# EDGAR Filing Document

**Accession Number:** 0001342947
**File Stem:** 0001003715-26-001080
**Filing Date:** 2026-3
**Character Count:** 274276
**Document Hash:** 1653c6e0d0ca568c561cd400f676a3d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001003715-26-001080.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0001003715-26-001080

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BBH Trust
- **CENTRAL INDEX KEY:** 0001342947

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21829
- **FILM NUMBER:** 26811948

**BUSINESS ADDRESS:**
- **STREET 1:** 140 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** 800-575-1265

**MAIL ADDRESS:**
- **STREET 1:** 140 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005

## Series and Classes Contracts Data

### BBH Limited Duration Fund (Series ID: S000015110)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000041213 | Class N Shares | BBBMX           |
| C000041214 | Class I Shares | BBBIX           |

## Nport-Ex

**BBH Limited Duration Fund**

**Portfolio of Investments <br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Asset Backed Securities (22.0%)** |  |  |  |
| $15160000 | AGL CLO 13, Ltd. 2021-13A (3-Month CME Term SOFR + 1.100%) (Cayman Islands)<sup>1,2</sup> | 10/20/34 | 4.768% | $15167531 |
| 5169210 | ΑIM Aviation Finance, Ltd. 2015-1A (China)<sup>1</sup> | 02/15/40 | 6.213 | 5066653 |
| 7555000 | Aligned Data Centers Issuer LLC 2023-1A<sup>1</sup> | 08/17/48 | 6.000 | 7605464 |
| 19550000 | AmeriCredit Automobile Receivables Trust 2025-1<sup>1</sup> | 05/20/30 | 4.120 | 19628816 |
| 1930231 | Amur Equipment Finance Receivables XII LLC 2023-1A<sup>1</sup> | 12/20/29 | 6.090 | 1945160 |
| 9672239 | Amur Equipment Finance Receivables XIII LLC 2024-1A<sup>1</sup> | 01/21/31 | 5.380 | 9776059 |
| 13188804 | Amur Equipment Finance Receivables XIV LLC 2024-2A<sup>1</sup> | 07/21/31 | 5.190 | 13361524 |
| 10624104 | Amur Equipment Finance Receivables XV LLC 2025-1A<sup>1</sup> | 09/22/31 | 4.700 | 10732047 |
| 2610487 | ARI Fleet Lease Trust 2023-B<sup>1</sup> | 07/15/32 | 6.050 | 2629237 |
| 11330000 | ARI Fleet Lease Trust 2025-B<sup>1</sup> | 03/15/34 | 4.590 | 11407027 |
| 7885481 | AutoNation Finance Trust 2025-1A<sup>1</sup> | 04/10/28 | 4.720 | 7901975 |
| 11930000 | Avis Budget Rental Car Funding AESOP LLC 2023-3A<sup>1</sup> | 02/22/28 | 5.440 | 12065599 |
| 9500000 | Avis Budget Rental Car Funding AESOP LLC 2023-7A<sup>1</sup> | 08/21/28 | 5.900 | 9729424 |
| 7648327 | Barings Equipment Finance LLC 2025-A<sup>1</sup> | 10/13/28 | 4.640 | 7691830 |
| 27521936 | BHG Owner Loan Trust Series 2025-1CON<sup>1</sup> | 08/18/36 | 5.000 | 27832711 |
| 458070 | BHG Securitization Trust 2023-A<sup>1</sup> | 04/17/36 | 5.550 | 458304 |
| 2755803 | BHG Securitization Trust 2023-B<sup>1</sup> | 12/17/36 | 6.920 | 2885761 |
| 3290822 | BHG Securitization Trust 2024-1CON<sup>1</sup> | 04/17/35 | 5.810 | 3361665 |
| 20790776 | BHG Securitization Trust 2025-2CON<sup>1</sup> | 09/17/36 | 4.840 | 20970023 |
| 12131563 | BlackRock Elbert CLO V LLC 5A (3-Month CME Term SOFR + 1.850%)<sup>1,2</sup> | 06/15/34 | 5.573 | 12150553 |
| 4771735 | Business Jet Securities LLC 2022-1A<sup>1</sup> | 06/15/37 | 4.455 | 4750696 |
| 21376626 | California Street CLO IX LP 2012-9A (3-Month CME Term SOFR + 1.362%) (Cayman Islands)<sup>1,2</sup> | 07/16/32 | 5.033 | 21430219 |
| 10631367 | Capital Automotive REIT 2024-2A<sup>1</sup> | 05/15/54 | 4.900 | 10625187 |
| 30000000 | Carlyle Global Market Strategies CLO, Ltd. 2016-1A (3-Month CME Term SOFR + 1.090%) (Cayman Islands)<sup>1,2</sup> | 04/20/34 | 4.758 | 30004767 |
| 32520000 | Carlyle US CLO, Ltd. 2019-2A (3-Month CME Term SOFR + 1.360%) (Cayman Islands)<sup>1,2</sup> | 10/15/37 | 5.032 | 32637693 |
| 16290706 | Carmax Auto Owner Trust 2025-2 | 07/17/28 | 4.590 | 16340625 |
| 21040000 | Carmax Auto Owner Trust 2025-4 | 12/16/30 | 3.970 | 21081552 |
| 18780000 | Carmax Select Receivables Trust 2025-B | 03/15/29 | 4.190 | 18800031 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued) <br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Asset Backed Securities (continued)** |  |  |  |
| $9690554 | CARS-DB7 LP 2023-1A<sup>1</sup> | 09/15/53 | 5.750% | $9753599 |
| 2476155 | CCG Receivables Trust 2023-2<sup>1</sup> | 04/14/32 | 6.280 | 2504218 |
| 14206515 | CCG Receivables Trust 2024-1<sup>1</sup> | 03/15/32 | 4.990 | 14331117 |
| 18116128 | CCG Receivables Trust 2025-1<sup>1</sup> | 10/14/32 | 4.480 | 18208198 |
| 25780000 | CCG Receivables Trust 2025-2<sup>1</sup> | 08/15/34 | 4.140 | 25832803 |
| 22592274 | CF Hippolyta Issuer LLC 2020-1<sup>1</sup> | 07/15/60 | 1.690 | 18983793 |
| 3373254 | Chesapeake Funding II LLC 2023-1A<sup>1</sup> | 05/15/35 | 5.650 | 3388818 |
| 3113946 | Chesapeake Funding II LLC 2023-2A<sup>1</sup> | 10/15/35 | 6.160 | 3146634 |
| 6470000 | Credit Acceptance Auto Loan Trust 2023-1A<sup>1</sup> | 07/15/33 | 7.710 | 6590766 |
| 18320000 | Credit Acceptance Auto Loan Trust 2024-2A<sup>1</sup> | 06/15/34 | 5.950 | 18622265 |
| 17680000 | Credit Acceptance Auto Loan Trust 2024-3A<sup>1</sup> | 09/15/34 | 4.680 | 17777323 |
| 17180000 | Credit Acceptance Auto Loan Trust 2025-1A<sup>1</sup> | 03/15/35 | 5.020 | 17381307 |
| 3137722 | Daimler Trucks Retail Trust 2023-1 | 03/15/27 | 5.900 | 3150804 |
| 11100000 | Deerpath Capital CLO, Ltd. 2022-1A (3-Month CME Term SOFR + 1.700%)<sup>1,2</sup> | 01/15/37 | 5.372 | 11124541 |
| 8190000 | Dell Equipment Finance Trust 2025-1<sup>1</sup> | 07/22/27 | 4.680 | 8215559 |
| 20650000 | Drive Auto Receivables Trust 2025-2 | 09/15/32 | 4.140 | 20696405 |
| 1611086 | ECAF I, Ltd. 2015-1A (Ireland)<sup>1</sup> | 06/15/40 | 3.473 | 1441922 |
| 856873 | Enterprise Fleet Financing LLC 2022-4<sup>1</sup> | 10/22/29 | 5.760 | 859210 |
| 4277102 | Enterprise Fleet Financing LLC 2023-3<sup>1</sup> | 03/20/30 | 6.400 | 4329660 |
| 18000000 | Enterprise Fleet Financing LLC 2025-2<sup>1</sup> | 02/22/28 | 4.510 | 18075168 |
| 9600000 | Enterprise Fleet Financing LLC 2025-3<sup>1</sup> | 04/20/28 | 4.500 | 9651321 |
| 13000000 | Exeter Automobile Receivables Trust 2025-1A | 08/15/28 | 4.670 | 13017083 |
| 10230000 | Exeter Automobile Receivables Trust 2025-1A | 08/15/29 | 4.910 | 10309212 |
| 13560000 | Exeter Automobile Receivables Trust 2025-3A | 07/16/29 | 4.780 | 13662566 |
| 22000000 | Exeter Automobile Receivables Trust 2025-5A | 06/15/28 | 4.380 | 22033847 |
| 14500000 | Exeter Automobile Receivables Trust 2026-1A | 03/15/30 | 4.030 | 14519853 |
| 8718755 | FCI Funding LLC 2024-1A<sup>1</sup> | 08/15/36 | 5.440 | 8729176 |
| 22994286 | Flexential Issuer 2021-1A<sup>1</sup> | 11/27/51 | 3.250 | 22714206 |
| 23800000 | Flexential Issuer LLC 2025-1A<sup>1</sup> | 10/25/60 | 6.030 | 23817076 |
| 4391569 | FNA LLC 2019-1<sup>1,2,3,4</sup> | 12/10/31 | 3.000 | 4389373 |
| 25940000 | Ford Credit Floorplan Master Owner Trust A 2023-1<sup>1</sup> | 05/15/28 | 4.920 | 26017719 |
| 30550000 | Ford Credit Floorplan Master Owner Trust A 2024-3<sup>1</sup> | 09/15/29 | 4.300 | 30746195 |
| 20530000 | Ford Credit Floorplan Master Owner Trust A 2025-1 | 04/15/30 | 4.630 | 20839987 |
| 3078438 | Foursight Capital Automobile Receivables Trust 2024-1<sup>1</sup> | 01/16/29 | 5.490 | 3088155 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued) <br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Asset Backed Securities (continued)** |  |  |  |
| $17000000 | GCRED BSL CLO 1 2025-BSL1A (3-Month CME Term SOFR + 1.050%)<sup>1,2</sup> | 01/20/34 | 4.714% | $16982119 |
| 11820932 | Global SC Finance VII Srl 2020-1A (Barbados)<sup>1</sup> | 10/17/40 | 2.170 | 11369969 |
| 12532944 | Global SC Finance VII Srl 2020-2A (Barbados)<sup>1</sup> | 11/19/40 | 2.260 | 12071954 |
| 7500144 | GLS Auto Select Receivables Trust 2025-1A<sup>1</sup> | 04/15/30 | 4.710 | 7553992 |
| 14035648 | GLS Auto Select Receivables Trust 2025-3A<sup>1</sup> | 10/15/30 | 4.460 | 14127578 |
| 6332538 | GM Financial Consumer Automobile Receivables Trust 2025-2 | 02/16/28 | 4.400 | 6344932 |
| 10900000 | GM Financial Revolving Receivables Trust 2023-2<sup>1</sup> | 08/11/36 | 5.770 | 11405365 |
| 28000000 | GMF Floorplan Owner Revolving Trust 2025-2A<sup>1</sup> | 03/15/30 | 4.640 | 28353139 |
| 36756463 | Golub Capital Partners ABS Funding, Ltd. 2021-2A<sup>1</sup> | 10/19/29 | 2.944 | 36208744 |
| 20210000 | Hertz Vehicle Financing III LLC 2025-1A<sup>1</sup> | 09/25/29 | 4.910 | 20504138 |
| 21574323 | Honda Auto Receivables Owner Trust 2025-2 | 01/18/28 | 4.300 | 21618052 |
| 9275000 | Kubota Credit Owner Trust 2024-1A<sup>1</sup> | 07/17/28 | 5.190 | 9383326 |
| 35215000 | Lendmark Funding Trust 2025-1A<sup>1</sup> | 09/20/34 | 4.940 | 35573313 |
| 42930000 | Lendmark Funding Trust 2025-3A<sup>1</sup> | 05/21/35 | 4.510 | 42873105 |
| 38520000 | Madison Park Funding LXIII, Ltd. 2023-63A (3-Month CME Term SOFR + 1.400%) (Cayman Islands)<sup>1,2</sup> | 07/21/38 | 5.070 | 38731848 |
| 50000000 | Madison Park Funding XLIX, Ltd. 2021-49A (3-Month CME Term SOFR + 1.050%) (Cayman Islands)<sup>1,2</sup> | 10/19/34 | 4.718 | 50059920 |
| 17250000 | Magnetite XXXI, Ltd. 2021-31A (3-Month CME Term SOFR + 1.000%) (Cayman Islands)<sup>1,2</sup> | 07/15/34 | 4.672 | 17272422 |
| 14700000 | Mariner Finance Issuance Trust 2025-AA<sup>1</sup> | 05/20/38 | 4.980 | 14901486 |
| 16140000 | Mariner Finance Issuance Trust 2025-BA<sup>1</sup> | 11/22/38 | 4.590 | 16174908 |
| 29409549 | Monroe Capital Income Plus ABS Funding LLC 2022-1A<sup>1</sup> | 04/30/32 | 4.050 | 28958022 |
| 11780000 | Monroe Capital Mml CLO X, Ltd. 2020-1A (3-Month CME Term SOFR + 1.670%)<sup>1,2</sup> | 08/20/37 | 5.559 | 11810401 |
| 21720000 | Monroe Capital MML CLO XV LLC 2023-1A (3-Month CME Term SOFR + 1.270%)<sup>1,2</sup> | 09/23/35 | 4.941 | 21724887 |
| 10242000 | Navistar Financial Dealer Note Master Owner Trust 2024-1<sup>1</sup> | 04/25/29 | 5.590 | 10278780 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued) <br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Asset Backed Securities (continued)** |  |  |  |
| $52000000 | Neuberger Berman Loan Advisers CLO 38, Ltd. 2020-38A (3-Month CME Term SOFR + 0.960%) (Cayman Islands)<sup>1,2</sup> | 10/20/36 | 4.628% | $51977120 |
| 13580000 | Neuberger Berman Loan Advisers CLO 40, Ltd. 2021-40A (3-Month CME Term SOFR + 1.230%) (Cayman Islands)<sup>1,2</sup> | 10/16/37 | 4.901 | 13605294 |
| 24520000 | NextGear Floorplan Master Owner Trust 2024-1A<sup>1</sup> | 03/15/29 | 5.120 | 24874601 |
| 27500000 | NextGear Floorplan Master Owner Trust 2024-2A<sup>1</sup> | 09/15/29 | 4.420 | 27706811 |
| 33840000 | NextGear Floorplan Master Owner Trust 2025-2A<sup>1</sup> | 10/15/30 | 4.230 | 33951719 |
| 3246708 | Nissan Auto Receivables Owner Trust 2023-B | 03/15/28 | 5.930 | 3270600 |
| 2288234 | NMEF Funding LLC 2023-A<sup>1</sup> | 06/17/30 | 6.570 | 2299156 |
| 7960160 | NMEF Funding LLC 2025-A<sup>1</sup> | 07/15/32 | 4.720 | 7991476 |
| 20285627 | Northwoods Capital XVIII, Ltd. 2019-18A (3-Month CME Term SOFR + 1.362%) (Cayman Islands)<sup>1,2</sup> | 05/20/32 | 5.251 | 20330440 |
| 33880000 | Octagon 57, Ltd. 2021-1A (3-Month CME Term SOFR + 1.070%) (Cayman Islands)<sup>1,2</sup> | 10/15/34 | 4.742 | 33863094 |
| 48100000 | Octagon Investment Partners 41, Ltd. 2019-2A (3-Month CME Term SOFR + 1.090%) (Cayman Islands)<sup>1,2</sup> | 10/15/33 | 4.762 | 48109081 |
| 32100000 | OnDeck Asset Securitization IV LLC 2025-1A<sup>1</sup> | 04/19/32 | 5.080 | 32353500 |
| 14337000 | OnDeck Asset Securitization Trust IV LLC 2023-1A<sup>1</sup> | 08/19/30 | 7.000 | 14463543 |
| 19615000 | OnDeck Asset Securitization Trust IV LLC 2024-1A<sup>1</sup> | 06/17/31 | 6.270 | 19843974 |
| 13920000 | OnDeck Asset Securitization Trust IV LLC 2024-2A<sup>1</sup> | 10/17/31 | 4.980 | 13967634 |
| 25010000 | Onemain Financial Issuance Trust 2025-1A<sup>1</sup> | 07/14/38 | 4.820 | 25343151 |
| 2988029 | OneMain Financial Issuance Trust 2022-3A<sup>1</sup> | 05/15/34 | 5.940 | 2997087 |
| 16380000 | OneMain Financial Issuance Trust 2023-2A<sup>1</sup> | 09/15/36 | 5.840 | 16710335 |
| 5381676 | OneMain Financial Issuance Trust 2022-S1<sup>1</sup> | 05/14/35 | 4.130 | 5380932 |
| 17384253 | Oportun Issuance Trust 2021-C<sup>1</sup> | 10/08/31 | 2.180 | 17107305 |
| 33240000 | Oportun Issuance Trust 2025-B<sup>1</sup> | 05/09/33 | 4.880 | 33363866 |
| 48380000 | Oportun Issuance Trust 2025-C<sup>1</sup> | 07/08/33 | 4.490 | 48452541 |
| 31980000 | Oportun Issuance Trust 2025-D<sup>1</sup> | 02/08/33 | 4.530 | 32012316 |
| 12101659 | Oxford Finance Funding LLC 2022-1A<sup>1</sup> | 02/15/30 | 3.602 | 11890283 |
| 13240000 | Oxford Finance Funding Trust LLC 2025-1A<sup>1</sup> | 02/15/35 | 5.413 | 13278875 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued) <br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Asset Backed Securities (continued)** |  |  |  |
| $14230000 | Palmer Square Loan Funding, Ltd. 2025-3A (3-Month CME Term SOFR + 0.950%) (Cayman Islands)<sup>1,2</sup> | 01/15/34 | 4.660% | $14216954 |
| 9810000 | PFS Financing Corp. 2023-A<sup>1</sup> | 03/15/28 | 5.800 | 9830192 |
| 14090000 | PFS Financing Corp. 2025-A (30-Day SOFR + 0.650%)<sup>1,2</sup> | 01/15/29 | 4.357 | 14107445 |
| 12690000 | PFS Financing Corp. 2025-B<sup>1</sup> | 02/15/30 | 4.850 | 12898979 |
| 23860000 | PFS Financing Corp. 2025-D<sup>1</sup> | 05/15/30 | 4.470 | 24042276 |
| 31020000 | Purchasing Power Funding LLC 2024-A<sup>1</sup> | 08/15/28 | 5.890 | 31084441 |
| 30830000 | Regional Management Issuance Trust 2025-1<sup>1</sup> | 04/17/34 | 4.990 | 31039465 |
| 21950000 | Republic Finance Issuance Trust 2024-B<sup>1</sup> | 11/20/37 | 5.420 | 22344894 |
| 36780000 | Republic Finance Issuance Trust 2025-A<sup>1</sup> | 11/20/34 | 4.590 | 36862439 |
| 23320000 | Retained Vantage Data Centers Issuer LLC 2023-1A<sup>1</sup> | 09/15/48 | 5.000 | 23300096 |
| 26350000 | Santander Drive Auto Receivables Trust 2025-2 | 08/15/29 | 4.670 | 26528118 |
| 13300000 | SCF Equipment Leasing LLC 2025-2A<sup>1</sup> | 12/22/31 | 4.260 | 13343143 |
| 5986172 | Shenton Aircraft Investment I, Ltd. 2015-1A (Cayman Islands)<sup>1</sup> | 10/15/42 | 4.750 | 5826607 |
| 24210000 | Sotheby's Artfi Master Trust 2024-1A<sup>1</sup> | 12/22/31 | 6.430 | 24261884 |
| 12345000 | T-Mobile US Trust 2024-1A<sup>1</sup> | 09/20/29 | 5.050 | 12426158 |
| 14240000 | Toyota Lease Owner Trust 2025-A<sup>1</sup> | 02/22/28 | 4.750 | 14369326 |
| 17610000 | Verizon Master Trust 2025-3 | 03/20/30 | 4.510 | 17748799 |
| 7040000 | Westlake Automobile Receivables Trust 2023-4A<sup>1</sup> | 11/15/28 | 6.640 | 7168545 |
| 5145098 | Wheels Fleet Lease Funding 1 LLC 2023-1A<sup>1</sup> | 04/18/38 | 5.800 | 5174772 |
| 4522799 | Wheels Fleet Lease Funding 1 LLC 2023-2A<sup>1</sup> | 08/18/38 | 6.460 | 4575746 |
| 33003483 | Wheels Fleet Lease Funding 1 LLC 2025-1A<sup>1</sup> | 01/18/40 | 4.570 | 33310194 |
| 11930000 | Woodmont LP 2025-14A (3-Month CME Term SOFR + 1.250%) (Cayman Islands)<sup>1,2</sup> | 01/20/34 | 4.936 | 11916844 |
| 32195000 | World Financial Network Credit Card Master Note Trust 2024-B | 05/15/31 | 4.620 | 32534992 |
| 11295000 | World Financial Network Credit Card Master Trust 2023-A | 03/15/30 | 5.020 | 11322730 |
|  | **Total Asset Backed Securities** |  |  | **2285650185** |
|  | &nbsp;&nbsp;&nbsp;**(Cost $2,278,615,001)** |  |  |  |
|  | **Commercial Mortgage Backed Securities (3.9%)** |  |  |  |
| 31250000 | Atrium Hotel Portfolio Trust 2025-ATRM (1-Month CME Term SOFR + 1.650%)<sup>1,2</sup> | 08/15/42 | 5.330 | 31339694 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Commercial Mortgage Backed Securities (continued)** |  |  |  |
| $21473648 | BB-UBS Trust 2012-TFT<sup>1,2,3</sup> | &nbsp;&nbsp;06/05/30 | 3.559% | $20399750 |
| 9149260 | BLP Commercial Mortgage Trust 2023-IND (1-Month CME Term SOFR + 1.692%)<sup>1,2</sup> | &nbsp;&nbsp;03/15/40 | 5.372 | 9160696 |
| 18100000 | BX Commercial Mortgage Trust 2022-CSMO (1-Month CME Term SOFR + 2.115%)<sup>1,2</sup> | &nbsp;&nbsp;06/15/27 | 5.795 | 18111312 |
| 8144831 | BX Commercial Mortgage Trust 2022-LP2 (1-Month CME Term SOFR + 1.013%)<sup>1,2</sup> | &nbsp;&nbsp;02/15/39 | 4.693 | 8142286 |
| 21220000 | BX Commercial Mortgage Trust 2024-GPA2 (1-Month CME Term SOFR + 1.542%)<sup>1,2</sup> | &nbsp;&nbsp;11/15/41 | 5.223 | 21253156 |
| 19498134 | BX Trust 2025-LUNR (1-Month CME Term SOFR + 1.500%)<sup>1,2</sup> | &nbsp;&nbsp;06/15/40 | 5.180 | 19528600 |
| 27868607 | BX Trust 2025-ROIC (1-Month CME Term SOFR + 1.144%)<sup>1,2</sup> | &nbsp;&nbsp;03/15/30 | 4.824 | 27893603 |
| 1105514 | BXMT, Ltd. 2020-FL2 (1-Month CME Term SOFR + 1.264%) (Cayman Islands)<sup>1,2</sup> | &nbsp;&nbsp;02/15/38 | 4.942 | 1105153 |
| 7171884 | BXMT, Ltd. 2021-FL4 (1-Month CME Term SOFR + 1.164%)<sup>1,2</sup> | &nbsp;&nbsp;05/15/38 | 4.842 | 7127616 |
| 22436322 | CG-CCRE Commercial Mortgage Trust 2014-FL2 (1-Month CME Term SOFR + 3.014%)<sup>1,2</sup> | &nbsp;&nbsp;11/15/31 | 6.695 | 18477114 |
| 18875000 | COMM Mortgage Trust 2025-SBX<sup>1,2,3</sup> | &nbsp;&nbsp;08/10/41 | 5.257 | 18968526 |
| 11715000 | Commercial Mortgage Pass Through Certificate<sup>1,3</sup> | &nbsp;&nbsp;07/12/28 | 6.891 | 12169597 |
| 25310000 | DBC Mortgage Trust 2025-DBC (1-Month CME Term SOFR + 1.350%)<sup>1,2</sup> | &nbsp;&nbsp;11/15/42 | 5.031 | 25357456 |
| 20885000 | DK Trust 2024-SPBX (1-Month CME Term SOFR + 1.500%)<sup>1,2</sup> | &nbsp;&nbsp;03/15/34 | 5.180 | 20937212 |
| 23600000 | Life Mortgage Trust 2022-BMR2 (1-Month CME Term SOFR + 1.295%)<sup>1,2</sup> | &nbsp;&nbsp;05/15/39 | 4.975 | 22926841 |
| 16040000 | MTN Commercial Mortgage Trust 2022-LPFL (1-Month CME Term SOFR + 1.397%)<sup>1,2</sup> | &nbsp;&nbsp;03/15/39 | 5.087 | 16040000 |
| 14870000 | ORL Trust 2024-GLKS (1-Month CME Term SOFR + 1.493%)<sup>1,2</sup> | &nbsp;&nbsp;12/15/39 | 5.173 | 14907175 |
| 29100000 | SHRN Trust 2025-MF18 (1-Month CME Term SOFR + 1.200%)<sup>1,2</sup> | &nbsp;&nbsp;10/15/40 | 4.880 | 29136375 |
| 46350000 | SPGN Mortgage Trust 2022-TFLM (1-Month CME Term SOFR + 1.550%)<sup>1,2</sup> | &nbsp;&nbsp;02/15/39 | 5.230 | 46333082 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Commercial Mortgage Backed Securities (continued)** |  |  |  |
| $17494889 | WMRK Commercial Mortgage Trust 2022-WMRK (1-Month CME Term SOFR + 2.789%)<sup>1,2</sup> | &nbsp;&nbsp;11/15/27 | 6.469% | $17652343 |
|  | **Total Commercial Mortgage Backed Securities** |  |  |  |
|  | &nbsp;&nbsp;&nbsp;**(Cost $411,071,040)** |  |  | **406967587** |
|  | **Corporate Bonds (48.6%)** |  |  |  |
|  | **Aerospace/Defense (0.1%)** |  |  |  |
| 11105000 | BAE Systems, Plc. (United Kingdom)<sup>1</sup> | &nbsp;&nbsp;03/26/27 | 5.000 | 11234897 |
|  | **Agriculture (0.3%)** |  |  |  |
| 2420000 | Bunge, Ltd. Finance Corp. | &nbsp;&nbsp;05/14/31 | 2.750 | 2228083 |
| 27600000 | Cargill, Inc.<sup>1</sup> | &nbsp;&nbsp;02/11/28 | 4.625 | 28016231 |
| 2400000 | Cargill, Inc.<sup>1</sup> | &nbsp;&nbsp;11/10/31 | 2.125 | 2131953 |
| 2000000 | Philip Morris International, Inc. | &nbsp;&nbsp;02/13/29 | 4.875 | 2047570 |
|  |  |  |  | 34423837 |
|  | **Airlines (0.1%)** |  |  |  |
| 6467083 | Delta Air Lines, Inc. / SkyMiles IP, Ltd. (Multinational)<sup>1</sup> | &nbsp;&nbsp;10/20/28 | 4.750 | 6515981 |
|  | **Auto Manufacturers (6.4%)** |  |  |  |
| 55000 | American Honda Finance Corp. | &nbsp;&nbsp;10/22/27 | 4.450 | 55485 |
| 21515000 | BMW US Capital LLC<sup>1</sup> | &nbsp;&nbsp;08/13/26 | 4.650 | 21598206 |
| 27240000 | BMW US Capital LLC<sup>1</sup> | &nbsp;&nbsp;03/19/27 | 4.650 | 27453921 |
| 20480000 | BMW US Capital LLC<sup>1</sup> | &nbsp;&nbsp;08/11/27 | 4.150 | 20553591 |
| 76889000 | Ford Motor Credit Co. LLC | &nbsp;&nbsp;11/05/26 | 5.125 | 77322565 |
| 10370000 | General Motors Co. | &nbsp;&nbsp;04/15/28 | 5.350 | 10631575 |
| 23920000 | General Motors Financial Co., Inc. | &nbsp;&nbsp;04/06/26 | 5.400 | 23982299 |
| 2000000 | General Motors Financial Co., Inc. | &nbsp;&nbsp;06/10/26 | 1.500 | 1982703 |
| 11055000 | Hyundai Capital America<sup>1</sup> | &nbsp;&nbsp;03/30/26 | 5.500 | 11084261 |
| 14835000 | Hyundai Capital America<sup>1</sup> | &nbsp;&nbsp;06/24/26 | 5.450 | 14919524 |
| 13795000 | Hyundai Capital America<sup>1</sup> | &nbsp;&nbsp;06/26/26 | 5.650 | 13887426 |
| 11580000 | Hyundai Capital America<sup>1</sup> | &nbsp;&nbsp;01/08/27 | 5.250 | 11720173 |
| 18920000 | Hyundai Capital America<sup>1</sup> | &nbsp;&nbsp;03/25/27 | 4.850 | 19088908 |
| 44615000 | Hyundai Capital America<sup>1</sup> | &nbsp;&nbsp;06/23/27 | 4.875 | 45090580 |
| 20885000 | Hyundai Capital America<sup>1</sup> | &nbsp;&nbsp;11/01/27 | 4.875 | 21168921 |
| 2100000 | Hyundai Capital America<sup>1</sup> | &nbsp;&nbsp;01/16/29 | 6.500 | 2227268 |
| 25455000 | Mercedes-Benz Finance North America LLC<sup>1</sup> | &nbsp;&nbsp;03/30/26 | 4.800 | 25494681 |
| 37185000 | Mercedes-Benz Finance North America LLC<sup>1</sup> | &nbsp;&nbsp;07/31/26 | 4.875 | 37374598 |
| 31410000 | Mercedes-Benz Finance North America LLC<sup>1</sup> | &nbsp;&nbsp;11/13/26 | 4.800 | 31635623 |
| 57680000 | Mercedes-Benz Finance North America LLC<sup>1</sup> | &nbsp;&nbsp;04/01/27 | 4.650 | 58179657 |
| 2245000 | Stellantis Finance US, Inc.<sup>1</sup> | &nbsp;&nbsp;01/29/27 | 1.711 | 2191359 |
| 17090000 | Toyota Motor Credit Corp. | &nbsp;&nbsp;08/07/26 | 4.550 | 17157270 |
| 2100000 | Toyota Motor Credit Corp. | &nbsp;&nbsp;03/22/27 | 3.050 | 2084412 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Corporate Bonds (continued)** | **Corporate Bonds (continued)** |  |  |
|  | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |  |  |
| $32165000 | Toyota Motor Credit Corp. | &nbsp;&nbsp;05/14/27 | 4.500% | $32476040 |
| 33086000 | Toyota Motor Credit Corp. | &nbsp;&nbsp;11/10/27 | 5.450 | 34047500 |
| 17830000 | Volkswagen Group of America Finance LLC<sup>1</sup> | &nbsp;&nbsp;08/14/26 | 4.900 | 17909744 |
| 46749000 | Volkswagen Group of America Finance LLC<sup>1</sup> | &nbsp;&nbsp;09/26/26 | 3.200 | 46446664 |
| 18870000 | Volkswagen Group of America Finance LLC<sup>1</sup> | &nbsp;&nbsp;03/25/27 | 4.950 | 19027950 |
| 20600000 | Volkswagen Group of America Finance LLC<sup>1</sup> | &nbsp;&nbsp;08/15/27 | 4.850 | 20799403 |
|  |  |  |  | 667592307 |
|  | **Banks (11.7%)** |  |  |  |
| 17000000 | Banco Santander S.A. (1-Year CMT Index + 1.250%) (Spain)<sup>2</sup> | &nbsp;&nbsp;03/14/28 | 5.552 | 17271438 |
| 30000000 | Bank of America Corp. (SOFR + 1.340%)<sup>2</sup> | &nbsp;&nbsp;09/15/27 | 5.933 | 30354729 |
| 1920000 | Bank of America Corp. (3-Month CME Term SOFR + 1.774%)<sup>2</sup> | &nbsp;&nbsp;04/24/28 | 3.705 | 1912081 |
| 30255000 | Bank of New York Mellon (SOFR + 0.693%)<sup>2</sup> | &nbsp;&nbsp;04/20/27 | 4.587 | 30297483 |
| 1925000 | Bank of New York Mellon Corp. (SOFR + 1.598%)<sup>2</sup> | &nbsp;&nbsp;10/25/29 | 6.317 | 2038982 |
| 19870000 | Bank of New Zealand (New Zealand)<sup>1</sup> | &nbsp;&nbsp;02/07/28 | 4.846 | 20217200 |
| 9500000 | Bank of New Zealand (New Zealand)<sup>1</sup> | &nbsp;&nbsp;01/30/29 | 5.076 | 9769785 |
| 23440000 | BNP Paribas S.A. (SOFR + 1.450%) (France)<sup>1,2</sup> | &nbsp;&nbsp;05/09/29 | 4.792 | 23715059 |
| 80625000 | Canadian Imperial Bank of Commerce (Canada) | &nbsp;&nbsp;10/02/26 | 5.926 | 81738290 |
| 19725000 | Canadian Imperial Bank of Commerce (Canada) | &nbsp;&nbsp;04/28/28 | 5.001 | 20155290 |
| 45775000 | Citibank NA | &nbsp;&nbsp;05/29/27 | 4.576 | 46198930 |
| 45795000 | Citigroup, Inc. (SOFR + 1.143%)<sup>2</sup> | &nbsp;&nbsp;05/07/28 | 4.643 | 46146270 |
| 2100000 | Citigroup, Inc. (SOFR + 1.887%)<sup>2</sup> | &nbsp;&nbsp;05/24/28 | 4.658 | 2117814 |
| 1940000 | Citizens Bank NA (SOFR + 2.000%)<sup>2</sup> | &nbsp;&nbsp;08/09/28 | 4.575 | 1954312 |
| 25252000 | Comerica, Inc. (SOFR + 2.155%)<sup>2</sup> | &nbsp;&nbsp;01/30/30 | 5.982 | 26396454 |
| 1925000 | Goldman Sachs Group, Inc. (SOFR + 1.114%)<sup>2</sup> | &nbsp;&nbsp;02/24/28 | 2.640 | 1897425 |
| 16355000 | Goldman Sachs Group, Inc. (SOFR + 1.319%)<sup>2</sup> | &nbsp;&nbsp;04/23/28 | 4.937 | 16531513 |
| 25640000 | HSBC Holdings, Plc. (SOFR + 1.570%) (United Kingdom)<sup>2</sup> | &nbsp;&nbsp;08/14/27 | 5.887 | 25890409 |
| 18414000 | Huntington Bancshares, Inc. (SOFR + 1.970%)<sup>2</sup> | &nbsp;&nbsp;08/04/28 | 4.443 | 18520149 |
| 1915000 | Huntington National Bank (SOFR + 1.650%)<sup>2</sup> | &nbsp;&nbsp;05/17/28 | 4.552 | 1926376 |
| 2110000 | JPMorgan Chase & Co. (SOFR + 1.190%)<sup>2</sup> | &nbsp;&nbsp;01/23/28 | 5.040 | 2131405 |
| 12600000 | JPMorgan Chase & Co. (SOFR + 0.930%)<sup>2</sup> | &nbsp;&nbsp;07/22/28 | 4.979 | 12781195 |
| 18760000 | Keybank National Association | &nbsp;&nbsp;11/15/27 | 5.850 | 19331849 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Corporate Bonds (continued)** |  |  |  |
|  | **Banks (continued)** |  |  |  |
| $17755000 | Lloyds Banking Group, Plc. (1-Year CMT Index + 1.800%) (United Kingdom)<sup>2</sup> | &nbsp;&nbsp;03/18/28 | 3.750% | $17706477 |
| 2100000 | M&T Bank Corp. (SOFR + 2.260%)<sup>2</sup> | &nbsp;&nbsp;03/13/32 | 6.082 | 2230568 |
| 26420000 | Morgan Stanley (SOFR + 1.380%)<sup>2</sup> | &nbsp;&nbsp;04/12/29 | 4.994 | 26903360 |
| 26755000 | Morgan Stanley Bank NA (SOFR + 0.906%)<sup>2</sup> | &nbsp;&nbsp;01/12/29 | 5.016 | 27256269 |
| 47310000 | Morgan Stanley Private Bank NA (SOFR + 0.780%)<sup>2</sup> | &nbsp;&nbsp;11/17/28 | 4.204 | 47441479 |
| 2215000 | National Securities Clearing Corp.<sup>1</sup> | &nbsp;&nbsp;05/20/27 | 4.350 | 2231335 |
| 33755000 | NatWest Group, Plc. (SOFR + 1.300%) (United Kingdom)<sup>2</sup> | &nbsp;&nbsp;11/15/28 | 5.102 | 34052498 |
| 19015000 | NatWest Markets, Plc. (United Kingdom)<sup>1</sup> | &nbsp;&nbsp;03/21/28 | 4.789 | 19326033 |
| 45895000 | PNC Bank NA (SOFR + 0.630%)<sup>2</sup> | &nbsp;&nbsp;05/13/27 | 4.543 | 45956031 |
| 25345000 | PNC Financial Services Group, Inc. (SOFR + 1.730%)<sup>2</sup> | &nbsp;&nbsp;10/20/27 | 6.615 | 25813221 |
| 2200000 | PNC Financial Services Group, Inc. (SOFR + 1.850%)<sup>2</sup> | &nbsp;&nbsp;06/06/33 | 4.626 | 2180991 |
| 24915000 | Royal Bank of Canada (Canada) | &nbsp;&nbsp;08/03/27 | 4.240 | 25080619 |
| 64445000 | Royal Bank of Canada (SOFR + 0.810%) (Canada)<sup>2</sup> | &nbsp;&nbsp;03/27/28 | 4.715 | 65024473 |
| 12379000 | Santander Holdings USA, Inc. (SOFR + 2.356%)<sup>2</sup> | &nbsp;&nbsp;03/09/29 | 6.499 | 12911482 |
| 28865000 | Santander Holdings USA, Inc. (SOFR + 1.610%)<sup>2</sup> | &nbsp;&nbsp;03/20/29 | 5.473 | 29520260 |
| 37275000 | Skandinaviska Enskilda Banken AB (Sweden)<sup>1</sup> | &nbsp;&nbsp;06/02/28 | 4.375 | 37692341 |
| 11875000 | Skandinaviska Enskilda Banken AB (Sweden)<sup>1</sup> | &nbsp;&nbsp;03/05/29 | 5.375 | 12278275 |
| 47860000 | State Street Corp. | &nbsp;&nbsp;02/28/28 | 4.536 | 48527972 |
| 2125000 | State Street Corp. (SOFR + 1.018%)<sup>2</sup> | &nbsp;&nbsp;02/20/29 | 4.530 | 2149785 |
| 33741000 | Svenska Handelsbanken AB (Sweden)<sup>1</sup> | &nbsp;&nbsp;06/15/28 | 5.500 | 34860920 |
| 72735000 | Truist Bank (SOFR + 0.590%)<sup>2</sup> | &nbsp;&nbsp;05/20/27 | 4.671 | 72855225 |
| 2200000 | Truist Bank (SOFR + 0.911%)<sup>2</sup> | &nbsp;&nbsp;10/23/29 | 4.136 | 2198715 |
| 42990000 | US Bancorp (5-Year CMT Index + 2.541%)<sup>2,5</sup> |  | 3.700 | 42391768 |
| 1910000 | US Bancorp (SOFR + 2.020%)<sup>2</sup> | &nbsp;&nbsp;06/12/29 | 5.775 | 1982814 |
| 20635000 | US Bank NA (SOFR + 0.910%)<sup>2</sup> | &nbsp;&nbsp;05/15/28 | 4.730 | 20833917 |
| 1925000 | Wells Fargo & Co. (SOFR + 1.510%)<sup>2</sup> | &nbsp;&nbsp;03/24/28 | 3.526 | 1914850 |
| 32115000 | Wells Fargo & Co. (SOFR + 1.370%)<sup>2</sup> | &nbsp;&nbsp;04/23/29 | 4.970 | 32725980 |
| 26655000 | Westpac Banking Corp. (Australia) | &nbsp;&nbsp;11/18/27 | 5.457 | 27428126 |
| 30895000 | Westpac New Zealand, Ltd. (New Zealand)<sup>1</sup> | &nbsp;&nbsp;02/15/28 | 4.902 | 31411491 |
|  |  |  |  | 1212181713 |
|  | **Beverages (0.0%)** |  |  |  |
| 2200000 | Keurig Dr Pepper, Inc. | &nbsp;&nbsp;03/15/27 | 5.100 | 2223955 |
| 2105000 | PepsiCo, Inc. | &nbsp;&nbsp;07/17/29 | 4.500 | 2146813 |
|  |  |  |  | 4370768 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Corporate Bonds (continued)** |  |  |  |
|  | **Biotechnology (0.0%)** |  |  |  |
| $2200000 | CSL Finance, Plc. (United Kingdom)<sup>1</sup> | 04/27/32 | 4.250% | $2163100 |
| 1910000 | Illumina, Inc. | 12/13/27 | 5.750 | 1966222 |
|  |  |  |  | 4129322 |
|  | **Building Materials (0.3%)** |  |  |  |
| 29770000 | Amrize Finance US LLC | 04/07/27 | 4.600 | 29980753 |
|  | **Commercial Services (0.1%)** |  |  |  |
| 12154000 | Ashtead Capital, Inc.<sup>1</sup> | 11/01/29 | 4.250 | 12045793 |
|  | **Computers (0.0%)** |  |  |  |
| 2000000 | Accenture Capital, Inc. | 10/04/29 | 4.050 | 2006725 |
| 2460000 | Apple, Inc. | 08/05/28 | 1.400 | 2329027 |
|  |  |  |  | 4335752 |
|  | **Cosmetics/Personal Care (0.2%)** |  |  |  |
| 2100000 | Kenvue, Inc. | 03/22/30 | 5.000 | 2160839 |
| 19550000 | Unilever Capital Corp. | 08/12/27 | 4.250 | 19704873 |
|  |  |  |  | 21865712 |
|  | **Diversified Financial Services (2.1%)** |  |  |  |
| 46858000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland) | 10/29/26 | 2.450 | 46331191 |
| 38724000 | American Express Co. (SOFR + 0.750%)<sup>2</sup> | 04/23/27 | 5.645 | 38865319 |
| 2175000 | American Express Co. (SOFR + 1.000%)<sup>2</sup> | 02/16/28 | 5.098 | 2200224 |
| 27030000 | American Express Co. (SOFR + 1.260%)<sup>2</sup> | 04/25/29 | 4.731 | 27437179 |
| 2220000 | Atlas Warehouse Lending Co. LP<sup>1</sup> | 11/15/30 | 4.950 | 2229396 |
| 12080000 | Capital One Financial Corp. (SOFR + 2.440%)<sup>2</sup> | 10/29/27 | 7.149 | 12340076 |
| 18620000 | Credit Acceptance Corp.<sup>1</sup> | 12/15/28 | 9.250 | 19511358 |
| 25095000 | Credit Opportunities Partners JV LLC | 04/01/26 | 4.250 | 25045312 |
| 43740000 | Equitable America Global Funding<sup>1</sup> | 06/09/28 | 4.650 | 44247661 |
|  |  |  |  | 218207716 |
|  | **Electric (0.6%)** |  |  |  |
| 1920000 | Atlantic City Electric Co. | 03/15/31 | 2.300 | 1743384 |
| 1910000 | Duke Energy Ohio, Inc. | 06/01/30 | 2.125 | 1750706 |
| 21932382 | Duke Energy Progress NC Storm Funding LLC | 07/01/30 | 1.295 | 21114834 |
| 2000000 | Evergy Missouri West, Inc.<sup>1</sup> | 12/15/27 | 5.150 | 2036110 |
| 1930000 | Fells Point Funding Trust<sup>1</sup> | 01/31/27 | 3.046 | 1912931 |
| 1930000 | FirstEnergy Pennsylvania Electric Co.<sup>1</sup> | 03/30/26 | 5.150 | 1933861 |
| 2100000 | Florida Power & Light Co. | 04/01/33 | 5.100 | 2167500 |
| 2130000 | Pacific Gas & Electric Co. | 05/15/29 | 5.550 | 2200331 |
| 1940000 | PacifiCorp. | 02/15/34 | 5.450 | 1969050 |
| 2100000 | Public Service Co of Colorado | 05/15/34 | 5.350 | 2156494 |
| 18615000 | Public Service Enterprise Group, Inc. | 10/15/28 | 5.875 | 19433850 |
| 2100000 | Southern California Edison Co. | 03/15/30 | 5.250 | 2156398 |
|  |  |  |  | 60575449 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Corporate Bonds (continued)** |  |  |  |
|  | **Electronics (0.0%)** |  |  |  |
| $2200000 | Honeywell International, Inc. | 03/01/27 | 1.100% | $2139704 |
|  | **Energy-Alternate Sources (0.2%)** |  |  |  |
| 22605000 | XPLR Infrastructure LP<sup>1</sup> | 06/15/26 | 2.500 | 22182286 |
|  | **Food (1.1%)** |  |  |  |
| 15535000 | General Mills, Inc. | 10/17/28 | 5.500 | 16102888 |
| 12590000 | Hormel Foods Corp. | 03/30/27 | 4.800 | 12718015 |
| 46820000 | Mars, Inc.<sup>1</sup> | 03/01/27 | 4.450 | 47163688 |
| 2120000 | Mars, Inc.<sup>1</sup> | 03/01/32 | 5.000 | 2178575 |
| 21220000 | Nestle Capital Corp.<sup>1</sup> | 03/12/29 | 4.650 | 21692247 |
| 2200000 | Nestle Holdings, Inc.<sup>1</sup> | 03/14/28 | 5.000 | 2252839 |
| 11460000 | Sysco Corp. | 01/17/29 | 5.750 | 11983139 |
|  |  |  |  | 114091391 |
|  | **Gas (0.0%)** |  |  |  |
| 1940000 | Brooklyn Union Gas Co.<sup>1</sup> | 08/05/27 | 4.632 | 1949496 |
| 1925000 | Southern California Gas Co. | 02/01/30 | 2.550 | 1814341 |
|  |  |  |  | 3763837 |
|  | **Healthcare-Products (0.7%)** |  |  |  |
| 970000 | Baxter International, Inc. | 02/01/27 | 1.915 | 949982 |
| 52740000 | Medline Borrower LP<sup>1</sup> | 04/01/29 | 3.875 | 51564967 |
| 24315000 | Medtronic Global Holdings SCA (Luxembourg) | 03/30/28 | 4.250 | 24500185 |
|  |  |  |  | 77015134 |
|  | **Healthcare-Services (1.1%)** |  |  |  |
| 1925000 | Adventist Health System | 03/01/29 | 2.952 | 1833727 |
| 13340000 | Ascension Health | 11/15/28 | 4.078 | 13401746 |
| 2200000 | Ascension Health | 11/15/30 | 4.294 | 2200966 |
| 2125000 | Health Care Service Corp. A Mutual Legal Reserve Co.<sup>1</sup> | 06/15/34 | 5.450 | 2166214 |
| 12919000 | Providence St Joseph Health Obligated Group | .10/01/29 | 2.532 | 12143320 |
| 32090000 | Roche Holdings, Inc.<sup>1</sup> | 11/13/26 | 5.265 | 32421185 |
| 22000000 | Roche Holdings, Inc.<sup>1</sup> | 03/08/29 | 4.790 | 22546691 |
| 18145000 | Roche Holdings, Inc.<sup>1</sup> | 09/09/29 | 4.203 | 18268335 |
| 7490000 | Roche Holdings, Inc.<sup>1</sup> | 12/02/30 | 4.075 | 7474003 |
| 2000000 | Roche Holdings, Inc.<sup>1</sup> | 11/13/33 | 5.593 | 2134926 |
| 2355000 | UnitedHealth Group, Inc. | 05/15/26 | 1.150 | 2337370 |
|  |  |  |  | 116928483 |
|  | **Insurance (10.4%)** |  |  |  |
| 26415000 | American Coastal Insurance Corp. | 12/15/27 | 6.250 | 26400445 |
| 22375000 | American National Global Funding<sup>1</sup> | 01/28/30 | 5.550 | 23018916 |
| 33015000 | American National Global Funding<sup>1</sup> | 06/03/30 | 5.250 | 33520619 |
| 33170000 | American National Global Funding<sup>1</sup> | 01/23/31 | 4.875 | 33036069 |
| 35075000 | Athene Global Funding<sup>1</sup> | 02/23/26 | 5.684 | 35109703 |
| 25000000 | Athene Global Funding<sup>1</sup> | 07/09/27 | 5.349 | 25420393 |
| 22035000 | Athene Global Funding (SOFR + 0.950%)<sup>1,2</sup> | 03/06/28 | 4.656 | 22136904 |
| 47995000 | Athene Global Funding<sup>1</sup> | 01/09/29 | 5.583 | 49420767 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Corporate Bonds (continued)** |  |  |  |
|  | **Insurance (continued)** |  |  |  |
| $2120000 | Athene Global Funding<sup>1</sup> | 01/07/30 | 5.380% | $2167933 |
| 1925000 | Brighthouse Financial Global Funding<sup>1</sup> | 04/09/27 | 5.550 | 1949211 |
| 1910000 | CNO Global Funding<sup>1</sup> | 06/04/27 | 5.875 | 1950698 |
| 30350000 | Corebridge Global Funding<sup>1</sup> | 06/24/26 | 5.350 | 30518363 |
| 2130000 | Corebridge Global Funding<sup>1</sup> | 08/20/27 | 4.650 | 2152510 |
| 26910000 | Corebridge Global Funding<sup>1</sup> | 09/19/28 | 5.900 | 28082232 |
| 15280000 | Equitable Financial Life Global Funding<sup>1</sup> | 03/27/30 | 5.000 | 15577602 |
| 1925000 | F&G Global Funding<sup>1</sup> | 06/30/26 | 1.750 | 1907485 |
| 25964000 | F&G Global Funding<sup>1</sup> | 04/11/27 | 2.300 | 25376205 |
| 34080000 | F&G Global Funding<sup>1</sup> | 06/10/27 | 5.875 | 34781177 |
| 17735000 | F&G Global Funding<sup>1</sup> | 09/08/28 | 4.650 | 17856080 |
| 31655000 | F&G Global Funding<sup>1</sup> | 01/09/29 | 4.500 | 31663759 |
| 2200000 | GA Global Funding Trust<sup>1</sup> | 09/23/27 | 4.400 | 2207506 |
| 17225000 | GA Global Funding Trust<sup>1</sup> | 01/08/29 | 5.500 | 17720292 |
| 41635000 | Guardian Life Global Funding<sup>1</sup> | 09/26/29 | 4.179 | 41677855 |
| 24485000 | Guardian Life Global Funding<sup>1</sup> | 04/28/30 | 4.798 | 24907247 |
| 23835000 | Guardian Life Global Funding<sup>1</sup> | 12/11/30 | 4.402 | 23883519 |
| 2059000 | Jackson National Life Global Funding<sup>1</sup> | 07/02/27 | 5.550 | 2099351 |
| 1924000 | MassMutual Global Funding II<sup>1</sup> | 04/09/27 | 5.100 | 1951618 |
| 44790000 | Met Tower Global Funding<sup>1</sup> | 09/14/26 | 1.250 | 44099634 |
| 23485000 | Met Tower Global Funding<sup>1</sup> | 04/12/29 | 5.250 | 24277888 |
| 2090000 | Metropolitan Life Global Funding I<sup>1</sup> | 01/08/29 | 4.850 | 2133681 |
| 54060000 | Mutual of Omaha Cos Global Funding<sup>1</sup> | 06/09/28 | 4.514 | 54521131 |
| 18735000 | Mutual of Omaha Cos Global Funding<sup>1</sup> | 04/01/30 | 5.000 | 19112730 |
| 27190000 | New York Life Global Funding<sup>1</sup> | 04/25/28 | 4.400 | 27481026 |
| 2185000 | New York Life Global Funding<sup>1</sup> | 01/28/33 | 4.550 | 2171964 |
| 38945000 | Northwestern Mutual Global Funding<sup>1</sup> | 03/25/27 | 5.070 | 39454083 |
| 24865000 | Northwestern Mutual Global Funding<sup>1</sup> | 01/10/29 | 4.710 | 25337840 |
| 37490000 | Pacific Life Global Funding II<sup>1</sup> | 04/04/28 | 4.900 | 38216258 |
| 14300000 | Pacific Life Global Funding II<sup>1</sup> | 08/28/29 | 4.500 | 14455234 |
| 12685000 | Pricoa Global Funding I<sup>1</sup> | 08/27/27 | 4.400 | 12798242 |
| 12560000 | Principal Life Global Funding II<sup>1</sup> | 01/16/27 | 5.000 | 12691696 |
| 1955000 | Principal Life Global Funding II<sup>1</sup> | 06/28/28 | 5.500 | 2014787 |
| 1925000 | Protective Life Global Funding<sup>1</sup> | 04/14/26 | 5.209 | 1929714 |
| 36560000 | Protective Life Global Funding<sup>1</sup> | 09/13/27 | 4.335 | 36810520 |
| 28265000 | Protective Life Global Funding<sup>1</sup> | 06/05/30 | 4.803 | 28661165 |
| 16160000 | RGA Global Funding<sup>1</sup> | 11/21/28 | 6.000 | 16937987 |
| 2280000 | RGA Global Funding<sup>1</sup> | 01/18/29 | 2.700 | 2178730 |
| 17755000 | RGA Global Funding<sup>1</sup> | 05/24/29 | 5.448 | 18391959 |
| 32080000 | RGA Global Funding<sup>1</sup> | 11/25/30 | 4.600 | 32148534 |
| 27515000 | SiriusPoint, Ltd. (Sweden) | 04/05/29 | 7.000 | 29148724 |
| 4205000 | Universal Insurance Holdings, Inc. | 11/30/26 | 5.625 | 4152145 |
| 33040000 | Western-Southern Global Funding<sup>1</sup> | 07/16/28 | 4.500 | 33 292 912 |
|  |  |  |  | 1078913043 |
|  | **Internet (0.3%)** |  |  |  |
| 2100000 | Amazon.com, Inc. | 12/01/29 | 4.650 | 2154565 |
| 26465000 | Meta Platforms, Inc. | 11/15/30 | 4.200 | 26417456 |
| 2200000 | Meta Platforms, Inc. | 11/15/32 | 4.600 | 2205506 |
|  |  |  |  | 30777527 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Corporate Bonds (continued)** |  |  |  |
|  | **Investment Companies (4.3%)** |  |  |  |
| $30435000 | Ares Capital Corp. | 07/15/26 | 2.150% | $30146798 |
| 2045000 | Ares Capital Corp. | 01/15/27 | 7.000 | 2099790 |
| 16000000 | BlackRock TCP Capital Corp. | 05/30/29 | 6.950 | 15847075 |
| 2200000 | Blackstone Private Credit Fund | 03/15/27 | 3.250 | 2166701 |
| 25975000 | Blackstone Private Credit Fund | 09/26/27 | 4.950 | 26107973 |
| 37115000 | Blue Owl Capital Corp. | 07/15/26 | 3.400 | 36913321 |
| 18000000 | Blue Owl Credit Income Corp. | 09/23/26 | 3.125 | 17829485 |
| 26605000 | Blue Owl Technology Finance Corp. | 01/23/31 | 6.125 | 26206727 |
| 30835000 | Drawbridge Special Opportunities Fund LP / Drawbridge Special Opportunities Finance<sup>1</sup> | 09/17/30 | 5.950 | 29423367 |
| 26475000 | Franklin BSP Capital Corp. | 03/30/26 | 3.250 | 26403106 |
| 33538000 | Golub Capital BDC, Inc. | 08/24/26 | 2.500 | 33154421 |
| 41130000 | HA Sustainable Infrastructure Capital, Inc. | 01/15/31 | 6.150 | 42200074 |
| 48540000 | HAT Holdings I LLC / HAT Holdings II LLC<sup>1</sup> | 06/15/26 | 3.375 | 48320301 |
| 74189000 | Main Street Capital Corp. | 07/14/26 | 3.000 | 73652562 |
| 4270000 | PennantPark Floating Rate Capital, Ltd. | 04/01/26 | 4.250 | 4256220 |
| 10878000 | PennantPark Investment Corp. | 05/01/26 | 4.500 | 10843627 |
| 17345000 | PennantPark Investment Corp. | 11/01/26 | 4.000 | 17079342 |
|  |  |  |  | 442650890 |
|  | **Machinery-Constraction & Mining (0.1%)** |  |  |  |
| 9240000 | Caterpillar Financial Services Corp. | 10/16/26 | 4.450 | 9288980 |
| 2040000 | Komatsu Finance America, Inc.<sup>1</sup> | 10/06/27 | 5.499 | 2086857 |
|  |  |  |  | 11375837 |
|  | **Machinery-Diversified (1.3%)** |  |  |  |
| 24855000 | AGCO Corp. | 03/21/27 | 5.450 | 25184874 |
| 10920000 | CNH Industrial Capital LLC | 01/12/29 | 5.500 | 11303250 |
| 27185000 | CNH Industrial Capital LLC | 04/20/29 | 5.100 | 27855137 |
| 27370000 | John Deere Capital Corp. | 07/15/27 | 4.200 | 27580137 |
| 44670000 | John Deere Capital Corp. (SOFR + 0.500%)<sup>2</sup> | 03/06/28 | 4.219 | 44859807 |
| 1935000 | John Deere Capital Corp. | 03/07/31 | 4.900 | 1995653 |
|  |  |  |  | 138778858 |
|  | **Oil & Gas (0.2%)** |  |  |  |
| 2165000 | Chevron USA, Inc. | 04/15/30 | 4.687 | 2213396 |
| 2200000 | Continental Resources, lnc.<sup>1</sup> | 11/15/26 | 2.268 | 2166927 |
| 2500000 | Shell Finance US, Inc. | 11/07/29 | 2.375 | 2362381 |
| 13932000 | Woodside Finance, Ltd. (Australia)<sup>1</sup> | 09/15/26 | 3.700 | 13 874 650 |
|  |  |  |  | 20617354 |
|  | **Packaging & Containers (0.4%)** |  |  |  |
| 37691000 | Amcor Flexibles North America, Inc. | 03/17/28 | 4.800 | 38235729 |
|  | **Pharmaceuticals (2.9%)** |  |  |  |
| 55622000 | CVS Health Corp. | 02/20/26 | 5.000 | 55634431 |
| 46200000 | Eli Lilly & Co. | 08/14/27 | 4.150 | 46520347 |
| 48105000 | Eli Lilly & Co. | 02/12/28 | 4.550 | 48893622 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Corporate Bonds (continued)** |  |  |  |
|  | **Pharmaceuticals (continued)** |  |  |  |
| $38225000 | Johnson & Johnson | 03/01/27 | 4.500% | $38565774 |
| 2000000 | Johnson & Johnson | 06/01/31 | 4.900 | 2081513 |
| 27840000 | Merck & Co., Inc. | 03/15/29 | 3.850 | 27832400 |
| 33465000 | Merck & Co., Inc. | 09/15/30 | 4.150 | 33613916 |
| 2400000 | Merck & Co., Inc. | 12/10/31 | 2.150 | 2141379 |
| 2200000 | Novartis Capital Corp. | 11/05/32 | 4.300 | 2192307 |
| 44811000 | PRA Health Sciences, Inc.<sup>1</sup> | 07/15/26 | 2.875 | 44536925 |
|  |  |  |  | 302012614 |
|  | **Pipelines (0.1%)** |  |  |  |
| 2045000 | Columbia Pipelines Operating Co. LLC<sup>1</sup> | 08/15/30 | 5.927 | 2166518 |
| 1915000 | MPLX LP | 03/01/26 | 1.750 | 1911483 |
| 2100000 | ONEOK, Inc. | 11/01/26 | 5.550 | 2121889 |
| 2000000 | Targa Resources Corp. | 07/01/27 | 5.200 | 2030006 |
|  |  |  |  | 8229896 |
|  | **Real Estate Investment Trusts (1.8%)** |  |  |  |
| 70535000 | American Tower Corp. | 10/15/26 | 3.375 | 70244967 |
| 9290000 | American Tower Trust #1<sup>1</sup> | 03/15/53 | 5.490 | 9448179 |
| 14500000 | Arbor Realty SR, Inc.<sup>1</sup> | 12/15/28 | 8.500 | 14129570 |
| 7570000 | Arbor Realty SR, Inc.<sup>1</sup> | 07/15/30 | 7.875 | 6944320 |
| 10000000 | Arbor Realty Trust, Inc.<sup>1</sup> | 04/30/26 | 5.000 | 9981730 |
| 19450000 | Arbor Realty Trust, Inc.<sup>1</sup> | 09/01/26 | 4.500 | 19264972 |
| 1920000 | Boston Properties LP | 10/01/26 | 2.750 | 1902883 |
| 25360000 | EF Holdco / EF Cayman Hold / Ellington |  |  |  |
|  | &nbsp;&nbsp;&nbsp;Finance REIT Cayman / TRS / EF |  |  |  |
|  | &nbsp;&nbsp;&nbsp;Cayman Non-MTM (Multinational)<sup>1</sup> | 04/01/27 | 5.875 | 24484261 |
| 29500000 | Rexford Industrial Realty LP | 06/15/28 | 5.000 | 30018757 |
|  |  |  |  | 186419639 |
|  | **Retail (0.3%)** |  |  |  |
| 2190000 | 7-Eleven, Inc.<sup>1</sup> | 02/10/26 | 0.950 | 2188445 |
| 22320000 | Home Depot, Inc. | 06/25/26 | 5.150 | 22445255 |
| 2110000 | Starbucks Corp. | 02/08/27 | 4.850 | 2128892 |
| 2100000 | Walmart, Inc. | 04/28/30 | 4.350 | 2133798 |
|  |  |  |  | 28896390 |
|  | **Semiconductors (0.2%)** |  |  |  |
| 16565000 | ams-OSRAM AG (Austria)<sup>1</sup> | 03/30/29 | 12.250 | 17601522 |
|  | **Software (0.9%)** |  |  |  |
| 2000000 | Concentrix Corp. | 08/02/28 | 6.600 | 2078713 |
| 61486000 | Oracle Corp. | 07/15/26 | 2.650 | 61066955 |
| 2200000 | Oracle Corp. | 05/06/30 | 4.650 | 2177441 |
| 22362000 | Synopsys, Inc. | 04/01/27 | 4.550 | 22520677 |
| 2235000 | VMware LLC | 08/15/26 | 1.400 | 2205745 |
|  |  |  |  | 90049531 |
|  | **Trucking & Leasing (0.3%)** |  |  |  |
| 31000000 | Penske Truck Leasing Co. LP / PTL Finance Corp.<sup>1</sup> | 05/01/28 | 5.550 | 31860779 |
|  | **Total Corporate Bonds** |  |  | **5050000444** |
|  | &nbsp;&nbsp;&nbsp;**(Cost $5,004,281,282)** |  |  |  |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Loan Participations and Assignments (6.2%)** |  |  |  |
| $37119611 | AAdvantage Loyality IP, Ltd. (3-Month CME Term SOFR + 2.250%) (Cayman Islands)<sup>2</sup> | 04/20/28 | 5.918% | $37119611 |
| 20984756 | Allen Media LLC (3-Month CME Term SOFR + 5.500%)<sup>2</sup> | 02/10/27 | 9.322 | 12945076 |
| 20262025 | Allspring Buyer LLC (3-Month CME Term SOFR + 3.000%)<sup>2</sup> | 11/01/30 | 6.688 | 20259593 |
| 43708430 | Asplundh Tree Expert LLC (1-Month CME Term SOFR + 1.750%)<sup>2</sup> | 09/07/27 | 5.522 | 43735966 |
| 19884040 | Axalta Coating Systems U.S. Holdings, Inc. Term B7 (3-Month CME Term SOFR + 1.750%)<sup>2</sup> | 12/20/29 | 5.422 | 19871712 |
| 9733786 | BCP Renaissance Parent LLC Term B6 (3-Month CME Term SOFR + 2.500%)<sup>2</sup> | 10/31/28 | 6.172 | 9692418 |
| 8762465 | Buckeye Partners LP Term B7 (1-Month CME Term SOFR + 1.750%)<sup>2</sup> | 11/22/32 | 5.422 | 8785248 |
| 60666290 | Charter Communications Operating LLC Term B4 (3-Month CME Term SOFR + 2.000%)<sup>2</sup> | 12/07/30 | 5.661 | 60498245 |
| 9863250 | Delos Aircraft DAC (3-Month CME Term SOFR + 1.750%) (Ireland)<sup>2</sup> | 10/31/27 | 5.422 | 9902308 |
| 19496650 | Eastern Power LLC (1-Month CME Term SOFR + 5.250%)<sup>2</sup> | 04/03/28 | 8.922 | 19548511 |
| 21752326 | Elanco Animal Health, Inc. Term B (1- Month CME Term SOFR + 1.750%)<sup>2</sup> | 10/31/32 | 5.450 | 21736011 |
| 2579851 | Healthpeak OP LLC Term A1 (1-Month CME Term SOFR + 0.840%)<sup>2</sup> | 08/20/27 | 4.512 | 2547603 |
| 2579851 | Healthpeak OP LLC Term A2 (1-Month CME Term SOFR + 0.840%)<sup>2</sup> | 02/22/27 | 4.512 | 2547603 |
| 5448842 | Healthpeak OP LLC Term A3 (SOFR + 0.850%)<sup>2</sup> | 03/01/29 | 4.490 | 5353487 |
| 68750000 | Honeywell International, Inc. Term A1 (1-Month CME Term SOFR + 0.875%)<sup>2</sup> | 05/07/27 | 4.547 | 68750000 |
| 17864662 | Iqvia, Inc. Term B5 (3-Month CME Term SOFR + 1.750%)<sup>2</sup> | 01/02/31 | 5.422 | 17916827 |
| 30347290 | Iridium Communications, Inc. Term B4 (1-Month CME Term SOFR + 2.250%)<sup>2</sup> | 09/20/30 | 5.922 | 28656643 |
| 22836638 | Jazz Pharmaceuticals, Inc. Term B2 (1- Month CME Term SOFR + 2.250%)<sup>2</sup> | 05/05/28 | 5.922 | 22890532 |
| 13796922 | Lumen Technologies, Inc. Term A (1- Month CME Term SOFR + 6.000%)<sup>2</sup> | 06/01/28 | 9.716 | 13821066 |
| 9243258 | Lumen Technologies, Inc. Term B1 (1- Month CME Term SOFR + 2.350%)<sup>2</sup> | 04/16/29 | 6.136 | 9213218 |
| 9243259 | Lumen Technologies, Inc. Term B2 (1- Month CME Term SOFR + 2.350%)<sup>2</sup> | 04/15/30 | 6.136 | 9213218 |
| 27112311 | Midcontinent Communications (1- Month CME Term SOFR + 2.500%)<sup>2</sup> | 08/16/31 | 6.173 | 26985155 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **Loan Participations and Assignments (continued)** |  |  |  |
| $3802474 | MPH Acquisition Holdings LLC (3 Month CME Term SOFR + 3.750%)<sup>2</sup> | &nbsp;&nbsp;12/31/30 | 7.417% | $3788215 |
| 31520092 | MPH Acquisition Holdings LLC (3- Month CME Term SOFR + 4.600%)<sup>2</sup> | &nbsp;&nbsp;12/31/30 | 8.528 | 28939542 |
| 7959494 | NRG Energy, Inc. (3-Month CME Term SOFR + 1.750%)<sup>2</sup> | &nbsp;&nbsp;04/16/31 | 5.521 | 7963473 |
| 42187500 | Relam Amsterdam Holdings BV Term A (1-Month CME Term SOFR + 1.250%) (Netherlands)<sup>2,4</sup> | &nbsp;&nbsp;07/10/28 | 5.022 | 41976563 |
| 39227653 | SBA Senior Finance II LLC (1-Month CME Term SOFR + 1.750%)<sup>2</sup> | &nbsp;&nbsp;01/25/31 | 5.430 | 39333960 |
| 9284243 | Setanta Aircraft Leasing DAC (3-Month CME Term SOFR + 1.750%) (Ireland)<sup>2</sup> | &nbsp;&nbsp;11/05/28 | 5.422 | 9315160 |
| 23995000 | Stonepeak Nile Parent LLC (3-Month CME Term SOFR + 2.250%)<sup>2</sup> | &nbsp;&nbsp;04/09/32 | 5.917 | 23965006 |
| 16834859 | UGI Energy Services LLC (1-Month CME Term SOFR + 2.500%)<sup>2</sup> | &nbsp;&nbsp;02/22/30 | 6.172 | &nbsp;&nbsp;&nbsp;&nbsp;16819035 |
|  | **Total Loan Participations and Assignments** |  |  |  |
|  | &nbsp;&nbsp;&nbsp;**(Cost $649,039,116)** |  |  | **644091005** |
|  | **Municipal Bonds (0.3%)** |  |  |  |
| 31000000 | Kentucky Public Energy Authority, Revenue Bonds (SOFR + 1.200%)<sup>2</sup> | &nbsp;&nbsp;08/01/52 | 3.645 | 31318550 |
|  | **Total Municipal Bonds** |  |  | **31318550** |
|  | &nbsp;&nbsp;&nbsp;**(Cost $31,000,000)** |  |  |  |
|  | **Residential Mortgage Backed Securities (0.0%)** |  |  |  |
| 4921501 | RMF Proprietary Issuance Trust 2019-1<sup>1,2,3</sup> | &nbsp;&nbsp;10/25/63 | 2.750 | 4728103 |
|  | **Total Residential Mortgage Backed Securities** |  |  |  |
|  | &nbsp;&nbsp;&nbsp;**(Cost $4,888,577)** |  |  | **4728103** |
|  | **U.S. Government Agency Obligations (1.0%)** |  |  |  |
| 101000000 | Federal Home Loan Bank Discount Notes<sup>6,7</sup> | &nbsp;&nbsp;02/02/26 | 3.521 | 101000000 |
| 5876 | Federal Home Loan Mortgage Corp. (FHLMC) Non Gold Guaranteed (1- Year RFUCCT + 1.795%)<sup>2</sup> | &nbsp;&nbsp;04/01/36 | 6.795 | 6008 |
| 10762 | Federal Home Loan Mortgage Corp. (FHLMC) Non Gold Guaranteed (6- Month RFUCCT + 1.740%)<sup>2</sup> | &nbsp;&nbsp;12/01/36 | 5.990 | 11133 |
| 1657999 | Federal National Mortgage Association (FNMA) | &nbsp;&nbsp;07/01/35 | 5.000 | 1680437 |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **U.S. Government Agency Obligations (continued)** |  |  |  |
| $103368 | Federal National Mortgage Association (FNMA) | &nbsp;&nbsp;11/01/35 | 5.500% | $107800 |
| 14109 | Federal National Mortgage Association (FNMA) (1-Year RFUCCT + 1.964%)<sup>2</sup> | &nbsp;&nbsp;07/01/36 | 6.714 | 14714 |
| 22762 | Federal National Mortgage Association (FNMA) (1-Year RFUCCT + 1.718%)<sup>2</sup> | &nbsp;&nbsp;09/01/36 | 6.438 | 23488 |
| 17386 | Federal National Mortgage Association (FNMA) (1-Year RFUCCT + 1.718%)<sup>2</sup> | &nbsp;&nbsp;01/01/37 | 5.995 | 17930 |
| 98880 | Federal National Mortgage Association (FNMA) | &nbsp;&nbsp;08/01/37 | 5.500 | 103121 |
| 1154138 | Federal National Mortgage Association (FNMA) | &nbsp;&nbsp;08/01/37 | 5.500 | 1184633 |
| 529815 | Federal National Mortgage Association (FNMA) | &nbsp;&nbsp;06/01/40 | 6.500 | 561921 |
| 1763 | Government National Mortgage Association (GNMA) (1-Year CMT Index + 1.500%)<sup>2</sup> | &nbsp;&nbsp;08/20/29 | 5.375 | 1772 |
|  | **Total U.S. Government Agency Obligations** |  |  |  |
|  | &nbsp;&nbsp;&nbsp;**(Cost $104,725,282)** |  |  | **104712957** |
|  | **U.S. Treasury Bills (17.5%)** |  |  |  |
| 100000000 | U.S. Treasury Bill<sup>6</sup> | &nbsp;&nbsp;02/05/26 | 3.786 | 99968917 |
| 119000000 | U.S. Treasury Bill<sup>6,7</sup> | &nbsp;&nbsp;02/10/26 | 3.580 | 118905735 |
| 100000000 | U.S. Treasury Bill<sup>6</sup> | &nbsp;&nbsp;02/12/26 | 3.573 | 99901111 |
| 153065000 | U.S. Treasury Bill<sup>6,7</sup> | &nbsp;&nbsp;02/17/26 | 3.721 | 152829491 |
| 100000000 | U.S. Treasury Bill<sup>6</sup> | &nbsp;&nbsp;02/24/26 | 3.758 | 99772514 |
| 152000000 | U.S. Treasury Bill<sup>6,7</sup> | &nbsp;&nbsp;02/26/26 | 3.573 | 151639529 |
| 100845000 | U.S. Treasury Bill<sup>6,7</sup> | &nbsp;&nbsp;03/03/26 | 3.615 | 100552469 |
| 150000000 | U.S. Treasury Bill<sup>6,7</sup> | &nbsp;&nbsp;03/05/26 | 3.565 | 149541867 |
| 100000000 | U.S. Treasury Bill<sup>6</sup> | &nbsp;&nbsp;03/12/26 | 3.800 | 99606278 |
| 100000000 | U.S. Treasury Bill<sup>6</sup> | &nbsp;&nbsp;03/24/26 | 3.549 | 99510417 |
| 100000000 | U.S. Treasury Bill<sup>6</sup> | &nbsp;&nbsp;03/31/26 | 3.561 | 99423033 |
| 100000000 | U.S. Treasury Bill<sup>6</sup> | &nbsp;&nbsp;04/02/26 | 3.541 | 99408361 |
| 43000000 | U.S. Treasury Bill<sup>6</sup> | &nbsp;&nbsp;04/07/26 | 3.595 | 42724943 |
| 107500000 | U.S. Treasury Bill<sup>6,7,8</sup> | &nbsp;&nbsp;04/09/26 | 3.593 | 106793456 |
| 100000000 | U.S. Treasury Bill<sup>6</sup> | &nbsp;&nbsp;04/16/26 | 3.737 | 99271825 |
| 100000000 | U.S. Treasury Bill<sup>6</sup> | &nbsp;&nbsp;05/05/26 | 3.584 | 99087667 |
| 100000000 | U.S. Treasury Bill<sup>6</sup> | &nbsp;&nbsp;05/19/26 | 3.607 | 98945889 |
|  | **Total U.S. Treasury Bills** |  |  |  |
|  | &nbsp;&nbsp;&nbsp;**(Cost $1,817,918,083)** |  |  | **1817883502** |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)<br> January 31, 2026 (unaudited)<br> All investments in the United States, except as noted.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Principal<br> Amount |  | Maturity<br> Date | Interest<br> Rate | Value |
|  | **U.S. Treasury Bonds and Notes (0.2%)** |  |  |  |
| $23975000 | U.S. Treasury Note | 07/31/30 | 3.875% | $24085510 |
|  | **Total U.S. Treasury Bonds and Notes** |  |  | **24085510** |
|  | &nbsp;&nbsp;&nbsp;**(Cost $24,094,875)** |  |  |  |
| **Total Investments (Cost $10,325,633,256)** | **Total Investments (Cost $10,325,633,256)** | **Total Investments (Cost $10,325,633,256)** | **99.7**% | $**10369437843** |
| **Cash and Other Assets in Excess of Liabilities** | **Cash and Other Assets in Excess of Liabilities** | **Cash and Other Assets in Excess of Liabilities** | **0.3**% | **27589961** |
| **Net Assets** | **Net Assets** | **Net Assets** | **100.0**% | $**10397027804** |

---

<sup>1</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. Total market value of Rule 144A securities owned at January 31, 2026 was $4,718,564,630 or 45.4% of net assets.

<sup>2</sup> Variable rate instrument. Interest rates change on specific dates (such as coupon or interest payment date). The yield shown represents the January 31, 2026 coupon or interest rate.

<sup>3</sup> This variable rate security is based on a predetermined schedule and the rate at January 31, 2026, also represents the reference rate at January 31, 2026.

<sup>4</sup> Security that used significant unobservable inputs to determine fair value, as determined by the Adviser.

<sup>5</sup> Security is perpetual in nature and has no stated maturity date.

<sup>6</sup> Coupon represents a yield to maturity.

<sup>7</sup> Coupon represents a weighted average yield.

<sup>8</sup> All or a portion of this security is held at the broker as collateral for open futures contracts.

Abbreviations:

CME - Chicago Mercantile Exchange.

CMT - Constant Maturity Treasury.

FHLMC - Federal Home Loan Mortgage Corporation.

FNMA - Federal National Mortgage Association.

GNMA - Government National Mortgage Association.

RFUCCT - Refinitiv USD IBOR Consumer Cash Fallbacks Term.

SOFR - Secured Overnight Financing Rate.

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)**

**January 31, 2026 (unaudited)**

Financial Futures Contracts

The following futures contracts were open at January 31, 2026:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of <br>Contracts** | **Expiration <br>Date** | **Notional <br>Amount** | **Market <br>Value** | **Unrealized <br>Gain/(Loss)** |
| **Contracts to Sell:** |  |  | | | |
| U.S. Treasury 2-Year Notes | 637 | March 2026 | $133073281 | $132809523 | $263758 |
| U.S. Treasury 5-Year Notes | 3877 | March 2026 | 425327088 | 422320401 | 3006687 |
|  |  |  |  |  | $3270445 |
| **Net Unrealized Gain on Open Futures Contracts<sup>8</sup>** |  |  |  |  | $**3270445** |

---

<sup>8</sup> The aggregate cost of investments and derivatives for federal income tax purposes is $10,325,633,256, the aggregate gross unrealized appreciation is $76,715,485 and the aggregate gross unrealized depreciation is $29,640,453, resulting in net unrealized appreciation of $47,075,032.

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)**

**January 31, 2026 (unaudited)**

**Fair Value Measurements**

BBH Limited Duration Fund (the "Fund") is required to disclose information regarding the fair value measurements of the Fund's assets and liabilities. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The disclosure requirement established a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including, for example, the risk inherent in a particular valuation technique used to measure fair value, including the model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the Fund's own considerations about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Authoritative guidance establishes three levels of the fair value hierarchy as follows:

— Level 1 – unadjusted quoted prices in active markets for identical assets and liabilities.

— Level 2 – significant other observable inputs (including quoted prices for similar assets and liabilities, interest rates, prepayment speeds, credit risk, etc.).

— Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining the fair value of assets and liabilities).

Inputs are used in applying the various valuation techniques and broadly refer to the assumptions that market participants use to make valuation decisions, including assumptions about risk. Inputs may include price information, specific and broad credit data, liquidity statistics, and other factors. A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. However, the determination of what constitutes "observable" requires judgment by the investment adviser. The investment adviser considers observable data to be that market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively involved in the relevant market. The categorization of a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and does not necessarily correspond to the investment adviser's perceived risk of that instrument.

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)**

**January 31, 2026 (unaudited)**

Financial assets within Level 1 are based on quoted market prices in active markets. The Fund does not adjust the quoted price for these instruments.

Financial instruments that trade in markets that are not considered to be active but are valued based on quoted market prices, dealer quotations or alternative pricing sources supported by observable inputs are classified within Level 2. These include investment-grade corporate bonds, U.S. Treasury notes and bonds, and certain non-U.S. sovereign obligations and over-the-counter derivatives. As Level 2 financial assets include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

Financial assets classified within Level 3 have significant unobservable inputs, as they trade infrequently. Level 3 financial assets include asset backed securities and certain corporate debt securities.

Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon the actual sale of those investments.

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)**

**January 31, 2026 (unaudited)**

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of January 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments, at value** | **Unadjusted**<br> **Quoted Prices**<br> **in Active**<br> **Markets**<br> **for Identical**<br> **Investments**<br> **(Level 1)** | **Significant**<br> **Other**<br> **Observable**<br> **Inputs**<br> **(Level 2)** | **Significant**<br> **Unobservable**<br> **Inputs**<br> **(Level 3)** | **Balance as of**<br> **January 31, 2026** |
| Asset Backed Securities | $– | $2281260812 | $4389373 | $2285650185 |
| Commercial Mortgage Backed Securities |  | 406967587 |  | 406967587 |
| Corporate Bonds |  | 5050000444 |  | 5050000444 |
| Loan Participations and Assignments |  | 602114442 | 41976563 | 644091005 |
| Municipal Bonds |  | 31318550 |  | 31318550 |
| Residential Mortgage Backed Securities |  | 4728103 |  | 4728103 |
| U.S. Government Agency Obligations |  | 104712957 |  | 104712957 |
| U.S. Treasury Bills |  | 1817883502 |  | 1817883502 |
| U.S. Treasury Bonds and Notes | – | 24085510 | – | 24085510 |
| &nbsp;&nbsp;&nbsp;**Total Investments, at value** | $**–** | $**10323071907** | $**46365936** | $**10369437843** |
| **Other Financial Instruments, at value** |  |  |  |  |
| **Assets** |  |  |  |  |
| Financial Futures Contracts | 3270445 | – | – | 3270445 |
| &nbsp;&nbsp;&nbsp;**Other Financial Instruments, at value** | $**3270445** | $**–** | $**–** | $**3270445** |

---

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)**

**January 31, 2026 (unaudited)**

The following is a reconciliation of assets for which significant unobservable inputs (Level 3) were used in determining fair value during the period ended January 31, 2026:

---

| | | | |
|:---|:---|:---|:---|
|  | **Asset**<br> **Backed**<br> **Securities** | **Loan**<br> **Participations**<br> **and**<br> **Assignments** | **Total** |
| Balance as of October 31, 2025 | $4714320 | $42536250 | $47250570 |
| Purchases |  |  |  |
| Sales/Paydowns | (325582) | (562500) | (888082) |
| Realized gains/(losses) |  | 201 | 201 |
| Change in unrealized appreciation/(depreciation) | 635 | 1071 | 1706 |
| Amortization |  | 1541 | 1541 |
| Transfers from Level 3 |  |  |  |
| Transfers to Level 3 | – | – | – |
| Balance as of January 31, 2026 | $4389373 | $41976563 | $46365936 |

---

As of January 31, 2026, $46,365,936 of value of the Level 3 assets in the Fund was based on single quotes from brokers.

**BBH Limited Duration Fund**

**Portfolio of Investments (continued)**

**January 31, 2026 (unaudited)**

Portfolio holdings are shown as of the date indicated. Since market conditions fluctuate suddenly and frequently, the portfolio holdings may change and this list is not indicative of future portfolio composition. These portfolio holdings are not intended to be and do not constitute recommendations that others buy, sell, or hold any of the securities listed.

**For more complete information on the Fund, call 1-800-575-1265 for a prospectus or visit www.bbhfunds.com. You should consider the Fund's investment objectives, risks, charges, and expenses carefully before you invest. Information about these and other important subjects is in the Fund's prospectus, which you should read carefully before investing.**

The BBH Taxable Bond Funds are managed by Brown Brothers Harriman Credit Partners, LLC. Shares of the Fund are distributed by ALPS Distributors, Inc., located at 1290 Broadway, Suite 1000, Denver, CO 80203.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BBH Trust

- **b. Investment Company Act file number:** 811-21829

- **c. CIK number of Registrant:** 0001342947

- **d. LEI of Registrant:** 5493002QM4WBFYUZ3Y95

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

  - **Street Address 1:** 140 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10005-1108

  - **Telephone number:** 800-575-1265

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

- **a. Name of Series:** BBH Limited Duration Fund

- **b. EDGAR series identifier (if any):** S000015110

- **c. LEI of Series:** 549300GDZGAO1AE3NJ34

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

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

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $10573477219.63

**Total Liabilities:** $161161134.53

**Net Assets:** $10412316085.10

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -57618.00000000 | **1-Year:** -619821.00000000 | **5-Year:** -483593.00000000 | **10-Year:** -10720.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -5243.00000000 | **1-Year:** -73124.00000000 | **5-Year:** -106378.00000000 | **10-Year:** -53857.00000000 | **30-Year:** -99286.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000041214 | 0.38%                | 0.40%                | 0.38%                |
| Class ID C000041213 | 0.47%                | 0.39%                | 0.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $360378.04               | $6233951.98                                |
| Month 2  | $396439.27               | $-1637684.08                               |
| Month 3  | $1780.76                 | $-3174567.74                               |

**Designated Index Information**

- **Index Name:** Blended LDF Benchmark

- **Index Identifier:** Blended Customized Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VOLKSWAGEN GROUP 4.9% 08/14/26 | VOLKSWAGEN GROUP AMERICA REGD 144A P/P 4.90000000                                               | CUSIP: 928668CK6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17830000 | PA      | $17909743.61   | 0.17%             | 2026-08-14      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| CONTINENTAL RE 2.268% 11/15/26 | CONTINENTAL RESOURCES REGD 144A P/P 2.26800000                                                  | CUSIP: 212015AU5<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2166926.70    | 0.02%             | 2026-11-15      | Fixed         | 2.27%                 | Yes           |                  2 | On Loan: No      |
| NORTHWESTERN MU 4.71% 01/10/29 | NORTHWESTERN MUTUAL GLBL REGD 144A P/P MTN 4.71000000                                           | CUSIP: 66815L2Q1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  24865000 | PA      | $25337839.55   | 0.24%             | 2029-01-10      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| ASHTEAD CAPITAL 4.25% 11/01/29 | ASHTEAD CAPITAL INC REGD 144A P/P 4.25000000                                                    | CUSIP: 045054AL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12154000 | PA      | $12045792.69   | 0.12%             | 2029-11-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN TOWER 3.375% 10/15/26 | AMERICAN TOWER CORP REGD 3.37500000                                                             | CUSIP: 03027XAK6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |  70535000 | PA      | $70244967.13   | 0.67%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE 5.875% 10/15/28 | PUBLIC SERVICE ENTERPRIS REGD 5.87500000                                                        | CUSIP: 744573AW6<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |  18615000 | PA      | $19433850.21   | 0.19%             | 2028-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS IN 5.5% 10/17/28 | GENERAL MILLS INC REGD 5.50000000                                                               | CUSIP: 370334CW2<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |  15535000 | PA      | $16102888.14   | 0.15%             | 2028-10-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MMAF 2025-A A2 4.64% 10/13/27  | BARINGS EQUIPMENT FINANCE LLC 2025-A SER 2025-A CL A2 REGD 144A P/P 4.64000000                  | CUSIP: 06764MAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7648327 | PA      | $7691829.97    | 0.07%             | 2028-10-13      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| VOLKSWAGEN GROU 4.85% 08/15/27 | VOLKSWAGEN GROUP AMERICA REGD 144A P/P 4.85000000                                               | CUSIP: 928668CL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20600000 | PA      | $20799403.26   | 0.20%             | 2027-08-15      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| DRIVE 2025-2 A 4.14% 08/16/27  | DRIVE AUTO RECEIVABLES TRUST 2025-2 SER 2025-2 CL A3 REGD 4.14000000                            | CUSIP: 262103AD6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  20650000 | PA      | $20696404.68   | 0.20%             | 2032-09-15      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL 4.3% 11/05/32 | NOVARTIS CAPITAL CORP REGD 4.30000000                                                           | CUSIP: 66989HAZ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2192307.33    | 0.02%             | 2032-11-05      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| FCRT 2024-1 A2 5.49% 11/15/26  | FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 2024-1 SER 2024-1 CL A2 REGD 144A P/P 5.49000000 | CUSIP: 35105AAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3078438 | PA      | $3088154.91    | 0.03%             | 2029-01-16      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GRO V/R 02/24/28 | GOLDMAN SACHS GROUP INC REGD V/R 2.64000000                                                     | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1897425.32    | 0.02%             | 2028-02-24      | Variable      | 2.64%                 | No            |                  2 | On Loan: No      |
| ASCENSION HEAL 4.078% 11/15/28 | ASCENSION HEALTH REGD SER 2025 4.07800000                                                       | CUSIP: 04351LAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13340000 | PA      | $13401746.32   | 0.13%             | 2028-11-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| US T BILL ZCP 04/16/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797QD2<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 100000000 | PA      | $99271825.00   | 0.95%             | 2026-04-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| EART 2026-1A A 4.03% 01/18/28  | EXETER AUTOMOBILE RECEIVABLES TRUST 2026-1 SER 2026-1A CL A3 REGD 4.03000000                    | CUSIP: 30168HAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14500000 | PA      | $14519853.40   | 0.14%             | 2030-03-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CRE 4.5% 05/14/27 | TOYOTA MOTOR CREDIT CORP REGD 4.50000000                                                        | CUSIP: 89236TNG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  32165000 | PA      | $32476040.05   | 0.31%             | 2027-05-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| T/L NRG ENERGY INC 0% 04/16/31 | T/L NRG ENERGY INC. 0% 0.00000000                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7959494 | PA      | $7963473.43    | 0.08%             | 2031-04-16      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| US T BILL ZCP 04/07/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797TG2<br>LEI: N/A                  | Long             | STIV             | UST               | US        |  43000000 | PA      | $42724943.19   | 0.41%             | 2026-04-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#735997 5.5% 11/01/35    | FANNIE MAE POOL UMBS P#735997 5.50000000                                                        | CUSIP: 31402RUW7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    103368 | PA      | $107800.15     | 0.00%             | 2035-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BHG 2024-1CON  5.81% 04/17/30  | BHG SECURITIZATION TRUST 2024-1CON SER 2024-1CON CL A REGD 144A P/P 5.81000000                  | CUSIP: 08862HAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3290822 | PA      | $3361664.83    | 0.03%             | 2035-04-17      | Fixed         | 5.81%                 | Yes           |                  2 | On Loan: No      |
| CHEVRON USA IN 4.687% 04/15/30 | CHEVRON USA INC REGD 4.68700000                                                                 | CUSIP: 166756BD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2165000 | PA      | $2213395.54    | 0.02%             | 2030-04-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| BXMT 2020-FL2 A V/R 07/15/22   | BXMT 2020-FL2 LTD SER 2020-FL2 CL A V/R REGD 144A P/P 4.94186000                                | CUSIP: 12434LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1105514 | PA      | $1105152.74    | 0.01%             | 2038-02-15      | Variable      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| HONEYWELL INTERN 1.1% 03/01/27 | HONEYWELL INTERNATIONAL REGD 1.10000000                                                         | CUSIP: 438516CE4<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2139704.03    | 0.02%             | 2027-03-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| CAALT 2025-1A  5.02% 03/15/35  | CREDIT ACCEPTANCE AUTO LOAN TRUST 2025-1 SER 2025-1A CL A REGD 144A P/P 5.02000000              | CUSIP: 22536KAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  17180000 | PA      | $17381306.65   | 0.17%             | 2035-03-15      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| NMEF 2025-A A2 4.72% 07/15/32  | NMEF FUNDING 2025-A LLC SER 2025-A CL A2 REGD 144A P/P 4.72000000                               | CUSIP: 62919VAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7960160 | PA      | $7991476.13    | 0.08%             | 2032-07-15      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| NATWEST GROUP PLC V/R 11/15/28 | NATWEST GROUP PLC REGD V/R 5.10185100                                                           | CUSIP: 639057AR9<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |  33755000 | PA      | $34052498.00   | 0.33%             | 2028-11-15      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| MARS INC 5% 03/01/32           | MARS INC REGD 144A P/P 5.00000000                                                               | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2120000 | PA      | $2178575.54    | 0.02%             | 2032-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITA 4.875% 11/01/27 | HYUNDAI CAPITAL AMERICA REGD 144A P/P 4.87500000                                                | CUSIP: 44891ADK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20885000 | PA      | $21168921.34   | 0.20%             | 2027-11-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| T/L ASPLUNDH TREE 0% 09/07/27  | T/L ASPLUNDH TREE EXPERT LLC   REGD 0.00000000                                                  | CUSIP: 04538FAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  43708430 | PA      | $43735966.17   | 0.42%             | 2027-09-07      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSO 4.9% 06/01/31 | JOHNSON & JOHNSON REGD 4.90000000                                                               | CUSIP: 478160CV4<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2081512.86    | 0.02%             | 2031-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL ED 5.25% 03/15/30 | SOUTHERN CAL EDISON REGD 5.25000000                                                             | CUSIP: 842400JJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2156397.66    | 0.02%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF C 4.24% 08/03/27 | ROYAL BANK OF CANADA REGD MTN SER GMTN 4.24000000                                               | CUSIP: 78016FZS6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  24915000 | PA      | $25080618.48   | 0.24%             | 2027-08-03      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| PENNANTPARK INVE 4.5% 05/01/26 | PENNANTPARK INVESTMENT C REGD 4.50000000                                                        | CUSIP: 708062AC8<br>LEI: 529900OK432R4C6NQQ73 | Long             | DBT              | CORP              | US        |  10878000 | PA      | $10843626.83   | 0.10%             | 2026-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROW 3.875% 04/01/29 | MEDLINE BORROWER LP REGD 144A P/P 3.87500000                                                    | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  27865000 | PA      | $27244175.04   | 0.26%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| PROTECTIVE LIF 4.803% 06/05/30 | PROTECTIVE LIFE GLOBAL REGD 144A P/P 4.80300000                                                 | CUSIP: 74368CCC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  28265000 | PA      | $28661165.07   | 0.28%             | 2030-06-05      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 04/23/29 | WELLS FARGO & COMPANY REGD V/R 4.97000000                                                       | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  32115000 | PA      | $32725979.85   | 0.31%             | 2029-04-23      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| WESTPAC NEW ZE 4.902% 02/15/28 | WESTPAC NEW ZEALAND LTD REGD 144A P/P 4.90200000                                                | CUSIP: 96122FAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | NZ        |  30895000 | PA      | $31411490.56   | 0.30%             | 2028-02-15      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| STATE STREET C 4.536% 02/28/28 | STATE STREET CORP REGD 4.53600000                                                               | CUSIP: 857477CU5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |  47860000 | PA      | $48527972.45   | 0.47%             | 2028-02-28      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| T/L LUMEN TECHNO 0% 06/01/28   | T/L LUMEN TECHNOLOGIES INC     REGD 0.00000000                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  13796922 | PA      | $13821066.14   | 0.13%             | 2028-06-01      | Variable      | 9.72%                 | No            |                  2 | On Loan: No      |
| BHG 2025-2CON  4.84% 02/17/33  | BHG SECURITIZATION TRUST 2025-2CON SER 2025-2CON CL A REGD 144A P/P 4.84000000                  | CUSIP: 05494LAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  20790776 | PA      | $20970023.27   | 0.20%             | 2036-09-17      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| US T BILL ZCP 02/10/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797SQ1<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 119000000 | PA      | $118905735.39  | 1.14%             | 2026-02-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL  5.583% 01/09/29 | ATHENE GLOBAL FUNDING REGD 144A P/P 5.58300000                                                  | CUSIP: 04685A3Q2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  47995000 | PA      | $49420767.31   | 0.47%             | 2029-01-09      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| HAROT 2025-2 A2 4.3% 01/15/27  | HONDA AUTO RECEIVABLES 2025-2 OWNER TRUST SER 2025-2 CL A2A REGD 4.30000000                     | CUSIP: 437921AB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21574323 | PA      | $21618051.57   | 0.21%             | 2028-01-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| FLX 2025-1A A2 6.03% 10/25/30  | FLEXENTIAL ISSUER LLC SER 2025-1A CL A2 REGD 144A P/P 6.03000000                                | CUSIP: 33938MAK5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  23800000 | PA      | $23817076.50   | 0.23%             | 2060-10-25      | Fixed         | 6.03%                 | Yes           |                  2 | On Loan: No      |
| TOYOTA MOTOR CR 3.05% 03/22/27 | TOYOTA MOTOR CREDIT CORP REGD MTN 3.05000000                                                    | CUSIP: 89236TJZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2084411.57    | 0.02%             | 2027-03-22      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIO 4.875% 01/23/31 | AMERICAN NATIONAL GF REGD 144A P/P MTN 4.87500000                                               | CUSIP: 02771D2E3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  33170000 | PA      | $33036069.16   | 0.32%             | 2031-01-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| GFORT 2025-2A  4.64% 03/15/28  | GMF FLOORPLAN OWNER REVOLVING TRUST SER 2025-2A CL A REGD 144A P/P 4.64000000                   | CUSIP: 361886EB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  28000000 | PA      | $28353138.80   | 0.27%             | 2030-03-15      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| CFII 2023-2A A 6.16% 11/15/26  | CHESAPEAKE FUNDING II LLC SER 2023-2A CL A1 REGD 144A P/P 6.16000000                            | CUSIP: 165183CZ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3113946 | PA      | $3146633.54    | 0.03%             | 2035-10-15      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| T/L IRIDIUM COMMU 0% 09/20/30  | T/L IRIDIUM COMMUNICATIONS INC REGD 0.00000000                                                  | CUSIP: 46269KAT1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  30347290 | PA      | $28656642.62   | 0.28%             | 2030-09-20      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| WDMNT 2025-14A A V/R 01/20/34  | WOODMONT 2025-14 LP SER 2025-14A CL A1 V/R REGD 144A P/P 4.93628000                             | CUSIP: 97988GAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11930000 | PA      | $11916843.60   | 0.11%             | 2034-01-20      | Variable      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS  5.35% 04/15/28 | GENERAL MOTORS CO REGD 5.35000000                                                               | CUSIP: 37045VBC3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |  10370000 | PA      | $10631574.54   | 0.10%             | 2028-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NMEF 2023-A A2 6.57% 06/17/30  | NMEF FUNDING 2023-A LLC SER 2023-A CL A2 REGD 144A P/P 6.57000000                               | CUSIP: 62890QAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2288234 | PA      | $2299155.71    | 0.02%             | 2030-06-17      | Fixed         | 6.57%                 | Yes           |                  2 | On Loan: No      |
| ARIFL 2025-B A 4.59% 03/15/34  | ARI FLEET LEASE TRUST 2025-B SER 2025-B CL A2 REGD 144A P/P 4.59000000                          | CUSIP: 00193GAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11330000 | PA      | $11407027.01   | 0.11%             | 2034-03-15      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| LLOYDS BANKING GR V/R 03/18/28 | LLOYDS BANKING GROUP PLC REGD V/R 3.75000000                                                    | CUSIP: 53944YAS2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  17755000 | PA      | $17706477.18   | 0.17%             | 2028-03-18      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL 3.4% 07/15/26 | BLUE OWL CAPITAL CORP REGD 3.40000000                                                           | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |  37115000 | PA      | $36913320.80   | 0.35%             | 2026-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL 5.45% 06/24/26 | HYUNDAI CAPITAL AMERICA REGD 144A P/P 5.45000000                                                | CUSIP: 44891ADA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14835000 | PA      | $14919523.75   | 0.14%             | 2026-06-24      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY PV V/R 11/17/28 | MORGAN STANLEY PVT BANK REGD V/R 4.20400000                                                     | CUSIP: 61776NZU0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  47310000 | PA      | $47441478.75   | 0.46%             | 2028-11-17      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| F/C US 2YR NOTE (CBT) MAR26    | FUTURE CONTRACT ON           US 2YR NOTE (CBT) MAR26 0.00000000                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |      -637 | NC      | $-132809523.76 | -1.28%            |  |  |  | No            |                  1 | On Loan: No      |
| MET TOWER GLOBA 1.25% 09/14/26 | MET TOWER GLOBAL FUNDING REGD 144A P/P MTN 1.25000000                                           | CUSIP: 58989V2D5<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |  44790000 | PA      | $44099634.26   | 0.42%             | 2026-09-14      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| ONDK 2023-1A A 7% 08/17/26     | ONDECK ASSET SECURITIZATION TRUST IV LLC SER 2023-1A CL A REGD 144A P/P 7.00000000              | CUSIP: 67108SAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14337000 | PA      | $14463542.66   | 0.14%             | 2030-08-19      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| RPIT 2019-1 A V/R 10/25/24     | RMF PROPRIETARY ISSUANCE TRUST 2019-1 SER 2019-1 CL A V/R REGD 144A P/P 2.75000000              | CUSIP: 74968RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4921501 | PA      | $4728102.91    | 0.05%             | 2063-10-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| COREBRIDGE GLOB 4.65% 08/20/27 | COREBRIDGE GLOB FUNDING REGD 144A P/P 4.65000000                                                | CUSIP: 00138CBB3<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   2130000 | PA      | $2152510.01    | 0.02%             | 2027-08-20      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-LUNR A V/R 06/15/27    | BX TRUST 2025-LUNR SER 2025-LUNR CL A V/R REGD 144A P/P 5.18019000                              | CUSIP: 05594CAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  19498134 | PA      | $19528599.67   | 0.19%             | 2040-06-15      | Variable      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| T/L ALLEN MEDIA 0% 02/10/2027  | T/L ALLEN MEDIA LLC AKA ENTERT REGD 0.00000000                                                  | CUSIP: 01771JAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  20984756 | PA      | $12945076.22   | 0.12%             | 2027-02-10      | Variable      | 9.32%                 | No            |                  2 | On Loan: No      |
| US T BILL ZCP 02/26/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797RU3<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 152000000 | PA      | $151639529.01  | 1.46%             | 2026-02-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#310104 5.5% 08/01/37    | FANNIE MAE POOL UMBS P#310104 5.50000000                                                        | CUSIP: 31374CNV4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1154138 | PA      | $1184632.86    | 0.01%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL 5.65% 06/26/26 | HYUNDAI CAPITAL AMERICA REGD 144A P/P 5.65000000                                                | CUSIP: 44891ACG0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13795000 | PA      | $13887426.36   | 0.13%             | 2026-06-26      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| EFF 2023-3 A2 6.4% 02/22/27    | ENTERPRISE FLEET FINANCING 2023-3 LLC SER 2023-3 CL A2 REGD 144A P/P 6.40000000                 | CUSIP: 29374LAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4277102 | PA      | $4329659.59    | 0.04%             | 2030-03-20      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| ONDK 2025-1A A 5.08% 04/17/28  | ONDECK ASSET SECURITIZATION IV LLC SER 2025-1A CL A REGD 144A P/P 5.08000000                    | CUSIP: 68237DAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  32100000 | PA      | $32353500.12   | 0.31%             | 2032-04-19      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| OMFIT 2022-3A  5.94% 04/14/26  | ONEMAIN FINANCIAL ISSUANCE TRUST 2022-3 SER 2022-3A CL A REGD 144A P/P 5.94000000               | CUSIP: 68269PAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2988029 | PA      | $2997087.47    | 0.03%             | 2034-05-15      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| T/L HEALTHPEAK PRO 0% 08/20/27 | T/L HEALTHPEAK PROPERTIES      INC REGD 0.00000000                                              | CUSIP: 42250UAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2579851 | PA      | $2547603.30    | 0.02%             | 2027-08-20      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| DCAL 2015-1A A1 V/R 02/15/22   | AIM AVIATION FINANCE LTD SER 2015-1A CL A1 V/R REGD P/P 6.21300000                              | CUSIP: 001406AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5169210 | PA      | $5066653.14    | 0.05%             | 2040-02-15      | Variable      | 6.21%                 | Yes           |                  2 | On Loan: No      |
| SYSCO CORPORATI 5.75% 01/17/29 | SYSCO CORPORATION REGD 5.75000000                                                               | CUSIP: 871829BS5<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |  11460000 | PA      | $11983139.03   | 0.12%             | 2029-01-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| T/L STONEPEAK NIL ZCP 04/09/32 | T/L STONEPEAK NILE PARENT REGD ZCP TERM LOAN 0.00000000                                         | CUSIP: 86184XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  23995000 | PA      | $23965006.25   | 0.23%             | 2032-04-09      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| CARGILL INC 2.125% 11/10/31    | CARGILL INC REGD 144A P/P 2.12500000                                                            | CUSIP: 141781BS2<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2131952.66    | 0.02%             | 2031-11-10      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| CAALT 2024-2A  5.95% 06/15/27  | CREDIT ACCEPTANCE AUTO LOAN TRUST 2024-2 SER 2024-2A CL A REGD 144A P/P 5.95000000              | CUSIP: 22536VAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18320000 | PA      | $18622265.34   | 0.18%             | 2034-06-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| PEPSICO INC 4.5% 07/17/29      | PEPSICO INC REGD 4.50000000                                                                     | CUSIP: 713448FX1<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   2105000 | PA      | $2146813.28    | 0.02%             | 2029-07-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US T BILL ZCP 03/12/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797SB4<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 100000000 | PA      | $99606277.78   | 0.96%             | 2026-03-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| T/L HONEYWELL 0% 05/30/2027    | T/L HONEYWELL INTERNATIONAL    INC REGD 0.00000000                                              | CUSIP: 43852TCF0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  68750000 | PA      | $68750000.00   | 0.66%             | 2027-05-30      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| EVERGY MISSOURI 5.15% 12/15/27 | EVERGY MISSOURI WEST INC REGD 144A P/P 5.15000000                                               | CUSIP: 30037FAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2036109.84    | 0.02%             | 2027-12-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY V/R 04/12/29    | MORGAN STANLEY REGD V/R SER . 4.99400000                                                        | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  26420000 | PA      | $26903359.71   | 0.26%             | 2029-04-12      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| CAUTO 2024-2A A 4.9% 05/15/29  | CAPITAL AUTOMOTIVE REIT SER 2024-2A CL A1 REGD 144A P/P 4.90000000                              | CUSIP: 12510HAV2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10631367 | PA      | $10625186.66   | 0.10%             | 2054-05-15      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| ARBOR REALTY SR  8.5% 12/15/28 | ARBOR REALTY SR INC REGD 144A P/P 8.50000000                                                    | CUSIP: 03881NAL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14500000 | PA      | $14129570.10   | 0.14%             | 2028-12-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| APPLE INC 1.4% 08/05/28        | APPLE INC REGD 1.40000000                                                                       | CUSIP: 037833EH9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   2460000 | PA      | $2329027.29    | 0.02%             | 2028-08-05      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GL 5% 04/01/30 | MUTUAL OF OMAHA GLOBAL REGD 144A P/P 5.00000000                                                 | CUSIP: 62829D2F6<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |  18735000 | PA      | $19112730.39   | 0.18%             | 2030-04-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CITIZENS BANK NA/ V/R 08/09/28 | CITIZENS BANK NA/RI REGD V/R 4.57500000                                                         | CUSIP: 75524KPG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1940000 | PA      | $1954312.10    | 0.02%             | 2028-08-09      | Variable      | 4.58%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATION 5.55% 01/28/30 | AMERICAN NATIONAL GF REGD 144A P/P MTN 5.55000000                                               | CUSIP: 02771D2A1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22375000 | PA      | $23018915.81   | 0.22%             | 2030-01-28      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS I 4.6% 11/15/32 | META PLATFORMS INC REGD 4.60000000                                                              | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2205505.72    | 0.02%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| REPS 2025-A A 4.59% 11/20/29   | REPUBLIC FINANCE ISSUANCE TRUST 2025-A SER 2025-A CL A REGD 144A P/P 4.59000000                 | CUSIP: 76042FAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  36780000 | PA      | $36862438.69   | 0.35%             | 2034-11-20      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| NFMOT 2024-1A  5.12% 03/15/27  | NEXTGEAR FLOORPLAN MASTER OWNER TRUST SER 2024-1A CL A2 REGD 144A P/P 5.12000000                | CUSIP: 65341KBZ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  24520000 | PA      | $24874600.88   | 0.24%             | 2029-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| EQUITABLE FINANCIA 5% 03/27/30 | EQUITABLE FINANCIAL LIFE REGD 144A P/P 5.00000000                                               | CUSIP: 29449WAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15280000 | PA      | $15577601.99   | 0.15%             | 2030-03-27      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NFMOT 2025-2A  4.23% 10/15/28  | NEXTGEAR FLOORPLAN MASTER OWNER TRUST SER 2025-2A CL A2 REGD 144A P/P 4.23000000                | CUSIP: 65346CAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  33840000 | PA      | $33951719.38   | 0.33%             | 2030-10-15      | Fixed         | 4.23%                 | Yes           |                  2 | On Loan: No      |
| TLOT 2025-A A3 4.75% 07/20/27  | TOYOTA LEASE OWNER TRUST 2025-A SER 2025-A CL A3 REGD 144A P/P 4.75000000                       | CUSIP: 89239NAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14240000 | PA      | $14369326.26   | 0.14%             | 2028-02-22      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MUTUAL OF OMAH 4.514% 06/09/28 | MUTUAL OF OMAHA GLOBAL REGD 144A P/P 4.51400000                                                 | CUSIP: 62829D2G4<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |  54060000 | PA      | $54521131.26   | 0.52%             | 2028-06-09      | Fixed         | 4.51%                 | Yes           |                  2 | On Loan: No      |
| SKANDINAVISKA  4.375% 06/02/28 | SKANDINAVISKA ENSKILDA REGD 144A P/P 4.37500000                                                 | CUSIP: 830505BE2<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |  37275000 | PA      | $37692340.59   | 0.36%             | 2028-06-02      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| BANK OF NY MELLON V/R 10/25/29 | BANK OF NY MELLON CORP REGD V/R MTN 6.31700000                                                  | CUSIP: 06406RBT3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $2038981.81    | 0.02%             | 2029-10-25      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| COML MTG PASS V/R 07/12/28     | COML MTG PASS THRU CTF CL A    144A VARIABLE 6.89100000                                         | CUSIP: 228925AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11715000 | PA      | $12169597.06   | 0.12%             | 2028-07-12      | Variable      | 6.89%                 | Yes           |                  2 | On Loan: No      |
| ATLAS WAREHOUSE 4.95% 11/15/30 | ATLAS WAREHOUSE LEND REGD 144A P/P 4.95000000                                                   | CUSIP: 049463AG7<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2229395.82    | 0.02%             | 2030-11-15      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| ROCHE HOLDINGS 5.593% 11/13/33 | ROCHE HOLDINGS INC REGD 144A P/P 5.59300000                                                     | CUSIP: 771196CH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2134925.92    | 0.02%             | 2033-11-13      | Fixed         | 5.59%                 | Yes           |                  2 | On Loan: No      |
| T/L ELANCO ANIMAL ZCP 10/28/32 | T/L ELANCO ANIMAL HEALTH INC REGD ZCP TERM LOAN 0.00000000                                      | CUSIP: 28414BAJ5<br>LEI: 549300SHPNDCE059M934 | Long             | LON              | CORP              | US        |  21752326 | PA      | $21736011.27   | 0.21%             | 2032-10-28      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| WFLF 2023-1A A 5.8% 04/18/38   | WHEELS FLEET LEASE FUNDING 1 LLC SER 2023-1A CL A REGD 144A P/P 5.80000000                      | CUSIP: 96328GAS6<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-CBDO         | CORP              | US        |   5145098 | PA      | $5174771.78    | 0.05%             | 2038-04-18      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| BMW US CAPITAL  4.15% 08/11/27 | BMW US CAPITAL LLC REGD 144A P/P 4.15000000                                                     | CUSIP: 05565EDA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20480000 | PA      | $20553590.78   | 0.20%             | 2027-08-11      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| WFNMT 2023-A A 5.02% 05/15/26  | WORLD FINANCIAL NETWORK CREDIT CARD MASTER TRUST SER 2023-A CL A REGD 5.02000000                | CUSIP: 981464HL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11295000 | PA      | $11322730.35   | 0.11%             | 2030-03-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| T/L AXALTA COATIN ZCP 12/20/29 | T/L AXALTA COATING SYSTEMS US H REGD ZCP TERM LOAN 0.00000000                                   | CUSIP: 90347BAP3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  19884040 | PA      | $19871711.74   | 0.19%             | 2029-12-20      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| BHG 2023-A A 5.55% 06/17/26    | BHG SECURITIZATION TRUST 2023-A SER 2023-A CL A REGD 144A P/P 5.55000000                        | CUSIP: 08860FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    458070 | PA      | $458303.68     | 0.00%             | 2036-04-17      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| EART 2025-1A B 4.91% 05/15/27  | EXETER AUTOMOBILE RECEIVABLES TRUST 2025-1 SER 2025-1A CL B REGD 4.91000000                     | CUSIP: 30167MAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10230000 | PA      | $10309211.91   | 0.10%             | 2029-08-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC V/R 05/24/28     | CITIGROUP INC REGD V/R 4.65800000                                                               | CUSIP: 172967NS6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2117813.63    | 0.02%             | 2028-05-24      | Variable      | 4.66%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS  V/R 04/25/29 | AMERICAN EXPRESS CO REGD V/R 4.73100000                                                         | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  27030000 | PA      | $27437178.84   | 0.26%             | 2029-04-25      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| KEYBANK NATIONA 5.85% 11/15/27 | KEYBANK NATIONAL ASSN REGD SER BKNT 5.85000000                                                  | CUSIP: 49327M3F9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18760000 | PA      | $19331849.45   | 0.19%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LE 5.55% 05/01/28 | PENSKE TRUCK LEASING/PTL REGD 144A P/P 5.55000000                                               | CUSIP: 709599BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  31000000 | PA      | $31860778.55   | 0.31%             | 2028-05-01      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| LFT 2025-3A A 4.51% 03/20/30   | LENDMARK FUNDING TRUST 2025-3 SER 2025-3A CL A REGD 144A P/P 4.51000000                         | CUSIP: 525951AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  42930000 | PA      | $42873104.87   | 0.41%             | 2035-05-21      | Fixed         | 4.51%                 | Yes           |                  2 | On Loan: No      |
| AXIS 2025-1A A2 4.7% 01/20/29  | AMUR EQUIPMENT FINANCE RECEIVABLES XV LLC SER 2025-1A CL A2 REGD 144A P/P 4.70000000            | CUSIP: 03237FAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10624104 | PA      | $10732047.17   | 0.10%             | 2031-09-22      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| T/L RELAM AM 0% 07/10/28       | T/L RELAM AMSTERDAM HOLDINGS   B.V REGD 0.00000000                                              | CUSIP: N7362EAC5<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |  42187500 | PA      | $41976562.50   | 0.40%             | 2028-07-10      | Variable      | 5.02%                 | No            |                  3 | On Loan: No      |
| US T BILL ZCP 02/12/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797RT6<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 100000000 | PA      | $99901111.12   | 0.96%             | 2026-02-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA C V/R 09/15/27 | BANK OF AMERICA CORP REGD V/R 5.93300000                                                        | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30354729.00   | 0.29%             | 2027-09-15      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| PROV ST JOSEPH 2.532% 10/01/29 | PROV ST JOSEPH HLTH OBL REGD SER 19A 2.53200000                                                 | CUSIP: 743820AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12919000 | PA      | $12143319.60   | 0.12%             | 2029-10-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| EFF 2022-4 A2 5.76% 05/20/26   | ENTERPRISE FLEET FINANCING 2022-4 LLC SER 2022-4 CL A2 REGD 144A P/P 5.76000000                 | CUSIP: 29374GAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    856873 | PA      | $859210.01     | 0.01%             | 2029-10-22      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTAN 9.25% 12/15/28 | CREDIT ACCEPTANC REGD 144A P/P 9.25000000                                                       | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18620000 | PA      | $19511358.02   | 0.19%             | 2028-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MERCEDES-BENZ FI 4.8% 03/30/26 | MERCEDES-BENZ FIN NA REGD 144A P/P 4.80000000                                                   | CUSIP: 58769JAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25455000 | PA      | $25494681.29   | 0.24%             | 2026-03-30      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| T/L SBA SENIOR 0% 01/25/2031   | T/L SBA SENIOR FINANCE II LLC  REGD 0.00000000                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  39227653 | PA      | $39333960.29   | 0.38%             | 2031-01-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| PFSFC 2025-B A 4.85% 02/15/28  | PFS FINANCING CORP SER 2025-B CL A REGD 144A P/P 4.85000000                                     | CUSIP: 69335PFU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12690000 | PA      | $12898978.92   | 0.12%             | 2030-02-15      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| DRAWBRIDGE SPEC 5.95% 09/17/30 | DRAWBRIDGE SPEC OPPOR FU REGD 144A P/P 5.95000000                                               | CUSIP: 26150TAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  30835000 | PA      | $29423367.22   | 0.28%             | 2030-09-17      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| FRANKLIN BSP CA 3.25% 03/30/26 | FRANKLIN BSP CAPITAL CO REGD SER WI 3.25000000                                                  | CUSIP: 12325JAJ0<br>LEI: 549300KJEVMKATLINB36 | Long             | DBT              | CORP              | US        |  26475000 | PA      | $26403106.08   | 0.25%             | 2026-03-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EFF 2025-3 A2 4.5% 10/20/27    | ENTERPRISE FLEET FINANCING 2025-3 LLC SER 2025-3 CL A2 REGD 144A P/P 4.50000000                 | CUSIP: 29375UAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9600000 | PA      | $9651320.64    | 0.09%             | 2028-04-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| T/L SETANTA AIR 0% 11/05/28    | T/L SETANTA AIRCRAFT LEASING   DESIGNATED ACTVITY COMPANY     REGD 0.00000000                   | CUSIP: G8057JAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9284243 | PA      | $9315159.74    | 0.09%             | 2028-11-05      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| UNILEVER CAPITA 4.25% 08/12/27 | UNILEVER CAPITAL CORP REGD 4.25000000                                                           | CUSIP: 904764BU0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19550000 | PA      | $19704872.95   | 0.19%             | 2027-08-12      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OPTN 2025-D A 4.53% 02/08/33   | OPORTUN ISSUANCE TRUST 2025-D SER 2025-D CL A REGD 144A P/P 4.53000000                          | CUSIP: 68379HAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  31980000 | PA      | $32012315.79   | 0.31%             | 2033-02-08      | Fixed         | 4.53%                 | Yes           |                  2 | On Loan: No      |
| ECAF 2015-1A  3.473% 06/15/22  | ECAF I LTD SER 2015-1A CL A1 REGD 144A P/P 3.47300000                                           | CUSIP: 26827EAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1611086 | PA      | $1441922.10    | 0.01%             | 2040-06-15      | Fixed         | 3.47%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE PRIV 4.95% 09/26/27 | BLACKSTONE PRIVATE CRE REGD SER WI 4.95000000                                                   | CUSIP: 09261HBR7<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |  25975000 | PA      | $26107973.56   | 0.25%             | 2027-09-26      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SORT 2020-1 A1 1.69% 07/15/25  | CF HIPPOLYTA ISSUER LLC SER 2020-1 CL A1 REGD 144A P/P 1.69000000                               | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  22592274 | PA      | $18983793.00   | 0.18%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GR 1.15% 05/15/26 | UNITEDHEALTH GROUP INC REGD 1.15000000                                                          | CUSIP: 91324PEC2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2355000 | PA      | $2337370.31    | 0.02%             | 2026-05-15      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC 4.15% 09/15/30  | MERCK & CO INC REGD 4.15000000                                                                  | CUSIP: 58933YBQ7<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |  33465000 | PA      | $33613915.57   | 0.32%             | 2030-09-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| FCITL 2024-1A  5.44% 08/15/36  | FCI FUNDING 2024-1 LLC SER 2024-1A CL A REGD 144A P/P 5.44000000                                | CUSIP: 31425BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8718755 | PA      | $8729175.98    | 0.08%             | 2036-08-15      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITA 4.875% 06/23/27 | HYUNDAI CAPITAL AMERICA REGD 144A P/P 4.87500000                                                | CUSIP: 44891ADU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  44615000 | PA      | $45090580.28   | 0.43%             | 2027-06-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC SERVICE  5.35% 05/15/34 | PUBLIC SERVICE COLORADO REGD 5.35000000                                                         | CUSIP: 744448CZ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2156494.07    | 0.02%             | 2034-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 07/22/28 | JPMORGAN CHASE & CO REGD V/R 4.97900000                                                         | CUSIP: 46647PEL6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  12600000 | PA      | $12781194.80   | 0.12%             | 2028-07-22      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| OPTN 2021-C A 2.18% 10/08/31   | OPORTUN ISSUANCE TRUST 2021-C SER 2021-C CL A REGD 144A P/P 2.18000000                          | CUSIP: 68377WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  17384253 | PA      | $17107304.67   | 0.16%             | 2031-10-08      | Fixed         | 2.18%                 | Yes           |                  2 | On Loan: No      |
| MTN 2022-LPFL A V/R 03/15/27   | MTN COMMERCIAL MORTGAGE TRUST 2022-LPFL SER 2022-LPFL CL A V/R REGD 144A P/P 5.08690000         | CUSIP: 62475WAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16040000 | PA      | $16040000.00   | 0.15%             | 2039-03-15      | Variable      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| STELLANTIS FIN 1.711% 01/29/27 | STELLANTIS FIN US INC REGD 144A P/P 1.71100000                                                  | CUSIP: 85855CAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2245000 | PA      | $2191359.43    | 0.02%             | 2027-01-29      | Fixed         | 1.71%                 | Yes           |                  2 | On Loan: No      |
| CGMS 2019-2A AR2 V/R 10/15/37  | CARLYLE US CLO 2019-2 LTD SER 2019-2A CL AR2 V/R REGD 144A P/P 5.03219000                       | CUSIP: 14316EAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  32520000 | PA      | $32637693.13   | 0.31%             | 2037-10-15      | Variable      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| EART 2025-3A A 4.78% 05/17/27  | EXETER AUTOMOBILE RECEIVABLES TRUST SER 2025-3A CL A3 REGD 4.78000000                           | CUSIP: 30166XAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13560000 | PA      | $13662566.48   | 0.13%             | 2029-07-16      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| T/L HEALTHPEAK PRO 0% 02/22/27 | T/L HEALTHPEAK PROPERTIES      INC REGD 0.00000000                                              | CUSIP: 42250UAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2579851 | PA      | $2547603.30    | 0.02%             | 2027-02-22      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS  V/R 02/16/28 | AMERICAN EXPRESS CO REGD V/R 5.09800000                                                         | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2175000 | PA      | $2200224.32    | 0.02%             | 2028-02-16      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & E 5.55% 05/15/29 | PACIFIC GAS & ELECTRIC REGD 5.55000000                                                          | CUSIP: 694308KQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2130000 | PA      | $2200331.49    | 0.02%             | 2029-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE U 4.6% 04/07/27 | AMRIZE FINANCE US LLC REGD SER WI 4.60000000                                                    | CUSIP: 43475RAP1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  29770000 | PA      | $29980752.55   | 0.29%             | 2027-04-07      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION 4.632% 08/05/27 | BROOKLYN UNION GAS CO REGD 144A P/P 4.63200000                                                  | CUSIP: 114259AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1940000 | PA      | $1949496.16    | 0.02%             | 2027-08-05      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| HORMEL FOODS COR 4.8% 03/30/27 | HORMEL FOODS CORP REGD 4.80000000                                                               | CUSIP: 440452AK6<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |  12590000 | PA      | $12718014.74   | 0.12%             | 2027-03-30      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB 5.35% 06/24/26 | COREBRIDGE GLOB FUNDING REGD 144A P/P 5.35000000                                                | CUSIP: 00138CAY4<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |  30350000 | PA      | $30518362.98   | 0.29%             | 2026-06-24      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| US T BILL ZCP 03/05/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797RV1<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 150000000 | PA      | $149541867.38  | 1.44%             | 2026-03-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIF 4.335% 09/13/27 | PROTECTIVE LIFE GLOBAL REGD 144A P/P 4.33500000                                                 | CUSIP: 74368CBZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  36560000 | PA      | $36810520.45   | 0.35%             | 2027-09-13      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL  5.5% 03/30/26 | HYUNDAI CAPITAL AMERICA REGD 144A P/P 5.50000000                                                | CUSIP: 44891ACB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11055000 | PA      | $11084260.93   | 0.11%             | 2026-03-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FIRSTENERGY PEN 5.15% 03/30/26 | FIRSTENERGY PENN ELECTRI REGD 144A P/P 5.15000000                                               | CUSIP: 708696CA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1933860.81    | 0.02%             | 2026-03-30      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| TRUIST BANK V/R 05/20/27       | TRUIST BANK REGD V/R SER BKNT 4.67100000                                                        | CUSIP: 89788JAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  72735000 | PA      | $72855225.14   | 0.70%             | 2027-05-20      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS F 1.5% 06/10/26 | GENERAL MOTORS FINL CO REGD 1.50000000                                                          | CUSIP: 37045XDK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1982703.42    | 0.02%             | 2026-06-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPIT 4.2% 07/15/27 | JOHN DEERE CAPITAL CORP REGD MTN 4.20000000                                                     | CUSIP: 24422EXV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  27370000 | PA      | $27580136.73   | 0.26%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AESOP 2023-7A A 5.9% 08/20/27  | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC SER 2023-7A CL A REGD 144A P/P 5.90000000              | CUSIP: 05377RHL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9500000 | PA      | $9729424.05    | 0.09%             | 2028-08-21      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| FELLS POINT FU 3.046% 01/31/27 | FELLS POINT FUNDING TR REGD 144A P/P 3.04600000                                                 | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1912930.69    | 0.02%             | 2027-01-31      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| DK 2024-SPBX A V/R 03/15/26    | DK TRUST 2024-SPBX SER 2024-SPBX CL A V/R REGD 144A P/P 5.18019000                              | CUSIP: 23346LAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  20885000 | PA      | $20937212.50   | 0.20%             | 2034-03-15      | Variable      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN IMPER 5.001% 04/28/28 | CANADIAN IMPERIAL BANK REGD 5.00100000                                                          | CUSIP: 13607LNG4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  19725000 | PA      | $20155290.22   | 0.19%             | 2028-04-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATION V/R 05/17/28 | HUNTINGTON NATIONAL BANK REGD V/R 4.55200000                                                    | CUSIP: 44644MAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1915000 | PA      | $1926375.73    | 0.02%             | 2028-05-17      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUND 4.65% 09/08/28 | F&G GLOBAL FUNDING REGD 144A P/P 4.65000000                                                     | CUSIP: 30321L2K7<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |  17735000 | PA      | $17856080.21   | 0.17%             | 2028-09-08      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| ONDK 2024-1A A 6.27% 06/17/27  | ONDECK ASSET SECURITIZATION TRUST IV LLC SER 2024-1A CL A REGD 144A P/P 6.27000000              | CUSIP: 67118NAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  19615000 | PA      | $19843973.74   | 0.19%             | 2031-06-17      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| ROCHE HOLDINGS  4.79% 03/08/29 | ROCHE HOLDINGS INC REGD 144A P/P 4.79000000                                                     | CUSIP: 771196CJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22000000 | PA      | $22546691.42   | 0.22%             | 2029-03-08      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: No      |
| WFNMT 2024-B A 4.62% 07/15/27  | WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST 2024-B SER 2024-B CL A REGD 4.62000000    | CUSIP: 981464HU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  32195000 | PA      | $32534992.08   | 0.31%             | 2031-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKIN 5.457% 11/18/27 | WESTPAC BANKING CORP REGD 5.45700000                                                            | CUSIP: 961214FK4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |  26655000 | PA      | $27428126.41   | 0.26%             | 2027-11-18      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC GLOBA 4.25% 03/30/28 | MEDTRONIC GLOBAL HLDINGS REGD 4.25000000                                                        | CUSIP: 58507LBB4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |  24315000 | PA      | $24500185.23   | 0.24%             | 2028-03-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VDCR 2023-1A A2A 5% 09/15/28   | RETAINED VANTAGE DATA CENTERS ISSUER LLC SER 2023-1A CL A2A REGD 144A P/P 5.00000000            | CUSIP: 76134KAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  23320000 | PA      | $23300096.38   | 0.22%             | 2048-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| FORDF 2025-1 A 4.63% 04/15/28  | FORD CREDIT FLOORPLAN MASTER OWNER TRUST A SER 2025-1 CL A1 REGD 4.63000000                     | CUSIP: 34529BAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  20530000 | PA      | $20839986.58   | 0.20%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC 5.75% 12/13/27    | ILLUMINA INC REGD 5.75000000                                                                    | CUSIP: 452327AP4<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1966221.82    | 0.02%             | 2027-12-13      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OMFIT 2025-1A  4.82% 10/14/29  | ONEMAIN FINANCIAL ISSUANCE TRUST 2025-1 SER 2025-1A CL A REGD 144A P/P 4.82000000               | CUSIP: 68270DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  25010000 | PA      | $25343150.71   | 0.24%             | 2038-07-14      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| RMIT 2025-1 A 4.99% 04/17/34   | REGIONAL MANAGEMENT ISSUANCE TRUST 2025-1 SER 2025-1 CL A REGD 144A P/P 4.99000000              | CUSIP: 75908AAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  30830000 | PA      | $31039465.19   | 0.30%             | 2034-04-17      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER HOLDING V/R 03/20/29 | SANTANDER HOLDINGS USA REGD V/R 5.47300000                                                      | CUSIP: 80282KBN5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  28865000 | PA      | $29520260.04   | 0.28%             | 2029-03-20      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| CAALT 2023-1A  7.71% 11/16/26  | CREDIT ACCEPTANCE AUTO LOAN TRUST 2023-1 SER 2023-1A CL C REGD 144A P/P 7.71000000              | CUSIP: 224927AE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6470000 | PA      | $6590766.43    | 0.06%             | 2033-07-15      | Fixed         | 7.71%                 | Yes           |                  2 | On Loan: No      |
| GA GLOBAL FUNDIN 5.5% 01/08/29 | GA GLOBAL FUNDING TRUST REGD 144A P/P 5.50000000                                                | CUSIP: 36143L2L8<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |  17225000 | PA      | $17720291.96   | 0.17%             | 2029-01-08      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| PENNANTPARK INVEST 4% 11/01/26 | PENNANTPARK INVESTMENT C REGD 4.00000000                                                        | CUSIP: 708062AD6<br>LEI: 529900OK432R4C6NQQ73 | Long             | DBT              | CORP              | US        |  17345000 | PA      | $17079342.07   | 0.16%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| T/L UGI ENERGY 0% 02/22/30     | T/L UGI ENERGY SERVICES LLC    REGD 0.00000000                                                  | CUSIP: 90276DAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  16834859 | PA      | $16819034.50   | 0.16%             | 2030-02-22      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| MFIT 2025-BA A 4.59% 11/20/29  | MARINER FINANCE ISSUANCE TRUST 2025-B SER 2025-BA CL A REGD 144A P/P 4.59000000                 | CUSIP: 56847TAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16140000 | PA      | $16174907.59   | 0.16%             | 2038-11-22      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| ARBOR REALTY TRU 4.5% 09/01/26 | ARBOR REALTY TRUST INC REGD 144A P/P SER QIB 4.50000000                                         | CUSIP: 038923AX6<br>LEI: 549300ASFUWYQO0RW077 | Long             | DBT              | CORP              | US        |  19450000 | PA      | $19264972.34   | 0.19%             | 2026-09-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA P887626 V/R 07/01/36      | FNMA P887626 V/R 07/01/36 6.71400000                                                            | CUSIP: 31410FD77<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     14109 | PA      | $14713.58      | 0.00%             | 2036-07-01      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC 5.15% 06/25/26  | HOME DEPOT INC REGD 5.15000000                                                                  | CUSIP: 437076CZ3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |  22320000 | PA      | $22445254.93   | 0.22%             | 2026-06-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SHRN 2025-MF18 A V/R 10/15/27  | SHRN TRUST 2025-MF18 SER 2025-MF18 CL A V/R REGD 144A P/P 4.88019000                            | CUSIP: 82556AAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  29100000 | PA      | $29136375.00   | 0.28%             | 2040-10-15      | Variable      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK LIFE G 4.55% 01/28/33 | NEW YORK LIFE GLOBAL FDG REGD 144A P/P MTN 4.55000000                                           | CUSIP: 64952WEZ2<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   2185000 | PA      | $2171964.18    | 0.02%             | 2033-01-28      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL SECS C 4.35% 05/20/27 | NATIONAL SECS CLEARING REGD 144A P/P 4.35000000                                                 | CUSIP: 637639AN5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2231335.09    | 0.02%             | 2027-05-20      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| PNC BANK NA V/R 05/13/27       | PNC BANK NA REGD V/R 4.54300000                                                                 | CUSIP: 69353RFY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  45895000 | PA      | $45956031.17   | 0.44%             | 2027-05-13      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| SYMP 2012-9A AR3 V/R 07/16/32  | CALIFORNIA STREET CLO IX LP SER 2012-9A CL AR3 V/R REGD 144A P/P 5.03274000                     | CUSIP: 13079WDC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  21376626 | PA      | $21430219.00   | 0.21%             | 2032-07-16      | Variable      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| PACIFICORP 5.45% 02/15/34      | PACIFICORP REGD 5.45000000                                                                      | CUSIP: 695114DD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1940000 | PA      | $1969050.10    | 0.02%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC 3.85% 03/15/29  | MERCK & CO INC REGD 3.85000000                                                                  | CUSIP: 58933YBW4<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |  27840000 | PA      | $27832399.96   | 0.27%             | 2029-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUN 5.448% 05/24/29 | RGA GLOBAL FUNDING REGD 144A P/P 5.44800000                                                     | CUSIP: 76209PAE3<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |  17755000 | PA      | $18391959.03   | 0.18%             | 2029-05-24      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| MAIN STREET CAPITA 3% 07/14/26 | MAIN STREET CAPITAL CORP REGD 3.00000000                                                        | CUSIP: 56035LAE4<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |  74189000 | PA      | $73652561.60   | 0.71%             | 2026-07-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF  2.55% 02/01/30 | SOUTHERN CALIF GAS CO REGD SER XX 2.55000000                                                    | CUSIP: 842434CU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1814341.03    | 0.02%             | 2030-02-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL 5.25% 01/08/27 | HYUNDAI CAPITAL AMERICA REGD 144A P/P 5.25000000                                                | CUSIP: 44891ACT2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11580000 | PA      | $11720173.01   | 0.11%             | 2027-01-08      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2025-1A A 4.71% 04/15/28  | GLS AUTO SELECT RECEIVABLES TRUST 2025-1 SER 2025-1A CL A2 REGD 144A P/P 4.71000000             | CUSIP: 36271FAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7500144 | PA      | $7553991.66    | 0.07%             | 2030-04-15      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| RGA GLOBAL FUNDI 2.7% 01/18/29 | RGA GLOBAL FUNDING REGD 144A P/P 2.70000000                                                     | CUSIP: 76209PAB9<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2178729.51    | 0.02%             | 2029-01-18      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| SIRIUSPOINT LTD 7% 04/05/29    | SIRIUSPOINT LTD REGD 7.00000000                                                                 | CUSIP: 82969BAA0<br>LEI: 549300OGXFI85N3YZZ51 | Long             | DBT              | CORP              | BM        |  27515000 | PA      | $29148724.31   | 0.28%             | 2029-04-05      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC 4.55% 04/01/27    | SYNOPSYS INC REGD 4.55000000                                                                    | CUSIP: 871607AA5<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |  22362000 | PA      | $22520677.40   | 0.22%             | 2027-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ADVENT HEALTH  2.952% 03/01/29 | ADVENT HEALTH SYSTEM REGD 2.95200000                                                            | CUSIP: 007944AF8<br>LEI: 5493008YM33UCY5QPW83 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1833726.97    | 0.02%             | 2029-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP 4.65% 05/06/30     | ORACLE CORP REGD 4.65000000                                                                     | CUSIP: 68389XCN3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2177440.45    | 0.02%             | 2030-05-06      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AHPT 2025-ATRM A V/R 08/15/27  | ATRIUM HOTEL PORTFOLIO TRUST 2025-ATRM SER 2025-ATRM CL A V/R REGD 144A P/P 5.33019000          | CUSIP: 049917AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  31250000 | PA      | $31339693.75   | 0.30%             | 2042-08-15      | Variable      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| ELI LILLY & CO 4.55% 02/12/28  | ELI LILLY & CO REGD 4.55000000                                                                  | CUSIP: 532457CU0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |  48105000 | PA      | $48893622.31   | 0.47%             | 2028-02-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINAN 2.75% 05/14/31 | BUNGE LTD FINANCE CORP REGD 2.75000000                                                          | CUSIP: 120568BC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2228083.06    | 0.02%             | 2031-05-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| OPTN 2025-B A 4.88% 05/09/33   | OPORTUN ISSUANCE TRUST 2025-B SER 2025-B CL A REGD 144A P/P 4.88000000                          | CUSIP: 68378QAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  33240000 | PA      | $33363865.54   | 0.32%             | 2033-05-09      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| BOLT 2025-1CON A 5% 08/18/36   | BHG OWNER LOAN TRUST SERIES 2025-1CON SER 2025-1CON CL A REGD 144A P/P 5.00000000               | CUSIP: 08860KAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  27521936 | PA      | $27832711.03   | 0.27%             | 2036-08-18      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EART 2025-5A A 4.38% 06/15/28  | EXETER AUTOMOBILE RECEIVABLES TRUST 2025-5 SER 2025-5A CL A2 REGD 4.38000000                    | CUSIP: 30166VAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  22000000 | PA      | $22033847.00   | 0.21%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL  5.684% 02/23/26 | ATHENE GLOBAL FUNDING REGD 144A P/P 5.68400000                                                  | CUSIP: 04685A3S8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  35075000 | PA      | $35109702.85   | 0.34%             | 2026-02-23      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| F&G GLOBAL FUNDI 2.3% 04/11/27 | F&G GLOBAL FUNDING REGD 144A P/P 2.30000000                                                     | CUSIP: 30321L2D3<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |  25964000 | PA      | $25376205.42   | 0.24%             | 2027-04-11      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| OMFIT 2022-S1  4.13% 08/14/26  | ONEMAIN FINANCIAL ISSUANCE TRUST 2022-S1 SER 2022-S1 CL A REGD 144A P/P 4.13000000              | CUSIP: 68267HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5381676 | PA      | $5380932.38    | 0.05%             | 2035-05-14      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| GMCAR 2025-2 A2 4.4% 12/16/26  | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2025-2 SER 2025-2 CL A2A REGD 4.40000000     | CUSIP: 362549AB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6332538 | PA      | $6344931.60    | 0.06%             | 2028-02-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| T/L DELOS AIRCRAFT 0% 10/31/27 | T/L DELOS AIRCRAFT DESIGNATED  ACTIVITY COMPANY REGD 0.00000000                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | IE        |   9863250 | PA      | $9902308.29    | 0.10%             | 2027-10-31      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| BX 2025-ROIC A V/R 03/15/27    | BX TRUST 2025-ROIC SER 2025-ROIC CL A V/R REGD 144A P/P 4.82402000                              | CUSIP: 05593VAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  27868607 | PA      | $27893602.64   | 0.27%             | 2030-03-15      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER HOLDING V/R 03/09/29 | SANTANDER HOLDINGS USA REGD V/R 6.49900000                                                      | CUSIP: 80282KBF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12379000 | PA      | $12911481.94   | 0.12%             | 2029-03-09      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS 5.265% 11/13/26 | ROCHE HOLDINGS INC REGD 144A P/P 5.26500000                                                     | CUSIP: 771196CE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  32090000 | PA      | $32421185.17   | 0.31%             | 2026-11-13      | Fixed         | 5.26%                 | Yes           |                  2 | On Loan: No      |
| GUARDIAN LIFE  4.402% 12/11/30 | GUARDIAN LIFE GLOB FUND REGD 144A P/P 4.40200000                                                | CUSIP: 40139LBP7<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |  23835000 | PA      | $23883519.24   | 0.23%             | 2030-12-11      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| SCFET 2025-2A  4.26% 04/20/28  | SCF EQUIPMENT LEASING 2025-2 LLC SER 2025-2A CL A2 REGD 144A P/P 4.26000000                     | CUSIP: 78439XAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13300000 | PA      | $13343142.54   | 0.13%             | 2031-12-22      | Fixed         | 4.26%                 | Yes           |                  2 | On Loan: No      |
| REPS 2024-B A 5.42% 11/20/28   | REPUBLIC FINANCE ISSUANCE TRUST 2024-B SER 2024-B CL A REGD 144A P/P 5.42000000                 | CUSIP: 76042GAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21950000 | PA      | $22344893.67   | 0.21%             | 2037-11-20      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| PPWR 2024-A A 5.89% 08/15/28   | PURCHASING POWER FUNDING 2024-A LLC SER 2024-A CL A REGD 144A P/P 5.89000000                    | CUSIP: 745935AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  31020000 | PA      | $31084440.95   | 0.30%             | 2028-08-15      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| CREDIT OPPTS PR 4.25% 04/01/26 | CREDIT OPPTS PRTNRS REGD P/P 4.25000000                                                         | CUSIP: 86275#AA1<br>LEI: 5493003CSKFS2RY0JR63 | Long             | DBT              | CORP              | US        |  25095000 | PA      | $25045311.90   | 0.24%             | 2026-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN COASTA 6.25% 12/15/27 | AMERICAN COASTAL INSURAN REGD 6.25000000                                                        | CUSIP: 910710AA0<br>LEI: 5299002P9105LJQA8G51 | Long             | DBT              | CORP              | US        |  26415000 | PA      | $26400445.34   | 0.25%             | 2027-12-15      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FI 4.8% 11/13/26 | MERCEDES-BENZ FIN NA REGD 144A P/P 4.80000000                                                   | CUSIP: 58769JBB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  31410000 | PA      | $31635623.06   | 0.30%             | 2026-11-13      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| FLORIDA POWER &  5.1% 04/01/33 | FLORIDA POWER & LIGHT CO REGD 5.10000000                                                        | CUSIP: 341081GL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2167499.92    | 0.02%             | 2033-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL  4.65% 08/13/26 | BMW US CAPITAL LLC REGD 144A P/P 4.65000000                                                     | CUSIP: 05565ECP8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21515000 | PA      | $21598206.25   | 0.21%             | 2026-08-13      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| MDPK 2023-63A A1 V/R 07/21/38  | MADISON PARK FUNDING LXIII LTD SER 2023-63A CL A1R V/R REGD 144A P/P 5.06969000                 | CUSIP: 55817GAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  38520000 | PA      | $38731848.44   | 0.37%             | 2038-07-21      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES  5.2% 07/01/27 | TARGA RESOURCES CORP REGD 5.20000000                                                            | CUSIP: 87612KAA0<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2030006.34    | 0.02%             | 2027-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB  5% 01/16/27 | PRINCIPAL LFE GLB FND II REGD 144A P/P 5.00000000                                               | CUSIP: 74256LEX3<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |  12560000 | PA      | $12691695.62   | 0.12%             | 2027-01-16      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY PR 1.295% 07/01/28 | DUKE ENERGY PROGRESS NC REGD SER A-1 1.29500000                                                 | CUSIP: 26444BAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21932382 | PA      | $21114834.18   | 0.20%             | 2028-07-01      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| BHG 2023-B A 6.92% 01/17/30    | BHG SECURITIZATION TRUST 2023-B SER 2023-B CL A REGD 144A P/P 6.92000000                        | CUSIP: 08862GAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2755803 | PA      | $2885761.50    | 0.03%             | 2036-12-17      | Fixed         | 6.92%                 | Yes           |                  2 | On Loan: No      |
| MASSMUTUAL GLOBA 5.1% 04/09/27 | MASSMUTUAL GLOBAL FUNDIN REGD 144A P/P MTN 5.10000000                                           | CUSIP: 57629W4S6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1924000 | PA      | $1951617.73    | 0.02%             | 2027-04-09      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| BRIGHTHSE FIN G 5.55% 04/09/27 | BRIGHTHSE FIN GLBL FUND REGD 144A P/P MTN 5.55000000                                            | CUSIP: 10921U2J6<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1949211.42    | 0.02%             | 2027-04-09      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL 4.85% 03/25/27 | HYUNDAI CAPITAL AMERICA REGD 144A P/P 4.85000000                                                | CUSIP: 44891ADP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18920000 | PA      | $19088908.30   | 0.18%             | 2027-03-25      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| F&G GLOBAL FUNDI 4.5% 01/09/29 | F&G GLOBAL FUNDING REGD 144A P/P 4.50000000                                                     | CUSIP: 30321L2M3<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |  31655000 | PA      | $31663758.62   | 0.30%             | 2029-01-09      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRASTRUCT 2.5% 06/15/26 | XPLR INFRASTRUCTURE LP REGD 144A P/P CONVERTIBLE 2.50000000                                     | CUSIP: 65341BAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22605000 | PA      | $22182286.50   | 0.21%             | 2026-06-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#735676 5% 07/01/35      | FANNIE MAE POOL UMBS P#735676 5.00000000                                                        | CUSIP: 31402RJV2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1657999 | PA      | $1680436.87    | 0.02%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NESTLE CAPITAL  4.65% 03/12/29 | NESTLE CAPITAL CORP REGD 144A P/P 4.65000000                                                    | CUSIP: 64105MAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21220000 | PA      | $21692247.07   | 0.21%             | 2029-03-12      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| BANK OF NEW YORK  V/R 04/20/27 | BANK OF NEW YORK MELLON REGD V/R 4.58700000                                                     | CUSIP: 06405LAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  30255000 | PA      | $30297482.86   | 0.29%             | 2027-04-20      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| NEUB 2021-40A AR V/R 10/16/37  | NEUBERGER BERMAN LOAN ADVISERS CLO 4 SER 2021-40A CL AR V/R REGD 144A P/P 4.90113000            | CUSIP: 64134JAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13580000 | PA      | $13605294.11   | 0.13%             | 2037-10-16      | Variable      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| HAT HOLDINGS I 3.375% 06/15/26 | HAT HOLDINGS I LLC/HAT REGD 144A P/P 3.37500000                                                 | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  48540000 | PA      | $48320301.16   | 0.46%             | 2026-06-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC V/R 05/07/28     | CITIGROUP INC REGD V/R 4.64300000                                                               | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  45795000 | PA      | $46146269.63   | 0.44%             | 2028-05-07      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| WLAKE 2023-4A  6.64% 07/15/26  | WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023-4 SER 2023-4A CL C REGD 144A P/P 6.64000000          | CUSIP: 96041AAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7040000 | PA      | $7168544.77    | 0.07%             | 2028-11-15      | Fixed         | 6.64%                 | Yes           |                  2 | On Loan: No      |
| MARS INC 4.45% 03/01/27        | MARS INC REGD 144A P/P 4.45000000                                                               | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  46820000 | PA      | $47163688.30   | 0.45%             | 2027-03-01      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP 5% 02/20/26    | CVS HEALTH CORP REGD 5.00000000                                                                 | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  55622000 | PA      | $55634430.96   | 0.53%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DBC 2025-DBC A V/R 11/15/27    | DBC 2025-DBC MORTGAGE TRUST SER 2025-DBC CL A V/R REGD 144A P/P 5.03100000                      | CUSIP: 23306HAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  25310000 | PA      | $25357456.25   | 0.24%             | 2042-11-15      | Variable      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| EF HOLD/EF KY/ 5.875% 04/01/27 | EF HOLD/EF KY/ELL KY/TRS REGD 144A P/P SER QIB 5.87500000                                       | CUSIP: 26845AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |  25360000 | PA      | $24484261.13   | 0.24%             | 2027-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2025-3A A 4.46% 10/15/30  | GLS AUTO SELECT RECEIVABLES TRUST 2025-3 SER 2025-3A CL A2 REGD 144A P/P 4.46000000             | CUSIP: 36272GAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14035648 | PA      | $14127577.54   | 0.14%             | 2030-10-15      | Fixed         | 4.46%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC V/R 08/14/27 | HSBC HOLDINGS PLC REGD V/R 5.88700000                                                           | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  25640000 | PA      | $25890409.21   | 0.25%             | 2027-08-14      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| ONDK 2024-2A A 4.98% 10/18/27  | ONDECK ASSET SECURITIZATION TRUST IV LLC SER 2024-2A CL A REGD 144A P/P 4.98000000              | CUSIP: 67108SAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13920000 | PA      | $13967634.24   | 0.13%             | 2031-10-17      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| EART 2025-1A A 4.67% 08/15/26  | EXETER AUTOMOBILE RECEIVABLES TRUST 2025-1 SER 2025-1A CL A3 REGD 4.67000000                    | CUSIP: 30167MAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13000000 | PA      | $13017083.30   | 0.13%             | 2028-08-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| NAROT 2023-B A 5.93% 11/16/26  | NISSAN AUTO RECEIVABLES 2023-B OWNER TRUST SER 2023-B CL A3 REGD 5.93000000                     | CUSIP: 65480MAD5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3246708 | PA      | $3270600.47    | 0.03%             | 2028-03-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| KENVUE INC 5% 03/22/30         | KENVUE INC REGD 5.00000000                                                                      | CUSIP: 49177JAH5<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2160839.50    | 0.02%             | 2030-03-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES  4.8% 03/17/28 | AMCOR FLEXIBLES NORTH AM REGD SER WI 4.80000000                                                 | CUSIP: 02344AAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  37691000 | PA      | $38235728.80   | 0.37%             | 2028-03-17      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PSTAT 2025-3A A1 V/R 01/15/34  | PALMER SQUARE LOAN FUNDING 2025-3 LTD SER 2025-3A CL A1 V/R REGD 144A P/P 4.66000000            | CUSIP: 696918AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  14230000 | PA      | $14216953.94   | 0.14%             | 2034-01-15      | Variable      | 4.66%                 | Yes           |                  2 | On Loan: No      |
| NATWEST MARKET 4.789% 03/21/28 | NATWEST MARKETS PLC REGD 144A P/P 4.78900000                                                    | CUSIP: 63906YAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |  19015000 | PA      | $19326032.54   | 0.19%             | 2028-03-21      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: No      |
| T/L LUMEN TECHNOL ZCP 04/15/30 | T/L LUMEN TECHNOLOGIES INC REGD ZCP TERM LOAN 0.00000000                                        | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |   9243258 | PA      | $9213217.91    | 0.09%             | 2030-04-15      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| T/L MPH ACQUIS 0% 12/31/30     | T/L MPH ACQUISITION HOLDINGS   LLC REGD 0.00000000                                              | CUSIP: 55328HAQ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  31520092 | PA      | $28939542.44   | 0.28%             | 2030-12-31      | Variable      | 8.53%                 | No            |                  2 | On Loan: No      |
| T/L ALLSPRING BUY ZCP 11/01/30 | T/L ALLSPRING BUYER LLC REGD ZCP TERM LOAN 0.00000000                                           | CUSIP: 98922AAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  20262025 | PA      | $20259593.27   | 0.19%             | 2030-11-01      | Variable      | 6.69%                 | No            |                  2 | On Loan: No      |
| GCPAF 2021-2A 2.943% 10/19/29  | GOLUB CAPITAL PARTNERS ABS FUNDING 2021-2 LTD SER 2021-2A CL A REGD 144A P/P 2.94360000         | CUSIP: 38178XAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  36756463 | PA      | $36208743.85   | 0.35%             | 2029-10-19      | Fixed         | 2.94%                 | Yes           |                  2 | On Loan: No      |
| PENNANTPARK FLO 4.25% 04/01/26 | PENNANTPARK FLOATING RAT REGD 4.25000000                                                        | CUSIP: 70806AAA4<br>LEI: 529900BH3IP6381K4L72 | Long             | DBT              | CORP              | US        |   4270000 | PA      | $4256220.50    | 0.04%             | 2026-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LI 5.55% 07/02/27 | JACKSON NATL LIFE GLOBAL REGD 144A P/P 5.55000000                                               | CUSIP: 46849LVA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2059000 | PA      | $2099350.86    | 0.02%             | 2027-07-02      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| US T BILL ZCP 03/03/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797ST5<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 100845000 | PA      | $100552468.95  | 0.97%             | 2026-03-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NAVMT 2024-1 A 5.59% 04/25/26  | NAVISTAR FINANCIAL DEALER NOTE MASTER OWNER TRUST SER 2024-1 CL A REGD 144A P/P 5.59000000      | CUSIP: 63938PBW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10242000 | PA      | $10278780.05   | 0.10%             | 2029-04-25      | Fixed         | 5.59%                 | Yes           |                  2 | On Loan: No      |
| ROCHE HOLDINGS 4.075% 12/02/30 | ROCHE HOLDINGS INC REGD 144A P/P 4.07500000                                                     | CUSIP: 771196CS9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7490000 | PA      | $7474002.78    | 0.07%             | 2030-12-02      | Fixed         | 4.08%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#889633 5.5% 08/01/37    | FANNIE MAE POOL UMBS P#889633 5.50000000                                                        | CUSIP: 31410KLN2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     98880 | PA      | $103120.95     | 0.00%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MFIT 2025-AA A 4.98% 05/20/29  | MARINER FINANCE ISSUANCE TRUST 2025-A SER 2025-AA CL A REGD 144A P/P 4.98000000                 | CUSIP: 567920AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14700000 | PA      | $14901485.55   | 0.14%             | 2038-05-20      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| CNO GLOBAL FUN 5.875% 06/04/27 | CNO GLOBAL FUNDING REGD 144A P/P MTN 5.87500000                                                 | CUSIP: 18977W2D1<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1950697.82    | 0.02%             | 2027-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CONCENTRIX CORP 6.6% 08/02/28  | CONCENTRIX CORP REGD 6.60000000                                                                 | CUSIP: 20602DAB7<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2078712.66    | 0.02%             | 2028-08-02      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| AXIS 2024-2A A 5.19% 04/20/28  | AMUR EQUIPMENT FINANCE RECEIVABLES XIV LLC SER 2024-2A CL A2 REGD 144A P/P 5.19000000           | CUSIP: 03238BAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13188804 | PA      | $13361524.39   | 0.13%             | 2031-07-21      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| T/L HEALTHPEAK OP ZCP 03/01/29 | T/L HEALTHPEAK OP LLC REGD ZCP TERM LOAN 0.00000000                                             | CUSIP: 42250UAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5448842 | PA      | $5353487.22    | 0.05%             | 2029-03-01      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| AMCAR 2025-1 A 4.12% 05/18/28  | AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2025-1 SER 2025-1 CL A3 REGD 144A P/P 4.12000000       | CUSIP: 03067FAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  19550000 | PA      | $19628815.83   | 0.19%             | 2030-05-20      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| ACCENTURE CAPIT 4.05% 10/04/29 | ACCENTURE CAPITAL INC REGD 4.05000000                                                           | CUSIP: 00440KAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2006724.38    | 0.02%             | 2029-10-04      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ F 4.65% 04/01/27 | MERCEDES-BENZ FIN NA REGD 144A P/P 4.65000000                                                   | CUSIP: 58769JBC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  57680000 | PA      | $58179657.04   | 0.56%             | 2027-04-01      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| BJETS 2022-1A 4.455% 06/15/28  | BUSINESS JET SECURITIES 2022-1 LLC SER 2022-1A CL A REGD 144A P/P 4.45500000                    | CUSIP: 12327AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4771735 | PA      | $4750696.22    | 0.05%             | 2037-06-15      | Fixed         | 4.46%                 | Yes           |                  2 | On Loan: No      |
| CCG 2025-1 A2 4.48% 10/14/32   | CCG RECEIVABLES TRUST 2025-1 SER 2025-1 CL A2 REGD 144A P/P 4.48000000                          | CUSIP: 12515XAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18116128 | PA      | $18208198.15   | 0.17%             | 2032-10-14      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| HERTZ 2025-1A  4.91% 09/25/28  | HERTZ VEHICLE FINANCING III LLC SER 2025-1A CL A REGD 144A P/P 4.91000000                       | CUSIP: 42806MCT4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  20210000 | PA      | $20504138.36   | 0.20%             | 2029-09-25      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| BMW US CAPITAL  4.65% 03/19/27 | BMW US CAPITAL LLC REGD 144A P/P 4.65000000                                                     | CUSIP: 05565ECU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  27240000 | PA      | $27453921.17   | 0.26%             | 2027-03-19      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SER V/R 10/20/27 | PNC FINANCIAL SERVICES REGD V/R 6.61500000                                                      | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  25345000 | PA      | $25813221.25   | 0.25%             | 2027-10-20      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO 4.15% 08/14/27  | ELI LILLY & CO REGD 4.15000000                                                                  | CUSIP: 532457CP1<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |  46200000 | PA      | $46520347.57   | 0.45%             | 2027-08-14      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| AXIS 2024-1A A 5.38% 01/21/31  | AMUR EQUIPMENT FINANCE RECEIVABLES XIII LLC SER 2024-1A CL A2 REGD 144A P/P 5.38000000          | CUSIP: 03237CAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9672239 | PA      | $9776058.63    | 0.09%             | 2031-01-21      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| DEFT 2025-1 A2 4.68% 01/22/27  | DELL EQUIPMENT FINANCE TRUST 2025-1 SER 2025-1 CL A2 REGD 144A P/P 4.68000000                   | CUSIP: 24703UAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8190000 | PA      | $8215558.53    | 0.08%             | 2027-07-22      | Fixed         | 4.68%                 | Yes           |                  2 | On Loan: No      |
| T/L TPF II POWER 0% 10/02/2025 | T/L TPF II POWER LLC TL B 0.00000000                                                            | CUSIP: 87264NAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  19496650 | PA      | $19548511.33   | 0.19%             | 2028-04-03      | Variable      | 8.92%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUN 5.875% 06/10/27 | F&G GLOBAL FUNDING REGD 144A P/P MTN 5.87500000                                                 | CUSIP: 30321L2G6<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |  34080000 | PA      | $34781176.57   | 0.33%             | 2027-06-10      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SER V/R 06/06/33 | PNC FINANCIAL SERVICES REGD V/R 4.62600000                                                      | CUSIP: 693475BE4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2180991.41    | 0.02%             | 2033-06-06      | Variable      | 4.63%                 | No            |                  2 | On Loan: No      |
| CGCC 2014-FL2 C V/R 11/15/31   | CG-CCRE COMMERCIAL MORTGAGE TRUST 2014-FL2 SER 2014-FL2 CL C V/R REGD 144A P/P 6.69467000       | CUSIP: 12528PAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  22436322 | PA      | $18477114.62   | 0.18%             | 2031-11-15      | Variable      | 6.69%                 | Yes           |                  2 | On Loan: No      |
| TOYOTA MOTOR CR 5.45% 11/10/27 | TOYOTA MOTOR CREDIT CORP REGD 5.45000000                                                        | CUSIP: 89236TKL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  33086000 | PA      | $34047499.67   | 0.33%             | 2027-11-10      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MAGNE 2021-31A A V/R 07/15/34  | MAGNETITE XXXI LTD SER 2021-31A CL A1R V/R REGD 144A P/P 4.67219000                             | CUSIP: 55952FAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  17250000 | PA      | $17272421.55   | 0.17%             | 2034-07-15      | Variable      | 4.67%                 | Yes           |                  2 | On Loan: No      |
| SHELL FINANCE  2.375% 11/07/29 | SHELL FINANCE US IN REGD SER * 2.37500000                                                       | CUSIP: 822905AF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2362381.38    | 0.02%             | 2029-11-07      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| OCT41 2019-2A A1 V/R 10/15/33  | OCTAGON INVESTMENT PARTNERS 41 LTD SER 2019-2A CL A1R2 V/R REGD 144A P/P 4.76219000             | CUSIP: 67592FBA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  48100000 | PA      | $48109081.28   | 0.46%             | 2033-10-15      | Variable      | 4.76%                 | Yes           |                  2 | On Loan: No      |
| JOHN DEERE CAPIT 4.9% 03/07/31 | JOHN DEERE CAPITAL CORP REGD MTN 4.90000000                                                     | CUSIP: 24422EXN4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1935000 | PA      | $1995653.06    | 0.02%             | 2031-03-07      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| T/L BCP RENAISSANC 0% 10/31/28 | T/L BCP RENAISSANCE PARENT     L.L.C. 0% 0.00000000                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9733786 | PA      | $9692417.51    | 0.09%             | 2028-10-31      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| FORDF 2024-3 A1 4.3% 09/15/27  | FORD CREDIT FLOORPLAN MASTER OWNER TRUST A SER 2024-3 CL A1 REGD 144A P/P 4.30000000            | CUSIP: 34528QJK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  30550000 | PA      | $30746195.16   | 0.30%             | 2029-09-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN HONDA  4.45% 10/22/27 | AMERICAN HONDA FINANCE REGD MTN SER GMTN 4.45000000                                             | CUSIP: 02665WFT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $55484.89      | 0.00%             | 2027-10-22      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BA V/R 01/12/29 | MORGAN STANLEY BANK NA REGD V/R 5.01600000                                                      | CUSIP: 61690DK72<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  26755000 | PA      | $27256269.11   | 0.26%             | 2029-01-12      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA 4.576% 05/29/27    | CITIBANK NA REGD 4.57600000                                                                     | CUSIP: 17325FBN7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  45775000 | PA      | $46198930.06   | 0.44%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF  4.9% 04/04/28 | PACIFIC LIFE GF II REGD 144A P/P 4.90000000                                                     | CUSIP: 6944PL2S7<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |  37490000 | PA      | $38216258.15   | 0.37%             | 2028-04-04      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| ATHENE GLOBAL  5.349% 07/09/27 | ATHENE GLOBAL FUNDING REGD 144A P/P 5.34900000                                                  | CUSIP: 04685A3X7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25420393.25   | 0.24%             | 2027-07-09      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| FHLMC P#1N0333 V/R 12/01/36    | FREDDIE MAC NON GOLD POOL P#1N0333 V/R 5.99000000                                               | CUSIP: 3128QGLN0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     10762 | PA      | $11132.62      | 0.00%             | 2036-12-01      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| ATLANTIC CITY EL 2.3% 03/15/31 | ATLANTIC CITY ELECTRIC REGD 2.30000000                                                          | CUSIP: 048303CJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1743384.12    | 0.02%             | 2031-03-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 03/24/28 | WELLS FARGO & COMPANY REGD V/R MTN 3.52600000                                                   | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1914850.01    | 0.02%             | 2028-03-24      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINAN V/R 10/29/27 | CAPITAL ONE FINANCIAL CO REGD V/R 7.14900000                                                    | CUSIP: 14040HDB8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  12080000 | PA      | $12340075.64   | 0.12%             | 2027-10-29      | Variable      | 7.15%                 | No            |                  2 | On Loan: No      |
| TMUST 2024-1A  5.05% 02/22/27  | T-MOBILE US TRUST 2024-1 SER 2024-1A CL A REGD 144A P/P 5.05000000                              | CUSIP: 87267RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12345000 | PA      | $12426158.50   | 0.12%             | 2029-09-20      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| WALMART INC 4.35% 04/28/30     | WALMART INC REGD 4.35000000                                                                     | CUSIP: 931142FN8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2133798.20    | 0.02%             | 2030-04-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSB 5.5% 06/15/28 | SVENSKA HANDELSBANKEN AB REGD 144A P/P 5.50000000                                               | CUSIP: 86959LAP8<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |  33741000 | PA      | $34860920.14   | 0.33%             | 2028-06-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS I 4.2% 11/15/30 | META PLATFORMS INC REGD 4.20000000                                                              | CUSIP: 30303MAB8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |  26465000 | PA      | $26417456.42   | 0.25%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| US T BILL ZCP 04/02/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797SD0<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 100000000 | PA      | $99408361.00   | 0.95%             | 2026-04-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DPATH 2022-1A A1 V/R 01/15/37  | DEERPATH CAPITAL CLO 2022-1 LTD SER 2022-1A CL A1R V/R REGD 144A P/P 5.37219000                 | CUSIP: 24461BAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |  11100000 | PA      | $11124540.99   | 0.11%             | 2037-01-15      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| US BANCORP V/R 06/12/29        | US BANCORP REGD V/R 5.77500000                                                                  | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1982814.45    | 0.02%             | 2029-06-12      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| OXFIN 2025-1A 5.413% 02/16/32  | OXFORD FINANCE FUNDING TRUST 2025-1 LLC SER 2025-1A CL A2 REGD 144A P/P 5.41300000              | CUSIP: 69144BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13240000 | PA      | $13278875.29   | 0.13%             | 2035-02-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| US T BILL ZCP 04/09/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797SL2<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 107500000 | PA      | $106793456.25  | 1.03%             | 2026-04-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL 5% 06/15/28 | REXFORD INDUSTRIAL REALT REGD 5.00000000                                                        | CUSIP: 76169XAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  29500000 | PA      | $30018757.21   | 0.29%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEUB 2020-38A AR V/R 10/20/36  | NEUBERGER BERMAN LOAN ADVISERS CLO 3 SER 2020-38A CL AR2 V/R REGD 144A P/P 4.62763000           | CUSIP: 64133RAU0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  52000000 | PA      | $51977120.00   | 0.50%             | 2036-10-20      | Variable      | 4.63%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS  4.875% 02/13/29 | PHILIP MORRIS INTL INC REGD 4.87500000                                                          | CUSIP: 718172DG1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2047569.98    | 0.02%             | 2029-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| T/L IQVIA INC 00.00% 01/02/31  | T/L IQVIA INC 0.00000000                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  17864662 | PA      | $17916826.47   | 0.17%             | 2031-01-02      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| FORDF 2023-1 A 4.92% 05/15/26  | FORD CREDIT FLOORPLAN MASTER OWNER TRUST A SER 2023-1 CL A1 REGD 144A P/P 4.92000000            | CUSIP: 34528QHV9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  25940000 | PA      | $26017718.83   | 0.25%             | 2028-05-15      | Fixed         | 4.92%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 01/23/28 | JPMORGAN CHASE & CO REGD V/R 5.04000000                                                         | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2110000 | PA      | $2131404.52    | 0.02%             | 2028-01-23      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| BX 2022-CSMO A V/R 06/15/27    | BX COMMERCIAL MORTGAGE TRUST 2022-CSMO SER 2022-CSMO CL A V/R REGD 144A P/P 5.79499000          | CUSIP: 05610MAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18100000 | PA      | $18111312.50   | 0.17%             | 2027-06-15      | Variable      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| FHLMC P#1Q0072 V/R 04/01/36    | FREDDIE MAC NON GOLD POOL P#1Q0072 V/R 6.79500000                                               | CUSIP: 3128S4CH8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5876 | PA      | $6007.94       | 0.00%             | 2036-04-01      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| BX 2022-LP2 A V/R 02/15/24     | BX COMMERCIAL MORTGAGE TRUST 2022-LP2 SER 2022-LP2 CL A V/R REGD 144A P/P 4.69309000            | CUSIP: 05610HAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8144831 | PA      | $8142285.64    | 0.08%             | 2039-02-15      | Variable      | 4.69%                 | Yes           |                  2 | On Loan: No      |
| BAE SYSTEMS PLC 5% 03/26/27    | BAE SYSTEMS PLC REGD 144A P/P 5.00000000                                                        | CUSIP: 05523RAH0<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |  11105000 | PA      | $11234897.18   | 0.11%             | 2027-03-26      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN NATION 5.25% 06/03/30 | AMERICAN NATIONAL GF REGD 144A P/P MTN 5.25000000                                               | CUSIP: 02771D2B9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  33015000 | PA      | $33520618.45   | 0.32%             | 2030-06-03      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON BANCSH V/R 08/04/28 | HUNTINGTON BANCSHARES REGD V/R 4.44300000                                                       | CUSIP: 446150BB9<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |  18414000 | PA      | $18520149.16   | 0.18%             | 2028-08-04      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROU 4.95% 03/25/27 | VOLKSWAGEN GROUP AMERICA REGD 144A P/P 4.95000000                                               | CUSIP: 928668CN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18870000 | PA      | $19027949.64   | 0.18%             | 2027-03-25      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| EFF 2025-2 A2 4.51% 07/20/27   | ENTERPRISE FLEET FINANCING 2025-2 LLC SER 2025-2 CL A2 REGD 144A P/P 4.51000000                 | CUSIP: 29375TAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18000000 | PA      | $18075168.00   | 0.17%             | 2028-02-22      | Fixed         | 4.51%                 | Yes           |                  2 | On Loan: No      |
| HEALTH CARE SER 5.45% 06/15/34 | HEALTH CARE SERVICE CORP REGD 144A P/P 5.45000000                                               | CUSIP: 42218SAL2<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2166213.42    | 0.02%             | 2034-06-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| US T BILL ZCP 03/31/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797TB3<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 100000000 | PA      | $99423033.00   | 0.95%             | 2026-03-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AGL 2021-13A A1R V/R 10/20/34  | AGL CLO 13 LTD SER 2021-13A CL A1R V/R REGD 144A P/P 4.76763000                                 | CUSIP: 00120JAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15160000 | PA      | $15167531.49   | 0.15%             | 2034-10-20      | Variable      | 4.77%                 | Yes           |                  2 | On Loan: No      |
| CARMX 2025-4 A 3.97% 08/15/29  | CARMAX AUTO OWNER TRUST 2025-4 SER 2025-4 CL A3 REGD 3.97000000                                 | CUSIP: 14320HAD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21040000 | PA      | $21081551.90   | 0.20%             | 2030-12-16      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL  6.5% 01/16/29 | HYUNDAI CAPITAL AMERICA REGD 144A P/P 6.50000000                                                | CUSIP: 44891ACR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2227267.71    | 0.02%             | 2029-01-16      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| WFLF 2023-2A A 6.46% 08/19/24  | WHEELS FLEET LEASE FUNDING 1 LLC SER 2023-2A CL A REGD 144A P/P 6.46000000                      | CUSIP: 96328GBG1<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-CBDO         | CORP              | US        |   4522799 | PA      | $4575746.24    | 0.04%             | 2038-08-18      | Fixed         | 6.46%                 | Yes           |                  2 | On Loan: No      |
| ROCHE HOLDINGS 4.203% 09/09/29 | ROCHE HOLDINGS INC REGD 144A P/P 4.20300000                                                     | CUSIP: 771196CP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18145000 | PA      | $18268334.83   | 0.18%             | 2029-09-09      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| NESTLE HOLDINGS IN 5% 03/14/28 | NESTLE HOLDINGS INC REGD 144A P/P 5.00000000                                                    | CUSIP: 641062BF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2252838.54    | 0.02%             | 2028-03-14      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| KCOT 2024-1A A 5.19% 11/15/27  | KUBOTA CREDIT OWNER TRUST 2024-1 SER 2024-1A CL A3 REGD 144A P/P 5.19000000                     | CUSIP: 50117BAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9275000 | PA      | $9383326.44    | 0.09%             | 2028-07-17      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| SHNTN 2015-1A  4.75% 11/15/27  | SHENTON AIRCRAFT INVESTMENT I LTD SER 2015-1A CL A REGD 144A P/P 4.75000000                     | CUSIP: 82321UAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5986172 | PA      | $5826607.39    | 0.06%             | 2042-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GUARDIAN LIFE  4.798% 04/28/30 | GUARDIAN LIFE GLOB FUND REGD 144A P/P 4.79800000                                                | CUSIP: 40139LBK8<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |  24485000 | PA      | $24907247.01   | 0.24%             | 2030-04-28      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING 6% 11/21/28 | RGA GLOBAL FUNDING REGD 144A P/P 6.00000000                                                     | CUSIP: 76209PAC7<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |  16160000 | PA      | $16937986.84   | 0.16%             | 2028-11-21      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| WOODSIDE FINANCE 3.7% 09/15/26 | WOODSIDE FINANCE LTD REGD 144A P/P 3.70000000                                                   | CUSIP: 980236AN3<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  13932000 | PA      | $13874650.45   | 0.13%             | 2026-09-15      | Fixed         | 3.70%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL CREDI 3.125% 09/23/26 | BLUE OWL CREDIT INCOME REGD SER * 3.12500000                                                    | CUSIP: 69120VAM3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |  18000000 | PA      | $17829484.74   | 0.17%             | 2026-09-23      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| T/L BUCKEYE PARTNE 0% 09/26/32 | T/L BUCKEYE PARTNERS L P REGD 0.00000000                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8762465 | PA      | $8785247.79    | 0.08%             | 2032-09-26      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL F 5.38% 01/07/30 | ATHENE GLOBAL FUNDING REGD 144A P/P 5.38000000                                                  | CUSIP: 04685A4G3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2120000 | PA      | $2167933.45    | 0.02%             | 2030-01-07      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| TOYOTA MOTOR CR 4.55% 08/07/26 | TOYOTA MOTOR CREDIT CORP REGD MTN 4.55000000                                                    | CUSIP: 89236TMJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17090000 | PA      | $17157270.17   | 0.16%             | 2026-08-07      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUND 1.75% 06/30/26 | F&G GLOBAL FUNDING REGD 144A P/P 1.75000000                                                     | CUSIP: 30321L2A9<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1907485.16    | 0.02%             | 2026-06-30      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP 1.75% 03/01/26         | MPLX LP REGD 1.75000000                                                                         | CUSIP: 55336VBR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1915000 | PA      | $1911482.76    | 0.02%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW ZE 4.846% 02/07/28 | BANK OF NEW ZEALAND REGD 144A P/P 4.84600000                                                    | CUSIP: 06407EAG0<br>LEI: N/A                  | Long             | DBT              | CORP              | NZ        |  19870000 | PA      | $20217199.64   | 0.19%             | 2028-02-07      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| AGCO CORP 5.45% 03/21/27       | AGCO CORP REGD 5.45000000                                                                       | CUSIP: 001084AR3<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |  24855000 | PA      | $25184874.32   | 0.24%             | 2027-03-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BLP 2023-IND A V/R 03/15/28    | BLP COMMERCIAL MORTGAGE TRUST 2023-IND SER 2023-IND CL A V/R REGD 144A P/P 5.37219000           | CUSIP: 055531AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9149260 | PA      | $9160696.23    | 0.09%             | 2040-03-15      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| OXFIN 2022-1A 3.602% 03/15/25  | OXFORD FINANCE FUNDING 2022-1 LLC SER 2022-1A CL A2 REGD 144A P/P 3.60200000                    | CUSIP: 69145BAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12101659 | PA      | $11890283.18   | 0.11%             | 2030-02-15      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| CFII 2023-1A A 5.65% 05/15/26  | CHESAPEAKE FUNDING II LLC SER 2023-1A CL A1 REGD 144A P/P 5.65000000                            | CUSIP: 165183CU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3373254 | PA      | $3388818.34    | 0.03%             | 2035-05-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| SEACO 2020-1A  2.17% 03/18/30  | GLOBAL SC FINANCE VII SRL SER 2020-1A CL A REGD 144A P/P 2.17000000                             | CUSIP: 37959PAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BB        |  11820932 | PA      | $11369969.10   | 0.11%             | 2040-10-17      | Fixed         | 2.17%                 | Yes           |                  2 | On Loan: No      |
| MERCEDES-BENZ  4.875% 07/31/26 | MERCEDES-BENZ FIN NA REGD 144A P/P 4.87500000                                                   | CUSIP: 58769JAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  37185000 | PA      | $37374598.13   | 0.36%             | 2026-07-31      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| WESTERN-SOUTHERN 4.5% 07/16/28 | WESTERN-SOUTHERN GLOBAL REGD 144A P/P 4.50000000                                                | CUSIP: 95954A2B8<br>LEI: 635400PFYEGVSGK4VB37 | Long             | DBT              | CORP              | US        |  33040000 | PA      | $33292912.28   | 0.32%             | 2028-07-16      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC LIFE GF  4.5% 08/28/29 | PACIFIC LIFE GF II REGD 144A P/P 4.50000000                                                     | CUSIP: 6944PL3C1<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |  14300000 | PA      | $14455233.65   | 0.14%             | 2029-08-28      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY OH 2.125% 06/01/30 | DUKE ENERGY OHIO INC REGD 2.12500000                                                            | CUSIP: 26442EAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1750705.89    | 0.02%             | 2030-06-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS F 5.4% 04/06/26 | GENERAL MOTORS FINL CO REGD 5.40000000                                                          | CUSIP: 37045XEF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  23920000 | PA      | $23982298.68   | 0.23%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| US T BILL ZCP 02/05/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797RL3<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 100000000 | PA      | $99968916.66   | 0.96%             | 2026-02-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA C V/R 04/24/28 | BANK OF AMERICA CORP REGD V/R MTN 3.70500000                                                    | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1912081.19    | 0.02%             | 2028-04-24      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIF 5.209% 04/14/26 | PROTECTIVE LIFE GLOBAL REGD 144A P/P 5.20900000                                                 | CUSIP: 74368CBS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1929713.86    | 0.02%             | 2026-04-14      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| CARGILL INC 4.625% 02/11/28    | CARGILL INC REGD 144A P/P 4.62500000                                                            | CUSIP: 141781CE2<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |  27600000 | PA      | $28016230.91   | 0.27%             | 2028-02-11      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ORL 2024-GLKS A V/R 12/15/29   | ORL TRUST 2024-GLKS SER 2024-GLKS CL A V/R REGD 144A P/P 5.17269000                             | CUSIP: 67120DAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14870000 | PA      | $14907175.00   | 0.14%             | 2039-12-15      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| GUARDIAN LIFE  4.179% 09/26/29 | GUARDIAN LIFE GLOB FUND REGD 144A P/P MTN 4.17900000                                            | CUSIP: 40139LBJ1<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |  41635000 | PA      | $41677855.32   | 0.40%             | 2029-09-26      | Fixed         | 4.18%                 | Yes           |                  2 | On Loan: No      |
| ARBOR REALTY TRUST 5% 04/30/26 | ARBOR REALTY TRUST INC REGD 5.00000000                                                          | CUSIP: 038923AW8<br>LEI: 549300ASFUWYQO0RW077 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9981729.50    | 0.10%             | 2026-04-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GMREV 2023-2 A 5.77% 11/13/28  | GM FINANCIAL REVOLVING RECEIVABLES TRUST 2023-2 SER 2023-2 CL A REGD 144A P/P 5.77000000        | CUSIP: 36268DAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10900000 | PA      | $11405365.42   | 0.11%             | 2036-08-11      | Fixed         | 5.77%                 | Yes           |                  2 | On Loan: No      |
| DTRT 2023-1 A3 5.9% 03/15/27   | DAIMLER TRUCKS RETAIL TRUST 2023-1 SER 2023-1 CL A3 REGD 5.90000000                             | CUSIP: 233868AC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3137722 | PA      | $3150804.25    | 0.03%             | 2027-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| BLACKROCK TCP C 6.95% 05/30/29 | BLACKROCK TCP CAP CORP REGD 6.95000000                                                          | CUSIP: 09259EAC2<br>LEI: 549300JU1XG1HF56J989 | Long             | DBT              | CORP              | US        |  16000000 | PA      | $15847075.36   | 0.15%             | 2029-05-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC 1.4% 08/15/26       | VMWARE LLC REGD 1.40000000                                                                      | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   2235000 | PA      | $2205745.26    | 0.02%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG 12.25% 03/30/29   | AMS-OSRAM AG REGD 144A P/P 12.25000000                                                          | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |  16565000 | PA      | $17601521.75   | 0.17%             | 2029-03-30      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| CAALT 2024-3A  4.68% 08/16/27  | CREDIT ACCEPTANCE AUTO LOAN TRUST 2024-3 SER 2024-3A CL A REGD 144A P/P 4.68000000              | CUSIP: 22535LAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  17680000 | PA      | $17777323.10   | 0.17%             | 2034-09-15      | Fixed         | 4.68%                 | Yes           |                  2 | On Loan: No      |
| WOODS 2019-18A A V/R 05/20/32  | NORTHWOODS CAPITAL XVIII LTD SER 2019-18A CL AR V/R REGD 144A P/P 5.25057000                    | CUSIP: 66860MAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  20285627 | PA      | $20330439.73   | 0.20%             | 2032-05-20      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| STARBUCKS CORP 4.85% 02/08/27  | STARBUCKS CORP REGD 4.85000000                                                                  | CUSIP: 855244BG3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   2110000 | PA      | $2128891.97    | 0.02%             | 2027-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER S V/R 03/14/28 | BANCO SANTANDER SA REGD V/R SER * 5.55200000                                                    | CUSIP: 05964HBA2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  17000000 | PA      | $17271438.32   | 0.17%             | 2028-03-14      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| BLUE OWL TECHN 6.125% 01/23/31 | BLUE OWL TECHNOLOGY FINA REGD 6.12500000                                                        | CUSIP: 095924AC0<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |  26605000 | PA      | $26206726.87   | 0.25%             | 2031-01-23      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB F 4.85% 01/08/29 | MET LIFE GLOB FUNDING I REGD 144A P/P MTN 4.85000000                                            | CUSIP: 59217GFR5<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   2090000 | PA      | $2133681.33    | 0.02%             | 2029-01-08      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| FLX 2021-1A A2 3.25% 11/25/26  | FLEXENTIAL ISSUER 2021-1 SER 2021-1A CL A2 REGD 144A P/P 3.25000000                             | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  22994286 | PA      | $22714206.11   | 0.22%             | 2051-11-27      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| KOMATSU FINANC 5.499% 10/06/27 | KOMATSU FINANCE AMERICA REGD 144A P/P 5.49900000                                                | CUSIP: 50048WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2040000 | PA      | $2086857.45    | 0.02%             | 2027-10-06      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| NFMOT 2024-2A  4.42% 09/15/27  | NEXTGEAR FLOORPLAN MASTER OWNER TRUST SER 2024-2A CL A2 REGD 144A P/P 4.42000000                | CUSIP: 65341KCC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  27500000 | PA      | $27706811.00   | 0.27%             | 2029-09-15      | Fixed         | 4.42%                 | Yes           |                  2 | On Loan: No      |
| US BANK NA CINCIN V/R 05/15/28 | US BANK NA CINCINNATI REGD V/R 4.73000000                                                       | CUSIP: 90331HPS6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20635000 | PA      | $20833916.65   | 0.20%             | 2028-05-15      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FIN 4.45% 10/16/26 | CATERPILLAR FINL SERVICE REGD 4.45000000                                                        | CUSIP: 14913UAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9240000 | PA      | $9288979.95    | 0.09%             | 2026-10-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GRO V/R 04/23/28 | GOLDMAN SACHS GROUP INC REGD V/R 4.93700000                                                     | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  16355000 | PA      | $16531512.97   | 0.16%             | 2028-04-23      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| PFSFC 2025-D A 4.47% 05/15/28  | PFS FINANCING CORP SER 2025-D CL A REGD 144A P/P 4.47000000                                     | CUSIP: 69335PFY6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  23860000 | PA      | $24042276.08   | 0.23%             | 2030-05-15      | Fixed         | 4.47%                 | Yes           |                  2 | On Loan: No      |
| STATE STREET CORP V/R 02/20/29 | STATE STREET CORP REGD V/R 4.53000000                                                           | CUSIP: 857477CN1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2149785.07    | 0.02%             | 2029-02-20      | Variable      | 4.53%                 | No            |                  2 | On Loan: No      |
| LIFE 2022-BMR2 A V/R 05/15/24  | LIFE 2022-BMR MORTGAGE TRUST SER 2022-BMR2 CL A1 V/R REGD 144A P/P 4.97543000                   | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  23600000 | PA      | $22926840.68   | 0.22%             | 2039-05-15      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| ELB 5A AR V/R 06/15/34         | BLACKROCK ELBERT CLO V LLC/KY SER 5A CL AR V/R REGD 144A P/P 5.57320000                         | CUSIP: 092913AC6<br>LEI: 54930088K41XQK16ML36 | Long             | ABS-CBDO         | CORP              | US        |  12131563 | PA      | $12150553.47   | 0.12%             | 2034-06-15      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN TOWER  5.49% 03/15/28 | AMERICAN TOWER TRUST I REGD 144A P/P 5.49000000                                                 | CUSIP: 03027WAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9290000 | PA      | $9448178.97    | 0.09%             | 2028-03-15      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#AL2472 6.5% 06/01/40    | FANNIE MAE POOL UMBS P#AL2472 6.50000000                                                        | CUSIP: 3138EJXA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    529815 | PA      | $561921.19     | 0.01%             | 2040-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CCG 2025-2 A2 4.14% 10/14/28   | CCG RECEIVABLES TRUST 2025-2 SER 2025-2 CL A2 REGD 144A P/P 4.14000000                          | CUSIP: 12516XAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  25780000 | PA      | $25832802.60   | 0.25%             | 2034-08-15      | Fixed         | 4.14%                 | Yes           |                  2 | On Loan: No      |
| ATHENE GLOBAL FUN V/R 03/06/28 | ATHENE GLOBAL FUNDING REGD V/R 144A P/P 4.65578500                                              | CUSIP: 04685A4M0<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  22035000 | PA      | $22136903.50   | 0.21%             | 2028-03-06      | Variable      | 4.66%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK LIFE GL 4.4% 04/25/28 | NEW YORK LIFE GLOBAL FDG REGD 144A P/P MTN 4.40000000                                           | CUSIP: 64953BBW7<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  27190000 | PA      | $27481025.72   | 0.26%             | 2028-04-25      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| CCG 2023-2 A2 6.28% 03/14/27   | CCG RECEIVABLES TRUST SER 2023-2 CL A2 REGD 144A P/P 6.28000000                                 | CUSIP: 12511QAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2476155 | PA      | $2504217.83    | 0.02%             | 2032-04-14      | Fixed         | 6.28%                 | Yes           |                  2 | On Loan: No      |
| AERCAP IRELAND  2.45% 10/29/26 | AERCAP IRELAND CAP/GLOBA REGD 2.45000000                                                        | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  46858000 | PA      | $46331190.50   | 0.44%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| F/C US 5YR NOTE (CBT) MAR26    | FUTURE CONTRACT ON           US 5YR NOTE (CBT) MAR26 0.00000000                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |     -3877 | NC      | $-422320400.38 | -4.06%            |  |  |  | No            |                  1 | On Loan: No      |
| MCMML 2023-1A AR V/R 09/23/35  | MONROE CAPITAL MML CLO XV LLC SER 2023-1A CL AR V/R REGD 144A P/P 4.94102000                    | CUSIP: 61033YAY4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21720000 | PA      | $21724887.00   | 0.21%             | 2035-09-23      | Variable      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| 7-ELEVEN INC 0.95% 02/10/26    | 7-ELEVEN INC REGD 144A P/P 0.95000000                                                           | CUSIP: 817826AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2190000 | PA      | $2188445.23    | 0.02%             | 2026-02-10      | Fixed         | 0.95%                 | Yes           |                  2 | On Loan: No      |
| BLACK HILLS CORP 2.5% 06/15/30 | BLACK HILLS CORP REGD 2.50000000                                                                | CUSIP: 092113AT6<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   1905000 | PA      | $1761191.28    | 0.02%             | 2030-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPER 5.926% 10/02/26 | CANADIAN IMPERIAL BANK REGD 5.92600000                                                          | CUSIP: 13607LWT6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  80625000 | PA      | $81738290.16   | 0.79%             | 2026-10-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| T/L MIDCONTINENT 0% 08/17/26   | T/L MIDCONTINENT               COMMUNICATIONS REGD 0.00000000                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  27112311 | PA      | $26985154.50   | 0.26%             | 2031-08-16      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| SPGN 2022-TFLM A V/R 02/25/27  | SPGN 2022-TFLM MORTGAGE TRUST SER 2022-TFLM CL A V/R REGD 144A P/P 5.23019000                   | CUSIP: 78473HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  46350000 | PA      | $46333082.25   | 0.44%             | 2039-02-15      | Variable      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| US T BILL ZCP 02/24/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797SS7<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 100000000 | PA      | $99772513.88   | 0.96%             | 2026-02-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC 2.15% 12/10/31  | MERCK & CO INC REGD 2.15000000                                                                  | CUSIP: 58933YBE4<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2141378.81    | 0.02%             | 2031-12-10      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CO 2.15% 07/15/26 | ARES CAPITAL CORP REGD 2.15000000                                                               | CUSIP: 04010LBA0<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |  30435000 | PA      | $30146797.59   | 0.29%             | 2026-07-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| T/L CHARTER COMMUN 0% 12/07/30 | T/L CHARTER COMMUNICATIONS     OPERATING LLC REGD 0.00000000                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  60666290 | PA      | $60498244.45   | 0.58%             | 2030-12-07      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| PRA HEALTH SCI 2.875% 07/15/26 | PRA HEALTH SCIENCES INC REGD 144A P/P 2.87500000                                                | CUSIP: 45569KAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  44811000 | PA      | $44536924.72   | 0.43%             | 2026-07-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| NORTHWESTERN MU 5.07% 03/25/27 | NORTHWESTERN MUTUAL GLBL REGD 144A P/P 5.07000000                                               | CUSIP: 66815L2R9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  38945000 | PA      | $39454082.81   | 0.38%             | 2027-03-25      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| US T BILL ZCP 05/05/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797TL1<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 100000000 | PA      | $99087667.00   | 0.95%             | 2026-05-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BD 2.5% 08/24/26 | GOLUB CAPITAL BDC REGD 2.50000000                                                               | CUSIP: 38173MAB8<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |  33538000 | PA      | $33154420.86   | 0.32%             | 2026-08-24      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PFSFC 2025-A A V/R 01/15/27    | PFS FINANCING CORP SER 2025-A CL A V/R REGD 144A P/P 4.35735000                                 | CUSIP: 69335PFS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14090000 | PA      | $14107444.83   | 0.14%             | 2029-01-15      | Variable      | 4.36%                 | Yes           |                  2 | On Loan: No      |
| HA SUSTAINABLE  6.15% 01/15/31 | HA SUSTAINABLE INF CAP REGD 6.15000000                                                          | CUSIP: 40408AAA9<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |  41130000 | PA      | $42200073.86   | 0.41%             | 2031-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| GCRED 2025-BSL1A V/R 01/20/34  | GCRED BSL CLO 1 SER 2025-BSL1A CL A1 V/R REGD 144A P/P 4.71352000                               | CUSIP: 3615EMAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  17000000 | PA      | $16982119.40   | 0.16%             | 2034-01-20      | Variable      | 4.71%                 | Yes           |                  2 | On Loan: No      |
| PRICOA GLOBAL FU 4.4% 08/27/27 | PRICOA GLOBAL FUNDING 1 REGD 144A P/P 4.40000000                                                | CUSIP: 74153WCU1<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |  12685000 | PA      | $12798241.66   | 0.12%             | 2027-08-27      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| SDART 2025-2 A 4.67% 08/16/27  | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-2 SER 2025-2 CL A3 REGD 4.67000000                  | CUSIP: 80287NAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  26350000 | PA      | $26528118.10   | 0.25%             | 2029-08-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES 4.75% 10/20/28 | DELTA AIR LINES/SKYMILES REGD 144A P/P 4.75000000                                               | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   6467083 | PA      | $6515981.15    | 0.06%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| US T BILL ZCP 05/19/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797TS6<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 100000000 | PA      | $98945889.00   | 0.95%             | 2026-05-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CAN V/R 03/27/28 | ROYAL BANK OF CANADA REGD V/R MTN SER GMTN 4.71500000                                           | CUSIP: 78017DAF5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  64445000 | PA      | $65024473.33   | 0.62%             | 2028-03-27      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| MCIP 2022-1A A 4.05% 04/30/32  | MONROE CAPITAL INCOME PLUS ABS FUNDING LLC SER 2022-1A CL A REGD 144A P/P 4.05000000            | CUSIP: 61033MAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  29409549 | PA      | $28958021.59   | 0.28%             | 2032-04-30      | Fixed         | 4.05%                 | Yes           |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP 3.2% 09/26/26 | VOLKSWAGEN GROUP AMERICA REGD 144A P/P 3.20000000                                               | CUSIP: 928668BB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  46749000 | PA      | $46446663.46   | 0.45%             | 2026-09-26      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| T/L MPH ACQUISIT 0% 12/31/30   | T/L MPH ACQUISITION HOLDINGS   LLC REGD 0.00000000                                              | CUSIP: 55328HAP6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3802474 | PA      | $3788214.66    | 0.04%             | 2030-12-31      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB  5.9% 09/19/28 | COREBRIDGE GLOB FUNDING REGD 144A P/P 5.90000000                                                | CUSIP: 00138CAV0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |  26910000 | PA      | $28082231.62   | 0.27%             | 2028-09-19      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE PRIV 3.25% 03/15/27 | BLACKSTONE PRIVATE CRE REGD SER WI 3.25000000                                                   | CUSIP: 09261HAK3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2166700.67    | 0.02%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WMRK 2022-WMRK A V/R 11/15/27  | WMRK COMMERCIAL MORTGAGE TRUST 2022-WMRK SER 2022-WMRK CL A V/R REGD 144A P/P 6.46919000        | CUSIP: 929342AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  17494889 | PA      | $17652342.63   | 0.17%             | 2027-11-15      | Variable      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| US BANCORP V/R /PERP/          | US BANCORP REGD V/R /PERP/ 3.70000000                                                           | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  42990000 | PA      | $42391768.36   | 0.41%             | 2175-01-15      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| ONEOK INC 5.55% 11/01/26       | ONEOK INC REGD 5.55000000                                                                       | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2121889.33    | 0.02%             | 2026-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| COMERICA INC V/R 01/30/30      | COMERICA INC REGD V/R 5.98200000                                                                | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |  27352000 | PA      | $28591629.02   | 0.27%             | 2030-01-30      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| COMM 2025-SBX A V/R 08/10/28   | COMM 2025-SBX MORTGAGE TRUST SER 2025-SBX CL A V/R REGD 144A P/P 5.25697000                     | CUSIP: 20047UAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18875000 | PA      | $18968525.63   | 0.18%             | 2041-08-10      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| M&T BANK CORPORAT V/R 03/13/32 | M&T BANK CORPORATION REGD V/R 6.08200000                                                        | CUSIP: 55261FAT1<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2230568.30    | 0.02%             | 2032-03-13      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| MDPK 2021-49A AR V/R 10/19/34  | MADISON PARK FUNDING XLIX LTD SER 2021-49A CL AR V/R REGD 144A P/P 4.71763000                   | CUSIP: 55820VAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  50000000 | PA      | $50059920.00   | 0.48%             | 2034-10-19      | Variable      | 4.72%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CRE 5.125% 11/05/26 | FORD MOTOR CREDIT CO LLC REGD 5.12500000                                                        | CUSIP: 345397F81<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  76889000 | PA      | $77322564.77   | 0.74%             | 2026-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS  V/R 04/23/27 | AMERICAN EXPRESS CO REGD V/R 5.64500000                                                         | CUSIP: 025816DT3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  38724000 | PA      | $38865319.37   | 0.37%             | 2027-04-23      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBA 5.25% 04/12/29 | MET TOWER GLOBAL FUNDING REGD 144A P/P MTN 5.25000000                                           | CUSIP: 58989V2H6<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |  23485000 | PA      | $24277887.65   | 0.23%             | 2029-04-12      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| RGA GLOBAL FUNDI 4.6% 11/25/30 | RGA GLOBAL FUNDING REGD 144A P/P 4.60000000                                                     | CUSIP: 76209PAK9<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |  32080000 | PA      | $32148534.43   | 0.31%             | 2030-11-25      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| ARIFL 2023-B A 6.05% 07/15/32  | ARI FLEET LEASE TRUST 2023-B SER 2023-B CL A2 REGD 144A P/P 6.05000000                          | CUSIP: 04033GAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2610487 | PA      | $2629237.17    | 0.03%             | 2032-07-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| JOHNSON & JOHNSO 4.5% 03/01/27 | JOHNSON & JOHNSON REGD 4.50000000                                                               | CUSIP: 478160DG6<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |  38225000 | PA      | $38565773.58   | 0.37%             | 2027-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPEL 5.927% 08/15/30 | COLUMBIA PIPELINES OPCO REGD 144A P/P 5.92700000                                                | CUSIP: 19828TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2045000 | PA      | $2166517.44    | 0.02%             | 2030-08-15      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| BXMT 2021-FL4 A V/R 05/15/38   | BXMT 2021-FL4 LTD SER 2021-FL4 CL A V/R REGD 144A P/P 4.84186000                                | CUSIP: 05609GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7171884 | PA      | $7127615.97    | 0.07%             | 2038-05-15      | Variable      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| KENTUCKY ST PUBLI V/R 08/01/52 | KENTUCKY ST PUBLIC ENERGY AUTH REGD V/R B/E 3.64600000                                          | CUSIP: 74440DDT8<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |  31000000 | PA      | $31318549.80   | 0.30%             | 2052-08-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| T/L LUMEN TECHNOL ZCP 04/15/29 | T/L LUMEN TECHNOLOGIES INC REGD ZCP TERM LOAN 0.00000000                                        | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |   9243258 | PA      | $9213217.89    | 0.09%             | 2029-04-15      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| UMBS P#906281 V/R 01/01/37     | FANNIE MAE POOL UMBS P#906281 V/R 5.99500000                                                    | CUSIP: 31411E2N6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     17386 | PA      | $17930.48      | 0.00%             | 2037-01-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL  V/R 10/30/29 | TRUIST FINANCIAL CORP REGD V/R MTN 7.16100000                                                   | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $2072928.84    | 0.02%             | 2029-10-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS V/R 05/09/29       | BNP PARIBAS REGD V/R 144A P/P 4.79200000                                                        | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  23440000 | PA      | $23715058.79   | 0.23%             | 2029-05-09      | Variable      | 4.79%                 | Yes           |                  2 | On Loan: No      |
| FHLB D/N 02/02/26              | FEDERAL HOME LOAN BANK DISCOUNT NOTES 0.00000000                                                | CUSIP: 313385SP2<br>LEI: N/A                  | Long             | STIV             | USGA              | US        | 101000000 | PA      | $101000000.00  | 0.97%             | 2026-02-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GL 5.5% 06/28/28 | PRINCIPAL LFE GLB FND II REGD 144A P/P MTN 5.50000000                                           | CUSIP: 74256LEW5<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   1955000 | PA      | $2014787.11    | 0.02%             | 2028-06-28      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BOSTON PROPERTI 2.75% 10/01/26 | BOSTON PROPERTIES LP REGD 2.75000000                                                            | CUSIP: 10112RAY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1902883.18    | 0.02%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP 2.65% 07/15/26     | ORACLE CORP REGD 2.65000000                                                                     | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  61486000 | PA      | $61066955.08   | 0.59%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| FNMA P745925 V/R 09/01/36      | FNMA P745925 V/R 09/01/36 6.43700000                                                            | CUSIP: 31403DVS5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     22762 | PA      | $23487.86      | 0.00%             | 2036-09-01      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL C 5.5% 01/12/29 | CNH INDUSTRIAL CAP LLC REGD 5.50000000                                                          | CUSIP: 12592BAR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10920000 | PA      | $11303250.39   | 0.11%             | 2029-01-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BX 2024-GPA2 A V/R 11/15/26    | BX COMMERCIAL MORTGAGE TRUST 2024-GPA2 SER 2024-GPA2 CL A V/R REGD 144A P/P 5.22253000          | CUSIP: 12433DAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21220000 | PA      | $21253156.25   | 0.20%             | 2041-11-15      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| VZMT 2025-3 A1 4.51% 03/22/27  | VERIZON MASTER TRUST SER 2025-3 CL A1A REGD 4.51000000                                          | CUSIP: 92348KDY6<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-CBDO         | CORP              | US        |  17610000 | PA      | $17748798.50   | 0.17%             | 2030-03-20      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERI 4.65% 06/09/28 | EQUITABLE AMERICA GLOBAL REGD 144A P/P 4.65000000                                               | CUSIP: 29446Q2A0<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |  43740000 | PA      | $44247661.31   | 0.42%             | 2028-06-09      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| T/L AADVANTAGE LO 0% 04/20/28  | T/L AADVANTAGE LOYALTY IP LTD. REGD 0.00000000                                                  | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |  37119611 | PA      | $37119611.31   | 0.36%             | 2028-04-20      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| OMFIT 2023-2A  5.84% 11/14/27  | ONEMAIN FINANCIAL ISSUANCE TRUST 2023-2 SER 2023-2A CL A1 REGD 144A P/P 5.84000000              | CUSIP: 68269HAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16380000 | PA      | $16710335.46   | 0.16%             | 2036-09-15      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| T/L JAZZ PHARM 0% 05/05/28     | T/L JAZZ PHARMACEUTICALS       PUBLIC LIMITED COMPANY         REGD /TERM LOAN 0.00000000        | CUSIP: G5080AAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |  22836638 | PA      | $22890532.38   | 0.22%             | 2028-05-05      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| GNMA #080312 V/R 8/20/29       | GINNIE MAE II POOL P#80312 V/R 5.37500000                                                       | CUSIP: 36225CK21<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1763 | PA      | $1771.51       | 0.00%             | 2029-08-20      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| DRVPNK 2025-1A 4.72% 11/10/26  | AUTONATION FINANCE TRUST 2025-1 SER 2025-1A CL A2 REGD 144A P/P 4.72000000                      | CUSIP: 05330QAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7885481 | PA      | $7901975.36    | 0.08%             | 2028-04-10      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| SKANDINAVISKA  5.375% 03/05/29 | SKANDINAVISKA ENSKILDA REGD 144A P/P 5.37500000                                                 | CUSIP: 830505BB8<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |  11875000 | PA      | $12278274.53   | 0.12%             | 2029-03-05      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CNH INDUSTRIAL C 5.1% 04/20/29 | CNH INDUSTRIAL CAP LLC REGD 5.10000000                                                          | CUSIP: 12592BAS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  27185000 | PA      | $27855136.62   | 0.27%             | 2029-04-20      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW ZE 5.076% 01/30/29 | BANK OF NEW ZEALAND REGD 144A P/P 5.07600000                                                    | CUSIP: 06407EAH8<br>LEI: N/A                  | Long             | DBT              | CORP              | NZ        |   9500000 | PA      | $9769785.28    | 0.09%             | 2029-01-30      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| CGMS 2016-1A A1R V/R 04/20/34  | CARLYLE GLOBAL MARKET STRATEGIES CLO  SER 2016-1A CL A1R3 V/R REGD 144A P/P 4.75763000          | CUSIP: 14312HBE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  30000000 | PA      | $30004767.00   | 0.29%             | 2034-04-20      | Variable      | 4.76%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC 4.65% 12/01/29  | AMAZON.COM INC REGD 4.65000000                                                                  | CUSIP: 023135CQ7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2154564.87    | 0.02%             | 2029-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PFSFC 2023-A A 5.8% 03/15/26   | PFS FINANCING CORP SER 2023-A CL A REGD 144A P/P 5.80000000                                     | CUSIP: 69335PET8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9810000 | PA      | $9830191.92    | 0.09%             | 2028-03-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| AESOP 2023-3A  5.44% 02/22/27  | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC SER 2023-3A CL A REGD 144A P/P 5.44000000              | CUSIP: 05377RGU2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11930000 | PA      | $12065598.77   | 0.12%             | 2028-02-22      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| GA GLOBAL FUNDI 2.25% 01/06/27 | GA GLOBAL FUNDING TRUST REGD 144A P/P 2.25000000                                                | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1895733.92    | 0.02%             | 2027-01-06      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| BAXTER INTERNA 1.915% 02/01/27 | BAXTER INTERNATIONAL INC REGD 1.91500000                                                        | CUSIP: 071813CL1<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    970000 | PA      | $949982.37     | 0.01%             | 2027-02-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 4.25% 06/30/29    | UNITED STATES TREASURY NOTE 4.25000000                                                          | CUSIP: 91282CKX8<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  23550000 | PA      | $23992482.36   | 0.23%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITA V/R 03/06/28 | JOHN DEERE CAPITAL CORP REGD V/R 4.21926600                                                     | CUSIP: 24422EYA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  44670000 | PA      | $44859806.40   | 0.43%             | 2028-03-06      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| ADC 2023-1A A2 6% 08/15/28     | ALIGNED DATA CENTERS ISSUER LLC SER 2023-1A CL A2 REGD 144A P/P 6.00000000                      | CUSIP: 01627AAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7555000 | PA      | $7605463.62    | 0.07%             | 2048-08-17      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MCMML 2020-1A AR V/R 08/20/37  | MONROE CAPITAL MML CLO X LTD SER 2020-1A CL AR2 V/R REGD 144A P/P 5.55896000                    | CUSIP: 61034UAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11780000 | PA      | $11810400.65   | 0.11%             | 2037-08-20      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| AXIS 2023-1A A 6.09% 12/20/29  | AMUR EQUIPMENT FINANCE RECEIVABLES XII LLC SER 2023-1A CL A2 REGD 144A P/P 6.09000000           | CUSIP: 03236YAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1930231 | PA      | $1945159.63    | 0.02%             | 2029-12-20      | Fixed         | 6.09%                 | Yes           |                  2 | On Loan: No      |
| WFLF 2025-1A A 4.57% 11/18/28  | WHEELS FLEET LEASE FUNDING 1 LLC SER 2025-1A CL A1 REGD 144A P/P 4.57000000                     | CUSIP: 96328GCE5<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-CBDO         | CORP              | US        |  33003483 | PA      | $33310194.26   | 0.32%             | 2040-01-18      | Fixed         | 4.57%                 | Yes           |                  2 | On Loan: No      |
| CAUTO 2023-1A  5.75% 09/15/28  | CARS-DB7 LP SER 2023-1A CL A1 REGD 144A P/P 5.75000000                                          | CUSIP: 12510HAS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9690554 | PA      | $9753598.98    | 0.09%             | 2053-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| OPTN 2025-C A 4.49% 09/01/27   | OPORTUN ISSUANCE TRUST 2025-C SER 2025-C CL A REGD 144A P/P 4.49000000                          | CUSIP: 68378RAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  48380000 | PA      | $48452540.97   | 0.47%             | 2033-07-08      | Fixed         | 4.49%                 | Yes           |                  2 | On Loan: No      |
| ARES CAPITAL CORP 7% 01/15/27  | ARES CAPITAL CORP REGD 7.00000000                                                               | CUSIP: 04010LBE2<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   2045000 | PA      | $2099790.17    | 0.02%             | 2027-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LFT 2025-1A A 4.94% 06/20/29   | LENDMARK FUNDING TRUST 2025-1 SER 2025-1A CL A REGD 144A P/P 4.94000000                         | CUSIP: 52604QAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  35215000 | PA      | $35573312.63   | 0.34%             | 2034-09-20      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| FNH 2019-1 A V/R 12/10/31      | FNA 2019-1 LLC SER 2019-1 CL A V/R REGD 144A P/P 3.00000000                                     | CUSIP: 30312PAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4391569 | PA      | $4389373.11    | 0.04%             | 2031-12-10      | Variable      | 3.00%                 | Yes           |                  3 | On Loan: No      |
| ARBOR REALTY S 7.875% 07/15/30 | ARBOR REALTY SR INC REGD 144A P/P 7.87500000                                                    | CUSIP: 03881NAJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7570000 | PA      | $6944319.89    | 0.07%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| CARMX 2025-2 A 4.59% 03/15/27  | CARMAX AUTO OWNER TRUST 2025-2 SER 2025-2 CL A2A REGD 4.59000000                                | CUSIP: 14320AAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16290706 | PA      | $16340625.32   | 0.16%             | 2028-07-17      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| US T BILL ZCP 02/17/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797SR9<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 153065000 | PA      | $152829490.63  | 1.47%             | 2026-02-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OCT57 2021-1A AR V/R 10/15/34  | OCTAGON 57 LTD SER 2021-1A CL AR V/R REGD 144A P/P 4.74219000                                   | CUSIP: 67592XAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  33880000 | PA      | $33863093.88   | 0.33%             | 2034-10-15      | Variable      | 4.74%                 | Yes           |                  2 | On Loan: No      |
| UNIVERSAL INSU 5.625% 11/30/26 | UNIVERSAL INSURANCE HLDS REGD SER WI 5.62500000                                                 | CUSIP: 91359VAC1<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | DBT              | CORP              | US        |   4205000 | PA      | $4152144.87    | 0.04%             | 2026-11-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CMXS 2025-B A2 4.19% 06/15/27  | CARMAX SELECT RECEIVABLES TRUST 2025-B SER 2025-B CL A2 REGD 4.19000000                         | CUSIP: 14320BAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18780000 | PA      | $18800030.75   | 0.18%             | 2029-03-15      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| CCG 2024-1 A2 4.99% 12/14/27   | CCG RECEIVABLES TRUST 2024-1 SER 2024-1 CL A2 REGD 144A P/P 4.99000000                          | CUSIP: 12515PAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14206515 | PA      | $14331117.13   | 0.14%             | 2032-03-15      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| SEACO 2020-2A  2.26% 03/17/30  | GLOBAL SC FINANCE VII SRL SER 2020-2A CL A REGD 144A P/P 2.26000000                             | CUSIP: 37959PAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BB        |  12532944 | PA      | $12071954.47   | 0.12%             | 2040-11-19      | Fixed         | 2.26%                 | Yes           |                  2 | On Loan: No      |
| KEURIG DR PEPPER 5.1% 03/15/27 | KEURIG DR PEPPER IN REGD SER * 5.10000000                                                       | CUSIP: 49271VAW0<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2223954.99    | 0.02%             | 2027-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| US T BILL ZCP 03/24/26         | UNITED STATES TREASURY BILL ZCP 0.00000000                                                      | CUSIP: 912797TA5<br>LEI: N/A                  | Long             | STIV             | UST               | US        | 100000000 | PA      | $99510416.68   | 0.96%             | 2026-03-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ARTFI 2024-1A  6.43% 03/22/27  | SOTHEBY'S ARTFI MASTER TRUST SER 2024-1A CL A1 REGD 144A P/P 6.43000000                         | CUSIP: 83589CAA6<br>LEI: 9845002FA850DM72BA31 | Long             | ABS-CBDO         | CORP              | US        |  24210000 | PA      | $24261884.45   | 0.23%             | 2031-12-22      | Fixed         | 6.43%                 | Yes           |                  2 | On Loan: No      |
| BBUBS 2012-TFT B V/R 06/05/20  | BB-UBS TRUST SER 2012-TFT CL B V/R REGD 144A P/P 3.55929800                                     | CUSIP: 05490AAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21473648 | PA      | $20399750.50   | 0.20%             | 2030-06-05      | Variable      | 3.56%                 | Yes           |                  2 | On Loan: No      |
| CSL FINANCE PLC 4.25% 04/27/32 | CSL FINANCE PLC REGD 144A P/P 4.25000000                                                        | CUSIP: 12661PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2200000 | PA      | $2163099.99    | 0.02%             | 2032-04-27      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** BBH Trust

**Signature:** Declan Coyne

**Name of Signer:** Declan Coyne

**Title:** Treasurer