&nbsp; Ford Credit Auto Lease Trust, Series 2023-B, <br> Class D, 6.970%, 6/15/2028<br>| &nbsp;&nbsp; 90866 |
| 80000 | &nbsp;&nbsp; GLS Auto Receivables Issuer Trust, Series 2023-3A, <br> Class D, 6.440%, 5/15/2029(a)<br>| &nbsp;&nbsp; 81828 |
| 100000 | &nbsp;&nbsp; GLS Auto Receivables Issuer Trust, Series 2023-4A, <br> Class D, 7.180%, 8/15/2029(a)<br>| &nbsp;&nbsp; 103654 |
| 100000 | &nbsp;&nbsp; GLS Auto Receivables Issuer Trust, Series 2024-1A, <br> Class D, 5.950%, 12/17/2029(a)<br>| &nbsp;&nbsp; 102388 |
| 25000 | &nbsp;&nbsp; GLS Auto Receivables Issuer Trust, Series 2024-2A, <br> Class D, 6.190%, 2/15/2030(a)<br>| &nbsp;&nbsp; 25790 |
| 100000 | &nbsp;&nbsp; GLS Auto Select Receivables Trust, Series 2024-3A, <br> Class C, 5.920%, 8/15/2030(a)<br>| &nbsp;&nbsp; 103226 |
| 100000 | &nbsp;&nbsp; GLS Auto Select Receivables Trust, Series 2024-3A, <br> Class D, 6.340%, 8/15/2031(a)<br>| &nbsp;&nbsp; 103792 |
| 15000 | &nbsp;&nbsp; GLS Auto Select Receivables Trust, Series 2025-1A, <br> Class B, 5.040%, 2/15/2031(a)<br>| &nbsp;&nbsp; 15234 |
| 10000 | &nbsp;&nbsp; GLS Auto Select Receivables Trust, Series 2025-1A, <br> Class C, 5.260%, 3/15/2031(a)<br>| &nbsp;&nbsp; 10164 |
| 20000 | &nbsp;&nbsp; GLS Auto Select Receivables Trust, Series 2025-1A, <br> Class D, 5.740%, 4/15/2032(a)<br>| &nbsp;&nbsp; 20462 |
| 200000 | &nbsp;&nbsp; Hyundai Auto Receivables Trust, Series 2025-A, <br> Class C, 4.760%, 6/15/2032<br>| &nbsp;&nbsp; 201999 |
| 120000 | &nbsp;&nbsp; LAD Auto Receivables Trust, Series 2023-3A, <br> Class C, 6.430%, 12/15/2028(a)<br>| &nbsp;&nbsp; 123226 |
| 50000 | &nbsp;&nbsp; LAD Auto Receivables Trust, Series 2023-4A, <br> Class C, 6.760%, 3/15/2029(a)<br>| &nbsp;&nbsp; 51633 |
| 140000 | &nbsp;&nbsp; Prestige Auto Receivables Trust, Series 2023-1A, <br> Class D, 6.330%, 4/16/2029(a)<br>| &nbsp;&nbsp; 141814 |
| 350000 | &nbsp;&nbsp; Santander Drive Auto Receivables Trust, <br> Series 2024-3, Class D, 5.970%, 10/15/2031<br>| &nbsp;&nbsp; 360058 |
| 70876 | &nbsp;&nbsp; Securitized Term Auto Receivables Trust, <br> Series 2025-A, Class B, 5.038%, 7/25/2031(a)<br>| &nbsp;&nbsp; 71411 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Car Loan — continued** | **ABS Car Loan — continued** |
| $100000 | &nbsp;&nbsp; SFS Auto Receivables Securitization Trust, <br> Series 2025-1A, Class B, 5.110%, 2/20/2031(a)<br>| &nbsp;&nbsp; $102222 |
| 100000 | &nbsp;&nbsp; SFS Auto Receivables Securitization Trust, <br> Series 2025-1A, Class C, 5.200%, 10/20/2032(a)<br>| &nbsp;&nbsp; 101834 |
| 185000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2023-3A, Class D, 6.470%, 3/15/2029(a)<br>| &nbsp;&nbsp; 190456 |
| 270000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2023-4A, Class D, 7.190%, 7/16/2029(a)<br>| &nbsp;&nbsp; 280883 |
| 100000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2024-2A, Class D, 5.910%, 4/15/2030(a)<br>| &nbsp;&nbsp; 101672 |
| 240000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2024-3A, Class D, 5.210%, 4/15/2030(a)<br>| &nbsp;&nbsp; 243097 |
| 100000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, <br> Series 2025-1A, Class D, 5.540%, 11/15/2030(a)<br>| &nbsp;&nbsp; 101939 |
| 96701 | &nbsp;&nbsp; Wheels Fleet Lease Funding 1 LLC, Series 2024-3A, <br> Class A1, 4.800%, 9/19/2039(a)<br>| &nbsp;&nbsp; 97661 |
|  |  | &nbsp;&nbsp; 9637337 |
|  | **ABS Credit Card — 0.4%** | **ABS Credit Card — 0.4%** |
| 200000 | &nbsp;&nbsp; Avant Credit Card Master Trust, Series 2025-1A, <br> Class A, 4.890%, 4/15/2031(a)<br>| &nbsp;&nbsp; 199344 |
| 270000 | &nbsp;&nbsp; Mercury Financial Credit Card Master Trust, <br> Series 2024-2A, Class A, 6.560%, 7/20/2029(a)<br>| &nbsp;&nbsp; 272068 |
| 110000 | &nbsp;&nbsp; Mission Lane Credit Card Master Trust, <br> Series 2024-A, Class A1, 6.200%, 8/15/2029(a)<br>| &nbsp;&nbsp; 111002 |
| 225000 | &nbsp;&nbsp; Mission Lane Credit Card Master Trust, <br> Series 2024-B, Class A, 5.880%, 1/15/2030(a)<br>| &nbsp;&nbsp; 227205 |
|  |  | &nbsp;&nbsp; 809619 |
|  | **ABS Home Equity — 3.6%** | **ABS Home Equity — 3.6%** |
| 90418 | &nbsp;&nbsp; ATLX Trust, Series 2024-RPL1, Class A1, <br> 3.850%, 4/25/2064(a)(b)<br>| &nbsp;&nbsp; 87710 |
| 115204 | &nbsp;&nbsp; ATLX Trust, Series 2024-RPL2, Class A1, <br> 3.850%, 4/25/2063(a)(b)<br>| &nbsp;&nbsp; 111045 |
| 300000 | &nbsp;&nbsp; BINOM Securitization Trust, Series 2022-RPL1, <br> Class M1, 3.000%, 2/25/2061(a)(b)<br>| &nbsp;&nbsp; 248869 |
| 360107 | &nbsp;&nbsp; COLT Mortgage Loan Trust, Series 2021-6, Class A1, <br> 1.907%, 12/25/2066(a)(b)<br>| &nbsp;&nbsp; 328883 |
| 100000 | &nbsp;&nbsp; CoreVest American Finance Ltd., Series 2021-1, <br> Class C, 2.800%, 4/15/2053(a)<br>| &nbsp;&nbsp; 90868 |
| 100000 | &nbsp;&nbsp; CoreVest American Finance Ltd., Series 2021-3, <br> Class B, 2.494%, 10/15/2054(a)<br>| &nbsp;&nbsp; 97376 |
| 100000 | &nbsp;&nbsp; CoreVest American Finance Ltd., Series 2021-3, <br> Class D, 3.469%, 10/15/2054(a)<br>| &nbsp;&nbsp; 89981 |
| 210000 | &nbsp;&nbsp; CoreVest American Finance Ltd., Series 2023-RTL1, <br> Class A1, 7.553%, 12/28/2030(a)(b)<br>| &nbsp;&nbsp; 210947 |
| 394259 | &nbsp;&nbsp; Credit Suisse Mortgage Trust, Series 2021-RPL4, <br> Class A1, 4.136%, 12/27/2060(a)(b)<br>| &nbsp;&nbsp; 392660 |
| 100000 | &nbsp;&nbsp; CSMC Trust, Series 2017-RPL1, Class M1, <br> 2.972%, 7/25/2057(a)(b)<br>| &nbsp;&nbsp; 86411 |
| 78331 | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Structured <br> Agency Credit Risk Debt Notes, Series 2023-DNA2, <br> Class M1A, REMICS, 30 day USD SOFR Average + <br> 2.100%, 6.448%, 4/25/2043(a)(b)<br>| &nbsp;&nbsp; 79406 |
| 205000 | &nbsp;&nbsp; FirstKey Homes Trust, Series 2021-SFR2, Class E1, <br> 2.258%, 9/17/2038(a)<br>| &nbsp;&nbsp; 198901 |
| 105000 | &nbsp;&nbsp; FirstKey Homes Trust, Series 2021-SFR2, Class E2, <br> 2.358%, 9/17/2038(a)<br>| &nbsp;&nbsp; 101724 |
| 360000 | &nbsp;&nbsp; FirstKey Homes Trust, Series 2022-SFR2, Class D, <br> 4.500%, 7/17/2039(a)<br>| &nbsp;&nbsp; 354014 |
| 73792 | &nbsp;&nbsp; GCAT Trust, Series 2019-RPL1, Class A1, <br> 2.650%, 10/25/2068(a)(b)<br>| &nbsp;&nbsp; 71908 |
| 82493 | &nbsp;&nbsp; Home Partners of America Trust, Series 2021-1, <br> Class E, 2.577%, 9/17/2041(a)<br>| &nbsp;&nbsp; 72082 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Home Equity — continued** | **ABS Home Equity — continued** |
| $398191 | &nbsp;&nbsp; Home Partners of America Trust, Series 2021-2, <br> Class E1, 2.852%, 12/17/2026(a)<br>| &nbsp;&nbsp; $385940 |
| 206292 | &nbsp;&nbsp; Home Partners of America Trust, Series 2021-2, <br> Class E2, 2.952%, 12/17/2026(a)<br>| &nbsp;&nbsp; 199830 |
| 485000 | &nbsp;&nbsp; Legacy Mortgage Asset Trust, Series 2020-RPL1, <br> Class A2, 3.250%, 9/25/2059(a)(b)<br>| &nbsp;&nbsp; 440642 |
| 165049 | &nbsp;&nbsp; Legacy Mortgage Asset Trust, Series 2021-GS2, <br> Class A1, 5.750%, 4/25/2061(a)(b)<br>| &nbsp;&nbsp; 164920 |
| 265000 | &nbsp;&nbsp; New Residential Mortgage Loan Trust, <br> Series 2024-RTL1, Class A1, 6.664%, 3/25/2039(a)(b)<br>| &nbsp;&nbsp; 267000 |
| 215902 | &nbsp;&nbsp; NLT Trust, Series 2023-1, Class A1, <br> 3.200%, 10/25/2062(a)(b)<br>| &nbsp;&nbsp; 196680 |
| 225000 | &nbsp;&nbsp; NYMT Loan Trust, Series 2024-BPL2, Class A1, <br> 6.509%, 5/25/2039(a)(b)<br>| &nbsp;&nbsp; 227296 |
| 145000 | &nbsp;&nbsp; NYMT Loan Trust, Series 2024-BPL3, Class A1, <br> 5.268%, 9/25/2039(a)(b)<br>| &nbsp;&nbsp; 145165 |
| 105041 | &nbsp;&nbsp; OBX Trust, Series 2021-NQM3, Class A1, <br> 1.054%, 7/25/2061(a)(b)<br>| &nbsp;&nbsp; 86514 |
| 218774 | &nbsp;&nbsp; PRET LLC, Series 2024-NPL8, Class A1, <br> 5.963%, 11/25/2054(a)(b)<br>| &nbsp;&nbsp; 219009 |
| 100000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR3, <br> Class E1, 2.538%, 5/17/2026(a)<br>| &nbsp;&nbsp; 99037 |
| 100000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR3, <br> Class E2, 2.688%, 5/17/2026(a)<br>| &nbsp;&nbsp; 99063 |
| 120000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR5, <br> Class E1, 2.209%, 7/17/2038(a)<br>| &nbsp;&nbsp; 117276 |
| 150000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR6, <br> Class E1, 2.425%, 7/17/2038(a)<br>| &nbsp;&nbsp; 146834 |
| 100000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR6, <br> Class E2, 2.525%, 7/17/2038(a)<br>| &nbsp;&nbsp; 97887 |
| 165000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR7, <br> Class E1, 2.591%, 8/17/2040(a)<br>| &nbsp;&nbsp; 154477 |
| 100000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR7, <br> Class E2, 2.640%, 8/17/2040(a)<br>| &nbsp;&nbsp; 93220 |
| 100000 | &nbsp;&nbsp; Progress Residential Trust, Series 2021-SFR9, <br> Class E1, 2.811%, 11/17/2040(a)<br>| &nbsp;&nbsp; 93286 |
| 117002 | &nbsp;&nbsp; PRPM LLC, Series 2024-7, Class A1, <br> 5.870%, 11/25/2029(a)(b)<br>| &nbsp;&nbsp; 117040 |
| 138128 | &nbsp;&nbsp; PRPM LLC, Series 2024-RCF2, Class A1, <br> 3.750%, 3/25/2054(a)(b)<br>| &nbsp;&nbsp; 135267 |
| 93181 | &nbsp;&nbsp; PRPM LLC, Series 2025-2, Class A1, <br> 6.469%, 5/25/2030(a)(b)<br>| &nbsp;&nbsp; 93519 |
| 125220 | &nbsp;&nbsp; PRPM LLC, Series 2025-RCF1, Class A1, <br> 4.500%, 2/25/2055(a)(b)<br>| &nbsp;&nbsp; 124336 |
| 98201 | &nbsp;&nbsp; Redwood Funding Trust, Series 2023-1, Class A, <br> 7.500%, 7/25/2059(a)(b)<br>| &nbsp;&nbsp; 97872 |
| 157007 | &nbsp;&nbsp; Towd Point Mortgage Trust, Series 2019-4, <br> Class A1, 2.900%, 10/25/2059(a)(b)<br>| &nbsp;&nbsp; 150882 |
| 375000 | &nbsp;&nbsp; TVC Mortgage Trust, Series 2024-RRTL1, Class A1, <br> 5.545%, 7/25/2039(a)(b)<br>| &nbsp;&nbsp; 375648 |
| 196470 | &nbsp;&nbsp; Verus Securitization Trust, Series 2021-3, Class A1, <br> 1.046%, 6/25/2066(a)(b)<br>| &nbsp;&nbsp; 172808 |
|  |  | &nbsp;&nbsp; 7124233 |
|  | **ABS Other — 7.4%** | **ABS Other — 7.4%** |
| 121368 | &nbsp;&nbsp; AASET Trust, Series 2021-1A, Class A, <br> 2.950%, 11/16/2041(a)<br>| &nbsp;&nbsp; 116360 |
| 239205 | &nbsp;&nbsp; AASET Trust, Series 2025-1A, Class A, <br> 5.943%, 2/16/2050(a)<br>| &nbsp;&nbsp; 246415 |
| 285000 | &nbsp;&nbsp; Affirm Asset Securitization Trust, Series 2024-A, <br> Class 1A, 5.610%, 2/15/2029(a)<br>| &nbsp;&nbsp; 286614 |
| 105000 | &nbsp;&nbsp; Affirm Asset Securitization Trust, Series 2024-A, <br> Class A, 5.610%, 2/15/2029(a)<br>| &nbsp;&nbsp; 105464 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Other — continued** | **ABS Other — continued** |
| $24032 | &nbsp;&nbsp; Affirm Asset Securitization Trust, Series 2024-X2, <br> Class A, 5.220%, 12/17/2029(a)<br>| &nbsp;&nbsp; $24108 |
| 230000 | &nbsp;&nbsp; Affirm Master Trust, Series 2025-1A, Class A, <br> 4.990%, 2/15/2033(a)<br>| &nbsp;&nbsp; 231878 |
| 100000 | &nbsp;&nbsp; Affirm Master Trust, Series 2025-3A, Class B, <br> 4.750%, 10/16/2034(a)<br>| &nbsp;&nbsp; 99870 |
| 705000 | &nbsp;&nbsp; Applebee's Funding LLC/IHOP Funding LLC, <br> Series 2025-1A, Class A2, 6.720%, 6/07/2055(a)<br>| &nbsp;&nbsp; 712782 |
| 274921 | &nbsp;&nbsp; Aqua Finance Trust, Series 2024-A, Class A, <br> 4.810%, 4/18/2050(a)<br>| &nbsp;&nbsp; 277483 |
| 31306 | &nbsp;&nbsp; Auxilior Term Funding LLC, Series 2023-1A, <br> Class A2, 6.180%, 12/15/2028(a)<br>| &nbsp;&nbsp; 31534 |
| 213180 | &nbsp;&nbsp; BHG Securitization Trust, Series 2022-A, Class B, <br> 2.700%, 2/20/2035(a)<br>| &nbsp;&nbsp; 211617 |
| 100000 | &nbsp;&nbsp; BHG Securitization Trust, Series 2022-A, Class C, <br> 3.080%, 2/20/2035(a)<br>| &nbsp;&nbsp; 98036 |
| 156082 | &nbsp;&nbsp; BHG Securitization Trust, Series 2023-B, Class B, <br> 7.450%, 12/17/2036(a)<br>| &nbsp;&nbsp; 163117 |
| 162681 | &nbsp;&nbsp; BHG Securitization Trust, Series 2025-1CON, <br> Class A, 4.820%, 4/17/2036(a)<br>| &nbsp;&nbsp; 163554 |
| 98684 | &nbsp;&nbsp; BHG Securitization Trust, Series 2025-1CON, <br> Class B, 5.260%, 4/17/2036(a)<br>| &nbsp;&nbsp; 99132 |
| 283411 | &nbsp;&nbsp; Business Jet Securities LLC, Series 2024-2A, <br> Class A, 5.364%, 9/15/2039(a)<br>| &nbsp;&nbsp; 284599 |
| 75362 | &nbsp;&nbsp; Castlelake Aircraft Structured Trust, <br> Series 2019-1A, Class A, 3.967%, 4/15/2039(a)<br>| &nbsp;&nbsp; 74456 |
| 300000 | &nbsp;&nbsp; Compass Datacenters Issuer II LLC, <br> Series 2024-2A, Class A1, 5.022%, 8/25/2049(a)<br>| &nbsp;&nbsp; 301442 |
| 200000 | &nbsp;&nbsp; Compass Datacenters Issuer II LLC, <br> Series 2025-1A, Class A1, 5.316%, 5/25/2050(a)<br>| &nbsp;&nbsp; 202811 |
| 200000 | &nbsp;&nbsp; Compass Datacenters Issuer III LLC, <br> Series 2025-1A, Class A2, 5.656%, 2/25/2050(a)<br>| &nbsp;&nbsp; 204143 |
| 100000 | &nbsp;&nbsp; Compass Datacenters Issuer III LLC, <br> Series 2025-1A, Class A3, 5.852%, 2/25/2050(a)<br>| &nbsp;&nbsp; 101281 |
| 240000 | &nbsp;&nbsp; Compass Datacenters Issuer III LLC, <br> Series 2025-3A, Class A2, 5.286%, 7/25/2050(a)<br>| &nbsp;&nbsp; 243233 |
| 193030 | &nbsp;&nbsp; Crockett Partners Equipment Co. IIA LLC, <br> Series 2024-1C, Class A, 6.050%, 1/20/2031(a)<br>| &nbsp;&nbsp; 195283 |
| 175000 | &nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC, <br> Series 2024-3A, Class A2, 4.650%, 5/20/2049(a)<br>| &nbsp;&nbsp; 169985 |
| 100000 | &nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC, <br> Series 2025-1A, Class A2, 5.910%, 2/20/2050(a)<br>| &nbsp;&nbsp; 102401 |
| 465000 | &nbsp;&nbsp; DataBank Issuer II LLC, Series 2025-1A, Class A2, <br> 5.180%, 9/27/2055(a)<br>| &nbsp;&nbsp; 466613 |
| 300000 | &nbsp;&nbsp; EDI ABS Issuer 1 LLC, Series 2025-1A, Class A2, <br> 4.450%, 7/25/2055(a)<br>| &nbsp;&nbsp; 292439 |
| 119561 | &nbsp;&nbsp; EverBright Solar Trust, Series 2024-A, Class A, <br> 6.430%, 6/22/2054(a)<br>| &nbsp;&nbsp; 111729 |
| 90094 | &nbsp;&nbsp; Foundation Finance Trust, Series 2023-2A, Class A, <br> 6.530%, 6/15/2049(a)<br>| &nbsp;&nbsp; 94049 |
| 82048 | &nbsp;&nbsp; Foundation Finance Trust, Series 2025-1A, Class A, <br> 4.950%, 4/15/2050(a)<br>| &nbsp;&nbsp; 83131 |
| 12413 | &nbsp;&nbsp; FREED ABS Trust, Series 2021-3FP, Class D, <br> 2.370%, 11/20/2028(a)<br>| &nbsp;&nbsp; 12398 |
| 295000 | &nbsp;&nbsp; Frontier Issuer LLC, Series 2024-1, Class A2, <br> 6.190%, 6/20/2054(a)<br>| &nbsp;&nbsp; 304416 |
| 350000 | &nbsp;&nbsp; Global SC Finance X Ltd., Series 2025-1H, Class A, <br> 6.169%, 9/22/2045(a)<br>| &nbsp;&nbsp; 349805 |
| 59281 | &nbsp;&nbsp; GoodLeap Home Improvement Solutions Trust, <br> Series 2024-1A, Class A, 5.350%, 10/20/2046(a)<br>| &nbsp;&nbsp; 60055 |
| 54150 | &nbsp;&nbsp; GreenSky Home Improvement Issuer Trust, <br> Series 2024-2, Class A4, 5.150%, 10/27/2059(a)<br>| &nbsp;&nbsp; 54932 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Other — continued** | **ABS Other — continued** |
| $100000 | &nbsp;&nbsp; GreenSky Home Improvement Trust, Series 2024-1, <br> Class A3, 5.550%, 6/25/2059(a)<br>| &nbsp;&nbsp; $102789 |
| 92604 | &nbsp;&nbsp; GreenSky Home Improvement Trust, Series 2024-1, <br> Class C, 6.360%, 6/25/2059(a)<br>| &nbsp;&nbsp; 94918 |
| 52083 | &nbsp;&nbsp; HINNT LLC, Series 2024-A, Class A, <br> 5.490%, 3/15/2043(a)<br>| &nbsp;&nbsp; 53075 |
| 143250 | &nbsp;&nbsp; Jack in the Box Funding LLC, Series 2019-1A, <br> Class A2II, 4.476%, 8/25/2049(a)<br>| &nbsp;&nbsp; 142000 |
| 310000 | &nbsp;&nbsp; Kapitus Asset Securitization IV LLC, <br> Series 2024-1A, Class 1A, 5.490%, 9/10/2031(a)<br>| &nbsp;&nbsp; 311399 |
| 175000 | &nbsp;&nbsp; Kapitus Asset Securitization IV LLC, <br> Series 2024-1A, Class A, 5.490%, 9/10/2031(a)<br>| &nbsp;&nbsp; 175790 |
| 245057 | &nbsp;&nbsp; Lunar Structured Aircraft Portfolio Notes, <br> Series 2021-1, Class A, 2.636%, 10/15/2046(a)<br>| &nbsp;&nbsp; 231510 |
| 100000 | &nbsp;&nbsp; Mariner Finance Issuance Trust, Series 2024-AA, <br> Class B, 5.680%, 9/22/2036(a)<br>| &nbsp;&nbsp; 101915 |
| 5804 | &nbsp;&nbsp; Marlette Funding Trust, Series 2023-2A, Class B, <br> 6.540%, 6/15/2033(a)<br>| &nbsp;&nbsp; 5807 |
| 100000 | &nbsp;&nbsp; MetroNet Infrastructure Issuer LLC, <br> Series 2025-2A, Class A2, 5.400%, 8/20/2055(a)<br>| &nbsp;&nbsp; 101370 |
| 75560 | &nbsp;&nbsp; Mosaic Solar Loan Trust, Series 2024-1A, Class A, <br> 5.500%, 9/20/2049(a)<br>| &nbsp;&nbsp; 73131 |
| 574697 | &nbsp;&nbsp; Mosaic Solar Loan Trust, Series 2024-2A, Class A, <br> 5.600%, 4/22/2052(a)<br>| &nbsp;&nbsp; 565469 |
| 18383 | &nbsp;&nbsp; MVW LLC, Series 2021-1WA, Class C, <br> 1.940%, 1/22/2041(a)<br>| &nbsp;&nbsp; 17693 |
| 120000 | &nbsp;&nbsp; Octane Receivables Trust, Series 2024-2A, Class C, <br> 5.900%, 7/20/2032(a)<br>| &nbsp;&nbsp; 122339 |
| 105000 | &nbsp;&nbsp; OnDeck Asset Securitization Trust IV LLC, <br> Series 2024-2A, Class A, 4.980%, 10/17/2031(a)<br>| &nbsp;&nbsp; 104755 |
| 240000 | &nbsp;&nbsp; OneMain Financial Issuance Trust, Series 2021-1A, <br> Class D, 2.470%, 6/16/2036(a)<br>| &nbsp;&nbsp; 224775 |
| 310000 | &nbsp;&nbsp; OneMain Financial Issuance Trust, Series 2022-S1, <br> Class D, 5.200%, 5/14/2035(a)<br>| &nbsp;&nbsp; 311562 |
| 267910 | &nbsp;&nbsp; OWN Equipment Fund I LLC, Series 2024-2M, <br> Class A, 5.700%, 12/20/2032(a)<br>| &nbsp;&nbsp; 272680 |
| 130343 | &nbsp;&nbsp; OWN Equipment Fund II LLC, Series 2025-1M, <br> Class A, 5.480%, 9/26/2033(a)<br>| &nbsp;&nbsp; 131322 |
| 100000 | &nbsp;&nbsp; Progress Residential Trust, Series 2022-SFR5, <br> Class C, 5.192%, 6/17/2039(a)<br>| &nbsp;&nbsp; 100060 |
| 200000 | &nbsp;&nbsp; QTS Issuer ABS II LLC, Series 2025-1A, Class B, <br> 5.778%, 10/05/2055(a)<br>| &nbsp;&nbsp; 198754 |
| 115000 | &nbsp;&nbsp; Regional Management Issuance Trust, <br> Series 2024-2, Class A, 5.110%, 12/15/2033(a)<br>| &nbsp;&nbsp; 115981 |
| 165000 | &nbsp;&nbsp; Republic Finance Issuance Trust, Series 2024-A, <br> Class A, 5.910%, 8/20/2032(a)<br>| &nbsp;&nbsp; 167018 |
| 175000 | &nbsp;&nbsp; Republic Finance Issuance Trust, Series 2024-B, <br> Class A, 5.420%, 11/20/2037(a)<br>| &nbsp;&nbsp; 178160 |
| 250000 | &nbsp;&nbsp; RFS Asset Securitization II LLC, Series 2024-1, <br> Class A, 6.550%, 7/15/2031(a)<br>| &nbsp;&nbsp; 254670 |
| 100000 | &nbsp;&nbsp; SCF Equipment Leasing LLC, Series 2022-1A, <br> Class D, 3.790%, 11/20/2031(a)<br>| &nbsp;&nbsp; 99355 |
| 99750 | &nbsp;&nbsp; SEB Funding LLC, Series 2021-1A, Class A2, <br> 4.969%, 1/30/2052(a)<br>| &nbsp;&nbsp; 98656 |
| 200000 | &nbsp;&nbsp; SEB Funding LLC, Series 2024-1A, Class A2, <br> 7.386%, 4/30/2054(a)<br>| &nbsp;&nbsp; 204541 |
| 39612 | &nbsp;&nbsp; Shenton Aircraft Investment I Ltd., Series 2015-1A, <br> Class A, 4.750%, 10/15/2042(a)<br>| &nbsp;&nbsp; 38851 |
| 10012 | &nbsp;&nbsp; Sierra Timeshare Receivables Funding LLC, <br> Series 2021-1A, Class C, 1.790%, 11/20/2037(a)<br>| &nbsp;&nbsp; 9932 |
| 50663 | &nbsp;&nbsp; Sierra Timeshare Receivables Funding LLC, <br> Series 2023-3A, Class C, 7.120%, 9/20/2040(a)<br>| &nbsp;&nbsp; 52259 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Other — continued** | **ABS Other — continued** |
| $399649 | &nbsp;&nbsp; Slam Ltd., Series 2021-1A, Class A, <br> 2.434%, 6/15/2046(a)<br>| &nbsp;&nbsp; $376954 |
| 262287 | &nbsp;&nbsp; Slam Ltd., Series 2024-1A, Class A, <br> 5.335%, 9/15/2049(a)<br>| &nbsp;&nbsp; 265016 |
| 100455 | &nbsp;&nbsp; Stream Innovations Issuer Trust, Series 2024-2A, <br> Class A, 5.210%, 2/15/2045(a)<br>| &nbsp;&nbsp; 101740 |
| 49341 | &nbsp;&nbsp; Sunnova Helios II Issuer LLC, Series 2019-AA, <br> Class A, 3.750%, 6/20/2046(a)<br>| &nbsp;&nbsp; 45792 |
| 172409 | &nbsp;&nbsp; Sunnova Helios X Issuer LLC, Series 2022-C, <br> Class A, 5.300%, 11/22/2049(a)<br>| &nbsp;&nbsp; 160671 |
| 277668 | &nbsp;&nbsp; Sunrun Atlas Issuer LLC, Series 2019-2, Class A, <br> 3.610%, 2/01/2055(a)<br>| &nbsp;&nbsp; 265529 |
| 271600 | &nbsp;&nbsp; Textainer Marine Containers VII Ltd., <br> Series 2021-2A, Class A, 2.230%, 4/20/2046(a)<br>| &nbsp;&nbsp; 254705 |
| 180767 | &nbsp;&nbsp; TIF Funding II LLC, Series 2021-1A, Class A, <br> 1.650%, 2/20/2046(a)<br>| &nbsp;&nbsp; 164886 |
| 340766 | &nbsp;&nbsp; TMCL VII Holdings Ltd., Series 2025-1H, Class A, <br> 6.430%, 7/23/2050(a)<br>| &nbsp;&nbsp; 342094 |
| 535000 | &nbsp;&nbsp; Trafigura Securitisation Finance PLC, <br> Series 2024-1A, Class A1, 1 day USD SOFR + <br> 1.400%, 5.641%, 11/15/2027(a)(b)<br>| &nbsp;&nbsp; 535081 |
| 183807 | &nbsp;&nbsp; Volofin Finance DAC, Series 2024-1A, Class A, <br> 5.935%, 6/15/2037(a)<br>| &nbsp;&nbsp; 187383 |
| 280945 | &nbsp;&nbsp; Willis Engine Structured Trust VII, Series 2023-A, <br> Class A, 8.000%, 10/15/2048(a)<br>| &nbsp;&nbsp; 290801 |
| 400000 | &nbsp;&nbsp; Zayo Issuer LLC, Series 2025-3A, Class A2, <br> 5.570%, 10/20/2055(a)<br>| &nbsp;&nbsp; 404244 |
|  |  | &nbsp;&nbsp; 14634597 |
|  | **ABS Residential Mortgage — 1.4%** | **ABS Residential Mortgage — 1.4%** |
| 440092 | &nbsp;&nbsp; GITSIT Mortgage Loan Trust, Series 2025-NPL1, <br> Class A1, 6.276%, 2/25/2055(a)(b)<br>| &nbsp;&nbsp; 441287 |
| 171919 | &nbsp;&nbsp; MFA Trust, Series 2024-NPL1, Class A1, <br> 6.330%, 9/25/2054(b)<br>| &nbsp;&nbsp; 172129 |
| 47719 | &nbsp;&nbsp; NYMT Loan Trust, Series 2025-R1, Class A, <br> 6.381%, 2/25/2030(a)(b)<br>| &nbsp;&nbsp; 47811 |
| 140620 | &nbsp;&nbsp; PRET LLC, Series 2024-NPL7, Class A1, <br> 5.925%, 10/25/2054(a)(b)<br>| &nbsp;&nbsp; 140766 |
| 154035 | &nbsp;&nbsp; PRET LLC, Series 2025-NPL3, Class A1, <br> 6.708%, 4/25/2055(a)(b)<br>| &nbsp;&nbsp; 154016 |
| 144115 | &nbsp;&nbsp; PRET LLC, Series 2025-NPL6, Class A1, <br> 5.744%, 6/25/2055(a)(b)<br>| &nbsp;&nbsp; 143628 |
| 372905 | &nbsp;&nbsp; PRET LLC, Series 2025-NPL8, Class A1, <br> 5.732%, 8/25/2055(a)(b)<br>| &nbsp;&nbsp; 374195 |
| 414449 | &nbsp;&nbsp; RCO IX Mortgage LLC, Series 2025-2, Class A1, <br> 6.513%, 4/25/2030(a)(b)<br>| &nbsp;&nbsp; 415900 |
| 419380 | &nbsp;&nbsp; RCO X Mortgage LLC, Series 2025-1, Class A1, <br> 5.875%, 1/25/2030(a)(b)<br>| &nbsp;&nbsp; 419740 |
| 148783 | &nbsp;&nbsp; VCAT LLC, Series 2025-NPL1, Class A1, <br> 5.877%, 1/25/2055(a)(b)<br>| &nbsp;&nbsp; 149101 |
| 351774 | &nbsp;&nbsp; VCAT LLC, Series 2025-NPL3, Class A1, <br> 5.889%, 2/25/2055(a)(b)<br>| &nbsp;&nbsp; 352143 |
| 17043 | &nbsp;&nbsp; VOLT XCVII LLC, Series 2021-NPL6, Class A1, <br> 6.240%, 4/25/2051(a)(b)<br>| &nbsp;&nbsp; 17040 |
|  |  | &nbsp;&nbsp; 2827756 |
|  | **ABS Student Loan — 0.9%** | **ABS Student Loan — 0.9%** |
| 409052 | &nbsp;&nbsp; College Ave Student Loans LLC, Series 2024-B, <br> Class A1A, 5.690%, 8/25/2054(a)<br>| &nbsp;&nbsp; 418612 |
| 46206 | &nbsp;&nbsp; College Avenue Student Loans LLC, Series 2021-A, <br> Class C, 2.920%, 7/25/2051(a)<br>| &nbsp;&nbsp; 43762 |
| 15545 | &nbsp;&nbsp; Navient Private Education Refi Loan Trust, <br> Series 2020-HA, Class A, 1.310%, 1/15/2069(a)<br>| &nbsp;&nbsp; 14711 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **ABS Student Loan — continued** | **ABS Student Loan — continued** |
| $101804 | &nbsp;&nbsp; Navient Private Education Refi Loan Trust, <br> Series 2021-A, Class A, 0.840%, 5/15/2069(a)<br>| &nbsp;&nbsp; $93134 |
| 135000 | &nbsp;&nbsp; Navient Private Education Refi Loan Trust, <br> Series 2021-A, Class B, 2.240%, 5/15/2069(a)<br>| &nbsp;&nbsp; 108918 |
| 100000 | &nbsp;&nbsp; Navient Private Education Refi Loan Trust, <br> Series 2021-EA, Class B, 2.030%, 12/16/2069(a)<br>| &nbsp;&nbsp; 72310 |
| 195000 | &nbsp;&nbsp; Navient Private Education Refi Loan Trust, <br> Series 2021-FA, Class B, 2.120%, 2/18/2070(a)<br>| &nbsp;&nbsp; 141182 |
| 120000 | &nbsp;&nbsp; Navient Student Loan Trust, Series 2023-BA, <br> Class B, 7.230%, 3/15/2072(a)<br>| &nbsp;&nbsp; 132100 |
| 110000 | &nbsp;&nbsp; Nelnet Student Loan Trust, Series 2021-BA, Class <br> B, 2.680%, 4/20/2062(a)<br>| &nbsp;&nbsp; 98271 |
| 37564 | &nbsp;&nbsp; SMB Private Education Loan Trust, Series 2018-C, <br> Class A2A, 3.630%, 11/15/2035(a)<br>| &nbsp;&nbsp; 37385 |
| 201064 | &nbsp;&nbsp; SMB Private Education Loan Trust, Series 2020-A, <br> Class A2A, 2.230%, 9/15/2037(a)<br>| &nbsp;&nbsp; 195039 |
| 94824 | &nbsp;&nbsp; SMB Private Education Loan Trust, Series 2021-A, <br> Class A2A2, 1 mo. USD SOFR + 0.844%, <br> 4.995%, 1/15/2053(a)(b)<br>| &nbsp;&nbsp; 93894 |
| 210000 | &nbsp;&nbsp; SMB Private Education Loan Trust, Series 2021-B, <br> Class B, 2.650%, 7/17/2051(a)<br>| &nbsp;&nbsp; 187484 |
| 100000 | &nbsp;&nbsp; SMB Private Education Loan Trust, Series 2023-C, <br> Class B, 6.360%, 11/15/2052(a)<br>| &nbsp;&nbsp; 104637 |
| 102489 | &nbsp;&nbsp; SMB Private Education Loan Trust, Series 2024-A, <br> Class A1A, 5.240%, 3/15/2056(a)<br>| &nbsp;&nbsp; 104696 |
|  |  | &nbsp;&nbsp; 1846135 |
|  | **ABS Whole Business — 0.5%** | **ABS Whole Business — 0.5%** |
| 355000 | &nbsp;&nbsp; Applebee's Funding LLC/IHOP Funding LLC, <br> Series 2023-1A, Class A2, 7.824%, 3/05/2053(a)<br>| &nbsp;&nbsp; 361178 |
| 160127 | &nbsp;&nbsp; Domino's Pizza Master Issuer LLC, Series 2018-1A, <br> Class A2II, 4.328%, 7/25/2048(a)<br>| &nbsp;&nbsp; 159707 |
| 48375 | &nbsp;&nbsp; EWC Master Issuer LLC, Series 2022-1A, Class A2, <br> 5.500%, 3/15/2052(a)<br>| &nbsp;&nbsp; 47764 |
| 24625 | &nbsp;&nbsp; Hardee's Funding LLC, Series 2024-1A, Class A2, <br> 7.253%, 3/20/2054(a)<br>| &nbsp;&nbsp; 25501 |
| 100000 | &nbsp;&nbsp; Progress Residential Trust, Series 2022-SFR5, <br> Class B, 4.896%, 6/17/2039(a)<br>| &nbsp;&nbsp; 100160 |
| 198500 | &nbsp;&nbsp; Subway Funding LLC, Series 2024-3A, Class A2I, <br> 5.246%, 7/30/2054(a)<br>| &nbsp;&nbsp; 198295 |
| 145000 | &nbsp;&nbsp; Wingstop Funding LLC, Series 2024-1A, Class A2, <br> 5.858%, 12/05/2054(a)<br>| &nbsp;&nbsp; 150229 |
|  |  | &nbsp;&nbsp; 1042834 |
|  | **Aerospace & Defense — 2.2%** | **Aerospace & Defense — 2.2%** |
| 415000 | BAE Systems PLC, 5.300%, 3/26/2034(a) | &nbsp;&nbsp; 430098 |
| 435000 | Boeing Co., 5.150%, 5/01/2030 | &nbsp;&nbsp; 446378 |
| 400000 | Boeing Co., 5.705%, 5/01/2040 | &nbsp;&nbsp; 408153 |
| 1090000 | Boeing Co., 5.805%, 5/01/2050 | &nbsp;&nbsp; 1088979 |
| 25000 | Boeing Co., 5.930%, 5/01/2060 | &nbsp;&nbsp; 24975 |
| 115000 | Boeing Co., 6.388%, 5/01/2031 | &nbsp;&nbsp; 125248 |
| 120000 | Boeing Co., 6.528%, 5/01/2034 | &nbsp;&nbsp; 132656 |
| 500000 | Boeing Co., 6.858%, 5/01/2054 | &nbsp;&nbsp; 570352 |
| 175000 | Boeing Co., 7.008%, 5/01/2064 | &nbsp;&nbsp; 202589 |
| 415000 | L3Harris Technologies, Inc., 5.400%, 7/31/2033 | &nbsp;&nbsp; 432570 |
| 490000 | RTX Corp., 5.150%, 2/27/2033 | &nbsp;&nbsp; 507514 |
|  |  | &nbsp;&nbsp; 4369512 |
|  | **Agency Commercial Mortgage-Backed Securities — 0.1%** | **Agency Commercial Mortgage-Backed Securities — 0.1%** |
| 115000 | &nbsp;&nbsp; Arixa Mortgage Trust, Series 2025-RTL1, Class A1, <br> 5.735%, 8/25/2030(a)<br>| &nbsp;&nbsp; 115642 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Airlines — 0.0%** | **Airlines — 0.0%** |
| $23599 | &nbsp;&nbsp; American Airlines Pass-Through Trust, <br> Series 2016-3, Class B, 3.750%, 4/15/2027<br>| &nbsp;&nbsp; $23534 |
|  | **Automotive — 0.2%** | **Automotive — 0.2%** |
| 80000 | &nbsp;&nbsp; General Motors Financial Co., Inc., <br> 5.850%, 4/06/2030<br>| &nbsp;&nbsp; 83671 |
| 155000 | ZF North America Capital, Inc., 6.750%, 4/23/2030(a) | &nbsp;&nbsp; 151261 |
| 230000 | ZF North America Capital, Inc., 6.875%, 4/23/2032(a) | &nbsp;&nbsp; 220204 |
|  |  | &nbsp;&nbsp; 455136 |
|  | **Banking — 5.1%** | **Banking — 5.1%** |
| 75000 | &nbsp;&nbsp; Bank of America Corp., (fixed rate to 10/25/2034, <br> variable rate thereafter), 5.518%, 10/25/2035<br>| &nbsp;&nbsp; 76822 |
| 375000 | &nbsp;&nbsp; Bank of America Corp., (fixed rate to 3/08/2032, <br> variable rate thereafter), 3.846%, 3/08/2037<br>| &nbsp;&nbsp; 350358 |
| 611000 | &nbsp;&nbsp; Bank of America Corp., (fixed rate to 9/21/2031, <br> variable rate thereafter), 2.482%, 9/21/2036<br>| &nbsp;&nbsp; 530455 |
| 5000 | &nbsp;&nbsp; Bank of America Corp., MTN, (fixed rate to <br> 10/24/2030, variable rate thereafter), <br> 1.922%, 10/24/2031<br>| &nbsp;&nbsp; 4441 |
| 45000 | &nbsp;&nbsp; Bank of America Corp., MTN, (fixed rate to <br> 7/22/2032, variable rate thereafter), <br> 5.015%, 7/22/2033<br>| &nbsp;&nbsp; 45980 |
| 235000 | &nbsp;&nbsp; Bank of America Corp., MTN, (fixed rate to <br> 7/23/2030, variable rate thereafter), <br> 1.898%, 7/23/2031<br>| &nbsp;&nbsp; 209905 |
| 210000 | &nbsp;&nbsp; CaixaBank SA, (fixed rate to 7/03/2035, variable <br> rate thereafter), 5.581%, 7/03/2036(a)<br>| &nbsp;&nbsp; 215088 |
| 315000 | &nbsp;&nbsp; Capital One Financial Corp., (fixed rate to 9/11/2035, <br> variable rate thereafter), 5.197%, 9/11/2036<br>| &nbsp;&nbsp; 311535 |
| 370000 | &nbsp;&nbsp; JPMorgan Chase & Co., (fixed rate to 4/22/2035, <br> variable rate thereafter), 5.572%, 4/22/2036<br>| &nbsp;&nbsp; 389989 |
| 890000 | &nbsp;&nbsp; JPMorgan Chase & Co., Series OO, (fixed rate to <br> 4/01/2030, variable rate thereafter), 6.500%(c)<br>| &nbsp;&nbsp; 921269 |
| 150000 | &nbsp;&nbsp; Morgan Stanley, (fixed rate to 1/19/2033, variable <br> rate thereafter), 5.948%, 1/19/2038<br>| &nbsp;&nbsp; 157272 |
| 290000 | &nbsp;&nbsp; Morgan Stanley, (fixed rate to 10/18/2032, variable <br> rate thereafter), 6.342%, 10/18/2033<br>| &nbsp;&nbsp; 318722 |
| 425000 | &nbsp;&nbsp; Morgan Stanley, (fixed rate to 2/07/2034, variable <br> rate thereafter), 5.942%, 2/07/2039<br>| &nbsp;&nbsp; 444974 |
| 230000 | &nbsp;&nbsp; Morgan Stanley, (fixed rate to 4/19/2034, variable <br> rate thereafter), 5.831%, 4/19/2035<br>| &nbsp;&nbsp; 245190 |
| 345000 | &nbsp;&nbsp; Morgan Stanley, (fixed rate to 4/20/2032, variable <br> rate thereafter), 5.297%, 4/20/2037<br>| &nbsp;&nbsp; 350011 |
| 1205000 | &nbsp;&nbsp; Morgan Stanley, MTN, (fixed rate to 2/13/2031, <br> variable rate thereafter), 1.794%, 2/13/2032<br>| &nbsp;&nbsp; 1050975 |
| 725000 | &nbsp;&nbsp; Societe Generale SA, (fixed rate to 10/03/2035, <br> variable rate thereafter), 5.439%, 10/03/2036(a)<br>| &nbsp;&nbsp; 723122 |
| 120000 | &nbsp;&nbsp; Synchrony Financial, (fixed rate to 3/06/2030, <br> variable rate thereafter), 5.450%, 3/06/2031<br>| &nbsp;&nbsp; 122276 |
| 195000 | &nbsp;&nbsp; Synchrony Financial, (fixed rate to 8/02/2029, <br> variable rate thereafter), 5.935%, 8/02/2030<br>| &nbsp;&nbsp; 202124 |
| 250000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 11/15/2032, variable <br> rate thereafter), 9.016%, 11/15/2033(a)<br>| &nbsp;&nbsp; 313217 |
| 335000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 2/08/2034, variable <br> rate thereafter), 5.699%, 2/08/2035(a)<br>| &nbsp;&nbsp; 352926 |
| 235000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 5/09/2035, variable <br> rate thereafter), 5.580%, 5/09/2036(a)<br>| &nbsp;&nbsp; 244613 |
| 500000 | &nbsp;&nbsp; UBS Group AG, (fixed rate to 8/12/2032, variable <br> rate thereafter), 6.537%, 8/12/2033(a)<br>| &nbsp;&nbsp; 551425 |
| 540000 | &nbsp;&nbsp; UniCredit SpA, (fixed rate to 6/30/2030, variable rate <br> thereafter), 5.459%, 6/30/2035(a)<br>| &nbsp;&nbsp; 544412 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Banking — continued** | **Banking — continued** |
| $960000 | &nbsp;&nbsp; Wells Fargo & Co., (fixed rate to 4/23/2035, variable <br> rate thereafter), 5.605%, 4/23/2036<br>| &nbsp;&nbsp; $1007473 |
| 325000 | &nbsp;&nbsp; Wells Fargo & Co., (fixed rate to 9/15/2035, variable <br> rate thereafter), 4.892%, 9/15/2036<br>| &nbsp;&nbsp; 324350 |
|  |  | &nbsp;&nbsp; 10008924 |
|  | **Brokerage — 1.1%** | **Brokerage — 1.1%** |
| 280000 | BGC Group, Inc., 6.150%, 4/02/2030(a) | &nbsp;&nbsp; 286869 |
| 555000 | Blue Owl Finance LLC, 6.250%, 4/18/2034 | &nbsp;&nbsp; 582042 |
| 140000 | &nbsp;&nbsp; Brookfield Asset Management Ltd., <br> 5.795%, 4/24/2035<br>| &nbsp;&nbsp; 146580 |
| 115000 | Citadel LP, 6.000%, 1/23/2030(a) | &nbsp;&nbsp; 119529 |
| 90000 | Citadel LP, 6.375%, 1/23/2032(a) | &nbsp;&nbsp; 95257 |
| 90000 | Jefferies Financial Group, Inc., 6.200%, 4/14/2034 | &nbsp;&nbsp; 95688 |
| 733000 | Jefferies Financial Group, Inc., 6.250%, 1/15/2036 | &nbsp;&nbsp; 781556 |
|  |  | &nbsp;&nbsp; 2107521 |
|  | **Building Materials — 1.6%** | **Building Materials — 1.6%** |
| 275000 | Amrize Finance U.S. LLC, 5.400%, 4/07/2035(a) | &nbsp;&nbsp; 283287 |
| 655000 | Cemex SAB de CV, 3.875%, 7/11/2031(a) | &nbsp;&nbsp; 621627 |
| 430000 | Cemex SAB de CV, 3.875%, 7/11/2031 | &nbsp;&nbsp; 408091 |
| 310000 | &nbsp;&nbsp; Cemex SAB de CV, (fixed rate to 6/08/2026, variable <br> rate thereafter), 5.125%(a)(c)<br>| &nbsp;&nbsp; 308712 |
| 130000 | &nbsp;&nbsp; JH North America Holdings, Inc., <br> 5.875%, 1/31/2031(a)<br>| &nbsp;&nbsp; 131991 |
| 185000 | &nbsp;&nbsp; JH North America Holdings, Inc., <br> 6.125%, 7/31/2032(a)<br>| &nbsp;&nbsp; 189491 |
| 211000 | Masco Corp., 6.500%, 8/15/2032 | &nbsp;&nbsp; 231578 |
| 778000 | Owens Corning, 7.000%, 12/01/2036 | &nbsp;&nbsp; 889352 |
|  |  | &nbsp;&nbsp; 3064129 |
|  | **Cable Satellite — 1.8%** | **Cable Satellite — 1.8%** |
| 620000 | &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, <br> 3.950%, 6/30/2062<br>| &nbsp;&nbsp; 392255 |
| 155000 | &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, <br> 6.384%, 10/23/2035<br>| &nbsp;&nbsp; 162383 |
| 350000 | &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, <br> 6.550%, 6/01/2034<br>| &nbsp;&nbsp; 373001 |
| 180000 | &nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, <br> 6.650%, 2/01/2034<br>| &nbsp;&nbsp; 192347 |
| 400000 | CSC Holdings LLC, 3.375%, 2/15/2031(a) | &nbsp;&nbsp; 257978 |
| 200000 | CSC Holdings LLC, 4.125%, 12/01/2030(a) | &nbsp;&nbsp; 130971 |
| 800000 | CSC Holdings LLC, 4.625%, 12/01/2030(a) | &nbsp;&nbsp; 280677 |
| 170000 | DISH DBS Corp., 5.250%, 12/01/2026(a) | &nbsp;&nbsp; 167041 |
| 265000 | DISH DBS Corp., 5.750%, 12/01/2028(a) | &nbsp;&nbsp; 254040 |
| 1223109 | EchoStar Corp., 10.750%, 11/30/2029 | &nbsp;&nbsp; 1345628 |
| 35000 | Time Warner Cable LLC, 6.550%, 5/01/2037 | &nbsp;&nbsp; 36409 |
|  |  | &nbsp;&nbsp; 3592730 |
|  | **Collateralized Mortgage Obligations — 0.1%** | **Collateralized Mortgage Obligations — 0.1%** |
| 88908 | &nbsp;&nbsp; Federal Home Loan Mortgage Corp., Series 2912, <br> Class EH, REMICS, 5.500%, 1/15/2035(d)<br>| &nbsp;&nbsp; 91887 |
| 101511 | &nbsp;&nbsp; Verus Securitization Trust, Series 2021-5, Class A1, <br> 1.013%, 9/25/2066(a)(b)<br>| &nbsp;&nbsp; 88397 |
|  |  | &nbsp;&nbsp; 180284 |
|  | **Construction Machinery — 0.6%** | **Construction Machinery — 0.6%** |
| 200000 | Ashtead Capital, Inc., 5.500%, 8/11/2032(a) | &nbsp;&nbsp; 206969 |
| 200000 | Ashtead Capital, Inc., 5.800%, 4/15/2034(a) | &nbsp;&nbsp; 209555 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Construction Machinery — continued** | **Construction Machinery — continued** |
| $200000 | Ashtead Capital, Inc., 5.950%, 10/15/2033(a) | &nbsp;&nbsp; $211405 |
| 475000 | &nbsp;&nbsp; United Rentals North America, Inc., <br> 6.125%, 3/15/2034(a)<br>| &nbsp;&nbsp; 493916 |
|  |  | &nbsp;&nbsp; 1121845 |
|  | **Consumer Cyclical Services — 0.9%** | **Consumer Cyclical Services — 0.9%** |
| 330000 | Expedia Group, Inc., 2.950%, 3/15/2031 | &nbsp;&nbsp; 305950 |
| 980000 | Expedia Group, Inc., 5.400%, 2/15/2035 | &nbsp;&nbsp; 1005690 |
| 300000 | Uber Technologies, Inc., 4.800%, 9/15/2034 | &nbsp;&nbsp; 300563 |
| 155000 | Uber Technologies, Inc., 4.800%, 9/15/2035 | &nbsp;&nbsp; 153594 |
|  |  | &nbsp;&nbsp; 1765797 |
|  | **Consumer Products — 0.0%** | **Consumer Products — 0.0%** |
| 20000 | Whirlpool Corp., 6.125%, 6/15/2030 | &nbsp;&nbsp; 20156 |
| 20000 | Whirlpool Corp., 6.500%, 6/15/2033 | &nbsp;&nbsp; 19959 |
|  |  | &nbsp;&nbsp; 40115 |
|  | **Diversified Manufacturing — 0.2%** | **Diversified Manufacturing — 0.2%** |
| 315000 | Amphenol Corp., 5.000%, 1/15/2035 | &nbsp;&nbsp; 321395 |
| 85000 | Otis Worldwide Corp., 5.131%, 9/04/2035 | &nbsp;&nbsp; 86004 |
|  |  | &nbsp;&nbsp; 407399 |
|  | **Electric — 0.3%** | **Electric — 0.3%** |
| 140000 | Pacific Gas & Electric Co., 3.250%, 6/01/2031 | &nbsp;&nbsp; 128736 |
| 200000 | Pacific Gas & Electric Co., 4.300%, 3/15/2045 | &nbsp;&nbsp; 160458 |
| 45000 | Pacific Gas & Electric Co., 4.550%, 7/01/2030 | &nbsp;&nbsp; 44688 |
| 190000 | Southern Power Co., Series B, 4.900%, 10/01/2035 | &nbsp;&nbsp; 187378 |
| 90000 | Vistra Operations Co. LLC, 5.700%, 12/30/2034(a) | &nbsp;&nbsp; 93134 |
|  |  | &nbsp;&nbsp; 614394 |
|  | **Environmental — 0.0%** | **Environmental — 0.0%** |
| 70000 | GFL Environmental, Inc., 6.750%, 1/15/2031(a) | &nbsp;&nbsp; 73249 |
|  | **Finance Companies — 3.7%** | **Finance Companies — 3.7%** |
| 550000 | &nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, 3.300%, 1/30/2032<br>| &nbsp;&nbsp; 506491 |
| 600000 | &nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, 3.400%, 10/29/2033<br>| &nbsp;&nbsp; 539106 |
| 1155000 | &nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, 4.950%, 9/10/2034<br>| &nbsp;&nbsp; 1149696 |
| 155000 | &nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, 5.375%, 12/15/2031<br>| &nbsp;&nbsp; 160307 |
| 125000 | Aircastle Ltd., 5.950%, 2/15/2029(a) | &nbsp;&nbsp; 130363 |
| 420000 | Aircastle Ltd., 6.500%, 7/18/2028(a) | &nbsp;&nbsp; 441353 |
| 150000 | &nbsp;&nbsp; Aircastle Ltd./Aircastle Ireland DAC, <br> 5.250%, 3/15/2030(a)<br>| &nbsp;&nbsp; 153019 |
| 150000 | &nbsp;&nbsp; Aircastle Ltd./Aircastle Ireland DAC, <br> 5.750%, 10/01/2031(a)<br>| &nbsp;&nbsp; 156259 |
| 265000 | Aviation Capital Group LLC, 4.800%, 10/24/2030(a) | &nbsp;&nbsp; 264757 |
| 10000 | Aviation Capital Group LLC, 5.125%, 4/10/2030(a) | &nbsp;&nbsp; 10152 |
| 170000 | Aviation Capital Group LLC, 6.250%, 4/15/2028(a) | &nbsp;&nbsp; 177109 |
| 550000 | Aviation Capital Group LLC, 6.750%, 10/25/2028(a) | &nbsp;&nbsp; 584969 |
| 165000 | Avolon Holdings Funding Ltd., 5.375%, 5/30/2030(a) | &nbsp;&nbsp; 169255 |
| 95000 | &nbsp;&nbsp; Macquarie Airfinance Holdings Ltd., <br> 5.150%, 3/17/2030(a)<br>| &nbsp;&nbsp; 96328 |
| 305000 | &nbsp;&nbsp; Macquarie Airfinance Holdings Ltd., <br> 5.200%, 3/27/2028(a)<br>| &nbsp;&nbsp; 310197 |
| 230000 | &nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, <br> Inc., 3.625%, 3/01/2029(a)<br>| &nbsp;&nbsp; 219357 |
| 925000 | &nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, <br> Inc., 3.875%, 3/01/2031(a)<br>| &nbsp;&nbsp; 863806 |
| 865000 | &nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, <br> Inc., 4.000%, 10/15/2033(a)<br>| &nbsp;&nbsp; 789990 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Finance Companies — continued** | **Finance Companies — continued** |
| $295000 | &nbsp;&nbsp; SMBC Aviation Capital Finance DAC, <br> 5.100%, 4/01/2030(a)<br>| &nbsp;&nbsp; $301463 |
| 300000 | &nbsp;&nbsp; SMBC Aviation Capital Finance DAC, <br> 5.450%, 5/03/2028(a)<br>| &nbsp;&nbsp; 307543 |
|  |  | &nbsp;&nbsp; 7331520 |
|  | **Financial Other — 0.0%** | **Financial Other — 0.0%** |
| 200000 | CIFI Holdings Group Co. Ltd., 6.450%, 11/07/2024(e) | &nbsp;&nbsp; 20406 |
| 200000 | &nbsp;&nbsp; Country Garden Holdings Co. Ltd., <br> 3.300%, 1/12/2031(e)<br>| &nbsp;&nbsp; 21030 |
| 8000 | &nbsp;&nbsp; Shimao Group Holdings Ltd., 6.000% PIK and/or <br> 5.000% Cash, 7/21/2031(a)(f)<br>| &nbsp;&nbsp; 335 |
| 62272 | &nbsp;&nbsp; Sino-Ocean Group Holding Ltd., <br> 3.000%, 3/27/2033(a)<br>| &nbsp;&nbsp; 8088 |
| 200000 | Times China Holdings Ltd., 5.750%, 1/14/2027(e) | &nbsp;&nbsp; 6500 |
| 200000 | Times China Holdings Ltd., 6.200%, 3/22/2026(e) | &nbsp;&nbsp; 6700 |
|  |  | &nbsp;&nbsp; 63059 |
|  | **Food & Beverage — 1.0%** | **Food & Beverage — 1.0%** |
| 185000 | &nbsp;&nbsp; JBS USA Holding Lux SARL/JBS USA Food Co./JBS <br> Lux Co. SARL, 3.000%, 2/02/2029<br>| &nbsp;&nbsp; 177332 |
| 225000 | &nbsp;&nbsp; JBS USA Holding Lux SARL/JBS USA Food Co./JBS <br> Lux Co. SARL, 3.750%, 12/01/2031<br>| &nbsp;&nbsp; 212557 |
| 205000 | &nbsp;&nbsp; JBS USA Holding Lux SARL/JBS USA Food Co./JBS <br> Lux Co. SARL, 6.750%, 3/15/2034<br>| &nbsp;&nbsp; 226628 |
| 290000 | &nbsp;&nbsp; JBS USA Holding Lux SARL/JBS USA Foods Group <br> Holdings, Inc./JBS USA Food Co., <br> 5.500%, 1/15/2036(a)<br>| &nbsp;&nbsp; 296151 |
| 245000 | &nbsp;&nbsp; JBS USA LUX SARL/JBS USA Food Co./JBS USA <br> Foods Group, 5.950%, 4/20/2035(a)<br>| &nbsp;&nbsp; 257373 |
| 300000 | Pilgrim's Pride Corp., 3.500%, 3/01/2032 | &nbsp;&nbsp; 274601 |
| 395000 | Pilgrim's Pride Corp., 4.250%, 4/15/2031 | &nbsp;&nbsp; 381784 |
| 45000 | Pilgrim's Pride Corp., 6.875%, 5/15/2034 | &nbsp;&nbsp; 49684 |
|  |  | &nbsp;&nbsp; 1876110 |
|  | **Gaming — 0.1%** | **Gaming — 0.1%** |
| 190000 | &nbsp;&nbsp; GLP Capital LP/GLP Financing II, Inc., <br> 3.250%, 1/15/2032<br>| &nbsp;&nbsp; 170938 |
| 50000 | &nbsp;&nbsp; GLP Capital LP/GLP Financing II, Inc., <br> 6.750%, 12/01/2033<br>| &nbsp;&nbsp; 54178 |
| 45000 | VICI Properties LP, 5.125%, 5/15/2032 | &nbsp;&nbsp; 45443 |
|  |  | &nbsp;&nbsp; 270559 |
|  | **Government Owned - No Guarantee — 0.5%** | **Government Owned - No Guarantee — 0.5%** |
| 955000 | Antares Holdings LP, 3.750%, 7/15/2027(a) | &nbsp;&nbsp; 928587 |
|  | **Health Insurance — 0.8%** | **Health Insurance — 0.8%** |
| 20000 | Centene Corp., 2.450%, 7/15/2028 | &nbsp;&nbsp; 18585 |
| 520000 | Centene Corp., 2.500%, 3/01/2031 | &nbsp;&nbsp; 447935 |
| 260000 | Centene Corp., 3.000%, 10/15/2030 | &nbsp;&nbsp; 232320 |
| 220000 | Centene Corp., 3.375%, 2/15/2030 | &nbsp;&nbsp; 202331 |
| 650000 | Centene Corp., 4.625%, 12/15/2029 | &nbsp;&nbsp; 630094 |
|  |  | &nbsp;&nbsp; 1531265 |
|  | **Healthcare — 0.7%** | **Healthcare — 0.7%** |
| 55000 | HCA, Inc., 2.375%, 7/15/2031 | &nbsp;&nbsp; 48792 |
| 205000 | HCA, Inc., 5.125%, 6/15/2039 | &nbsp;&nbsp; 197530 |
| 125000 | HCA, Inc., 5.450%, 9/15/2034 | &nbsp;&nbsp; 128224 |
| 50000 | HCA, Inc., 5.500%, 6/01/2033 | &nbsp;&nbsp; 51947 |
| 815000 | HCA, Inc., 5.600%, 4/01/2034 | &nbsp;&nbsp; 846039 |
| 175000 | HCA, Inc., 5.750%, 3/01/2035 | &nbsp;&nbsp; 182958 |
|  |  | &nbsp;&nbsp; 1455490 |
|  | **Home Construction — 1.3%** | **Home Construction — 1.3%** |
| 295000 | DR Horton, Inc., 5.000%, 10/15/2034 | &nbsp;&nbsp; 298363 |
| 170000 | DR Horton, Inc., 5.500%, 10/15/2035 | &nbsp;&nbsp; 176256 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Home Construction — continued** | **Home Construction — continued** |
| $325000 | MDC Holdings, Inc., 6.000%, 1/15/2043 | &nbsp;&nbsp; $309300 |
| 285000 | Meritage Homes Corp., 3.875%, 4/15/2029(a) | &nbsp;&nbsp; 277445 |
| 525000 | Meritage Homes Corp., 5.650%, 3/15/2035 | &nbsp;&nbsp; 533069 |
| 981000 | PulteGroup, Inc., 6.000%, 2/15/2035 | &nbsp;&nbsp; 1051367 |
|  |  | &nbsp;&nbsp; 2645800 |
|  | **Hybrid ARMs — 0.0%** | **Hybrid ARMs — 0.0%** |
| 889 | &nbsp;&nbsp; Federal National Mortgage Association, 6 mo. USD <br> RFUCCT + 1.460%, 6.085%, 2/01/2037(b)<br>| &nbsp;&nbsp; 905 |
| 4550 | &nbsp;&nbsp; Federal National Mortgage Association, 1 yr. USD <br> RFUCCT + 1.836%, 6.651%, 9/01/2036(b)<br>| &nbsp;&nbsp; 4695 |
|  |  | &nbsp;&nbsp; 5600 |
|  | **Independent Energy — 3.5%** | **Independent Energy — 3.5%** |
| 520000 | Aker BP ASA, 5.125%, 10/01/2034(a) | &nbsp;&nbsp; 511150 |
| 1150000 | &nbsp;&nbsp; Canadian Natural Resources Ltd., <br> 5.400%, 12/15/2034(a)<br>| &nbsp;&nbsp; 1171218 |
| 100000 | Civitas Resources, Inc., 8.375%, 7/01/2028(a) | &nbsp;&nbsp; 103655 |
| 1350000 | Continental Resources, Inc., 2.875%, 4/01/2032(a) | &nbsp;&nbsp; 1176401 |
| 1625000 | Continental Resources, Inc., 5.750%, 1/15/2031(a) | &nbsp;&nbsp; 1675755 |
| 280000 | Energean Israel Finance Ltd., 5.375%, 3/30/2028 | &nbsp;&nbsp; 275058 |
| 370000 | Energean Israel Finance Ltd., 5.875%, 3/30/2031 | &nbsp;&nbsp; 354066 |
| 385000 | EQT Corp., 3.625%, 5/15/2031(a) | &nbsp;&nbsp; 360004 |
| 15000 | Matador Resources Co., 6.500%, 4/15/2032(a) | &nbsp;&nbsp; 15143 |
| 385000 | Var Energi ASA, 8.000%, 11/15/2032(a) | &nbsp;&nbsp; 446808 |
| 750000 | Viper Energy Partners LLC, 5.700%, 8/01/2035 | &nbsp;&nbsp; 762540 |
|  |  | &nbsp;&nbsp; 6851798 |
|  | **Leisure — 2.2%** | **Leisure — 2.2%** |
| 280000 | Carnival Corp., 4.000%, 8/01/2028(a) | &nbsp;&nbsp; 275998 |
| 565000 | Carnival Corp., 5.750%, 3/15/2030(a) | &nbsp;&nbsp; 576857 |
| 325000 | Carnival Corp., 5.750%, 8/01/2032(a) | &nbsp;&nbsp; 330745 |
| 790000 | Carnival Corp., 6.125%, 2/15/2033(a) | &nbsp;&nbsp; 809778 |
| 70000 | Carnival Corp., 7.000%, 8/15/2029(a) | &nbsp;&nbsp; 73637 |
| 40000 | Royal Caribbean Cruises Ltd., 5.375%, 1/15/2036 | &nbsp;&nbsp; 40233 |
| 235000 | Royal Caribbean Cruises Ltd., 5.500%, 4/01/2028(a) | &nbsp;&nbsp; 239574 |
| 700000 | Royal Caribbean Cruises Ltd., 5.625%, 9/30/2031(a) | &nbsp;&nbsp; 713776 |
| 1050000 | Royal Caribbean Cruises Ltd., 6.000%, 2/01/2033(a) | &nbsp;&nbsp; 1076756 |
| 185000 | Royal Caribbean Cruises Ltd., 6.250%, 3/15/2032(a) | &nbsp;&nbsp; 190997 |
|  |  | &nbsp;&nbsp; 4328351 |
|  | **Life Insurance — 1.9%** | **Life Insurance — 1.9%** |
| 159000 | Brighthouse Financial, Inc., 4.700%, 6/22/2047 | &nbsp;&nbsp; 126728 |
| 1488000 | National Life Insurance Co., 10.500%, 9/15/2039(a) | &nbsp;&nbsp; 1975127 |
| 1560000 | NLV Financial Corp., 7.500%, 8/15/2033(a) | &nbsp;&nbsp; 1701664 |
|  |  | &nbsp;&nbsp; 3803519 |
|  | **Lodging — 0.5%** | **Lodging — 0.5%** |
| 95000 | Choice Hotels International, Inc., 5.850%, 8/01/2034 | &nbsp;&nbsp; 97160 |
| 195000 | Marriott International, Inc., 5.300%, 5/15/2034 | &nbsp;&nbsp; 200288 |
| 475000 | Marriott International, Inc., 5.500%, 4/15/2037 | &nbsp;&nbsp; 485421 |
| 165000 | &nbsp;&nbsp; Marriott International, Inc., Series HH, <br> 2.850%, 4/15/2031<br>| &nbsp;&nbsp; 151839 |
| 40000 | &nbsp;&nbsp; Marriott Ownership Resorts, Inc., <br> 4.500%, 6/15/2029(a)<br>| &nbsp;&nbsp; 38598 |
|  |  | &nbsp;&nbsp; 973306 |
|  | **Media Entertainment — 0.8%** | **Media Entertainment — 0.8%** |
| 240000 | AppLovin Corp., 5.375%, 12/01/2031 | &nbsp;&nbsp; 248274 |
| 1210000 | AppLovin Corp., 5.500%, 12/01/2034 | &nbsp;&nbsp; 1249018 |
| 180000 | Warnermedia Holdings, Inc., 4.279%, 3/15/2032 | &nbsp;&nbsp; 164925 |
|  |  | &nbsp;&nbsp; 1662217 |
|  | **Metals & Mining — 2.4%** | **Metals & Mining — 2.4%** |
| 1035000 | Glencore Funding LLC, 2.500%, 9/01/2030(a) | &nbsp;&nbsp; 944883 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Metals & Mining — continued** | **Metals & Mining — continued** |
| $645000 | Glencore Funding LLC, 2.850%, 4/27/2031(a) | &nbsp;&nbsp; $591617 |
| 270000 | Glencore Funding LLC, 5.673%, 4/01/2035(a) | &nbsp;&nbsp; 280620 |
| 250000 | Glencore Funding LLC, 5.700%, 5/08/2033(a) | &nbsp;&nbsp; 264025 |
| 650000 | Glencore Funding LLC, 6.375%, 10/06/2030(a) | &nbsp;&nbsp; 701589 |
| 1340000 | Glencore Funding LLC, 6.500%, 10/06/2033(a) | &nbsp;&nbsp; 1476674 |
| 210000 | Steel Dynamics, Inc., 5.250%, 5/15/2035 | &nbsp;&nbsp; 214582 |
| 330000 | Steel Dynamics, Inc., 5.375%, 8/15/2034 | &nbsp;&nbsp; 341153 |
|  |  | &nbsp;&nbsp; 4815143 |
|  | **Midstream — 3.3%** | **Midstream — 3.3%** |
| 205000 | Cheniere Energy Partners LP, 3.250%, 1/31/2032 | &nbsp;&nbsp; 186757 |
| 285000 | Cheniere Energy Partners LP, 4.000%, 3/01/2031 | &nbsp;&nbsp; 274845 |
| 85000 | Cheniere Energy Partners LP, 5.950%, 6/30/2033 | &nbsp;&nbsp; 89981 |
| 240000 | DCP Midstream Operating LP, 3.250%, 2/15/2032 | &nbsp;&nbsp; 218718 |
| 125000 | DCP Midstream Operating LP, 6.450%, 11/03/2036(a) | &nbsp;&nbsp; 131881 |
| 588000 | Energy Transfer LP, 5.000%, 5/15/2044 | &nbsp;&nbsp; 520674 |
| 420000 | Energy Transfer LP, 5.600%, 9/01/2034 | &nbsp;&nbsp; 431050 |
| 465000 | Energy Transfer LP, 5.700%, 4/01/2035 | &nbsp;&nbsp; 480149 |
| 150000 | Energy Transfer LP, 6.550%, 12/01/2033 | &nbsp;&nbsp; 164068 |
| 45000 | MPLX LP, 5.000%, 3/01/2033 | &nbsp;&nbsp; 45011 |
| 43000 | ONEOK Partners LP, 6.200%, 9/15/2043 | &nbsp;&nbsp; 44053 |
| 5000 | &nbsp;&nbsp; Plains All American Pipeline LP/PAA Finance Corp., <br> 4.300%, 1/31/2043<br>| &nbsp;&nbsp; 4074 |
| 95000 | Targa Resources Corp., 5.500%, 2/15/2035 | &nbsp;&nbsp; 96667 |
| 785000 | Targa Resources Corp., 5.550%, 8/15/2035 | &nbsp;&nbsp; 800637 |
| 420000 | Targa Resources Corp., 6.125%, 3/15/2033 | &nbsp;&nbsp; 446653 |
| 310000 | &nbsp;&nbsp; Venture Global Calcasieu Pass LLC, <br> 3.875%, 11/01/2033(a)<br>| &nbsp;&nbsp; 279318 |
| 80000 | &nbsp;&nbsp; Venture Global Calcasieu Pass LLC, <br> 4.125%, 8/15/2031(a)<br>| &nbsp;&nbsp; 75508 |
| 75000 | &nbsp;&nbsp; Venture Global Calcasieu Pass LLC, <br> 6.250%, 1/15/2030(a)<br>| &nbsp;&nbsp; 78191 |
| 170000 | &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, <br> 6.500%, 1/15/2034(a)<br>| &nbsp;&nbsp; 178952 |
| 250000 | &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, <br> 7.500%, 5/01/2033(a)<br>| &nbsp;&nbsp; 276253 |
| 180000 | &nbsp;&nbsp; Venture Global Plaquemines LNG LLC, <br> 7.750%, 5/01/2035(a)<br>| &nbsp;&nbsp; 203167 |
| 120000 | &nbsp;&nbsp; Western Midstream Operating LP, <br> 5.250%, 2/01/2050<br>| &nbsp;&nbsp; 104437 |
| 195000 | &nbsp;&nbsp; Western Midstream Operating LP, <br> 5.300%, 3/01/2048<br>| &nbsp;&nbsp; 169628 |
| 35000 | &nbsp;&nbsp; Western Midstream Operating LP, <br> 5.450%, 4/01/2044<br>| &nbsp;&nbsp; 31732 |
| 25000 | &nbsp;&nbsp; Western Midstream Operating LP, <br> 5.500%, 8/15/2048<br>| &nbsp;&nbsp; 22254 |
| 340000 | &nbsp;&nbsp; Western Midstream Operating LP, <br> 6.150%, 4/01/2033<br>| &nbsp;&nbsp; 359183 |
| 110000 | Whistler Pipeline LLC, 5.700%, 9/30/2031(a) | &nbsp;&nbsp; 114355 |
| 120000 | Whistler Pipeline LLC, 5.950%, 9/30/2034(a) | &nbsp;&nbsp; 123684 |
| 565000 | Williams Cos., Inc., 5.150%, 3/15/2034 | &nbsp;&nbsp; 573600 |
|  |  | &nbsp;&nbsp; 6525480 |
|  | **Non-Agency Commercial Mortgage-Backed** <br> **Securities — 2.8%** | **Non-Agency Commercial Mortgage-Backed** <br> **Securities — 2.8%** |
| 95000 | &nbsp;&nbsp; BPR Trust, Series 2021-NRD, Class B, 1 mo. USD <br> SOFR + 2.124%, 6.275%, 12/15/2038(a)(b)<br>| &nbsp;&nbsp; 94329 |
| 105000 | &nbsp;&nbsp; BPR Trust, Series 2021-NRD, Class C, 1 mo. USD <br> SOFR + 2.424%, 6.575%, 12/15/2038(a)(b)<br>| &nbsp;&nbsp; 103668 |
| 65000 | &nbsp;&nbsp; BPR Trust, Series 2021-NRD, Class D, 1 mo. USD <br> SOFR + 3.723%, 7.874%, 12/15/2038(a)(b)<br>| &nbsp;&nbsp; 64056 |
| 290000 | &nbsp;&nbsp; BPR Trust, Series 2022-STAR, Class A, 1 mo. USD <br> SOFR + 3.232%, 7.382%, 8/15/2039(a)(b)<br>| &nbsp;&nbsp; 289965 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | &nbsp;&nbsp; **Non-Agency Commercial Mortgage-Backed** <br> **Securities — continued** | &nbsp;&nbsp; **Non-Agency Commercial Mortgage-Backed** <br> **Securities — continued** |
| $170000 | &nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2024-VLT5, <br> Class A, 5.591%, 11/13/2046(a)(b)<br>| &nbsp;&nbsp; $173168 |
| 200000 | &nbsp;&nbsp; BX Trust, Series 2024-VLT4, Class A, 1 mo. USD <br> SOFR + 1.491%, 5.642%, 6/15/2041(a)(b)<br>| &nbsp;&nbsp; 200125 |
| 720000 | &nbsp;&nbsp; BX Trust, Series 2025-VLT7, Class A, 1 mo. USD <br> SOFR + 1.700%, 5.850%, 7/15/2044(a)(b)<br>| &nbsp;&nbsp; 721517 |
| 110000 | &nbsp;&nbsp; BX Trust, Series 2025-VLT7, Class B, 1 mo. USD <br> SOFR + 2.000%, 6.150%, 7/15/2044(a)(b)<br>| &nbsp;&nbsp; 110230 |
| 800000 | &nbsp;&nbsp; CHI Commercial Mortgage Trust, Series 2025-SFT, <br> Class A, 5.665%, 4/15/2042(a)(b)<br>| &nbsp;&nbsp; 820056 |
| 100000 | &nbsp;&nbsp; Credit Suisse Mortgage Trust, Series 2014-USA, <br> Class B, 4.185%, 9/15/2037(a)<br>| &nbsp;&nbsp; 85975 |
| 205000 | &nbsp;&nbsp; DC Commercial Mortgage Trust, Series 2023-DC, <br> Class B, 6.804%, 9/12/2040(a)<br>| &nbsp;&nbsp; 215425 |
| 84328 | &nbsp;&nbsp; Extended Stay America Trust, Series 2021-ESH, <br> Class A, 1 mo. USD SOFR + 1.194%, <br> 5.345%, 7/15/2038(a)(b)<br>| &nbsp;&nbsp; 84328 |
| 105409 | &nbsp;&nbsp; Extended Stay America Trust, Series 2021-ESH, <br> Class B, 1 mo. USD SOFR + 1.494%, <br> 5.645%, 7/15/2038(a)(b)<br>| &nbsp;&nbsp; 105410 |
| 118059 | &nbsp;&nbsp; Extended Stay America Trust, Series 2021-ESH, <br> Class C, 1 mo. USD SOFR + 1.814%, <br> 5.965%, 7/15/2038(a)(b)<br>| &nbsp;&nbsp; 118059 |
| 337310 | &nbsp;&nbsp; Extended Stay America Trust, Series 2021-ESH, <br> Class D, 1 mo. USD SOFR + 2.364%, <br> 6.515%, 7/15/2038(a)(b)<br>| &nbsp;&nbsp; 337310 |
| 100000 | &nbsp;&nbsp; Extended Stay America Trust, Series 2025-ESH, <br> Class A, 1 mo. USD SOFR + 1.300%, <br> 5.450%, 10/15/2042(a)(b)<br>| &nbsp;&nbsp; 100000 |
| 100177 | &nbsp;&nbsp; GS Mortgage Securities Corp. Trust, <br> Series 2012-BWTR, Class A, 2.954%, 11/05/2034(a)<br>| &nbsp;&nbsp; 85891 |
| 115000 | &nbsp;&nbsp; GS Mortgage Securities Corp. Trust, <br> Series 2013-PEMB, Class A, 3.668%, 3/05/2033(a)(b)<br>| &nbsp;&nbsp; 97175 |
| 125000 | &nbsp;&nbsp; GS Mortgage Securities Corp. Trust, <br> Series 2013-PEMB, Class B, 3.668%, 3/05/2033(a)(b)<br>| &nbsp;&nbsp; 72500 |
| 149341 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust, Series 2012-LC9, Class C, <br> 3.689%, 12/15/2047(a)(b)<br>| &nbsp;&nbsp; 144868 |
| 200000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust, Series 2025-BMS, Class A, 1 mo. <br> USD SOFR + 1.600%, 5.750%, 1/15/2042(a)(b)<br>| &nbsp;&nbsp; 199615 |
| 100000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage <br> Securities Trust, Series 2025-BMS, Class B, 1 mo. <br> USD SOFR + 2.000%, 6.150%, 1/15/2042(a)(b)<br>| &nbsp;&nbsp; 99771 |
| 89751 | &nbsp;&nbsp; JPMBB Commercial Mortgage Securities Trust, <br> Series 2015-C32, Class A5, 3.598%, 11/15/2048<br>| &nbsp;&nbsp; 89033 |
| 100000 | &nbsp;&nbsp; LEX Mortgage Trust, Series 2024-BBG, Class A, <br> 5.036%, 10/13/2033(a)(b)<br>| &nbsp;&nbsp; 100713 |
| 12034 | &nbsp;&nbsp; Morgan Stanley Bank of America Merrill Lynch <br> Trust, Series 2013-C12, Class C, <br> 4.859%, 10/15/2046(b)<br>| &nbsp;&nbsp; 11432 |
| 495000 | &nbsp;&nbsp; Morgan Stanley Bank of America Merrill Lynch <br> Trust, Series 2016-C30, Class C, <br> 4.141%, 9/15/2049(b)<br>| &nbsp;&nbsp; 437607 |
| 81324 | &nbsp;&nbsp; MSBAM Commercial Mortgage Securities Trust, <br> Series 2012-CKSV, Class A2, 3.277%, 10/15/2030(a)<br>| &nbsp;&nbsp; 77461 |
| 100000 | &nbsp;&nbsp; New Economy Assets - Phase 1 Sponsor LLC, <br> Series 2021-1, Class A1, 1.910%, 10/20/2061(a)<br>| &nbsp;&nbsp; 83415 |
| 105000 | &nbsp;&nbsp; SCOTT Trust, Series 2023-SFS, Class A, <br> 5.910%, 3/10/2040(a)<br>| &nbsp;&nbsp; 107980 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | &nbsp;&nbsp; **Non-Agency Commercial Mortgage-Backed** <br> **Securities — continued** | &nbsp;&nbsp; **Non-Agency Commercial Mortgage-Backed** <br> **Securities — continued** |
| $125000 | &nbsp;&nbsp; TCO Commercial Mortgage Trust, <br> Series 2024-DPM, Class A, 1 mo. USD SOFR + <br> 1.243%, 5.393%, 12/15/2039(a)(b)<br>| &nbsp;&nbsp; $125313 |
| 3841 | &nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust, <br> Series 2013-LC12, Class B, 3.913%, 7/15/2046(b)<br>| &nbsp;&nbsp; 3726 |
| 23890 | &nbsp;&nbsp; WFRBS Commercial Mortgage Trust, <br> Series 2011-C3, Class D, 6.050%, 3/15/2044(a)(b)<br>| &nbsp;&nbsp; 8600 |
| 140067 | &nbsp;&nbsp; WFRBS Commercial Mortgage Trust, <br> Series 2013-C15, Class B, 4.284%, 8/15/2046(b)<br>| &nbsp;&nbsp; 134950 |
| 112100 | &nbsp;&nbsp; WFRBS Commercial Mortgage Trust, <br> Series 2014-C20, Class B, 4.378%, 5/15/2047<br>| &nbsp;&nbsp; 100471 |
|  |  | &nbsp;&nbsp; 5604142 |
|  | **Office REITs — 0.0%** | **Office REITs — 0.0%** |
| 85000 | COPT Defense Properties LP, 2.750%, 4/15/2031 | &nbsp;&nbsp; 76949 |
|  | **Oil Field Services — 0.4%** | **Oil Field Services — 0.4%** |
| 820000 | Helmerich & Payne, Inc., 5.500%, 12/01/2034 | &nbsp;&nbsp; 803464 |
|  | **Other REITs — 0.5%** | **Other REITs — 0.5%** |
| 125000 | Extra Space Storage LP, 2.350%, 3/15/2032 | &nbsp;&nbsp; 108485 |
| 260000 | Extra Space Storage LP, 5.900%, 1/15/2031 | &nbsp;&nbsp; 276236 |
| 610000 | Host Hotels & Resorts LP, 5.500%, 4/15/2035 | &nbsp;&nbsp; 614024 |
|  |  | &nbsp;&nbsp; 998745 |
|  | **Pharmaceuticals — 1.0%** | **Pharmaceuticals — 1.0%** |
| 75000 | Bausch Health Cos., Inc., 4.875%, 6/01/2028(a) | &nbsp;&nbsp; 67125 |
| 210000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Co. LLC, <br> 6.150%, 2/01/2036<br>| &nbsp;&nbsp; 219887 |
| 1165000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, <br> 4.100%, 10/01/2046<br>| &nbsp;&nbsp; 869451 |
| 200000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, <br> 5.125%, 5/09/2029<br>| &nbsp;&nbsp; 201062 |
| 400000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, <br> 7.875%, 9/15/2029<br>| &nbsp;&nbsp; 436518 |
| 200000 | &nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, <br> 8.125%, 9/15/2031<br>| &nbsp;&nbsp; 228674 |
|  |  | &nbsp;&nbsp; 2022717 |
|  | **Property & Casualty Insurance — 0.8%** | **Property & Casualty Insurance — 0.8%** |
| 50000 | Arthur J Gallagher & Co., 5.000%, 2/15/2032 | &nbsp;&nbsp; 51014 |
| 130000 | Arthur J Gallagher & Co., 5.150%, 2/15/2035 | &nbsp;&nbsp; 131537 |
| 110000 | Arthur J Gallagher & Co., 5.450%, 7/15/2034 | &nbsp;&nbsp; 113913 |
| 85000 | Brown & Brown, Inc., 5.550%, 6/23/2035 | &nbsp;&nbsp; 87435 |
| 605000 | Marsh & McLennan Cos., Inc., 5.000%, 3/15/2035 | &nbsp;&nbsp; 612399 |
| 555000 | &nbsp;&nbsp; Stewart Information Services Corp., <br> 3.600%, 11/15/2031<br>| &nbsp;&nbsp; 497168 |
|  |  | &nbsp;&nbsp; 1493466 |
|  | **School District — 0.1%** | **School District — 0.1%** |
| 230000 | AppLovin Corp., 5.125%, 12/01/2029 | &nbsp;&nbsp; 235291 |
|  | **Sovereigns — 2.8%** | **Sovereigns — 2.8%** |
| 200000 | &nbsp;&nbsp; Chile Government International Bonds, <br> 3.100%, 1/22/2061<br>| &nbsp;&nbsp; 123570 |
| 600000 | &nbsp;&nbsp; Chile Government International Bonds, <br> 3.250%, 9/21/2071<br>| &nbsp;&nbsp; 372420 |
| 710000 | &nbsp;&nbsp; Chile Government International Bonds, <br> 5.650%, 1/13/2037<br>| &nbsp;&nbsp; 745961 |
| 405000 | Kuwait International Bonds, 4.652%, 10/09/2035 | &nbsp;&nbsp; 405000 |
| 225000 | &nbsp;&nbsp; Kyrgyz Republic International Bonds, <br> 7.750%, 6/03/2030(a)<br>| &nbsp;&nbsp; 226717 |
| 635000 | &nbsp;&nbsp; Mexico Government International Bonds, <br> 5.375%, 3/22/2033<br>| &nbsp;&nbsp; 633095 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Sovereigns — continued** | **Sovereigns — continued** |
| $400000 | &nbsp;&nbsp; Philippines Government International Bonds, <br> 5.900%, 2/04/2050<br>| &nbsp;&nbsp; $426073 |
| 200000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 3.700%, 11/25/2030<br>| &nbsp;&nbsp; 184671 |
| 200000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 3.900%, 10/19/2031<br>| &nbsp;&nbsp; 183703 |
| 120000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 5.100%, 2/25/2029, (EUR)<br>| &nbsp;&nbsp; 146329 |
| 330000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 5.375%, 5/29/2027, (EUR)(a)<br>| &nbsp;&nbsp; 399629 |
| 420000 | &nbsp;&nbsp; Republic of Uzbekistan International Bonds, <br> 6.900%, 2/28/2032(a)<br>| &nbsp;&nbsp; 451517 |
| 615000 | &nbsp;&nbsp; Romania Government International Bonds, <br> 5.875%, 7/11/2032, (EUR)(a)<br>| &nbsp;&nbsp; 739370 |
| 185000 | &nbsp;&nbsp; Romania Government International Bonds, <br> 6.750%, 7/11/2039, (EUR)(a)<br>| &nbsp;&nbsp; 221424 |
| 325000 | &nbsp;&nbsp; Turkiye Government International Bonds, <br> 6.950%, 9/16/2035<br>| &nbsp;&nbsp; 326989 |
|  |  | &nbsp;&nbsp; 5586468 |
|  | **Technology — 7.0%** | **Technology — 7.0%** |
| 50000 | Arrow Electronics, Inc., 2.950%, 2/15/2032 | &nbsp;&nbsp; 44624 |
| 700000 | Atlassian Corp., 5.500%, 5/15/2034 | &nbsp;&nbsp; 721145 |
| 145000 | Broadcom, Inc., 2.600%, 2/15/2033(a) | &nbsp;&nbsp; 127291 |
| 465000 | Broadcom, Inc., 3.137%, 11/15/2035(a) | &nbsp;&nbsp; 402302 |
| 240000 | Broadcom, Inc., 3.187%, 11/15/2036(a) | &nbsp;&nbsp; 204811 |
| 260000 | Broadcom, Inc., 3.419%, 4/15/2033(a) | &nbsp;&nbsp; 240623 |
| 400000 | Broadcom, Inc., 3.469%, 4/15/2034(a) | &nbsp;&nbsp; 365040 |
| 130000 | Broadcom, Inc., 4.150%, 4/15/2032(a) | &nbsp;&nbsp; 127487 |
| 85000 | Broadcom, Inc., 4.300%, 11/15/2032 | &nbsp;&nbsp; 83902 |
| 255000 | CDW LLC/CDW Finance Corp., 3.250%, 2/15/2029 | &nbsp;&nbsp; 244234 |
| 505000 | CDW LLC/CDW Finance Corp., 3.569%, 12/01/2031 | &nbsp;&nbsp; 471460 |
| 705000 | CDW LLC/CDW Finance Corp., 5.550%, 8/22/2034 | &nbsp;&nbsp; 722876 |
| 390000 | Dell International LLC/EMC Corp., 5.100%, 2/15/2036 | &nbsp;&nbsp; 387825 |
| 750000 | Entegris, Inc., 4.750%, 4/15/2029(a) | &nbsp;&nbsp; 743567 |
| 95000 | Fair Isaac Corp., 6.000%, 5/15/2033(a) | &nbsp;&nbsp; 96182 |
| 225000 | Fiserv, Inc., 4.550%, 2/15/2031 | &nbsp;&nbsp; 225834 |
| 765000 | Fiserv, Inc., 5.625%, 8/21/2033 | &nbsp;&nbsp; 803137 |
| 375000 | Jabil, Inc., 3.600%, 1/15/2030 | &nbsp;&nbsp; 361651 |
| 55000 | Leidos, Inc., 4.375%, 5/15/2030 | &nbsp;&nbsp; 54827 |
| 325000 | Leidos, Inc., 5.500%, 3/15/2035 | &nbsp;&nbsp; 336741 |
| 795000 | Leidos, Inc., 5.750%, 3/15/2033 | &nbsp;&nbsp; 839658 |
| 780000 | Micron Technology, Inc., 5.875%, 9/15/2033 | &nbsp;&nbsp; 829762 |
| 200000 | Micron Technology, Inc., 6.050%, 11/01/2035 | &nbsp;&nbsp; 213688 |
| 515000 | Motorola Solutions, Inc., 5.400%, 4/15/2034 | &nbsp;&nbsp; 533822 |
| 785000 | Motorola Solutions, Inc., 5.550%, 8/15/2035 | &nbsp;&nbsp; 817789 |
| 40000 | Motorola Solutions, Inc., 5.600%, 6/01/2032 | &nbsp;&nbsp; 42107 |
| 420000 | MSCI, Inc., 5.250%, 9/01/2035 | &nbsp;&nbsp; 423477 |
| 225000 | NetApp, Inc., 5.500%, 3/17/2032 | &nbsp;&nbsp; 234100 |
| 200000 | NetApp, Inc., 5.700%, 3/17/2035 | &nbsp;&nbsp; 209066 |
| 600000 | Oracle Corp., 3.950%, 3/25/2051 | &nbsp;&nbsp; 446105 |
| 370000 | Oracle Corp., 5.200%, 9/26/2035 | &nbsp;&nbsp; 372037 |
| 170000 | Paychex, Inc., 5.600%, 4/15/2035 | &nbsp;&nbsp; 177970 |
| 140000 | Sensata Technologies, Inc., 3.750%, 2/15/2031(a) | &nbsp;&nbsp; 129203 |
| 340000 | Synopsys, Inc., 5.700%, 4/01/2055 | &nbsp;&nbsp; 343139 |
| 290000 | TD SYNNEX Corp., 6.100%, 4/12/2034 | &nbsp;&nbsp; 308304 |
| 450000 | Trimble, Inc., 6.100%, 3/15/2033 | &nbsp;&nbsp; 483742 |
| 460000 | VMware LLC, 2.200%, 8/15/2031 | &nbsp;&nbsp; 405730 |
| 140000 | Western Digital Corp., 2.850%, 2/01/2029 | &nbsp;&nbsp; 131621 |
| 58000 | Western Digital Corp., 4.750%, 2/15/2026 | &nbsp;&nbsp; 57966 |
|  |  | &nbsp;&nbsp; 13764845 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Treasuries — 14.0%** | **Treasuries — 14.0%** |
| 1140000 | &nbsp;&nbsp; Australia Government Bonds, 1.000%, 11/21/2031, <br> (AUD)<br>| &nbsp;&nbsp; $636397 |
| 5,297(g)<br>| &nbsp;&nbsp; Brazil Notas do Tesouro Nacional, <br> 10.000%, 1/01/2031, (BRL)<br>| &nbsp;&nbsp; 871233 |
| 1165000 | &nbsp;&nbsp; Bundesschatzanweisungen, 1.900%, 9/16/2027, <br> (EUR)<br>| &nbsp;&nbsp; 1364573 |
| 181,000(h)<br>| Mexico Bonos, 8.500%, 11/18/2038, (MXN) | &nbsp;&nbsp; 949292 |
| 28545000 | &nbsp;&nbsp; Republic of South Africa Government Bonds, <br> 9.000%, 1/31/2040, (ZAR)<br>| &nbsp;&nbsp; 1512546 |
| 23880000 | &nbsp;&nbsp; Turkiye Government Bonds, 36.000%, 8/12/2026, <br> (TRY)<br>| &nbsp;&nbsp; 568329 |
| 23990000 | &nbsp;&nbsp; Turkiye Government Bonds, 37.000%, 2/18/2026, <br> (TRY)<br>| &nbsp;&nbsp; 576864 |
| 3025000 | U.S. Treasury Bonds, 3.250%, 5/15/2042(i) | &nbsp;&nbsp; 2541236 |
| 11095000 | U.S. Treasury Bonds, 4.750%, 2/15/2045 | &nbsp;&nbsp; 11164344 |
| 6880000 | U.S. Treasury Bonds, 5.000%, 5/15/2045 | &nbsp;&nbsp; 7144450 |
| 8825000 | &nbsp;&nbsp; Uruguay Government International Bonds, <br> 8.500%, 3/15/2028, (UYU)<br>| &nbsp;&nbsp; 224757 |
| 9175000 | &nbsp;&nbsp; Uruguay Government International Bonds, <br> 9.750%, 7/20/2033, (UYU)<br>| &nbsp;&nbsp; 252325 |
|  |  | &nbsp;&nbsp; 27806346 |
|  | **Wireless — 1.2%** | **Wireless — 1.2%** |
| 225000 | American Tower Corp., 5.450%, 2/15/2034 | &nbsp;&nbsp; 233760 |
| 555000 | American Tower Corp., 5.900%, 11/15/2033 | &nbsp;&nbsp; 594881 |
| 585000 | Sprint Capital Corp., 8.750%, 3/15/2032 | &nbsp;&nbsp; 712696 |
| 230000 | T-Mobile USA, Inc., 2.700%, 3/15/2032 | &nbsp;&nbsp; 206175 |
| 375000 | T-Mobile USA, Inc., 4.700%, 1/15/2035 | &nbsp;&nbsp; 368288 |
| 225000 | T-Mobile USA, Inc., 5.750%, 1/15/2034 | &nbsp;&nbsp; 238415 |
|  |  | &nbsp;&nbsp; 2354215 |
|  | **Wirelines — 0.3%** | **Wirelines — 0.3%** |
| 565000 | AT&T, Inc., 5.375%, 8/15/2035 | &nbsp;&nbsp; 581910 |
|  | &nbsp;&nbsp; Total Non-Convertible Bonds <br>(Identified Cost $170,788,400)<br>| &nbsp;&nbsp; 172259084 |
| **Convertible Bonds — 0.1%** | **Convertible Bonds — 0.1%** | **Convertible Bonds — 0.1%** |
|  | **Cable Satellite — 0.1%** | **Cable Satellite — 0.1%** |
| 94849 | &nbsp;&nbsp; EchoStar Corp., 3.875% PIK and/or 3.875% Cash, <br> 11/30/2030(f)<br>| &nbsp;&nbsp; 233329 |
|  | **Financial Other — 0.0%** | **Financial Other — 0.0%** |
| 885124 | &nbsp;&nbsp; Shimao Group Holdings Ltd., Zero Coupon, <br> 7/21/2026(a)<br>| &nbsp;&nbsp; 49337 |
| 153904 | &nbsp;&nbsp; Sino-Ocean Group Holding Ltd., Zero Coupon, <br> 3/27/2027(a)<br>| &nbsp;&nbsp; 1154 |
|  |  | &nbsp;&nbsp; 50491 |
|  | &nbsp;&nbsp; Total Convertible Bonds <br>(Identified Cost $269,655)<br>| &nbsp;&nbsp; 283820 |
| **Municipals — 0.3%** | **Municipals — 0.3%** | **Municipals — 0.3%** |
|  | **Virginia — 0.3%** | **Virginia — 0.3%** |
| 780000 | &nbsp;&nbsp; Tobacco Settlement Financing Corp., <br> 6.706%, 6/01/2046 <br>(Identified Cost $772,380)<br>| &nbsp;&nbsp; 587452 |
|  | &nbsp;&nbsp; Total Bonds and Notes <br>(Identified Cost $171,830,435)<br>| &nbsp;&nbsp; 173130356 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
| **Collateralized Loan Obligations — 6.6%** | **Collateralized Loan Obligations — 6.6%** | **Collateralized Loan Obligations — 6.6%** |
| $250000 | &nbsp;&nbsp; AIMCO CLO 21 Ltd., Series 2024-21A, Class B, 3 mo. <br> USD SOFR + 1.920%, 6.249%, 4/18/2037(a)(b)<br>| &nbsp;&nbsp; $250835 |
| 600000 | &nbsp;&nbsp; Alinea CLO Ltd., Series 2018-1A, Class BR, 3 mo. <br> USD SOFR + 1.150%, 5.476%, 7/20/2031(a)(b)<br>| &nbsp;&nbsp; 597810 |
| 250000 | &nbsp;&nbsp; Anchorage Capital CLO 6 Ltd., Series 2015-6A, <br> Class AR4, 3 mo. USD SOFR + 1.370%, <br> 5.640%, 7/22/2038(a)(b)<br>| &nbsp;&nbsp; 250875 |
| 265000 | &nbsp;&nbsp; Bain Capital Credit CLO Ltd., Series 2022-4A, <br> Class A1R, 3 mo. USD SOFR + 1.380%, <br> 5.698%, 10/16/2037(a)(b)<br>| &nbsp;&nbsp; 266037 |
| 250000 | &nbsp;&nbsp; Battalion CLO VIII Ltd., Series 2015-8A, Class A2R3, <br> 3 mo. USD SOFR + 1.000%, 5.329%, 7/18/2030(a)(b)<br>| &nbsp;&nbsp; 249997 |
| 250000 | &nbsp;&nbsp; Birch Grove CLO 13 Ltd., Series 2025-13A, Class A1, <br> 3 mo. USD SOFR + 1.310%, 5.467%, 10/23/2038(a)(b)<br>| &nbsp;&nbsp; 250721 |
| 250000 | &nbsp;&nbsp; Birch Grove CLO 7 Ltd., Series 2023-7A, Class A1R, <br> 3 mo. USD SOFR + 1.260%, <br> 0.000%, 10/20/2038(a)(b)(j)<br>| &nbsp;&nbsp; 250109 |
| 465000 | &nbsp;&nbsp; Birch Grove CLO 9 Ltd., Series 2024-9A, Class A1, <br> 3 mo. USD SOFR + 1.400%, 5.732%, 10/22/2037(a)(b)<br>| &nbsp;&nbsp; 466472 |
| 795000 | &nbsp;&nbsp; CIFC Funding Ltd., Series 2018-1A, Class A1R, 3 mo. <br> USD SOFR + 1.320%, 5.649%, 1/18/2038(a)(b)<br>| &nbsp;&nbsp; 797705 |
| 250000 | &nbsp;&nbsp; CIFC Funding Ltd., Series 2019-4A, Class A1R2, <br> 3 mo. USD SOFR + 1.300%, 5.646%, 7/15/2038(a)(b)<br>| &nbsp;&nbsp; 250986 |
| 250000 | &nbsp;&nbsp; CIFC Funding Ltd., Series 2019-7A, Class A1R, 3 mo. <br> USD SOFR + 1.280%, 5.371%, 10/19/2038(a)(b)<br>| &nbsp;&nbsp; 250773 |
| 250000 | &nbsp;&nbsp; CIFC Funding Ltd., Series 2021-6A, Class B, 3 mo. <br> USD SOFR + 1.912%, 6.229%, 10/15/2034(a)(b)<br>| &nbsp;&nbsp; 250396 |
| 255000 | &nbsp;&nbsp; Crown City CLO I, Series 2020-1A, Class A1RR, <br> 3 mo. USD SOFR + 1.370%, 5.533%, 7/20/2038(a)(b)<br>| &nbsp;&nbsp; 255779 |
| 455000 | &nbsp;&nbsp; Dryden 53 CLO Ltd., Series 2017-53A, Class BR, <br> 3 mo. USD SOFR + 1.300%, 5.602%, 1/15/2031(a)(b)<br>| &nbsp;&nbsp; 455263 |
| 275000 | &nbsp;&nbsp; Elmwood CLO VIII Ltd., Series 2021-1A, Class DR, <br> 3 mo. USD SOFR + 3.800%, 8.126%, 4/20/2037(a)(b)<br>| &nbsp;&nbsp; 276788 |
| 330000 | &nbsp;&nbsp; Garnet CLO 2 Ltd., Series 2025-2A, Class A, 3 mo. <br> USD SOFR + 1.350%, 5.431%, 10/20/2038(a)(b)<br>| &nbsp;&nbsp; 331155 |
| 300000 | &nbsp;&nbsp; Garnet CLO 3 Ltd., Series 2025-3A, Class A1, 3 mo. <br> USD SOFR + 1.270%, 0.000%, 10/20/2038(a)(b)(j)<br>| &nbsp;&nbsp; 300000 |
| 250000 | &nbsp;&nbsp; Golub Capital CLO 82 B Ltd., Series 2025-82A, <br> Class A1, 3 mo. USD SOFR + 1.260%, <br> 5.226%, 10/15/2038(a)(b)<br>| &nbsp;&nbsp; 250108 |
| 255000 | &nbsp;&nbsp; Invesco CLO Ltd., Series 2021-1A, Class D, 3 mo. <br> USD SOFR + 3.312%, 7.629%, 4/15/2034(a)(b)<br>| &nbsp;&nbsp; 254378 |
| 550000 | &nbsp;&nbsp; Invesco U.S. CLO Ltd., Series 2024-4A, Class A1, <br> 3 mo. USD SOFR + 1.330%, 5.648%, 1/15/2038(a)(b)<br>| &nbsp;&nbsp; 552787 |
| 335000 | &nbsp;&nbsp; Magnetite XLVIII Ltd., Series 2025-48A, Class A1, <br> 3 mo. USD SOFR + 1.280%, 5.572%, 10/15/2038(a)(b)<br>| &nbsp;&nbsp; 336477 |
| 305000 | &nbsp;&nbsp; MidOcean Credit CLO XXI, Series 2025-21A, <br> Class A1, 3 mo. USD SOFR + 1.260%, <br> 0.000%, 10/20/2038(a)(b)(j)<br>| &nbsp;&nbsp; 305133 |
| 530000 | &nbsp;&nbsp; Morgan Stanley Eaton Vance CLO LLC, <br> Series 2022-16A, Class B, 3 mo. USD SOFR + <br> 1.950%, 6.268%, 4/15/2035(a)(b)<br>| &nbsp;&nbsp; 531606 |
| 250000 | &nbsp;&nbsp; Northwoods Capital 20 Ltd., Series 2019-20A, <br> Class AR2, 3 mo. USD SOFR + 1.340%, <br> 5.556%, 10/25/2038(a)(b)<br>| &nbsp;&nbsp; 249858 |
| 250000 | &nbsp;&nbsp; OCP CLO Ltd., Series 2020-18A, Class A1R2, 3 mo. <br> USD SOFR + 1.370%, 5.696%, 7/20/2037(a)(b)<br>| &nbsp;&nbsp; 250639 |
| 500000 | &nbsp;&nbsp; OCP CLO Ltd., Series 2024-38A, Class A, 3 mo. USD <br> SOFR + 1.330%, 5.656%, 1/21/2038(a)(b)<br>| &nbsp;&nbsp; 500859 |
| 300000 | &nbsp;&nbsp; Octagon Investment Partners 18-R Ltd., <br> Series 2018-18A, Class A2, 3 mo. USD SOFR + <br> 1.732%, 6.049%, 4/16/2031(a)(b)<br>| &nbsp;&nbsp; 300126 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
| $375000 | &nbsp;&nbsp; OHA Credit Funding 10-R Ltd., Series 2021-10RA, <br> Class A1, 3 mo. USD SOFR + 1.260%, <br> 5.539%, 7/18/2037(a)(b)<br>| &nbsp;&nbsp; $375563 |
| 250000 | &nbsp;&nbsp; OHA Loan Funding Ltd., Series 2015-1A, <br> Class A1R4, 3 mo. USD SOFR + 1.250%, <br> 5.422%, 10/19/2038(a)(b)<br>| &nbsp;&nbsp; 250748 |
| 690000 | &nbsp;&nbsp; Palmer Square BDC CLO 1 Ltd., Series 1A, Class A, <br> 3 mo. USD SOFR + 1.600%, 5.918%, 7/15/2037(a)(b)<br>| &nbsp;&nbsp; 692373 |
| 370000 | &nbsp;&nbsp; Rad CLO 26 Ltd., Series 2024-26A, Class A, 3 mo. <br> USD SOFR + 1.370%, 5.696%, 10/20/2037(a)(b)<br>| &nbsp;&nbsp; 371974 |
| 360000 | &nbsp;&nbsp; Recette CLO Ltd., Series 2015-1A, Class BRR, 3 mo. <br> USD SOFR + 1.662%, 5.987%, 4/20/2034(a)(b)<br>| &nbsp;&nbsp; 360202 |
| 285000 | &nbsp;&nbsp; Regatta 35 Funding Ltd., Series 2025-5A, Class A1, <br> 3 mo. USD SOFR + 1.290%, 5.575%, 10/15/2038(a)(b)<br>| &nbsp;&nbsp; 285926 |
| 325000 | &nbsp;&nbsp; Silver Point CLO 12 Ltd., Series 2025-12A, Class A1, <br> 3 mo. USD SOFR + 1.310%, 5.288%, 10/15/2038(a)(b)<br>| &nbsp;&nbsp; 325140 |
| 250000 | &nbsp;&nbsp; Sixth Street CLO XV Ltd., Series 2020-15A, <br> Class BR, 3 mo. USD SOFR + 1.750%, <br> 6.069%, 10/24/2037(a)(b)<br>| &nbsp;&nbsp; 251335 |
| 285000 | &nbsp;&nbsp; Sixth Street CLO XVIII Ltd., Series 2021-18A, <br> Class D1R, 3 mo. USD SOFR + 2.700%, <br> 6.910%, 10/17/2038(a)(b)<br>| &nbsp;&nbsp; 285584 |
| 250000 | &nbsp;&nbsp; Symetra CLO Ltd., Series 2025-1A, Class B, 3 mo. <br> USD SOFR + 1.700%, 5.981%, 4/20/2038(a)(b)<br>| &nbsp;&nbsp; 250636 |
| 335000 | &nbsp;&nbsp; TPG CLO Ltd., Series 2025-1A, Class A1, 3 mo. USD <br> SOFR + 1.370%, 5.518%, 7/15/2037(a)(b)<br>| &nbsp;&nbsp; 335328 |
|  | &nbsp;&nbsp; Total Collateralized Loan Obligations <br>(Identified Cost $13,045,677)<br>| &nbsp;&nbsp; 13068481 |
| **Senior Loans — 4.8%** | **Senior Loans — 4.8%** | **Senior Loans — 4.8%** |
|  | **Automotive — 0.0%** | **Automotive — 0.0%** |
| 70000 | &nbsp;&nbsp; First Brands Group LLC, 2021 Term Loan, <br> 3/30/2027(e)<br>| &nbsp;&nbsp; 24625 |
| 50000 | &nbsp;&nbsp; First Brands Group LLC, 2022 Incremental Term <br> Loan, 3/30/2027(e)<br>| &nbsp;&nbsp; 17610 |
|  |  | &nbsp;&nbsp; 42235 |
|  | **Brokerage — 0.0%** | **Brokerage — 0.0%** |
| 101360 | &nbsp;&nbsp; Citadel Securities LP, 2024 First Lien Term Loan, <br> 1 mo. USD SOFR + 2.000%, 6.163%, 10/31/2031(b)(k)<br>| &nbsp;&nbsp; 101525 |
|  | **Construction Machinery — 0.1%** | **Construction Machinery — 0.1%** |
| 85000 | &nbsp;&nbsp; Herc Holdings, Inc., Term Loan B, 1 mo. USD SOFR <br> + 2.000%, 6.255%, 6/02/2032(b)(k)<br>| &nbsp;&nbsp; 85319 |
| 75053 | Terex Corp., 2025 Term Loan, 10/08/2031(l) | &nbsp;&nbsp; 75128 |
| 79798 | &nbsp;&nbsp; United Rentals, Inc., 2025 Repriced Term Loan B, <br> 1 mo. USD SOFR + 1.500%, 5.663%, 2/14/2031(b)(k)<br>| &nbsp;&nbsp; 80122 |
|  |  | &nbsp;&nbsp; 240569 |
|  | **Consumer Cyclical Services — 0.3%** | **Consumer Cyclical Services — 0.3%** |
| 476155 | &nbsp;&nbsp; Aramark Services, Inc., 2024 Term Loan B8, USD <br> SOFR + 2.000%, 6.173%, 6/22/2030(b)(k)<br>| &nbsp;&nbsp; 476650 |
| 55000 | &nbsp;&nbsp; Aramark Services, Inc., 2025 Repriced Term Loan, <br> 1 mo. USD SOFR + 1.750%, 5.913%, 4/06/2028(b)(k)<br>| &nbsp;&nbsp; 55000 |
|  |  | &nbsp;&nbsp; 531650 |
|  | **Diversified Manufacturing — 0.3%** | **Diversified Manufacturing — 0.3%** |
| 106620 | &nbsp;&nbsp; Resideo Funding, Inc., 2024 1st Lien Term Loan B, <br> 1 mo. USD SOFR + 2.000%, 6.147%, 2/11/2028(b)(k)<br>| &nbsp;&nbsp; 106688 |
| 464283 | &nbsp;&nbsp; Resideo Funding, Inc., 2024 M&A 1st lien Term <br> Loan B, 6 mo. USD SOFR + 2.000%, <br> 5.839%, 6/13/2031(b)(k)<br>| &nbsp;&nbsp; 463702 |
|  |  | &nbsp;&nbsp; 570390 |

---

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Electric — 0.5%** | **Electric — 0.5%** |
| $109722 | NRG Energy, Inc., 2024 Term Loan, 4/16/2031(l) | &nbsp;&nbsp; $109688 |
| 916768 | &nbsp;&nbsp; NRG Energy, Inc., 2024 Term Loan, 3 mo. USD SOFR <br> + 1.750%, 6.064%, 4/16/2031(b)(k)<br>| &nbsp;&nbsp; 916484 |
|  |  | &nbsp;&nbsp; 1026172 |
|  | **Environmental — 0.2%** | **Environmental — 0.2%** |
| 330000 | Clean Harbors, Inc., 2025 Term Loan, 9/24/2032(l) | &nbsp;&nbsp; 330412 |
|  | **Gaming — 0.6%** | **Gaming — 0.6%** |
| 293525 | &nbsp;&nbsp; DK Crown Holdings, Inc., 2025 Term Loan B, 1 mo. <br> USD SOFR + 1.750%, 6.005%, 3/04/2032(b)(k)<br>| &nbsp;&nbsp; 292976 |
| 741483 | &nbsp;&nbsp; Flutter Financing BV, 2024 Term Loan B, 3 mo. USD <br> SOFR + 1.750%, 5.752%, 11/30/2030(b)(k)<br>| &nbsp;&nbsp; 738332 |
| 109725 | &nbsp;&nbsp; Flutter Financing BV, 2025 Term Loan B, 3 mo. USD <br> SOFR + 2.000%, 6.002%, 6/04/2032(b)(k)<br>| &nbsp;&nbsp; 109512 |
|  |  | &nbsp;&nbsp; 1140820 |
|  | **Healthcare — 0.4%** | **Healthcare — 0.4%** |
| 505269 | &nbsp;&nbsp; DaVita, Inc., 2025 Term Loan B, 1 mo. USD SOFR + <br> 1.750%, 5.913%, 5/09/2031(b)(k)<br>| &nbsp;&nbsp; 505951 |
| 253150 | &nbsp;&nbsp; IQVIA, Inc., 2025 Incremental Term Loan B5, 3 mo. <br> USD SOFR + 1.750%, 5.752%, 1/02/2031(b)(k)<br>| &nbsp;&nbsp; 254226 |
|  |  | &nbsp;&nbsp; 760177 |
|  | **Lodging — 1.1%** | **Lodging — 1.1%** |
| 340168 | &nbsp;&nbsp; Hilton Domestic Operating Co., Inc., 2023 Term <br> Loan B4, 1 mo. USD SOFR + 1.750%, <br> 5.908%, 11/08/2030(b)<br>| &nbsp;&nbsp; 340387 |
| 13467 | &nbsp;&nbsp; Hilton Grand Vacations Borrower LLC, 2021 Term <br> Loan B, 1 mo. USD SOFR + 2.000%, <br> 6.163%, 8/02/2028(b)(k)<br>| &nbsp;&nbsp; 13445 |
| 811243 | &nbsp;&nbsp; Hilton Grand Vacations Borrower LLC, 2024 <br> Incremental Term Loan B, 1 mo. USD SOFR + <br> 2.000%, 6.163%, 1/17/2031(b)(k)<br>| &nbsp;&nbsp; 809977 |
| 928250 | &nbsp;&nbsp; Wyndham Hotels & Resorts, Inc., 2024 Term Loan, <br> 1 mo. USD SOFR + 1.750%, 5.913%, 5/24/2030(b)(k)<br>| &nbsp;&nbsp; 930905 |
|  |  | &nbsp;&nbsp; 2094714 |
|  | **Metals & Mining — 0.2%** | **Metals & Mining — 0.2%** |
| 422875 | &nbsp;&nbsp; Novelis Corp., 2025 Term Loan B, 3 mo. USD SOFR + <br> 1.750%, 5.752%, 3/11/2032(b)(k)<br>| &nbsp;&nbsp; 423497 |
|  | **Paper — 0.2%** | **Paper — 0.2%** |
| 498183 | &nbsp;&nbsp; Asplundh Tree Expert LLC, 2024 Incremental Term <br> Loan B, 1 mo. USD SOFR + 1.750%, <br> 5.913%, 5/23/2031(b)<br>| &nbsp;&nbsp; 497913 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount (‡)**<br>| **Description** | **Value (†)** |
|  | **Technology — 0.8%** | **Technology — 0.8%** |
| $102705 | &nbsp;&nbsp; Ciena Corp., 2025 Repriced Term Loan B, 1 mo. USD <br> SOFR + 1.750%, 5.885%, 10/24/2030(b)(k)<br>| &nbsp;&nbsp; $102770 |
| 502194 | &nbsp;&nbsp; Open Text Corp., 2023 Term Loan B, 1 mo. USD <br> SOFR + 1.750%, 5.913%, 1/31/2030(b)(k)<br>| &nbsp;&nbsp; 501531 |
| 931326 | &nbsp;&nbsp; Trans Union LLC, 2024 Term Loan B8, 1 mo. USD <br> SOFR + 1.750%, 5.913%, 6/24/2031(b)(k)<br>| &nbsp;&nbsp; 930423 |
|  |  | &nbsp;&nbsp; 1534724 |
|  | **Wireless — 0.1%** | **Wireless — 0.1%** |
| 202432 | &nbsp;&nbsp; SBA Senior Finance II LLC, 2024 Term Loan B, 1 mo. <br> USD SOFR + 1.750%, 5.920%, 1/25/2031(b)(k)<br>| &nbsp;&nbsp; 203029 |
|  | &nbsp;&nbsp; Total Senior Loans <br>(Identified Cost $9,505,957)<br>| &nbsp;&nbsp; 9497827 |

---

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares**<br>|  |  |
| **Preferred Stocks — 0.1%** | **Preferred Stocks — 0.1%** | **Preferred Stocks — 0.1%** |
| **Convertible Preferred Stock — 0.1%** | **Convertible Preferred Stock — 0.1%** | **Convertible Preferred Stock — 0.1%** |
|  | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** |
| 2858 | &nbsp;&nbsp; Boeing Co., 6.000% <br>(Identified Cost $147,907)<br>| &nbsp;&nbsp; 198831 |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount (‡)**<br>|  |  |
| **Short-Term Investments — 2.1%** | **Short-Term Investments — 2.1%** | **Short-Term Investments — 2.1%** |
| $4219707 | &nbsp;&nbsp; Tri-Party Repurchase Agreement with Fixed <br> Income Clearing Corporation, dated 9/30/2025 at <br> 2.650% to be repurchased at $4,220,017 <br> on 10/01/2025 collateralized by $4,354,400 <br> U.S. Treasury Note, 2.750% due 7/31/2027 valued at <br> $4,304,240 including accrued interest(m) <br>(Identified Cost $4,219,707)<br>| &nbsp;&nbsp; 4219707 |
|  | &nbsp;&nbsp; Total Investments — 100.9% <br>(Identified Cost $198,749,683)<br>| &nbsp;&nbsp; 200115202 |
|  | Other assets less liabilities — (0.9)% | &nbsp;&nbsp; (1783726)<br>|
|  | Net Assets — 100.0% | &nbsp;&nbsp; $198331476 |

---

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

------

---

| | |
|:---|:---|
| (†) | &nbsp;&nbsp;&nbsp; Registered investment companies are required to value portfolio investments using an unadjusted, readily available market quotation. The Fund obtains <br> readily available market quotations from independent pricing services. Fund investments for which readily available market quotations are not available <br> are priced at fair value pursuant to the Fund's Valuation Procedures. The Board of Trustees has approved a valuation designee who is subject to the <br> Board's oversight. <br>Unadjusted readily available market quotations that are utilized for exchange traded equity securities (including shares of closed-end investment <br> companies and exchange-traded funds) include the last sale price quoted on the exchange where the security is traded most extensively. Futures <br> contracts are valued at the closing settlement price on the exchange on which the valuation designee believes that, over time, they are traded most <br> extensively. Shares of open-end investment companies are valued at net asset value ("NAV") per share. <br>Exchange traded equity securities for which there is no reported sale during the day are fair valued at the closing bid quotation as reported by an <br> independent pricing service. Unlisted equity securities (except unlisted preferred equity securities) are fair valued at the last sale price quoted in the <br> market where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent <br> pricing service. If there is no last sale price or closing bid quotation available, unlisted equity securities will be fair valued using evaluated bids furnished <br> by an independent pricing service, if available. <br>Debt securities and unlisted preferred equity securities are fair valued based on evaluated bids furnished to the Fund by an independent pricing service <br> or bid prices obtained from broker-dealers. Senior loans and collateralized loan obligations ("CLOs") are fair valued at bid prices supplied by an <br> independent pricing service, if available. Broker-dealer bid prices may be used to fair value debt, unlisted equities, senior loans and CLOs where an <br> independent pricing service is unable to price an investment or where an independent pricing service does not provide a reliable price for the <br> investment. <br>The Fund may also fair value investments in other circumstances such as when extraordinary events occur after the close of a foreign market, but prior <br> to the close of the New York Stock Exchange. This may include situations relating to a single issuer (such as a declaration of bankruptcy or a delisting of <br> the issuer's security from the primary market on which it has traded) as well as events affecting the securities markets in general (such as market <br> disruptions or closings and significant fluctuations in U.S. and/or foreign markets). When fair valuing a Fund's investments, the valuation designee may, <br> among other things, use modeling tools or other processes that may take into account factors such as issuer specific information, or other related <br> market activity and/or information that occurred after the close of the foreign market but before the time the Fund's NAV is calculated. Fair valuation by <br> the Fund's valuation designee may require subjective determinations about the value of the investment, and fair values used to determine a Fund's NAV <br> may differ from quoted or published prices, or from prices that are used by others, for the same investments. In addition, the use of fair value pricing may <br> not always result in adjustments to the prices of investments held by a Fund. <br>The books and records of the Fund are maintained in U.S. dollars. The values of securities, currencies and other assets and liabilities denominated in <br> currencies other than U.S. dollars, if any, are translated into U.S. dollars based upon foreign exchange rates prevailing at the end of the period. <br>|

---

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

---

| | |
|:---|:---|
| (‡) | Principal Amount stated in U.S. dollars unless otherwise noted. |
| (a) | &nbsp;&nbsp;&nbsp; All or a portion of these securities are exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in <br> transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2025, the value of Rule 144A holdings amounted to <br> $90,486,126 or 45.6% of net assets.<br>|
| (b) | &nbsp;&nbsp;&nbsp; Variable rate security. Rate as of September 30, 2025 is disclosed. Issuers comprised of various lots with differing coupon rates have been aggregated <br> for the purpose of presentation in the Portfolio of Investments and show a weighted average rate. Certain variable rate securities are not based on a <br> published reference rate and spread, rather are determined by the issuer or agent and are based on current market conditions. These securities may not <br> indicate a reference rate and/or spread in their description.<br>|
| (c) | Perpetual bond with no specified maturity date. |
| (d) | Level 3 security. Value has been determined using significant unobservable inputs. |
| (e) | The issuer is in default with respect to interest and/or principal payments. Income is not being accrued. |
| (f) | Payment–in–kind security for which the issuer, at each interest payment date, may make interest payments in cash and/or additional principal. |
| (g) | Amount shown represents units. One unit represents a principal amount of 1,000. |
| (h) | Amount shown represents units. One unit represents a principal amount of 100. |
| (i) | Security (or a portion thereof) has been pledged as collateral for open derivative contracts. |
| (j) | New issue unsettled as of September 30, 2025. Coupon rate does not take effect until settlement date. |
| (k) | &nbsp;&nbsp;&nbsp; Stated interest rate has been determined in accordance with the provisions of the loan agreement and is subject to a minimum benchmark floor rate <br> which may range from 0.00% to 0.50%, to which the spread is added.<br>|
| (l) | &nbsp;&nbsp;&nbsp; Position is unsettled. Contract rate was not determined at September 30, 2025 and does not take effect until settlement date. Maturity date is not finalized <br> until settlement date.<br>|
| (m) | &nbsp;&nbsp;&nbsp; The Fund may enter into repurchase agreements, under the terms of a Master Repurchase Agreement, under which the Fund acquires securities as <br> collateral and agrees to resell the securities at an agreed upon time and at an agreed upon price. It is the Fund's policy that the market value of the <br> collateral for repurchase agreements be at least equal to 102% of the repurchase price, including interest. Certain repurchase agreements are tri-party <br> arrangements whereby the collateral is held in a segregated account for the benefit of the Fund and on behalf of the counterparty. Repurchase <br> agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon the Fund's <br> ability to dispose of the underlying securities. As of September 30, 2025, the Fund had an investment in a repurchase agreement for which the value of <br> the related collateral exceeded the value of the repurchase agreement.<br>|

---

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

ABS Asset-Backed Securities <br> ARMs Adjustable Rate Mortgages <br> MTN Medium Term Note

------

---

| | |
|:---|:---|
| PIK | Payment-in-Kind |
| REITs | Real Estate Investment Trusts |
| REMICS | Real Estate Mortgage Investment Conduits |
| RFUCCT | FTSE USD IBOR Consumer Cash Fallbacks Term |
| SOFR | Secured Overnight Financing Rate |

---

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

---

| | |
|:---|:---|
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| EUR | Euro |
| MXN | Mexican Peso |
| TRY | Turkish Lira |
| UYU | Uruguayan Peso |
| ZAR | South African Rand |

---

**Futures Contracts**

The Fund may enter into futures contracts. Futures contracts are agreements between two parties to buy and sell a particular instrument or index for a specified price on a specified future date.

When the Fund enters into a futures contract, it is required to deposit with (or for the benefit of) its broker an amount of cash or short-term high-quality securities as "initial margin." As the value of the contract changes, the value of the futures contract position increases or declines. Subsequent payments, known as "variation margin," are made or received by the Fund, depending on the price fluctuations in the fair value of the contract and the value of cash or securities on deposit with the broker. Realized gain or loss on a futures position is equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, minus brokerage commissions. When the Fund enters into a futures contract certain risks may arise, such as illiquidity in the futures market, which may limit the Fund's ability to close out a futures contract prior to settlement date, and unanticipated movements in the value of securities or interest rates.

Futures contracts are exchange-traded. Exchange-traded futures contracts are standardized and are settled through a clearing house with fulfillment supported by the credit of the exchange. Therefore, counterparty credit risks to the Fund are reduced; however, in the event that a counterparty enters into bankruptcy, the Fund's claim against initial/variation margin on deposit with the counterparty may be subject to terms of a final settlement in bankruptcy court.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: | At September 30, 2025, the Fund had the following open long futures contracts: |
| **Financial Futures** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Value** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| CBOT 2 Year U.S. Treasury Notes Futures | 12/31/2025 | 116 | &nbsp;&nbsp;&nbsp; $24163131 | &nbsp;&nbsp;&nbsp; $24174219 | &nbsp;&nbsp;&nbsp; $11088 |
| CBOT 5 Year U.S. Treasury Notes Futures | 12/31/2025 | 156 | &nbsp;&nbsp;&nbsp; 17013553 | &nbsp;&nbsp;&nbsp; 17034469 | &nbsp;&nbsp;&nbsp; 20916 |
| CBOT Ultra Long-Term U.S. Treasury Bond Futures | 12/19/2025 | 20 | &nbsp;&nbsp;&nbsp; 2339416 | &nbsp;&nbsp;&nbsp; 2401250 | &nbsp;&nbsp;&nbsp; 61834 |
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp; $93838 |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: | At September 30, 2025, the Fund had the following open short futures contracts: |
| **Financial Futures** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Value** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| Ultra 10 Year U.S. Treasury Notes Futures | 12/19/2025 | 224 | &nbsp;&nbsp;&nbsp; $25497892 | &nbsp;&nbsp;&nbsp; $25777500 | &nbsp;&nbsp;&nbsp; $(279608)<br>|

---

**Fair Value Measurements**

In accordance with accounting standards related to fair value measurements and disclosures, the Fund has categorized the inputs utilized in determining the value of each Fund's assets or liabilities. These inputs are summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 — quoted prices in active markets for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — prices determined using other significant inputs that are observable either directly, or indirectly through corroboration with observable market data (which could include quoted prices for similar assets or liabilities, interest rates, credit risk, etc.); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — prices determined using significant unobservable inputs when quoted prices or observable inputs are unavailable such as when there is little or no market activity for an asset or liability (unobservable inputs reflect each Fund's own assumptions in determining the fair value of assets or liabilities and would be based on the best information available).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The Fund's pricing policies have been approved by the Board of Trustees. Investments for which market quotations are readily available are categorized in Level 1. Other investments for which an independent pricing service is utilized are categorized in Level 2. Broker-dealer bid prices for which the Fund has knowledge of the inputs used by the broker-dealer are categorized in Level 2. All other investments, including broker-dealer bid prices for which the Fund does not have knowledge of the inputs used by the broker-dealer, as well as investments fair valued by the valuation designee, are categorized in Level 3. All Level 2 and 3 securities are defined as being fair valued.

------

Under certain conditions and based upon specific facts and circumstances, the Fund's valuation designee may determine that a fair valuation should be made for portfolio investment(s). These valuation designee fair valuations will be based upon a significant amount of Level 3 inputs.

The following is a summary of the inputs used to value the Fund's investments as of September 30, 2025, at value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** |
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Bonds and Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Non-Convertible Bonds |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations | $— | $88397 | $91887 | $180284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All Other Non-Convertible Bonds(a) |  | 172078800 |  | 172078800 |
| &nbsp;&nbsp;&nbsp; Total Non-Convertible Bonds |  | 172167197 | 91887 | 172259084 |
| &nbsp;&nbsp;&nbsp; Convertible Bonds(a) |  | 283820 |  | 283820 |
| &nbsp;&nbsp;&nbsp; Municipals(a) |  | 587452 |  | 587452 |
| Total Bonds and Notes |  | 173038469 | 91887 | 173130356 |
| Collateralized Loan Obligations |  | 13068481 |  | 13068481 |
| Senior Loans(a) |  | 9497827 |  | 9497827 |
| Preferred Stocks(a) | 198831 |  |  | 198831 |
| Short-Term Investments |  | 4219707 |  | 4219707 |
| Total Investments | 198831 | 199824484 | 91887 | 200115202 |
| Futures Contracts (unrealized appreciation) | 93838 |  |  | 93838 |
| Total | $292669 | $199824484 | $91887 | $200209040 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Liability Valuation Inputs** | **Liability Valuation Inputs** | **Liability Valuation Inputs** | **Liability Valuation Inputs** | **Liability Valuation Inputs** |
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Futures Contracts (unrealized depreciation) | $(279608)<br>| $— | $— | $(279608)<br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Details of the major categories of the Fund's investments are reflected within the Portfolio of Investments.

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value as of December 31, 2024 and/or September 30, 2025:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** | **Asset Valuation Inputs** |
| Investments in Securities | Balance as of <br>December 31, <br>2024<br>| Accrued <br>Discounts <br>(Premiums)<br>| Realized <br>Gain (Loss)<br>| Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Purchases | Sales | Transfers <br>into <br>Level 3<br>| Transfers <br>out of <br>Level 3<br>| Balance as of <br>September 30, <br>2025<br>| Change in <br>Unrealized <br>Appreciation <br>(Depreciation) <br>from <br>Investments <br>Still Held at <br>September 30, <br>2025<br>|
| Bonds and Notes |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Non-Convertible Bonds |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ABS Home Equity | $3367 | $— | $79 | $469 | $— | $(3915)<br>| $— | $— | $— | $469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Mortgage <br> Obligations<br>|  |  | 640 | 52 |  | (10891)<br>| 102086 |  | 91887 | 52 |
| Total | $3367 | $— | $719 | $521 | $— | $(14806)<br>| $102086 | $— | $91887 | $521 |

---

A debt security valued at $102,086 was transferred from Level 2 to Level 3 during the period ended September 30, 2025. At September 30, 2024, this security was fair valued based on evaluated bids furnished to the Fund by an independent pricing service in accordance with the Fund's valuation policies. At September 30, 2025, this security was fair valued as determined by the Fund's valuation designee as an independent pricing service did not provide a reliable price for the security.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** LOOMIS SAYLES FUNDS I

- **b. Investment Company Act file number:** 811-08282

- **c. CIK number of Registrant:** 0000917469

- **d. LEI of Registrant:** 549300826G7KS737WZ11

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

  - **Street Address 1:** 888 BOYLSTON STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199-8197

  - **Telephone number:** 617-449-2139

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

- **a. Name of Series:** Loomis Sayles Investment Grade Fixed Income Fund

- **b. EDGAR series identifier (if any):** S000006646

- **c. LEI of Series:** 549300WC3NPNL3GIV677

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $201451747.21

**Total Liabilities:** $3120822.54

**Net Assets:** $198330924.67

**Cash Not Reported:** $211272.79

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -204.73000000 | **1-Year:** -5832.26000000 | **5-Year:** -31883.94000000 | **10-Year:** -30492.98000000 | **30-Year:** -4342.95000000

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

- **3-Month:** -73.80000000 | **1-Year:** -1616.15000000 | **5-Year:** -4274.11000000 | **10-Year:** -2457.83000000 | **30-Year:** -493.54000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018133 | -0.07%               | 1.11%                | 1.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-155499.87              | $-508836.30                                |
| Month 2  | $174843.40               | $1183711.81                                |
| Month 3  | $-910545.49              | $3475131.09                                |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                          | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DAVITA INC                                    | DaVita Inc 2025 Term Loan B                                                     | CUSIP: 23918VBC7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | LON              | CORP              | US        |    505269 | PA      | $505951.10    | 0.26%             | 2031-05-09      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                          | Matador Resources Co                                                            | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15143.54     | 0.01%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Trafigura Securitisation Finance Plc          | Trafigura Securitisation Finance PLC                                            | CUSIP: 892725AW2<br>LEI: 549300CH6S10UEZXWN56 | Long             | ABS-O            | CORP              | IE        |    535000 | PA      | $535080.79    | 0.27%             | 2027-11-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                 | Boeing Co/The                                                                   | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $570351.55    | 0.29%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                         | Time Warner Cable LLC                                                           | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36409.16     | 0.02%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                          | Republic of Uzbekistan International Bond                                       | CUSIP: 91824PAA5<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    420000 | PA      | $451516.80    | 0.23%             | 2032-02-28      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | CarMax Auto Owner Trust 2022-1                                                  | CUSIP: 14317CAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99094.10     | 0.05%             | 2028-07-17      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust               | Republic Finance Issuance Trust 2024-B                                          | CUSIP: 76042GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $178159.80    | 0.09%             | 2037-11-20      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                    | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    240000 | PA      | $204810.61    | 0.10%             | 2036-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                       | Energean Israel Finance Ltd                                                     | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |    370000 | PA      | $354065.82    | 0.18%             | 2031-03-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                    | Progress Residential 2021-SFR3                                                  | CUSIP: 74333VAJ3<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99037.10     | 0.05%             | 2026-05-17      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    815000 | PA      | $846039.01    | 0.43%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                     | Nelnet Student Loan Trust 2021-B                                                | CUSIP: 64034QAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $98270.50     | 0.05%             | 2062-04-20      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                          | Glencore Funding LLC                                                            | CUSIP: 378272BP2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    650000 | PA      | $701589.49    | 0.35%             | 2030-10-06      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC                         | Arrow Electronics Inc                                                           | CUSIP: 04273WAC5<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44623.86     | 0.02%             | 2032-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Volofin Finance Designated Activity Company   | Volofin Finance Designated Activity Co                                          | CUSIP: 92873RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    183807 | PA      | $187383.39    | 0.09%             | 2037-06-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                       | Arthur J Gallagher & Co                                                         | CUSIP: 04316JAM1<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51013.82     | 0.03%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                    | Navient Student Loan Trust                                                      | CUSIP: 63942TAC9<br>LEI: 549300761SV59SBM0Z40 | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $132099.84    | 0.07%             | 2072-03-15      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                           | Frontier Issuer LLC                                                             | CUSIP: 35910EAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    295000 | PA      | $304416.11    | 0.15%             | 2054-06-20      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                          | Flutter Financing BV 2024 Term Loan B                                           | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    741483 | PA      | $738331.64    | 0.37%             | 2030-11-30      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                    | Navient Private Education Refi Loan Trust 2021-A                                | CUSIP: 63942BAB0<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    135000 | PA      | $108918.26    | 0.05%             | 2069-05-15      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                        | Marlette Funding Trust 2023-2                                                   | CUSIP: 57109LAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5804 | PA      | $5807.16      | 0.00%             | 2033-06-15      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                      | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    285000 | PA      | $274844.90    | 0.14%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                    | Verus Securitization Trust 2021-3                                               | CUSIP: 92539LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    196470 | PA      | $172808.26    | 0.09%             | 2066-06-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                    | Progress Residential 2021-SFR7 Trust                                            | CUSIP: 74333PAL1<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $93219.96     | 0.05%             | 2040-08-17      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                      | MSCI Inc                                                                        | CUSIP: 55354GAR1<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    420000 | PA      | $423477.16    | 0.21%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust              | SMB Private Education Loan Trust 2023-C                                         | CUSIP: 83207DAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $104637.24    | 0.05%             | 2052-11-15      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                           | Turkiye Government International Bond                                           | CUSIP: 900123DR8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    325000 | PA      | $326989.00    | 0.16%             | 2035-09-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404119CQ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51946.97     | 0.03%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                   | Extended Stay America Trust 2025-ESH                                            | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100000.00    | 0.05%             | 2042-10-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds          | Chile Government International Bonds                                            | CUSIP: 168863DQ8<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $123570.00    | 0.06%             | 2061-01-22      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II, LLC            | Compass Datacenters Issuer II LLC                                               | CUSIP: 20469CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $202810.80    | 0.10%             | 2050-05-25      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| AASET 2021-1 Trust                            | Aaset 2021-1 Trust                                                              | CUSIP: 00038PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121368 | PA      | $116360.01    | 0.06%             | 2041-11-16      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co                                                                | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    960000 | PA      | $1007473.08   | 0.51%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                    | Verus Securitization Trust 2021-5                                               | CUSIP: 92538KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    101511 | PA      | $88397.27     | 0.04%             | 2066-09-25      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust           | Exeter Automobile Receivables Trust 2023-3                                      | CUSIP: 301989AF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70000 | PA      | $71623.71     | 0.04%             | 2029-04-16      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                  | UBS Group AG                                                                    | CUSIP: 225401AZ1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    500000 | PA      | $551425.00    | 0.28%             | 2033-08-12      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                      | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBM6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1155000 | PA      | $1149695.74   | 0.58%             | 2034-09-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                       | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    235000 | PA      | $239573.73    | 0.12%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                              | CIFC Funding 2018-I Ltd                                                         | CUSIP: 17181NAC8<br>LEI: 635400VBVF8AYJQBI411 | Long             | ABS-CBDO         | CORP              | KY        |    795000 | PA      | $797704.59    | 0.40%             | 2038-01-18      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC             | Sierra Timeshare 2021-1 Receivables Funding LLC                                 | CUSIP: 82652QAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10012 | PA      | $9931.67      | 0.01%             | 2037-11-20      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                        | Marriott International Inc/MD                                                   | CUSIP: 571903BG7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    165000 | PA      | $151838.62    | 0.08%             | 2031-04-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                         | Uber Technologies Inc                                                           | CUSIP: 90353TAU4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153593.87    | 0.08%             | 2035-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust             | GLS Auto Select Receivables Trust 2024-3                                        | CUSIP: 37989EAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103792.34    | 0.05%             | 2031-08-15      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| SINO-OCEAN GP HLDS LTD                        | Sino-Ocean Group Holding Ltd                                                    | CUSIP: 000000000<br>LEI: 529900OLNN3N4AB8ME83 | Long             | DBT              | CORP              | HK        |    153904 | PA      | $1154.28      | 0.00%             | 2027-03-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                                              | CUSIP: 31395LFN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     88908 | PA      | $91886.89     | 0.05%             | 2035-01-15      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| GLP CAPITAL LP / FIN II                       | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              |  | US        |    190000 | PA      | $170937.66    | 0.09%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST              | WFRBS Commercial Mortgage Trust 2014-C20                                        | CUSIP: 92890FAY2<br>LEI: 549300UVB571ELWL8972 | Long             | ABS-MBS          | CORP              | US        |    112100 | PA      | $100470.81    | 0.05%             | 2047-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Regatta 35 Funding Ltd.                       | Regatta 35 Funding Ltd                                                          | CUSIP: 75903YAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    285000 | PA      | $285926.25    | 0.14%             | 2038-10-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                             | PRPM 2024-7 LLC                                                                 | CUSIP: 74448LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    117002 | PA      | $117039.66    | 0.06%             | 2029-11-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                                     | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    600000 | PA      | $446104.97    | 0.22%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                       | Turkiye Government Bond                                                         | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |  23880000 | PA      | $568329.42    | 0.29%             | 2026-08-12      | Fixed         | 36.00%                | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Bonds                                                             | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11095000 | PA      | $11164343.75  | 5.63%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                 | AppLovin Corp                                                                   | CUSIP: 03831WAC2<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    240000 | PA      | $248274.16    | 0.13%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust              | SMB Private Education Loan Trust 2018-C                                         | CUSIP: 78449QAB3<br>LEI: 549300V1P5RKG8RJI005 | Long             | ABS-O            | CORP              | US        |     37564 | PA      | $37385.37     | 0.02%             | 2035-11-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                | Mariner Finance Issuance Trust 2024-A                                           | CUSIP: 567928AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101914.79    | 0.05%             | 2036-09-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                         | Sixth Street CLO XVIII Ltd                                                      | CUSIP: 83012HAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    285000 | PA      | $285583.68    | 0.14%             | 2038-10-17      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust     | SFS Auto Receivables Securitization Trust 2025-1                                | CUSIP: 81885BAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101834.10    | 0.05%             | 2032-10-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ATLX Trust                                    | ATLX 2024-RPL1 Trust                                                            | CUSIP: 049915AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     90418 | PA      | $87709.67     | 0.04%             | 2064-04-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                      | Shimao Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |    885124 | PA      | $49336.81     | 0.02%             | 2026-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                      | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $162382.57    | 0.08%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust             | GLS Auto Select Receivables Trust 2025-1                                        | CUSIP: 36271FAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $15233.82     | 0.01%             | 2031-02-15      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| SBA Senior Finance II LLC                     | SBA Senior Finance II LLC 2024 Term Loan B                                      | CUSIP: 78404XAJ4<br>LEI: 549300PVT2ADFWMYEW87 | Long             | LON              | CORP              | US        |    202432 | PA      | $203029.52    | 0.10%             | 2031-01-25      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| KYRGYZ REP INTL BOND                          | Kyrgyz Republic International Bond                                              | CUSIP: 50158LAA6<br>LEI: N/A                  | Long             | DBT              | NUSS              | KG        |    225000 | PA      | $226716.75    | 0.11%             | 2030-06-03      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                      | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    620000 | PA      | $392255.05    | 0.20%             | 2062-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                         | Mexico Government International Bond                                            | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    635000 | PA      | $633095.00    | 0.32%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                           | Meritage Homes Corp                                                             | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    285000 | PA      | $277445.08    | 0.14%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                      | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748CC4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    605000 | PA      | $612399.04    | 0.31%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                    | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    465000 | PA      | $402302.02    | 0.20%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust        | GreenSky Home Improvement Trust 2024-1                                          | CUSIP: 39571MAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102789.40    | 0.05%             | 2059-06-25      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Kapitus Asset Securitization LLC              | Kapitus Asset Securitization IV LLC                                             | CUSIP: 48555MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $175789.85    | 0.09%             | 2031-09-10      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust            | Regional Management Issuance Trust 2024-2                                       | CUSIP: 75907AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115000 | PA      | $115981.07    | 0.06%             | 2033-12-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                      | Foundation Finance Trust 2023-2                                                 | CUSIP: 35042RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90094 | PA      | $94048.74     | 0.05%             | 2049-06-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                       | Canadian Natural Resources Ltd                                                  | CUSIP: 136385BC4<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   1150000 | PA      | $1171217.83   | 0.59%             | 2034-12-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                    | Affirm Asset Securitization Trust 2024-X2                                       | CUSIP: 00833QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24032 | PA      | $24107.75     | 0.01%             | 2029-12-17      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                      | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    865000 | PA      | $789990.23    | 0.40%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust              | SMB Private Education Loan Trust 2021-A                                         | CUSIP: 78448YAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     94824 | PA      | $93893.63     | 0.05%             | 2053-01-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                         | Amrize Finance US LLC                                                           | CUSIP: 43475RAD8<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    275000 | PA      | $283287.62    | 0.14%             | 2035-04-07      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD ASSET MANAGEM                      | Brookfield Asset Management Ltd                                                 | CUSIP: 113004AA3<br>LEI: 549300CZ84WPNJZKY093 | Long             | DBT              | CORP              | CA        |    140000 | PA      | $146580.12    | 0.07%             | 2035-04-24      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust           | Exeter Automobile Receivables Trust 2023-5                                      | CUSIP: 30168DAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $296295.49    | 0.15%             | 2030-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                       | DCP Midstream Operating LP                                                      | CUSIP: 26439XAH6<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131880.85    | 0.07%             | 2036-11-03      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Willis Engine Securitization Trust            | Willis Engine Structured Trust VII                                              | CUSIP: 97064YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280945 | PA      | $290800.50    | 0.15%             | 2048-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust | JP Morgan Chase Commercial Mortgage Securities Trust 2025-BMS                   | CUSIP: 46596CAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $99770.90     | 0.05%             | 2042-01-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT                      | Shimao Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |      8000 | PA      | $335.12       | 0.00%             | 2031-07-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                          | Republic of Uzbekistan International Bond                                       | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    120000 | PA      | $146329.18    | 0.07%             | 2029-02-25      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Owens Corning                                 | Owens Corning                                                                   | CUSIP: 690742AB7<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |    778000 | PA      | $889352.39    | 0.45%             | 2036-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                   | RAD CLO 26 Ltd                                                                  | CUSIP: 75009VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    370000 | PA      | $371974.32    | 0.19%             | 2037-10-20      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                    | Fiserv Inc                                                                      | CUSIP: 337738BP2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225834.22    | 0.11%             | 2031-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Crown City CLO I                              | Crown City CLO I                                                                | CUSIP: 22823RAW9<br>LEI: 549300K60T4GC7BSX929 | Long             | ABS-CBDO         | CORP              | KY        |    255000 | PA      | $255779.28    | 0.13%             | 2038-07-20      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Eaton Vance CLO 2022-16 Ltd    | Morgan Stanley Eaton Vance CLO 2022-16 LLC                                      | CUSIP: 61774JAE4<br>LEI: 549300UB5I7DBJFKJF40 | Long             | ABS-CBDO         | CORP              | KY        |    530000 | PA      | $531605.90    | 0.27%             | 2035-04-15      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                            | Energy Transfer LP                                                              | CUSIP: 29273VAU4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $164068.27    | 0.08%             | 2033-12-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                             | PRPM 2025-2 LLC                                                                 | CUSIP: 69382HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     93181 | PA      | $93519.36     | 0.05%             | 2030-05-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                    | Progress Residential 2022-SFR5 Trust                                            | CUSIP: 74332YAC3<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100159.85    | 0.05%             | 2039-06-17      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                          | Republic of Uzbekistan International Bond                                       | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    330000 | PA      | $399629.35    | 0.20%             | 2027-05-29      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust           | Exeter Automobile Receivables Trust 2022-6                                      | CUSIP: 30168AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     44483 | PA      | $44665.76     | 0.02%             | 2028-05-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                              | T-Mobile USA Inc                                                                | CUSIP: 87264ADM4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    375000 | PA      | $368287.68    | 0.19%             | 2035-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust  | American Credit Acceptance Receivables Trust 2022-4                             | CUSIP: 02529XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13694 | PA      | $13850.87     | 0.01%             | 2029-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                               | Fair Isaac Corp                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |     95000 | PA      | $96182.10     | 0.05%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                         | Sixth Street CLO XV Ltd                                                         | CUSIP: 83012BAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251334.75    | 0.13%             | 2037-10-24      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                       | Arthur J Gallagher & Co                                                         | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131537.06    | 0.07%             | 2035-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust              | OneMain Financial Issuance Trust 2021-1                                         | CUSIP: 68269MAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240000 | PA      | $224775.14    | 0.11%             | 2036-06-16      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                    | Navient Private Education Refi Loan Trust 2021-F                                | CUSIP: 63942GAB9<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    195000 | PA      | $141182.36    | 0.07%             | 2070-02-18      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                        | First Brands Group LLC 2021 Term Loan                                           | CUSIP: 31935HAD9<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |     70000 | PA      | $24625.30     | 0.01%             | 2027-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                      | Host Hotels & Resorts LP                                                        | CUSIP: 44107TBC9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |    610000 | PA      | $614024.29    | 0.31%             | 2035-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                         | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    180000 | PA      | $203167.49    | 0.10%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                            | VICI Properties LP                                                              | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |     45000 | PA      | $45442.91     | 0.02%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                       | Energean Israel Finance Ltd                                                     | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |    280000 | PA      | $275058.00    | 0.14%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 31403DVL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4550 | PA      | $4694.81      | 0.00%             | 2036-09-01      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                      | SMBC Aviation Capital Finance DAC                                               | CUSIP: 78448TAH5<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    300000 | PA      | $307542.75    | 0.16%             | 2028-05-03      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404119BY4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    205000 | PA      | $197530.36    | 0.10%             | 2039-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Vericrest Opportunity Loan Transferee         | VOLT XCVII LLC                                                                  | CUSIP: 91835EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17043 | PA      | $17040.32     | 0.01%             | 2051-04-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| Australia Government Bonds                    | Australia Government Bonds                                                      | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |   1140000 | PA      | $636397.20    | 0.32%             | 2031-11-21      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | CarMax Auto Owner Trust 2021-3                                                  | CUSIP: 14317DAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99859.50     | 0.05%             | 2028-01-18      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                    | CUSIP: 11135FBF7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    145000 | PA      | $127291.01    | 0.06%             | 2033-02-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                  | CSMC 2014-USA OA LLC                                                            | CUSIP: 12649AAJ8<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $85975.00     | 0.04%             | 2037-09-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                              | T-Mobile USA Inc                                                                | CUSIP: 87264ADC6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    225000 | PA      | $238414.41    | 0.12%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | CarMax Auto Owner Trust 2024-2                                                  | CUSIP: 14319EAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195000 | PA      | $200428.61    | 0.10%             | 2029-11-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                 | EchoStar Corp                                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1223109 | PA      | $1345627.83   | 0.68%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| MVW Owner Trust                               | MVW 2021-1W LLC                                                                 | CUSIP: 55389TAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18383 | PA      | $17692.86     | 0.01%             | 2041-01-22      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                    | Flagship Credit Auto Trust 2021-2                                               | CUSIP: 33844WAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $172520.43    | 0.09%             | 2027-06-15      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                | Crockett Partners Equipment Co IIA LLC                                          | CUSIP: 22689LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    193030 | PA      | $195283.21    | 0.10%             | 2031-01-20      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                      | Macquarie Airfinance Holdings Ltd                                               | CUSIP: 55609NAE8<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     95000 | PA      | $96328.06     | 0.05%             | 2030-03-17      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                       | Romanian Government International Bond                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    185000 | PA      | $221423.90    | 0.11%             | 2039-07-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust        | GreenSky Home Improvement Issuer Trust 2024-2                                   | CUSIP: 39571XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     54150 | PA      | $54932.31     | 0.03%             | 2059-10-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC             | Sierra Timeshare 2023-3 Receivables Funding LLC                                 | CUSIP: 826944AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50663 | PA      | $52259.06     | 0.03%             | 2040-09-20      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                 | ZF North America Capital Inc                                                    | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    230000 | PA      | $220203.56    | 0.11%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 2YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       116 | NC      | $11088.01     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SCOTT Trust 2023-SFS                          | SCOTT Trust 2023-SFS                                                            | CUSIP: 810064AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105000 | PA      | $107979.65    | 0.05%             | 2040-03-10      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                      | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAZ4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    165000 | PA      | $169254.58    | 0.09%             | 2030-05-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                   | Legacy Mortgage Asset Trust 2020-RPL1                                           | CUSIP: 52474HAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    485000 | PA      | $440642.43    | 0.22%             | 2059-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                   | Aker BP ASA                                                                     | CUSIP: 00973RAN3<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    520000 | PA      | $511149.89    | 0.26%             | 2034-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust         | Westlake Automobile Receivables Trust 2025-1                                    | CUSIP: 96043VAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101939.10    | 0.05%             | 2030-11-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                               | Cemex SAB de CV                                                                 | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    430000 | PA      | $408091.07    | 0.21%             | 2031-07-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp                           | Sprint Capital Corp                                                             | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    585000 | PA      | $712696.03    | 0.36%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust                | Home Partners of America 2021-2 Trust                                           | CUSIP: 43732VAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    398191 | PA      | $385939.56    | 0.19%             | 2026-12-17      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners Ltd               | Octagon Investment Partners 18-R Ltd                                            | CUSIP: 67576FAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300125.97    | 0.15%             | 2031-04-16      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                     | MSBAM Commercial Mortgage Securities Trust 2012-CKSV                            | CUSIP: 553514AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     81324 | PA      | $77461.06     | 0.04%             | 2030-10-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                       | NYMT Loan Trust Series 2024-BPL3                                                | CUSIP: 67119RAA5<br>LEI: 254900Q6RDCV3HGA6340 | Long             | ABS-MBS          | CORP              | US        |    145000 | PA      | $145164.89    | 0.07%             | 2039-09-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| Hin Timeshare Trust                           | HINNT 2024-A LLC                                                                | CUSIP: 40472QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     52083 | PA      | $53074.93     | 0.03%             | 2043-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                   | Extended Stay America Trust 2021-ESH                                            | CUSIP: 30227FAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    118059 | PA      | $118058.70    | 0.06%             | 2038-07-15      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US ULTRA BOND CBT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        20 | NC      | $61833.64     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRCASTLE LTD                                 | Aircastle Ltd                                                                   | CUSIP: 00928QAY7<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    125000 | PA      | $130363.11    | 0.07%             | 2029-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                      | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings Inc / JBS USA Food Co   | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $296150.90    | 0.15%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                             | Brown & Brown Inc                                                               | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87435.38     | 0.04%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust                | Home Partners of America 2021-1 Trust                                           | CUSIP: 437300AJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     82493 | PA      | $72081.61     | 0.04%             | 2041-09-17      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                           | Synchrony Financial                                                             | CUSIP: 87165BAV5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    195000 | PA      | $202123.78    | 0.10%             | 2030-08-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                      | AT&T Inc                                                                        | CUSIP: 00206RMY5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    565000 | PA      | $581909.50    | 0.29%             | 2035-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                    | Progress Residential Trust                                                      | CUSIP: 74333HAL9<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $97887.18     | 0.05%             | 2038-07-17      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                 | DISH DBS Corp                                                                   | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $254039.60    | 0.13%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Zayo Issuer LLC                               | Zayo Issuer LLC                                                                 | CUSIP: 98919WAN3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $404244.40    | 0.20%             | 2055-10-20      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust       | Securitized Term Auto Receivables Trust                                         | CUSIP: 81378RAB0<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |     70876 | PA      | $71411.20     | 0.04%             | 2031-07-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                         | Citadel Securities LP 2024 First Lien Term Loan                                 | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |    101360 | PA      | $101525.37    | 0.05%             | 2031-10-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| SINO-OCEAN GP HLDS LTD                        | Sino-Ocean Group Holding Ltd                                                    | CUSIP: 000000000<br>LEI: 529900OLNN3N4AB8ME83 | Long             | DBT              | CORP              | HK        |     62272 | PA      | $8088.20      | 0.00%             | 2033-03-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GCAT                                          | GCAT 2019-RPL1 Trust                                                            | CUSIP: 36167CAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     73792 | PA      | $71907.71     | 0.04%             | 2068-10-25      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                    | Leidos Inc                                                                      | CUSIP: 52532XAL9<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    325000 | PA      | $336740.86    | 0.17%             | 2035-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                               | Cemex SAB de CV                                                                 | CUSIP: 151290BZ5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    655000 | PA      | $621627.10    | 0.31%             | 2031-07-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                         | Micron Technology Inc                                                           | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213687.64    | 0.11%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                      | SMBC Aviation Capital Finance DAC                                               | CUSIP: 78448TAN2<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    295000 | PA      | $301463.48    | 0.15%             | 2030-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust | JP Morgan Chase Commercial Mortgage Securities Trust 2012-LC9                   | CUSIP: 46639EAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    149341 | PA      | $144868.02    | 0.07%             | 2047-12-15      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                  | Ford Credit Auto Lease Trust 2023-B                                             | CUSIP: 34529NAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90000 | PA      | $90865.80     | 0.05%             | 2028-06-15      | Fixed         | 6.97%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                          | Glencore Funding LLC                                                            | CUSIP: 378272BL1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $264025.00    | 0.13%             | 2033-05-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                       | Jefferies Financial Group Inc                                                   | CUSIP: 472319AC6<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    733000 | PA      | $781556.25    | 0.39%             | 2036-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                              | Antares Holdings LP                                                             | CUSIP: 03666HAE1<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    955000 | PA      | $928587.04    | 0.47%             | 2027-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                    | Flagship Credit Auto Trust 2021-1                                               | CUSIP: 33843WAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98162 | PA      | $97251.81     | 0.05%             | 2027-03-15      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                    | VMware LLC                                                                      | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    460000 | PA      | $405730.34    | 0.20%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ATLX Trust                                    | ATLX 2024-RPL2 Trust                                                            | CUSIP: 049919AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115203 | PA      | $111045.16    | 0.06%             | 2063-04-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                    | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    400000 | PA      | $365040.37    | 0.18%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN HLDGS                          | Country Garden Holdings Co Ltd                                                  | CUSIP: 000000000<br>LEI: 549300MGHLPT1EFHGF84 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $21030.00     | 0.01%             | 2031-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                      | Foundation Finance Trust 2025-1                                                 | CUSIP: 35040WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     82048 | PA      | $83130.84     | 0.04%             | 2050-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Lex Commercial Loan Master Trust              | LEX 2024-BBG Mortgage Trust                                                     | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100713.30    | 0.05%             | 2033-10-13      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                    | Progress Residential Trust                                                      | CUSIP: 74333HAJ4<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $146833.74    | 0.07%             | 2038-07-17      | Fixed         | 2.42%                 | No            |                  2 | On Loan: No      |
| TRIMBLE INC                                   | Trimble Inc                                                                     | CUSIP: 896239AE0<br>LEI: 549300E2MI7NSZFQWS19 | Long             | DBT              | CORP              | US        |    450000 | PA      | $483741.88    | 0.24%             | 2033-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/VA          | TOBACCO SETTLEMENT FING CORP VA                                                 | CUSIP: 88880NAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $587452.32    | 0.30%             | 2046-06-01      | Fixed         | 6.71%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                     | Jabil Inc                                                                       | CUSIP: 466313AJ2<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    375000 | PA      | $361650.74    | 0.18%             | 2030-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128223.80    | 0.06%             | 2034-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                  | Drive Auto Receivables Trust 2025-2                                             | CUSIP: 262103AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $199706.40    | 0.10%             | 2032-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                 | Carnival Corp                                                                   | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    280000 | PA      | $275997.57    | 0.14%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                  | CUSIP: 61747YES0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    345000 | PA      | $350011.26    | 0.18%             | 2037-04-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORP                           | Otis Worldwide Corp                                                             | CUSIP: 68902VAS6<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86003.91     | 0.04%             | 2035-09-04      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                  | GS Mortgage Securities Corp Trust 2013-PEMB                                     | CUSIP: 36197VAC2<br>LEI: 549300E4QCAQ0FY44H36 | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $72500.00     | 0.04%             | 2033-03-05      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                          | FirstKey Homes 2021-SFR2 Trust                                                  | CUSIP: 33767TAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $101723.80    | 0.05%             | 2038-09-17      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust                           | Affirm Master Trust                                                             | CUSIP: 00833BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    230000 | PA      | $231878.18    | 0.12%             | 2033-02-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Auxilior Term Funding LLC                     | Auxilior Term Funding 2023-1 LLC                                                | CUSIP: 05335JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     31306 | PA      | $31534.38     | 0.02%             | 2028-12-15      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                               | DR Horton Inc                                                                   | CUSIP: 23331ABU2<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |    170000 | PA      | $176255.73    | 0.09%             | 2035-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp                          | Western Digital Corp                                                            | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |     58000 | PA      | $57966.15     | 0.03%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                    | Progress Residential 2021-SFR3                                                  | CUSIP: 74333VAL8<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99062.81     | 0.05%             | 2026-05-17      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Bonds                                                             | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6880000 | PA      | $7144450.00   | 3.60%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                 | Aircastle Ltd                                                                   | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    420000 | PA      | $441352.49    | 0.22%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited              | Bain Capital Credit CLO 2022-4 Ltd                                              | CUSIP: 05685BAQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    265000 | PA      | $266037.21    | 0.13%             | 2037-10-16      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                          | Pilgrim's Pride Corp                                                            | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    300000 | PA      | $274601.49    | 0.14%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                      | EQT Corp                                                                        | CUSIP: 26884LAN9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    385000 | PA      | $360003.55    | 0.18%             | 2031-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                 | Carnival Corp                                                                   | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    325000 | PA      | $330745.35    | 0.17%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                  | GS Mortgage Securities Corp Trust 2013-PEMB                                     | CUSIP: 36197VAA6<br>LEI: 549300E4QCAQ0FY44H36 | Long             | ABS-MBS          | CORP              | US        |    115000 | PA      | $97175.00     | 0.05%             | 2033-03-05      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                      | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    550000 | PA      | $506491.41    | 0.26%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds    | Philippines Government International Bonds                                      | CUSIP: 718286DH7<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    400000 | PA      | $426072.58    | 0.21%             | 2050-02-04      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                                | PulteGroup Inc                                                                  | CUSIP: 745867AT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    981000 | PA      | $1051366.87   | 0.53%             | 2035-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                          | Pilgrim's Pride Corp                                                            | CUSIP: 72147KAJ7<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    395000 | PA      | $381783.93    | 0.19%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC      | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RHY3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    330000 | PA      | $341843.04    | 0.17%             | 2030-06-20      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                | TD SYNNEX Corp                                                                  | CUSIP: 87162WAL4<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |    290000 | PA      | $308303.72    | 0.16%             | 2034-04-12      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                                            | CUSIP: 06051GKY4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45979.52     | 0.02%             | 2033-07-22      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Recette CLO LLC                               | Recette Clo Ltd                                                                 | CUSIP: 75620TAX6<br>LEI: 549300392I5L5XOJ0016 | Long             | ABS-CBDO         | CORP              | KY        |    360000 | PA      | $360201.60    | 0.18%             | 2034-04-20      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                        | Pacific Gas and Electric Co                                                     | CUSIP: 694308JT5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    140000 | PA      | $128736.20    | 0.06%             | 2031-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                        | Aviation Capital Group LLC                                                      | CUSIP: 05369AAP6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    550000 | PA      | $584969.06    | 0.29%             | 2028-10-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                  | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    425000 | PA      | $444973.64    | 0.22%             | 2039-02-07      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                           | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    705000 | PA      | $722875.81    | 0.36%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                             | L3Harris Technologies Inc                                                       | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    415000 | PA      | $432570.49    | 0.22%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO VIII Ltd                          | Elmwood CLO VIII Ltd                                                            | CUSIP: 29003EAY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    275000 | PA      | $276788.05    | 0.14%             | 2037-04-20      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                            | Steel Dynamics Inc                                                              | CUSIP: 858119BS8<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    210000 | PA      | $214581.77    | 0.11%             | 2035-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust  | American Credit Acceptance Receivables Trust 2023-3                             | CUSIP: 02530EAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $107408.68    | 0.05%             | 2029-10-12      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                                            | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    611000 | PA      | $530455.27    | 0.27%             | 2036-09-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                  | Centene Corp                                                                    | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    650000 | PA      | $630094.54    | 0.32%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| STEWART INFORMATION SERV                      | Stewart Information Services Corp                                               | CUSIP: 86038AAA0<br>LEI: 529900TV1XI0PLKENU10 | Long             | DBT              | CORP              | US        |    555000 | PA      | $497168.26    | 0.25%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                        | Pacific Gas and Electric Co                                                     | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44687.42     | 0.02%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ATLASSIAN CORPORATION                         | Atlassian Corp                                                                  | CUSIP: 049468AB7<br>LEI: 549300V7ZY5P02D2MY38 | Long             | DBT              | CORP              | US        |    700000 | PA      | $721145.08    | 0.36%             | 2034-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II, LLC            | Compass Datacenters Issuer II LLC                                               | CUSIP: 20469AAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $301441.86    | 0.15%             | 2049-08-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer III, LLC           | Compass Datacenters Issuer III LLC                                              | CUSIP: 20469BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $204143.00    | 0.10%             | 2050-02-25      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                      | Octane Receivables Trust 2024-2                                                 | CUSIP: 67578YAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $122339.40    | 0.06%             | 2032-07-20      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| SLAM 2021-1 LLC                               | Slam 2021-1 Ltd                                                                 | CUSIP: 78449AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    399648 | PA      | $376954.18    | 0.19%             | 2046-06-15      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| BX Trust                                      | BX Trust 2025-VLT7                                                              | CUSIP: 123913AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $110230.01    | 0.06%             | 2044-07-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                   | Extended Stay America Trust 2021-ESH                                            | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84328 | PA      | $84327.66     | 0.04%             | 2038-07-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust              | SMB Private Education Loan Trust 2021-B                                         | CUSIP: 78449YAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $187483.88    | 0.09%             | 2051-07-17      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust                           | Affirm Master Trust Series 2025-3                                               | CUSIP: 00833BAP3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99869.81     | 0.05%             | 2034-10-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTL INC                        | Choice Hotels International Inc                                                 | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97160.38     | 0.05%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust    | JPMBB Commercial Mortgage Securities Trust 2015-C32                             | CUSIP: 46590JAW7<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |     89751 | PA      | $89033.06     | 0.04%             | 2048-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                          | Targa Resources Corp                                                            | CUSIP: 87612GAK7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     95000 | PA      | $96666.92     | 0.05%             | 2035-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                      | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    310000 | PA      | $279317.70    | 0.14%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                        | Motorola Solutions Inc                                                          | CUSIP: 620076CC1<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    785000 | PA      | $817789.02    | 0.41%             | 2035-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GITSIT Mortgage Loan Trust                    | GITSIT Mortgage Loan Trust 2025-NPL1                                            | CUSIP: 375926AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    440092 | PA      | $441287.01    | 0.22%             | 2055-02-25      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                              | CSC Holdings LLC                                                                | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    800000 | PA      | $280677.28    | 0.14%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| INVESCO CLO 2021-1, Ltd                       | Invesco CLO 2021-1 Ltd                                                          | CUSIP: 46090XAJ0<br>LEI: 25490016C8NV86EY2059 | Long             | ABS-CBDO         | CORP              | KY        |    255000 | PA      | $254377.80    | 0.13%             | 2034-04-15      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                            | Subway Funding LLC                                                              | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    198500 | PA      | $198295.15    | 0.10%             | 2054-07-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL                      | Viper Energy Partners LLC                                                       | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    750000 | PA      | $762540.00    | 0.38%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC                | VCAT 2025-NPL3 LLC                                                              | CUSIP: 92243QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    351774 | PA      | $352143.21    | 0.18%             | 2055-02-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust         | Westlake Automobile Receivables Trust 2024-2                                    | CUSIP: 96042YAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101671.70    | 0.05%             | 2030-04-15      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                             | Herc Holdings Inc Term Loan B                                                   | CUSIP: 000000000<br>LEI: 549300TP80QLITMSBP82 | Long             | LON              | CORP              | US        |     85000 | PA      | $85318.75     | 0.04%             | 2032-06-02      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                  | UBS Group AG                                                                    | CUSIP: 902613BQ0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    235000 | PA      | $244613.28    | 0.12%             | 2036-05-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                          | Birch Grove CLO 7 Ltd                                                           | CUSIP: 09077RAL3<br>LEI: 254900FP4VB7V5ZG0W95 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250109.25    | 0.13%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust         | Westlake Automobile Receivables Trust 2023-3                                    | CUSIP: 96041CAN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185000 | PA      | $190455.84    | 0.10%             | 2029-03-15      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| RCO Mortgage LLC                              | RCO IX Mortgage LLC 2025-2                                                      | CUSIP: 754930AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    414449 | PA      | $415899.92    | 0.21%             | 2030-04-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                            | Energy Transfer LP                                                              | CUSIP: 29273VBE9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    465000 | PA      | $480149.46    | 0.24%             | 2035-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                 | UniCredit SpA                                                                   | CUSIP: 904678AS8<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    540000 | PA      | $544412.12    | 0.27%             | 2035-06-30      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN                      | Brighthouse Financial Inc                                                       | CUSIP: 10922NAF0<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |    159000 | PA      | $126728.50    | 0.06%             | 2047-06-22      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust             | Credit Acceptance Auto Loan Trust 2024-1                                        | CUSIP: 22537GAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102912.25    | 0.05%             | 2034-07-17      | Fixed         | 6.71%                 | No            |                  2 | On Loan: No      |
| WF-RBS Commercial Mortgage Trust              | WFRBS Commercial Mortgage Trust 2011-C3                                         | CUSIP: 92935VAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     23890 | PA      | $8600.39      | 0.00%             | 2044-03-15      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                     | Boeing Co/The                                                                   | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $408152.86    | 0.21%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                      | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    205000 | PA      | $186757.44    | 0.09%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                       | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AS8<br>LEI: N/A                  | Long             | DBT              |  | US        |     50000 | PA      | $54177.90     | 0.03%             | 2033-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                              | CIFC Funding 2019-IV Ltd                                                        | CUSIP: 17182XAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250986.25    | 0.13%             | 2038-07-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC                          | Blue Owl Finance LLC                                                            | CUSIP: 09581JAT3<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |    555000 | PA      | $582041.60    | 0.29%             | 2034-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WHISTLER PIPELINE LLC                         | Whistler Pipeline LLC                                                           | CUSIP: 96337RAB8<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114354.52    | 0.06%             | 2031-09-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                     | BPR Trust 2022-STAR                                                             | CUSIP: 055980AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    290000 | PA      | $289964.97    | 0.15%             | 2039-08-15      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust             | Credit Acceptance Auto Loan Trust 2024-2                                        | CUSIP: 22536VAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $108788.04    | 0.05%             | 2034-10-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                           | American Tower Corp                                                             | CUSIP: 03027XCH1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    225000 | PA      | $233760.17    | 0.12%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TIF Funding II LLC                            | TIF Funding II LLC                                                              | CUSIP: 872480AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180767 | PA      | $164886.21    | 0.08%             | 2046-02-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                          | Glencore Funding LLC                                                            | CUSIP: 378272BE7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    645000 | PA      | $591617.54    | 0.30%             | 2031-04-27      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| EverBright Solar Trust                        | EverBright Solar Trust 2024-A                                                   | CUSIP: 29977FAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    119561 | PA      | $111728.65    | 0.06%             | 2054-06-22      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co                                                                | CUSIP: 95000U4B6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    325000 | PA      | $324350.41    | 0.16%             | 2036-09-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                             | Expedia Group Inc                                                               | CUSIP: 30212PBH7<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |    330000 | PA      | $305950.40    | 0.15%             | 2031-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                 | Boeing Co/The                                                                   | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    120000 | PA      | $132655.94    | 0.07%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                                            | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    235000 | PA      | $209904.57    | 0.11%             | 2031-07-23      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                | OWN Equipment Fund II LLC                                                       | CUSIP: 690912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130342 | PA      | $131321.76    | 0.07%             | 2033-09-26      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities, LLC                  | Business Jet Securities 2024-2 LLC                                              | CUSIP: 12326TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    283411 | PA      | $284598.76    | 0.14%             | 2039-09-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                       | SCF Equipment Leasing 2022-1 LLC                                                | CUSIP: 784033AJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99355.37     | 0.05%             | 2031-11-20      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust  | American Credit Acceptance Receivables Trust 2023-4                             | CUSIP: 02530CAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $207474.00    | 0.10%             | 2030-09-12      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                       | DCP Midstream Operating LP                                                      | CUSIP: 23311VAK3<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    240000 | PA      | $218718.06    | 0.11%             | 2032-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                        | General Motors Financial Co Inc                                                 | CUSIP: 37045XEG7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83670.81     | 0.04%             | 2030-04-06      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2023-DNA2                                         | CUSIP: 35564KT58<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | USGSE             | US        |     78331 | PA      | $79406.07     | 0.04%             | 2043-04-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                    | Progress Residential 2021-SFR9 Trust                                            | CUSIP: 74333QAJ4<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $93285.75     | 0.05%             | 2040-11-17      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC          | PRET 2025-NPL6 LLC                                                              | CUSIP: 740936AA7<br>LEI: 2549004EWBYQ3J21FL07 | Long             | ABS-O            | CORP              | US        |    144115 | PA      | $143627.71    | 0.07%             | 2055-06-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Avant Credit Card Master Trust                | Avant Credit Card Master Trust 2025-1                                           | CUSIP: 05351KAQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $199343.80    | 0.10%             | 2031-04-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | CarMax Auto Owner Trust 2024-2                                                  | CUSIP: 14319EAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5000 | PA      | $5161.80      | 0.00%             | 2030-10-15      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                          | Glencore Funding LLC                                                            | CUSIP: 378272BQ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1476674.24   | 0.74%             | 2033-10-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                      | Western Midstream Operating LP                                                  | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    340000 | PA      | $359182.96    | 0.18%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                      | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    180000 | PA      | $164925.00    | 0.08%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC            | CyrusOne Data Centers Issuer I LLC                                              | CUSIP: 23284BAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $169985.38    | 0.09%             | 2049-05-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                             | PRPM 2025-RCF1 LLC                                                              | CUSIP: 74390RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125220 | PA      | $124336.16    | 0.06%             | 2055-02-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust 2024-2                            | CUSIP: 10805MAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $203562.18    | 0.10%             | 2030-02-15      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| TEREX CORPORATION                             | Terex Corporation 2025 Term Loan                                                | CUSIP: 88078FBQ0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | LON              | CORP              | US        |     75241 | PA      | $75316.66     | 0.04%             | 2031-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN CO LLC                         | Teva Pharmaceutical Finance Co LLC                                              | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |    210000 | PA      | $219886.80    | 0.11%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                       | Royal Caribbean Cruises Ltd                                                     | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     40000 | PA      | $40233.27     | 0.02%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404119DB2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    175000 | PA      | $182957.99    | 0.09%             | 2035-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                    | LAD Auto Receivables Trust 2023-3                                               | CUSIP: 50168BAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $123226.32    | 0.06%             | 2028-12-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                   | Paychex Inc                                                                     | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    170000 | PA      | $177969.96    | 0.09%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust      | Castlelake Aircraft Structured Trust 2019-1                                     | CUSIP: 14855MAA6<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |     75362 | PA      | $74456.46     | 0.04%             | 2039-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC                      | OBX 2021-NQM3 Trust                                                             | CUSIP: 67114JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105041 | PA      | $86513.57     | 0.04%             | 2061-07-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                  | Synopsys Inc                                                                    | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    340000 | PA      | $343138.48    | 0.17%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust | BHG Securitization Trust 2023-B                                                 | CUSIP: 08862GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    156082 | PA      | $163117.23    | 0.08%             | 2036-12-17      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                 | AppLovin Corp                                                                   | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    230000 | PA      | $235291.43    | 0.12%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TIMES CHINA HLDG LTD                          | Times China Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 2549000KTINB9ZPZP710 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $6700.00      | 0.00%             | 2026-03-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                | Whirlpool Corp                                                                  | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19958.82     | 0.01%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                              | CSC Holdings LLC                                                                | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $130971.00    | 0.07%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                        | Motorola Solutions Inc                                                          | CUSIP: 620076BZ1<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    515000 | PA      | $533821.88    | 0.27%             | 2034-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                | Carvana Auto Receivables Trust 2024-N2                                          | CUSIP: 14687VAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103449.60    | 0.05%             | 2030-09-10      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                 | Boeing Co/The                                                                   | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |      2858 | NS      | $198831.06    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VCAT Asset Securitization, LLC                | VCAT 2025-NPL1 LLC                                                              | CUSIP: 921962AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148783 | PA      | $149101.43    | 0.08%             | 2055-01-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| NMLT Trust                                    | NLT 2023-1 Trust                                                                | CUSIP: 62917MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215902 | PA      | $196680.34    | 0.10%             | 2062-10-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                 | DISH DBS Corp                                                                   | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $167041.03    | 0.08%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                         | Continental Resources Inc/OK                                                    | CUSIP: 212015AV3<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1176401.26   | 0.59%             | 2032-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                    | Flagship Credit Auto Trust 2023-3                                               | CUSIP: 33846BAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40000 | PA      | $39259.13     | 0.02%             | 2029-08-15      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC          | PRET 2025-NPL3 LLC                                                              | CUSIP: 74143HAA3<br>LEI: 254900UGRYVHG7BY6M45 | Long             | ABS-O            | CORP              | US        |    154035 | PA      | $154016.54    | 0.08%             | 2055-04-25      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust              | SMB Private Education Loan Trust 2024-A                                         | CUSIP: 831943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    102489 | PA      | $104696.07    | 0.05%             | 2056-03-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Masco Corp                                    | Masco Corp                                                                      | CUSIP: 574599AY2<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    211000 | PA      | $231577.79    | 0.12%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                     | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30                     | CUSIP: 61766NBG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    495000 | PA      | $437607.27    | 0.22%             | 2049-09-15      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                              | COLT 2021-6 Mortgage Loan Trust                                                 | CUSIP: 12658YAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    360107 | PA      | $328883.05    | 0.17%             | 2066-12-25      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC           | Hilton Grand Vacations Borrower LLC 2021 Term Loan B                            | CUSIP: 43283LAH4<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |     13467 | PA      | $13445.03     | 0.01%             | 2028-08-02      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORPORATION                           | Novelis Corporation 2025 Term Loan B                                            | CUSIP: 67000LAB8<br>LEI: 549300ZJQN1PEAT42X90 | Long             | LON              | CORP              | US        |    422875 | PA      | $423496.63    | 0.21%             | 2032-03-11      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                         | Silver Point CLO 12 Ltd                                                         | CUSIP: 82809MAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    325000 | PA      | $325140.40    | 0.16%             | 2038-10-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Applebees/IHOP Funding LLC                    | Applebee's Funding LLC / IHOP Funding LLC                                       | CUSIP: 03789XAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    705000 | PA      | $712781.79    | 0.36%             | 2055-06-07      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust | BHG Securitization Trust 2025-1CON                                              | CUSIP: 08860AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98684 | PA      | $99131.93     | 0.05%             | 2036-04-17      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust                | Home Partners of America 2021-2 Trust                                           | CUSIP: 43732VAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    206292 | PA      | $199829.88    | 0.10%             | 2026-12-17      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                            | Steel Dynamics Inc                                                              | CUSIP: 858119BQ2<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    330000 | PA      | $341152.96    | 0.17%             | 2034-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust  | American Credit Acceptance Receivables Trust 2025-1                             | CUSIP: 02528DAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101263.56    | 0.05%             | 2031-08-12      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| NATL LIFE INSURANCE-VRMT                      | National Life Insurance Co                                                      | CUSIP: 636792AA1<br>LEI: 0JRPR7R1EOV4Z2M47L22 | Long             | DBT              | CORP              | US        |   1488000 | PA      | $1975126.56   | 1.00%             | 2039-09-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                   | Extended Stay America Trust 2021-ESH                                            | CUSIP: 30227FAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    337310 | PA      | $337310.46    | 0.17%             | 2038-07-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                        | Extra Space Storage LP                                                          | CUSIP: 30225VAG2<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |    125000 | PA      | $108484.78    | 0.05%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                         | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    170000 | PA      | $178951.76    | 0.09%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NLV FINANCIAL CORP                            | NLV Financial Corp                                                              | CUSIP: 65486AAA1<br>LEI: UV78A3V7RXYC94JD0985 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1701663.60   | 0.86%             | 2033-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUST               | Stream Innovations 2024-2 Issuer Trust                                          | CUSIP: 86324EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100455 | PA      | $101739.63    | 0.05%             | 2045-02-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                           | Ashtead Capital Inc                                                             | CUSIP: 045054AR4<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $211404.74    | 0.11%             | 2033-10-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC          | PRET 2025-NPL8 LLC                                                              | CUSIP: 69392EAA8<br>LEI: 254900EZKI569P0YE486 | Long             | ABS-O            | CORP              | US        |    372905 | PA      | $374194.67    | 0.19%             | 2055-08-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Open Text Corporation                         | Open Text Corporation 2023 Term Loan B                                          | CUSIP: 68371YAP8<br>LEI: 549300HP7ONDQODZJV16 | Long             | LON              | CORP              | CA        |    502194 | PA      | $501530.89    | 0.25%             | 2030-01-31      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                      | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |     85000 | PA      | $89980.79     | 0.05%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CHI Commercial Mortgage Trust                 | CHI Commercial Mortgage Trust 2025-SFT                                          | CUSIP: 16706GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $820056.48    | 0.41%             | 2042-04-15      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| DK CROWN HOLDINGS INC                         | DK Crown Holdings Inc 2025 Term Loan B                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    293525 | PA      | $292976.11    | 0.15%             | 2032-03-04      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                    | CUSIP: 11135FBT7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127486.46    | 0.06%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                  | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1050974.78   | 0.53%             | 2032-02-13      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                       | United Rentals North America Inc                                                | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    475000 | PA      | $493915.93    | 0.25%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Jack in the Box Funding, LLC                  | Jack in the Box Funding LLC                                                     | CUSIP: 466365AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    143250 | PA      | $141999.97    | 0.07%             | 2049-08-25      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                 | Boeing Co/The                                                                   | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    115000 | PA      | $125248.21    | 0.06%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                      | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $192347.48    | 0.10%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust             | Credit Acceptance Auto Loan Trust 2024-2                                        | CUSIP: 22536VAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $224761.46    | 0.11%             | 2034-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                         | GFL Environmental Inc                                                           | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $73249.45     | 0.04%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BINOM Securitization Trust                    | BINOM Securitization Trust 2022-RPL1                                            | CUSIP: 05552CAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $248869.02    | 0.13%             | 2061-02-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                      | JH North America Holdings Inc                                                   | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    185000 | PA      | $189490.69    | 0.10%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Trust               | CoreVest American Finance 2021-3 Trust                                          | CUSIP: 21873NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $97376.16     | 0.05%             | 2054-10-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                     | IQVIA Inc 2025 Incremental Term Loan B5                                         | CUSIP: 44969CBP4<br>LEI: 549300PLWY28YB00C717 | Long             | LON              | CORP              | US        |    253150 | PA      | $254225.57    | 0.13%             | 2031-01-02      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds          | Chile Government International Bonds                                            | CUSIP: 168863EE4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    710000 | PA      | $745961.50    | 0.38%             | 2037-01-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Symetra CLO Ltd                               | Symetra CLO 2025-1 Ltd                                                          | CUSIP: 87153AAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250635.50    | 0.13%             | 2038-04-20      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| REMIC FUNDING TRUST 98-1                      | Redwood Funding Trust 2023-1                                                    | CUSIP: 75806CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     98201 | PA      | $97871.94     | 0.05%             | 2059-07-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                | Carvana Auto Receivables Trust 2024-N3                                          | CUSIP: 14687WAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101063.00    | 0.05%             | 2030-12-10      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                       | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   1165000 | PA      | $869451.27    | 0.44%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust           | New Residential Mortgage Loan Trust 2024-RTL1                                   | CUSIP: 64831PAA3<br>LEI: 213800CVLC5IFCJL6C96 | Long             | ABS-MBS          | CORP              | US        |    265000 | PA      | $267000.17    | 0.13%             | 2039-03-25      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| ONEOK Partners LP                             | ONEOK Partners LP                                                               | CUSIP: 68268NAM5<br>LEI: T4DHW82NMF6BXJT50795 | Long             | DBT              | CORP              | US        |     43000 | PA      | $44052.74     | 0.02%             | 2043-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer III, LLC           | Compass Datacenters Issuer III LLC                                              | CUSIP: 20469BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240000 | PA      | $243232.56    | 0.12%             | 2050-07-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| HELMERICH & PAYNE INC                         | Helmerich & Payne Inc                                                           | CUSIP: 423452AN1<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |    820000 | PA      | $803463.61    | 0.41%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                     | BPR Trust 2021-NRD                                                              | CUSIP: 05592CAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105000 | PA      | $103667.87    | 0.05%             | 2038-12-15      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                                            | CUSIP: 06051GKL2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    375000 | PA      | $350358.25    | 0.18%             | 2037-03-08      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Bonds                                                             | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3025000 | PA      | $2541236.31   | 1.28%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                      | JH North America Holdings Inc                                                   | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131990.90    | 0.07%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC            | CyrusOne Data Centers Issuer I LLC                                              | CUSIP: 23284BAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102401.00    | 0.05%             | 2050-02-20      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust              | OneMain Financial Issuance Trust 2022-S1                                        | CUSIP: 68267HAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    310000 | PA      | $311561.66    | 0.16%             | 2035-05-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust | JP Morgan Chase Commercial Mortgage Securities Trust 2025-BMS                   | CUSIP: 46596CAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199614.80    | 0.10%             | 2042-01-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer II, LLC                       | DataBank Issuer II LLC                                                          | CUSIP: 23802YAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    465000 | PA      | $466612.62    | 0.24%             | 2055-09-27      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                  | Entegris Inc                                                                    | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    750000 | PA      | $743567.03    | 0.37%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                        | Aviation Capital Group LLC                                                      | CUSIP: 05369AAN1<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    170000 | PA      | $177109.40    | 0.09%             | 2028-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                              | T-Mobile USA Inc                                                                | CUSIP: 87264ACQ6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    230000 | PA      | $206175.20    | 0.10%             | 2032-03-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                      | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75507.85     | 0.04%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                 | EchoStar Corp                                                                   | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     94849 | PA      | $233328.54    | 0.12%             | 2030-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                      | RTX Corp                                                                        | CUSIP: 75513ECR0<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    490000 | PA      | $507514.06    | 0.26%             | 2033-02-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC          | PRET 2024-NPL8 LLC                                                              | CUSIP: 69392DAA0<br>LEI: 254900IGILCZGVE9SS90 | Long             | ABS-MBS          | CORP              | US        |    218774 | PA      | $219009.35    | 0.11%             | 2054-11-25      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC         | New Economy Assets - Phase 1 Sponsor LLC                                        | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $83414.68     | 0.04%             | 2061-10-20      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                  | UBS Group AG                                                                    | CUSIP: 225401BB3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    250000 | PA      | $313216.65    | 0.16%             | 2033-11-15      | Fixed         | 9.02%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                  | Centene Corp                                                                    | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    520000 | PA      | $447935.28    | 0.23%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EWC Master Issuer LLC                         | EWC Master Issuer LLC                                                           | CUSIP: 26929HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     48375 | PA      | $47764.09     | 0.02%             | 2052-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                             | PRPM 2024-RCF2 LLC                                                              | CUSIP: 693987AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    138128 | PA      | $135267.28    | 0.07%             | 2054-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                  | Wyndham Hotels & Resorts Inc 2024 Term Loan                                     | CUSIP: 98310CAF9<br>LEI: 549300FE3MQ4RVXXC673 | Long             | LON              | CORP              | US        |    928250 | PA      | $930904.80    | 0.47%             | 2030-05-24      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                 | Carnival Corp                                                                   | CUSIP: 143658BW1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     70000 | PA      | $73636.85     | 0.04%             | 2029-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                       | Arthur J Gallagher & Co                                                         | CUSIP: 04316JAH2<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113912.56    | 0.06%             | 2034-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust        | Santander Drive Auto Receivables Trust 2024-3                                   | CUSIP: 80287LAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $360058.30    | 0.18%             | 2031-10-15      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                        | Pacific Gas and Electric Co                                                     | CUSIP: 694308HL4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    200000 | PA      | $160457.83    | 0.08%             | 2045-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                    | Navient Private Education Refi Loan Trust 2020-H                                | CUSIP: 63935BAA1<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |     15545 | PA      | $14710.95     | 0.01%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust               | Republic Finance Issuance Trust 2024-A                                          | CUSIP: 76041RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165000 | PA      | $167018.33    | 0.08%             | 2032-08-20      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| Alinea CLO LTD                                | Alinea CLO 2018-1 Ltd                                                           | CUSIP: 016269AG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $597810.00    | 0.30%             | 2031-07-20      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                      | Western Midstream Operating LP                                                  | CUSIP: 958254AJ3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    195000 | PA      | $169627.68    | 0.09%             | 2048-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                           | Resideo Funding Inc 2024 M&A 1st lien Term Loan B                               | CUSIP: 76090LAK0<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |    465458 | PA      | $464876.39    | 0.23%             | 2031-06-13      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 5YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       156 | NC      | $20915.86     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SMB Private Education Loan Trust              | SMB Private Education Loan Trust 2020-A                                         | CUSIP: 78449UAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    201064 | PA      | $195038.85    | 0.10%             | 2037-09-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC      | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RJK1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    130000 | PA      | $134028.12    | 0.07%             | 2030-12-20      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                  | CaixaBank SA                                                                    | CUSIP: 12803RAM6<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    210000 | PA      | $215088.19    | 0.11%             | 2036-07-03      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                    | Fiserv Inc                                                                      | CUSIP: 337738BH0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    765000 | PA      | $803136.52    | 0.40%             | 2033-08-21      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Invesco CLO Ltd                               | Invesco US CLO 2024-4 Ltd                                                       | CUSIP: 46151BAA3<br>LEI: 2138006HTEY9GGW6XF50 | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $552787.40    | 0.28%             | 2038-01-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC                       | Aircastle Ltd / Aircastle Ireland DAC                                           | CUSIP: 00929JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    150000 | PA      | $156259.43    | 0.08%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                | NRG Energy Inc 2024 Term Loan                                                   | CUSIP: 62937NBC0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | LON              | CORP              | US        |   1026769 | PA      | $1026450.35   | 0.52%             | 2031-04-16      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                             | Expedia Group Inc                                                               | CUSIP: 30212PBL8<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |    980000 | PA      | $1005689.56   | 0.51%             | 2035-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                    | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    260000 | PA      | $240623.35    | 0.12%             | 2033-04-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                       | Romanian Government International Bond                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    615000 | PA      | $739370.12    | 0.37%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RFS Asset Securitization II LLC               | RFS Asset Securitization II LLC                                                 | CUSIP: 74969DAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $254669.83    | 0.13%             | 2031-07-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust         | Westlake Automobile Receivables Trust 2024-3                                    | CUSIP: 96043CAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240000 | PA      | $243096.82    | 0.12%             | 2030-04-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust         | Mission Lane Credit Card Master Trust                                           | CUSIP: 60510MAY4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $111001.83    | 0.06%             | 2029-08-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                           | Ashtead Capital Inc                                                             | CUSIP: 045054AS2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209554.92    | 0.11%             | 2034-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BX Trust                                      | BX Trust 2025-VLT7                                                              | CUSIP: 123913AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    720000 | PA      | $721517.04    | 0.36%             | 2044-07-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LLC               | Domino's Pizza Master Issuer LLC                                                | CUSIP: 25755TAK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160128 | PA      | $159706.75    | 0.08%             | 2048-07-25      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                      | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBP9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    155000 | PA      | $160306.89    | 0.08%             | 2031-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                      | Western Midstream Operating LP                                                  | CUSIP: 958254AD6<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31731.88     | 0.02%             | 2044-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SHENTON AIRCRAFT INVESTMENT LTD               | Shenton Aircraft Investment I Ltd                                               | CUSIP: 82321UAA1<br>LEI: 254900877LAQRYY3YZ51 | Long             | ABS-O            | CORP              | KY        |     39612 | PA      | $38850.86     | 0.02%             | 2042-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Garnet CLO Ltd                                | Garnet CLO 2 Ltd                                                                | CUSIP: 36626CAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    330000 | PA      | $331155.00    | 0.17%             | 2038-10-20      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                         | QTS Issuer ABS II LLC                                                           | CUSIP: 74690FAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $198753.60    | 0.10%             | 2055-10-05      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC      | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RHA5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $199071.15    | 0.10%             | 2029-06-20      | Fixed         | 7.24%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                       | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    700000 | PA      | $713775.74    | 0.36%             | 2031-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                      | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 46590XAN6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    185000 | PA      | $177331.88    | 0.09%             | 2029-02-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                  | Centene Corp                                                                    | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    220000 | PA      | $202331.13    | 0.10%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust               | Prestige Auto Receivables Trust 2023-1                                          | CUSIP: 74113GAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140000 | PA      | $141814.40    | 0.07%             | 2029-04-16      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                    | Progress Residential 2022-SFR5 Trust                                            | CUSIP: 74332YAE9<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100060.40    | 0.05%             | 2039-06-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                 | CAFL 2023-RTL1 Issuer LLC                                                       | CUSIP: 124762AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210000 | PA      | $210946.93    | 0.11%             | 2030-12-28      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                               | BAE Systems PLC                                                                 | CUSIP: 05523RAL1<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    415000 | PA      | $430097.70    | 0.22%             | 2034-03-26      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                       | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $436518.00    | 0.22%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                       | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    185000 | PA      | $190997.47    | 0.10%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                      | Vistra Operations Co LLC                                                        | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93133.98     | 0.05%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                         | Uber Technologies Inc                                                           | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300563.10    | 0.15%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                    | Navient Private Education Refi Loan Trust 2021-A                                | CUSIP: 63942BAA2<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    101804 | PA      | $93134.32     | 0.05%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD               | Golub Capital CLO 82 B Ltd                                                      | CUSIP: 38181TAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250107.75    | 0.13%             | 2038-10-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                     | College Ave Student Loans 2024-B LLC                                            | CUSIP: 19423UAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    409052 | PA      | $418611.74    | 0.21%             | 2054-08-25      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| NETAPP INC                                    | NetApp Inc                                                                      | CUSIP: 64110DAM6<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |    225000 | PA      | $234099.81    | 0.12%             | 2032-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                      | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    925000 | PA      | $863805.50    | 0.44%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                               | Cemex SAB de CV                                                                 | CUSIP: 151290CA9<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    310000 | PA      | $308711.83    | 0.16%             | 2026-06-08      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                         | Bausch Health Cos Inc                                                           | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $67125.00     | 0.03%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC         | OnDeck Asset Securitization Trust IV LLC                                        | CUSIP: 67108SAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $104754.93    | 0.05%             | 2031-10-17      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| TPG CLO Ltd                                   | TPG CLO 2025-1 Ltd                                                              | CUSIP: 87268JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    335000 | PA      | $335328.30    | 0.17%             | 2037-07-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                | OWN Equipment Fund I LLC                                                        | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    267910 | PA      | $272679.62    | 0.14%             | 2032-12-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC           | Hilton Grand Vacations Borrower LLC 2024 Incremental Term Loan B                | CUSIP: 43283LAK7<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |    811243 | PA      | $809977.32    | 0.41%             | 2031-01-17      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                      | Brazil Notas do Tesouro Nacional Serie F                                        | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   5297000 | PA      | $895895.48    | 0.45%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC                       | Aircastle Ltd / Aircastle Ireland DAC                                           | CUSIP: 00929JAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    150000 | PA      | $153019.31    | 0.08%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                | Hyundai Auto Receivables Trust 2025-A                                           | CUSIP: 44935CAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201999.20    | 0.10%             | 2032-06-15      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                        | Marriott International Inc/MD                                                   | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    475000 | PA      | $485420.94    | 0.24%             | 2037-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                           | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $244234.19    | 0.12%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                             | Magnetite XLVIII Ltd                                                            | CUSIP: 55956EAA5<br>LEI: 529900GIGHYFX3L5AN76 | Long             | ABS-CBDO         | CORP              | KY        |    335000 | PA      | $336477.35    | 0.17%             | 2038-10-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                      | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $373000.82    | 0.19%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust             | Credit Acceptance Auto Loan Trust 2024-3                                        | CUSIP: 22535LAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101061.95    | 0.05%             | 2035-01-16      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| CIENA CORPORATION                             | Ciena Corporation 2025 Repriced Term Loan B                                     | CUSIP: 17178HAR3<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | LON              | CORP              | US        |    102706 | PA      | $102770.32    | 0.05%             | 2030-10-24      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                 | Carnival Corp                                                                   | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    790000 | PA      | $809778.44    | 0.41%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                          | OHA Loan Funding 2015-1 Ltd                                                     | CUSIP: 67109BDN1<br>LEI: 25490072LQI0R2J4XC93 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250747.50    | 0.13%             | 2038-10-19      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| WHISTLER PIPELINE LLC                         | Whistler Pipeline LLC                                                           | CUSIP: 96337RAC6<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123683.59    | 0.06%             | 2034-09-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| SOLRR Aircraft 2021-1 Limited                 | Lunar 2021-1 Structured Aircraft Portfolio Notes                                | CUSIP: 83438LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |    245057 | PA      | $231510.20    | 0.12%             | 2046-10-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Global SC Finance SRL                         | Global SC Finance X Ltd                                                         | CUSIP: 37893FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $349805.05    | 0.18%             | 2045-09-22      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS INC                            | United Rentals Inc 2025 Repriced Term Loan B                                    | CUSIP: 91136EAN5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | LON              | CORP              | US        |     79797 | PA      | $80121.45     | 0.04%             | 2031-02-14      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                   | OCP CLO 2024-38 Ltd                                                             | CUSIP: 67120KAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500859.00    | 0.25%             | 2038-01-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                                             | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    370000 | PA      | $389989.16    | 0.20%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                          | FirstKey Homes 2021-SFR2 Trust                                                  | CUSIP: 33767TAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205000 | PA      | $198900.94    | 0.10%             | 2038-09-17      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                     | BPR Trust 2021-NRD                                                              | CUSIP: 05592CAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     95000 | PA      | $94329.21     | 0.05%             | 2038-12-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                    | Leidos Inc                                                                      | CUSIP: 52532XAF2<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54827.26     | 0.03%             | 2030-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                     | Towd Point Mortgage Trust 2019-4                                                | CUSIP: 89178BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    157007 | PA      | $150881.73    | 0.08%             | 2059-10-25      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                      | Marriott Ownership Resorts Inc                                                  | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38598.05     | 0.02%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CIFI HOLDINGS GROUP                           | CIFI Holdings Group Co Ltd                                                      | CUSIP: 000000000<br>LEI: 549300WGKSV867C0JF48 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $20406.00     | 0.01%             | 2024-11-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                | Carvana Auto Receivables Trust 2025-P1                                          | CUSIP: 14689MAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101527.60    | 0.05%             | 2031-08-11      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST              | WFRBS Commercial Mortgage Trust 2013-C15                                        | CUSIP: 92938CAH0<br>LEI: 5493003CHVRASC16O965 | Long             | ABS-MBS          | CORP              | US        |    140067 | PA      | $134950.20    | 0.07%             | 2046-08-15      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                      | Capital One Financial Corp                                                      | CUSIP: 14040HDN2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    315000 | PA      | $311535.46    | 0.16%             | 2036-09-11      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                      | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    205000 | PA      | $226628.23    | 0.11%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                          | COPT Defense Properties LP                                                      | CUSIP: 22003BAM8<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |     85000 | PA      | $76949.16     | 0.04%             | 2031-04-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust           | Exeter Automobile Receivables Trust 2024-3                                      | CUSIP: 30165AAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101406.33    | 0.05%             | 2029-07-16      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                  | Centene Corp                                                                    | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    260000 | PA      | $232319.71    | 0.12%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                      | Macquarie Airfinance Holdings Ltd                                               | CUSIP: 55609NAF5<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    305000 | PA      | $310197.04    | 0.16%             | 2028-03-27      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SLAM LLC                                      | Slam Ltd                                                                        | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    262287 | PA      | $265016.14    | 0.13%             | 2049-09-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                    | Affirm Asset Securitization Trust 2024-A                                        | CUSIP: 00834BAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $286613.67    | 0.14%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 31412EJ23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       889 | PA      | $904.89       | 0.00%             | 2037-02-01      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                  | CSMC 2017-RPL1 Trust                                                            | CUSIP: 22945AAC3<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $86411.48     | 0.04%             | 2057-07-25      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                               | OHA Credit Funding 10-R Ltd                                                     | CUSIP: 67121RAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $375562.50    | 0.19%             | 2037-07-18      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                      | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    600000 | PA      | $539105.63    | 0.27%             | 2033-10-29      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Trans Union LLC                               | Trans Union LLC 2024 Term Loan B8                                               | CUSIP: 89334GBF0<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |    931326 | PA      | $930422.61    | 0.47%             | 2031-06-24      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trust               | Carmax Select Receivables Trust 2025-B                                          | CUSIP: 14320BAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $298716.30    | 0.15%             | 2031-07-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust         | Mission Lane Credit Card Master Trust                                           | CUSIP: 60510MBE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $227205.38    | 0.11%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Palmer Square BDC CLO Ltd                     | Palmer Square BDC CLO 1 Ltd                                                     | CUSIP: 696928AA8<br>LEI: 254900LU0WIJ7Y0O9X14 | Long             | ABS-CBDO         | CORP              | KY        |    690000 | PA      | $692372.91    | 0.35%             | 2037-07-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                          | Pilgrim's Pride Corp                                                            | CUSIP: 72147KAL2<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |     45000 | PA      | $49684.05     | 0.03%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Applebees/IHOP Funding LLC                    | Applebee's Funding LLC / IHOP Funding LLC                                       | CUSIP: 03789XAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    355000 | PA      | $361177.78    | 0.18%             | 2053-03-05      | Fixed         | 7.82%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                        | Marriott International Inc/MD                                                   | CUSIP: 571903BQ5<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    195000 | PA      | $200287.64    | 0.10%             | 2034-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust                  | DC Commercial Mortgage Trust 2023-DC                                            | CUSIP: 24023AAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    205000 | PA      | $215425.48    | 0.11%             | 2040-09-12      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| BX Trust                                      | BX Trust 2024-VLT4                                                              | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200125.00    | 0.10%             | 2041-06-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                        | Motorola Solutions Inc                                                          | CUSIP: 620076BW8<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42107.39     | 0.02%             | 2032-06-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                              | Societe Generale SA                                                             | CUSIP: 83368RCK6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    725000 | PA      | $723122.00    | 0.36%             | 2036-10-03      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust           | Exeter Automobile Receivables Trust 2025-1                                      | CUSIP: 30167MAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245000 | PA      | $247615.87    | 0.12%             | 2031-05-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                         | Continental Resources Inc/OK                                                    | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1675755.54   | 0.84%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                       | Jefferies Financial Group Inc                                                   | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |     90000 | PA      | $95687.69     | 0.05%             | 2034-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited           | TMCL VII Holdings Ltd                                                           | CUSIP: 87257FAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |    340766 | PA      | $342093.61    | 0.17%             | 2050-07-23      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust 2024-2                            | CUSIP: 10805MAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $205240.00    | 0.10%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| FLUTTER FINANCING BV                          | Flutter Financing BV 2025 Term Loan B                                           | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    109725 | PA      | $109512.13    | 0.06%             | 2032-06-04      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404119CC1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48791.89     | 0.02%             | 2031-07-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                              | CSC Holdings LLC                                                                | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    400000 | PA      | $257978.08    | 0.13%             | 2031-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                      | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 46590XAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    225000 | PA      | $212556.53    | 0.11%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                           | Synchrony Financial                                                             | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122275.90    | 0.06%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                    | GLS Auto Receivables Issuer Trust 2023-4                                        | CUSIP: 362929AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103654.10    | 0.05%             | 2029-08-15      | Fixed         | 7.18%                 | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                    | FIXED INC CLEARING CORP.REPO                                                    | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   4219707 | PA      | $4219706.72   | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                 | Amphenol Corp                                                                   | CUSIP: 032095AR2<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    315000 | PA      | $321395.23    | 0.16%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                    | LAD Auto Receivables Trust 2023-4                                               | CUSIP: 50571AAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $51632.64     | 0.03%             | 2029-03-15      | Fixed         | 6.76%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                           | American Tower Corp                                                             | CUSIP: 03027XCF5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    555000 | PA      | $594881.00    | 0.30%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                                 | BGC Group Inc                                                                   | CUSIP: 05555LAC5<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |    280000 | PA      | $286868.97    | 0.14%             | 2030-04-02      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                      | Sensata Technologies Inc                                                        | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    140000 | PA      | $129203.02    | 0.07%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                           | Midocean Credit Clo XXI                                                         | CUSIP: 597924AA7<br>LEI: 254900LHC18VUV4A5266 | Long             | ABS-CBDO         | CORP              | KY        |    305000 | PA      | $305133.29    | 0.15%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust         | Wells Fargo Commercial Mortgage Trust 2013-LC12                                 | CUSIP: 94988QAQ4<br>LEI: 549300V2DF3KW9L1CV04 | Long             | ABS-MBS          | CORP              | US        |      3841 | PA      | $3726.24      | 0.00%             | 2046-07-15      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| Arixa Mortgage Trust                          | Arixa Mortgage Trust 2025-RTL1                                                  | CUSIP: 04046BAA1<br>LEI: 254900Q4SU6C9E56ZJ68 | Long             | ABS-MBS          | CORP              | US        |    115000 | PA      | $115641.70    | 0.06%             | 2030-08-25      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                      | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4074.13      | 0.00%             | 2043-01-31      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                        | Republic of Uzbekistan International Bond                                       | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    200000 | PA      | $184671.07    | 0.09%             | 2030-11-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Freedom Financial                             | FREED ABS Trust 2021-3FP                                                        | CUSIP: 30322MAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12413 | PA      | $12397.92     | 0.01%             | 2028-11-20      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                    | MFA 2024-NPL1 Trust                                                             | CUSIP: 58004YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    171920 | PA      | $172128.71    | 0.09%             | 2054-09-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                    | Affirm Asset Securitization Trust 2024-A                                        | CUSIP: 00834BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $105463.79    | 0.05%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                         | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    250000 | PA      | $276252.50    | 0.14%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                     | College Ave Student Loans 2021-A LLC                                            | CUSIP: 19424KAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     46206 | PA      | $43762.07     | 0.02%             | 2051-07-25      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                       | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $228673.60    | 0.12%             | 2031-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                             | Battalion CLO VIII Ltd                                                          | CUSIP: 07132ACL5<br>LEI: 549300WH2OE0BGHQQP83 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249996.50    | 0.13%             | 2030-07-18      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                            | Aqua Finance Trust 2024-A                                                       | CUSIP: 03837DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    274921 | PA      | $277483.45    | 0.14%             | 2050-04-18      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust             | GLS Auto Select Receivables Trust 2024-3                                        | CUSIP: 37989EAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103226.44    | 0.05%             | 2030-08-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                       | MPLX LP                                                                         | CUSIP: 55336VBV1<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45011.18     | 0.02%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                  | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    230000 | PA      | $245189.87    | 0.12%             | 2035-04-19      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                  | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    290000 | PA      | $318722.02    | 0.16%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                    | Citadel LP                                                                      | CUSIP: 17288XAD6<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119528.88    | 0.06%             | 2030-01-23      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                     | Boeing Co/The                                                                   | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    435000 | PA      | $446377.67    | 0.23%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NETAPP INC                                    | NetApp Inc                                                                      | CUSIP: 64110DAN4<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209066.28    | 0.11%             | 2035-03-17      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                  | CUSIP: 61747YFB6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157272.00    | 0.08%             | 2038-01-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                  | Centene Corp                                                                    | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18584.66     | 0.01%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                     | Boeing Co/The                                                                   | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24974.88     | 0.01%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                      | Uruguay Government International Bond                                           | CUSIP: 760942BF8<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   9175000 | PA      | $252324.58    | 0.13%             | 2033-07-20      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                           | DT Auto Owner Trust 2023-2                                                      | CUSIP: 23346CAG3<br>LEI: 549300XVMF0FUK76JG97 | Long             | ABS-O            | CORP              | US        |    265000 | PA      | $271375.69    | 0.14%             | 2029-02-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                  | UBS Group AG                                                                    | CUSIP: 902613BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    335000 | PA      | $352925.67    | 0.18%             | 2035-02-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                   | OCP CLO 2020-18 Ltd                                                             | CUSIP: 671078AW3<br>LEI: 254900MN6N176YEZLX15 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250639.25    | 0.13%             | 2037-07-20      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| ASPLUNDH TREE EXPERT LLC                      | Asplundh Tree Expert LLC 2024 Incremental Term Loan B                           | CUSIP: 04538FAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    498182 | PA      | $497913.48    | 0.25%             | 2031-05-23      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                 | Boeing Co/The                                                                   | CUSIP: 097023DU6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    175000 | PA      | $202589.34    | 0.10%             | 2064-05-01      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust        | GreenSky Home Improvement Trust 2024-1                                          | CUSIP: 39571MAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92604 | PA      | $94918.13     | 0.05%             | 2059-06-25      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| MDC Holdings Inc                              | MDC Holdings Inc                                                                | CUSIP: 552676AQ1<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |    325000 | PA      | $309300.14    | 0.16%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kapitus Asset Securitization LLC              | Kapitus Asset Securitization IV LLC                                             | CUSIP: 48555MAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    310000 | PA      | $311399.15    | 0.16%             | 2031-09-10      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                             | Southern Power Co                                                               | CUSIP: 843646AY6<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    190000 | PA      | $187378.17    | 0.09%             | 2035-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SEB Funding LLC                               | SEB Funding LLC                                                                 | CUSIP: 78433DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99750 | PA      | $98656.43     | 0.05%             | 2052-01-30      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                      | Western Midstream Operating LP                                                  | CUSIP: 958254AL8<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22254.48     | 0.01%             | 2048-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                          | Targa Resources Corp                                                            | CUSIP: 87612GAC5<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    420000 | PA      | $446652.92    | 0.23%             | 2033-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                       | Mexican Bonos                                                                   | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  18100000 | PA      | $949292.54    | 0.48%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Mercury Financial Credit Card Master Trust    | Mercury Financial Credit Card Master Trust                                      | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $272068.20    | 0.14%             | 2029-07-20      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                       | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1050000 | PA      | $1076755.72   | 0.54%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trust               | CarMax Select Receivables Trust 2025-A                                          | CUSIP: 14319UAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195000 | PA      | $199307.92    | 0.10%             | 2031-07-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trust               | CarMax Select Receivables Trust 2025-A                                          | CUSIP: 14319UAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    335000 | PA      | $342732.40    | 0.17%             | 2031-07-15      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC          | PRET 2024-NPL7 LLC                                                              | CUSIP: 74136TAA6<br>LEI: 254900640HC5OZKI7J87 | Long             | ABS-MBS          | CORP              | US        |    140620 | PA      | $140765.70    | 0.07%             | 2054-10-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                        | First Brands Group LLC 2022 Incremental Term Loan                               | CUSIP: 31935HAG2<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |     50000 | PA      | $17609.50     | 0.01%             | 2027-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                          | Birch Grove CLO 13 Ltd                                                          | CUSIP: 09090QAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250720.75    | 0.13%             | 2038-10-23      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                        | Republic of Uzbekistan International Bond                                       | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    200000 | PA      | $183702.55    | 0.09%             | 2031-10-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Sunrun Issuer                                 | Sunrun Atlas Issuer 2019-2 LLC                                                  | CUSIP: 86772FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    277668 | PA      | $265528.69    | 0.13%             | 2055-02-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                                             | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    890000 | PA      | $921269.26    | 0.46%             | 2030-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                 | AppLovin Corp                                                                   | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1249017.94   | 0.63%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                          | Glencore Funding LLC                                                            | CUSIP: 378272AY4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $944882.55    | 0.48%             | 2030-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust             | GLS Auto Select Receivables Trust 2025-1                                        | CUSIP: 36271FAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $20461.94     | 0.01%             | 2032-04-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                    | Flagship Credit Auto Trust 2021-3                                               | CUSIP: 33846QAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $201382.46    | 0.10%             | 2027-09-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                | Whirlpool Corp                                                                  | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20156.64     | 0.01%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization Equity Trust   | AASET 2025-1                                                                    | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    239205 | PA      | $246415.43    | 0.12%             | 2050-02-16      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                       | Dryden 53 CLO Ltd                                                               | CUSIP: 26243EAR2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    455000 | PA      | $455262.99    | 0.23%             | 2031-01-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                        | Mosaic Solar Loan Trust 2024-2                                                  | CUSIP: 61947BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    574697 | PA      | $565469.45    | 0.29%             | 2052-04-22      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Taubman Centers Commercial Mortgage Trust     | TCO Commercial Mortgage Trust 2024-DPM                                          | CUSIP: 87231EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $125312.88    | 0.06%             | 2039-12-15      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                               | DR Horton Inc                                                                   | CUSIP: 23331ABS7<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |    295000 | PA      | $298363.27    | 0.15%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                     | Anchorage Capital CLO 6 Ltd                                                     | CUSIP: 03328QBW0<br>LEI: 54930064GO7DB3TVDY21 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250875.00    | 0.13%             | 2038-07-22      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                    | Flagship Credit Auto Trust 2023-2                                               | CUSIP: 33843EAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $270970.70    | 0.14%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                          | Aramark Services Inc 2024 Term Loan B8                                          | CUSIP: 03852JAV3<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |    476155 | PA      | $476650.02    | 0.24%             | 2030-06-22      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Northwoods Capital 20 Ltd                     | Northwoods Capital 20 Ltd                                                       | CUSIP: 66860TBE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249857.50    | 0.13%             | 2038-10-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust         | Westlake Automobile Receivables Trust 2023-4                                    | CUSIP: 96041AAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $280882.78    | 0.14%             | 2029-07-16      | Fixed         | 7.19%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                       | Turkiye Government Bond                                                         | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |  23990000 | PA      | $576863.87    | 0.29%             | 2026-02-18      | Fixed         | 37.00%                | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                | Carvana Auto Receivables Trust 2024-N1                                          | CUSIP: 14687QAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102583.24    | 0.05%             | 2030-05-10      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                        | Williams Cos Inc/The                                                            | CUSIP: 88339WAC0<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    565000 | PA      | $573599.95    | 0.29%             | 2034-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Bundesschatzanweisungen                       | Bundesschatzanweisungen                                                         | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |   1165000 | PA      | $1364572.55   | 0.69%             | 2027-09-16      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC                | SUNNOVA HELIOS II ISSUER LLC 2019-A                                             | CUSIP: 86745LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49341 | PA      | $45792.28     | 0.02%             | 2046-06-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC      | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RJQ8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102954.19    | 0.05%             | 2029-04-20      | Fixed         | 7.59%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                 | Corevest American Finance 2021-1 Trust                                          | CUSIP: 21873LAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $90867.49     | 0.05%             | 2053-04-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                      | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $219357.12    | 0.11%             | 2029-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| EDI ABS Issuer LLC                            | EDI ABS Issuer 1 LLC                                                            | CUSIP: 268332AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $292438.50    | 0.15%             | 2055-07-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                                     | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    370000 | PA      | $372037.38    | 0.19%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust | BHG Securitization Trust 2025-1CON                                              | CUSIP: 08860AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    162681 | PA      | $163553.51    | 0.08%             | 2036-04-17      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                         | Micron Technology Inc                                                           | CUSIP: 595112CB7<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    780000 | PA      | $829762.06    | 0.42%             | 2033-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Company Inc         | Hilton Domestic Operating Company Inc 2023 Term Loan B4                         | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |    340169 | PA      | $340386.48    | 0.17%             | 2030-11-08      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds          | Chile Government International Bonds                                            | CUSIP: 168863DU9<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    600000 | PA      | $372420.00    | 0.19%             | 2071-09-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                     | Boeing Co/The                                                                   | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1088979.51   | 0.55%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                    | Progress Residential 2021-SFR7 Trust                                            | CUSIP: 74333PAJ6<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    165000 | PA      | $154476.71    | 0.08%             | 2040-08-17      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                      | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78191.25     | 0.04%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                           | Ashtead Capital Inc                                                             | CUSIP: 04505AAA7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206968.98    | 0.10%             | 2032-08-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                          | Targa Resources Corp                                                            | CUSIP: 87612GAM3<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    785000 | PA      | $800637.07    | 0.40%             | 2035-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                    | Progress Residential 2021-SFR5 Trust                                            | CUSIP: 74333FAE9<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $117276.36    | 0.06%             | 2038-07-17      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                          | Glencore Funding LLC                                                            | CUSIP: 378272CA4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    270000 | PA      | $280619.65    | 0.14%             | 2035-04-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                          | Wingstop Funding LLC                                                            | CUSIP: 974153AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145000 | PA      | $150229.28    | 0.08%             | 2054-12-05      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | Carmax Auto Owner Trust 2023-2                                                  | CUSIP: 142921AH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40000 | PA      | $41158.76     | 0.02%             | 2029-10-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                  | GS Mortgage Securities Corp Trust 2012-BWTR                                     | CUSIP: 36192RAA0<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |    100177 | PA      | $85890.65     | 0.04%             | 2034-11-05      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| JBS USA SARL/FOOD/GRP                         | JBS USA LUX Sarl / JBS USA Food Co / JBS USA Foods Group                        | CUSIP: 472140AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $257373.08    | 0.13%             | 2035-04-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                   | Extended Stay America Trust 2021-ESH                                            | CUSIP: 30227FAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105410 | PA      | $105409.54    | 0.05%             | 2038-07-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                         | Civitas Resources Inc                                                           | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103654.90    | 0.05%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                       | NYMT Loan Trust Series 2025-R1                                                  | CUSIP: 67120XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     47719 | PA      | $47810.90     | 0.02%             | 2030-02-25      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                    | GLS Auto Receivables Issuer Trust 2023-3                                        | CUSIP: 36267PAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80000 | PA      | $81828.35     | 0.04%             | 2029-05-15      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                | Var Energi ASA                                                                  | CUSIP: 92212WAE0<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    385000 | PA      | $446808.11    | 0.23%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                            | Energy Transfer LP                                                              | CUSIP: 29273VBA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    420000 | PA      | $431050.48    | 0.22%             | 2034-09-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                        | Aviation Capital Group LLC                                                      | CUSIP: 05369AAT8<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    265000 | PA      | $264757.34    | 0.13%             | 2030-10-24      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                    | Navient Private Education Refi Loan Trust 2021-E                                | CUSIP: 63942EAB4<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $72310.07     | 0.04%             | 2069-12-16      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust           | Exeter Automobile Receivables Trust 2024-5                                      | CUSIP: 30165BAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100536.40    | 0.05%             | 2031-02-18      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                    | CUSIP: 11135FAS0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83902.17     | 0.04%             | 2032-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC      | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RGC2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102275.72    | 0.05%             | 2029-04-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust 2023-1                            | CUSIP: 108056AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    445000 | PA      | $467272.12    | 0.24%             | 2029-08-15      | Fixed         | 7.84%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                          | Birch Grove Clo 9 Ltd                                                           | CUSIP: 09077WAA6<br>LEI: 254900VS6E4BD1HWHW18 | Long             | ABS-CBDO         | CORP              | KY        |    465000 | PA      | $466472.19    | 0.24%             | 2037-10-22      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                        | Mosaic Solar Loan Trust 2024-1                                                  | CUSIP: 618937AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75560 | PA      | $73130.64     | 0.04%             | 2049-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                       | NYMT Loan Trust Series 2024-BPL2                                                | CUSIP: 67120TAA8<br>LEI: 254900HCG7N4R7AWFZ60 | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $227296.35    | 0.11%             | 2039-05-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                                            | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76822.40     | 0.04%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 10YR ULTRA FUT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -224 | NC      | $-279607.78   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Aimco                                         | AIMCO CLO 21 Ltd                                                                | CUSIP: 00901WAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250835.00    | 0.13%             | 2037-04-18      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                     | BPR Trust 2021-NRD                                                              | CUSIP: 05592CAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     65000 | PA      | $64055.81     | 0.03%             | 2038-12-15      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                            | Energy Transfer LP                                                              | CUSIP: 292480AJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    588000 | PA      | $520674.00    | 0.26%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                                            | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4440.85      | 0.00%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                           | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    505000 | PA      | $471459.63    | 0.24%             | 2031-12-01      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited           | Textainer Marine Containers VII Ltd                                             | CUSIP: 88315LAQ1<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |    271599 | PA      | $254705.48    | 0.13%             | 2046-04-20      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | CarMax Auto Owner Trust 2023-4                                                  | CUSIP: 14318XAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65000 | PA      | $67965.37     | 0.03%             | 2030-04-15      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| tvc mortgage trust                            | TVC Mortgage Trust 2024-RRTL1                                                   | CUSIP: 87306WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    375000 | PA      | $375648.23    | 0.19%             | 2039-07-25      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                           | Meritage Homes Corp                                                             | CUSIP: 59001ABG6<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    525000 | PA      | $533068.95    | 0.27%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                | Wheels Fleet Lease Funding 1 LLC                                                | CUSIP: 96328GBZ9<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |     96701 | PA      | $97661.18     | 0.05%             | 2039-09-19      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                      | Uruguay Government International Bond                                           | CUSIP: 000000000<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   8825000 | PA      | $224756.91    | 0.11%             | 2028-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                      | Western Midstream Operating LP                                                  | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    120000 | PA      | $104436.66    | 0.05%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Garnet CLO Ltd                                | Garnet CLO 3 Ltd                                                                | CUSIP: 36626TAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300000.00    | 0.15%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                       | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $201062.59    | 0.10%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust     | SFS Auto Receivables Securitization Trust 2025-1                                | CUSIP: 81885BAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102221.50    | 0.05%             | 2031-02-20      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Trust               | CoreVest American Finance 2021-3 Trust                                          | CUSIP: 21873NAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $89981.26     | 0.05%             | 2054-10-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                          | Western Digital Corp                                                            | CUSIP: 958102AQ8<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |    140000 | PA      | $131621.38    | 0.07%             | 2029-02-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                          | FirstKey Homes 2022-SFR2 Trust                                                  | CUSIP: 33767PAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    360000 | PA      | $354013.49    | 0.18%             | 2039-07-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RCO Mortgage LLC                              | RCO X Mortgage LLC 2025-1                                                       | CUSIP: 75523XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    419380 | PA      | $419739.69    | 0.21%             | 2030-01-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                              | CIFC Funding 2021-VI Ltd                                                        | CUSIP: 12553SAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250396.25    | 0.13%             | 2034-10-15      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| SEB Funding LLC                               | SEB Funding LLC                                                                 | CUSIP: 78433DAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $204540.86    | 0.10%             | 2054-04-30      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                 | Carnival Corp                                                                   | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    565000 | PA      | $576857.09    | 0.29%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                  | CSMC 2021-RPL4 Trust                                                            | CUSIP: 12662GAC2<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |    394259 | PA      | $392659.63    | 0.20%             | 2060-12-27      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| CKE Restaurants Holdings Inc                  | Hardee's Funding LLC                                                            | CUSIP: 411707AM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24625 | PA      | $25501.37     | 0.01%             | 2054-03-20      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust     | GoodLeap Home Improvement Solutions Trust 2024-1                                | CUSIP: 381935AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     59281 | PA      | $60055.49     | 0.03%             | 2046-10-20      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                        | Extra Space Storage LP                                                          | CUSIP: 30225VAR8<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |    260000 | PA      | $276235.72    | 0.14%             | 2031-01-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                              | CIFC Funding 2019-VII Ltd                                                       | CUSIP: 171935AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250773.25    | 0.13%             | 2038-10-19      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                 | ZF North America Capital Inc                                                    | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    155000 | PA      | $151261.29    | 0.08%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                     | Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12                     | CUSIP: 61762XAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12034 | PA      | $11432.04     | 0.01%             | 2046-10-15      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust             | GLS Auto Select Receivables Trust 2025-1                                        | CUSIP: 36271FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10000 | PA      | $10163.81     | 0.01%             | 2031-03-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust | BHG Securitization Trust 2022-A                                                 | CUSIP: 054977AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98036.33     | 0.05%             | 2035-02-20      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                   | Legacy Mortgage Asset Trust 2021-GS2                                            | CUSIP: 52476DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    165049 | PA      | $164920.41    | 0.08%             | 2061-04-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                    | Leidos Inc                                                                      | CUSIP: 52532XAJ4<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    795000 | PA      | $839658.08    | 0.42%             | 2033-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                    | Citadel LP                                                                      | CUSIP: 17288XAC8<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |     90000 | PA      | $95257.37     | 0.05%             | 2032-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                          | Aramark Services Inc 2025 Repriced Term Loan                                    | CUSIP: 03852JBB6<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |     55000 | PA      | $55000.00     | 0.03%             | 2028-04-06      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                        | Aviation Capital Group LLC                                                      | CUSIP: 05369AAS0<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10151.70     | 0.01%             | 2030-04-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MetroNet Infrastructure Issuer LLC            | MetroNet Infrastructure Issuer LLC                                              | CUSIP: 59170JAX6<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101369.60    | 0.05%             | 2055-08-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust  | American Credit Acceptance Receivables Trust 2024-3                             | CUSIP: 02490BAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102445.60    | 0.05%             | 2030-07-12      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer III, LLC           | Compass Datacenters Issuer III LLC                                              | CUSIP: 20469BAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101281.10    | 0.05%             | 2050-02-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| TIMES CHINA HLDG LTD                          | Times China Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 2549000KTINB9ZPZP710 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $6500.00      | 0.00%             | 2027-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust | BHG Securitization Trust 2022-A                                                 | CUSIP: 054977AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    213180 | PA      | $211617.00    | 0.11%             | 2035-02-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-3 B PTT                       | American Airlines 2016-3 Class B Pass Through Trust                             | CUSIP: 023771S41<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     23599 | PA      | $23534.47     | 0.01%             | 2025-10-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                      | Republic of South Africa Government Bond                                        | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |  28545000 | PA      | $1512545.68   | 0.76%             | 2040-01-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                      | BX Commercial Mortgage Trust 2024-VLT5                                          | CUSIP: 05614JAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170000 | PA      | $173168.27    | 0.09%             | 2046-11-13      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                       | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBU4<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    390000 | PA      | $387824.65    | 0.20%             | 2036-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC                | Sunnova Helios X Issuer LLC                                                     | CUSIP: 86744WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    172409 | PA      | $160671.47    | 0.08%             | 2049-11-22      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC      | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RHP2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $106156.64    | 0.05%             | 2030-02-20      | Fixed         | 7.34%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                    | GLS Auto Receivables Issuer Trust 2024-1                                        | CUSIP: 36269HAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102387.69    | 0.05%             | 2029-12-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                           | Resideo Funding Inc 2024 1st Lien Term Loan B                                   | CUSIP: 76090LAL8<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |    106620 | PA      | $106687.64    | 0.05%             | 2028-02-11      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                    | GLS Auto Receivables Issuer Trust 2024-2                                        | CUSIP: 37964VAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25789.64     | 0.01%             | 2030-02-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-17

**Name of Applicant:** LOOMIS SAYLES FUNDS I

**Signature:** John Sgroi

**Name of Signer:** John Sgroi

**Title:** Assistant Treasurer