# EDGAR Filing Document

**Accession Number:** 0000787623
**File Stem:** 0001410368-25-007618
**Filing Date:** 2025-9
**Character Count:** 503619
**Document Hash:** 341794eab09362afc18d81b19a5658a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-007618.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0001410368-25-007618

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250922

**DATE AS OF CHANGE**: 20250922

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRANSAMERICA FUNDS
- **CENTRAL INDEX KEY:** 0000787623

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04556
- **FILM NUMBER:** 251328868

**BUSINESS ADDRESS:**
- **STREET 1:** 1801 CALIFORNIA STREET
- **STREET 2:** SUITE 5200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 720-482-8836

**MAIL ADDRESS:**
- **STREET 1:** 1801 CALIFORNIA STREET
- **STREET 2:** SUITE 5200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRANSAMERICA IDEX MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20040301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDEX MUTUAL FDS
- **DATE OF NAME CHANGE:** 20010504

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDEX MUTUAL FUNDS /
- **DATE OF NAME CHANGE:** 20010423

## Series and Classes Contracts Data

### Transamerica Strategic Income (Series ID: S000047479)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000149082 | A            | TUNAX           |
| C000149084 | I            | TUNIX           |
| C000149085 | I2           |  |
| C000263010 | R6           | TUNRX           |

## Nport-Ex

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS**

**At July 31, 2025**

**(unaudited)**

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES - 44.3%**  | **CORPORATE DEBT SECURITIES - 44.3%**  | **CORPORATE DEBT SECURITIES - 44.3%**  |
| **Aerospace & Defense - 0.3%**  | **Aerospace & Defense - 0.3%**  | **Aerospace & Defense - 0.3%**  |
| Boeing Co. |  |  |
| 5.15%, 05/01/2030 | $273000 | $277333 |
| 6.26%, 05/01/2027 | 37000 | 37945 |
| General Electric Co. |  |  |
| 4.90%, 01/29/2036 | 21000 | 20929 |
| L3Harris Technologies, Inc. |  |  |
| 5.25%, 06/01/2031 | 45000 | 46316 |
| 5.40%, 07/31/2033 | 40000 | 41054 |
| Lockheed Martin Corp. |  |  |
| 4.70%, 12/15/2031 | 59000 | 59394 |
| Northrop Grumman Corp. |  |  |
| 4.90%, 06/01/2034 | 311000 | 309272 |
|  |  | 792243 |
| **Automobiles - 0.2%**  | **Automobiles - 0.2%**  | **Automobiles - 0.2%**  |
| General Motors Co. |  |  |
| 5.35%, 04/15/2028 | 49000 | 49796 |
| General Motors Financial Co., Inc. |  |  |
| 5.60%, 06/18/2031 | 127000 | 129592 |
| 5.75%, 02/08/2031 | 15000 | 15429 |
| Hyundai Capital America |  |  |
| 4.85%, 03/25/2027 <sup>(A)</sup> <br>| 33000 | 33103 |
| 4.88%, 11/01/2027 <sup>(A)</sup> <br>| 63000 | 63163 |
| 5.40%, 06/23/2032 <sup>(A)</sup> <br>| 48000 | 48733 |
| JB Poindexter & Co., Inc. |  |  |
| 8.75%, 12/15/2031 <sup>(A)</sup> <br>| 41000 | 41932 |
|  |  | 381748 |
| **Banks - 7.1%**  | **Banks - 7.1%**  | **Banks - 7.1%**  |
| ABQ Finance Ltd. |  |  |
| 2.00%, 07/06/2026 <sup>(B)</sup> <br>| 200000 | 195126 |
| Banco de Credito e Inversiones SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/08/2029 <sup>(C)</sup>, <br>8.75% <sup>(A)</sup><sup>(D)</sup> <br>| 755000 | 811248 |
| Banco Mercantil del Norte SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/20/2035 <sup>(C)</sup>, <br>8.75% <sup>(A)</sup><sup>(D)</sup> <br>| 1500000 | 1535460 |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/21/2033 <sup>(C)</sup>, <br>9.63% <sup>(D)</sup> <br>| 800000 | 944858 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/08/2032, <br>3.85% <sup>(D)</sup>, 03/08/2037<br>| 400000 | 366641 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/27/2032, <br>4.57% <sup>(D)</sup>, 04/27/2033<br>| 244000 | 240218 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/24/2030, <br>5.16% <sup>(D)</sup>, 01/24/2031<br>| 317000 | 324320 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/15/2034, <br>5.43% <sup>(D)</sup>, 08/15/2035<br>| 51000 | 51092 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/25/2034, <br>5.52% <sup>(D)</sup>, 10/25/2035<br>| 164000 | 164158 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/12/2035, <br>5.74% <sup>(D)</sup>, 02/12/2036<br>| 28000 | 28485 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/15/2026, <br>5.93% <sup>(D)</sup>, 09/15/2027<br>| 296000 | 300454 |
| Bank of East Asia Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 10/21/2025 <sup>(C)</sup>, <br>5.83% <sup>(B)</sup><sup>(D)</sup><sup>(E)</sup> <br>| 250000 | 249750 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Bank of New York Mellon Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/11/2030, <br>4.94% <sup>(D)</sup>, 02/11/2031<br>| $92000 | $93697 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/04/2032, <br>4.59% <sup>(D)</sup>, 05/04/2037<br>| 89000 | 84478 |
| 5.65%, 02/01/2034 | 48000 | 50301 |
| BankUnited, Inc. |  |  |
| 5.13%, 06/11/2030 | 78000 | 77244 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/10/2029, <br>4.94% <sup>(D)</sup>, 09/10/2030<br>| 200000 | 201414 |
| &nbsp;&nbsp;&nbsp; Fixed until 12/15/2025 <sup>(C)</sup>, <br>6.13% <sup>(D)</sup> <br>| 220000 | 220275 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/19/2029, <br>5.28% <sup>(D)</sup>, 11/19/2030 <sup>(A)</sup> <br>| 128000 | 130394 |
| BW Real Estate, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/30/2030 <sup>(C)</sup>, <br>9.50% <sup>(A)</sup><sup>(D)</sup> <br>| 1000000 | 1008626 |
| Citigroup, Inc. |  |  |
| 4.45%, 09/29/2027 | 100000 | 99719 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/19/2029, <br>4.54% <sup>(D)</sup>, 09/19/2030<br>| 84000 | 83659 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/24/2032, <br>4.91% <sup>(D)</sup>, 05/24/2033<br>| 296000 | 295394 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/19/2034, <br>5.41% <sup>(D)</sup>, 09/19/2039<br>| 126000 | 123365 |
| Citizens Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/23/2031, <br>5.72% <sup>(D)</sup>, 07/23/2032<br>| 124000 | 127935 |
| Cooperatieve Rabobank UA |  |  |
| 4.88%, 01/21/2028 | 250000 | 254057 |
| Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/27/2030, <br>5.22% <sup>(D)</sup>, 05/27/2031 <sup>(A)</sup> <br>| 250000 | 254084 |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/18/2028, <br>6.72% <sup>(D)</sup>, 01/18/2029<br>| 250000 | 261810 |
| Fifth Third Bank NA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/28/2027, <br>4.97% <sup>(D)</sup>, 01/28/2028<br>| 250000 | 251506 |
| First Abu Dhabi Bank PJSC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 10/04/2028, <br>6.32% <sup>(D)</sup>, 04/04/2034 <sup>(B)</sup> <br>| 200000 | 206250 |
| First Citizens BancShares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 12/12/2034, <br>6.25% <sup>(D)</sup>, 03/12/2040<br>| 33000 | 33011 |
| First Horizon Bank |  |  |
| 5.75%, 05/01/2030 | 250000 | 255369 |
| FNB Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 12/11/2029, <br>5.72% <sup>(D)</sup> <br>| 74000 | 74515 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/10/2026, <br>1.54% <sup>(D)</sup>, 09/10/2027<br>| 192000 | 185547 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/21/2031, <br>2.38% <sup>(D)</sup>, 07/21/2032<br>| 279000 | 243723 |

---

**Transamerica Funds**

**Page 1**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Goldman Sachs Group, Inc. (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/01/2028, <br>4.22% <sup>(D)</sup>, 05/01/2029<br>| $61000 | $60626 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/23/2029, <br>4.69% <sup>(D)</sup>, 10/23/2030<br>| 35000 | 34973 |
| 6.75%, 10/01/2037 | 48000 | 52716 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/09/2028, <br>6.16% <sup>(D)</sup>, 03/09/2029<br>| 200000 | 207436 |
| ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/25/2028, <br>4.86% <sup>(D)</sup>, 03/25/2029<br>| 200000 | 201729 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/08/2031, <br>2.55% <sup>(D)</sup>, 11/08/2032<br>| 327000 | 287489 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/01/2027, <br>3.54% <sup>(D)</sup>, 05/01/2028<br>| 242000 | 238087 |
| 4.13%, 12/15/2026 | 62000 | 61768 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/22/2027, <br>4.51% <sup>(D)</sup>, 10/22/2028<br>| 53000 | 53062 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/23/2035, <br>5.58% <sup>(D)</sup>, 07/23/2036<br>| 56000 | 56725 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/23/2033, <br>6.25% <sup>(D)</sup>, 10/23/2034<br>| 105000 | 113944 |
| KeyCorp |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 04/04/2030, <br>5.12% <sup>(D)</sup>, 04/04/2031 <sup>(E)</sup> <br>| 42000 | 42451 |
| M&T Bank Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/30/2030, <br>5.40% <sup>(D)</sup>, 07/30/2035<br>| 45000 | 45068 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/22/2030, <br>5.48% <sup>(D)</sup>, 02/22/2031<br>| 400000 | 412762 |
| Mizuho Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/26/2034, <br>5.58% <sup>(D)</sup>, 05/26/2035<br>| 200000 | 204613 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/16/2031, <br>2.48% <sup>(D)</sup>, 09/16/2036<br>| 53000 | 45177 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/01/2030, <br>3.62% <sup>(D)</sup>, 04/01/2031<br>| 249000 | 238503 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/18/2029, <br>4.65% <sup>(D)</sup>, 10/18/2030<br>| 22000 | 22044 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/20/2032, <br>5.30% <sup>(D)</sup>, 04/20/2037<br>| 28000 | 28004 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/19/2034, <br>5.32% <sup>(D)</sup>, 07/19/2035<br>| 43000 | 43541 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/07/2034, <br>5.94% <sup>(D)</sup>, 02/07/2039<br>| 68000 | 70213 |
| Nbk Tier 2 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/24/2025, <br>2.50% <sup>(D)</sup>, 11/24/2030 <sup>(B)</sup><sup>(E)</sup> <br>| 330000 | 325651 |
| Regions Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/06/2034, <br>5.50% <sup>(D)</sup>, 09/06/2035<br>| 43000 | 43310 |
| &nbsp;&nbsp;&nbsp; Fixed until 06/06/2029, <br>5.72% <sup>(D)</sup>, 06/06/2030<br>| 58000 | 59942 |
| 7.38%, 12/10/2037 | 14000 | 15732 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/27/2027, <br>4.72% <sup>(D)</sup>, 03/27/2028<br>| $91000 | $91348 |
| 4.90%, 01/12/2028 | 146000 | 148056 |
| Shinhan Bank Co. Ltd. |  |  |
| 4.50%, 03/26/2028 <sup>(B)</sup> <br>| 200000 | 198528 |
| SNB Sukuk Ltd. |  |  |
| 5.13%, 02/27/2029 <sup>(B)</sup> <br>| 200000 | 202929 |
| Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 08/15/2027 <sup>(C)</sup>, <br>7.75% <sup>(B)</sup><sup>(D)</sup> <br>| 200000 | 208043 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/08/2032, <br>4.95% <sup>(D)</sup>, 07/08/2033<br>| 200000 | 200130 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/08/2045, <br>5.80% <sup>(D)</sup>, 07/08/2046<br>| 130000 | 129104 |
| Texas Capital Bancshares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/06/2026, <br>4.00% <sup>(D)</sup>, 05/06/2031<br>| 147000 | 144044 |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/03/2031, <br>2.49% <sup>(D)</sup>, 11/03/2036<br>| 217000 | 184214 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/12/2027, <br>4.75% <sup>(D)</sup>, 05/12/2028 <sup>(A)</sup> <br>| 275000 | 275907 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/12/2031 <sup>(C)</sup>, <br>7.75% <sup>(A)</sup><sup>(D)</sup><sup>(E)</sup> <br>| 413000 | 440235 |
| United Overseas Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 10/14/2026, <br>2.00% <sup>(D)</sup>, 10/14/2031 <sup>(B)</sup> <br>| 200000 | 193696 |
| Walker & Dunlop, Inc. |  |  |
| 6.63%, 04/01/2033 <sup>(A)</sup> <br>| 150000 | 152930 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/11/2030, <br>2.57% <sup>(D)</sup>, 02/11/2031<br>| 51000 | 46760 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/30/2029, <br>2.88% <sup>(D)</sup>, 10/30/2030<br>| 22000 | 20551 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/23/2034, <br>5.50% <sup>(D)</sup>, 01/23/2035<br>| 20000 | 20495 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/22/2027, <br>5.71% <sup>(D)</sup>, 04/22/2028<br>| 375000 | 382313 |
| Zions Bancorp NA |  |  |
| 3.25%, 10/29/2029 | 275000 | 252931 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/19/2034, <br>6.82% <sup>(D)</sup>, 11/19/2035<br>| 252000 | 263068 |
|  |  | 16349031 |
| **Beverages - 0.3%**  | **Beverages - 0.3%**  | **Beverages - 0.3%**  |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 3.50%, 06/01/2030 | 258000 | 248095 |
| Constellation Brands, Inc. |  |  |
| 4.35%, 05/09/2027 | 24000 | 23921 |
| PepsiCo, Inc. |  |  |
| 1.95%, 10/21/2031 | 311000 | 268905 |
| 4.45%, 02/07/2028 | 61000 | 61499 |
| 4.65%, 07/23/2032 | 46000 | 45963 |
|  |  | 648383 |

---

**Transamerica Funds**

**Page 2**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Biotechnology - 0.2%**  | **Biotechnology - 0.2%**  | **Biotechnology - 0.2%**  |
| Amgen, Inc. |  |  |
| 5.15%, 03/02/2028 | $263000 | $267822 |
| Gilead Sciences, Inc. |  |  |
| 4.80%, 11/15/2029 | 61000 | 61975 |
| 5.10%, 06/15/2035 | 42000 | 42296 |
| Royalty Pharma PLC |  |  |
| 2.15%, 09/02/2031 | 116000 | 99382 |
| 5.15%, 09/02/2029 | 40000 | 40735 |
|  |  | 512210 |
| **Building Products - 0.2%**  | **Building Products - 0.2%**  | **Building Products - 0.2%**  |
| Lennox International, Inc. |  |  |
| 5.50%, 09/15/2028 | 64000 | 65690 |
| Martin Marietta Materials, Inc. |  |  |
| 2.40%, 07/15/2031 | 41000 | 36021 |
| Owens Corning |  |  |
| 5.50%, 06/15/2027 | 40000 | 40683 |
| Standard Industries, Inc. |  |  |
| 3.38%, 01/15/2031 <sup>(A)</sup> <br>| 260000 | 232266 |
|  |  | 374660 |
| **Capital Markets - 0.0% \*** | **Capital Markets - 0.0% \*** | **Capital Markets - 0.0% \*** |
| HAT Holdings I LLC/HAT Holdings II LLC |  |  |
| 3.38%, 06/15/2026 <sup>(A)</sup> <br>| 77000 | 75532 |
| **Chemicals - 1.2%**  | **Chemicals - 1.2%**  | **Chemicals - 1.2%**  |
| Consolidated Energy Finance SA |  |  |
| 5.63%, 10/15/2028 <sup>(A)</sup> <br>| 205000 | 171663 |
| Eastman Chemical Co. |  |  |
| 5.75%, 03/08/2033 | 140000 | 145401 |
| Ecolab, Inc. |  |  |
| 4.30%, 06/15/2028 | 25000 | 25050 |
| 5.25%, 01/15/2028 | 107000 | 109667 |
| FMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 08/01/2030, <br>8.45% <sup>(D)</sup>, 11/01/2055<br>| 1500000 | 1550748 |
| Methanex Corp. |  |  |
| 5.25%, 12/15/2029 | 4000 | 3962 |
| Methanex U.S. Operations, Inc. |  |  |
| 6.25%, 03/15/2032 <sup>(A)</sup> <br>| 280000 | 277549 |
| Minerals Technologies, Inc. |  |  |
| 5.00%, 07/01/2028 <sup>(A)</sup> <br>| 200000 | 196886 |
| Nutrien Ltd. |  |  |
| 4.90%, 03/27/2028 | 116000 | 117251 |
| 5.20%, 06/21/2027 | 40000 | 40467 |
| Sherwin-Williams Co. |  |  |
| 4.80%, 09/01/2031 | 35000 | 35229 |
| 5.15%, 08/15/2035 | 74000 | 73818 |
| Trinseo Luxco Finance SPV SARL/Trinseo <br> NA Finance SPV LLC |  |  |
| &nbsp;&nbsp;&nbsp; PIK Rate 2.50%, Cash Rate 5.13%, <br>05/03/2029 <sup>(A)</sup><sup>(F)</sup> <br>| 117243 | 66242 |
|  |  | 2813933 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Commercial Services & Supplies - 1.8%**  | **Commercial Services & Supplies - 1.8%**  | **Commercial Services & Supplies - 1.8%**  |
| Avis Budget Car Rental LLC/Avis Budget <br> Finance, Inc. |  |  |
| 5.38%, 03/01/2029 <sup>(A)</sup><sup>(E)</sup> <br>| $154000 | $147441 |
| 8.38%, 06/15/2032 <sup>(A)</sup> <br>| 65000 | 67054 |
| Block, Inc. |  |  |
| 6.50%, 05/15/2032 | 150000 | 153928 |
| Boost Newco Borrower LLC |  |  |
| 7.50%, 01/15/2031 <sup>(A)</sup> <br>| 200000 | 211462 |
| Champions Financing, Inc. |  |  |
| 8.75%, 02/15/2029 <sup>(A)</sup><sup>(E)</sup> <br>| 220000 | 203701 |
| Deluxe Corp. |  |  |
| 8.00%, 06/01/2029 <sup>(A)</sup> <br>| 303000 | 290709 |
| DP World Crescent Ltd. |  |  |
| 5.50%, 05/08/2035 <sup>(A)</sup> <br>| 200000 | 204491 |
| EquipmentShare.com, Inc. |  |  |
| 8.00%, 03/15/2033 <sup>(A)</sup> <br>| 276000 | 288147 |
| GXO Logistics, Inc. |  |  |
| 6.25%, 05/06/2029 | 43000 | 44726 |
| Herc Holdings, Inc. |  |  |
| 7.00%, 06/15/2030 <sup>(A)</sup> <br>| 68000 | 70280 |
| 7.25%, 06/15/2033 <sup>(A)</sup> <br>| 145000 | 150150 |
| Hertz Corp. |  |  |
| 4.63%, 12/01/2026 <sup>(A)</sup><sup>(E)</sup> <br>| 129000 | 116679 |
| 12.63%, 07/15/2029 <sup>(A)</sup><sup>(E)</sup> <br>| 85000 | 88802 |
| Mobius Merger Sub, Inc. |  |  |
| 9.00%, 06/01/2030 <sup>(A)</sup> <br>| 275000 | 252355 |
| Prime Security Services <br> Borrower LLC/Prime Finance, Inc. |  |  |
| 6.25%, 01/15/2028 <sup>(A)</sup> <br>| 199000 | 198986 |
| Quanta Services, Inc. |  |  |
| 2.35%, 01/15/2032 | 58000 | 50047 |
| 2.90%, 10/01/2030 | 12000 | 11031 |
| 5.25%, 08/09/2034 | 66000 | 66693 |
| Republic Services, Inc. |  |  |
| 4.75%, 07/15/2030 | 68000 | 69051 |
| S&P Global, Inc. |  |  |
| 2.70%, 03/01/2029 | 379000 | 358383 |
| Shift4 Payments LLC/Shift4 Payments <br> Finance Sub, Inc. |  |  |
| 6.75%, 08/15/2032 <sup>(A)</sup> <br>| 149000 | 153916 |
| Triton Container International Ltd. |  |  |
| 3.15%, 06/15/2031 <sup>(A)</sup> <br>| 401000 | 347913 |
| Veritiv Operating Co. |  |  |
| 10.50%, 11/30/2030 <sup>(A)</sup> <br>| 185000 | 200517 |
| VM Consolidated, Inc. |  |  |
| 5.50%, 04/15/2029 <sup>(A)</sup> <br>| 250000 | 245415 |
| Waste Connections, Inc. |  |  |
| 5.25%, 09/01/2035 | 22000 | 22316 |
| Waste Management, Inc. |  |  |
| 4.95%, 07/03/2027 | 78000 | 79069 |
| WEX, Inc. |  |  |
| 6.50%, 03/15/2033 <sup>(A)</sup> <br>| 156000 | 158001 |
|  |  | 4251263 |
| **Communications Equipment - 1.7%**  | **Communications Equipment - 1.7%**  | **Communications Equipment - 1.7%**  |
| Altice Financing SA |  |  |
| 5.00%, 01/15/2028 <sup>(A)</sup> <br>| 530000 | 424773 |

---

**Transamerica Funds**

**Page 3**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Communications Equipment (continued)** | **Communications Equipment (continued)** | **Communications Equipment (continued)** |
| AT&T, Inc. |  |  |
| 4.10%, 02/15/2028 | $325000 | $322753 |
| 5.40%, 02/15/2034 | 20000 | 20439 |
| Bell Telephone Co. of Canada or Bell <br> Canada |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 06/15/2030, <br>6.88% <sup>(D)</sup>, 09/15/2055<br>| 135000 | 137351 |
| &nbsp;&nbsp;&nbsp; Fixed until 06/15/2035, <br>7.00% <sup>(D)</sup>, 09/15/2055<br>| 316000 | 320705 |
| Cisco Systems, Inc. |  |  |
| 5.10%, 02/24/2035 | 143000 | 145382 |
| Connect Finco SARL/Connect <br> U.S. Finco LLC |  |  |
| 9.00%, 09/15/2029 <sup>(A)</sup> <br>| 200000 | 201962 |
| Iliad Holding SASU |  |  |
| 7.00%, 04/15/2032 <sup>(A)</sup> <br>| 404000 | 414661 |
| Motorola Solutions, Inc. |  |  |
| 5.55%, 08/15/2035 | 45000 | 45901 |
| Rogers Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/14/2030, <br>7.00% <sup>(D)</sup>, 04/15/2055<br>| 95000 | 97125 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/14/2035, <br>7.13% <sup>(D)</sup>, 04/15/2055<br>| 102000 | 104377 |
| Sable International Finance Ltd. |  |  |
| 7.13%, 10/15/2032 <sup>(A)</sup> <br>| 400000 | 400015 |
| SoftBank Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/19/2027 <sup>(C)</sup>, <br>6.88% <sup>(B)</sup><sup>(D)</sup> <br>| 200000 | 198242 |
| Telesat Canada/Telesat LLC |  |  |
| 4.88%, 06/01/2027 <sup>(A)</sup> <br>| 155000 | 95712 |
| T-Mobile USA, Inc. |  |  |
| 3.38%, 04/15/2029 | 249000 | 239061 |
| Verizon Communications, Inc. |  |  |
| 4.02%, 12/03/2029 | 285000 | 280071 |
| 4.50%, 08/10/2033 | 95000 | 91880 |
| 5.25%, 04/02/2035 | 82000 | 82330 |
| Viasat, Inc. |  |  |
| 6.50%, 07/15/2028 <sup>(A)</sup> <br>| 125000 | 117825 |
| 7.50%, 05/30/2031 <sup>(A)</sup><sup>(E)</sup> <br>| 92000 | 80105 |
| Zayo Group Holdings, Inc. |  |  |
| 6.13%, 03/01/2028 <sup>(A)</sup><sup>(E)</sup> <br>| 225000 | 203320 |
|  |  | 4023990 |
| **Construction & Engineering - 0.3%**  | **Construction & Engineering - 0.3%**  | **Construction & Engineering - 0.3%**  |
| Ashton Woods USA LLC/Ashton Woods <br> Finance Co. |  |  |
| 6.88%, 08/01/2033 <sup>(A)</sup> <br>| 215000 | 214541 |
| IHS Holding Ltd. |  |  |
| 8.25%, 11/29/2031 <sup>(A)</sup><sup>(E)</sup> <br>| 200000 | 203834 |
| Lennar Corp. |  |  |
| 5.20%, 07/30/2030 | 31000 | 31581 |
| MasTec, Inc. |  |  |
| 5.90%, 06/15/2029 | 55000 | 56831 |
| Mattamy Group Corp. |  |  |
| 4.63%, 03/01/2030 <sup>(A)</sup> <br>| 206000 | 197628 |
|  |  | 704415 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Consumer Staples Distribution & Retail - 1.2%**  | **Consumer Staples Distribution & Retail - 1.2%**  | **Consumer Staples Distribution & Retail - 1.2%**  |
| AutoNation, Inc. |  |  |
| 5.89%, 03/15/2035 | $21000 | $21274 |
| AutoZone, Inc. |  |  |
| 5.10%, 07/15/2029 | 21000 | 21470 |
| Brinker International, Inc. |  |  |
| 8.25%, 07/15/2030 <sup>(A)</sup> <br>| 175000 | 185635 |
| CEC Entertainment LLC |  |  |
| 6.75%, 05/01/2026 <sup>(A)</sup> <br>| 340000 | 337515 |
| Darden Restaurants, Inc. |  |  |
| 4.35%, 10/15/2027 | 31000 | 30938 |
| El Puerto de Liverpool SAB de CV |  |  |
| 6.26%, 01/22/2032 <sup>(A)</sup> <br>| 200000 | 207730 |
| FirstCash, Inc. |  |  |
| 4.63%, 09/01/2028 <sup>(A)</sup> <br>| 200000 | 195540 |
| Home Depot, Inc. |  |  |
| 4.90%, 04/15/2029 | 41000 | 41897 |
| Kohl's Corp. |  |  |
| 5.13%, 05/01/2031 <sup>(E)</sup> <br>| 486000 | 350096 |
| LBM Acquisition LLC |  |  |
| 6.25%, 01/15/2029 <sup>(A)</sup><sup>(E)</sup> <br>| 232000 | 203580 |
| McDonald's Corp. |  |  |
| 4.80%, 08/14/2028 | 300000 | 304340 |
| Murphy Oil USA, Inc. |  |  |
| 4.75%, 09/15/2029 | 200000 | 195552 |
| O'Reilly Automotive, Inc. |  |  |
| 3.60%, 09/01/2027 | 28000 | 27528 |
| 5.75%, 11/20/2026 | 41000 | 41601 |
| Park River Holdings, Inc. |  |  |
| 6.75%, 08/01/2029 <sup>(A)</sup><sup>(E)</sup> <br>| 280000 | 244424 |
| QXO Building Products, Inc. |  |  |
| 6.75%, 04/30/2032 <sup>(A)</sup> <br>| 119000 | 122543 |
| Raising Cane's Restaurants LLC |  |  |
| 9.38%, 05/01/2029 <sup>(A)</sup> <br>| 120000 | 126614 |
| Walmart, Inc. |  |  |
| 3.95%, 09/09/2027 | 151000 | 150758 |
|  |  | 2809035 |
| **Containers & Packaging - 0.7%**  | **Containers & Packaging - 0.7%**  | **Containers & Packaging - 0.7%**  |
| Amcor Flexibles North America, Inc. |  |  |
| 2.69%, 05/25/2031 | 180000 | 161173 |
| 5.10%, 03/17/2030 <sup>(A)</sup> <br>| 25000 | 25357 |
| &nbsp;&nbsp; Ardagh Metal Packaging Finance <br> USA LLC/Ardagh Metal Packaging <br>Finance PLC |  |  |
| 4.00%, 09/01/2029 <sup>(A)</sup><sup>(E)</sup> <br>| 200000 | 182170 |
| Clydesdale Acquisition Holdings, Inc. |  |  |
| 6.75%, 04/15/2032 <sup>(A)</sup> <br>| 25000 | 25608 |
| 8.75%, 04/15/2030 <sup>(A)</sup> <br>| 219000 | 223506 |
| Crown Americas LLC |  |  |
| 5.25%, 04/01/2030 | 140000 | 141527 |
| 5.88%, 06/01/2033 <sup>(A)</sup> <br>| 70000 | 70130 |
| Iris Holding, Inc. |  |  |
| 10.00%, 12/15/2028 <sup>(A)</sup> <br>| 210000 | 195202 |
| Mauser Packaging Solutions Holding Co. |  |  |
| 7.88%, 08/15/2026 - 04/15/2027 <sup>(A)</sup> <br>| 113000 | 113245 |
| Packaging Corp. of America |  |  |
| 5.70%, 12/01/2033 | 171000 | 177907 |

---

**Transamerica Funds**

**Page 4**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Containers & Packaging (continued)** | **Containers & Packaging (continued)** | **Containers & Packaging (continued)** |
| Silgan Holdings, Inc. |  |  |
| 4.13%, 02/01/2028 | $100000 | $97132 |
| Sonoco Products Co. |  |  |
| 4.60%, 09/01/2029 | 98000 | 97516 |
| 5.00%, 09/01/2034 | 50000 | 48613 |
|  |  | 1559086 |
| **Diversified REITs - 0.3%**  | **Diversified REITs - 0.3%**  | **Diversified REITs - 0.3%**  |
| American Tower Corp. |  |  |
| 2.30%, 09/15/2031 | 55000 | 47707 |
| 3.13%, 01/15/2027 | 57000 | 55809 |
| 5.20%, 02/15/2029 | 113000 | 115276 |
| Crown Castle, Inc. |  |  |
| 5.00%, 01/11/2028 | 92000 | 92771 |
| 5.60%, 06/01/2029 | 41000 | 42276 |
| Weyerhaeuser Co. |  |  |
| 4.00%, 04/15/2030 | 208000 | 202561 |
| 4.75%, 05/15/2026 | 68000 | 68080 |
|  |  | 624480 |
| **Electric Utilities - 3.8%**  | **Electric Utilities - 3.8%**  | **Electric Utilities - 3.8%**  |
| AES Andes SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/10/2030, <br>8.15% <sup>(D)</sup>, 06/10/2055 <sup>(A)</sup> <br>| 500000 | 523516 |
| AES Corp. |  |  |
| 5.45%, 06/01/2028 | 45000 | 45725 |
| Algonquin Power & Utilities Corp. |  |  |
| 5.37%, 06/15/2026 | 22000 | 22117 |
| Ameren Corp. |  |  |
| 5.70%, 12/01/2026 | 346000 | 350678 |
| Atlantica Sustainable Infrastructure Ltd. |  |  |
| 4.13%, 06/15/2028 <sup>(A)</sup> <br>| 200000 | 193137 |
| Berkshire Hathaway Energy Co. |  |  |
| 3.25%, 04/15/2028 | 162000 | 157880 |
| Calpine Corp. |  |  |
| 5.00%, 02/01/2031 <sup>(A)</sup> <br>| 285000 | 281700 |
| Clean Renewable Power Mauritius Pte. <br> Ltd. |  |  |
| 4.25%, 03/25/2027 <sup>(B)</sup> <br>| 241500 | 234983 |
| Clearway Energy Operating LLC |  |  |
| 3.75%, 01/15/2032 <sup>(A)</sup> <br>| 235000 | 208753 |
| Commonwealth Edison Co. |  |  |
| 5.95%, 06/01/2055 | 13000 | 13473 |
| Diamond II Ltd. |  |  |
| 7.95%, 07/28/2026 <sup>(B)</sup> <br>| 250000 | 252082 |
| DTE Energy Co. |  |  |
| 4.88%, 06/01/2028 | 149000 | 150566 |
| Entergy Texas, Inc. |  |  |
| 5.25%, 04/15/2035 | 28000 | 28268 |
| EUSHI Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/15/2029, <br>7.63% <sup>(D)</sup>, 12/15/2054<br>| 450000 | 470172 |
| Evergy Kansas Central, Inc. |  |  |
| 4.70%, 03/13/2028 | 17000 | 17114 |
| FirstEnergy Pennsylvania Electric Co. |  |  |
| 5.20%, 04/01/2028 <sup>(A)</sup> <br>| 95000 | 96697 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| Florida Power & Light Co. |  |  |
| 5.15%, 06/15/2029 | $78000 | $80291 |
| Kentucky Power Co. |  |  |
| 7.00%, 11/15/2033 <sup>(A)</sup> <br>| 100000 | 107049 |
| Minejesa Capital BV |  |  |
| 4.63%, 08/10/2030 <sup>(B)</sup> <br>| 181562 | 179351 |
| 5.63%, 08/10/2037 <sup>(B)</sup> <br>| 200000 | 195646 |
| Narragansett Electric Co. |  |  |
| 5.35%, 05/01/2034 <sup>(A)</sup> <br>| 45000 | 45545 |
| National Rural Utilities Cooperative <br> Finance Corp. |  |  |
| 4.12%, 09/16/2027 | 78000 | 77743 |
| 4.75%, 02/07/2028 | 57000 | 57484 |
| New York State Electric & Gas Corp. |  |  |
| 5.85%, 08/15/2033 <sup>(A)</sup> <br>| 22000 | 23073 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 4.69%, 09/01/2027 <sup>(G)</sup> <br>| 31000 | 31152 |
| 5.30%, 03/15/2032 | 79000 | 81084 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/15/2035, <br>6.50% <sup>(D)</sup>, 08/15/2055<br>| 769000 | 793659 |
| NRG Energy, Inc. |  |  |
| 3.63%, 02/15/2031 <sup>(A)</sup> <br>| 455000 | 416512 |
| PacifiCorp |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 06/17/2030, <br>7.38% <sup>(D)</sup>, 09/15/2055<br>| 1269000 | 1299150 |
| Pattern Energy Operations LP/Pattern <br> Energy Operations, Inc. |  |  |
| 4.50%, 08/15/2028 <sup>(A)</sup> <br>| 315000 | 305387 |
| PG&E Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 12/15/2029, <br>7.38% <sup>(D)</sup>, 03/15/2055<br>| 1000000 | 964982 |
| PPL Capital Funding, Inc. |  |  |
| 5.25%, 09/01/2034 | 25000 | 25213 |
| Public Service Co. of Colorado |  |  |
| 3.70%, 06/15/2028 | 284000 | 279680 |
| Public Service Electric & Gas Co. |  |  |
| 4.85%, 08/01/2034 | 22000 | 21905 |
| Trans-Allegheny Interstate Line Co. |  |  |
| 5.00%, 01/15/2031 <sup>(A)</sup> <br>| 35000 | 35455 |
| Vistra Operations Co. LLC |  |  |
| 7.75%, 10/15/2031 <sup>(A)</sup> <br>| 215000 | 227554 |
| Wisconsin Power & Light Co. |  |  |
| 3.95%, 09/01/2032 | 37000 | 34933 |
| XPLR Infrastructure Operating Partners LP |  |  |
| 7.25%, 01/15/2029 <sup>(A)</sup><sup>(E)</sup> <br>| 375000 | 382426 |
|  |  | 8712135 |
| **Electrical Equipment - 0.1%**  | **Electrical Equipment - 0.1%**  | **Electrical Equipment - 0.1%**  |
| EnerSys |  |  |
| 4.38%, 12/15/2027 <sup>(A)</sup> <br>| 150000 | 147343 |
| WESCO Distribution, Inc. |  |  |
| 6.38%, 03/15/2033 <sup>(A)</sup> <br>| 147000 | 150493 |
|  |  | 297836 |

---

**Transamerica Funds**

**Page 5**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Electronic Equipment, Instruments & Components - 0.4%**  | **Electronic Equipment, Instruments & Components - 0.4%**  | **Electronic Equipment, Instruments & Components - 0.4%**  |
| Allegion U.S. Holding Co., Inc. |  |  |
| 5.41%, 07/01/2032 | $116000 | $119138 |
| 5.60%, 05/29/2034 | 89000 | 90966 |
| Honeywell International, Inc. |  |  |
| 1.75%, 09/01/2031 | 19000 | 16167 |
| 4.95%, 09/01/2031 | 36000 | 36737 |
| Imola Merger Corp. |  |  |
| 4.75%, 05/15/2029 <sup>(A)</sup> <br>| 185000 | 179493 |
| Trimble, Inc. |  |  |
| 6.10%, 03/15/2033 | 228000 | 241532 |
| TTM Technologies, Inc. |  |  |
| 4.00%, 03/01/2029 <sup>(A)</sup> <br>| 210000 | 199881 |
| Tyco Electronics Group SA |  |  |
| 5.00%, 05/09/2035 | 85000 | 85066 |
| Vontier Corp. |  |  |
| 2.95%, 04/01/2031 | 51000 | 45842 |
|  |  | 1014822 |
| **Energy Equipment & Services - 0.5%**  | **Energy Equipment & Services - 0.5%**  | **Energy Equipment & Services - 0.5%**  |
| Archrock Partners LP/Archrock Partners <br> Finance Corp. |  |  |
| 6.25%, 04/01/2028 <sup>(A)</sup> <br>| 170000 | 169990 |
| 6.63%, 09/01/2032 <sup>(A)</sup> <br>| 95000 | 96409 |
| Greenko Dutch BV |  |  |
| 3.85%, 03/29/2026 <sup>(B)</sup> <br>| 220000 | 216512 |
| Halliburton Co. |  |  |
| 4.75%, 08/01/2043 | 51000 | 44000 |
| India Cleantech Energy |  |  |
| 4.70%, 08/10/2026 <sup>(B)</sup> <br>| 197500 | 194300 |
| Kodiak Gas Services LLC |  |  |
| 7.25%, 02/15/2029 <sup>(A)</sup> <br>| 185000 | 189466 |
| Weatherford International Ltd. |  |  |
| 8.63%, 04/30/2030 <sup>(A)</sup> <br>| 195000 | 200326 |
|  |  | 1111003 |
| **Financial Services - 1.7%**  | **Financial Services - 1.7%**  | **Financial Services - 1.7%**  |
| Air Lease Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 06/15/2026 <sup>(C)</sup>, <br>4.65% <sup>(D)</sup> <br>| 129000 | 127429 |
| Aircastle Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 06/15/2026 <sup>(C)</sup>, <br>5.25% <sup>(A)</sup><sup>(D)</sup> <br>| 120000 | 119170 |
| Ally Financial, Inc. |  |  |
| 6.70%, 02/14/2033 <sup>(E)</sup> <br>| 380000 | 394618 |
| American Express Co. |  |  |
| 4.20%, 11/06/2025 | 55000 | 54952 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/20/2032, <br>4.92% <sup>(D)</sup>, 07/20/2033<br>| 31000 | 31100 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/30/2030, <br>5.09% <sup>(D)</sup>, 01/30/2031<br>| 52000 | 53106 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/16/2027, <br>5.10% <sup>(D)</sup>, 02/16/2028<br>| 165000 | 166510 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/25/2035, <br>5.67% <sup>(D)</sup>, 04/25/2036<br>| 37000 | 38388 |
| Bread Financial Holdings, Inc. |  |  |
| 9.75%, 03/15/2029 <sup>(A)</sup> <br>| 112000 | 120150 |
| Capital One Financial Corp. |  |  |
| 3.75%, 07/28/2026 | 68000 | 67367 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** |
| Charles Schwab Corp. |  |  |
| 2.45%, 03/03/2027 | $21000 | $20397 |
| Cobra AcquisitionCo LLC |  |  |
| 6.38%, 11/01/2029 <sup>(A)</sup> <br>| 325000 | 283454 |
| Credit Acceptance Corp. |  |  |
| 6.63%, 03/15/2030 <sup>(A)</sup> <br>| 205000 | 207597 |
| EZCORP, Inc. |  |  |
| 7.38%, 04/01/2032 <sup>(A)</sup> <br>| 120000 | 124975 |
| Focus Financial Partners LLC |  |  |
| 6.75%, 09/15/2031 <sup>(A)</sup> <br>| 200000 | 204383 |
| goeasy Ltd. |  |  |
| 6.88%, 05/15/2030 <sup>(A)</sup> <br>| 10000 | 10019 |
| 7.63%, 07/01/2029 <sup>(A)</sup> <br>| 218000 | 224485 |
| Jane Street Group/JSG Finance, Inc. |  |  |
| 6.13%, 11/01/2032 <sup>(A)</sup> <br>| 129000 | 127989 |
| 6.75%, 05/01/2033 <sup>(A)</sup> <br>| 29000 | 29678 |
| 7.13%, 04/30/2031 <sup>(A)</sup> <br>| 215000 | 222057 |
| Mastercard, Inc. |  |  |
| 4.35%, 01/15/2032 | 71000 | 70319 |
| Nomura Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/15/2030 <sup>(C)</sup>, <br>7.00% <sup>(D)</sup> <br>| 200000 | 202511 |
| Phoenix Aviation Capital Ltd. |  |  |
| 9.25%, 07/15/2030 <sup>(A)</sup> <br>| 153000 | 160314 |
| Planet Financial Group LLC |  |  |
| 10.50%, 12/15/2029 <sup>(A)</sup> <br>| 200000 | 204079 |
| Shriram Finance Ltd. |  |  |
| 6.63%, 04/22/2027 <sup>(B)</sup> <br>| 200000 | 203842 |
| Synchrony Financial |  |  |
| 5.15%, 03/19/2029 | 95000 | 95420 |
| &nbsp;&nbsp;&nbsp; Fixed until 03/06/2030, <br>5.45% <sup>(D)</sup>, 03/06/2031<br>| 28000 | 28195 |
| VFH Parent LLC/Valor Co-Issuer, Inc. |  |  |
| 7.50%, 06/15/2031 <sup>(A)</sup> <br>| 200000 | 208091 |
| Voya Financial, Inc. |  |  |
| 5.00%, 09/20/2034 | 27000 | 26370 |
|  |  | 3826965 |
| **Food Products - 1.3%**  | **Food Products - 1.3%**  | **Food Products - 1.3%**  |
| Albertsons Cos., Inc./Safeway, Inc./New <br> Albertsons LP |  |  |
| 4.63%, 01/15/2027 <sup>(A)</sup> <br>| 315000 | 312447 |
| 6.25%, 03/15/2033 <sup>(A)</sup> <br>| 65000 | 66253 |
| C&S Group Enterprises LLC |  |  |
| 5.00%, 12/15/2028 <sup>(A)</sup> <br>| 240000 | 214625 |
| Hershey Co. |  |  |
| 4.55%, 02/24/2028 | 35000 | 35342 |
| Hormel Foods Corp. |  |  |
| 4.80%, 03/30/2027 | 62000 | 62427 |
| &nbsp;&nbsp; JBS USA Holding LUX SARL/JBS USA <br> Foods Group Holdings, Inc./JBS USA <br>Food Co. |  |  |
| 5.50%, 01/15/2036 <sup>(A)</sup> <br>| 200000 | 199186 |
| Kellanova |  |  |
| 7.45%, 04/01/2031 | 113000 | 128577 |
| Kraft Heinz Foods Co. |  |  |
| 5.20%, 03/15/2032 <sup>(E)</sup> <br>| 35000 | 35250 |

---

**Transamerica Funds**

**Page 6**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Food Products (continued)** | **Food Products (continued)** | **Food Products (continued)** |
| Kroger Co. |  |  |
| 5.00%, 09/15/2034 | $33000 | $32644 |
| Land O'Lakes, Inc. |  |  |
| 7.00%, 09/18/2028 <sup>(A)</sup><sup>(C)</sup> <br>| 1770000 | 1474587 |
| Mars, Inc. |  |  |
| 4.65%, 04/20/2031 <sup>(A)</sup> <br>| 68000 | 68295 |
| Performance Food Group, Inc. |  |  |
| 5.50%, 10/15/2027 <sup>(A)</sup> <br>| 200000 | 199692 |
| Sysco Corp. |  |  |
| 5.10%, 09/23/2030 | 69000 | 70456 |
|  |  | 2899781 |
| **Gas Utilities - 0.6%**  | **Gas Utilities - 0.6%**  | **Gas Utilities - 0.6%**  |
| AltaGas Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/17/2034, <br>7.20% <sup>(D)</sup>, 10/15/2054 <sup>(A)</sup> <br>| 1000000 | 1007663 |
| KeySpan Gas East Corp. |  |  |
| 5.99%, 03/06/2033 <sup>(A)</sup> <br>| 62000 | 64243 |
| Venture Global Plaquemines LNG LLC |  |  |
| 7.50%, 05/01/2033 <sup>(A)</sup> <br>| 28000 | 30238 |
| 7.75%, 05/01/2035 <sup>(A)</sup> <br>| 162000 | 177628 |
|  |  | 1279772 |
| **Health Care Equipment & Supplies - 0.4%**  | **Health Care Equipment & Supplies - 0.4%**  | **Health Care Equipment & Supplies - 0.4%**  |
| Agilent Technologies, Inc. |  |  |
| 2.30%, 03/12/2031 | 116000 | 102509 |
| 2.75%, 09/15/2029 | 89000 | 83201 |
| GE HealthCare Technologies, Inc. |  |  |
| 5.50%, 06/15/2035 | 23000 | 23477 |
| 5.65%, 11/15/2027 | 100000 | 102524 |
| Insulet Corp. |  |  |
| 6.50%, 04/01/2033 <sup>(A)</sup> <br>| 145000 | 149049 |
| Medline Borrower LP |  |  |
| 3.88%, 04/01/2029 <sup>(A)</sup> <br>| 240000 | 228882 |
| Sotera Health Holdings LLC |  |  |
| 7.38%, 06/01/2031 <sup>(A)</sup> <br>| 102000 | 105516 |
| Thermo Fisher Scientific, Inc. |  |  |
| 5.00%, 01/31/2029 | 41000 | 41949 |
|  |  | 837107 |
| **Health Care Providers & Services - 0.9%**  | **Health Care Providers & Services - 0.9%**  | **Health Care Providers & Services - 0.9%**  |
| Cigna Group |  |  |
| 2.38%, 03/15/2031 | 38000 | 33667 |
| 4.38%, 10/15/2028 | 40000 | 39858 |
| Concentra Health Services, Inc. |  |  |
| 6.88%, 07/15/2032 <sup>(A)</sup> <br>| 203000 | 208580 |
| DaVita, Inc. |  |  |
| 6.75%, 07/15/2033 <sup>(A)</sup> <br>| 200000 | 206258 |
| Elevance Health, Inc. |  |  |
| 2.88%, 09/15/2029 | 145000 | 135870 |
| HCA, Inc. |  |  |
| 3.38%, 03/15/2029 | 12000 | 11506 |
| 3.50%, 09/01/2030 | 113000 | 106522 |
| 5.45%, 04/01/2031 | 45000 | 46252 |
| 5.50%, 03/01/2032 | 52000 | 53369 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** |
| Humana, Inc. |  |  |
| 4.88%, 04/01/2030 | $82000 | $82417 |
| 5.88%, 03/01/2033 | 418000 | 432238 |
| Molina Healthcare, Inc. |  |  |
| 6.25%, 01/15/2033 <sup>(A)</sup> <br>| 250000 | 246652 |
| Quest Diagnostics, Inc. |  |  |
| 5.00%, 12/15/2034 | 62000 | 61578 |
| Roche Holdings, Inc. |  |  |
| 5.49%, 11/13/2030 <sup>(A)</sup> <br>| 243000 | 255213 |
| Select Medical Corp. |  |  |
| 6.25%, 12/01/2032 <sup>(A)</sup><sup>(E)</sup> <br>| 160000 | 159586 |
| UnitedHealth Group, Inc. |  |  |
| 4.90%, 04/15/2031 | 48000 | 48503 |
| 5.15%, 07/15/2034 | 51000 | 51147 |
|  |  | 2179216 |
| **Hotel & Resort REITs - 0.2%**  | **Hotel & Resort REITs - 0.2%**  | **Hotel & Resort REITs - 0.2%**  |
| Service Properties Trust |  |  |
| 8.88%, 06/15/2032 | 375000 | 392113 |
| **Hotels, Restaurants & Leisure - 2.1%**  | **Hotels, Restaurants & Leisure - 2.1%**  | **Hotels, Restaurants & Leisure - 2.1%**  |
| Banijay Entertainment SAS |  |  |
| 8.13%, 05/01/2029 <sup>(A)</sup> <br>| 200000 | 207404 |
| Carnival Corp. |  |  |
| 5.75%, 08/01/2032 <sup>(A)</sup> <br>| 30000 | 30203 |
| 6.00%, 05/01/2029 <sup>(A)</sup> <br>| 439000 | 442893 |
| 6.13%, 02/15/2033 <sup>(A)</sup> <br>| 45000 | 45798 |
| Champion Path Holdings Ltd. |  |  |
| 4.85%, 01/27/2028 <sup>(B)</sup><sup>(E)</sup> <br>| 200000 | 194083 |
| Flutter Treasury DAC |  |  |
| 5.88%, 06/04/2031 <sup>(A)</sup> <br>| 210000 | 211385 |
| Fortune Star BVI Ltd. |  |  |
| 5.05%, 01/27/2027 <sup>(B)</sup> <br>| 250000 | 243736 |
| Gohl Capital Ltd. |  |  |
| 4.25%, 01/24/2027 <sup>(B)</sup> <br>| 200000 | 198291 |
| &nbsp;&nbsp; Hilton Grand Vacations <br> Borrower LLC/Hilton Grand Vacations <br>Borrower, Inc. |  |  |
| 5.00%, 06/01/2029 <sup>(A)</sup> <br>| 315000 | 301480 |
| Marriott International, Inc. |  |  |
| 2.85%, 04/15/2031 | 155000 | 140509 |
| 5.50%, 04/15/2037 | 28000 | 27954 |
| Melco Resorts Finance Ltd. |  |  |
| 5.38%, 12/04/2029 <sup>(A)</sup> <br>| 225000 | 214554 |
| 5.38%, 12/04/2029 <sup>(B)</sup> <br>| 200000 | 190714 |
| NCL Corp. Ltd. |  |  |
| 6.75%, 02/01/2032 <sup>(A)</sup> <br>| 10000 | 10271 |
| 7.75%, 02/15/2029 <sup>(A)</sup> <br>| 435000 | 461463 |
| Ontario Gaming GTA LP/OTG Co-Issuer, <br> Inc. |  |  |
| 8.00%, 08/01/2030 <sup>(A)</sup> <br>| 250000 | 252856 |
| Royal Caribbean Cruises Ltd. |  |  |
| 6.00%, 02/01/2033 <sup>(A)</sup> <br>| 335000 | 340529 |
| Sands China Ltd. |  |  |
| 2.85%, 03/08/2029 | 200000 | 185075 |
| SeaWorld Parks & Entertainment, Inc. |  |  |
| 5.25%, 08/15/2029 <sup>(A)</sup><sup>(E)</sup> <br>| 250000 | 243338 |

---

**Transamerica Funds**

**Page 7**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** |
| Station Casinos LLC |  |  |
| 6.63%, 03/15/2032 <sup>(A)</sup> <br>| $252000 | $256969 |
| Studio City Finance Ltd. |  |  |
| 5.00%, 01/15/2029 <sup>(B)</sup> <br>| 250000 | 231129 |
| Travel & Leisure Co. |  |  |
| 4.50%, 12/01/2029 <sup>(A)</sup> <br>| 155000 | 148830 |
| Voyager Parent LLC |  |  |
| 9.25%, 07/01/2032 <sup>(A)</sup> <br>| 235000 | 248593 |
| Warnermedia Holdings, Inc. |  |  |
| 4.28%, 03/15/2032 <sup>(E)</sup> <br>| 41000 | 34429 |
|  |  | 4862486 |
| **Industrial REITs - 0.0% \*** | **Industrial REITs - 0.0% \*** | **Industrial REITs - 0.0% \*** |
| Goodman U.S. Finance Six LLC |  |  |
| 5.13%, 10/07/2034 <sup>(A)</sup> <br>| 25000 | 24804 |
| **Insurance - 2.0%**  | **Insurance - 2.0%**  | **Insurance - 2.0%**  |
| Acrisure LLC/Acrisure Finance, Inc. |  |  |
| 6.75%, 07/01/2032 <sup>(A)</sup> <br>| 213000 | 215662 |
| Alliant Holdings Intermediate LLC/Alliant <br> Holdings Co-Issuer |  |  |
| 6.50%, 10/01/2031 <sup>(A)</sup> <br>| 205000 | 207978 |
| Aon North America, Inc. |  |  |
| 5.30%, 03/01/2031 | 287000 | 295650 |
| Arthur J Gallagher & Co. |  |  |
| 4.85%, 12/15/2029 | 37000 | 37327 |
| 5.45%, 07/15/2034 | 180000 | 183347 |
| Athene Global Funding |  |  |
| 1.73%, 10/02/2026 <sup>(A)</sup> <br>| 43000 | 41542 |
| 4.86%, 08/27/2026 <sup>(A)</sup> <br>| 71000 | 71248 |
| 5.32%, 11/13/2031 <sup>(A)</sup> <br>| 109000 | 109645 |
| &nbsp;&nbsp; Baldwin Insurance Group <br> Holdings LLC/Baldwin Insurance Group <br>Holdings Finance |  |  |
| 7.13%, 05/15/2031 <sup>(A)</sup> <br>| 160000 | 165194 |
| Chubb INA Holdings LLC |  |  |
| 4.65%, 08/15/2029 | 113000 | 114457 |
| F&G Annuities & Life, Inc. |  |  |
| 6.25%, 10/04/2034 <sup>(E)</sup> <br>| 17000 | 16911 |
| Global Atlantic Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/15/2029, <br>7.95% <sup>(D)</sup>, 10/15/2054 <sup>(A)</sup> <br>| 700000 | 731504 |
| Hanwha Life Insurance Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 06/24/2030, <br>6.30% <sup>(D)</sup>, 06/24/2055 <sup>(A)</sup><sup>(E)</sup> <br>| 200000 | 205890 |
| &nbsp;&nbsp; Howden U.K. Refinance PLC/Howden U.K. <br> Refinance 2 PLC/Howden <br>U.S. Refinance LLC |  |  |
| 7.25%, 02/15/2031 <sup>(A)</sup> <br>| 265000 | 274403 |
| Jones Deslauriers Insurance Management, <br> Inc. |  |  |
| 8.50%, 03/15/2030 <sup>(A)</sup> <br>| 185000 | 195184 |
| Liberty Mutual Group, Inc. |  |  |
| 4.30%, 02/01/2061 <sup>(A)</sup> <br>| 1822000 | 1118460 |
| Marsh & McLennan Cos., Inc. |  |  |
| 4.55%, 11/08/2027 | 53000 | 53310 |
| Northwestern Mutual Global Funding |  |  |
| 4.35%, 09/15/2027 <sup>(A)</sup> <br>| 45000 | 45120 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Panther Escrow Issuer LLC |  |  |
| 7.13%, 06/01/2031 <sup>(A)</sup> <br>| $185000 | $191308 |
| Sumitomo Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/18/2034 <sup>(C)</sup>, <br>5.88% <sup>(A)</sup><sup>(D)</sup> <br>| 205000 | 204387 |
| Willis North America, Inc. |  |  |
| 4.65%, 06/15/2027 | 100000 | 100481 |
|  |  | 4579008 |
| **Internet & Catalog Retail - 1.0%**  | **Internet & Catalog Retail - 1.0%**  | **Internet & Catalog Retail - 1.0%**  |
| Alibaba Group Holding Ltd. |  |  |
| 5.25%, 05/26/2035 <sup>(B)</sup> <br>| 200000 | 202964 |
| Alphabet, Inc. |  |  |
| 0.80%, 08/15/2027 | 192000 | 180154 |
| Amazon.com, Inc. |  |  |
| 3.30%, 04/13/2027 | 51000 | 50274 |
| 4.65%, 12/01/2029 | 341000 | 347072 |
| Cogent Communications <br> Group LLC/Cogent Finance, Inc. |  |  |
| 7.00%, 06/15/2027 <sup>(A)</sup> <br>| 250000 | 250239 |
| Gen Digital, Inc. |  |  |
| 6.25%, 04/01/2033 <sup>(A)</sup> <br>| 33000 | 33643 |
| 7.13%, 09/30/2030 <sup>(A)</sup> <br>| 140000 | 144685 |
| GrubHub Holdings, Inc. |  |  |
| 5.50%, 07/01/2027 <sup>(A)</sup> <br>| 224000 | 219247 |
| ION Trading Technologies SARL |  |  |
| 5.75%, 05/15/2028 <sup>(A)</sup> <br>| 200000 | 193417 |
| Match Group Holdings II LLC |  |  |
| 3.63%, 10/01/2031 <sup>(A)</sup> <br>| 48000 | 42950 |
| 4.13%, 08/01/2030 <sup>(A)</sup> <br>| 138000 | 128702 |
| Meituan |  |  |
| 4.63%, 10/02/2029 <sup>(A)</sup> <br>| 200000 | 199475 |
| Netflix, Inc. |  |  |
| 4.88%, 04/15/2028 | 162000 | 164558 |
| Rakuten Group, Inc. |  |  |
| 9.75%, 04/15/2029 <sup>(A)</sup> <br>| 250000 | 273729 |
|  |  | 2431109 |
| **IT Services - 0.6%**  | **IT Services - 0.6%**  | **IT Services - 0.6%**  |
| Accenture Capital, Inc. |  |  |
| 4.50%, 10/04/2034 | 41000 | 39676 |
| Apple, Inc. |  |  |
| 1.40%, 08/05/2028 | 341000 | 315292 |
| Booz Allen Hamilton, Inc. |  |  |
| 5.95%, 04/15/2035 <sup>(E)</sup> <br>| 38000 | 38796 |
| CA Magnum Holdings |  |  |
| 5.38%, 10/31/2026 <sup>(B)</sup> <br>| 265000 | 263322 |
| Dell International LLC/EMC Corp. |  |  |
| 4.35%, 02/01/2030 | 95000 | 93995 |
| 4.75%, 04/01/2028 | 79000 | 79631 |
| Fortress Intermediate 3, Inc. |  |  |
| 7.50%, 06/01/2031 <sup>(A)</sup> <br>| 150000 | 157423 |
| Hewlett Packard Enterprise Co. |  |  |
| 4.45%, 09/25/2026 | 35000 | 34963 |
| IBM International Capital Pte. Ltd. |  |  |
| 4.75%, 02/05/2031 | 166000 | 167242 |

---

**Transamerica Funds**

**Page 8**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **IT Services (continued)** | **IT Services (continued)** | **IT Services (continued)** |
| Kyndryl Holdings, Inc. |  |  |
| 3.15%, 10/15/2031 | $47000 | $42123 |
| Leidos, Inc. |  |  |
| 5.50%, 03/15/2035 | 44000 | 44413 |
| Seagate Data Storage Technology Pte. <br> Ltd. |  |  |
| 8.50%, 07/15/2031 <sup>(A)</sup> <br>| 150000 | 158418 |
|  |  | 1435294 |
| **Machinery - 0.7%**  | **Machinery - 0.7%**  | **Machinery - 0.7%**  |
| AGCO Corp. |  |  |
| 5.45%, 03/21/2027 | 90000 | 90702 |
| Caterpillar Financial Services Corp. |  |  |
| 4.38%, 08/16/2029 <sup>(E)</sup> <br>| 30000 | 30121 |
| 4.40%, 03/03/2028 | 81000 | 81343 |
| 4.70%, 11/15/2029 | 78000 | 79139 |
| 5.00%, 05/14/2027 | 27000 | 27353 |
| Caterpillar, Inc. |  |  |
| 1.90%, 03/12/2031 | 311000 | 273632 |
| CNH Industrial Capital LLC |  |  |
| 5.10%, 04/20/2029 | 279000 | 283560 |
| Deere & Co. |  |  |
| 5.45%, 01/16/2035 | 250000 | 259469 |
| John Deere Capital Corp. |  |  |
| 1.45%, 01/15/2031 | 180000 | 155137 |
| 4.40%, 09/08/2031 | 71000 | 70597 |
| 4.55%, 06/05/2030 | 62000 | 62320 |
| 4.90%, 03/07/2031 | 40000 | 40713 |
| 4.95%, 07/14/2028 | 27000 | 27607 |
| nVent Finance SARL |  |  |
| 2.75%, 11/15/2031 | 127000 | 110789 |
|  |  | 1592482 |
| **Media - 1.6%**  | **Media - 1.6%**  | **Media - 1.6%**  |
| Belo Corp. |  |  |
| 7.75%, 06/01/2027 | 200000 | 206854 |
| Cable One, Inc. |  |  |
| 4.00%, 11/15/2030 <sup>(A)</sup><sup>(E)</sup> <br>| 284000 | 218691 |
| CCO Holdings LLC/CCO Holdings Capital <br> Corp. |  |  |
| 4.25%, 01/15/2034 <sup>(A)</sup><sup>(E)</sup> <br>| 165000 | 142173 |
| 4.75%, 03/01/2030 <sup>(A)</sup> <br>| 395000 | 375326 |
| &nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter Communications <br>Operating Capital |  |  |
| 2.80%, 04/01/2031 | 157000 | 139087 |
| 3.50%, 06/01/2041 | 73000 | 52010 |
| 6.10%, 06/01/2029 | 58000 | 60503 |
| Comcast Corp. |  |  |
| 4.15%, 10/15/2028 | 136000 | 135146 |
| Cox Communications, Inc. |  |  |
| 5.45%, 09/15/2028 - 09/01/2034 <sup>(A)</sup> <br>| 99000 | 98647 |
| CSC Holdings LLC |  |  |
| 4.13%, 12/01/2030 <sup>(A)</sup> <br>| 235000 | 157977 |
| 5.75%, 01/15/2030 <sup>(A)</sup> <br>| 200000 | 98607 |
| Discovery Communications LLC |  |  |
| 3.63%, 05/15/2030 | 21000 | 18602 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| Neptune Bidco U.S., Inc. |  |  |
| 9.29%, 04/15/2029 <sup>(A)</sup> <br>| $350000 | $338723 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/28/2027, <br>6.25% <sup>(D)</sup>, 02/28/2057<br>| 283000 | 272741 |
| Sirius XM Radio LLC |  |  |
| 3.88%, 09/01/2031 <sup>(A)</sup><sup>(E)</sup> <br>| 460000 | 405823 |
| Sunrise FinCo I BV |  |  |
| 4.88%, 07/15/2031 <sup>(A)</sup> <br>| 200000 | 188520 |
| Univision Communications, Inc. |  |  |
| 8.50%, 07/31/2031 <sup>(A)</sup> <br>| 210000 | 213270 |
| 9.38%, 08/01/2032 <sup>(A)</sup> <br>| 115000 | 119324 |
| Virgin Media Finance PLC |  |  |
| 5.00%, 07/15/2030 <sup>(A)</sup> <br>| 400000 | 360573 |
| Walt Disney Co. |  |  |
| 2.00%, 09/01/2029 | 71000 | 64976 |
|  |  | 3667573 |
| **Metals & Mining - 1.4%**  | **Metals & Mining - 1.4%**  | **Metals & Mining - 1.4%**  |
| Antofagasta PLC |  |  |
| 6.25%, 05/02/2034 <sup>(B)</sup> <br>| 200000 | 209331 |
| ATI, Inc. |  |  |
| 5.13%, 10/01/2031 | 50000 | 48537 |
| 7.25%, 08/15/2030 | 150000 | 157242 |
| Capstone Copper Corp. |  |  |
| 6.75%, 03/31/2033 <sup>(A)</sup> <br>| 144000 | 146757 |
| Cleveland-Cliffs, Inc. |  |  |
| 5.88%, 06/01/2027 | 10000 | 10007 |
| 7.00%, 03/15/2032 <sup>(A)</sup><sup>(E)</sup> <br>| 325000 | 317073 |
| 7.38%, 05/01/2033 <sup>(A)</sup> <br>| 10000 | 9736 |
| Commercial Metals Co. |  |  |
| 3.88%, 02/15/2031 | 200000 | 184181 |
| Fortescue Treasury Pty. Ltd. |  |  |
| 4.38%, 04/01/2031 <sup>(A)</sup> <br>| 380000 | 356022 |
| Hudbay Minerals, Inc. |  |  |
| 6.13%, 04/01/2029 <sup>(A)</sup> <br>| 100000 | 100559 |
| Minera Mexico SA de CV |  |  |
| 5.63%, 02/12/2032 <sup>(A)</sup> <br>| 200000 | 202880 |
| Mineral Resources Ltd. |  |  |
| 9.25%, 10/01/2028 <sup>(A)</sup> <br>| 476000 | 497493 |
| NCIG Holdings Pty. Ltd. |  |  |
| 12.50% <sup>(H)</sup>, 08/26/2031 <sup>(B)</sup> <br>| 100000 | 108934 |
| Nucor Corp. |  |  |
| 5.10%, 06/01/2035 | 62000 | 62165 |
| South32 Treasury Ltd. |  |  |
| 4.35%, 04/14/2032 <sup>(A)</sup> <br>| 181000 | 169784 |
| Steel Dynamics, Inc. |  |  |
| 5.38%, 08/15/2034 | 40000 | 40498 |
| Vale Overseas Ltd. |  |  |
| 6.40%, 06/28/2054 | 200000 | 196407 |
| Vedanta Resources Finance II PLC |  |  |
| 10.88%, 09/17/2029 <sup>(B)</sup> <br>| 200000 | 204373 |
| Windfall Mining Group, Inc./Groupe Minier <br> Windfall, Inc. |  |  |
| 5.85%, 05/13/2032 <sup>(A)</sup> <br>| 200000 | 204481 |
|  |  | 3226460 |

---

**Transamerica Funds**

**Page 9**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Mortgage Real Estate Investment Trusts - 0.5%**  | **Mortgage Real Estate Investment Trusts - 0.5%**  | **Mortgage Real Estate Investment Trusts - 0.5%**  |
| Apollo Commercial Real Estate Finance, <br> Inc. |  |  |
| 4.63%, 06/15/2029 <sup>(A)</sup><sup>(E)</sup> <br>| $320000 | $303942 |
| Arbor Realty SR, Inc. |  |  |
| 7.88%, 07/15/2030 <sup>(A)</sup> <br>| 280000 | 285935 |
| Blackstone Mortgage Trust, Inc. |  |  |
| 7.75%, 12/01/2029 <sup>(A)</sup> <br>| 157000 | 165963 |
| &nbsp;&nbsp; Ladder Capital Finance <br> Holdings LLLP/Ladder Capital Finance <br>Corp. |  |  |
| 4.75%, 06/15/2029 <sup>(A)</sup> <br>| 210000 | 203871 |
| Starwood Property Trust, Inc. |  |  |
| 6.50%, 07/01/2030 <sup>(A)</sup> <br>| 170000 | 174858 |
|  |  | 1134569 |
| **Oil, Gas & Consumable Fuels - 4.9%**  | **Oil, Gas & Consumable Fuels - 4.9%**  | **Oil, Gas & Consumable Fuels - 4.9%**  |
| Antero Midstream Partners LP/Antero <br> Midstream Finance Corp. |  |  |
| 5.75%, 01/15/2028 <sup>(A)</sup> <br>| 170000 | 169738 |
| Baytex Energy Corp. |  |  |
| 7.38%, 03/15/2032 <sup>(A)</sup><sup>(E)</sup> <br>| 192000 | 185676 |
| Cheniere Energy Partners LP |  |  |
| 5.55%, 10/30/2035 <sup>(A)</sup> <br>| 36000 | 36182 |
| Chevron Corp. |  |  |
| 2.24%, 05/11/2030 | 307000 | 279300 |
| Civitas Resources, Inc. |  |  |
| 8.63%, 11/01/2030 <sup>(A)</sup> <br>| 133000 | 135691 |
| 9.63%, 06/15/2033 <sup>(A)</sup> <br>| 80000 | 82286 |
| Comstock Resources, Inc. |  |  |
| 5.88%, 01/15/2030 <sup>(A)</sup> <br>| 165000 | 155758 |
| Crescent Energy Finance LLC |  |  |
| 7.63%, 04/01/2032 <sup>(A)</sup> <br>| 193000 | 188601 |
| 8.38%, 01/15/2034 <sup>(A)</sup> <br>| 75000 | 74232 |
| Delek Logistics Partners LP/Delek <br> Logistics Finance Corp. |  |  |
| 7.38%, 06/30/2033 <sup>(A)</sup> <br>| 165000 | 163108 |
| 8.63%, 03/15/2029 <sup>(A)</sup> <br>| 124000 | 129048 |
| Diamondback Energy, Inc. |  |  |
| 5.40%, 04/18/2034 | 193000 | 193457 |
| Enbridge, Inc. |  |  |
| 4.60%, 06/20/2028 | 25000 | 25103 |
| Energy Transfer LP |  |  |
| 4.95%, 05/15/2028 | 162000 | 163919 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/15/2029, <br>8.00% <sup>(D)</sup>, 05/15/2054<br>| 1000000 | 1065285 |
| Enterprise Products Operating LLC |  |  |
| 4.60%, 01/15/2031 | 32000 | 31974 |
| Excelerate Energy LP |  |  |
| 8.00%, 05/15/2030 <sup>(A)</sup> <br>| 190000 | 198902 |
| Expand Energy Corp. |  |  |
| 4.75%, 02/01/2032 | 68000 | 66048 |
| Genesis Energy LP/Genesis Energy <br> Finance Corp. |  |  |
| 8.00%, 05/15/2033 | 15000 | 15551 |
| 8.88%, 04/15/2030 | 345000 | 365212 |
| GNL Quintero SA |  |  |
| 4.63%, 07/31/2029 <sup>(B)</sup> <br>| 105920 | 105672 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| Harvest Midstream I LP |  |  |
| 7.50%, 05/15/2032 <sup>(A)</sup> <br>| $445000 | $462548 |
| HF Sinclair Corp. |  |  |
| 5.00%, 02/01/2028 | 30000 | 29926 |
| 6.25%, 01/15/2035 | 43000 | 43751 |
| Hilcorp Energy I LP/Hilcorp Finance Co. |  |  |
| 6.00%, 02/01/2031 <sup>(A)</sup> <br>| 323000 | 311137 |
| 6.25%, 04/15/2032 <sup>(A)</sup> <br>| 50000 | 47999 |
| 7.25%, 02/15/2035 <sup>(A)</sup> <br>| 15000 | 14619 |
| Howard Midstream Energy Partners LLC |  |  |
| 7.38%, 07/15/2032 <sup>(A)</sup> <br>| 260000 | 268820 |
| ITT Holdings LLC |  |  |
| 6.50%, 08/01/2029 <sup>(A)</sup> <br>| 375000 | 357191 |
| KazMunayGas National Co. JSC |  |  |
| 6.38%, 10/24/2048 <sup>(B)</sup> <br>| 200000 | 187269 |
| Kinder Morgan, Inc. |  |  |
| 5.40%, 02/01/2034 | 418000 | 422261 |
| Marathon Petroleum Corp. |  |  |
| 5.70%, 03/01/2035 | 74000 | 75080 |
| Nabors Industries, Inc. |  |  |
| 7.38%, 05/15/2027 <sup>(A)</sup> <br>| 135000 | 136249 |
| NGL Energy Operating LLC/NGL Energy <br> Finance Corp. |  |  |
| 8.13%, 02/15/2029 <sup>(A)</sup> <br>| 95000 | 94010 |
| 8.38%, 02/15/2032 <sup>(A)</sup> <br>| 150000 | 146730 |
| NuStar Logistics LP |  |  |
| 6.38%, 10/01/2030 | 120000 | 123623 |
| Occidental Petroleum Corp. |  |  |
| 6.13%, 01/01/2031 | 274000 | 283355 |
| ONEOK, Inc. |  |  |
| 4.75%, 10/15/2031 | 61000 | 60424 |
| Pertamina Hulu Energi PT |  |  |
| 5.25%, 05/21/2030 <sup>(A)</sup> <br>| 200000 | 202592 |
| Petroleos Mexicanos |  |  |
| 10.00%, 02/07/2033 <sup>(E)</sup> <br>| 727000 | 810685 |
| Pioneer Natural Resources Co. |  |  |
| 5.10%, 03/29/2026 | 28000 | 28104 |
| Raizen Fuels Finance SA |  |  |
| 6.45%, 03/05/2034 <sup>(B)</sup> <br>| 200000 | 198486 |
| Saudi Arabian Oil Co. |  |  |
| 5.88%, 07/17/2064 <sup>(A)</sup> <br>| 200000 | 186108 |
| Strathcona Resources Ltd. |  |  |
| 6.88%, 08/01/2026 <sup>(A)</sup> <br>| 270000 | 270338 |
| Talos Production, Inc. |  |  |
| 9.38%, 02/01/2031 <sup>(A)</sup> <br>| 181000 | 184568 |
| Targa Resources Partners LP/Targa <br> Resources Partners Finance Corp. |  |  |
| 5.50%, 03/01/2030 | 41000 | 41604 |
| TransCanada PipeLines Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/01/2030, <br>7.00% <sup>(D)</sup>, 06/01/2065<br>| 1000000 | 1008392 |
| Transportadora de Gas del Peru SA |  |  |
| 4.25%, 04/30/2028 <sup>(B)</sup> <br>| 120000 | 118768 |
| Valaris Ltd. |  |  |
| 8.38%, 04/30/2030 <sup>(A)</sup> <br>| 250000 | 258223 |
| Venture Global LNG, Inc. |  |  |
| 8.38%, 06/01/2031 <sup>(A)</sup> <br>| 399000 | 412709 |

---

**Transamerica Funds**

**Page 10**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| Vital Energy, Inc. |  |  |
| 7.88%, 04/15/2032 <sup>(A)</sup><sup>(E)</sup> <br>| $255000 | $223816 |
| Warrior Met Coal, Inc. |  |  |
| 7.88%, 12/01/2028 <sup>(A)</sup> <br>| 50000 | 50635 |
| Wildfire Intermediate Holdings LLC |  |  |
| 7.50%, 10/15/2029 <sup>(A)</sup> <br>| 156000 | 155226 |
| Williams Cos., Inc. |  |  |
| 3.75%, 06/15/2027 | 81000 | 79848 |
| 4.63%, 06/30/2030 | 51000 | 50798 |
| Woodside Finance Ltd. |  |  |
| 5.40%, 05/19/2030 | 135000 | 136894 |
|  |  | 11313529 |
| **Paper & Forest Products - 0.2%**  | **Paper & Forest Products - 0.2%**  | **Paper & Forest Products - 0.2%**  |
| Georgia-Pacific LLC |  |  |
| 0.95%, 05/15/2026 <sup>(A)</sup><sup>(E)</sup> <br>| 48000 | 46665 |
| 4.40%, 06/30/2028 <sup>(A)</sup> <br>| 22000 | 22034 |
| Inversiones CMPC SA |  |  |
| 6.13%, 02/26/2034 <sup>(A)</sup> <br>| 200000 | 206712 |
| Magnera Corp. |  |  |
| 4.75%, 11/15/2029 <sup>(A)</sup><sup>(E)</sup> <br>| 194000 | 171465 |
|  |  | 446876 |
| **Passenger Airlines - 0.2%**  | **Passenger Airlines - 0.2%**  | **Passenger Airlines - 0.2%**  |
| Air Canada |  |  |
| 3.88%, 08/15/2026 <sup>(A)</sup> <br>| 125000 | 123659 |
| American Airlines, Inc. |  |  |
| 7.25%, 02/15/2028 <sup>(A)</sup><sup>(E)</sup> <br>| 265000 | 270410 |
| British Airways Pass-Through Trust |  |  |
| 2.90%, 09/15/2036 <sup>(A)</sup> <br>| 14131 | 12776 |
| United Airlines, Inc. |  |  |
| 4.63%, 04/15/2029 <sup>(A)</sup> <br>| 175000 | 170890 |
|  |  | 577735 |
| **Personal Care Products - 0.3%**  | **Personal Care Products - 0.3%**  | **Personal Care Products - 0.3%**  |
| Edgewell Personal Care Co. |  |  |
| 4.13%, 04/01/2029 <sup>(A)</sup> <br>| 250000 | 236433 |
| Kenvue, Inc. |  |  |
| 4.85%, 05/22/2032 | 47000 | 47356 |
| Perrigo Finance Unlimited Co. |  |  |
| 6.13%, 09/30/2032 | 310000 | 313244 |
| Procter & Gamble Co. |  |  |
| 2.85%, 08/11/2027 | 92000 | 89729 |
| 3.95%, 01/26/2028 | 72000 | 71906 |
|  |  | 758668 |
| **Pharmaceuticals - 1.2%**  | **Pharmaceuticals - 1.2%**  | **Pharmaceuticals - 1.2%**  |
| AbbVie, Inc. |  |  |
| 3.20%, 11/21/2029 | 296000 | 282182 |
| 4.95%, 03/15/2031 | 55000 | 56121 |
| Astrazeneca Finance LLC |  |  |
| 4.85%, 02/26/2029 | 89000 | 90600 |
| 4.88%, 03/03/2028 | 72000 | 73175 |
| 4.90%, 03/03/2030 | 73000 | 74604 |
| Becton Dickinson & Co. |  |  |
| 4.30%, 08/22/2032 | 55000 | 53139 |
| 4.69%, 02/13/2028 | 68000 | 68535 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| Cardinal Health, Inc. |  |  |
| 5.13%, 02/15/2029 | $105000 | $107112 |
| Cencora, Inc. |  |  |
| 5.13%, 02/15/2034 | 23000 | 23104 |
| CVS Health Corp. |  |  |
| 5.13%, 07/20/2045 | 155000 | 136007 |
| 5.55%, 06/01/2031 | 92000 | 95302 |
| &nbsp;&nbsp;&nbsp; Fixed until 12/10/2029, <br>7.00% <sup>(D)</sup>, 03/10/2055<br>| 262000 | 269556 |
| Eli Lilly & Co. |  |  |
| 3.10%, 05/15/2027 | 22000 | 21623 |
| 4.75%, 02/12/2030 | 51000 | 51958 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 4.50%, 04/15/2030 | 47000 | 47103 |
| HLF Financing SARL LLC/Herbalife <br> International, Inc. |  |  |
| 4.88%, 06/01/2029 <sup>(A)</sup> <br>| 263000 | 219176 |
| 12.25%, 04/15/2029 <sup>(A)</sup> <br>| 255000 | 276344 |
| McKesson Corp. |  |  |
| 4.95%, 05/30/2032 | 82000 | 82661 |
| Merck & Co., Inc. |  |  |
| 4.30%, 05/17/2030 | 105000 | 105055 |
| Novartis Capital Corp. |  |  |
| 4.00%, 09/18/2031 | 47000 | 46026 |
| Organon & Co./Organon Foreign Debt Co-<br> Issuer BV |  |  |
| 5.13%, 04/30/2031 <sup>(A)</sup> <br>| 200000 | 173023 |
| Pfizer Investment Enterprises Pte. Ltd. |  |  |
| 4.75%, 05/19/2033 | 55000 | 54669 |
| 5.11%, 05/19/2043 | 37000 | 35027 |
| Teva Pharmaceutical Finance Netherlands <br> III BV |  |  |
| 7.88%, 09/15/2029 | 200000 | 218094 |
| Zoetis, Inc. |  |  |
| 5.60%, 11/16/2032 | 28000 | 29469 |
|  |  | 2689665 |
| **Real Estate Management & Development - 0.8%**  | **Real Estate Management & Development - 0.8%**  | **Real Estate Management & Development - 0.8%**  |
| Cushman & Wakefield U.S. Borrower LLC |  |  |
| 6.75%, 05/15/2028 <sup>(A)</sup> <br>| 275000 | 277087 |
| Elect Global Investments Ltd. |  |  |
| 4.85%, 09/02/2025 <sup>(B)</sup><sup>(C)</sup> <br>| 200000 | 132232 |
| GLP China Holdings Ltd. |  |  |
| 2.95%, 03/29/2026 <sup>(B)</sup> <br>| 300000 | 288890 |
| GLP Pte. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/17/2026 <sup>(C)</sup>, <br>4.50% <sup>(B)</sup><sup>(D)</sup> <br>| 200000 | 110042 |
| Greystar Real Estate Partners LLC |  |  |
| 7.75%, 09/01/2030 <sup>(A)</sup> <br>| 110000 | 116292 |
| Kennedy-Wilson, Inc. |  |  |
| 4.75%, 03/01/2029 | 321000 | 301884 |
| Longfor Group Holdings Ltd. |  |  |
| 3.38%, 04/13/2027 <sup>(B)</sup> <br>| 250000 | 231379 |
| NWD MTN Ltd. |  |  |
| 8.63%, 02/08/2028 <sup>(B)</sup><sup>(E)</sup> <br>| 250000 | 165544 |

---

**Transamerica Funds**

**Page 11**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Real Estate Management & Development (continued)** | **Real Estate Management & Development (continued)** | **Real Estate Management & Development (continued)** |
| Yanlord Land HK Co. Ltd. |  |  |
| 5.13%, 05/20/2026 <sup>(B)</sup> <br>| $320000 | $318007 |
|  |  | 1941357 |
| **Residential REITs - 0.0% \*** | **Residential REITs - 0.0% \*** | **Residential REITs - 0.0% \*** |
| ERP Operating LP |  |  |
| 4.95%, 06/15/2032 | 13000 | 13106 |
| **Semiconductors & Semiconductor Equipment - 0.4%**  | **Semiconductors & Semiconductor Equipment - 0.4%**  | **Semiconductors & Semiconductor Equipment - 0.4%**  |
| Applied Materials, Inc. |  |  |
| 4.80%, 06/15/2029 | 245000 | 249577 |
| Broadcom, Inc. |  |  |
| 2.45%, 02/15/2031 <sup>(A)</sup> <br>| 185000 | 165035 |
| 4.90%, 07/15/2032 | 44000 | 44136 |
| Entegris, Inc. |  |  |
| 5.95%, 06/15/2030 <sup>(A)</sup> <br>| 200000 | 201792 |
| Intel Corp. |  |  |
| 4.15%, 08/05/2032 | 40000 | 37632 |
| QUALCOMM, Inc. |  |  |
| 4.75%, 05/20/2032 | 34000 | 34304 |
| Texas Instruments, Inc. |  |  |
| 4.60%, 02/15/2028 | 151000 | 152625 |
|  |  | 885101 |
| **Software - 0.6%**  | **Software - 0.6%**  | **Software - 0.6%**  |
| Adobe, Inc. |  |  |
| 4.75%, 01/17/2028 | 88000 | 89266 |
| 4.85%, 04/04/2027 | 28000 | 28320 |
| Capstone Borrower, Inc. |  |  |
| 8.00%, 06/15/2030 <sup>(A)</sup> <br>| 260000 | 270197 |
| Cloud Software Group, Inc. |  |  |
| 6.50%, 03/31/2029 <sup>(A)</sup> <br>| 306000 | 309025 |
| Fiserv, Inc. |  |  |
| 5.15%, 08/12/2034 | 51000 | 50665 |
| Helios Software Holdings, Inc./ION <br> Corporate Solutions Finance SARL |  |  |
| 4.63%, 05/01/2028 <sup>(A)</sup> <br>| 200000 | 189067 |
| Open Text Corp. |  |  |
| 3.88%, 12/01/2029 <sup>(A)</sup> <br>| 160000 | 149767 |
| Oracle Corp. |  |  |
| 2.30%, 03/25/2028 | 167000 | 158133 |
| 4.70%, 09/27/2034 | 11000 | 10569 |
| Rackspace Finance LLC |  |  |
| 3.50%, 05/15/2028 <sup>(A)</sup> <br>| 401300 | 189614 |
|  |  | 1444623 |
| **Transportation Infrastructure - 0.4%**  | **Transportation Infrastructure - 0.4%**  | **Transportation Infrastructure - 0.4%**  |
| Canadian Pacific Railway Co. |  |  |
| 5.20%, 03/30/2035 <sup>(E)</sup> <br>| 24000 | 24274 |
| CSX Corp. |  |  |
| 3.25%, 06/01/2027 | 63000 | 61785 |
| Federal Express Corp. Pass-Through Trust |  |  |
| 1.88%, 08/20/2035 | 35690 | 30675 |
| Penske Truck Leasing Co. LP/PTL Finance <br> Corp. |  |  |
| 5.25%, 02/01/2030 <sup>(A)</sup> <br>| 82000 | 83644 |
| 5.35%, 03/30/2029 <sup>(A)</sup> <br>| 23000 | 23503 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Transportation Infrastructure (continued)** | **Transportation Infrastructure (continued)** | **Transportation Infrastructure (continued)** |
| &nbsp;&nbsp; Penske Truck Leasing Co. LP/PTL Finance <br> Corp. (continued)<br>|  |  |
| 6.05%, 08/01/2028 <sup>(A)</sup> <br>| $71000 | $73745 |
| 6.20%, 06/15/2030 <sup>(A)</sup> <br>| 98000 | 103920 |
| Ryder System, Inc. |  |  |
| 5.50%, 06/01/2029 | 38000 | 39258 |
| Star Leasing Co. LLC |  |  |
| 7.63%, 02/15/2030 <sup>(A)</sup> <br>| 198000 | 195299 |
| Stonepeak Nile Parent LLC |  |  |
| 7.25%, 03/15/2032 <sup>(A)</sup> <br>| 214000 | 224773 |
|  |  | 860876 |
| &nbsp;&nbsp; **Total Corporate Debt Securities** <br>**(Cost $101,690,913)**<br>|  | 102356080 |
| **LOAN ASSIGNMENTS - 17.9%**  | **LOAN ASSIGNMENTS - 17.9%**  | **LOAN ASSIGNMENTS - 17.9%**  |
| **Aerospace & Defense - 0.1%**  | **Aerospace & Defense - 0.1%**  | **Aerospace & Defense - 0.1%**  |
| &nbsp;&nbsp; Spirit Aerosystems, Inc. <br>Term Loan, <br>3-Month Term SOFR + 4.50%, <br>8.81% <sup>(D)</sup>, 01/15/2027<br>| 314739 | 315230 |
| **Automobile Components - 0.3%**  | **Automobile Components - 0.3%**  | **Automobile Components - 0.3%**  |
| &nbsp;&nbsp; Clarios Global LP <br>Term Loan B, <br>1-Month Term SOFR + 2.75%, <br>7.11% <sup>(D)</sup>, 01/28/2032<br>| 306919 | 307047 |
| &nbsp;&nbsp; First Brands Group LLC <br>Term Loan, <br>3-Month Term SOFR + 5.00%, <br>9.57% <sup>(D)</sup>,03/30/2027<br>| 303678 | 296339  |
|  |  | 603386 |
| **Beverages - 0.1%**  | **Beverages - 0.1%**  | **Beverages - 0.1%**  |
| &nbsp;&nbsp; Pegasus BidCo BV <br>Term Loan B, <br>3-Month Term SOFR + 3.25%, <br>7.58% <sup>(D)</sup>, 07/12/2029<br>| 315587 | 315718 |
| **Building Products - 0.4%**  | **Building Products - 0.4%**  | **Building Products - 0.4%**  |
| &nbsp;&nbsp; Foley Products Co. LLC <br>Term Loan, <br>3-Month Term SOFR + 4.75%, <br>9.05% <sup>(D)</sup>, 12/29/2028<br>| 173600 | 174251 |
| Groundworks LLC |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, <br>1-Month Term SOFR + 3.25%, <br>3.00% <sup>(D)</sup>, 03/14/2031<br>| 5113 | 5112 |
| &nbsp;&nbsp;&nbsp; Term Loan, <br>1-Month Term SOFR + 3.00%, <br>7.35% <sup>(D)</sup>, 03/14/2031<br>| 173633 | 173579 |
| &nbsp;&nbsp; Icebox Holdco III, Inc. <br>1st Lien Term Loan, <br>3-Month Term SOFR + 3.50%, <br>8.06% <sup>(D)</sup>, 12/22/2028<br>| 143553 | 143941 |
| &nbsp;&nbsp; Potters Industries LLC <br>Repriced Term Loan B, <br>3-Month Term SOFR + 3.00%, <br>7.33% <sup>(D)</sup>, 12/14/2027<br>| 197277 | 198140 |

---

**Transamerica Funds**

**Page 12**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Building Products (continued)** | **Building Products (continued)** | **Building Products (continued)** |
| Quikrete Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B, <br>1-Month Term SOFR + 2.25%, <br>6.61% <sup>(D)</sup>, 02/10/2032<br>| $56173 | $56118 |
| &nbsp;&nbsp;&nbsp; Term Loan B1, <br>1-Month Term SOFR + 2.25%, <br>6.61% <sup>(D)</sup>, 04/14/2031<br>| 205408 | 205237 |
|  |  | 956378 |
| **Capital Markets - 0.3%**  | **Capital Markets - 0.3%**  | **Capital Markets - 0.3%**  |
| &nbsp;&nbsp; Dragon Buyer, Inc. <br>Term Loan B, <br>3-Month Term SOFR + 3.00%, <br>7.30% <sup>(D)</sup>, 09/30/2031<br>| 249539 | 249850 |
| &nbsp;&nbsp; NEXUS Buyer LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.50%, <br>7.86% <sup>(D)</sup>, 07/31/2031<br>| 337848 | 338693 |
|  |  | 588543 |
| **Chemicals - 0.1%**  | **Chemicals - 0.1%**  | **Chemicals - 0.1%**  |
| &nbsp;&nbsp; Nouryon Finance BV <br>Term Loan B1, <br>3-Month Term SOFR + 3.25%, <br>7.51% <sup>(D)</sup>, 04/03/2028<br>| 198990 | 198866 |
| **Commercial Services & Supplies - 2.6%**  | **Commercial Services & Supplies - 2.6%**  | **Commercial Services & Supplies - 2.6%**  |
| &nbsp;&nbsp; Action Environmental Group, Inc. <br>Term Loan, <br>3-Month Term SOFR + 3.75%, <br>7.56% <sup>(D)</sup>, 10/24/2030<br>| 339815 | 340665 |
| &nbsp;&nbsp; Allied Universal Holdco LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.75%, <br>8.21% <sup>(D)</sup>, 05/12/2028<br>| 327819 | 328372 |
| &nbsp;&nbsp; Avis Budget Car Rental LLC <br>Term Loan B, <br>1-Month Term SOFR + 2.50%, <br>6.86% <sup>(D)</sup>, 07/16/2032<br>| 323074 | 322266 |
| &nbsp;&nbsp; Belron Finance LLC <br>Term Loan B, <br>3-Month Term SOFR + 2.75%, <br>7.05% <sup>(D)</sup>, 10/16/2031<br>| 113810 | 114059 |
| &nbsp;&nbsp; Crash Champions LLC <br>Term Loan B, <br>3-Month Term SOFR + 4.75%, <br>9.08% <sup>(D)</sup>, 02/23/2029<br>| 198496 | 182451 |
| &nbsp;&nbsp; Creative Artists Agency LLC <br>Repriced Term Loan B, <br>1-Month Term SOFR + 2.50%, <br>6.86% <sup>(D)</sup>, 10/01/2031<br>| 407096 | 406926 |
| &nbsp;&nbsp; Garda World Security Corp. <br>Term Loan B, <br>1-Month Term SOFR + 3.00%, <br>7.34% <sup>(D)</sup>, 02/01/2029<br>| 235603 | 235308 |
| &nbsp;&nbsp; GFL Environmental, Inc. <br>Term Loan B, <br>3-Month Term SOFR + 2.50%, <br>6.82% <sup>(D)</sup>, 03/03/2032<br>| 368829 | 368829 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** |
| &nbsp;&nbsp; Groupe Solmax, Inc. <br>Term Loan, <br>1-Month Term SOFR + 4.75%, 3-Month <br> Term SOFR + 4.75%, <br>9.22% <sup>(D)</sup>, 05/29/2028<br>| $205646 | $169829 |
| &nbsp;&nbsp; Herc Holdings, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 2.00%, <br>6.32% <sup>(D)</sup>, 06/02/2032<br>| 39611 | 39740 |
| &nbsp;&nbsp; Hertz Corp. <br>Term Loan B, <br>3-Month Term SOFR + 3.75%, <br>8.06% <sup>(D)</sup>, 06/30/2028<br>| 361666 | 305608 |
| &nbsp;&nbsp; Homeserve USA Holding Corp. <br>Term Loan B, <br>1-Month Term SOFR + 2.00%, <br>6.35% <sup>(D)</sup>, 10/21/2030<br>| 199495 | 198830 |
| &nbsp;&nbsp; KUEHG Corp. <br>Term Loan, <br>3-Month Term SOFR + 2.75%, <br>7.04% <sup>(D)</sup>, 06/12/2030<br>| 148243 | 148243 |
| &nbsp;&nbsp; Madison IAQ LLC <br>Term Loan B, <br>6-Month Term SOFR + 3.25%, <br>7.45% <sup>(D)</sup>, 05/06/2032<br>| 185636 | 185945 |
| &nbsp;&nbsp; Mavis Tire Express Services Corp. <br>Repriced Term Loan, <br>3-Month Term SOFR + 3.00%, <br>7.33% <sup>(D)</sup>, 05/04/2028<br>| 384685 | 385098 |
| &nbsp;&nbsp; Moneygram International, Inc. <br>Term Loan B, <br>3-Month Term SOFR + 4.75%, <br>9.07% <sup>(D)</sup>, 06/03/2030<br>| 319628 | 288065 |
| &nbsp;&nbsp; PG Investment Co. 59 SARL <br>Term Loan B, <br>3-Month Term SOFR + 2.75%, <br>7.05% <sup>(D)</sup>, 03/26/2031<br>| 249373 | 249997 |
| &nbsp;&nbsp; Prometric Holdings, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 3.75%, <br>8.11% <sup>(D)</sup>, 06/25/2032<br>| 188611 | 189672 |
| &nbsp;&nbsp; Ryan LLC <br>Term Loan, <br>1-Month Term SOFR + 3.50%, <br>7.86% <sup>(D)</sup>, 11/14/2030<br>| 265000 | 264834 |
| &nbsp;&nbsp; Shift4 Payments LLC <br>Term Loan, <br>3-Month Term SOFR + 2.75%, <br>7.08% <sup>(D)</sup>, 06/30/2032<br>| 37523 | 37781 |
| &nbsp;&nbsp; Spring Education Group, Inc. <br>Term Loan, <br>3-Month Term SOFR + 4.00%, <br>8.30% <sup>(D)</sup>, 10/04/2030<br>| 237116 | 238153 |
| &nbsp;&nbsp; Tidal Waste & Recycling Holdings LLC <br>Term Loan B, <br>3-Month Term SOFR + 3.00%, <br>7.30% <sup>(D)</sup>, 10/24/2031<br>| 259350 | 260810 |
| &nbsp;&nbsp; Veritiv Corp. <br>Term Loan B, <br>3-Month Term SOFR + 4.00%, <br>8.30% <sup>(D)</sup>, 11/30/2030<br>| 207023 | 207627 |

---

**Transamerica Funds**

**Page 13**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** |
| &nbsp;&nbsp; VM Consolidated, Inc. <br>Term Loan B2, <br>1-Month Term SOFR + 2.25%, <br>6.61% <sup>(D)</sup>, 03/24/2028<br>| $125211 | $125430 |
| &nbsp;&nbsp; Wand NewCo 3, Inc. <br>Repriced Term Loan B, <br>1-Month Term SOFR + 2.50%, <br>6.86% <sup>(D)</sup>, 01/30/2031<br>| 199123 | 198732 |
| &nbsp;&nbsp; Xplor T1 LLC <br>Term Loan B, <br>3-Month Term SOFR + 3.50%, <br>7.80% <sup>(D)</sup>, 06/24/2031<br>| 134532 | 134532 |
|  |  | 5927802 |
| **Communications Equipment - 0.5%**  | **Communications Equipment - 0.5%**  | **Communications Equipment - 0.5%**  |
| &nbsp;&nbsp; Altice Financing SA <br>Term Loan, <br>3-Month Term SOFR + 5.00%, <br>9.32% <sup>(D)</sup>, 10/31/2027<br>| 357632 | 310804 |
| &nbsp;&nbsp; Connect Finco SARL <br>Term Loan B, <br>1-Month Term SOFR + 4.50%, <br>8.86% <sup>(D)</sup>, 09/27/2029<br>| 201436 | 197030 |
| &nbsp;&nbsp; ViaSat, Inc. <br>Term Loan, <br>1-Month Term SOFR + 4.50%, <br>8.97% <sup>(D)</sup>, 03/02/2029<br>| 329196 | 323778 |
| &nbsp;&nbsp; Zayo Group Holdings, Inc. <br>Term Loan, <br>1-Month Term SOFR + 3.00%, <br>7.47% <sup>(D)</sup>, 03/09/2027 <sup>(G)</sup> <br>| 425000 | 410338 |
|  |  | 1241950 |
| **Construction & Engineering - 0.3%**  | **Construction & Engineering - 0.3%**  | **Construction & Engineering - 0.3%**  |
| &nbsp;&nbsp; Brown Group Holding LLC <br>Term Loan B2, <br>1-Month Term SOFR + 2.50%, 3-Month <br> Term SOFR + 2.50%, <br>6.83% <sup>(D)</sup>, 07/01/2031 <sup>(G)</sup> <br>| 131019 | 131224 |
| &nbsp;&nbsp; Construction Partners, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 2.50%, <br>6.86% <sup>(D)</sup>, 11/03/2031<br>| 34195 | 34323 |
| &nbsp;&nbsp; Osmose Utilities Services, Inc. <br>Term Loan, <br>1-Month Term SOFR + 3.25%, <br>7.72% <sup>(D)</sup>, 06/23/2028<br>| 209238 | 202438 |
| &nbsp;&nbsp; Service Logic Acquisition, Inc. <br>Repriced Term Loan B, <br>1-Month Term SOFR + 3.00%, 3-Month <br> Term SOFR + 3.00%, <br>7.31% <sup>(D)</sup>, 10/29/2027<br>| 315773 | 315378 |
| &nbsp;&nbsp; Tecta America Corp. <br>Term Loan B, <br>1-Month Term SOFR + 3.00%, <br>7.36% <sup>(D)</sup>, 02/18/2032<br>| 54385 | 54470 |
|  |  | 737833 |
| **Consumer Staples Distribution & Retail - 1.4%**  | **Consumer Staples Distribution & Retail - 1.4%**  | **Consumer Staples Distribution & Retail - 1.4%**  |
| &nbsp;&nbsp; BCPE Grill Parent <br>Term Loan B, <br>3-Month Term SOFR + 4.75%, <br>9.05% <sup>(D)</sup>, 09/30/2030<br>| 206801 | 196461 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Consumer Staples Distribution & Retail (continued)** | **Consumer Staples Distribution & Retail (continued)** | **Consumer Staples Distribution & Retail (continued)** |
| &nbsp;&nbsp; Dave & Buster's, Inc. <br>Term Loan B, <br>3-Month Term SOFR + 3.25%, <br>7.56% <sup>(D)</sup>, 06/29/2029 <sup>(G)</sup> <br>| $294898 | $287600 |
| &nbsp;&nbsp; EG America LLC <br>Repriced Term Loan, <br>3-Month Term SOFR + 4.25%, <br>7.83% <sup>(D)</sup>, 02/07/2028<br>| 279655 | 280412 |
| &nbsp;&nbsp; Gulfside Supply, Inc. <br>Term Loan B, <br>3-Month Term SOFR + 3.00%, <br>7.30% <sup>(D)</sup>, 06/17/2031<br>| 297447 | 297819 |
| &nbsp;&nbsp; Highline Aftermarket Acquisition LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.50%, <br>7.86% <sup>(D)</sup>, 02/19/2030<br>| 223561 | 224539 |
| &nbsp;&nbsp; LBM Acquisition LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.75%, <br>8.19% <sup>(D)</sup>, 06/06/2031<br>| 317631 | 296390 |
| &nbsp;&nbsp; Park River Holdings, Inc. <br>Term Loan, <br>3-Month Term SOFR + 3.25%, <br>7.80% <sup>(D)</sup>, 12/28/2027<br>| 319590 | 314112 |
| &nbsp;&nbsp; Peer Holding III BV <br>Term Loan B5, <br>3-Month Term SOFR + 2.50%, <br>6.80% <sup>(D)</sup>, 07/01/2031<br>| 172225 | 172584 |
| &nbsp;&nbsp; Petco Health & Wellness Co., Inc. <br>Term Loan B, <br>3-Month Term SOFR + 3.25%, <br>7.81% <sup>(D)</sup>, 03/03/2028<br>| 368078 | 344268 |
| &nbsp;&nbsp; QXO, Inc. <br>Term Loan B, <br>3-Month Term SOFR + 3.00%, <br>7.30% <sup>(D)</sup>, 04/30/2032<br>| 150568 | 151866 |
| &nbsp;&nbsp; Specialty Building Products Holdings LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.75%, <br>8.21% <sup>(D)</sup>, 10/15/2028<br>| 336357 | 322272 |
| &nbsp;&nbsp; Whatabrands LLC <br>1st Lien Term Loan B, <br>1-Month Term SOFR + 2.50%, <br>6.86% <sup>(D)</sup>, 08/03/2028<br>| 205740 | 205701 |
| &nbsp;&nbsp; White Cap Buyer LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.25%, <br>7.58% <sup>(D)</sup>, 10/19/2029<br>| 174562 | 174224 |
|  |  | 3268248 |
| **Containers & Packaging - 0.6%**  | **Containers & Packaging - 0.6%**  | **Containers & Packaging - 0.6%**  |
| &nbsp;&nbsp; Berlin Packaging LLC <br>Term Loan B7, <br>3-Month Term SOFR + 3.50%, <br>7.54% <sup>(D)</sup>, 06/07/2031<br>| 164175 | 164556 |
| &nbsp;&nbsp; Charter NEX U.S., Inc. <br>Term Loan B1, <br>1-Month Term SOFR + 2.75%, <br>7.09% <sup>(D)</sup>, 11/29/2030<br>| 157735 | 157999 |
| Clydesdale Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, <br>3-Month Term SOFR + 3.25%, <br>1.63% <sup>(D)</sup>, 04/01/2032<br>| 47 | 47 |

---

**Transamerica Funds**

**Page 14**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Containers & Packaging (continued)** | **Containers & Packaging (continued)** | **Containers & Packaging (continued)** |
| &nbsp;&nbsp; Clydesdale Acquisition Holdings, <br> Inc. (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B, <br>1-Month Term SOFR + 3.18%, <br>7.53% <sup>(D)</sup>, 04/13/2029<br>| $198538 | $198455 |
| &nbsp;&nbsp;&nbsp; Term Loan B, <br>1-Month Term SOFR + 3.25%, <br>7.61% <sup>(D)</sup>, 04/01/2032<br>| 89836 | 89755 |
| &nbsp;&nbsp; IRIS Holdings, Inc. <br>Term Loan, <br>3-Month Term SOFR + 4.75%, <br>9.16% <sup>(D)</sup>, 06/28/2028<br>| 283455 | 275502 |
| &nbsp;&nbsp; SupplyOne, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 3.50%, <br>7.86% <sup>(D)</sup>, 04/21/2031<br>| 269219 | 270161 |
| &nbsp;&nbsp; Trident TPI Holdings, Inc. <br>Term Loan B7, <br>3-Month Term SOFR + 3.75%, <br>8.05% <sup>(D)</sup>, 09/15/2028<br>| 264336 | 258520 |
|  |  | 1414995 |
| **Distributors - 0.5%**  | **Distributors - 0.5%**  | **Distributors - 0.5%**  |
| &nbsp;&nbsp; Gloves Buyer, Inc. <br>Term Loan, <br>1-Month Term SOFR + 4.00%, <br>8.36% <sup>(D)</sup>, 01/17/2032 <sup>(G)</sup> <br>| 277475 | 271231 |
| &nbsp;&nbsp; PAI Holdco, Inc. <br>Term Loan B, <br>3-Month Term SOFR + 3.75%, <br>8.32% <sup>(D)</sup>, 10/28/2027<br>| 253954 | 201259 |
| &nbsp;&nbsp; RelaDyne, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 3.50%, <br>7.86% <sup>(D)</sup>, 12/23/2030<br>| 426616 | 427504 |
| &nbsp;&nbsp; Windsor Holdings III LLC <br>Term Loan B, <br>1-Month Term SOFR + 2.75%, <br>7.10% <sup>(D)</sup>, 08/01/2030<br>| 248750 | 247973 |
|  |  | 1147967 |
| **Diversified REITs - 0.1%**  | **Diversified REITs - 0.1%**  | **Diversified REITs - 0.1%**  |
| &nbsp;&nbsp; Claros Mortgage Trust, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 4.50%, <br>8.96% <sup>(D)</sup>, 08/09/2026<br>| 223140 | 216446 |
| **Electric Utilities - 0.1%**  | **Electric Utilities - 0.1%**  | **Electric Utilities - 0.1%**  |
| &nbsp;&nbsp; Alpha Generation LLC <br>Term Loan B, <br>1-Month Term SOFR + 2.00%, <br>6.36% <sup>(D)</sup>, 09/30/2031<br>| 197014 | 196669 |
| **Electronic Equipment, Instruments & Components - 0.1%**  | **Electronic Equipment, Instruments & Components - 0.1%**  | **Electronic Equipment, Instruments & Components - 0.1%**  |
| &nbsp;&nbsp; LSF12 Crown U.S. Commercial Bidco LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.50%, <br>7.86% <sup>(D)</sup>, 12/02/2031<br>| 260617 | 262029 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Energy Equipment & Services - 0.1%**  | **Energy Equipment & Services - 0.1%**  | **Energy Equipment & Services - 0.1%**  |
| &nbsp;&nbsp; Goodnight Water Solutions LLC <br>Term Loan B, <br>1-Month Term SOFR + 4.00%, <br>8.36% <sup>(D)</sup>, 06/04/2029<br>| $198942 | $199688 |
| **Financial Services - 1.0%**  | **Financial Services - 1.0%**  | **Financial Services - 1.0%**  |
| Advisor Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan, <br>TBD, 07/15/2032 <sup>(G)</sup><sup>(I)</sup> <br>| 323226 | 323226 |
| &nbsp;&nbsp;&nbsp; Term Loan B, <br>1-Month Term SOFR + 3.50%, <br>7.86% <sup>(D)</sup>, 08/17/2028<br>| 198047 | 198245 |
| &nbsp;&nbsp; Apex Group Treasury LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.50%, <br>7.82% <sup>(D)</sup>, 02/27/2032<br>| 402309 | 402309 |
| &nbsp;&nbsp; CFC Bidco Ltd. <br>Term Loan B, <br>3-Month Term SOFR + 3.75%, <br>8.04% <sup>(D)</sup>, 05/30/2032<br>| 248075 | 246989 |
| &nbsp;&nbsp; CPI Holdco B LLC <br>Term Loan, <br>1-Month Term SOFR + 2.00%, <br>6.36% <sup>(D)</sup>, 05/19/2031<br>| 44044 | 43998 |
| &nbsp;&nbsp; Focus Financial Partners LLC <br>Term Loan B, <br>1-Month Term SOFR + 2.75%, <br>7.11% <sup>(D)</sup>, 09/15/2031<br>| 356861 | 356861 |
| &nbsp;&nbsp; Hightower Holding LLC <br>Term Loan B, <br>3-Month Term SOFR + 3.00%, <br>7.26% <sup>(D)</sup>, 02/03/2032<br>| 237025 | 235543 |
| &nbsp;&nbsp; IMC Financing LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.50%, <br>7.85% <sup>(D)</sup>, 06/18/2032<br>| 115188 | 115476 |
| &nbsp;&nbsp; Jump Financial LLC <br>Term Loan B, <br>3-Month Term SOFR + 4.25%, <br>8.55% <sup>(D)</sup>, 02/26/2032<br>| 274916 | 274573 |
| &nbsp;&nbsp; Orion U.S. Finco Inc. <br>1st Lien Term Loan, <br>TBD, 05/20/2032 <sup>(G)</sup><sup>(I)</sup> <br>| 159017 | 159753 |
|  |  | 2356973 |
| **Food Products - 0.2%**  | **Food Products - 0.2%**  | **Food Products - 0.2%**  |
| &nbsp;&nbsp; Froneri Lux Finco SARL <br>Term Loan, <br>TBD, 07/16/2032 <sup>(G)</sup><sup>(I)</sup> <br>| 171118 | 170503 |
| &nbsp;&nbsp; Upfield BV <br>Term Loan B12, <br>6-Month Term SOFR + 3.75%, <br>8.30% <sup>(D)</sup>, 01/03/2028<br>| 270888 | 271001 |
|  |  | 441504 |
| **Health Care Equipment & Supplies - 0.4%**  | **Health Care Equipment & Supplies - 0.4%**  | **Health Care Equipment & Supplies - 0.4%**  |
| Hanger, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, <br>1-Month Term SOFR + 3.50%, <br>3.50% <sup>(D)</sup>, 10/23/2031<br>| 5092 | 5102 |

---

**Transamerica Funds**

**Page 15**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Health Care Equipment & Supplies (continued)** | **Health Care Equipment & Supplies (continued)** | **Health Care Equipment & Supplies (continued)** |
| Hanger, Inc. (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B, <br>1-Month Term SOFR + 3.50%, <br>7.86% <sup>(D)</sup>, 10/23/2031<br>| $263649 | $264176 |
| &nbsp;&nbsp; Medline Borrower LP <br>Term Loan B, <br>1-Month Term SOFR + 2.25%, <br>6.36% <sup>(D)</sup>, 10/23/2030<br>| 237737 | 238184 |
| &nbsp;&nbsp; Sotera Health Holdings LLC <br>Term Loan B, <br>3-Month Term SOFR + 3.25%, <br>7.55% <sup>(D)</sup>, 05/30/2031<br>| 398995 | 400491 |
|  |  | 907953 |
| **Health Care Providers & Services - 0.5%**  | **Health Care Providers & Services - 0.5%**  | **Health Care Providers & Services - 0.5%**  |
| &nbsp;&nbsp; Bella Holding Co. LLC <br>Term Loan, <br>1-Month Term SOFR + 3.00%, <br>7.36% <sup>(D)</sup>, 05/10/2028<br>| 359790 | 360175 |
| &nbsp;&nbsp; Charlotte Buyer, Inc. <br>Repriced Term Loan B, <br>1-Month Term SOFR + 4.25%, <br>8.60% <sup>(D)</sup>, 02/11/2028<br>| 273625 | 273411 |
| &nbsp;&nbsp; LifePoint Health, Inc. <br>1st Lien Term Loan B, <br>3-Month Term SOFR + 3.75%, <br>8.07% <sup>(D)</sup>, 05/19/2031<br>| 248750 | 247610 |
| &nbsp;&nbsp; Outcomes Group Holdings, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 3.75%, <br>7.35% <sup>(D)</sup>, 05/06/2031<br>| 184109 | 184877 |
|  |  | 1066073 |
| **Hotels, Restaurants & Leisure - 1.0%**  | **Hotels, Restaurants & Leisure - 1.0%**  | **Hotels, Restaurants & Leisure - 1.0%**  |
| Aimbridge Acquisition Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1st Lien Term Loan, <br>1-Month Term SOFR + 1.50%, <br>5.96% <sup>(D)</sup>, 03/11/2030<br>| 14709 | 14562 |
| &nbsp;&nbsp;&nbsp; Term Loan, <br>1-Month Term SOFR + 5.50%, <br>9.96% <sup>(D)</sup>, 03/11/2030<br>| 27359 | 27222 |
| &nbsp;&nbsp; EOC Borrower LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.00%, <br>7.36% <sup>(D)</sup>, 03/24/2032<br>| 314589 | 314195 |
| &nbsp;&nbsp; GBT U.S. III LLC <br>Term Loan B, <br>3-Month Term SOFR + 2.50%, <br>6.81% <sup>(D)</sup>, 07/28/2031<br>| 249373 | 249997 |
| &nbsp;&nbsp; Herschend Entertainment Co. LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.25%, <br>7.60% <sup>(D)</sup>, 05/27/2032<br>| 140702 | 141757 |
| &nbsp;&nbsp; Ontario Gaming GTA LP <br>Term Loan B, <br>3-Month Term SOFR + 4.25%, <br>8.55% <sup>(D)</sup>, 08/01/2030<br>| 236613 | 234543 |
| &nbsp;&nbsp; Recess Holdings, Inc. <br>Repriced Term Loan, <br>3-Month Term SOFR + 3.75%, <br>8.07% <sup>(D)</sup>, 02/20/2030<br>| 300185 | 301124 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** |
| &nbsp;&nbsp; Scientific Games Holdings LP <br>Term Loan B, <br>3-Month Term SOFR + 3.00%, <br>7.29% <sup>(D)</sup>, 04/04/2029<br>| $238580 | $238381 |
| &nbsp;&nbsp; SeaWorld Parks & Entertainment, Inc. <br>Term Loan B3, <br>1-Month Term SOFR + 2.00%, <br>6.36% <sup>(D)</sup>, 12/04/2031<br>| 158169 | 157773 |
| &nbsp;&nbsp; Travel & Leisure Co. <br>Term Loan B, <br>1-Month Term SOFR + 2.50%, <br>6.86% <sup>(D)</sup>, 12/14/2029<br>| 261081 | 261679 |
| &nbsp;&nbsp; UFC Holdings LLC <br>Term Loan B, <br>3-Month Term SOFR + 2.25%, <br>6.57% <sup>(D)</sup>, 11/21/2031<br>| 37283 | 37373 |
| &nbsp;&nbsp; Voyager Parent LLC <br>Term Loan B, <br>3-Month Term SOFR + 4.75%, <br>9.04% <sup>(D)</sup>, 07/01/2032<br>| 324928 | 324827 |
|  |  | 2303433 |
| **Household Durables - 0.1%**  | **Household Durables - 0.1%**  | **Household Durables - 0.1%**  |
| &nbsp;&nbsp; AI Aqua Merger Sub, Inc. <br>1st Lien Term Loan B, <br>1-Month Term SOFR + 3.00%, <br>7.32% <sup>(D)</sup>, 07/31/2028<br>| 317350 | 317010 |
| **Insurance - 1.1%**  | **Insurance - 1.1%**  | **Insurance - 1.1%**  |
| &nbsp;&nbsp; Acrisure LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.25%, <br>7.61% <sup>(D)</sup>, 06/21/2032<br>| 135243 | 135074 |
| &nbsp;&nbsp; Alliant Holdings Intermediate LLC <br>Term Loan B6, <br>1-Month Term SOFR + 2.75%, <br>7.10% <sup>(D)</sup>, 09/19/2031<br>| 205659 | 205544 |
| &nbsp;&nbsp; AmWINS Group, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 2.25%, <br>6.61% <sup>(D)</sup>, 01/30/2032<br>| 231165 | 231309 |
| Asurion LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2nd Lien Term Loan B4, <br>1-Month Term SOFR + 5.25%, <br>9.72% <sup>(D)</sup>, 01/20/2029<br>| 355548 | 333400 |
| &nbsp;&nbsp;&nbsp; Term Loan B11, <br>1-Month Term SOFR + 4.25%, <br>8.71% <sup>(D)</sup>, 08/19/2028<br>| 305315 | 302389 |
| &nbsp;&nbsp;&nbsp; Term Loan B13, <br>1-Month Term SOFR + 4.25%, <br>8.61% <sup>(D)</sup>, 09/19/2030<br>| 175000 | 171208 |
| &nbsp;&nbsp; Broadstreet Partners, Inc. <br>Term Loan B4, <br>1-Month Term SOFR + 2.75%, <br>7.11% <sup>(D)</sup>, 06/13/2031<br>| 248744 | 248977 |
| Howden Group Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1st Lien Term Loan B, <br>1-Month Term SOFR + 3.00%, <br>7.36% <sup>(D)</sup>, 02/15/2031<br>| 315459 | 315515 |
| &nbsp;&nbsp;&nbsp; Term Loan B, <br>1-Month Term SOFR + 3.50%, <br>7.86% <sup>(D)</sup>, 04/18/2030<br>| 49041 | 49174 |

---

**Transamerica Funds**

**Page 16**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| &nbsp;&nbsp; HUB International Ltd. <br>Term Loan B, <br>3-Month Term SOFR + 2.50%, <br>6.83% <sup>(D)</sup>, 06/20/2030<br>| $251498 | $251750 |
| &nbsp;&nbsp; Sedgwick Claims Management Services, <br> Inc. <br>Term Loan B, <br>1-Month Term SOFR + 3.00%, <br>6.86% <sup>(D)</sup>, 07/31/2031<br>| 237264 | 237461 |
| &nbsp;&nbsp; Truist Insurance Holdings LLC <br>Term Loan B, <br>3-Month Term SOFR + 2.75%, <br>7.05% <sup>(D)</sup>, 05/06/2031<br>| 117524 | 117451 |
|  |  | 2599252 |
| **Internet & Catalog Retail - 0.3%**  | **Internet & Catalog Retail - 0.3%**  | **Internet & Catalog Retail - 0.3%**  |
| &nbsp;&nbsp; CNT Holdings I Corp. <br>Term Loan, <br>3-Month Term SOFR + 2.50%, <br>6.56% <sup>(D)</sup>, 11/08/2032<br>| 315866 | 316212 |
| &nbsp;&nbsp; Proofpoint, Inc. <br>Term Loan, <br>1-Month Term SOFR + 3.00%, <br>7.36% <sup>(D)</sup>, 08/31/2028<br>| 236541 | 236837 |
| &nbsp;&nbsp; PUG LLC <br>Term Loan B, <br>1-Month Term SOFR + 4.75%, <br>9.11% <sup>(D)</sup>, 03/15/2030<br>| 234367 | 232023 |
|  |  | 785072 |
| **IT Services - 0.6%**  | **IT Services - 0.6%**  | **IT Services - 0.6%**  |
| &nbsp;&nbsp; Ahead DB Holdings LLC <br>Term Loan B3, <br>3-Month Term SOFR + 3.00%, <br>7.30% <sup>(D)</sup>, 02/03/2031<br>| 193715 | 193819 |
| &nbsp;&nbsp; Amentum Government Services <br> Holdings LLC <br>Term Loan B, <br>1-Month Term SOFR + 2.25%, <br>6.61% <sup>(D)</sup>, 09/29/2031<br>| 160860 | 159855 |
| &nbsp;&nbsp; Fortress Intermediate 3, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 3.00%, <br>7.32% <sup>(D)</sup>, 06/27/2031<br>| 299246 | 299620 |
| &nbsp;&nbsp; Nielsen Consumer, Inc. <br>Term Loan, <br>1-Month Term SOFR + 3.25%, <br>7.61% <sup>(D)</sup>, 03/06/2028<br>| 285167 | 285345 |
| &nbsp;&nbsp; Peraton Corp. <br>Term Loan B, <br>1-Month Term SOFR + 3.75%, <br>8.21% <sup>(D)</sup>, 02/01/2028<br>| 261431 | 232281 |
| &nbsp;&nbsp; Verifone Systems, Inc. <br>Term Loan, <br>3-Month Term SOFR + 5.50%, <br>10.07% <sup>(D)</sup>, 08/18/2028<br>| 333671 | 322271 |
|  |  | 1493191 |
| **Machinery - 0.5%**  | **Machinery - 0.5%**  | **Machinery - 0.5%**  |
| &nbsp;&nbsp; CD&R Hydra Buyer, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 4.00%, <br>8.46% <sup>(D)</sup>, 03/25/2031<br>| 285468 | 284992 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| &nbsp;&nbsp; Madison Safety & Flow LLC <br>Term Loan B, <br>1-Month Term SOFR + 2.75%, <br>7.11% <sup>(D)</sup>, 09/26/2031<br>| $19202 | $19286 |
| &nbsp;&nbsp; TK Elevator Midco GmbH <br>Term Loan B, <br>3-Month Term SOFR + 3.00%, <br>7.20% <sup>(D)</sup>, 04/30/2030<br>| 315335 | 316912 |
| &nbsp;&nbsp; Victory Buyer LLC <br>Term Loan, <br>1-Month Term SOFR + 3.75%, <br>8.22% <sup>(D)</sup>, 11/19/2028<br>| 283535 | 282826 |
| &nbsp;&nbsp; WEC U.S. Holdings Ltd. <br>Term Loan, <br>1-Month Term SOFR + 2.25%, <br>6.58% <sup>(D)</sup>, 01/27/2031<br>| 292796 | 292918 |
|  |  | 1196934 |
| **Media - 0.6%**  | **Media - 0.6%**  | **Media - 0.6%**  |
| &nbsp;&nbsp; Coral-U.S. Co-Borrower LLC <br>Term Loan B7, <br>3-Month Term SOFR + 3.25%, <br>7.57% <sup>(D)</sup>, 02/02/2032<br>| 260000 | 258944 |
| &nbsp;&nbsp; CSC Holdings LLC <br>Term Loan B5, <br>Prime Rate + 1.50%, <br>9.00% <sup>(D)</sup>, 04/15/2027<br>| 103885 | 102250 |
| &nbsp;&nbsp; Neptune Bidco U.S., Inc. <br>Term Loan B, <br>3-Month Term SOFR + 5.00%, <br>9.43% <sup>(D)</sup>, 04/11/2029<br>| 293069 | 281225 |
| &nbsp;&nbsp; Sunrise Financing Partnership <br>Term Loan AAA, <br>6-Month Term SOFR + 2.50%, <br>6.69% <sup>(D)</sup>, 02/15/2032<br>| 146624 | 146303 |
| &nbsp;&nbsp; United Talent Agency LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.50%, <br>7.84% <sup>(D)</sup>, 06/10/2032<br>| 231150 | 231150 |
| &nbsp;&nbsp; Virgin Media Bristol LLC <br>Term Loan Y, <br>6-Month Term SOFR + 3.18%, <br>7.37% <sup>(D)</sup>, 03/31/2031<br>| 426000 | 416681 |
|  |  | 1436553 |
| **Metals & Mining - 0.0% \*** | **Metals & Mining - 0.0% \*** | **Metals & Mining - 0.0% \*** |
| &nbsp;&nbsp; Atlas Sand Co. LLC <br>Term Loan, <br>5.00%, 01/31/2026 <sup>(J)</sup><sup>(K)</sup><sup>(L)</sup><sup>(M)</sup> <br>| 108713 | 105995 |
| **Mortgage Real Estate Investment Trusts - 0.3%**  | **Mortgage Real Estate Investment Trusts - 0.3%**  | **Mortgage Real Estate Investment Trusts - 0.3%**  |
| &nbsp;&nbsp; Apollo Commercial Real Estate Finance, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 3.25%, <br>7.59% <sup>(D)</sup>, 06/13/2030<br>| 234301 | 232544 |

---

**Transamerica Funds**

**Page 17**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Mortgage Real Estate Investment Trusts (continued)** | **Mortgage Real Estate Investment Trusts (continued)** | **Mortgage Real Estate Investment Trusts (continued)** |
| &nbsp;&nbsp; Blackstone Mortgage Trust, Inc. <br>Term Loan B6, <br>1-Month Term SOFR + 3.00%, <br>7.36% <sup>(D)</sup>, 12/10/2030<br>| $228212 | $229068 |
| &nbsp;&nbsp; KREF Holdings X LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.25%, <br>7.59% <sup>(D)</sup>, 03/05/2032<br>| 179286 | 179958 |
|  |  | 641570 |
| **Oil, Gas & Consumable Fuels - 0.1%**  | **Oil, Gas & Consumable Fuels - 0.1%**  | **Oil, Gas & Consumable Fuels - 0.1%**  |
| &nbsp;&nbsp; M6 ETX Holdings II Midco LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.00%, <br>7.36% <sup>(D)</sup>, 04/01/2032<br>| 312784 | 314055 |
| **Passenger Airlines - 0.5%**  | **Passenger Airlines - 0.5%**  | **Passenger Airlines - 0.5%**  |
| American Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1st Lien Term Loan, <br>6-Month Term SOFR + 2.25%, <br>6.51% <sup>(D)</sup>, 06/04/2029<br>| 55974 | 55705 |
| &nbsp;&nbsp;&nbsp; 1st Lien Term Loan B, <br>6-Month Term SOFR + 2.25%, <br>6.50% <sup>(D)</sup>, 02/15/2028<br>| 156768 | 155866 |
| &nbsp;&nbsp;&nbsp; Term Loan, <br>3-Month Term SOFR + 2.25%, <br>6.58% <sup>(D)</sup>, 04/20/2028<br>| 73515 | 73292 |
| &nbsp;&nbsp;&nbsp; Term Loan B, <br>3-Month Term SOFR + 3.25%, <br>7.58% <sup>(D)</sup>, 05/28/2032<br>| 183654 | 184618 |
| &nbsp;&nbsp; United Airlines, Inc. <br>1st Lien Term Loan B, <br>1-Month Term SOFR + 2.00%, <br>6.35% <sup>(D)</sup>, 02/22/2031<br>| 209113 | 209322 |
| &nbsp;&nbsp; WestJet Loyalty LP <br>Term Loan B, <br>3-Month Term SOFR + 3.25%, <br>7.55% <sup>(D)</sup>, 02/14/2031<br>| 416225 | 415878 |
|  |  | 1094681 |
| **Personal Care Products - 0.1%**  | **Personal Care Products - 0.1%**  | **Personal Care Products - 0.1%**  |
| &nbsp;&nbsp; Opal Bidco SAS <br>Term Loan B, <br>3-Month Term SOFR + 3.25%, <br>7.58% <sup>(D)</sup>, 04/28/2032<br>| 191805 | 192524 |
| **Pharmaceuticals - 0.4%**  | **Pharmaceuticals - 0.4%**  | **Pharmaceuticals - 0.4%**  |
| &nbsp;&nbsp; Amneal Pharmaceuticals LLC <br>Term Loan B, <br>TBD, 08/01/2032 <sup>(G)</sup><sup>(I)</sup> <br>| 146268 | 146085 |
| &nbsp;&nbsp; Covetrus, Inc. <br>Term Loan, <br>3-Month Term SOFR + 5.00%, <br>9.30% <sup>(D)</sup>, 10/13/2029<br>| 268774 | 244585 |
| &nbsp;&nbsp; Endo Luxembourg Finance Co. I SARL <br>1st Lien Term Loan, <br>1-Month Term SOFR + 4.00%, <br>8.36% <sup>(D)</sup>, 04/23/2031<br>| 189825 | 190300 |
| &nbsp;&nbsp; Gainwell Acquisition Corp. <br>Term Loan B, <br>3-Month Term SOFR + 4.00%, <br>8.40% <sup>(D)</sup>, 10/01/2027<br>| 223828 | 219911 |
|  |  | 800881 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Real Estate Management & Development - 0.4%**  | **Real Estate Management & Development - 0.4%**  | **Real Estate Management & Development - 0.4%**  |
| &nbsp;&nbsp; CoreLogic, Inc. <br>Term Loan, <br>1-Month Term SOFR + 3.50%, <br>7.97% <sup>(D)</sup>, 06/02/2028<br>| $248199 | $247113 |
| Cushman & Wakefield U.S. Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B1, <br>1-Month Term SOFR + 2.75%, <br>7.11% <sup>(D)</sup>, 01/31/2030<br>| 102116 | 102499 |
| &nbsp;&nbsp;&nbsp; Term Loan B3, <br>1-Month Term SOFR + 2.75%, <br>7.11% <sup>(D)</sup>, 01/31/2030<br>| 153410 | 153794 |
| &nbsp;&nbsp; Greystar Real Estate Partners LLC <br>Term Loan B, <br>3-Month Term SOFR + 2.75%, <br>6.81% <sup>(D)</sup>, 08/21/2030<br>| 299244 | 299244 |
|  |  | 802650 |
| **Software - 1.4%**  | **Software - 1.4%**  | **Software - 1.4%**  |
| &nbsp;&nbsp; Athenahealth Group, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 2.75%, <br>7.11% <sup>(D)</sup>, 02/15/2029<br>| 319989 | 319360 |
| Boxer Parent Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2nd Lien Term Loan, <br>3-Month Term SOFR + 5.75%, <br>10.08% <sup>(D)</sup>, 07/30/2032<br>| 75000 | 73781 |
| &nbsp;&nbsp;&nbsp; Term Loan B, <br>3-Month Term SOFR + 3.00%, <br>7.33% <sup>(D)</sup>, 07/30/2031<br>| 200271 | 200177 |
| &nbsp;&nbsp; Cast & Crew Payroll LLC <br>Term Loan, <br>1-Month Term SOFR + 3.75%, <br>8.11% <sup>(D)</sup>, 12/29/2028<br>| 174098 | 165393 |
| &nbsp;&nbsp; Clearwater Analytics LLC <br>Term Loan B, <br>6-Month Term SOFR + 2.25%, <br>6.46% <sup>(D)</sup>, 04/21/2032<br>| 55001 | 55036 |
| &nbsp;&nbsp; Cloud Software Group, Inc. <br>Term Loan, <br>3-Month Term SOFR + 3.75%, <br>8.05% <sup>(D)</sup>, 03/21/2031<br>| 263479 | 264323 |
| &nbsp;&nbsp; Corel Corp. <br>Term Loan, <br>3-Month Term SOFR + 5.00%, <br>9.43% <sup>(D)</sup>, 07/02/2026<br>| 159211 | 150057 |
| &nbsp;&nbsp; Cotiviti Corp. <br>Term Loan, <br>1-Month Term SOFR + 2.75%, <br>7.08% <sup>(D)</sup>, 05/01/2031<br>| 237653 | 237059 |
| &nbsp;&nbsp; Helios Software Holdings, Inc. <br>Term Loan B, <br>3-Month Term SOFR + 3.50%, <br>7.80% <sup>(D)</sup>, 07/18/2030<br>| 237808 | 236024 |
| &nbsp;&nbsp; PointClickCare Technologies, Inc. <br>Term Loan B, <br>3-Month Term SOFR + 2.75%, <br>7.08% <sup>(D)</sup>, 11/03/2031<br>| 59456 | 59530 |
| Project Alpha Intermediate Holding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1st Lien Term Loan B, <br>3-Month Term SOFR + 3.25%, <br>7.55% <sup>(D)</sup>, 10/26/2030<br>| 252251 | 252645 |

---

**Transamerica Funds**

**Page 18**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| &nbsp;&nbsp; Project Alpha Intermediate Holding, <br> Inc. (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2nd Lien Term Loan, <br>3-Month Term SOFR + 5.00%, <br>9.30% <sup>(D)</sup>, 05/09/2033<br>| $45004 | $44920 |
| &nbsp;&nbsp; Project Boost Purchaser LLC <br>Refinancing Term Loan, <br>3-Month Term SOFR + 2.75%, <br>7.07% <sup>(D)</sup>, 07/16/2031<br>| 317574 | 317744 |
| &nbsp;&nbsp; Rackspace Finance LLC <br>1st Lien Term Loan, <br>1-Month Term SOFR + 2.75%, <br>7.21% <sup>(D)</sup>, 05/15/2028<br>| 249350 | 127584 |
| RealPage, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1st Lien Term Loan, <br>3-Month Term SOFR + 3.00%, <br>7.56% <sup>(D)</sup>, 04/24/2028<br>| 152914 | 152676 |
| &nbsp;&nbsp;&nbsp; Term Loan, <br>3-Month Term SOFR + 3.75%, <br>8.05% <sup>(D)</sup>, 04/24/2028<br>| 78046 | 78180 |
| &nbsp;&nbsp; Storable, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 3.25%, <br>7.61% <sup>(D)</sup>, 06/16/2032<br>| 264407 | 265134 |
| &nbsp;&nbsp; UKG, Inc. <br>Term Loan B, <br>3-Month Term SOFR + 2.50%, <br>6.81% <sup>(D)</sup>, 02/10/2031<br>| 168947 | 168947 |
|  |  | 3168570 |
| **Textiles, Apparel & Luxury Goods - 0.4%**  | **Textiles, Apparel & Luxury Goods - 0.4%**  | **Textiles, Apparel & Luxury Goods - 0.4%**  |
| &nbsp;&nbsp; ABG Intermediate Holdings 2 LLC <br>1st Lien Term Loan B, <br>1-Month Term SOFR + 2.25%, <br>6.61% <sup>(D)</sup>, 12/21/2028<br>| 245264 | 244914 |
| &nbsp;&nbsp; Beach Acquisition Bidco LLC <br>Term Loan B, <br>TBD, 06/25/2032 <sup>(G)</sup><sup>(I)</sup> <br>| 160207 | 161141 |
| &nbsp;&nbsp; Hanesbrands, Inc. <br>Term Loan B, <br>1-Month Term SOFR + 2.75%, <br>7.11% <sup>(D)</sup>, 03/07/2032<br>| 66314 | 66397 |
| &nbsp;&nbsp; Varsity Brands, Inc. <br>Term Loan, <br>3-Month Term SOFR + 3.25%, <br>7.58% <sup>(D)</sup>, 08/26/2031<br>| 405955 | 406843 |
|  |  | 879295 |
| **Transportation Infrastructure - 0.4%**  | **Transportation Infrastructure - 0.4%**  | **Transportation Infrastructure - 0.4%**  |
| &nbsp;&nbsp; Forward Air Corp. <br>Term Loan B, <br>3-Month Term SOFR + 4.50%, <br>8.81% <sup>(D)</sup>, 12/19/2030<br>| 210116 | 210004 |
| &nbsp;&nbsp; PODS LLC <br>Term Loan B, <br>1-Month Term SOFR + 3.00%, <br>7.47% <sup>(D)</sup>, 03/31/2028<br>| 234391 | 221793 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Transportation Infrastructure (continued)** | **Transportation Infrastructure (continued)** | **Transportation Infrastructure (continued)** |
| &nbsp;&nbsp; Stonepeak Nile Parent LLC <br>Term Loan B, <br>3-Month Term SOFR + 2.75%, <br>7.08% <sup>(D)</sup>, 04/09/2032<br>| $165029 | $165338 |
| &nbsp;&nbsp; Third Coast Infrastructure LLC <br>Term Loan B, <br>1-Month Term SOFR + 4.25%, <br>8.61% <sup>(D)</sup>, 09/25/2030<br>| 288669 | 288669 |
|  |  | 885804 |
| &nbsp;&nbsp; **Total Loan Assignments** <br>**(Cost $41,410,597)**<br>|  | 41381721 |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS - 17.7%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS - 17.7%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS - 17.7%**  |
| Federal Home Loan Mortgage Corp. |  |  |
| 2.00%, 04/01/2052 | 1987761 | 1555809 |
| 2.50%, 01/01/2037 - 05/01/2052 | 2315508 | 2014842 |
| 3.00%, 07/01/2052 - 09/01/2052 | 3871157 | 3318413 |
| 5.00%, 06/01/2055 | 1491073 | 1451689 |
| 5.50%, 08/01/2053 - 05/01/2055 | 5206095 | 5182183 |
| 6.00%, 02/01/2054 | 819740 | 831732 |
| Federal National Mortgage Association |  |  |
| 2.50%, 04/01/2037 - 05/01/2052 | 19239483 | 16764583 |
| 4.50%, 05/01/2053 - 07/01/2053 | 3155093 | 2996298 |
| 5.00%, 03/01/2054 - 11/01/2054 | 2448819 | 2383954 |
| 5.50%, 09/01/2053 | 1302236 | 1297614 |
| Government National Mortgage <br> Association |  |  |
| 3.00%, 09/20/2051 - 02/20/2052 | 3565731 | 3118049 |
| &nbsp;&nbsp; **Total U.S. Government Agency Obligations** <br>**(Cost $40,383,519)** | &nbsp;&nbsp; **Total U.S. Government Agency Obligations** <br>**(Cost $40,383,519)** | 40915166 |
| **ASSET-BACKED SECURITIES - 7.3%**  | **ASSET-BACKED SECURITIES - 7.3%**  | **ASSET-BACKED SECURITIES - 7.3%**  |
| Allegro CLO XV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-1A, Class D2R, <br>3-Month Term SOFR + 4.00%, <br>8.33% <sup>(D)</sup>, 04/20/2038 <sup>(A)</sup> <br>| 2000000 | 1997162 |
| Arini U.S. CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2A, Class D, <br>3-Month Term SOFR + 3.25%, <br>0.00% <sup>(D)</sup>, 03/31/2038 <sup>(A)</sup><sup>(G)</sup> <br>| 775000 | 775108 |
| Bain Capital Credit CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-2A, Class D2R, <br>3-Month Term SOFR + 5.00%, <br>9.33% <sup>(D)</sup>, 04/22/2035 <sup>(A)</sup> <br>| 800000 | 805882 |
| Canyon Capital CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-2A, Class D2R, <br>3-Month Term SOFR + 4.00%, <br>8.32% <sup>(D)</sup>, 04/15/2038 <sup>(A)</sup> <br>| 2000000 | 2008550 |
| Dryden 87 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-87A, Class D2R, <br>3-Month Term SOFR + 4.35%, <br>0.00% <sup>(D)</sup>, 08/20/2038 <sup>(A)</sup><sup>(G)</sup> <br>| 1000000 | 1000000 |
| Dryden 95 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-95A, Class DR, <br>3-Month Term SOFR + 3.05%, <br>7.37% <sup>(D)</sup>, 08/20/2034 <sup>(A)</sup> <br>| 2125000 | 2124872 |

---

**Transamerica Funds**

**Page 19**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| LCM 41 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 41A, Class D1R, <br>3-Month Term SOFR + 3.60%, <br>7.92% <sup>(D)</sup>, 04/15/2036 <sup>(A)</sup> <br>| $2150000 | $2149884 |
| Sculptor CLO XXX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 30A, Class D2R, <br>3-Month Term SOFR + 4.60%, <br>8.87% <sup>(D)</sup>, 07/20/2038 <sup>(A)</sup> <br>| 3750000 | 3764876 |
| Sound Point CLO 35 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-35A, Class D2R, <br>3-Month Term SOFR + 3.85%, <br>8.16% <sup>(D)</sup>, 04/26/2038 <sup>(A)</sup> <br>| 2300000 | 2271537 |
| &nbsp;&nbsp; **Total Asset-Backed Securities** <br>**(Cost $16,900,000)** | &nbsp;&nbsp; **Total Asset-Backed Securities** <br>**(Cost $16,900,000)** | 16897871 |
| **U.S. GOVERNMENT OBLIGATIONS - 2.9%**  | **U.S. GOVERNMENT OBLIGATIONS - 2.9%**  | **U.S. GOVERNMENT OBLIGATIONS - 2.9%**  |
| **U.S. Treasury - 2.9%**  | **U.S. Treasury - 2.9%**  | **U.S. Treasury - 2.9%**  |
| U.S. Treasury Bonds |  |  |
| 4.13%, 08/15/2044 | 4500000 | 4074609 |
| U.S. Treasury Notes |  |  |
| 3.75%, 06/30/2027 - 08/31/2031 | 1010000 | 1005419 |
| 3.88%, 08/15/2034 | 51000 | 49339 |
| 4.25%, 01/31/2030 - 05/15/2035 | 79000 | 79034 |
| 4.38%, 07/31/2026 - 05/15/2034 | 1310000 | 1316709 |
| 4.50%, 05/31/2029 - 12/31/2031 | 54100 | 55291 |
| &nbsp;&nbsp; **Total U.S. Government Obligations** <br>**(Cost $6,935,252)**<br>|  | 6580401 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **PREFERRED STOCKS - 0.6%**  | **PREFERRED STOCKS - 0.6%**  | **PREFERRED STOCKS - 0.6%**  |
| **Automobiles - 0.1%**  | **Automobiles - 0.1%**  | **Automobiles - 0.1%**  |
| Ford Motor Co., |  |  |
| 6.20% | 7500 | 169200 |
| **Banks - 0.4%**  | **Banks - 0.4%**  | **Banks - 0.4%**  |
| Customers Bancorp, Inc., |  |  |
| 5.38% | 48886 | 999719 |
| **Electric Utilities - 0.0% \*** | **Electric Utilities - 0.0% \*** | **Electric Utilities - 0.0% \*** |
| Brookfield Infrastructure Finance ULC, |  |  |
| 7.25% | 811 | 19740 |
| **Financial Services - 0.0% \*** | **Financial Services - 0.0% \*** | **Financial Services - 0.0% \*** |
| Corebridge Financial, Inc., |  |  |
| 6.38% | 1000 | 24290 |
| **Multi-Utilities - 0.1%**  | **Multi-Utilities - 0.1%**  | **Multi-Utilities - 0.1%**  |
| Algonquin Power & Utilities Corp., |  |  |
| &nbsp;&nbsp;&nbsp; Series 19-A, 3-Month LIBOR + 4.01%, <br> 8.86% <sup>(D)</sup> <br>| 10513 | 274704 |
| &nbsp;&nbsp; **Total Preferred Stocks** <br>**(Cost $1,677,406)**<br>|  | 1487653 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **FOREIGN GOVERNMENT OBLIGATIONS - 0.5%**  | **FOREIGN GOVERNMENT OBLIGATIONS - 0.5%**  | **FOREIGN GOVERNMENT OBLIGATIONS - 0.5%**  |
| **Canada - 0.0% \*** | **Canada - 0.0% \*** | **Canada - 0.0% \*** |
| Province of British Columbia |  |  |
| 4.20%, 07/06/2033 | $71000 | 69453 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** |
| **Mongolia - 0.1%**  | **Mongolia - 0.1%**  | **Mongolia - 0.1%**  |
| City of Ulaanbaatar |  |  |
| 7.75%, 08/21/2027 <sup>(B)</sup> <br>| $200000 | $203299 |
| **Pakistan - 0.1%**  | **Pakistan - 0.1%**  | **Pakistan - 0.1%**  |
| Pakistan Government International Bonds |  |  |
| 6.00%, 04/08/2026 <sup>(B)</sup> <br>| 200000 | 199157 |
| **Sri Lanka - 0.1%**  | **Sri Lanka - 0.1%**  | **Sri Lanka - 0.1%**  |
| Sri Lanka Government International Bonds |  |  |
| 3.60% <sup>(H)</sup>, 02/15/2038 <sup>(A)</sup> <br>| 200000 | 167644 |
| **Supranational - 0.2%**  | **Supranational - 0.2%**  | **Supranational - 0.2%**  |
| Africa Finance Corp. |  |  |
| 5.55%, 10/08/2029 <sup>(A)</sup> <br>| 200000 | 202494 |
| African Export-Import Bank |  |  |
| 3.80%, 05/17/2031 <sup>(B)</sup> <br>| 200000 | 173902 |
| Asian Development Bank |  |  |
| 1.88%, 01/24/2030 | 104000 | 95098 |
| Inter-American Development Bank |  |  |
| 4.00%, 01/12/2028 | 85000 | 85113 |
|  |  | 556607 |
| &nbsp;&nbsp; **Total Foreign Government Obligations** <br>**(Cost $1,191,240)**<br>|  | 1196160 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS - 0.2%**  | **COMMON STOCKS - 0.2%**  | **COMMON STOCKS - 0.2%**  |
| **Energy Equipment & Services - 0.2%**  | **Energy Equipment & Services - 0.2%**  | **Energy Equipment & Services - 0.2%**  |
| Hi Crush Remainco <sup>(J)(K)(L)(N)</sup> <br>| 78 | 444912 |
| **Hotels, Restaurants & Leisure - 0.0% \*** | **Hotels, Restaurants & Leisure - 0.0% \*** | **Hotels, Restaurants & Leisure - 0.0% \*** |
| Aimbridge Acquisition Co., Inc. <sup>(N)</sup> <br>| 1345 | 86753 |
| &nbsp;&nbsp; **Total Common Stocks** <br>**(Cost $91,406)**<br>|  | 531665 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CONVERTIBLE BOND - 0.1%**  | **CONVERTIBLE BOND - 0.1%**  | **CONVERTIBLE BOND - 0.1%**  |
| **Hotels, Restaurants & Leisure - 0.1%**  | **Hotels, Restaurants & Leisure - 0.1%**  | **Hotels, Restaurants & Leisure - 0.1%**  |
| &nbsp;&nbsp; Wynn Macau Ltd. <br>4.50%, 03/07/2029 <sup>(A)</sup> <br>| $200000 | 206400 |
| &nbsp;&nbsp; **Total Convertible Bond** <br>**(Cost $201,000)**<br>|  | 206400 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **SHORT-TERM INVESTMENT COMPANIES - 2.6%**  | **SHORT-TERM INVESTMENT COMPANIES - 2.6%**  | **SHORT-TERM INVESTMENT COMPANIES - 2.6%**  |
| **Money Market Funds - 2.6%**  | **Money Market Funds - 2.6%**  | **Money Market Funds - 2.6%**  |
| &nbsp;&nbsp; State Street Institutional U.S. Government <br> Money Market Fund, <br>4.25% <sup>(O)</sup> <br>| 5921899 | 5921899 |
| &nbsp;&nbsp; **Total Short-Term Investment Companies** <br>**(Cost $5,921,899)**<br>|  | 5921899 |

---

**Transamerica Funds**

**Page 20**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 5.5%**  | **SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 5.5%**  | **SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 5.5%**  |
| U.S. Treasury Bills |  |  |
| 4.17% <sup>(O)</sup>, 08/21/2025 | $1500000 | $1496420 |
| 4.18% <sup>(O)</sup>, 09/09/2025 | 6200000 | 6171249 |
| 4.28% <sup>(O)</sup>, 09/11/2025 | 2200000 | 2189257 |
| 4.30% <sup>(O)</sup>, 10/09/2025 | 3000000 | 2975548 |
| &nbsp;&nbsp; **Total Short-Term U.S. Government Obligations** <br>**(Cost $12,833,365)** | &nbsp;&nbsp; **Total Short-Term U.S. Government Obligations** <br>**(Cost $12,833,365)** | 12832474 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **OTHER INVESTMENT COMPANY - 3.4%**  | **OTHER INVESTMENT COMPANY - 3.4%**  | **OTHER INVESTMENT COMPANY - 3.4%**  |
| **Securities Lending Collateral - 3.4%**  | **Securities Lending Collateral - 3.4%**  | **Securities Lending Collateral - 3.4%**  |
| &nbsp;&nbsp; State Street Navigator Securities Lending <br> Trust - Government Money Market Portfolio, <br> 4.27% <sup>(O)</sup> <br>| 7865790 | 7865790 |
| &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $7,865,790)** | &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $7,865,790)** | 7865790 |
| &nbsp;&nbsp; **Total Investments** <br>**(Cost $237,102,387)** | &nbsp;&nbsp; **Total Investments** <br>**(Cost $237,102,387)** | 238173280 |
| **Net Other Assets (Liabilities) - (3.0)%** | **Net Other Assets (Liabilities) - (3.0)%** | (7035509) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | **$231137771** |

---

**FUTURES CONTRACTS:**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long Futures Contracts**  | **Long Futures Contracts**  | **Long Futures Contracts**  | **Long Futures Contracts**  | **Long Futures Contracts**  | **Long Futures Contracts**  | **Long Futures Contracts**  |
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Value** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp; **Unrealized** <br>**Depreciation**<br>|
| 10-Year U.S. Treasury Ultra Notes | 120 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $13464668 | &nbsp;&nbsp;&nbsp;&nbsp; $13569375 | &nbsp;&nbsp;&nbsp;&nbsp; $104707 | &nbsp;&nbsp;&nbsp;&nbsp; $— |

---

**FORWARD FOREIGN CURRENCY CONTRACTS:**

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement** <br>**Date**<br>| &nbsp;&nbsp; **Currency** <br>**Purchased** | &nbsp;&nbsp; **Currency** <br>**Purchased** | &nbsp;&nbsp; **Currency** <br>**Sold** | &nbsp;&nbsp; **Currency** <br>**Sold** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp; **Unrealized** <br>**Depreciation**<br>|
| GSC | 09/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 4091512 | &nbsp;&nbsp;&nbsp;&nbsp; JPY | &nbsp;&nbsp; 587000000 | &nbsp;&nbsp;&nbsp;&nbsp; $180387 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| GSC | 09/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp; JPY | &nbsp;&nbsp; 587000000 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp; 3989181 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (78056)<br>|
| **Total** | **Total** | **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp;&nbsp; **$180387** | &nbsp;&nbsp;&nbsp; **$(78056)**<br>|

---

**Transamerica Funds**

**Page 21**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

**INVESTMENT VALUATION:**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** <sup>(P)</sup> <br>|  |  |  |  |
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2 -** <br>**Other Significant** <br>**Observable Inputs**<br>| **Level 3 -** <br>**Significant** <br>**Unobservable Inputs** <sup>(Q)</sup> <br>| **Value** |
| **ASSETS** |  |  |  |  |
| **Investments** |  |  |  |  |
| Corporate Debt Securities | $— | &nbsp;&nbsp; $102356080 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $102356080 |
| Loan Assignments |  | &nbsp;&nbsp; 41275726 | &nbsp;&nbsp; 105995 | &nbsp;&nbsp; 41381721 |
| U.S. Government Agency Obligations |  | &nbsp;&nbsp; 40915166 | &nbsp;&nbsp; — | &nbsp;&nbsp; 40915166 |
| Asset-Backed Securities |  | &nbsp;&nbsp; 16897871 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16897871 |
| U.S. Government Obligations |  | &nbsp;&nbsp; 6580401 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6580401 |
| Preferred Stocks | 1487653 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1487653 |
| Foreign Government Obligations |  | &nbsp;&nbsp; 1196160 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1196160 |
| Common Stocks |  | &nbsp;&nbsp; 86753 | &nbsp;&nbsp; 444912 | &nbsp;&nbsp; 531665 |
| Convertible Bond |  | &nbsp;&nbsp; 206400 | &nbsp;&nbsp; — | &nbsp;&nbsp; 206400 |
| Short-Term Investment Companies | 5921899 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5921899 |
| Short-Term U.S. Government Obligations |  | &nbsp;&nbsp; 12832474 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12832474 |
| Other Investment Company | 7865790 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 7865790 |
| **Total Investments** | **$15275342** | &nbsp;&nbsp; **$222347031** | &nbsp;&nbsp; **$550907** | &nbsp;&nbsp; **$238173280** |
| **Other Financial Instruments** |  |  |  |  |
| Futures Contracts <sup>(R)</sup> <br>| $104707 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $104707 |
| Forward Foreign Currency Contracts <sup>(R)</sup> <br>|  | &nbsp;&nbsp; 180387 | &nbsp;&nbsp; — | &nbsp;&nbsp; 180387 |
| **Total Other Financial Instruments** | **$104707** | &nbsp;&nbsp; **$180387** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$285094** |
| **LIABILITIES** |  |  |  |  |
| **Other Financial Instruments** |  |  |  |  |
| Forward Foreign Currency Contracts <sup>(R)</sup> <br>| $— | &nbsp;&nbsp; $(78056)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(78056)<br>|
| **Total Other Financial Instruments** | **$—** | &nbsp;&nbsp; **$(78056)**<br>| &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$(78056)**<br>|

---

**FOOTNOTES TO SCHEDULE OF INVESTMENTS:** 

\* *Percentage rounds to less than 0.1% or (0.1)%.*

<sup>(A)</sup> *Security is exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Security may be resold as transactions exempt from* *registration, normally to qualified institutional buyers. At July 31, 2025, the total value of 144A securities is $68,183,713, representing 29.5% of the* *Fund's net assets.* 

<sup>(B)</sup> *Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside* *the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the* *registration requirements of the Securities Act of 1933. At July 31, 2025, the total value of the Regulation S securities is $7,934,455, representing 3.4%* *of the Fund's net assets.* 

<sup>(C)</sup> *Perpetual maturity. The date displayed is the next call date.*

<sup>(D)</sup> *Floating or variable rate security. The rate disclosed is as of July 31, 2025. For securities based on a published reference rate and spread, the reference* *rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where* *applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are* *based on current market conditions; these securities do not indicate a reference rate and spread in the description.* 

<sup>(E)</sup> *All or a portion of the security is on loan. The total value of the securities on loan is $7,841,629, collateralized by cash collateral of $7,865,790 and* *non-cash collateral, such as U.S. government securities of $137,980. The amount on loan indicated may not correspond with the securities on loan* *identified because a security with pending sales are in the process of recall from the brokers.* 

<sup>(F)</sup> *Payment in-kind. Security pays interest or dividends in the form of additional bonds or preferred stock. If the security makes a cash payment in addition* *to in-kind, the cash rate is disclosed separately.* 

<sup>(G)</sup> *When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after July 31, 2025. Security* *may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.* 

<sup>(H)</sup> *Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of July 31, 2025; the maturity date disclosed is the ultimate maturity* *date.* 

<sup>(I)</sup> *All or a portion of the security represents an unsettled loan commitment at July 31, 2025 where the rate will be determined at time of settlement.*

<sup>(J)</sup> *Fair valued as determined in good faith in accordance with TAM's procedures. At July 31, 2025, the total value of the securities is $550,907,* *representing 0.2% of the Fund's net assets.* 

<sup>(K)</sup> *Security is Level 3 of the fair value hierarchy and is valued based on unobservable inputs (see Notes to Schedule of Investments). At July 31, 2025, the* *total value of the securities is $550,907, representing 0.2% of the Fund's net assets.* 

**Transamerica Funds**

**Page 22**

------

**Transamerica Strategic Income**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

**FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):**

<sup>(L)</sup> *Restricted security. At July 31, 2025, the total value of such securities held by the Fund is as follows:*

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments** | **Description** | &nbsp;&nbsp; **Acquisition** <br>**Date**<br>| **Acquisition** <br>**Cost**<br>| **Value** | **Value as** <br>**Percentage of** <br>**Net Assets**<br>|
| Common Stocks | Hi Crush Remainco | 10/08/2020 - 11/02/2021 | &nbsp;&nbsp; $473091 | &nbsp;&nbsp; $444912 | 0.2<br> %<br>|
| Loan Assignments | &nbsp;&nbsp;&nbsp;&nbsp; Atlas Sand Co. LLC <br>Term Loan, 5.00%, <br> 01/31/2026<br>| 10/08/2020 | &nbsp;&nbsp; 13227 | &nbsp;&nbsp; 105995 | 0.0<br> %\*<br>|
|  |  |  | &nbsp;&nbsp; **$486318** | &nbsp;&nbsp; **$550907** | **0.2%**<br>|

---

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

<sup>(M)</sup> *Fixed rate loan commitment at July 31, 2025.*

<sup>(N)</sup> *Non-income producing security.*

<sup>(O)</sup> *Rate disclosed reflects the yield at July 31, 2025.*

<sup>(P)</sup> *There were no transfers in or out of Level 3 during the period ended July 31, 2025. Please reference the Investment Valuation section of the Notes to* *Schedule of Investments for more information regarding investment valuation and pricing inputs.* 

<sup>(Q)</sup> *Level 3 security was not considered significant to the Fund.*

<sup>(R)</sup> *Derivative instruments are valued at unrealized appreciation (depreciation).*

**CURRENCY ABBREVIATION(S):** 

*JPY* *Japanese Yen* <br> *USD* *United States Dollar*

**COUNTERPARTY ABBREVIATION(S):** 

*GSC* *Goldman Sachs & Co.*

**PORTFOLIO ABBREVIATION(S):** 

---

| | |
|:---|:---|
| *CLO* | *Collateralized Loan Obligation* |
| *CPI* | *Consumer Price Index* |
| *JSC* | *Joint Stock Company* |
| *LIBOR* | *London Interbank Offered Rate* |
| *PJSC* | *Private Joint Stock Co.* |
| *Prime Rate* | *Interest rate charged by banks to their most credit worthy customers* |
| *REIT* | *Real Estate Investment Trust* |
| *SOFR* | *Secured Overnight Financing Rate* |
| *TBD* | *To Be Determined* |

---

**Transamerica Funds**

**Page 23**

------

**Transamerica Strategic Income**

------

**NOTES TO SCHEDULE OF INVESTMENTS**

**At July 31, 2025**

**(unaudited)**

**INVESTMENT VALUATION**

Transamerica Strategic Income (formerly, Transamerica Unconstrained Bond) (the "Fund") is a series of the Transamerica Funds.

Transamerica Asset Management, Inc. ("TAM") has been designated as the Fund's valuation designee pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, with responsibility for fair valuation subject to oversight by the Fund's Board of Trustees. The net asset value of the Fund is computed as of the official close of the New York Stock Exchange ("NYSE") each day the NYSE is open for business.

TAM utilizes various methods to measure the fair value of its investments on a recurring basis. Generally Accepted Accounting Principles in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels ("Levels") of inputs of the fair value hierarchy are defined as follows:

Level 1—Unadjusted quoted prices in active markets for identical securities.

Level 2—Inputs, other than quoted prices included in Level 1, which are observable, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

Level 3—Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include TAM's own assumptions used in determining the fair value of the Fund's investments and derivative instruments.

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value ("NAV") per share, or its equivalent, using the "practical expedient" have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Fund's investments at July 31, 2025, is disclosed within the Investment Valuation section of the Schedule of Investments.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material.

**Fair value measurements:** Descriptions of the valuation techniques applied to the Fund's significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:

*Asset-backed securities:* The fair value of asset-backed securities is estimated based on models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.

*Convertible bonds:* The fair value of convertible bonds is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, broker price quotations (where observable), and models incorporating benchmark curves, underlying stock data, and foreign exchange rates. While most convertible bonds are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

*Corporate debt securities:* The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative

**Transamerica Funds**

**Page 24**

------

**Transamerica Strategic Income**

------

**NOTES TO SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

*Equity securities:* Securities are stated at the last reported sales price or closing price on the day of valuation taken from the primary exchange where the security is principally traded. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Equities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or Level 3 if inputs are unobservable.

*Foreign government obligations:* Foreign government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Investment companies:* Certain investment companies are valued at the NAV as the practical expedient. These investment companies are not included within the fair value hierarchy. Certain other investment companies are valued at the actively traded NAV and no valuation adjustments are applied. These investment companies are categorized in Level 1 of the fair value hierarchy.

*Loan assignments:* Loan assignments are normally valued using an income approach, which projects future cash flows and converts those future cash flows to a present value using a discount rate. The resulting present value reflects the likely fair value of the loan. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise are categorized in Level 3.

*U.S. government agency obligations:* U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced ("TBA") securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.

*U.S. government obligations:* U.S. government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Short-term notes:* The Fund normally values short-term government and U.S. government agency securities using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers and reference data. Certain securities are valued by principally using dealer quotations. Short-term government and U.S. government agency securities generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Securities lending collateral:* Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.

*Restricted securities:* Restricted securities for which quotations are not readily available are valued at fair value. Restricted securities issued by publicly traded companies are generally valued at a discount to similar publicly traded securities. Restricted securities issued by nonpublic entities may be valued by reference to comparable public entities and/or fundamental data relating to the issuer. Depending on the relative significance of observable valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.

*Derivative instruments:* Centrally cleared or listed derivatives that are actively traded are valued based on quoted prices from the exchange and are categorized in Level 1 of the fair value hierarchy. Over-the-counter ("OTC") derivative contracts include forward, swap, swaption, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices. Depending on the product and the terms of the transaction, the fair value of the OTC derivative products are modeled taking into account the counterparties' creditworthiness and using a series of techniques, including simulation models. Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments and the pricing inputs are observed from actively quoted markets, as is the case of interest rate swap and option contracts. The majority of OTC derivative products valued by the Fund using pricing models fall into this category and are categorized within Level 2 of the fair value hierarchy or Level 3 if inputs are unobservable.

**Transamerica Funds**

**Page 25**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TRANSAMERICA FUNDS

- **b. Investment Company Act file number:** 811-04556

- **c. CIK number of Registrant:** 0000787623

- **d. LEI of Registrant:** 54930088ZHZE1VMYEY52

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

  - **Street Address 1:** 1801 CALIFORNIA STREET

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80202

  - **Telephone number:** 720-493-4256

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

- **a. Name of Series:** Transamerica Strategic Income

- **b. EDGAR series identifier (if any):** S000047479

- **c. LEI of Series:** 54930000WQFBEX4N7U31

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

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

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $250299055.37

**Total Liabilities:** $20994965.74

**Net Assets:** $229304089.63

**Delayed Delivery Securities:** $3173227.65

**Cash Not Reported:** $522950.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -92.68000000 | **1-Year:** -3945.35000000 | **5-Year:** -14101.71000000 | **10-Year:** -7906.11000000 | **30-Year:** -1477.14000000

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

- **3-Month:** -323.69000000 | **1-Year:** -7624.09000000 | **5-Year:** -23717.23000000 | **10-Year:** -7710.08000000 | **30-Year:** -2159.11000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000263010 |  | 1.73%                | 0.37%                |
| Class ID C000149085 | 0.71%                | 1.63%                | 0.37%                |
| Class ID C000149082 | 0.68%                | 1.60%                | 0.34%                |
| Class ID C000149084 | 0.71%                | 1.63%                | 0.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-43309.56               | $821347.84                                 |
| Month 2  | $-31003.04               | $2133099.96                                |
| Month 3  | $-403379.09              | $97906.05                                  |

**Designated Index Information**

- **Index Name:** Securities Portfolio VaR

- **Index Identifier:** Designated Reference Portfolio is the Fund's Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JANE STREET GRP/JSG FIN                    | Jane Street Group/JSG Finance, Inc.                                             | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     29000 | PA      | $29678.05     | 0.01%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP               | Scientific Games Holdings LP                                                    | CUSIP: 80875CAE7<br>LEI: 549300W5GPFXXB6TQ330 | Long             | LON              | CORP              | US        |    238580 | PA      | $238380.92    | 0.10%             | 2029-04-04      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                     | TK Elevator Midco GmbH                                                          | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |    315335 | PA      | $316911.76    | 0.14%             | 2030-04-30      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                        | JPMorgan Chase & Co.                                                            | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     56000 | PA      | $56725.48     | 0.02%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                    | Studio City Finance Ltd.                                                        | CUSIP: 000000000<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    250000 | PA      | $231129.03    | 0.10%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     53000 | PA      | $45176.64     | 0.02%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                   | Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.       | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $301479.63    | 0.13%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp.                                                           | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    317000 | PA      | $324320.34    | 0.14%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                       | Talos Production, Inc.                                                          | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |    181000 | PA      | $184568.23    | 0.08%             | 2031-02-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 6174468P7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    249000 | PA      | $238502.92    | 0.10%             | 2031-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                               | Comcast Corp.                                                                   | CUSIP: 20030NCT6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    136000 | PA      | $135146.11    | 0.06%             | 2028-10-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                      | American Airlines, Inc.                                                         | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    183654 | PA      | $184617.84    | 0.08%             | 2032-05-28      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                       | Cleveland-Cliffs, Inc.                                                          | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9735.64      | 0.00%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Madison Safety & Flow LLC                  | Madison Safety & Flow LLC                                                       | CUSIP: 55822DAM3<br>LEI: 5493007D2J7BBIFYBY65 | Long             | LON              | CORP              | US        |     19202 | PA      | $19286.36     | 0.01%             | 2031-09-26      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Highline Aftermarket Acquisition, LLC      | Highline Aftermarket Acquisition LLC                                            | CUSIP: 43110HAF6<br>LEI: 254900Q5W6G5KG3GHJ04 | Long             | LON              | CORP              | US        |    223561 | PA      | $224539.39    | 0.10%             | 2030-02-19      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                             | Amazon.com, Inc.                                                                | CUSIP: 023135CQ7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    341000 | PA      | $347071.87    | 0.15%             | 2029-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC   | Amentum Government Services Holdings LLC                                        | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |    160860 | PA      | $159854.97    | 0.07%             | 2031-09-29      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| GREENKO DUTCH BV                           | Greenko Dutch BV                                                                | CUSIP: 000000000<br>LEI: 724500PT585P4JPVRP08 | Long             | DBT              | CORP              | NL        |    220000 | PA      | $216512.32    | 0.09%             | 2026-03-29      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                      | Alibaba Group Holding Ltd.                                                      | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202963.77    | 0.09%             | 2035-05-26      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                     | Verizon Communications, Inc.                                                    | CUSIP: 92343VEU4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    285000 | PA      | $280070.54    | 0.12%             | 2029-12-03      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                       | Neptune Bidco U.S., Inc.                                                        | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    350000 | PA      | $338723.00    | 0.15%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.   | Project Alpha Intermediate Holding, Inc.                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     45004 | PA      | $44919.64     | 0.02%             | 2033-05-09      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                   | Hilcorp Energy I LP/Hilcorp Finance Co.                                         | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $14618.50     | 0.01%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                   | Florida Power & Light Co.                                                       | CUSIP: 341081GT8<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     78000 | PA      | $80291.35     | 0.04%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Federal Home Loan Mortgage Corp.                                                | CUSIP: 3132DWEP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2377208 | PA      | $2037772.56   | 0.89%             | 2052-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                   | BroadStreet Partners, Inc.                                                      | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |    248744 | PA      | $248977.03    | 0.11%             | 2031-06-13      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Bills                                                             | CUSIP: 912797QT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   6200000 | PA      | $6171249.30   | 2.69%             | 2025-09-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                   | ION Trading Technologies SARL                                                   | CUSIP: 46205YAA9<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $193416.62    | 0.08%             | 2028-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                     | Verizon Communications, Inc.                                                    | CUSIP: 92343VEA8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     95000 | PA      | $91879.74     | 0.04%             | 2033-08-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                          | Clarios Global LP                                                               | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    306919 | PA      | $307046.68    | 0.13%             | 2032-01-28      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                   | Corebridge Financial, Inc.                                                      | CUSIP: 21871X208<br>LEI: 549300XY1661QCIA7J65 | Long             | EP               | CORP              | US        |      1000 | NS      | $24290.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                   | Hilcorp Energy I LP/Hilcorp Finance Co.                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    323000 | PA      | $311136.86    | 0.14%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TYCO ELECTRONICS GROUP S                   | Tyco Electronics Group SA                                                       | CUSIP: 902133BD8<br>LEI: C33G1C5SYE2YM95EE712 | Long             | DBT              | CORP              | LU        |     85000 | PA      | $85066.40     | 0.04%             | 2035-05-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                     | Future                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       120 | NC      | $104706.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HI CRUSH REMAINCO                          | Hi Crush Remainco                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        78 | NS      | $444912.00    | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SONOCO PRODUCTS CO                         | Sonoco Products Co.                                                             | CUSIP: 835495AR3<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |     98000 | PA      | $97516.31     | 0.04%             | 2029-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| HCA INC                                    | HCA, Inc.                                                                       | CUSIP: 404119CJ6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11505.52     | 0.01%             | 2029-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Inc                     | Spirit AeroSystems, Inc.                                                        | CUSIP: 84857HAY6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | LON              | CORP              | US        |    314739 | PA      | $315230.36    | 0.14%             | 2027-01-15      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                   | Discovery Communications LLC                                                    | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     21000 | PA      | $18602.13     | 0.01%             | 2030-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MOBIUS MERGER SUB                          | Mobius Merger Sub, Inc.                                                         | CUSIP: 606950AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $252355.00    | 0.11%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO                   | Wildfire Intermediate Holdings LLC                                              | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |    158000 | PA      | $157216.45    | 0.07%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| EL PUERTO DE LIVERPOOL                     | El Puerto de Liverpool SAB de CV                                                | CUSIP: 283837AC6<br>LEI: 4469000001BO4JEXZL32 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $207729.80    | 0.09%             | 2032-01-22      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                   | Banco Mercantil del Norte SA                                                    | CUSIP: 05971PAE8<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   1500000 | PA      | $1535460.36   | 0.67%             | 2035-05-20      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp.                                                           | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28484.81     | 0.01%             | 2036-02-12      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| RAISING CANE'S RESTAURAN                   | Raising Cane's Restaurants LLC                                                  | CUSIP: 75103AAA3<br>LEI: 254900V6ADXFWHYOED66 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126613.92    | 0.06%             | 2029-05-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| EUSHI FINANCE INC                          | EUSHI Finance, Inc.                                                             | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $470172.15    | 0.21%             | 2054-12-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                      | Molina Healthcare, Inc.                                                         | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246652.05    | 0.11%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RECESS HOLDINGS INC                        | Recess Holdings, Inc.                                                           | CUSIP: 72811HAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    300185 | PA      | $301123.55    | 0.13%             | 2030-02-20      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Gloves Buyer Inc                           | Gloves Buyer, Inc.                                                              | CUSIP: 37987UAG7<br>LEI: 54930015O0Y94T5H8Z18 | Long             | LON              | CORP              | US        |    277475 | PA      | $271231.51    | 0.12%             | 2032-01-17      | Floating      | 8.36%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                        | American Express Co.                                                            | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     31000 | PA      | $31099.89     | 0.01%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV                        | Minejesa Capital BV                                                             | CUSIP: 000000000<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $195645.57    | 0.09%             | 2037-08-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC                     | Cox Communications, Inc.                                                        | CUSIP: 224044CR6<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40881.66     | 0.02%             | 2028-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ADOBE INC                                  | Adobe, Inc.                                                                     | CUSIP: 00724PAH2<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |     88000 | PA      | $89266.05     | 0.04%             | 2028-01-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CA MAGNUM HOLDINGS                         | CA Magnum Holdings                                                              | CUSIP: 000000000<br>LEI: 549300ZRDHFR078MFZ78 | Long             | DBT              | CORP              | MU        |    265000 | PA      | $263322.15    | 0.11%             | 2026-10-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES                   | Texas Capital Bancshares, Inc.                                                  | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |    147000 | PA      | $144044.30    | 0.06%             | 2031-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                       | Commercial Metals Co.                                                           | CUSIP: 201723AP8<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184181.44    | 0.08%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KazMunayGas National Co. JSC               | KazMunayGas National Co. JSC                                                    | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    200000 | PA      | $187269.12    | 0.08%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                     | Cogent Communications Group LLC/Cogent Finance, Inc.                            | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250239.20    | 0.11%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VM CONSOLIDATED INC                        | VM Consolidated, Inc.                                                           | CUSIP: 00215NAN0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | LON              | CORP              | US        |    125211 | PA      | $125429.74    | 0.05%             | 2028-03-24      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                    | Goldman Sachs Group, Inc.                                                       | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    192000 | PA      | $185547.00    | 0.08%             | 2027-09-10      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                               | Calpine Corp.                                                                   | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    285000 | PA      | $281699.59    | 0.12%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                   | Northwestern Mutual Global Funding                                              | CUSIP: 66815L2K4<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45120.35     | 0.02%             | 2027-09-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                      | GFL Environmental, Inc.                                                         | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | US        |    368829 | PA      | $368828.74    | 0.16%             | 2032-03-03      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                     | Marriott International, Inc.                                                    | CUSIP: 571903BG7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    155000 | PA      | $140509.35    | 0.06%             | 2031-04-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC                        | Shift4 Payments LLC                                                             | CUSIP: 000000000<br>LEI: 254900GTEMR7L40VPI74 | Long             | LON              | CORP              | US        |     37523 | PA      | $37781.35     | 0.02%             | 2032-06-30      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                              | Citigroup, Inc.                                                                 | CUSIP: 17327CAU7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    126000 | PA      | $123365.07    | 0.05%             | 2039-09-19      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                               | ING Groep NV                                                                    | CUSIP: 456837BQ5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $201728.76    | 0.09%             | 2029-03-25      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                     | CCO Holdings LLC/CCO Holdings Capital Corp.                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $142172.62    | 0.06%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| XPLR INFRAST OPERATING                     | XPLR Infrastructure Operating Partners LP                                       | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    375000 | PA      | $382426.37    | 0.17%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| CD&R Hydra Buyer Inc                       | CD&R Hydra Buyer, Inc.                                                          | CUSIP: 12508KAJ6<br>LEI: 549300HW5C2VGPZCHL57 | Long             | LON              | CORP              | US        |    285468 | PA      | $284991.71    | 0.12%             | 2031-03-25      | Floating      | 8.46%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                     | NextEra Energy Capital Holdings, Inc.                                           | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     31000 | PA      | $31152.13     | 0.01%             | 2027-09-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                   | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.               | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              |  | US        |    210000 | PA      | $203871.49    | 0.09%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                | Deluxe Corp.                                                                    | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    303000 | PA      | $290708.53    | 0.13%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                     | NextEra Energy Capital Holdings, Inc.                                           | CUSIP: 65339KDF4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    769000 | PA      | $793658.75    | 0.35%             | 2055-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                 | PacifiCorp                                                                      | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1269000 | PA      | $1299150.46   | 0.57%             | 2055-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| POTTERS INDUSTRIES LLC                     | Potters Industries LLC                                                          | CUSIP: 73813HAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    197277 | PA      | $198139.86    | 0.09%             | 2027-12-14      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| PG Investment Company 59 Sa rl             | PG Investment Co. 59 SARL                                                       | CUSIP: 91728NAB5<br>LEI: 254900XMCCB3IEZ2A005 | Long             | LON              | CORP              | LU        |    249373 | PA      | $249996.86    | 0.11%             | 2031-03-26      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                     | General Motors Financial Co., Inc.                                              | CUSIP: 37045XEY8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    127000 | PA      | $129591.64    | 0.06%             | 2031-06-18      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PointClickCare Technologies, Inc.          | PointClickCare Technologies, Inc.                                               | CUSIP: 000000000<br>LEI: 5493001Z0LHHBZLVDX36 | Long             | LON              | CORP              | CA        |     59456 | PA      | $59529.95     | 0.03%             | 2031-11-03      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                         | Voyager Parent LLC                                                              | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    235000 | PA      | $248593.34    | 0.11%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SUMITOMO LIFE INSUR                        | Sumitomo Life Insurance Co.                                                     | CUSIP: 86564CAE0<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |    205000 | PA      | $204387.32    | 0.09%             | 2034-01-18      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                    | Goldman Sachs Group, Inc.                                                       | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    279000 | PA      | $243722.96    | 0.11%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| The Action Environmental Group Inc         | Action Environmental Group, Inc.                                                | CUSIP: 00507JAF3<br>LEI: 549300BB30QUQC86W666 | Long             | LON              | CORP              | US        |    339815 | PA      | $338965.49    | 0.15%             | 2030-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                    | Honeywell International, Inc.                                                   | CUSIP: 438516CF1<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |     19000 | PA      | $16166.71     | 0.01%             | 2031-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                 | goeasy Ltd.                                                                     | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10019.27     | 0.00%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PEER HOLDING III BV                        | Peer Holding III BV                                                             | CUSIP: 000000000<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |    172225 | PA      | $172584.12    | 0.08%             | 2031-07-01      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| NUCOR CORP                                 | Nucor Corp.                                                                     | CUSIP: 670346BA2<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62164.66     | 0.03%             | 2035-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                   | Trident TPI Holdings, Inc.                                                      | CUSIP: 00216EAL3<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |    264336 | PA      | $258520.45    | 0.11%             | 2028-09-15      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                 | Air Canada                                                                      | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $123658.69    | 0.05%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SOUTH32 TREASURY LTD                       | South32 Treasury Ltd.                                                           | CUSIP: 84055BAA1<br>LEI: 213800HFGZMXST64GP53 | Long             | DBT              | CORP              | AU        |    181000 | PA      | $169784.28    | 0.07%             | 2032-04-14      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| ONT GAMING GTA/OTG CO-IS                   | Ontario Gaming GTA LP/OTG Co-Issuer, Inc.                                       | CUSIP: 68306MAA7<br>LEI: 894500EC9KLZLOC3V025 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $252855.39    | 0.11%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WILLIS NORTH AMERICA INC                   | Willis North America, Inc.                                                      | CUSIP: 970648AL5<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100480.73    | 0.04%             | 2027-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Osmose Utilities Services Inc              | Osmose Utilities Services, Inc.                                                 | CUSIP: 68835HAH3<br>LEI: 549300FSLVHLFZ3S0D82 | Long             | LON              | CORP              | US        |    209238 | PA      | $202437.57    | 0.09%             | 2028-06-23      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                     | Acrisure LLC/Acrisure Finance, Inc.                                             | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    213000 | PA      | $215662.24    | 0.09%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                         | Kohl's Corp.                                                                    | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    486000 | PA      | $350095.61    | 0.15%             | 2031-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| Synchrony Financial                        | Synchrony Financial                                                             | CUSIP: 87165BAP8<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95420.16     | 0.04%             | 2029-03-19      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                    | Howard Midstream Energy Partners LLC                                            | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $268819.46    | 0.12%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| YANLORD LAND HK CO LTD                     | Yanlord Land HK Co. Ltd.                                                        | CUSIP: 000000000<br>LEI: 549300O56H3950RDWG19 | Long             | DBT              | CORP              | HK        |    320000 | PA      | $318007.30    | 0.14%             | 2026-05-20      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                     | Regions Financial Corp.                                                         | CUSIP: 7591EPAV2<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |     43000 | PA      | $43310.30     | 0.02%             | 2035-09-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INVERSIONES CMPC SA                        | Inversiones CMPC SA                                                             | CUSIP: 46128MAT8<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $206712.00    | 0.09%             | 2034-02-26      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC               | Aimbridge Acquisition Co., Inc.                                                 | CUSIP: 00900YAH9<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |     14709 | PA      | $14561.80     | 0.01%             | 2030-03-11      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| CFC BIDCO 2022 LTD                         | CFC Bidco Ltd.                                                                  | CUSIP: 12531JAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    248075 | PA      | $246989.24    | 0.11%             | 2032-05-30      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                   | Penske Truck Leasing Co. LP/PTL Finance Corp.                                   | CUSIP: 709599BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     98000 | PA      | $103919.96    | 0.05%             | 2030-06-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MARS INC                                   | Mars, Inc.                                                                      | CUSIP: 571676AU9<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     68000 | PA      | $68295.13     | 0.03%             | 2031-04-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                   | Rogers Communications, Inc.                                                     | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    102000 | PA      | $104376.93    | 0.05%             | 2055-04-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                   | Penske Truck Leasing Co. LP/PTL Finance Corp.                                   | CUSIP: 709599CB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     82000 | PA      | $83644.07     | 0.04%             | 2030-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                        | Altice Financing SA                                                             | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    530000 | PA      | $424773.43    | 0.19%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                   | Enterprise Products Operating LLC                                               | CUSIP: 29379VCK7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     32000 | PA      | $31973.54     | 0.01%             | 2031-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| WALKER & DUNLOP INC                        | Walker & Dunlop, Inc.                                                           | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $152929.50    | 0.07%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                         | Energy Transfer LP                                                              | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1065284.93   | 0.46%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FNB CORP                                   | FNB Corp.                                                                       | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |     74000 | PA      | $74514.49     | 0.03%             | 2030-12-11      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| ELECT GLOBAL INV LTD                       | Elect Global Investments Ltd.                                                   | CUSIP: 000000000<br>LEI: 254900MGJD77N8VPNK65 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $132231.70    | 0.06%             | 2025-09-02      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                 | AbbVie, Inc.                                                                    | CUSIP: 00287YDT3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56120.91     | 0.02%             | 2031-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                     | WESCO Distribution, Inc.                                                        | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    147000 | PA      | $150492.72    | 0.07%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VOYA FINANCIAL INC                         | Voya Financial, Inc.                                                            | CUSIP: 929089AH3<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |     27000 | PA      | $26369.61     | 0.01%             | 2034-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Notes                                                             | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     45000 | PA      | $44606.25     | 0.02%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                            | Cigna Group                                                                     | CUSIP: 125523AH3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39857.62     | 0.02%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                          | L3Harris Technologies, Inc.                                                     | CUSIP: 502431AT6<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46315.85     | 0.02%             | 2031-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                           | Credit Acceptance Corp.                                                         | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $207597.35    | 0.09%             | 2030-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                               | Entegris, Inc.                                                                  | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201791.60    | 0.09%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                      | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $191308.02    | 0.08%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                    | Pfizer Investment Enterprises Pte. Ltd.                                         | CUSIP: 716973AE2<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |     55000 | PA      | $54668.87     | 0.02%             | 2033-05-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                    | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAF0<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |     72000 | PA      | $73174.65     | 0.03%             | 2028-03-03      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DP WORLD CRESCENT LTD                      | DP World Crescent Ltd.                                                          | CUSIP: 260979AA7<br>LEI: 21380096JRTWB8TL9236 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $204490.60    | 0.09%             | 2035-05-08      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Federal National Mortgage Association                                           | CUSIP: 3140XPU64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5923180 | PA      | $5503090.36   | 2.40%             | 2038-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NCIG HOLDINGS PTY LTD                      | NCIG Holdings Pty. Ltd.                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | SN               | CORP              | AU        |    100000 | PA      | $108933.57    | 0.05%             | 2031-08-26      | Variable      | 12.50%                | Yes           |                  2 | On Loan: No      |
| AGCO CORP                                  | AGCO Corp.                                                                      | CUSIP: 001084AR3<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90701.85     | 0.04%             | 2027-03-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                | Bell Telephone Co. of Canada or Bell Canada                                     | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    135000 | PA      | $137350.76    | 0.06%             | 2055-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                    | Honeywell International, Inc.                                                   | CUSIP: 438516CR5<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36737.26     | 0.02%             | 2031-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                        | Bank of Nova Scotia                                                             | CUSIP: 06417XAG6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     89000 | PA      | $84478.02     | 0.04%             | 2037-05-04      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                      | American Airlines, Inc.                                                         | CUSIP: 02376CBR5<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    156768 | PA      | $155866.27    | 0.07%             | 2028-02-15      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                      | Nabors Industries, Inc.                                                         | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136249.23    | 0.06%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Groundworks LLC                            | Groundworks LLC                                                                 | CUSIP: 39954EAB9<br>LEI: 254900K8GTHJMCG1DB32 | Long             | LON              | CORP              | US        |    173633 | PA      | $173579.08    | 0.08%             | 2031-03-14      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                     | First Brands Group LLC                                                          | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    162470 | PA      | $158543.26    | 0.07%             | 2027-03-30      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                    | Walt Disney Co.                                                                 | CUSIP: 254687FL5<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |     71000 | PA      | $64975.55     | 0.03%             | 2029-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK                               | Shinhan Bank Co. Ltd.                                                           | CUSIP: 000000000<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $198528.08    | 0.09%             | 2028-03-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                      | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    162000 | PA      | $177627.64    | 0.08%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Belo Corp                                  | Belo Corp.                                                                      | CUSIP: 080555AE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $206853.80    | 0.09%             | 2027-06-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                     | Delek Logistics Partners LP/Delek Logistics Finance Corp.                       | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    124000 | PA      | $129047.92    | 0.06%             | 2029-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Project Boost Purchaser LLC                | Project Boost Purchaser LLC                                                     | CUSIP: 74339NAG1<br>LEI: 254900SVSL94NTLSDY26 | Long             | LON              | CORP              | US        |    317574 | PA      | $317743.97    | 0.14%             | 2031-07-16      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD INFRA FIN ULC                   | Brookfield Infrastructure Finance ULC                                           | CUSIP: 11276B208<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |       811 | NS      | $19739.74     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Peraton Corp                               | Peraton Corp.                                                                   | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    261431 | PA      | $232281.36    | 0.10%             | 2028-02-01      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| WINDFALL MINING GROUP                      | Windfall Mining Group, Inc./Groupe Minier Windfall, Inc.                        | CUSIP: 973244AA4<br>LEI: 984500E4L49391BFF948 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $204480.84    | 0.09%             | 2032-05-13      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                   | Connect Finco SARL/Connect U.S. Finco LLC                                       | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $201962.20    | 0.09%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                        | Gilead Sciences, Inc.                                                           | CUSIP: 375558CB7<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     61000 | PA      | $61974.48     | 0.03%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CNT HOLDINGS I CORP                        | CNT Holdings I Corp.                                                            | CUSIP: 12656AAF6<br>LEI: 254900SYIEHMSB69WT08 | Long             | LON              | CORP              | US        |    315867 | PA      | $316212.11    | 0.14%             | 2032-11-08      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                       | M&T Bank Corp.                                                                  | CUSIP: 55261FAZ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45068.40     | 0.02%             | 2035-07-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                     | Diamondback Energy, Inc.                                                        | CUSIP: 25278XAZ2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    193000 | PA      | $193456.81    | 0.08%             | 2034-04-18      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                   | Charter Communications Operating LLC/Charter Communications Operating Capital   | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     58000 | PA      | $60503.16     | 0.03%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Viasat Inc                                 | ViaSat, Inc.                                                                    | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    329196 | PA      | $323778.17    | 0.14%             | 2029-03-02      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC               | Focus Financial Partners LLC                                                    | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |    356861 | PA      | $356861.27    | 0.16%             | 2031-09-15      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Notes                                                             | CUSIP: 91282CKT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     12100 | PA      | $12348.14     | 0.01%             | 2029-05-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LONGFOR HOLDINGS LTD                       | Longfor Group Holdings Ltd.                                                     | CUSIP: 000000000<br>LEI: 254900UJX27B2F1JYR13 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $231378.53    | 0.10%             | 2027-04-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| EG GROUP LIMITED                           | EG Group Ltd.                                                                   | CUSIP: 000000000<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |    279655 | PA      | $280353.65    | 0.12%             | 2028-02-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                        | Sirius XM Radio LLC                                                             | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    460000 | PA      | $405822.78    | 0.18%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| TELESAT CANADA/TELESAT L                   | Telesat Canada/Telesat LLC                                                      | CUSIP: 87952VAP1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    155000 | PA      | $95712.50     | 0.04%             | 2027-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                    | Dell International LLC/EMC Corp.                                                | CUSIP: 24703TAL0<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     79000 | PA      | $79631.08     | 0.03%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                               | AES Andes SA                                                                    | CUSIP: 00111VAC1<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    500000 | PA      | $523516.00    | 0.23%             | 2055-06-10      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| WEYERHAEUSER CO                            | Weyerhaeuser Co.                                                                | CUSIP: 962166BY9<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |    208000 | PA      | $202561.66    | 0.09%             | 2030-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors               | State Street Navigator Securities Lending Government Money Market Portfolio     | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   7861540 | NS      | $7861540.00   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SOFTBANK GROUP CORP                        | SoftBank Group Corp.                                                            | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $198241.57    | 0.09%             | 2027-07-19      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SABLE INTL FINANCE LTD                     | Sable International Finance Ltd.                                                | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $400015.20    | 0.17%             | 2032-10-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV                        | Minejesa Capital BV                                                             | CUSIP: 000000000<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |    181562 | PA      | $179351.16    | 0.08%             | 2030-08-10      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| C&S GROUP ENTERPRISES LL                   | C&S Group Enterprises LLC                                                       | CUSIP: 12467AAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $214624.97    | 0.09%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CoreLogic Inc                              | CoreLogic, Inc.                                                                 | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |    248199 | PA      | $247112.66    | 0.11%             | 2028-06-02      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                   | Cheniere Energy Partners LP                                                     | CUSIP: 16411QAV3<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36181.49     | 0.02%             | 2035-10-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Halliburton Co                             | Halliburton Co.                                                                 | CUSIP: 406216BE0<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |     51000 | PA      | $44000.19     | 0.02%             | 2043-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ATI INC                                    | ATI, Inc.                                                                       | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157242.15    | 0.07%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                             | Open Text Corp.                                                                 | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    160000 | PA      | $149766.88    | 0.07%             | 2029-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                       | Alpha Generation LLC                                                            | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |    197014 | PA      | $196669.17    | 0.09%             | 2031-09-30      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                     | Clydesdale Acquisition Holdings, Inc.                                           | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    219000 | PA      | $223506.53    | 0.10%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group Inc              | Sinclair Television Group, Inc.                                                 | CUSIP: 82925BAG0<br>LEI: 549300CQGEN0CH65UD62 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2029-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                    | Arthur J Gallagher & Co.                                                        | CUSIP: 04316JAL3<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37327.41     | 0.02%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                               | UBS Group AG                                                                    | CUSIP: 902613AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    275000 | PA      | $275907.32    | 0.12%             | 2028-05-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CREATIVE ARTISTS AGENCY LLC                | Creative Artists Agency LLC                                                     | CUSIP: 22526WAU2<br>LEI: 5493008FV5TCFL3KHH96 | Long             | LON              | CORP              | US        |    407096 | PA      | $406926.10    | 0.18%             | 2031-10-01      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                    | Goldman Sachs Group, Inc.                                                       | CUSIP: 38141GFD1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     48000 | PA      | $52716.29     | 0.02%             | 2037-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                | PepsiCo, Inc.                                                                   | CUSIP: 713448GJ1<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     46000 | PA      | $45962.80     | 0.02%             | 2032-07-23      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                     | JB Poindexter & Co., Inc.                                                       | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41932.24     | 0.02%             | 2031-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT LLC                  | Stonepeak Nile Parent LLC                                                       | CUSIP: 86184XAB0<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |    165029 | PA      | $165338.19    | 0.07%             | 2032-04-09      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                       | Kyndryl Holdings, Inc.                                                          | CUSIP: 50155QAL4<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |     47000 | PA      | $42122.84     | 0.02%             | 2031-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                            | Gen Digital, Inc.                                                               | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     33000 | PA      | $33642.77     | 0.01%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                   | JBS USA Holding Lux SARL/JBS USA Foods Group Holdings, Inc./JBS USA Food Co.    | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $199186.00    | 0.09%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                      | Northrop Grumman Corp.                                                          | CUSIP: 666807CL4<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    311000 | PA      | $309271.97    | 0.13%             | 2034-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                    | Crescent Energy Finance LLC                                                     | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74231.62     | 0.03%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                  | ONEOK, Inc.                                                                     | CUSIP: 682680CD3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     61000 | PA      | $60424.28     | 0.03%             | 2031-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                        | Medline Borrower LP                                                             | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    237737 | PA      | $237736.63    | 0.10%             | 2028-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Connect Finco SARL                         | Connect Finco SARL                                                              | CUSIP: 000000000<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |    201437 | PA      | $197030.14    | 0.09%             | 2029-09-27      | Floating      | 8.86%                 | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI                   | HLF Financing SARL LLC/Herbalife International, Inc.                            | CUSIP: 40390DAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $276343.99    | 0.12%             | 2029-04-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                    | Public Service Co. of Colorado                                                  | CUSIP: 744448CP4<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    284000 | PA      | $279680.39    | 0.12%             | 2028-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                 | U.S. Bancorp                                                                    | CUSIP: 91159HJB7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    217000 | PA      | $184214.23    | 0.08%             | 2036-11-03      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                 | Viasat, Inc.                                                                    | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     92000 | PA      | $80105.11     | 0.03%             | 2031-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| Regions Financial Corp                     | Regions Financial Corp.                                                         | CUSIP: 7591EPAE0<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |     14000 | PA      | $15731.85     | 0.01%             | 2037-12-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PPL CAPITAL FUNDING INC                    | PPL Capital Funding, Inc.                                                       | CUSIP: 69352PAT0<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25212.54     | 0.01%             | 2034-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ATI INC                                    | ATI, Inc.                                                                       | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48536.58     | 0.02%             | 2031-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| IRIS HOLDING INC                           | Iris Holding, Inc.                                                              | CUSIP: 462914AA0<br>LEI: 54930013SPZ2NB3I3V40 | Long             | DBT              | CORP              | US        |    210000 | PA      | $195201.70    | 0.09%             | 2028-12-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Notes                                                             | CUSIP: 91282CMC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     42000 | PA      | $42943.36     | 0.02%             | 2031-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                        | Medline Borrower LP                                                             | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    240000 | PA      | $228882.02    | 0.10%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                   | Charter Communications Operating LLC/Charter Communications Operating Capital   | CUSIP: 161175BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    157000 | PA      | $139087.55    | 0.06%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                          | Cisco Systems, Inc.                                                             | CUSIP: 17275RBZ4<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    143000 | PA      | $145382.19    | 0.06%             | 2035-02-24      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ABQ FINANCE                                | ABQ Finance Ltd.                                                                | CUSIP: 000000000<br>LEI: 549300EKNBMBS9DNYE37 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $195125.50    | 0.09%             | 2026-07-06      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                        | American Express Co.                                                            | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     37000 | PA      | $38388.41     | 0.02%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                              | Carnival Corp.                                                                  | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    439000 | PA      | $442893.05    | 0.19%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dave & Buster's Inc                        | Dave & Buster's, Inc.                                                           | CUSIP: 23833EAX2<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |    294898 | PA      | $287599.54    | 0.13%             | 2029-06-29      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                             | Home Depot, Inc.                                                                | CUSIP: 437076CW0<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41897.51     | 0.02%             | 2029-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                 | Leidos, Inc.                                                                    | CUSIP: 52532XAL9<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |     44000 | PA      | $44413.02     | 0.02%             | 2035-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                        | LCM 41 Ltd.                                                                     | CUSIP: 501971AW5<br>LEI: 549300NXCNS8YRPWOQ95 | Long             | ABS-CBDO         | CORP              | JE        |   2150000 | PA      | $2149883.90   | 0.94%             | 2036-04-15      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL                   | Martin Marietta Materials, Inc.                                                 | CUSIP: 573284AW6<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |     41000 | PA      | $36021.18     | 0.02%             | 2031-07-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                 | Viasat, Inc.                                                                    | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117824.95    | 0.05%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                      | NGL Energy Operating LLC/NGL Energy Finance Corp.                               | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146730.24    | 0.06%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NBK TIER 2 LTD                             | Nbk Tier 2 Ltd.                                                                 | CUSIP: 000000000<br>LEI: 549300GS015OCXR89U13 | Long             | DBT              | CORP              | AE        |    330000 | PA      | $325650.93    | 0.14%             | 2030-11-24      | Fixed         | 2.50%                 | No            |                  2 | On Loan: —       |
| CVS Health Corp                            | CVS Health Corp.                                                                | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    155000 | PA      | $136007.14    | 0.06%             | 2045-07-20      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                           | CSC Holdings LLC                                                                | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $98607.52     | 0.04%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                     | HAT Holdings I LLC/HAT Holdings II LLC                                          | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     77000 | PA      | $75531.61     | 0.03%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Corel Corporation                          | Corel Corp.                                                                     | CUSIP: 21871LAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    159211 | PA      | $150056.56    | 0.07%             | 2026-07-02      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO LLC                | Beach Acquisition Bidco LLC                                                     | CUSIP: 000000000<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |    160207 | PA      | $161141.19    | 0.07%             | 2032-06-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                    | John Deere Capital Corp.                                                        | CUSIP: 24422EXN4<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40712.79     | 0.02%             | 2031-03-07      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Company Inc.                  | Boxer Parent Co., Inc.                                                          | CUSIP: 05988HAL1<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |     75000 | PA      | $73781.25     | 0.03%             | 2032-07-30      | Floating      | 10.08%                | No            |                  2 | On Loan: No      |
| TRINSEO LUX/TRINSEO NA                     | Trinseo Luxco Finance SPV SARL/Trinseo NA Finance SPV LLC                       | CUSIP: 89668JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    117243 | PA      | $66242.30     | 0.03%             | 2029-05-03      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER                           | Triton Container International Ltd.                                             | CUSIP: 89680YAC9<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |    401000 | PA      | $347913.43    | 0.15%             | 2031-06-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                  | PG&E Corp.                                                                      | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $964982.44    | 0.42%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Verifone Systems Inc                       | Verifone Systems, Inc.                                                          | CUSIP: 000000000<br>LEI: 254900LTTVM8MM9RKV75 | Long             | LON              | CORP              | US        |    333671 | PA      | $322270.73    | 0.14%             | 2028-08-18      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                            | CVS Health Corp.                                                                | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    262000 | PA      | $269556.08    | 0.12%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                   | Focus Financial Partners LLC                                                    | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204382.76    | 0.09%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AI AQUA MERGER SUB INC                     | AI Aqua Merger Sub, Inc.                                                        | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |    317350 | PA      | $317010.13    | 0.14%             | 2028-07-31      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| TRIMBLE INC                                | Trimble, Inc.                                                                   | CUSIP: 896239AE0<br>LEI: 549300E2MI7NSZFQWS19 | Long             | DBT              | CORP              | US        |    228000 | PA      | $241531.96    | 0.11%             | 2033-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                           | ITT Holdings LLC                                                                | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    375000 | PA      | $357190.80    | 0.16%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PODS LLC                                   | PODS LLC                                                                        | CUSIP: 73044EAB0<br>LEI: 984500EC4ZCD5U1SDF04 | Long             | LON              | CORP              | US        |    234391 | PA      | $221792.66    | 0.10%             | 2028-03-31      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                   | Anheuser-Busch InBev Worldwide, Inc.                                            | CUSIP: 035240AV2<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    258000 | PA      | $248094.88    | 0.11%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                      | QXO Building Products, Inc.                                                     | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    119000 | PA      | $122543.11    | 0.05%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 61747YES0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28003.60     | 0.01%             | 2037-04-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                             | S&P Global, Inc.                                                                | CUSIP: 78409VBJ2<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    379000 | PA      | $358383.32    | 0.16%             | 2029-03-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| PLANET FINANCIAL GROUP                     | Planet Financial Group LLC                                                      | CUSIP: 72702AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $204078.60    | 0.09%             | 2029-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                          | Rakuten Group, Inc.                                                             | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $273729.31    | 0.12%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                   | Sumitomo Mitsui Financial Group, Inc.                                           | CUSIP: 86562MDZ0<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $200129.53    | 0.09%             | 2033-07-08      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                       | Capstone Copper Corp.                                                           | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |    144000 | PA      | $146757.31    | 0.06%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                  | Kroger Co.                                                                      | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |     33000 | PA      | $32643.64     | 0.01%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                  | HUB International Ltd.                                                          | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |    251498 | PA      | $251749.76    | 0.11%             | 2030-06-20      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                | Asurion LLC                                                                     | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    355548 | PA      | $333400.23    | 0.15%             | 2029-01-20      | Floating      | 9.72%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                        | Station Casinos LLC                                                             | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    252000 | PA      | $256969.19    | 0.11%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                     | Delek Logistics Partners LP/Delek Logistics Finance Corp.                       | CUSIP: 24665FAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $163107.97    | 0.07%             | 2033-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                     | Froneri Lux FinCo SARL                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    171118 | PA      | $170503.37    | 0.07%             | 2032-07-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RACKSPACE FINANCE LLC                      | Rackspace Finance LLC                                                           | CUSIP: 75008WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    401300 | PA      | $189614.25    | 0.08%             | 2028-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                    | Hyundai Capital America                                                         | CUSIP: 44891ADK0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63163.26     | 0.03%             | 2027-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                           | Ryder System, Inc.                                                              | CUSIP: 78355HLB3<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     38000 | PA      | $39258.19     | 0.02%             | 2029-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KUEHG CORP                                 | KUEHG Corp.                                                                     | CUSIP: 50118YAH2<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |    148243 | PA      | $148242.65    | 0.06%             | 2030-06-12      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| MINERALS TECHNOLOGIES IN                   | Minerals Technologies, Inc.                                                     | CUSIP: 603158AA4<br>LEI: 549300D3I1QU67GP6403 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196886.00    | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                    | Crescent Energy Finance LLC                                                     | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    193000 | PA      | $188601.12    | 0.08%             | 2032-04-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors               | State Street Institutional U.S. Government Money Market Fund                    | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    100228 | NS      | $100227.96    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Zayo Group Holdings Inc                    | Zayo Group Holdings, Inc.                                                       | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    425000 | PA      | $410337.49    | 0.18%             | 2027-03-09      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     43000 | PA      | $43541.20     | 0.02%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH EDISON CO                     | Commonwealth Edison Co.                                                         | CUSIP: 202795KB5<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13472.75     | 0.01%             | 2055-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                | Walmart, Inc.                                                                   | CUSIP: 931142EX7<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    151000 | PA      | $150758.53    | 0.07%             | 2027-09-09      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                | Purchased USD / Sold JPY                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $91343.69     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                        | Elevance Health, Inc.                                                           | CUSIP: 036752AL7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    145000 | PA      | $135870.50    | 0.06%             | 2029-09-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association   | Government National Mortgage Association                                        | CUSIP: 36179WNF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1561750 | PA      | $1365743.24   | 0.60%             | 2051-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EOC Borrower LLC                           | EOC Borrower LLC                                                                | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    314589 | PA      | $314195.34    | 0.14%             | 2032-03-24      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                      | Accenture Capital, Inc.                                                         | CUSIP: 00440KAD5<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |     41000 | PA      | $39676.13     | 0.02%             | 2034-10-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                              | Carnival Corp.                                                                  | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     30000 | PA      | $30203.10     | 0.01%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                     | Mauser Packaging Solutions Holding Co.                                          | CUSIP: 57763RAB3<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |     53000 | PA      | $52721.23     | 0.02%             | 2026-08-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                  | Gainwell Acquisition Corp.                                                      | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    223828 | PA      | $219911.13    | 0.10%             | 2027-10-01      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| WHATABRANDS LLC                            | Whatabrands LLC                                                                 | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |    205740 | PA      | $205701.47    | 0.09%             | 2028-08-03      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                               | AES Corp.                                                                       | CUSIP: 00130HCH6<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45725.25     | 0.02%             | 2028-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                 | goeasy Ltd.                                                                     | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    218000 | PA      | $224485.18    | 0.10%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| TRANS-ALLEGHENY INTERSTA                   | Trans-Allegheny Interstate Line Co.                                             | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35454.99     | 0.02%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Icebox Holdco III Inc                      | Icebox Holdco III, Inc.                                                         | CUSIP: 45114NAB3<br>LEI: 254900DLB65AKI8CQ466 | Long             | LON              | CORP              | US        |    143553 | PA      | $143941.43    | 0.06%             | 2028-12-22      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| Veritiv Corporation                        | Veritiv Corp.                                                                   | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |    207023 | PA      | $207627.33    | 0.09%             | 2030-11-30      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                        | Travel & Leisure Co.                                                            | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    155000 | PA      | $148829.90    | 0.06%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                        | LBM Acquisition LLC                                                             | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    232000 | PA      | $203580.00    | 0.09%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| Goldman Sachs International                | Purchased USD / Sold JPY                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $89043.38     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CITY OF ULAANBAATAAR MON                   | City of Ulaanbaatar Mongolia                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |    200000 | PA      | $203299.39    | 0.09%             | 2027-08-21      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSPORT DE GAS PERU                      | Transportadora de Gas del Peru SA                                               | CUSIP: 000000000<br>LEI: 529900SKHHNI5HVI0Y66 | Long             | DBT              | CORP              | PE        |    120000 | PA      | $118767.61    | 0.05%             | 2028-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                   | Perrigo Finance Unlimited Co.                                                   | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    310000 | PA      | $313244.46    | 0.14%             | 2032-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                             | Wynn Macau Ltd.                                                                 | CUSIP: 98313RAJ5<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $206400.00    | 0.09%             | 2029-03-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                 | Fiserv, Inc.                                                                    | CUSIP: 337738BN7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50664.75     | 0.02%             | 2034-08-12      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| HANWHA LIFE INSURANCE                      | Hanwha Life Insurance Co. Ltd.                                                  | CUSIP: 41135UAC9<br>LEI: 988400ZKCI3R9DQHR320 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $205890.24    | 0.09%             | 2055-06-24      | Fixed         | 6.30%                 | No            |                  2 | On Loan: —       |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     68000 | PA      | $70213.41     | 0.03%             | 2039-02-07      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                          | L3Harris Technologies, Inc.                                                     | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41053.97     | 0.02%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                       | Royal Bank of Canada                                                            | CUSIP: 78017DAF5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     91000 | PA      | $91348.16     | 0.04%             | 2028-03-27      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| GOODNIGHT WATER SOLUTIONS LLC              | Goodnight Water Solutions Holdings LLC                                          | CUSIP: 38238YAC3<br>LEI: 254900CZJ6KUEVU9QV27 | Long             | LON              | CORP              | US        |    198942 | PA      | $199687.83    | 0.09%             | 2029-06-04      | Floating      | 8.36%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                   | Pioneer Natural Resources Co.                                                   | CUSIP: 723787AV9<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28104.39     | 0.01%             | 2026-03-29      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 21-1 A PPT                     | British Airways Pass-Through Trust                                              | CUSIP: 11042CAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14131 | PA      | $12776.56     | 0.01%             | 2035-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| APPLIED MATERIALS INC                      | Applied Materials, Inc.                                                         | CUSIP: 038222AS4<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    245000 | PA      | $249577.19    | 0.11%             | 2029-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                              | Boeing Co.                                                                      | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37944.76     | 0.02%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                     | UnitedHealth Group, Inc.                                                        | CUSIP: 91324PFA5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     48000 | PA      | $48502.60     | 0.02%             | 2031-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| VM CONSOLIDATED INC                        | VM Consolidated, Inc.                                                           | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245414.68    | 0.11%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                 | DaVita, Inc.                                                                    | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206258.00    | 0.09%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                         | Royalty Pharma PLC                                                              | CUSIP: 78081BAQ6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     40000 | PA      | $40735.33     | 0.02%             | 2029-09-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                     | CCO Holdings LLC/CCO Holdings Capital Corp.                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    395000 | PA      | $375326.52    | 0.16%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                         | Crown Americas LLC                                                              | CUSIP: 228180AB1<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141527.54    | 0.06%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                 | Amneal Pharmaceuticals LLC                                                      | CUSIP: 03167DAR5<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |    146268 | PA      | $146085.30    | 0.06%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ERP OPERATING LP                           | ERP Operating LP                                                                | CUSIP: 26884ABQ5<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              |  | US        |     13000 | PA      | $13106.19     | 0.01%             | 2032-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                     | Motorola Solutions, Inc.                                                        | CUSIP: 620076CC1<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45900.85     | 0.02%             | 2035-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                    | Hyundai Capital America                                                         | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     33000 | PA      | $33103.32     | 0.01%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                    | John Deere Capital Corp.                                                        | CUSIP: 24422EYE3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62320.11     | 0.03%             | 2030-06-05      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                        | Sherwin-Williams Co.                                                            | CUSIP: 824348BT2<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35228.83     | 0.02%             | 2031-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PACKAGING CORP OF AMERIC                   | Packaging Corp. of America                                                      | CUSIP: 695156AX7<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | DBT              | CORP              | US        |    171000 | PA      | $177906.64    | 0.08%             | 2033-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                | Nutrien Ltd.                                                                    | CUSIP: 67077MBC1<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |     40000 | PA      | $40467.05     | 0.02%             | 2027-06-21      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| KELLANOVA                                  | Kellanova                                                                       | CUSIP: 487836AT5<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | DBT              | CORP              | US        |    113000 | PA      | $128577.29    | 0.06%             | 2031-04-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                       | Lockheed Martin Corp.                                                           | CUSIP: 539830CG2<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59393.86     | 0.03%             | 2031-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                      | Athene Global Funding                                                           | CUSIP: 04685A4D0<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    109000 | PA      | $109644.84    | 0.05%             | 2031-11-13      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                               | Acrisure LLC                                                                    | CUSIP: 00488PAX3<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    135243 | PA      | $135073.64    | 0.06%             | 2032-06-21      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| Park River Holdings Inc                    | Park River Holdings, Inc.                                                       | CUSIP: 70082HAC0<br>LEI: 254900PGY077KWCROT75 | Long             | LON              | CORP              | US        |    319590 | PA      | $314111.57    | 0.14%             | 2027-12-28      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.   | Project Alpha Intermediate Holding, Inc.                                        | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    252251 | PA      | $252644.84    | 0.11%             | 2030-10-26      | Floating      | 7.55%                 | 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        |    200000 | PA      | $173023.12    | 0.08%             | 2031-04-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| UFC HOLDINGS LLC                           | UFC Holdings LLC                                                                | CUSIP: 90266UAK9<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |     37283 | PA      | $37372.85     | 0.02%             | 2031-11-21      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp.                                                           | CUSIP: 06051GMB2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51091.98     | 0.02%             | 2035-08-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                    | Procter & Gamble Co.                                                            | CUSIP: 742718EV7<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |     92000 | PA      | $89728.68     | 0.04%             | 2027-08-11      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                          | Herc Holdings, Inc.                                                             | CUSIP: 000000000<br>LEI: 549300TP80QLITMSBP82 | Long             | LON              | CORP              | US        |     39611 | PA      | $39740.22     | 0.02%             | 2032-06-02      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                           | HF Sinclair Corp.                                                               | CUSIP: 403949AQ3<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29925.90     | 0.01%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                    | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAG8<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |     73000 | PA      | $74603.96     | 0.03%             | 2030-03-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                                | Valaris Ltd.                                                                    | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $258222.56    | 0.11%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| American Express Co                        | American Express Co.                                                            | CUSIP: 025816CA5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54951.57     | 0.02%             | 2025-11-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                              | DTE Energy Co.                                                                  | CUSIP: 233331BJ5<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    149000 | PA      | $150565.80    | 0.07%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                 | Intel Corp.                                                                     | CUSIP: 458140CA6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37632.14     | 0.02%             | 2032-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC              | Truist Insurance Holdings LLC                                                   | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    117524 | PA      | $117451.01    | 0.05%             | 2031-05-06      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                   | Liberty Mutual Group, Inc.                                                      | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   1822000 | PA      | $1118460.23   | 0.49%             | 2061-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| WEYERHAEUSER CO                            | Weyerhaeuser Co.                                                                | CUSIP: 962166CC6<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |     68000 | PA      | $68079.68     | 0.03%             | 2026-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERSYS                                    | EnerSys                                                                         | CUSIP: 29275YAC6<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147343.55    | 0.06%             | 2027-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                    | Kodiak Gas Services LLC                                                         | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    185000 | PA      | $189466.09    | 0.08%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Arini US CLO Limited                       | Arini U.S. CLO II Ltd.                                                          | CUSIP: 04039BAG7<br>LEI: 2549001Z731V3ALGMH47 | Long             | ABS-CBDO         | CORP              | KY        |    775000 | PA      | $775107.73    | 0.34%             | 2038-03-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Gulfside Supply Inc                        | Gulfside Supply, Inc.                                                           | CUSIP: 40273UAE9<br>LEI: 5493009BEGVKVXE2HW08 | Long             | LON              | CORP              | US        |    297447 | PA      | $297818.69    | 0.13%             | 2031-06-17      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                     | Williams Cos., Inc.                                                             | CUSIP: 96949LAD7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     81000 | PA      | $79847.88     | 0.03%             | 2027-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Federal Home Loan Mortgage Corp.                                                | CUSIP: 3132DWDR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1295177 | PA      | $1065125.96   | 0.46%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                   | Amcor Flexibles North America, Inc.                                             | CUSIP: 02344AAA6<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    180000 | PA      | $161173.03    | 0.07%             | 2031-05-25      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                      | Novartis Capital Corp.                                                          | CUSIP: 66989HAU2<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |     47000 | PA      | $46025.77     | 0.02%             | 2031-09-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                          | General Motors Co.                                                              | CUSIP: 37045VBC3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     49000 | PA      | $49795.49     | 0.02%             | 2028-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                   | Caterpillar Financial Services Corp.                                            | CUSIP: 14913UAL4<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27352.48     | 0.01%             | 2027-05-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                       | Raizen Fuels Finance SA                                                         | CUSIP: 000000000<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $198485.80    | 0.09%             | 2034-03-05      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| AT&T Inc                                   | AT&T, Inc.                                                                      | CUSIP: 00206RGL0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    325000 | PA      | $322753.42    | 0.14%             | 2028-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                   | Caterpillar Financial Services Corp.                                            | CUSIP: 14913UAY6<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     81000 | PA      | $81343.31     | 0.04%             | 2028-03-03      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                             | Hertz Corp.                                                                     | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    129000 | PA      | $116679.42    | 0.05%             | 2026-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| Mavis Tire Express Services Corp.          | Mavis Tire Express Services Corp.                                               | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |    384686 | PA      | $385097.51    | 0.17%             | 2028-05-04      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                             | Air Lease Corp.                                                                 | CUSIP: 00912XBJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    129000 | PA      | $127428.52    | 0.06%             | 2026-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SUPPLYONE INC                              | SupplyOne, Inc.                                                                 | CUSIP: 86859CAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    269219 | PA      | $270160.82    | 0.12%             | 2031-04-21      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                                | Ameren Corp.                                                                    | CUSIP: 023608AP7<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    346000 | PA      | $350678.13    | 0.15%             | 2026-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                              | Citigroup, Inc.                                                                 | CUSIP: 172967KA8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99719.16     | 0.04%             | 2027-09-29      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                      | Quikrete Holdings, Inc.                                                         | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    205408 | PA      | $205236.70    | 0.09%             | 2031-04-14      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                   | Ashton Woods USA LLC/Ashton Woods Finance Co.                                   | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $214540.48    | 0.09%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAPITAL                    | GlaxoSmithKline Capital, Inc.                                                   | CUSIP: 377372AP2<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |     47000 | PA      | $47103.38     | 0.02%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                        | United Airlines, Inc.                                                           | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170890.13    | 0.07%             | 2029-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                           | Wand NewCo 3, Inc.                                                              | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |    199123 | PA      | $198731.57    | 0.09%             | 2031-01-30      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| COBRA ACQUISITIONCO LLC                    | Cobra AcquisitionCo LLC                                                         | CUSIP: 19106CAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $283454.50    | 0.12%             | 2029-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III LLC                   | Windsor Holdings III LLC                                                        | CUSIP: 97360BAH8<br>LEI: 254900IXUJZ9H146T437 | Long             | LON              | CORP              | US        |    248750 | PA      | $247972.66    | 0.11%             | 2030-08-01      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                       | Veritiv Operating Co.                                                           | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    185000 | PA      | $200517.25    | 0.09%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                      | Becton Dickinson & Co.                                                          | CUSIP: 075887CQ0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |     68000 | PA      | $68534.62     | 0.03%             | 2028-02-13      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                      | TransCanada PipeLines Ltd.                                                      | CUSIP: 89352HBG3<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1008391.91   | 0.44%             | 2065-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                     | Cushman & Wakefield U.S. Borrower LLC                                           | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    275000 | PA      | $277086.97    | 0.12%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Brown Group Holding LLC                    | Brown Group Holding LLC                                                         | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    131097 | PA      | $131301.95    | 0.06%             | 2031-07-01      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| NEXUS BUYER LLC                            | Nexus Buyer LLC                                                                 | CUSIP: 65343UAH5<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |    337848 | PA      | $338692.76    | 0.15%             | 2031-07-31      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Bills                                                             | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1500000 | PA      | $1496420.00   | 0.65%             | 2025-08-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Groundworks LLC                            | Groundworks LLC                                                                 | CUSIP: 39954EAC7<br>LEI: 254900K8GTHJMCG1DB32 | Long             | LON              | CORP              | US        |     32228 | PA      | $32218.14     | 0.01%             | 2031-03-14      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA                        | Fifth Third Bank NA                                                             | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251505.93    | 0.11%             | 2028-01-28      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                       | Waste Management, Inc.                                                          | CUSIP: 94106LBX6<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |     78000 | PA      | $79068.50     | 0.03%             | 2027-07-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                      | Melco Resorts Finance Ltd.                                                      | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    225000 | PA      | $214553.43    | 0.09%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Federal Home Loan Mortgage Corp.                                                | CUSIP: 3132DWNJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    939691 | PA      | $934973.42    | 0.41%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Foley Products Company LLC                 | Foley Products Co. LLC                                                          | CUSIP: 34430DAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    173600 | PA      | $174250.89    | 0.08%             | 2028-12-29      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                            | Caterpillar, Inc.                                                               | CUSIP: 149123CK5<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |    311000 | PA      | $273632.45    | 0.12%             | 2031-03-12      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                        | American Express Co.                                                            | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    165000 | PA      | $166510.37    | 0.07%             | 2028-02-16      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Herschend Entertainment Company, LLC       | Herschend Entertainment Co. LLC                                                 | CUSIP: 42778EAG6<br>LEI: 54930087KQ7RPDXK0716 | Long             | LON              | CORP              | US        |    140702 | PA      | $141756.80    | 0.06%             | 2032-05-27      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                     | EquipmentShare.com, Inc.                                                        | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    276000 | PA      | $288146.76    | 0.13%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                         | Expand Energy Corp.                                                             | CUSIP: 845467AT6<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     68000 | PA      | $66048.24     | 0.03%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE                   | First Citizens BancShares, Inc.                                                 | CUSIP: 31959XAF0<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |     33000 | PA      | $33010.51     | 0.01%             | 2040-03-12      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                      | Genesis Energy LP/Genesis Energy Finance Corp.                                  | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15551.36     | 0.01%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WASTE CONNECTIONS INC                      | Waste Connections, Inc.                                                         | CUSIP: 94106BAJ0<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |     22000 | PA      | $22315.63     | 0.01%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                    | HCA, Inc.                                                                       | CUSIP: 404119CT4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46251.92     | 0.02%             | 2031-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                   | Warnermedia Holdings, Inc.                                                      | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     41000 | PA      | $34429.34     | 0.02%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: —       |
| KEYCORP                                    | KeyCorp                                                                         | CUSIP: 49326EEQ2<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |     42000 | PA      | $42451.06     | 0.02%             | 2031-04-04      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| UNITED TALENT AGENCY LLC                   | United Talent Agency LLC                                                        | CUSIP: 91301QAN7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    231150 | PA      | $231150.19    | 0.10%             | 2032-06-10      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| AHEAD DB HOLDINGS LLC                      | Ahead DB Holdings LLC                                                           | CUSIP: 00866HAH8<br>LEI: 254900L07WFL833JX193 | Long             | LON              | CORP              | US        |    193715 | PA      | $193818.62    | 0.08%             | 2031-02-03      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                      | Civitas Resources, Inc.                                                         | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    133000 | PA      | $135691.26    | 0.06%             | 2030-11-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                        | Silgan Holdings, Inc.                                                           | CUSIP: 827048AW9<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97131.78     | 0.04%             | 2028-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC            | ABG Intermediate Holdings 2 LLC                                                 | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |    245264 | PA      | $244913.77    | 0.11%             | 2028-12-21      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| PEGASUS BIDCO BV                           | Pegasus Bidco BV                                                                | CUSIP: 000000000<br>LEI: 254900U303DPAFR7MA71 | Long             | LON              | CORP              | NL        |    315587 | PA      | $315718.12    | 0.14%             | 2029-07-12      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Groupe Solmax Inc                          | Groupe Solmax, Inc.                                                             | CUSIP: 000000000<br>LEI: 549300UUEKZ3HF9FNI46 | Long             | LON              | CORP              | CA        |    205646 | PA      | $169829.21    | 0.07%             | 2028-05-29      | Floating      | 9.31%                 | No            |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                   | Virgin Media Bristol LLC                                                        | CUSIP: 000000000<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |    426000 | PA      | $416681.25    | 0.18%             | 2031-03-31      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                   | Charter Communications Operating LLC/Charter Communications Operating Capital   | CUSIP: 161175BZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     73000 | PA      | $52009.63     | 0.02%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                     | GE HealthCare Technologies, Inc.                                                | CUSIP: 36266GAC1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |     23000 | PA      | $23477.22     | 0.01%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                      | Civitas Resources, Inc.                                                         | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82286.33     | 0.04%             | 2033-06-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                              | FirstCash, Inc.                                                                 | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195539.99    | 0.09%             | 2028-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO                     | Allegion U.S. Holding Co., Inc.                                                 | CUSIP: 01748TAC5<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |    116000 | PA      | $119138.22    | 0.05%             | 2032-07-01      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Endo Luxembourg Finance Company I S.a r.l. | Endo Luxembourg Finance Co. I SARL                                              | CUSIP: 29280UAD5<br>LEI: 222100B15VY0VVCTG251 | Long             | LON              | CORP              | US        |    189825 | PA      | $190299.65    | 0.08%             | 2031-04-23      | Floating      | 8.36%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc        | Clydesdale Acquisition Holdings, Inc.                                           | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    198538 | PA      | $198455.40    | 0.09%             | 2029-04-13      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                           | CSC Holdings LLC                                                                | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |    103885 | PA      | $102249.66    | 0.04%             | 2027-04-15      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                 | Humana, Inc.                                                                    | CUSIP: 444859BV3<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    418000 | PA      | $432238.47    | 0.19%             | 2033-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                     | Regions Financial Corp.                                                         | CUSIP: 7591EPAU4<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |     58000 | PA      | $59941.50     | 0.03%             | 2030-06-06      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDINGS LLC                     | Hightower Holding LLC                                                           | CUSIP: 43117LAN3<br>LEI: 254900MKOSB7RTMA9K12 | Long             | LON              | CORP              | US        |    237024 | PA      | $235543.10    | 0.10%             | 2032-02-03      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Federal National Mortgage Association                                           | CUSIP: 31418ET42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2077137 | PA      | $1973480.52   | 0.86%             | 2053-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                           | CSC Holdings LLC                                                                | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    235000 | PA      | $157976.57    | 0.07%             | 2030-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                     | Blackstone Mortgage Trust, Inc.                                                 | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |    157000 | PA      | $165962.66    | 0.07%             | 2029-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                    | Algonquin Power & Utilities Corp.                                               | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |     22000 | PA      | $22116.63     | 0.01%             | 2026-06-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Federal Home Loan Mortgage Corp.                                                | CUSIP: 3142J6AN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1491073 | PA      | $1451688.83   | 0.63%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AFRICA FINANCE CORP                        | Africa Finance Corp.                                                            | CUSIP: 00830YAF8<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $202493.83    | 0.09%             | 2029-10-08      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Federal National Mortgage Association                                           | CUSIP: 3140XMV86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6540098 | PA      | $5362178.48   | 2.34%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                       | Cleveland-Cliffs, Inc.                                                          | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    325000 | PA      | $317073.12    | 0.14%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| STRATHCONA RESOURCES                       | Strathcona Resources Ltd.                                                       | CUSIP: 86304TAA6<br>LEI: 549300YNIUISTSZMLF56 | Long             | DBT              | CORP              | CA        |    270000 | PA      | $270338.04    | 0.12%             | 2026-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                   | AT&T, Inc.                                                                      | CUSIP: 00206RMT6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20438.58     | 0.01%             | 2034-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Tidal Waste & Recycling Holdings LLC       | Tidal Waste & Recycling Holdings LLC                                            | CUSIP: 88636PAK7<br>LEI: 254900IQT82RE5KFAZ50 | Long             | LON              | CORP              | US        |    259350 | PA      | $260810.14    | 0.11%             | 2031-10-24      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                   | Antero Midstream Partners LP/Antero Midstream Finance Corp.                     | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $169738.03    | 0.07%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFTWARE HOLDINGS INC               | Helios Software Holdings, Inc.                                                  | CUSIP: 42328DAK4<br>LEI: 2138002XO5EAYFHPPT53 | Long             | LON              | CORP              | US        |    237808 | PA      | $236024.33    | 0.10%             | 2030-07-18      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                         | Energy Transfer LP                                                              | CUSIP: 292480AL4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    162000 | PA      | $163919.22    | 0.07%             | 2028-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BELLA HOLDING COMPANY LLC                  | Bella Holding Co. LLC                                                           | CUSIP: 54317EAG9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    359790 | PA      | $360174.96    | 0.16%             | 2028-05-10      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| MEITUAN                                    | Meituan                                                                         | CUSIP: 58533EAF0<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199474.94    | 0.09%             | 2029-10-02      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                         | Credit Agricole SA                                                              | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $254084.37    | 0.11%             | 2031-05-27      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                        | JPMorgan Chase & Co.                                                            | CUSIP: 46647PAF3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    242000 | PA      | $238087.29    | 0.10%             | 2028-05-01      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| Atlas Sand Company LLC                     | Atlas Sand Co. LLC                                                              | CUSIP: 000000000<br>LEI: 254900S0WFQCB3Q3KE08 | Long             | LON              | CORP              | US        |    108713 | PA      | $105994.95    | 0.05%             | 2026-01-31      | Fixed         | 5.00%                 | Yes           |                  3 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                    | Sotera Health Holdings LLC                                                      | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |    102000 | PA      | $105516.14    | 0.05%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                    | Dell International LLC/EMC Corp.                                                | CUSIP: 24703DBP5<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     95000 | PA      | $93994.56     | 0.04%             | 2030-02-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| RelaDyne Inc                               | RelaDyne, Inc.                                                                  | CUSIP: 00149HAC8<br>LEI: 5493000EBDLH9PYWBS30 | Long             | LON              | CORP              | US        |    426616 | PA      | $427504.27    | 0.19%             | 2030-12-23      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Federal National Mortgage Association                                           | CUSIP: 31418EV80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1302236 | PA      | $1297613.67   | 0.57%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Federal Home Loan Mortgage Corp.                                                | CUSIP: 3132DWH22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1799278 | PA      | $1792469.78   | 0.78%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group Inc                     | AthenaHealth Group, Inc.                                                        | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    319989 | PA      | $319360.35    | 0.14%             | 2029-02-15      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                      | Aon North America, Inc.                                                         | CUSIP: 03740MAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    287000 | PA      | $295649.44    | 0.13%             | 2031-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                   | Agilent Technologies, Inc.                                                      | CUSIP: 00846UAL5<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |     89000 | PA      | $83200.80     | 0.04%             | 2029-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                              | Cable One, Inc.                                                                 | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |    284000 | PA      | $218691.08    | 0.10%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| REPUBLIC SERVICES INC                      | Republic Services, Inc.                                                         | CUSIP: 760759BL3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     68000 | PA      | $69050.68     | 0.03%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRITISH COLUMBIA PROV OF                   | Province of British Columbia                                                    | CUSIP: 11070TAM0<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |     71000 | PA      | $69452.86     | 0.03%             | 2033-07-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PUG LLC                                    | PUG LLC                                                                         | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |    234367 | PA      | $232022.92    | 0.10%             | 2030-03-15      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc      | Petco Health & Wellness Co., Inc.                                               | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |    368078 | PA      | $344267.95    | 0.15%             | 2028-03-03      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| GREYSTAR REAL ESTATE PAR                   | Greystar Real Estate Partners LLC                                               | CUSIP: 39807UAD8<br>LEI: 254900HGC806SXAS4M46 | Long             | DBT              | CORP              | US        |    110000 | PA      | $116291.45    | 0.05%             | 2030-09-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| OUTCOMES GROUP HOLDINGS INC                | Outcomes Group Holdings, Inc.                                                   | CUSIP: 69002CAD8<br>LEI: 5493005V7ZG5K84MO728 | Long             | LON              | CORP              | US        |    180505 | PA      | $181182.38    | 0.08%             | 2031-05-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                     | Chubb INA Holdings LLC                                                          | CUSIP: 171239AL0<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    113000 | PA      | $114457.05    | 0.05%             | 2029-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                     | Mauser Packaging Solutions Holding Co.                                          | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60523.56     | 0.03%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOG             | Seagate Data Storage Technology Pte. Ltd.                                       | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    150000 | PA      | $158418.35    | 0.07%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                       | Kraft Heinz Foods Co.                                                           | CUSIP: 50077LBM7<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35249.69     | 0.02%             | 2032-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| GOODMAN US FINANCE SIX                     | Goodman U.S. Finance Six LLC                                                    | CUSIP: 38239EAC6<br>LEI: N/A                  | Long             | DBT              |  | US        |     25000 | PA      | $24804.26     | 0.01%             | 2034-10-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                         | Steel Dynamics, Inc.                                                            | CUSIP: 858119BQ2<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40498.00     | 0.02%             | 2034-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HOLDINGS LLC                 | Sotera Health Holdings LLC                                                      | CUSIP: 83600VAG6<br>LEI: 549300OVT7MBXFLOFU20 | Long             | LON              | CORP              | US        |    398995 | PA      | $400491.20    | 0.17%             | 2031-05-30      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Covetrus Inc                               | Covetrus, Inc.                                                                  | CUSIP: 22304EAC0<br>LEI: 5493009S30DUFCF75V87 | Long             | LON              | CORP              | US        |    268774 | PA      | $244584.36    | 0.11%             | 2029-10-13      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                        | Cardinal Health, Inc.                                                           | CUSIP: 14149YBN7<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107112.23    | 0.05%             | 2029-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NWD MTN LTD                                | NWD MTN Ltd.                                                                    | CUSIP: 000000000<br>LEI: 254900STSWBVJ5FV9O74 | Long             | DBT              | CORP              | VG        |    250000 | PA      | $165543.94    | 0.07%             | 2028-02-08      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: —       |
| HORMEL FOODS CORP                          | Hormel Foods Corp.                                                              | CUSIP: 440452AK6<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62426.66     | 0.03%             | 2027-03-30      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                        | American Tower Corp.                                                            | CUSIP: 03027XBS8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     55000 | PA      | $47706.94     | 0.02%             | 2031-09-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| LENNOX INTERNATIONAL INC                   | Lennox International, Inc.                                                      | CUSIP: 526107AG2<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |     64000 | PA      | $65689.97     | 0.03%             | 2028-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                         | Ally Financial, Inc.                                                            | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    380000 | PA      | $394618.01    | 0.17%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| BNP PARIBAS                                | BNP Paribas SA                                                                  | CUSIP: 09659W2Z6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    128000 | PA      | $130394.35    | 0.06%             | 2030-11-19      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                    | Park River Holdings, Inc.                                                       | CUSIP: 70082LAB3<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    280000 | PA      | $244423.65    | 0.11%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| PEPSICO INC                                | PepsiCo, Inc.                                                                   | CUSIP: 713448GA0<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     61000 | PA      | $61498.89     | 0.03%             | 2028-02-07      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PERTAMINA HULU ENERGI PT                   | Pertamina Hulu Energi PT                                                        | CUSIP: 74448WAA2<br>LEI: 2549003IT1KDHL64C037 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $202592.00    | 0.09%             | 2030-05-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TECTA AMERICA CORP                         | Tecta America Corp.                                                             | CUSIP: 000000000<br>LEI: 54930083ULRH07WCC129 | Long             | LON              | CORP              | US        |     54385 | PA      | $54470.26     | 0.02%             | 2032-02-18      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| DARDEN RESTAURANTS INC                     | Darden Restaurants, Inc.                                                        | CUSIP: 237194AP0<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |     31000 | PA      | $30937.87     | 0.01%             | 2027-10-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BANK OF EAST ASIA LTD                      | Bank of East Asia Ltd.                                                          | CUSIP: 000000000<br>LEI: CO6GC26LCGGRTUESIP55 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $249750.00    | 0.11%             | 2025-10-21      | Fixed         | 5.83%                 | No            |                  2 | On Loan: —       |
| CITIGROUP INC                              | Citigroup, Inc.                                                                 | CUSIP: 172967NU1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    296000 | PA      | $295393.70    | 0.13%             | 2033-05-24      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                           | Crown Castle, Inc.                                                              | CUSIP: 22822VBD2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |     41000 | PA      | $42275.85     | 0.02%             | 2029-06-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY SR INC                        | Arbor Realty SR, Inc.                                                           | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              |  | US        |    280000 | PA      | $285934.61    | 0.12%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UKG Inc                                    | UKG, Inc.                                                                       | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    168947 | PA      | $168946.95    | 0.07%             | 2031-02-10      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| WISCONSIN POWER & LIGHT                    | Wisconsin Power & Light Co.                                                     | CUSIP: 976826BQ9<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |     37000 | PA      | $34933.09     | 0.02%             | 2032-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| HCA INC                                    | HCA, Inc.                                                                       | CUSIP: 404119DA4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     52000 | PA      | $53369.14     | 0.02%             | 2032-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                             | Proofpoint, Inc.                                                                | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |    236541 | PA      | $236836.96    | 0.10%             | 2028-08-31      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                      | Wells Fargo & Co.                                                               | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     51000 | PA      | $46759.78     | 0.02%             | 2031-02-11      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Rackspace Finance, LLC                     | Rackspace Finance LLC                                                           | CUSIP: 75008UAD9<br>LEI: 549300QTYCKLMFSE8I97 | Long             | LON              | CORP              | US        |    249350 | PA      | $127584.24    | 0.06%             | 2028-05-15      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp.                                                                    | CUSIP: 68389XCT0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     11000 | PA      | $10568.84     | 0.00%             | 2034-09-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                      | Melco Resorts Finance Ltd.                                                      | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $190714.16    | 0.08%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                     | Bank of New York Mellon Corp.                                                   | CUSIP: 06406RCB1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     92000 | PA      | $93697.48     | 0.04%             | 2031-02-11      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| LSF12 Crown US Commercial Bidco LLC        | LSF12 Crown U.S. Commercial Bidco LLC                                           | CUSIP: 50221UAD3<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |    260617 | PA      | $262028.54    | 0.11%             | 2031-12-02      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                        | JPMorgan Chase & Co.                                                            | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53062.35     | 0.02%             | 2028-10-22      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| STORABLE INC                               | Storable, Inc.                                                                  | CUSIP: 86210LAD0<br>LEI: 2549000AWFN27KOH3F59 | Long             | LON              | CORP              | US        |    264407 | PA      | $265134.32    | 0.12%             | 2032-06-16      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| Altice Financing SA                        | Altice Financing SA                                                             | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | LON              | CORP              | LU        |    357632 | PA      | $310804.08    | 0.14%             | 2027-10-31      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp.                                                           | CUSIP: 06051GKL2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    400000 | PA      | $366641.05    | 0.16%             | 2037-03-08      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                   | Rogers Communications, Inc.                                                     | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |     95000 | PA      | $97125.28     | 0.04%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                    | Hyundai Capital America                                                         | CUSIP: 44891ADX2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     48000 | PA      | $48733.41     | 0.02%             | 2032-06-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                   | Vistra Operations Co. LLC                                                       | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    215000 | PA      | $227554.28    | 0.10%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                   | Univision Communications, Inc.                                                  | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213269.70    | 0.09%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Federal National Mortgage Association                                           | CUSIP: 31418EDC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1924101 | PA      | $1580816.95   | 0.69%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 95 CLO Ltd.                                                              | CUSIP: 262487AQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2125000 | PA      | $2124872.50   | 0.93%             | 2034-08-20      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE                                  | Aimbridge Acquisition Co., Inc.                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1345 | NS      | $86752.50     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                     | Comstock Resources, Inc.                                                        | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    165000 | PA      | $155757.53    | 0.07%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                     | Mizuho Financial Group, Inc.                                                    | CUSIP: 60687YDE6<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $204612.58    | 0.09%             | 2035-05-26      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| ADVISOR GROUP INC                          | Osaic Holdings, Inc.                                                            | CUSIP: 000000000<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |    323226 | PA      | $323225.91    | 0.14%             | 2032-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Coral-US Co-Borrower, LLC                  | Coral-U.S. Co-Borrower LLC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    260000 | PA      | $258943.88    | 0.11%             | 2032-02-02      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                     | Clydesdale Acquisition Holdings, Inc.                                           | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25607.75     | 0.01%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                   | United Overseas Bank Ltd.                                                       | CUSIP: 91127LAE0<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $193696.40    | 0.08%             | 2031-10-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                   | National Rural Utilities Cooperative Finance Corp.                              | CUSIP: 63743HFT4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     78000 | PA      | $77742.54     | 0.03%             | 2027-09-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                   | Archrock Partners LP/Archrock Partners Finance Corp.                            | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $169990.32    | 0.07%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRINKER INTERNATIONAL IN                   | Brinker International, Inc.                                                     | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |    175000 | PA      | $185635.10    | 0.08%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                            | Madison IAQ LLC                                                                 | CUSIP: 55759VAD0<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    185636 | PA      | $185945.39    | 0.08%             | 2032-05-06      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                        | LBM Acquisition LLC                                                             | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    317631 | PA      | $296389.77    | 0.13%             | 2031-06-06      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association   | Government National Mortgage Association                                        | CUSIP: 36179WXK9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2003981 | PA      | $1752306.08   | 0.76%             | 2052-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| APOLLO CMMRL REAL EST FI                   | Apollo Commercial Real Estate Finance, Inc.                                     | CUSIP: 03762UAD7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              |  | US        |    320000 | PA      | $303941.50    | 0.13%             | 2029-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| CATERPILLAR FINL SERVICE                   | Caterpillar Financial Services Corp.                                            | CUSIP: 14913UAU4<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     78000 | PA      | $79139.26     | 0.03%             | 2029-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Notes                                                             | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     51000 | PA      | $49338.52     | 0.02%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                    | John Deere Capital Corp.                                                        | CUSIP: 24422EVL0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    180000 | PA      | $155136.63    | 0.07%             | 2031-01-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                      | Athene Global Funding                                                           | CUSIP: 04685A3D1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     43000 | PA      | $41541.92     | 0.02%             | 2026-10-02      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                        | Petroleos Mexicanos                                                             | CUSIP: 71654QDP4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    727000 | PA      | $810684.79    | 0.35%             | 2033-02-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: —       |
| NIELSEN CONSUMER INC                       | Nielsen Consumer, Inc.                                                          | CUSIP: 45674PAR5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    285167 | PA      | $285345.16    | 0.12%             | 2028-03-06      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                      | Wells Fargo & Co.                                                               | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    375000 | PA      | $382313.22    | 0.17%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                           | AmWINS Group, Inc.                                                              | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |    231165 | PA      | $231309.16    | 0.10%             | 2032-01-30      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                    | Procter & Gamble Co.                                                            | CUSIP: 742718FZ7<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |     72000 | PA      | $71906.38     | 0.03%             | 2028-01-26      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| COTIVITI CORPORATION                       | Cotiviti Corp.                                                                  | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    237653 | PA      | $237059.16    | 0.10%             | 2031-05-01      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                        | Quanta Services, Inc.                                                           | CUSIP: 74762EAL6<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |     66000 | PA      | $66693.20     | 0.03%             | 2034-08-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NARRAGANSETT ELECTRIC                      | Narragansett Electric Co.                                                       | CUSIP: 631005BK0<br>LEI: VAI0KZ806W8MCH0BCZ61 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45545.22     | 0.02%             | 2034-05-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| JUMP FINANCIAL LLC                         | Jump Financial LLC                                                              | CUSIP: 48138UAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    274916 | PA      | $274572.79    | 0.12%             | 2032-02-26      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                   | Phoenix Aviation Capital Ltd.                                                   | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    153000 | PA      | $160314.40    | 0.07%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                    | Arthur J Gallagher & Co.                                                        | CUSIP: 04316JAH2<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    180000 | PA      | $183346.92    | 0.08%             | 2034-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CHAMPIONS FINANCING INC                    | Champions Financing, Inc.                                                       | CUSIP: 15870LAA6<br>LEI: 391200ZDD75EGEUJ7625 | Long             | DBT              | CORP              | US        |    220000 | PA      | $203701.01    | 0.09%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| CNH INDUSTRIAL CAP LLC                     | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAS3<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    279000 | PA      | $283560.19    | 0.12%             | 2029-04-20      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SeaWorld Parks & Entertainment Inc         | SeaWorld Parks & Entertainment, Inc.                                            | CUSIP: 78488CAL4<br>LEI: 549300UZV72O3371JJ53 | Long             | LON              | CORP              | US        |    158169 | PA      | $157773.35    | 0.07%             | 2031-12-04      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| HANGER INC                                 | Hanger, Inc.                                                                    | CUSIP: 41043BAH1<br>LEI: 254900ZJJJYVLHJXSZ60 | Long             | LON              | CORP              | US        |    263649 | PA      | $264176.47    | 0.12%             | 2031-10-23      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                        | Georgia-Pacific LLC                                                             | CUSIP: 37331NAN1<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |     48000 | PA      | $46665.37     | 0.02%             | 2026-05-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: —       |
| BANCO SANTANDER SA                         | Banco Santander SA                                                              | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $944857.60    | 0.41%             | 2033-05-21      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| CUSTOMERS BANCORP INC                      | Customers Bancorp, Inc.                                                         | CUSIP: 23204G803<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EP               | CORP              | US        |     48886 | NS      | $999718.70    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp.                                                           | CUSIP: 06051GKQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    244000 | PA      | $240217.88    | 0.10%             | 2033-04-27      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Specialty Building Products Holdings LLC   | Specialty Building Products Holdings LLC                                        | CUSIP: 84748EAF7<br>LEI: 549300ICFD46O3KMJC06 | Long             | LON              | CORP              | US        |    336357 | PA      | $322271.87    | 0.14%             | 2028-10-15      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| KEYSPAN GAS EAST CORP                      | KeySpan Gas East Corp.                                                          | CUSIP: 49338CAD5<br>LEI: K8TS3HOE1568DUBUJL44 | Long             | DBT              | CORP              | US        |     62000 | PA      | $64243.01     | 0.03%             | 2033-03-06      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| DIAMOND II LTD                             | Diamond II Ltd.                                                                 | CUSIP: 000000000<br>LEI: 254900KL4GQ2XC50XL44 | Long             | DBT              | CORP              | MU        |    250000 | PA      | $252081.47    | 0.11%             | 2026-07-28      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| CSX Corp                                   | CSX Corp.                                                                       | CUSIP: 126408HH9<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |     63000 | PA      | $61784.71     | 0.03%             | 2027-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                          | Vedanta Resources Finance II PLC                                                | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $204372.50    | 0.09%             | 2029-09-17      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                   | Virgin Media Finance PLC                                                        | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $360573.24    | 0.16%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CPI HOLDCO B LLC                           | CPI Holdco B LLC                                                                | CUSIP: 1261MAAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     44044 | PA      | $43998.35     | 0.02%             | 2031-05-19      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| GLP PTE LTD                                | GLP Pte. Ltd.                                                                   | CUSIP: 000000000<br>LEI: 254900PC2NNG9BLIJO15 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $110042.32    | 0.05%             | 2026-05-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Claros Mortgage Trust Inc                  | Claros Mortgage Trust, Inc.                                                     | CUSIP: 18269PAC6<br>LEI: 549300Z9LU2CZ3K30C16 | Long             | LON              |  | US        |    223140 | PA      | $216445.57    | 0.09%             | 2026-08-09      | Floating      | 8.96%                 | No            |                  2 | On Loan: No      |
| BW REAL ESTATE INC                         | BW Real Estate, Inc.                                                            | CUSIP: 05614HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008626.00   | 0.44%             | 2030-03-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                    | Jane Street Group/JSG Finance, Inc.                                             | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    129000 | PA      | $127989.19    | 0.06%             | 2032-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                            | McDonald's Corp.                                                                | CUSIP: 58013MFU3<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304339.83    | 0.13%             | 2028-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                   | Berkshire Hathaway Energy Co.                                                   | CUSIP: 084659AM3<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    162000 | PA      | $157880.09    | 0.07%             | 2028-04-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                      | American Airlines, Inc.                                                         | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    265000 | PA      | $270409.58    | 0.12%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Boxer Parent Company Inc                   | Boxer Parent Co., Inc.                                                          | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    200271 | PA      | $200176.73    | 0.09%             | 2031-07-30      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                        | Hudbay Minerals, Inc.                                                           | CUSIP: 443628AH5<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $100559.10    | 0.04%             | 2029-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FMC CORP                                   | FMC Corp.                                                                       | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1550748.00   | 0.68%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                | Asurion LLC                                                                     | CUSIP: 04649VBC3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    305315 | PA      | $302389.01    | 0.13%             | 2028-08-19      | Floating      | 8.71%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC                     | Cox Communications, Inc.                                                        | CUSIP: 224044CU9<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |     59000 | PA      | $57765.17     | 0.03%             | 2034-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                            | IHS Holding Ltd.                                                                | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203834.34    | 0.09%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| CAPITAL ONE FINANCIAL CO                   | Capital One Financial Corp.                                                     | CUSIP: 14040HBK0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     68000 | PA      | $67367.15     | 0.03%             | 2026-07-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UPFIELD BV                                 | Upfield BV                                                                      | CUSIP: 000000000<br>LEI: 254900U4MHW4MZWGFU47 | Long             | LON              | CORP              | US        |    270888 | PA      | $271000.79    | 0.12%             | 2028-01-03      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| ZIONS BANCORP NA                           | Zions Bancorp NA                                                                | CUSIP: 98971DAB6<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |    275000 | PA      | $252930.78    | 0.11%             | 2029-10-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                 | AbbVie, Inc.                                                                    | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    296000 | PA      | $282181.71    | 0.12%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corporation           | Garda World Security Corp.                                                      | CUSIP: 000000000<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |    236195 | PA      | $235899.42    | 0.10%             | 2029-02-01      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                              | McKesson Corp.                                                                  | CUSIP: 581557BX2<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |     82000 | PA      | $82661.06     | 0.04%             | 2032-05-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                        | JPMorgan Chase & Co.                                                            | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    327000 | PA      | $287488.68    | 0.13%             | 2032-11-08      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                        | Gilead Sciences, Inc.                                                           | CUSIP: 375558CC5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     42000 | PA      | $42295.70     | 0.02%             | 2035-06-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MINERA MEXICO SA DE CV                     | Minera Mexico SA de CV                                                          | CUSIP: 60284MAC6<br>LEI: 2549005BMA2EK49I0T98 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $202880.00    | 0.09%             | 2032-02-12      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Victory Buyer LLC                          | Victory Buyer LLC                                                               | CUSIP: 92643PAB0<br>LEI: 549300G9TEUHGC81N056 | Long             | LON              | CORP              | US        |    283535 | PA      | $282825.86    | 0.12%             | 2028-11-19      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Federal Home Loan Mortgage Corp.                                                | CUSIP: 3132DWPS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    978031 | PA      | $973120.87    | 0.42%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                            | CVS Health Corp.                                                                | CUSIP: 126650EC0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     92000 | PA      | $95301.89     | 0.04%             | 2031-06-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Spring Education Group Inc                 | Spring Education Group, Inc.                                                    | CUSIP: 84840EAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    237116 | PA      | $238153.28    | 0.10%             | 2030-10-04      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Altice France SA                           | Altice France SA                                                                | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |         0 | PA      | $0.00         | 0.00%             | 2028-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                               | QUALCOMM, Inc.                                                                  | CUSIP: 747525BV4<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |     34000 | PA      | $34304.36     | 0.01%             | 2032-05-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| THIRD COAST INFRASTRUCTURE LLC             | Third Coast Infrastructure LLC                                                  | CUSIP: 88412KAC6<br>LEI: 5493006R4EN78GPJ4M96 | Long             | LON              | CORP              | US        |    288669 | PA      | $288668.79    | 0.13%             | 2030-09-25      | Floating      | 8.61%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                               | Alphabet, Inc.                                                                  | CUSIP: 02079KAJ6<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    192000 | PA      | $180153.89    | 0.08%             | 2027-08-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                   | Constellation Brands, Inc.                                                      | CUSIP: 21036PBK3<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     24000 | PA      | $23921.06     | 0.01%             | 2027-05-09      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                      | NGL Energy Operating LLC/NGL Energy Finance Corp.                               | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94009.90     | 0.04%             | 2029-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN                    | Consolidated Energy Finance SA                                                  | CUSIP: 20914UAF3<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    205000 | PA      | $171663.26    | 0.07%             | 2028-10-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                     | NextEra Energy Capital Holdings, Inc.                                           | CUSIP: 65339KDK3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     79000 | PA      | $81084.39     | 0.04%             | 2032-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                        | Select Medical Corp.                                                            | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159586.18    | 0.07%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| T-MOBILE USA INC                           | T-Mobile USA, Inc.                                                              | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    249000 | PA      | $239060.54    | 0.10%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                   | Archrock Partners LP/Archrock Partners Finance Corp.                            | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $96408.47     | 0.04%             | 2032-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                      | Banijay Entertainment SAS                                                       | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $207403.60    | 0.09%             | 2029-05-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                        | Shriram Finance Ltd.                                                            | CUSIP: 000000000<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $203841.60    | 0.09%             | 2027-04-22      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                    | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $218094.00    | 0.10%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| IMC Financing LLC                          | IMC Financing LLC                                                               | CUSIP: 44967NAB4<br>LEI: 724500MHXKWDKAGMOW56 | Long             | LON              | CORP              | NL        |    115187 | PA      | $115475.46    | 0.05%             | 2032-06-18      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                    | Public Service Electric & Gas Co.                                               | CUSIP: 74456QCS3<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21904.97     | 0.01%             | 2034-08-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                   | Thermo Fisher Scientific, Inc.                                                  | CUSIP: 883556DA7<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41948.74     | 0.02%             | 2029-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                     | Standard Chartered PLC                                                          | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $208043.00    | 0.09%             | 2027-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Cast and Crew Payroll LLC                  | Cast & Crew Payroll LLC                                                         | CUSIP: 14835JAQ3<br>LEI: 549300XE7OZGFGN5F466 | Long             | LON              | CORP              | US        |    174098 | PA      | $165392.83    | 0.07%             | 2028-12-29      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                           | HF Sinclair Corp.                                                               | CUSIP: 403949AS9<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |     43000 | PA      | $43751.37     | 0.02%             | 2035-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                                 | Zoetis, Inc.                                                                    | CUSIP: 98978VAV5<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |     28000 | PA      | $29468.54     | 0.01%             | 2032-11-16      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                   | Agilent Technologies, Inc.                                                      | CUSIP: 00846UAN1<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    116000 | PA      | $102509.03    | 0.04%             | 2031-03-12      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                   | Canadian Pacific Railway Co.                                                    | CUSIP: 13645RBK9<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |     24000 | PA      | $24273.67     | 0.01%             | 2035-03-30      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| GEORGIA-PACIFIC LLC                        | Georgia-Pacific LLC                                                             | CUSIP: 37331NAR2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22034.01     | 0.01%             | 2028-06-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                           | Crown Castle, Inc.                                                              | CUSIP: 22822VBA8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |     92000 | PA      | $92770.98     | 0.04%             | 2028-01-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                      | Bread Financial Holdings, Inc.                                                  | CUSIP: 018581AP3<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    112000 | PA      | $120150.02    | 0.05%             | 2029-03-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Howden Group Holdings Ltd                  | Howden Group Holdings Ltd.                                                      | CUSIP: 000000000<br>LEI: 875500V3HPKZIQP10J32 | Long             | LON              | CORP              | GB        |     49041 | PA      | $49173.67     | 0.02%             | 2030-04-18      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| NVENT FINANCE SARL                         | nVent Finance SARL                                                              | CUSIP: 67078AAE3<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | CORP              | LU        |    127000 | PA      | $110789.31    | 0.05%             | 2031-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BANKUNITED INC                             | BankUnited, Inc.                                                                | CUSIP: 06652KAB9<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | DBT              | CORP              | US        |     78000 | PA      | $77244.39     | 0.03%             | 2030-06-11      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                     | Edgewell Personal Care Co.                                                      | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    250000 | PA      | $236433.05    | 0.10%             | 2029-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                             | Hertz Corp.                                                                     | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88802.21     | 0.04%             | 2029-07-15      | Fixed         | 12.63%                | No            |                  2 | On Loan: —       |
| SONOCO PRODUCTS CO                         | Sonoco Products Co.                                                             | CUSIP: 835495AS1<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48613.41     | 0.02%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Advisor Group Inc                          | Advisor Group, Inc.                                                             | CUSIP: 00775KAK4<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |    198047 | PA      | $198244.88    | 0.09%             | 2028-08-17      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings Ltd                        | WEC U.S. Holdings Ltd.                                                          | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |    292796 | PA      | $292918.34    | 0.13%             | 2031-01-27      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                | PepsiCo, Inc.                                                                   | CUSIP: 713448FE3<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    311000 | PA      | $268905.33    | 0.12%             | 2031-10-21      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                             | Mastercard, Inc.                                                                | CUSIP: 57636QBB9<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |     71000 | PA      | $70318.88     | 0.03%             | 2032-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Greystar Real Estate Partners, LLC         | Greystar Real Estate Partners LLC                                               | CUSIP: 39806LAD9<br>LEI: 254900HGC806SXAS4M46 | Long             | LON              | CORP              | US        |    299244 | PA      | $298870.27    | 0.13%             | 2030-08-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                     | Marriott International, Inc.                                                    | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     28000 | PA      | $27953.80     | 0.01%             | 2037-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                        | Bank of Nova Scotia                                                             | CUSIP: 06418JAC5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     48000 | PA      | $50301.14     | 0.02%             | 2034-02-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ADOBE INC                                  | Adobe, Inc.                                                                     | CUSIP: 00724PAE9<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28320.10     | 0.01%             | 2027-04-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                   | Standard Industries, Inc.                                                       | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    260000 | PA      | $232265.77    | 0.10%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| INDIA CLEANTECH ENERGY                     | India Cleantech Energy                                                          | CUSIP: 000000000<br>LEI: 254900DGTS4HHR3Q6F66 | Long             | DBT              | CORP              | MU        |    197500 | PA      | $194300.15    | 0.08%             | 2026-08-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                      | Wells Fargo & Co.                                                               | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     22000 | PA      | $20551.17     | 0.01%             | 2030-10-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                | Netflix, Inc.                                                                   | CUSIP: 64110LAS5<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    162000 | PA      | $164558.51    | 0.07%             | 2028-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FEDEX 2020-1 PASS TST                      | Federal Express Corp. Pass-Through Trusts                                       | CUSIP: 314353AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35691 | PA      | $30675.19     | 0.01%             | 2034-02-20      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                              | Carnival Corp.                                                                  | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     45000 | PA      | $45798.35     | 0.02%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CHARTER NEX US INC                         | Charter NEX U.S., Inc.                                                          | CUSIP: 16125TAM4<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |    157736 | PA      | $157998.46    | 0.07%             | 2030-11-29      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                 | Avis Budget Car Rental LLC                                                      | CUSIP: 05377JAU6<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | LON              | CORP              | US        |    323074 | PA      | $322266.15    | 0.14%             | 2032-07-16      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                  | Block, Inc.                                                                     | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153928.20    | 0.07%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                     | Mitsubishi UFJ Financial Group, Inc.                                            | CUSIP: 606822CT9<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $412762.17    | 0.18%             | 2031-02-22      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                     | UnitedHealth Group, Inc.                                                        | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51146.99     | 0.02%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                        | Sherwin-Williams Co.                                                            | CUSIP: 824348BW5<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |     74000 | PA      | $73818.46     | 0.03%             | 2035-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                   | Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL             | CUSIP: 42329HAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $189067.42    | 0.08%             | 2028-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                     | Verizon Communications, Inc.                                                    | CUSIP: 92343VGZ1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     82000 | PA      | $82330.03     | 0.04%             | 2035-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                               | Magnera Corp.                                                                   | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    194000 | PA      | $171464.61    | 0.07%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| EXCELERATE ENERGY LP                       | Excelerate Energy LP                                                            | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    190000 | PA      | $198901.88    | 0.09%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                    | O'Reilly Automotive, Inc.                                                       | CUSIP: 67103HAM9<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41601.30     | 0.02%             | 2026-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ontario Gaming GTA LP                      | Ontario Gaming GTA LP                                                           | CUSIP: 000000000<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |    236613 | PA      | $234542.66    | 0.10%             | 2030-08-01      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                       | Saudi Arabian Oil Co.                                                           | CUSIP: 80414L2Q7<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    200000 | PA      | $186108.00    | 0.08%             | 2064-07-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services Inc    | Sedgwick Claims Management Services, Inc.                                       | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |    237264 | PA      | $237461.27    | 0.10%             | 2031-07-31      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| MONEYGRAM INTERNATIONAL INC                | MoneyGram International, Inc.                                                   | CUSIP: 60935QAT3<br>LEI: 5299002DLX0Q04KC4156 | Long             | LON              | CORP              | US        |    319628 | PA      | $288064.83    | 0.13%             | 2030-06-03      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| IRIS Holdings Inc                          | Iris Holding, Inc.                                                              | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |    283455 | PA      | $275502.39    | 0.12%             | 2028-06-28      | Floating      | 9.16%                 | No            |                  2 | On Loan: No      |
| KENTUCKY POWER CO                          | Kentucky Power Co.                                                              | CUSIP: 491386AP3<br>LEI: JHOZYZ5WPEXWR477VH72 | Long             | DBT              | CORP              | US        |    100000 | PA      | $107049.26    | 0.05%             | 2033-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc                    | O'Reilly Automotive, Inc.                                                       | CUSIP: 67103HAF4<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |     28000 | PA      | $27528.38     | 0.01%             | 2027-09-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| VARSITY BRANDS INC                         | Varsity Brands, Inc.                                                            | CUSIP: 92227QAF3<br>LEI: 254900PLBJA0I5NSTT38 | Long             | LON              | CORP              | US        |    405955 | PA      | $406843.55    | 0.18%             | 2031-08-26      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                    | Avis Budget Car Rental LLC/Avis Budget Finance, Inc.                            | CUSIP: 053773BF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    154000 | PA      | $147440.94    | 0.06%             | 2029-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| WOODSIDE FINANCE LTD                       | Woodside Finance Ltd.                                                           | CUSIP: 980236AT0<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    135000 | PA      | $136894.26    | 0.06%             | 2030-05-19      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                   | Citizens Financial Group, Inc.                                                  | CUSIP: 174610BH7<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    124000 | PA      | $127935.03    | 0.06%             | 2032-07-23      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                           | Vital Energy, Inc.                                                              | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    255000 | PA      | $223816.41    | 0.10%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| GLOBAL ATLANTIC FIN CO                     | Global Atlantic Fin Co.                                                         | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    700000 | PA      | $731503.50    | 0.32%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                     | Match Group Holdings II LLC                                                     | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    138000 | PA      | $128701.74    | 0.06%             | 2030-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WestJet Loyalty LP                         | WestJet Loyalty LP                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    416225 | PA      | $415878.50    | 0.18%             | 2031-02-14      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| QUEST DIAGNOSTICS INC                      | Quest Diagnostics, Inc.                                                         | CUSIP: 74834LBG4<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |     62000 | PA      | $61577.57     | 0.03%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                     | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC            | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $66252.94     | 0.03%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                        | American Tower Corp.                                                            | CUSIP: 03027XCG3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    113000 | PA      | $115276.12    | 0.05%             | 2029-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ZIONS BANCORP NA                           | Zions Bancorp NA                                                                | CUSIP: 98971DAC4<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |    252000 | PA      | $263068.11    | 0.11%             | 2035-11-19      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                   | Caterpillar Financial Services Corp.                                            | CUSIP: 14913UAQ3<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30121.16     | 0.01%             | 2029-08-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| ALLEGION US HOLDING CO                     | Allegion U.S. Holding Co., Inc.                                                 | CUSIP: 01748NAF1<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |     89000 | PA      | $90965.61     | 0.04%             | 2034-05-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                | Nutrien Ltd.                                                                    | CUSIP: 67077MBA5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    116000 | PA      | $117250.68    | 0.05%             | 2028-03-27      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ORION US FINCO INC.                        | Orion U.S. Finco, Inc.                                                          | CUSIP: 68631KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    159017 | PA      | $159752.91    | 0.07%             | 2032-05-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HANGER INC                                 | Hanger, Inc.                                                                    | CUSIP: 41043BAJ7<br>LEI: 254900ZJJJYVLHJXSZ60 | Long             | LON              | CORP              | US        |     34019 | PA      | $34086.61     | 0.01%             | 2031-10-23      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| LENNAR CORP                                | Lennar Corp.                                                                    | CUSIP: 526057CY8<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |     31000 | PA      | $31581.12     | 0.01%             | 2030-07-30      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| KENVUE INC                                 | Kenvue, Inc.                                                                    | CUSIP: 49177JAS1<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |     47000 | PA      | $47355.49     | 0.02%             | 2032-05-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                               | Barclays PLC                                                                    | CUSIP: 06738ECU7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201413.77    | 0.09%             | 2030-09-10      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                    | Zayo Group Holdings, Inc.                                                       | CUSIP: 98919VAB1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    225000 | PA      | $203320.35    | 0.09%             | 2028-03-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| MINERAL RESOURCES LTD                      | Mineral Resources Ltd.                                                          | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    476000 | PA      | $497492.45    | 0.22%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                             | Eli Lilly & Co.                                                                 | CUSIP: 532457CV8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51958.32     | 0.02%             | 2030-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp.                                                           | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    296000 | PA      | $300454.04    | 0.13%             | 2027-09-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                      | Becton Dickinson & Co.                                                          | CUSIP: 075887CP2<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53139.16     | 0.02%             | 2032-08-22      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc | Apollo Commercial Real Estate Finance, Inc.                                     | CUSIP: 03768DAE7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | LON              | CORP              | US        |    234301 | PA      | $232543.97    | 0.10%             | 2030-06-13      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                | Allied Universal Holdco LLC                                                     | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |    327819 | PA      | $328371.88    | 0.14%             | 2028-05-12      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| Alliance Laundry Systems LLC               | Alliance Laundry Systems LLC                                                    | CUSIP: 01862LBA5<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2031-08-19      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| WARRIOR MET COAL INC                       | Warrior Met Coal, Inc.                                                          | CUSIP: 93627CAB7<br>LEI: 549300152B1S9YKBYV79 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50634.60     | 0.02%             | 2028-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                    | Goldman Sachs Group, Inc.                                                       | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34973.12     | 0.02%             | 2030-10-23      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Federal National Mortgage Association                                           | CUSIP: 31418ECV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3110836 | PA      | $2887897.43   | 1.26%             | 2037-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                      | Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance   | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $165194.40    | 0.07%             | 2031-05-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                   | National Rural Utilities Cooperative Finance Corp.                              | CUSIP: 63743HFW7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     57000 | PA      | $57483.64     | 0.03%             | 2028-02-07      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Notes                                                             | CUSIP: 91282CLJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     60000 | PA      | $58980.47     | 0.03%             | 2031-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                          | Imola Merger Corp.                                                              | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $179492.48    | 0.08%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Notes                                                             | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1024000 | PA      | $1030200.00   | 0.45%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WEX INC                                    | WEX, Inc.                                                                       | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |    156000 | PA      | $158001.17    | 0.07%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                        | Synchrony Financial                                                             | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28194.77     | 0.01%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                       | Royal Bank of Canada                                                            | CUSIP: 78016FZW7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    146000 | PA      | $148055.64    | 0.06%             | 2028-01-12      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| STAR LEASING CO LLC                        | Star Leasing Co. LLC                                                            | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |    198000 | PA      | $195298.57    | 0.09%             | 2030-02-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                     | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC            | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $312447.16    | 0.14%             | 2027-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                         | Royalty Pharma PLC                                                              | CUSIP: 78081BAN3<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    116000 | PA      | $99382.03     | 0.04%             | 2031-09-02      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                | Purchased JPY / Sold USD                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | JP        |         1 | NC      | $-38163.64    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                     | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC       | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $182169.63    | 0.08%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| HERC HOLDINGS INC                          | Herc Holdings, Inc.                                                             | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    145000 | PA      | $150149.53    | 0.07%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LAND O'LAKES INC                           | Land O' Lakes, Inc.                                                             | CUSIP: 514666AN6<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   1770000 | PA      | $1474587.00   | 0.64%             | 2028-09-18      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON BANK                         | First Horizon Bank                                                              | CUSIP: 337158AJ8<br>LEI: COOWI3L2W9TPYR3WJX37 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255368.78    | 0.11%             | 2030-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                          | GXO Logistics, Inc.                                                             | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |     43000 | PA      | $44726.15     | 0.02%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                               | Vontier Corp.                                                                   | CUSIP: 928881AF8<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |     51000 | PA      | $45842.21     | 0.02%             | 2031-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                             | Opal Bidco SAS                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    191805 | PA      | $192524.26    | 0.08%             | 2032-04-28      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| GLP CHINA HOLDINGS LTD                     | GLP China Holdings Ltd.                                                         | CUSIP: 000000000<br>LEI: 254900C6X2D3TGF2CO98 | Long             | DBT              | CORP              | HK        |    300000 | PA      | $288890.38    | 0.13%             | 2026-03-29      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Sculptor CLO Ltd                           | Sculptor CLO XXX Ltd.                                                           | CUSIP: 81124NBA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $3764876.25   | 1.64%             | 2038-07-20      | Floating      | 8.87%                 | No            |                  2 | On Loan: No      |
| ECOLAB INC                                 | Ecolab, Inc.                                                                    | CUSIP: 278865BP4<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |    107000 | PA      | $109667.41    | 0.05%             | 2028-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                        | Quanta Services, Inc.                                                           | CUSIP: 74762EAF9<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11030.74     | 0.00%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                   | Jones Deslauriers Insurance Management, Inc.                                    | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    185000 | PA      | $195184.02    | 0.09%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| IBM INTERNAT CAPITAL                       | IBM International Capital Pte. Ltd.                                             | CUSIP: 449276AD6<br>LEI: 2549007KTXQQBYZO7485 | Long             | DBT              | CORP              | SG        |    166000 | PA      | $167241.41    | 0.07%             | 2031-02-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                              | Owens Corning                                                                   | CUSIP: 690742AN1<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40683.45     | 0.02%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                        | American Express Co.                                                            | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     52000 | PA      | $53106.11     | 0.02%             | 2031-01-30      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                      | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     28000 | PA      | $30238.42     | 0.01%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| XPLOR T1 LLC                               | Xplor T1 LLC                                                                    | CUSIP: 98423DAE4<br>LEI: 254900GF3CVSREM2EJ05 | Long             | LON              | CORP              | US        |    134532 | PA      | $134531.56    | 0.06%             | 2031-06-24      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| KREF HOLDINGS X LLC                        | KREF Holdings X LLC                                                             | CUSIP: 48266YAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    179286 | PA      | $179958.52    | 0.08%             | 2032-03-05      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                      | Sri Lanka Government International Bonds                                        | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    200000 | PA      | $167643.48    | 0.07%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                    | Inter-American Development Bank                                                 | CUSIP: 4581X0EH7<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |     85000 | PA      | $85113.09     | 0.04%             | 2028-01-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                            | Sands China Ltd.                                                                | CUSIP: 80007RAQ8<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $185074.94    | 0.08%             | 2029-03-08      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE BUYER INC                        | Charlotte Buyer, Inc.                                                           | CUSIP: 12568YAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    273625 | PA      | $273411.30    | 0.12%             | 2028-02-11      | Floating      | 8.60%                 | No            |                  2 | On Loan: No      |
| CAPSTONE BORROWER INC                      | Capstone Borrower, Inc.                                                         | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    260000 | PA      | $270197.20    | 0.12%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Notes                                                             | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     34000 | PA      | $34427.66     | 0.02%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                | Purchased JPY / Sold USD                                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | JP        |         1 | NC      | $-39892.30    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                    | Jane Street Group/JSG Finance, Inc.                                             | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $222057.47    | 0.10%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ALTAGAS LTD                                | AltaGas Ltd.                                                                    | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1007663.00   | 0.44%             | 2054-10-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                    | Goldman Sachs Group, Inc.                                                       | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     61000 | PA      | $60626.18     | 0.03%             | 2029-05-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                       | Cleveland-Cliffs, Inc.                                                          | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10007.32     | 0.00%             | 2027-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                       | Flutter Treasury DAC                                                            | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    210000 | PA      | $211384.95    | 0.09%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| White Cap Buyer LLC                        | White Cap Buyer LLC                                                             | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    174561 | PA      | $174224.15    | 0.08%             | 2029-10-19      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                   | Marsh & McLennan Cos., Inc.                                                     | CUSIP: 571748BY7<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53310.42     | 0.02%             | 2027-11-08      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22043.96     | 0.01%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                               | Chevron Corp.                                                                   | CUSIP: 166764BY5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    307000 | PA      | $279299.54    | 0.12%             | 2030-05-11      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Federal Home Loan Mortgage Corp.                                                | CUSIP: 3132D6BF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1020331 | PA      | $949715.88    | 0.41%             | 2037-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                            | Gen Digital, Inc.                                                               | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    140000 | PA      | $144684.68    | 0.06%             | 2030-09-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| FORWARD AIR CORPORATION                    | Forward Air Corp.                                                               | CUSIP: 18948EAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    210116 | PA      | $210003.86    | 0.09%             | 2030-12-19      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| SERVICE LOGIC ACQUISITION INC              | Service Logic Acquisition, Inc.                                                 | CUSIP: 81759AAH3<br>LEI: 25490008CFAWEVHSQF88 | Long             | LON              | CORP              | US        |    315773 | PA      | $315378.43    | 0.14%             | 2027-10-29      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                     | Asian Development Bank                                                          | CUSIP: 045167ER0<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    104000 | PA      | $95098.15     | 0.04%             | 2030-01-24      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                   | Occidental Petroleum Corp.                                                      | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    274000 | PA      | $283354.91    | 0.12%             | 2031-01-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE 3 INC                | Fortress Intermediate 3, Inc.                                                   | CUSIP: 34966LAD6<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |    299246 | PA      | $299620.29    | 0.13%             | 2031-06-27      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield U.S. Borrower, LLC     | Cushman & Wakefield U.S. Borrower LLC                                           | CUSIP: 23340DAV4<br>LEI: 549300870CMN3WI5IF97 | Long             | LON              | CORP              | US        |    102116 | PA      | $102498.86    | 0.04%             | 2030-01-31      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Federal National Mortgage Association                                           | CUSIP: 31418FEC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    955593 | PA      | $930280.16    | 0.41%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                  | Boeing Co.                                                                      | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    273000 | PA      | $277332.94    | 0.12%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US Inc                       | Neptune Bidco U.S., Inc.                                                        | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |    293069 | PA      | $281224.47    | 0.12%             | 2029-04-11      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Federal Home Loan Mortgage Corp.                                                | CUSIP: 3132DWD67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1493949 | PA      | $1280640.23   | 0.56%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                                 | MasTec, Inc.                                                                    | CUSIP: 576323AT6<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56831.45     | 0.02%             | 2029-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| NOURYON FINANCE BV                         | Nouryon Finance BV                                                              | CUSIP: 000000000<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |    198990 | PA      | $198866.09    | 0.09%             | 2028-04-03      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                             | AutoNation, Inc.                                                                | CUSIP: 05329WAT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $21274.17     | 0.01%             | 2035-03-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                   | Service Properties Trust                                                        | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    375000 | PA      | $392113.50    | 0.17%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ECOLAB INC                                 | Ecolab, Inc.                                                                    | CUSIP: 278865BQ2<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25050.40     | 0.01%             | 2028-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| REALPAGE INC                               | RealPage, Inc.                                                                  | CUSIP: 75605VAH5<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |     78046 | PA      | $78179.99     | 0.03%             | 2028-04-24      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                           | Deutsche Bank AG                                                                | CUSIP: 251526CS6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    250000 | PA      | $261810.03    | 0.11%             | 2029-01-18      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                      | Quikrete Holdings, Inc.                                                         | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |     56173 | PA      | $56118.52     | 0.02%             | 2032-02-10      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| GBT US III LLC                             | GBT U.S. III LLC                                                                | CUSIP: 36154HAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    249373 | PA      | $249996.86    | 0.11%             | 2031-07-28      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| METHANEX CORP                              | Methanex Corp.                                                                  | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |      4000 | PA      | $3961.92      | 0.00%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TRUST INC              | Blackstone Mortgage Trust, Inc.                                                 | CUSIP: 09259GAH6<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | LON              | CORP              | US        |    228212 | PA      | $229067.69    | 0.10%             | 2030-12-10      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                   | Hilcorp Energy I LP/Hilcorp Finance Co.                                         | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $47999.04     | 0.02%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                        | JPMorgan Chase & Co.                                                            | CUSIP: 46647PDY9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    105000 | PA      | $113944.35    | 0.05%             | 2034-10-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                  | Amgen, Inc.                                                                     | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    263000 | PA      | $267822.32    | 0.12%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                       | Fortune Star BVI Ltd.                                                           | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |    250000 | PA      | $243736.38    | 0.11%             | 2027-01-27      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                   | Univision Communications, Inc.                                                  | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119324.10    | 0.05%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors               | State Street Institutional US Government Money Market Fund                      | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   5821671 | NS      | $5821671.18   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BANC CREDITO INVERSIONES                   | Banco de Credito e Inversiones SA                                               | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    755000 | PA      | $811247.50    | 0.35%             | 2029-05-08      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                        | American Tower Corp.                                                            | CUSIP: 03027XAM2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     57000 | PA      | $55809.11     | 0.02%             | 2027-01-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| CHAMPION PATH HOLDINGS                     | Champion Path Holdings Ltd.                                                     | CUSIP: 000000000<br>LEI: 549300QWJFPV5413KI88 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $194082.64    | 0.08%             | 2028-01-27      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: —       |
| ENTERGY TEXAS INC                          | Entergy Texas, Inc.                                                             | CUSIP: 29365TAQ7<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28268.03     | 0.01%             | 2035-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                      | Vale Overseas Ltd.                                                              | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $196407.20    | 0.09%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                  | Apple, Inc.                                                                     | CUSIP: 037833EH9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    341000 | PA      | $315292.19    | 0.14%             | 2028-08-05      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                        | United Airlines, Inc.                                                           | CUSIP: 90932RAP9<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | LON              | CORP              | US        |    209113 | PA      | $209321.85    | 0.09%             | 2031-02-22      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                         | Murphy Oil USA, Inc.                                                            | CUSIP: 626738AE8<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195551.72    | 0.09%             | 2029-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Belron Finance 2019 LLC                    | Belron Finance LLC                                                              | CUSIP: 08078UAM5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    113810 | PA      | $114059.11    | 0.05%             | 2031-10-16      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                     | General Motors Financial Co., Inc.                                              | CUSIP: 37045XER3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15428.45     | 0.01%             | 2031-02-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                    | Royal Caribbean Cruises Ltd.                                                    | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    335000 | PA      | $340528.63    | 0.15%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                      | American Airlines, Inc.                                                         | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |     73515 | PA      | $73291.90     | 0.03%             | 2028-04-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Federal National Mortgage Association                                           | CUSIP: 31418E3C2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1493226 | PA      | $1453674.28   | 0.63%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                     | First Brands Group LLC                                                          | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    141209 | PA      | $137796.01    | 0.06%             | 2027-03-30      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                   | SeaWorld Parks & Entertainment, Inc.                                            | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243337.98    | 0.11%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| M6 ETX HOLDINGS II MIDCO LLC               | M6 ETX Holdings II Midco LLC                                                    | CUSIP: 55285DAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    312785 | PA      | $314055.04    | 0.14%             | 2032-04-01      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                      | Athene Global Funding                                                           | CUSIP: 04685A4A6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71247.46     | 0.03%             | 2026-08-27      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                | Cencora, Inc.                                                                   | CUSIP: 03073EAU9<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |     23000 | PA      | $23104.02     | 0.01%             | 2034-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL                      | Evergy Kansas Central, Inc.                                                     | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17113.88     | 0.01%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                   | Penske Truck Leasing Co. LP/PTL Finance Corp.                                   | CUSIP: 709599BW3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     71000 | PA      | $73745.15     | 0.03%             | 2028-08-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc        | Clydesdale Acquisition Holdings, Inc.                                           | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |      1571 | PA      | $1569.13      | 0.00%             | 2032-04-01      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| CLEAN RENEWABLE POWER                      | Clean Renewable Power Mauritius Pte. Ltd.                                       | CUSIP: 000000000<br>LEI: 2138003P9CSDW7P4MT75 | Long             | DBT              | CORP              | MU        |    241500 | PA      | $234982.52    | 0.10%             | 2027-03-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                   | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer                    | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $207977.42    | 0.09%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                      | Genesis Energy LP/Genesis Energy Finance Corp.                                  | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $365212.17    | 0.16%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                               | UBS Group AG                                                                    | CUSIP: 902613BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    413000 | PA      | $440234.87    | 0.19%             | 2031-04-12      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| APEX GROUP TREASURY LLC                    | Apex Group Treasury LLC                                                         | CUSIP: 000000000<br>LEI: 254900N6HRPDDNW7HP03 | Long             | LON              | CORP              | US        |    402309 | PA      | $402309.30    | 0.18%             | 2032-02-27      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                | Bell Telephone Co. of Canada or Bell Canada                                     | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    316000 | PA      | $320705.27    | 0.14%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                         | Kennedy-Wilson, Inc.                                                            | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    321000 | PA      | $301884.00    | 0.13%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield U.S. Borrower, LLC     | Cushman & Wakefield U.S. Borrower LLC                                           | CUSIP: 000000000<br>LEI: 549300870CMN3WI5IF97 | Long             | LON              | CORP              | US        |    153410 | PA      | $153793.94    | 0.07%             | 2030-01-31      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| SNB SUKUK LTD                              | SNB Sukuk Ltd.                                                                  | CUSIP: 000000000<br>LEI: 549300NDOY781U1WVO54 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202929.43    | 0.09%             | 2029-02-27      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI                   | HLF Financing SARL LLC/Herbalife International, Inc.                            | CUSIP: 40390DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    263000 | PA      | $219175.92    | 0.10%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                              | Aircastle Ltd.                                                                  | CUSIP: 00928QAW1<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    120000 | PA      | $119169.54    | 0.05%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                   | First Abu Dhabi Bank PJSC                                                       | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $206250.20    | 0.09%             | 2034-04-04      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                   | Prime Security Services Borrower LLC/Prime Finance, Inc.                        | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    199000 | PA      | $198985.75    | 0.09%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                    | John Deere Capital Corp.                                                        | CUSIP: 24422EXB0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27606.68     | 0.01%             | 2028-07-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                   | Fortescue Treasury Pty. Ltd.                                                    | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    380000 | PA      | $356022.27    | 0.16%             | 2031-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Notes                                                             | CUSIP: 91282CLB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    286000 | PA      | $286509.44    | 0.12%             | 2026-07-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY PENN ELECTRI                   | FirstEnergy Pennsylvania Electric Co.                                           | CUSIP: 591894CE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $96697.47     | 0.04%             | 2028-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 87 CLO Ltd.                                                              | CUSIP: 26246GAY9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.44%             | 2038-08-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| EASTMAN CHEMICAL CO                        | Eastman Chemical Co.                                                            | CUSIP: 277432AX8<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | DBT              | CORP              | US        |    140000 | PA      | $145400.51    | 0.06%             | 2033-03-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation (The)                    | Hertz Corp.                                                                     | CUSIP: 42804VBD2<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |    361666 | PA      | $305608.05    | 0.13%             | 2028-06-30      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                    | Booz Allen Hamilton, Inc.                                                       | CUSIP: 09951LAD5<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |     38000 | PA      | $38796.40     | 0.02%             | 2035-04-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| CHARLES SCHWAB CORP                        | Charles Schwab Corp.                                                            | CUSIP: 808513BY0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20396.50     | 0.01%             | 2027-03-03      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                           | Hewlett Packard Enterprise Co.                                                  | CUSIP: 42824CBR9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34963.33     | 0.02%             | 2026-09-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                 | Federal National Mortgage Association                                           | CUSIP: 31418ECQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1741267 | PA      | $1430600.73   | 0.62%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate, LLC         | Alliant Holdings Intermediate LLC                                               | CUSIP: 01881UAM7<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |    205660 | PA      | $205543.72    | 0.09%             | 2031-09-19      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                    | Marathon Petroleum Corp.                                                        | CUSIP: 56585ABL5<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |     74000 | PA      | $75080.32     | 0.03%             | 2035-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                         | Baytex Energy Corp.                                                             | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    192000 | PA      | $185676.17    | 0.08%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| SHIFT4 PAYMENTS LLC/FIN                    | Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.                           | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    149000 | PA      | $153916.26    | 0.07%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                        | Insulet Corp.                                                                   | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    145000 | PA      | $149048.98    | 0.07%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Crash Champions LLC                        | Crash Champions LLC                                                             | CUSIP: 15870MAC0<br>LEI: 391200ZDD75EGEUJ7625 | Long             | LON              | CORP              | US        |    198496 | PA      | $182451.20    | 0.08%             | 2029-02-23      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                        | Quanta Services, Inc.                                                           | CUSIP: 74762EAH5<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |     58000 | PA      | $50046.87     | 0.02%             | 2032-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Notes                                                             | CUSIP: 91282CNL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1195500.00   | 0.52%             | 2027-06-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NY STATE ELECTRIC & GAS                    | New York State Electric & Gas Corp.                                             | CUSIP: 649840CV5<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |     22000 | PA      | $23072.79     | 0.01%             | 2033-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                         | Mattamy Group Corp.                                                             | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    206000 | PA      | $197628.06    | 0.09%             | 2030-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| DRAGON BUYER INC                           | Dragon Buyer, Inc.                                                              | CUSIP: 26143FAB5<br>LEI: 2549006V6EIUFGF2Y127 | Long             | LON              | CORP              | US        |    249539 | PA      | $249850.54    | 0.11%             | 2031-09-30      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                   | Performance Food Group, Inc.                                                    | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199692.44    | 0.09%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                         | Ford Motor Co.                                                                  | CUSIP: 345370845<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |      7500 | NS      | $169200.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Bills                                                             | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   3000000 | PA      | $2975547.42   | 1.30%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE                      | Fortress Intermediate 3, Inc.                                                   | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157422.45    | 0.07%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                        | General Electric Co.                                                            | CUSIP: 369604CA9<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20929.17     | 0.01%             | 2036-01-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Bills                                                             | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2200000 | PA      | $2189257.42   | 0.95%             | 2025-09-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                          | Kinder Morgan, Inc.                                                             | CUSIP: 494553AE0<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    418000 | PA      | $422261.23    | 0.18%             | 2034-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                         | Roche Holdings, Inc.                                                            | CUSIP: 771196CG5<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    243000 | PA      | $255212.73    | 0.11%             | 2030-11-13      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAIN INFRA                    | Atlantica Sustainable Infrastructure Ltd.                                       | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $193137.14    | 0.08%             | 2028-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                               | Enbridge, Inc.                                                                  | CUSIP: 29250NCH6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $25103.19     | 0.01%             | 2028-06-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Federal Home Loan Mortgage Corp.                                                | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1489095 | PA      | $1481618.89   | 0.65%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                             | Amazon.com, Inc.                                                                | CUSIP: 023135CF1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50273.93     | 0.02%             | 2027-04-13      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO                      | VFH Parent LLC/Valor Co-Issuer, Inc.                                            | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $208090.81    | 0.09%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CONSTRUCTION PARTNERS INC                  | Construction Partners, Inc.                                                     | CUSIP: 21043XAH5<br>LEI: 549300MHLFL4E8JLZU44 | Long             | LON              | CORP              | US        |     34195 | PA      | $34323.32     | 0.01%             | 2031-11-03      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| HCA INC                                    | HCA, Inc.                                                                       | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    113000 | PA      | $106522.10    | 0.05%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                     | Canyon Capital CLO Ltd.                                                         | CUSIP: 13877LBC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2008550.00   | 0.88%             | 2038-04-15      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                    | Cooperatieve Rabobank UA                                                        | CUSIP: 21688ABK7<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $254056.60    | 0.11%             | 2028-01-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                          | HSBC Holdings PLC                                                               | CUSIP: 404280DU0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $207435.96    | 0.09%             | 2029-03-09      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| GRUBHUB HOLDINGS INC                       | GrubHub Holdings, Inc.                                                          | CUSIP: 40010PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    224000 | PA      | $219247.45    | 0.10%             | 2027-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited           | Bain Capital Credit CLO Ltd.                                                    | CUSIP: 05682GBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    800000 | PA      | $805881.60    | 0.35%             | 2035-04-22      | Floating      | 9.33%                 | No            |                  2 | On Loan: No      |
| CEC ENTERTAINMENT LLC                      | CEC Entertainment LLC                                                           | CUSIP: 125137AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $337515.11    | 0.15%             | 2026-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BCPE Grill Parent                          | BCPE Grill Parent                                                               | CUSIP: 05553QAB8<br>LEI: 254900GQZ43I22BGT628 | Long             | LON              | CORP              | US        |    206801 | PA      | $196460.68    | 0.09%             | 2030-09-30      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                         | Crown Americas LLC                                                              | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70130.06     | 0.03%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hanesbrands, Inc.                          | Hanesbrands, Inc.                                                               | CUSIP: 410346AY6<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | LON              | CORP              | US        |     66314 | PA      | $66396.69     | 0.03%             | 2032-03-07      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                    | Pfizer Investment Enterprises Pte. Ltd.                                         | CUSIP: 716973AF9<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |     37000 | PA      | $35027.34     | 0.02%             | 2043-05-19      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                         | Voyager Parent LLC                                                              | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    324928 | PA      | $324826.86    | 0.14%             | 2032-07-01      | Floating      | 9.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Federal Home Loan Mortgage Corp.                                                | CUSIP: 3132DWKP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    819740 | PA      | $831731.62    | 0.36%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DEERE & COMPANY                            | Deere & Co.                                                                     | CUSIP: 244199BL8<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259468.63    | 0.11%             | 2035-01-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                    | John Deere Capital Corp.                                                        | CUSIP: 24422EXX2<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     71000 | PA      | $70596.79     | 0.03%             | 2031-09-08      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                    | Pakistan Government International Bonds                                         | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    200000 | PA      | $199156.92    | 0.09%             | 2026-04-08      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                   | Cloud Software Group, Inc.                                                      | CUSIP: 88632NBE9<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |    263479 | PA      | $264322.90    | 0.12%             | 2031-03-21      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| PROMETRIC HOLDINGS INC                     | Prometric Holdings, Inc.                                                        | CUSIP: 80358TAG1<br>LEI: 54930034OH1XQT27TX40 | Long             | LON              | CORP              | US        |    188611 | PA      | $189672.29    | 0.08%             | 2032-06-25      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| Ryan LLC                                   | Ryan LLC                                                                        | CUSIP: 78350LAZ8<br>LEI: 549300TG86D8HZC6TE67 | Long             | LON              | CORP              | US        |    265000 | PA      | $264834.38    | 0.12%             | 2030-11-14      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                   | Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    265000 | PA      | $274403.00    | 0.12%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Aimbridge Acquisition Co Inc               | Aimbridge Acquisition Co., Inc.                                                 | CUSIP: 00900YAD8<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                        | NCL Corp. Ltd.                                                                  | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     10000 | PA      | $10271.20     | 0.00%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Bonds                                                             | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4074609.38   | 1.78%             | 2044-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                     | Match Group Holdings II LLC                                                     | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     48000 | PA      | $42949.89     | 0.02%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc        | Clydesdale Acquisition Holdings, Inc.                                           | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |     89836 | PA      | $89754.55     | 0.04%             | 2032-04-01      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC               | Aimbridge Acquisition Co., Inc.                                                 | CUSIP: 00900YAG1<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |     27359 | PA      | $27222.12     | 0.01%             | 2030-03-11      | Floating      | 9.96%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                             | Eli Lilly & Co.                                                                 | CUSIP: 532457BP2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21623.23     | 0.01%             | 2027-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Gohl Capital Ltd                           | Gohl Capital Ltd.                                                               | CUSIP: 000000000<br>LEI: 254900TF7OK6KSDZA888 | Long             | DBT              | CORP              | IM        |    200000 | PA      | $198291.02    | 0.09%             | 2027-01-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                        | NuStar Logistics LP                                                             | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123623.40    | 0.05%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QXO INC                                    | QXO, Inc.                                                                       | CUSIP: 07368RAJ0<br>LEI: 549300HDXQWWCBOYXP31 | Long             | LON              | CORP              | US        |    150568 | PA      | $151866.26    | 0.07%             | 2032-04-30      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                       | Bank of America Corp.                                                           | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    164000 | PA      | $164157.57    | 0.07%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                      | Wells Fargo & Co.                                                               | CUSIP: 95000U3K7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20495.49     | 0.01%             | 2035-01-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                     | U.S. Treasury Notes                                                             | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | PA      | $747187.50    | 0.33%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                   | Boost Newco Borrower LLC                                                        | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |    200000 | PA      | $211462.20    | 0.09%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                             | NRG Energy, Inc.                                                                | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    455000 | PA      | $416511.53    | 0.18%             | 2031-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Howden Group Holdings Ltd                  | Howden Group Holdings Ltd.                                                      | CUSIP: 000000000<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |    315459 | PA      | $315515.53    | 0.14%             | 2031-02-15      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                          | Sysco Corp.                                                                     | CUSIP: 871829BU0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |     69000 | PA      | $70456.42     | 0.03%             | 2030-09-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                               | AutoZone, Inc.                                                                  | CUSIP: 053332BJ0<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21469.91     | 0.01%             | 2029-07-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                               | Barclays PLC                                                                    | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    220000 | PA      | $220274.89    | 0.10%             | 2025-12-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                        | Sound Point CLO 35 Ltd.                                                         | CUSIP: 83607PAY3<br>LEI: 5493007O9REHODCOEJ53 | Long             | ABS-CBDO         | CORP              | JE        |   2300000 | PA      | $2271537.50   | 0.99%             | 2038-04-26      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                   | Weatherford International Ltd.                                                  | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    195000 | PA      | $200325.84    | 0.09%             | 2030-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                | Asurion LLC                                                                     | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    175000 | PA      | $171208.28    | 0.07%             | 2030-09-19      | Floating      | 8.61%                 | No            |                  2 | On Loan: No      |
| HERSHEY COMPANY                            | Hershey Co.                                                                     | CUSIP: 427866BK3<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35341.49     | 0.02%             | 2028-02-24      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                     | GE HealthCare Technologies, Inc.                                                | CUSIP: 36267VAF0<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102524.42    | 0.04%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                   | Penske Truck Leasing Co. LP/PTL Finance Corp.                                   | CUSIP: 709599BZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     23000 | PA      | $23503.23     | 0.01%             | 2029-03-30      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                            | Allegro CLO XV Ltd.                                                             | CUSIP: 01749WAW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $1997162.00   | 0.87%             | 2038-04-20      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                               | Broadcom, Inc.                                                                  | CUSIP: 11135FBH3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    185000 | PA      | $165035.20    | 0.07%             | 2031-02-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                    | Algonquin Power & Utilities Corp.                                               | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |     10513 | NS      | $274704.69    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ILIAD HOLDING SAS                          | Iliad Holding SASU                                                              | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    404000 | PA      | $414661.03    | 0.18%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                      | Stonepeak Nile Parent LLC                                                       | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    214000 | PA      | $224773.40    | 0.10%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                              | Citigroup, Inc.                                                                 | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     84000 | PA      | $83659.13     | 0.04%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Homeserve USA Holding Corp                 | Homeserve USA Holding Corp.                                                     | CUSIP: 43761EAD0<br>LEI: 254900UCR2BMZVFOR729 | Long             | LON              | CORP              | US        |    199495 | PA      | $198830.03    | 0.09%             | 2030-10-21      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                     | Venture Global LNG, Inc.                                                        | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    399000 | PA      | $412708.84    | 0.18%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                               | Broadcom, Inc.                                                                  | CUSIP: 11135FCL3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     44000 | PA      | $44135.66     | 0.02%             | 2032-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                        | NCL Corp. Ltd.                                                                  | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    435000 | PA      | $461463.23    | 0.20%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CLEARWATER ANALYTICS LLC                   | Clearwater Analytics LLC                                                        | CUSIP: 18512EAF9<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |     55002 | PA      | $55035.97     | 0.02%             | 2032-04-21      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                      | American Airlines, Inc.                                                         | CUSIP: 02376CBM6<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |     55974 | PA      | $55704.52     | 0.02%             | 2029-06-04      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                            | Cigna Group                                                                     | CUSIP: 125523CM0<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     38000 | PA      | $33666.58     | 0.01%             | 2031-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| PAI Holdco Inc                             | PAI Holdco, Inc.                                                                | CUSIP: 69315JAG8<br>LEI: 2549001NJ55NUV372F56 | Long             | LON              | CORP              | US        |    253954 | PA      | $201258.78    | 0.09%             | 2027-10-28      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                      | Texas Instruments, Inc.                                                         | CUSIP: 882508BV5<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    151000 | PA      | $152625.02    | 0.07%             | 2028-02-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                    | Avis Budget Car Rental LLC/Avis Budget Finance, Inc.                            | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67054.49     | 0.03%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                        | JPMorgan Chase & Co.                                                            | CUSIP: 46625HJZ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     62000 | PA      | $61767.49     | 0.03%             | 2026-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                | Oracle Corp.                                                                    | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    167000 | PA      | $158132.76    | 0.07%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                     | Clearway Energy Operating LLC                                                   | CUSIP: 18539UAE5<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    235000 | PA      | $208752.59    | 0.09%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                     | Cloud Software Group, Inc.                                                      | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    306000 | PA      | $309024.81    | 0.13%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                 | Humana, Inc.                                                                    | CUSIP: 444859BN1<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |     82000 | PA      | $82417.32     | 0.04%             | 2030-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BERLIN PACKAGING LLC                       | Berlin Packaging LLC                                                            | CUSIP: 08511LBC1<br>LEI: 549300L1HNHO6QOXHH42 | Long             | LON              | CORP              | US        |    164175 | PA      | $164453.44    | 0.07%             | 2031-06-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                | Federal Home Loan Mortgage Corp.                                                | CUSIP: 3133B9KZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1987761 | PA      | $1555809.32   | 0.68%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                           | Paramount Global                                                                | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    283000 | PA      | $272741.25    | 0.12%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                                 | EZCORP, Inc.                                                                    | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124975.20    | 0.05%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                    | Starwood Property Trust, Inc.                                                   | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    170000 | PA      | $174858.43    | 0.08%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RealPage Inc                               | RealPage, Inc.                                                                  | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |    152915 | PA      | $152675.76    | 0.07%             | 2028-04-24      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| GNL QUINTERO SA                            | GNL Quintero SA                                                                 | CUSIP: 000000000<br>LEI: 549300JJJIQXE6E1QY27 | Long             | DBT              | CORP              | CL        |    105920 | PA      | $105671.69    | 0.05%             | 2029-07-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                             | Merck & Co., Inc.                                                               | CUSIP: 58933YBJ3<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105054.56    | 0.05%             | 2030-05-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                       | TTM Technologies, Inc.                                                          | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |    210000 | PA      | $199881.42    | 0.09%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                     | Harvest Midstream I LP                                                          | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    445000 | PA      | $462548.13    | 0.20%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AFRICAN EXPORT-IMPORT BA                   | African Export-Import Bank                                                      | CUSIP: 000000000<br>LEI: 21380068LJCDYA42GJ76 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $173902.10    | 0.08%             | 2031-05-17      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC                          | Herc Holdings, Inc.                                                             | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     68000 | PA      | $70280.42     | 0.03%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                    | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAL7<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |     89000 | PA      | $90600.32     | 0.04%             | 2029-02-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                   | Targa Resources Partners LP/Targa Resources Partners Finance Corp.              | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     41000 | PA      | $41604.08     | 0.02%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS                     | Methanex U.S. Operations, Inc.                                                  | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $277548.48    | 0.12%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                   | F&G Annuities & Life, Inc.                                                      | CUSIP: 30190AAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $16911.18     | 0.01%             | 2034-10-04      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| WILLIAMS COMPANIES INC                     | Williams Cos., Inc.                                                             | CUSIP: 969457CR9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50798.06     | 0.02%             | 2030-06-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                            | Antofagasta PLC                                                                 | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $209331.20    | 0.09%             | 2034-05-02      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SUNRISE FINANCING PARTNERSHIP              | Sunrise Financing Partnership                                                   | CUSIP: 000000000<br>LEI: 213800DXWIS9KORQ3X94 | Long             | LON              | CORP              | US        |    146624 | PA      | $146303.01    | 0.06%             | 2032-02-15      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                   | Sumitomo Mitsui Financial Group, Inc.                                           | CUSIP: 86562MEB2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    130000 | PA      | $129104.20    | 0.06%             | 2046-07-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                   | Pattern Energy Operations LP/Pattern Energy Operations, Inc.                    | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $305387.43    | 0.13%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                        | Travel & Leisure Co.                                                            | CUSIP: 98309GAF3<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | LON              | CORP              | US        |    261081 | PA      | $261679.54    | 0.11%             | 2029-12-14      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                   | Amcor Flexibles North America, Inc.                                             | CUSIP: 02344AAD0<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25356.85     | 0.01%             | 2030-03-17      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                        | Nomura Holdings, Inc.                                                           | CUSIP: 65535HCC1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202510.80    | 0.09%             | 2030-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                       | LifePoint Health, Inc.                                                          | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    248750 | PA      | $247609.98    | 0.11%             | 2031-05-19      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                   | Concentra Health Services, Inc.                                                 | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    203000 | PA      | $208580.52    | 0.09%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                         | Sunrise FinCo I BV                                                              | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $188520.00    | 0.08%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** TRANSAMERICA FUNDS

**Signature:** Joshua Durham

**Name of Signer:** Joshua Durham

**Title:** Chief Operating Officer and Interim Treasurer