# EDGAR Filing Document

**Accession Number:** 0001676326
**File Stem:** 0002071691-26-011923
**Filing Date:** 2026-5
**Character Count:** 115285
**Document Hash:** 860ed16bebc7a5a60e22ce730d7b7692
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-011923.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0002071691-26-011923

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley ETF Trust
- **CENTRAL INDEX KEY:** 0001676326

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23820
- **FILM NUMBER:** 261022371

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212.296.1404

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

## Series and Classes Contracts Data

### Eaton Vance Ultra-Short Income ETF (Series ID: S000082248)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000245532 | Eaton Vance Ultra-Short Income ETF | EVSB            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Morgan Stanley ETF Trust

- **b. Investment Company Act file number:** 811-23820

- **c. CIK number of Registrant:** 0001676326

- **d. LEI of Registrant:** 549300HASXQLXGOR9H31

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

  - **Street Address 1:** 1585 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 800-548-7786

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

- **a. Name of Series:** Eaton Vance Ultra-Short Income ETF

- **b. EDGAR series identifier (if any):** S000082248

- **c. LEI of Series:** 254900V7QBF5XYWO0K24

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $191258556.55

**Total Liabilities:** $6109520.85

**Net Assets:** $185149035.70

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3274.25592000 | **1-Year:** 8021.38427600 | **5-Year:** 6154.80207100 | **10-Year:** 59.48804200 | **30-Year:** 0.00000000

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

- **3-Month:** 57.18119400 | **1-Year:** 68.03007200 | **5-Year:** 0.97534400 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000245532 | 0.42%                | 0.28%                | 0.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $26114.66                | $129582.37                                 |
| Month 2  | $333880.93               | $-372633.61                                |
| Month 3  | $-25787.21               | $-633339.79                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| General Motors Financial Co., Inc.         | General Motors Financial Co., Inc.                                                        | CUSIP: 37045XDK9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    580000 | PA      | $576649.36    | 0.31%             | 2026-06-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                       | GNMA, Series 2023-116, Class DF                                                           | CUSIP: 38384EDX0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    499059 | PA      | $502491.61    | 0.27%             | 2053-08-20      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust              | Lendbuzz Securitization Trust, Series 2023-3A, Class A2                                   | CUSIP: 525931AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    651026 | PA      | $661770.65    | 0.36%             | 2028-12-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| NatWest Group plc                          | NatWest Group plc                                                                         | CUSIP: 780097BA8<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    190000 | PA      | $189992.51    | 0.10%             | 2026-04-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| Deutsche Bank AG                           | Deutsche Bank AG                                                                          | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    825000 | PA      | $813838.83    | 0.44%             | 2027-11-16      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| ORL Trust                                  | ORL Trust, Series 2024-GLKS, Class A                                                      | CUSIP: 67120DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    651000 | PA      | $651813.10    | 0.35%             | 2039-12-15      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| DLLMT LLC                                  | DLLMT LLC, Series 2024-1A, Class A2                                                       | CUSIP: 23347AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10972 | PA      | $10978.79     | 0.01%             | 2027-02-22      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| Truist Bank                                | Truist Bank                                                                               | CUSIP: 89788JAF6<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100018.37    | 0.05%             | 2028-07-24      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| EFMT                                       | EFMT, Series 2026-INV2, Class A1F                                                         | CUSIP: 26846TAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    678188 | PA      | $679153.65    | 0.37%             | 2071-02-25      | Floating      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5397, Class FE                                                       | CUSIP: 3137HCFS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    754991 | PA      | $761513.29    | 0.41%             | 2054-04-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust           | OneMain Financial Issuance Trust, Series 2021-1A, Class B                                 | CUSIP: 68269MAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    295000 | PA      | $280831.42    | 0.15%             | 2036-06-16      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| ABN AMRO Bank NV                           | ABN AMRO Bank NV                                                                          | CUSIP: 00084DAL4<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $699709.98    | 0.38%             | 2026-04-18      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5370, Class FB                                                       | CUSIP: 3137HBFP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    606128 | PA      | $612290.78    | 0.33%             | 2054-01-25      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| EPR Properties                             | EPR Properties                                                                            | CUSIP: 26884UAD1<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    963000 | PA      | $959189.00    | 0.52%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                   | Vantage Data Centers LLC, Series 2020-2A, Class A2                                        | CUSIP: 92212KAC0<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |    255000 | PA      | $243620.63    | 0.13%             | 2045-09-15      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| CTR Partnership LP                         | CTR Partnership LP                                                                        | CUSIP: 126458AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $680630.93    | 0.37%             | 2028-06-30      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                       | Royal Bank of Canada                                                                      | CUSIP: 78016HZX1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    975000 | PA      | $976960.07    | 0.53%             | 2027-07-23      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                               | Oracle Corp.                                                                              | CUSIP: 68389XDW2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    770000 | PA      | $760420.61    | 0.41%             | 2029-02-04      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX Corp.                            | TD SYNNEX Corp.                                                                           | CUSIP: 87162WAM2<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |    480000 | PA      | $474776.33    | 0.26%             | 2029-01-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                               | UBS Group AG                                                                              | CUSIP: 902613AS7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    950000 | PA      | $950314.14    | 0.51%             | 2027-08-05      | Variable      | 4.70%                 | Yes           |                  2 | On Loan: No      |
| Skyworks Solutions, Inc.                   | Skyworks Solutions, Inc.                                                                  | CUSIP: 83088MAK8<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |   1318000 | PA      | $1311820.97   | 0.71%             | 2026-06-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| N/A                                        | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $66411.47     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                  | Bank of Nova Scotia (The)                                                                 | CUSIP: 06418GAX5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    807000 | PA      | $805712.55    | 0.44%             | 2030-02-02      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| MMP Capital LLC                            | MMP Capital LLC, Series 2025-A, Class A                                                   | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    242505 | PA      | $244308.10    | 0.13%             | 2031-12-15      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| National Bank of Canada                    | National Bank of Canada                                                                   | CUSIP: 63307A3D5<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |    550000 | PA      | $552285.04    | 0.30%             | 2028-02-01      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                | Capital One Financial Corp.                                                               | CUSIP: 14040HCH6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    715000 | PA      | $703255.12    | 0.38%             | 2027-11-02      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Utah Acquisition Sub, Inc.                 | Utah Acquisition Sub, Inc.                                                                | CUSIP: 62854AAN4<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1612031.94   | 0.87%             | 2026-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| Wingspire Equipment Finance LLC            | Wingspire Equipment Finance LLC, Series 2025-1A, Class A2                                 | CUSIP: 97415CAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    395000 | PA      | $394779.39    | 0.21%             | 2033-09-20      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5483, Class FB                                                       | CUSIP: 3137HHNE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    223260 | PA      | $224787.00    | 0.12%             | 2054-12-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                      | DB Master Finance LLC, Series 2021-1A, Class A2I                                          | CUSIP: 233046AN1<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |    584075 | PA      | $575152.73    | 0.31%             | 2051-11-20      | Fixed         | 2.04%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust           | OneMain Financial Issuance Trust, Series 2022-2A, Class B                                 | CUSIP: 68268VAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1155000 | PA      | $1156452.41   | 0.62%             | 2034-10-14      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| NYO Commercial Mortgage Trust              | NYO Commercial Mortgage Trust, Series 2021-1290, Class A                                  | CUSIP: 62955HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    405000 | PA      | $404379.01    | 0.22%             | 2038-11-15      | Floating      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Centene Corp.                              | Centene Corp.                                                                             | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    555000 | PA      | $545498.23    | 0.29%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                  | Chesapeake Funding II LLC, Series 2024-1A, Class A2                                       | CUSIP: 165183DJ0<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |     72754 | PA      | $72839.05     | 0.04%             | 2036-05-15      | Floating      | 4.44%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.      | NextEra Energy Capital Holdings, Inc.                                                     | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    429000 | PA      | $431204.94    | 0.23%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                  | Ford Motor Credit Co. LLC                                                                 | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    575000 | PA      | $576295.62    | 0.31%             | 2026-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| GNMA                                       | GNMA, Series 2024-43, Class FB                                                            | CUSIP: 38384KNV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    287654 | PA      | $288489.71    | 0.16%             | 2054-03-20      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce         | Canadian Imperial Bank of Commerce                                                        | CUSIP: 13607QWA6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    805000 | PA      | $803287.80    | 0.43%             | 2030-01-29      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| JDE Peet's NV                              | JDE Peet's NV                                                                             | CUSIP: 47216QAB9<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |    220000 | PA      | $214600.33    | 0.12%             | 2027-01-15      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| Rocket Mortgage LLC                        | Rocket Mortgage LLC                                                                       | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    907420 | PA      | $898107.60    | 0.49%             | 2026-10-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                          | HSBC Holdings plc                                                                         | CUSIP: 404280BH1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1285000 | PA      | $1286064.84   | 0.69%             | 2026-11-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| Delta Air Lines, Inc.                      | Delta Air Lines, Inc.                                                                     | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1444142 | PA      | $1442573.37   | 0.78%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Athene Global Funding                      | Athene Global Funding                                                                     | CUSIP: 04685A4E8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $1018036.49   | 0.55%             | 2027-01-07      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| N/A                                        | Forward Foreign Currency Contract                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-5138.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                            | Citigroup, Inc.                                                                           | CUSIP: 172967NA5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    775000 | PA      | $770556.03    | 0.42%             | 2027-06-09      | Variable      | 1.46%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                   | Octane Receivables Trust, Series 2024-3A, Class A2                                        | CUSIP: 67571GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95987 | PA      | $96303.63     | 0.05%             | 2030-05-20      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5410, Class FD                                                       | CUSIP: 3137HCUE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    986526 | PA      | $994043.97    | 0.54%             | 2054-05-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                         | Crown Castle, Inc.                                                                        | CUSIP: 22822VAZ4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1256287.04   | 0.68%             | 2027-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                | Citibank NA                                                                               | CUSIP: 17325FBM9<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400100.79    | 0.22%             | 2027-11-19      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                    | Hyundai Capital America                                                                   | CUSIP: 44891AED5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    651000 | PA      | $644025.95    | 0.35%             | 2029-01-08      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| ACM Auto Trust                             | ACM Auto Trust, Series 2025-1A, Class A                                                   | CUSIP: 00161EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    117134 | PA      | $117132.09    | 0.06%             | 2029-06-20      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5443, Class FA                                                       | CUSIP: 3137HDXH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    486213 | PA      | $489594.90    | 0.26%             | 2054-08-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| BFLD Commercial Mortgage Trust             | BFLD Commercial Mortgage Trust, Series 2025-660F, Class A                                 | CUSIP: 05556QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    460000 | PA      | $460143.15    | 0.25%             | 2042-11-15      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                  | Chesapeake Funding II LLC, Series 2023-2A, Class A1                                       | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    114252 | PA      | $115008.59    | 0.06%             | 2035-10-15      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5397, Class AF                                                       | CUSIP: 3137HCEA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    485680 | PA      | $487653.64    | 0.26%             | 2054-04-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| SoFi Consumer Loan Program Trust           | SoFi Consumer Loan Program Trust, Series 2025-2, Class A                                  | CUSIP: 83407HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    342956 | PA      | $344149.17    | 0.19%             | 2034-06-25      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust              | Lendbuzz Securitization Trust, Series 2024-1A, Class A2                                   | CUSIP: 525935AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    157214 | PA      | $157947.41    | 0.09%             | 2029-08-15      | Fixed         | 6.19%                 | Yes           |                  2 | On Loan: No      |
| Reach ABS Trust                            | Reach ABS Trust, Series 2024-2A, Class A                                                  | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24976 | PA      | $25028.20     | 0.01%             | 2031-07-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)            | Goldman Sachs Group, Inc. (The)                                                           | CUSIP: 38141GZT4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2197000 | PA      | $2197355.87   | 1.19%             | 2027-06-15      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes         | Ally Bank Auto Credit-Linked Notes, Series 2024-B, Class B                                | CUSIP: 02007G4C4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    127559 | PA      | $128432.90    | 0.07%             | 2032-09-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| BHG Securitization Trust                   | BHG Securitization Trust, Series 2022-C, Class B                                          | CUSIP: 08860DAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     26922 | PA      | $26954.27     | 0.01%             | 2035-10-17      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| PRMI Securitization Trust                  | PRMI Securitization Trust, Series 2025-CMG1, Class A1                                     | CUSIP: 74291CAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    366786 | PA      | $367421.10    | 0.20%             | 2055-12-25      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                  | Vistra Operations Co. LLC                                                                 | CUSIP: 92840VAX0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    530000 | PA      | $523955.67    | 0.28%             | 2028-10-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5370, Class FA                                                       | CUSIP: 3137HBFN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    407035 | PA      | $409772.11    | 0.22%             | 2054-01-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust   | Research-Driven Pagaya Motor Asset Trust, Series 2025-4A, Class A2                        | CUSIP: 76089MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    430000 | PA      | $431430.87    | 0.23%             | 2034-04-25      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| STAR Trust                                 | STAR Trust, Series 2025-SFR5, Class A                                                     | CUSIP: 85520CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    424440 | PA      | $424543.99    | 0.23%             | 2042-02-17      | Floating      | 5.13%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                       | GNMA, Series 2024-177, Class FB                                                           | CUSIP: 38384VPZ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    216982 | PA      | $217513.25    | 0.12%             | 2054-10-20      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                    | Hyundai Capital America                                                                   | CUSIP: 44891ADA2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    165000 | PA      | $165329.10    | 0.09%             | 2026-06-24      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                       | FNMA, REMIC, Series 2024-22, Class FG                                                     | CUSIP: 3136BRK89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    238526 | PA      | $239975.79    | 0.13%             | 2054-05-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                            | Citigroup, Inc.                                                                           | CUSIP: 172967NG2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    900000 | PA      | $889266.54    | 0.48%             | 2028-02-24      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust        | Connecticut Avenue Securities Trust, Series 2025-R05, Class 2A1                           | CUSIP: 20753CAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    556572 | PA      | $556916.87    | 0.30%             | 2045-07-25      | Floating      | 4.66%                 | Yes           |                  2 | On Loan: No      |
| Clarus Capital Funding LLC                 | Clarus Capital Funding LLC, Series 2024-1A, Class A2                                      | CUSIP: 18271JAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49490 | PA      | $49611.63     | 0.03%             | 2032-08-20      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                       | GNMA, Series 2023-101, Class FM                                                           | CUSIP: 38384CBT5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    908703 | PA      | $911166.53    | 0.49%             | 2053-07-20      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| FNMA                                       | FNMA, REMIC, Series 2025-75, Class FA                                                     | CUSIP: 3136BXHG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    779598 | PA      | $781732.11    | 0.42%             | 2055-09-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5529, Class AF                                                       | CUSIP: 3137HKU51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    525407 | PA      | $527547.89    | 0.28%             | 2055-03-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| GNMA                                       | GNMA, Series 2025-188, Class FH                                                           | CUSIP: 38385JRV7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    437726 | PA      | $438492.28    | 0.24%             | 2054-08-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                | FIGRE Trust, Series 2025-FL2, Class A1                                                    | CUSIP: 31684TAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    361969 | PA      | $361058.91    | 0.20%             | 2055-11-25      | Variable      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5461, Class FA                                                       | CUSIP: 3137HFW84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    795444 | PA      | $797237.95    | 0.43%             | 2054-10-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                 | J.P. Morgan Mortgage Trust, Series 2023-HE2, Class A1                                     | CUSIP: 46657FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    357070 | PA      | $357996.25    | 0.19%             | 2054-03-20      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Bank of New York Mellon (The)              | Bank of New York Mellon (The)                                                             | CUSIP: 06405LAF8<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |    535000 | PA      | $535049.63    | 0.29%             | 2027-04-20      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| FNMA                                       | FNMA, REMIC, Series 2024-95, Class FA                                                     | CUSIP: 3136BTP31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    416362 | PA      | $419038.94    | 0.23%             | 2054-12-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Air Canada                                 | Air Canada                                                                                | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |   1050000 | PA      | $1045364.88   | 0.56%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust    | Saluda Grade Alternative Mortgage Trust, Series 2025-LOC5, Class A1A                      | CUSIP: 79581XAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    675671 | PA      | $679334.35    | 0.37%             | 2055-10-25      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Verdant Receivables LLC                    | Verdant Receivables LLC, Series 2025-1A, Class A2                                         | CUSIP: 92340GAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    855492 | PA      | $858479.06    | 0.46%             | 2028-03-13      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| Extended Stay America Trust                | Extended Stay America Trust, Series 2025-ESH, Class A                                     | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    665000 | PA      | $665873.28    | 0.36%             | 2042-10-15      | Floating      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Vantage Data Centers Issuer LLC            | Vantage Data Centers Issuer LLC, Series 2021-1A, Class A2                                 | CUSIP: 92212KAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    575000 | PA      | $565351.73    | 0.31%             | 2046-10-15      | Fixed         | 2.17%                 | Yes           |                  2 | On Loan: No      |
| Amur Equipment Finance Receivables XII LLC | Amur Equipment Finance Receivables XII LLC, Series 2023-1A, Class A2                      | CUSIP: 03236YAB1<br>LEI: 5493000K1GV1VHEHGY40 | Long             | ABS-O            | CORP              | US        |     18444 | PA      | $18554.46     | 0.01%             | 2029-12-20      | Fixed         | 6.09%                 | Yes           |                  2 | On Loan: No      |
| Las Vegas Sands Corp.                      | Las Vegas Sands Corp.                                                                     | CUSIP: 517834AE7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   1447000 | PA      | $1442293.78   | 0.78%             | 2026-08-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Alterna Funding III LLC                    | Alterna Funding III LLC, Series 2024-1A, Class A                                          | CUSIP: 02157JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    132203 | PA      | $132368.97    | 0.07%             | 2039-05-16      | Fixed         | 6.26%                 | Yes           |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust              | Lendbuzz Securitization Trust, Series 2024-3A, Class A2                                   | CUSIP: 52609YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49484 | PA      | $49532.85     | 0.03%             | 2029-10-15      | Fixed         | 4.97%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5378, Class FA                                                       | CUSIP: 3137HBKC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    570941 | PA      | $571828.20    | 0.31%             | 2054-02-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Home RE Ltd.                               | Home RE Ltd., Series 2021-2, Class B1                                                     | CUSIP: 43730VAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    555000 | PA      | $567315.34    | 0.31%             | 2034-01-25      | Floating      | 7.81%                 | Yes           |                  2 | On Loan: No      |
| NYO Commercial Mortgage Trust              | NYO Commercial Mortgage Trust, Series 2021-1290, Class A1                                 | CUSIP: 62955HAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    379000 | PA      | $378859.20    | 0.20%             | 2038-11-15      | Floating      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                       | GNMA, Series 2025-134, Class FL                                                           | CUSIP: 38381UEK4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    590755 | PA      | $592322.01    | 0.32%             | 2055-06-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Reach ABS Trust                            | Reach ABS Trust, Series 2026-1A, Class A                                                  | CUSIP: 75526XAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380874 | PA      | $380973.39    | 0.21%             | 2033-02-15      | Fixed         | 4.32%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                               | UBS Group AG                                                                              | CUSIP: 902613AH1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1604000 | PA      | $1586804.69   | 0.86%             | 2027-08-10      | Variable      | 1.49%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust        | Connecticut Avenue Securities Trust, Series 2022-R01, Class 1M1                           | CUSIP: 20754LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     52182 | PA      | $52343.92     | 0.03%             | 2041-12-25      | Floating      | 4.66%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding LLC                      | Taco Bell Funding LLC, Series 2021-1A, Class A2I                                          | CUSIP: 87342RAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    594412 | PA      | $581289.12    | 0.31%             | 2051-08-25      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5386, Class FD                                                       | CUSIP: 3137HBXV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    336610 | PA      | $339096.42    | 0.18%             | 2054-03-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                 | J.P. Morgan Mortgage Trust, Series 2023-HE1, Class A1                                     | CUSIP: 46656UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     52911 | PA      | $53004.72     | 0.03%             | 2053-11-25      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| NMEF Funding LLC                           | NMEF Funding LLC, Series 2025-B, Class A2                                                 | CUSIP: 62919WAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    294477 | PA      | $295508.08    | 0.16%             | 2033-01-18      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| PNC Bank NA                                | PNC Bank NA                                                                               | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   1113000 | PA      | $1113072.65   | 0.60%             | 2027-05-13      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| GNMA                                       | GNMA, Series 2025-2, Class FB                                                             | CUSIP: 38385BP53<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    767312 | PA      | $772849.50    | 0.42%             | 2054-12-20      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                  | OBX Trust, Series 2025-HE1, Class A1                                                      | CUSIP: 67121CAA4<br>LEI: 2549002GJHC7CO92J583 | Long             | ABS-O            | CORP              | US        |   1317323 | PA      | $1322379.06   | 0.71%             | 2055-02-25      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                          | HSBC Holdings plc                                                                         | CUSIP: 404280BK4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    545000 | PA      | $542562.39    | 0.29%             | 2028-03-13      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                         | VICI Properties LP                                                                        | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1670705.20   | 0.90%             | 2026-12-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust              | Lendbuzz Securitization Trust, Series 2025-2A, Class A2                                   | CUSIP: 52611JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    556737 | PA      | $558868.39    | 0.30%             | 2030-05-15      | Fixed         | 5.18%                 | Yes           |                  2 | On Loan: No      |
| Bayer US Finance LLC                       | Bayer US Finance LLC                                                                      | CUSIP: 07274EAH6<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |    340000 | PA      | $343142.90    | 0.19%             | 2026-11-21      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes             | Chase Auto Credit Linked Notes, Series 2025-1, Class B                                    | CUSIP: 46591HCS7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    799861 | PA      | $803140.74    | 0.43%             | 2033-02-25      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GA Global Funding Trust                    | GA Global Funding Trust                                                                   | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    490000 | PA      | $481923.17    | 0.26%             | 2027-01-06      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                      | Bank of America Corp.                                                                     | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44626.22     | 0.02%             | 2027-07-22      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| Alaska Airlines Pass-Through Trust         | Alaska Airlines Pass-Through Trust, Series 2020-1, Class A                                | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    386259 | PA      | $386581.51    | 0.21%             | 2027-08-15      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                | Toronto-Dominion Bank (The)                                                               | CUSIP: 89115KAE0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    625000 | PA      | $621822.78    | 0.34%             | 2028-10-13      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                               | ING Groep NV                                                                              | CUSIP: 456837BF9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1625000 | PA      | $1635210.40   | 0.88%             | 2027-09-11      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                    | American Airlines, Inc.                                                                   | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    365011 | PA      | $365514.90    | 0.20%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Barclays plc                               | Barclays plc                                                                              | CUSIP: 06738ECJ2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    290000 | PA      | $292360.40    | 0.16%             | 2027-09-13      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust              | Lendbuzz Securitization Trust, Series 2023-2A, Class A2                                   | CUSIP: 52608MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     87883 | PA      | $88835.44     | 0.05%             | 2028-10-16      | Fixed         | 7.09%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                       | GNMA, Series 2024-146, Class FE                                                           | CUSIP: 38384W3E3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    785965 | PA      | $790609.60    | 0.43%             | 2064-09-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                 | J.P. Morgan Mortgage Trust, Series 2023-HE3, Class A1                                     | CUSIP: 465985AA7<br>LEI: 5299007DSRZLE19EYU93 | Long             | ABS-O            | CORP              | US        |     27775 | PA      | $27836.17     | 0.02%             | 2054-05-20      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                       | FNMA, REMIC, Series 2023-46, Class FA                                                     | CUSIP: 3136BQLF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    462422 | PA      | $467140.74    | 0.25%             | 2053-10-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes         | Ally Bank Auto Credit-Linked Notes, Series 2024-A, Class B                                | CUSIP: 02007GZ55<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    726688 | PA      | $737550.05    | 0.40%             | 2032-05-17      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| BPR Trust                                  | BPR Trust, Series 2022-SSP, Class A                                                       | CUSIP: 05602HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200408.14    | 0.11%             | 2039-05-15      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Wingspire Equipment Finance LLC            | Wingspire Equipment Finance LLC, Series 2024-1A, Class A2                                 | CUSIP: 97415AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57792 | PA      | $58060.64     | 0.03%             | 2032-09-20      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| Blue Owl Asset Leasing Trust LLC           | Blue Owl Asset Leasing Trust LLC, Series 2024-1A, Class A2                                | CUSIP: 095921AB8<br>LEI: 254900NKIE3UX6A74K45 | Long             | ABS-O            | CORP              | US        |     31267 | PA      | $31373.53     | 0.02%             | 2029-03-15      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| Sonoco Products Co.                        | Sonoco Products Co.                                                                       | CUSIP: 835495AQ5<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    875000 | PA      | $875593.28    | 0.47%             | 2026-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Avtech Equipment Receivables Funding LLC   | Avtech Equipment Receivables Funding LLC, Series 2026-1A, Class A                         | CUSIP: 05452AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    382584 | PA      | $382138.82    | 0.21%             | 2033-02-15      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Healthpeak OP LLC                          | Healthpeak OP LLC                                                                         | CUSIP: 42250PAC7<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1348175.41   | 0.73%             | 2027-02-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| GNMA                                       | GNMA, Series 2024-160, Class FT                                                           | CUSIP: 38384YQU8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1035499 | PA      | $1038357.55   | 0.56%             | 2054-10-20      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group, Inc.            | Jefferies Financial Group, Inc.                                                           | CUSIP: 47233WKS7<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    630000 | PA      | $628042.88    | 0.34%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Apollo Management Holdings LP              | Apollo Management Holdings LP                                                             | CUSIP: 03765HAB7<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |    800000 | PA      | $799985.35    | 0.43%             | 2026-05-27      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| Driven Brands Funding LLC                  | Driven Brands Funding LLC, Series 2020-2A, Class A2                                       | CUSIP: 26209XAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1292848 | PA      | $1214073.51   | 0.66%             | 2051-01-20      | Fixed         | 3.24%                 | Yes           |                  2 | On Loan: No      |
| Marlette Funding Trust                     | Marlette Funding Trust, Series 2024-1A, Class C                                           | CUSIP: 57108VAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $705622.26    | 0.38%             | 2034-07-17      | Fixed         | 6.34%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                               | Oracle Corp.                                                                              | CUSIP: 6840C3JH7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | STIV             | CORP              | US        |    675000 | PA      | $660826.22    | 0.36%             | 2026-09-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                               | Oracle Corp.                                                                              | CUSIP: 6840C3K28<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | STIV             | CORP              | US        |    500000 | PA      | $488580.55    | 0.26%             | 2026-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                          | Wells Fargo & Co.                                                                         | CUSIP: 95000U2F9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3910000 | PA      | $3898990.18   | 2.11%             | 2027-06-17      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust                      | Theorem Funding Trust, Series 2022-3A, Class B                                            | CUSIP: 882925AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    152865 | PA      | $153033.22    | 0.08%             | 2029-04-15      | Fixed         | 8.95%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)            | Goldman Sachs Group, Inc. (The)                                                           | CUSIP: 38141GD76<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1518540.10   | 0.82%             | 2029-01-21      | Floating      | 4.39%                 | No            |                  2 | On Loan: —       |
| Vontier Corp.                              | Vontier Corp.                                                                             | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |   1993000 | PA      | $1993000.00   | 1.08%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Barclays plc                               | Barclays plc                                                                              | CUSIP: 06738EAP0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    825000 | PA      | $825549.38    | 0.45%             | 2026-05-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                             | ACM Auto Trust, Series 2025-2A, Class A                                                   | CUSIP: 00161TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    374456 | PA      | $374991.93    | 0.20%             | 2028-06-20      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5556, Class FA                                                       | CUSIP: 3137HMBS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    840473 | PA      | $843113.74    | 0.46%             | 2055-07-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Trust                   | Oceanview Mortgage Trust, Series 2025-3, Class AF1                                        | CUSIP: 67648CAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1191867 | PA      | $1195015.09   | 0.65%             | 2055-05-25      | Floating      | 4.61%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5391, Class HF                                                       | CUSIP: 3137HBUT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     56844 | PA      | $57334.94     | 0.03%             | 2054-03-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                   | Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   3390514 | NS      | $3390513.60   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Smithfield Foods, Inc.                     | Smithfield Foods, Inc.                                                                    | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |   1471000 | PA      | $1464256.42   | 0.79%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                               | Oracle Corp.                                                                              | CUSIP: 68389XDV4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1397694.77   | 0.75%             | 2029-02-04      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                   | Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   4770323 | NS      | $4770323.00   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Continental Resources, Inc.                | Continental Resources, Inc.                                                               | CUSIP: 212015AU5<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1097251.71   | 0.59%             | 2026-11-15      | Fixed         | 2.27%                 | Yes           |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust          | GLS Auto Select Receivables Trust, Series 2024-1A, Class A2                               | CUSIP: 37988XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21933 | PA      | $22058.53     | 0.01%             | 2030-03-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust        | GS Mortgage-Backed Securities Trust, Series 2025-HE1, Class A1                            | CUSIP: 36272NAA2<br>LEI: 254900RIVK2GCJ08H839 | Long             | ABS-MBS          | CORP              | US        |    481978 | PA      | $482915.44    | 0.26%             | 2055-10-25      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Octane Receivables Trust                   | Octane Receivables Trust, Series 2024-RVM1, Class A                                       | CUSIP: 67579FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     82873 | PA      | $83610.45     | 0.05%             | 2046-01-22      | Fixed         | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                  | Ford Motor Credit Co. LLC                                                                 | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1068617.51   | 0.58%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: —       |
| Hexcel Corp.                               | Hexcel Corp.                                                                              | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    925000 | PA      | $922161.10    | 0.50%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TELUS Corp.                                | TELUS Corp.                                                                               | CUSIP: 87971MBD4<br>LEI: 894500TX134IMF6NW757 | Long             | DBT              | CORP              | CA        |    975000 | PA      | $961969.32    | 0.52%             | 2027-02-16      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5460, Class FA                                                       | CUSIP: 3137HFS63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    596625 | PA      | $599464.28    | 0.32%             | 2054-10-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Berry Global, Inc.                         | Berry Global, Inc.                                                                        | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    706000 | PA      | $706082.16    | 0.38%             | 2026-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Jefferies Financial Group, Inc.            | Jefferies Financial Group, Inc.                                                           | CUSIP: 47233WLT4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1124746.67   | 0.61%             | 2027-02-11      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                        | Societe Generale SA                                                                       | CUSIP: 83368JKF6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    692000 | PA      | $690963.53    | 0.37%             | 2026-08-19      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                | FIGRE Trust, Series 2025-FL1, Class A1                                                    | CUSIP: 31684QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625371 | PA      | $626552.05    | 0.34%             | 2055-07-25      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Stellantis Finance US, Inc.                | Stellantis Finance US, Inc.                                                               | CUSIP: 85855CAA8<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $2024170.36   | 1.09%             | 2027-01-29      | Fixed         | 1.71%                 | Yes           |                  2 | On Loan: —       |
| HYT Commercial Mortgage Trust              | HYT Commercial Mortgage Trust, Series 2024-RGCY, Class A                                  | CUSIP: 449173AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    735000 | PA      | $736056.64    | 0.40%             | 2041-09-15      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                               | UBS Group AG                                                                              | CUSIP: 225401AC2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    500000 | PA      | $498326.37    | 0.27%             | 2028-01-09      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| Mercury Financial Credit Card Master Trust | Mercury Financial Credit Card Master Trust, Series 2024-2A, Class A                       | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    147000 | PA      | $147257.93    | 0.08%             | 2029-07-20      | Fixed         | 6.56%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                       | FNMA, REMIC, Series 2024-36, Class FB                                                     | CUSIP: 3136BR3E5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    455369 | PA      | $458533.32    | 0.25%             | 2054-06-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Marex Group plc                            | Marex Group plc                                                                           | CUSIP: 566539AB8<br>LEI: 549300DWX0SVICJAL507 | Long             | DBT              | CORP              | GB        |    545000 | PA      | $550994.25    | 0.30%             | 2028-05-08      | Fixed         | 5.83%                 | No            |                  2 | On Loan: —       |
| CCO Holdings LLC                           | CCO Holdings LLC                                                                          | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    668000 | PA      | $667685.44    | 0.36%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: —       |
| Tricon Residential Trust                   | Tricon Residential Trust, Series 2025-SFR1, Class B                                       | CUSIP: 895974AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $349719.20    | 0.19%             | 2042-03-17      | Floating      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| Kraft Heinz Foods Co.                      | Kraft Heinz Foods Co.                                                                     | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    863000 | PA      | $860951.50    | 0.47%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust              | Lendbuzz Securitization Trust, Series 2025-1A, Class A2                                   | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115885 | PA      | $116183.86    | 0.06%             | 2030-10-15      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| TX Trust                                   | TX Trust, Series 2024-HOU, Class A                                                        | CUSIP: 90216DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140000 | PA      | $139992.24    | 0.08%             | 2039-06-15      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Aviation Capital Group LLC                 | Aviation Capital Group LLC                                                                | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    916000 | PA      | $905243.65    | 0.49%             | 2026-09-20      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)   | PNC Financial Services Group, Inc. (The)                                                  | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1377707.16   | 0.74%             | 2027-07-23      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                      | Global Payments, Inc.                                                                     | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1080000.00   | 0.58%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| N/A                                        | U.S. Treasury 2 Year Notes                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        19 | NC      | $-30968.87    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| HLTN Commercial Mortgage Trust             | HLTN Commercial Mortgage Trust, Series 2024-DPLO, Class A                                 | CUSIP: 40424UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    445000 | PA      | $445534.58    | 0.24%             | 2041-06-15      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC             | PEAC Solutions Receivables LLC, Series 2024-1A, Class A2                                  | CUSIP: 69433BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    112114 | PA      | $112789.42    | 0.06%             | 2027-06-21      | Fixed         | 5.79%                 | Yes           |                  2 | On Loan: No      |
| Acacia LLC                                 | Acacia LLC, Series 2025-1, Class A                                                        | CUSIP: 00401PAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    513914 | PA      | $513541.87    | 0.28%             | 2037-11-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Driven Brands Funding LLC                  | Driven Brands Funding LLC, Series 2020-1A, Class A2                                       | CUSIP: 26209XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    184041 | PA      | $177281.26    | 0.10%             | 2050-07-20      | Fixed         | 3.79%                 | Yes           |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                    | FHLMC STACR REMIC Trust, Series 2024-DNA1, Class M1                                       | CUSIP: 35564NAX1<br>LEI: 529900N6M839KA246662 | Long             | ABS-MBS          | CORP              | US        |    164835 | PA      | $165151.85    | 0.09%             | 2044-02-25      | Floating      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Bank of Ireland Group plc                  | Bank of Ireland Group plc                                                                 | CUSIP: 06279JAB5<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |   1828000 | PA      | $1805074.34   | 0.97%             | 2027-09-30      | Variable      | 2.03%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bancorp                               | U.S. Bancorp                                                                              | CUSIP: 91159HHM5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    580000 | PA      | $579557.91    | 0.31%             | 2026-04-27      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                  | Vistra Operations Co. LLC                                                                 | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    810000 | PA      | $803601.00    | 0.43%             | 2027-01-30      | Fixed         | 3.70%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                      | DB Master Finance LLC, Series 2017-1A, Class A2II                                         | CUSIP: 233046AF8<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |    783840 | PA      | $776685.81    | 0.42%             | 2047-11-20      | Fixed         | 4.03%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5513, Class FA                                                       | CUSIP: 3137HKE42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1206431 | PA      | $1210933.62   | 0.65%             | 2055-03-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| N/A                                        | U.S. Treasury 5 Year Notes                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -30 | NC      | $49920.36     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Operations Co. LLC                  | Vistra Operations Co. LLC                                                                 | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      2097 | PA      | $2104.44      | 0.00%             | 2026-12-30      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes         | Ally Bank Auto Credit-Linked Notes, Series 2024-A, Class C                                | CUSIP: 02007GZ63<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    103517 | PA      | $105129.12    | 0.06%             | 2032-05-17      | Fixed         | 6.02%                 | Yes           |                  2 | On Loan: No      |
| ACM Auto Trust                             | ACM Auto Trust, Series 2024-2A, Class A                                                   | CUSIP: 00461WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3405 | PA      | $3406.11      | 0.00%             | 2029-02-20      | Fixed         | 6.06%                 | Yes           |                  2 | On Loan: No      |
| EQT Corp.                                  | EQT Corp.                                                                                 | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    678000 | PA      | $669954.42    | 0.36%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                        | Societe Generale SA                                                                       | CUSIP: 83368RBC5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    800000 | PA      | $795828.70    | 0.43%             | 2027-06-09      | Variable      | 1.79%                 | Yes           |                  2 | On Loan: No      |
| RCKT Trust                                 | RCKT Trust, Series 2025-1A, Class A                                                       | CUSIP: 74939RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    963960 | PA      | $966073.04    | 0.52%             | 2034-07-25      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                       | GNMA, Series 2025-139, Class FE                                                           | CUSIP: 38381QF71<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1050566 | PA      | $1054491.22   | 0.57%             | 2065-08-20      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                    | FHLMC STACR REMIC Trust, Series 2024-HQA1, Class A1                                       | CUSIP: 35564NBW2<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | CORP              | US        |    162720 | PA      | $163159.08    | 0.09%             | 2044-03-25      | Floating      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| Pagaya Ai Debt Grantor Trust               | Pagaya Ai Debt Grantor Trust, Series 2024-9, Class A                                      | CUSIP: 69546QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     51665 | PA      | $51762.63     | 0.03%             | 2032-03-15      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                      | Bank of America Corp.                                                                     | CUSIP: 06051GHT9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1395000 | PA      | $1394288.20   | 0.75%             | 2027-04-23      | Variable      | 3.56%                 | No            |                  2 | On Loan: No      |
| Eaton Vance Floating-Rate ETF              | Eaton Vance Floating-Rate ETF                                                             | CUSIP: 61774R833<br>LEI: 254900BDISIY9SGE8S56 | Long             |  | RF                | US        |     14516 | NS      | $699380.88    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese US Holdings LLC                   | Celanese US Holdings LLC                                                                  | CUSIP: 15089QAK0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    900000 | PA      | $887678.19    | 0.48%             | 2026-08-05      | Fixed         | 1.40%                 | No            |                  2 | On Loan: —       |
| TR Finance LLC                             | TR Finance LLC                                                                            | CUSIP: 87268LAA5<br>LEI: 254900OWSTRTOV8P5W25 | Long             | DBT              | CORP              | US        |   1004000 | PA      | $1002394.48   | 0.54%             | 2026-05-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: —       |
| HAT Holdings I LLC                         | HAT Holdings I LLC                                                                        | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1953000 | PA      | $1946238.01   | 1.05%             | 2026-06-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Radnor Re Ltd.                             | Radnor Re Ltd., Series 2023-1, Class M1A                                                  | CUSIP: 75050KAA4<br>LEI: 254900P3K895250PCC81 | Long             | ABS-MBS          | CORP              | BM        |    145696 | PA      | $146240.85    | 0.08%             | 2033-07-25      | Floating      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                       | JPMorgan Chase & Co.                                                                      | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4165000 | PA      | $4186640.42   | 2.26%             | 2028-01-23      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| CaixaBank SA                               | CaixaBank SA                                                                              | CUSIP: 12803RAA2<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    450000 | PA      | $462308.00    | 0.25%             | 2029-01-18      | Variable      | 6.21%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                       | GNMA, Series 2023-149, Class NF                                                           | CUSIP: 38384DGY7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    320839 | PA      | $322855.77    | 0.17%             | 2053-10-20      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Truist Bank Auto Credit-Linked Notes       | Truist Bank Auto Credit-Linked Notes, Series 2025-1, Class B                              | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    726556 | PA      | $726694.01    | 0.39%             | 2033-09-26      | Fixed         | 4.73%                 | Yes           |                  2 | On Loan: No      |
| VICI Properties LP                         | VICI Properties LP                                                                        | CUSIP: 92564RAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    430000 | PA      | $426832.93    | 0.23%             | 2027-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Oportun Issuance Trust                     | Oportun Issuance Trust, Series 2021-B, Class B                                            | CUSIP: 68377GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    186053 | PA      | $183182.32    | 0.10%             | 2031-05-08      | Fixed         | 1.96%                 | Yes           |                  2 | On Loan: No      |
| SoFi Consumer Loan Program Trust           | SoFi Consumer Loan Program Trust, Series 2025-1, Class A                                  | CUSIP: 83406YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    284092 | PA      | $284747.47    | 0.15%             | 2034-02-27      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC             | Enterprise Fleet Financing LLC, Series 2024-2, Class A2                                   | CUSIP: 29375RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18408 | PA      | $18433.97     | 0.01%             | 2026-12-20      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)        | Bank of New York Mellon Corp. (The)                                                       | CUSIP: 06406RBQ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600191.19    | 0.32%             | 2027-04-26      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                        | Societe Generale SA                                                                       | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1100000 | PA      | $1107443.22   | 0.60%             | 2028-01-19      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Citadel LP                                 | Citadel LP                                                                                | CUSIP: 17288XAB0<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |   1008000 | PA      | $1007340.26   | 0.54%             | 2027-01-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| AMCR ABS Trust                             | AMCR ABS Trust, Series 2026-A, Class A                                                    | CUSIP: 02341AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $600759.78    | 0.32%             | 2033-05-18      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                    | BPCE SA                                                                                   | CUSIP: 05571AAQ8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    975000 | PA      | $985926.83    | 0.53%             | 2027-10-19      | Variable      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| United States of America                   | U.S. Treasury Notes                                                                       | CUSIP: 91282CEC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    923000 | PA      | $907577.54    | 0.49%             | 2027-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| FNMA                                       | FNMA, REMIC, Series 2024-33, Class KF                                                     | CUSIP: 3136BSFC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    182960 | PA      | $184046.41    | 0.10%             | 2054-01-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust                      | Theorem Funding Trust, Series 2022-2A, Class B                                            | CUSIP: 88339FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     47768 | PA      | $47828.64     | 0.03%             | 2028-12-15      | Fixed         | 9.27%                 | Yes           |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corp.          | Algonquin Power & Utilities Corp.                                                         | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   1302000 | PA      | $1303152.49   | 0.70%             | 2026-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| CaixaBank SA                               | CaixaBank SA                                                                              | CUSIP: 12803RAB0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   2335000 | PA      | $2356963.13   | 1.27%             | 2027-09-13      | Variable      | 6.68%                 | Yes           |                  2 | On Loan: No      |
| NatWest Markets plc                        | NatWest Markets plc                                                                       | CUSIP: 63906YAT5<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    428000 | PA      | $425153.24    | 0.23%             | 2028-11-06      | Fixed         | 4.17%                 | Yes           |                  2 | On Loan: No      |
| GWT                                        | GWT, Series 2024-WLF2, Class A                                                            | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    540000 | PA      | $540650.75    | 0.29%             | 2041-05-15      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Oscar US Funding XVII LLC                  | Oscar US Funding XVII LLC, Series 2024-2A, Class A2                                       | CUSIP: 68784BAB0<br>LEI: 353800UI8625NXT7ND41 | Long             | ABS-O            | CORP              | JP        |     76004 | PA      | $75972.00     | 0.04%             | 2027-12-10      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5451, Class FA                                                       | CUSIP: 3137HFL60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    896067 | PA      | $900526.65    | 0.49%             | 2054-09-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Insurance Co.               | Liberty Mutual Insurance Co.                                                              | CUSIP: 53079QAC1<br>LEI: CNC20I6IOMGF7KY49D67 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1469545.46   | 0.79%             | 2026-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Tricon Residential Trust                   | Tricon Residential Trust, Series 2025-SFR1, Class C                                       | CUSIP: 895974AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280000 | PA      | $279837.01    | 0.15%             | 2042-03-17      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| RCKT Trust                                 | RCKT Trust, Series 2025-1A, Class B                                                       | CUSIP: 74939RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1103138.74   | 0.60%             | 2034-07-25      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                       | FNMA, REMIC, Series 2025-31, Class FB                                                     | CUSIP: 3136BVYK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    237537 | PA      | $238433.54    | 0.13%             | 2054-06-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                         | Banco Santander SA                                                                        | CUSIP: 05964HAQ8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1300000 | PA      | $1294495.35   | 0.70%             | 2028-03-24      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC    | Volkswagen Group of America Finance LLC                                                   | CUSIP: 928668CV2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    750000 | PA      | $748083.11    | 0.40%             | 2027-09-11      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                      | Ashtead Capital, Inc.                                                                     | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1156881.69   | 0.62%             | 2026-08-12      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: —       |
| Taco Bell Funding LLC                      | Taco Bell Funding LLC, Series 2018-1A, Class A2II                                         | CUSIP: 87342RAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    352425 | PA      | $351566.25    | 0.19%             | 2048-11-25      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| Octane Receivables Trust                   | Octane Receivables Trust, Series 2024-2A, Class A2                                        | CUSIP: 67578YAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    101616 | PA      | $102386.98    | 0.06%             | 2032-07-20      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                       | FNMA, REMIC, Series 2025-63, Class FA                                                     | CUSIP: 3136BWXU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    535119 | PA      | $537529.94    | 0.29%             | 2055-08-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                           | NMEF Funding LLC, Series 2025-A, Class A2                                                 | CUSIP: 62919VAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    905786 | PA      | $908608.26    | 0.49%             | 2032-07-15      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| Bank of Montreal                           | Bank of Montreal                                                                          | CUSIP: 06368D3U6<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1750000 | PA      | $1273130.98   | 0.69%             | 2027-06-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, Strips, Series 406, Class F12                                                      | CUSIP: 3133Q3GP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    319195 | PA      | $322248.55    | 0.17%             | 2053-10-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| United States of America                   | U.S. Treasury Notes                                                                       | CUSIP: 91282CMH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1207000 | PA      | $1210823.35   | 0.65%             | 2027-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GNMA                                       | GNMA, Series 2024-197, Class GF                                                           | CUSIP: 38385BAP5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    364965 | PA      | $366442.05    | 0.20%             | 2054-12-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Prodigy Finance DAC                        | Prodigy Finance DAC, Series 2021-1A, Class A                                              | CUSIP: 742855AA7<br>LEI: 635400HTAZNW3LYYMQ40 | Long             | ABS-O            | CORP              | IE        |    584907 | PA      | $584020.78    | 0.32%             | 2051-07-25      | Floating      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Reach ABS Trust                            | Reach ABS Trust, Series 2025-1A, Class A                                                  | CUSIP: 75525PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    242420 | PA      | $242845.71    | 0.13%             | 2032-08-16      | Fixed         | 4.96%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                       | GNMA, Series 2024-30, Class LF                                                            | CUSIP: 38384JNF7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    301538 | PA      | $302446.96    | 0.16%             | 2054-02-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                      | Athene Global Funding                                                                     | CUSIP: 04685A4A6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    869000 | PA      | $870472.80    | 0.47%             | 2026-08-27      | Fixed         | 4.86%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                      | Bank of America Corp.                                                                     | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1288000 | PA      | $1297050.27   | 0.70%             | 2027-09-15      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5499, Class FQ                                                       | CUSIP: 3137HJX44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    591152 | PA      | $594937.78    | 0.32%             | 2055-02-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| American National Group, Inc.              | American National Group, Inc.                                                             | CUSIP: 025676AM9<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1079513.06   | 0.58%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHF Issuer Trust                           | FHF Issuer Trust, Series 2023-2A, Class A2                                                | CUSIP: 30333LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42149 | PA      | $42502.14     | 0.02%             | 2029-10-15      | Fixed         | 6.79%                 | Yes           |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust   | Research-Driven Pagaya Motor Asset Trust, Series 2025-1A, Class A                         | CUSIP: 76089YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    712434 | PA      | $714071.06    | 0.39%             | 2033-06-27      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| MasTec, Inc.                               | MasTec, Inc.                                                                              | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    695000 | PA      | $687672.44    | 0.37%             | 2028-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: —       |
| Pagaya AI Debt Grantor Trust               | Pagaya AI Debt Grantor Trust, Series 2025-1, Class A2                                     | CUSIP: 69544NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    403706 | PA      | $404439.72    | 0.22%             | 2032-07-15      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Extended Stay America Trust                | Extended Stay America Trust, Series 2026-ESH2, Class A                                    | CUSIP: 30227WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    460666 | PA      | $461261.16    | 0.25%             | 2043-02-15      | Floating      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                      | FHLMC, REMIC, Series 5410, Class FE                                                       | CUSIP: 3137HCV82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    131843 | PA      | $132580.20    | 0.07%             | 2054-05-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| United States of America                   | U.S. Treasury Notes                                                                       | CUSIP: 91282CEN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16162000 | PA      | $15988628.93  | 8.64%             | 2027-04-30      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| NRTH Commercial Mortgage Trust             | NRTH Commercial Mortgage Trust, Series 2025-PARK, Class A                                 | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155000 | PA      | $155075.33    | 0.08%             | 2040-10-15      | Floating      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Oportun Funding Trust                      | Oportun Funding Trust, Series 2024-3, Class B                                             | CUSIP: 68377NAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    117659 | PA      | $117745.83    | 0.06%             | 2029-08-15      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Truist Financial Corp.                     | Truist Financial Corp.                                                                    | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    298000 | PA      | $298763.12    | 0.16%             | 2027-06-08      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                  | HCA, Inc.                                                                                 | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    525000 | PA      | $525419.04    | 0.28%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| RCKTL                                      | RCKTL, Series 2025-2A, Class A                                                            | CUSIP: 74939HAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    315074 | PA      | $315152.55    | 0.17%             | 2034-11-27      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| Radian Group, Inc.                         | Radian Group, Inc.                                                                        | CUSIP: 750236AW1<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |    650000 | PA      | $650123.16    | 0.35%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes    | Santander Bank Auto Credit-Linked Notes, Series 2025-A, Class B                           | CUSIP: 80290CCR3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    368275 | PA      | $368182.31    | 0.20%             | 2034-01-16      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| SERVPRO Master Issuer LLC                  | SERVPRO Master Issuer LLC, Series 2021-1A, Class A2                                       | CUSIP: 817743AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    685800 | PA      | $652438.71    | 0.35%             | 2051-04-25      | Fixed         | 2.39%                 | Yes           |                  2 | On Loan: No      |
| ACHV ABS Trust                             | ACHV ABS Trust, Series 2024-3AL, Class B                                                  | CUSIP: 00092KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     54191 | PA      | $54579.50     | 0.03%             | 2031-12-26      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Morgan Stanley ETF Trust

**Signature:** James F. Kirchner

**Name of Signer:** James F. Kirchner

**Title:** Principal Financial Officer