# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-26-025023
**Filing Date:** 2026-6
**Character Count:** 113016
**Document Hash:** ba0244f6a6ded19b6c55379c32a508dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025023.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0000940400-26-025023

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260622

**DATE AS OF CHANGE**: 20260622

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 261107520

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Securitized Income Fund (Series ID: S000076847)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000236944 | Payden Securitized Income Fund (Investor Class) | PYSFX           |
| C000236945 | Payden Securitized Income Fund (SI Class)       | PYSCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Securitized Income Fund

- **b. EDGAR series identifier (if any):** S000076847

- **c. LEI of Series:** 5493006B73QWG4AQGF75

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $121077163.37

**Total Liabilities:** $2967329.11

**Net Assets:** $118109834.26

**Delayed Delivery Securities:** $1235000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 66.00000000 | **5-Year:** 645.00000000 | **10-Year:** 5707.00000000 | **30-Year:** 15972.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 18.00000000 | **10-Year:** 161.00000000 | **30-Year:** 6885.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236944 | 0.49%                | -0.38%               | 0.52%                |
| Class ID C000236945 | 0.60%                | -0.37%               | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-42160.70               | $61868.45                                  |
| Month 2  | $5906.31                 | $-790778.43                                |
| Month 3  | $-9986.11                | $169914.73                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MORGAN STANLEY & CO. LLC                                     | EUR/USD FORWARD                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-52017.66    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-BIO2                       | BX 2024-BIO2 A                                      | CUSIP: 05613GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    196020 | PA      | $196078.02    | 0.17%             | 2041-08-15      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| LEX 2024-BBG MORTGAGE TRUST                                  | LEX 2024-BBG A                                      | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $698784.59    | 0.59%             | 2033-10-14      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| HOTWIRE FUNDING LLC                                          | HWIRE 2021-1 B                                      | CUSIP: 44148JAB5<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $592685.76    | 0.50%             | 2051-11-20      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| PFP 2026-13 LTD                                              | PFP 2026-13 C                                       | CUSIP: 716966AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    525000 | PA      | $526260.00    | 0.45%             | 2043-08-18      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2016-FL1 LTD       | ARCREN 2025-FL1 B                                   | CUSIP: 03881KAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $350632.14    | 0.30%             | 2043-01-21      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| ALLY BANK                                                    | ABCLN 2025-B E                                      | CUSIP: 02007G6S7<br>LEI: 549300C04BJ0G297NC13 | Long             | ABS-O            | CORP              | US        |    198973 | PA      | $198936.13    | 0.17%             | 2033-09-15      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| HONDA AUTO RECEIVABLES 2024-4 OWNER TRUST                    | HAROT 2024-4 A3                                     | CUSIP: 43816DAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1467293 | PA      | $1470749.36   | 1.25%             | 2029-05-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC                           | MNET 2025-4A C                                      | CUSIP: 59170JBH0<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $453335.67    | 0.38%             | 2055-12-22      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| NEUBERGER BERMAN LOAN ADVISERS CLO 46 LTD                    | NEUB 2021-46A CR                                    | CUSIP: 64134QAN7<br>LEI: 549300LCOEVXWN75LP18 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400543.60    | 0.34%             | 2037-01-21      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM2 TRUST                                          | OBX 2025-NQM2 A1                                    | CUSIP: 67120VAA3<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-O            | CORP              | US        |    543474 | PA      | $547116.68    | 0.46%             | 2064-11-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| STWD 2022-FL3 LTD                                            | STWD 2022-FL3 A                                     | CUSIP: 78485KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     41664 | PA      | $41707.59     | 0.04%             | 2038-11-18      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2026-1250B             | WFCM 2026-1250B E                                   | CUSIP: 949939AJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $255278.23    | 0.22%             | 2041-03-12      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA7                      | STACR 2021-DNA7 B2                                  | CUSIP: 35564KNE5<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-O            | USGSE             | US        |    400000 | PA      | $413719.68    | 0.35%             | 2041-11-25      | Floating      | 11.45%                | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2022-DNA3                      | STACR 2022-DNA3 B2                                  | CUSIP: 35564KWG0<br>LEI: 5493000IS4M3TZMRB410 | Long             | ABS-O            | USGSE             | US        |    100000 | PA      | $107609.92    | 0.09%             | 2042-04-25      | Floating      | 13.40%                | No            |                  2 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO XXIV LTD                         | BSP 2021-24A AR                                     | CUSIP: 08182NAJ1<br>LEI: 254900F6RDYGOMBGPF86 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499707.00    | 0.42%             | 2034-10-20      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM3                    | BRAVO 2026-NQM4 A3                                  | CUSIP: 10570XAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    992633 | PA      | $993807.79    | 0.84%             | 2066-03-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                           | BX 2025-VLT7 E                                      | CUSIP: 123913AJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $350271.95    | 0.30%             | 2044-07-15      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE EUROPEAN LOAN FUNDING 2025-2 DAC               | PSTET 2025-2A C                                     | CUSIP: 000000000<br>LEI: 254900595EZPT26ANZ17 | Long             | ABS-O            | CORP              | IE        |    300000 | PA      | $353393.88    | 0.30%             | 2035-02-15      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST 2026-1                      | SCLP 2026-1 C                                       | CUSIP: 83408AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $297580.14    | 0.25%             | 2035-12-26      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST 20                          | OMFIT 2022-S1 D                                     | CUSIP: 68267HAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    390000 | PA      | $390611.29    | 0.33%             | 2035-05-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LMDV ISSUER COMPANY LLC                                      | LMDV 2025-1A B                                      | CUSIP: 538908AC8<br>LEI: 254900A6HRP8XHJJGM20 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500770.40    | 0.42%             | 2055-12-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2022-DNA2                      | STACR 2022-DNA2 B2                                  | CUSIP: 35564KSQ3<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-O            | USGSE             | US        |    600000 | PA      | $632709.72    | 0.54%             | 2042-02-25      | Floating      | 12.15%                | No            |                  2 | On Loan: No      |
| MF1 2025-FL19 LLC                                            | MF1 2025-FL19 A                                     | CUSIP: 55287KAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    520000 | PA      | $521342.59    | 0.44%             | 2042-05-18      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| BX 2025-BIO3 MORTGAGE TRUST                                  | BX 2025-BIO3 A                                      | CUSIP: 123911AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $608176.80    | 0.51%             | 2042-02-12      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2026-CES4                                | RCKT 2026-CES4 A3                                   | CUSIP: 74940CAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $598680.00    | 0.51%             | 2056-04-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-8                            | VERUS 2025-8 M1                                     | CUSIP: 924930AH3<br>LEI: 213800K8E68XJS6Z1D09 | Long             | ABS-O            | CORP              | US        |    409000 | PA      | $407150.87    | 0.34%             | 2070-09-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2018-BIOA                       | BX 2026-RISE C                                      | CUSIP: 05595AAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300626.52    | 0.25%             | 2041-04-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CEDR COMMERCIAL MORTGAGE TRUST 2022-SNAI                     | CEDR 2022-SNAI D                                    | CUSIP: 12524AAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $391220.72    | 0.33%             | 2039-02-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE EUROPEAN LOAN FUNDING 2025-3 DAC               | PSTET 2025-3A C                                     | CUSIP: 000000000<br>LEI: 254900VGFCQBASWATQ78 | Long             | ABS-O            | CORP              | IE        |    400000 | PA      | $472818.33    | 0.40%             | 2035-07-15      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2022-R05 2B2                                    | CUSIP: 20754DAJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    500000 | PA      | $526853.80    | 0.45%             | 2042-04-25      | Floating      | 10.65%                | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST 2021-909                       | NYC 2025-28L A                                      | CUSIP: 67123JAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $498915.00    | 0.42%             | 2038-11-05      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC 2024-1                                 | SWTCH 2024-2A B                                     | CUSIP: 871044AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $491450.05    | 0.42%             | 2054-06-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| ARES COMMERCIAL MORTGAGE TRUST 2024-IND                      | ARES1 2024-IND A                                    | CUSIP: 03990DAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    570000 | PA      | $571747.28    | 0.48%             | 2041-07-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| SCULPTOR EUROPEAN CLO XIII DAC                               | SCULE 13X C                                         | CUSIP: 000000000<br>LEI: 635400AEWKYSCOEXA293 | Long             | ABS-O            | CORP              | IE        |    280000 | PA      | $329690.68    | 0.28%             | 2039-07-15      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2023-LIFE                                           | BX 2023-LIFE B                                      | CUSIP: 05609DAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    305000 | PA      | $298560.63    | 0.25%             | 2028-02-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H1 MORTGAGE TRUST                                 | CROSS 2025-H1 M1                                    | CUSIP: 22758NAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $291409.98    | 0.25%             | 2070-02-25      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2024-2 LLC                        | EFF 2024-2 A2                                       | CUSIP: 29375RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37900 | PA      | $37936.31     | 0.03%             | 2026-12-20      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2022-R01 1B2                                    | CUSIP: 20754LAJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    500000 | PA      | $514163.80    | 0.44%             | 2041-12-26      | Floating      | 9.65%                 | No            |                  2 | On Loan: No      |
| BDS 2025-FL15 LLC                                            | BDS 2025-FL15 A                                     | CUSIP: 05556EAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    800000 | PA      | $800496.72    | 0.68%             | 2043-03-19      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| CEDAR FUNDING VI CLO LTD                                     | CEDF 2016-6A AR3                                    | CUSIP: 15032DAZ4<br>LEI: 549300PQ60B57EBTK013 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $749511.00    | 0.63%             | 2034-04-20      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust 2022- P2                      | CRVNA 2022-P3 A3                                    | CUSIP: 14686MAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18359 | PA      | $18361.95     | 0.02%             | 2027-11-10      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2022-R05 2M1                                    | CUSIP: 20754DAA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     26435 | PA      | $26443.35     | 0.02%             | 2042-04-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-XL4                        | BX 2024-XL4 B                                       | CUSIP: 05611VAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    318075 | PA      | $318752.51    | 0.27%             | 2039-02-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| COLT 2026-3 MORTGAGE LOAN TRUST                              | COLT 2026-3 A3                                      | CUSIP: 19689GAK8<br>LEI: 213800CETFGZSOQ6WF79 | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $299550.00    | 0.25%             | 2071-05-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-BCAT                       | BX 2025-BCAT D                                      | CUSIP: 12433HAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330002 | PA      | $331811.38    | 0.28%             | 2042-08-15      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                           | BX 2024-XL5 C                                       | CUSIP: 05612GAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280000 | PA      | $280639.07    | 0.24%             | 2041-03-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2013-2                   | EART 2026-2A D                                      | CUSIP: 30166WAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $403117.36    | 0.34%             | 2032-08-16      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2021-R03 1B2                                    | CUSIP: 20754AAJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    500000 | PA      | $512378.65    | 0.43%             | 2041-12-26      | Floating      | 9.15%                 | No            |                  2 | On Loan: No      |
| LIFE 2022-BMR2 MORTGAGE TRUST                                | LIFE 2022-BMR2 B                                    | CUSIP: 53218DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $275560.05    | 0.23%             | 2039-05-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| LOANCORE 2025-CRE8 ISSUER LLC                                | LNCR 2025-CRE8 A                                    | CUSIP: 53947FAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1000745.20   | 0.85%             | 2042-08-18      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| PIKES PEAK CLO 22                                            | PIPK 2026-22A D1                                    | CUSIP: 720921AJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400000.00    | 0.34%             | 2039-04-20      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO 2021-4 LTD                           | BCC 2021-4A A1RR                                    | CUSIP: 05685ABA5<br>LEI: 254900YJBP8866ZPO033 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998986.00    | 0.85%             | 2034-10-20      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| INVESCO CLO 2022-1 LTD                                       | INVCO 2022-1A B                                     | CUSIP: 460988AC2<br>LEI: 2138003W7QBGJSA8VF04 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $249995.00    | 0.21%             | 2035-04-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST 2012 ABS                               | ARIFL 2023-B A2                                     | CUSIP: 04033GAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    151756 | PA      | $152495.62    | 0.13%             | 2032-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-VLT6                                           | BX 2025-VLT6 D                                      | CUSIP: 12433KAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $348195.09    | 0.29%             | 2042-03-17      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-INV1                         | VERUS 2025-INV1 A1                                  | CUSIP: 924929AC6<br>LEI: 213800YO7QOQOFRSRN78 | Long             | ABS-O            | CORP              | US        |    645654 | PA      | $650054.72    | 0.55%             | 2070-02-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| HOTWIRE FUNDING LLC                                          | HWIRE 2023-1A B                                     | CUSIP: 44148HAC7<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $303323.94    | 0.26%             | 2053-05-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM2 TRUST                                          | OBX 2025-NQM2 M1                                    | CUSIP: 67120VAD7<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-O            | CORP              | US        |    330000 | PA      | $333467.18    | 0.28%             | 2064-11-25      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2022-R02 2B1                                    | CUSIP: 20754BAF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    174000 | PA      | $178037.58    | 0.15%             | 2042-01-27      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| DRIVEN BRANDS FUNDING LLC                                    | HONK 2020-1A A2                                     | CUSIP: 26209XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100308 | PA      | $97055.82     | 0.08%             | 2050-07-20      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-7                            | VERUS 2024-7 B2                                     | CUSIP: 924925AH3<br>LEI: 213800HQOHEFNJCQYJ07 | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $353314.99    | 0.30%             | 2069-09-25      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R01                 | CAS 2021-R01 1B2                                    | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    400000 | PA      | $408351.52    | 0.35%             | 2041-10-25      | Floating      | 9.65%                 | No            |                  2 | On Loan: No      |
| CARMAX SELECT RECEIVABLES TRUST 2025-A                       | CMXS 2025-A C                                       | CUSIP: 14319UAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $294767.80    | 0.25%             | 2031-07-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R03                 | CAS 2025-R02 1M2                                    | CUSIP: 20754TAD4<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    250000 | PA      | $250996.10    | 0.21%             | 2045-02-27      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM18 TRUST                                         | OBX 2024-NQM18 M1                                   | CUSIP: 673913AD1<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252042.25    | 0.21%             | 2064-10-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-2                | SDART 2025-2 D                                      | CUSIP: 80287NAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $293037.34    | 0.25%             | 2031-05-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-9                            | VERUS 2024-9 A1                                     | CUSIP: 92540RAC8<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-O            | CORP              | US        |    370593 | PA      | $372388.72    | 0.32%             | 2069-11-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES5                                | RCKT 2025-CES5 A1A                                  | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-O            | CORP              | US        |    667599 | PA      | $672912.48    | 0.57%             | 2055-05-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec                               | American Credit Acceptance Receivables Trust 2026-2 | CUSIP: 02528FAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $398120.00    | 0.34%             | 2032-06-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2025-P1                       | CRVNA 2025-P1 A2                                    | CUSIP: 14689MAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49172 | PA      | $49186.21     | 0.04%             | 2028-06-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLT 2025-1 MORTGAGE LOAN TRUST                              | COLT 2025-1 M1                                      | CUSIP: 196920AF9<br>LEI: 21380069FFOP8RZNF423 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $253409.80    | 0.21%             | 2070-01-27      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC                           | MNET 2026-1A C                                      | CUSIP: 59170JBL1<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $503950.70    | 0.43%             | 2056-04-20      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| KRE COMMERCIAL MORTGAGE TRUST 2026-ICNA                      | KRE 2026-ICNA C                                     | CUSIP: 48275LAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $301652.10    | 0.26%             | 2043-05-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM                                   | SCLP 2025-3 C                                       | CUSIP: 83390JAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $396625.68    | 0.34%             | 2034-08-15      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA6                      | STACR 2021-DNA6 B2                                  | CUSIP: 35564KLV9<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-O            | USGSE             | US        |    550000 | PA      | $565462.70    | 0.48%             | 2041-10-25      | Floating      | 11.15%                | No            |                  2 | On Loan: No      |
| ANCHORAGE CAPITAL CLO 2012-1 LTD                             | ANCHC 2026-36A D                                    | CUSIP: 03333PAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400000.00    | 0.34%             | 2039-04-15      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| LOANCORE 2025-CRE8 ISSUER LLC                                | LNCR 2025-CRE8 AS                                   | CUSIP: 53947FAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    360000 | PA      | $359523.65    | 0.30%             | 2042-08-18      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| CARMAX SELECT RECEIVABLES TRUST 2025-B                       | CMXS 2025-B D                                       | CUSIP: 14320BAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $401771.88    | 0.34%             | 2031-07-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| OBX 2026-NQM2 TRUST                                          | OBX 2026-NQM4 A1                                    | CUSIP: 67124FAF3<br>LEI: 2549007DTHVTGCMU8X03 | Long             | ABS-O            | CORP              | US        |    496062 | PA      | $496594.91    | 0.42%             | 2066-02-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2020-1                 | WLAKE 2023-4A D                                     | CUSIP: 96041AAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    405000 | PA      | $415463.74    | 0.35%             | 2029-07-16      | Fixed         | 7.19%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2023-DNA2                      | STACR 2023-DNA2 M1A                                 | CUSIP: 35564KT58<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-O            | USGSE             | US        |    946752 | PA      | $958948.39    | 0.81%             | 2043-04-25      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| BXMT 2025-FL5 LTD                                            | BXMT 2025-FL5 B                                     | CUSIP: 05613YAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400942.80    | 0.34%             | 2042-10-20      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2022-R06 1B2                                    | CUSIP: 20754NAR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    500000 | PA      | $546003.40    | 0.46%             | 2042-05-27      | Floating      | 14.25%                | No            |                  2 | On Loan: No      |
| OCP CLO 2024-35 LTD                                          | OCP 2024-35A D1                                     | CUSIP: 671060AJ0<br>LEI: 2138008SMV573POQTV86 | Long             | ABS-CBDO         | CORP              | JE        |    400000 | PA      | $401211.20    | 0.34%             | 2037-10-26      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| SCG TRUST 2025-SNIP                                          | SCG 2025-SNIP A                                     | CUSIP: 78398JAA2<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $752923.65    | 0.64%             | 2042-09-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| GOLDENTREE LOAN MANAGEMENT EUR CLO 7 DAC                     | GLME 7A BR                                          | CUSIP: 000000000<br>LEI: 549300O3AX8Z1RQYEB12 | Long             | ABS-O            | CORP              | IE        |    450000 | PA      | $525278.38    | 0.44%             | 2037-07-20      | Floating      | 3.84%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2023-4                     | GCAR 2023-4A D                                      | CUSIP: 362929AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    201000 | PA      | $206749.24    | 0.18%             | 2029-08-15      | Fixed         | 7.18%                 | No            |                  2 | On Loan: No      |
| DGWD TRUST 2025-INFL                                         | DGWD 2025-INFL A                                    | CUSIP: 23347FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $601822.44    | 0.51%             | 2035-08-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| INVESCO EURO CLO I DAC                                       | INVSC 1A DRR                                        | CUSIP: 000000000<br>LEI: 549300GHZE7CYFQDBC40 | Long             | ABS-O            | CORP              | IE        |    500000 | PA      | $586825.00    | 0.50%             | 2039-04-15      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                           | BX 2025-VOLT D                                      | CUSIP: 05619PAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $299605.20    | 0.25%             | 2044-12-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| BSPRT 2026-FL13 ISSUER LLC                                   | BSPRT 2026-FL13 C                                   | CUSIP: 05620GAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500924.40    | 0.42%             | 2043-10-19      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 41 LTD                           | OCT41 2019-2A A1R2                                  | CUSIP: 67592FBA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $599512.80    | 0.51%             | 2033-10-17      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                             | VBTEL 2024-1A F                                     | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $307603.14    | 0.26%             | 2054-05-15      | Fixed         | 8.87%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2014/1          | ACAR 2025-2 D                                       | CUSIP: 024938AG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $403313.60    | 0.34%             | 2031-07-14      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KKR CLO 18 LTD                                               | KKR 18 A1R2                                         | CUSIP: 48251JAS2<br>LEI: 54930088PYF0FHKY5C94 | Long             | ABS-CBDO         | CORP              | KY        |    634949 | PA      | $635019.02    | 0.54%             | 2035-10-18      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2025-NQM1                         | JPMMT 2025-NQM1 A1                                  | CUSIP: 46593QAC2<br>LEI: 529900AW45JIN41HJ284 | Long             | ABS-O            | CORP              | US        |    573716 | PA      | $576976.72    | 0.49%             | 2065-06-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2021-R02 2B2                                    | CUSIP: 20754KAJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    750000 | PA      | $769101.15    | 0.65%             | 2041-11-25      | Floating      | 9.85%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-VLT6                                           | BX 2025-VLT6 C                                      | CUSIP: 12433KAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $348082.11    | 0.29%             | 2042-03-17      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                           | BX 2025-TAIL A                                      | CUSIP: 123912AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $350665.81    | 0.30%             | 2035-06-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-1                 | WLAKE 2025-1A A2A                                   | CUSIP: 96043VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    129612 | PA      | $129741.25    | 0.11%             | 2028-01-18      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST 2025-S1                         | DRIVE 2025-S1 R1                                    | CUSIP: 26210HAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    156099 | PA      | $157243.42    | 0.13%             | 2029-06-16      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| MAGNETITE XXIV LTD                                           | MAGNE 2019-24A BR                                   | CUSIP: 55954WAN9<br>LEI: 549300P6T1S83Z2MDF55 | Long             | ABS-CBDO         | CORP              | KY        |    430000 | PA      | $429988.39    | 0.36%             | 2035-04-16      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| CROSS 2024-H8 MORTGAGED TRUST                                | CROSS 2024-H8 A1                                    | CUSIP: 22757GAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    745290 | PA      | $749765.24    | 0.63%             | 2069-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| FS RIALTO 2024-FL9 ISSUER LLC                                | FSRIA 2024-FL9 A                                    | CUSIP: 30338WAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1001676.90   | 0.85%             | 2039-10-19      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2025-2                     | GCAR 2025-2A B                                      | CUSIP: 37989BAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $504013.70    | 0.43%             | 2029-10-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| DRYDEN 68 CLO LTD                                            | DRSLF 2019-68A ARR                                  | CUSIP: 26252QAS1<br>LEI: 254900MX6QAMC9XBAB53 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499709.00    | 0.42%             | 2035-07-16      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2013-2                   | EART 2025-2A C                                      | CUSIP: 30168JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $292266.12    | 0.25%             | 2031-07-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| SWCH COMMERCIAL MORTGAGE TRUST 2025-DATA                     | SWCH 2025-DATA D                                    | CUSIP: 78489CAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $495569.55    | 0.42%             | 2042-02-18      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2026-CES1                          | TPMT 2026-CES1 A2                                   | CUSIP: 89190LAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $994902.10    | 0.84%             | 2066-01-25      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-VLT4                                           | BX 2024-VLT4 A                                      | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    518130 | PA      | $517101.36    | 0.44%             | 2041-06-17      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                 | USD/GBP FORWARD                                     | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-6895.66     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CIFC FUNDING 2022-IV LTD                                     | CIFC 2022-4A DR                                     | CUSIP: 12567WAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $396041.60    | 0.34%             | 2035-07-16      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R04                 | CAS 2022-R04 1B2                                    | CUSIP: 20753YAL6<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    500000 | PA      | $534239.30    | 0.45%             | 2042-03-25      | Floating      | 13.15%                | No            |                  2 | On Loan: No      |
| USB AUTO OWNER TRUST 2025-1                                  | USCAR 2025-1A C                                     | CUSIP: 90367VAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $351272.29    | 0.30%             | 2031-03-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| BXMT 2020-FL2 LTD                                            | BXMT 2020-FL2 AS                                    | CUSIP: 12434LAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498746.45    | 0.42%             | 2038-02-18      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Cross 2026 NQM2 Mortgage Trust                               | CROSS 2026-NQM2 A3                                  | CUSIP: 227924AG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    246368 | PA      | $245010.54    | 0.21%             | 2061-03-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| DRIVEN BRANDS FUNDING LLC                                    | HONK 2021-1A A2                                     | CUSIP: 26209XAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    391269 | PA      | $354144.78    | 0.30%             | 2051-10-20      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| VTR COMMERCIAL MORTGAGE TRUST 2025-STEM                      | VTR 2025-STEM C                                     | CUSIP: 92890YAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    125000 | PA      | $123802.65    | 0.10%             | 2039-10-14      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| BRIGHTSPIRE 2024-FL2 LTD                                     | BRSP 2024-FL2 AS                                    | CUSIP: 05613BAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100049.43    | 0.08%             | 2037-08-19      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2024-NQM7                    | BRAVO 2024-NQM7 A1                                  | CUSIP: 105698AC8<br>LEI: 254900T3YTF92WA96N66 | Long             | ABS-O            | CORP              | US        |    494663 | PA      | $497227.66    | 0.42%             | 2064-10-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| AREIT 2025-CRE10 LTD                                         | AREIT 2025-CRE10 A                                  | CUSIP: 00193DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $599614.20    | 0.51%             | 2029-12-17      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| STORE MASTER FUNDING I LLC                                   | STR 2021-1A A3                                      | CUSIP: 86190BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    365937 | PA      | $347728.39    | 0.29%             | 2051-06-20      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| MTP ABS FUNDING LLC                                          | TOWR 2026-1A B                                      | CUSIP: 55378HAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $250000.00    | 0.21%             | 2026-05-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM18 TRUST                                         | OBX 2024-NQM18 A1                                   | CUSIP: 673913AA7<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-O            | CORP              | US        |    483272 | PA      | $485435.72    | 0.41%             | 2064-10-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                           | BX 2025-VOLT C                                      | CUSIP: 05619PAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $399581.56    | 0.34%             | 2044-12-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| DURST COMMERCIAL MORTGAGE TRUST 2025-151                     | DURST 2025-151 C                                    | CUSIP: 266895AE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $607869.60    | 0.51%             | 2042-08-12      | Variable      | 6.02%                 | No            |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Trust                             | THPT 2023-THL A                                     | CUSIP: 87252LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600226 | PA      | $603854.88    | 0.51%             | 2034-12-14      | Variable      | 7.23%                 | No            |                  2 | On Loan: No      |
| SCG TRUST 2025-SNIP                                          | SCG 2025-SNIP D                                     | CUSIP: 78398JAG9<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $151097.79    | 0.13%             | 2042-09-15      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2024-2                     | GCAR 2024-2A D                                      | CUSIP: 37964VAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $266227.10    | 0.23%             | 2030-02-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| LIFE 2022-BMR2 MORTGAGE TRUST                                | LIFE 2022-BMR2 A1                                   | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $290222.55    | 0.25%             | 2039-05-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Buckhorn Park Clo                                            | BKPRK 2019-1A ARR                                   | CUSIP: 118382BA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499734.00    | 0.42%             | 2034-07-18      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| COLT 2025-1 MORTGAGE LOAN TRUST                              | COLT 2025-1 A1                                      | CUSIP: 196920AC6<br>LEI: 21380069FFOP8RZNF423 | Long             | ABS-O            | CORP              | US        |    717491 | PA      | $722874.55    | 0.61%             | 2070-01-27      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM11 TRUST                                         | OBX 2024-NQM11 A1                                   | CUSIP: 67119EAA4<br>LEI: 254900F5LT8CA1U6PK21 | Long             | ABS-O            | CORP              | US        |    326476 | PA      | $329242.21    | 0.28%             | 2064-06-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2022-R03 1B2                                    | CUSIP: 20753XAJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    500000 | PA      | $535785.20    | 0.45%             | 2042-03-25      | Floating      | 13.50%                | No            |                  2 | On Loan: No      |
| ALLY AUTO RECEIVABLES TRUST 2022-3                           | ABCLN 2025-A E                                      | CUSIP: 02007G5H2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    176642 | PA      | $177115.02    | 0.15%             | 2033-06-15      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| CONTEGO CLO X DAC                                            | CONTE 10X CR                                        | CUSIP: 000000000<br>LEI: 635400JWXSB9BYFICZ26 | Long             | ABS-O            | CORP              | IE        |    350000 | PA      | $411439.14    | 0.35%             | 2038-05-15      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| ARES LXV CLO LTD                                             | ARES 2022-65A A1R                                   | CUSIP: 04019FAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998755.00    | 0.85%             | 2034-07-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| OBX Trust 2026-NQM2                                          | OBX 2026-NQM6 A3                                    | CUSIP: 67124EAJ8<br>LEI: 2549007DTHVTGCMU8X03 | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $598080.00    | 0.51%             | 2066-04-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2025-R05 2M2                                    | CUSIP: 20753CAC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    400000 | PA      | $401387.68    | 0.34%             | 2045-07-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM3                    | BRAVO 2025-NQM1 A3                                  | CUSIP: 10569MAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    219537 | PA      | $220564.42    | 0.19%             | 2064-12-25      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2026-CES2                          | TPMT 2026-CES2 A1A                                  | CUSIP: 89190MAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    976038 | PA      | $964315.18    | 0.82%             | 2066-02-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2024-R03 2M2                                    | CUSIP: 207941AB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    250000 | PA      | $252522.10    | 0.21%             | 2044-03-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| COLT 2025-9 MORTGAGE LOAN TRUST                              | COLT 2025-9 M1                                      | CUSIP: 12675LAF9<br>LEI: 2138009YFK2M431KTX57 | Long             | ABS-O            | CORP              | US        |    420000 | PA      | $418900.15    | 0.35%             | 2070-09-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2019-10K        | NCMS 2019-10K E                                     | CUSIP: 63874UAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330000 | PA      | $307143.31    | 0.26%             | 2039-05-17      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| FS RIALTO 2021-FL3 ISSUER LTD                                | FSRIA 2021-FL3 AS                                   | CUSIP: 30323CAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $801478.72    | 0.68%             | 2036-11-18      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| FLATIRON RR CLO 22 LLC                                       | FLAT 2021-2A CR                                     | CUSIP: 33883QAU9<br>LEI: 5493000CIUZPG6SZO932 | Long             | ABS-CBDO         | CORP              | US        |    435000 | PA      | $433304.37    | 0.37%             | 2034-10-16      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM17 TRUST                                         | OBX 2024-NQM17 M1                                   | CUSIP: 673911AF0<br>LEI: 254900HMH8TR6ZSMCB34 | Long             | ABS-O            | CORP              | US        |    330000 | PA      | $333194.04    | 0.28%             | 2064-11-25      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust 2026-ESH2                        | ESA 2026-ESH2 E                                     | CUSIP: 30227WAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    126938 | PA      | $127770.41    | 0.11%             | 2043-02-18      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| SANTANDER BANK NA                                            | SBCLN 2023-A F                                      | CUSIP: 80290CBY9<br>LEI: TR24TWEY5RVRQV65HD49 | Long             | ABS-O            | CORP              | US        |    344280 | PA      | $354517.58    | 0.30%             | 2033-06-15      | Fixed         | 13.75%                | No            |                  2 | On Loan: No      |
| VTR COMMERCIAL MORTGAGE TRUST 2025-STEM                      | VTR 2025-STEM D                                     | CUSIP: 92890YAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $246627.80    | 0.21%             | 2039-10-14      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| CLOVER CLO 2021-1 LLC                                        | FTGPK 2025-2A AR                                    | CUSIP: 18914KAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    750000 | PA      | $748894.50    | 0.63%             | 2034-04-24      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| ACREC 2025-FL3 LLC                                           | ACREC 2025-FL3 B                                    | CUSIP: 00112HAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250131.63    | 0.21%             | 2042-08-18      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES8                                | RCKT 2025-CES8 A1A                                  | CUSIP: 74939WAA8<br>LEI: 254900FCN7EI8DTYGA19 | Long             | ABS-O            | CORP              | US        |    494322 | PA      | $494570.22    | 0.42%             | 2055-08-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2022-R02 2B2                                    | CUSIP: 20754BAJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    500000 | PA      | $521882.80    | 0.44%             | 2042-01-27      | Floating      | 11.30%                | No            |                  2 | On Loan: No      |
| Extended Stay America Trust 2026-ESH2                        | ESA 2026-ESH2 D                                     | CUSIP: 30227WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    216264 | PA      | $217557.54    | 0.18%             | 2043-02-18      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023-2                 | WLAKE 2025-3A A2                                    | CUSIP: 96043QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    666439 | PA      | $666971.36    | 0.56%             | 2028-04-17      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2021-P3                       | CRVNA 2021-P3 A4                                    | CUSIP: 14687JAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     74425 | PA      | $74255.04     | 0.06%             | 2027-06-10      | Fixed         | 1.03%                 | No            |                  2 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                        | Payden Cash Reserves Money Market Fund              | CUSIP: 704329598<br>LEI: 549300QJNYRKYZS3P282 | Long             | STIV             | RF                | US        |   3493885 | NS      | $3493885.02   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BX TRUST 2018-BILT                                           | BX 2026-XL6 D                                       | CUSIP: 12433NAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $299189.61    | 0.25%             | 2043-03-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST 2019-2                      | OMFIT 2019-2A D                                     | CUSIP: 68269BAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $96536.66     | 0.08%             | 2036-10-14      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| COLT 2024-6 MORTGAGE LOAN TRUST                              | COLT 2024-6 A1                                      | CUSIP: 19688XAA4<br>LEI: 213800U2X2TO1PQH1O75 | Long             | ABS-O            | CORP              | US        |    624243 | PA      | $626797.99    | 0.53%             | 2069-11-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| BXMT 2025-FL5 LTD                                            | BXMT 2025-FL5 A                                     | CUSIP: 05613YAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $802464.56    | 0.68%             | 2042-10-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| ONEMAIN DIRECT AUTO RECEIVABLES TRUST 2017-1                 | ODART 2026-1A A                                     | CUSIP: 682940AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $796874.72    | 0.67%             | 2033-12-14      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| SUMIT 2022-BVUE MORTGAGE TRUST                               | SUMMT 2022-BVUE D                                   | CUSIP: 865592AJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $264509.22    | 0.22%             | 2041-02-12      | Variable      | 2.99%                 | No            |                  2 | On Loan: No      |
| GREYSTONE CRE NOTES 2025-FL4 LTD                             | GSTNE 2025-FL4 A                                    | CUSIP: 39810MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500977.85    | 0.42%             | 2043-01-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2025-CES1                    | BRAVO 2025-NQM3 A1                                  | CUSIP: 105927AC1<br>LEI: 254900AZU85EXAPTTF77 | Long             | ABS-O            | CORP              | US        |    594656 | PA      | $598370.01    | 0.51%             | 2065-03-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| OBX 2023-NQM4 TRUST                                          | OBX 2023-NQM4 M1                                    | CUSIP: 67448GAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $299159.70    | 0.25%             | 2063-03-25      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| FLEXENTIAL ISSUER LLC                                        | FLX 2025-1A A2                                      | CUSIP: 33938MAK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $597976.02    | 0.51%             | 2060-10-25      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| SECURITIZED TERM AUTO RECEIVABLES TRUST                      | SSTRT 2025-B C                                      | CUSIP: 81378WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |    227060 | PA      | $228797.25    | 0.19%             | 2032-12-29      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                             | VBTEL 2026-1A D                                     | CUSIP: 91825HAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $198264.70    | 0.17%             | 2056-03-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| LOANCORE 2025-CRE9 ISSUER LLC                                | LNCR 2025-CRE9 A                                    | CUSIP: 538912AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    900000 | PA      | $901059.39    | 0.76%             | 2042-08-18      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| TRTX 2025-FL6 ISSUER LTD                                     | TRTX 2025-FL6 A                                     | CUSIP: 897764AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $601848.36    | 0.51%             | 2042-09-18      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2016-FL1 LTD       | ARCLO 2021-FL4 AS                                   | CUSIP: 03880RAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    430000 | PA      | $431119.42    | 0.37%             | 2036-11-17      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-VLT6                                           | BX 2025-VLT6 A                                      | CUSIP: 12433KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $648037.85    | 0.55%             | 2042-03-17      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-DELC                                           | BX 2025-DELC C                                      | CUSIP: 05594MAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501094.90    | 0.42%             | 2042-12-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                                | STACR 2022-HQA1 B2                                  | CUSIP: 35564KUL1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    500000 | PA      | $540661.30    | 0.46%             | 2042-03-25      | Floating      | 14.65%                | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2016-C04 1B                                     | CUSIP: 30711XDB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    294361 | PA      | $300167.33    | 0.25%             | 2029-01-25      | Floating      | 10.74%                | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 40 LTD                           | OCT40 2019-1A BRR                                   | CUSIP: 67592BBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    430000 | PA      | $430362.06    | 0.36%             | 2035-01-22      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2025-3                     | GCAR 2025-3A D                                      | CUSIP: 37989YAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $450739.89    | 0.38%             | 2031-06-16      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| COOPR RESIDENTIAL MORTGAGE TRU                               | COOPR 2025-CES4 A1A                                 | CUSIP: 12636SAA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | CORP              | US        |    566260 | PA      | $564612.84    | 0.48%             | 2060-11-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| NRTH 2024-PARK MORTGAGE TRUST                                | NRTH 2025-PARK B                                    | CUSIP: 669985AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $299936.94    | 0.25%             | 2040-10-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| DIAMOND ISSUER LLC                                           | SHINE 2021-1A C                                     | CUSIP: 25267TAS0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    282000 | PA      | $272704.83    | 0.23%             | 2051-11-20      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-HI                | WFCM 2025-HI C                                      | CUSIP: 949933AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $225984.24    | 0.19%             | 2042-10-15      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| DRYDEN 74 EURO CLO 2020 DAC                                  | DRYD 2020-74A CR                                    | CUSIP: 000000000<br>LEI: 635400Z48LDQFGYY1M69 | Long             | ABS-O            | CORP              | IE        |    350000 | PA      | $413291.05    | 0.35%             | 2039-10-18      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA INC                                    | ESA 2025-ESH D                                      | CUSIP: 30227TAG5<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |    240783 | PA      | $242333.78    | 0.21%             | 2042-10-15      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES CLO 2016-1 LTD              | CGMS 2016-1A A1R3                                   | CUSIP: 14312HBE5<br>LEI: 549300N3CJKPCWZ7KX23 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $599598.00    | 0.51%             | 2034-04-20      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2022-FL1           | ARCLO 2022-FL1 C                                    | CUSIP: 03880XAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    220000 | PA      | $221098.66    | 0.19%             | 2037-01-15      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                       | 5-Year T-Note Futures, Jun-2026,ETH                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       164 | NC      | $-216669.12   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA5                      | STACR 2021-DNA5 M2                                  | CUSIP: 35564KHE2<br>LEI: 5493000ISU5NYXNHD479 | Long             | ABS-O            | USGSE             | US        |    353131 | PA      | $354046.33    | 0.30%             | 2034-01-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2022-DNA5                      | STACR 2022-DNA5 M2                                  | CUSIP: 35564KYW3<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-O            | USGSE             | US        |   1000000 | PA      | $1063970.80   | 0.90%             | 2042-06-25      | Floating      | 10.40%                | No            |                  2 | On Loan: No      |
| BBCMS TRUST 2015-SRCH                                        | BBCMS 2015-SRCH D                                   | CUSIP: 05547HAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $93171.99     | 0.08%             | 2035-08-10      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| UK LOGISTICS 2025-2 DAC                                      | UKLOG 2025-2A D                                     | CUSIP: 000000000<br>LEI: 635400CRV6HKMHJF8S64 | Long             | ABS-O            | CORP              | IE        |    279878 | PA      | $381062.05    | 0.32%             | 2035-08-17      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| BHMS COMMERCIAL MORTGAGE TRUST 2025-ATLS                     | BHMS 2025-ATLS A                                    | CUSIP: 088928AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $952918.02    | 0.81%             | 2042-08-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R01                 | CAS 2021-R01 1M2                                    | CUSIP: 20754RAB2<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    228489 | PA      | $228812.89    | 0.19%             | 2041-10-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2025-1                     | GCAR 2025-1A A2                                     | CUSIP: 36271KAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30318 | PA      | $30326.58     | 0.03%             | 2027-12-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                             | VBTEL 2026-1A F                                     | CUSIP: 91825HAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $351886.75    | 0.30%             | 2056-03-15      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| BXMT 2021-FL4 LTD                                            | BXMT 2021-FL4 A                                     | CUSIP: 05609GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    196289 | PA      | $196549.03    | 0.17%             | 2038-05-17      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| VASA TRUST 2021-VASA                                         | VASA 2021-VASA B                                    | CUSIP: 92230AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $387877.20    | 0.33%             | 2039-07-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST 2014-2                      | OMFIT 2021-1A D                                     | CUSIP: 68269MAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $94296.14     | 0.08%             | 2036-06-16      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST 2023-3                          | DEFT 2023-3 A3                                      | CUSIP: 24702EAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17666 | PA      | $17685.93     | 0.01%             | 2029-04-23      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| COLT 2025-5 MORTGAGE LOAN TRUST                              | COLT 2025-5 M1                                      | CUSIP: 19689AAD7<br>LEI: 213800S6EGXVNRKXHN58 | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $321791.36    | 0.27%             | 2070-05-25      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2014/1          | ACAR 2026-1 C                                       | CUSIP: 02531FAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $497713.35    | 0.42%             | 2033-01-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2013-2                   | EART 2024-4A D                                      | CUSIP: 30166UAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $407962.08    | 0.35%             | 2030-12-16      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| NEUBERGER BERMAN LOAN ADVISERS CLO 35 LTD                    | NEUB 2019-35A ARR                                   | CUSIP: 64133CAS8<br>LEI: 549300MYVO80EQUJK294 | Long             | ABS-CBDO         | CORP              | KY        |    553722 | PA      | $553788.61    | 0.47%             | 2033-01-19      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2025-FL1 LLC       | ARCREN 2025-FL1 A                                   | CUSIP: 03881KAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1000708.30   | 0.85%             | 2043-01-21      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| GPMT 2021-FL3 LTD                                            | GPMT 2021-FL3 AS                                    | CUSIP: 36264BAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    235215 | PA      | $234633.60    | 0.20%             | 2035-07-18      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| GREYSTONE CRE NOTES 2025-HC4 LLC                             | GSTNE 2025-HC4 B                                    | CUSIP: 39809NAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    470000 | PA      | $469152.73    | 0.40%             | 2042-10-15      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2024-3          | ACAR 2024-3 D                                       | CUSIP: 02490BAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101643.54    | 0.09%             | 2030-07-12      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| ONEMAIN DIRECT AUTO RECEIVABLES TRUST                        | ODART 2022-1A A1                                    | CUSIP: 68269DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95461 | PA      | $95482.53     | 0.08%             | 2029-03-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MADISON PARK EURO FUNDING XV DAC                             | MDPKE 15A BRR                                       | CUSIP: 000000000<br>LEI: 635400THE8DBQ1GDIN16 | Long             | ABS-O            | CORP              | IE        |    600000 | PA      | $702649.23    | 0.59%             | 2036-07-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES9                                | RCKT 2025-CES9 A1A                                  | CUSIP: 74942JAA2<br>LEI: 254900C7HSSCU34P7S40 | Long             | ABS-O            | CORP              | US        |   1284142 | PA      | $1276525.54   | 1.08%             | 2055-09-25      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| FS TRUST 2026-HULA                                           | FS 2026-HULA A                                      | CUSIP: 30345AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1001550.00   | 0.85%             | 2041-03-15      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| OAK STREET INVESTMENT GRADE NET LEASE FUND SERIES 2020-1 LLC | OAKIG 2020-1A B1                                    | CUSIP: 67181DAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $230000.52    | 0.19%             | 2050-11-20      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| JDAC 0 08/15/29                                              | JDAC 0 08/15/29                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $114072.04    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| COMM 2025-167G MORTGAGE TRUST                                | COMM 2025-167G A                                    | CUSIP: 12674VAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    492000 | PA      | $486677.25    | 0.41%             | 2040-08-10      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| THOMPSON PARK CLO LTD                                        | TPRK 2021-1A CR                                     | CUSIP: 884887AS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400625.20    | 0.34%             | 2034-04-17      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| FS RIALTO 2025-FL10 ISSUER LLC                               | FSRIA 2025-FL10 A                                   | CUSIP: 30340KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    850000 | PA      | $850601.80    | 0.72%             | 2042-08-19      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| HTL COMMERCIAL MORTGAGE TRUST 2024-T53                       | HTL 2024-T53 A                                      | CUSIP: 404300AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380000 | PA      | $382947.96    | 0.32%             | 2039-05-12      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2014-A                          | FORDO 2022-C C                                      | CUSIP: 34535AAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $550785.46    | 0.47%             | 2030-03-15      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| MADISON PARK EURO FUNDING XVII DAC                           | MDPK 2022-57A A1R                                   | CUSIP: 55822GAQ7<br>LEI: 635400XNTY8TA9I2S271 | Long             | ABS-CBDO         | CORP              | IE        |    600000 | PA      | $599845.20    | 0.51%             | 2034-07-27      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| STWD 2025-FL4 LLC                                            | STWD 2025-FL4 A                                     | CUSIP: 863922AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    800000 | PA      | $801887.68    | 0.68%             | 2042-11-19      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST 2025-2                          | DRIVE 2025-2 D                                      | CUSIP: 262103AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $398484.88    | 0.34%             | 2032-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| DRIVEN BRANDS FUNDING LLC                                    | HONK 2025-1A A2                                     | CUSIP: 26209XAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    348250 | PA      | $315217.62    | 0.27%             | 2055-10-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST 2025-FPM                                          | BFLD 2025-FPM A                                     | CUSIP: 05556HAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $803456.96    | 0.68%             | 2040-10-10      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2019-R04                 | CAS 2019-R04 2B1                                    | CUSIP: 20753TAC7<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    491089 | PA      | $493999.72    | 0.42%             | 2039-06-27      | Floating      | 9.01%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-GPA2                       | BX 2024-GPA2 A                                      | CUSIP: 12433DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    487318 | PA      | $488366.82    | 0.41%             | 2041-11-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                                 | Voya CLO 2021-1 Ltd                                 | CUSIP: 92918QAS9<br>LEI: 549300TZK6NKU72KPL60 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249774.50    | 0.21%             | 2034-07-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R07                 | CAS 2022-R07 1B2                                    | CUSIP: 20754MAL1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    502266 | PA      | $560425.14    | 0.47%             | 2042-06-25      | Floating      | 15.65%                | No            |                  2 | On Loan: No      |
| CARMAX SELECT RECEIVABLES TRUST 2026-A                       | CMXS 2026-A C                                       | CUSIP: 142929AF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $496363.65    | 0.42%             | 2032-05-17      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| OBX 2023-NQM3 TRUST                                          | OBX 2023-NQM3 M1                                    | CUSIP: 67117PAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $349083.74    | 0.30%             | 2063-02-25      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2023-R05                 | CAS 2023-R05 1M1                                    | CUSIP: 207942AA1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    470510 | PA      | $473253.13    | 0.40%             | 2043-06-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2013-2                   | EART 2025-4A D                                      | CUSIP: 30167KAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $400147.92    | 0.34%             | 2032-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H7 MORTGAGE TRUST                                 | CROSS 2025-H7 A1                                    | CUSIP: 22757JAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900857 | PA      | $897849.11    | 0.76%             | 2070-09-25      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES7                                | RCKT 2025-CES7 A1A                                  | CUSIP: 74943AAA0<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-O            | CORP              | US        |    537696 | PA      | $539446.12    | 0.46%             | 2055-07-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| DIAMETER CAPITAL CLO 6 LTD                                   | DCLO 2024-6A D1R                                    | CUSIP: 25255UAW2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300000.00    | 0.25%             | 2039-04-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                           | BX 2026-CSMO D                                      | CUSIP: 12433LAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251692.75    | 0.21%             | 2031-02-15      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| OCP CLO 2015-9 LTD                                           | OCP 2015-9A CR3                                     | CUSIP: 67091YBL7<br>LEI: 254900XV0U0WEM36A370 | Long             | ABS-CBDO         | CORP              | KY        |    290000 | PA      | $289411.30    | 0.25%             | 2037-01-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA INC                                    | ESA 2025-ESH E                                      | CUSIP: 30227TAJ9<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |     96313 | PA      | $97022.50     | 0.08%             | 2042-10-15      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| AREIT 2025-CRE11 LTD                                         | AREIT 2025-CRE11 A                                  | CUSIP: 04002DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $601652.82    | 0.51%             | 2043-07-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2014/1          | ACAR 2025-1 D                                       | CUSIP: 02528DAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100911.32    | 0.09%             | 2031-08-12      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2024-R02 1M2                                    | CUSIP: 20754GAE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    565000 | PA      | $569144.67    | 0.48%             | 2044-02-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                                      | CACLN 2025-1 E                                      | CUSIP: 46591HCV0<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | ABS-O            | CORP              | US        |    254497 | PA      | $254894.54    | 0.22%             | 2033-02-25      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2026-CES1                                | RCKT 2026-CES1 A1A                                  | CUSIP: 74939BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    956419 | PA      | $949197.19    | 0.80%             | 2056-01-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2022-2                | SDART 2026-1 D                                      | CUSIP: 80288FAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $493187.75    | 0.42%             | 2032-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2025-NQM6                    | BRAVO 2025-NQM6 M1                                  | CUSIP: 10570MAF7<br>LEI: 254900U9H6FFPW4O4S55 | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $349563.10    | 0.30%             | 2065-06-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-AIRC                       | BX 2024-AIRC A                                      | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    667783 | PA      | $670444.04    | 0.57%             | 2041-08-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| OCP CLO 2019-17 LTD                                          | OCP 2019-17A D1R2                                   | CUSIP: 67113LBC9<br>LEI: 2549003HLFPQ7ATPYA23 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $399987.60    | 0.34%             | 2037-07-20      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-1                            | VERUS 2025-1 A1                                     | CUSIP: 92540TAA8<br>LEI: 213800JOKZMXZECMAB50 | Long             | ABS-O            | CORP              | US        |    871768 | PA      | $878069.14    | 0.74%             | 2070-01-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| BEECHWOOD PARK CLO LTD                                       | BCHPK 2019-1A A1RR                                  | CUSIP: 07355TBL5<br>LEI: 254900YCLC6G4HRXZ212 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000398.00   | 0.85%             | 2035-01-17      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| FLATIRON CLO 28 LTD                                          | FLAT 2024-1A BR                                     | CUSIP: 33884EAU5<br>LEI: 254900U51J2X527SRJ56 | Long             | ABS-CBDO         | CORP              | KY        |    525000 | PA      | $525217.88    | 0.44%             | 2036-07-15      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| COLT 2025-INV2 MORTGAGE LOAN TRUST                           | COLT 2025-INV2 A1                                   | CUSIP: 12673UAA2<br>LEI: 213800M5KYYIOHI7KW93 | Long             | ABS-O            | CORP              | US        |    863932 | PA      | $869829.51    | 0.74%             | 2070-02-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-3                            | VERUS 2024-3 B2                                     | CUSIP: 92540MAF2<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $354838.19    | 0.30%             | 2069-04-25      | Variable      | 8.40%                 | No            |                  2 | On Loan: No      |
| FS RIALTO 2025-FL10 ISSUER LLC                               | FSRIA 2025-FL10 AS                                  | CUSIP: 30340KAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    450000 | PA      | $450316.67    | 0.38%             | 2042-08-19      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                        | CAS 2023-R08 1M1                                    | CUSIP: 20755CAA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     77007 | PA      | $77092.96     | 0.07%             | 2043-10-26      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES6                                | RCKT 2025-CES6 A1B                                  | CUSIP: 748949AB0<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-O            | CORP              | US        |    368819 | PA      | $370969.81    | 0.31%             | 2055-06-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2014/1          | ACAR 2024-4 E                                       | CUSIP: 024945AJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $434497.99    | 0.37%             | 2032-04-12      | Fixed         | 7.19%                 | No            |                  2 | On Loan: No      |
| PFP 2024-11 LTD                                              | PFP 2024-11 A                                       | CUSIP: 69291WAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    261191 | PA      | $261321.08    | 0.22%             | 2039-09-19      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| HOTWIRE FUNDING LLC                                          | HWIRE 2021-1 A2                                     | CUSIP: 44148JAA7<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $419750.57    | 0.36%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| KKR CLO 25 LTD                                               | KKR 25 AR2                                          | CUSIP: 48252UAU1<br>LEI: 549300MJB0YZ0QTQNZ45 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $997567.00    | 0.84%             | 2034-07-15      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES1                                | RCKT 2025-CES12 A1A                                 | CUSIP: 749349AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    926095 | PA      | $924117.05    | 0.78%             | 2055-11-25      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| CSTL COMMERCIAL MORTGAGE TRUST 2024-GATE                     | CSTL 2024-GATE A                                    | CUSIP: 22945JAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    610000 | PA      | $608925.36    | 0.52%             | 2041-11-13      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| SWCH COMMERCIAL MORTGAGE TRUST 2025-DATA                     | SWCH 2025-DATA E                                    | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $346857.28    | 0.29%             | 2042-02-18      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCIAL ISSUANCE TRUST 2022-3                      | OMFIT 2022-3A A                                     | CUSIP: 68269PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     34487 | PA      | $34523.61     | 0.03%             | 2034-05-15      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2023-HQA1                      | STACR 2023-HQA1 M1A                                 | CUSIP: 35564KX79<br>LEI: 5493000IRHY5YZIPQD14 | Long             | ABS-O            | USGSE             | US        |    321357 | PA      | $323602.94    | 0.27%             | 2043-05-26      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-22

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer