# EDGAR Filing Document

**Accession Number:** 0000764719
**File Stem:** 0001410368-26-032766
**Filing Date:** 2026-3
**Character Count:** 271759
**Document Hash:** e3df2cadd2e2cb7058e63856de7d26fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-032766.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0001410368-26-032766

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS SERIES TRUST XV
- **CENTRAL INDEX KEY:** 0000764719

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04253
- **FILM NUMBER:** 26802285

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS GOVERNMENT LIMITED MATURITY FUND /MA/
- **DATE OF NAME CHANGE:** 19930623

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS GOVERNMENT PREMIUM FUND
- **DATE OF NAME CHANGE:** 19930408

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS GOVERNMENT PREMIUM ACCOUNT
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### MFS Commodity Strategy Fund (Series ID: S000028958)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000088951 | A            | MCSAX           |
| C000088952 | B            | MCSFX           |
| C000088953 | C            | MCSHX           |
| C000088954 | I            | MCSIX           |
| C000088955 | R1           | MCSNX           |
| C000088956 | R2           | MCSOX           |
| C000088957 | R3           | MCSQX           |
| C000088958 | R4           | MCSTX           |
| C000119775 | R6           | MCSRX           |

## Nport-Ex

CMS-Q1

![](img83ce0fd91.gif)

**Quarterly Report**

January 31, 2026

MFS<sup>®</sup> Commodity <br>Strategy Fund

![](img3130d53d2.gif)

------

**Portfolio of Investments**

1/31/26 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

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

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – 81.8%  | Bonds – 81.8%  | Bonds – 81.8%  |
| Aerospace & Defense – 1.0% | Aerospace & Defense – 1.0% | Aerospace & Defense – 1.0% |
| Boeing Co., 2.196%, 2/04/2026  | $5104000 | &nbsp;&nbsp;&nbsp; $5103126 |
| Boeing Co., 6.388%, 5/01/2031  | 2330000 | &nbsp;&nbsp;&nbsp; 2528170 |
| Huntington Ingalls Industries, Inc., 5.353%, 1/15/2030  | 1903000 | &nbsp;&nbsp;&nbsp; 1968296 |
|  |  | &nbsp;&nbsp;&nbsp; $9599592 |
| Apparel Manufacturers – 0.4% | Apparel Manufacturers – 0.4% | Apparel Manufacturers – 0.4% |
| Gildan Activewear, Inc., 4.7%, 10/07/2030 (n) | $1426000 | &nbsp;&nbsp;&nbsp; $1421747 |
| Tapestry, Inc., 5.1%, 3/11/2030  | 1939000 | &nbsp;&nbsp;&nbsp; 1987804 |
|  |  | &nbsp;&nbsp;&nbsp; $3409551 |
| Asset-Backed & Securitized – 16.8% | Asset-Backed & Securitized – 16.8% | Asset-Backed & Securitized – 16.8% |
| 3650R Commercial Mortgage Trust, 2021-PF1, "XA", 0.992%, 11/15/2054 (i) | $19417480 | &nbsp;&nbsp;&nbsp; $673651 |
| ACREC 2021-FL1 Ltd., "AS", FLR, 5.291% ((SOFR - 1mo. + 0.11448%) + 1.5%), 10/16/2036 (n) | 1812000 | &nbsp;&nbsp;&nbsp; 1812162 |
| ACREC 2021-FL1 Ltd., "B", FLR, 5.592% ((SOFR - 1mo. + 0.11448%) + 1.8%), 10/16/2036 (n) | 1406000 | &nbsp;&nbsp;&nbsp; 1404312 |
| ACREC 2021-FL1 Ltd., "C", FLR, 5.941% ((SOFR - 1mo. + 0.11448%) + 2.15%), 10/16/2036 (n) | 1129000 | &nbsp;&nbsp;&nbsp; 1128880 |
| Affirm Asset Securitization Trust, 2024-X2, "A", 5.22%, 12/17/2029 (n) | 1985 | &nbsp;&nbsp;&nbsp; 1986 |
| Angel Oak Mortgage Trust, 2024-13, "A1", 5.464%, 12/26/2069 (n) | 2567817 | &nbsp;&nbsp;&nbsp; 2590105 |
| Angel Oak Mortgage Trust, 2024-7, "A1", 5.621%, 5/25/2069 (n) | 2030589 | &nbsp;&nbsp;&nbsp; 2049090 |
| Angel Oak Mortgage Trust, 2024-9, "A1", 5.138%, 9/25/2069 (n) | 1445210 | &nbsp;&nbsp;&nbsp; 1451336 |
| Angel Oak Mortgage Trust, 2025-10, "A1", 4.96%, 9/25/2070 (n) | 1216903 | &nbsp;&nbsp;&nbsp; 1221053 |
| Arbor Realty Trust, Inc., CLO, 2021-FL4, "AS", FLR, 5.494% ((SOFR - 1mo. + 0.11448%) + 1.7%), 11/15/2036 (n) | 1684000 | &nbsp;&nbsp;&nbsp; 1684007 |
| Arbor Realty Trust, Inc., CLO, 2021-FL4, "B", FLR, 5.795% ((SOFR - 1mo. + 0.11448%) + 2%), 11/15/2036 (n) | 1684000 | &nbsp;&nbsp;&nbsp; 1684161 |
| Arbor Realty Trust, Inc., CLO, 2021-FL4, "C", FLR, 6.094% ((SOFR - 1mo. + 0.11448%) + 2.3%), 11/15/2036 (n) | 1014000 | &nbsp;&nbsp;&nbsp; 1014092 |
| Arbor Realty Trust, Inc., CLO, 2022-FL1, "C", FLR, 6.007% (SOFR - 30 day + 2.3%), 1/15/2037 (n) | 2695500 | &nbsp;&nbsp;&nbsp; 2698871 |
| ARDN Mortgage Trust, 2025-ARCP, "A", FLR, 5.43% (SOFR - 1mo. + 1.75%), 6/15/2035 (n) | 2999000 | &nbsp;&nbsp;&nbsp; 3008372 |
| AREIT 2022-CRE6 Trust, "C", FLR, 5.852% (SOFR - 30 day + 2.15%), 1/20/2037 (n) | 894000 | &nbsp;&nbsp;&nbsp; 884595 |
| AREIT 2022-CRE6 Trust, "D", FLR, 6.552% (SOFR - 30 day + 2.85%), 1/20/2037 (n) | 795500 | &nbsp;&nbsp;&nbsp; 780755 |
| AREIT 2022-CRE7 LLC, "B", FLR, 6.919% (SOFR - 1mo. + 3.244%), 6/17/2039 (n) | 2563500 | &nbsp;&nbsp;&nbsp; 2564305 |
| ARI Fleet Lease Trust, 2023-B, "A2", 6.05%, 7/15/2032 (n) | 149352 | &nbsp;&nbsp;&nbsp; 150425 |
| AutoNation Finance Trust, 2025-1A, "A2", 4.72%, 4/10/2028 (n) | 512092 | &nbsp;&nbsp;&nbsp; 513164 |
| Bain Capital Credit CLO Ltd., 2021-4A, "BR", FLR, 5.317% (SOFR - 3mo. + 1.65%), 10/20/2034 (n) | 2344422 | &nbsp;&nbsp;&nbsp; 2344380 |
| Balboa Bay Loan Funding Ltd., 2022-1A, "BR", 5.517% (SOFR - 3mo. + 1.85%), 4/20/2037 (n) | 3115644 | &nbsp;&nbsp;&nbsp; 3120822 |
| BBCMS Mortgage Trust, 2018-C2, "XA", 0.746%, 12/15/2051 (i)(n) | 18621948 | &nbsp;&nbsp;&nbsp; 306618 |
| BBCMS Mortgage Trust, 2021-C10, "XA", 1.206%, 7/15/2054 (i) | 6594431 | &nbsp;&nbsp;&nbsp; 316033 |
| BBCMS Mortgage Trust, 2021-C11, "XA", 1.327%, 9/15/2054 (i) | 7165666 | &nbsp;&nbsp;&nbsp; 359959 |
| BBCMS Mortgage Trust, 2021-C9, "XA", 1.544%, 2/15/2054 (i) | 10786701 | &nbsp;&nbsp;&nbsp; 654864 |
| BDS 2021-FL10 Ltd., "B", FLR, 5.739% ((SOFR - 1mo. + 0.11448%) + 1.95%), 12/16/2036 (n) | 793500 | &nbsp;&nbsp;&nbsp; 793999 |
| BDS 2021-FL10 Ltd., "C", FLR, 6.09% ((SOFR - 1mo. + 0.11448%) + 2.3%), 12/16/2036 (n) | 577000 | &nbsp;&nbsp;&nbsp; 577363 |
| BDS 2024-FL13 Ltd., "A", FLR, 5.251% (SOFR - 1mo. + 1.5762%), 9/19/2039 (n) | 749000 | &nbsp;&nbsp;&nbsp; 750808 |
| Benchmark 2021-B23 Mortgage Trust, "XA", 1.255%, 2/15/2054 (i) | 12360584 | &nbsp;&nbsp;&nbsp; 551561 |
| Benchmark 2021-B27 Mortgage Trust, "XA", 1.232%, 7/15/2054 (i) | 14063439 | &nbsp;&nbsp;&nbsp; 644584 |
| Benchmark 2021-B28 Mortgage Trust, "XA", 1.238%, 8/15/2054 (i) | 9928950 | &nbsp;&nbsp;&nbsp; 473425 |
| Benchmark 2021-B29 Mortgage Trust, "XA", 1.011%, 9/15/2054 (i) | 14616246 | &nbsp;&nbsp;&nbsp; 495631 |
| Benchmark 2025-V18 Mortgage Trust, "A3", 5.183%, 10/15/2058  | 1538903 | &nbsp;&nbsp;&nbsp; 1586480 |
| BSPRT 2022-FL8 Issuer Ltd., "A", FLR, 5.207% (SOFR - 30 day + 1.5%), 2/15/2037 (n) | 464436 | &nbsp;&nbsp;&nbsp; 463761 |
| BSPRT 2022-FL8 Issuer Ltd., "B", FLR, 5.757% (SOFR - 30 day + 2.05%), 2/15/2037 (n) | 445500 | &nbsp;&nbsp;&nbsp; 444394 |
| BSPRT 2022-FL8 Issuer Ltd., "C", FLR, 6.007% (SOFR - 30 day + 2.3%), 2/15/2037 (n) | 719500 | &nbsp;&nbsp;&nbsp; 719495 |
| Business Jet Securities LLC, 2024-1A, "A", 6.197%, 5/15/2039 (n) | 626251 | &nbsp;&nbsp;&nbsp; 640105 |
| Business Jet Securities LLC, 2024-1A, "B", 6.924%, 5/15/2039 (n) | 74871 | &nbsp;&nbsp;&nbsp; 77196 |
| Business Jet Securities LLC, 2024-2A, "A", 5.364%, 9/15/2039 (n) | 839826 | &nbsp;&nbsp;&nbsp; 845110 |
| Business Jet Securities LLC, 2024-2A, "B", 5.754%, 9/15/2039 (n) | 489831 | &nbsp;&nbsp;&nbsp; 488457 |
| BXMT 2020-FL2 Ltd., "B", FLR, 5.441% ((SOFR - 1mo. + 0.11448%) + 1.4%), 2/15/2038 (n) | 1492000 | &nbsp;&nbsp;&nbsp; 1486424 |
| BXMT 2020-FL2 Ltd., "A", FLR, 4.942% ((SOFR - 1mo. + 0.11448%) + 0.9%), 2/15/2038 (n) | 64894 | &nbsp;&nbsp;&nbsp; 64817 |
| BXMT 2021-FL4 Ltd., "AS", FLR, 5.091% ((SOFR - 1mo. + 0.11448%) + 1.3%), 5/15/2038 (n) | 2601000 | &nbsp;&nbsp;&nbsp; 2591368 |
| CarMax Select Receivables Trust, 2025-B, "A2", 4.19%, 3/15/2029  | 1790000 | &nbsp;&nbsp;&nbsp; 1791909 |
| CD 2017-CD4 Mortgage Trust, "XA", 1.204%, 5/10/2050 (i) | 8630556 | &nbsp;&nbsp;&nbsp; 76339 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued |
| CF Hippolyta Issuer LLC, 2020-1, "A1", 1.69%, 7/15/2060 (n) | $353158 | &nbsp;&nbsp;&nbsp; $296751 |
| CF Hippolyta Issuer LLC, 2020-1, "B1", 2.28%, 7/15/2060 (n) | 113394 | &nbsp;&nbsp;&nbsp; 71449 |
| Chesapeake Funding II LLC, 2023-1A, "A1", 5.65%, 5/15/2035 (n) | 301401 | &nbsp;&nbsp;&nbsp; 302791 |
| Chesapeake Funding II LLC, 2023-2A, "A1", 6.16%, 10/15/2035 (n) | 389903 | &nbsp;&nbsp;&nbsp; 393996 |
| Colt Funding LLC, 2024-2, "A1", 6.125%, 4/25/2069 (n) | 770304 | &nbsp;&nbsp;&nbsp; 778827 |
| Colt Funding LLC, 2024-3, "A1", 6.393%, 6/25/2069 (n) | 1164129 | &nbsp;&nbsp;&nbsp; 1182250 |
| Colt Funding LLC, 2024-3, "A2", 6.646%, 6/25/2069 (n) | 386355 | &nbsp;&nbsp;&nbsp; 392361 |
| Colt Funding LLC, 2024-5, "A1", 5.123%, 8/25/2069 (n) | 1636818 | &nbsp;&nbsp;&nbsp; 1643564 |
| Commercial Mortgage Pass-Through Certificates, 2019-BN24, "XA", 0.632%, 11/15/2062 (i) | 8874119 | &nbsp;&nbsp;&nbsp; 193329 |
| Commercial Mortgage Pass-Through Certificates, 2021-BN31, "XA", 1.279%, 2/15/2054 (i) | 10637434 | &nbsp;&nbsp;&nbsp; 530141 |
| Commercial Mortgage Pass-Through Certificates, 2021-BN32, "XA", 0.757%, 4/15/2054 (i) | 10440342 | &nbsp;&nbsp;&nbsp; 291158 |
| Commercial Mortgage Pass-Through Certificates, 2021-BN34, "XA", 0.957%, 6/15/2063 (i) | 11263825 | &nbsp;&nbsp;&nbsp; 402416 |
| Commercial Mortgage Pass-Through Certificates, 2021-BN35, "XA", 1.024%, 6/15/2064 (i) | 6026688 | &nbsp;&nbsp;&nbsp; 238841 |
| COOPR Residential Mortgage Trust, 2025-CES1, "A1A", 5.654%, 5/25/2060 (n) | 393525 | &nbsp;&nbsp;&nbsp; 398792 |
| Credit Acceptance Auto Loan Trust, 2023-3A, "B", 7.09%, 10/17/2033 (n) | 1292000 | &nbsp;&nbsp;&nbsp; 1312015 |
| Dell Equipment Finance Trust, 2024-2, "A2", 4.69%, 8/22/2030 (n) | 514604 | &nbsp;&nbsp;&nbsp; 515476 |
| Dell Equipment Finance Trust, 2024-2, "A3", 4.59%, 8/22/2030 (n) | 754000 | &nbsp;&nbsp;&nbsp; 759082 |
| DLLST LLC, 2024-1A, "A3", 5.05%, 8/20/2027 (n) | 248372 | &nbsp;&nbsp;&nbsp; 249427 |
| Dryden Senior Loan Fund CLO Ltd., 2019-75A, "BR3", FLR, 5.172% (SOFR - 3mo. + 1.5%), 4/14/2034 (n) | 4026477 | &nbsp;&nbsp;&nbsp; 4028760 |
| Dryden Senior Loan Fund, 2017-49A, "BR", CLO, FLR, 5.529% ((SOFR - 3mo. + 0.26161%) + 1.6%), 7/18/2030 (n) | 1945990 | &nbsp;&nbsp;&nbsp; 1954788 |
| Dryden Senior Loan Fund, 2021-95A, "BR", FLR, 5.488% (SOFR - 3mo. + 1.6%), 8/20/2034 (n) | 3250000 | &nbsp;&nbsp;&nbsp; 3252496 |
| Empire District Bondco LLC, 4.943%, 1/01/2033  | 554172 | &nbsp;&nbsp;&nbsp; 562360 |
| Enterprise Fleet Financing 2023-1 LLC, "A2", 5.51%, 1/22/2029 (n) | 48367 | &nbsp;&nbsp;&nbsp; 48441 |
| Enterprise Fleet Financing 2023-2 LLC, "A2", 5.56%, 4/22/2030 (n) | 291178 | &nbsp;&nbsp;&nbsp; 292577 |
| Enterprise Fleet Financing 2023-2 LLC, "A3", 5.5%, 4/22/2030 (n) | 689000 | &nbsp;&nbsp;&nbsp; 699879 |
| Enterprise Fleet Financing 2024-3 LLC, "A2", 5.31%, 4/20/2027 (n) | 328076 | &nbsp;&nbsp;&nbsp; 329171 |
| Exeter Automobile Receivables Trust, 2024-4A, "A3", 5.28%, 8/15/2030  | 145459 | &nbsp;&nbsp;&nbsp; 145546 |
| Fortress CBO Investments Ltd., 2022-FL3, "AS", FLR, 5.947% (SOFR - 30 day + 2.25%), 2/23/2039 (n) | 1195310 | &nbsp;&nbsp;&nbsp; 1194058 |
| General Motors Co., FLR, 4.157% (SOFR - 1mo. + 0.45%), 11/15/2028 (n) | 1225000 | &nbsp;&nbsp;&nbsp; 1225674 |
| General Motors Co., FLR, 4.257% (SOFR - 1mo. + 0.55%), 11/15/2029 (n) | 1693000 | &nbsp;&nbsp;&nbsp; 1693881 |
| GS Mortgage Securities Trust, 2017-GS6, "XA", 0.993%, 5/10/2050 (i) | 10140038 | &nbsp;&nbsp;&nbsp; 96391 |
| GS Mortgage Securities Trust, 2017-GS7, "XA", 1.022%, 8/10/2050 (i) | 10171918 | &nbsp;&nbsp;&nbsp; 109964 |
| GS Mortgage Securities Trust, 2020-GC47, "A5", 1.121%, 5/12/2053 (i) | 8586987 | &nbsp;&nbsp;&nbsp; 328627 |
| Harbor Park CLO Ltd., 2018-1A, "BR2", FLR, 5.067% (SOFR - 3mo. + 1.4%), 1/20/2031 (n) | 2600000 | &nbsp;&nbsp;&nbsp; 2601539 |
| Home Owner Mortgage Enhanced , 5.077%, 8/25/2060 (n) | 720987 | &nbsp;&nbsp;&nbsp; 721772 |
| Invesco CLO 2022-2A Ltd., "BR", 5.347%, 7/20/2035 (n) | 3344351 | &nbsp;&nbsp;&nbsp; 3344816 |
| Invesco Ltd., FLR, 5.422% (SOFR - 3mo. + 1.75%), 7/15/2038 (n) | 2068965 | &nbsp;&nbsp;&nbsp; 2079157 |
| Jersey Mikes Funding LLC, 2026-1A, "A2I", 4.952%, 2/15/2056 (n)(w) | 977000 | &nbsp;&nbsp;&nbsp; 977000 |
| JP Morgan Mortgage Trust, 5.592%, 2/25/2064 (n) | 832457 | &nbsp;&nbsp;&nbsp; 841161 |
| JP Morgan Trust, 2026-NQM1, "A1", 4.745%, 6/25/2066 (n) | 575008 | &nbsp;&nbsp;&nbsp; 575154 |
| JPMorgan Chase Commercial Mortgage Securities Corp., 1.013%, 9/15/2050 (i) | 8642390 | &nbsp;&nbsp;&nbsp; 86702 |
| LAD Auto Receivables Trust, 2024-3A, "A2", 4.64%, 11/15/2027 (n) | 92354 | &nbsp;&nbsp;&nbsp; 92395 |
| LoanCore 2021-CRE5 Ltd., "AS", FLR, 5.544% ((SOFR - 1mo. + 0.11448%) + 1.75%), 7/15/2036 (n) | 996339 | &nbsp;&nbsp;&nbsp; 995384 |
| LoanCore 2021-CRE5 Ltd., "B", FLR, 5.795% ((SOFR - 1mo. + 0.11448%) + 2.0%), 7/15/2036 (n) | 741000 | &nbsp;&nbsp;&nbsp; 739376 |
| LoanCore 2025-CRE8 Ltd., "A", FLR, 5.06% (SOFR - 1mo. + 1.385%), 8/17/2042 (n) | 1791500 | &nbsp;&nbsp;&nbsp; 1791620 |
| LoanCore 2025-CRE8 Ltd., "AS", FLR, 5.266% (SOFR - 1mo. + 1.5909%), 8/17/2042 (n) | 2698500 | &nbsp;&nbsp;&nbsp; 2701871 |
| MF1 2022-FL8 Ltd., "C", FLR, 5.873% (SOFR - 30 day + 2.2%), 2/19/2037 (n) | 941914 | &nbsp;&nbsp;&nbsp; 936296 |
| MF1 2022-FL9 LLC, "B", FLR, 6.823% (SOFR - 1mo. + 3.15%), 6/19/2037 (n) | 2988000 | &nbsp;&nbsp;&nbsp; 2989085 |
| MF1 2024-FL14 LLC, "C", FLR, 6.964% (SOFR - 1mo. + 3.289%), 3/19/2039 (n) | 818643 | &nbsp;&nbsp;&nbsp; 820251 |
| MF1 2025-FL20 LLC, "AS", FLR, 5.375% (SOFR - 1mo. + 1.7%), 2/18/2043 (n) | 2000000 | &nbsp;&nbsp;&nbsp; 2005005 |
| MF1 2025-FL20 LLC, "B", FLR, 5.625% (SOFR - 1mo. + 1.95%), 2/18/2043 (n) | 1128514 | &nbsp;&nbsp;&nbsp; 1131337 |
| MF1 2026-FL21 LLC, "B", FLR, 5.43% (SOFR - 1mo. + 1.75%), 2/18/2041 (n)(w) | 374772 | &nbsp;&nbsp;&nbsp; 374791 |
| MF1 2026-FL21 LLC, "AS", FLR, 5.214% (SOFR - 1mo. + 1.55%), 2/18/2041 (n)(w) | 780014 | &nbsp;&nbsp;&nbsp; 780744 |
| MF1 2026-FL21 LLC, "C", FLR, 5.614% (SOFR - 1mo. + 1.95%), 2/18/2041 (n)(w) | 1240411 | &nbsp;&nbsp;&nbsp; 1240494 |
| Morgan Stanley Bank of America Merrill Lynch Trust, 2017-C33, "XA", 1.23%, 5/15/2050 (i) | 8210548 | &nbsp;&nbsp;&nbsp; 95681 |
| Morgan Stanley Capital I Trust, 2017-H1, "XA", 1.295%, 6/15/2050 (i) | 3605390 | &nbsp;&nbsp;&nbsp; 42315 |
| Morgan Stanley Capital I Trust, 2018-H4, "XA", 0.807%, 12/15/2051 (i) | 14194038 | &nbsp;&nbsp;&nbsp; 273506 |
| Morgan Stanley Capital I Trust, 2021-L5, "XA", 1.26%, 5/15/2054 (i) | 9273726 | &nbsp;&nbsp;&nbsp; 399452 |
| Morgan Stanley Capital I Trust, 2021-L6, "XA", 1.14%, 6/15/2054 (i) | 7842067 | &nbsp;&nbsp;&nbsp; 292773 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued |
| Morgan Stanley Residential Mortgage Loan Trust, 2025-NQM9, "A1", 5.016%, 9/25/2070 (n) | $1442948 | &nbsp;&nbsp;&nbsp; $1450203 |
| New Residential Mortgage Loan Trust, 2024-NQM3, "A-1", 5.53%, 5/25/2065 (n) | 628468 | &nbsp;&nbsp;&nbsp; 638037 |
| New Residential Mortgage Loan Trust, 2024-NQMI, "A-1", 6.129%, 3/25/2064 (n) | 1261016 | &nbsp;&nbsp;&nbsp; 1274644 |
| NextGear Floorplan Master Owner Trust, 2023-1A, "A1", FLR, 4.807% (SOFR - 1mo. + 1.1%), 3/15/2028 (n) | 956000 | &nbsp;&nbsp;&nbsp; 956848 |
| OBX Trust, 2023-NQM5, "A1", 5.988%, 1/25/2064 (n) | 385075 | &nbsp;&nbsp;&nbsp; 389610 |
| OBX Trust, 2024-NQM1, "A1", 5.928%, 11/25/2063 (n) | 423035 | &nbsp;&nbsp;&nbsp; 426224 |
| OBX Trust, 2024-NQM1, "A1", 5.875%, 6/25/2064 (n) | 1359713 | &nbsp;&nbsp;&nbsp; 1376595 |
| OBX Trust, 2024-NQM1, "A2", 6.253%, 11/25/2063 (n) | 128045 | &nbsp;&nbsp;&nbsp; 129124 |
| OBX Trust, 2024-NQM8, "A1", 6.233%, 5/25/2064 (n) | 882441 | &nbsp;&nbsp;&nbsp; 894839 |
| OCP CLO 2015-10A Ltd., "B1R3", FLR, 5.318% (SOFR - 3mo. + 1.65%), 1/26/2038 (n) | 2250000 | &nbsp;&nbsp;&nbsp; 2257007 |
| OneMain Financial Issuance Trust, 2020-2A, "A", 1.75%, 9/14/2035 (n) | 1286776 | &nbsp;&nbsp;&nbsp; 1268001 |
| OneMain Financial Issuance Trust, 2022-S1, "A", 4.13%, 5/14/2035 (n) | 471652 | &nbsp;&nbsp;&nbsp; 471587 |
| OneMain Financial Issuance Trust, 2023-2A, "B", 6.17%, 9/15/2036 (n) | 969000 | &nbsp;&nbsp;&nbsp; 998290 |
| OneMain Financial Issuance Trust, 2023-2A, "C", 6.74%, 9/15/2036 (n) | 2280000 | &nbsp;&nbsp;&nbsp; 2358082 |
| Palmer Square Loan Funding, 2025-1A Ltd., "A2", FLR, 5.051% (SOFR - 3mo. + 1.2%), 2/15/2033 (n) | 3000000 | &nbsp;&nbsp;&nbsp; 3000042 |
| Palmer Square Loan Funding, 2025-2A Ltd., "A2", FLR, 5.072% (SOFR - 3mo. + 1.4%), 7/15/2033 (n) | 2500000 | &nbsp;&nbsp;&nbsp; 2501440 |
| PFP III, 2025-12 Ltd., "A", FLR, 5.162% (SOFR - 1mo. + 1.4892%), 12/18/2042 (n) | 3350000 | &nbsp;&nbsp;&nbsp; 3344349 |
| PFP III, 2026-13, "AS", FLR, 5.4% (SOFR - 1mo. + 1.65%), 8/18/2043 (n) | 3000000 | &nbsp;&nbsp;&nbsp; 3012932 |
| Planet Fitness Master Issuer, 2025-1A, "A2I", 5.274%, 12/06/2055 (n) | 715000 | &nbsp;&nbsp;&nbsp; 719742 |
| Provident Funding Mortgage Trust, 2024-1, "A3", 5.5%, 12/25/2054 (n) | 1616457 | &nbsp;&nbsp;&nbsp; 1627193 |
| Provident Funding Mortgage Trust, 2025-1, "A", 5.5%, 2/25/2055 (n) | 2294382 | &nbsp;&nbsp;&nbsp; 2308915 |
| Rate Mortgage Trust, 2025-J3, "A27", FLR, 5.247% (SOFR - 1mo. + 1.55%), 11/25/2055 (n) | 2926924 | &nbsp;&nbsp;&nbsp; 2950256 |
| Santander Mortgage Asset Receivables Trust, 2025-NQM2, "A1", 5.732%, 2/25/2065 (n) | 402893 | &nbsp;&nbsp;&nbsp; 408010 |
| Shackleton 2013-4RA CLO Ltd., "B", FLR, 5.813% ((SOFR - 3mo. + 2.1616%) + 1.9%) 4/13/2031 (n) | 722762 | &nbsp;&nbsp;&nbsp; 725928 |
| Southwick Park CLO Ltd., 2019-4A, "B2R", 2.46%, 7/20/2032 (n) | 1123000 | &nbsp;&nbsp;&nbsp; 1054544 |
| Speak CLO Ltd., 2014-1A, "BR4", FLR, 5.267% (SOFR - 3mo. + 1.6%), 4/17/2034 (n) | 2700000 | &nbsp;&nbsp;&nbsp; 2705859 |
| Starwood Commercial Mortgage, 2021-FL2, "B", FLR, 5.591% ((SOFR - 1mo. + 0.11448%) + 1.8%), 4/18/2038 (n) | 2295000 | &nbsp;&nbsp;&nbsp; 2288611 |
| Taco Bell Funding LLC, 2025-1A, "A2I", 4.821%, 8/25/2055 (n) | 2021619 | &nbsp;&nbsp;&nbsp; 2011400 |
| TCW Gem Ltd., 2020-1A, "BR3", FLR, 5.267% (SOFR - 3mo. + 1.6%), 4/20/2034 (n) | 4157184 | &nbsp;&nbsp;&nbsp; 4137184 |
| TPG Real Estate Finance, 2025-FL7, "AS", FLR, 5.375% (SOFR - 1mo. + 1.7%), 6/18/2043 (n) | 849947 | &nbsp;&nbsp;&nbsp; 849946 |
| TPG Real Estate Finance, 2025-FL7, "B" , FLR, 5.625% (SOFR - 1mo. + 1.95%), 6/18/2043 (n) | 1560956 | &nbsp;&nbsp;&nbsp; 1560954 |
| Trinitas CLO Ltd., 2021-15A, "B1R", FLR, 5.319% (SOFR - 3mo. + 1.65%), 4/22/2034 (n) | 3427373 | &nbsp;&nbsp;&nbsp; 3429591 |
| UBS Commercial Mortgage Trust, 2017-C1, "XA", 0.94%, 11/15/2050 (i) | 4924711 | &nbsp;&nbsp;&nbsp; 59794 |
| UBS Commercial Mortgage Trust, 2018-C14, "XA", 0.887%, 12/15/2051 (i) | 5865460 | &nbsp;&nbsp;&nbsp; 118498 |
| Verus Securitization Trust, 2024-3, "A2", 6.642%, 4/25/2069 (n) | 627671 | &nbsp;&nbsp;&nbsp; 637863 |
| Verus Securitization Trust, 2024-6, "A1", 5.799%, 7/25/2069 (n) | 650423 | &nbsp;&nbsp;&nbsp; 657782 |
| Virginia Power Fuel Securitization LLC, 5.088%, 5/01/2027  | 252514 | &nbsp;&nbsp;&nbsp; 254026 |
| Wells Fargo Commercial Mortgage Trust, 2021-C61, "XA", 1.335%, 11/15/2054 (i) | 5630032 | &nbsp;&nbsp;&nbsp; 282597 |
|  |  | &nbsp;&nbsp;&nbsp; $160362727 |
| Automotive – 1.0% | Automotive – 1.0% | Automotive – 1.0% |
| Ford Motor Credit Co. LLC, 5.8%, 3/05/2027  | $4336000 | &nbsp;&nbsp;&nbsp; $4397073 |
| Ford Motor Credit Co. LLC, 5.753%, 4/06/2033  | 1018000 | &nbsp;&nbsp;&nbsp; 1027491 |
| LKQ Corp., 5.75%, 6/15/2028  | 2976000 | &nbsp;&nbsp;&nbsp; 3057006 |
| Stellantis Finance US, Inc., 1.711%, 1/29/2027 (n) | 1276000 | &nbsp;&nbsp;&nbsp; 1245512 |
|  |  | &nbsp;&nbsp;&nbsp; $9727082 |
| Brokerage & Asset Managers – 1.9% | Brokerage & Asset Managers – 1.9% | Brokerage & Asset Managers – 1.9% |
| Brookfield Finance, Inc., 3.9%, 1/25/2028  | $4053000 | &nbsp;&nbsp;&nbsp; $4046965 |
| Charles Schwab Corp., 5.875%, 8/24/2026  | 3206000 | &nbsp;&nbsp;&nbsp; 3238249 |
| Charles Schwab Corp., 5.643% to 5/19/2028, FLR (SOFR - 1 day + 2.210%) to 5/19/2029  | 2510000 | &nbsp;&nbsp;&nbsp; 2604902 |
| LPL Holdings, Inc., 5.7%, 5/20/2027  | 2077000 | &nbsp;&nbsp;&nbsp; 2115403 |
| LPL Holdings, Inc., 4.625%, 11/15/2027 (n) | 1426000 | &nbsp;&nbsp;&nbsp; 1419353 |
| LPL Holdings, Inc., 6.75%, 11/17/2028  | 1075000 | &nbsp;&nbsp;&nbsp; 1143463 |
| LPL Holdings, Inc., 4%, 3/15/2029 (n) | 2257000 | &nbsp;&nbsp;&nbsp; 2225785 |
| LPL Holdings, Inc., 5.2%, 3/15/2030  | 1082000 | &nbsp;&nbsp;&nbsp; 1106188 |
|  |  | &nbsp;&nbsp;&nbsp; $17900308 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Business Services – 0.6% | Business Services – 0.6% | Business Services – 0.6% |
| Global Payments, Inc., 1.2%, 3/01/2026  | $2281000 | &nbsp;&nbsp;&nbsp; $2275943 |
| Paychex, Inc., 5.1%, 4/15/2030  | 3124000 | &nbsp;&nbsp;&nbsp; 3213347 |
|  |  | &nbsp;&nbsp;&nbsp; $5489290 |
| Cable TV – 0.6% | Cable TV – 0.6% | Cable TV – 0.6% |
| Cox Communications, Inc., 5.45%, 9/15/2028 (n) | $3417000 | &nbsp;&nbsp;&nbsp; $3514340 |
| Videotron Ltd., 3.625%, 6/15/2029 (n) | 2687000 | &nbsp;&nbsp;&nbsp; 2625017 |
|  |  | &nbsp;&nbsp;&nbsp; $6139357 |
| Computer Software - Systems – 0.2% | Computer Software - Systems – 0.2% | Computer Software - Systems – 0.2% |
| VMware, Inc., 1.4%, 8/15/2026  | $1504000 | &nbsp;&nbsp;&nbsp; $1484314 |
| Conglomerates – 0.6% | Conglomerates – 0.6% | Conglomerates – 0.6% |
| Regal Rexnord Corp., 6.05%, 2/15/2026  | $3033000 | &nbsp;&nbsp;&nbsp; $3033841 |
| Regal Rexnord Corp., 6.05%, 4/15/2028  | 2278000 | &nbsp;&nbsp;&nbsp; 2361415 |
|  |  | &nbsp;&nbsp;&nbsp; $5395256 |
| Consumer Services – 1.3% | Consumer Services – 1.3% | Consumer Services – 1.3% |
| CBRE Services, Inc., 5.5%, 4/01/2029  | $2639000 | &nbsp;&nbsp;&nbsp; $2735115 |
| CBRE Services, Inc., 4.8%, 6/15/2030  | 735000 | &nbsp;&nbsp;&nbsp; 745583 |
| eBay, Inc., 4.25%, 3/06/2029  | 1752000 | &nbsp;&nbsp;&nbsp; 1759155 |
| Meituan, 4.5%, 4/02/2028 (n) | 1575000 | &nbsp;&nbsp;&nbsp; 1582030 |
| Meituan, 4.625%, 10/02/2029 (n) | 845000 | &nbsp;&nbsp;&nbsp; 850899 |
| Meituan, 4.5%, 5/05/2031 (n) | 632000 | &nbsp;&nbsp;&nbsp; 625015 |
| Rentokil Terminix LLC, 5%, 4/28/2030 (n) | 3880000 | &nbsp;&nbsp;&nbsp; 3952105 |
|  |  | &nbsp;&nbsp;&nbsp; $12249902 |
| Containers – 0.3% | Containers – 0.3% | Containers – 0.3% |
| Berry Global, Inc., 1.65%, 1/15/2027  | $2847000 | &nbsp;&nbsp;&nbsp; $2785519 |
| Electrical Equipment – 0.7% | Electrical Equipment – 0.7% | Electrical Equipment – 0.7% |
| Arrow Electronics, Inc., 5.15%, 8/21/2029  | $3068000 | &nbsp;&nbsp;&nbsp; $3138645 |
| Arrow Electronics, Inc., 2.95%, 2/15/2032  | 1491000 | &nbsp;&nbsp;&nbsp; 1335304 |
| Molex Electronic Technologies LLC, 4.75%, 4/30/2028 (n) | 2320000 | &nbsp;&nbsp;&nbsp; 2351956 |
|  |  | &nbsp;&nbsp;&nbsp; $6825905 |
| Electronics – 0.8% | Electronics – 0.8% | Electronics – 0.8% |
| Broadcom, Inc., 5.05%, 7/12/2027  | $718000 | &nbsp;&nbsp;&nbsp; $730732 |
| Broadcom, Inc., 4.75%, 4/15/2029  | 2533000 | &nbsp;&nbsp;&nbsp; 2581867 |
| Broadcom, Inc., 5.05%, 7/12/2029  | 857000 | &nbsp;&nbsp;&nbsp; 882926 |
| Broadcom, Inc., 4.35%, 2/15/2030  | 2214000 | &nbsp;&nbsp;&nbsp; 2226501 |
| Broadcom, Inc., 4.3%, 1/15/2031  | 632000 | &nbsp;&nbsp;&nbsp; 631613 |
| NXP B.V./NXP Funding LLC/NXP USA, Inc., 4.3%, 8/19/2028  | 784000 | &nbsp;&nbsp;&nbsp; 787506 |
|  |  | &nbsp;&nbsp;&nbsp; $7841145 |
| Emerging Market Sovereign – 0.2% | Emerging Market Sovereign – 0.2% | Emerging Market Sovereign – 0.2% |
| Eagle Funding LuxCo S.à r.l. (United Mexican States), 5.5%, 8/17/2030 (n)  | $2225000 | &nbsp;&nbsp;&nbsp; $2260200 |
| Energy - Independent – 1.1% | Energy - Independent – 1.1% | Energy - Independent – 1.1% |
| Diamondback Energy, Inc., 5.2%, 4/18/2027  | $934000 | &nbsp;&nbsp;&nbsp; $946927 |
| Diamondback Energy, Inc., 5.15%, 1/30/2030  | 934000 | &nbsp;&nbsp;&nbsp; 960427 |
| EQT Corp., 5.7%, 4/01/2028  | 3496000 | &nbsp;&nbsp;&nbsp; 3606198 |
| Occidental Petroleum Corp., 6.625%, 9/01/2030  | 1000000 | &nbsp;&nbsp;&nbsp; 1075229 |
| Pioneer Natural Resources Co., 1.9%, 8/15/2030  | 4567000 | &nbsp;&nbsp;&nbsp; 4142394 |
|  |  | &nbsp;&nbsp;&nbsp; $10731175 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Financial Institutions – 1.3% | Financial Institutions – 1.3% | Financial Institutions – 1.3% |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 6.45%, 4/15/2027  | $1438000 | &nbsp;&nbsp;&nbsp; $1475731 |
| Aviation Capital Group, 4.25%, 4/30/2029 (n) | 1984000 | &nbsp;&nbsp;&nbsp; 1977017 |
| Avolon Holdings Funding Ltd., 4.25%, 4/15/2026 (n) | 817000 | &nbsp;&nbsp;&nbsp; 817097 |
| Avolon Holdings Funding Ltd., 2.528%, 11/18/2027 (n) | 2263000 | &nbsp;&nbsp;&nbsp; 2197442 |
| Avolon Holdings Funding Ltd., 2.75%, 2/21/2028 (n) | 1729000 | &nbsp;&nbsp;&nbsp; 1678461 |
| SMBC Aviation Capital Finance DAC, 5.3%, 4/03/2029 (n) | 4319000 | &nbsp;&nbsp;&nbsp; 4435902 |
|  |  | &nbsp;&nbsp;&nbsp; $12581650 |
| Food & Beverages – 2.2% | Food & Beverages – 2.2% | Food & Beverages – 2.2% |
| Bacardi Ltd., 4.7%, 5/15/2028 (n) | $1006000 | &nbsp;&nbsp;&nbsp; $1014377 |
| Bacardi-Martini B.V., 5.25%, 1/15/2029 (n) | 4191000 | &nbsp;&nbsp;&nbsp; 4276393 |
| Constellation Brands, Inc., 4.8%, 5/01/2030  | 1510000 | &nbsp;&nbsp;&nbsp; 1536388 |
| JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 3%, 2/02/2029  | 5268000 | &nbsp;&nbsp;&nbsp; 5085968 |
| JDE Peet's N.V., 1.375%, 1/15/2027 (n) | 1537000 | &nbsp;&nbsp;&nbsp; 1498231 |
| Mars, Inc., 4.6%, 3/01/2028 (n) | 1941000 | &nbsp;&nbsp;&nbsp; 1966956 |
| Mars, Inc., 4.8%, 3/01/2030 (n) | 4084000 | &nbsp;&nbsp;&nbsp; 4172544 |
| Suntory Holdings Ltd., 5.124%, 6/11/2029 (n) | 1958000 | &nbsp;&nbsp;&nbsp; 2007990 |
|  |  | &nbsp;&nbsp;&nbsp; $21558847 |
| Gaming & Lodging – 1.1% | Gaming & Lodging – 1.1% | Gaming & Lodging – 1.1% |
| Flutter Treasury DAC, 5.875%, 6/04/2031 (n) | $2823000 | &nbsp;&nbsp;&nbsp; $2859567 |
| Hyatt Hotels Corp., 5.75%, 1/30/2027  | 1067000 | &nbsp;&nbsp;&nbsp; 1083584 |
| Las Vegas Sands Corp., 5.9%, 6/01/2027  | 1085000 | &nbsp;&nbsp;&nbsp; 1104918 |
| Las Vegas Sands Corp., 5.625%, 6/15/2028  | 1592000 | &nbsp;&nbsp;&nbsp; 1629911 |
| Marriott International, Inc., 4.9%, 4/15/2029  | 3462000 | &nbsp;&nbsp;&nbsp; 3539093 |
|  |  | &nbsp;&nbsp;&nbsp; $10217073 |
| Industrial – 0.1% | Industrial – 0.1% | Industrial – 0.1% |
| Booz Allen Hamilton, Inc., 4%, 7/01/2029 (n)  | $1081000 | &nbsp;&nbsp;&nbsp; $1061609 |
| Insurance – 1.1% | Insurance – 1.1% | Insurance – 1.1% |
| CNO Global Funding, 4.7%, 12/11/2030 (n) | $1701000 | &nbsp;&nbsp;&nbsp; $1699738 |
| Corebridge Financial, Inc., 3.65%, 4/05/2027  | 2425000 | &nbsp;&nbsp;&nbsp; 2414367 |
| Corebridge Global Funding, 5.2%, 1/12/2029 (n) | 1469000 | &nbsp;&nbsp;&nbsp; 1508834 |
| Sammons Financial Group Global Funding, 5.05%, 1/10/2028 (n) | 979000 | &nbsp;&nbsp;&nbsp; 994690 |
| Sammons Financial Group Global Funding, 5.1%, 12/10/2029 (n) | 3609000 | &nbsp;&nbsp;&nbsp; 3692888 |
|  |  | &nbsp;&nbsp;&nbsp; $10310517 |
| Insurance - Health – 0.3% | Insurance - Health – 0.3% | Insurance - Health – 0.3% |
| Elevance Health, Inc., 4.5%, 10/30/2026  | $1298000 | &nbsp;&nbsp;&nbsp; $1304017 |
| Elevance Health, Inc., 4.75%, 2/15/2030  | 1104000 | &nbsp;&nbsp;&nbsp; 1124092 |
|  |  | &nbsp;&nbsp;&nbsp; $2428109 |
| Insurance - Property & Casualty – 0.8% | Insurance - Property & Casualty – 0.8% | Insurance - Property & Casualty – 0.8% |
| Arthur J. Gallagher & Co., 4.6%, 12/15/2027  | $1739000 | &nbsp;&nbsp;&nbsp; $1758663 |
| Arthur J. Gallagher & Co., 4.85%, 12/15/2029  | 1739000 | &nbsp;&nbsp;&nbsp; 1779045 |
| Brown & Brown, Inc., 4.7%, 6/23/2028  | 1027000 | &nbsp;&nbsp;&nbsp; 1040623 |
| Marsh & McLennan Cos., Inc., 4.55%, 11/08/2027  | 1712000 | &nbsp;&nbsp;&nbsp; 1730752 |
| Marsh & McLennan Cos., Inc., 4.65%, 3/15/2030  | 1712000 | &nbsp;&nbsp;&nbsp; 1742817 |
|  |  | &nbsp;&nbsp;&nbsp; $8051900 |
| International Market Quasi-Sovereign – 0.2% | International Market Quasi-Sovereign – 0.2% | International Market Quasi-Sovereign – 0.2% |
| NBN Co. Ltd. (Commonwealth of Australia), 5.75%, 10/06/2028 (n)  | $2064000 | &nbsp;&nbsp;&nbsp; $2153092 |
| Machinery & Tools – 0.3% | Machinery & Tools – 0.3% | Machinery & Tools – 0.3% |
| AGCO Corp., 5.45%, 3/21/2027  | $1337000 | &nbsp;&nbsp;&nbsp; $1354744 |
| Ashtead Capital, Inc., 4.25%, 11/01/2029 (n) | 1627000 | &nbsp;&nbsp;&nbsp; 1612515 |
|  |  | &nbsp;&nbsp;&nbsp; $2967259 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Major Banks – 7.2% | Major Banks – 7.2% | Major Banks – 7.2% |
| Barclays PLC, 2.279% to 11/24/2026, FLR (CMT - 1yr. + 1.05%) to 11/24/2027  | $2856000 | &nbsp;&nbsp;&nbsp; $2816079 |
| BNP Paribas S.A., 2.591% to 1/20/2027, FLR (SOFR - 1 day + 1.228%) to 1/20/2028 (n) | 3494000 | &nbsp;&nbsp;&nbsp; 3446622 |
| Capital One Financial Co., 4.722% to 1/30/2031, FLR (SOFR - 1 day + 1.15%) to 1/30/2032 (w) | 1778000 | &nbsp;&nbsp;&nbsp; 1778530 |
| Capital One Financial Corp., 7.149% to 10/29/2026, FLR (SOFR - 1 day + 2.44%) to 10/29/2027  | 1305000 | &nbsp;&nbsp;&nbsp; 1333096 |
| Capital One Financial Corp., 5.7% to 2/01/2029, FLR (SOFR - 1 day + 1.905%) to 2/01/2030  | 621000 | &nbsp;&nbsp;&nbsp; 644801 |
| Danske Bank A.S., 5.705% to 3/01/2029, FLR (CMT - 1yr. + 1.4%) to 3/01/2030 (n) | 2107000 | &nbsp;&nbsp;&nbsp; 2191191 |
| Deutsche Bank AG, 7.146% to 7/13/2026, FLR (SOFR - 1 day + 2.52%) to 7/13/2027  | 2637000 | &nbsp;&nbsp;&nbsp; 2672792 |
| Deutsche Bank AG, 2.311% to 11/16/2026, FLR (SOFR - 1 day + 1.219%) to 11/16/2027  | 1479000 | &nbsp;&nbsp;&nbsp; 1458151 |
| Deutsche Bank AG, 6.72% to 1/18/2028, FLR (SOFR - 1 day + 3.18%) to 1/18/2029  | 169000 | &nbsp;&nbsp;&nbsp; 177023 |
| Deutsche Bank AG, 4.95% to 8/04/2030, FLR (SOFR - 1 day + 1.3%) to 8/04/2031  | 1804000 | &nbsp;&nbsp;&nbsp; 1825086 |
| Federation des Caisses Desjardins du Quebec, 4.565%, 8/26/2030 (n) | 2734000 | &nbsp;&nbsp;&nbsp; 2749944 |
| HSBC Holdings PLC, 4.899% to 3/03/2028, FLR (SOFR - 1 day + 1.03%) to 3/03/2029  | 3032000 | &nbsp;&nbsp;&nbsp; 3077299 |
| Huntington Bancshares, Inc., 4.443% to 8/04/2027, FLR (SOFR - 1 day + 1.970%) to 8/04/2028  | 254000 | &nbsp;&nbsp;&nbsp; 255464 |
| Huntington Bancshares, Inc., 6.208% to 8/21/2028, FLR (SOFR - 1 day + 2.02%) to 8/21/2029  | 449000 | &nbsp;&nbsp;&nbsp; 470611 |
| Huntington Bancshares, Inc., 5.272% to 1/15/2030, FLR (SOFR - 1 day + 1.276%) to 1/15/2031  | 946000 | &nbsp;&nbsp;&nbsp; 973447 |
| JPMorgan Chase & Co., 1.04% to 2/04/2026, FLR (SOFR - 1 day + 0.695%) to 2/04/2027  | 2761000 | &nbsp;&nbsp;&nbsp; 2760554 |
| Mitsubishi UFJ Financial Group, Inc., 5.159%, 4/24/2031  | 932000 | &nbsp;&nbsp;&nbsp; 959301 |
| Mizuho Financial Group, Inc., 4.711% to 7/08/2030, FLR (CMT - 1yr. + 0.92%) to 7/08/2031  | 2778000 | &nbsp;&nbsp;&nbsp; 2811838 |
| Morgan Stanley, 4.994% to 4/12/2028, FLR (SOFR - 1 day + 1.38%) to 4/12/2029  | 1853000 | &nbsp;&nbsp;&nbsp; 1886901 |
| Morgan Stanley Private Bank N.A., 4.466% to 7/06/2027, FLR (SOFR - 1 day + 0.77%) to 7/06/2028  | 2520000 | &nbsp;&nbsp;&nbsp; 2536089 |
| Morgan Stanley Private Bank N.A., 4.734% to 7/18/2030, FLR (SOFR - 1 day + 1.08%) to 7/18/2031  | 3296000 | &nbsp;&nbsp;&nbsp; 3339325 |
| Nationwide Building Society, 2.972% to 2/16/2027, FLR (SOFR - 1 day + 1.29%) to 2/16/2028 (n) | 4123000 | &nbsp;&nbsp;&nbsp; 4078419 |
| PNC Financial Services Group, Inc., 5.102% to 7/23/2026, FLR (SOFR - 1 day + 0.796%) to 7/23/2027  | 3392000 | &nbsp;&nbsp;&nbsp; 3410115 |
| PNC Financial Services Group, Inc., 5.354% to 12/02/2027, FLR (SOFR - 1 day + 1.62%) to 12/02/2028  | 5237000 | &nbsp;&nbsp;&nbsp; 5366655 |
| Sumitomo Mitsui Financial Group, Inc., 2.174%, 1/14/2027  | 2842000 | &nbsp;&nbsp;&nbsp; 2798375 |
| Toronto-Dominion Bank, 5.532%, 7/17/2026  | 4257000 | &nbsp;&nbsp;&nbsp; 4289317 |
| UBS Group AG, 4.703% to 8/05/2026, FLR (CMT - 1yr. + 2.05%) to 8/05/2027 (n) | 1637000 | &nbsp;&nbsp;&nbsp; 1642120 |
| UBS Group AG, 9.25% to 11/13/2028, FLR (CMT - 5yr. + 4.745%) to 5/13/2172 (n) | 428000 | &nbsp;&nbsp;&nbsp; 467283 |
| UBS Group AG, 6.6% to 2/05/2031, FLR (USD SOFR ICE Swap Rate - 5yr. + 3.122%) to 2/05/2174 (n) | 2393000 | &nbsp;&nbsp;&nbsp; 2417394 |
| Wells Fargo & Co., 3.526% to 3/24/2027, FLR (SOFR - 1 day + 1.51%) to 3/24/2028  | 3868000 | &nbsp;&nbsp;&nbsp; 3847605 |
|  |  | &nbsp;&nbsp;&nbsp; $68481427 |
| Medical & Health Technology & Services – 0.2% | Medical & Health Technology & Services – 0.2% | Medical & Health Technology & Services – 0.2% |
| HCA, Inc., 4.3%, 11/15/2030  | $585000 | &nbsp;&nbsp;&nbsp; $581633 |
| IQVIA, Inc., 5.7%, 5/15/2028  | 788000 | &nbsp;&nbsp;&nbsp; 811876 |
| IQVIA, Inc., 6.25%, 2/01/2029  | 598000 | &nbsp;&nbsp;&nbsp; 629133 |
|  |  | &nbsp;&nbsp;&nbsp; $2022642 |
| Metals & Mining – 1.1% | Metals & Mining – 1.1% | Metals & Mining – 1.1% |
| Anglo American Capital PLC, 4.75%, 4/10/2027 (n) | $2917000 | &nbsp;&nbsp;&nbsp; $2938709 |
| Glencore Funding LLC, 1.625%, 4/27/2026 (n) | 1675000 | &nbsp;&nbsp;&nbsp; 1665233 |
| Glencore Funding LLC, 5.186%, 4/01/2030 (n) | 2434000 | &nbsp;&nbsp;&nbsp; 2505659 |
| Rio Tinto Finance (USA) PLC, 4.5%, 3/14/2028  | 1609000 | &nbsp;&nbsp;&nbsp; 1628754 |
| Rio Tinto Finance (USA) PLC, 4.875%, 3/14/2030  | 1841000 | &nbsp;&nbsp;&nbsp; 1887525 |
|  |  | &nbsp;&nbsp;&nbsp; $10625880 |
| Midstream – 1.5% | Midstream – 1.5% | Midstream – 1.5% |
| Columbia Pipelines Holdings Co. LLC, 6.042%, 8/15/2028 (n) | $3227000 | &nbsp;&nbsp;&nbsp; $3361335 |
| DCP Midstream Operating LP, 5.625%, 7/15/2027  | 3776000 | &nbsp;&nbsp;&nbsp; 3844620 |
| Enbridge, Inc., 5.25%, 4/05/2027  | 2609000 | &nbsp;&nbsp;&nbsp; 2644914 |
| Enbridge, Inc., 4.9%, 6/20/2030  | 1076000 | &nbsp;&nbsp;&nbsp; 1098603 |
| Energy Transfer LP, 5.55%, 2/15/2028  | 1201000 | &nbsp;&nbsp;&nbsp; 1235156 |
| Plains All American Pipeline LP, 4.7%, 1/15/2031  | 1819000 | &nbsp;&nbsp;&nbsp; 1829063 |
|  |  | &nbsp;&nbsp;&nbsp; $14013691 |
| Mortgage-Backed – 0.4% | Mortgage-Backed – 0.4% |  |
| Fannie Mae, 3%, 12/01/2031  | $90045 | &nbsp;&nbsp;&nbsp; $88175 |
| Fannie Mae, 4.697%, 2/25/2045 (n) | 342219 | &nbsp;&nbsp;&nbsp; 342538 |
| Freddie Mac, 4.421%, 7/25/2029  | 503193 | &nbsp;&nbsp;&nbsp; 503261 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Mortgage-Backed – continued | Mortgage-Backed – continued |  |
| Freddie Mac, 1.567%, 4/25/2030 (i) | $6221500 | &nbsp;&nbsp;&nbsp; $336813 |
| Freddie Mac, 3%, 4/15/2033 - 6/15/2045  | 1964693 | &nbsp;&nbsp;&nbsp; 1915216 |
| Freddie Mac, 2%, 7/15/2042  | 264083 | &nbsp;&nbsp;&nbsp; 249929 |
|  |  | &nbsp;&nbsp;&nbsp; $3435932 |
| Municipals – 0.2% | Municipals – 0.2% | Municipals – 0.2% |
| Kentucky Higher Education Student Loan Corp. Rev., Taxable, "A-2", 5.949%, 6/01/2037  | $1180000 | &nbsp;&nbsp;&nbsp; $1215278 |
| Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, "A", 2.562%, 7/01/2026  | 315000 | &nbsp;&nbsp;&nbsp; 313367 |
|  |  | &nbsp;&nbsp;&nbsp; $1528645 |
| Network & Telecom – 0.4% | Network & Telecom – 0.4% | Network & Telecom – 0.4% |
| NTT Finance Corp., 4.567%, 7/16/2027 (n) | $536000 | &nbsp;&nbsp;&nbsp; $540671 |
| NTT Finance Corp., 4.62%, 7/16/2028 (n) | 1509000 | &nbsp;&nbsp;&nbsp; 1528819 |
| NTT Finance Corp., 4.876%, 7/16/2030 (n) | 1509000 | &nbsp;&nbsp;&nbsp; 1538665 |
|  |  | &nbsp;&nbsp;&nbsp; $3608155 |
| Oil Services – 0.2% | Oil Services – 0.2% | Oil Services – 0.2% |
| Schlumberger Holdings Corp., 5%, 5/29/2027 (n) | $1313000 | &nbsp;&nbsp;&nbsp; $1329465 |
| Schlumberger Holdings Corp., 5%, 11/15/2029 (n) | 919000 | &nbsp;&nbsp;&nbsp; 942526 |
|  |  | &nbsp;&nbsp;&nbsp; $2271991 |
| Oils – 0.3% | Oils – 0.3% | Oils – 0.3% |
| Marathon Petroleum Corp., 5.15%, 3/01/2030  | $2724000 | &nbsp;&nbsp;&nbsp; $2804264 |
| Other Banks & Diversified Financials – 2.4% | Other Banks & Diversified Financials – 2.4% | Other Banks & Diversified Financials – 2.4% |
| AIB Group PLC, 6.608% to 9/13/2028, FLR (SOFR - 1 day + 2.33%) to 9/13/2029 (n) | $409000 | &nbsp;&nbsp;&nbsp; $433888 |
| American Express Co., 4.731% to 4/25/2028, FLR (SOFR - 1 day + 1.26%) to 4/25/2029  | 2697000 | &nbsp;&nbsp;&nbsp; 2737628 |
| Banque Federative du Credit Mutuel S.A., 5.896%, 7/13/2026 (n) | 1887000 | &nbsp;&nbsp;&nbsp; 1903878 |
| BPCE S.A., 5.281%, 5/30/2029 (n) | 1969000 | &nbsp;&nbsp;&nbsp; 2028525 |
| CaixaBank S.A., 4.634% to 7/03/2028, FLR (SOFR - 1 day + 1.14%) to 7/03/2029 (n) | 970000 | &nbsp;&nbsp;&nbsp; 980146 |
| CaixaBank S.A., 5.673% to 3/15/2029, FLR (SOFR - 1 day + 1.78%) to 3/15/2030 (n) | 3255000 | &nbsp;&nbsp;&nbsp; 3382883 |
| Citizens Financial Group, Inc., 5.841% to 1/23/2029, FLR (SOFR - 1 day + 2.01%) to 1/23/2030  | 2201000 | &nbsp;&nbsp;&nbsp; 2295749 |
| First Citizens Bancshare, Inc., 5.231% to 3/12/2030, FLR (SOFR - 1 day + 1.41%) to 3/12/2031  | 2376000 | &nbsp;&nbsp;&nbsp; 2410841 |
| M&T Bank Corp., 4.833% to 1/16/2028, FLR (SOFR - 1 day + 0.93%) to 1/16/2029  | 1321000 | &nbsp;&nbsp;&nbsp; 1342265 |
| M&T Bank Corp., 7.413% to 10/30/2028, FLR (SOFR - 1 day + 2.80%) to 10/30/2029  | 706000 | &nbsp;&nbsp;&nbsp; 765291 |
| Synchrony Financial, 5.019% to 7/29/2028, FLR (SOFR - 1 day + 1.395%) to 7/29/2029  | 1140000 | &nbsp;&nbsp;&nbsp; 1153305 |
| Truist Financial Corp., 5.435% to 1/24/2029, FLR (SOFR - 1 day + 1.62%) to 1/24/2030  | 3350000 | &nbsp;&nbsp;&nbsp; 3467022 |
|  |  | &nbsp;&nbsp;&nbsp; $22901421 |
| Pharmaceuticals – 0.2% | Pharmaceuticals – 0.2% | Pharmaceuticals – 0.2% |
| Biogen, Inc., 5.05%, 1/15/2031  | $2017000 | &nbsp;&nbsp;&nbsp; $2076129 |
| Printing & Publishing – 0.2% | Printing & Publishing – 0.2% | Printing & Publishing – 0.2% |
| News Corp., 3.875%, 5/15/2029 (n)  | $2396000 | &nbsp;&nbsp;&nbsp; $2334349 |
| Real Estate - Apartment – 0.2% | Real Estate - Apartment – 0.2% | Real Estate - Apartment – 0.2% |
| American Homes 4 Rent LP, REIT, 4.95%, 6/15/2030  | $2385000 | &nbsp;&nbsp;&nbsp; $2415871 |
| Real Estate - Office – 0.4% | Real Estate - Office – 0.4% | Real Estate - Office – 0.4% |
| Corporate Office Property LP, REIT, 2.25%, 3/15/2026  | $3275000 | &nbsp;&nbsp;&nbsp; $3267890 |
| Corporate Office Property LP, REIT, 2%, 1/15/2029  | 524000 | &nbsp;&nbsp;&nbsp; 492551 |
|  |  | &nbsp;&nbsp;&nbsp; $3760441 |
| Real Estate - Retail – 0.5% | Real Estate - Retail – 0.5% | Real Estate - Retail – 0.5% |
| STORE Capital Corp., REIT, 4.5%, 3/15/2028  | $394000 | &nbsp;&nbsp;&nbsp; $395438 |
| WEA Finance LLC, 4.125%, 9/20/2028 (n) | 2997000 | &nbsp;&nbsp;&nbsp; 2975448 |
| WEA Finance LLC, 3.5%, 6/15/2029 (n) | 697000 | &nbsp;&nbsp;&nbsp; 674777 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Real Estate - Retail – continued | Real Estate - Retail – continued | Real Estate - Retail – continued |
| WEA Finance LLC, REIT, 2.875%, 1/15/2027 (n) | $506000 | &nbsp;&nbsp;&nbsp; $499318 |
|  |  | &nbsp;&nbsp;&nbsp; $4544981 |
| Retailers – 0.6% | Retailers – 0.6% | Retailers – 0.6% |
| AutoNation, Inc., 4.45%, 1/15/2029  | $3977000 | &nbsp;&nbsp;&nbsp; $3985790 |
| AutoNation, Inc., 3.85%, 3/01/2032  | 2258000 | &nbsp;&nbsp;&nbsp; 2129877 |
|  |  | &nbsp;&nbsp;&nbsp; $6115667 |
| Specialty Chemicals – 0.0% | Specialty Chemicals – 0.0% | Specialty Chemicals – 0.0% |
| International Flavors & Fragrances, Inc., 1.832%, 10/15/2027 (n)  | $294000 | &nbsp;&nbsp;&nbsp; $282852 |
| Specialty Stores – 0.4% | Specialty Stores – 0.4% | Specialty Stores – 0.4% |
| Genuine Parts Co., 4.95%, 8/15/2029  | $1945000 | &nbsp;&nbsp;&nbsp; $1976546 |
| Ross Stores, Inc., 0.875%, 4/15/2026  | 2026000 | &nbsp;&nbsp;&nbsp; 2013669 |
|  |  | &nbsp;&nbsp;&nbsp; $3990215 |
| Telecommunications - Wireless – 0.6% | Telecommunications - Wireless – 0.6% | Telecommunications - Wireless – 0.6% |
| Crown Castle, Inc., REIT, 2.9%, 3/15/2027  | $448000 | &nbsp;&nbsp;&nbsp; $442457 |
| Rogers Communications, Inc., 3.2%, 3/15/2027  | 4027000 | &nbsp;&nbsp;&nbsp; 3990884 |
| T-Mobile USA, Inc., 4.2%, 10/01/2029  | 1122000 | &nbsp;&nbsp;&nbsp; 1125194 |
|  |  | &nbsp;&nbsp;&nbsp; $5558535 |
| Tobacco – 1.0% | Tobacco – 1.0% | Tobacco – 1.0% |
| B.A.T. International Finance PLC, 5.931%, 2/02/2029  | $2754000 | &nbsp;&nbsp;&nbsp; $2890783 |
| Japan Tobacco, Inc., 4.85%, 5/15/2028 (n) | 2340000 | &nbsp;&nbsp;&nbsp; 2382431 |
| Philip Morris International, Inc., 5.125%, 11/17/2027  | 1241000 | &nbsp;&nbsp;&nbsp; 1267268 |
| Philip Morris International, Inc., 4.875%, 2/15/2028  | 1661000 | &nbsp;&nbsp;&nbsp; 1692214 |
| Philip Morris International, Inc., 4.125%, 4/28/2028  | 1184000 | &nbsp;&nbsp;&nbsp; 1189849 |
|  |  | &nbsp;&nbsp;&nbsp; $9422545 |
| Transportation - Services – 1.5% | Transportation - Services – 1.5% | Transportation - Services – 1.5% |
| Element Fleet Management Corp., 5.643%, 3/13/2027 (n) | $4254000 | &nbsp;&nbsp;&nbsp; $4321701 |
| Element Fleet Management Corp., 5.037%, 3/25/2030 (n) | 3307000 | &nbsp;&nbsp;&nbsp; 3378778 |
| GXO Logistics, Inc., 6.25%, 5/06/2029  | 1230000 | &nbsp;&nbsp;&nbsp; 1297468 |
| Penske Truck Leasing Co. LP, 5.35%, 1/12/2027 (n) | 1598000 | &nbsp;&nbsp;&nbsp; 1616484 |
| Penske Truck Leasing Co. LP, 5.35%, 3/30/2029 (n) | 1804000 | &nbsp;&nbsp;&nbsp; 1857755 |
| Penske Truck Leasing Co. LP, 5.25%, 7/01/2029 (n) | 1278000 | &nbsp;&nbsp;&nbsp; 1313762 |
| Triton International Ltd., 5.15%, 2/15/2033  | 1006000 | &nbsp;&nbsp;&nbsp; 1001393 |
|  |  | &nbsp;&nbsp;&nbsp; $14787341 |
| U.S. Treasury Obligations – 25.8% | U.S. Treasury Obligations – 25.8% | U.S. Treasury Obligations – 25.8% |
| U.S. Treasury Notes, 4.625%, 2/28/2026 (f)(s) | $23843000 | &nbsp;&nbsp;&nbsp; $23856918 |
| U.S. Treasury Notes, 4.5%, 7/15/2026  | 46993000 | &nbsp;&nbsp;&nbsp; 47172620 |
| U.S. Treasury Notes, 4.125%, 10/31/2026 (f)(s) | 36319000 | &nbsp;&nbsp;&nbsp; 36444130 |
| U.S. Treasury Notes, 4.625%, 11/15/2026 (f) | 32309000 | &nbsp;&nbsp;&nbsp; 32557123 |
| U.S. Treasury Notes, 4.875%, 10/31/2028  | 44722000 | &nbsp;&nbsp;&nbsp; 46199923 |
| U.S. Treasury Notes, 4.625%, 4/30/2029  | 58710000 | &nbsp;&nbsp;&nbsp; 60462126 |
|  |  | &nbsp;&nbsp;&nbsp; $246692840 |
| Utilities - Electric Power – 1.6% | Utilities - Electric Power – 1.6% | Utilities - Electric Power – 1.6% |
| Algonquin Power & Utilities Corp., 5.365%, 6/15/2026  | $830000 | &nbsp;&nbsp;&nbsp; $833732 |
| American Transmission Systems, Inc., 2.65%, 1/15/2032 (n) | 323000 | &nbsp;&nbsp;&nbsp; 291309 |
| Con Edison Co. of NY, Inc., FLR, 4.323% (SOFR - 1 day + 0.52%), 11/18/2027  | 1985000 | &nbsp;&nbsp;&nbsp; 1989152 |
| Eversource Energy, 4.45%, 12/15/2030  | 3161000 | &nbsp;&nbsp;&nbsp; 3155748 |
| NextEra Energy Capital Holdings, Inc., 4.685%, 9/01/2027  | 1711000 | &nbsp;&nbsp;&nbsp; 1730577 |
| Pacific Gas & Electric Co., 6.1%, 1/15/2029  | 2045000 | &nbsp;&nbsp;&nbsp; 2144752 |
| Pacific Gas & Electric Co., 5.55%, 5/15/2029  | 3384000 | &nbsp;&nbsp;&nbsp; 3495738 |
| PSEG Power LLC, 5.2%, 5/15/2030 (n) | 790000 | &nbsp;&nbsp;&nbsp; 810422 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Utilities - Electric Power – continued | Utilities - Electric Power – continued | Utilities - Electric Power – continued |
| Trans-Allegheny Interstate Line Co., 5%, 1/15/2031 (n) | $1075000 | &nbsp;&nbsp;&nbsp; $1105026 |
|  |  | &nbsp;&nbsp;&nbsp; $15556456 |
| **Total Bonds**  |  | &nbsp;&nbsp; **$782763649** |
| Mutual Funds (h) – 8.7%  | Mutual Funds (h) – 8.7%  | Mutual Funds (h) – 8.7%  |
| Money Market Funds – 8.7% | Money Market Funds – 8.7% |  |
| MFS Institutional Money Market Portfolio, 3.73% (v)  | 83654320 | &nbsp;&nbsp;&nbsp; $83671051 |
| Short-Term Obligations (s)(y) – 2.2%  |  |  |
| Federal Home Loan Bank, 3.52%, due 2/02/2026  | $20547000 | &nbsp;&nbsp;&nbsp; $20541041 |
| Other Assets, Less Liabilities – 7.3% |  | &nbsp;&nbsp;&nbsp; 69979110 |
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp; **$956954851** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) All or a portion of the security has been segregated as collateral for open futures
 contracts, cleared swap agreements, and uncleared swap agreements.

&nbsp;&nbsp;&nbsp;&nbsp;(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more
 of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of the fund's investments in affiliated
 issuers and in unaffiliated issuers were $83,671,051 and $803,304,690, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Interest only security for which the fund receives interest on notional principal
 (Par amount). Par amount shown is the notional principal and does not reflect the cost of the security.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Securities exempt from registration under Rule 144A of the Securities Act of 1933.
 These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers.
 At period end, the aggregate value of these securities was $279,893,801, representing 29.2% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(s) All or a portion of security is held by a wholly-owned subsidiary. See Principles
 of Consolidation in the notes for details of the wholly-owned subsidiary.

&nbsp;&nbsp;&nbsp;&nbsp;(v) Affiliated issuer that is available only to investment companies managed by MFS. The
 rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period end.

&nbsp;&nbsp;&nbsp;&nbsp;(w) When-issued security.

&nbsp;&nbsp;&nbsp;&nbsp;(y) The rate shown represents an annualized yield at time of purchase.

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

---

| | |
|:---|:---|
| The following abbreviations are used in this report and are defined: | The following abbreviations are used in this report and are defined: |
| BCOMCLTR | Bloomberg WTI Crude Oil Subindex Total Return, this index is composed of composed of futures contracts on WTI crude oil. It reflects the <br> return on fully collateralized futures positions. It is quoted in USD.<br>|
| BCOMCOT | Bloomberg Brent Crude Subindex Total Return, this index is composed of futures contracts on brent crude. It is quoted in USD. |
| BCOMCTTR | Bloomberg Cotton Subindex Total Return, this index is composed of futures contracts on cotton. It reflects the return on fully collateralized <br> futures positions. It is quoted in USD.<br>|
| BCOMF3T | Bloomberg Commodity Index 3 Month Forward Total Return, this index is composed of longer-dated futures contracts on 19 physical <br> commodities. It is quoted in USD.<br>|
| BCOMF6T | Bloomberg Commodity Index 6 Month Forward Total Return, this index is composed of longer-dated futures contracts on 21 physical <br> commodities. It is quoted in USD.<br>|
| BCOMFCT | Bloomberg Feeder Cattle Subindex Total Return, this index is comprised of futures contracts on feeder cattle. It is quoted in USD. |
| BCOMGCTR | Bloomberg Gold Subindex Total Return, this index is composed of futures contracts on gold. It is quoted in USD. |
| BCOMGOT | Bloomberg Gas and Oil Subindex Total Return, this index is composed of futures contracts on gas and oil. It is quoted in USD. |
| BCOMHGTR | Bloomberg Copper Subindex Total Return, this index is composed of futures contracts on copper. It is quoted in USD. |
| BCOMHOTR | Bloomberg Heating Oil Subindex Total Return, this index is composed of futures contracts on heating oil. It reflects the return on fully <br> collateralized futures positions. It is quoted in USD.<br>|
| BCOMKCTR | Bloomberg Coffee Subindex Total Return, this index is composed of futures contracts on coffee. It reflects the return on fully collateralized <br> futures positions. It is quoted in USD.<br>|
| BCOMKWT | Bloomberg Kansas Wheat Subindex Total Return, this index is composed of futures contracts on wheat and Kansas wheat. It is quoted in USD. |
| BCOMLCTR | Bloomberg Live Cattle Subindex Total Return, this index is composed of futures contracts on live cattle. It is quoted in USD. |
| BCOMLHTR | Bloomberg Lean Hogs Subindex Total Return, this index is composed of futures contracts on lean hogs. It reflects the return of underlying <br> commodity futures price movements only. It is quoted in USD.<br>|
| BCOMNGTR | Bloomberg Natural Gas Subindex Total Return, this index is composed of futures contracts on natural gas. It reflects the return on fully <br> collateralized futures positions. It is quoted in USD.<br>|
| BCOMNITR | Bloomberg Nickel Subindex Total Return, this index is a single commodity subindex of the Bloomberg CI composed of futures contracts on <br> Nickel. It reflects the return of underlying commodity futures price movements only. It is quoted in USD.<br>|
| BCOMPBTR | Bloomberg Lead Subindex Total Return, this index is composed of futures contracts on lead. It reflects the return of underlying commodity <br> futures price movements only. It is quoted in USD.<br>|
| BCOMRBTR | Bloomberg Unleaded Gasoline Subindex Total Return, this index is composed of futures contracts on unleaded gasoline. It reflects the return <br> on fully collateralized futures positions. It is quoted in USD.<br>|

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | |
|:---|:---|
| BCOMSMT | Bloomberg Soybean Meal Subindex Total Return, this index is composed of futures contracts on soybean meal. It is quoted in USD. |
| BCOMSYTR | Bloomberg Soybeans Subindex Total Return, this index is composed of futures contracts on soybeans. It is quoted in USD. |
| BCOMTR | Bloomberg Commodity Index Total Return |
| BCOMWHTR | Bloomberg Wheat Subindex Total Return, this index is composed of futures contracts on wheat. It reflects the return on fully collateralized <br> futures positions. It is quoted in USD.<br>|
| CLO | Collateralized Loan Obligation |
| CMT | Constant Maturity Treasury  |
| CVICPTD0 | Citibank Bloomberg Commodity Index Total Return |
| FLR | Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate <br> reported may not be the current rate. All reference rates are USD unless otherwise noted.<br>|
| ICE | Intercontinental Exchange |
| MLCILPRT | Merrill Lynch International Bloomberg Commodity Index Total Return |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |
| SPGCCCTR | S&P GSCI Cocoa Index Total Return |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Derivative Contracts at 1/31/26** | **Derivative Contracts at 1/31/26** | **Derivative Contracts at 1/31/26** | **Derivative Contracts at 1/31/26** | **Derivative Contracts at 1/31/26** | **Derivative Contracts at 1/31/26** | **Derivative Contracts at 1/31/26** |
| **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  |
| **Description** | **Long/** <br>**Short**<br>| **Currency** | **Contracts** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Value/Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  |  |  |
| U.S. Treasury Note 2 yr | &nbsp;&nbsp; Long | &nbsp;&nbsp; USD | &nbsp;&nbsp; 31 | $6463258 | March – 2026 | &nbsp;&nbsp; $(13972)<br>|

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  | **Cleared Swap Agreements**  |
| **Maturity** <br>**Date** | **Maturity** <br>**Date** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Counterparty** | &nbsp;&nbsp; **Cash Flows** <br>**to Receive/** <br>**Frequency**<br>| &nbsp;&nbsp; **Cash Flows** <br>**to Pay/** <br>**Frequency**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Net** <br>**Unamortized** <br>**Upfront** <br>**Payments** <br>**(Receipts)**<br>| **Value** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |  |  |  |
| ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  | ***Interest Rate Swaps***  |  |  |  |
| 10/02/26 | USD | 44600000  | centrally cleared | 4.697%/Annually  | 1-day SOFR / Annually  | &nbsp;&nbsp; $436877 | &nbsp;&nbsp; $(4023)<br>| &nbsp;&nbsp; $432854 |
| 10/02/26 | USD | 13800000  | centrally cleared | 4.664%/Annually  | 1-day SOFR / Annually  | &nbsp;&nbsp; 130074 | &nbsp;&nbsp; — | &nbsp;&nbsp; 130074 |
| 12/23/27 | USD | 34600000  | centrally cleared | 4.106% Annually  | 1-day SOFR / Annually  | &nbsp;&nbsp; 479785 | &nbsp;&nbsp; — | &nbsp;&nbsp; 479785 |
|  |  |  |  |  |  | &nbsp;&nbsp; $1046736 | &nbsp;&nbsp; $(4023)<br>| &nbsp;&nbsp; $1042713 |

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  | **Uncleared Swap Agreements**  |
| **Maturity** <br>**Date** | **Maturity** <br>**Date** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Counterparty** | &nbsp;&nbsp; **Cash Flows** <br>**to Receive** <br>**(Monthly)**<br>| &nbsp;&nbsp; **Cash Flows** <br>**to Pay** <br>**(Monthly)**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Net** <br>**Unamortized** <br>**Upfront** <br>**Payments** <br>**(Receipts)**<br>| **Value** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |  |  |  |
| ***Total Return Swaps***  | ***Total Return Swaps***  | ***Total Return Swaps***  | ***Total Return Swaps***  | ***Total Return Swaps***  | ***Total Return Swaps***  |  |  |  |
| 7/17/26 | USD | 7,225,725 (Short)  | Citibank N.A. | &nbsp;&nbsp; 3 month T-Bill - <br> 0.03% <br>| &nbsp;&nbsp; BCOMHGTR <br> (floating rate) <br>| &nbsp;&nbsp; $21056 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $21056 |
| 7/17/26 | USD | 14,928,956 (Short)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; 3 month T-Bill - <br> 0.02% <br>| &nbsp;&nbsp; BCOMSYTR <br> (floating rate) <br>| &nbsp;&nbsp; 44775 | &nbsp;&nbsp; — | &nbsp;&nbsp; 44775 |
| 8/10/26 | USD | 4,630,964 (Short)  | Morgan Stanley  | &nbsp;&nbsp; 3 month T-Bill - <br> 0.05% <br>| &nbsp;&nbsp; BCOMWHTR <br> (floating rate) <br>| &nbsp;&nbsp; 13185 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13185 |
| 8/17/26 | USD | 9,982,451 (Short)  | &nbsp;&nbsp; Goldman Sachs <br> International<br>| &nbsp;&nbsp; 3 month T-Bill - <br> 0.06% <br>| &nbsp;&nbsp; BCOMPBTR <br> (floating rate) <br>| &nbsp;&nbsp; 30324 | &nbsp;&nbsp; — | &nbsp;&nbsp; 30324 |
| 9/30/26 | USD | 7,138,636 (Short)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; 3 month T-Bill - <br> 0.07% <br>| &nbsp;&nbsp; BCOMNITR (floating <br> rate) <br>| &nbsp;&nbsp; 19989 | &nbsp;&nbsp; — | &nbsp;&nbsp; 19989 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  |
| **Maturity**<br> **Date** | **Maturity**<br> **Date** | &nbsp;&nbsp; **Notional**<br> **Amount**<br>| **Counterparty** | &nbsp;&nbsp; **Cash Flows**<br> **to Receive**<br> **(Monthly)**<br>| &nbsp;&nbsp; **Cash Flows**<br> **to Pay**<br> **(Monthly)**<br>| **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>| **Net**<br> **Unamortized**<br> **Upfront**<br> **Payments**<br> **(Receipts)**<br>| **Value** |
| **Asset Derivatives - continued** | **Asset Derivatives - continued** | **Asset Derivatives - continued** | **Asset Derivatives - continued** | **Asset Derivatives - continued** | **Asset Derivatives - continued** |  |  |  |
| ***Total Return Swaps - continued*** | ***Total Return Swaps - continued*** | ***Total Return Swaps - continued*** | ***Total Return Swaps - continued*** | ***Total Return Swaps - continued*** | ***Total Return Swaps - continued*** |  |  |  |
| 11/02/26 | USD | 19,488,775 (Short)  | &nbsp;&nbsp; Goldman Sachs <br> International<br>| &nbsp;&nbsp; 3 month T-Bill - <br> 0.05% <br>| &nbsp;&nbsp; BCOMKWT (floating <br> rate) <br>| &nbsp;&nbsp; $55638 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $55638 |
| 11/09/26 | USD | 6,776,746 (Short)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; 3 month T-Bill - <br> 0.03% <br>| &nbsp;&nbsp; BCOMCTTR <br> (floating rate) <br>| &nbsp;&nbsp; 20949 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20949 |
| 12/21/26 | USD | 4,521,925 (Short)  | &nbsp;&nbsp; Merrill Lynch <br> International<br>| &nbsp;&nbsp; 3 month T-Bill - <br> 0.02% <br>| &nbsp;&nbsp; BCOMSMT (floating <br> rate) <br>| &nbsp;&nbsp; 14052 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14052 |
| 1/15/27 | USD | 7,829,820 (Short)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; 3 month T-Bill - <br> 0.08% <br>| &nbsp;&nbsp; SPGCCCTR (floating <br> rate) <br>| &nbsp;&nbsp; 34150 | &nbsp;&nbsp; — | &nbsp;&nbsp; 34150 |
| 1/29/27 | USD | 13,395,575 (Short)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; 3 month T-Bill - <br> 0.05% <br>| &nbsp;&nbsp; BCOMHOTR <br> (floating rate) <br>| &nbsp;&nbsp; 38705 | &nbsp;&nbsp; — | &nbsp;&nbsp; 38705 |
| 2/22/27 | USD | 11,799,794 (Short)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; 3 month T-Bill - <br> 0.03% <br>| &nbsp;&nbsp; BCOMCTTR <br> (floating rate) <br>| &nbsp;&nbsp; 11847 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11847 |
| 2/22/27 | USD | 14,792,995 (Short)  | &nbsp;&nbsp; Goldman Sachs <br> International<br>| &nbsp;&nbsp; 3 month T-Bill - <br> 0.04% <br>| &nbsp;&nbsp; BCOMNGTR <br> (floating rate) <br>| &nbsp;&nbsp; 11814 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11814 |
|  |  |  |  |  |  | &nbsp;&nbsp; $316484 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $316484 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |  |  |  |
| ***Total Return Swaps***  | ***Total Return Swaps***  | ***Total Return Swaps***  | ***Total Return Swaps***  | ***Total Return Swaps***  | ***Total Return Swaps***  |  |  |  |
| 2/17/26 | USD | 36,790,668 (Long)  | &nbsp;&nbsp; Goldman Sachs <br> International<br>| &nbsp;&nbsp; BCOMTR (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.065% <br>| &nbsp;&nbsp; $(104316)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(104316)<br>|
| 2/17/26 | USD | 48,881,963 (Long)  | &nbsp;&nbsp; Goldman Sachs <br> International<br>| &nbsp;&nbsp; BCOMF6T (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.11% <br>| &nbsp;&nbsp; (143895)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (143895)<br>|
| 3/06/26 | USD | 12,063,803 (Long)  | Citibank N.A. | &nbsp;&nbsp; BCOMTR (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.07% <br>| &nbsp;&nbsp; (34254)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (34254)<br>|
| 3/13/26 | USD | 26,168,605 (Long)  | &nbsp;&nbsp; Merrill Lynch <br> International<br>| &nbsp;&nbsp; BCOMF6T (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.11% <br>| &nbsp;&nbsp; (77036)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (77036)<br>|
| 4/02/26 | USD | 61,488,552 (Long)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; BCOMF6T (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.105% <br>| &nbsp;&nbsp; (180759)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (180759)<br>|
| 5/08/26 | USD | 60,246,059 (Long)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; BCOMTR (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.07% <br>| &nbsp;&nbsp; (171059)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (171059)<br>|
| 5/08/26 | USD | 26,737,126 (Long)  | Citibank N.A. | &nbsp;&nbsp; BCOMF6T (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.10% <br>| &nbsp;&nbsp; (78493)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (78493)<br>|
| 7/06/26 | USD | 19,750,758 (Long)  | Morgan Stanley  | &nbsp;&nbsp; BCOMLCTR <br> (floating rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.10% <br>| &nbsp;&nbsp; (61188)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (61188)<br>|
| 8/10/26 | USD | 30,632,710 (Long)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; BCOMF6T (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.105% <br>| &nbsp;&nbsp; (90055)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (90055)<br>|
| 8/17/26 | USD | 31,996,728 (Long)  | &nbsp;&nbsp; Goldman Sachs <br> International<br>| &nbsp;&nbsp; BCOMTR (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.065% <br>| &nbsp;&nbsp; (90723)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (90723)<br>|
| 9/08/26 | USD | 47,752,347 (Long)  | &nbsp;&nbsp; Goldman Sachs <br> International<br>| &nbsp;&nbsp; BCOMF3T (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.08% <br>| &nbsp;&nbsp; (139067)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (139067)<br>|
| 9/08/26 | USD | 47,752,347 (Long)  | &nbsp;&nbsp; Merrill Lynch <br> International<br>| &nbsp;&nbsp; BCOMF3T (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.09% <br>| &nbsp;&nbsp; (139449)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (139449)<br>|
| 9/08/26 | USD | 26,453,864 (Long)  | &nbsp;&nbsp; Goldman Sachs <br> International<br>| &nbsp;&nbsp; BCOMF6T (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.10% <br>| &nbsp;&nbsp; (77664)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (77664)<br>|
| 9/30/26 | USD | 6,392,360 (Long)  | &nbsp;&nbsp; Merrill Lynch <br> International<br>| &nbsp;&nbsp; BCOMFCT (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.08% <br>| &nbsp;&nbsp; (19194)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (19194)<br>|
| 10/09/26 | USD | 53,415,345 (Long)  | Citibank N.A. | &nbsp;&nbsp; BCOMF3T (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.08% <br>| &nbsp;&nbsp; (155556)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (155556)<br>|
| 10/09/26 | USD | 41,609,116 (Long)  | &nbsp;&nbsp; Goldman Sachs <br> International<br>| &nbsp;&nbsp; BCOMTR (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.065% <br>| &nbsp;&nbsp; (117980)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (117980)<br>|

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  | **Uncleared Swap Agreements - continued**  |
| **Maturity**<br> **Date** | **Maturity**<br> **Date** | &nbsp;&nbsp; **Notional**<br> **Amount**<br>| **Counterparty** | &nbsp;&nbsp; **Cash Flows**<br> **to Receive**<br> **(Monthly)**<br>| &nbsp;&nbsp; **Cash Flows**<br> **to Pay**<br> **(Monthly)**<br>| **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>| **Net**<br> **Unamortized**<br> **Upfront**<br> **Payments**<br> **(Receipts)**<br>| **Value** |
| **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** |  |  |  |
| ***Total Return Swaps - continued*** | ***Total Return Swaps - continued*** | ***Total Return Swaps - continued*** | ***Total Return Swaps - continued*** | ***Total Return Swaps - continued*** | ***Total Return Swaps - continued*** |  |  |  |
| 10/09/26 | USD | 53,415,345 (Long)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; BCOMF3T (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.08% <br>| &nbsp;&nbsp; $(155556)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(155556)<br>|
| 10/09/26 | USD | 52,254,142 (Long)  | &nbsp;&nbsp; Goldman Sachs <br> International<br>| &nbsp;&nbsp; BCOMF3T (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.08% <br>| &nbsp;&nbsp; (152177)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (152177)<br>|
| 10/12/26 | USD | 8,090,315 (Long)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; BCOMGOT (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.07% <br>| &nbsp;&nbsp; (21335)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (21335)<br>|
| 10/12/26 | USD | 12,590,037 (Long)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; BCOMRBTR <br> (floating rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.07% <br>| &nbsp;&nbsp; (35275)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (35275)<br>|
| 12/11/26 | USD | 128,591,918 (Long)  | Citibank N.A. | &nbsp;&nbsp; CVICPTD0 (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.11% <br>| &nbsp;&nbsp; (375486)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (375486)<br>|
| 12/11/26 | USD | 7,686,750 (Long)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; BCOMCOT (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.07% <br>| &nbsp;&nbsp; (20980)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (20980)<br>|
| 1/15/27 | USD | 12,293,417 (Long)  | &nbsp;&nbsp; Merrill Lynch <br> International<br>| &nbsp;&nbsp; BCOMGCTR <br> (floating rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.05% <br>| &nbsp;&nbsp; (35203)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (35203)<br>|
| 1/15/27 | USD | 14,107,527 (Long)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; BCOMCLTR (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.07% <br>| &nbsp;&nbsp; (38676)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (38676)<br>|
| 1/15/27 | USD | 26,587,012 (Long)  | &nbsp;&nbsp; Goldman Sachs <br> International<br>| &nbsp;&nbsp; BCOMTR (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.065% <br>| &nbsp;&nbsp; (75385)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (75385)<br>|
| 1/29/27 | USD | 11,549,538 (Long)  | &nbsp;&nbsp; Merrill Lynch <br> International<br>| &nbsp;&nbsp; BCOMLHTR <br> (floating rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.10% <br>| &nbsp;&nbsp; (40355)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (40355)<br>|
| 1/29/27 | USD | 125,175,092 (Long)  | &nbsp;&nbsp; Merrill Lynch <br> International<br>| &nbsp;&nbsp; MLCILPRT (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.13% <br>| &nbsp;&nbsp; (428814)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (428814)<br>|
| 1/29/27 | USD | 9,692,971 (Long)  | &nbsp;&nbsp; Merrill Lynch <br> International<br>| &nbsp;&nbsp; BCOMTR (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.06% <br>| &nbsp;&nbsp; (32639)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (32639)<br>|
| 2/22/27 | USD | 11,483,734 (Long)  | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| &nbsp;&nbsp; BCOMKCTR <br> (floating rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.12% <br>| &nbsp;&nbsp; (12347)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (12347)<br>|
| 3/01/27 | USD | 38,000,000 (Long)  | Citibank N.A. | &nbsp;&nbsp; BCOMF6T (floating <br> rate) <br>| &nbsp;&nbsp; 3 month T-Bill + <br> 0.10% <br>| &nbsp;&nbsp; (1069324)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1069324)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp; $(4174240)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(4174240)<br>|

---

At January 31, 2026, the fund had liquid securities collateral with an aggregate value of $5,692,552 to cover any collateral or margin obligations for certain derivative contracts.

(a) The Merrill Lynch MLCILPRT Commodity Index seeks to provide exposure to a diversified group of commodities. The portfolio has indirect exposure to all of the underlying positions that make up the non-public index through its investment in the swap, the fund has indirect exposure to the following positions that compose the MLCILPRT:

---

| | | |
|:---|:---|:---|
| **Referenced Commodity Futures Contracts**  | **% of Notional** | &nbsp;&nbsp; **Notional** <br>**Amount:** <br>**$125,175,092\***<br>|
| Long Futures Contracts |  |  |
| Soybean Oil - March 2026 | &nbsp;&nbsp;&nbsp; 0.9% | &nbsp;&nbsp;&nbsp; 1156377<br>|
| Soybean Oil - May 2026 | &nbsp;&nbsp;&nbsp; 2.1% | &nbsp;&nbsp;&nbsp; 2658951<br>|
| Corn - March 2026 | &nbsp;&nbsp;&nbsp; 1.1% | &nbsp;&nbsp;&nbsp; 1393417<br>|
| Corn - May 2026 | &nbsp;&nbsp;&nbsp; 3.7% | &nbsp;&nbsp;&nbsp; 4631113<br>|
| Cocoa - May 2026 | &nbsp;&nbsp;&nbsp; 0.8% | &nbsp;&nbsp;&nbsp; 1051570<br>|
| WTI - March 2026 | &nbsp;&nbsp;&nbsp; 1.3% | &nbsp;&nbsp;&nbsp; 1636035<br>|
| WTI - May 2026 | &nbsp;&nbsp;&nbsp; 5.2% | &nbsp;&nbsp;&nbsp; 6561768<br>|
| Brent - May 2026 | &nbsp;&nbsp;&nbsp; 8.1% | &nbsp;&nbsp;&nbsp; 10111739<br>|
| Cotton - March 2026 | &nbsp;&nbsp;&nbsp; 0.3% | &nbsp;&nbsp;&nbsp; 392642<br>|
| Cotton - May 2026 | &nbsp;&nbsp;&nbsp; 1.1% | &nbsp;&nbsp;&nbsp; 1371574<br>|
| Gold - April 2026 | &nbsp;&nbsp;&nbsp; 16.3% | &nbsp;&nbsp;&nbsp; 20344862 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Referenced Commodity Futures Contracts**  | **% of Notional** | &nbsp;&nbsp; **Notional**<br> **Amount:**<br> **$125,175,092\***<br>|
| Copper Comex - March 2026 | &nbsp;&nbsp;&nbsp; 1.6% | &nbsp;&nbsp;&nbsp; 2010886<br>|
| Copper Comex - May 2026 | &nbsp;&nbsp;&nbsp; 4.5% | &nbsp;&nbsp;&nbsp; 5577413<br>|
| Heating Oil - March 2026 | &nbsp;&nbsp;&nbsp; 0.5% | &nbsp;&nbsp;&nbsp; 629798<br>|
| Heating Oil - May 2026 | &nbsp;&nbsp;&nbsp; 1.7% | &nbsp;&nbsp;&nbsp; 2165738<br>|
| Coffee - March 2026 | &nbsp;&nbsp;&nbsp; 0.7% | &nbsp;&nbsp;&nbsp; 825951<br>|
| Coffee - May 2026 | &nbsp;&nbsp;&nbsp; 1.7% | &nbsp;&nbsp;&nbsp; 2102525<br>|
| Kansas Wheat - March 2026 | &nbsp;&nbsp;&nbsp; 0.4% | &nbsp;&nbsp;&nbsp; 478468<br>|
| Kansas Wheat - May 2026 | &nbsp;&nbsp;&nbsp; 1.3% | &nbsp;&nbsp;&nbsp; 1606381<br>|
| Aluminum - March 2026 | &nbsp;&nbsp;&nbsp; 1.1% | &nbsp;&nbsp;&nbsp; 1372686<br>|
| Aluminum - May 2026 | &nbsp;&nbsp;&nbsp; 2.8% | &nbsp;&nbsp;&nbsp; 3479048<br>|
| Live Cattle - April 2026 | &nbsp;&nbsp;&nbsp; 3.6% | &nbsp;&nbsp;&nbsp; 4498033<br>|
| Lean Hogs - April 2026 | &nbsp;&nbsp;&nbsp; 1.8% | &nbsp;&nbsp;&nbsp; 2266140<br>|
| Lead - March 2026 | &nbsp;&nbsp;&nbsp; 0.2% | &nbsp;&nbsp;&nbsp; 249454<br>|
| Lead - May 2026 | &nbsp;&nbsp;&nbsp; 0.6% | &nbsp;&nbsp;&nbsp; 802941<br>|
| Nickel - March 2026 | &nbsp;&nbsp;&nbsp; 0.6% | &nbsp;&nbsp;&nbsp; 739327<br>|
| Nickel - May 2026 | &nbsp;&nbsp;&nbsp; 1.5% | &nbsp;&nbsp;&nbsp; 1928629<br>|
| Zinc - March 2026 | &nbsp;&nbsp;&nbsp; 0.6% | &nbsp;&nbsp;&nbsp; 713368<br>|
| Zinc - May 2026 | &nbsp;&nbsp;&nbsp; 1.7% | &nbsp;&nbsp;&nbsp; 2079077<br>|
| Natural Gas - March 2026 | &nbsp;&nbsp;&nbsp; 2.4% | &nbsp;&nbsp;&nbsp; 2957718<br>|
| Natural Gas - may 2026 | &nbsp;&nbsp;&nbsp; 6.8% | &nbsp;&nbsp;&nbsp; 8505976<br>|
| Gasoil - March 2026 | &nbsp;&nbsp;&nbsp; 0.6% | &nbsp;&nbsp;&nbsp; 790978<br>|
| Gasoil - May 2026 | &nbsp;&nbsp;&nbsp; 2.3% | &nbsp;&nbsp;&nbsp; 2880138<br>|
| Soybeans - March 2026 | &nbsp;&nbsp;&nbsp; 1.3% | &nbsp;&nbsp;&nbsp; 1687021<br>|
| Soybeans - May 2026 | &nbsp;&nbsp;&nbsp; 3.7% | &nbsp;&nbsp;&nbsp; 4642654<br>|
| Sugar - March 2026 | &nbsp;&nbsp;&nbsp; 0.5% | &nbsp;&nbsp;&nbsp; 582356<br>|
| Sugar - May 2026 | &nbsp;&nbsp;&nbsp; 1.9% | &nbsp;&nbsp;&nbsp; 2341987<br>|
| Silver - March 2026 | &nbsp;&nbsp;&nbsp; 2.4% | &nbsp;&nbsp;&nbsp; 3045628<br>|
| Silver - May 2026 | &nbsp;&nbsp;&nbsp; 2.8% | &nbsp;&nbsp;&nbsp; 3453727<br>|
| Soybean Meal - March 2026 | &nbsp;&nbsp;&nbsp; 0.7% | &nbsp;&nbsp;&nbsp; 904575<br>|
| Soybean Meal - May 2026 | &nbsp;&nbsp;&nbsp; 2.0% | &nbsp;&nbsp;&nbsp; 2454306<br>|
| Wheat - March 2026 | &nbsp;&nbsp;&nbsp; 0.6% | &nbsp;&nbsp;&nbsp; 742351<br>|
| Wheat - May 2026 | &nbsp;&nbsp;&nbsp; 2.0% | &nbsp;&nbsp;&nbsp; 2463955<br>|
| Gasoline RBOB - March 2026 | &nbsp;&nbsp;&nbsp; 0.4% | &nbsp;&nbsp;&nbsp; 543645<br>|
| Gasoline RBOB - May 2026 | &nbsp;&nbsp;&nbsp; 1.9% | &nbsp;&nbsp;&nbsp; 2342166<br>|
|  | &nbsp;&nbsp;&nbsp; 100.0% | &nbsp;&nbsp;&nbsp; $125175092 |
| \* The notional amount is indicative of the quantity and proportionate value of each commodity futures contract. | \* The notional amount is indicative of the quantity and proportionate value of each commodity futures contract. | \* The notional amount is indicative of the quantity and proportionate value of each commodity futures contract. |
| (b) The Citigroup CVICPTD0 Commodity Index seeks to provide exposure to a diversified group of commodities. The portfolio has indirect exposure to all of the <br> underlying positions that make up the non-public index through its investment in the swap, the fund has indirect exposure to the following positions that <br> compose the CVICPTD0: | (b) The Citigroup CVICPTD0 Commodity Index seeks to provide exposure to a diversified group of commodities. The portfolio has indirect exposure to all of the <br> underlying positions that make up the non-public index through its investment in the swap, the fund has indirect exposure to the following positions that <br> compose the CVICPTD0: | (b) The Citigroup CVICPTD0 Commodity Index seeks to provide exposure to a diversified group of commodities. The portfolio has indirect exposure to all of the <br> underlying positions that make up the non-public index through its investment in the swap, the fund has indirect exposure to the following positions that <br> compose the CVICPTD0: |

---

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

---

| | | |
|:---|:---|:---|
| **Referenced Commodity Futures Contracts** | **% of Notional** | &nbsp;&nbsp; **Notional** <br>**Amount:** <br>**$128,591,918\***<br>|
| Long Futures Contracts |  |  |
| Soybean Oil - May 2026 | &nbsp;&nbsp;&nbsp; 3.5% | &nbsp;&nbsp;&nbsp; 4448292<br>|
| Corn - May 2026 | &nbsp;&nbsp;&nbsp; 4.3% | &nbsp;&nbsp;&nbsp; 5471805<br>|
| WTI - May 2026 | &nbsp;&nbsp;&nbsp; 4.9% | &nbsp;&nbsp;&nbsp; 6354723<br>|
| Brent - May 2026 | &nbsp;&nbsp;&nbsp; 5.8% | &nbsp;&nbsp;&nbsp; 7471713<br>|
| Cotton - May 2026 | &nbsp;&nbsp;&nbsp; 1.2% | &nbsp;&nbsp;&nbsp; 1543374<br>|
| Gold - April 2026 | &nbsp;&nbsp;&nbsp; 20.4% | &nbsp;&nbsp;&nbsp; 26196810 |
| Copper - May 2026 | &nbsp;&nbsp;&nbsp; 6.1% | &nbsp;&nbsp;&nbsp; 7836667<br>|
| Gasoil - May 2026 | &nbsp;&nbsp;&nbsp; 1.9% | &nbsp;&nbsp;&nbsp; 2388515<br>|
| Coffee - May 2026 | &nbsp;&nbsp;&nbsp; 2.4% | &nbsp;&nbsp;&nbsp; 3140469<br>|
| Kansas Wheat - May 2026 | &nbsp;&nbsp;&nbsp; 1.5% | &nbsp;&nbsp;&nbsp; 1864630<br>|
| Aluminum - May 2026 | &nbsp;&nbsp;&nbsp; 4.1% | &nbsp;&nbsp;&nbsp; 5320575<br>|
| Live Cattle - April 2026 | &nbsp;&nbsp;&nbsp; 3.4% | &nbsp;&nbsp;&nbsp; 4416175<br>|

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Referenced Commodity Futures Contracts** | **% of Notional** | &nbsp;&nbsp; **Notional**<br> **Amount:**<br> **$128,591,918\***<br>|
| Lean Hogs - April 2026 | &nbsp;&nbsp;&nbsp; 1.6% | &nbsp;&nbsp;&nbsp; 2069168<br>|
| Lead - May 2026 | &nbsp;&nbsp;&nbsp; 0.8% | &nbsp;&nbsp;&nbsp; 977373<br>|
| Nickel - May 2026 | &nbsp;&nbsp;&nbsp; 2.2% | &nbsp;&nbsp;&nbsp; 2858908<br>|
| Zinc - May 2026 | &nbsp;&nbsp;&nbsp; 2.1% | &nbsp;&nbsp;&nbsp; 2757132<br>|
| Natural Gas - May 2026 | &nbsp;&nbsp;&nbsp; 8.6% | &nbsp;&nbsp;&nbsp; 11032123<br>|
| Gasoil - May 2026 | &nbsp;&nbsp;&nbsp; 2.4% | &nbsp;&nbsp;&nbsp; 3084677<br>|
| Soybeans - May 2026 | &nbsp;&nbsp;&nbsp; 5.1% | &nbsp;&nbsp;&nbsp; 6607106<br>|
| Sugar - May 2026 | &nbsp;&nbsp;&nbsp; 1.8% | &nbsp;&nbsp;&nbsp; 2332850<br>|
| Silver - May 2026 | &nbsp;&nbsp;&nbsp; 9.2% | &nbsp;&nbsp;&nbsp; 11825987<br>|
| Soybean Meal - May 2026 | &nbsp;&nbsp;&nbsp; 2.8% | &nbsp;&nbsp;&nbsp; 3575159<br>|
| Wheat - May 2026 | &nbsp;&nbsp;&nbsp; 2.2% | &nbsp;&nbsp;&nbsp; 2884378<br>|
| Gasoline - May 2026 | &nbsp;&nbsp;&nbsp; 1.7% | &nbsp;&nbsp;&nbsp; 2133309<br>|
|  | &nbsp;&nbsp;&nbsp; 100.0% | &nbsp;&nbsp;&nbsp; 128591918 |
| \* The notional amount is indicative of the quantity and proportionate value of each commodity futures contract. | \* The notional amount is indicative of the quantity and proportionate value of each commodity futures contract. | \* The notional amount is indicative of the quantity and proportionate value of each commodity futures contract. |

---

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

------

**Supplemental Information**

1/31/26 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial

Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

**Principles of Consolidation** — The fund gains exposure to the commodities markets by investing a portion of the fund's assets in the MFS Commodity Strategy Portfolio, a wholly-owned and controlled subsidiary organized in the Cayman Islands ("Subsidiary"). The fund will not invest directly in commodities. The fund may invest up to 25% of its assets (at the time of purchase) in the Subsidiary. The Subsidiary has the same objective, strategies, and restrictions as the fund, except that the Subsidiary gains exposure to the commodities market by investing directly in commodity-linked futures, options, and swaps. The fund also invests directly in debt securities, and the Subsidiary may also invest in debt securities. As of January 31, 2026, the Subsidiary's net assets were $145,460,140, which represented 15.2% of the fund's net assets. The fund's financial statements have been consolidated and include the accounts of the fund and the Subsidiary. All inter-fund balances and

transactions have been eliminated in consolidation.

**(1) Investment Valuations**

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, debt instruments and floating rate loans, including restricted debt instruments, are

generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at

issuance of 60 days or less may be valued at amortized cost, which approximates market value. Futures contracts are generally valued at last posted settlement price on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange as provided by a

third-party pricing service. Swap agreements are generally valued using valuations provided by a third-party pricing service, which for cleared

swaps includes an evaluation of any trading activity at the clearinghouses. Open-end investment companies are generally valued at net asset

value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. Pricing services generally value debt instruments assuming orderly transactions of institutional round lot sizes, but a fund may hold or transact in such securities in smaller, odd lot sizes. In instances where a fund holds an odd lot size position in a debt instrument, such position will typically be valued using the pricing agent's institutional round lot price for the debt instrument. Odd lots may trade at lower prices than institutional round lots, and the fund may receive different prices when it sells odd lot positions than it would receive for sales of institutional round lot positions. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net

asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk).

------

*Supplemental Information (unaudited) – continued*

Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as futures contracts and swap agreements. The following is a summary of the levels used as of January 31, 2026 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| U.S. Treasury Bonds & U.S. Government Agencies & Equivalents | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $246692840 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $246692840 |
| Non - U.S. Sovereign Debt | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4413292 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4413292 |
| Municipal Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1528645 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1528645 |
| U.S. Corporate Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 240982977 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 240982977 |
| Residential Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32450692 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32450692 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22112774 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22112774 |
| Asset-Backed Securities (including CDOs) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 109235193 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 109235193 |
| Foreign Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 125347236 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 125347236 |
| Short-Term Securities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20541041 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20541041 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 83671051 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 83671051 |
| Total | &nbsp;&nbsp;&nbsp; $83671051 | &nbsp;&nbsp;&nbsp; $803304690 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $886975741 |
| **Other Financial Instruments** |  |  |  |  |
| Futures Contracts – Liabilities | &nbsp;&nbsp;&nbsp; $(13972)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(13972)<br>|
| Swap Agreements – Assets | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1359197 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1359197 |
| Swap Agreements – Liabilities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (4174240)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (4174240)<br>|

---

For further information regarding security characteristics, see the Consolidated Portfolio of Investments.

**Swap Agreements** — The fund entered into swap agreements which generally involve a periodic exchange of cash payments on a net basis, at specified intervals or upon the occurrence of specified events, between the fund and a counterparty. Certain swap agreements may be entered into as a bilateral contract ("uncleared swaps") while others are required to be centrally cleared ("cleared swaps").

Both cleared and uncleared swap agreements are marked to market daily. The value of uncleared swap agreements is reported in the Consolidated Statement of Assets and Liabilities as "Uncleared swaps, at value" which includes any related interest accruals to be paid or received by the fund. For cleared swaps, payments (variation margin) are made or received by the fund each day, depending on the daily fluctuations in the value of the cleared swap, such that only the current day net receivable or payable for variation margin is reported in the Consolidated Statement of Assets and Liabilities.

For both cleared and uncleared swaps, premiums paid or received at the inception of the agreements are amortized over the term of the agreement as realized gain or loss on swap agreements in the Consolidated Statement of Operations. The periodic exchange of net cash payments, as well as any liquidation payment received or made upon early termination, are recorded as a realized gain or loss on swap agreements in the Consolidated Statement of Operations. The change in unrealized appreciation or depreciation on swap agreements in the Consolidated Statement of Operations reflects the aggregate change over the reporting period in the value of swaps net of any unamortized premiums paid or received.

Risks related to swap agreements include the possible lack of a liquid market, unfavorable market and interest rate movements of the underlying instrument and the failure of the counterparty to perform under the terms of the agreements. The fund's maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from/paid to the counterparty over the contract's remaining life, to the extent that the amount is positive. To address counterparty risk, uncleared swap agreements are limited to only highly-rated counterparties. Risk is further reduced by having an ISDA Master Agreement ("ISDA") between the fund and the counterparty and, where applicable, by the posting of collateral by the counterparty to the fund to cover the fund's exposure to the counterparty under such ISDA. The fund's counterparty risk due to cleared swaps is mitigated by the fact that the clearinghouse is the counterparty to the

transaction and the regulatory requirement safeguards in the event of a clearing broker bankruptcy.

**(2) Investments in Affiliated Issuers**

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. The following were affiliated issuers for the period ended January 31, 2026:

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Beginning** <br>**Value**<br>| **Purchases** | **Sales** <br>**Proceeds**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation or** <br>**Depreciation**<br>| **Ending** <br>**Value**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $40719286 | &nbsp;&nbsp; $177601478 | &nbsp;&nbsp; $134651606 | &nbsp;&nbsp; $(1057)<br>| &nbsp;&nbsp; $2950 | &nbsp;&nbsp; $83671051<br>|

---

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

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $436411 | &nbsp;&nbsp; $— |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS SERIES TRUST XV

- **b. Investment Company Act file number:** 811-04253

- **c. CIK number of Registrant:** 0000764719

- **d. LEI of Registrant:** 549300YI4S4U2N712160

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

  - **Street Address 1:** 111 HUNTINGTON AVENUE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS Commodity Strategy Fund

- **b. EDGAR series identifier (if any):** S000028958

- **c. LEI of Series:** T0OEQ8I3F6DXUJCOV412

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $979627271.48

**Total Liabilities:** $19044854.10

**Net Assets:** $960582417.38

**Amount of Assets Invested in Other Investment Companies:** $155460012.79

**Delayed Delivery Securities:** $3119634.38

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2259.27000000 | **1-Year:** -45620.02000000 | **5-Year:** -55276.95000000 | **10-Year:** -3850.26000000 | **30-Year:** -1176.82000000

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

- **3-Month:** -216.68000000 | **1-Year:** -2601.14000000 | **5-Year:** -3029.41000000 | **10-Year:** -1744.90000000 | **30-Year:** -800.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000088951 | 2.73%                | 0.90%                | 9.72%                |
| Class ID C000088952 | 2.74%                | 0.67%                | 9.72%                |
| Class ID C000088953 | 2.76%                | 0.77%                | 9.78%                |
| Class ID C000088954 | 2.71%                | 0.89%                | 9.67%                |
| Class ID C000088955 | 2.73%                | 0.73%                | 9.72%                |
| Class ID C000088956 | 2.74%                | 0.86%                | 9.75%                |
| Class ID C000088957 | 2.72%                | 0.79%                | 9.72%                |
| Class ID C000088958 | 2.72%                | 0.89%                | 9.70%                |
| Class ID C000119775 | 2.72%                | 0.97%                | 9.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-77292.35               | $773648.00                                 |
| Month 2  | $7798.56                 | $-294714.35                                |
| Month 3  | $278249.76               | $-398494.65                                |

**Designated Index Information**

- **Index Name:** Bloomberg Commodity Index

- **Index Identifier:** BCOM

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGCO CORP                                        | AGCO Corp                                                                                                         | CUSIP: 001084AR3<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |   1337000 | PA      | $1354744.60   | 0.14%             | 2027-03-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                    | AIB Group PLC                                                                                                     | CUSIP: 00135TAD6<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    409000 | PA      | $433888.41    | 0.05%             | 2029-09-13      | Fixed         | 6.61%                 | Yes           |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                          | Corebridge Global Funding                                                                                         | CUSIP: 00138CAX6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1469000 | PA      | $1508834.15   | 0.16%             | 2029-01-12      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| AREIT CRE Trust                                  | AREIT 2022-CRE7 LLC                                                                                               | CUSIP: 00217VAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2563500 | PA      | $2564304.94   | 0.27%             | 2039-06-17      | Floating      | 6.92%                 | Yes           |                  2 | On Loan: No      |
| ACREC 2021-FL1 Ltd.                              | ACREC 2021-FL1 Ltd                                                                                                | CUSIP: 00500RAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1812000 | PA      | $1812161.81   | 0.19%             | 2036-10-16      | Floating      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| ACREC 2021-FL1 Ltd.                              | ACREC 2021-FL1 Ltd                                                                                                | CUSIP: 00500RAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1406000 | PA      | $1404311.82   | 0.15%             | 2036-10-16      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| ACREC 2021-FL1 Ltd.                              | ACREC 2021-FL1 Ltd                                                                                                | CUSIP: 00500RAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1129000 | PA      | $1128880.21   | 0.12%             | 2036-10-16      | Floating      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                         | CUSIP: 00774MBG9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1438000 | PA      | $1475731.32   | 0.15%             | 2027-04-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                       | Affirm Asset Securitization Trust 2024-X2                                                                         | CUSIP: 00833QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1985 | PA      | $1985.51      | 0.00%             | 2029-12-17      | Fixed         | 5.22%                 | Yes           |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                          | Algonquin Power & Utilities Corp                                                                                  | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    830000 | PA      | $833731.69    | 0.09%             | 2026-06-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                              | American Express Co                                                                                               | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2697000 | PA      | $2737627.50   | 0.28%             | 2029-04-25      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                            | American Homes 4 Rent LP                                                                                          | CUSIP: 02666TAK3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   2385000 | PA      | $2415871.37   | 0.25%             | 2030-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN TRANSMISSION SY                         | American Transmission Systems Inc                                                                                 | CUSIP: 030288AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    323000 | PA      | $291308.92    | 0.03%             | 2032-01-15      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust 2024-7                                                                                   | CUSIP: 03466CAA2<br>LEI: 254900Q2UY574S9NQF08 | Long             | ABS-MBS          | CORP              | US        |   2030589 | PA      | $2049090.07   | 0.21%             | 2069-05-25      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust 2024-9                                                                                   | CUSIP: 03466JAA7<br>LEI: 254900O3R79X1AD55F36 | Long             | ABS-MBS          | CORP              | US        |   1445210 | PA      | $1451336.37   | 0.15%             | 2069-09-25      | Variable      | 5.14%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust 2024-13                                                                                  | CUSIP: 03466PAA3<br>LEI: 254900WA697298AD1C53 | Long             | ABS-MBS          | CORP              | US        |   2567817 | PA      | $2590105.01   | 0.27%             | 2069-12-26      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                           | Anglo American Capital PLC                                                                                        | CUSIP: 034863AR1<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |   2917000 | PA      | $2938708.93   | 0.31%             | 2027-04-10      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust 2025-10                                                                                  | CUSIP: 034940AA4<br>LEI: 254900CFOEUA52TRVZ51 | Long             | ABS-MBS          | CORP              | US        |   1216903 | PA      | $1221052.92   | 0.13%             | 2070-09-25      | Variable      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                              | Elevance Health Inc                                                                                               | CUSIP: 036752BB8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1104000 | PA      | $1124091.83   | 0.12%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                              | Elevance Health Inc                                                                                               | CUSIP: 036752BG7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1298000 | PA      | $1304017.64   | 0.14%             | 2026-10-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd  | Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd                                                            | CUSIP: 03880RAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1684000 | PA      | $1684007.07   | 0.18%             | 2036-11-15      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd  | Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd                                                            | CUSIP: 03880RAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1684000 | PA      | $1684161.16   | 0.18%             | 2036-11-15      | Floating      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd  | Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd                                                            | CUSIP: 03880RAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1014000 | PA      | $1014091.77   | 0.11%             | 2036-11-15      | Floating      | 6.09%                 | Yes           |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd  | Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd                                                            | CUSIP: 03880XAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2695500 | PA      | $2698870.72   | 0.28%             | 2037-01-15      | Floating      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| ARDN 2025-ARCP Mortgage Trust                    | ARDN 2025-ARCP Mortgage Trust                                                                                     | CUSIP: 039961AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2999000 | PA      | $3008371.88   | 0.31%             | 2035-06-15      | Floating      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| AREIT CRE Trust                                  | AREIT 2022-CRE6 Trust                                                                                             | CUSIP: 04002VAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    894000 | PA      | $884595.48    | 0.09%             | 2037-01-20      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| AREIT CRE Trust                                  | AREIT 2022-CRE6 Trust                                                                                             | CUSIP: 04002VAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    795500 | PA      | $780754.85    | 0.08%             | 2037-01-20      | Floating      | 6.55%                 | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                            | ARI Fleet Lease Trust 2023-B                                                                                      | CUSIP: 04033GAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    149352 | PA      | $150424.68    | 0.02%             | 2032-07-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC                            | Arrow Electronics Inc                                                                                             | CUSIP: 04273WAC5<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   1491000 | PA      | $1335304.08   | 0.14%             | 2032-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC                            | Arrow Electronics Inc                                                                                             | CUSIP: 04273WAF8<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   3068000 | PA      | $3138645.12   | 0.33%             | 2029-08-21      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                          | Arthur J Gallagher & Co                                                                                           | CUSIP: 04316JAK5<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   1739000 | PA      | $1758663.39   | 0.18%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                          | Arthur J Gallagher & Co                                                                                           | CUSIP: 04316JAL3<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   1739000 | PA      | $1779045.19   | 0.19%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                              | Ashtead Capital Inc                                                                                               | CUSIP: 045054AL7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1627000 | PA      | $1612514.79   | 0.17%             | 2029-11-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| AUTONATION INC                                   | AutoNation Inc                                                                                                    | CUSIP: 05329RAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2258000 | PA      | $2129877.22   | 0.22%             | 2032-03-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                   | AutoNation Inc                                                                                                    | CUSIP: 05329WAU6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3977000 | PA      | $3985789.81   | 0.41%             | 2029-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AutoNation Finance Trust 2025-1                  | AutoNation Finance Trust 2025-1                                                                                   | CUSIP: 05330QAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    512092 | PA      | $513163.58    | 0.05%             | 2028-04-10      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                           | Aviation Capital Group LLC                                                                                        | CUSIP: 05369AAV3<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1984000 | PA      | $1977017.39   | 0.21%             | 2029-04-30      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                         | Avolon Holdings Funding Ltd                                                                                       | CUSIP: 05401AAL5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    817000 | PA      | $817096.63    | 0.09%             | 2026-04-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                         | Avolon Holdings Funding Ltd                                                                                       | CUSIP: 05401AAP6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1729000 | PA      | $1678460.97   | 0.17%             | 2028-02-21      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                         | Avolon Holdings Funding Ltd                                                                                       | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2263000 | PA      | $2197442.34   | 0.23%             | 2027-11-18      | Fixed         | 2.53%                 | Yes           |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC      | BBCMS Mortgage Trust 2018-C2                                                                                      | CUSIP: 05491UBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18621948 | PA      | $306617.82    | 0.03%             | 2051-12-15      | Variable      | 0.75%                 | Yes           |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC      | BBCMS Mortgage Trust 2021-C9                                                                                      | CUSIP: 05493EAZ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10786701 | PA      | $654863.88    | 0.07%             | 2054-02-15      | Variable      | 1.54%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC      | BBCMS Mortgage Trust 2021-C11                                                                                     | CUSIP: 05493MAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7165666 | PA      | $359958.66    | 0.04%             | 2054-09-15      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                             | BAT International Finance PLC                                                                                     | CUSIP: 05530QAQ3<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |   2754000 | PA      | $2890783.33   | 0.30%             | 2029-02-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC      | BBCMS Trust 2021-C10                                                                                              | CUSIP: 05551VBK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6594431 | PA      | $316032.82    | 0.03%             | 2054-07-15      | Variable      | 1.21%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                          | BDS 2024-FL13 LLC                                                                                                 | CUSIP: 05555MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    749000 | PA      | $750808.09    | 0.08%             | 2039-09-19      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                          | BPCE SA                                                                                                           | CUSIP: 05571AAX3<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1969000 | PA      | $2028524.54   | 0.21%             | 2029-05-30      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                               | BSPRT 2022-FL8 Issuer Ltd                                                                                         | CUSIP: 055983AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    464436 | PA      | $463761.31    | 0.05%             | 2037-02-15      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                               | BSPRT 2022-FL8 Issuer Ltd                                                                                         | CUSIP: 055983AE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    445500 | PA      | $444393.91    | 0.05%             | 2037-02-15      | Floating      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                               | BSPRT 2022-FL8 Issuer Ltd                                                                                         | CUSIP: 055983AG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    719500 | PA      | $719495.32    | 0.07%             | 2037-02-15      | Floating      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| BXMT Ltd                                         | BXMT 2021-FL4 Ltd                                                                                                 | CUSIP: 05609GAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2601000 | PA      | $2591367.98   | 0.27%             | 2038-05-15      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| BACARDI LTD / MARTINI BV                         | Bacardi Ltd / Bacardi-Martini BV                                                                                  | CUSIP: 05635JAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   4191000 | PA      | $4276392.71   | 0.45%             | 2029-01-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                 | Bain Capital Credit CLO 2021-4 Ltd                                                                                | CUSIP: 05685AAU2<br>LEI: 254900YJBP8866ZPO033 | Long             | ABS-CBDO         | CORP              | KY        |   2344422 | PA      | $2344379.80   | 0.24%             | 2034-10-20      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Balboa Bay Loan Funding Ltd                      | Balboa Bay Loan Funding 2022-1 Ltd                                                                                | CUSIP: 05766EAN2<br>LEI: 549300USDGJ8GD3PWY07 | Long             | ABS-CBDO         | CORP              | KY        |   3115644 | PA      | $3120822.20   | 0.32%             | 2037-04-20      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Bank                                             | BANK 2021-BNK35                                                                                                   | CUSIP: 06540CBL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6026688 | PA      | $238840.66    | 0.02%             | 2064-06-15      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| Bank                                             | BANK 2019-BNK24                                                                                                   | CUSIP: 06540VBC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8874119 | PA      | $193328.89    | 0.02%             | 2062-11-15      | Variable      | 0.63%                 | No            |                  2 | On Loan: No      |
| Bank                                             | BANK 2021-BNK31                                                                                                   | CUSIP: 06541ABM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10637435 | PA      | $530141.01    | 0.06%             | 2054-02-15      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| Bank                                             | BANK 2021-BNK34                                                                                                   | CUSIP: 06541JAR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11263825 | PA      | $402415.90    | 0.04%             | 2063-06-15      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| Bank                                             | BANK 2021-BNK32                                                                                                   | CUSIP: 06542BBN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10440342 | PA      | $291158.18    | 0.03%             | 2054-04-15      | Variable      | 0.76%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                           | Banque Federative du Credit Mutuel SA                                                                             | CUSIP: 06675FBA4<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   1887000 | PA      | $1903878.29   | 0.20%             | 2026-07-13      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| BACARDI LTD                                      | Bacardi Ltd                                                                                                       | CUSIP: 067316AF6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |   1006000 | PA      | $1014377.52   | 0.11%             | 2028-05-15      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS PLC                                     | Barclays PLC                                                                                                      | CUSIP: 06738EBU8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2856000 | PA      | $2816079.15   | 0.29%             | 2027-11-24      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                          | BDS 2021-FL10 Ltd                                                                                                 | CUSIP: 07335YAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    793500 | PA      | $793999.11    | 0.08%             | 2036-12-16      | Floating      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| BDS Ltd                                          | BDS 2021-FL10 Ltd                                                                                                 | CUSIP: 07335YAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    577000 | PA      | $577363.28    | 0.06%             | 2036-12-16      | Floating      | 6.09%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                         | Benchmark 2021-B23 Mortgage Trust                                                                                 | CUSIP: 08162RAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12360584 | PA      | $551561.40    | 0.06%             | 2054-02-15      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                         | Benchmark 2021-B28 Mortgage Trust                                                                                 | CUSIP: 08163GAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9928950 | PA      | $473425.24    | 0.05%             | 2054-08-15      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                         | Benchmark 2021-B27 Mortgage Trust                                                                                 | CUSIP: 08163HAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14063439 | PA      | $644583.65    | 0.07%             | 2054-07-15      | Variable      | 1.23%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                         | Benchmark 2021-B29 Mortgage Trust                                                                                 | CUSIP: 08163JAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14616246 | PA      | $495631.04    | 0.05%             | 2054-09-15      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                         | Benchmark 2025-V18 Mortgage Trust                                                                                 | CUSIP: 08164EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1538903 | PA      | $1586479.88   | 0.17%             | 2058-10-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                 | Berry Global Inc                                                                                                  | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   2847000 | PA      | $2785519.35   | 0.29%             | 2027-01-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                                       | Biogen Inc                                                                                                        | CUSIP: 09062XAN3<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |   2017000 | PA      | $2076129.04   | 0.22%             | 2031-01-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                      | BNP Paribas SA                                                                                                    | CUSIP: 09659W2T0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   3494000 | PA      | $3446622.30   | 0.36%             | 2028-01-20      | Fixed         | 2.59%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                                                     | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   5104000 | PA      | $5103126.25   | 0.53%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co/The                                                                                                     | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2528170.20   | 0.26%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                          | Booz Allen Hamilton Inc                                                                                           | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   1081000 | PA      | $1061609.44   | 0.11%             | 2029-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                                                                      | CUSIP: 11135FBA8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2533000 | PA      | $2581866.81   | 0.27%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                                                                      | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    857000 | PA      | $882926.42    | 0.09%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                                                                      | CUSIP: 11135FBZ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    718000 | PA      | $730731.96    | 0.08%             | 2027-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                                                                      | CUSIP: 11135FCB5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2214000 | PA      | $2226500.86   | 0.23%             | 2030-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                                                                      | CUSIP: 11135FCZ2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    632000 | PA      | $631612.54    | 0.07%             | 2031-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                           | Brookfield Finance Inc                                                                                            | CUSIP: 11271LAC6<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |   4053000 | PA      | $4046965.16   | 0.42%             | 2028-01-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                | Brown & Brown Inc                                                                                                 | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   1027000 | PA      | $1040623.20   | 0.11%             | 2028-06-23      | Fixed         | 4.70%                 | 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        |    839826 | PA      | $845110.39    | 0.09%             | 2039-09-15      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Business Jet Securities, LLC                     | Business Jet Securities 2024-2 LLC                                                                                | CUSIP: 12326TAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    489831 | PA      | $488457.32    | 0.05%             | 2039-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Business Jet Securities, LLC                     | Business Jet Securities 2024-1 LLC                                                                                | CUSIP: 12327CAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    626251 | PA      | $640105.38    | 0.07%             | 2039-05-15      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| Business Jet Securities, LLC                     | Business Jet Securities 2024-1 LLC                                                                                | CUSIP: 12327CAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     74871 | PA      | $77196.03     | 0.01%             | 2039-05-15      | Fixed         | 6.92%                 | Yes           |                  2 | On Loan: No      |
| BXMT Ltd                                         | BXMT 2020-FL2 LTD                                                                                                 | CUSIP: 12434LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     64894 | PA      | $64817.38     | 0.01%             | 2038-02-15      | Floating      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| BXMT Ltd                                         | BXMT 2020-FL2 LTD                                                                                                 | CUSIP: 12434LAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1492000 | PA      | $1486424.40   | 0.15%             | 2038-02-15      | Floating      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| CBRE SERVICES INC                                | CBRE Services Inc                                                                                                 | CUSIP: 12505BAH3<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |   2639000 | PA      | $2735115.26   | 0.28%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                | CBRE Services Inc                                                                                                 | CUSIP: 12505BAJ9<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    735000 | PA      | $745583.43    | 0.08%             | 2030-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                    | CCUBS Commercial Mortgage Trust 2017-C1                                                                           | CUSIP: 12508GAV8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4924711 | PA      | $59794.37     | 0.01%             | 2050-11-15      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                     | CD 2017-CD4 Mortgage Trust                                                                                        | CUSIP: 12515DAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8630556 | PA      | $76338.99     | 0.01%             | 2050-05-10      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                          | CF Hippolyta Issuer LLC                                                                                           | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    353158 | PA      | $296750.67    | 0.03%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                          | CF Hippolyta Issuer LLC                                                                                           | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    113394 | PA      | $71449.00     | 0.01%             | 2060-07-15      | Fixed         | 2.28%                 | Yes           |                  2 | On Loan: No      |
| COOPR Residential Mortgage Trust                 | COOPR Residential Mortgage Trust 2025-CES1                                                                        | CUSIP: 12596SAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    393525 | PA      | $398791.76    | 0.04%             | 2060-05-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT 2024-2 Mortgage Loan Trust                                                                                   | CUSIP: 12665LAA2<br>LEI: 213800Z2Q6LED8DB8K38 | Long             | ABS-MBS          | CORP              | US        |    770304 | PA      | $778826.66    | 0.08%             | 2069-04-25      | Variable      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| CAIXABANK SA                                     | CaixaBank SA                                                                                                      | CUSIP: 12803RAG9<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   3255000 | PA      | $3382883.48   | 0.35%             | 2030-03-15      | Fixed         | 5.67%                 | Yes           |                  2 | On Loan: No      |
| CAIXABANK SA                                     | CaixaBank SA                                                                                                      | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    970000 | PA      | $980145.82    | 0.10%             | 2029-07-03      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp                                                                                        | CUSIP: 14040HDB8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1333095.92   | 0.14%             | 2027-10-29      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp                                                                                        | CUSIP: 14040HDE2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    621000 | PA      | $644800.63    | 0.07%             | 2030-02-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp                                                                                        | CUSIP: 14040HDP7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1778000 | PA      | $1778530.38   | 0.19%             | 2032-01-30      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trust                  | Carmax Select Receivables Trust 2025-B                                                                            | CUSIP: 14320BAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1790000 | PA      | $1791909.21   | 0.19%             | 2029-03-15      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                        | Chesapeake Funding II LLC                                                                                         | CUSIP: 165183CU6<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    301401 | PA      | $302791.42    | 0.03%             | 2035-05-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                        | Chesapeake Funding II LLC                                                                                         | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    389903 | PA      | $393995.91    | 0.04%             | 2035-10-15      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                         | Citizens Financial Group Inc                                                                                      | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   2201000 | PA      | $2295749.07   | 0.24%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                               | CNO Global Funding                                                                                                | CUSIP: 18977W2J8<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   1701000 | PA      | $1699737.52   | 0.18%             | 2030-12-11      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT 2024-5 Mortgage Loan Trust                                                                                   | CUSIP: 19685AAA7<br>LEI: 213800AWBXHFGYDU9Q16 | Long             | ABS-MBS          | CORP              | US        |   1636818 | PA      | $1643564.36   | 0.17%             | 2069-08-25      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT 2024-3 Mortgage Loan Trust                                                                                   | CUSIP: 19688VAA8<br>LEI: 213800YFAHWZN77V6P52 | Long             | ABS-MBS          | CORP              | US        |   1164129 | PA      | $1182249.87   | 0.12%             | 2069-06-25      | Variable      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT 2024-3 Mortgage Loan Trust                                                                                   | CUSIP: 19688VAB6<br>LEI: 213800YFAHWZN77V6P52 | Long             | ABS-MBS          | CORP              | US        |    386355 | PA      | $392360.50    | 0.04%             | 2069-06-25      | Variable      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                         | Columbia Pipelines Holding Co LLC                                                                                 | CUSIP: 19828AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3227000 | PA      | $3361335.17   | 0.35%             | 2028-08-15      | Fixed         | 6.04%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                          | CUSIP: 20754TAB8<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    342219 | PA      | $342538.08    | 0.04%             | 2045-02-25      | Floating      | 4.70%                 | Yes           |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                          | Consolidated Edison Co of New York Inc                                                                            | CUSIP: 209111GL1<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |   1985000 | PA      | $1989152.46   | 0.21%             | 2027-11-18      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                         | Constellation Brands Inc                                                                                          | CUSIP: 21036PBS6<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1536388.14   | 0.16%             | 2030-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                         | Corebridge Financial Inc                                                                                          | CUSIP: 21871XAD1<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   2425000 | PA      | $2414367.18   | 0.25%             | 2027-04-05      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                             | COPT Defense Properties LP                                                                                        | CUSIP: 22003BAL0<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3267889.94   | 0.34%             | 2026-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                             | COPT Defense Properties LP                                                                                        | CUSIP: 22003BAN6<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |    524000 | PA      | $492550.79    | 0.05%             | 2029-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC                           | Cox Communications Inc                                                                                            | CUSIP: 224044CR6<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |   3417000 | PA      | $3514339.94   | 0.37%             | 2028-09-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                | Credit Acceptance Auto Loan Trust 2023-3                                                                          | CUSIP: 224936AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1292000 | PA      | $1312014.89   | 0.14%             | 2033-10-17      | Fixed         | 7.09%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC                                 | Crown Castle Inc                                                                                                  | CUSIP: 22822VAZ4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    448000 | PA      | $442457.37    | 0.05%             | 2027-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                          | DCP Midstream Operating LP                                                                                        | CUSIP: 23311VAJ6<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |   3776000 | PA      | $3844620.34   | 0.40%             | 2027-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| DLLST LLC                                        | DLLST 2024-1 LLC                                                                                                  | CUSIP: 23346HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    248372 | PA      | $249426.49    | 0.03%             | 2027-08-20      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| DANSKE BANK A/S                                  | Danske Bank A/S                                                                                                   | CUSIP: 23636ABH3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   2107000 | PA      | $2191191.36   | 0.23%             | 2030-03-01      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                     | Dell Equipment Finance Trust 2024-2                                                                               | CUSIP: 24704EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    514604 | PA      | $515475.87    | 0.05%             | 2030-08-22      | Fixed         | 4.69%                 | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                     | Dell Equipment Finance Trust 2024-2                                                                               | CUSIP: 24704EAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    754000 | PA      | $759082.04    | 0.08%             | 2030-08-22      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                 | Deutsche Bank AG/New York NY                                                                                      | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1479000 | PA      | $1458151.39   | 0.15%             | 2027-11-16      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                 | Deutsche Bank AG/New York NY                                                                                      | CUSIP: 251526CS6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    169000 | PA      | $177023.30    | 0.02%             | 2029-01-18      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                 | Deutsche Bank AG/New York NY                                                                                      | CUSIP: 251526DB2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1804000 | PA      | $1825086.20   | 0.19%             | 2031-08-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                 | Deutsche Bank AG/New York NY                                                                                      | CUSIP: 25160PAN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   2637000 | PA      | $2672791.47   | 0.28%             | 2027-07-13      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                           | Diamondback Energy Inc                                                                                            | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    934000 | PA      | $946927.28    | 0.10%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                           | Diamondback Energy Inc                                                                                            | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    934000 | PA      | $960426.63    | 0.10%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                          | Dryden 49 Senior Loan Fund                                                                                        | CUSIP: 26244QAQ6<br>LEI: 549300VCB8LYR1RGV869 | Long             | ABS-CBDO         | CORP              | KY        |   1945990 | PA      | $1954787.82   | 0.20%             | 2030-07-18      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                          | Dryden 95 CLO Ltd                                                                                                 | CUSIP: 262487AL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3250000 | PA      | $3252496.00   | 0.34%             | 2034-08-20      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                          | Dryden 75 CLO Ltd                                                                                                 | CUSIP: 26252JBE7<br>LEI: 254900JFO9XUH2EREJ70 | Long             | ABS-CBDO         | CORP              | KY        |   4026477 | PA      | $4028760.01   | 0.42%             | 2034-04-14      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP                                         | EQT Corp                                                                                                          | CUSIP: 26884LAQ2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   3496000 | PA      | $3606197.45   | 0.38%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                         | Eagle Funding Luxco Sarl                                                                                          | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |   2225000 | PA      | $2260199.50   | 0.24%             | 2030-08-17      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| EBAY INC                                         | eBay Inc                                                                                                          | CUSIP: 278642BD4<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |   1752000 | PA      | $1759154.71   | 0.18%             | 2029-03-06      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                         | Element Fleet Management Corp                                                                                     | CUSIP: 286181AM4<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   4254000 | PA      | $4321700.62   | 0.45%             | 2027-03-13      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                         | Element Fleet Management Corp                                                                                     | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   3307000 | PA      | $3378778.44   | 0.35%             | 2030-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| EMPIRE DISTRICT BONDCO                           | Empire District Bondco LLC                                                                                        | CUSIP: 291918AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    554172 | PA      | $562359.86    | 0.06%             | 2033-01-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                     | Enbridge Inc                                                                                                      | CUSIP: 29250NCA1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2609000 | PA      | $2644913.88   | 0.28%             | 2027-04-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                     | Enbridge Inc                                                                                                      | CUSIP: 29250NCJ2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1076000 | PA      | $1098602.51   | 0.11%             | 2030-06-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                               | Energy Transfer LP                                                                                                | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1201000 | PA      | $1235155.95   | 0.13%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                   | Enterprise Fleet Financing 2023-1 LLC                                                                             | CUSIP: 29375CAB5<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |     48367 | PA      | $48440.95     | 0.01%             | 2029-01-22      | Fixed         | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                   | Enterprise Fleet Financing 2023-2 LLC                                                                             | CUSIP: 29375NAB1<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    291178 | PA      | $292576.84    | 0.03%             | 2030-04-22      | Fixed         | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                   | Enterprise Fleet Financing 2023-2 LLC                                                                             | CUSIP: 29375NAC9<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    689000 | PA      | $699879.24    | 0.07%             | 2030-04-22      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                   | Enterprise Fleet Financing 2024-3 LLC                                                                             | CUSIP: 29375QAB4<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    328076 | PA      | $329171.36    | 0.03%             | 2027-04-20      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                | Eversource Energy                                                                                                 | CUSIP: 30040WBB3<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   3161000 | PA      | $3155747.81   | 0.33%             | 2030-12-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust              | Exeter Automobile Receivables Trust 2024-4                                                                        | CUSIP: 30166UAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145459 | PA      | $145546.39    | 0.02%             | 2030-08-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| FED HOME LN DISCOUNT NT                          | Federal Home Loan Bank Discount Notes                                                                             | CUSIP: 313385SP2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | STIV             | USGSE             | US        |  20547000 | PA      | $20541041.37  | 2.14%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                                                                                | CUSIP: 3137AV5K9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    264083 | PA      | $249929.16    | 0.03%             | 2042-07-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                                                                                | CUSIP: 3137B2BP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1659822 | PA      | $1623906.12   | 0.17%             | 2033-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                                                                                | CUSIP: 3137BNPS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    304871 | PA      | $291309.42    | 0.03%             | 2045-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates                                                      | CUSIP: 3137FNAS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    503193 | PA      | $503261.20    | 0.05%             | 2029-07-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates                                                      | CUSIP: 3137FTG27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6221500 | PA      | $336813.37    | 0.04%             | 2030-04-25      | Variable      | 1.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                   | CUSIP: 3138ERQS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     90045 | PA      | $88174.81     | 0.01%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                           | Federation des Caisses Desjardins du Quebec                                                                       | CUSIP: 31429KAP8<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |   2734000 | PA      | $2749943.59   | 0.29%             | 2030-08-26      | Fixed         | 4.57%                 | Yes           |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE                         | First Citizens BancShares Inc/NC                                                                                  | CUSIP: 31959XAC7<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |   2376000 | PA      | $2410840.95   | 0.25%             | 2031-03-12      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                             | Flutter Treasury DAC                                                                                              | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |   2823000 | PA      | $2859567.34   | 0.30%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                         | Ford Motor Credit Co LLC                                                                                          | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4336000 | PA      | $4397073.43   | 0.46%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                         | Ford Motor Credit Co LLC                                                                                          | CUSIP: 345397J38<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1018000 | PA      | $1027490.48   | 0.11%             | 2033-04-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fortress CBO Investments Ltd                     | FORT CRE 2022-FL3 Issuer LLC                                                                                      | CUSIP: 34706CAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1195310 | PA      | $1194057.71   | 0.12%             | 2039-02-23      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| General Motors                                   | GMF Floorplan Owner Revolving Trust                                                                               | CUSIP: 361886DL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1225000 | PA      | $1225674.24   | 0.13%             | 2028-11-15      | Floating      | 4.16%                 | Yes           |                  2 | On Loan: No      |
| General Motors                                   | GMF Floorplan Owner Revolving Trust                                                                               | CUSIP: 361886DR2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1693000 | PA      | $1693880.70   | 0.18%             | 2029-11-15      | Floating      | 4.26%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Trust 2017-GS6                                                                             | CUSIP: 36253PAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10140038 | PA      | $96391.20     | 0.01%             | 2050-05-10      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Trust 2017-GS7                                                                             | CUSIP: 36254CAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10171918 | PA      | $109963.52    | 0.01%             | 2050-08-10      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Trust 2020-GC47                                                                            | CUSIP: 36258RBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8586987 | PA      | $328627.43    | 0.03%             | 2053-05-12      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                | GXO Logistics Inc                                                                                                 | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1297467.94   | 0.14%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS CO                                 | Genuine Parts Co                                                                                                  | CUSIP: 372460AF2<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |   1945000 | PA      | $1976546.29   | 0.21%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GILDAN ACTIVEWEAR INC                            | Gildan Activewear Inc                                                                                             | CUSIP: 375916AF0<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |   1426000 | PA      | $1421746.84   | 0.15%             | 2030-10-07      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                             | Glencore Funding LLC                                                                                              | CUSIP: 378272BD9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1665233.09   | 0.17%             | 2026-04-27      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                             | Glencore Funding LLC                                                                                              | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   2434000 | PA      | $2505659.25   | 0.26%             | 2030-04-01      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                              | Global Payments Inc                                                                                               | CUSIP: 37940XAE2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   2281000 | PA      | $2275942.70   | 0.24%             | 2026-03-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| HCA INC                                          | HCA Inc                                                                                                           | CUSIP: 404119DD8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    585000 | PA      | $581633.38    | 0.06%             | 2030-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                | HSBC Holdings PLC                                                                                                 | CUSIP: 404280EQ8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3032000 | PA      | $3077299.20   | 0.32%             | 2029-03-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Harbor Park CLO Ltd                              | Harbor Park CLO Ltd                                                                                               | CUSIP: 41154XAY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2600000 | PA      | $2601539.20   | 0.27%             | 2031-01-20      | Floating      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited  | HOMES 2026-INV1 Trust                                                                                             | CUSIP: 43761FAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    720987 | PA      | $721772.01    | 0.08%             | 2060-08-25      | Variable      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                            | Huntington Bancshares Inc/OH                                                                                      | CUSIP: 446150BB9<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    254000 | PA      | $255464.21    | 0.03%             | 2028-08-04      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                            | Huntington Bancshares Inc/OH                                                                                      | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    449000 | PA      | $470610.59    | 0.05%             | 2029-08-21      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                            | Huntington Bancshares Inc/OH                                                                                      | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    946000 | PA      | $973447.32    | 0.10%             | 2031-01-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                         | Huntington Ingalls Industries Inc                                                                                 | CUSIP: 446413BA3<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |   1903000 | PA      | $1968295.74   | 0.20%             | 2030-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                | Hyatt Hotels Corp                                                                                                 | CUSIP: 448579AQ5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   1067000 | PA      | $1083583.93   | 0.11%             | 2027-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                         | International Flavors & Fragrances Inc                                                                            | CUSIP: 459506AP6<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    294000 | PA      | $282852.26    | 0.03%             | 2027-10-15      | Fixed         | 1.83%                 | Yes           |                  2 | On Loan: No      |
| Invesco CLO LTD                                  | Invesco US CLO 2023-3 Ltd                                                                                         | CUSIP: 46091RAN3<br>LEI: 213800YAVR2FVYDIRM63 | Long             | ABS-CBDO         | CORP              | JE        |   2068965 | PA      | $2079156.72   | 0.22%             | 2038-07-15      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Invesco CLO 2022-2, Ltd.                         | Invesco CLO 2022-2 Ltd                                                                                            | CUSIP: 46145XAQ9<br>LEI: 54930008L2A8UYGN7A86 | Long             | ABS-CBDO         | CORP              | JE        |   3344351 | PA      | $3344815.86   | 0.35%             | 2035-07-20      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                        | IQVIA Inc                                                                                                         | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    788000 | PA      | $811876.40    | 0.08%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                        | IQVIA Inc                                                                                                         | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    598000 | PA      | $629132.48    | 0.07%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO                         | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings                                                  | CUSIP: 46590XAN6<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   5268000 | PA      | $5085967.95   | 0.53%             | 2029-02-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JPMCC Commercial Mortgage Securities Trust 2017-JP7                                                               | CUSIP: 465968AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8642390 | PA      | $86702.19     | 0.01%             | 2050-09-15      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                         | JP Morgan Mortgage Trust Series 2024-NQM1                                                                         | CUSIP: 465983AA2<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    832457 | PA      | $841160.64    | 0.09%             | 2064-02-25      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                                                               | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2761000 | PA      | $2760554.10   | 0.29%             | 2027-02-04      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                         | JP Morgan Mortgage Trust Series 2026-NQM1                                                                         | CUSIP: 46660DAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    575008 | PA      | $575154.05    | 0.06%             | 2066-06-25      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| JAPAN TOBACCO INC                                | Japan Tobacco Inc                                                                                                 | CUSIP: 471105AC0<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | DBT              | CORP              | JP        |   2340000 | PA      | $2382430.73   | 0.25%             | 2028-05-15      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| JDE PEET'S NV                                    | JDE Peet's NV                                                                                                     | CUSIP: 47216QAB9<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |   1537000 | PA      | $1498230.85   | 0.16%             | 2027-01-15      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| Kentucky Higher Education Student Loan Corp      | KENTUCKY ST HGR EDU STUDENT LOAN CORP                                                                             | CUSIP: 49130NGL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1215277.75   | 0.13%             | 2037-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| LKQ CORP                                         | LKQ Corp                                                                                                          | CUSIP: 501889AD1<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |   2976000 | PA      | $3057006.10   | 0.32%             | 2028-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                 | LPL Holdings Inc                                                                                                  | CUSIP: 50212YAC8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1426000 | PA      | $1419353.17   | 0.15%             | 2027-11-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                 | LPL Holdings Inc                                                                                                  | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   2257000 | PA      | $2225785.31   | 0.23%             | 2029-03-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                 | LPL Holdings Inc                                                                                                  | CUSIP: 50212YAH7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1143462.98   | 0.12%             | 2028-11-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                 | LPL Holdings Inc                                                                                                  | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   2077000 | PA      | $2115403.21   | 0.22%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                 | LPL Holdings Inc                                                                                                  | CUSIP: 50212YAL8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1082000 | PA      | $1106187.34   | 0.12%             | 2030-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                       | LAD Auto Receivables Trust 2024-3                                                                                 | CUSIP: 505709AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92354 | PA      | $92395.08     | 0.01%             | 2027-11-15      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                             | Las Vegas Sands Corp                                                                                              | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1104917.89   | 0.12%             | 2027-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                             | Las Vegas Sands Corp                                                                                              | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   1592000 | PA      | $1629910.52   | 0.17%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd.                  | LoanCore 2025 2025-CRE8 Issuer LLC                                                                                | CUSIP: 53947FAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1791500 | PA      | $1791620.03   | 0.19%             | 2042-08-17      | Floating      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd.                  | LoanCore 2025 2025-CRE8 Issuer LLC                                                                                | CUSIP: 53947FAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2698500 | PA      | $2701870.70   | 0.28%             | 2042-08-17      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| LoanCore 2021-CRE5 Issuer, Ltd                   | LoanCore 2021-CRE5 Issuer Ltd                                                                                     | CUSIP: 53947XAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    996339 | PA      | $995383.70    | 0.10%             | 2036-07-15      | Floating      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| LoanCore 2021-CRE5 Issuer, Ltd                   | LoanCore 2021-CRE5 Issuer Ltd                                                                                     | CUSIP: 53947XAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    741000 | PA      | $739375.51    | 0.08%             | 2036-07-15      | Floating      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| M&T BANK CORPORATION                             | M&T Bank Corp                                                                                                     | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    706000 | PA      | $765291.43    | 0.08%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                             | M&T Bank Corp                                                                                                     | CUSIP: 55261FAU8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1321000 | PA      | $1342264.96   | 0.14%             | 2029-01-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust      | MF1 2022-FL8 Ltd                                                                                                  | CUSIP: 55284JAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    941914 | PA      | $936296.42    | 0.10%             | 2037-02-19      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust      | MF1 2022-FL9 LLC                                                                                                  | CUSIP: 55285AAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2988000 | PA      | $2989084.64   | 0.31%             | 2037-06-19      | Floating      | 6.82%                 | Yes           |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust      | MF1 2026-FL21 LLC                                                                                                 | CUSIP: 55287NAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    780014 | PA      | $780744.09    | 0.08%             | 2041-02-18      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust      | MF1 2026-FL21 LLC                                                                                                 | CUSIP: 55287NAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    374772 | PA      | $374791.11    | 0.04%             | 2041-02-18      | Floating      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust      | MF1 2026-FL21 LLC                                                                                                 | CUSIP: 55287NAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1240411 | PA      | $1240494.11   | 0.13%             | 2041-02-18      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio         | MFS Institutional Money Market Portfolio                                                                          | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |  83462174 | NS      | $83478866.39  | 8.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust      | MF1 2024-FL14 LLC                                                                                                 | CUSIP: 55416AAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    818643 | PA      | $820250.81    | 0.09%             | 2039-03-19      | Floating      | 6.96%                 | Yes           |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                          | Marathon Petroleum Corp                                                                                           | CUSIP: 56585ABK7<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |   2724000 | PA      | $2804263.80   | 0.29%             | 2030-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MARS INC                                         | Mars Inc                                                                                                          | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1941000 | PA      | $1966955.93   | 0.20%             | 2028-03-01      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                         | Mars Inc                                                                                                          | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   4084000 | PA      | $4172544.47   | 0.43%             | 2030-03-01      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                         | Marsh & McLennan Cos Inc                                                                                          | CUSIP: 571748BY7<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |   1712000 | PA      | $1730751.95   | 0.18%             | 2027-11-08      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                         | Marsh & McLennan Cos Inc                                                                                          | CUSIP: 571748CA8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |   1712000 | PA      | $1742816.74   | 0.18%             | 2030-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                           | Marriott International Inc/MD                                                                                     | CUSIP: 571903BL6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   3462000 | PA      | $3539092.82   | 0.37%             | 2029-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority    | MASSACHUSETTS ST EDUCTNL FING AUTH                                                                                | CUSIP: 57563RQZ5<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    315000 | PA      | $313366.73    | 0.03%             | 2026-07-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| MEITUAN                                          | Meituan                                                                                                           | CUSIP: 58533EAE3<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |   1575000 | PA      | $1582029.73   | 0.16%             | 2028-04-02      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| MEITUAN                                          | Meituan                                                                                                           | CUSIP: 58533EAF0<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |    845000 | PA      | $850898.78    | 0.09%             | 2029-10-02      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| MEITUAN                                          | Meituan                                                                                                           | CUSIP: 58533EAG8<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |    632000 | PA      | $625014.91    | 0.07%             | 2031-05-05      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust      | MF1 2025-FL20 LLC                                                                                                 | CUSIP: 59319CAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2005005.00   | 0.21%             | 2043-02-18      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust      | MF1 2025-FL20 LLC                                                                                                 | CUSIP: 59319CAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1128514 | PA      | $1131337.43   | 0.12%             | 2043-02-18      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                           | Mitsubishi UFJ Financial Group Inc                                                                                | CUSIP: 606822DK7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    932000 | PA      | $959300.79    | 0.10%             | 2031-04-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                           | Mizuho Financial Group Inc                                                                                        | CUSIP: 60687YDL0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   2778000 | PA      | $2811837.90   | 0.29%             | 2031-07-08      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH                           | Molex Electronic Technologies LLC                                                                                 | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $2351955.52   | 0.24%             | 2028-04-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                   | Morgan Stanley Capital I Trust 2017-H1                                                                            | CUSIP: 61691JAW4<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   3605390 | PA      | $42315.02     | 0.00%             | 2050-06-15      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                   | Morgan Stanley Capital I Trust 2018-H4                                                                            | CUSIP: 61691RAF3<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |  14194038 | PA      | $273506.34    | 0.03%             | 2051-12-15      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                   | Morgan Stanley Capital I Trust 2021-L5                                                                            | CUSIP: 61691YAP6<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   9273726 | PA      | $399451.83    | 0.04%             | 2054-05-15      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                   | Morgan Stanley Capital I Trust 2021-L6                                                                            | CUSIP: 61692CBK3<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   7842067 | PA      | $292773.36    | 0.03%             | 2054-06-15      | Variable      | 1.14%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                                                                    | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1853000 | PA      | $1886901.04   | 0.20%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                        | Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33                                                       | CUSIP: 61767CAW8<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |   8210548 | PA      | $95680.79     | 0.01%             | 2050-05-15      | Variable      | 1.23%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                          | Morgan Stanley Private Bank NA                                                                                    | CUSIP: 61776NVE0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   2520000 | PA      | $2536089.19   | 0.26%             | 2028-07-06      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                          | Morgan Stanley Private Bank NA                                                                                    | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   3296000 | PA      | $3339324.63   | 0.35%             | 2031-07-18      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust   | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM9                                                          | CUSIP: 61779VAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1442948 | PA      | $1450203.41   | 0.15%             | 2070-09-25      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| NBN CO LTD                                       | NBN Co Ltd                                                                                                        | CUSIP: 62878U2F8<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |   2064000 | PA      | $2153092.39   | 0.22%             | 2028-10-06      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                           | NXP BV / NXP Funding LLC / NXP USA Inc                                                                            | CUSIP: 62954HBF4<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | XX        |    784000 | PA      | $787506.10    | 0.08%             | 2028-08-19      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                 | NTT Finance Corp                                                                                                  | CUSIP: 62954WAP0<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    536000 | PA      | $540670.83    | 0.06%             | 2027-07-16      | Fixed         | 4.57%                 | Yes           |                  2 | On Loan: No      |
| NTT FINANCE CORP                                 | NTT Finance Corp                                                                                                  | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   1509000 | PA      | $1528818.62   | 0.16%             | 2028-07-16      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| NTT FINANCE CORP                                 | NTT Finance Corp                                                                                                  | CUSIP: 62954WAS4<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   1509000 | PA      | $1538665.25   | 0.16%             | 2030-07-16      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                          | Nationwide Building Society                                                                                       | CUSIP: 63861VAF4<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   4123000 | PA      | $4078418.83   | 0.42%             | 2028-02-16      | Fixed         | 2.97%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust 2024-NQM1                                                                     | CUSIP: 64828DAA5<br>LEI: 213800TFYSB4XLW7QW74 | Long             | ABS-MBS          | CORP              | US        |   1261016 | PA      | $1274643.91   | 0.13%             | 2064-03-25      | Variable      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust 2025-NQM3                                                                     | CUSIP: 64832CAC7<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-MBS          | CORP              | US        |    628468 | PA      | $638037.34    | 0.07%             | 2065-05-25      | Variable      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| NEWS CORP                                        | News Corp                                                                                                         | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |   2396000 | PA      | $2334348.48   | 0.24%             | 2029-05-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                           | NextEra Energy Capital Holdings Inc                                                                               | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1711000 | PA      | $1730577.50   | 0.18%             | 2027-09-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| NextGear Floorplan Master Owner Trust            | NextGear Floorplan Master Owner Trust                                                                             | CUSIP: 65345GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    956000 | PA      | $956847.59    | 0.10%             | 2028-03-15      | Floating      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                      | OCP CLO 2015-10 Ltd                                                                                               | CUSIP: 67092DBF5<br>LEI: 254900FZYL5HDKV64882 | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2257006.50   | 0.23%             | 2038-01-26      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM8 Trust                                                                                               | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |    882441 | PA      | $894839.42    | 0.09%             | 2064-05-25      | Variable      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM11 Trust                                                                                              | CUSIP: 67119EAA4<br>LEI: 254900F5LT8CA1U6PK21 | Long             | ABS-MBS          | CORP              | US        |   1359713 | PA      | $1376594.97   | 0.14%             | 2064-06-25      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM1 Trust                                                                                               | CUSIP: 67448LAA0<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-MBS          | CORP              | US        |    423035 | PA      | $426224.02    | 0.04%             | 2063-11-25      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM1 Trust                                                                                               | CUSIP: 67448LAB8<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-MBS          | CORP              | US        |    128045 | PA      | $129124.11    | 0.01%             | 2063-11-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM5 Trust                                                                                               | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |    385075 | PA      | $389610.33    | 0.04%             | 2064-01-25      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                         | Occidental Petroleum Corp                                                                                         | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1075229.00   | 0.11%             | 2030-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                 | OneMain Financial Issuance Trust 2022-S1                                                                          | CUSIP: 68267HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    471652 | PA      | $471587.33    | 0.05%             | 2035-05-14      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                 | OneMain Financial Issuance Trust 2020-2                                                                           | CUSIP: 682696AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1286776 | PA      | $1268000.63   | 0.13%             | 2035-09-14      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                 | OneMain Financial Issuance Trust 2023-2                                                                           | CUSIP: 68269HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    969000 | PA      | $998290.45    | 0.10%             | 2036-09-15      | Fixed         | 6.17%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                 | OneMain Financial Issuance Trust 2023-2                                                                           | CUSIP: 68269HAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2280000 | PA      | $2358082.48   | 0.25%             | 2036-09-15      | Fixed         | 6.74%                 | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                           | PNC Financial Services Group Inc/The                                                                              | CUSIP: 693475BK0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   5237000 | PA      | $5366654.98   | 0.56%             | 2028-12-02      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                           | PNC Financial Services Group Inc/The                                                                              | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3392000 | PA      | $3410115.25   | 0.36%             | 2027-07-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PSEG POWER LLC                                   | PSEG Power LLC                                                                                                    | CUSIP: 69362BBD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    790000 | PA      | $810421.90    | 0.08%             | 2030-05-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| PFP III                                          | PFP 2025-12 Ltd                                                                                                   | CUSIP: 69382JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3350000 | PA      | $3344348.55   | 0.35%             | 2042-12-18      | Floating      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | Pacific Gas and Electric Co                                                                                       | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2045000 | PA      | $2144751.71   | 0.22%             | 2029-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | Pacific Gas and Electric Co                                                                                       | CUSIP: 694308KQ9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   3384000 | PA      | $3495737.92   | 0.36%             | 2029-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                   | Palmer Square Loan Funding 2025-2 Ltd                                                                             | CUSIP: 69704AAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2501440.00   | 0.26%             | 2033-07-15      | Floating      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                   | Palmer Square Loan Funding 2025-1 Ltd                                                                             | CUSIP: 69704CAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000042.00   | 0.31%             | 2033-02-15      | Floating      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| PAYCHEX INC                                      | Paychex Inc                                                                                                       | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   3124000 | PA      | $3213347.18   | 0.33%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                         | Penske Truck Leasing Co Lp / PTL Finance Corp                                                                     | CUSIP: 709599BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1598000 | PA      | $1616484.34   | 0.17%             | 2027-01-12      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                         | Penske Truck Leasing Co Lp / PTL Finance Corp                                                                     | CUSIP: 709599BZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1804000 | PA      | $1857754.51   | 0.19%             | 2029-03-30      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                         | Penske Truck Leasing Co Lp / PTL Finance Corp                                                                     | CUSIP: 709599CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1278000 | PA      | $1313761.94   | 0.14%             | 2029-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PFP III                                          | PFP 2026-13 Ltd                                                                                                   | CUSIP: 716966AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3012931.50   | 0.31%             | 2043-08-18      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                           | Philip Morris International Inc                                                                                   | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1241000 | PA      | $1267268.07   | 0.13%             | 2027-11-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                           | Philip Morris International Inc                                                                                   | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1661000 | PA      | $1692213.78   | 0.18%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                           | Philip Morris International Inc                                                                                   | CUSIP: 718172DR7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1184000 | PA      | $1189849.33   | 0.12%             | 2028-04-28      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                         | Pioneer Natural Resources Co                                                                                      | CUSIP: 723787AQ0<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |   4567000 | PA      | $4142394.14   | 0.43%             | 2030-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                         | Plains All American Pipeline LP / PAA Finance Corp                                                                | CUSIP: 72650RBR2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1819000 | PA      | $1829062.65   | 0.19%             | 2031-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer LLC                 | Planet Fitness Master Issuer LLC                                                                                  | CUSIP: 72703PAH6<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |    715000 | PA      | $719742.09    | 0.07%             | 2055-12-06      | Fixed         | 5.27%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust                 | Provident Funding Mortgage Trust 2025-1                                                                           | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2294382 | PA      | $2308914.49   | 0.24%             | 2055-02-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust                 | Provident Funding Mortgage Trust 2024-1                                                                           | CUSIP: 74389BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1616457 | PA      | $1627192.59   | 0.17%             | 2054-12-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Rate Mortgage Trust                              | Rate Mortgage Trust 2025-J3                                                                                       | CUSIP: 75410EBC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2926924 | PA      | $2950256.41   | 0.31%             | 2055-11-25      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| REGAL REXNORD CORP                               | Regal Rexnord Corp                                                                                                | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   3033000 | PA      | $3033841.32   | 0.32%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                               | Regal Rexnord Corp                                                                                                | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   2278000 | PA      | $2361414.64   | 0.25%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| RENTOKIL TERMINIX LLC                            | Rentokil Terminix Funding LLC                                                                                     | CUSIP: 760130AA2<br>LEI: 984500D5BAA7560EKJ44 | Long             | DBT              | CORP              | US        |   3880000 | PA      | $3952104.72   | 0.41%             | 2030-04-28      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                            | RIO TINTO FIN USA PLC                                                                                             | CUSIP: 76720AAR7<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1609000 | PA      | $1628754.50   | 0.17%             | 2028-03-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                            | Rio Tinto Finance USA PLC                                                                                         | CUSIP: 76720AAS5<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1841000 | PA      | $1887524.65   | 0.20%             | 2030-03-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                         | Rogers Communications Inc                                                                                         | CUSIP: 775109CG4<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   4027000 | PA      | $3990883.53   | 0.42%             | 2027-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ROSS STORES INC                                  | Ross Stores Inc                                                                                                   | CUSIP: 778296AF0<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |   2026000 | PA      | $2013669.10   | 0.21%             | 2026-04-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                         | SMBC Aviation Capital Finance DAC                                                                                 | CUSIP: 78448TAL6<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |   4319000 | PA      | $4435901.60   | 0.46%             | 2029-04-03      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Starwood Commercial Mortgage Trust               | STWD 2021-FL2 Ltd                                                                                                 | CUSIP: 78486BAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2295000 | PA      | $2288611.41   | 0.24%             | 2038-04-18      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GLOBAL                         | Sammons Financial Group Global Funding                                                                            | CUSIP: 79587J2A0<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |   3609000 | PA      | $3692888.35   | 0.38%             | 2029-12-10      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GLOBAL                         | Sammons Financial Group Global Funding                                                                            | CUSIP: 79587J2B8<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |    979000 | PA      | $994689.51    | 0.10%             | 2028-01-10      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust        | Santander Mortgage Asset Receivable Trust 2025-NQM2                                                               | CUSIP: 802638AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    402893 | PA      | $408010.09    | 0.04%             | 2065-02-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                          | Schlumberger Holdings Corp                                                                                        | CUSIP: 806851AL5<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   1313000 | PA      | $1329464.73   | 0.14%             | 2027-05-29      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                          | Schlumberger Holdings Corp                                                                                        | CUSIP: 806851AM3<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |    919000 | PA      | $942526.60    | 0.10%             | 2029-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                              | Charles Schwab Corp/The                                                                                           | CUSIP: 808513CD5<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   2510000 | PA      | $2604901.87   | 0.27%             | 2029-05-19      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                              | Charles Schwab Corp/The                                                                                           | CUSIP: 808513CG8<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   3206000 | PA      | $3238248.80   | 0.34%             | 2026-08-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD                               | Shackleton 2013-IV-R CLO Ltd                                                                                      | CUSIP: 81882HAE5<br>LEI: 5493000LHXWSIZGUY418 | Long             | ABS-CBDO         | CORP              | KY        |    722762 | PA      | $725928.42    | 0.08%             | 2031-04-13      | Floating      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                             | Signal Peak CLO 1 LTD                                                                                             | CUSIP: 82666TAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2700000 | PA      | $2705859.00   | 0.28%             | 2034-04-17      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| Southwick Park CLO, Ltd.                         | Southwick Park CLO LLC                                                                                            | CUSIP: 846031AR3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1123000 | PA      | $1054544.17   | 0.11%             | 2032-07-20      | Fixed         | 2.46%                 | Yes           |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                            | Stellantis Finance US Inc                                                                                         | CUSIP: 85855CAA8<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |   1276000 | PA      | $1245512.09   | 0.13%             | 2027-01-29      | Fixed         | 1.71%                 | Yes           |                  2 | On Loan: No      |
| STORE CAPITAL LLC                                | Store Capital LLC                                                                                                 | CUSIP: 862121AA8<br>LEI: 254900Z9PIEFQ6AYXK50 | Long             | DBT              | CORP              | US        |    394000 | PA      | $395437.30    | 0.04%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                         | Sumitomo Mitsui Financial Group Inc                                                                               | CUSIP: 86562MCM0<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   2842000 | PA      | $2798374.62   | 0.29%             | 2027-01-14      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| SUNTORY HOLDINGS LTD                             | Suntory Holdings Ltd                                                                                              | CUSIP: 86803UAE1<br>LEI: 54930074QUY8RD0UZM08 | Long             | DBT              | CORP              | JP        |   1958000 | PA      | $2007989.74   | 0.21%             | 2029-06-11      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                              | Synchrony Financial                                                                                               | CUSIP: 87165BAX1<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1153304.79   | 0.12%             | 2029-07-29      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| TCW Gem Ltd                                      | TCW CLO 2020-1 Ltd                                                                                                | CUSIP: 87190CBL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4157184 | PA      | $4137183.79   | 0.43%             | 2034-04-20      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                                 | T-Mobile USA Inc                                                                                                  | CUSIP: 87264ADL6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1122000 | PA      | $1125194.46   | 0.12%             | 2029-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                          | TRTX 2025-FL7 Issuer Ltd                                                                                          | CUSIP: 87277LAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    849947 | PA      | $849946.15    | 0.09%             | 2043-06-18      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| TPG Real Estate Finance                          | TRTX 2025-FL7 Issuer Ltd                                                                                          | CUSIP: 87277LAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1560956 | PA      | $1560953.81   | 0.16%             | 2043-06-18      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                           | Taco Bell Funding LLC                                                                                             | CUSIP: 87342RAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2021619 | PA      | $2011400.32   | 0.21%             | 2055-08-25      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| TAPESTRY INC                                     | Tapestry Inc                                                                                                      | CUSIP: 876030AK3<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |   1939000 | PA      | $1987803.72   | 0.21%             | 2030-03-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| 3650R Commercial Mortgage Trust                  | 3650R 2021-PF1 Commercial Mortgage Trust                                                                          | CUSIP: 88581EAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19417480 | PA      | $673650.62    | 0.07%             | 2054-11-15      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                            | Toronto-Dominion Bank/The                                                                                         | CUSIP: 89115A2S0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   4257000 | PA      | $4289316.76   | 0.45%             | 2026-07-17      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| TRANS-ALLEGHENY INTERSTA                         | Trans-Allegheny Interstate Line Co                                                                                | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1105026.41   | 0.12%             | 2031-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                 | Trinitas CLO XV Ltd                                                                                               | CUSIP: 89641XAQ8<br>LEI: 254900ZVDNHQAUJNHH42 | Long             | ABS-CBDO         | CORP              | KY        |   3427373 | PA      | $3429590.51   | 0.36%             | 2034-04-22      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| TRITON CONTAINER/TAL INT                         | Triton Container International Ltd / TAL International Container Corp                                             | CUSIP: 89681LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1006000 | PA      | $1001392.92   | 0.10%             | 2033-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                            | Truist Financial Corp                                                                                             | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   3350000 | PA      | $3467021.73   | 0.36%             | 2030-01-24      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                      | CUSIP: 902613AS7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1637000 | PA      | $1642120.13   | 0.17%             | 2027-08-05      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                      | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    428000 | PA      | $467282.46    | 0.05%             | 2028-11-13      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                      | CUSIP: 902613BR8<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2393000 | PA      | $2417394.24   | 0.25%             | 2030-08-05      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                    | UBS Commercial Mortgage Trust 2018-C14                                                                            | CUSIP: 90278KBB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5865460 | PA      | $118498.12    | 0.01%             | 2051-12-15      | Variable      | 0.89%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                               | CUSIP: 91282CHM6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  46993000 | PA      | $47172619.93  | 4.91%             | 2026-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                               | CUSIP: 91282CJF9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44722000 | PA      | $46199922.57  | 4.81%             | 2028-10-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                               | CUSIP: 91282CJK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  32309000 | PA      | $32557123.10  | 3.39%             | 2026-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                               | CUSIP: 91282CKB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23843000 | PA      | $23856917.64  | 2.48%             | 2026-02-28      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                               | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  58710000 | PA      | $60462126.56  | 6.29%             | 2029-04-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                               | CUSIP: 91282CLS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36319000 | PA      | $36444130.21  | 3.79%             | 2026-10-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2024-6                                                                                 | CUSIP: 92540JAA0<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |    650423 | PA      | $657782.28    | 0.07%             | 2069-07-25      | Variable      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2024-3                                                                                 | CUSIP: 92540MAB1<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-MBS          | CORP              | US        |    627671 | PA      | $637863.09    | 0.07%             | 2069-04-25      | Variable      | 6.64%                 | Yes           |                  2 | On Loan: No      |
| VIDEOTRON LTD                                    | Videotron Ltd                                                                                                     | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |   2687000 | PA      | $2625017.06   | 0.27%             | 2029-06-15      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| VIRGINIA POWER FUEL SEC                          | Virginia Power Fuel Securitization LLC                                                                            | CUSIP: 92808VAA0<br>LEI: 254900BELJ95ONW6U791 | Long             | DBT              | CORP              | US        |    252514 | PA      | $254025.92    | 0.03%             | 2027-05-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                       | VMware LLC                                                                                                        | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   1504000 | PA      | $1484313.59   | 0.15%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| WEA FINANCE LLC                                  | WEA Finance LLC                                                                                                   | CUSIP: 92928QAE8<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              | CORP              | US        |   2997000 | PA      | $2975448.12   | 0.31%             | 2028-09-20      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| WEA FINANCE LLC                                  | WEA Finance LLC                                                                                                   | CUSIP: 92928QAF5<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              | CORP              | US        |    697000 | PA      | $674776.92    | 0.07%             | 2029-06-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| WEA FINANCE LLC                                  | WEA Finance LLC                                                                                                   | CUSIP: 92928QAH1<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              | CORP              | US        |    506000 | PA      | $499318.22    | 0.05%             | 2027-01-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co                                                                                                  | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3868000 | PA      | $3847605.12   | 0.40%             | 2028-03-24      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust            | Wells Fargo Commercial Mortgage Trust 2021-C61                                                                    | CUSIP: 95003QBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5630032 | PA      | $282596.64    | 0.03%             | 2054-11-15      | Variable      | 1.34%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: SM11481   IRS USD R F  4.96700 SM11481_FIX CCPOIS / Short: SM11481   IRS USD P V 12MSOFR SM11481_FLO CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  44600000 | OU      | $318805.71    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: SM11592   IRS USD R F  4.66400 SM11592_FIX CCPOIS / Short: SM11592   IRS USD P V 12MSOFR SM11592_FLO CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  13800000 | OU      | $95654.01     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: SM11727   IRS USD R F  4.10600 SM11727_FIX CCPOIS / Short: SM11727   IRS USD P V 12MSOFR SM11727_FLO CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  34600000 | OU      | $463369.43    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: TR11735   TRS USD R E TR11735R / Short: TR11735   TRS USD P V 03MTBILL TR11735P/USB3MTA+6.50BPS             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  33335602 | OU      | $3455067.54   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: TR11739   TRS USD R E TR11739R / Short: TR11739   TRS USD P V 03MTBILL TR11739P/USB3MTA+11.00BPS            | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  45420999 | OU      | $3460964.75   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                      | Long: TR11750   TRS USD R E TR11750R / Short: TR11750   TRS USD P V 03MTBILL TR11750P/USB3MTA + 7.00 BP           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        |  10930873 | OU      | $1132928.63   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch & Co., Inc.                        | Long: TR11753   TRS USD R E TR11753R / Short: TR11753   TRS USD P V 03MTBILL TR11753P/USB3MTA+11.00BPS            | CUSIP: 000000000<br>LEI: DWW559HN8WVTCCS4VJ94 | N/A              | DCO              |  | US        |  24315803 | OU      | $1852800.03   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11758   TRS USD R E TR11758R / Short: TR11758   TRS USD P V 03MTBILL TR11758P/USB3MTA+10.5BPS             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  57135012 | OU      | $4353542.95   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11796   TRS USD R E TR11796R / Short: TR11796   TRS USD P V 03MTBILL TR11796P/USB3MTA+7.00BPS             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  54588262 | OU      | $5657796.21   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                      | Long: TR11795   TRS USD R E TR11795R / Short: TR11795   TRS USD P V 03MTBILL TR11795P/USB3MTA+10.00BPS            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        |  24844072 | OU      | $1893054.34   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                         | Long: TR11812   TRS USD R E TR11812R / Short: TR11812   TRS USD P V 03MTBILL TR11812P/USB3MTA+10.00BPS            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              |  | US        |  19366785 | OU      | $383973.12    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                      | Long: TR11830   TRS USD R V 03MTBILL TR11830R/USB3MTA-3.00BPS / Short: TR11830   TRS USD P E TR11830P             | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        |   6910008 | OU      | $-315718.25   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11831   TRS USD R V 03MTBILL TR11831R/USB3MTA-2.00BPS / Short: TR11831   TRS USD P E TR11831P             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  14650157 | OU      | $-278796.85   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11844   TRS USD R E TR11844R / Short: TR11844   TRS USD P V 03MTBILL TR11844P/USB3MTA+10.50BPS            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  28463839 | OU      | $2168868.67   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                         | Long: TR11846   TRS USD R V 03MTBILL TR11846R/USB3MTA-5.00BPS / Short: TR11846   TRS USD P E TR11846P             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              |  | US        |   4351099 | OU      | $-279864.80   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: TR11849   TRS USD R V 03MTBILL TR11849R/USB3MTA-6.00BPS / Short: TR11849   TRS USD P E TR11849P             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  10035487 | OU      | $53036.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: TR11848   TRS USD R E TR11848R / Short: TR11848   TRS USD P V 03MTBILL TR11848P/USB3MTA+6.50BPS             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  28991867 | OU      | $3004859.50   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: TR11854   TRS USD R E TR11854R / Short: TR11854   TRS USD P V 03MTBILL TR11854P/USB3MTA+10.00BPS            | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  24580866 | OU      | $1872996.95   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: TR11855   TRS USD R E TR11855R / Short: TR11855   TRS USD P V 03MTBILL TR11855P/USB3MTA+8.00BPS             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  44257368 | OU      | $3494977.19   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch & Co., Inc.                        | Long: TR11856   TRS USD R E TR11856R / Short: TR11856   TRS USD P V 03MTBILL TR11856P/USB3MTA+9.00BPS             | CUSIP: 000000000<br>LEI: DWW559HN8WVTCCS4VJ94 | N/A              | DCO              |  | US        |  44257368 | OU      | $3494977.19   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11863   TRS USD R V 03MTBILL TR11863R/USB3MTA-7.00BPS / Short: TR11863   TRS USD P E TR11863P             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |   6634173 | OU      | $-504463.88   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch & Co., Inc.                        | Long: TR11866   TRS USD R E TR11866R / Short: TR11866   TRS USD P V 03MTBILL TR11866P/USB3MTA+8.00BPS             | CUSIP: 000000000<br>LEI: DWW559HN8WVTCCS4VJ94 | N/A              | DCO              |  | US        |   6108893 | OU      | $283468.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: TR11870   TRS USD R E TR11870R / Short: TR11870   TRS USD P V 03MTBILL TR11870P/USB3MTA+6.50BPS             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  37701542 | OU      | $3907573.80   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: TR11871   TRS USD R E TR11871R / Short: TR11871   TRS USD P V 03MTBILL TR11871P/USB3MTA+8.00BPS             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  48429678 | OU      | $3824463.91   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11872   TRS USD R E TR11872R / Short: TR11872   TRS USD P V 03MTBILL TR11872P/USB3MTA+8.00BPS             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  49505893 | OU      | $3909454.48   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                      | Long: TR11873   TRS USD R E TR11873R / Short: TR11873   TRS USD P V 03MTBILL TR11873P/USB3MTA+8.00BPS             | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        |  49505893 | OU      | $3909454.48   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11876   TRS USD R E TR11876R / Short: TR11876   TRS USD P V 03MTBILL TR11876P/USB3MTA+7.00BPS             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  11255540 | OU      | $1334491.67   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11877   TRS USD R E TR11877R / Short: TR11877   TRS USD P V 03MTBILL TR11877P/USB3MTA+7.00BPS             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |   6808587 | OU      | $1281729.16   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: TR11913   TRS USD R V 03MTBILL TR11913R/USB3MTA-5BPS / Short: TR11913   TRS USD P E TR11913P                | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  18360563 | OU      | $-1128212.01  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11932   TRS USD R E TR11932R / Short: TR11932   TRS USD P V 03MTBILL TR11932P/USB3MTA+7.00BPS             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |   5220751 | OU      | $603181.78    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11935   TRS USD R V 03MTBILL TR11935R/USB3MTA-3.00BPS / Short: TR11935   TRS USD P E TR11935P             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |   6874165 | OU      | $97418.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                      | Long: TR11940   TRS USD R E TR11940R / Short: TR11940   TRS USD P V 03MTBILL TR11940P/USB3MTA+11.00BPS            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        | 118523249 | OU      | $10068670.22  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11941   TRS USD R E TR11941R / Short: TR11941   TRS USD P V 03MTBILL TR11941P/USB3MTA+7.00BPS             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |   6695095 | OU      | $991654.62    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch & Co., Inc.                        | Long: TR11949   TRS USD R V 03MTBILL TR11949R/USB3MTA-2BPS / Short: TR11949   TRS USD P E TR11949P                | CUSIP: 000000000<br>LEI: DWW559HN8WVTCCS4VJ94 | N/A              | DCO              |  | US        |   4597474 | OU      | $75550.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11965   TRS USD R V 03MTBILL TR11965R/USB3MTA-8.00BPS / Short: TR11965   TRS USD P E TR11965P             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  11367187 | OU      | $3537364.45   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: TR11964   TRS USD R E TR11964R / Short: TR11964   TRS USD P V 03MTBILL TR11964P+USB3MTA+6.50BPS             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  24090186 | OU      | $2496827.21   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch & Co., Inc.                        | Long: TR11963   TRS USD R E TR11963R / Short: TR11963   TRS USD P V 03MTBILL TR11963P/USB3MTA+5.00BPS             | CUSIP: 000000000<br>LEI: DWW559HN8WVTCCS4VJ94 | N/A              | DCO              |  | US        |  11297255 | OU      | $996166.66    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11982   TRS USD R E TR11982R / Short: TR11982   TRS USD P V 03MTBILL TR11982P/USB3MTA+7.00BPS             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  12342300 | OU      | $1765226.66   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11985   TRS USD R V 03MTBILL TR11985R/USB3MTA-5.00BPS / Short: TR11985   TRS USD P E TR11985P             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  11000000 | OU      | $-2395574.93  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch & Co., Inc.                        | Long: TR11986   TRS USD R E TR11986R / Short: TR11986   TRS USD P V 03MTBILL TR11986P/USB3MTA+10.00BPS            | CUSIP: 000000000<br>LEI: DWW559HN8WVTCCS4VJ94 | N/A              | DCO              |  | US        |  11000000 | OU      | $549537.81    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch & Co., Inc.                        | Long: TR11987   TRS USD R E TR11987R / Short: TR11987   TRS USD P V 03MTBILL TR11987P/USB3MTA+6.00BPS             | CUSIP: 000000000<br>LEI: DWW559HN8WVTCCS4VJ94 | N/A              | DCO              |  | US        |   9000000 | OU      | $692972.61    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch & Co., Inc.                        | Long: TR11988   TRS USD R E TR11988R / Short: TR11988   TRS USD P V 03MTBILL TR11988P/USB3MTA+13.00BPS            | CUSIP: 000000000<br>LEI: DWW559HN8WVTCCS4VJ94 | N/A              | DCO              |  | US        | 116000000 | OU      | $9175090.91   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: TR11996   TRS USD R V 03MTBILL TR11996R/USB3MTA-4.00BPS / Short: TR11996   TRS USD P E TR11996P             | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  12000000 | OU      | $-2792995.02  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11997   TRS USD R V 03MTBILL TR11997R/USB3MTA-3.00BPS / Short: TR11997   TRS USD P E TR11997P             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  12000000 | OU      | $200206.42    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                          | Long: TR11998   TRS USD R E TR11998R / Short: TR11998   TRS USD P V 03MTBILL TR11998P/USB3MTA+12.00BPS            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCO              |  | US        |  12000000 | OU      | $-516265.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                      | Long: TR11999   TRS USD R E TR11999R / Short: TR11999   TRS USD P V 03MTBILL TR11999P/USB3MTA+10.00               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        |  38000000 | OU      | $-1057670.37  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 2YR NOTE (CBT) MAR26                                                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        31 | NC      | $-13972.19    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** MFS SERIES TRUST XV

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer