# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001752724-25-156041
**Filing Date:** 2025-6
**Character Count:** 149241
**Document Hash:** 3b061593624bc6cbef1f0a2d4eb095f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-156041.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-156041

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**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:** 811-06625
- **FILM NUMBER:** 251073067

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Managed Income Fund (Series ID: S000022678)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000065580 | Payden Managed Income Fund (SI Class)            | PKBIX           |
| C000069457 | Payden Managed Income Fund (Adviser Class)       | PKCBX           |
| C000077412 | Payden Managed Income Fund (Retirement Class)    | PKCRX           |
| C000172680 | Payden Managed Income Fund (Institutional Class) | PKCIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Managed Income Fund

- **b. EDGAR series identifier (if any):** S000022678

- **c. LEI of Series:** 549300E8I3EQMB6RVA07

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $121461091.50

**Total Liabilities:** $6981481.84

**Net Assets:** $114479609.66

**Cash Not Reported:** $4319000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 1.87414694 | **5-Year:** 2811.34139000 | **10-Year:** 8423.25591200 | **30-Year:** 9436.59725700

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

- **3-Month:** 0.00000000 | **1-Year:** 52.00406923 | **5-Year:** 2853.94688300 | **10-Year:** 5074.11369900 | **30-Year:** 3229.23398800

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000065580 | 0.40%                | 0.30%                | 0.39%                |
| Class ID C000069457 | 0.41%                | 0.21%                | 0.41%                |
| Class ID C000077412 | 0.44%                | 0.22%                | 0.22%                |
| Class ID C000172680 | 0.39%                | 0.29%                | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-10815.86               | $280342.95                                 |
| Month 2  | $-375975.79              | $106654.87                                 |
| Month 3  | $226536.56               | $204029.97                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                           | Title                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | 5 YEAR U.S. TREASURY NOTE                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        71 | NC      | $48910.12     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT              | EURO-SCHATZ                                                               | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -17 | NC      | $-6059.43     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SABLE INTL FINANCE LTD                         | Sable International Finance Ltd                                           | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $295228.50    | 0.26%             | 2032-10-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                  | PRA Group Inc                                                             | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    180000 | PA      | $185603.47    | 0.16%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| CIBANCO SA INS DE BANCA                        | CIBANCO SA Institucion de Banca Multiple Trust CIB/3332                   | CUSIP: 000000000<br>LEI: 549300PN33H8IMG2PD83 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $161512.46    | 0.14%             | 2031-07-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Cologix Data Centers Issuer LL                 | Cologix Canadian Issuer LP                                                | CUSIP: 19521DAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |    400000 | PA      | $281595.82    | 0.25%             | 2052-01-25      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX 2025-BIO3 Mortgage Trust                                               | CUSIP: 123911AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $553863.04    | 0.48%             | 2042-02-10      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                 | BRAVO Residential Funding Trust 2024-NQM7                                 | CUSIP: 105698AF1<br>LEI: 254900T3YTF92WA96N66 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $500857.00    | 0.44%             | 2064-10-27      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                   | AutoZone Inc                                                              | CUSIP: 053332BK7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151666.61    | 0.13%             | 2034-07-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                       | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305510.12    | 0.27%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                       | Vistra Operations Co LLC                                                  | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $161176.05    | 0.14%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TTAN                                           | TTAN 2021-MHC                                                             | CUSIP: 87303TAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    230713 | PA      | $229834.72    | 0.20%             | 2038-03-15      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | S&P500 EMINI                                                              | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        19 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                            | Petroleos Mexicanos                                                       | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    425000 | PA      | $470593.83    | 0.41%             | 2026-04-16      | Fixed         | 3.75%                 | 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        |    300000 | PA      | $293699.37    | 0.26%             | 2039-02-23      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                           | Kraft Heinz Foods Co                                                      | CUSIP: 50077LAV8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    175000 | PA      | $168323.80    | 0.15%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2022-R01                              | CUSIP: 20754LAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1125000 | PA      | $1147391.33   | 1.00%             | 2041-12-25      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC                               | MODENA BUYER LLC                                                          | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |    373125 | PA      | $354935.16    | 0.31%             | 2031-07-01      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                 | Santander Drive Auto Receivables Trust 2024-S1                            | CUSIP: 80286UAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    224614 | PA      | $224911.07    | 0.20%             | 2029-03-16      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2023-R01                              | CUSIP: 207932AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    782705 | PA      | $801311.35    | 0.70%             | 2042-12-25      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                         | General Motors Financial Co Inc                                           | CUSIP: 37045XEU6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151176.18    | 0.13%             | 2029-07-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                          | American Homes 4 Rent LP                                                  | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149603.69    | 0.13%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                            | Muthoot Finance Ltd                                                       | CUSIP: 62828M2C4<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $198780.77    | 0.17%             | 2028-02-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | S&P500 EMINI                                                              | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         9 | NC      | $35662.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SURGE ENERGY INC                               | Surge Energy Inc                                                          | CUSIP: 86880YAD1<br>LEI: 984500714EFC8B46F797 | Long             | DBT              | CORP              | CA        |     95000 | PA      | $67876.83     | 0.06%             | 2029-09-05      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Bridgepoint CLO                                | Bridgepoint Clo VI DAC                                                    | CUSIP: 000000000<br>LEI: 635400SMEI2C85PDRY45 | Long             | ABS-CBDO         | CORP              | IE        |    500000 | PA      | $564695.14    | 0.49%             | 2036-11-14      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| MOBICO GROUP PLC                               | Mobico Group PLC                                                          | CUSIP: 000000000<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $299690.01    | 0.26%             | 2031-09-26      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                              | Hyatt Hotels Corp                                                         | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100503.17    | 0.09%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                             | Morocco Government International Bond                                     | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    300000 | PA      | $340677.70    | 0.30%             | 2029-04-02      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                          | Truist Financial Corp                                                     | CUSIP: 89788MAT9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176032.62    | 0.15%             | 2032-08-05      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Palisades Center Trust                         | Palisades Center Trust 2016-PLSD                                          | CUSIP: 69640GAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $45000.00     | 0.04%             | 2033-04-13      | Fixed         | 3.36%                 | No            |                  3 | On Loan: No      |
| BX Trust                                       | BX Trust 2023-DELC                                                        | CUSIP: 05610DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $502153.85    | 0.44%             | 2038-05-15      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                        | CARS-DB4 LP                                                               | CUSIP: 12510HAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $271249.83    | 0.24%             | 2050-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2021-R03                              | CUSIP: 20754AAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $304003.62    | 0.27%             | 2041-12-25      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | S&P500 EMINI                                                              | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -17 | NC      | $-11687.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman CLO Ltd                       | Neuberger Berman Loan Advisers Clo 51 Ltd                                 | CUSIP: 64135BAQ2<br>LEI: 549300E2R8NH2QE50368 | Long             | ABS-CBDO         | CORP              | JE        |    450000 | PA      | $446327.10    | 0.39%             | 2036-10-23      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                       | OCP SA                                                                    | CUSIP: 67091TAH8<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    200000 | PA      | $200331.34    | 0.17%             | 2030-04-30      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Arini European CLO                             | Arini European CLO I DAC                                                  | CUSIP: 000000000<br>LEI: 635400HMSNVNUMMBE111 | Long             | ABS-CBDO         | CORP              | IE        |    600000 | PA      | $679875.17    | 0.59%             | 2036-07-15      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| KIER GROUP PLC                                 | Kier Group PLC                                                            | CUSIP: 000000000<br>LEI: 2138002RKCU2OM4Y7O48 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $486817.69    | 0.43%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CIA DE MINAS BUENAVENTUR                       | Cia de Minas Buenaventura SAA                                             | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |    350000 | PA      | $348253.50    | 0.30%             | 2032-02-04      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Payden Emerging Markets Local Bond Fund        | Payden Emerging Markets Local Bond Fund                                   | CUSIP: 70432T867<br>LEI: 549300ZRY78UEWJB7K76 | Long             | EC               | RF                | US        |    491000 | NS      | $2273330.32   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| OCP Euro CLO                                   | Ocp Euro Clo 2023-7 DAC                                                   | CUSIP: 000000000<br>LEI: 635400SWYKSK8LNFAE07 | Long             | ABS-CBDO         | CORP              | IE        |    500000 | PA      | $565150.54    | 0.49%             | 2036-04-25      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2023-R03                              | CUSIP: 20753AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1371695.26   | 1.20%             | 2043-04-25      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| Fortress CBO Investments Ltd                   | FORT CRE 2022-FL3 Issuer LLC                                              | CUSIP: 34706CAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     35567 | PA      | $35024.92     | 0.03%             | 2039-02-23      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                       | OCP SA                                                                    | CUSIP: 67091TAJ4<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    200000 | PA      | $198416.47    | 0.17%             | 2036-03-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.               | S&P500 EMINI                                                              | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |        17 | NC      | $52912.50     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands Inc                                | HANESBRANDS INC                                                           | CUSIP: 410346AY6<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | LON              | CORP              | US        |    375000 | PA      | $372656.25    | 0.33%             | 2032-03-07      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUI                       | Viking Baked Goods Acquisition Corp                                       | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |    285000 | PA      | $271432.69    | 0.24%             | 2031-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                          | KKR Clo 25 Ltd                                                            | CUSIP: 48252UAU1<br>LEI: 549300MJB0YZ0QTQNZ45 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $595483.20    | 0.52%             | 2034-07-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| EPH FIN INTERNATIONAL AS                       | EPH Financing International AS                                            | CUSIP: 000000000<br>LEI: 3157003E5A4ZV0JCSM65 | Long             | DBT              | CORP              | CZ        |    250000 | PA      | $299429.46    | 0.26%             | 2029-11-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust                  | Life 2021-BMR Mortgage Trust                                              | CUSIP: 53218CAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    385000 | PA      | $375467.63    | 0.33%             | 2038-03-15      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                             | Zambia Government International Bond                                      | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    179867 | PA      | $156511.49    | 0.14%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                         | Gran Tierra Energy Inc                                                    | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |    203000 | PA      | $158061.54    | 0.14%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CAMB Commercial Mortgage Trust                 | CAMB Commercial Mortgage Trust 2019-LIFE                                  | CUSIP: 12482HAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $297068.64    | 0.26%             | 2037-12-15      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                       | Warnermedia Holdings Inc                                                  | CUSIP: 55903VBC6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    175000 | PA      | $149911.94    | 0.13%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2025-R02                              | CUSIP: 20754TAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $344832.71    | 0.30%             | 2045-02-25      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                   | USD/EUR FORWARD                                                           | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-164102.17   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                  | PRA Group Inc                                                             | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    110000 | PA      | $100327.83    | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2025-R03                              | CUSIP: 20754VAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    736150 | PA      | $738488.57    | 0.65%             | 2045-03-25      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| OHI GROUP SA                                   | OHI Group SA                                                              | CUSIP: 67712MAB5<br>LEI: 529900GW2J8DSYJHEH26 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $202200.00    | 0.18%             | 2029-07-22      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2021-DNA7                                   | CUSIP: 35564KND7<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |   1125000 | PA      | $1157092.09   | 1.01%             | 2041-11-25      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                       | Duke Energy Progress LLC                                                  | CUSIP: 26442UAU8<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299220.58    | 0.26%             | 2035-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| United Natural Foods Inc                       | UNITED NATURAL FOODS INC                                                  | CUSIP: 91116KAD7<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |    445500 | PA      | $447727.50    | 0.39%             | 2031-04-25      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                        | Romanian Government International Bond                                    | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    200000 | PA      | $221428.49    | 0.19%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2023-R04                              | CUSIP: 20754QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    771742 | PA      | $786352.70    | 0.69%             | 2043-05-25      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| SAGAX EURO MTN                                 | Sagax Euro Mtn NL BV                                                      | CUSIP: 000000000<br>LEI: 549300M3FFATWSV78G84 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $265465.56    | 0.23%             | 2028-01-26      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                             | Morocco Government International Bond                                     | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    300000 | PA      | $337733.87    | 0.30%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC               | USD/CAD FORWARD                                                           | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-15756.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                             | MCR 2024-HTL Mortgage Trust                                               | CUSIP: 55286PAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    241708 | PA      | $241702.19    | 0.21%             | 2037-02-15      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2022-HQA3                                   | CUSIP: 35564KE39<br>LEI: 5493000IRJ8RDHSNEL96 | Long             | ABS-MBS          | CORP              | US        |    249194 | PA      | $252897.63    | 0.22%             | 2042-08-25      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                          | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127628.80    | 0.11%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ALBANIA                            | Albania Government International Bond                                     | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |    375000 | PA      | $405794.94    | 0.35%             | 2035-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes                 | JPMorgan Chase Bank NA - CACLN                                            | CUSIP: 46591HCH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $549369.10    | 0.48%             | 2029-02-26      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                      | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193936.66    | 0.17%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec                 | American Credit Acceptance Receivables Trust 2024-4                       | CUSIP: 024945AG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500268.25    | 0.44%             | 2031-08-12      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| FISERV FUNDING UNLTD CO                        | FISERV FUNDING ULC                                                        | CUSIP: 000000000<br>LEI: 254900RNWK5SE9A0I712 | Long             | DBT              | CORP              | IE        |    250000 | PA      | $283665.64    | 0.25%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                        | Hyundai Capital America                                                   | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49390.12     | 0.04%             | 2027-09-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2022-DNA2                                   | CUSIP: 35564KRN1<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $519071.30    | 0.45%             | 2042-02-25      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | AUD/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $6412.70      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROBANK SA                                    | Eurobank SA                                                               | CUSIP: 000000000<br>LEI: 213800KGF4EFNUQKAT69 | Long             | DBT              | CORP              | GR        |    300000 | PA      | $336532.75    | 0.29%             | 2030-03-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HIH Trust                                      | HIH Trust 2024-61P                                                        | CUSIP: 40444VAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $247457.40    | 0.22%             | 2041-10-15      | Floating      | 7.96%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2024-DNA2                                   | CUSIP: 35564NCW1<br>LEI: 529900GRKKKHILZX4347 | Long             | ABS-MBS          | CORP              | US        |    543756 | PA      | $543737.24    | 0.47%             | 2044-05-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| UDR INC                                        | UDR Inc                                                                   | CUSIP: 90265EAW0<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146390.35    | 0.13%             | 2034-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2025-R03                              | CUSIP: 20754VAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    411450 | PA      | $414044.19    | 0.36%             | 2045-03-25      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2021-DNA7                                   | CUSIP: 35564KNE5<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $426102.60    | 0.37%             | 2041-11-25      | Floating      | 12.15%                | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                       | Neuberger Berman Loan Advisers CLO 45 Ltd                                 | CUSIP: 64134MAJ5<br>LEI: 549300BQ0WQMX5H5TS32 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $995348.00    | 0.87%             | 2036-10-14      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                              | Ares Capital Corp                                                         | CUSIP: 04010LBF9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176262.97    | 0.15%             | 2029-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LIMAK CIMENTO SANAYI                           | Limak Cimento Sanayi ve Ticaret AS                                        | CUSIP: 53263AAA6<br>LEI: 789000EEUQIGHI88WH47 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $393354.80    | 0.34%             | 2029-07-25      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                        | GOLDMAN SACHS GROUP INC/THE                                               | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    275000 | PA      | $280141.13    | 0.24%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | CHF/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $83520.38     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                       | Altice France Holding SA                                                  | CUSIP: 02156TAB0<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    325000 | PA      | $101104.19    | 0.09%             | 2027-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Sage AR Funding                                | Sage AR Funding No 1 PLC                                                  | CUSIP: 000000000<br>LEI: 635400KXGNL1GYF3BH46 | Long             | ABS-MBS          | CORP              | GB        |    110000 | PA      | $146225.52    | 0.13%             | 2030-11-17      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Fannie Mae Connecticut Avenue Securities                                  | CUSIP: 20754KAF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $713025.74    | 0.62%             | 2041-11-25      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                         | XPLR Infrastructure Operating Partners LP                                 | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    180000 | PA      | $178343.89    | 0.16%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                      | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117598.69    | 0.10%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                 | Bombardier Inc                                                            | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $202596.21    | 0.18%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF POLAND                             | Republic of Poland Government International Bond                          | CUSIP: 857524AH5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    400000 | PA      | $404806.67    | 0.35%             | 2035-02-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                           | Reworld Holding Corp                                                      | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    400000 | PA      | $374167.24    | 0.33%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                                             | CUSIP: 097023CU7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25175.27     | 0.02%             | 2027-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2024-HQA2                                   | CUSIP: 35564NDZ3<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | CORP              | US        |    678431 | PA      | $677091.48    | 0.59%             | 2044-08-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | NOK/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $48833.85     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Fannie Mae Connecticut Avenue Securities                                  | CUSIP: 30711XCH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    123484 | PA      | $133183.33    | 0.12%             | 2028-09-25      | Floating      | 16.72%                | No            |                  2 | On Loan: No      |
| LKQ DUTCH BOND BV                              | LKQ Dutch Bond BV                                                         | CUSIP: 000000000<br>LEI: 724500O7KBK1ICWRWC17 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $230909.54    | 0.20%             | 2031-03-13      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                               | Hewlett Packard Enterprise Co                                             | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241457.17    | 0.21%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                                     | Evergy Inc                                                                | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121830.95    | 0.11%             | 2055-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                                             | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24499.13     | 0.02%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                                      | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $76342.81     | 0.07%             | 2031-02-04      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                 | Wells Fargo Commercial Mortgage Trust 2018-C46                            | CUSIP: 95001QAV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7566970 | PA      | $150840.74    | 0.13%             | 2051-08-15      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                   | Synopsys Inc                                                              | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    240000 | PA      | $240604.93    | 0.21%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2022-R01                              | CUSIP: 20754LAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $339469.33    | 0.30%             | 2041-12-25      | Floating      | 10.35%                | No            |                  2 | On Loan: No      |
| ACRE COMMERCIAL MORTGAGE TRUST                 | ACRE Commercial Mortgage 2021-FL4 Ltd                                     | CUSIP: 00489TAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $98809.58     | 0.09%             | 2037-12-18      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | U.S. TREASURY BOND                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -8 | NC      | $-3652.48     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                       | USD/JPY FORWARD                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-3363.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                           | Veritiv Operating Co                                                      | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    225000 | PA      | $235304.78    | 0.21%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                              | EMRLD BORROWER LP                                                         | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    448872 | PA      | $444291.44    | 0.39%             | 2031-08-04      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Omnia Partners, LLC                            | OMNIA PARTNERS LLC                                                        | CUSIP: 68218HAE7<br>LEI: 254900ZD1P5CVG9GOS22 | Long             | LON              | CORP              | US        |    273625 | PA      | $272883.48    | 0.24%             | 2030-07-25      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| ACREC LLC                                      | Acrec 2025 Fl 3 LLC                                                       | CUSIP: 00112HAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $491137.50    | 0.43%             | 2042-08-18      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| Madison Iaq LLC                                | MADISON IAQ LLC                                                           | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    200000 | PA      | $198463.00    | 0.17%             | 2028-06-21      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| LD CELULOSE INTERNATIONA                       | LD Celulose International GmbH                                            | CUSIP: 50206BAA0<br>LEI: 529900EHUSQJVOTP9J45 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $205600.00    | 0.18%             | 2032-01-26      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                 | Open Text Corp                                                            | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    550000 | PA      | $566188.93    | 0.49%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                       | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244261.25    | 0.21%             | 2035-10-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                           | WMG Acquisition Corp                                                      | CUSIP: 92933BAT1<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |    250000 | PA      | $231385.33    | 0.20%             | 2029-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR Debt Notes 2015-HQA2                                    | CUSIP: 3137G0HM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    297702 | PA      | $309631.74    | 0.27%             | 2028-05-25      | Floating      | 14.97%                | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | SEK/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $42224.88     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                 | Santander Bank Auto Credit-Linked Notes Series 2022-B                     | CUSIP: 80290CBB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    454448 | PA      | $460226.82    | 0.40%             | 2032-08-16      | Fixed         | 11.91%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2022-R03                              | CUSIP: 20753XAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $517129.30    | 0.45%             | 2042-03-25      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust 2021-VOLT                                    | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $393915.92    | 0.34%             | 2036-09-15      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| HOLCIM FINANCE US LLC                          | Holcim Finance US LLC                                                     | CUSIP: 43475RAC0<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    325000 | PA      | $328489.50    | 0.29%             | 2030-04-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                              | Ghana Government International Bond                                       | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    200000 | PA      | $136095.00    | 0.12%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                | Star Parent Inc                                                           | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    350000 | PA      | $354574.79    | 0.31%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF PARAGUAY                           | Paraguay Government International Bond                                    | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    450000 | PA      | $454275.00    | 0.40%             | 2036-02-09      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OCP Euro CLO                                   | OCP Euro CLO 2020-4 DAC                                                   | CUSIP: 000000000<br>LEI: 635400NSID6FARUW3W95 | Long             | ABS-CBDO         | CORP              | IE        |    300000 | PA      | $339219.81    | 0.30%             | 2034-09-22      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                 | SWCH Commercial Mortgage Trust 2025-DATA                                  | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    575000 | PA      | $566040.24    | 0.49%             | 2042-03-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust                   | DC Commercial Mortgage Trust 2023-DC                                      | CUSIP: 24023AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    335000 | PA      | $346872.00    | 0.30%             | 2040-09-12      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | USD/GBP FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-42526.59    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC                        | CRH America Finance Inc                                                   | CUSIP: 12636YAE2<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253503.27    | 0.22%             | 2034-05-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Lightning Power, LLC                           | LIGHTNING POWER LLC                                                       | CUSIP: 53229LAB3<br>LEI: 254900BWCHJ03XRL8K59 | Long             | LON              | CORP              | US        |    273625 | PA      | $273411.57    | 0.24%             | 2031-08-18      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                   | ALPHABET INC                                                              | CUSIP: 02079KAP2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    250000 | PA      | $283184.18    | 0.25%             | 2029-05-06      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INDIA CLEANTECH ENERGY                         | India Cleantech Energy                                                    | CUSIP: 000000000<br>LEI: 254900DGTS4HHR3Q6F66 | Long             | DBT              | CORP              | MU        |    217250 | PA      | $211421.27    | 0.18%             | 2026-08-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                   | NNN REIT Inc                                                              | CUSIP: 637417AT3<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175499.81    | 0.15%             | 2034-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2022-DNA3                                   | CUSIP: 35564KUW7<br>LEI: 5493000IS4M3TZMRB410 | Long             | ABS-MBS          | CORP              | US        |    617660 | PA      | $625257.82    | 0.55%             | 2042-04-25      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2022-R02                              | CUSIP: 20754BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1075000 | PA      | $1117986.03   | 0.98%             | 2042-01-25      | Floating      | 8.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2021-R01                              | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $832006.40    | 0.73%             | 2041-10-25      | Floating      | 10.35%                | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                         | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    266000 | PA      | $254756.90    | 0.22%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2025-R02                              | CUSIP: 20754TAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $448851.56    | 0.39%             | 2045-02-25      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | USD/SEK FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-47543.92    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                           | Cross 2024-H8 Mortgage Trust                                              | CUSIP: 22757GAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    575000 | PA      | $575208.50    | 0.50%             | 2069-12-25      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| WaterBridge Midstream Operating LLC            | WATERBRIDGE MIDSTREAM OPERATING LLC                                       | CUSIP: 94120XAF2<br>LEI: 549300DVU86VSP486341 | Long             | LON              | CORP              | US        |     93203 | PA      | $89267.81     | 0.08%             | 2029-06-27      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| Henley Funding Ltd.                            | Henley CLO VII DAC                                                        | CUSIP: 000000000<br>LEI: 635400SRJSVJPTMR4D89 | Long             | ABS-CBDO         | CORP              | IE        |    250000 | PA      | $281423.45    | 0.25%             | 2034-04-25      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                       | OBX 2025-NQM6 Trust                                                       | CUSIP: 67448UAC6<br>LEI: 254900W46UQEWQMYYZ02 | Long             | ABS-MBS          | CORP              | US        |    442164 | PA      | $444613.70    | 0.39%             | 2065-03-25      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust 2021-VINO                                    | CUSIP: 05608KAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $347133.40    | 0.30%             | 2038-05-15      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Third Coast Infrastructure LLC                 | THIRD COAST INFRASTRUCTU                                                  | CUSIP: 88412KAC6<br>LEI: 5493006R4EN78GPJ4M96 | Long             | LON              | CORP              | US        |    271906 | PA      | $266468.13    | 0.23%             | 2030-09-25      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2021-DNA6                                   | CUSIP: 35564KLU1<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | CORP              | US        |    425000 | PA      | $435889.99    | 0.38%             | 2041-10-25      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                            | Nigeria Government International Bond                                     | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    200000 | PA      | $179787.50    | 0.16%             | 2028-09-28      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Consolidated Energy Finance SA                 | CONSOLIDATED ENERGY FIN SA                                                | CUSIP: 000000000<br>LEI: 549300PUNIS0USNSL750 | Long             | LON              | CORP              | LU        |    198000 | PA      | $182831.22    | 0.16%             | 2030-11-15      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| KKR Static CLO Ltd, KKR Static                 | KKR Static CLO I LTD                                                      | CUSIP: 48255QAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    268034 | PA      | $267269.36    | 0.23%             | 2031-07-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | EUR/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $8775.01      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2021-DNA6                                   | CUSIP: 35564KLV9<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | CORP              | US        |    725000 | PA      | $766882.82    | 0.67%             | 2041-10-25      | Floating      | 11.85%                | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                          | Duke Energy Carolinas LLC                                                 | CUSIP: 26442CBP8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    300000 | PA      | $306186.49    | 0.27%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education Inc                      | MCGRAW-HILL EDUCATION INC                                                 | CUSIP: 58063DAF0<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | LON              | CORP              | US        |    425242 | PA      | $424748.66    | 0.37%             | 2031-08-06      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR Debt Notes 2015-DNA3                                    | CUSIP: 3137G0GZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    293855 | PA      | $302761.02    | 0.26%             | 2028-04-25      | Floating      | 13.82%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2021-HQA4                                   | CUSIP: 35564KPN3<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $306917.91    | 0.27%             | 2041-12-25      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2023-DNA2                                   | CUSIP: 35564KT58<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | CORP              | US        |    266033 | PA      | $269537.30    | 0.24%             | 2043-04-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                         | Santander Holdings USA Inc                                                | CUSIP: 80282KBM7<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225745.24    | 0.20%             | 2030-09-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                       | Organon & Co / Organon Foreign Debt Co-Issuer BV                          | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $184453.50    | 0.16%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                       | Rogers Communications Inc                                                 | CUSIP: 775109DF5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $345104.90    | 0.30%             | 2034-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                       | OBX 2024-NQM12 Trust                                                      | CUSIP: 67448PAC7<br>LEI: 254900MY906NOBBPOA44 | Long             | ABS-MBS          | CORP              | US        |    178620 | PA      | $179007.84    | 0.16%             | 2064-07-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | GBP/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $41467.51     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY                                        | Hungary Government International Bond                                     | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    400000 | PA      | $441947.47    | 0.39%             | 2034-06-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RELX CAPITAL INC                               | RELX Capital Inc                                                          | CUSIP: 74949LAF9<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177030.36    | 0.15%             | 2030-03-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                 | Santander Bank Auto Credit-Linked Notes Series 2022-A                     | CUSIP: 80290CAS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5430 | PA      | $5430.20      | 0.00%             | 2032-05-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                               | VB-S1 Issuer LLC - VBTEL                                                  | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $209959.34    | 0.18%             | 2054-05-15      | Fixed         | 8.87%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                   | Synopsys Inc                                                              | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181343.25    | 0.16%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                  | Citigroup Inc                                                             | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    175000 | PA      | $153800.41    | 0.13%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                       | EMRLD Borrower LP / Emerald Co-Issuer Inc                                 | CUSIP: 26873CAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $153135.13    | 0.13%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Fannie Mae Connecticut Avenue Securities                                  | CUSIP: 20754KAJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    675000 | PA      | $705091.64    | 0.62%             | 2041-11-25      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                               | Societe Generale SA                                                       | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $418817.90    | 0.37%             | 2029-06-12      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Series 2025-R01                             | CUSIP: 20755JAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $391655.68    | 0.34%             | 2045-01-25      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | USD/EUR FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-58372.33    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                           | CITGO Petroleum Corp                                                      | CUSIP: 17302XAM8<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224010.63    | 0.20%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                    | Ivory Coast Government International Bond                                 | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $184376.80    | 0.16%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| W & T OFFSHORE INC                             | W&T Offshore Inc                                                          | CUSIP: 92922PAN6<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | DBT              | CORP              | US        |    325000 | PA      | $256571.84    | 0.22%             | 2029-02-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: —       |
| MIC Glen LLC                                   | MIC GLEN LLC                                                              | CUSIP: 55304PAG6<br>LEI: 549300XD843A2SP50882 | Long             | LON              | CORP              | US        |    382167 | PA      | $382704.13    | 0.33%             | 2028-07-21      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| JAB HOLDINGS BV                                | JAB Holdings BV                                                           | CUSIP: 000000000<br>LEI: 529900RRNKUM3INJGF98 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $362710.42    | 0.32%             | 2033-06-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regatta XVI Funding Ltd.                       | Regatta XVI Funding Ltd                                                   | CUSIP: 75888TAS4<br>LEI: 254900XPJFGKL5R4O429 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248499.50    | 0.22%             | 2033-01-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                           | Fiesta Purchaser Inc                                                      | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $209626.40    | 0.18%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Bangl LLC                                      | BANGL LLC                                                                 | CUSIP: 05989UAC1<br>LEI: 549300PM5ZCKF0QY2J26 | Long             | LON              | CORP              | US        |    123746 | PA      | $124017.20    | 0.11%             | 2029-02-01      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| LAZARD GROUP LLC                               | Lazard Group LLC                                                          | CUSIP: 52107QAL9<br>LEI: FI94J2CJ1D7BIGVMS874 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154553.11    | 0.14%             | 2031-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOPARAN FINANCE PLC                            | Boparan Finance PLC                                                       | CUSIP: 000000000<br>LEI: 213800GQSQIOBR3DHN70 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $193040.76    | 0.17%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | JPY/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $59487.55     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                          | Guatemala Government Bond                                                 | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    250000 | PA      | $249516.89    | 0.22%             | 2037-02-06      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| TDF INFRASTRUCTURE SAS                         | TDF Infrastructure SASU                                                   | CUSIP: 000000000<br>LEI: 969500BWNQ1B0PI06I59 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $341280.10    | 0.30%             | 2031-10-23      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2022-HQA2                                   | CUSIP: 35564KB24<br>LEI: 5493000IRLADKYZNON28 | Long             | ABS-MBS          | CORP              | US        |    249568 | PA      | $254783.46    | 0.22%             | 2042-07-25      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2022-R04                              | CUSIP: 20753YAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $222098.80    | 0.19%             | 2042-03-25      | Floating      | 13.85%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                          | Sri Lanka Government International Bond                                   | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    225000 | PA      | $159187.50    | 0.14%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                            | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    225000 | PA      | $229473.88    | 0.20%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Arini European CLO                             | Arini European CLO I DAC                                                  | CUSIP: 000000000<br>LEI: 635400HMSNVNUMMBE111 | Long             | ABS-CBDO         | CORP              | IE        |    300000 | PA      | $340988.08    | 0.30%             | 2036-07-15      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                          | Mexico Government International Bond                                      | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    425000 | PA      | $423732.65    | 0.37%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                           | ALPHA GENERATION LLC                                                      | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |    323375 | PA      | $323808.32    | 0.28%             | 2031-09-30      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked N                 | Ally Bank Auto Credit-Linked Notes Series 2024-B                          | CUSIP: 02007G4E0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    523534 | PA      | $523056.54    | 0.46%             | 2032-09-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | USD/AUD FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-22164.07    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Driven Brands Funding, LLC                     | Driven Brands Funding LLC                                                 | CUSIP: 26209XAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235398 | PA      | $219526.02    | 0.19%             | 2051-10-20      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| TESCO CORP TREASURY SERV                       | Tesco Corporate Treasury Services PLC                                     | CUSIP: 000000000<br>LEI: 21380018AJDKNF3A6712 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $386445.62    | 0.34%             | 2031-02-27      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                            | Nigeria Government International Bond                                     | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    250000 | PA      | $235480.00    | 0.21%             | 2027-11-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AUTOSTRADE PER L'ITALIA                        | Autostrade per l'Italia SpA                                               | CUSIP: 000000000<br>LEI: 815600149448CEB9B230 | Long             | DBT              | CORP              | IT        |    250000 | PA      | $292049.30    | 0.26%             | 2032-06-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                       | Prime Healthcare Services Inc                                             | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $405569.27    | 0.35%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| PAYDEN CASH RESERVES MONEY MARKET              | PAYDEN CASH RESERVES MONEY MARKET                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2261952 | NS      | $2261952.08   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Oak Street Investment Grade Ne                 | Oak Street Investment Grade Net Lease Fund Series 2020-1                  | CUSIP: 67181DAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    496458 | PA      | $478137.53    | 0.42%             | 2050-11-20      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                   | Centene Corp                                                              | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    150000 | PA      | $136751.07    | 0.12%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MIDCONTINENT COMMUNICATI                       | Midcontinent Communications                                               | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |    225000 | PA      | $229668.30    | 0.20%             | 2032-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                          | Argentine Republic Government International Bond                          | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    250000 | PA      | $167345.95    | 0.15%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | USD/EUR FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-127060.81   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2019-R06                              | CUSIP: 20754JAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    270184 | PA      | $275912.13    | 0.24%             | 2039-09-25      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                       | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc     | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $332881.58    | 0.29%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                | SBA Tower Trust                                                           | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $460693.71    | 0.40%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust                  | Life 2022-BMR Mortgage Trust                                              | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    375000 | PA      | $363088.43    | 0.32%             | 2039-05-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                | IHS Holding Ltd                                                           | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $193090.00    | 0.17%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2022-R03                              | CUSIP: 20753XAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $539425.45    | 0.47%             | 2042-03-25      | Floating      | 10.60%                | No            |                  2 | On Loan: No      |
| JUNIPER RECEIVABLES 2023-1 DAC                 | JUNIPER RECEIVABLES 2023-1 DAC                                            | CUSIP: 481941102<br>LEI: 635400VPHEPHO9HXX694 | Long             | EC               | CORP              | IE        |        10 | NS      | $265595.22    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Buckhorn Park CLO, Ltd.                        | Buckhorn Park CLO Ltd                                                     | CUSIP: 118382BA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $497505.50    | 0.43%             | 2034-07-18      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| LETRA TESOURO NACIONAL                         | Brazil Letras do Tesouro Nacional                                         | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |  35000000 | PA      | $6032037.89   | 5.27%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL MARINE INC                              | Global Marine Inc                                                         | CUSIP: 379352AL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $224341.00    | 0.20%             | 2028-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | 2 YEAR U.S. TREASURY NOTE                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       375 | NC      | $639511.84    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC               | EUR/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $51015.97     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                           | Republic of Uzbekistan International Bond                                 | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    250000 | PA      | $250400.00    | 0.22%             | 2032-02-28      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                | United States Treasury Note/Bond                                          | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3300000 | PA      | $3315597.65   | 2.90%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TRANSDIGM INC                                                             | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    199497 | PA      | $197760.86    | 0.17%             | 2031-02-28      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust 2025-VLT6                                                        | CUSIP: 12433KAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    425000 | PA      | $420916.77    | 0.37%             | 2042-03-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                 | Opal Bidco SAS                                                            | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $282220.90    | 0.25%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                          | Huntington Bancshares Inc/OH                                              | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226763.60    | 0.20%             | 2031-01-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| BEACON ROOFING SUPPLY IN                       | Beacon Roofing Supply Inc                                                 | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226144.45    | 0.20%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Fannie Mae Connecticut Avenue Securities                                  | CUSIP: 30711XCR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |     49466 | PA      | $53545.23     | 0.05%             | 2028-10-25      | Floating      | 16.22%                | No            |                  2 | On Loan: No      |
| Evergreen AcqCo 1 LP                           | EVERGREEN ACQCO 1 LP                                                      | CUSIP: 30015FAG1<br>LEI: 549300F6POVHG3ME8T95 | Long             | LON              | CORP              | US        |    392541 | PA      | $390904.03    | 0.34%             | 2028-04-26      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                        | Goldman Sachs Group Inc/The                                               | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    325000 | PA      | $286720.73    | 0.25%             | 2033-02-24      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | USD/JPY FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-24905.50    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                          | Guatemala Government Bond                                                 | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    425000 | PA      | $415684.98    | 0.36%             | 2027-06-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                   | Centene Corp                                                              | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    175000 | PA      | $153852.09    | 0.13%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2021-R01                              | CUSIP: 20754RAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    575000 | PA      | $584763.73    | 0.51%             | 2041-10-25      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2023-HQA3                                   | CUSIP: 35564K3G2<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | CORP              | US        |    144926 | PA      | $145656.86    | 0.13%             | 2043-11-25      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                             | PBF Holding Co LLC / PBF Finance Corp                                     | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $264416.01    | 0.23%             | 2030-03-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| IRON MOUNTAIN INC                              | IRON MOUNTAIN INC                                                         | CUSIP: 46284NAV1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | LON              | CORP              | US        |    198343 | PA      | $197748.20    | 0.17%             | 2031-01-31      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                          | Blue Owl Capital Corp                                                     | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72923.78     | 0.06%             | 2026-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                   | ARES Loan Funding III Ltd                                                 | CUSIP: 04009BAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $996665.00    | 0.87%             | 2036-07-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                          | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    425000 | PA      | $426872.17    | 0.37%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                 | Santander Bank Auto Credit-Linked Notes Series 2022-A                     | CUSIP: 80290CAT1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3394 | PA      | $3396.43      | 0.00%             | 2032-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                   | EUR/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1862.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2021-2     | EXETER AUTOMOBILE RECEIVABLES TRUST 2021-2                                | CUSIP: 30166RAJ6<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        10 | NS      | $509102.50    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                               | VB-S1 Issuer LLC - VBTEL                                                  | CUSIP: 91823ABE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $206231.12    | 0.18%             | 2054-05-15      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| Payden Cash Reserves Money Market Fund         | Payden Cash Reserves Money Market Fund                                    | CUSIP: 704329598<br>LEI: 549300SI0EB26HO5RT16 | Long             | STIV             | RF                | US        |   1300452 | NS      | $1300451.77   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2023-HQA2                                   | CUSIP: 35564K2F5<br>LEI: 5493000KIGZAWUOW4E32 | Long             | ABS-MBS          | CORP              | US        |    233733 | PA      | $235027.99    | 0.21%             | 2043-06-25      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| Beechwood Park CLO Ltd.                        | Beechwood Park CLO Ltd                                                    | CUSIP: 07355TAU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.87%             | 2035-01-17      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2019-R03                              | CUSIP: 20753MAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    421240 | PA      | $439505.77    | 0.38%             | 2031-09-25      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES                       | Banco de Credito e Inversiones SA                                         | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $207426.00    | 0.18%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                       | Capital One Financial Corp                                                | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148191.36    | 0.13%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                       | Delta Air Lines Inc / SkyMiles IP Ltd                                     | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    325000 | PA      | $323110.02    | 0.28%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                        | Surgery Center Holdings Inc                                               | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    425000 | PA      | $424566.76    | 0.37%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC               | USD/EUR FORWARD                                                           | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-746845.07   | -0.65%            |  |  |  | No            |                  2 | On Loan: No      |
| BUBBLES HOLDCO SPA                             | Bubbles Bidco SPA                                                         | CUSIP: 000000000<br>LEI: 815600073942740CEB24 | Long             | DBT              | CORP              | IT        |    250000 | PA      | $283525.41    | 0.25%             | 2031-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                            | Petroleos Mexicanos                                                       | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    100000 | PA      | $112378.61    | 0.10%             | 2025-11-24      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Terex Corporation                              | TEREX CORP                                                                | CUSIP: 88078FBM9<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | LON              | CORP              | US        |    375000 | PA      | $375000.00    | 0.33%             | 2031-10-08      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Leia Finco US LLC                              | LEIA FINCO US LLC                                                         | CUSIP: 52526CAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    125000 | PA      | $124418.75    | 0.11%             | 2031-10-09      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR Debt Notes 2015-HQA1                                    | CUSIP: 3137G0GM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    247267 | PA      | $248304.20    | 0.22%             | 2028-03-25      | Floating      | 13.27%                | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                              | Magnetite XIX Ltd                                                         | CUSIP: 55954KBA2<br>LEI: 5493000OP4ZUZOOM1U45 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $297813.00    | 0.26%             | 2034-04-17      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                       | Western Midstream Operating LP                                            | CUSIP: 958667AG2<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142627.72    | 0.12%             | 2034-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                          | Quikrete Holdings Inc                                                     | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175807.77    | 0.15%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HOLCIM FINANCE US LLC                          | Holcim Finance US LLC                                                     | CUSIP: 43475RAD8<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200012.36    | 0.17%             | 2035-04-07      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                         | General Motors Financial Co Inc                                           | CUSIP: 37045XEZ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    350000 | PA      | $344396.23    | 0.30%             | 2029-10-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | USD/CHF FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-175821.23   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                         | Extra Space Storage LP                                                    | CUSIP: 30225VAU1<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245546.81    | 0.21%             | 2035-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Flynn Restaurant Group LP                      | FLYNN RESTAURANT GROUP LP                                                 | CUSIP: 34410JAG6<br>LEI: 5493008VE8TQONGO3817 | Long             | LON              | CORP              | US        |    170000 | PA      | $166441.05    | 0.15%             | 2032-01-28      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| EMPIRE COMMUNITIES CORP                        | Empire Communities Corp                                                   | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $170966.25    | 0.15%             | 2029-05-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                        | Frontier Communications Holdings LLC                                      | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $198108.78    | 0.17%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BE SEMICONDUCTOR                               | BE Semiconductor Industries NV                                            | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $230410.93    | 0.20%             | 2031-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Fannie Mae Connecticut Avenue Securities                                  | CUSIP: 30711XDB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |     98354 | PA      | $105193.81    | 0.09%             | 2029-01-25      | Floating      | 14.72%                | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                          | Minerva Luxembourg SA                                                     | CUSIP: 000000000<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |    225000 | PA      | $240157.80    | 0.21%             | 2033-09-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding                 | Diamond Infrastructure Funding LLC                                        | CUSIP: 25265LAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $141353.54    | 0.12%             | 2049-04-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| ADVANTAGE SALES & MARKET                       | Advantage Sales & Marketing Inc                                           | CUSIP: 00775PAA5<br>LEI: 549300T4O24KQDED1182 | Long             | DBT              | CORP              | US        |    195000 | PA      | $157211.79    | 0.14%             | 2028-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Valley Stream Park CLO, Ltd                    | Valley Stream Park CLO LTD                                                | CUSIP: 92013AAX7<br>LEI: 213800DEME82SWN32S20 | Long             | ABS-CBDO         | CORP              | JE        |    800000 | PA      | $792966.40    | 0.69%             | 2037-01-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | EUR/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $207885.51    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust                 | ARES1 2024-IND2                                                           | CUSIP: 04021EAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    320000 | PA      | $320264.90    | 0.28%             | 2034-10-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2025-R02                              | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    396755 | PA      | $395213.06    | 0.35%             | 2045-02-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                       | USD/GBP FORWARD                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-44864.11    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET GLOBAL MARKETS, LLC               | USD/GBP FORWARD                                                           | CUSIP: 000000000<br>LEI: 549300FDEDF5ORXCMQ56 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-36993.64    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | USD/BRL FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-200396.35   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                       | JPY/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $105419.43    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | 10 YEAR U.S. TREASURY NOTE                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -35 | NC      | $-46246.33    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | USD/NOK FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-14846.37    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                     | AUD/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $38548.89     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                             | Expand Energy Corp                                                        | CUSIP: 165167DH7<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123425.26    | 0.11%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO Ltd                                                               | CUSIP: 671026AQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $295778.40    | 0.26%             | 2037-01-17      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| SAGAX AB                                       | Sagax AB                                                                  | CUSIP: 000000000<br>LEI: 549300LJX28T6OM8DT95 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $235261.11    | 0.21%             | 2030-05-29      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2024-HQA1                                   | CUSIP: 35564NCA9<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $351136.10    | 0.31%             | 2044-03-25      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                           | Flutter Treasury DAC                                                      | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    350000 | PA      | $411343.75    | 0.36%             | 2029-04-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EDGE FINCO PLC                                 | Edge Finco PLC                                                            | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $203328.37    | 0.18%             | 2031-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                      | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76421.21     | 0.07%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                   | Entegris Inc                                                              | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194899.34    | 0.17%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | US ULTRA BOND CBT                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -2 | NC      | $1641.18      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Exeter Automobile Receivables                  | Exeter Automobile Receivables Trust 2024-5                                | CUSIP: 30165BAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $445992.12    | 0.39%             | 2031-02-18      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                              | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    175000 | PA      | $178477.48    | 0.16%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                          | Freedom Mortgage Holdings LLC                                             | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101956.50    | 0.09%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CPPIB OVM MEMBER US LLC                        | CPPIB OVM MEMBER US LLC                                                   | CUSIP: 12673CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149250 | PA      | $148441.19    | 0.13%             | 2031-08-20      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Dragon Buyer, Inc.                             | DRAGON BUYER INC                                                          | CUSIP: 26143FAB5<br>LEI: 2549006V6EIUFGF2Y127 | Long             | LON              | CORP              | US        |    199500 | PA      | $198602.25    | 0.17%             | 2031-09-30      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| OCEANICA LUX                                   | Oceanica Lux                                                              | CUSIP: 000000000<br>LEI: 635400VU48WVABC1TO64 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $179730.00    | 0.16%             | 2029-10-02      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                            | Axon Enterprise Inc                                                       | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152985.57    | 0.13%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2022-R04                              | CUSIP: 20753YAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $848086.72    | 0.74%             | 2042-03-25      | Floating      | 9.60%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                         | Millicom International Cellular SA                                        | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    325000 | PA      | $289700.03    | 0.25%             | 2031-04-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                 | Carlyle Global Market Strategies CLO 2016-1 Ltd                           | CUSIP: 14312HBE5<br>LEI: 549300N3CJKPCWZ7KX23 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $996037.00    | 0.87%             | 2034-04-20      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.    | US 10YR ULTRA                                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -25 | NC      | $-35349.28    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Truist Insurance Holdings, LLC                 | TRUIST INSURANCE HOLDING                                                  | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    178947 | PA      | $178880.26    | 0.16%             | 2032-05-06      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding                 | Diamond Infrastructure Funding LLC                                        | CUSIP: 25265LAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $470943.90    | 0.41%             | 2049-04-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                  | Boeing Co/The                                                             | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26304.98     | 0.02%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                               | Paramount Global                                                          | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     95000 | PA      | $91941.22     | 0.08%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2021-HQA3                                   | CUSIP: 35564KKK4<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |   1075000 | PA      | $1094544.79   | 0.96%             | 2041-09-25      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                            | Muthoot Finance Ltd                                                       | CUSIP: 62828L2C6<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    225000 | PA      | $223628.37    | 0.20%             | 2028-02-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                               | VB-S1 Issuer LLC - VBTEL                                                  | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $283070.82    | 0.25%             | 2052-02-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                       | Organon & Co / Organon Foreign Debt Co-Issuer BV                          | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $189031.75    | 0.17%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| Santander Drive Auto Receivabl                 | Santander Drive Auto Receivables Trust 2023-S1                            | CUSIP: 80286QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    371760 | PA      | $373967.15    | 0.33%             | 2028-04-18      | Fixed         | 10.40%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2022-DNA4                                   | CUSIP: 35564KWS4<br>LEI: 5493000IS4CDPWRMWB65 | Long             | ABS-MBS          | CORP              | US        |    325182 | PA      | $330252.89    | 0.29%             | 2042-05-25      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| ICE FUTURES EUROPE                             | LONG GILT                                                                 | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |        -2 | NC      | $-7160.33     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2 | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2                            | CUSIP: 80287MAD9<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        20 | NS      | $337458.70    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| OVH GROUPE SAS                                 | OVH Groupe SAS                                                            | CUSIP: 000000000<br>LEI: 9695001J8OSOVX4TP939 | Long             | DBT              | CORP              | FR        |    275000 | PA      | $315408.45    | 0.28%             | 2031-02-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                        | Stagwell Global LLC                                                       | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |    275000 | PA      | $259836.06    | 0.23%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2022-DNA2                                   | CUSIP: 35564KSJ9<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $365854.16    | 0.32%             | 2042-02-25      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                          | Minerva Luxembourg SA                                                     | CUSIP: 603374AH2<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $213473.60    | 0.19%             | 2033-09-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Arbour CLO                                     | Arbour Clo VII DAC                                                        | CUSIP: 000000000<br>LEI: 635400S59B1EE8UDJW07 | Long             | ABS-CBDO         | CORP              | IE        |    800000 | PA      | $902112.92    | 0.79%             | 2038-12-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY OPER PA                       | Americold Realty Operating Partnership LP                                 | CUSIP: 03063UAB7<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |    275000 | PA      | $275397.94    | 0.24%             | 2032-05-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                             | Dominican Republic International Bond                                     | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    275000 | PA      | $276760.00    | 0.24%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| KREF 2022-Fl3 Ltd                              | KREF 2022-FL3 Ltd                                                         | CUSIP: 48275EAA4<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    307255 | PA      | $307239.33    | 0.27%             | 2039-02-17      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                          | Freedom Mortgage Holdings LLC                                             | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    280000 | PA      | $283451.56    | 0.25%             | 2031-05-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT              | EURO-BUND                                                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -31 | NC      | $-55857.67    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                            | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    550000 | PA      | $557597.30    | 0.49%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                | AREIT 2025-CRE10 Ltd                                                      | CUSIP: 00193DAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $298357.29    | 0.26%             | 2030-01-17      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Freddie Mac STACR REMIC Trust 2021-HQA3                                   | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |    425000 | PA      | $439287.06    | 0.38%             | 2041-09-25      | Floating      | 10.60%                | No            |                  2 | On Loan: No      |
| DOBANK SPA                                     | doValue SpA                                                               | CUSIP: 000000000<br>LEI: 8156007AF7DB5FE05555 | Long             | DBT              | CORP              | IT        |    150000 | PA      | $175726.45    | 0.15%             | 2030-02-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TierPoint Issuer LLC                           | TierPoint Issuer LLC                                                      | CUSIP: 88651CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     66667 | PA      | $66803.62     | 0.06%             | 2053-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | WELLS FARGO & CO                                                          | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506388.27    | 0.44%             | 2029-04-23      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                            | Petroleos Mexicanos                                                       | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $419590.19    | 0.37%             | 2027-04-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: —       |
| Sound Point EURO CLO Funding D                 | Sound Point Euro CLO X Funding DAC                                        | CUSIP: 000000000<br>LEI: 635400YEKGN7SV65BD82 | Long             | ABS-CBDO         | CORP              | IE        |    350000 | PA      | $396665.61    | 0.35%             | 2038-04-20      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                        | CARS-DB4 LP                                                               | CUSIP: 12510HAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $193125.14    | 0.17%             | 2050-02-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| JDAC 0 08/15/29                                | JDAC 0 08/15/29                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $208684.83    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT              | EURO-BOBL                                                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -23 | NC      | $-48605.96    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| MADISON IAQ LLC                                | Madison IAQ LLC                                                           | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    250000 | PA      | $236750.83    | 0.21%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                           | FS Rialto 2025-FL10 Issuer LLC                                            | CUSIP: 30340KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    600000 | PA      | $593604.72    | 0.52%             | 2042-08-19      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                    | Extended Stay America Trust 2021-ESH                                      | CUSIP: 30227FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    558663 | PA      | $552853.31    | 0.48%             | 2038-07-15      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO X Ltd                              | Elmwood CLO X Ltd                                                         | CUSIP: 29002VAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998780.00    | 0.87%             | 2034-04-20      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Driven Brands Funding, LLC                     | Driven Brands Funding LLC                                                 | CUSIP: 26208LAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    365902 | PA      | $363545.04    | 0.32%             | 2049-04-20      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                           | Capstone Copper Corp                                                      | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $122911.10    | 0.11%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2019-HRP1                             | CUSIP: 20754PAC4<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | CORP              | US        |     87227 | PA      | $87392.01     | 0.08%             | 2039-11-25      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| GALAXY BIDCO LTD                               | Galaxy Bidco Ltd                                                          | CUSIP: 000000000<br>LEI: 2138006O8YW3QCHKDY76 | Long             | DBT              | CORP              | GB        |    125000 | PA      | $166959.93    | 0.15%             | 2029-12-19      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CUMULUS STATIC CLO                             | Cumulus Static CLO 2024-1 DAC                                             | CUSIP: 000000000<br>LEI: 2549005ZFHRHIZ9ONM43 | Long             | ABS-CBDO         | CORP              | IE        |    250000 | PA      | $283006.32    | 0.25%             | 2033-11-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Connecticut Avenue Securities Trust 2022-R09                              | CUSIP: 20753DAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $533739.60    | 0.47%             | 2042-09-25      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-23

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer