# EDGAR Filing Document

**Accession Number:** 0000808303
**File Stem:** 0000808303-25-000087
**Filing Date:** 2025-8
**Character Count:** 132472
**Document Hash:** ac69e1c29eb78e7c19373ebec3e0adee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000808303-25-000087.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0000808303-25-000087

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Spectrum Fund, Inc.
- **CENTRAL INDEX KEY:** 0000808303

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04998
- **FILM NUMBER:** 251256787

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE SPECTRUM FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE OMNI TRUST
- **DATE OF NAME CHANGE:** 19870726

## Series and Classes Contracts Data

### T. Rowe Price Spectrum Income Fund (Series ID: S000002122)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000005512 | T. Rowe Price Spectrum Income Fund         | RPSIX           |
| C000227147 | T. Rowe Price Spectrum Income Fund-I Class | TSPNX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** T. ROWE PRICE SPECTRUM FUND, INC.

- **b. Investment Company Act file number:** 811-04998

- **c. CIK number of Registrant:** 0000808303

- **d. LEI of Registrant:** 549300C4CNSW3NCPIM75

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

  - **Street Address 1:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **Telephone number:** 410-345-2000

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

- **a. Name of Series:** T. Rowe Price Spectrum Income Fund

- **b. EDGAR series identifier (if any):** S000002122

- **c. LEI of Series:** 549300STXWSR8ZCP7B25

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

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

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $6024211742.43

**Total Liabilities:** $36469125.53

**Net Assets:** $5987742616.90

**Delayed Delivery Securities:** $6055000.00

**Cash Not Reported:** $971900.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

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

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227147 | -0.06%               | 0.77%                | 1.44%                |
| Class ID C000005512 | -0.07%               | 0.84%                | 1.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-78250661.25            | $42724806.01                               |
| Month 2  | $-847379.86              | $21529138.05                               |
| Month 3  | $1421480.77              | $53919133.76                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aimco CLO 14 Ltd                                                 | AIMCO CLO 14 LTD                                                 | CUSIP: 00144GAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000606.08   | 0.03%             | 2034-04-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| AMSR 2021-SFR2 Trust                                             | AMSR 2021-SFR2 TRUST                                             | CUSIP: 00179VAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2185000 | PA      | $2106473.72   | 0.04%             | 2038-08-17      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust 2025-B                                     | ARI FLEET LEASE TRUST 2025-B                                     | CUSIP: 00193GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1770000 | PA      | $1787081.56   | 0.03%             | 2034-03-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust                                              | AFFIRM MASTER TRUST                                              | CUSIP: 00833BAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    735000 | PA      | $734904.08    | 0.01%             | 2033-07-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust                                              | AFFIRM MASTER TRUST                                              | CUSIP: 00833BAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1395000 | PA      | $1394762.57   | 0.02%             | 2033-07-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Affirm Asset Securitization Trust 2025-X1                        | AFFIRM ASSET SECURITIZATION TRUST 2025-X1                        | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2585416 | PA      | $2587836.36   | 0.04%             | 2030-04-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| AGL CLO 7 Ltd                                                    | AGL CLO 7 LTD                                                    | CUSIP: 008511AN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2735000 | PA      | $2737735.00   | 0.05%             | 2034-07-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| AIMCO CLO 21 Ltd                                                 | AIMCO CLO 21 LTD                                                 | CUSIP: 00901WAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    380000 | PA      | $381199.44    | 0.01%             | 2037-04-18      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| ALA Trust 2025-OANA                                              | ALA TRUST 2025-OANA                                              | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1730000 | PA      | $1739193.05   | 0.03%             | 2040-06-15      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| Alen 2021-ACEN Mortgage Trust                                    | ALEN 2021-ACEN MORTGAGE TRUST                                    | CUSIP: 01449NAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1450000 | PA      | $1388375.00   | 0.02%             | 2034-04-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes Series 2024-B                 | ALLY BANK AUTO CREDIT-LINKED NOTES SERIES 2024-B                 | CUSIP: 02007G4D2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    744056 | PA      | $746150.80    | 0.01%             | 2032-09-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes Series 2024-A                 | ALLY BANK AUTO CREDIT-LINKED NOTES SERIES 2024-A                 | CUSIP: 02007GZ55<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2238143 | PA      | $2270761.97   | 0.04%             | 2032-05-17      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust 2022-2                  | AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2022-2                  | CUSIP: 03065WAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $302109.12    | 0.01%             | 2028-04-18      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Americredit Automobile Receivables Trust 2022-1                  | AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2022-1                  | CUSIP: 03066TAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1770000 | PA      | $1741640.00   | 0.03%             | 2028-02-18      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| AMSR 2020-SFR5 Trust                                             | AMSR 2020-SFR5 TRUST                                             | CUSIP: 03217JAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1640000 | PA      | $1619268.27   | 0.03%             | 2037-11-17      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| Amur Equipment Finance Receivables XIII LLC                      | AMUR EQUIPMENT FINANCE RECEIVABLES XIII LLC                      | CUSIP: 03237CAC6<br>LEI: 254900O8ABFLU3FOSN14 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $255140.40    | 0.00%             | 2031-01-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Amur Equipment Finance Receivables XIII LLC                      | AMUR EQUIPMENT FINANCE RECEIVABLES XIII LLC                      | CUSIP: 03237CAD4<br>LEI: 254900O8ABFLU3FOSN14 | Long             | ABS-O            | CORP              | US        |    340000 | PA      | $345822.74    | 0.01%             | 2031-01-21      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2025-5                                  | ANGEL OAK MORTGAGE TRUST 2025-5                                  | CUSIP: 03466EAA8<br>LEI: 254900QA46POYH7UR768 | Long             | ABS-MBS          | CORP              | US        |   1661886 | PA      | $1667026.85   | 0.03%             | 2070-04-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2024-10                                 | ANGEL OAK MORTGAGE TRUST 2024-10                                 | CUSIP: 034933AA9<br>LEI: 254900QN92XYN8GJBJ44 | Long             | ABS-MBS          | CORP              | US        |    224194 | PA      | $223698.35    | 0.00%             | 2069-10-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2025-4                                  | ANGEL OAK MORTGAGE TRUST 2025-4                                  | CUSIP: 034935AA4<br>LEI: 254900VBIBOATGC48K85 | Long             | ABS-MBS          | CORP              | US        |   1686388 | PA      | $1699326.32   | 0.03%             | 2070-04-25      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| Apidos CLO XXXVII                                                | APIDOS CLO XXXVII                                                | CUSIP: 03769HAC1<br>LEI: 549300OGB01ASKLNI660 | Long             | ABS-CBDO         | CORP              | KY        |   1675000 | PA      | $1674597.55   | 0.03%             | 2034-10-22      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Arbys Funding LLC                                                | ARBYS FUNDING LLC                                                | CUSIP: 038779AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2999422 | PA      | $2861027.35   | 0.05%             | 2050-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| ARES XLV CLO Ltd                                                 | ARES XLV CLO LTD                                                 | CUSIP: 04016QAL0<br>LEI: 549300VFCO6SQG8OL714 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400842.27    | 0.01%             | 2030-10-15      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Auxilior Term Funding 2023-1 LLC                                 | AUXILIOR TERM FUNDING 2023-1 LLC                                 | CUSIP: 05335JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    820000 | PA      | $862462.22    | 0.01%             | 2030-12-16      | Fixed         | 7.27%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                         | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC                         | CUSIP: 05377REA8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1760000 | PA      | $1743953.02   | 0.03%             | 2027-02-20      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                         | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC                         | CUSIP: 05377REU4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    875000 | PA      | $845593.44    | 0.01%             | 2028-02-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                         | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC                         | CUSIP: 05377REZ3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98916.66     | 0.00%             | 2028-08-21      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                         | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC                         | CUSIP: 05377RGC2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    315000 | PA      | $321088.51    | 0.01%             | 2029-04-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAMLL Commercial Mortgage Securities Trust 2018-PARK             | BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 2018-PARK             | CUSIP: 05491YAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1170000 | PA      | $1137477.74   | 0.02%             | 2038-08-10      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| BPR Trust 2021-TY                                                | BPR TRUST 2021-TY                                                | CUSIP: 05592AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $549316.85    | 0.01%             | 2038-09-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C5 Mortgage Trust                                      | BMO 2024-5C5 MORTGAGE TRUST                                      | CUSIP: 05593RAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1413083.07   | 0.02%             | 2057-02-15      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| BMO 2025-5C10 Mortgage Trust                                     | BMO 2025-5C10 MORTGAGE TRUST                                     | CUSIP: 05615BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1812820.45   | 0.03%             | 2058-05-15      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| BMO 2025-C12 Mortgage Trust                                      | BMO 2025-C12 MORTGAGE TRUST                                      | CUSIP: 05615DAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1730000 | PA      | $1831583.70   | 0.03%             | 2058-06-15      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO 2022-3 Ltd                               | BAIN CAPITAL CREDIT CLO 2022-3 LTD                               | CUSIP: 05684NAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    450000 | PA      | $450000.00    | 0.01%             | 2035-07-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR8                                                  | BANK5 2024-5YR8                                                  | CUSIP: 065923BF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1650000 | PA      | $1732198.38   | 0.03%             | 2057-08-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR10                                                 | BANK5 2024-5YR10                                                 | CUSIP: 06604AAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1229646.12   | 0.02%             | 2057-10-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BANK5 2025-5YR14                                                 | BANK5 2025-5YR14                                                 | CUSIP: 06604MAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1650000 | PA      | $1717424.45   | 0.03%             | 2058-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR12                                                 | BANK5 2024-5YR12                                                 | CUSIP: 06644XBG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2350000 | PA      | $2465309.33   | 0.04%             | 2057-12-15      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| Barings CLO Ltd 2024-I                                           | BARINGS CLO LTD 2024-I                                           | CUSIP: 06763VAC9<br>LEI: 2549005VRCK51O5LRS39 | Long             | ABS-CBDO         | CORP              | KY        |    390000 | PA      | $391312.02    | 0.01%             | 2037-01-20      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Battalion Clo XXI Ltd                                            | BATTALION CLO XXI LTD                                            | CUSIP: 07134WAS2<br>LEI: 549300EOF4JL75TYXX49 | Long             | ABS-CBDO         | CORP              | KY        |   1755000 | PA      | $1755000.00   | 0.03%             | 2034-07-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII 2024-CAR1 LLC                | BAYVIEW OPPORTUNITY MASTER FUND VII 2024-CAR1 LLC                | CUSIP: 07336QAD4<br>LEI: 254900S53K9VTUR1UX42 | Long             | ABS-O            | CORP              | US        |   2027411 | PA      | $2040772.15   | 0.03%             | 2031-12-26      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Benchmark 2023-V3 Mortgage Trust                                 | BENCHMARK 2023-V3 MORTGAGE TRUST                                 | CUSIP: 08163VAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1428560.69   | 0.02%             | 2056-07-15      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| Benchmark 2024-V5 Mortgage Trust                                 | BENCHMARK 2024-V5 MORTGAGE TRUST                                 | CUSIP: 08163XBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1715000 | PA      | $1786864.50   | 0.03%             | 2057-01-10      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| Benchmark 2025-V13 Mortgage Trust                                | BENCHMARK 2025-V13 MORTGAGE TRUST                                | CUSIP: 08164AAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2495000 | PA      | $2609250.04   | 0.04%             | 2058-02-15      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| Benchmark 2025-V14 Mortgage Trust                                | BENCHMARK 2025-V14 MORTGAGE TRUST                                | CUSIP: 08164BAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1046053 | PA      | $1089989.63   | 0.02%             | 2057-04-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO XXV Ltd                              | BENEFIT STREET PARTNERS CLO XXV LTD                              | CUSIP: 08186YAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    765000 | PA      | $757881.62    | 0.01%             | 2035-01-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Benchmark 2024-V8 Mortgage Trust                                 | BENCHMARK 2024-V8 MORTGAGE TRUST                                 | CUSIP: 08190AAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1975000 | PA      | $2083201.56   | 0.03%             | 2057-07-15      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| Benchmark 2024-V8 Mortgage Trust                                 | BENCHMARK 2024-V8 MORTGAGE TRUST                                 | CUSIP: 08190AAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    185000 | PA      | $195845.55    | 0.00%             | 2057-07-15      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| BlueMountain CLO 2018-3 Ltd                                      | BLUEMOUNTAIN CLO 2018-3 LTD                                      | CUSIP: 09630AAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2507331.33   | 0.04%             | 2030-10-25      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C4 Mortgage Trust                                      | BMO 2024-5C4 MORTGAGE TRUST                                      | CUSIP: 09660SAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2450000 | PA      | $2600722.04   | 0.04%             | 2057-05-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-TAIL                                               | BX TRUST 2025-TAIL                                               | CUSIP: 123912AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1725000 | PA      | $1727689.97   | 0.03%             | 2035-06-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-MDHS                           | BX COMMERCIAL MORTGAGE TRUST 2024-MDHS                           | CUSIP: 12433BAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1672913 | PA      | $1675004.50   | 0.03%             | 2041-05-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-SLCT                           | BX COMMERCIAL MORTGAGE TRUST 2024-SLCT                           | CUSIP: 12433JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1989375.00   | 0.03%             | 2042-01-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| CD 2019-CD8 Mortgage Trust                                       | CD 2019-CD8 MORTGAGE TRUST                                       | CUSIP: 12515BAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    340000 | PA      | $312092.46    | 0.01%             | 2057-08-15      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate Lending 2019-CF2                   | CANTOR COMMERCIAL REAL ESTATE LENDING 2019-CF2                   | CUSIP: 12528YAK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    365000 | PA      | $330735.99    | 0.01%             | 2052-11-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| CSAIL 2018-C14 Commercial Mortgage Trust                         | CSAIL 2018-C14 COMMERCIAL MORTGAGE TRUST                         | CUSIP: 12596GAZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    585000 | PA      | $581567.40    | 0.01%             | 2051-11-15      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| CSAIL 2019-C18 Commercial Mortgage Trust                         | CSAIL 2019-C18 COMMERCIAL MORTGAGE TRUST                         | CUSIP: 12597DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    746000 | PA      | $683208.21    | 0.01%             | 2052-12-15      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust 2023-B                                       | CNH EQUIPMENT TRUST 2023-B                                       | CUSIP: 12666DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    575000 | PA      | $582592.65    | 0.01%             | 2029-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| COLT 2024-INV1 Mortgage Loan Trust                               | COLT 2024-INV1 MORTGAGE LOAN TRUST                               | CUSIP: 12672RAA0<br>LEI: 213800D3JCL6LSBI3544 | Long             | ABS-MBS          | CORP              | US        |   1682645 | PA      | $1691514.75   | 0.03%             | 2068-12-25      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2024-P4                           | CARVANA AUTO RECEIVABLES TRUST 2024-P4                           | CUSIP: 14076LAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2150000 | PA      | $2181739.38   | 0.04%             | 2031-05-12      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Carmax Auto Owner Trust 2023-2                                   | CARMAX AUTO OWNER TRUST 2023-2                                   | CUSIP: 142921AH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $112814.83    | 0.00%             | 2029-10-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust 2022-1                                   | CARMAX AUTO OWNER TRUST 2022-1                                   | CUSIP: 14317CAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98159.18     | 0.00%             | 2028-07-17      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| Carmax Auto Owner Trust 2022-2                                   | CARMAX AUTO OWNER TRUST 2022-2                                   | CUSIP: 14317HAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    365000 | PA      | $363776.81    | 0.01%             | 2028-10-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Carmax Auto Owner Trust 2021-4                                   | CARMAX AUTO OWNER TRUST 2021-4                                   | CUSIP: 14317JAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $24569.21     | 0.00%             | 2027-05-17      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust 2024-1                                   | CARMAX AUTO OWNER TRUST 2024-1                                   | CUSIP: 14318WAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35000 | PA      | $35479.35     | 0.00%             | 2029-08-15      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Carmax Select Receivables Trust 2024-A                           | CARMAX SELECT RECEIVABLES TRUST 2024-A                           | CUSIP: 14319FAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $152450.54    | 0.00%             | 2030-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Carmax Auto Owner Trust 2025-2                                   | CARMAX AUTO OWNER TRUST 2025-2                                   | CUSIP: 14320AAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    440000 | PA      | $445659.19    | 0.01%             | 2030-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Carmax Auto Owner Trust 2025-2                                   | CARMAX AUTO OWNER TRUST 2025-2                                   | CUSIP: 14320AAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $507293.00    | 0.01%             | 2031-01-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2021-P3                           | CARVANA AUTO RECEIVABLES TRUST 2021-P3                           | CUSIP: 14687JAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1835000 | PA      | $1749299.81   | 0.03%             | 2028-09-11      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2023-P4                           | CARVANA AUTO RECEIVABLES TRUST 2023-P4                           | CUSIP: 14687NAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99000 | PA      | $104562.89    | 0.00%             | 2029-12-10      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2024-N1                           | CARVANA AUTO RECEIVABLES TRUST 2024-N1                           | CUSIP: 14687QAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2547651.75   | 0.04%             | 2030-05-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2025-P2                           | CARVANA AUTO RECEIVABLES TRUST 2025-P2                           | CUSIP: 14688YAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1700000 | PA      | $1722531.46   | 0.03%             | 2031-11-10      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2025-P2                           | CARVANA AUTO RECEIVABLES TRUST 2025-P2                           | CUSIP: 14688YAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $861246.69    | 0.01%             | 2033-06-10      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                                             | CHASE ISSUANCE TRUST                                             | CUSIP: 161571HU1<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |   2490000 | PA      | $2566290.86   | 0.04%             | 2030-09-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2019-GC41                    | CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC41                    | CUSIP: 17328FAW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1880000 | PA      | $1761367.49   | 0.03%             | 2056-08-10      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| COLT 2024-6 Mortgage Loan Trust                                  | COLT 2024-6 MORTGAGE LOAN TRUST                                  | CUSIP: 19688XAA4<br>LEI: 213800U2X2TO1PQH1O75 | Long             | ABS-MBS          | CORP              | US        |   1360155 | PA      | $1361080.65   | 0.02%             | 2069-11-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2023-R04                     | CONNECTICUT AVENUE SECURITIES TRUST 2023-R04                     | CUSIP: 20754QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1420044 | PA      | $1449779.86   | 0.02%             | 2043-05-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2025-R03                     | CONNECTICUT AVENUE SECURITIES TRUST 2025-R03                     | CUSIP: 20754VAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1596806 | PA      | $1606478.37   | 0.03%             | 2045-03-25      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2023-R05                     | CONNECTICUT AVENUE SECURITIES TRUST 2023-R05                     | CUSIP: 207942AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1573248 | PA      | $1588409.39   | 0.03%             | 2043-06-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Cross 2025-H4 Mortgage Trust                                     | CROSS 2025-H4 MORTGAGE TRUST                                     | CUSIP: 22790AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1701053 | PA      | $1713062.25   | 0.03%             | 2070-06-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Cross 2025-H5 Mortgage Trust                                     | CROSS 2025-H5 MORTGAGE TRUST                                     | CUSIP: 227920AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    941000 | PA      | $937297.35    | 0.02%             | 2070-07-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC                               | CYRUSONE DATA CENTERS ISSUER I LLC                               | CUSIP: 23284BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    597000 | PA      | $582503.17    | 0.01%             | 2048-04-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| DBGS 2018-C1 Mortgage Trust                                      | DBGS 2018-C1 MORTGAGE TRUST                                      | CUSIP: 23307DAX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    369622 | PA      | $368166.12    | 0.01%             | 2051-10-15      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| DBGS 2018-C1 Mortgage Trust                                      | DBGS 2018-C1 MORTGAGE TRUST                                      | CUSIP: 23307DAZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $493146.60    | 0.01%             | 2051-10-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust 2023-2                              | DELL EQUIPMENT FINANCE TRUST 2023-2                              | CUSIP: 24703GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1970000 | PA      | $1982608.79   | 0.03%             | 2029-01-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust 2025-1                              | DELL EQUIPMENT FINANCE TRUST 2025-1                              | CUSIP: 24703UAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    935000 | PA      | $946054.13    | 0.02%             | 2031-02-24      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust 2025-1                              | DELL EQUIPMENT FINANCE TRUST 2025-1                              | CUSIP: 24703UAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1380000 | PA      | $1396632.31   | 0.02%             | 2031-02-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust 2024-2                              | DELL EQUIPMENT FINANCE TRUST 2024-2                              | CUSIP: 24704EAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $226558.24    | 0.00%             | 2031-02-24      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust 2024-2                              | DRIVE AUTO RECEIVABLES TRUST 2024-2                              | CUSIP: 26207AAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1685000 | PA      | $1687020.15   | 0.03%             | 2032-05-17      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust 2021-3                              | DRIVE AUTO RECEIVABLES TRUST 2021-3                              | CUSIP: 262081AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3034656 | PA      | $2980926.49   | 0.05%             | 2029-06-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Driven Brands Funding LLC                                        | DRIVEN BRANDS FUNDING LLC                                        | CUSIP: 26208LAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1372131 | PA      | $1366889.85   | 0.02%             | 2049-04-20      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Driven Brands Funding LLC                                        | DRIVEN BRANDS FUNDING LLC                                        | CUSIP: 26209XAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1401409 | PA      | $1339205.53   | 0.02%             | 2051-01-20      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Dryden 53 CLO Ltd                                                | DRYDEN 53 CLO LTD                                                | CUSIP: 26243EAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $996370.07    | 0.02%             | 2031-01-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Dryden 77 CLO Ltd                                                | DRYDEN 77 CLO LTD                                                | CUSIP: 26252VAS0<br>LEI: 254900XGNUOV0Y3IBA68 | Long             | ABS-CBDO         | CORP              | KY        |   2750000 | PA      | $2751611.50   | 0.05%             | 2034-05-20      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-INV2                                                   | EFMT 2025-INV2                                                   | CUSIP: 281914AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1705727 | PA      | $1707988.09   | 0.03%             | 2070-05-26      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Empower CLO 2023-1 Ltd                                           | EMPOWER CLO 2023-1 LTD                                           | CUSIP: 29244CAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2625000 | PA      | $2640499.08   | 0.04%             | 2038-04-25      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Empower CLO 2023-1 Ltd                                           | EMPOWER CLO 2023-1 LTD                                           | CUSIP: 29244CAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249348.84    | 0.00%             | 2038-04-25      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing 2024-4 LLC                            | ENTERPRISE FLEET FINANCING 2024-4 LLC                            | CUSIP: 29374MAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    331000 | PA      | $332769.00    | 0.01%             | 2028-11-20      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing 2025-2 LLC                            | ENTERPRISE FLEET FINANCING 2025-2 LLC                            | CUSIP: 29375TAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1257921.63   | 0.02%             | 2031-12-22      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2022-4                       | EXETER AUTOMOBILE RECEIVABLES TRUST 2022-4                       | CUSIP: 30166BAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1375000 | PA      | $1383076.48   | 0.02%             | 2028-12-15      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2023-4                       | EXETER AUTOMOBILE RECEIVABLES TRUST 2023-4                       | CUSIP: 30166TAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2740000 | PA      | $2762934.35   | 0.05%             | 2028-08-15      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Receivables Trust 2025-1                | EXETER SELECT AUTOMOBILE RECEIVABLES TRUST 2025-1                | CUSIP: 30185AAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1408711.78   | 0.02%             | 2031-08-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Receivables Trust 2025-1                | EXETER SELECT AUTOMOBILE RECEIVABLES TRUST 2025-1                | CUSIP: 30185AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1419644.52   | 0.02%             | 2031-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FREMF 2016-K53 Mortgage Trust                                    | FREMF 2016-K53 MORTGAGE TRUST                                    | CUSIP: 30288LAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $109172.42    | 0.00%             | 2049-03-25      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| FREMF 2016-K59 Mortgage Trust                                    | FREMF 2016-K59 MORTGAGE TRUST                                    | CUSIP: 30295RAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2383000 | PA      | $2342099.86   | 0.04%             | 2049-11-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| FREMF 2019-K736 Mortgage Trust                                   | FREMF 2019-K736 MORTGAGE TRUST                                   | CUSIP: 30298MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    755000 | PA      | $743900.59    | 0.01%             | 2026-07-25      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| FREMF 2020-K737 Mortgage Trust                                   | FREMF 2020-K737 MORTGAGE TRUST                                   | CUSIP: 30300SAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210000 | PA      | $205838.20    | 0.00%             | 2053-01-25      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust 2019-1                                   | FLAGSTAR MORTGAGE TRUST 2019-1                                   | CUSIP: 33852AAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142378 | PA      | $137054.00    | 0.00%             | 2049-10-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Goto Foods Funding LLC                                           | GOTO FOODS FUNDING LLC                                           | CUSIP: 34417MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1048800 | PA      | $1042038.70   | 0.02%             | 2047-04-30      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust 2021-REV2                           | FORD CREDIT AUTO OWNER TRUST 2021-REV2                           | CUSIP: 345285AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $192860.44    | 0.00%             | 2034-05-15      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust 2021-REV2                           | FORD CREDIT AUTO OWNER TRUST 2021-REV2                           | CUSIP: 345285AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1805000 | PA      | $1745328.14   | 0.03%             | 2034-05-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust A                       | FORD CREDIT FLOORPLAN MASTER OWNER TRUST A                       | CUSIP: 34528QJQ8<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |    918000 | PA      | $919210.75    | 0.02%             | 2031-09-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust A                       | FORD CREDIT FLOORPLAN MASTER OWNER TRUST A                       | CUSIP: 34529BAC0<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   3460000 | PA      | $3483059.52   | 0.06%             | 2030-04-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust 2023-B                              | FORD CREDIT AUTO LEASE TRUST 2023-B                              | CUSIP: 34529NAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101043.42    | 0.00%             | 2027-04-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust 2023-B                              | FORD CREDIT AUTO LEASE TRUST 2023-B                              | CUSIP: 34529NAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $278356.18    | 0.00%             | 2028-06-15      | Fixed         | 6.97%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust 2021-REV1                           | FORD CREDIT AUTO OWNER TRUST 2021-REV1                           | CUSIP: 345340AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $390449.84    | 0.01%             | 2033-10-17      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust 2023-REV2                           | FORD CREDIT AUTO OWNER TRUST 2023-REV2                           | CUSIP: 34535CAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    340000 | PA      | $355149.18    | 0.01%             | 2036-02-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust 2023-REV1                           | FORD CREDIT AUTO OWNER TRUST 2023-REV1                           | CUSIP: 34535QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1700000 | PA      | $1735583.21   | 0.03%             | 2035-08-15      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL VIII Ltd                                     | FORTRESS CREDIT BSL VIII LTD                                     | CUSIP: 34962DAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    455000 | PA      | $455182.15    | 0.01%             | 2032-10-20      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL XVIII Ltd                                    | FORTRESS CREDIT BSL XVIII LTD                                    | CUSIP: 34965DAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1755000 | PA      | $1751668.94   | 0.03%             | 2036-04-23      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2024-DNA2                          | FREDDIE MAC STACR REMIC TRUST 2024-DNA2                          | CUSIP: 35564NCW1<br>LEI: 529900GRKKKHILZX4347 | Long             | ABS-MBS          | USGSE             | US        |   3409236 | PA      | $3423612.01   | 0.06%             | 2044-05-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2025-Hqa1                          | FREDDIE MAC STACR REMIC TRUST 2025-HQA1                          | CUSIP: 35564NGZ0<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | USGSE             | US        |   1671653 | PA      | $1670616.62   | 0.03%             | 2045-02-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2025-DNA2                          | FREDDIE MAC STACR REMIC TRUST 2025-DNA2                          | CUSIP: 35564NHY2<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |   3118500 | PA      | $3119656.03   | 0.05%             | 2045-05-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| FREMF 2017-K71 Mortgage Trust                                    | FREMF 2017-K71 MORTGAGE TRUST                                    | CUSIP: 35708WAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1550000 | PA      | $1513921.12   | 0.03%             | 2050-11-25      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                                              | FRONTIER ISSUER LLC                                              | CUSIP: 35910EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1955000 | PA      | $2056252.38   | 0.03%             | 2053-08-20      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                                              | FRONTIER ISSUER LLC                                              | CUSIP: 35910EAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2316869.78   | 0.04%             | 2054-06-20      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| GCAT 2025-NQM1 Trust                                             | GCAT 2025-NQM1 TRUST                                             | CUSIP: 36171GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1682634 | PA      | $1685057.20   | 0.03%             | 2069-11-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2025-2        | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2025-2        | CUSIP: 362549AF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1005209.10   | 0.02%             | 2031-05-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2025-2        | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2025-2        | CUSIP: 362549AG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    710000 | PA      | $713584.65    | 0.01%             | 2032-10-18      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust 2019-GC40                           | GS MORTGAGE SECURITIES TRUST 2019-GC40                           | CUSIP: 36257HBP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    440000 | PA      | $409359.94    | 0.01%             | 2052-07-10      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust 2024-1                     | GM FINANCIAL AUTOMOBILE LEASING TRUST 2024-1                     | CUSIP: 36269FAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    887000 | PA      | $893947.60    | 0.01%             | 2028-03-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Gm Financial Automobile Leasing Trust 2025-2                     | GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-2                     | CUSIP: 362962AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1259178.63   | 0.02%             | 2029-04-20      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Gm Financial Automobile Leasing Trust 2025-2                     | GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-2                     | CUSIP: 362962AG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1209170.40   | 0.02%             | 2029-10-22      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Galaxy XX CLO Ltd                                                | GALAXY XX CLO LTD                                                | CUSIP: 36320MAS7<br>LEI: 549300S1CAKZT00VQL17 | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2102205.11   | 0.04%             | 2031-04-20      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| GCAT 2023-INV1 Trust                                             | GCAT 2023-INV1 TRUST                                             | CUSIP: 36830QAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    618590 | PA      | $622311.80    | 0.01%             | 2053-08-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO 76 B Ltd                              | GOLUB CAPITAL PARTNERS CLO 76 B LTD                              | CUSIP: 38180BAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $249517.98    | 0.00%             | 2037-10-25      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Static 2024-1 Ltd                         | GOLUB CAPITAL PARTNERS STATIC 2024-1 LTD                         | CUSIP: 381929AQ1<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2100000.00   | 0.04%             | 2035-07-20      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Grace Trust 2020-GRCE                                            | GRACE TRUST 2020-GRCE                                            | CUSIP: 38406JAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1491374.64   | 0.02%             | 2040-12-10      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                          | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                          | CUSIP: 403956AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1400875.00   | 0.02%             | 2037-05-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                          | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                          | CUSIP: 403956AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $349890.63    | 0.01%             | 2037-05-15      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| HOMES 2025-NQM2 Trust                                            | HOMES 2025-NQM2 TRUST                                            | CUSIP: 403966AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1696835 | PA      | $1699741.60   | 0.03%             | 2070-02-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Halseypoint CLO 7 LTD                                            | HALSEYPOINT CLO 7 LTD                                            | CUSIP: 40638LAL3<br>LEI: 5493000LI3XMVBCJEF82 | Long             | ABS-CBDO         | CORP              | JE        |   1750000 | PA      | $1750000.00   | 0.03%             | 2038-07-20      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Halseypoint Clo 6 Ltd                                            | HALSEYPOINT CLO 6 LTD                                            | CUSIP: 40639GAN9<br>LEI: 5493001PG85K1980W896 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001353.13   | 0.02%             | 2038-01-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Harbor Park CLO 18-1 Ltd                                         | HARBOR PARK CLO 18-1 LTD                                         | CUSIP: 41154XAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1290000 | PA      | $1292859.32   | 0.02%             | 2031-01-20      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Hardee s Funding LLC                                             | HARDEE'S FUNDING LLC                                             | CUSIP: 411707AH5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4202000 | PA      | $3996017.12   | 0.07%             | 2050-12-20      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust 2020-A                              | HILTON GRAND VACATIONS TRUST 2020-A                              | CUSIP: 43285HAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     96358 | PA      | $95267.69     | 0.00%             | 2039-02-25      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| HOMES 2025-AFC2 Trust                                            | HOMES 2025-AFC2 TRUST                                            | CUSIP: 43761YAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    870000 | PA      | $869997.83    | 0.01%             | 2060-06-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables 2025-2 Owner Trust                        | HONDA AUTO RECEIVABLES 2025-2 OWNER TRUST                        | CUSIP: 437921AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1005306.10   | 0.02%             | 2031-08-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust 2023-2                                     | HPEFS EQUIPMENT TRUST 2023-2                                     | CUSIP: 44328UAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215000 | PA      | $218448.06    | 0.00%             | 2031-07-21      | Fixed         | 6.97%                 | No            |                  2 | On Loan: No      |
| Huntington Bank Auto Credit-Linked Notes Series 2024-1           | HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 2024-1           | CUSIP: 44644NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    733727 | PA      | $746198.12    | 0.01%             | 2032-05-20      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Hudson Yards 2025-SPRL Mortgage Trust                            | HUDSON YARDS 2025-SPRL MORTGAGE TRUST                            | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1546277.25   | 0.03%             | 2040-01-13      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust 2025-B                   | HYUNDAI AUTO LEASE SECURITIZATION TRUST 2025-B                   | CUSIP: 44935DAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1058725.40   | 0.02%             | 2029-04-16      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust 2025-B                   | HYUNDAI AUTO LEASE SECURITIZATION TRUST 2025-B                   | CUSIP: 44935DAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1061527.22   | 0.02%             | 2029-08-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                   | HYUNDAI AUTO RECEIVABLES TRUST 2025-B                            | CUSIP: 44935XAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1766353.40   | 0.03%             | 2032-07-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes Series 2025-1                     | CHASE AUTO CREDIT LINKED NOTES SERIES 2025-1                     | CUSIP: 46591HCT5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2100000 | PA      | $2100000.00   | 0.04%             | 2033-02-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-DSC1                        | JP MORGAN MORTGAGE TRUST SERIES 2025-DSC1                        | CUSIP: 46593TAA0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1711755 | PA      | $1723039.07   | 0.03%             | 2065-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Jack in the Box Funding LLC                                      | JACK IN THE BOX FUNDING LLC                                      | CUSIP: 466365AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2066350 | PA      | $1992531.30   | 0.03%             | 2052-02-26      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2016-NINE | J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2016-NINE | CUSIP: 46646GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    360000 | PA      | $351000.47    | 0.01%             | 2038-09-06      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2020-609M | J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2020-609M | CUSIP: 46652RAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2350000 | PA      | $2338250.00   | 0.04%             | 2033-10-15      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Lstar Commercial Mortgage Trust 2016-4                           | LSTAR COMMERCIAL MORTGAGE TRUST 2016-4                           | CUSIP: 50219QAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $689340.68    | 0.01%             | 2049-03-10      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| MED Commercial Mortgage Trust 2024-MOB                           | MED COMMERCIAL MORTGAGE TRUST 2024-MOB                           | CUSIP: 55287BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    831608 | PA      | $828285.39    | 0.01%             | 2041-05-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC 2023-A                                | MMAF EQUIPMENT FINANCE LLC 2023-A                                | CUSIP: 55317WAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    649000 | PA      | $663996.25    | 0.01%             | 2038-12-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| M&T Equipment 2025-LEAF1 Notes                                   | M&T EQUIPMENT 2025-LEAF1 NOTES                                   | CUSIP: 55340QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1735000 | PA      | $1758120.61   | 0.03%             | 2029-09-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust 2023-2                            | MSWF COMMERCIAL MORTGAGE TRUST 2023-2                            | CUSIP: 55361AAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    330000 | PA      | $353409.84    | 0.01%             | 2056-12-15      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                                                   | MVW 2020-1 LLC                                                   | CUSIP: 55400EAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     47533 | PA      | $46869.38     | 0.00%             | 2037-10-20      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| MVW 2023-2 LLC                                                   | MVW 2023-2 LLC                                                   | CUSIP: 55400WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    512175 | PA      | $523938.22    | 0.01%             | 2040-11-20      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XXXV Ltd                                    | MADISON PARK FUNDING XXXV LTD                                    | CUSIP: 55819MAU0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2501216.65   | 0.04%             | 2032-04-20      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XLV Ltd                                     | MADISON PARK FUNDING XLV LTD                                     | CUSIP: 55820BAU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    355000 | PA      | $355123.98    | 0.01%             | 2034-07-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XXIII Ltd                                   | MADISON PARK FUNDING XXIII LTD                                   | CUSIP: 55820TAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1151035.52   | 0.02%             | 2031-07-27      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XXXIX Ltd                                   | MADISON PARK FUNDING XXXIX LTD                                   | CUSIP: 55821LAL8<br>LEI: 254900K0MU6TXERK4I83 | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1300450.71   | 0.02%             | 2034-10-22      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Manhattan West 2020-1MW Mortgage Trust                           | MANHATTAN WEST 2020-1MW MORTGAGE TRUST                           | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1720000 | PA      | $1626597.12   | 0.03%             | 2039-09-10      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust 2025-A                            | MERCEDES-BENZ AUTO LEASE TRUST 2025-A                            | CUSIP: 58768YAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1730000 | PA      | $1756381.29   | 0.03%             | 2031-02-18      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Milos CLO Ltd                                                    | MILOS CLO LTD                                                    | CUSIP: 60162PAG7<br>LEI: 254900GFWI4EEB8IJS18 | Long             | ABS-CBDO         | CORP              | KY        |   2350000 | PA      | $2352077.07   | 0.04%             | 2030-10-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32      | MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 2016-C32      | CUSIP: 61691GAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $444321.68    | 0.01%             | 2049-12-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| MVW 2025-1 LLC                                                   | MVW 2025-1 LLC                                                   | CUSIP: 627924AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    993935 | PA      | $1003595.00   | 0.02%             | 2042-09-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| MVW 2025-1 LLC                                                   | MVW 2025-1 LLC                                                   | CUSIP: 627924AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2315965 | PA      | $2333589.18   | 0.04%             | 2042-09-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NMEF Funding 2024-A LLC                                          | NMEF FUNDING 2024-A LLC                                          | CUSIP: 62919UAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    359894 | PA      | $361469.33    | 0.01%             | 2031-12-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NMEF Funding 2025-A LLC                                          | NMEF FUNDING 2025-A LLC                                          | CUSIP: 62919VAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    590000 | PA      | $590233.29    | 0.01%             | 2032-07-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2023-A                 | NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2023-A                 | CUSIP: 638961AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1334826 | PA      | $1364072.07   | 0.02%             | 2071-10-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Navistar Financial Dealer Note Master Owner Trust                | NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST                | CUSIP: 63938PBW8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1267000 | PA      | $1277299.19   | 0.02%             | 2029-04-25      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2021-G                 | NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2021-G                 | CUSIP: 63942KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1297529.63   | 0.02%             | 2070-04-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust 2025-A                              | NAVIENT EDUCATION LOAN TRUST 2025-A                              | CUSIP: 63943EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $899845.74    | 0.02%             | 2055-07-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust 2025-A                              | NAVIENT EDUCATION LOAN TRUST 2025-A                              | CUSIP: 63943EAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $899855.28    | 0.02%             | 2055-07-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2021-C                                 | NELNET STUDENT LOAN TRUST 2021-C                                 | CUSIP: 64035GAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1972420 | PA      | $1843957.22   | 0.03%             | 2062-04-20      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables 2025-A Owner Trust                       | NISSAN AUTO RECEIVABLES 2025-A OWNER TRUST                       | CUSIP: 65481GAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    815000 | PA      | $823380.24    | 0.01%             | 2031-10-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Northwoods Capital XII-B Ltd                                     | NORTHWOODS CAPITAL XII-B LTD                                     | CUSIP: 66858CAQ0<br>LEI: 549300R06FSYRU75ZW78 | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2097141.54   | 0.04%             | 2031-06-15      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| OZLM Funding II Ltd                                              | OZLM FUNDING II LTD                                              | CUSIP: 67108BCJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1750000.00   | 0.03%             | 2037-07-30      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM7 Trust                                              | OBX 2025-NQM7 TRUST                                              | CUSIP: 67121DAA2<br>LEI: 2549008GB179CC65SK60 | Long             | ABS-MBS          | CORP              | US        |   2035578 | PA      | $2048669.86   | 0.03%             | 2055-05-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM5 Trust                                              | OBX 2024-NQM5 TRUST                                              | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |   1642515 | PA      | $1653327.14   | 0.03%             | 2064-01-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM6 Trust                                              | OBX 2025-NQM6 TRUST                                              | CUSIP: 67448UAA0<br>LEI: 254900W46UQEWQMYYZ02 | Long             | ABS-MBS          | CORP              | US        |   1540539 | PA      | $1546643.72   | 0.03%             | 2065-03-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| OBX 2020-EXP3 Trust                                              | OBX 2020-EXP3 TRUST                                              | CUSIP: 67448WBC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2522595 | PA      | $2511424.45   | 0.04%             | 2060-01-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust 2022-1                                  | OCTANE RECEIVABLES TRUST 2022-1                                  | CUSIP: 67571EAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    230000 | PA      | $230144.56    | 0.00%             | 2028-07-20      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 49 Ltd                               | OCTAGON INVESTMENT PARTNERS 49 LTD                               | CUSIP: 67578FAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1790000 | PA      | $1799905.45   | 0.03%             | 2037-04-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust 2024-RVM1                               | OCTANE RECEIVABLES TRUST 2024-RVM1                               | CUSIP: 67579FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    822367 | PA      | $830274.71    | 0.01%             | 2046-01-22      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| 1345T 2025-AOA                                                   | 1345T 2025-AOA                                                   | CUSIP: 68271CAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $500623.00    | 0.01%             | 2030-06-15      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| 1345T 2025-AOA                                                   | 1345T 2025-AOA                                                   | CUSIP: 68271CAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1201495.32   | 0.02%             | 2030-06-15      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables 2025-1 LLC                            | PEAC SOLUTIONS RECEIVABLES 2025-1 LLC                            | CUSIP: 69392HAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $111625.04    | 0.00%             | 2032-07-20      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables 2024-1 LLC                            | PEAC SOLUTIONS RECEIVABLES 2024-1 LLC                            | CUSIP: 69433BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1349278 | PA      | $1359693.18   | 0.02%             | 2027-06-21      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO 2021-3 Ltd                                     | PALMER SQUARE CLO 2021-3 LTD                                     | CUSIP: 69688FAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    545000 | PA      | $545000.00    | 0.01%             | 2035-01-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding 2022-4 Ltd                            | PALMER SQUARE LOAN FUNDING 2022-4 LTD                            | CUSIP: 69702YAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1185000 | PA      | $1185018.88   | 0.02%             | 2031-07-24      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer LLC                                 | PLANET FITNESS MASTER ISSUER LLC                                 | CUSIP: 72703PAD5<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |    483750 | PA      | $471070.43    | 0.01%             | 2051-12-05      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust 2025-INV5                                         | PMT LOAN TRUST 2025-INV5                                         | CUSIP: 729907AB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    981961 | PA      | $990937.52    | 0.02%             | 2056-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner Trust 2025-1                      | PORSCHE INNOVATIVE LEASE OWNER TRUST 2025-1                      | CUSIP: 73329KAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1730000 | PA      | $1747790.97   | 0.03%             | 2030-11-20      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Post Road Equipment Finance 2025-1 LLC                           | POST ROAD EQUIPMENT FINANCE 2025-1 LLC                           | CUSIP: 73747LAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2025502.20   | 0.03%             | 2031-05-15      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| T Rowe Price High Yield Fund Inc                                 | T ROWE PRICE HIGH YIELD FUND INC                                 | CUSIP: 741481709<br>LEI: 2F9VPFCSWR3EU5WBPH73 | Long             | EC               | RF                | US        | 138331305 | NS      | $828604517.71 | 13.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Progress Residential Trust                                       | PROGRESS RESIDENTIAL TRUST                                       | CUSIP: 74333HAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2042500 | PA      | $1987710.96   | 0.03%             | 2038-07-17      | Fixed         | 2.42%                 | No            |                  2 | On Loan: No      |
| Progress Residential 2021-SFR8 Trust                             | PROGRESS RESIDENTIAL 2021-SFR8 TRUST                             | CUSIP: 74333TAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $580107.54    | 0.01%             | 2038-10-17      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Progress Residential 2021-SFR8 Trust                             | PROGRESS RESIDENTIAL 2021-SFR8 TRUST                             | CUSIP: 74333TAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1820000 | PA      | $1763643.70   | 0.03%             | 2038-10-17      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Progress Residential 2021-SFR3                                   | PROGRESS RESIDENTIAL 2021-SFR3                                   | CUSIP: 74333VAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1725517.85   | 0.03%             | 2026-05-17      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Progress Residential 2025-SFR2 Trust                             | PROGRESS RESIDENTIAL 2025-SFR2 TRUST                             | CUSIP: 74334GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1875000 | PA      | $1765214.81   | 0.03%             | 2042-04-17      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES9                                    | RCKT MORTGAGE TRUST 2024-CES9                                    | CUSIP: 749426AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    138222 | PA      | $138811.02    | 0.00%             | 2044-12-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| ROCK Trust 2024-CNTR                                             | ROCK TRUST 2024-CNTR                                             | CUSIP: 74970WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2061592.80   | 0.03%             | 2041-11-13      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| RR 18 Ltd                                                        | RR 18 LTD                                                        | CUSIP: 749752AE1<br>LEI: 54930003V8ISBLDELD80 | Long             | ABS-CBDO         | CORP              | KY        |    620000 | PA      | $620067.09    | 0.01%             | 2034-10-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Regatta XIII Funding Ltd                                         | REGATTA XIII FUNDING LTD                                         | CUSIP: 75888FAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1720000 | PA      | $1719992.14   | 0.03%             | 2031-07-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Regatta XIV Funding Ltd                                          | REGATTA XIV FUNDING LTD                                          | CUSIP: 75888MAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $650000.00    | 0.01%             | 2031-10-25      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Regatta XVI Funding Ltd                                          | REGATTA XVI FUNDING LTD                                          | CUSIP: 75888TAS4<br>LEI: 254900XPJFGKL5R4O429 | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $645680.43    | 0.01%             | 2033-01-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO 2022-2 Ltd                                    | ROCKFORD TOWER CLO 2022-2 LTD                                    | CUSIP: 77340LAR1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    875000 | PA      | $878809.82    | 0.01%             | 2035-10-20      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO 2019-2 Ltd                                    | ROCKFORD TOWER CLO 2019-2 LTD                                    | CUSIP: 77341GAU4<br>LEI: 549300IG5M07NI4QKK80 | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2094750.00   | 0.03%             | 2032-08-20      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| T Rowe Price Emerging Markets Corporate Bond Fund                | T ROWE PRICE EMERGING MARKETS CORPORATE BOND FUND                | CUSIP: 77956H146<br>LEI: JPXYPBZPFL7E5KI10Q36 | Long             | EC               | RF                | US        |  12061128 | NS      | $111565434.46 | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Dynamic Credit Fund                                 | T ROWE PR DYN CRDT-Z                                             | CUSIP: 77956H153<br>LEI: 549300WMBCO7MBYMNE44 | Long             | EC               | RF                | US        |  34244226 | NS      | $303061400.46 | 5.06%             |  |  |  | No            |                  2 | On Loan: No      |
| T Rowe Price US Treasury Long-Term Index Fund                    | T ROWE PRICE US TREASURY LONG-TERM INDEX FUND                    | CUSIP: 77957T701<br>LEI: 81MQEQSHGI5PN6BWN277 | Long             | EC               | RF                | US        |  20649064 | NS      | $148053792.22 | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price US Treasury Money Fund Inc                          | T ROWE PRICE US TREASURY MONEY FUND INC                          | CUSIP: 77957T800<br>LEI: 5493009ZDCM2JOJCUS84 | Long             | STIV             | RF                | US        | 196224563 | NS      | $196224562.98 | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SCF Equipment Leasing 2022-2 LLC                                 | SCF EQUIPMENT LEASING 2022-2 LLC                                 | CUSIP: 78397WAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    645000 | PA      | $648429.47    | 0.01%             | 2032-08-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust 2023-1                 | SFS AUTO RECEIVABLES SECURITIZATION TRUST 2023-1                 | CUSIP: 78398AAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380000 | PA      | $390468.39    | 0.01%             | 2031-02-20      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Leasing 2023-1 LLC                                 | SCF EQUIPMENT LEASING 2023-1 LLC                                 | CUSIP: 784024AE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1685000 | PA      | $1750583.57   | 0.03%             | 2033-08-22      | Fixed         | 6.77%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Lease Trust 2024-A                                     | SBNA AUTO LEASE TRUST 2024-A                                     | CUSIP: 78414SAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2745000 | PA      | $2761619.88   | 0.05%             | 2029-01-22      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| SEB Funding LLC                                                  | SEB FUNDING LLC                                                  | CUSIP: 78433DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    573562 | PA      | $562861.20    | 0.01%             | 2052-01-30      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust 2024-1                 | SFS AUTO RECEIVABLES SECURITIZATION TRUST 2024-1                 | CUSIP: 78435VAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30416.91     | 0.00%             | 2031-01-21      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust 2016-1 LLC                                   | SCF EQUIPMENT TRUST 2016-1 LLC                                   | CUSIP: 78437DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $163212.43    | 0.00%             | 2033-11-21      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2021-A                          | SMB PRIVATE EDUCATION LOAN TRUST 2021-A                          | CUSIP: 78448YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1734875 | PA      | $1724888.09   | 0.03%             | 2053-01-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| SMRT 2022-MINI                                                   | SMRT 2022-MINI                                                   | CUSIP: 78457JAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    241000 | PA      | $238590.00    | 0.00%             | 2039-01-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Sabey Data Center Issuer LLC                                     | SABEY DATA CENTER ISSUER LLC                                     | CUSIP: 78520EAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    785000 | PA      | $761027.51    | 0.01%             | 2046-06-20      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust 2025-NQM2              | SANTANDER MORTGAGE ASSET RECEIVABLE TRUST 2025-NQM2              | CUSIP: 802638AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1704204 | PA      | $1716667.87   | 0.03%             | 2065-02-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes Series 2024-B            | SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2024-B            | CUSIP: 80280BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000103 | PA      | $1005439.60   | 0.02%             | 2033-01-18      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receivables Trust 2021-A                 | SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-A                 | CUSIP: 80282YAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1731722.48   | 0.03%             | 2027-03-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust 2024-2                    | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-2                    | CUSIP: 80286YAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2220000 | PA      | $2254551.86   | 0.04%             | 2029-07-16      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes Series 2023-B            | SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2023-B            | CUSIP: 80290CCD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2143623 | PA      | $2170704.23   | 0.04%             | 2033-12-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes Series 2023-B            | SANTANDER BANK AUTO CREDIT-LINKED NOTES SERIES 2023-B            | CUSIP: 80290CCE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    635172 | PA      | $644059.43    | 0.01%             | 2033-12-15      | Fixed         | 8.41%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust 2025-B                   | SECURITIZED TERM AUTO RECEIVABLES TRUST 2025-B                   | CUSIP: 81378WAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   1220000 | PA      | $1220000.00   | 0.02%             | 2032-12-29      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust 2025-B                   | SECURITIZED TERM AUTO RECEIVABLES TRUST 2025-B                   | CUSIP: 81378WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   1220000 | PA      | $1220000.00   | 0.02%             | 2032-12-29      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ServiceMaster Funding LLC                                        | SERVICEMASTER FUNDING LLC                                        | CUSIP: 81761TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    122260 | PA      | $113577.41    | 0.00%             | 2051-01-30      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Sierra Timeshare 2022-1 Receivables Funding LLC                  | SIERRA TIMESHARE 2022-1 RECEIVABLES FUNDING LLC                  | CUSIP: 82652TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    455069 | PA      | $447288.66    | 0.01%             | 2038-10-20      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Sierra Timeshare 2022-3 Receivables Funding LLC                  | SIERRA TIMESHARE 2022-3 RECEIVABLES FUNDING LLC                  | CUSIP: 826934AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    141762 | PA      | $145065.92    | 0.00%             | 2039-07-20      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| Sierra Timeshare 2024-1 Receivables Funding LLC                  | SIERRA TIMESHARE 2024-1 RECEIVABLES FUNDING LLC                  | CUSIP: 826935AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    955690 | PA      | $973748.32    | 0.02%             | 2043-01-20      | Fixed         | 8.02%                 | No            |                  2 | On Loan: No      |
| Sierra Timeshare 2023-3 Receivables Funding LLC                  | SIERRA TIMESHARE 2023-3 RECEIVABLES FUNDING LLC                  | CUSIP: 826944AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42062 | PA      | $43348.25     | 0.00%             | 2040-09-20      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2019-B                          | SMB PRIVATE EDUCATION LOAN TRUST 2019-B                          | CUSIP: 83192CAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121049 | PA      | $121105.67    | 0.00%             | 2037-06-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2025-A                          | SMB PRIVATE EDUCATION LOAN TRUST 2025-A                          | CUSIP: 83207EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1727716 | PA      | $1746902.72   | 0.03%             | 2054-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Sonic Capital LLC                                                | SONIC CAPITAL LLC                                                | CUSIP: 83546DAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1903333 | PA      | $1862652.82   | 0.03%             | 2050-01-20      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO IX Ltd                                           | SOUND POINT CLO IX LTD                                           | CUSIP: 83609GBN4<br>LEI: 549300W2FX6HEXN27U70 | Long             | ABS-CBDO         | CORP              | KY        |    799550 | PA      | $800326.87    | 0.01%             | 2032-07-20      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| SREIT Trust 2021-PALM                                            | SREIT TRUST 2021-PALM                                            | CUSIP: 85237AAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $746718.75    | 0.01%             | 2034-10-15      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwritten Enhanced Lease Trust 2025-A    | STELLANTIS FINANCIAL UNDERWRITTEN ENHANCED LEASE TRUST 2025-A    | CUSIP: 858928AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1695000 | PA      | $1704797.27   | 0.03%             | 2029-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwritten Enhanced Lease Trust 2025-A    | STELLANTIS FINANCIAL UNDERWRITTEN ENHANCED LEASE TRUST 2025-A    | CUSIP: 858928AF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003766.80   | 0.02%             | 2029-04-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwritten Enhanced Lease Trust 2025-A    | STELLANTIS FINANCIAL UNDERWRITTEN ENHANCED LEASE TRUST 2025-A    | CUSIP: 858928AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    560000 | PA      | $561779.74    | 0.01%             | 2029-08-20      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Funding LLC                                       | SYNCHRONY CARD FUNDING LLC                                       | CUSIP: 87166PAQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1720000 | PA      | $1735975.70   | 0.03%             | 2031-05-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Symphony CLO 43 Ltd                                              | SYMPHONY CLO 43 LTD                                              | CUSIP: 87170BAA4<br>LEI: 254900QCSPTCYRSY3N68 | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1760508.23   | 0.03%             | 2037-04-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| T Rowe Price Limited Duration Inflation Focused Bond Fund        | T ROWE PRICE LIMITED DURATION INFLATION FOCUSED BOND FUND        | CUSIP: 872798301<br>LEI: 5493009ZRV6DHHWWGU69 | Long             | EC               | RF                | US        |  23848032 | NS      | $113516632.92 | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Floating Rate Fund                                  | T ROWE PRICE FLOATING RATE FUND                                  | CUSIP: 87279B403<br>LEI: 55EVHYN9ZAYVXIDNQB12 | Long             | EC               | RF                | US        |  64144504 | NS      | $593978102.70 | 9.92%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Dynamic Global Bond Fund                            | T ROWE PRICE DYNAMIC GLOBAL BOND FUND                            | CUSIP: 87281D702<br>LEI: 549300RBL73KV0WZZF27 | Long             | EC               | RF                | US        |  38387839 | NS      | $297889633.94 | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Emerging Markets Local Currency Bond Fund           | T ROWE PRICE EMERGING MARKETS LOCAL CURRENCY BOND FUND           | CUSIP: 87281D769<br>LEI: 308254AVG0WE2QK20V13 | Long             | EC               | RF                | US        |  35202139 | NS      | $174954630.56 | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Emerging Markets Bond Fund                          | T ROWE PRICE EMERGING MARKETS BOND FUND                          | CUSIP: 87281D801<br>LEI: 515326IHLDOILEO6ED43 | Long             | EC               | RF                | US        |  45869254 | NS      | $427960139.48 | 7.15%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price International Bond Fund - USD Hedged                | T ROWE PRICE INTERNATIONAL BOND FUND - USD HEDGED                | CUSIP: 87281D850<br>LEI: 549300A3CV9FBEEC1242 | Long             | EC               | RF                | US        |  42784660 | NS      | $366664534.77 | 6.12%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price International Bond Fund                             | T ROWE PRICE INTERNATIONAL BOND FUND                             | CUSIP: 87281D868<br>LEI: C339HPVTHLLM709WSU55 | Long             | EC               | RF                | US        |   9017256 | NS      | $66817864.66  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price QM US Bond ETF                                      | T ROWE PRICE QM US BOND ETF                                      | CUSIP: 87283Q602<br>LEI: 549300O4W4YA5BX4VR45 | Long             | EC               | RF                | US        |  14700001 | NS      | $627351942.68 | 10.48%            |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Total Return ETF                                    | T ROWE PRICE TOTAL RETURN ETF                                    | CUSIP: 87283Q800<br>LEI: 549300YYO0GDGZ739W96 | Long             | EC               | RF                | US        |  10500001 | NS      | $426201340.59 | 7.12%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price US High Yield ETF                                   | T ROWE PRICE US HIGH YIELD ETF                                   | CUSIP: 87283Q875<br>LEI: 549300BA4BIBITWKOB05 | Long             | EC               | RF                | US        |  13383501 | NS      | $699257145.20 | 11.68%            |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price US Treasury Intermediate Index Fund                 | T ROWE PRICE US TREASURY INTERMEDIATE INDEX FUND                 | CUSIP: 87284C107<br>LEI: PLLLPNEGTDFISEIK5Y26 | Long             | EC               | RF                | US        |     99657 | NS      | $509246.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Short-Term Bond Fund Inc                            | T ROWE PRICE SHORT-TERM BOND FUND INC                            | CUSIP: 87284F100<br>LEI: O3EF15Z749ITOPZMGX97 | Long             | EC               | RF                | US        |  33250533 | NS      | $154282471.09 | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Inflation Protected Bond Fund Inc                   | T ROWE PRICE INFLATION PROTECTED BOND FUND INC                   | CUSIP: 87284N103<br>LEI: QTPF0SBNUVQ114GUHO71 | Long             | EC               | RF                | US        |  11228962 | NS      | $117567227.81 | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TIAA CLO IV Ltd                                                  | TIAA CLO IV LTD                                                  | CUSIP: 88631YAQ0<br>LEI: 5493000Q4E256SBMCY29 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1251829.43   | 0.02%             | 2032-01-20      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2017-3                                 | TOWD POINT MORTGAGE TRUST 2017-3                                 | CUSIP: 89169DAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    484239 | PA      | $475468.94    | 0.01%             | 2057-07-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2017-1                                 | TOWD POINT MORTGAGE TRUST 2017-1                                 | CUSIP: 89173FAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    157558 | PA      | $154463.62    | 0.00%             | 2056-10-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2022-4                                 | TOWD POINT MORTGAGE TRUST 2022-4                                 | CUSIP: 89180YAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1647762 | PA      | $1575628.00   | 0.03%             | 2062-09-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2025-1                                 | TOWD POINT MORTGAGE TRUST 2025-1                                 | CUSIP: 89190KAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1740000 | PA      | $1721545.39   | 0.03%             | 2065-06-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note Trust 2025-1                      | TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2025-1                      | CUSIP: 891950AA5<br>LEI: 254900QVX5SBHB37FT67 | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1418683.70   | 0.02%             | 2038-05-25      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables 2025-B Owner Trust                       | TOYOTA AUTO RECEIVABLES 2025-B OWNER TRUST                       | CUSIP: 89231HAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1207383.36   | 0.02%             | 2029-11-15      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables 2025-B Owner Trust                       | TOYOTA AUTO RECEIVABLES 2025-B OWNER TRUST                       | CUSIP: 89231HAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $455282.24    | 0.01%             | 2030-06-17      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| US Bank NA                                                       | US BANK NA                                                       | CUSIP: 90357PAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    842427 | PA      | $852388.66    | 0.01%             | 2032-08-25      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| USB Auto Owner Trust 2025-1                                      | USB AUTO OWNER TRUST 2025-1                                      | CUSIP: 90367VAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1215000 | PA      | $1226700.81   | 0.02%             | 2031-03-17      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                 | UNITED STATES TREASURY NOTE/BOND                                 | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4725000 | PA      | $4769296.88   | 0.08%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Verdant Receivables 2024-1 LLC                                   | VERDANT RECEIVABLES 2024-1 LLC                                   | CUSIP: 92339MAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    734622 | PA      | $746490.17    | 0.01%             | 2031-12-12      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                             | VERIZON MASTER TRUST                                             | CUSIP: 92348KCK7<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    960000 | PA      | $985076.83    | 0.02%             | 2031-12-22      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust Series 2024-5                               | VERIZON MASTER TRUST SERIES 2024-5                               | CUSIP: 92348KDB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $292217.03    | 0.00%             | 2032-06-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust Series 2024-5                               | VERIZON MASTER TRUST SERIES 2024-5                               | CUSIP: 92348KDC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    125000 | PA      | $127371.91    | 0.00%             | 2032-06-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                             | VERIZON MASTER TRUST                                             | CUSIP: 92348KDH3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $174558.91    | 0.00%             | 2030-08-20      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                             | VERIZON MASTER TRUST                                             | CUSIP: 92348KEJ8<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1399851.46   | 0.02%             | 2031-06-20      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2025-3                                | VERUS SECURITIZATION TRUST 2025-3                                | CUSIP: 924928AA2<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-MBS          | CORP              | US        |   1698289 | PA      | $1706982.14   | 0.03%             | 2070-05-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2023-INV1                             | VERUS SECURITIZATION TRUST 2023-INV1                             | CUSIP: 92539FAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1606313 | PA      | $1605797.10   | 0.03%             | 2068-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2025-2                                | VERUS SECURITIZATION TRUST 2025-2                                | CUSIP: 92540VAA3<br>LEI: 213800TTP1CNX4WER720 | Long             | ABS-MBS          | CORP              | US        |   1636167 | PA      | $1636229.56   | 0.03%             | 2070-03-25      | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |
| Voya CLO 2018-2 Ltd                                              | VOYA CLO 2018-2 LTD                                              | CUSIP: 92917JAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2400000 | PA      | $2402308.58   | 0.04%             | 2031-07-15      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2019-C54                   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2019-C54                   | CUSIP: 95001YAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1380000 | PA      | $1302336.50   | 0.02%             | 2052-12-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2019-C52                   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2019-C52                   | CUSIP: 95002MAX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1395000 | PA      | $1298981.03   | 0.02%             | 2052-08-15      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2024-5C2                   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-5C2                   | CUSIP: 95003UAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1646120 | PA      | $1724033.33   | 0.03%             | 2057-11-15      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding 1 LLC                                 | WHEELS FLEET LEASE FUNDING 1 LLC                                 | CUSIP: 96328GBT3<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |    729755 | PA      | $733813.52    | 0.01%             | 2039-06-21      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| THL Credit Wind River 2019-3 Clo Ltd                             | THL CREDIT WIND RIVER 2019-3 CLO LTD                             | CUSIP: 97314JAN5<br>LEI: 549300QKM4OHZM4I5C40 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4001017.28   | 0.07%             | 2031-04-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust 2025-B                         | WORLD OMNI AUTO RECEIVABLES TRUST 2025-B                         | CUSIP: 98164TAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1013162.80   | 0.02%             | 2031-08-15      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| CBOT 5 YEAR US TREASURY NOTE                                     | US 5YR NOTE (CBT) SEP25                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |        48 | NC      | $44332.41     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 5 YEAR US TREASURY NOTE                                     | US 5YR NOTE (CBT) SEP25                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |        32 | NC      | $29554.94     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 5 YEAR US TREASURY NOTE                                     | US 5YR NOTE (CBT) SEP25                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |       355 | NC      | $327875.13    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 5 YEAR US TREASURY NOTE                                     | US 5YR NOTE (CBT) SEP25                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |        45 | NC      | $41561.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTRA U.S. TREASURY BOND FUTURES                                 | US 2YR NOTE (CBT) SEP25                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |        -1 | NC      | $-32.67       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ULTRA 10-YEAR US TREASURY NOTE FUTURES                           | US 10YR ULTRA FUT SEP25                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |        16 | NC      | $37673.94     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTRA 10-YEAR US TREASURY NOTE FUTURES                           | US 10YR ULTRA FUT SEP25                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |       118 | NC      | $277845.28    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTRA 10-YEAR US TREASURY NOTE FUTURES                           | US 10YR ULTRA FUT SEP25                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |         8 | NC      | $18836.97     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-04

**Name of Applicant:** T. ROWE PRICE SPECTRUM FUND, INC.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President