# EDGAR Filing Document

**Accession Number:** 0001005020
**File Stem:** 0000940400-26-022784
**Filing Date:** 2026-6
**Character Count:** 266561
**Document Hash:** 11b428445eb626bdc36e35ea16238a74
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022784.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022784

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS OPPORTUNITIES TRUST
- **CENTRAL INDEX KEY:** 0001005020

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07455
- **FILM NUMBER:** 261048440

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 800-243-1574

**MAIL ADDRESS:**
- **STREET 1:** ONE FINANCIAL PLAZA
- **STREET 2:** 26TH FLOOR
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX OPPORTUNITIES TRUST
- **DATE OF NAME CHANGE:** 20060127

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX SENECA FUNDS
- **DATE OF NAME CHANGE:** 19990122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SENECA FUNDS
- **DATE OF NAME CHANGE:** 19951218

## Series and Classes Contracts Data

### Virtus Newfleet Low Duration Core Plus Bond Fund (Series ID: S000055179)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000173503 | Class A      | HIMZX           |
| C000173504 | Class C      | PCMZX           |
| C000173505 | Class I      | HIBIX           |
| C000210350 | Class R6     | VLDRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus Opportunities Trust

- **b. Investment Company Act file number:** 811-07455

- **c. CIK number of Registrant:** 0001005020

- **d. LEI of Registrant:** 549300O4C4QVD88M4N75

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

  - **Street Address 1:** 101 Munson Street

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01301-9668

  - **Telephone number:** 800-243-1574

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

- **a. Name of Series:** Virtus Newfleet Low Duration Core Plus Bond Fund

- **b. EDGAR series identifier (if any):** S000055179

- **c. LEI of Series:** 549300INF8MRMW88KO98

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

- **a. Date of fiscal year-end:** 2026-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $416094002.07

**Total Liabilities:** $4190528.16

**Net Assets:** $411903473.91

**Delayed Delivery Securities:** $160000.00

**Cash Not Reported:** $7883348.15

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -18.99235040 | **1-Year:** -41.93656251 | **5-Year:** -20576.58032000 | **10-Year:** -13533.98629000 | **30-Year:** -43298.43538000

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

- **3-Month:** 0.00000000 | **1-Year:** -172.74512970 | **5-Year:** -4080.41946700 | **10-Year:** -5467.89317200 | **30-Year:** -4167.75052300

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000173503 | 0.35%                | 0.52%                | -0.49%               |
| Class ID C000173504 | 0.29%                | 0.46%                | -0.55%               |
| Class ID C000173505 | 0.47%                | 0.53%                | -0.57%               |
| Class ID C000210350 | 0.47%                | 0.54%                | -0.56%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-16434.75               | $224290.63                                 |
| Month 2  | $-18975.14               | $789646.71                                 |
| Month 3  | $-51785.50               | $-3704354.35                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GOLDENTREE LN MGMT US CLO 9 LTD/LLC                                                              | GLM 2021-9A AR                                                             | CUSIP: 38138JAN3<br>LEI: 549300CQMHYJ3DLMP206 | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1300000.00   | 0.32%             | 2037-04-20      | Floating      | 5.17%                 | No            |                  3 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2026-1                                                     | WLAKE 2026-1A C                                                            | CUSIP: 96043BAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1025000 | PA      | $1017193.70   | 0.25%             | 2031-06-16      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                                                                              | BPL 6.75 02/01/30 144A                                                     | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    290000 | PA      | $299283.19    | 0.07%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ACM AUTO TRUST 2024-2                                                                            | ACMAT 2024-2A A                                                            | CUSIP: 00461WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8172 | PA      | $8174.51      | 0.00%             | 2029-02-20      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                              | FITB V4.055 04/25/28                                                       | CUSIP: 316773DE7<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    226000 | PA      | $224735.47    | 0.05%             | 2028-04-25      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2024-C                                                                | CPS 2024-C C                                                               | CUSIP: 223920AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1045000 | PA      | $1054815.48   | 0.26%             | 2030-10-15      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                                        | SOBOCN 5.026 10/01/29                                                      | CUSIP: 83007CAD4<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    693000 | PA      | $697464.96    | 0.17%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                                                   | ATWALD 4.625 11/15/28                                                      | CUSIP: 049463AF9<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    580000 | PA      | $571222.84    | 0.14%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL7532                                                                  | CUSIP: 3138EQLN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21042 | PA      | $20857.08     | 0.01%             | 2027-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                              | SYF 2.875 10/28/31                                                         | CUSIP: 87165BAR4<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    340000 | PA      | $296620.18    | 0.07%             | 2031-10-28      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SIERRA TIMESHARE 2023-2 RECEIVABLES FUNDING LLC                                                  | SRFC 2023-2A B                                                             | CUSIP: 82650BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240104 | PA      | $245296.05    | 0.06%             | 2040-04-20      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V3.526 03/24/28 MTN                                                    | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    342000 | PA      | $339178.64    | 0.08%             | 2028-03-24      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| Pilgrims Pride Corporation                                                                       | PPC 4.25 04/15/31                                                          | CUSIP: 72147KAJ7<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    430000 | PA      | $410742.97    | 0.10%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Acm Auto Trust 2025-3                                                                            | ACMAT 2025-3A A                                                            | CUSIP: 00161UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    601507 | PA      | $600926.11    | 0.15%             | 2030-01-20      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Harbor Freight Tools USA Inc                                                                     | Harbor Freight Term Loan B 250 2031-05-27                                  | CUSIP: 41151PAR6<br>LEI: 549300Y48HLCFTTB4249 | Long             | LON              | CORP              | US        |    244542 | PA      | $241725.19    | 0.06%             | 2031-06-11      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2022-CLS                                                                                | BX 2022-CLS A                                                              | CUSIP: 05609XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    891000 | PA      | $894210.27    | 0.22%             | 2027-10-13      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| PMT LOAN TRUST 2025-INV7                                                                         | PMTLT 2025-INV7 A7                                                         | CUSIP: 73015FAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    915690 | PA      | $924257.93    | 0.22%             | 2056-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| HOMES 2023-NQM2 TRUST                                                                            | HOMES 2023-NQM2 A1                                                         | CUSIP: 43761KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1144758 | PA      | $1142501.00   | 0.28%             | 2068-02-25      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 4 07/31/29                                                               | CUSIP: 91282CLC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3790000 | PA      | $3806877.32   | 0.92%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                                                                 | DB V2.311 11/16/27                                                         | CUSIP: 251526CP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    147000 | PA      | $144995.61    | 0.04%             | 2027-11-16      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Viatris Inc                                                                                      | VTRS 2.3 06/22/27 144A                                                     | CUSIP: 91533BAC4<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |       297 | PA      | $287.99       | 0.00%             | 2027-06-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                                                          | BAH 4 07/01/29 144A                                                        | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    832000 | PA      | $805024.51    | 0.20%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gls Auto Select Receivables Issuer Trust 2025-1                                                  | GSAR 2025-1A A2                                                            | CUSIP: 36271FAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    981954 | PA      | $985693.10    | 0.24%             | 2030-04-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Builders Firstsource, Inc.                                                                       | BLDR 4.25 02/01/32 144A                                                    | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    360000 | PA      | $331465.46    | 0.08%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Cogeco Communications Finance (USA) LP                                                           | COGECO COMMUNICATIONS USA II LP                                            | CUSIP: 19239BAD0<br>LEI: 549300SM780G0XC48K12 | Long             | LON              | CORP              | US        |    351159 | PA      | $332157.62    | 0.08%             | 2030-09-18      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| COLT 2022-3 MORTGAGE LOAN TRUST                                                                  | COLT 2022-3 A1                                                             | CUSIP: 12659YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1113903 | PA      | $1089761.39   | 0.26%             | 2067-02-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust 2021-1                                                        | EFMT 2021-1 A2                                                             | CUSIP: 31574XAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    337559 | PA      | $295622.87    | 0.07%             | 2066-02-25      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2019-OC11 D                                                             | CUSIP: 05606FAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    710000 | PA      | $671190.97    | 0.16%             | 2041-12-11      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                     | THC 5.5 11/15/32 144A                                                      | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    225000 | PA      | $222924.76    | 0.05%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TIC HOME IMPROVEMENT TRUST 2024-A                                                                | TIC 2024-A A                                                               | CUSIP: 87252DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    478403 | PA      | $485765.86    | 0.12%             | 2046-10-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V2.475 01/21/28                                                         | CUSIP: 61747YEK7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    906000 | PA      | $891799.60    | 0.22%             | 2028-01-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| FHF TRUST 2023-1                                                                                 | FHF 2023-1A A2                                                             | CUSIP: 30331GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    113336 | PA      | $113728.46    | 0.03%             | 2028-06-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SB8269                                                                  | CUSIP: 3132D6FJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1886526 | PA      | $1945761.18   | 0.47%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2020-R1                                                                 | AOMT 2020-R1 A2                                                            | CUSIP: 034651AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235893 | PA      | $228121.01    | 0.06%             | 2053-04-25      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                 | CHTR 6.375 09/01/29 144A                                                   | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    616000 | PA      | $617890.50    | 0.15%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROCK TRUST 2024-CNTR                                                                             | ROCC 2024-CNTR A                                                           | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1155000 | PA      | $1174158.91   | 0.29%             | 2041-11-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2021-R1                                                               | VERUS 2021-R1 A1                                                           | CUSIP: 92538BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    248233 | PA      | $240274.11    | 0.06%             | 2063-10-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| National Grid PLC                                                                                | NGGLN 5.602 06/12/28                                                       | CUSIP: 636274AD4<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | DBT              | CORP              | GB        |    611000 | PA      | $625543.19    | 0.15%             | 2028-06-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2024-CES1                                                              | TPMT 2024-CES1 A1A                                                         | CUSIP: 89183CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    231602 | PA      | $231983.81    | 0.06%             | 2064-01-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| VEROS AUTO RECEIVABLES TRUST 2025-1                                                              | VEROS 2025-1 B                                                             | CUSIP: 92511BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1140000 | PA      | $1148034.83   | 0.28%             | 2029-07-16      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| CQP Holdco LP                                                                                    | CQP Holdco Term Loan B 175 2032-12-01                                      | CUSIP: 12657QAF0<br>LEI: 549300LPL012JY5D4B69 | Long             | LON              | CORP              | US        |     60000 | PA      | $59662.80     | 0.01%             | 2032-12-31      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust 2019-A                                                                        | AQFIT 2019-A C                                                             | CUSIP: 038370AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    810422 | PA      | $793195.93    | 0.19%             | 2040-07-16      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TR 2024-3                                                                   | VERUS 2024-3 A1                                                            | CUSIP: 92540MAA3<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-O            | CORP              | US        |    792410 | PA      | $798866.15    | 0.19%             | 2069-04-25      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| ELM TRUST 2024-ELM                                                                               | ELM 2024-ELM A10                                                           | CUSIP: 26860XAU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    907000 | PA      | $908789.06    | 0.22%             | 2039-06-10      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Froneri International Limited                                                                    | Froneri Term Loan B 200 2031-09-02                                         | CUSIP: 000000000<br>LEI: 213800NRSZ1N2Y6LEX44 | Long             | LON              | CORP              | US        |    301378 | PA      | $294943.46    | 0.07%             | 2031-09-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                                                            | DNKN 2025-1A A2I                                                           | CUSIP: 233046AU5<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |    648375 | PA      | $642197.74    | 0.16%             | 2055-08-20      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2021-N3                                                           | CRVNA 2021-N3 D                                                            | CUSIP: 14687GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    155328 | PA      | $151668.15    | 0.04%             | 2028-06-12      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Philippines (Republic Of)                                                                        | PHILIP 4.375 03/05/30                                                      | CUSIP: 718286DE4<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    140000 | PA      | $139265.00    | 0.03%             | 2030-03-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Spire Inc                                                                                        | SR V6.25 06/01/56                                                          | CUSIP: 84857LAD3<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    530000 | PA      | $524089.28    | 0.13%             | 2056-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Texas Capital Bancshares, Inc.                                                                   | TCBI V5.301 02/27/32                                                       | CUSIP: 88224QAC1<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |    335000 | PA      | $330294.95    | 0.08%             | 2032-02-27      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Construction Partners Inc                                                                        | Construction Partners Term Loan B 250 2031-10-20                           | CUSIP: 21043XAH5<br>LEI: 549300MHLFL4E8JLZU44 | Long             | LON              | CORP              | US        |    245659 | PA      | $245276.01    | 0.06%             | 2031-11-03      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON BRANCH                                                                             | UBS 5.65 09/11/28                                                          | CUSIP: 902674ZW3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    535000 | PA      | $552098.45    | 0.13%             | 2028-09-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Fedex Freight Holding Co. Inc.                                                                   | FDX 4.65 03/15/31 144A                                                     | CUSIP: 314352AC9<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78629.20     | 0.02%             | 2031-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust 2022-5                                                    | SDART 2022-5 C                                                             | CUSIP: 80287HAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     27298 | PA      | $27303.34     | 0.01%             | 2028-10-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust 2014/1                                              | ACAR 2024-4 C                                                              | CUSIP: 024945AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1080000 | PA      | $1082773.66   | 0.26%             | 2031-08-12      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Cornerstone Generation, LLC                                                                      | Cornerstone Generation Term Loan B 325 2031-10-14                          | CUSIP: 21924NAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    297994 | PA      | $297782.11    | 0.07%             | 2032-08-11      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST 2025-1                                                             | LBZZ 2025-1A A2                                                            | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    643807 | PA      | $645294.13    | 0.16%             | 2030-10-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                    | OMF 6.75 03/15/32                                                          | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    340000 | PA      | $329880.68    | 0.08%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Westgate Resorts 2022-1 Llc                                                                      | WESTR 2022-1A B                                                            | CUSIP: 96034JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     79344 | PA      | $79006.29     | 0.02%             | 2036-08-20      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp                                                                            | Playtika Term Loan B 275 2028-02-25                                        | CUSIP: 72814CAF5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |    410328 | PA      | $385535.59    | 0.09%             | 2028-03-13      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| Commonbond St Ln Tr 2017-A-Gs                                                                    | CBSLT 2017-AGS A1                                                          | CUSIP: 20267VAA5<br>LEI: 549300LRCNJYVPZRKK63 | Long             | ABS-O            | CORP              | US        |     38986 | PA      | $37458.69     | 0.01%             | 2041-05-25      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST 2025-1PL                                                                          | ACHV 2025-1PL B                                                            | CUSIP: 00112MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    438672 | PA      | $439715.27    | 0.11%             | 2032-04-26      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Tractor Supply Co                                                                                | TSCO 1.75 11/01/30                                                         | CUSIP: 892356AA4<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |    920000 | PA      | $810998.53    | 0.20%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2015-1                                                                  | JPMMT 2015-1 AM1                                                           | CUSIP: 46643UDJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21604 | PA      | $21332.04     | 0.01%             | 2044-12-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2025-NQM2                                                               | JPMMT 2025-NQM2 A1                                                         | CUSIP: 46590SAC1<br>LEI: 529900LIO4UMWFLNQ670 | Long             | ABS-O            | CORP              | US        |    754552 | PA      | $757530.50    | 0.18%             | 2065-09-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| VFI ABS 2025-1 LLC                                                                               | VFI 2025-1A A                                                              | CUSIP: 91824UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325003 | PA      | $326016.71    | 0.08%             | 2030-06-24      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2022-1                                                      | DRMT 2022-1 A1                                                             | CUSIP: 24382JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67133 | PA      | $61984.53     | 0.02%             | 2067-01-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| Daimler Trucks Finance North America LLC                                                         | DTRGR 4.5 04/12/31 144A                                                    | CUSIP: 233853BL3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117676.77    | 0.03%             | 2031-04-12      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MARLETTE FUNDING TRUST 2024-1                                                                    | MFT 2024-1A B                                                              | CUSIP: 57108VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    399134 | PA      | $400367.64    | 0.10%             | 2034-07-17      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST 2023-2                                                           | PART 2023-2A B                                                             | CUSIP: 74113VAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    114170 | PA      | $114242.99    | 0.03%             | 2027-12-15      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| FOUNDATION FINANCE TRUST 2024-2                                                                  | FFIN 2024-2A A                                                             | CUSIP: 35040VAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    636758 | PA      | $633908.77    | 0.15%             | 2050-03-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | FN MA5072                                                                  | CUSIP: 31418ET67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1615280 | PA      | $1627951.86   | 0.40%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PEAC SOLUTIONS RECEIVABLES 2025-1 LLC                                                            | PEAC 2025-1A C                                                             | CUSIP: 69392HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $809794.80    | 0.20%             | 2032-07-20      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8492                                                                  | CUSIP: 3132DWNH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1565352 | PA      | $1544942.06   | 0.38%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCK TRUST 2024-CNTR                                                                             | ROCC 2024-CNTR C                                                           | CUSIP: 74970WAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    465000 | PA      | $479164.97    | 0.12%             | 2041-11-15      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM3                                                    | NRZT 2026-NQM3 A1                                                          | CUSIP: 64832PAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    733667 | PA      | $726724.03    | 0.18%             | 2066-02-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST 2025-1                                                                     | CCG 2025-1 C                                                               | CUSIP: 12515XAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1165000 | PA      | $1169776.97   | 0.28%             | 2032-10-14      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Virtus ETF Trust II                                                                              | Virtus Newfleet Securitized Income ETF                                     | CUSIP: 92790A603<br>LEI: 549300OXQOLOW6OELM19 | Long             | EC               | RF                | US        |    167104 | NS      | $4040741.82   | 0.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Newell Brands Inc.                                                                               | NWL 6.375 09/15/27                                                         | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    515000 | PA      | $517517.84    | 0.13%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP/ Ladder Capital Finance Corp.                               | LADR 4.25 02/01/27 144A                                                    | CUSIP: 505742AM8<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1096598.64   | 0.27%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG New York Branch                                                                 | DB V6.819 11/20/29                                                         | CUSIP: 251526CU1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    136000 | PA      | $142795.63    | 0.03%             | 2029-11-20      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment Inc                                                                    | Live Nation Term Loan B 200 2032-10-06                                     | CUSIP: 53803HAY6<br>LEI: 5493007B9BM9ZXJINO78 | Long             | LON              | CORP              | US        |    344138 | PA      | $343707.33    | 0.08%             | 2032-10-21      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| PEAC SOLUTIONS RECEIVABLES 2024-1 LLC                                                            | PEAC 2024-1A B                                                             | CUSIP: 69433BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1071472.29   | 0.26%             | 2030-11-20      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                                       | SOAF 6.125 12/11/37 144A                                                   | CUSIP: 836205BH6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    208000 | PA      | $193103.04    | 0.05%             | 2037-12-11      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.375 12/31/27                                                           | CUSIP: 91282CPS4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4140000 | PA      | $4108141.42   | 1.00%             | 2027-12-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST 2023-3                                                                  | OCTL 2023-3A B                                                             | CUSIP: 67571CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1179000 | PA      | $1188682.42   | 0.29%             | 2029-07-20      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| MFA TRUST 2022-INV2                                                                              | MFRA 2022-INV2 A1                                                          | CUSIP: 55285UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1056405 | PA      | $1053475.55   | 0.26%             | 2057-07-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Issuer Trust 2025-1                                                         | GCAR 2025-1A D                                                             | CUSIP: 36271KAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $1165149.07   | 0.28%             | 2030-11-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| LENDMARK FUNDING TRUST 2025-3                                                                    | LFT 2025-3A A                                                              | CUSIP: 525951AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1241329.75   | 0.30%             | 2035-05-21      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2020-4                                                                  | AOMT 2020-4 A1                                                             | CUSIP: 03464LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    317504 | PA      | $308670.91    | 0.07%             | 2065-06-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| MIRA TRUST 2023-MILE                                                                             | M1RA 2023-MILE A                                                           | CUSIP: 55318EAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    775000 | PA      | $795540.52    | 0.19%             | 2038-06-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                               | VEGLPL 7.5 05/01/33 144A                                                   | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     35000 | PA      | $38472.14     | 0.01%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ESAB Corp.                                                                                       | ESAB 5.625 04/01/31 144A                                                   | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50350.50     | 0.01%             | 2031-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                                       | ACGCAP 6.375 07/15/30 144A                                                 | CUSIP: 05366DAA6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    184000 | PA      | $193667.57    | 0.05%             | 2030-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AS5730                                                                  | CUSIP: 3138WFLL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    145277 | PA      | $142161.48    | 0.03%             | 2030-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-3                                                                | LADAR 2023-3A D                                                            | CUSIP: 50168BAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1022444.10   | 0.25%             | 2030-12-16      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST 2024-2                                                             | LBZZ 2024-2A A2                                                            | CUSIP: 525920AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    458946 | PA      | $461646.37    | 0.11%             | 2029-05-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST 2025-1                                                                  | OCTL 2025-1A A2                                                            | CUSIP: 67580EAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1160000 | PA      | $1158374.61   | 0.28%             | 2031-02-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc                                                        | HASI 6.15 01/15/31                                                         | CUSIP: 40408AAA9<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    420000 | PA      | $427486.40    | 0.10%             | 2031-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2021-SFR3 TRUST                                                             | PROG 2021-SFR3 C                                                           | CUSIP: 74333VAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $498036.70    | 0.12%             | 2026-05-17      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| VCAT 2026-NPL2                                                                                   | VCAT 2026-NPL2 A1                                                          | CUSIP: 921968AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    821768 | PA      | $818066.85    | 0.20%             | 2056-02-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Elara HGV Timeshare Issuer 2023-A LLC                                                            | EHGVT 2023-A A                                                             | CUSIP: 28415AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    424824 | PA      | $436809.47    | 0.11%             | 2038-02-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2013-2                                                       | EART 2026-2A C                                                             | CUSIP: 30166WAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1060000 | PA      | $1057373.74   | 0.26%             | 2032-08-16      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| VEROS AUTO RECEIVABLES TRUST 2017-1                                                              | VEROS 2026-1 B                                                             | CUSIP: 92511CAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1240000 | PA      | $1239280.68   | 0.30%             | 2029-05-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                              | MEDIND 3.875 04/01/29 144A                                                 | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    850000 | PA      | $822257.53    | 0.20%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2017-5                                                                  | JPMMT 2017-5 A1                                                            | CUSIP: 46590YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     55577 | PA      | $55298.09     | 0.01%             | 2048-10-25      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST 2023-3                                                                       | DTAOT 2023-3A C                                                            | CUSIP: 23345WAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    972080 | PA      | $979294.74    | 0.24%             | 2029-05-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                                   | BCRED 5.95 07/16/29                                                        | CUSIP: 09261HBN6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    640000 | PA      | $630542.61    | 0.15%             | 2029-07-16      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc                                                                              | GPN 4.875 11/15/30                                                         | CUSIP: 37940XAW2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    820000 | PA      | $805273.44    | 0.20%             | 2030-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Guatemala (Republic of)                                                                          | GUATEM 6.6 06/13/36 144A                                                   | CUSIP: 401494AW9<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     80000 | PA      | $83736.00     | 0.02%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                                                          | MRP 6.375 08/01/30 144A                                                    | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $289909.78    | 0.07%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V5.046 02/12/31                                                        | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    604000 | PA      | $612798.93    | 0.15%             | 2031-02-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SKECHERS U.S.A. INC. (Beach Acquisition Bidco)                                                   | SKX L 09/13/32 1                                                           | CUSIP: 07337FAB1<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |    124688 | PA      | $124843.36    | 0.03%             | 2032-09-13      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2025-INV1                                                          | CMLTI 2025-INV1 A2                                                         | CUSIP: 17332GAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    635451 | PA      | $642203.00    | 0.16%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.123 02/01/29                                                         | CUSIP: 61747YFA8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1062000 | PA      | $1073614.41   | 0.26%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                                         | AXP F 07/26/28                                                             | CUSIP: 025816DX4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     86000 | PA      | $86157.38     | 0.02%             | 2028-07-26      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST 2026-1                                                          | SCLP 2026-1 C                                                              | CUSIP: 83408AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1240000 | PA      | $1231282.30   | 0.30%             | 2035-12-26      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| VISIO 2021-1R TRUST                                                                              | VISIO 2021-1R A1                                                           | CUSIP: 92837UAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    680714 | PA      | $636743.05    | 0.15%             | 2056-05-25      | Fixed         | 1.28%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                                                                                    | Life Time Fitness Term Loan B 200 2031-11-01                               | CUSIP: 50218KAN8<br>LEI: 549300PALKE96VYH4X17 | Long             | LON              | CORP              | US        |    330986 | PA      | $330675.06    | 0.08%             | 2031-11-05      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| J P MORGAN MTG TR 2025-NQM1                                                                      | JPMMT 2025-NQM5 A1                                                         | CUSIP: 46664DAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    731721 | PA      | $726011.04    | 0.18%             | 2066-05-25      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                                         | AESOP 2023-3A A                                                            | CUSIP: 05377RGU2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1181000 | PA      | $1189435.76   | 0.29%             | 2028-02-20      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2024-2                                                     | WLAKE 2024-2A B                                                            | CUSIP: 96042YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1006203.50   | 0.24%             | 2030-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                                     | BACR V7.385 11/02/28                                                       | CUSIP: 06738ECD5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    318000 | PA      | $331186.02    | 0.08%             | 2028-11-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VISIO 2019-2 TRUST                                                                               | VISIO 2019-2 A1                                                            | CUSIP: 92837DAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     53119 | PA      | $52916.97     | 0.01%             | 2054-11-25      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                                        | TIBX 9 09/30/29 144A                                                       | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    515000 | PA      | $496806.90    | 0.12%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                     | PEMEX 6.35 02/12/48                                                        | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    517000 | PA      | $395117.25    | 0.10%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                               | POST 6.25 02/15/32 144A                                                    | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    345000 | PA      | $348566.96    | 0.08%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2019-HY2                                                               | TPMT 2019-HY2 M1                                                           | CUSIP: 89177HAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450000 | PA      | $1451162.32   | 0.35%             | 2058-05-28      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Smurfit Kappa Treasury Unlimited Company                                                         | SW 5.2 01/15/30                                                            | CUSIP: 83272GAD3<br>LEI: 635400B3DOXSWFOWJT40 | Long             | DBT              | CORP              | IE        |    789000 | PA      | $803481.49    | 0.20%             | 2030-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST 2                                                              | GSAR 2023-1A B                                                             | CUSIP: 36267FAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1315000 | PA      | $1336387.29   | 0.32%             | 2029-03-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| Oak-Eagle AcquireCo Inc.                                                                         | EA 7.25 07/01/33 144A                                                      | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67346.14     | 0.02%             | 2033-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2024-XL5 A                                                              | CUSIP: 05612GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    764107 | PA      | $764982.44    | 0.19%             | 2041-03-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| JH North America Holdings Inc.                                                                   | JHXAU 5.875 01/31/31 144A                                                  | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    875000 | PA      | $867729.63    | 0.21%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2014/1                                              | ACAR 2026-1 C                                                              | CUSIP: 02531FAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    860000 | PA      | $857247.91    | 0.21%             | 2033-01-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Korea National Oil Corp.                                                                         | KOROIL 4.875 04/03/28 144A                                                 | CUSIP: 50065WAP1<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $202136.00    | 0.05%             | 2028-04-03      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST 2024-1                                                                     | CCG 2024-1 B                                                               | CUSIP: 12515PAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1266044.13   | 0.31%             | 2032-03-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                                                                          | KEY V5.121 04/04/31 GMTN                                                   | CUSIP: 49326EEQ2<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    804000 | PA      | $811931.32    | 0.20%             | 2031-04-04      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PLANET FITNESS MASTER ISSUER LLC SERIES 2018-1                                                   | PLNT 2024-1A A2I                                                           | CUSIP: 72703PAF0<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |   1034250 | PA      | $1040868.48   | 0.25%             | 2054-06-05      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| ADNOC Murban RSC Ltd.                                                                            | ADNOCM 4.25 09/11/29 144A                                                  | CUSIP: 00723L2A6<br>LEI: 213800OWGH7RAYG61M70 | Long             | DBT              | CORP              | AE        |     90000 | PA      | $88508.70     | 0.02%             | 2029-09-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Sonoco Products Company                                                                          | SON 4.6 09/01/29                                                           | CUSIP: 835495AR3<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    967000 | PA      | $964200.11    | 0.23%             | 2029-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Flutter Treasury Designated Activity Co.                                                         | FLTR 5.875 06/04/31 144A                                                   | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    930000 | PA      | $921341.70    | 0.22%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Philippines (Republic Of)                                                                        | PHILIP 4.75 03/05/35                                                       | CUSIP: 718286DC8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    140000 | PA      | $134400.00    | 0.03%             | 2035-03-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC) | ACI 5.5 03/31/31 144A                                                      | CUSIP: 01309QAC2<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49433.60     | 0.01%             | 2031-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fhf Issuer Trust 2024-1                                                                          | FHF 2024-1A B                                                              | CUSIP: 31568AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1010838.40   | 0.25%             | 2030-03-15      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2026-CES1                                                               | JPMMT 2026-CES1 A1A                                                        | CUSIP: 46660BAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    970373 | PA      | $962607.49    | 0.23%             | 2056-06-26      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| BXG RECEIVABLES NOTE TRUST 2020-A                                                                | BXGNT 2020-A B                                                             | CUSIP: 05608TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    202251 | PA      | $197627.51    | 0.05%             | 2036-02-28      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2018-4                                                             | MCMLT 2018-4 A1B                                                           | CUSIP: 59980YAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1047918 | PA      | $1029559.25   | 0.25%             | 2066-04-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                                                                            | Citadel Enterprise Term Loan B 200 2031-10-01                              | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |    379599 | PA      | $379811.52    | 0.09%             | 2031-10-31      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2017-1                                                             | MCMLT 2017-1 M2                                                            | CUSIP: 59981HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    461529 | PA      | $457973.31    | 0.11%             | 2058-11-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| FOUNDATION FINANCE TRUST 2023-2                                                                  | FFIN 2023-2A A                                                             | CUSIP: 35042RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475706 | PA      | $493367.32    | 0.12%             | 2049-06-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2018-1                                                       | NRZT 2018-1A A1A                                                           | CUSIP: 64830GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1373367 | PA      | $1339341.48   | 0.33%             | 2057-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                                                                                 | PSD 2.379 06/15/28                                                         | CUSIP: 745310AM4<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    735000 | PA      | $700532.34    | 0.17%             | 2028-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Costar Group Inc                                                                                 | CSGP 2.8 07/15/30 144A                                                     | CUSIP: 22160NAA7<br>LEI: 984500Q1D53D08E2E698 | Long             | DBT              | CORP              | US        |    975000 | PA      | $881681.90    | 0.21%             | 2030-07-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corporation                                                                       | NTRS V3.375 05/08/32                                                       | CUSIP: 665859AS3<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    695000 | PA      | $685306.26    | 0.17%             | 2032-05-08      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8309                                                                  | CUSIP: 3132DWGS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2513811 | PA      | $2575834.25   | 0.63%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2016-1                                                                 | TPMT 2018-3 A1                                                             | CUSIP: 89175MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1069619 | PA      | $1049152.14   | 0.25%             | 2058-05-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT ISSUER TRUST 2025-3                                                    | GSKY 2025-3A B                                                             | CUSIP: 39571WAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1240000 | PA      | $1237760.44   | 0.30%             | 2060-12-27      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-CES4                                                                                   | EFMT 2025-CES4 A1                                                          | CUSIP: 267954AA3<br>LEI: 254900UDLJF220C8I638 | Long             | ABS-O            | CORP              | US        |    611027 | PA      | $611956.56    | 0.15%             | 2060-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Red SPV LLC                                                                                      | RED SPV LLC                                                                | CUSIP: 75701MAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    357300 | PA      | $356406.75    | 0.09%             | 2032-03-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2024-N2                                                           | CRVNA 2024-N2 A3                                                           | CUSIP: 14687VAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    504273 | PA      | $505276.01    | 0.12%             | 2028-07-10      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                                                                     | BRAZIL 6.625 03/15/35                                                      | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    386000 | PA      | $394878.00    | 0.10%             | 2035-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AD3841                                                                  | CUSIP: 31418RHT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13346 | PA      | $13207.69     | 0.00%             | 2040-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-11                                                               | VERUS 2025-11 A1                                                           | CUSIP: 924935AC3<br>LEI: 213800H1O4C5SRNN4B66 | Long             | ABS-O            | CORP              | US        |    770080 | PA      | $766421.81    | 0.19%             | 2070-11-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST 2024-2                                                              | HGVT 2024-2A A                                                             | CUSIP: 43283JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    423223 | PA      | $429285.68    | 0.10%             | 2038-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| METLIFE SECURITIZATION TRUST 2017-1                                                              | MST 2019-1A A1A                                                            | CUSIP: 59166EAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    904284 | PA      | $893735.36    | 0.22%             | 2058-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                                                               | SUBWAY 2024-1A A2II                                                        | CUSIP: 864300AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1036875 | PA      | $1045882.75   | 0.25%             | 2054-07-30      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2023-D                                                                | CPS 2023-D C                                                               | CUSIP: 12598VAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    794263 | PA      | $801041.23    | 0.19%             | 2030-01-15      | Fixed         | 7.17%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                                                    | SPLLLC 4.5 05/15/30                                                        | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    955000 | PA      | $948066.36    | 0.23%             | 2030-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS F 10/28/27 GMTN                                                         | CUSIP: 38141GVX9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1551000 | PA      | $1562471.16   | 0.38%             | 2027-10-28      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM                                                                       | SCLP 2025-1 A                                                              | CUSIP: 83406YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    372369 | PA      | $373149.09    | 0.09%             | 2034-02-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Solstice Advanced Materials Inc.                                                                 | SOLADV 5.625 09/30/33 144A                                                 | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24651.06     | 0.01%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Truist Bank (North Carolina)                                                                     | TFC V4.632 09/17/29 BKNT                                                   | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    641000 | PA      | $635498.21    | 0.15%             | 2029-09-17      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2016-2                                                                 | TPMT 2016-2 M2                                                             | CUSIP: 89172PAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3370000 | PA      | $3250085.96   | 0.79%             | 2055-08-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Freeport LNG Investments, LLP                                                                    | Freeport LNG Investments Term Loan B 325 2033-01-18                        | CUSIP: 35670CAE8<br>LEI: 549300LR5YVRZH4YPQ33 | Long             | LON              | CORP              | US        |    210000 | PA      | $209825.70    | 0.05%             | 2033-02-11      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                                                                             | WSTOP 2020-1A A2                                                           | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1255875 | PA      | $1215607.13   | 0.30%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Hexcel Corporation                                                                               | HXL 3.95 02/15/27                                                          | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1071435.20   | 0.26%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Iqvia Inc                                                                                        | IQV 5.7 05/15/28                                                           | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    493000 | PA      | $502544.48    | 0.12%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Phoenix Guarantor Inc                                                                            | PHOENIX GUARANTOR INC                                                      | CUSIP: 71913BAK8<br>LEI: 254900JIOIDL3GSUFE55 | Long             | LON              | CORP              | US        |    326986 | PA      | $326816.39    | 0.08%             | 2031-02-21      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                              | Medline Industries Term Loan B (Incremental) 200 2030-10-01                | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    347641 | PA      | $348019.63    | 0.08%             | 2030-10-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Block Inc                                                                                        | XYZ 6.5 05/15/32                                                           | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    540000 | PA      | $544930.74    | 0.13%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V4.967 07/22/33 MTN                                                    | CUSIP: 91159HJG6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    439000 | PA      | $434205.72    | 0.11%             | 2033-07-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                                                   | SCHW V4 PERP H                                                             | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    947000 | PA      | $876010.21    | 0.21%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UKG Inc                                                                                          | UKG Term Loan B 350 2031-01-20                                             | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    299452 | PA      | $285716.17    | 0.07%             | 2031-02-10      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES 2021-SFR1 TRUST                                                                   | FKH 2021-SFR1 D                                                            | CUSIP: 33767WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    870000 | PA      | $860074.17    | 0.21%             | 2038-08-19      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD3238                                                                  | CUSIP: 3132DQS31<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    946129 | PA      | $953670.83    | 0.23%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS8791                                                                  | CUSIP: 3140XQXV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1545993 | PA      | $1576702.62   | 0.38%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2024-3                                                                | LADAR 2024-3A C                                                            | CUSIP: 505709AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1295000 | PA      | $1303428.64   | 0.32%             | 2030-03-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST 2021-3                                                       | STAR 2021-3 A1                                                             | CUSIP: 85573JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    960920 | PA      | $835225.62    | 0.20%             | 2056-06-25      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2019-RP1                                                           | CMLTI 2019-RP1 A1                                                          | CUSIP: 17327RAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1282811 | PA      | $1256944.41   | 0.31%             | 2066-01-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST 2024-1                                                                  | OCTL 2024-1A B                                                             | CUSIP: 67571FAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1045000 | PA      | $1055331.08   | 0.26%             | 2030-05-20      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 4.625 06/30/26                                                           | CUSIP: 91282CKY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10590000 | PA      | $10612834.69  | 2.58%             | 2026-06-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO MORTGAGE BACKED SECURITIES 2020-4 TRUST                                              | WFMBS 2020-4 A1                                                            | CUSIP: 95002VAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    218567 | PA      | $191170.60    | 0.05%             | 2050-07-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC V5.222 01/29/31                                                        | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1019000 | PA      | $1039476.98   | 0.25%             | 2031-01-29      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2024-N1                                                           | CRVNA 2024-N1 B                                                            | CUSIP: 14687QAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1330000 | PA      | $1338146.52   | 0.32%             | 2030-05-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                                                  | TMHC 5.75 11/15/32 144A                                                    | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25021.88     | 0.01%             | 2032-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bayport Polymers LLC                                                                             | BRLS 4.743 04/14/27 144A                                                   | CUSIP: 073096AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1051000 | PA      | $1051501.83   | 0.26%             | 2027-04-14      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Foursight Capital Automobile Receivables Trust 2019-1                                            | FCRT 2023-2 A2                                                             | CUSIP: 35104AAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38790 | PA      | $38839.18     | 0.01%             | 2028-05-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS ESCROW LLC                                                                            | FGP 5.875 04/01/29 144A                                                    | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    520000 | PA      | $497118.80    | 0.12%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                     | PEMEX 7.69 01/23/50                                                        | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     88000 | PA      | $76252.00     | 0.02%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2023-N1                                                           | CRVNA 2023-N1 C                                                            | CUSIP: 14688FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    797260 | PA      | $799965.90    | 0.19%             | 2029-07-10      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc.                                                                        | CRBG V6.875 12/15/52                                                       | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    870000 | PA      | $876586.11    | 0.21%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST 2025-RVM1                                                               | OCTL 2025-RVM1 A                                                           | CUSIP: 67571HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    927758 | PA      | $923818.51    | 0.22%             | 2046-12-20      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V2.956 05/13/31                                                        | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    696000 | PA      | $648514.45    | 0.16%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| South Bow Canadian Infrastructure Holdings Ltd.                                                  | SOBOCN V7.625 03/01/55                                                     | CUSIP: 836720AG7<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    560000 | PA      | $576559.20    | 0.14%             | 2055-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                                            | DTV 5.875 08/15/27 144A                                                    | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    207000 | PA      | $206781.86    | 0.05%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                                 | CYH 5.25 05/15/30 144A                                                     | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    435000 | PA      | $409979.82    | 0.10%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                | HRI 5.75 03/15/31 144A                                                     | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24621.68     | 0.01%             | 2031-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                            | SOCGEN V5.634 01/19/30 144A                                                | CUSIP: 83368RBW1<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    560000 | PA      | $572532.63    | 0.14%             | 2030-01-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST 2022-2                                                   | UACST 2022-2 D                                                             | CUSIP: 90944KAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    299273 | PA      | $300292.97    | 0.07%             | 2028-01-10      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                                                               | SNLN 2.032 10/14/30                                                        | CUSIP: 83192PAA6<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |   1121000 | PA      | $997662.61    | 0.24%             | 2030-10-14      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS4438                                                                  | CUSIP: 3140XK4Y3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1783353 | PA      | $1767469.42   | 0.43%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2021-3                                                         | GCAR 2021-3A E                                                             | CUSIP: 36263LAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1180000 | PA      | $1179256.95   | 0.29%             | 2028-10-16      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| OBX 2024-HYB1 TRUST                                                                              | OBX 2024-HYB1 A1                                                           | CUSIP: 67448MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    757413 | PA      | $758082.15    | 0.18%             | 2053-03-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| HF Sinclair Corp.                                                                                | DINO 5.75 01/15/31                                                         | CUSIP: 403949AR1<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    626000 | PA      | $639612.60    | 0.16%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust 2024-INV2                                                                         | PMTLT 2024-INV2 A1                                                         | CUSIP: 73015CAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    627298 | PA      | $633962.88    | 0.15%             | 2059-12-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                     | PEMEX 5.95 01/28/31                                                        | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    278000 | PA      | $265893.10    | 0.06%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Amentum Holdings LLC                                                                             | Amentum (AECOM management business) Term Loan B 225 2031-07-22             | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |    325621 | PA      | $325350.96    | 0.08%             | 2031-09-29      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| HINNT 2024-A LLC                                                                                 | HINTT 2024-A A                                                             | CUSIP: 40472QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1241034 | PA      | $1255599.29   | 0.30%             | 2043-03-16      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                                    | ENBCN V7.375 01/15/83                                                      | CUSIP: 29250NBN4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    710000 | PA      | $720738.75    | 0.17%             | 2083-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 5.375 07/15/31 144A                                                    | CUSIP: 86765KAM1<br>LEI: 5493006LL0CKP8WQW329 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69437.63     | 0.02%             | 2031-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                                         | HCA 5.45 04/01/31                                                          | CUSIP: 404119CT4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    857000 | PA      | $878423.00    | 0.21%             | 2031-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS V7 03/10/55                                                            | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    555000 | PA      | $571976.34    | 0.14%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| American National Group Inc.                                                                     | ANGINC V7 12/01/55                                                         | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    171000 | PA      | $162163.06    | 0.04%             | 2055-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust 2018-2                                                              | UPST 2025-2 A2                                                             | CUSIP: 91679EAB4<br>LEI: 549300MM4LHW6AKJUZ51 | Long             | ABS-O            | CORP              | US        |    742915 | PA      | $745063.56    | 0.18%             | 2035-06-20      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2019-GS2                                                           | MCMLT 2019-GS2 A1                                                          | CUSIP: 59981TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1217181 | PA      | $1186448.02   | 0.29%             | 2059-08-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                                                                            | SWTCH 2024-2A A2                                                           | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1355000 | PA      | $1328223.57   | 0.32%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)              | AER V6.5 01/31/56                                                          | CUSIP: 00774MBQ7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    427000 | PA      | $427439.81    | 0.10%             | 2056-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Holdings, Inc.                                                                 | SS&C Technologies Term Loan B-8 200 2031-04-28                             | CUSIP: 78466DBJ2<br>LEI: 529900POY8H7NPPNKK71 | Long             | LON              | CORP              | US        |    419790 | PA      | $418135.62    | 0.10%             | 2031-05-09      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Private Credit Corp.                                                               | GSCRED 5.05 02/23/28 144A                                                  | CUSIP: 38152BAJ0<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |    535000 | PA      | $526836.78    | 0.13%             | 2028-02-23      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                                         | WCC 5.25 04/15/31 144A                                                     | CUSIP: 95081QAT1<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69582.16     | 0.02%             | 2031-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES1                                                                    | RCKTL 2025-1A B                                                            | CUSIP: 74939RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1365000 | PA      | $1368438.57   | 0.33%             | 2034-07-25      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | COOPR 2025-CES3 A1A                                                        | CUSIP: 216926AA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    850010 | PA      | $843524.42    | 0.20%             | 2060-09-25      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                                                                                 | AMCR 5.8 06/15/31                                                          | CUSIP: 08576BAB8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    827000 | PA      | $856040.26    | 0.21%             | 2031-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                                     | SO V3.75 09/15/51 21-A                                                     | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1108000 | PA      | $1096974.18   | 0.27%             | 2051-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                                                                          | NXST 6.5 09/15/33 144A                                                     | CUSIP: 65346UAB5<br>LEI: 52990083ZRR5UT591988 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176333.33    | 0.04%             | 2033-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                                                                 | DB V4.999 09/11/30                                                         | CUSIP: 251526CX5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    593000 | PA      | $595793.20    | 0.14%             | 2030-09-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                                                                      | MFF 2023-1A A                                                              | CUSIP: 588926AA3<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-O            | CORP              | US        |    213590 | PA      | $214041.96    | 0.05%             | 2036-05-20      | Fixed         | 7.21%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-6                                                                 | TPMT 2018-6 A1A                                                            | CUSIP: 89176LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130530 | PA      | $129970.06    | 0.03%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM3 TRUST                                                                              | OBX 2024-NQM3 A1                                                           | CUSIP: 67118KAA1<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-O            | CORP              | US        |    584100 | PA      | $587026.24    | 0.14%             | 2063-12-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                               | STT V6.7 PERP I                                                            | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    390000 | PA      | $396279.78    | 0.10%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST 2020-1                                                                     | ARRW 2020-1 A1B                                                            | CUSIP: 04285CAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    323704 | PA      | $316117.72    | 0.08%             | 2055-03-25      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                               | ET V8 05/15/54                                                             | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    115000 | PA      | $120450.31    | 0.03%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                               | HBAN V6.208 08/21/29                                                       | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    331000 | PA      | $343385.67    | 0.08%             | 2029-08-21      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| Imperial Brands Finance Plc                                                                      | IMBLN 5.5 02/01/30 144A                                                    | CUSIP: 45262BAG8<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    586000 | PA      | $601027.35    | 0.15%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Stanley Black & Decker, Inc.                                                                     | SWK V6.707 03/15/60                                                        | CUSIP: 854502AM3<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |    610000 | PA      | $595746.25    | 0.14%             | 2060-03-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                                                                  | SBGI 8.125 02/15/33 144A                                                   | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    435000 | PA      | $442205.78    | 0.11%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Blackfin Pipeline LLC                                                                            | Blackfin Pipeline Term Loan B 300 2032-09-21                               | CUSIP: 09231PAB2<br>LEI: 254900F4BUS186SK8A51 | Long             | LON              | CORP              | US        |    423938 | PA      | $425658.69    | 0.10%             | 2032-09-29      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2021-N2                                                           | CRVNA 2021-N2 C                                                            | CUSIP: 14686KAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135769 | PA      | $133322.51    | 0.03%             | 2028-03-10      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                                                                                   | MVWOT 2020-1A A                                                            | CUSIP: 55400EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    437686 | PA      | $433332.82    | 0.11%             | 2037-10-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM                                                                       | SCLP 2025-4 B                                                              | CUSIP: 83405UAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $997054.60    | 0.24%             | 2035-08-25      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP/DRAWBRIDGE SPECIAL OPPORTUNITIES FINANCE CORP           | DRAWBR 5.95 09/17/30 144A                                                  | CUSIP: 26150TAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770000 | PA      | $723033.40    | 0.18%             | 2030-09-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V4.503 09/11/31                                                          | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    704000 | PA      | $695998.36    | 0.17%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALA TRUST 2025-OANA                                                                              | ALA 2025-OANA A                                                            | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1525000 | PA      | $1528812.50   | 0.37%             | 2040-06-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2016-4                                                       | NRZT 2016-4A A1                                                            | CUSIP: 64829LAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    801313 | PA      | $767785.17    | 0.19%             | 2056-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Co Inc.                                                                | HLT 5.75 09/15/33 144A                                                     | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    480000 | PA      | $477832.82    | 0.12%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST 2024-1                                                         | CAALT 2024-1A A                                                            | CUSIP: 22537GAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $803457.04    | 0.20%             | 2034-03-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Belron Finance 2019 LLC                                                                          | Belron Term Loan B 200 2031-10-01                                          | CUSIP: 08078UAQ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    224742 | PA      | $224517.32    | 0.05%             | 2031-10-16      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ AUTO RECEIVABLES TRUST                                                                  | LENDBUZZ AUTO RECEIVABLES TRUST                                            | CUSIP: 52611DAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    717842 | PA      | $718830.81    | 0.17%             | 2030-06-17      | Floating      | 5.57%                 | No            |                  3 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust 2022-1                                              | ARIVO 2025-1A A2                                                           | CUSIP: 039962AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1017404 | PA      | $1020365.73   | 0.25%             | 2029-05-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                                                 | HACLN 2024-1 B1                                                            | CUSIP: 44644NAA7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |    316997 | PA      | $321490.27    | 0.08%             | 2032-05-20      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C F 02/24/28                                                               | CUSIP: 172967NH0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    861000 | PA      | $864899.47    | 0.21%             | 2028-02-24      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Aspire Mortgage Trust 2026-1                                                                     | SPIRE 2026-1 A1                                                            | CUSIP: 04539FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250848 | PA      | $1242184.16   | 0.30%             | 2066-01-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                                                               | DOMREP 6.95 03/15/37 REGS                                                  | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    311000 | PA      | $316279.63    | 0.08%             | 2037-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| DirectV Financing LLC                                                                            | DIRECTV Term Loan B 525 2029-08-01                                         | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    230338 | PA      | $230662.98    | 0.06%             | 2029-08-02      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| DEXT ABS 2025-1 LLC                                                                              | DEXT 2025-1 B                                                              | CUSIP: 252154AD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1170000 | PA      | $1179141.44   | 0.29%             | 2035-08-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Primo Water Holdings Inc / Triton Water Holdings Inc.                                            | PRMWCN 6.25 04/01/29 144A                                                  | CUSIP: 74168RAC7<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500810.50    | 0.12%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2025-300P                                                          | NYC 2025-300P A                                                            | CUSIP: 67121TAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1590431.68   | 0.39%             | 2042-07-15      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Carpenter Technology Corporation                                                                 | CRS 5.625 03/01/34 144A                                                    | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19815.78     | 0.00%             | 2034-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                                         | OBX 2026-NQM5 Trust                                                        | CUSIP: 67124DAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    925000 | PA      | $924996.39    | 0.22%             | 2066-01-01      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust 2018-2                                                                     | ARRW 2019-1 A1                                                             | CUSIP: 042859AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    661988 | PA      | $645647.74    | 0.16%             | 2049-01-25      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| Huntington Ingalls Industries, Inc.                                                              | HII 2.043 08/16/28                                                         | CUSIP: 446413AZ9<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    420000 | PA      | $397744.75    | 0.10%             | 2028-08-16      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| COLT 2024-5 MORTGAGE LOAN TRUST                                                                  | COLT 2024-5 A1                                                             | CUSIP: 19685AAA7<br>LEI: 213800AWBXHFGYDU9Q16 | Long             | ABS-O            | CORP              | US        |    819105 | PA      | $817824.29    | 0.20%             | 2069-08-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.5 02/15/29                                                             | CUSIP: 91282CQA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2100000 | PA      | $2081789.05   | 0.51%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                                                     | UAL 5.375 03/01/31                                                         | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24482.92     | 0.01%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust 2024-3                                                             | LBZZ 2024-3A A2                                                            | CUSIP: 52609YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    534431 | PA      | $534846.01    | 0.13%             | 2029-10-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                                        | TD V8.125 10/31/82                                                         | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    771000 | PA      | $795414.49    | 0.19%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2021-SFR3 TRUST                                                             | PROG 2021-SFR3 D                                                           | CUSIP: 74333VAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1010000 | PA      | $1006136.85   | 0.24%             | 2026-05-17      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Trust 2016-2                                                                      | CHASE 2016-SH2 M2                                                          | CUSIP: 16164AAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    258957 | PA      | $241912.08    | 0.06%             | 2045-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| FS TRUST 2026-ORL                                                                                | FS 2026-ORL A                                                              | CUSIP: 30343YAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    860000 | PA      | $858387.50    | 0.21%             | 2041-02-15      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| MFA 2021-INV1 TRUST                                                                              | MFRA 2021-INV1 A1                                                          | CUSIP: 552747AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    127563 | PA      | $124194.97    | 0.03%             | 2056-01-25      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| Metronet Infrastructure Issuer LLC.                                                              | MNET 2025-2A A2                                                            | CUSIP: 59170JAX6<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008580.90   | 0.24%             | 2055-08-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                               | RPRX 5.15 09/02/29                                                         | CUSIP: 78081BAQ6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    919000 | PA      | $935549.44    | 0.23%             | 2029-09-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                                        | MARS 4.8 03/01/30 144A                                                     | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    640000 | PA      | $646735.39    | 0.16%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND I LLC                                                                         | EQS 2024-2M A                                                              | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1005827 | PA      | $1011870.71   | 0.25%             | 2032-12-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2014-1                                            | MSRM 2014-1A B2                                                            | CUSIP: 61763YAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     74629 | PA      | $74591.03     | 0.02%             | 2044-06-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| MSCI Inc.                                                                                        | MSCI 3.625 09/01/30 144A                                                   | CUSIP: 55354GAK6<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    884000 | PA      | $835555.06    | 0.20%             | 2030-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ONEMAIN DIRECT AUTO RECEIVABLES TRUST                                                            | ODART 2022-1A C                                                            | CUSIP: 68269DAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1210000 | PA      | $1211858.32   | 0.29%             | 2029-06-14      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Achv ABS Trust 2024-1PL                                                                          | ACHV 2024-1PL A                                                            | CUSIP: 00092BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     85059 | PA      | $85320.86     | 0.02%             | 2031-04-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2024-Ces8                                                                    | RCKT 2024-CES8 A1A                                                         | CUSIP: 749421AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    495173 | PA      | $497068.04    | 0.12%             | 2044-11-25      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                            | Quikrete Term Loan B-1 225 2029-03-01                                      | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    362232 | PA      | $361717.39    | 0.09%             | 2029-03-19      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Coty Inc / Hfc Prestige Prods Inc / Hfc Pretige Intl U S LLC                                     | COTY 6.625 07/15/30 144A                                                   | CUSIP: 22207AAA0<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |    395000 | PA      | $391723.75    | 0.10%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT STRUCTURED TRUS                                                              | CLAST 2025-1A A                                                            | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1210961 | PA      | $1219614.89   | 0.30%             | 2050-02-15      | Fixed         | 5.78%                 | No            |                  3 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST 2020-1                                                       | STAR 2020-1 A1                                                             | CUSIP: 85573AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     45039 | PA      | $43362.63     | 0.01%             | 2050-02-25      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2024-INV4                                         | MSRM 2024-INV4 A1                                                          | CUSIP: 61776XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    364600 | PA      | $368473.48    | 0.09%             | 2054-09-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | FN MA0908                                                                  | CUSIP: 31418AAJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47322 | PA      | $46912.97     | 0.01%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2026-ACES1                                                              | JPMMT 2026-ACES1 A1                                                        | CUSIP: 46664MAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    666858 | PA      | $663025.41    | 0.16%             | 2065-10-25      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| OBX 2024-HYB2 TRUST                                                                              | OBX 2024-HYB2 A1                                                           | CUSIP: 67118RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    733197 | PA      | $729779.73    | 0.18%             | 2053-04-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust 2025-2                                             | BLAST 2025-2 D                                                             | CUSIP: 10807HAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $1159128.82   | 0.28%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MVW 2021-1W LLC                                                                                  | MVWOT 2021-1WA B                                                           | CUSIP: 55389TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    211656 | PA      | $204610.92    | 0.05%             | 2041-01-22      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                                                     | UAL 4.875 03/01/29                                                         | CUSIP: 910047AM1<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88027.35     | 0.02%             | 2029-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGE                                                                   | DREYFUS GOVERNMENT CASH MANAGE                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1255360 | NS      | $1255360.05   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST 2024-1                                                              | DRIVE 2024-1 C                                                             | CUSIP: 26208WAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1035000 | PA      | $1044730.55   | 0.25%             | 2031-11-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023-1                                                     | WLAKE 2023-1A C                                                            | CUSIP: 96042XAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    545535 | PA      | $547098.42    | 0.13%             | 2028-08-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2025-CES5 A1A                                                         | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-O            | CORP              | US        |    895997 | PA      | $901585.27    | 0.22%             | 2055-05-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Virtus ETF Trust II                                                                              | Virtus Newfleet Short Duration High Yield Bond ETF                         | CUSIP: 92790A207<br>LEI: 549300CTRZXMY9595O30 | Long             | EC               | RF                | US        |    103000 | NS      | $2215530.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 7.875 09/15/31                                                         | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    350000 | PA      | $397349.40    | 0.10%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc.                                                                             | AHTLN 4.375 08/15/27 144A                                                  | CUSIP: 045054AF0<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    933000 | PA      | $927564.62    | 0.23%             | 2027-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2024-CES6                                                                    | RCKT 2024-CES6 A1A                                                         | CUSIP: 749410AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1039689 | PA      | $1040357.76   | 0.25%             | 2044-09-25      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                                     | AVOL 4.85 04/01/33 144A                                                    | CUSIP: 05401ABF7<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     75000 | PA      | $71840.25     | 0.02%             | 2033-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V6.125 PERP TT                                                         | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    445000 | PA      | $445818.03    | 0.11%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                                           | BPLN V4.875 PERP                                                           | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    799000 | PA      | $788783.99    | 0.19%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS F 01/21/32 .                                                            | CUSIP: 38141GD92<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    415000 | PA      | $412026.18    | 0.10%             | 2032-01-21      | Floating      | 4.59%                 | No            |                  2 | On Loan: —       |
| EXETER SELECT AUTOMOBILE RECEIVABLES TRUST 2025-2                                                | ESART 2025-2 C                                                             | CUSIP: 30185EAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1135000 | PA      | $1138839.48   | 0.28%             | 2031-12-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2021-NMR1                                                          | MCMLT 2021-NMR1 A1                                                         | CUSIP: 59982HAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245854 | PA      | $237482.95    | 0.06%             | 2060-11-25      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust 2024-2                                                        | RMIT 2024-2 A                                                              | CUSIP: 75907AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1065000 | PA      | $1069086.09   | 0.26%             | 2033-12-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| MSSG Trust 2017-237P                                                                             | MSSG 2017-237P A                                                           | CUSIP: 55375KAS5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1146515.64   | 0.28%             | 2039-09-13      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FUNDING MORTGAGE TRUST 2025-1                                                          | PFMT 2025-1 A3                                                             | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    434084 | PA      | $434368.25    | 0.11%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Wingspire Equipment Finance 2025-1 LLC                                                           | WEF 2025-1A A2                                                             | CUSIP: 97415CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1140000 | PA      | $1138733.57   | 0.28%             | 2033-09-20      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| MMP CAPITAL 2025-A LLC                                                                           | MMP 2025-A B                                                               | CUSIP: 55317QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1365000 | PA      | $1377863.35   | 0.33%             | 2031-12-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                                                                              | ETR V7.125 12/01/54                                                        | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    760000 | PA      | $778755.28    | 0.19%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CACI International Inc                                                                           | CACI International Term Loan B (Incremental) 175 2033-02-18                | CUSIP: 12718FAQ7<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | LON              | CORP              | US        |    110000 | PA      | $109862.50    | 0.03%             | 2033-02-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2015-3                                                                 | TPMT 2019-1 A1                                                             | CUSIP: 89177BAA3<br>LEI: 549300ZHISOOIT5VZP03 | Long             | ABS-O            | CORP              | US        |    180860 | PA      | $175322.94    | 0.04%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| CARMAX SELECT RECEIVABLES TRUST 2025-B                                                           | CMXS 2025-B C                                                              | CUSIP: 14320BAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1301952.60   | 0.32%             | 2031-06-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings Ltd.                                                                             | Westinghouse Electric Co Term Loan B 275 2031-01-03                        | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |    311116 | PA      | $310434.89    | 0.08%             | 2031-01-27      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                               | STT V5.684 11/21/29                                                        | CUSIP: 857477CF8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    394000 | PA      | $407610.53    | 0.10%             | 2029-11-21      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST 2023-2                                                         | GSAR 2023-2A A3                                                            | CUSIP: 36269EAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    805000 | PA      | $813101.36    | 0.20%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                                     | AVOL 5.75 11/15/29 144A                                                    | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    704000 | PA      | $720199.04    | 0.17%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2025-3                                                         | GCAR 2025-3A C                                                             | CUSIP: 37989YAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1242168.38   | 0.30%             | 2031-05-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Fhf Issuer Trust 2024-1                                                                          | FHF 2024-1A A2                                                             | CUSIP: 31568AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    468744 | PA      | $471490.47    | 0.11%             | 2030-02-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| MFA 2024-NQM2 TRUST                                                                              | MFRA 2024-NQM2 A1                                                          | CUSIP: 58004JAA0<br>LEI: 254900MMVXALAH2X8D73 | Long             | ABS-O            | CORP              | US        |    667982 | PA      | $667426.17    | 0.16%             | 2069-08-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| Alaska Airlines Pass Through Trust 2020-1A                                                       | ALK 4.8 08/15/27 144A                                                      | CUSIP: 01166VAA7<br>LEI: PG4W4UTDTMMEBRGLO537 | Long             | ABS-O            | CORP              | US        |    947159 | PA      | $947285.69    | 0.23%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                                         | JPMMT 2014-1 2A12                                                          | CUSIP: 46641CBF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     81557 | PA      | $77210.91     | 0.02%             | 2044-01-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                            | ROMANI 7.125 01/17/33 144A                                                 | CUSIP: 77586RAR1<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    223000 | PA      | $233454.24    | 0.06%             | 2033-01-17      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                                         | AXP F 04/23/27                                                             | CUSIP: 025816DS5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    368000 | PA      | $368049.16    | 0.09%             | 2027-04-23      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| British Airways PLC                                                                              | IAGLN 2.9 03/15/35 144A                                                    | CUSIP: 11042CAA8<br>LEI: 375X9PSJLLOV7F21O626 | Long             | ABS-O            | CORP              | GB        |    710948 | PA      | $652057.00    | 0.16%             | 2035-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2023-CES3                                                                    | RCKT 2023-CES3 A1A                                                         | CUSIP: 749407AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    984844 | PA      | $992331.56    | 0.24%             | 2043-11-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                                         | AESOP 2021-2A D                                                            | CUSIP: 05377REU4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1185000 | PA      | $1171557.00   | 0.28%             | 2028-02-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                                     | AVOL 5.375 05/30/30 144A                                                   | CUSIP: 05401AAZ4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    212000 | PA      | $214389.24    | 0.05%             | 2030-05-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023-2                                                     | WLAKE 2024-1A B                                                            | CUSIP: 96043RAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    815188 | PA      | $816775.93    | 0.20%             | 2027-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                                       | ACGCAP 5.375 07/15/29 144A                                                 | CUSIP: 05369AAQ4<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    544000 | PA      | $552518.44    | 0.13%             | 2029-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2025-A                                                                | CPS 2025-A C                                                               | CUSIP: 12633SAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008344.80   | 0.24%             | 2031-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8494                                                                  | CUSIP: 3132DWNK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4169869 | PA      | $4190882.60   | 1.02%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)              | AER V6.95 03/10/55                                                         | CUSIP: 00774MBK0<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    367000 | PA      | $375616.07    | 0.09%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| NGPL Pipe Co LLC                                                                                 | NGPLCO 4.875 08/15/27 144A                                                 | CUSIP: 62912XAF1<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |    853265 | PA      | $855005.15    | 0.21%             | 2027-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GCAT 2020-NQM1 TRUST                                                                             | GCAT 2020-NQM1 A1                                                          | CUSIP: 36167FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    916008 | PA      | $905730.96    | 0.22%             | 2060-01-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2021-N1                                                           | CRVNA 2021-N1 C                                                            | CUSIP: 14687DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95654 | PA      | $94807.11     | 0.02%             | 2028-01-10      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                               | HBAN V5.272 01/15/31                                                       | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    454000 | PA      | $460880.58    | 0.11%             | 2031-01-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Finbe USA Trust 2025-1                                                                           | FINBE 2025-1A A                                                            | CUSIP: 317967AA5<br>LEI: 4469000001BR51E83192 | Long             | ABS-O            | CORP              | US        |    598007 | PA      | $598025.95    | 0.15%             | 2028-12-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-3                                                     | WLAKE 2025-3A A3                                                           | CUSIP: 96043QAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $1149885.23   | 0.28%             | 2029-06-15      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SL2922                                                                  | CUSIP: 31427QG89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1952476 | PA      | $1965771.00   | 0.48%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2017-6                                                                 | TPMT 2017-6 A2                                                             | CUSIP: 89175JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1170000 | PA      | $1125781.61   | 0.27%             | 2057-10-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| BUNKER HILL LOAN DEPOSITARY TRUST 2019-2                                                         | BHLD 2019-2 A1                                                             | CUSIP: 12061RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    106584 | PA      | $104788.12    | 0.03%             | 2049-07-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                              | NEE V6.375 08/15/55                                                        | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    779000 | PA      | $793607.81    | 0.19%             | 2055-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                                         | AXP V5.085 01/30/31                                                        | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    354000 | PA      | $359987.87    | 0.09%             | 2031-01-30      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| RIDE TRUST 2025-SHRE                                                                             | RIDE 2025-SHRE B                                                           | CUSIP: 765692AC2<br>LEI: 5493000HCHF3YP6AGZ15 | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $915505.47    | 0.22%             | 2047-02-14      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| AQUA FINANCE TRUST 2024-A                                                                        | AQFIT 2024-A B                                                             | CUSIP: 03837DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1080000 | PA      | $1082028.56   | 0.26%             | 2050-04-18      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                                                                       | LIBMUT V4.125 12/15/51 144A                                                | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1353015.18   | 0.33%             | 2051-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Sodexo Inc                                                                                       | SWFP 5.15 08/15/30 144A                                                    | CUSIP: 833794AC4<br>LEI: 549300WSZGQGJQXRFU84 | Long             | DBT              | CORP              | US        |    791000 | PA      | $801748.38    | 0.19%             | 2030-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2024-A                                                                | CPS 2024-A C                                                               | CUSIP: 22411CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    948545 | PA      | $953143.89    | 0.23%             | 2030-04-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Stellantis Finance Us Inc                                                                        | STLA 5.75 03/18/30 144A                                                    | CUSIP: 85855CAK6<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    633000 | PA      | $629556.71    | 0.15%             | 2030-03-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                                                              | Hilcorp Energy Term Loan B 200 2030-01-26                                  | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |    158400 | PA      | $158202.00    | 0.04%             | 2030-02-11      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FA1728                                                                  | CUSIP: 3140W14N0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3984984 | PA      | $4078860.42   | 0.99%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-Roic                                                                               | BX 2025-ROIC C                                                             | CUSIP: 05593VAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    873534 | PA      | $865912.51    | 0.21%             | 2030-03-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2022- P2                                                          | CRVNA 2022-N1 D                                                            | CUSIP: 14686GAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    161463 | PA      | $160197.56    | 0.04%             | 2028-12-10      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                                                | LADAR 2023-2A D                                                            | CUSIP: 505713AF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    825000 | PA      | $837211.90    | 0.20%             | 2031-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| DEXT ABS 2023-2 LLC                                                                              | DEXT 2023-2 B                                                              | CUSIP: 25216CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1010827.30   | 0.25%             | 2034-05-15      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| OBX 2023-NQM5 TRUST                                                                              | OBX 2023-NQM5 A1A                                                          | CUSIP: 673919AL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    742778 | PA      | $743026.12    | 0.18%             | 2063-06-25      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| ONEMAIN DIRECT AUTO RECEIVABLES TRUST 2026-1                                                     | ODART 2026-1A A                                                            | CUSIP: 682940AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1041996.59   | 0.25%             | 2033-12-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LSEG US Finance Corp                                                                             | LSELN 4.5 03/23/31 144A                                                    | CUSIP: 50222CAE0<br>LEI: 2138007FV67QQ13CGJ43 | Long             | DBT              | CORP              | US        |    845000 | PA      | $834465.59    | 0.20%             | 2031-03-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Gates Corporation                                                                                | Gates Industrial (Gates Global) Term Loan B 225 2031-05-19                 | CUSIP: 36740UAY8<br>LEI: 549300XI79MQJV13DW27 | Long             | LON              | CORP              | US        |    428961 | PA      | $428167.90    | 0.10%             | 2031-06-04      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2022-2                                                                           | REACH 2025-2A B                                                            | CUSIP: 75525QAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1135000 | PA      | $1136698.07   | 0.28%             | 2032-08-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust 2024-1                                              | ARIVO 2024-1A B                                                            | CUSIP: 039943AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1169000 | PA      | $1188408.67   | 0.29%             | 2030-06-17      | Fixed         | 6.87%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V1.734 07/22/27                                                        | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $1036269.44   | 0.25%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                                                                       | DYNASTY ACQUISITION CO INC                                                 | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    194665 | PA      | $194577.78    | 0.05%             | 2031-10-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Oryx Midstream Services Permian Basin LLC                                                        | Oryx Southern Delaware Holdings Term Loan B 225 2028-10-01                 | CUSIP: 68764JAJ0<br>LEI: 254900YYHRDANYFAHC43 | Long             | LON              | CORP              | US        |    226956 | PA      | $227019.07    | 0.06%             | 2028-10-05      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Ineos Finance PLC                                                                                | Ineos Group Term Loan B 325 2030-02-01                                     | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    112969 | PA      | $98094.25     | 0.02%             | 2030-02-19      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Hudson Yards 2025-Sprl Mortgage Trust                                                            | HY 2025-SPRL A                                                             | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1720000 | PA      | $1760020.27   | 0.43%             | 2040-01-13      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Texas Capital Bancshares, Inc.                                                                   | TCBI V4 05/06/31                                                           | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1018314.03   | 0.25%             | 2031-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GNR 2025-125 JA                                                            | CUSIP: 38381MVV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    568266 | PA      | $571587.01    | 0.14%             | 2050-11-16      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| OSCAR US Funding XV LLC                                                                          | OSCAR 2023-1A A3                                                           | CUSIP: 68785CAC5<br>LEI: 353800KY84862IDYBM21 | Long             | ABS-O            | CORP              | JP        |    460669 | PA      | $462742.82    | 0.11%             | 2027-12-10      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM1 TRUST                                                                              | OBX 2024-NQM1 A1                                                           | CUSIP: 67448LAA0<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-O            | CORP              | US        |    267034 | PA      | $267834.48    | 0.07%             | 2063-11-25      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Apollo Debt Solutions BDC                                                                        | APODS 5.2 12/08/28 144A                                                    | CUSIP: 03770DAH6<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    615000 | PA      | $607366.34    | 0.15%             | 2028-12-08      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MFA 2025-NQM1 TR                                                                                 | MFRA 2025-NQM5 A1                                                          | CUSIP: 59319DAC7<br>LEI: 254900T233AM4RM23465 | Long             | ABS-O            | CORP              | US        |    570808 | PA      | $569021.35    | 0.14%             | 2070-11-25      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| OBX 2018-1 Trust                                                                                 | OBX 2018-1 A2                                                              | CUSIP: 67112FAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     53064 | PA      | $52480.32     | 0.01%             | 2057-06-25      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| Iqvia Inc                                                                                        | IQV 6.25 06/01/32 144A                                                     | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    440000 | PA      | $446816.04    | 0.11%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                                | BK V4.625 PERP F                                                           | CUSIP: 064058AF7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    930000 | PA      | $926134.46    | 0.22%             | N/A             | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SAFCO AUTO RECEIVABLES TRUST 2025-1                                                              | SAFCO 2025-1A A                                                            | CUSIP: 785923AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    681293 | PA      | $680316.27    | 0.17%             | 2029-09-10      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2023-1                                                                           | REACH 2024-1A B                                                            | CUSIP: 75526PAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    737455 | PA      | $741681.70    | 0.18%             | 2031-02-18      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| NMEF FUNDING LLC 2023-A                                                                          | NMEF 2023-A B                                                              | CUSIP: 62890QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1014103.30   | 0.25%             | 2030-06-17      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                                    | NI V6.95 11/30/54                                                          | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    464000 | PA      | $477130.74    | 0.12%             | 2054-11-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Astoria Energy LLC                                                                               | Astoria Energy Term Loan B 275 2032-06-03                                  | CUSIP: 04626LAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    243648 | PA      | $243686.75    | 0.06%             | 2032-06-23      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2013-A                                                    | SDART 2025-4 C                                                             | CUSIP: 802923AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $846291.45    | 0.21%             | 2032-01-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                                           | FABSJV 5.9 01/25/30                                                        | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    385000 | PA      | $398435.51    | 0.10%             | 2030-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2013-2                                                       | EART 2025-4A B                                                             | CUSIP: 30167KAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1130000 | PA      | $1128719.15   | 0.27%             | 2030-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Universal Health Services, Inc.                                                                  | UHS 1.65 09/01/26                                                          | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   1034000 | PA      | $1021644.63   | 0.25%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Biomarin Pharmaceutical Inc.                                                                     | BIOMARIN PHARMACEUTICAL INC                                                | CUSIP: 000000000<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | LON              | CORP              | US        |     35000 | PA      | $34890.80     | 0.01%             | 2033-01-28      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST 2025-1                                                             | LBZZ 2025-1A B                                                             | CUSIP: 525938AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1110000 | PA      | $1112766.23   | 0.27%             | 2030-11-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST 2022-3                                                          | OMFIT 2022-3A A                                                            | CUSIP: 68269PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    119646 | PA      | $119837.04    | 0.03%             | 2034-05-15      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V1.578 04/22/27                                                        | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    460000 | PA      | $459258.79    | 0.11%             | 2027-04-22      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST 2025-1                                                          | OMFIT 2025-1A B                                                            | CUSIP: 68270DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1130000 | PA      | $1133216.55   | 0.28%             | 2038-07-14      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc.                                                                               | IRM 5.25 07/15/30 144A                                                     | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    475000 | PA      | $461489.65    | 0.11%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM F 02/24/28 .                                                           | CUSIP: 46647PCY0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1447000 | PA      | $1454903.44   | 0.35%             | 2028-02-24      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AC3654                                                                  | CUSIP: 31417NBY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43807 | PA      | $44272.93     | 0.01%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust 2019-D                                                                  | AJAXM 2019-D A1                                                            | CUSIP: 00968FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    675188 | PA      | $651005.34    | 0.16%             | 2065-09-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2025-CES4                                                              | TPMT 2025-CES4 A1A                                                         | CUSIP: 89170UAA8<br>LEI: 254900V1XGR6BSB30T32 | Long             | ABS-O            | CORP              | US        |    994617 | PA      | $989548.53    | 0.24%             | 2065-10-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| NMEF FUNDING 2024-A LLC                                                                          | NMEF 2024-A A2                                                             | CUSIP: 62919UAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    454280 | PA      | $456470.10    | 0.11%             | 2031-12-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Gartner Inc.                                                                                     | IT 3.75 10/01/30 144A                                                      | CUSIP: 366651AE7<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    860000 | PA      | $781987.80    | 0.19%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SANTANDER MORTGAGE ASSET RECEIVABLE TRUST 2025-CES1                                              | SAN 2025-CES1 A1A                                                          | CUSIP: 802650AB7<br>LEI: 254900WEZWXJLYHMU869 | Long             | ABS-O            | CORP              | US        |    707540 | PA      | $704315.65    | 0.17%             | 2055-09-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| AES Corp.                                                                                        | AES V7.6 01/15/55                                                          | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    395000 | PA      | $391807.65    | 0.10%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2024-CES3                                                                    | RCKT 2024-CES3 A1A                                                         | CUSIP: 74942AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1334032 | PA      | $1346762.24   | 0.33%             | 2044-05-25      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE 18/1 TRUST                                                             | CAFL 2018-1 D                                                              | CUSIP: 21872BAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    629064 | PA      | $625193.57    | 0.15%             | 2051-06-16      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2025-1                                                                | LADAR 2025-1A D                                                            | CUSIP: 505712AG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1225000 | PA      | $1240855.18   | 0.30%             | 2032-05-17      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST 2024-3                                                         | GSAR 2024-3A B                                                             | CUSIP: 37989EAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    840000 | PA      | $855045.49    | 0.21%             | 2030-08-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V5.15 04/23/31                                                         | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    399000 | PA      | $405817.28    | 0.10%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                                                   | EPR 4.75 11/15/30                                                          | CUSIP: 26884UAH2<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    660000 | PA      | $644152.85    | 0.16%             | 2030-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COLT 2023-4 MORTGAGE LOAN TRUST                                                                  | COLT 2023-4 A1                                                             | CUSIP: 12598WAA0<br>LEI: 213800EHDFO4A3F7P416 | Long             | ABS-O            | CORP              | US        |    552810 | PA      | $556712.43    | 0.14%             | 2068-10-25      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                                                                    | UVN 8 08/15/28 144A                                                        | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    650000 | PA      | $659744.80    | 0.16%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Jp Morgan Mortgage Trust 2015-5                                                                  | JPMMT 2015-5 A2                                                            | CUSIP: 46644XAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    109562 | PA      | $109052.28    | 0.03%             | 2045-05-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Citadel Finance LLC                                                                              | CITADL 4.75 02/14/29 144A                                                  | CUSIP: 17287HAE0<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |    515000 | PA      | $504589.24    | 0.12%             | 2029-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 6.25 11/09/32                                                         | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    409000 | PA      | $419680.70    | 0.10%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.5 10/31/27                                                             | CUSIP: 91282CPE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6815000 | PA      | $6778529.12   | 1.65%             | 2027-10-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Block Inc                                                                                        | XYZ 5.625 08/15/30 144A                                                    | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49723.71     | 0.01%             | 2030-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SEASONED MORTGAGE TRUST 2024-1                                                         | JPSMT 2024-1 A4                                                            | CUSIP: 61777HAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    639771 | PA      | $625520.71    | 0.15%             | 2063-01-25      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2014-1                                                       | NRZT 2014-1A A                                                             | CUSIP: 64828AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    293243 | PA      | $285135.43    | 0.07%             | 2054-01-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8505                                                                  | CUSIP: 3132DWNW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2154092 | PA      | $2125288.22   | 0.52%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AQUA FINANCE TRUST 2024-A                                                                        | AQFIT 2026-A A                                                             | CUSIP: 038410AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $995003.10    | 0.24%             | 2051-04-17      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Blue Owl Finance Llc                                                                             | OWL 3.125 06/10/31                                                         | CUSIP: 09581JAR7<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |   1029000 | PA      | $887286.95    | 0.22%             | 2031-06-10      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 3.875 04/15/30                                                        | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    842000 | PA      | $819999.33    | 0.20%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UPX HIL 2025-1 ISSUER TRUST                                                                      | UPXHI 2025-1 A                                                             | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    530539 | PA      | $528336.33    | 0.13%             | 2047-01-25      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORT TR 2025-CES1                                                                      | JPMMT 2025-CES1 A1                                                         | CUSIP: 46658XAC9<br>LEI: 5299003TKRYXBBT76K08 | Long             | ABS-O            | CORP              | US        |    601962 | PA      | $604503.18    | 0.15%             | 2055-05-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| SIERRA TIMESHARE 2026-1 RECEIVABLES FUNDING LLC                                                  | SRFC 2026-1A B                                                             | CUSIP: 82652VAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1060000 | PA      | $1056432.88   | 0.26%             | 2042-12-22      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2021-P3                                                           | CRVNA 2021-P3 B                                                            | CUSIP: 14687JAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $690687.69    | 0.17%             | 2027-08-10      | Fixed         | 1.42%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                            | QUIKHO 6.375 03/01/32 144A                                                 | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     95000 | PA      | $96330.29     | 0.02%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Genmab AS And Genmab Finance LLC                                                                 | GMABDC 6.25 12/15/32 144A                                                  | CUSIP: 37230JAA0<br>LEI: 529900MTJPDPE4MHJ122 | Long             | DBT              | CORP              | DK        |     30000 | PA      | $30756.96     | 0.01%             | 2032-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE 2024-1 LLC                                                           | PREF 2024-1A A2                                                            | CUSIP: 737473AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195783 | PA      | $196246.94    | 0.05%             | 2029-11-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL MORTGAGE LOAN TRUST 2020-1                                                           | RMLT 2020-1 A1                                                             | CUSIP: 76119CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     68682 | PA      | $68450.24     | 0.02%             | 2060-01-25      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2026-4                                                                    | SEMT 2026-4 A4                                                             | CUSIP: 81750QAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    795000 | PA      | $797119.43    | 0.19%             | 2056-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Affirm Asset Securitization Trust 2025-X1                                                        | AFFRM 2025-X1 A                                                            | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    125359 | PA      | $125432.06    | 0.03%             | 2030-04-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| SIERRA RECEIVABLES FUNDING CO LLC                                                                | SRFC 2024-2A A                                                             | CUSIP: 82650DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    347598 | PA      | $350109.83    | 0.08%             | 2041-06-20      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust 2014/1                                              | ACAR 2025-1 C                                                              | CUSIP: 02528DAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1320000 | PA      | $1327105.82   | 0.32%             | 2031-08-12      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| NYMT LOAN TRUST 2022-CP1                                                                         | NYMT 2022-CP1 A1                                                           | CUSIP: 62955VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1316600 | PA      | $1236997.67   | 0.30%             | 2061-07-25      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust 2019-2                                                        | EFMT 2019-2 A3                                                             | CUSIP: 31573TAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80544 | PA      | $78498.79     | 0.02%             | 2059-11-25      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| Paragon Offshore Finance Company                                                                 | PGN L 07/18/22 1                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | N/A       |        50 | PA      | $0.00         | 0.00%             | 2027-07-19      | Floating      | 3.25%                 | No            |                  3 | On Loan: No      |
| 180 Medical Inc.                                                                                 | CTECLN 3.875 10/15/29 144A                                                 | CUSIP: 682357AA6<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |    940000 | PA      | $913202.10    | 0.22%             | 2029-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Transdigm Inc                                                                                    | TransDigm Term Loan J 250 2031-02-01                                       | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    349422 | PA      | $349383.57    | 0.08%             | 2031-02-28      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| UPGRADE RECEIVABLES TRUST 2024-1                                                                 | UPGR 2024-1A B                                                             | CUSIP: 91533NAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375085 | PA      | $375566.24    | 0.09%             | 2031-02-18      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST 2024-3                                                                | FCAT 2024-3 B                                                              | CUSIP: 33843YAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1070000 | PA      | $1072284.24   | 0.26%             | 2029-07-16      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust 2025-1                                             | BLAST 2025-1 C                                                             | CUSIP: 10806HAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    955000 | PA      | $960303.78    | 0.23%             | 2029-12-17      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DBR Land Holdings LLC                                                                            | LB 6.25 12/01/30 144A                                                      | CUSIP: 24024BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $222747.80    | 0.05%             | 2030-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Kyndryl Holdings Inc                                                                             | KD 2.7 10/15/28                                                            | CUSIP: 50155QAK6<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    613000 | PA      | $567004.57    | 0.14%             | 2028-10-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Iqvia Inc                                                                                        | IQV 6.25 02/01/29                                                          | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    391000 | PA      | $406380.38    | 0.10%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Flowserve Corporation                                                                            | FLS 3.5 10/01/30                                                           | CUSIP: 34354PAF2<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | DBT              | CORP              | US        |    690000 | PA      | $649075.27    | 0.16%             | 2030-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                      | COF V4.493 09/11/31                                                        | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    817000 | PA      | $802183.53    | 0.19%             | 2031-09-11      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Amur Equipment Finance Receivables VI LLC                                                        | AXIS 2023-1A A2                                                            | CUSIP: 03236YAB1<br>LEI: 5493000K1GV1VHEHGY40 | Long             | ABS-O            | CORP              | US        |    239777 | PA      | $241172.63    | 0.06%             | 2029-12-20      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                    | OMF 6.625 01/15/28                                                         | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    185000 | PA      | $186265.22    | 0.05%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Meritage Homes Corp                                                                              | MTH 3.875 04/15/29 144A                                                    | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    952000 | PA      | $926476.29    | 0.22%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Acadia Healthcare Company, Inc.                                                                  | ACHC 5.5 07/01/28 144A                                                     | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14887.98     | 0.00%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ZAXBYS FUNDING LLC                                                                               | ZAXBY 2021-1A A2                                                           | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1265375 | PA      | $1200407.48   | 0.29%             | 2051-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2017-3                                                                  | JPMMT 2017-3 2A2                                                           | CUSIP: 46647SBY5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121340 | PA      | $106062.72    | 0.03%             | 2047-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust 2025-2                                                    | GSKY 2024-2 A2                                                             | CUSIP: 39571XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57723 | PA      | $57790.07     | 0.01%             | 2059-10-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 4.35 02/15/30                                                         | CUSIP: 11135FCB5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    764000 | PA      | $761291.03    | 0.18%             | 2030-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                                                                       | BAX 4.9 12/15/30                                                           | CUSIP: 071813DD8<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    825000 | PA      | $814364.02    | 0.20%             | 2030-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| OAKTREE ABF EQUIPMENT ST 2026-1 LLC                                                              | OAKEF 2026-1A B                                                            | CUSIP: 67403GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1160000 | PA      | $1157592.78   | 0.28%             | 2033-10-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TRICON RESIDENTIAL 2021-SFR1                                                                     | TCN 2021-SFR1 B                                                            | CUSIP: 89614YAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $843431.03    | 0.20%             | 2038-07-19      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V6.303 10/23/29                                                        | CUSIP: 95000U3G6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    647000 | PA      | $673846.12    | 0.16%             | 2029-10-23      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V2.551 02/04/28 MTN                                                    | CUSIP: 06051GKJ7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    413000 | PA      | $406704.34    | 0.10%             | 2028-02-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2022- P2                                                          | CRVNA 2022-N1 C                                                            | CUSIP: 14686GAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    147911 | PA      | $146410.56    | 0.04%             | 2028-12-10      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2015-2                                                       | NRZT 2015-2A A1                                                            | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    313445 | PA      | $304432.25    | 0.07%             | 2055-08-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                         | VST 6.875 04/15/32 144A                                                    | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    705000 | PA      | $729637.90    | 0.18%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SIERRA RECEIVABLES FUNDING CO LLC                                                                | SRFC 2025-3A A                                                             | CUSIP: 82650FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    763030 | PA      | $758582.98    | 0.18%             | 2044-08-22      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                                      | Caesars Entertainment Inc Term Loan B 225 2030-02-01                       | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    210600 | PA      | $204282.00    | 0.05%             | 2030-02-06      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| BBCMS TRUST 2018-CBM                                                                             | BBCMS 2018-CBM A                                                           | CUSIP: 05549RAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1312657.92   | 0.32%             | 2037-07-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                                           | TFC V7.161 10/30/29 MTN                                                    | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    540000 | PA      | $573930.19    | 0.14%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| MVW 2024-1 LLC                                                                                   | MVWOT 2024-1A A                                                            | CUSIP: 62847RAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    594438 | PA      | $600177.30    | 0.15%             | 2043-02-20      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| OBX TRUST 2023-NQM10                                                                             | OBX 2023-NQM10 A1                                                          | CUSIP: 67449CAA9<br>LEI: 254900O44XNRXAW7W466 | Long             | ABS-O            | CORP              | US        |    263645 | PA      | $265337.58    | 0.06%             | 2063-10-25      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                                                            | BELL 2025-1A A2I                                                           | CUSIP: 87342RAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1145000 | PA      | $1127408.68   | 0.27%             | 2055-08-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| AUGUSTA SPINCO CORP                                                                              | WAT 4.656 03/23/31                                                         | CUSIP: 051473AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $398167.02    | 0.10%             | 2031-03-23      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                                         | EDF 5.7 05/23/28 144A                                                      | CUSIP: 28504DAB9<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    626000 | PA      | $640959.72    | 0.16%             | 2028-05-23      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FA0685                                                                  | CUSIP: 3140W0XP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2124783 | PA      | $2170911.01   | 0.53%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                     | PEMEX 6.84 01/23/30                                                        | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     81000 | PA      | $81275.40     | 0.02%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC) | ACI 4.875 02/15/30 144A                                                    | CUSIP: 013092AE1<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    665000 | PA      | $650926.31    | 0.16%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                                         | JPMMT 2024-CES1 A1A                                                        | CUSIP: 46658CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    453629 | PA      | $455678.03    | 0.11%             | 2054-06-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                                                                          | NXST 7.25 04/15/34 144A                                                    | CUSIP: 65346UAA7<br>LEI: 52990083ZRR5UT591988 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95282.78     | 0.02%             | 2034-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GCAT 2023-NQM2 TRUST                                                                             | GCAT 2023-NQM2 A1                                                          | CUSIP: 36169DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    748404 | PA      | $745794.35    | 0.18%             | 2067-11-25      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| NAB Holdings LLC                                                                                 | North American Bancard Term Loan B 250 2028-11-01                          | CUSIP: 66345FAB7<br>LEI: 549300G4QOYNTNBXSH82 | Long             | LON              | CORP              | US        |    428784 | PA      | $391144.98    | 0.09%             | 2028-11-24      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Information Management LLC                                                         | Iron Mountain Term Loan B (Incremental) 225 2030-11-29                     | CUSIP: 46284NAV1<br>LEI: 5493009M0X1LQXGBWV02 | Long             | LON              | CORP              | US        |    326012 | PA      | $323567.01    | 0.08%             | 2031-01-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| HINNT 2025-A LLC                                                                                 | HINTT 2025-A B                                                             | CUSIP: 433403AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    686658 | PA      | $694884.83    | 0.17%             | 2044-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| The Allstate Corporation                                                                         | ALL V0 08/15/53 B                                                          | CUSIP: 020002BB6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    435000 | PA      | $434880.46    | 0.11%             | 2053-08-15      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                | HRI 7 06/15/30 144A                                                        | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    470000 | PA      | $481923.43    | 0.12%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                                                                         | FG 6.5 06/04/29                                                            | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    776000 | PA      | $779242.80    | 0.19%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Formula One Management Limited                                                                   | DELTA 2 LUX SARL                                                           | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | US        |    350000 | PA      | $348950.00    | 0.08%             | 2031-09-30      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2016-2                                                       | NRZT 2016-2A A1                                                            | CUSIP: 64829GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    406210 | PA      | $393780.29    | 0.10%             | 2035-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| UPSTART SECURITIZATION TRUST 2026-1                                                              | UPST 2026-1 B                                                              | CUSIP: 91681BAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1060000 | PA      | $1052566.01   | 0.26%             | 2036-03-20      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| GIP Pilot Acquisition Partners LP                                                                | GIP Pilot Acquisition Partners Term Loan B 200 2030-10-01                  | CUSIP: 31773HAE2<br>LEI: 254900NQOAOPPA12X060 | Long             | LON              | CORP              | US        |    311002 | PA      | $310924.57    | 0.08%             | 2030-10-04      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2021-C                                                                    | OPTN 2021-C A                                                              | CUSIP: 68377WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    504235 | PA      | $497430.68    | 0.12%             | 2031-10-08      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2013-2                                                       | EART 2024-5A B                                                             | CUSIP: 30165BAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1069987 | PA      | $1071182.72   | 0.26%             | 2029-04-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 6.15 11/09/29                                                         | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206229.08    | 0.05%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MTG 2025-CES2                                                                          | JPMMT 2025-CES2 A1                                                         | CUSIP: 46595TAC4<br>LEI: 529900TE3BWT8J4WHE11 | Long             | ABS-O            | CORP              | US        |    747806 | PA      | $750364.05    | 0.18%             | 2055-06-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                                                                       | DAEAVI L 10/31/31 19                                                       | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |     74045 | PA      | $74011.20     | 0.02%             | 2031-10-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | FN MA4805                                                                  | CUSIP: 31418EKT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1848370 | PA      | $1791165.78   | 0.43%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Composecure Holdings LLC                                                                         | COMPOS 5.625 02/01/33 144A                                                 | CUSIP: 20459XAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4884.75      | 0.00%             | 2033-02-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                                                             | Charter Communications Operating Term Loan B-5 225 2031-11-14              | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |    339496 | PA      | $339306.06    | 0.08%             | 2031-12-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                              | ALLY 8 11/01/31 *                                                          | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    710000 | PA      | $787267.11    | 0.19%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NMEF FUNDING 2025-A LLC                                                                          | NMEF 2025-A B                                                              | CUSIP: 62919VAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1160000 | PA      | $1167491.28   | 0.28%             | 2032-07-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                                                                  | GTN 7.25 08/15/33 144A                                                     | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403068.40    | 0.10%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2017-2                                                       | NRZT 2017-2A A3                                                            | CUSIP: 64829KBV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    509563 | PA      | $493892.96    | 0.12%             | 2057-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2023-CES2                                                                    | RCKT 2023-CES2 A1A                                                         | CUSIP: 748956AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    295413 | PA      | $296537.91    | 0.07%             | 2043-09-25      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| MARINER FINANCE ISSUANCE TRUST 2025-A                                                            | MFIT 2025-AA A                                                             | CUSIP: 567920AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1120000 | PA      | $1128334.59   | 0.27%             | 2038-05-20      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                                                               | DOMREP 5.5 02/22/29 144A                                                   | CUSIP: 25714PEP9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    287000 | PA      | $284130.00    | 0.07%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sbna Auto Receivables Trust 2024-A                                                               | SBAT 2024-A C                                                              | CUSIP: 78437PAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    722000 | PA      | $731772.63    | 0.18%             | 2030-01-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2024-Ces9                                                                    | RCKT 2024-CES9 A1A                                                         | CUSIP: 749426AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    699058 | PA      | $701827.86    | 0.17%             | 2044-12-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| POWERPAY ISSUANCE TRUST 2024-1                                                                   | PWRP 2024-1A A                                                             | CUSIP: 73934RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    448999 | PA      | $457649.34    | 0.11%             | 2039-02-18      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust 2019-A                                                                        | AQFIT 2019-A A                                                             | CUSIP: 038370AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    138131 | PA      | $134499.28    | 0.03%             | 2040-07-16      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| FIRST INVESTORS AUTO OWNER TRUST 2021-2                                                          | FIAOT 2021-2A C                                                            | CUSIP: 32057JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    168489 | PA      | $168300.63    | 0.04%             | 2027-11-15      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                                                | VENTGL 4.125 08/15/31 144A                                                 | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    635000 | PA      | $589029.49    | 0.14%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BUSINESS JET SECURITIES 2024-2 LLC                                                               | BJETS 2024-2A A                                                            | CUSIP: 12326TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    842519 | PA      | $840284.27    | 0.20%             | 2039-09-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| RFR TRUST 2025-SGRM                                                                              | RFR 2025-SGRM A                                                            | CUSIP: 74984NAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $1163564.37   | 0.28%             | 2041-03-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | FN MA3663                                                                  | CUSIP: 31418DB92<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    133377 | PA      | $123702.19    | 0.03%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DEXT ABS 2023-1 LLC                                                                              | DEXT 2023-1 A2                                                             | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     77717 | PA      | $77997.48     | 0.02%             | 2032-03-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| RGA Global Funding                                                                               | RGA 4.6 11/25/30 144A                                                      | CUSIP: 76209PAK9<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    815000 | PA      | $805455.94    | 0.20%             | 2030-11-25      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.875 03/31/27                                                           | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    405000 | PA      | $405534.73    | 0.10%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST 2026-1                                             | BLAST 2026-1 C                                                             | CUSIP: 107927AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1240000 | PA      | $1229608.68   | 0.30%             | 2031-11-15      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                                      | GBLATL V7.95 10/15/54 144A                                                 | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    195000 | PA      | $187758.07    | 0.05%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                               | ET V7.125 PERP G                                                           | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    325000 | PA      | $330793.13    | 0.08%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                                                              | AFRMT 2025-3A A                                                            | CUSIP: 00833BAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $995666.70    | 0.24%             | 2034-10-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Dentsply Sirona Inc                                                                              | XRAY 3.25 06/01/30                                                         | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    952000 | PA      | $876793.67    | 0.21%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| Prime Security Services Borrower, LLC (aka Protection 1 Security Solutions)                      | PRIME SECURITY SERVICES BOR                                                | CUSIP: 03765VAP5<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    285920 | PA      | $284387.95    | 0.07%             | 2030-10-13      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc                                                                     | Univision Communications/Televisa Term Loan B (Incremental) 350 2029-01-01 | CUSIP: 914908BG2<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |    357547 | PA      | $353749.59    | 0.09%             | 2029-01-31      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AO5149                                                                  | CUSIP: 3138LVWK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7070 | PA      | $7017.64      | 0.00%             | 2027-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2023-P3                                                           | CRVNA 2023-N4 C                                                            | CUSIP: 14688LAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1005000 | PA      | $1027458.84   | 0.25%             | 2030-02-11      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| Resideo Funding Inc                                                                              | Resideo Technologies Term Loan B (Incremental) 200 2032-07-28              | CUSIP: 76090LAM6<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |    273625 | PA      | $272598.91    | 0.07%             | 2032-08-13      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                                                         | APTV V6.875 12/15/54                                                       | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |     70000 | PA      | $70652.24     | 0.02%             | 2054-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-4                                                                | LADAR 2023-4A C                                                            | CUSIP: 50571AAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1023000 | PA      | $1045751.32   | 0.25%             | 2029-03-15      | Fixed         | 6.76%                 | No            |                  2 | On Loan: No      |
| Nexstar Media Inc.                                                                               | NXST 5.625 07/15/27 144A                                                   | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    580000 | PA      | $579724.15    | 0.14%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COLT 2023-3 MORTGAGE LOAN TRUST                                                                  | COLT 2023-3 A1                                                             | CUSIP: 19688RAA7<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-O            | CORP              | US        |    628056 | PA      | $631675.54    | 0.15%             | 2068-09-25      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyality IP Ltd (American Airlines Inc)                                               | American Airlines Term Loan B 225 2028-04-01                               | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    322562 | PA      | $319085.28    | 0.08%             | 2028-04-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Light and Wonder International Inc                                                               | Light & Wonder (Scientific Games) Term Loan B 200 2029-04-01               | CUSIP: 80875AAY7<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |    215000 | PA      | $214821.55    | 0.05%             | 2029-04-16      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 4.375 08/15/26                                                           | CUSIP: 91282CHU8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11350000 | PA      | $11374207.39  | 2.76%             | 2026-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust 2022-1                                              | ARIVO 2022-2A A                                                            | CUSIP: 04047JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     77143 | PA      | $77565.68     | 0.02%             | 2029-01-16      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Charles River Laboratories International, Inc.                                                   | CRL 4.25 05/01/28 144A                                                     | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136846.15    | 0.03%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2025-1                                                                           | REACH 2025-1A A                                                            | CUSIP: 75525PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    417683 | PA      | $418353.36    | 0.10%             | 2032-08-16      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Vontier Corporation                                                                              | VNT 2.4 04/01/28                                                           | CUSIP: 928881AD3<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    732000 | PA      | $701623.03    | 0.17%             | 2028-04-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST 2021-B                                                                  | BHG 2021-B B                                                               | CUSIP: 08862BAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    386540 | PA      | $384358.91    | 0.09%             | 2034-10-17      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| OBX 2023-NQM9 TRUST                                                                              | OBX 2023-NQM9 A1                                                           | CUSIP: 673921AA0<br>LEI: 2549007JKD4UEFDCFB08 | Long             | ABS-O            | CORP              | US        |   1387797 | PA      | $1398016.18   | 0.34%             | 2063-10-25      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| SAFCO AUTO RECV TR 2024-1                                                                        | SAFCO 2024-1A B                                                            | CUSIP: 78637EAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    298048 | PA      | $298264.92    | 0.07%             | 2028-11-20      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2024-1                                                                 | TPMT 2024-1 A1                                                             | CUSIP: 89182NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    632954 | PA      | $643193.13    | 0.16%             | 2064-03-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                               | VEGLPL 6.5 01/15/34 144A                                                   | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88607.76     | 0.02%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                            | ROMANI 5.875 01/30/29 144A                                                 | CUSIP: 77586RAT7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1005000 | PA      | $1010205.90   | 0.25%             | 2029-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-2                                                                 | TPMT 2018-2 A2                                                             | CUSIP: 89175VAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1565000 | PA      | $1526893.19   | 0.37%             | 2058-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                                                | POWSOL 6.75 02/15/30 144A                                                  | CUSIP: 18060TAD7<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $25562.50     | 0.01%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SL1127                                                                  | CUSIP: 31427NHD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3682297 | PA      | $3753612.85   | 0.91%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment Public Limited Company                                                     | Flutter Entertainment Term Loan B 175 2030-11-01                           | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | US        |    462890 | PA      | $457103.44    | 0.11%             | 2030-11-30      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| ELLINGTON FINANCIAL MORTGAGE TRUST 2020-2                                                        | EFMT 2020-2 A1                                                             | CUSIP: 31573WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1260981 | PA      | $1200117.97   | 0.29%             | 2065-10-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Trust                                                                 | THPT 2023-THL A                                                            | CUSIP: 87252LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1325500 | PA      | $1334916.43   | 0.32%             | 2034-12-14      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| FMG Resources (August 2006) Pty Ltd.                                                             | FMGAU 5.875 04/15/30 144A                                                  | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    308000 | PA      | $311695.57    | 0.08%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UFC Holdings LLC (Zuffa)/TKO Group                                                               | TKO Group Holdings (UFC) Term Loan B 200 2031-11-01                        | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |    319549 | PA      | $319140.04    | 0.08%             | 2031-11-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Rocket Companies Inc                                                                             | RKT 6.125 08/01/30 144A                                                    | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $161476.32    | 0.04%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                       | BA 6.388 05/01/31                                                          | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    292000 | PA      | $311371.62    | 0.08%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST 2024-1                                                             | LBZZ 2024-1A A2                                                            | CUSIP: 525935AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    259404 | PA      | $260586.57    | 0.06%             | 2029-08-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Virtus Opportunities Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer