# EDGAR Filing Document

**Accession Number:** 0002014487
**File Stem:** 0001752724-25-199677
**Filing Date:** 2025-8
**Character Count:** 137593
**Document Hash:** 40b1dfc3e5493f339e98185320754de7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-199677.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-199677

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Palmer Square Funds Trust
- **CENTRAL INDEX KEY:** 0002014487

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23946
- **FILM NUMBER:** 251245116

**BUSINESS ADDRESS:**
- **STREET 1:** 1900 SHAWNEE MISSION PARKWAY
- **STREET 2:** SUITE 315
- **CITY:** MISSION WOODS
- **STATE:** KS
- **ZIP:** 66205
- **BUSINESS PHONE:** 816-994-3200

**MAIL ADDRESS:**
- **STREET 1:** 1900 SHAWNEE MISSION PARKWAY
- **STREET 2:** SUITE 315
- **CITY:** MISSION WOODS
- **STATE:** KS
- **ZIP:** 66205

## Series and Classes Contracts Data

### Palmer Square Credit Opportunities ETF (Series ID: S000085069)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000249932 | Palmer Square Credit Opportunities ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Palmer Square Funds Trust

- **b. Investment Company Act file number:** 811-23946

- **c. CIK number of Registrant:** 0002014487

- **d. LEI of Registrant:** 529900TQCYQZ7YNQQZ03

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

  - **Street Address 1:** 1900 Shawnee Mission Parkway,

  - **City:** Mission Woods

  - **State:** KS

  - **Foreign country:** US

  - **Zip / Postal Code:** 66205

  - **Telephone number:** 816-994-3200

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

- **a. Name of Series:** Palmer Square Credit Opportunities ETF

- **b. EDGAR series identifier (if any):** S000085069

- **c. LEI of Series:** 529900LY0Z76U5AEGV09

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

- **a. Date of fiscal year-end:** 2025-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $85146843.67

**Total Liabilities:** $9330876.13

**Net Assets:** $75815967.54

**Delayed Delivery Securities:** $3000000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 254.40114450 | **1-Year:** 5883.73782278 | **5-Year:** 2610.32700098 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 125.40815184 | **1-Year:** 1935.80174231 | **5-Year:** 3383.63480330 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249932 | 0.35%                | 0.99%                | 0.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-29191.88               | $-4277.86                                  |
| Month 2  | $7786.42                 | $210963.97                                 |
| Month 3  | $19527.84                | $171880.95                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Menlo CLO I Ltd.                                                                  | Menlo CLO I Ltd., Series 2024-1A, Class D1                                                   | CUSIP: 586915AG5<br>LEI: 2549005RHPY3C68SIP61 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $503002.07    | 0.66%             | 2038-01-20      | Floating      | 7.52%                 | Yes           |                  2 | On Loan: No      |
| Fiserv, Inc.                                                                      | Fiserv, Inc.                                                                                 | CUSIP: 337738AR9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124362.65    | 0.16%             | 2028-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                                               | Nexstar Media, Inc.                                                                          | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124788.20    | 0.16%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Dryden 45 Senior Loan Fund                                                        | Dryden 45 Senior Loan Fund, Series 2016-45A, Class A1RR                                      | CUSIP: 26244MAW2<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |    260581 | PA      | $260828.19    | 0.34%             | 2030-10-15      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                                               | Iron Mountain, Inc.                                                                          | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24820.42     | 0.03%             | 2028-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Olympus Water US Holding Corp.                                                    | Olympus Water US Holding Corp.                                                               | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    115000 | PA      | $109435.99    | 0.14%             | 2028-10-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CCO Holdings LLC / CCO Holdings Capital Corp.                                                | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $148720.51    | 0.20%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                        | Constellation Brands, Inc.                                                                   | CUSIP: 21036PBE7<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118775.54    | 0.16%             | 2029-08-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 36 Ltd.                                        | Neuberger Berman Loan Advisers CLO 36 Ltd., Series 2020-36A, Class A1R2                      | CUSIP: 64133KAW1<br>LEI: 549300MZGBBYK103F794 | Long             | ABS-CBDO         | CORP              | KY        |    988011 | PA      | $989347.99    | 1.30%             | 2033-04-20      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO X Ltd.                                                                | Elmwood CLO X Ltd., Series 2021-3A, Class FR                                                 | CUSIP: 29002WAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $490699.84    | 0.65%             | 2034-04-20      | Floating      | 11.77%                | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                           | Hyundai Auto Lease Securitization Trust, Series 2024-A, Class A2A                            | CUSIP: 448988AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24093 | PA      | $24116.68     | 0.03%             | 2026-06-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                         | Ford Motor Credit Co. LLC                                                                    | CUSIP: 345397B93<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    300000 | PA      | $272875.52    | 0.36%             | 2029-02-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                                                          | Toyota Lease Owner Trust, Series 2024-B, Class A3                                            | CUSIP: 891943AD4<br>LEI: 254900R64DFTI1MWY364 | Long             | ABS-O            | CORP              | US        |    295000 | PA      | $294987.55    | 0.39%             | 2027-09-20      | Fixed         | 4.21%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced Trust                                               | Volkswagen Auto Loan Enhanced Trust, Series 2024-1, Class A2A                                | CUSIP: 92868RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    493216 | PA      | $493741.96    | 0.65%             | 2027-11-22      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                      | Avolon Holdings Funding Ltd.                                                                 | CUSIP: 05401AAJ0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     75000 | PA      | $73144.64     | 0.10%             | 2027-02-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Match Group Holdings II LLC                                                       | Match Group Holdings II LLC                                                                  | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24880.86     | 0.03%             | 2027-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Belron Finance 2019 LLC                                                           | Belron Finance 2019 LLC, First Lien, 2031 Dollar Incremental Term Loan                       | CUSIP: 08078UAM5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199497 | PA      | $200649.59    | 0.26%             | 2031-10-16      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                             | GM Financial Automobile Leasing Trust, Series 2024-2, Class A2A                              | CUSIP: 36269WAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57377 | PA      | $57508.21     | 0.08%             | 2026-09-21      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Fox Corp.                                                                         | Fox Corp.                                                                                    | CUSIP: 35137LAH8<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    360000 | PA      | $363024.63    | 0.48%             | 2029-01-25      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Block, Inc.                                                                       | Block, Inc.                                                                                  | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154856.70    | 0.20%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Roche Holdings, Inc.                                                              | Roche Holdings, Inc.                                                                         | CUSIP: 771196BW1<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    140000 | PA      | $130456.59    | 0.17%             | 2028-12-13      | Fixed         | 1.93%                 | Yes           |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                                            | Chase Auto Owner Trust, Series 2024-5A, Class A2                                             | CUSIP: 16144QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     47463 | PA      | $47439.28     | 0.06%             | 2027-11-26      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                  | NRG Energy, Inc.                                                                             | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176099.84    | 0.23%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Rad CLO 15 Ltd.                                                                   | Rad CLO 15 Ltd., Series 2021-15A, Class C                                                    | CUSIP: 750103AE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1250000.00   | 1.65%             | 2034-01-20      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Icon Investments Six DAC                                                          | Icon Investments Six DAC                                                                     | CUSIP: 45115AAB0<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    125000 | PA      | $129731.24    | 0.17%             | 2029-05-08      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Boyd Gaming Corp.                                                                 | Boyd Gaming Corp.                                                                            | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49722.87     | 0.07%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust                                          | Capital One Prime Auto Receivables Trust, Series 2022-2, Class A3                            | CUSIP: 14043GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38585 | PA      | $38463.09     | 0.05%             | 2027-05-17      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| Burlington Coat Factory Warehouse Corp.                                           | Burlington Coat Factory Warehouse Corp., First Lien, Term Loan, B                            | CUSIP: 121575AL8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199497 | PA      | $198998.74    | 0.26%             | 2031-09-24      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO 32R Ltd.                                                     | Neuberger Berman CLO 32R Ltd., Series 2019-32RA, Class D1                                    | CUSIP: 64135XAG6<br>LEI: 25490093SHVBS5BLDZ40 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003750.00   | 1.32%             | 2039-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Primo Water Holdings, Inc. / Triton Water Holdings, Inc.                          | Primo Water Holdings, Inc. / Triton Water Holdings, Inc.                                     | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100780.05    | 0.13%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Starbucks Corp.                                                                   | Starbucks Corp.                                                                              | CUSIP: 855244BG3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    280000 | PA      | $282567.58    | 0.37%             | 2027-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Regatta 32 Funding Ltd.                                                           | Regatta 32 Funding Ltd., Series 2025-4A, Class A1                                            | CUSIP: 75884AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003330.00   | 1.32%             | 2038-07-25      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                   | Intercontinental Exchange, Inc.                                                              | CUSIP: 45866FAU8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298516.50    | 0.39%             | 2027-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                                                    | Univision Communications, Inc.                                                               | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49909.60     | 0.07%             | 2027-06-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Radiology Partners, Inc.                                                          | Radiology Partners, Inc.                                                                     | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150537.00    | 0.20%             | 2032-07-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Mars, Inc.                                                                        | Mars, Inc.                                                                                   | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302501.10    | 0.40%             | 2028-03-01      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                                | Honda Auto Receivables Owner Trust, Series 2023-3, Class A3                                  | CUSIP: 43815QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    321236 | PA      | $323360.32    | 0.43%             | 2028-02-18      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                                                    | DTE Energy Co.                                                                               | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303589.80    | 0.40%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BlueMountain CLO XXX Ltd.                                                         | BlueMountain CLO XXX Ltd., Series 2020-30A, Class DR                                         | CUSIP: 09630QAS0<br>LEI: 5493002GUQ80FGGGNP40 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500627.50    | 0.66%             | 2035-04-15      | Floating      | 7.56%                 | Yes           |                  2 | On Loan: No      |
| Elanco Animal Health, Inc.                                                        | Elanco Animal Health, Inc.                                                                   | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104271.80    | 0.14%             | 2028-08-28      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                                                          | Toyota Lease Owner Trust, Series 2024-A, Class A3                                            | CUSIP: 89238GAD3<br>LEI: 254900MVSB4M6HOIRE71 | Long             | ABS-O            | CORP              | US        |    147482 | PA      | $148180.05    | 0.20%             | 2027-04-20      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                                               | Iron Mountain, Inc.                                                                          | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122897.30    | 0.16%             | 2029-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                                                  | GE HealthCare Technologies, Inc.                                                             | CUSIP: 36267VAF0<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231868.87    | 0.31%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                                           | Nissan Auto Lease Trust, Series 2024-B, Class A2A                                            | CUSIP: 65481DAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148429 | PA      | $148899.29    | 0.20%             | 2027-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| EPIC Crude Services LP                                                            | EPIC Crude Services LP, First Lien, Term Loan, B                                             | CUSIP: 29428XAG5<br>LEI: 549300FRS682IQ7J9S42 | Long             | LON              | CORP              | US        |     99750 | PA      | $100207.35    | 0.13%             | 2031-10-15      | Variable      | 7.26%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO XXII Ltd.                                                    | Neuberger Berman CLO XXII Ltd., Series 2016-22A, Class ER2                                   | CUSIP: 64131CAG6<br>LEI: 549300FFV1EYI8ON7P41 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $254971.46    | 0.34%             | 2038-04-15      | Floating      | 11.11%                | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                           | Hyundai Auto Lease Securitization Trust, Series 2025-B, Class A2A                            | CUSIP: 44935DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70000 | PA      | $70260.99     | 0.09%             | 2027-09-15      | Fixed         | 4.58%                 | Yes           |                  2 | On Loan: No      |
| Fugue Finance BV                                                                  | Fugue Finance BV, First Lien, Thirteenth Amendment Dollar Term Loan                          | CUSIP: N3430BAK0<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    200000 | PA      | $201438.00    | 0.27%             | 2032-01-09      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                                | Honda Auto Receivables Owner Trust, Series 2025-2, Class A2A                                 | CUSIP: 437921AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65000 | PA      | $64959.18     | 0.09%             | 2028-01-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Barings Equipment Finance LLC                                                     | Barings Equipment Finance LLC, Series 2025-A, Class A2                                       | CUSIP: 06764MAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    440000 | PA      | $441275.91    | 0.58%             | 2028-10-13      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| Hyperion Refinance SARL                                                           | Hyperion Refinance SARL, First Lien, 2024-3 Dollar Term Loan, B                              | CUSIP: G4712JAZ5<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |     99500 | PA      | $99923.87     | 0.13%             | 2031-02-18      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                                                       | Amgen, Inc.                                                                                  | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290324.36    | 0.38%             | 2027-02-21      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                                                    | Mercedes-Benz Auto Lease Trust, Series 2023-A, Class A3                                      | CUSIP: 58768RAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70869 | PA      | $70887.65     | 0.09%             | 2027-01-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                                                    | Mercedes-Benz Auto Lease Trust, Series 2024-A, Class A3                                      | CUSIP: 58770JAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $759435.00    | 1.00%             | 2028-01-18      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| EP Purchaser LLC                                                                  | EP Purchaser LLC, First Lien, Closing Date Term Loan, B                                      | CUSIP: 26881KAC8<br>LEI: 549300GGODRVQG1GH476 | Long             | LON              | CORP              | US        |     99231 | PA      | $97717.50     | 0.13%             | 2028-11-06      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| Trestles CLO VIII Ltd.                                                            | Trestles CLO VIII Ltd., Series 2025-8A, Class D1                                             | CUSIP: 89533DAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500371.67    | 0.66%             | 2035-06-11      | Floating      | 7.30%                 | Yes           |                  2 | On Loan: No      |
| Michael Baker International, Inc.                                                 | Michael Baker International, Inc., First Lien, Term Loan, B1                                 | CUSIP: 59406MAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99251 | PA      | $99808.91     | 0.13%             | 2028-12-01      | Variable      | 8.28%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                                | GM Financial Consumer Automobile Receivables Trust, Series 2022-2, Class A3                  | CUSIP: 362585AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67583 | PA      | $67354.01     | 0.09%             | 2027-02-16      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Post CLO VI Ltd.                                                                  | Post CLO VI Ltd., Series 2024-2A, Class E                                                    | CUSIP: 73742WAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $512691.14    | 0.68%             | 2038-01-20      | Floating      | 10.96%                | Yes           |                  2 | On Loan: No      |
| American Airlines, Inc.                                                           | American Airlines, Inc., First Lien, 2024 Term Loan, B                                       | CUSIP: 02376CBR5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98980 | PA      | $98172.91     | 0.13%             | 2028-02-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Entegris, Inc.                                                                    | Entegris, Inc.                                                                               | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    275000 | PA      | $272203.39    | 0.36%             | 2029-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd.                                                                      | OCP CLO Ltd., Series 2023-28A, Class E                                                       | CUSIP: 671002AA1<br>LEI: 2138002ZIH5ZX5JB4G62 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2014213.78   | 2.66%             | 2036-07-16      | Floating      | 12.66%                | Yes           |                  2 | On Loan: No      |
| IQVIA, Inc.                                                                       | IQVIA, Inc.                                                                                  | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51303.25     | 0.07%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Iridium Satellite LLC                                                             | Iridium Satellite LLC, First Lien, Term Loan, B4                                             | CUSIP: 46269KAT1<br>LEI: 254900615BJ7139TFM33 | Long             | LON              | CORP              | US        |     97680 | PA      | $97941.64     | 0.13%             | 2030-09-20      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO 4 Ltd.                                                           | New Mountain CLO 4 Ltd., Series CLO-4A, Class ER                                             | CUSIP: 64754PAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    450000 | PA      | $465417.29    | 0.61%             | 2038-03-20      | Floating      | 11.19%                | Yes           |                  2 | On Loan: No      |
| Guggenheim Partners Investment Management Holdings LLC                            | Guggenheim Partners Investment Management Holdings LLC, First Lien, Term Loan, B             | CUSIP: 36173YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99500 | PA      | $100028.35    | 0.13%             | 2031-11-26      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                             | GM Financial Automobile Leasing Trust, Series 2024-3, Class A2A                              | CUSIP: 38012QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     79799 | PA      | $79713.54     | 0.11%             | 2027-01-20      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp.                                                                    | AppLovin Corp.                                                                               | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    260000 | PA      | $263459.76    | 0.35%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Universal Health Services, Inc.                                                   | Universal Health Services, Inc.                                                              | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48290.65     | 0.06%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Surgery Center Holdings, Inc.                                                     | Surgery Center Holdings, Inc.                                                                | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76519.66     | 0.10%             | 2032-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Genesis Energy LP / Genesis Energy Finance Corp.                                  | Genesis Energy LP / Genesis Energy Finance Corp.                                             | CUSIP: 37185LAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50773.68     | 0.07%             | 2028-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Panther Escrow Issuer LLC                                                         | Panther Escrow Issuer LLC                                                                    | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $155910.90    | 0.21%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Acrisure LLC                                                                      | Acrisure LLC, First Lien, 2025 Refinancing Term Loan, B                                      | CUSIP: 00488PAX3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200000 | PA      | $200000.00    | 0.26%             | 2032-06-21      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Advanced Drainage Systems, Inc.                                                   | Advanced Drainage Systems, Inc.                                                              | CUSIP: 00790RAA2<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74459.74     | 0.10%             | 2027-09-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| QXO Building Products, Inc.                                                       | QXO Building Products, Inc.                                                                  | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    160000 | PA      | $165232.32    | 0.22%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Citadel Securities LP                                                             | Citadel Securities LP, First Lien, 2024 Term Loan, B                                         | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |     99250 | PA      | $99765.10     | 0.13%             | 2031-10-31      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                                                        | AT&T, Inc.                                                                                   | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93832.34     | 0.12%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corp.                                                                | Vertiv Group Corp.                                                                           | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    166000 | PA      | $161999.50    | 0.21%             | 2028-11-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Phoenix Guarantor, Inc.                                                           | Phoenix Guarantor, Inc., First Lien, Term Loan, B5                                           | CUSIP: 71913BAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250000 | PA      | $251107.50    | 0.33%             | 2031-02-21      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Avery Dennison Corp.                                                              | Avery Dennison Corp.                                                                         | CUSIP: 053611AJ8<br>LEI: 549300PW7VPFCYKLIV37 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101578.85    | 0.13%             | 2028-12-06      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                | T-Mobile USA, Inc.                                                                           | CUSIP: 87264AAV7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50022.24     | 0.07%             | 2028-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies CLO Ltd.                                         | Carlyle Global Market Strategies CLO Ltd., Series 2012-4A, Class DR3                         | CUSIP: 14309YCJ1<br>LEI: 549300R4G5ROMXQ5CG20 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002541.51   | 1.32%             | 2032-04-22      | Floating      | 7.77%                 | Yes           |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                    | Broadcom, Inc.                                                                               | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253673.98    | 0.33%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Carlyle US CLO Ltd.                                                               | Carlyle US CLO Ltd., Series 2017-4A, Class C                                                 | CUSIP: 14315BAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249953.75    | 0.33%             | 2030-01-15      | Floating      | 7.32%                 | Yes           |                  2 | On Loan: No      |
| Graphic Packaging International LLC                                               | Graphic Packaging International LLC                                                          | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    125000 | PA      | $119875.33    | 0.16%             | 2028-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                                               | Medline Borrower LP                                                                          | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95993.61     | 0.13%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Amynta Agency Borrower, Inc.                                                      | Amynta Agency Borrower, Inc., First Lien, 2024-1 Refinancing Term Loan                       | CUSIP: 57810JAL2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149624 | PA      | $149784.16    | 0.20%             | 2031-12-29      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| USB Auto Owner Trust                                                              | USB Auto Owner Trust, Series 2025-1A, Class A2                                               | CUSIP: 90367VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75000 | PA      | $75183.89     | 0.10%             | 2028-06-15      | Fixed         | 4.51%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                                | GM Financial Consumer Automobile Receivables Trust, Series 2023-2, Class A3                  | CUSIP: 362583AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     71034 | PA      | $71028.49     | 0.09%             | 2028-02-16      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Installed Building Products, Inc.                                                 | Installed Building Products, Inc., First Lien, Term Loan, B3                                 | CUSIP: 45780YAZ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99246 | PA      | $99897.78     | 0.13%             | 2031-03-28      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                                                  | GE HealthCare Technologies, Inc.                                                             | CUSIP: 36267VAD5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85185.19     | 0.11%             | 2025-11-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Bills                                                                          | CUSIP: 912797QB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    750000 | PA      | $748181.31    | 0.99%             | 2025-07-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gartner, Inc.                                                                     | Gartner, Inc.                                                                                | CUSIP: 366651AG2<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118938.61    | 0.16%             | 2029-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Canadian Pacific Railway Co.                                                      | Canadian Pacific Railway Co.                                                                 | CUSIP: 13645RBE3<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    325000 | PA      | $313752.08    | 0.41%             | 2026-12-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                                                 | World Omni Auto Receivables Trust, Series 2024-A, Class A3                                   | CUSIP: 98164RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205000 | PA      | $206200.03    | 0.27%             | 2029-03-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                                    | Hyundai Auto Receivables Trust, Series 2025-B, Class A2A                                     | CUSIP: 44935XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80000 | PA      | $80177.86     | 0.11%             | 2028-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp. Trust                                                | GS Mortgage Securities Corp. Trust, Series 2012-BWTR, Class A                                | CUSIP: 36192RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240431 | PA      | $209821.57    | 0.28%             | 2034-11-05      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| Sherwin-Williams Co. (The)                                                        | Sherwin-Williams Co. (The)                                                                   | CUSIP: 824348AW6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296068.41    | 0.39%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                              | Verizon Master Trust, Series 2024-1, Class A1A                                               | CUSIP: 92348KCL5<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $190418.42    | 0.25%             | 2028-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                                    | Hyundai Auto Receivables Trust, Series 2023-C, Class A3                                      | CUSIP: 44918CAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    155000 | PA      | $156735.35    | 0.21%             | 2028-10-16      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Red Planet Borrower LLC                                                           | Red Planet Borrower LLC, First Lien, Term Loan, B                                            | CUSIP: 57165KAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99229 | PA      | $98226.08     | 0.13%             | 2028-09-29      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO X Ltd.                                                                | Elmwood CLO X Ltd., Series 2021-3A, Class AR2                                                | CUSIP: 29002VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 1.32%             | 2038-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Rocket Software, Inc.                                                             | Rocket Software, Inc., First Lien, Term Loan, B                                              | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |     99250 | PA      | $99592.41     | 0.13%             | 2028-11-28      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| Air Canada                                                                        | Air Canada                                                                                   | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $148589.12    | 0.20%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| American Tower Corp.                                                              | American Tower Corp.                                                                         | CUSIP: 03027XBJ8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    125000 | PA      | $116464.17    | 0.15%             | 2028-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO Ltd.                                                               | Shackleton CLO Ltd., Series 2018-12A, Class E                                                | CUSIP: 81881EAA1<br>LEI: 5493001M7QWDUKGTDT57 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $997448.98    | 1.32%             | 2031-07-20      | Floating      | 10.43%                | Yes           |                  2 | On Loan: No      |
| Regatta XIV Funding Ltd.                                                          | Regatta XIV Funding Ltd., Series 2018-3A, Class E                                            | CUSIP: 75888NAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001225.42   | 1.32%             | 2031-10-25      | Floating      | 10.49%                | Yes           |                  2 | On Loan: No      |
| Dryden 45 Senior Loan Fund                                                        | Dryden 45 Senior Loan Fund, Series 2016-45A, Class DRR                                       | CUSIP: 26244MBE1<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $622032.29    | 0.82%             | 2030-10-15      | Floating      | 7.31%                 | Yes           |                  2 | On Loan: No      |
| Fidelity Investments Money Market Funds - Treasury Portfolio                      | Fidelity Investments Money Market Funds - Treasury Portfolio, Class I                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   9898712 | NS      | $9898711.50   | 13.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.        | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.                   | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15029.06     | 0.02%             | 2027-06-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance, Inc.                                            | 1011778 BC ULC / New Red Finance, Inc.                                                       | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    125000 | PA      | $122698.80    | 0.16%             | 2028-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Renaissance Holdings Corp.                                                        | Renaissance Holdings Corp., First Lien, 2024-2 Term Loan, B                                  | CUSIP: 75972JAK0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99246 | PA      | $90406.86     | 0.12%             | 2030-04-05      | Variable      | 8.28%                 | No            |                  2 | On Loan: No      |
| Clearway Energy Operating LLC                                                     | Clearway Energy Operating LLC                                                                | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    162000 | PA      | $160173.63    | 0.21%             | 2028-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Cross Financial Corp.                                                             | Cross Financial Corp., First Lien, Term Loan, B                                              | CUSIP: 22750JAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99500 | PA      | $100060.19    | 0.13%             | 2031-10-24      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                         | XPLR Infrastructure Operating Partners LP                                                    | CUSIP: 65342QAL6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24440.43     | 0.03%             | 2026-10-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Calpine Construction Finance Co. LP                                               | Calpine Construction Finance Co. LP, First Lien, Refinancing Term Loan, B                    | CUSIP: 13134NAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $100125.00    | 0.13%             | 2030-07-19      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                                                 | Venture Global Calcasieu Pass LLC                                                            | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    180000 | PA      | $166737.08    | 0.22%             | 2031-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                                               | Medline Borrower LP, First Lien, Dollar Incremental Term Loan, B                             | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |     99001 | PA      | $99226.48     | 0.13%             | 2028-10-23      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                                         | HCA, Inc.                                                                                    | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    265000 | PA      | $270799.30    | 0.36%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                                                       | Volkswagen Auto Lease Trust, Series 2025-A, Class A2A                                        | CUSIP: 92868WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $175526.54    | 0.23%             | 2027-12-20      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                                                 | Alliant Holdings Intermediate LLC, First Lien, Initial Term Loan, B6                         | CUSIP: 01881UAM7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99500 | PA      | $99635.32     | 0.13%             | 2031-09-19      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Notes                                                                          | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $807406.25    | 1.06%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hudson River Trading LLC                                                          | Hudson River Trading LLC, First Lien, Term Loan, B                                           | CUSIP: 44413EAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98994 | PA      | $99411.29     | 0.13%             | 2030-03-18      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| EFS Cogen Holdings I LLC                                                          | EFS Cogen Holdings I LLC, First Lien, Advance Term Loan, B                                   | CUSIP: 26844HAJ6<br>LEI: 549300KDKPYR8NXXKI52 | Long             | LON              | CORP              | US        |    199295 | PA      | $200436.67    | 0.26%             | 2031-10-03      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| LCM XIV LP                                                                        | LCM XIV LP, Series 14A, Class AR                                                             | CUSIP: 50184VAR5<br>LEI: 549300NGJ6CPPJRPGL08 | Long             | ABS-CBDO         | CORP              | KY        |    106272 | PA      | $106402.09    | 0.14%             | 2031-07-20      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| Calpine Corp.                                                                     | Calpine Corp.                                                                                | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99251.87     | 0.13%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                                | Honda Auto Receivables Owner Trust, Series 2023-3, Class A4                                  | CUSIP: 43815QAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    108000 | PA      | $109276.99    | 0.14%             | 2029-12-18      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                                                           | OneDigital Borrower LLC, First Lien, 2025 Refinancing Term Loan, B                           | CUSIP: 68277FAN9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99000 | PA      | $98969.31     | 0.13%             | 2031-07-02      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                                    | Hyundai Auto Receivables Trust, Series 2025-A, Class A2A                                     | CUSIP: 44935CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $169936.52    | 0.22%             | 2027-12-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| IQVIA, Inc.                                                                       | IQVIA, Inc.                                                                                  | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20549.36     | 0.03%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                  | NRG Energy, Inc.                                                                             | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23590.97     | 0.03%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| DLLAA LLC                                                                         | DLLAA LLC, Series 2023-1A, Class A3                                                          | CUSIP: 23292HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    535000 | PA      | $541747.85    | 0.71%             | 2028-02-22      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                                | Energy Transfer LP                                                                           | CUSIP: 292480AL4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126796.76    | 0.17%             | 2028-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                                                         | Kubota Credit Owner Trust, Series 2025-2A, Class A2                                          | CUSIP: 50117LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75000 | PA      | $75185.98     | 0.10%             | 2028-04-17      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| Financiere Mendel SAS                                                             | Financiere Mendel SAS, First Lien, New Term Loan, B                                          | CUSIP: 58650YAD8<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |    200000 | PA      | $200500.00    | 0.26%             | 2030-11-08      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                                      | American Express Credit Account Master Trust, Series 2022-3, Class A                         | CUSIP: 02582JJV3<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |     75000 | PA      | $74928.59     | 0.10%             | 2027-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CBAM Ltd.                                                                         | CBAM Ltd., Series 2018-5A, Class D                                                           | CUSIP: 12481QAL9<br>LEI: 25490038OT2B8HTRW786 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000245.00   | 1.32%             | 2031-04-17      | Floating      | 7.04%                 | Yes           |                  2 | On Loan: No      |
| MKS Instruments, Inc.                                                             | MKS Instruments, Inc., First Lien, 2025-1 Dollar Term Loan, B                                | CUSIP: 55314NAZ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    192060 | PA      | $192803.93    | 0.25%             | 2029-08-17      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / Allied Universal Finance Corp. / Atlas Luxco 4 SARL | Allied Universal Holdco LLC / Allied Universal Finance Corp. / Atlas Luxco 4 SARL            | CUSIP: 049362AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $121295.46    | 0.16%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Grifols SA                                                                        | Grifols SA                                                                                   | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |     45000 | PA      | $43287.84     | 0.06%             | 2028-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                                                 | Lowe's Cos., Inc.                                                                            | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294365.53    | 0.39%             | 2027-05-03      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group, Inc.                                                          | AthenaHealth Group, Inc., First Lien, Initial Term Loan                                      | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |     99750 | PA      | $99762.47     | 0.13%             | 2029-02-15      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA Holdings LLC                                               | SCIL IV LLC / SCIL USA Holdings LLC                                                          | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $198828.20    | 0.26%             | 2026-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| First Eagle Holdings, Inc.                                                        | First Eagle Holdings, Inc., First Lien, Term Loan, B                                         | CUSIP: 05554JAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98997 | PA      | $99193.51     | 0.13%             | 2029-03-05      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                                                            | John Deere Owner Trust, Series 2022-C, Class A3                                              | CUSIP: 47800BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49191 | PA      | $49329.09     | 0.07%             | 2027-06-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                | T-Mobile USA, Inc.                                                                           | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123142.64    | 0.16%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| OHA Credit Partners XII Ltd.                                                      | OHA Credit Partners XII Ltd., Series 2015-12A, Class ER2                                     | CUSIP: 67110BAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $507510.30    | 0.67%             | 2037-04-23      | Floating      | 10.53%                | Yes           |                  2 | On Loan: No      |
| Forvia SE                                                                         | Forvia SE                                                                                    | CUSIP: 31209DAA3<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    105000 | PA      | $107712.78    | 0.14%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                                                     | Smyrna Ready Mix Concrete LLC                                                                | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157384.02    | 0.21%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Edgewater Generation LLC                                                          | Edgewater Generation LLC, First Lien, 2025 Refinancing Term Loan, B                          | CUSIP: 28031FAM2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     96670 | PA      | $97162.38     | 0.13%             | 2030-08-01      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Inception Finco SARL                                                              | Inception Finco SARL, First Lien, Term Loan                                                  | CUSIP: 45073SAC9<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    200000 | PA      | $202001.00    | 0.27%             | 2031-04-09      | Variable      | 7.53%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                                   | CoreLogic, Inc.                                                                              | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    125000 | PA      | $119344.04    | 0.16%             | 2028-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                                | GM Financial Consumer Automobile Receivables Trust, Series 2025-2, Class A2A                 | CUSIP: 362549AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30000 | PA      | $30038.46     | 0.04%             | 2028-02-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO IX Ltd.                                                               | Elmwood CLO IX Ltd., Series 2021-2A, Class D1R                                               | CUSIP: 29003UAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $997302.21    | 1.32%             | 2038-04-20      | Floating      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| Discover Card Execution Note Trust                                                | Discover Card Execution Note Trust, Series 2022-A4, Class A                                  | CUSIP: 254683CX1<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $110172.26    | 0.15%             | 2027-10-15      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Atlantica Sustainable Infrastructure Ltd.                                         | Atlantica Sustainable Infrastructure Ltd.                                                    | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $191346.78    | 0.25%             | 2028-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner Trust                                              | Porsche Innovative Lease Owner Trust, Series 2025-1A, Class A2A                              | CUSIP: 73329KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     45000 | PA      | $45108.16     | 0.06%             | 2027-12-20      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners Static Ltd.                                                | Golub Capital Partners Static Ltd., Series 2024-1A, Class A1                                 | CUSIP: 381929AA6<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |   1266458 | PA      | $1266457.84   | 1.67%             | 2033-04-20      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| NXP BV / NXP Funding LLC / NXP USA, Inc.                                          | NXP BV / NXP Funding LLC / NXP USA, Inc.                                                     | CUSIP: 62954HAV0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $148660.19    | 0.20%             | 2029-06-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| WMG Acquisition Corp.                                                             | WMG Acquisition Corp., First Lien, Term Loan, B                                              | CUSIP: 92929LBA5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $100375.00    | 0.13%             | 2031-01-24      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                                      | Verizon Communications, Inc.                                                                 | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124951.76    | 0.16%             | 2027-03-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                      | Oracle Corp.                                                                                 | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    300000 | PA      | $284800.68    | 0.38%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                             | GM Financial Automobile Leasing Trust, Series 2023-2, Class A3                               | CUSIP: 362548AD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     46375 | PA      | $46402.81     | 0.06%             | 2026-07-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| HB Fuller Co.                                                                     | HB Fuller Co.                                                                                | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121173.78    | 0.16%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LSF12 Crown US Commercial Bidco LLC                                               | LSF12 Crown US Commercial Bidco LLC, First Lien, Term Loan, B                                | CUSIP: 50221UAC5<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |    100000 | PA      | $100656.50    | 0.13%             | 2031-12-02      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Archrock Partners LP / Archrock Partners Finance Corp.                            | Archrock Partners LP / Archrock Partners Finance Corp.                                       | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $200787.07    | 0.26%             | 2028-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                                                            | Tesla Auto Lease Trust, Series 2023-A, Class A3                                              | CUSIP: 88167PAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17390 | PA      | $17407.27     | 0.02%             | 2026-06-22      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Bills                                                                          | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1250000 | PA      | $1240410.81   | 1.64%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Veralto Corp.                                                                     | Veralto Corp.                                                                                | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126522.76    | 0.17%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Barings CLO Ltd.                                                                  | Barings CLO Ltd., Series 2023-1A, Class ER                                                   | CUSIP: 06763EAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $518619.34    | 0.68%             | 2038-04-20      | Floating      | 11.03%                | Yes           |                  2 | On Loan: No      |
| Whitebox CLO IV Ltd.                                                              | Whitebox CLO IV Ltd., Series 2023-4A, Class ER                                               | CUSIP: 96467LAE7<br>LEI: 549300SN372GTCE2YI66 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $506834.36    | 0.67%             | 2036-04-20      | Floating      | 10.76%                | Yes           |                  2 | On Loan: No      |
| Salesforce, Inc.                                                                  | Salesforce, Inc.                                                                             | CUSIP: 79466LAF1<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    325000 | PA      | $322828.77    | 0.43%             | 2028-04-11      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                                                             | Global Payments, Inc.                                                                        | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241920.26    | 0.32%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Invesco US CLO Ltd.                                                               | Invesco US CLO Ltd., Series 2023-2A, Class ER                                                | CUSIP: 46147LAE0<br>LEI: 2549000VWIHWVWECHQ22 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $255298.14    | 0.34%             | 2038-04-21      | Floating      | 12.20%                | Yes           |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                                          | Project Alpha Intermediate Holding, Inc., First Lien, Second Amendment Refinancing Term Loan | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $100583.50    | 0.13%             | 2030-10-28      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO 8 Ltd.                                                            | Birch Grove CLO 8 Ltd., Series 2024-8A, Class E                                              | CUSIP: 09077UAA0<br>LEI: 254900WH1INTG23INE62 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $507323.40    | 0.67%             | 2037-04-20      | Floating      | 11.37%                | Yes           |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                | General Motors Financial Co., Inc.                                                           | CUSIP: 37045XDA1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240259.57    | 0.32%             | 2027-08-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| IQVIA, Inc.                                                                       | IQVIA, Inc.                                                                                  | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     53000 | PA      | $54678.91     | 0.07%             | 2030-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 39 Ltd.                                        | Neuberger Berman Loan Advisers CLO 39 Ltd., Series 2020-39A, Class A1R                       | CUSIP: 64134GAL3<br>LEI: 549300VZYYV7KE4XNU69 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500901.52    | 0.66%             | 2038-04-20      | Floating      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO XVIII-R                                                                | Apidos CLO XVIII-R, Series 2018-18A, Class A1R2                                              | CUSIP: 03767NAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $501768.50    | 0.66%             | 2038-01-22      | Floating      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 36 Ltd.                                        | Neuberger Berman Loan Advisers CLO 36 Ltd., Series 2020-36A, Class ER2                       | CUSIP: 64133JAQ7<br>LEI: 549300MZGBBYK103F794 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251071.91    | 0.33%             | 2033-04-20      | Floating      | 11.57%                | Yes           |                  2 | On Loan: No      |
| Bryant Park Funding Ltd.                                                          | Bryant Park Funding Ltd., Series 2023-20A, Class DR                                          | CUSIP: 117919AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251188.45    | 0.33%             | 2038-04-15      | Floating      | 7.73%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd.                                                            | HUB International Ltd., First Lien, 2025 Incremental Term Loan, B                            | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |     84966 | PA      | $85316.52     | 0.11%             | 2030-06-20      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                                                    | Wyndham Hotels & Resorts, Inc.                                                               | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122361.16    | 0.16%             | 2028-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                                      | Verizon Communications, Inc.                                                                 | CUSIP: 92343VER1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195856.27    | 0.26%             | 2028-09-21      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Menlo CLO I Ltd.                                                                  | Menlo CLO I Ltd., Series 2024-1A, Class A1                                                   | CUSIP: 586915AA8<br>LEI: 2549005RHPY3C68SIP61 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $503880.37    | 0.66%             | 2038-01-20      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Quartz AcquireCo LLC                                                              | Quartz AcquireCo LLC, First Lien, Term Loan, B2                                              | CUSIP: 74773KAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200000 | PA      | $201000.00    | 0.27%             | 2030-06-28      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                                                | BMW US Capital LLC                                                                           | CUSIP: 05565EBJ3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62998.18     | 0.08%             | 2029-04-18      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Discover Card Execution Note Trust                                                | Discover Card Execution Note Trust, Series 2023-A1, Class A                                  | CUSIP: 254683CY9<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |    130000 | PA      | $129909.85    | 0.17%             | 2028-03-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Rad CLO 15 Ltd.                                                                   | Rad CLO 15 Ltd., Series 2021-15A, Class A1AR                                                 | CUSIP: 750103AJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 1.32%             | 2040-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ares LXXVI CLO Ltd.                                                               | Ares LXXVI CLO Ltd., Series 2025-76A, Class E                                                | CUSIP: 04021KAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $260495.52    | 0.34%             | 2038-05-27      | Floating      | 11.49%                | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO XXXII Ltd.                                            | Benefit Street Partners CLO XXXII Ltd., Series 2023-32A, Class E                             | CUSIP: 08181GAA6<br>LEI: 2549003NV71H6I4TDQ63 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $508322.53    | 0.67%             | 2036-10-25      | Floating      | 11.63%                | Yes           |                  2 | On Loan: No      |
| Elmwood CLO X Ltd.                                                                | Elmwood CLO X Ltd., Series 2021-3A, Class DR                                                 | CUSIP: 29002VAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002532.56   | 2.64%             | 2034-04-20      | Floating      | 7.57%                 | Yes           |                  2 | On Loan: No      |
| Light & Wonder International, Inc.                                                | Light & Wonder International, Inc.                                                           | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103088.07    | 0.14%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO VIII Ltd.                                                             | Elmwood CLO VIII Ltd., Series 2021-1A, Class AR                                              | CUSIP: 29003EAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $807168.66    | 1.06%             | 2037-04-20      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Corp.                                                                 | Duke Energy Corp.                                                                            | CUSIP: 26441CAX3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294027.57    | 0.39%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Bills                                                                          | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    500000 | PA      | $493385.63    | 0.65%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| S&P Global, Inc.                                                                  | S&P Global, Inc.                                                                             | CUSIP: 78409VBH6<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    325000 | PA      | $316395.58    | 0.42%             | 2027-03-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance Trust                                               | Citibank Credit Card Issuance Trust, Series 2023-A1, Class A1                                | CUSIP: 17305EGW9<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $170534.80    | 0.22%             | 2027-12-08      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO 6 Ltd.                                                           | Silver Point CLO 6 Ltd., Series 2024-6A, Class D1                                            | CUSIP: 82808MAJ2<br>LEI: 254900RSFBN3VCGBVP05 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $496745.92    | 0.66%             | 2037-10-15      | Floating      | 7.56%                 | Yes           |                  2 | On Loan: No      |
| Ares XXXIX CLO Ltd.                                                               | Ares XXXIX CLO Ltd., Series 2016-39A, Class AR3                                              | CUSIP: 04015WBL7<br>LEI: 5493005YAOTYJUJV3S58 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004501.05   | 1.32%             | 2037-07-18      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Cotiviti, Inc.                                                                    | Cotiviti, Inc., First Lien, New Term Loan, B                                                 | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |     99250 | PA      | $98909.08     | 0.13%             | 2031-05-01      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO Ltd.                                                               | Shackleton CLO Ltd., Series 2015-7RA, Class ARR                                              | CUSIP: 81883AAS8<br>LEI: 549300NCJRO2LKFZ8G86 | Long             | ABS-CBDO         | CORP              | KY        |    644119 | PA      | $644635.14    | 0.85%             | 2031-07-15      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| International Business Machines Corp.                                             | International Business Machines Corp.                                                        | CUSIP: 459200JR3<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    325000 | PA      | $320965.20    | 0.42%             | 2027-01-27      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                                                  | Oaktree CLO Ltd., Series 2022-1A, Class ERR                                                  | CUSIP: 67402NAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 1.32%             | 2038-07-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Citizens Auto Receivables Trust                                                   | Citizens Auto Receivables Trust, Series 2024-1, Class A3                                     | CUSIP: 17331QAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    724000 | PA      | $728090.31    | 0.96%             | 2028-04-17      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| Clean Harbors, Inc.                                                               | Clean Harbors, Inc.                                                                          | CUSIP: 184496AP2<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123806.66    | 0.16%             | 2029-07-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Crown Americas LLC / Crown Americas Capital Corp. V                               | Crown Americas LLC / Crown Americas Capital Corp. V                                          | CUSIP: 22819KAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99502.17     | 0.13%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC                                                    | Raven Acquisition Holdings LLC                                                               | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $150381.31    | 0.20%             | 2031-11-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| A-AP Buyer, Inc.                                                                  | A-AP Buyer, Inc., First Lien, Initial Term Loan                                              | CUSIP: 00036FAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199499 | PA      | $199623.43    | 0.26%             | 2031-09-09      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                               | Toyota Auto Receivables Owner Trust, Series 2025-B, Class A2A                                | CUSIP: 89231HAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70000 | PA      | $70122.56     | 0.09%             | 2028-03-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Astoria Energy LLC                                                                | Astoria Energy LLC, First Lien, Term Loan, B                                                 | CUSIP: 04626LAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    150000 | PA      | $150406.50    | 0.20%             | 2032-06-14      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust LP                                                           | Digital Realty Trust LP                                                                      | CUSIP: 25389JAR7<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246936.14    | 0.33%             | 2027-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Mueller Water Products, Inc.                                                      | Mueller Water Products, Inc.                                                                 | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |     43000 | PA      | $41313.26     | 0.05%             | 2029-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Eaton Vance CLO Ltd.                                               | Morgan Stanley Eaton Vance CLO Ltd., Series 2023-19A, Class D1R                              | CUSIP: 617934AU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001563.90   | 1.32%             | 2038-07-15      | Floating      | 7.31%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers NBLA CLO 52 Ltd.                                   | Neuberger Berman Loan Advisers NBLA CLO 52 Ltd., Series 2022-52A, Class AR                   | CUSIP: 64135FAN0<br>LEI: 5493008RV69QDGFCMY47 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1004001.40   | 1.32%             | 2038-10-24      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| American Builders & Contractors Supply Co., Inc.                                  | American Builders & Contractors Supply Co., Inc.                                             | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    145000 | PA      | $141921.08    | 0.19%             | 2028-01-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                             | NextEra Energy Capital Holdings, Inc.                                                        | CUSIP: 65339KBY5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289420.95    | 0.38%             | 2027-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                                | Southern Co. (The)                                                                           | CUSIP: 842587DD6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177688.87    | 0.23%             | 2027-08-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc.                                       | Apollo Commercial Real Estate Finance, Inc., First Lien, Initial Term Loan                   | CUSIP: 03768DAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200000 | PA      | $200750.00    | 0.26%             | 2030-06-13      | Variable      | 7.56%                 | No            |                  2 | On Loan: No      |
| Boost Newco Borrower LLC                                                          | Boost Newco Borrower LLC, First Lien, Term Loan, B2                                          | CUSIP: 92943EAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199500 | PA      | $200248.13    | 0.26%             | 2031-01-31      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                             | GM Financial Automobile Leasing Trust, Series 2024-1, Class A3                               | CUSIP: 36269FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    133000 | PA      | $133425.64    | 0.18%             | 2027-03-22      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Pike Corp.                                                                        | Pike Corp.                                                                                   | CUSIP: 721283AA7<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75003.11     | 0.10%             | 2028-09-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| John Deere Owner Trust                                                            | John Deere Owner Trust, Series 2025-A, Class A2A                                             | CUSIP: 47800DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $49978.70     | 0.07%             | 2028-03-15      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| WMG Acquisition Corp.                                                             | WMG Acquisition Corp.                                                                        | CUSIP: 92933BAQ7<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |    175000 | PA      | $163682.75    | 0.22%             | 2030-07-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| WEX, Inc.                                                                         | WEX, Inc.                                                                                    | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161524.32    | 0.21%             | 2033-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Ryan Specialty Group LLC                                                          | Ryan Specialty Group LLC, First Lien, Term Loan, B1                                          | CUSIP: 78350UAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199499 | PA      | $199748.12    | 0.26%             | 2031-09-15      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Gartner, Inc.                                                                     | Gartner, Inc.                                                                                | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148545.05    | 0.20%             | 2028-07-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| LCM 26 Ltd.                                                                       | LCM 26 Ltd., Series 26A, Class A1                                                            | CUSIP: 50200FAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    140295 | PA      | $140366.26    | 0.19%             | 2031-01-20      | Floating      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| Global Medical Response, Inc.                                                     | Global Medical Response, Inc., First Lien, 2024 Extended Term Loan                           | CUSIP: 00169QAG4<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |    100000 | PA      | $100264.00    | 0.13%             | 2028-10-31      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                    | Broadcom, Inc.                                                                               | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74612.42     | 0.10%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Dryden 80 CLO Ltd.                                                                | Dryden 80 CLO Ltd., Series 2019-80A, Class DR                                                | CUSIP: 26245JAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    475000 | PA      | $466109.09    | 0.61%             | 2033-01-17      | Floating      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Star Holding LLC                                                                  | Star Holding LLC                                                                             | CUSIP: 85513AAA6<br>LEI: 254900BDGPE9N1WAKD59 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117952.10    | 0.16%             | 2031-08-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding IV CLO Ltd.                                                         | Cedar Funding IV CLO Ltd., Series 2014-4A, Class AR3                                         | CUSIP: 150323BL6<br>LEI: 549300PPJP6KEORGHQ85 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502034.01    | 0.66%             | 2038-01-23      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Grinding Media, Inc.                                                              | Grinding Media, Inc., First Lien, Term Loan, B                                               | CUSIP: 39854KAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99250 | PA      | $98629.69     | 0.13%             | 2028-10-12      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| Fair Isaac Corp.                                                                  | Fair Isaac Corp.                                                                             | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85991.59     | 0.11%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| HAH Group Holding Co. LLC                                                         | HAH Group Holding Co. LLC                                                                    | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124016.03    | 0.16%             | 2031-10-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                                                           | BMW Vehicle Lease Trust, Series 2023-2, Class A3                                             | CUSIP: 055979AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     32392 | PA      | $32508.96     | 0.04%             | 2026-09-25      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte. Ltd.                                           | Pfizer Investment Enterprises Pte. Ltd.                                                      | CUSIP: 716973AC6<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    150000 | PA      | $151231.56    | 0.20%             | 2028-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                  | CVS Health Corp.                                                                             | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75108.73     | 0.10%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                                      | Dell Equipment Finance Trust, Series 2023-1, Class A3                                        | CUSIP: 24702HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37168 | PA      | $37253.84     | 0.05%             | 2028-09-22      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Gm Financial Automobile Leasing Trust                                             | Gm Financial Automobile Leasing Trust, Series 2025-2, Class A2A                              | CUSIP: 362962AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $50140.30     | 0.07%             | 2027-07-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy, Inc.                                                             | Cheniere Energy, Inc.                                                                        | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124863.25    | 0.16%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Zegona Finance plc                                                                | Zegona Finance plc                                                                           | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |     75000 | PA      | $80212.13     | 0.11%             | 2029-07-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Novelis Corp.                                                                     | Novelis Corp.                                                                                | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     90000 | PA      | $80941.52     | 0.11%             | 2031-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Boxer Parent Co., Inc.                                                            | Boxer Parent Co., Inc., First Lien, 2031 Replacement Dollar Term Loan, B                     | CUSIP: 05988HAQ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99750 | PA      | $99244.77     | 0.13%             | 2031-07-30      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| 7-Eleven, Inc.                                                                    | 7-Eleven, Inc.                                                                               | CUSIP: 817826AD2<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    165000 | PA      | $152219.34    | 0.20%             | 2028-02-10      | Fixed         | 1.30%                 | Yes           |                  2 | On Loan: No      |
| ZF North America Capital, Inc.                                                    | ZF North America Capital, Inc.                                                               | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86541.19     | 0.11%             | 2030-04-23      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Crown Americas LLC                                                                | Crown Americas LLC                                                                           | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35261.10     | 0.05%             | 2033-06-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Capital One Multi-Asset Execution Trust                                           | Capital One Multi-Asset Execution Trust, Series 2023-A1, Class A                             | CUSIP: 14041NGD7<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $150186.59    | 0.20%             | 2028-05-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                         | SFS Auto Receivables Securitization Trust, Series 2023-1A, Class A3                          | CUSIP: 78398AAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    129688 | PA      | $130571.81    | 0.17%             | 2028-10-20      | Fixed         | 5.47%                 | Yes           |                  2 | On Loan: No      |
| AbbVie, Inc.                                                                      | AbbVie, Inc.                                                                                 | CUSIP: 00287YBF5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125634.26    | 0.17%             | 2028-11-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Standard Industries, Inc.                                                         | Standard Industries, Inc.                                                                    | CUSIP: 853496AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $173181.35    | 0.23%             | 2028-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Empower CLO Ltd.                                                                  | Empower CLO Ltd., Series 2023-1A, Class D1R                                                  | CUSIP: 29244CAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1021643.21   | 1.35%             | 2038-04-25      | Floating      | 8.16%                 | Yes           |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Trust                                                  | Harley-Davidson Motorcycle Trust, Series 2024-A, Class A3                                    | CUSIP: 412922AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     60000 | PA      | $60659.95     | 0.08%             | 2029-03-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Dryden 30 Senior Loan Fund                                                        | Dryden 30 Senior Loan Fund, Series 2013-30A, Class DR                                        | CUSIP: 26249BAW1<br>LEI: 549300AS2O1RYPD2ED41 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501280.68    | 0.66%             | 2028-11-15      | Floating      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| Highbridge Loan Management Ltd.                                                   | Highbridge Loan Management Ltd., Series 5A-2015, Class DR3                                   | CUSIP: 44331DAY5<br>LEI: 54930067MZ9NV8B3SZ80 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $497703.76    | 0.66%             | 2030-10-15      | Floating      | 7.26%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                                           | Quikrete Holdings, Inc., First Lien, Term Loan, B3                                           | CUSIP: 74839XAL3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99750 | PA      | $99737.53     | 0.13%             | 2032-02-10      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO X Ltd.                                                                | Elmwood CLO X Ltd., Series 2021-3A, Class DR2                                                | CUSIP: 29002VBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 1.32%             | 2038-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Pre-Paid Legal Services, Inc.                                                     | Pre-Paid Legal Services, Inc., First Lien, Initial Term Loan, B                              | CUSIP: 74006LAS1<br>LEI: 549300DKH5WJ2J8QU878 | Long             | LON              | CORP              | US        |     98991 | PA      | $98581.23     | 0.13%             | 2028-12-15      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Empower CLO Ltd.                                                                  | Empower CLO Ltd., Series 2023-1A, Class ER                                                   | CUSIP: 29244NAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $254899.94    | 0.34%             | 2038-04-25      | Floating      | 11.65%                | Yes           |                  2 | On Loan: No      |
| Enbridge, Inc.                                                                    | Enbridge, Inc.                                                                               | CUSIP: 29250NBY0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $160542.52    | 0.21%             | 2030-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| VOC Escrow Ltd.                                                                   | VOC Escrow Ltd.                                                                              | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    138000 | PA      | $137389.16    | 0.18%             | 2028-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd.                                                                     | Voya CLO Ltd., Series 2017-3A, Class CRR                                                     | CUSIP: 92915QBN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004771.04   | 1.33%             | 2034-04-20      | Floating      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| MasTec, Inc.                                                                      | MasTec, Inc.                                                                                 | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148044.54    | 0.20%             | 2028-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Bills                                                                          | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    750000 | PA      | $740666.48    | 0.98%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp.                                                                    | Amphenol Corp.                                                                               | CUSIP: 032095AH4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65299.68     | 0.09%             | 2029-06-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Keurig Dr. Pepper, Inc.                                                           | Keurig Dr. Pepper, Inc.                                                                      | CUSIP: 49271VAP5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167273.06    | 0.22%             | 2029-04-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                               | Toyota Auto Receivables Owner Trust, Series 2025-A, Class A2A                                | CUSIP: 89240JAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $169916.84    | 0.22%             | 2027-11-15      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp.                                                            | ON Semiconductor Corp.                                                                       | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106504.09    | 0.14%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Crown Castle, Inc.                                                                | Crown Castle, Inc.                                                                           | CUSIP: 22822VAK7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245664.07    | 0.32%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd.                                                                 | CIFC Funding Ltd., Series 2018-1A, Class A1R                                                 | CUSIP: 17181NAC8<br>LEI: 635400VBVF8AYJQBI411 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500926.28    | 0.66%             | 2038-01-18      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| GFL Environmental, Inc.                                                           | GFL Environmental, Inc.                                                                      | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $130959.13    | 0.17%             | 2031-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                                                  | Oaktree CLO Ltd., Series 2022-1A, Class DRR                                                  | CUSIP: 67402LAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 1.32%             | 2038-07-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners Static Ltd.                                                | Golub Capital Partners Static Ltd., Series 2024-1A, Class AR                                 | CUSIP: 381929AN8<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001500.00   | 2.64%             | 2035-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Blackstone Mortgage Trust, Inc.                                                   | Blackstone Mortgage Trust, Inc.                                                              | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146283.72    | 0.19%             | 2027-01-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                          | Ford Credit Floorplan Master Owner Trust, Series 2023-1, Class A1                            | CUSIP: 34528QHV9<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |    145000 | PA      | $145677.50    | 0.19%             | 2028-05-15      | Fixed         | 4.92%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                         | XPLR Infrastructure Operating Partners LP                                                    | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146313.60    | 0.19%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| American Honda Finance Corp.                                                      | American Honda Finance Corp.                                                                 | CUSIP: 02665WFV8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    295000 | PA      | $295202.92    | 0.39%             | 2026-05-21      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Capital One Multi-Asset Execution Trust                                           | Capital One Multi-Asset Execution Trust, Series 2022-A3, Class A                             | CUSIP: 14041NGB1<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |    135000 | PA      | $135171.61    | 0.18%             | 2027-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AES Corp. (The)                                                                   | AES Corp. (The)                                                                              | CUSIP: 00130HCH6<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204430.24    | 0.27%             | 2028-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Notes                                                                          | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    550000 | PA      | $547292.97    | 0.72%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Match Group Holdings II LLC                                                       | Match Group Holdings II LLC                                                                  | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146478.72    | 0.19%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Palmer Square Funds Trust

**Signature:** /s/ Jeffrey D. Fox

**Name of Signer:** Jeffrey D. Fox

**Title:** Principal Executive Officer